FWP 1 n2027_x2-a1.htm FREE WRITING PROSPECTUS
    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-227446-10
     

 

     
 

 

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-227446) 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”), BofA Securities, Inc. (together with its affiliates, “BofA Securities”), Wells Fargo Securities, LLC (together with its affiliates, “Wells Fargo”) , Academy Securities, Inc. (together with its affiliates, “Academy”) and Drexel Hamilton, LLC (together with its affiliates, “Drexel” and collectively with Morgan Stanley, Wells Fargo, BofA Securities and Academy, the “Underwriters”). This material was not produced by an Underwriter’s research analyst, although it may refer to an Underwriter’s research analyst or research report. Unless otherwise indicated, these views (if any) are the author’s and may differ from those of the fixed income or equity research departments of the Underwriters or others in those firms.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

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

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

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

 

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

 

 
     

 

 

 

 

Annex A-1 - 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 Sponsor
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3 6.4% MSBNA MSMCH $76,680,000 $76,680,000 $76,680,000 $145,779.47 Refinance Finkelstein Timberger East Real Estate
Property   1.01 1264-1270 Gerard Avenue 1.3% MSBNA   $15,200,000 $15,200,000 $15,200,000      
Property   1.02 3018 Heath Avenue 0.9% MSBNA   $10,900,000 $10,900,000 $10,900,000      
Property   1.03 1576 Taylor Avenue 0.9% MSBNA   $10,760,000 $10,760,000 $10,760,000      
Property   1.04 1299 Grand Concourse 0.9% MSBNA   $10,360,000 $10,360,000 $10,360,000      
Property   1.05 2500 University Avenue 0.7% MSBNA   $8,610,000 $8,610,000 $8,610,000      
Property   1.06 2505 Aqueduct Avenue 0.7% MSBNA   $8,540,000 $8,540,000 $8,540,000      
Property   1.07 2785-2791 Sedgwick Avenue 0.5% MSBNA   $6,590,000 $6,590,000 $6,590,000      
Property   1.08 1945 Loring Place South 0.5% MSBNA   $5,720,000 $5,720,000 $5,720,000      
Loan 5 2 Bravern Office Commons 6.2% BANA BANA $75,000,000 $75,000,000 $75,000,000 $304.12 Acquisition QSuper Board as trustee for QSuper
Loan 5, 8 3 560 Mission Street 5.8% BANA BANA $70,000,000 $70,000,000 $70,000,000 $449.00 Recapitalization National Office Partners LLC
Loan 5 4 200 West 57th Street 5.8% MSBNA MSMCH $70,000,000 $70,000,000 $70,000,000 $670.96 Recapitalization Feil Organization
Loan 5, 8 5 545 Washington Boulevard 5.0% MSBNA MSMCH $60,000,000 $60,000,000 $60,000,000 $290.30 Acquisition HGI Opportunity Fund XIII, LP; HGGP Capital XIV, LP
Loan 5 6 55 Hudson Yards 4.7% WFB WFB $56,700,000 $56,700,000 $56,700,000 $660.28 Recapitalization Mitsui Fudosan America, Inc.; The Related Companies, L.P.; OP Olympic Capital Corp (US), Inc.
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio 4.0% BANA BANA $48,000,000 $48,000,000 $39,289,435 $67,796.61 Refinance/Acquisition AD1 Global
Property   7.01 Residence Inn Hartford Avon 0.8% BANA   $10,051,000 $10,051,000 $8,227,044      
Property   7.02 Holiday Inn Melbourne-Viera Conference Center 0.8% BANA   $9,247,500 $9,247,500 $7,569,355      
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway 0.7% BANA   $8,357,000 $8,357,000 $6,840,454      
Property   7.04 Comfort Inn International Drive 0.7% BANA   $7,877,500 $7,877,500 $6,447,969      
Property   7.05 Wyndham Garden Tallahassee Capitol 0.6% BANA   $7,672,000 $7,672,000 $6,279,761      
Property   7.06 Holiday Inn Savannah South - I-95 Gateway 0.4% BANA   $4,795,000 $4,795,000 $3,924,851      
Loan 5, 8 8 1633 Broadway 3.3% WFB WFB $40,000,000 $40,000,000 $40,000,000 $390.78 Refinance Paramount Group Operating Partnership LP
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino 2.9% MSBNA MSMCH $35,000,000 $35,000,000 $35,000,000 $426,188.66 Acquisition BREIT Operating Partnership L.P.
Loan 6, 7 10 F Street and K Street Office Portfolio 2.6% BANA BANA $31,200,000 $31,200,000 $31,200,000 $250.27 Recapitalization Mitchell B. Modell
Property   10.01 1612 K Street Northwest 1.5% BANA   $17,752,000 $17,752,000 $17,752,000      
Property   10.02 1319 F Street Northwest 1.1% BANA   $13,448,000 $13,448,000 $13,448,000      
Loan   11 Marriott Richmond Dual Brand 2.5% WFB WFB $29,900,000 $29,900,000 $23,297,628 $142,380.95 Recapitalization Apple Hospitality REIT, Inc.
Loan 8 12 Steeples Apartments 2.4% MSBNA MSMCH $28,300,000 $28,300,000 $28,300,000 $69,193.15 Refinance Nitya Capital, LLC
Loan   13 Coral Sky Plaza 2.2% MSBNA MSMCH $26,125,000 $26,125,000 $26,125,000 $112.26 Acquisition Kenneth R. Silverman
Loan   14 Embassy Suites - Charlotte 2.1% BANA BANA $25,500,000 $25,500,000 $25,500,000 $93,065.69 Refinance SREE Hospitality
Loan   15 Prince William Square 2.1% MSBNA MSMCH $25,000,000 $25,000,000 $25,000,000 $107.32 Acquisition ALTO Real Estate Funds
Loan   16 Pacific Plaza Tacoma 1.9% BANA BANA $23,250,000 $23,250,000 $23,250,000 $221.70 Refinance Daniel R. Absher; Daniel D. Putnam
Loan 6, 9 17 OSU Hotel Portfolio 1.9% BANA BANA $23,000,000 $22,963,072 $18,164,771 $120,858.27 Refinance Jagdeep Singh
Property   17.01 Staybridge Suites - Columbus 1.0% BANA   $11,532,764 $11,514,247 $9,108,261      
Property   17.02 Holiday Inn Express & Suites - Columbus 1.0% BANA   $11,467,236 $11,448,825 $9,056,510      
Loan   18 Residence Inn - Amelia Island 1.8% BANA BANA $22,100,000 $22,066,875 $17,747,375 $165,916.35 Acquisition Meyer Jabara Hotels
Loan   19 Marketfair Shopping Center 1.7% MSBNA MSMCH $20,000,000 $20,000,000 $17,135,628 $91.07 Acquisition Dino Tomassetti, JR.
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio 1.6% MSBNA MSMCH $19,500,000 $19,500,000 $19,500,000 $348,214.29 Refinance Black Bear Asset Management; Caspi Development; Finkelstein Timberger East Real Estate
Property   20.01 74 Forsyth Street 0.6% MSBNA   $6,900,000 $6,900,000 $6,900,000      
Property   20.02 104 Forsyth Street 0.6% MSBNA   $6,800,000 $6,800,000 $6,800,000      
Property   20.03 72 Forsyth Street 0.5% MSBNA   $5,800,000 $5,800,000 $5,800,000      
Loan 5, 6, 7 21 Giant Anchored Portfolio 1.5% WFB WFB $18,500,000 $18,500,000 $16,784,472 $176.85 Acquisition Leo Ullman; Robert F. Whalen, Jr.
Property   21.01 Parkway Plaza 0.3% WFB   $3,528,351 $3,528,351 $3,201,162      
Property   21.02 Aston Center 0.3% WFB   $3,051,546 $3,051,546 $2,768,573      
Property   21.03 Spring Meadow 0.3% WFB   $3,032,474 $3,032,474 $2,751,269      
Property   21.04 Scott Town Center 0.2% WFB   $2,631,959 $2,631,959 $2,387,894      
Property   21.05 Creekside Market Place 0.2% WFB   $2,574,742 $2,574,742 $2,335,983      
Property   21.06 Stonehedge Square 0.2% WFB   $2,136,082 $2,136,082 $1,938,001      
Property   21.07 Ayr Town Center 0.1% WFB   $1,544,845 $1,544,845 $1,401,590      
Loan   22 Roseburg Valley Marketplace 1.5% BANA BANA $18,000,000 $18,000,000 $16,227,993 $81.81 Refinance PVAM Argonaut Property Fund, L.P.
Loan   23 University Marketplace 1.4% MSBNA MSMCH $16,550,000 $16,550,000 $13,891,558 $131.76 Refinance Michael Bellino; Stephen Bellino
Loan 7, 8 24 Vesta Lofts Apartments 1.4% BANA BANA $16,500,000 $16,500,000 $16,500,000 $275,000.00 Acquisition Greenstone Property Group
Loan   25 Courtyard - Columbia Downtown 1.2% BANA BANA $15,000,000 $15,000,000 $15,000,000 $79,365.08 Refinance SREE Hospitality
Loan   26 West Coast Self Storage - Columbia City 1.1% BANA BANA $13,800,000 $13,800,000 $13,800,000 $213.33 Refinance Catalyst Storage Investors
Loan 6 27 Southeast Retail Portfolio 1.0%    WFB WFB $12,000,000 $11,981,189 $9,533,195 $50.60 Refinance Herbert A. Tobin
Property   27.01 Whitfield Square Shopping Center 0.7% WFB   $7,840,415 $7,828,125 $6,228,684      
Property   27.02 Mooreland Shopping Center 0.3% WFB   $4,159,585 $4,153,064 $3,304,511      
Loan   28 Ayres Hotel Orange 1.0% MSBNA MSMCH $11,700,000 $11,700,000 $8,230,947 $84,782.61 Refinance Ayres Hotel Group
Loan   29 The Hub Shopping Center 0.9% MSBNA MSMCH $11,325,000 $11,307,935 $9,083,072 $225.28 Acquisition Alan Greenberg
Loan   30 6410 Halsey 0.9% BANA BANA $10,900,000 $10,900,000 $10,900,000 $172.19 Acquisition Thomas Lebeau
Loan   31 Oaktree Plaza - Denton 0.9% WFB WFB $10,650,000 $10,633,164 $8,443,305 $153.55 Acquisition Ron Pegram
Loan 6, 7 32 Bradenton Cascade Office Portfolio 0.9% WFB WFB $10,300,000 $10,256,602 $8,208,585 $49.33 Refinance Ziki Zaffir
Property   32.01 Cascade I 0.3% WFB   $3,056,950 $3,044,070 $2,436,236      
Property   32.02 Bradenton Office 0.2% WFB   $2,528,590 $2,517,936 $2,015,160      
Property   32.03 Cascade II 0.2% WFB   $2,485,750 $2,475,277 $1,981,019      
Property   32.04 Cascade V 0.2% WFB   $2,228,710 $2,219,320 $1,776,171      
Loan   33 Laurel Square 0.8% MSBNA MSMCH $10,100,000 $10,100,000 $10,100,000 $355.90 Recapitalization VGs Childrens, LLC
Loan   34 Easton Commons 0.8% MSBNA MSMCH $9,875,000 $9,859,616 $7,856,879 $58.46 Acquisition Kenneth Levy
Loan   35 Murphy Crossing Shopping Center 0.8% BANA BANA $9,500,000 $9,500,000 $8,234,893 $216.43 Refinance Darcie Glazer Kassewitz
Loan   36 7701 & 7721 Eastchase Parkway 0.8% MSBNA MSMCH $9,100,000 $9,100,000 $9,100,000 $140.00 Recapitalization John Young
Loan   37 325 W. 45th Street Owners Corp. 0.7% NCCB NCB $8,201,000 $8,201,000 $8,201,000 $38,144.19 Refinance N/A
Loan   38 Courtyard - Charlotte Matthews 0.7% BANA BANA $8,000,000 $8,000,000 $8,000,000 $66,115.70 Refinance SREE Hospitality
Loan   39 Ayres Hotel Spa Mission Viejo 0.7% MSBNA MSMCH $7,850,000 $7,850,000 $5,522,474 $87,222.22 Refinance Ayres Hotel Group
Loan   40 Twin Fountains Plaza 0.6% MSBNA MSMCH $7,767,500 $7,767,500 $7,767,500 $168.40 Acquisition Corsair Property Company, LLC
Loan   41 18 West 25th Street 0.6% BANA BANA $7,500,000 $7,488,112 $5,942,109 $74,139.72 Refinance Wai Y. Yung; Chun H. Yung
Loan   42 Music City Shopping Center 0.6% WFB WFB $7,373,000 $7,373,000 $6,221,540 $94.40 Acquisition Robert F. Tamaro; Therese W. Tamaro
Loan   43 Reston Business Campus 0.6% WFB WFB $7,300,000 $7,300,000 $7,300,000 $88.37 Acquisition 10th Street LLC
Loan   44 400 East 77th Street Owners, Inc. 0.6% NCCB NCB $6,750,000 $6,738,086 $5,203,600 $44,329.51 Refinance N/A
Loan   45 125 Old Gate Lane 0.5% WFB WFB $6,500,000 $6,485,849 $4,611,620 $22.86 Refinance Robert George Frahm, II
Loan   46 113-14 Owners Corp. 0.5% NCB NCB $6,350,000 $6,350,000 $6,350,000 $58,796.30 Refinance N/A
Loan   47 Lockaway Storage - Boerne 0.5% BANA BANA $6,286,000 $6,286,000 $5,744,767 $92.85 Refinance Donald Clauson; Randall Strauss
Loan   48 Whispering Ridge 0.5% WFB WFB $6,225,000 $6,225,000 $5,347,454 $89.34 Acquisition Stanley Werb; Jonathan Gaines
Loan   49 Village Square At Five Parks 0.5% WFB WFB $6,000,000 $5,990,252 $4,724,724 $149.18 Acquisition William A. Sheridan, Jr.; Geralyn G. Sheridan; William A. Sheridan, Jr., Trustee under the Gerbil Trust Agreement
Loan   50 Summit Park A 0.4% WFB WFB $5,362,500 $5,362,500 $5,362,500 $100.22 Acquisition Collins Financial, LP; Justin Laub; Jonas Levy
Loan   51 Comfort Inn - Pinehurst 0.4% BANA BANA $5,250,000 $5,221,234 $4,209,962 $67,808.23 Refinance Shri Hotels, LLC
Loan   52 Safeway-WA 0.4% WFB WFB $5,190,000 $5,190,000 $5,190,000 $108.14 Acquisition Linda Nathanson; Linda Nathanson Separate Property Trust
Loan   53 Huntsville Self Storage - Madison 0.4% BANA BANA $5,050,000 $5,050,000 $4,591,934 $60.85 Refinance Madison Storage Investors
Loan 14 54 Long Beach Storage Center 0.4% WFB WFB $5,000,000 $5,000,000 $5,000,000 $164.68 Refinance Gerardo E. Licciardi Jr.
Loan 9 55 Grand Oaks Plaza 0.4% WFB WFB $5,000,000 $4,992,201 $3,977,025 $119.43 Refinance Ravi Tulsyan
Loan 15 56 Volvo Commons 0.4% MSBNA MSMCH $4,760,000 $4,760,000 $4,239,291 $245.18 Acquisition Bond Street Advisors Group, LLC
Loan   57 155 Hill Street 0.4% WFB WFB $4,700,000 $4,680,432 $3,334,742 $26.94 Refinance Robert George Frahm, II
Loan   58 Perrysburg Market Square 0.4% MSBNA MSMCH $4,650,000 $4,650,000 $4,650,000 $300.41 Acquisition Jose Chacalo Hilu; Elias Husni Hanono
Loan   59 Mustang Square 0.4% MSBNA MSMCH $4,600,000 $4,600,000 $4,600,000 $126.06 Refinance Michael Searls
Loan 16 60 39 Forrest Street 0.4% WFB WFB $4,575,000 $4,575,000 $4,575,000 $613.27 Refinance Bruce Dorfman; Dorfman Family Trust; William W. Thompson; The William W. Thompson and Leslie Allen Thompson 2002 Revocable Trust
Loan   61 225 West Roosevelt Road 0.4% MSBNA MSMCH $4,517,000 $4,517,000 $4,517,000 $118.09 Acquisition Tomer Edry; Tal Edry
Loan   62 36 Hamilton Avenue Tenants Corp. 0.4% NCCB NCB $4,500,000 $4,500,000 $3,890,379 $38,793.10 Refinance N/A
Loan   63 Chester Hill Apartment Corporation 0.4% NCCB NCB $4,500,000 $4,500,000 $3,894,263 $43,689.32 Refinance N/A
Loan   64 759 Hillside Avenue Owners, Inc. 0.3% NCCB NCB $4,000,000 $4,000,000 $3,091,671 $26,845.64 Refinance N/A
Loan   65 Carnegie Center 0.3% MSBNA MSMCH $3,900,000 $3,900,000 $3,316,115 $198.87 Acquisition Earl Lariscy; ESN Group LLC
Loan   66 McDonough Flex 0.3% WFB WFB $3,770,000 $3,770,000 $3,426,645 $33.69 Acquisition Rose Jarboe; Michael Godin; Zhaoju Shen
Loan   67 Lexington Square Townhouses, Inc. 0.3% NCB NCB $3,114,000 $3,114,000 $2,213,108 $11,121.43 Refinance N/A
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. 0.2% NCCB NCB $2,800,000 $2,800,000 $2,800,000 $82,352.94 Refinance N/A
Loan   69 Fountain Terrace Owners, Inc. 0.2% NCB NCB $2,500,000 $2,500,000 $2,159,879 $25,252.53 Refinance N/A
Loan   70 Haven Equities, Inc. 0.2% NCB NCB $2,250,000 $2,246,167 $1,750,644 $42,380.51 Refinance N/A
Loan   71 110 Thompson St. Owners Corp. 0.2% NCCB NCB $2,250,000 $2,246,104 $1,743,288 $74,870.14 Refinance N/A
Loan   72 Americas Storage Space 0.2% MSBNA MSMCH $2,000,000 $2,000,000 $2,000,000 $41.74 Refinance Alan Lindsey; John C. Lindsey
Loan   73 Hartsdale Towers Owners Corp. 0.2% NCB NCB $1,900,000 $1,896,720 $1,473,242 $37,934.40 Refinance N/A
Loan   74 Fort Apt. Corp. 0.1% NCB NCB $1,600,000 $1,600,000 $1,242,890 $27,586.21 Refinance N/A
Loan   75 Wildwood Tenants Corporation 0.1% NCCB NCB $1,500,000 $1,497,494 $1,172,851 $37,437.34 Refinance N/A

 

A-1-1

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Non-Recourse Carveout Guarantor   No. of
Properties
General Property Type Detailed Property Type Title Type Ground Lease
Initial Lease
Expiration Date
Hotel Franchise Agreement Expiration Date Address
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3 Richard Timberger   8            
Property   1.01 1264-1270 Gerard Avenue       Multifamily Mid Rise Fee N/A N/A 1264-1270 Gerard Avenue
Property   1.02 3018 Heath Avenue       Multifamily Mid Rise Fee N/A N/A 3018 Heath Avenue
Property   1.03 1576 Taylor Avenue       Multifamily Mid Rise Fee N/A N/A 1576 Taylor Avenue
Property   1.04 1299 Grand Concourse       Multifamily Mid Rise Fee N/A N/A 1299 Grand Concourse
Property   1.05 2500 University Avenue       Multifamily Mid Rise Fee N/A N/A 2500 University Avenue
Property   1.06 2505 Aqueduct Avenue       Multifamily Mid Rise Fee N/A N/A 2505 Aqueduct Avenue
Property   1.07 2785-2791 Sedgwick Avenue       Multifamily Mid Rise Fee N/A N/A 2785-2791 Sedgwick Avenue
Property   1.08 1945 Loring Place South       Multifamily Mid Rise Fee N/A N/A 1945 Loring Place South
Loan 5 2 Bravern Office Commons Bravern Office Owner, LLC   1 Office CBD Fee N/A N/A 11025,11065 and 11155 Northeast 8th Street
Loan 5, 8 3 560 Mission Street NOP 560 Mission, LLC   1 Office CBD Fee N/A N/A 560 Mission Street
Loan 5 4 200 West 57th Street Jeffrey J. Feil   1 Office CBD Fee N/A N/A 200 West 57th Street
Loan 5, 8 5 545 Washington Boulevard HGGP Capital VIII, LLC; HGGP Capital IX, LLC; HGGP Capital X, LLC; HGGP Capital XI, LLC; HGGP Capital XII, LLC; HGGP Capital XIII, LLC; HGGP Capital XIV, LP   1 Office CBD Fee N/A N/A 545 Washington Boulevard
Loan 5 6 55 Hudson Yards N/A   1 Office CBD Fee N/A N/A 550 West 34th Street
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio Alex Fridzon; Arie Fridzon; Jose Daniel Berman   6            
Property   7.01 Residence Inn Hartford Avon       Hospitality Extended Stay Fee N/A 12/4/2034 55 Simsbury Road
Property   7.02 Holiday Inn Melbourne-Viera Conference Center       Hospitality Limited Service Fee N/A 3/14/2026 8298 North Wickham Road
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway       Hospitality Extended Stay Fee N/A 3/22/2032 9740 Commerce Center Court
Property   7.04 Comfort Inn International Drive       Hospitality Limited Service Fee N/A 8/2/2036 8134 International Drive
Property   7.05 Wyndham Garden Tallahassee Capitol       Hospitality Full Service Leasehold 12/31/2115 9/20/2032 1355 Apalachee Parkway
Property   7.06 Holiday Inn Savannah South - I-95 Gateway       Hospitality Full Service Fee N/A 3/6/2027 11 Gateway Boulevard East
Loan 5, 8 8 1633 Broadway N/A   1 Office CBD Fee N/A N/A 1633 Broadway
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino BREIT Operating Partnership L.P.   1 Hospitality Full Service Fee/Leasehold 4/27/2033 N/A 3600 South Las Vegas Boulevard
Loan 6, 7 10 F Street and K Street Office Portfolio Mitchell B. Modell; The Trust Created Under the Will of Michael S. Modell, Paragraph 6   2            
Property   10.01 1612 K Street Northwest       Office CBD Fee N/A N/A 1612 K Street Northwest
Property   10.02 1319 F Street Northwest       Office CBD Fee N/A N/A 1319 F Street Northwest
Loan   11 Marriott Richmond Dual Brand Apple Hospitality REIT, Inc.   1 Hospitality Select Service Fee N/A 12/8/2034 1320 East Cary Street
Loan 8 12 Steeples Apartments Swapnil Agarwal   1 Multifamily Garden Fee N/A N/A 2151 South Kirkwood Road
Loan   13 Coral Sky Plaza Kenneth R. Silverman   1 Retail Anchored Fee N/A N/A 500-558 State Road 7
Loan   14 Embassy Suites - Charlotte Parag Patel; Vinay Patel   1 Hospitality Full Service Fee N/A 5/31/2031 4800 South Tryon Street
Loan   15 Prince William Square ALTO Fund III Holding, LP   1 Retail Anchored Fee N/A N/A 14200 Smoketown Road
Loan   16 Pacific Plaza Tacoma Daniel R. Absher; Daniel D. Putnam   1 Office CBD Fee/Leasehold 8/1/2109 N/A 1250 Pacific Avenue
Loan 6, 9 17 OSU Hotel Portfolio Jagdeep Singh   2            
Property   17.01 Staybridge Suites - Columbus       Hospitality Extended Stay Fee N/A 9/30/2036 3125 Olentangy River Road
Property   17.02 Holiday Inn Express & Suites - Columbus       Hospitality Limited Service Fee N/A 4/30/2035 3045 Olentangy River Road
Loan   18 Residence Inn - Amelia Island WAM Residential Investments, LLC; 7140, LLC; Richard Jabara   1 Hospitality Extended Stay Fee N/A 12/13/2035 2301 Sadler Road
Loan   19 Marketfair Shopping Center Dino Tomassetti, JR.   1 Retail Anchored Fee N/A N/A 1916 Skibo Road
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio Arthur Bellini   3            
Property   20.01 74 Forsyth Street       Multifamily Mid Rise Fee N/A N/A 74 Forsyth Street
Property   20.02 104 Forsyth Street       Multifamily Mid Rise Fee N/A N/A 104 Forsyth Street
Property   20.03 72 Forsyth Street       Multifamily Mid Rise Fee N/A N/A 72 Forsyth Street
Loan 5, 6, 7 21 Giant Anchored Portfolio Leo Ullman; Robert F. Whalen, Jr.   7            
Property   21.01 Parkway Plaza       Retail Anchored Fee N/A N/A 235-295 Cumberland Parkway
Property   21.02 Aston Center       Retail Anchored Fee N/A N/A 3400 Concord Road
Property   21.03 Spring Meadow       Retail Anchored Fee N/A N/A 2104 Van Reed Road
Property   21.04 Scott Town Center       Retail Anchored Fee N/A N/A 1000 Scott Town Center
Property   21.05 Creekside Market Place       Retail Anchored Fee N/A N/A 1880 Leithsville Road
Property   21.06 Stonehedge Square       Retail Anchored Fee N/A N/A 944 Walnut Bottom Road
Property   21.07 Ayr Town Center       Retail Anchored Fee N/A N/A 360 South 2nd Street
Loan   22 Roseburg Valley Marketplace PVAM Argonaut Property Fund, L.P.   1 Retail Anchored Fee N/A N/A 1444 Northwest Garden Valley Boulevard
Loan   23 University Marketplace Michael Bellino; Stephen Bellino;  Family Trust II of Mildred G. Bellino; Family Trust II of Jennifer Bellino   1 Retail Shadow Anchored Fee N/A N/A 100 University Drive; 8140-8360 Pines Boulevard; 8398 Pines Boulevard; 8330-8384 Pines Boulevard
Loan 7, 8 24 Vesta Lofts Apartments Yoel Gluck; Yonason Greenwald   1 Multifamily Mid Rise Fee N/A N/A 2100 South Indiana Avenue
Loan   25 Courtyard - Columbia Downtown Parag Patel; Vinay Patel   1 Hospitality Select Service Fee N/A 1/31/2030 630 Assembly Street
Loan   26 West Coast Self Storage - Columbia City David Grant; Charles Barbo; Harrell Beck   1 Self Storage Self Storage Fee N/A N/A 3736 Rainier Avenue South
Loan 6 27 Southeast Retail Portfolio Herbert A. Tobin   2            
Property   27.01 Whitfield Square Shopping Center       Retail Anchored Fee N/A N/A 1203-1235 North Glenwood Avenue
Property   27.02 Mooreland Shopping Center       Retail Anchored Fee N/A N/A 2007-2019 Memorial Boulevard
Loan   28 Ayres Hotel Orange Donald B. Ayres, Jr.; The Donald B. Ayres, Jr. Living Trust Dated May 10, 1990   1 Hospitality Select Service Fee N/A N/A 200 North The City Drive
Loan   29 The Hub Shopping Center Alan Greenberg   1 Retail Unanchored Fee N/A N/A 7320, 7604 & 7610 Milwaukee Avenue
Loan   30 6410 Halsey Thomas Lebeau   1 Mixed Use Office/Industrial Fee N/A N/A 6410 Northeast Halsey Street
Loan   31 Oaktree Plaza - Denton Ron Pegram   1 Retail Shadow Anchored Fee N/A N/A 1447 South Loop 288
Loan 6, 7 32 Bradenton Cascade Office Portfolio Zvi Zaffir   4            
Property   32.01 Cascade I       Office Suburban Fee N/A N/A 130 East Wilson Bridge Road
Property   32.02 Bradenton Office       Office Suburban Fee N/A N/A 5025 Bradenton Avenue
Property   32.03 Cascade II       Office Suburban Fee N/A N/A 150 East Wilson Bridge Road
Property   32.04 Cascade V       Office Suburban Fee N/A N/A 250 East Wilson Bridge Road
Loan   33 Laurel Square VG's Children's LLC   1 Retail Anchored Fee N/A N/A 15100 & 15102 Baltimore Avenue; 207 Bowie Road
Loan   34 Easton Commons Kenneth Levy; Levy Family Trust dated February 18, 1983, As Amended   1 Retail Anchored Fee N/A N/A 2850-2920 Easton Avenue
Loan   35 Murphy Crossing Shopping Center Pecan Creek Shopping Center Dallas, TX. Limited Partnership   1 Retail Unanchored Fee N/A N/A 114, 120, 140, 160 & 170 FM 544
Loan   36 7701 & 7721 Eastchase Parkway John Young   1 Retail Anchored Fee N/A N/A 7701 and 7721 Eastchase Parkway
Loan   37 325 W. 45th Street Owners Corp. N/A   1 Multifamily Cooperative Fee N/A N/A 325-339 West 45th Street
Loan   38 Courtyard - Charlotte Matthews Parag Patel; Vinay Patel   1 Hospitality Select Service Fee N/A 2/1/2032 11425 East Independence Boulevard
Loan   39 Ayres Hotel Spa Mission Viejo Donald B. Ayres, Jr.; The Donald B. Ayres, Jr. Living Trust Dated May 10, 1990   1 Hospitality Select Service Fee N/A N/A 28951 Los Alisos Boulevard
Loan   40 Twin Fountains Plaza Kyle Miller Family 2014 Trust, William R. Wilson, III & Kyle D. Miller   1 Retail Unanchored Fee N/A N/A 9717 North Lamar Boulevard
Loan   41 18 West 25th Street Chun Hing Yung; Wai Yee Yung   1 Other Leased Fee Fee N/A N/A 18 West 25th Street
Loan   42 Music City Shopping Center Robert F. Tamaro; Therese W. Tamaro   1 Retail Unanchored Fee N/A N/A 900 Conference Drive
Loan   43 Reston Business Campus 10th Street LLC   1 Office Suburban Fee N/A N/A 12320, 12330, 12340, 12350 Pinecrest Road
Loan   44 400 East 77th Street Owners, Inc. N/A   1 Multifamily Cooperative Fee N/A N/A 400 East 77th Street
Loan   45 125 Old Gate Lane Robert George Frahm, II   1 Industrial Flex Fee N/A N/A 125 Old Gate Lane
Loan   46 113-14 Owners Corp. N/A   1 Multifamily Cooperative Fee N/A N/A 113-14 72nd Road
Loan   47 Lockaway Storage - Boerne Donald Clauson; Randall Strauss   1 Self Storage Self Storage Fee N/A N/A 1730 River Road
Loan   48 Whispering Ridge Stanley Werb; Jonathan Gaines   1 Retail Shadow Anchored Fee N/A N/A 17021 Evans Plaza
Loan   49 Village Square At Five Parks William A. Sheridan, Jr.; Geralyn G. Sheridan; William A. Sheridan, Jr., Trustee under the Gerbil Trust Agreement   1 Mixed Use Office/Retail/Residential Fee N/A N/A 13735-13777 West 85th Drive; 8560-8570 Five Parks Drive
Loan   50 Summit Park A Collins Financial, LP; Justin Laub; Jonas Levy   1 Industrial Flex Fee N/A N/A 14050 Summit Drive
Loan   51 Comfort Inn - Pinehurst Akshat A. Patel   1 Hospitality Limited Service Fee N/A 12/31/2031 9801 U.S. Highway 15-501
Loan   52 Safeway-WA Linda Nathanson; Linda Nathanson Separate Property Trust   1 Retail Single Tenant Fee N/A N/A 5702 Summitview Avenue
Loan   53 Huntsville Self Storage - Madison Aubrey Bruce Preston; D. Michele Preston   1 Self Storage Self Storage Fee N/A N/A 325 Balch Road and 9091 Madison Boulevard
Loan 14 54 Long Beach Storage Center Gerardo E. Licciardi Jr.   1 Mixed Use Self Storage/Office Fee N/A N/A 1700 Santa Fe Avenue
Loan 9 55 Grand Oaks Plaza Ravi Tulsyan   1 Retail Unanchored Fee N/A N/A 5737 West Irlo Bronson Memorial Highway
Loan 15 56 Volvo Commons Michael D. Reynolds; The Michael D. Reynolds Revocable Trust   1 Retail Unanchored Fee N/A N/A 1116 & 1124 Volvo Parkway
Loan   57 155 Hill Street Robert George Frahm, II   1 Industrial Flex Fee N/A N/A 155 Hill Street
Loan   58 Perrysburg Market Square Jose Chacalo Hilu; Elias Husni Hanono   1 Retail Shadow Anchored Fee N/A N/A 10411 Fremont Pike
Loan   59 Mustang Square Michael Searls   1 Retail Unanchored Fee N/A N/A 3105 IRA East Woods Avenue
Loan 16 60 39 Forrest Street Bruce Dorfman; Dorfman Family Trust; William W. Thompson; The William W. Thompson and Leslie Allen Thompson 2002 Revocable Trust   1 Office Suburban Fee N/A N/A 78 East Blithedale Avenue
Loan   61 225 West Roosevelt Road Tomer Edry; Tal Edry   1 Retail Unanchored Fee N/A N/A 225 West Roosevelt Road
Loan   62 36 Hamilton Avenue Tenants Corp. N/A   1 Multifamily Cooperative Fee N/A N/A 36 Hamilton Avenue
Loan   63 Chester Hill Apartment Corporation N/A   1 Multifamily Cooperative Fee N/A N/A 395 Westchester Avenue
Loan   64 759 Hillside Avenue Owners, Inc. N/A   1 Multifamily Cooperative Fee N/A N/A 757 and 759 Hillside Avenue, 110, 128 and 130 Virginia Road and 1- 35 Lawrence Drive
Loan   65 Carnegie Center Earl Lariscy   1 Retail Unanchored Fee N/A N/A 2520 West Horizon Ridge Parkway
Loan   66 McDonough Flex Rose Jarboe; Michael Godin; Zhaoju Shen   1 Industrial Flex Fee N/A N/A 1461 - 1477 Highway 20 West
Loan   67 Lexington Square Townhouses, Inc. N/A   1 Multifamily Cooperative Fee N/A N/A 1625 Conley Road
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. N/A   1 Multifamily Cooperative Fee N/A N/A 214 Clinton Street a/k/a 147 Pacific Street
Loan   69 Fountain Terrace Owners, Inc. N/A   1 Multifamily Cooperative Fee N/A N/A 735 Avenue W
Loan   70 Haven Equities, Inc. N/A   1 Multifamily Cooperative Fee N/A N/A 62-76 Haven Avenue
Loan   71 110 Thompson St. Owners Corp. N/A   1 Multifamily Cooperative Fee N/A N/A 110-112 Thompson Street
Loan   72 Americas Storage Space Alan Lindsey; John C. Lindsey   1 Self Storage Self Storage Fee N/A N/A 2206 Fayetteville Road & 1221 Rockingham Road
Loan   73 Hartsdale Towers Owners Corp. N/A   1 Multifamily Cooperative Fee N/A N/A 1-11 Columbia Avenue
Loan   74 Fort Apt. Corp. N/A   1 Multifamily Cooperative Fee N/A N/A 8502 Fort Hamilton Parkway
Loan   75 Wildwood Tenants Corporation N/A   1 Multifamily Cooperative Fee N/A N/A 2 Wildwood Road

 

A-1-2

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name City County State Zip Code Year Built Year Renovated Size Units of
Measure
Occupancy Rate(2) Occupancy Rate
As-of Date
Appraised
Value
Appraised Value
As-of Date
  Mortgage
Rate
Administrative
Fee Rate(3)
Master Servicing
Fee Rate
Primary Servicing
Fee Rate
Pari Passu
Loan Primary Servicing
Fee Rate
Trustee
Fee Rate
Trust Advisor
Fee Rate
Asset Representations Reviewer Fee Rate CREFC
Fee Rate
Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3             526 Units 99.4%   $114,000,000     3.6350% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Property   1.01 1264-1270 Gerard Avenue Bronx Bronx NY 10452 1927 N/A 108 Units 99.1% 1/1/2020 $22,600,000 12/11/2019                          
Property   1.02 3018 Heath Avenue Bronx Bronx NY 10463 1927 N/A 86 Units 100.0% 1/1/2020 $16,200,000 12/4/2019                          
Property   1.03 1576 Taylor Avenue Bronx Bronx NY 10460 1929 N/A 71 Units 100.0% 1/1/2020 $16,000,000 12/4/2019                          
Property   1.04 1299 Grand Concourse Bronx Bronx NY 10452 1922 N/A 66 Units 100.0% 1/1/2020 $15,400,000 12/4/2019                          
Property   1.05 2500 University Avenue Bronx Bronx NY 10468 1922 N/A 57 Units 100.0% 1/1/2020 $12,800,000 12/4/2019                          
Property   1.06 2505 Aqueduct Avenue Bronx Bronx NY 10468 1928 N/A 48 Units 97.9% 1/1/2020 $12,700,000 12/4/2019                          
Property   1.07 2785-2791 Sedgwick Avenue Bronx Bronx NY 10468 1928 N/A 48 Units 97.9% 1/1/2020 $9,800,000 12/4/2019                          
Property   1.08 1945 Loring Place South Bronx Bronx NY 10453 1927 N/A 42 Units 100.0% 1/1/2020 $8,500,000 12/11/2019                          
Loan 5 2 Bravern Office Commons Bellevue King WA 98004 2009 N/A 749,694 SF 100.0% 3/1/2020 $605,000,000 11/18/2019   3.2033% 0.01321% 0.00250% 0.00000% 0.00250% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan 5, 8 3 560 Mission Street San Francisco San Francisco CA 94105 2002 N/A 668,149 SF 98.4% 10/31/2019 $842,000,000 10/31/2019   2.5890% 0.01196% 0.00250% 0.00000% 0.00125% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 3 No
Loan 5 4 200 West 57th Street New York New York NY 10019 1917 2007-2008 171,395 SF 95.1% 11/27/2019 $185,000,000 12/4/2019   3.5200% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan 5, 8 5 545 Washington Boulevard Jersey City Hudson NJ 07310 2001 N/A 866,706 SF 95.5% 8/1/2019 $410,000,000 10/16/2019   3.4050% 0.01321% 0.00250% 0.00000% 0.00250% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan 5 6 55 Hudson Yards New York New York NY 10001 2018 N/A 1,431,212 SF 97.3% 11/19/2019 $2,400,000,000 10/15/2019   2.9500% 0.01196% 0.00250% 0.00000% 0.00125% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 3 No
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio             708 Rooms 72.6%   $73,000,000     3.9160% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Property   7.01 Residence Inn Hartford Avon Avon Hartford CT 06001 2004 2018 100 Rooms 73.3% 9/30/2019 $14,700,000 10/1/2020                          
Property   7.02 Holiday Inn Melbourne-Viera Conference Center Melbourne Brevard FL 32940 1987 2018 128 Rooms 73.4% 9/30/2019 $13,500,000 10/1/2019                          
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway Fort Myers Lee FL 33908 2009 2019 120 Rooms 68.2% 9/30/2019 $12,200,000 10/1/2019                          
Property   7.04 Comfort Inn International Drive Orlando Orange FL 32817 1999 2016 112 Rooms 86.8% 9/30/2019 $11,500,000 10/1/2019                          
Property   7.05 Wyndham Garden Tallahassee Capitol Tallahassee Leon FL 32301 1969 2000 148 Rooms 62.1% 9/30/2019 $11,200,000 10/1/2019                          
Property   7.06 Holiday Inn Savannah South - I-95 Gateway Savannah Chatham GA 31419 1999 2016 100 Rooms 71.9% 9/30/2019 $7,000,000 10/1/2019                          
Loan 5, 8 8 1633 Broadway New York New York NY 10019 1972 2013 2,561,512 SF 98.4% 10/31/2019 $2,400,000,000 10/24/2019   2.9900% 0.01196% 0.00250% 0.00000% 0.00125% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 3 No
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino Las Vegas Clark NV 89109 1997 2019 3,933 Rooms 94.8% 9/30/2019 $4,260,000,000 10/16/2019   3.1702% 0.01196% 0.00250% 0.00000% 0.00125% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 3 No
Loan 6, 7 10 F Street and K Street Office Portfolio             124,667 SF 92.0%   $49,200,000     3.6220% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Property   10.01 1612 K Street Northwest Washington District of Columbia DC 20006 1958 2005 72,356 SF 87.0% 1/1/2020 $28,000,000 12/18/2019                          
Property   10.02 1319 F Street Northwest Washington District of Columbia DC 20004 1912 1981 52,311 SF 99.0% 1/1/2020 $21,200,000 12/18/2019                          
Loan   11 Marriott Richmond Dual Brand Richmond Richmond City VA 23219 2014 N/A 210 Rooms 80.3% 12/31/2019 $56,200,000 12/2/2019   3.4000% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan 8 12 Steeples Apartments Houston Harris TX 77077 1982 2017 409 Units 88.8% 11/30/2019 $40,600,000 11/15/2019   3.8900% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   13 Coral Sky Plaza Royal Palm Beach Palm Beach FL 33411 1999-2001 N/A 232,727 SF 95.6% 9/16/2019 $39,800,000 12/2/2019   3.7250% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   14 Embassy Suites - Charlotte Charlotte Mecklenburg NC 28217 1989 2016 274 Rooms 76.1% 12/31/2019 $54,000,000 11/1/2019   3.4550% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   15 Prince William Square Woodbridge Prince William VA 22192 1986 2008 232,957 SF 88.4% 11/1/2019 $38,600,000 11/26/2019   3.4030% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   16 Pacific Plaza Tacoma Tacoma Pierce WA 98402 2010 N/A 104,871 SF 98.1% 12/20/2019 $36,700,000 11/19/2019   3.5420% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan 6, 9 17 OSU Hotel Portfolio             190 Rooms 79.9%   $35,100,000     3.7700% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Property   17.01 Staybridge Suites - Columbus Columbus Franklin OH 43202 2016 N/A 90 Rooms 82.4% 11/30/2019 $17,600,000 11/7/2019                          
Property   17.02 Holiday Inn Express & Suites - Columbus Columbus Franklin OH 43202 2010 2019 100 Rooms 77.6% 11/30/2019 $17,500,000 12/1/2020                          
Loan   18 Residence Inn - Amelia Island Fernandina Beach Nassau FL 32034 2009 2016 133 Rooms 83.3% 9/30/2019 $31,700,000 9/16/2019   4.2360% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   19 Marketfair Shopping Center Fayetteville Cumberland NC 28314 1986 2018 219,601 SF 97.0% 12/31/2019 $36,590,000 11/15/2019   3.5300% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio             56 Units 100.0%   $28,800,000     3.6000% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Property   20.01 74 Forsyth Street New York New York NY 10002 1900 N/A 20 Units 100.0% 1/1/2020 $10,200,000 12/10/2019                          
Property   20.02 104 Forsyth Street New York New York NY 10002 1900 N/A 20 Units 100.0% 1/1/2020 $10,100,000 12/10/2019                          
Property   20.03 72 Forsyth Street New York New York NY 10002 1900 N/A 16 Units 100.0% 1/1/2020 $8,500,000 12/10/2019                          
Loan 5, 6, 7 21 Giant Anchored Portfolio             548,482 SF 97.5%   $130,500,000     3.8700% 0.01196% 0.00250% 0.00000% 0.00125% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 3 No
Property   21.01 Parkway Plaza Mechanicsburg Cumberland PA 17055 1998 N/A 111,028 SF 98.9% 9/1/2019 $24,200,000 10/1/2019                          
Property   21.02 Aston Center Aston Delaware PA 19014 2005 N/A 55,000 SF 100.0% 9/1/2019 $20,700,000 10/1/2019                          
Property   21.03 Spring Meadow Reading Berks PA 19609 2004 2019 77,050 SF 100.0% 9/1/2019 $22,400,000 10/1/2019                          
Property   21.04 Scott Town Center Bloomsburg Columbia PA 17815 2004 N/A 67,923 SF 97.6% 9/1/2019 $18,200,000 10/1/2019                          
Property   21.05 Creekside Market Place Hellertown Northampton PA 18055 2001 N/A 90,804 SF 94.6% 9/1/2019 $18,000,000 10/1/2019                          
Property   21.06 Stonehedge Square Carlisle Cumberland PA 17015 1990 2005 88,677 SF 97.1% 9/1/2019 $16,000,000 10/1/2019                          
Property   21.07 Ayr Town Center McConnellsburg Fulton PA 17233 2005 N/A 58,000 SF 94.5% 9/1/2019 $11,000,000 10/1/2019                          
Loan   22 Roseburg Valley Marketplace Roseburg Douglas OR 97471 1980 2017 220,023 SF 95.3% 12/1/2019 $24,900,000 12/2/2019   3.5140% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   23 University Marketplace Pembroke Pines Broward FL 33024 1990-1991 2019 125,604 SF 99.0% 12/16/2019 $24,300,000 11/21/2019   3.7800% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan 7, 8 24 Vesta Lofts Apartments Chicago Cook IL 60616 1914 2013 60 Units 98.3% 1/29/2020 $27,250,000 1/2/2020   3.7500% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   25 Courtyard - Columbia Downtown Columbia Richland SC 29201 1969 2017 189 Rooms 69.6% 12/31/2019 $34,000,000 11/1/2019   3.4250% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   26 West Coast Self Storage - Columbia City Seattle King WA 98144 2014 N/A 64,689 SF 91.1% 11/30/2019 $21,500,000 11/20/2019   3.5595% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan 6 27 Southeast Retail Portfolio             236,766 SF 98.7%   $16,400,000     3.9320% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Property   27.01 Whitfield Square Shopping Center Dalton Whitfield GA 30721 1980 2018 151,816 SF 97.9% 1/1/2020 $11,325,000 12/1/2020                          
Property   27.02 Mooreland Shopping Center Springfield Robertson TN 37172 1977 N/A 84,950 SF 100.0% 1/1/2020 $5,075,000 12/6/2019                          
Loan   28 Ayres Hotel Orange Orange Orange CA 92868 2014 N/A 138 Rooms 79.4% 12/31/2019 $23,700,000 11/8/2019   3.3200% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   29 The Hub Shopping Center Lubbock Lubbock TX 79424 2014-2016 N/A 50,196 SF 91.6% 1/20/2020 $15,100,000 11/22/2019   4.2000% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   30 6410 Halsey Portland Multnomah OR 97213 1969 2008 63,303 SF 100.0% 3/1/2020 $16,000,000 12/4/2019   3.9080% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   31 Oaktree Plaza - Denton Denton Denton TX 76205 1998 N/A 69,251 SF 98.0% 1/15/2020 $14,200,000 11/10/2019   3.8750% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan 6, 7 32 Bradenton Cascade Office Portfolio             207,917 SF 83.4%   $14,420,000     4.0140% 0.05071% 0.00250% 0.04000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 3 No
Property   32.01 Cascade I Worthington Franklin OH 43085 1977 N/A 59,114 SF 93.8% 12/2/2019 $4,280,000 10/24/2019                          
Property   32.02 Bradenton Office Dublin Franklin OH 43017 1995 N/A 40,846 SF 85.7% 12/2/2019 $3,540,000 10/24/2019                          
Property   32.03 Cascade II Worthington Franklin OH 43085 1978 N/A 61,462 SF 76.1% 12/2/2019 $3,480,000 10/24/2019                          
Property   32.04 Cascade V Worthington Franklin OH 43085 1979 N/A 46,495 SF 78.0% 12/2/2019 $3,120,000 10/24/2019                          
Loan   33 Laurel Square Laurel Prince George's MD 20707 1962 2005 28,379 SF 100.0% 11/1/2019 $18,900,000 11/19/2019   3.2300% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   34 Easton Commons Bethlehem Northampton PA 18020 1963 2018 168,668 SF 86.0% 10/31/2019 $13,800,000 8/13/2019   3.9740% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   35 Murphy Crossing Shopping Center Murphy Collin TX 75094 1999 N/A 43,894 SF 86.2% 1/1/2020 $14,600,000 11/4/2019   4.0030% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   36 7701 & 7721 Eastchase Parkway Montgomery Montgomery AL 36117 2019 N/A 65,000 SF 100.0% 1/7/2020 $14,000,000 12/10/2019   3.6800% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   37 325 W. 45th Street Owners Corp. New York New York NY 10036 1923 2014 215 Units 96.0% 12/9/2019 $108,600,000 12/9/2019   3.3200% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   38 Courtyard - Charlotte Matthews Matthews Mecklenburg NC 28105 1997 2017-2018 121 Rooms 69.0% 10/31/2019 $15,000,000 11/1/2019   3.4250% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   39 Ayres Hotel Spa Mission Viejo Mission Viejo Orange CA 92692 2009 2018 90 Rooms 77.9% 12/31/2019 $13,700,000 11/12/2019   3.3200% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   40 Twin Fountains Plaza Austin Travis TX 78753 1984 N/A 46,124 SF 100.0% 11/30/2019 $12,000,000 11/22/2019   4.1200% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   41 18 West 25th Street New York New York NY 10010 1920 1987 101 Rooms 100.0% 10/15/2019 $15,000,000 9/17/2019   3.8570% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   42 Music City Shopping Center Goodlettsville Davidson TN 37072 1983 2016 78,105 SF 95.8% 8/1/2019 $10,100,000 8/23/2019   3.9830% 0.04321% 0.00250% 0.03250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   43 Reston Business Campus Reston Fairfax VA 20191 1986 N/A 82,606 SF 94.9% 1/8/2020 $13,300,000 10/14/2019   3.5300% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   44 400 East 77th Street Owners, Inc. New York New York NY 10075 1962 1999 152 Units 95.3% 10/29/2019 $115,730,000 10/29/2019   3.1300% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   45 125 Old Gate Lane Milford New Haven CT 06460 1940 2000 283,696 SF 65.9% 10/10/2019 $19,650,000 11/12/2019   3.5360% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   46 113-14 Owners Corp. Forest Hills Queens NY 11375 1940 2004 108 Units 98.0% 12/17/2019 $56,075,000 12/17/2019   3.3400% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   47 Lockaway Storage - Boerne Boerne Kendall TX 78006 2008 N/A 67,700 SF 91.2% 10/31/2019 $8,980,000 11/8/2019   4.3180% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   48 Whispering Ridge Omaha Douglas NE 68116 2008 2019 69,676 SF 95.7% 11/1/2019 $8,300,000 11/14/2019   3.6350% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   49 Village Square At Five Parks Arvada Jefferson CO 80005 2002-2005 2019 40,155 SF 90.9% 1/16/2020 $12,140,000 12/9/2019   3.6900% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   50 Summit Park A Austin Travis TX 78728 1985 2018 53,509 SF 94.2% 11/1/2019 $8,480,000 11/18/2019   3.6990% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   51 Comfort Inn - Pinehurst Pinehurst Moore NC 28374 1996 2016 77 Rooms 76.1% 9/30/2019 $8,200,000 10/1/2019   4.1930% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 4 No
Loan   52 Safeway-WA Yakima Yakima WA 98908 1981 2006 47,995 SF 100.0% 3/1/2020 $8,440,000 12/11/2019   4.0800% 0.07071% 0.00250% 0.06000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   53 Huntsville Self Storage - Madison Madison Madison AL 35758 2002 2018 82,996 SF 90.4% 10/31/2019 $8,150,000 9/18/2019   4.0100% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan 14 54 Long Beach Storage Center Long Beach Los Angeles CA 90813 1951 2017 30,361 SF 95.0% 11/12/2019 $7,900,000 11/12/2019   4.0550% 0.04321% 0.00250% 0.03250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan 9 55 Grand Oaks Plaza Kissimmee Osceola FL 34746 1992 2016-2019 41,801 SF 87.8% 12/26/2019 $8,500,000 1/1/2020   3.9660% 0.07071% 0.00250% 0.06000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan 15 56 Volvo Commons Chesapeake Chesapeake VA 23320 2018 N/A 19,414 SF 100.0% 12/1/2019 $6,600,000 12/4/2019   4.1200% 0.08071% 0.00250% 0.07000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   57 155 Hill Street Milford New Haven CT 06460 1956 1998/2012 173,723 SF 95.0% 1/8/2020 $15,000,000 11/12/2019   3.5360% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   58 Perrysburg Market Square Perrysburg Wood OH 43551 2018 N/A 15,479 SF 100.0% 1/17/2020 $7,160,000 12/10/2019   3.7300% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   59 Mustang Square Grapevine Tarrant TX 76051 1996 N/A 36,490 SF 100.0% 12/4/2019 $8,700,000 11/14/2019   3.6300% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan 16 60 39 Forrest Street Mill Valley Marin CA 94941 1929 2005 7,460 SF 100.0% 12/6/2019 $6,820,000 11/18/2019   3.9840% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   61 225 West Roosevelt Road Villa Park DuPage IL 60181 1974 2018-2019 38,250 SF 100.0% 11/1/2019 $7,250,000 8/14/2019   3.7500% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   62 36 Hamilton Avenue Tenants Corp. Staten Island Richmond NY 10301 1963 2016 116 Units 97.0% 11/13/2019 $25,930,000 11/13/2019   3.3100% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   63 Chester Hill Apartment Corporation Port Chester Westchester NY 10573 1969 2014 103 Units 94.9% 1/8/2020 $13,085,000 1/8/2020   3.3400% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   64 759 Hillside Avenue Owners, Inc. White Plains Westchester NY 10603 1950 2007 149 Units 95.6% 11/25/2019 $22,300,000 11/25/2019   3.1900% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   65 Carnegie Center Henderson Clark NV 89052 2004 N/A 19,611 SF 93.8% 12/10/2019 $5,600,000 11/8/2019   4.2600% 0.06321% 0.00250% 0.05250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 2 No
Loan   66 McDonough Flex McDonough Henry GA 30253 1985 N/A 111,908 SF 100.0% 1/7/2020 $5,825,000 11/21/2019   3.9870% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   67 Lexington Square Townhouses, Inc. Conley Clayton GA 30288 1972 2009-2019 280 Units 91.0% 12/19/2019 $11,450,000 12/19/2019   3.5700% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. Brooklyn Kings NY 11201 1895 2012 34 Units 95.0% 10/16/2019 $20,000,000 10/16/2019   3.3600% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   69 Fountain Terrace Owners, Inc. Brooklyn Kings NY 11223 1962 2018 99 Units 98.0% 1/10/2020 $28,860,000 1/10/2020   3.2900% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   70 Haven Equities, Inc. New York New York NY 10019 1923 2009 53 Units 97.0% 11/13/2019 $31,200,000 11/13/2019   3.3700% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   71 110 Thompson St. Owners Corp. New York New York NY 10012 1900 2011 30 Units 95.0% 12/27/2019 $13,400,000 12/27/2019   3.2600% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   72 Americas Storage Space Rockingham Richmond NC 28379 1983; 2000 2016 47,910 SF 91.0% 10/31/2019 $3,570,000 11/25/2019   4.2600% 0.01321% 0.00250% 0.00250% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   73 Hartsdale Towers Owners Corp. Hartsdale Westchester NY 10530 1928 2005 50 Units 95.1% 12/12/2019 $9,600,000 12/12/2019   3.2800% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No
Loan   74 Fort Apt. Corp. Brooklyn Kings NY 11209 1934 2018 58 Units 95.0% 1/10/2020 $16,720,000 1/10/2020   3.3200% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 0 No
Loan   75 Wildwood Tenants Corporation Hartsdale Westchester NY 10530 1956 2006 40 Units 94.0% 10/9/2019 $8,700,000 10/9/2019   3.5000% 0.08821% 0.08000% 0.00000% 0.00000% 0.00642% 0.00108% 0.00021% 0.00050% Actual/360 1 No

 

A-1-3

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name 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
Final Maturity
Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)
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)
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3 120 120 120 120 0 0 2/7/2020 4/1/2020 N/A 3/1/2030 N/A $0.00 $235,502.56 $0.00 $2,826,030.72 Springing Springing No Group 1 N/A 2.12x
Property   1.01 1264-1270 Gerard Avenue                                          
Property   1.02 3018 Heath Avenue                                          
Property   1.03 1576 Taylor Avenue                                          
Property   1.04 1299 Grand Concourse                                          
Property   1.05 2500 University Avenue                                          
Property   1.06 2505 Aqueduct Avenue                                          
Property   1.07 2785-2791 Sedgwick Avenue                                          
Property   1.08 1945 Loring Place South                                          
Loan 5 2 Bravern Office Commons 84 82 84 82 0 0 12/19/2019 2/11/2020 N/A 1/11/2027 N/A $0.00 $202,986.89 $0.00 $2,435,842.68 Hard In Place No N/A N/A 4.71x
Loan 5, 8 3 560 Mission Street 120 117 120 117 0 0 12/5/2019 1/6/2020 N/A 12/6/2029 N/A $0.00 $153,122.57 $0.00 $1,837,470.84 Hard Springing No N/A N/A 5.42x
Loan 5 4 200 West 57th Street 120 118 120 118 0 0 12/30/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $208,185.19 $0.00 $2,498,222.28 Hard Springing No N/A N/A 2.11x
Loan 5, 8 5 545 Washington Boulevard 120 119 120 119 0 0 1/6/2020 3/5/2020 N/A 2/5/2030 N/A $0.00 $172,614.58 $0.00 $2,071,374.96 Springing Springing No N/A N/A 2.56x
Loan 5 6 55 Hudson Yards 120 117 120 117 0 0 11/21/2019 1/6/2020 N/A 12/6/2029 N/A $0.00 $141,323.44 $0.00 $1,695,881.28 Hard Springing No N/A N/A 3.68x
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio 120 118 12 10 360 360 12/4/2019 2/1/2020 2/1/2021 1/1/2030 N/A $226,840.95 $158,815.56 2,722,091.40 $1,905,786.72 Hard Springing No N/A 2.24x 3.20x
Property   7.01 Residence Inn Hartford Avon                                          
Property   7.02 Holiday Inn Melbourne-Viera Conference Center                                          
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway                                          
Property   7.04 Comfort Inn International Drive                                          
Property   7.05 Wyndham Garden Tallahassee Capitol                                          
Property   7.06 Holiday Inn Savannah South - I-95 Gateway                                          
Loan 5, 8 8 1633 Broadway 120 117 120 117 0 0 11/25/2019 1/6/2020 N/A 12/6/2029 N/A $0.00 $101,050.93 $0.00 $1,212,611.16 Hard Springing No N/A N/A 3.93x
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino 120 117 120 117 0 0 11/15/2019 1/5/2020 N/A 12/5/2029 N/A $0.00 $93,747.00 $0.00 $1,124,964.00 Hard Springing No N/A N/A 8.80x
Loan 6, 7 10 F Street and K Street Office Portfolio 120 120 120 120 0 0 2/4/2020 4/1/2020 N/A 3/1/2030 N/A $0.00 $95,479.94 $0.00 $1,145,759.28 Hard Springing No N/A N/A 2.27x
Property   10.01 1612 K Street Northwest                                          
Property   10.02 1319 F Street Northwest                                          
Loan   11 Marriott Richmond Dual Brand 120 120 0 0 360 360 2/12/2020 4/11/2020 N/A 3/11/2030 N/A $132,600.89 $0.00 1,591,210.68 $0 Springing Springing No N/A 3.01x N/A
Loan 8 12 Steeples Apartments 120 118 120 118 0 0 12/20/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $93,013.32 $0.00 $1,116,159.84 Springing Springing No N/A N/A 1.95x
Loan   13 Coral Sky Plaza 120 119 120 119 0 0 1/17/2020 3/1/2020 N/A 2/1/2030 N/A $0.00 $82,222.69 $0.00 $986,672.28 Springing Springing No N/A N/A 2.74x
Loan   14 Embassy Suites - Charlotte 120 118 120 118 0 0 12/6/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $74,438.45 $0.00 $893,261.40 Springing Springing No Group 2 N/A 5.60x
Loan   15 Prince William Square 84 83 84 83 0 0 1/28/2020 3/1/2020 N/A 2/1/2027 N/A $0.00 $71,880.50 $0.00 $862,566.00 Springing Springing No N/A N/A 3.41x
Loan   16 Pacific Plaza Tacoma 120 119 120 119 0 0 1/15/2020 3/1/2020 N/A 2/1/2030 N/A $0.00 $69,579.39 $0.00 $834,952.68 Springing Springing No N/A N/A 2.82x
Loan 6, 9 17 OSU Hotel Portfolio 120 119 0 0 360 359 1/16/2020 3/1/2020 N/A 2/1/2030 N/A $106,777.78 $0.00 1,281,333.36 $0.00 Hard Springing No N/A 2.62x N/A
Property   17.01 Staybridge Suites - Columbus                                          
Property   17.02 Holiday Inn Express & Suites - Columbus                                          
Loan   18 Residence Inn - Amelia Island 120 119 0 0 360 359 1/21/2020 3/1/2020 N/A 2/1/2030 N/A $108,537.66 $0.00 1,302,451.92 $0.00 Hard Springing No N/A 2.02x N/A
Loan   19 Marketfair Shopping Center 120 118 36 34 360 360 12/20/2019 2/1/2020 2/1/2023 1/1/2030 N/A $90,144.20 $59,650.46 1,081,730.40 $715,805.52 Springing Springing No N/A 2.65x 4.01x
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio 120 120 120 120 0 0 2/6/2020 4/1/2020 N/A 3/1/2030 N/A $0.00 $59,312.50 $0.00 $711,750.00 Springing Springing No Group 1 N/A 1.85x
Property   20.01 74 Forsyth Street                                          
Property   20.02 104 Forsyth Street                                          
Property   20.03 72 Forsyth Street                                          
Loan 5, 6, 7 21 Giant Anchored Portfolio 120 117 60 57 360 360 11/19/2019 1/6/2020 1/6/2025 12/6/2029 N/A $86,940.96 $60,491.15 1,043,291.52 $725,893.80 Springing Springing No N/A 1.61x 2.32x
Property   21.01 Parkway Plaza                                          
Property   21.02 Aston Center                                          
Property   21.03 Spring Meadow                                          
Property   21.04 Scott Town Center                                          
Property   21.05 Creekside Market Place                                          
Property   21.06 Stonehedge Square                                          
Property   21.07 Ayr Town Center                                          
Loan   22 Roseburg Valley Marketplace 120 119 60 59 360 360 1/29/2020 3/1/2020 3/1/2025 2/1/2030 N/A $80,968.78 $53,442.08 971,625.36 $641,304.96 Springing Springing No N/A 2.02x 3.06x
Loan   23 University Marketplace 120 120 24 24 360 360 2/19/2020 4/1/2020 4/1/2022 3/1/2030 N/A $76,927.64 $52,856.56 923,131.68 $634,278.72 Springing Springing No N/A 1.94x 2.82x
Loan 7, 8 24 Vesta Lofts Apartments 120 119 120 119 0 0 1/29/2020 3/1/2020 N/A 2/1/2030 N/A $0.00 $52,278.65 $0.00 $627,343.80 Soft Springing No N/A N/A 1.89x
Loan   25 Courtyard - Columbia Downtown 120 118 120 118 0 0 12/6/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $43,407.12 $0.00 $520,885.44 Springing Springing No Group 2 N/A 6.24x
Loan   26 West Coast Self Storage - Columbia City 120 118 120 118 0 0 12/23/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $41,502.78 $0.00 $498,033.36 Springing Springing No N/A N/A 2.30x
Loan 6 27 Southeast Retail Portfolio 120 119 0 0 360 359 1/28/2020 3/11/2020 N/A 2/11/2030 N/A $56,820.40 $0.00 681,844.80 $0 Springing Springing No N/A 2.05x N/A
Property   27.01 Whitfield Square Shopping Center                                          
Property   27.02 Mooreland Shopping Center                                          
Loan   28 Ayres Hotel Orange 120 120 0 0 300 300 2/19/2020 4/1/2020 N/A 3/1/2030 N/A $57,449.57 $0.00 689,394.84 $0 Springing Springing No Group 3 3.56x N/A
Loan   29 The Hub Shopping Center 120 119 0 0 360 359 1/30/2020 3/1/2020 N/A 2/1/2030 N/A $55,381.19 $0.00 664,574.28 $0 Springing Springing No N/A 1.55x N/A
Loan   30 6410 Halsey 120 118 120 118 0 0 12/31/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $35,990.69 $0.00 $431,888.28 Springing Springing No N/A N/A 2.23x
Loan   31 Oaktree Plaza - Denton 120 119 0 0 360 359 1/21/2020 3/11/2020 N/A 2/11/2030 N/A $50,080.25 $0.00 600,963.00 $0 Springing Springing No N/A 1.64x N/A
Loan 6, 7 32 Bradenton Cascade Office Portfolio 120 117 0 0 360 357 12/11/2019 1/11/2020 N/A 12/11/2029 N/A $49,256.94 $0.00 591,083.28 $0 Springing Springing No N/A 2.01x N/A
Property   32.01 Cascade I                                          
Property   32.02 Bradenton Office                                          
Property   32.03 Cascade II                                          
Property   32.04 Cascade V                                          
Loan   33 Laurel Square 120 120 120 120 0 0 2/4/2020 4/1/2020 N/A 3/1/2030 N/A $0.00 $27,563.41 $0.00 $330,760.92 Springing Springing No N/A N/A 3.87x
Loan   34 Easton Commons 120 119 0 0 360 359 1/31/2020 3/1/2020 N/A 2/1/2030 N/A $46,996.86 $0.00 563,962.32 $0 Springing Springing No N/A 1.79x N/A
Loan   35 Murphy Crossing Shopping Center 120 119 36 35 360 360 1/10/2020 3/1/2020 3/1/2023 2/1/2030 N/A $45,370.89 $32,130.56 544,450.68 $385,566.72 Springing Springing No N/A 1.72x 2.43x
Loan   36 7701 & 7721 Eastchase Parkway 120 120 120 120 0 0 2/13/2020 4/1/2020 N/A 3/1/2030 N/A $0.00 $28,294.26 $0.00 $339,531.12 Springing Springing No N/A N/A 2.52x
Loan   37 325 W. 45th Street Owners Corp. 120 119 120 119 0 0 1/31/2020 3/1/2020 N/A 2/1/2030 N/A 0 $23,004.56 $0.00 $276,054.72 N/A N/A No N/A N/A 7.39x
Loan   38 Courtyard - Charlotte Matthews 120 118 120 118 0 0 12/6/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $23,150.46 $0.00 $277,805.52 Springing Springing No Group 2 N/A 4.76x
Loan   39 Ayres Hotel Spa Mission Viejo 120 120 0 0 300 300 2/19/2020 4/1/2020 N/A 3/1/2030 N/A $38,545.22 $0.00 462,542.64 $0 Springing Springing No Group 3 2.80x N/A
Loan   40 Twin Fountains Plaza 120 118 120 118 0 0 12/23/2019 2/1/2020 N/A 1/1/2030 N/A $0.00 $27,038.81 $0.00 $324,465.72 Springing Springing No N/A N/A 2.37x
Loan   41 18 West 25th Street 120 119 0 0 360 359 1/31/2020 3/1/2020 N/A 2/1/2030 N/A $35,190.61 $0.00 422,287.32 $0.00 Springing Springing No N/A 1.57x N/A
Loan   42 Music City Shopping Center 120 118 24 22 360 360 12/20/2019 2/11/2020 2/11/2022 1/11/2030 N/A $35,127.61 $24,812.11 421,531.32 $297,745.32 Springing Springing No N/A 1.77x 2.51x
Loan   43 Reston Business Campus 120 119 120 119 0 0 1/21/2020 3/11/2020 N/A 2/11/2030 N/A $0.00 $21,772.42 $0.00 $261,269.04 N/A N/A No N/A N/A 4.52x
Loan   44 400 East 77th Street Owners, Inc. 120 119 0 0 360 359 1/31/2020 3/1/2020 N/A 2/1/2030 N/A $28,933.71 0 347,204.52 $0 N/A N/A No N/A 8.71x N/A
Loan   45 125 Old Gate Lane 120 119 0 0 300 299 1/16/2020 3/11/2020 N/A 2/11/2030 N/A $32,666.16 $0.00 391,993.92 $0 Springing Springing No Group 4 3.18x N/A
Loan   46 113-14 Owners Corp. 120 120 120 120 0 0 2/7/2020 4/1/2020 N/A 3/1/2030 N/A 0 $17,919.64 $0.00 $215,035.68 N/A N/A No N/A N/A 6.93x
Loan   47 Lockaway Storage - Boerne 120 118 60 58 360 360 12/17/2019 2/1/2020 2/1/2025 1/1/2030 N/A $31,174.09 $22,933.28 374,089.08 $275,199.36 Springing Springing No N/A 1.50x 2.04x
Loan   48 Whispering Ridge 120 119 36 35 360 360 1/21/2020 3/11/2020 3/11/2023 2/11/2030 N/A $28,424.24 $19,118.46 341,090.88 $229,421.52 Springing Springing No N/A 2.16x 3.22x
Loan   49 Village Square At Five Parks 120 119 0 0 360 359 1/15/2020 3/11/2020 N/A 2/11/2030 N/A $27,583.05 $0.00 330,996.60 $0 Springing Springing No N/A 1.84x N/A
Loan   50 Summit Park A 120 118 120 118 0 0 1/6/2020 2/11/2020 N/A 1/11/2030 N/A $0.00 $16,759.49 $0.00 $201,113.88 N/A N/A No N/A N/A 3.00x
Loan   51 Comfort Inn - Pinehurst 120 116 0 0 360 356 11/1/2019 12/1/2019 N/A 11/1/2029 N/A $25,651.96 $0.00 307,823.52 $0.00 Hard Springing No N/A 2.55x N/A
Loan   52 Safeway-WA 120 119 120 119 0 0 2/4/2020 3/11/2020 N/A 2/11/2030 N/A $0.00 $17,891.08 $0.00 $214,692.96 Hard Springing No N/A N/A 1.97x
Loan   53 Huntsville Self Storage - Madison 120 118 60 58 360 360 12/17/2019 2/1/2020 2/1/2025 1/1/2030 N/A $24,138.60 $17,109.80 289,663.20 $205,317.60 Springing Springing No N/A 1.82x 2.57x
Loan 14 54 Long Beach Storage Center 120 118 120 118 0 0 12/26/2019 2/11/2020 N/A 1/11/2030 N/A $0.00 $17,130.50 $0.00 $205,566.00 Springing Springing No N/A N/A 2.26x
Loan 9 55 Grand Oaks Plaza 120 119 0 0 360 359 1/23/2020 3/11/2020 N/A 2/11/2030 N/A $23,772.86 $0.00 285,274.32 $0 N/A N/A No N/A 1.84x N/A
Loan 15 56 Volvo Commons 120 119 48 47 360 360 1/17/2020 3/1/2020 3/1/2024 2/1/2030 N/A $23,055.50 $16,569.65 276,666.00 $198,835.80 Springing Springing No N/A 1.70x 2.36x
Loan   57 155 Hill Street 120 118 0 0 300 298 1/7/2020 2/11/2020 N/A 1/11/2030 N/A $23,620.15 $0.00 283,441.80 $0 Springing Springing No Group 4 4.51x N/A
Loan   58 Perrysburg Market Square 120 120 120 120 0 0 2/4/2020 4/1/2020 N/A 3/1/2030 N/A $0.00 $14,654.50 $0.00 $175,854.00 Springing Springing No N/A N/A 2.65x
Loan   59 Mustang Square 120 119 120 119 0 0 1/21/2020 3/1/2020 N/A 2/1/2030 N/A $0.00 $14,108.26 $0.00 $169,299.12 Springing Springing No N/A N/A 3.57x
Loan 16 60 39 Forrest Street 120 119 120 119 0 0 1/24/2020 3/11/2020 N/A 2/11/2030 N/A $0.00 $15,399.96 $0.00 $184,799.52 Springing Springing No N/A N/A 2.15x
Loan   61 225 West Roosevelt Road 120 120 120 120 0 0 2/14/2020 4/1/2020 N/A 3/1/2030 N/A $0.00 $14,311.68 $0.00 $171,740.16 Springing Springing No N/A N/A 2.87x
Loan   62 36 Hamilton Avenue Tenants Corp. 120 120 0 0 480 480 2/5/2020 4/1/2020 N/A 3/1/2030 N/A $16,923.54 0 203,082.48 $0 N/A N/A No N/A 7.59x N/A
Loan   63 Chester Hill Apartment Corporation 120 120 0 0 480 480 2/6/2020 4/1/2020 N/A 3/1/2030 N/A $17,003.42 0 204,041.04 $0 N/A N/A No N/A 5.56x N/A
Loan   64 759 Hillside Avenue Owners, Inc. 120 120 0 0 360 360 2/6/2020 4/1/2020 N/A 3/1/2030 N/A $17,276.80 0 207,321.60 $0 N/A N/A No N/A 6.81x N/A
Loan   65 Carnegie Center 120 118 24 22 360 360 12/30/2019 2/1/2020 2/1/2022 1/1/2030 N/A $19,208.49 $14,037.29 230,501.88 $168,447.48 Springing Springing No N/A 1.79x 2.45x
Loan   66 McDonough Flex 120 119 60 59 360 360 1/13/2020 3/11/2020 3/11/2025 2/11/2030 N/A $17,970.31 $12,699.79 215,643.72 $152,397.48 N/A N/A No N/A 2.19x 3.10x
Loan   67 Lexington Square Townhouses, Inc. 120 120 0 0 300 300 2/3/2020 4/1/2020 N/A 3/1/2030 N/A $15,706.57 0 188,478.84 $0 N/A N/A No N/A 6.45x N/A
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. 120 119 120 119 0 0 1/22/2020 3/1/2020 N/A 2/1/2030 N/A 0 $7,948.89 $0.00 $95,386.68 N/A N/A No N/A N/A 6.81x
Loan   69 Fountain Terrace Owners, Inc. 120 120 0 0 480 480 2/7/2020 4/1/2020 N/A 3/1/2030 N/A $9,372.44 0 112,469.28 $0 N/A N/A No N/A 12.10x N/A
Loan   70 Haven Equities, Inc. 120 119 0 0 360 359 1/22/2020 3/1/2020 N/A 2/1/2030 N/A $9,940.94 0 119,291.28 $0 N/A N/A No N/A 9.17x N/A
Loan   71 110 Thompson St. Owners Corp. 120 119 0 0 360 359 1/31/2020 3/1/2020 N/A 2/1/2030 N/A $9,804.50 0 117,654.00 $0 N/A N/A No N/A 4.59x N/A
Loan   72 Americas Storage Space 120 119 120 119 0 0 1/17/2020 3/1/2020 N/A 2/1/2030 N/A $0.00 $7,198.61 $0.00 $86,383.32 Springing Springing No N/A N/A 2.44x
Loan   73 Hartsdale Towers Owners Corp. 120 119 0 0 360 359 1/30/2020 3/1/2020 N/A 2/1/2030 N/A $8,300.24 0 99,602.88 $0 N/A N/A No N/A 5.29x N/A
Loan   74 Fort Apt. Corp. 120 120 0 0 360 360 2/5/2020 4/1/2020 N/A 3/1/2030 N/A $7,024.92 0 84,299.04 $0 N/A N/A No N/A 7.07x N/A
Loan   75 Wildwood Tenants Corporation 120 119 0 0 360 359 1/31/2020 3/1/2020 N/A 2/1/2030 N/A $6,735.67 0 80,828.04 $0 N/A N/A No N/A 5.60x N/A

 

A-1-4

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name 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
  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
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3 N/A 2.06x 67.3% 67.3% 5 5 First LO(24);DEF(89);O(7)     $7,882,604 $2,318,368 $5,564,236 12/31/2017 7.3% $8,366,018 $2,605,960 $5,760,058 12/31/2018 7.5%
Property   1.01 1264-1270 Gerard Avenue                     $1,710,393 $627,123 $1,083,270 12/31/2017   $1,802,755 $713,022 $1,089,733 12/31/2018  
Property   1.02 3018 Heath Avenue                     $1,208,605 $336,994 $871,611 12/31/2017   $1,248,679 $343,228 $905,451 12/31/2018  
Property   1.03 1576 Taylor Avenue                     $994,690 $258,336 $736,354 12/31/2017   $1,091,555 $296,420 $795,135 12/31/2018  
Property   1.04 1299 Grand Concourse                     $1,042,979 $254,960 $788,019 12/31/2017   $1,064,363 $261,909 $802,454 12/31/2018  
Property   1.05 2500 University Avenue                     $795,903 $212,129 $583,774 12/31/2017   $848,603 $241,126 $607,477 12/31/2018  
Property   1.06 2505 Aqueduct Avenue                     $798,841 $195,706 $603,135 12/31/2017   $863,537 $249,764 $613,773 12/31/2018  
Property   1.07 2785-2791 Sedgwick Avenue                     $688,525 $179,143 $509,382 12/31/2017   $772,614 $205,079 $567,535 12/31/2018  
Property   1.08 1945 Loring Place South                     $642,668 $253,977 $388,691 12/31/2017   $673,912 $295,412 $378,500 12/31/2018  
Loan 5 2 Bravern Office Commons N/A 4.53x 37.7% 37.7% 0 0 Eleventh LO(26);YM1(53);O(5) A   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan 5, 8 3 560 Mission Street N/A 5.23x 35.6% 35.6% 5 0 Sixth LO(27);DEF/YM1(86);O(7) B   $42,356,897 $11,585,462 $30,771,436 12/31/2017 10.3% $49,571,805 $11,702,280 $37,869,525 12/31/2018 12.6%
Loan 5 4 200 West 57th Street N/A 1.93x 62.2% 62.2% 5 5 First LO(26);DEF(89);O(5)     $13,289,530 $5,430,733 $7,858,797 12/31/2017 6.8% $13,575,282 $5,759,005 $7,816,277 12/31/2018 6.8%
Loan 5, 8 5 545 Washington Boulevard N/A 2.50x 61.4% 61.4% 0 0 Fifth LO(25);DEF(88);O(7)     $35,023,625 $15,195,753 $19,827,872 12/31/2017 7.9% $36,347,783 $14,521,925 $21,825,858 12/31/2018 8.7%
Loan 5 6 55 Hudson Yards N/A 3.54x 39.4% 39.4% 0 0 Sixth LO(27);DEF/YM1(86);O(7) C   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio 1.89x 2.70x 64.4% 52.5% 0 0 First LO(26);DEF(90);O(4)     N/A N/A N/A N/A N/A $19,421,381 $13,822,179 $5,599,202 12/31/2018 11.7%
Property   7.01 Residence Inn Hartford Avon                     N/A N/A N/A N/A   $3,782,956 $2,431,679 $1,351,277 12/31/2018  
Property   7.02 Holiday Inn Melbourne-Viera Conference Center                     N/A N/A N/A N/A   $4,581,205 $3,379,020 $1,202,185 12/31/2018  
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway                     N/A N/A N/A N/A   $2,591,283 $1,596,556 $994,727 12/31/2018  
Property   7.04 Comfort Inn International Drive                     N/A N/A N/A N/A   $3,353,520 $2,418,944 $934,576 12/31/2018  
Property   7.05 Wyndham Garden Tallahassee Capitol                     N/A N/A N/A N/A   $2,491,299 $1,957,915 $533,384 12/31/2018  
Property   7.06 Holiday Inn Savannah South - I-95 Gateway                     N/A N/A N/A N/A   $2,621,118 $2,038,065 $583,053 12/31/2018  
Loan 5, 8 8 1633 Broadway N/A 3.84x 41.7% 41.7% 0 0 Sixth LO(27);DEF(86);O(7)     $159,464,803 $65,274,796 $94,190,007 12/31/2017 9.4% $179,219,236 $70,120,786 $109,098,450 12/31/2018 10.9%
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino N/A 8.42x 39.3% 39.3% 0 0 Fifth YM0.5(27);DEF/YM0.5(86);O(7) D   $1,365,570,769 $859,834,535 $505,736,234 12/31/2017 30.2% $1,367,835,267 $877,969,225 $489,866,042 12/31/2018 29.2%
Loan 6, 7 10 F Street and K Street Office Portfolio N/A 2.08x 63.4% 63.4% 0 4 First LO(24);DEF(92);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Property   10.01 1612 K Street Northwest                     N/A N/A N/A N/A   N/A N/A N/A N/A  
Property   10.02 1319 F Street Northwest                     N/A N/A N/A N/A   N/A N/A N/A N/A  
Loan   11 Marriott Richmond Dual Brand 2.73x N/A 53.2% 41.5% 0 0 Eleventh LO(24);YM1(89);O(7) E   $11,202,700 $6,080,140 $5,122,560 12/31/2017 17.1% $11,153,270 $6,103,880 $5,049,390 12/31/2018 16.9%
Loan 8 12 Steeples Apartments N/A 1.85x 69.7% 69.7% 5 5 First LO(23);YM1(92);O(5) F   $3,844,032 $1,564,058 $2,279,974 12/31/2017 8.1% $3,821,535 $1,664,878 $2,156,658 12/31/2018 7.6%
Loan   13 Coral Sky Plaza N/A 2.47x 65.6% 65.6% 0 5 First LO(25);DEF(90);O(5)     $4,012,076 $1,225,988 $2,786,088 6/30/2018 TTM 10.7% $3,980,625 $1,222,252 $2,758,373 6/30/2019 TTM 10.6%
Loan   14 Embassy Suites - Charlotte N/A 4.96x 47.2% 47.2% 0 0 First LO(26);DEF(90);O(4)     $12,453,072 $8,703,382 $3,749,690 12/31/2017 14.7% $13,205,183 $8,730,833 $4,474,350 12/31/2018 17.5%
Loan   15 Prince William Square N/A 3.07x 64.8% 64.8% 5 5 First LO(25);DEF(54);O(5)     $3,074,452 $774,017 $2,300,434 12/31/2017 9.2% $3,378,249 $886,000 $2,492,249 12/31/2018 10.0%
Loan   16 Pacific Plaza Tacoma N/A 2.62x 63.4% 63.4% 0 4 First LO(25);DEF(91);O(4)     $3,554,270 $984,207 $2,570,063 12/31/2017 11.1% $3,594,300 $975,491 $2,618,809 12/31/2018 11.3%
Loan 6, 9 17 OSU Hotel Portfolio 2.40x N/A 65.4% 51.8% 0 0 First LO(25);DEF(89);O(6)     $6,411,069 $3,387,484 $3,023,585 12/31/2017 13.2% $6,777,010 $3,922,805 $2,854,205 12/31/2018 12.4%
Property   17.01 Staybridge Suites - Columbus                     $2,655,616 $1,427,895 $1,227,721 12/31/2017   $3,360,279 $1,750,148 $1,610,131 12/31/2018  
Property   17.02 Holiday Inn Express & Suites - Columbus                     $3,755,453 $1,959,589 $1,795,864 12/31/2017   $3,416,731 $2,172,657 $1,244,074 12/31/2018  
Loan   18 Residence Inn - Amelia Island 1.82x N/A 69.6% 56.0% 0 5 First LO(25);DEF(91);O(4)     $6,141,381 $3,696,749 $2,444,632 12/31/2017 11.1% $6,184,375 $3,759,642 $2,424,733 12/31/2018 11.0%
Loan   19 Marketfair Shopping Center 2.43x 3.67x 54.7% 46.8% 0 5 First LO(26);DEF(90);O(4)     $2,580,802 $701,282 $1,879,520 12/31/2017 9.4% $2,695,422 $694,041 $2,001,381 12/31/2018 10.0%
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio N/A 1.83x 67.7% 67.7% 5 5 First LO(24);DEF(89);O(7)     $1,623,544 $408,041 $1,215,503 12/31/2017 6.2% $1,630,783 $497,648 $1,133,135 12/31/2018 5.8%
Property   20.01 74 Forsyth Street                     $521,122 $134,382 $386,740 12/31/2017   $522,078 $160,929 $361,149 12/31/2018  
Property   20.02 104 Forsyth Street                     $565,417 $142,990 $422,427 12/31/2017   $573,053 $185,754 $387,299 12/31/2018  
Property   20.03 72 Forsyth Street                     $537,005 $130,669 $406,336 12/31/2017   $535,652 $150,965 $384,687 12/31/2018  
Loan 5, 6, 7 21 Giant Anchored Portfolio 1.52x 2.18x 74.3% 67.4% 0 0 Sixth LO(27);DEF(89);O(4)     $11,358,993 $2,380,082 $8,978,911 12/31/2017 9.3% $11,416,288 $2,381,601 $9,034,687 12/31/2018 9.3%
Property   21.01 Parkway Plaza                     $2,093,667 $491,194 $1,602,472 12/31/2017   $2,158,853 $496,485 $1,662,368 12/31/2018  
Property   21.02 Aston Center                     $1,453,499 $61,595 $1,391,904 12/31/2017   $1,453,772 $62,879 $1,390,893 12/31/2018  
Property   21.03 Spring Meadow                     $2,222,465 $576,251 $1,646,214 12/31/2017   $1,988,772 $567,830 $1,420,942 12/31/2018  
Property   21.04 Scott Town Center                     $1,526,868 $312,346 $1,214,522 12/31/2017   $1,584,679 $274,937 $1,309,742 12/31/2018  
Property   21.05 Creekside Market Place                     $1,546,022 $422,642 $1,123,380 12/31/2017   $1,626,691 $431,457 $1,195,234 12/31/2018  
Property   21.06 Stonehedge Square                     $1,442,620 $307,503 $1,135,116 12/31/2017   $1,546,193 $327,849 $1,218,344 12/31/2018  
Property   21.07 Ayr Town Center                     $1,073,853 $208,550 $865,303 12/31/2017   $1,057,327 $220,163 $837,164 12/31/2018  
Loan   22 Roseburg Valley Marketplace 1.81x 2.75x 72.3% 65.2% 5 4 First LO(25);DEF(90);O(5)     $1,760,211 $766,721 $993,490 12/31/2016 5.5% $1,830,081 $611,873 $1,218,208 12/31/2017 6.8%
Loan   23 University Marketplace 1.79x 2.61x 68.1% 57.2% 0 5 First LO(24);DEF(91);O(5)     $1,128,057 $522,084 $605,973 12/31/2017 3.7% $2,489,721 $835,176 $1,654,545 12/31/2018 10.0%
Loan 7, 8 24 Vesta Lofts Apartments N/A 1.85x 60.6% 60.6% 5 4 First LO(25);YM1(91);O(4) G   $1,524,251 $437,531 $1,086,720 12/31/2017 6.6% $1,466,174 $496,189 $969,985 12/31/2018 5.9%
Loan   25 Courtyard - Columbia Downtown N/A 5.64x 44.1% 44.1% 0 0 First LO(26);DEF(90);O(4)     $7,719,055 $4,997,103 $2,721,952 12/31/2017 18.1% $7,579,881 $4,949,455 $2,630,426 12/31/2018 17.5%
Loan   26 West Coast Self Storage - Columbia City N/A 2.28x 64.2% 64.2% 5 4 First LO(26);YM1(87);O(7) H   $1,330,391 $402,453 $927,938 12/31/2017 6.7% $1,492,934 $436,368 $1,056,566 12/31/2018 7.7%
Loan 6 27 Southeast Retail Portfolio 1.85x N/A 73.1% 58.1% 0 0 Eleventh LO(25);DEF(91);O(4)     $1,445,094 $339,126 $1,105,968 12/31/2017 9.2% $1,450,874 $389,332 $1,061,542 12/31/2018 8.9%
Property   27.01 Whitfield Square Shopping Center                     $890,186 $179,972 $710,214 12/31/2017   $835,270 $221,730 $613,540 12/31/2018  
Property   27.02 Mooreland Shopping Center                     $554,908 $159,154 $395,754 12/31/2017   $615,604 $167,602 $448,002 12/31/2018  
Loan   28 Ayres Hotel Orange 3.23x N/A 49.4% 34.7% 5 5 First LO(23);YM1(93);O(4) I   $5,367,618 $2,893,930 $2,473,688 12/31/2017 21.1% $5,520,995 $3,033,641 $2,487,354 12/31/2018 21.3%
Loan   29 The Hub Shopping Center 1.46x N/A 74.9% 60.2% 0 5 First LO(25);DEF(90);O(5)     $959,790 $287,407 $672,383 12/31/2017 5.9% $1,019,993 $357,433 $662,560 12/31/2018 5.9%
Loan   30 6410 Halsey N/A 2.19x 68.1% 68.1% 5 4 First LO(26);DEF(89);O(5)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   31 Oaktree Plaza - Denton 1.60x N/A 74.9% 59.5% 0 0 Eleventh LO(25);DEF(91);O(4)     $948,674 $416,241 $532,434 12/31/2017 5.0% $1,021,055 $413,466 $607,589 12/31/2018 5.7%
Loan 6, 7 32 Bradenton Cascade Office Portfolio 1.74x N/A 71.1% 56.9% 0 0 Eleventh LO(27);DEF(89);O(4)     $2,843,324 $1,568,808 $1,274,516 12/31/2017 12.4% $2,704,763 $1,780,776 $923,987 12/31/2018 9.0%
Property   32.01 Cascade I                     $986,128 $497,363 $488,765 12/31/2017   $922,069 $546,995 $375,074 12/31/2018  
Property   32.02 Bradenton Office                     $319,807 $219,096 $100,711 12/31/2017   $406,967 $293,224 $113,743 12/31/2018  
Property   32.03 Cascade II                     $911,391 $464,515 $446,876 12/31/2017   $743,734 $521,857 $221,877 12/31/2018  
Property   32.04 Cascade V                     $625,998 $387,834 $238,164 12/31/2017   $631,993 $418,700 $213,293 12/31/2018  
Loan   33 Laurel Square N/A 3.69x 53.4% 53.4% 5 5 First LO(24);DEF(91);O(5)     $1,577,009 $247,139 $1,329,870 12/31/2017 13.2% $1,697,267 $286,389 $1,410,877 12/31/2018 14.0%
Loan   34 Easton Commons 1.63x N/A 71.4% 56.9% 5 5 First LO(25);DEF(91);O(4)     $1,448,888 $613,440 $835,448 12/31/2017 8.5% $1,684,759 $677,800 $1,006,959 12/31/2018 10.2%
Loan   35 Murphy Crossing Shopping Center 1.58x 2.23x 65.1% 56.4% 5 4 First LO(25);DEF(90);O(5)     $1,480,415 $469,289 $1,011,126 12/31/2017 10.6% $1,595,188 $540,068 $1,055,120 12/31/2018 11.1%
Loan   36 7701 & 7721 Eastchase Parkway N/A 2.35x 65.0% 65.0% 5 5 First LO(23);YM1(92);O(5) J   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   37 325 W. 45th Street Owners Corp. N/A 7.27x 7.6% 7.6% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   38 Courtyard - Charlotte Matthews N/A 4.22x 53.3% 53.3% 0 0 First LO(26);DEF(90);O(4)     $3,509,482 $2,055,810 $1,453,672 12/31/2017 18.2% $3,832,630 $2,387,678 $1,444,952 12/31/2018 18.1%
Loan   39 Ayres Hotel Spa Mission Viejo 2.52x N/A 57.3% 40.3% 5 5 First LO(23);YM1(93);O(4) L   $3,262,477 $1,638,877 $1,623,600 12/31/2017 20.7% $3,346,176 $1,822,922 $1,523,254 12/31/2018 19.4%
Loan   40 Twin Fountains Plaza N/A 2.21x 64.7% 64.7% 5 5 First LO(26);DEF(89);O(5)     $1,118,243 $312,021 $806,222 12/31/2017 10.4% $1,141,403 $327,425 $813,978 12/31/2018 10.5%
Loan   41 18 West 25th Street 1.57x N/A 49.9% 39.6% 5 4 First LO(25);YM1(91);O(4) M   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   42 Music City Shopping Center 1.61x 2.29x 73.0% 61.6% 0 0 Eleventh LO(26);DEF(90);O(4)     $879,042 $276,517 $602,525 12/31/2017 8.2% $970,397 $322,972 $647,425 12/31/2018 8.8%
Loan   43 Reston Business Campus N/A 4.21x 54.9% 54.9% 0 0 Eleventh LO(25);DEF(91);O(4)     $1,325,938 $551,712 $774,226 12/31/2017 10.6% $1,380,956 $547,272 $833,684 12/31/2018 11.4%
Loan   44 400 East 77th Street Owners, Inc. 8.59x N/A 5.8% 4.5% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   45 125 Old Gate Lane 2.81x N/A 33.0% 23.5% 0 0 Eleventh LO(25);DEF(91);O(4)     $2,599,825 $672,197 $1,927,628 12/31/2017 29.7% $2,458,983 $714,034 $1,744,949 12/31/2018 26.9%
Loan   46 113-14 Owners Corp. N/A 6.79x 11.3% 11.3% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   47 Lockaway Storage - Boerne 1.47x 2.00x 70.0% 64.0% 5 4 First LO(26);YM1(90);O(4) N   $701,248 $230,199 $471,049 12/31/2017 7.5% $738,842 $228,128 $510,714 12/31/2018 8.1%
Loan   48 Whispering Ridge 1.88x 2.79x 75.0% 64.4% 5 0 Eleventh LO(25);DEF(90);O(5)     $434,417 $454,554 -$20,137 12/31/2017 -0.3% $643,721 $484,093 $159,628 12/31/2018 2.6%
Loan   49 Village Square At Five Parks 1.71x N/A 49.3% 38.9% 0 0 Eleventh LO(25);DEF(91);O(4)     $680,975 $279,409 $401,566 12/31/2017 6.7% $711,754 $293,508 $418,246 12/31/2018 7.0%
Loan   50 Summit Park A N/A 2.84x 63.2% 63.2% 0 0 Eleventh LO(26);DEF(90);O(4)     $390,303 $159,560 $230,742 12/31/2017 T-4 Ann. 4.3% $483,374 $164,505 $318,869 12/31/2018 5.9%
Loan   51 Comfort Inn - Pinehurst 2.31x N/A 63.7% 51.3% 5 4 First LO(28);DEF(85);O(7)     $689,712 $466,353 $223,359 12/31/2017 T-6 Ann. 4.3% $1,703,726 $1,020,123 $683,603 12/31/2018 13.1%
Loan   52 Safeway-WA N/A 1.90x 61.5% 61.5% 0 0 Eleventh LO(25);DEF(91);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   53 Huntsville Self Storage - Madison 1.78x 2.51x 62.0% 56.3% 5 4 First LO(26);DEF(90);O(4)     $674,124 $267,437 $406,687 12/31/2017 8.1% $707,250 $239,863 $467,387 12/31/2018 9.3%
Loan 14 54 Long Beach Storage Center N/A 2.24x 63.3% 63.3% 0 0 Eleventh LO(26);YM1(90);O(4) O   $456,011 $291,885 $164,125 12/31/2017 3.3% $708,726 $349,081 $359,645 12/31/2018 7.2%
Loan 9 55 Grand Oaks Plaza 1.76x N/A 58.7% 46.8% 0 0 Eleventh LO(25);DEF(88);O(7)     $638,607 $160,340 $478,267 12/31/2017 9.6% $682,419 $202,280 $480,139 12/31/2018 9.6%
Loan 15 56 Volvo Commons 1.67x 2.32x 72.1% 64.2% 5 5 First LO(25);DEF(90);O(5)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   57 155 Hill Street 4.10x N/A 31.2% 22.2% 0 0 Eleventh LO(26);DEF(90);O(4)     $1,024,909 $295,791 $729,118 12/31/2017 15.6% $1,142,506 $337,735 $804,771 12/31/2018 17.2%
Loan   58 Perrysburg Market Square N/A 2.46x 64.9% 64.9% 5 5 First LO(24);DEF(92);O(4)     N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   59 Mustang Square N/A 3.33x 52.9% 52.9% 5 5 First LO(25);DEF(91);O(4)     $831,779 $263,280 $568,499 12/31/2017 12.4% $820,052 $260,304 $559,748 12/31/2018 12.2%
Loan 16 60 39 Forrest Street N/A 2.10x 67.1% 67.1% 0 0 Eleventh LO(25);DEF(91);O(4)     $457,040 $86,902 $370,138 12/31/2017 8.1% $481,493 $93,622 $387,871 12/31/2018 8.5%
Loan   61 225 West Roosevelt Road N/A 2.64x 62.3% 62.3% 5 5 First LO(24);DEF(92);O(4)     N/A N/A N/A N/A N/A $269,833 $125,183 $144,650 12/31/2018 3.2%
Loan   62 36 Hamilton Avenue Tenants Corp. 7.38x N/A 17.4% 15.0% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   63 Chester Hill Apartment Corporation 5.43x N/A 34.4% 29.8% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   64 759 Hillside Avenue Owners, Inc. 6.65x N/A 17.9% 13.9% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   65 Carnegie Center 1.67x 2.28x 69.6% 59.2% 5 5 First LO(23);YM1(92);O(5) P   $363,703 $55,945 $307,757 12/31/2017 7.9% $375,696 $39,679 $336,017 12/31/2018 8.6%
Loan   66 McDonough Flex 2.09x 2.95x 64.7% 58.8% 0 0 Eleventh LO(25);DEF(88);O(7)     $658,742 $301,899 $356,843 12/31/2017 9.5% $647,299 $318,657 $328,642 12/31/2018 8.7%
Loan   67 Lexington Square Townhouses, Inc. 5.86x N/A 27.2% 19.3% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. N/A 6.66x 14.0% 14.0% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   69 Fountain Terrace Owners, Inc. 11.88x N/A 8.7% 7.5% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   70 Haven Equities, Inc. 9.06x N/A 7.2% 5.6% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   71 110 Thompson St. Owners Corp. 4.48x N/A 16.8% 13.0% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   72 Americas Storage Space N/A 2.36x 56.0% 56.0% 5 5 First LO(25);DEF(91);O(4)     $253,749 $115,290 $138,459 12/31/2017 6.9% $283,538 $114,819 $168,719 12/31/2018 8.4%
Loan   73 Hartsdale Towers Owners Corp. 5.16x N/A 19.8% 15.3% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   74 Fort Apt. Corp. 6.89x N/A 9.6% 7.4% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Loan   75 Wildwood Tenants Corporation 5.44x N/A 17.2% 13.5% 10 10 First YM1(113);1%(3);O(4) K   N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

 

A-1-5

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Most
 Recent Revenues
Most
 Recent Expenses
Most
Recent NOI
Most
Recent
NOI Date
Most
Recent NOI
Debt Yield
Underwritten
Occupancy Rate
Underwritten
Effective Gross Income
Underwritten Total
Expenses
Underwritten NOI Underwritten NOI Debt Yield Underwritten
Replacement
Reserves
Underwritten
TI/LC
Underwritten NCF Underwritten NCF Debt Yield   Largest Tenant
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3 $8,628,632 $2,678,010 $5,950,622 12/31/2019 7.8% 98.0% $8,720,400 $2,733,446 $5,986,954 7.8% $152,466 $0 $5,834,488 7.6%    
Property   1.01 1264-1270 Gerard Avenue $1,785,531 $721,651 $1,063,880 12/31/2019   98.0% $1,829,593 $651,911 $1,177,682   $35,951 $0 $1,141,731     N/A
Property   1.02 3018 Heath Avenue $1,308,029 $377,318 $930,711 12/31/2019   98.0% $1,306,083 $406,687 $899,397   $21,500 $0 $877,897     N/A
Property   1.03 1576 Taylor Avenue $1,131,034 $292,088 $838,946 12/31/2019   98.0% $1,141,205 $321,962 $819,243   $20,730 $0 $798,513     N/A
Property   1.04 1299 Grand Concourse $1,135,621 $286,797 $848,824 12/31/2019   98.0% $1,129,602 $310,842 $818,760   $18,380 $0 $800,380     N/A
Property   1.05 2500 University Avenue $883,818 $243,993 $639,825 12/31/2019   98.0% $896,921 $250,001 $646,921   $14,250 $0 $632,671     N/A
Property   1.06 2505 Aqueduct Avenue $902,991 $233,776 $669,215 12/31/2019   98.0% $946,919 $272,863 $674,056   $12,000 $0 $662,056     N/A
Property   1.07 2785-2791 Sedgwick Avenue $775,422 $207,650 $567,772 12/31/2019   98.0% $758,769 $229,473 $529,296   $19,155 $0 $510,141     N/A
Property   1.08 1945 Loring Place South $706,186 $314,737 $391,449 12/31/2019   98.0% $711,308 $289,708 $421,599   $10,500 $0 $411,099     N/A
Loan 5 2 Bravern Office Commons N/A N/A N/A N/A N/A 95.0% $45,378,942 $10,520,202 $34,858,740 15.3% $187,424 $1,122,150 $33,549,166 14.7%   Microsoft Corporation
Loan 5, 8 3 560 Mission Street $50,792,721 $12,479,248 $38,313,473 9/30/2019 TTM 12.8% 96.0% $54,738,187 $12,064,089 $42,674,098 14.2% $133,630 $1,336,298 $41,204,170 13.7%   JP Morgan
Loan 5 4 200 West 57th Street $13,330,921 $5,850,837 $7,480,084 9/30/2019 TTM 6.5% 92.4% $15,147,994 $6,494,957 $8,653,037 7.5% $46,388 $671,802 $7,934,848 6.9%   The St. Luke's Roosevelt Hospital
Loan 5, 8 5 545 Washington Boulevard $34,118,594 $13,706,753 $20,411,841 11/30/2019 TTM 8.1% 100.0% $34,549,509 $12,284,114 $22,265,395 8.8% $173,341 $408,579 $21,683,475 8.6%   Insurance Services Office, Inc.
Loan 5 6 55 Hudson Yards N/A N/A N/A N/A N/A 96.4% $149,111,008 $45,210,677 $103,900,331 11.0% $286,242 $3,578,030 $100,036,059 10.6%   Point72
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio $20,997,948 $14,737,510 $6,260,438 9/30/2019 TTM 13.0% 72.6% $20,997,948 $14,903,044 $6,094,904 13.0% $947,049 $0 $5,147,855 11.0%    
Property   7.01 Residence Inn Hartford Avon $4,289,151 $2,684,902 $1,604,249 9/30/2019 TTM   73.3% $4,289,151 $2,756,437 $1,532,714   $171,566 $0 $1,361,148     N/A
Property   7.02 Holiday Inn Melbourne-Viera Conference Center $4,723,298 $3,430,312 $1,292,986 9/30/2019 TTM   73.4% $4,723,298 $3,447,598 $1,275,700   $188,932 $0 $1,086,768     N/A
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway $2,518,919 $1,697,366 $821,553 9/30/2019 TTM   68.2% $2,518,919 $1,734,352 $784,567   $100,757 $0 $683,810     N/A
Property   7.04 Comfort Inn International Drive $3,247,939 $2,519,727 $728,212 9/30/2019 TTM   86.8% $3,247,939 $2,511,031 $736,908   $129,918 $0 $606,990     N/A
Property   7.05 Wyndham Garden Tallahassee Capitol $3,548,344 $2,316,468 $1,231,876 9/30/2019 TTM   62.1% $3,548,344 $2,339,740 $1,208,604   $249,064 $0 $959,540     N/A
Property   7.06 Holiday Inn Savannah South - I-95 Gateway $2,670,297 $2,088,735 $581,562 9/30/2019 TTM   71.9% $2,670,297 $2,113,886 $556,411   $106,812 $0 $449,599     N/A
Loan 5, 8 8 1633 Broadway $182,760,348 $71,951,033 $110,809,315 9/30/2019 TTM 11.1% 95.4% $190,585,947 $71,435,784 $119,150,163 11.9% $461,072 $2,011,364 $116,677,727 11.7%   Allianz Asset Mgmt of America
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino $1,349,062,464 $874,997,149 $474,065,315 9/30/2019 TTM 28.3% 94.8% $1,349,062,464 $874,997,149 $474,065,315 28.3% $20,235,937 $0 $453,829,378 27.1%   N/A
Loan 6, 7 10 F Street and K Street Office Portfolio $4,655,428 $2,139,223 $2,516,205 12/31/2019 8.1% 91.9% $4,744,296 $2,146,598 $2,597,698 8.3% $24,933 $186,779 $2,385,986 7.6%    
Property   10.01 1612 K Street Northwest $2,686,836 $1,228,550 $1,458,286 12/31/2019   86.9% $2,628,161 $1,240,945 $1,387,216   $14,471 $108,406 $1,264,339     CAIR
Property   10.02 1319 F Street Northwest $1,968,592 $910,673 $1,057,919 12/31/2019   99.0% $2,116,135 $905,653 $1,210,482   $10,462 $78,373 $1,121,647     First Book
Loan   11 Marriott Richmond Dual Brand $11,180,053 $6,377,205 $4,802,849 12/31/2019 16.1% 80.3% $11,180,053 $6,386,110 $4,793,943 16.0% $447,202 $0 $4,346,741 14.5%   N/A
Loan 8 12 Steeples Apartments $3,778,947 $1,577,830 $2,201,117 10/31/2019 TTM 7.8% 85.9% $3,778,947 $1,604,885 $2,174,062 7.7% $109,203 $0 $2,064,859 7.3%   N/A
Loan   13 Coral Sky Plaza $3,928,281 $1,226,747 $2,701,534 10/31/2019 TTM 10.3% 90.2% $4,057,541 $1,354,011 $2,703,530 10.3% $37,267 $230,608 $2,435,655 9.3%   BJ'S Wholesale Club
Loan   14 Embassy Suites - Charlotte $14,247,852 $9,404,028 $4,843,824 12/31/2019 19.0% 76.1% $14,247,852 $9,248,699 $4,999,153 19.6% $569,914 $0 $4,429,239 17.4%   N/A
Loan   15 Prince William Square $3,006,822 $851,532 $2,155,290 9/30/2019 T-9 Ann. 8.6% 83.2% $3,968,580 $1,027,741 $2,940,839 11.8% $39,603 $249,264 $2,651,972 10.6%   Ashley Furniture Homestore
Loan   16 Pacific Plaza Tacoma $3,653,704 $936,129 $2,717,575 10/31/2019 YTD 11.7% 89.8% $3,342,333 $984,577 $2,357,756 10.1% $25,198 $145,805 $2,186,753 9.4%   Office of the Attorney General
Loan 6, 9 17 OSU Hotel Portfolio $7,110,056 $3,650,785 $3,459,271 11/30/2019 TTM 15.1% 80.0% $7,110,056 $3,749,152 $3,360,904 14.6% $284,402 $0 $3,076,502 13.4%    
Property   17.01 Staybridge Suites - Columbus $3,354,603 $1,625,335 $1,729,268 11/30/2019 TTM   82.4% $3,354,603 $1,709,259 $1,645,344   $134,184 $0 $1,511,160     N/A
Property   17.02 Holiday Inn Express & Suites - Columbus $3,755,453 $2,025,450 $1,730,003 11/30/2019 TTM   77.6% $3,755,453 $2,039,893 $1,715,560   $150,218 $0 $1,565,342     N/A
Loan   18 Residence Inn - Amelia Island $6,387,031 $3,859,539 $2,527,492 9/30/2019 TTM 11.5% 83.3% $6,386,979 $3,756,188 $2,630,791 11.9% $255,479 $0 $2,375,312 10.8%   N/A
Loan   19 Marketfair Shopping Center $3,047,875 $681,066 $2,366,809 9/30/2019 TTM 11.8% 95.0% $3,562,449 $692,349 $2,870,100 14.4% $35,708 $208,489 $2,625,903 13.1%   Camping World / Gander Outdoors
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio $1,887,697 $580,685 $1,307,012 12/31/2019 6.7% 97.0% $2,011,362 $696,285 $1,315,077 6.7% $15,882 $0 $1,299,195 6.7%    
Property   20.01 74 Forsyth Street $670,023 $177,768 $492,255 12/31/2019   97.0% $702,456 $224,711 $477,745   $4,264 $0 $473,481     N/A
Property   20.02 104 Forsyth Street $631,331 $211,926 $419,405 12/31/2019   97.0% $719,835 $257,407 $462,428   $6,208 $0 $456,220     N/A
Property   20.03 72 Forsyth Street $586,343 $190,991 $395,352 12/31/2019   97.0% $589,071 $214,166 $374,904   $5,410 $0 $369,495     N/A
Loan 5, 6, 7 21 Giant Anchored Portfolio $11,571,500 $2,476,558 $9,094,942 9/30/2019 TTM 9.4% 95.0% $11,645,551 $2,827,787 $8,817,765 9.1% $153,800 $351,839 $8,312,126 8.6%    
Property   21.01 Parkway Plaza $2,238,484 $543,342 $1,695,141 9/30/2019 TTM   94.8% $2,149,542 $558,858 $1,590,684   $36,639 $60,614 $1,493,430     Giant
Property   21.02 Aston Center $1,454,348 $61,674 $1,392,674 9/30/2019 TTM   96.0% $1,645,439 $283,468 $1,361,972   $0 $47,119 $1,314,853     Giant
Property   21.03 Spring Meadow $2,037,123 $580,679 $1,456,443 9/30/2019 TTM   95.3% $2,053,747 $620,391 $1,433,356   $24,656 $51,918 $1,356,782     Giant
Property   21.04 Scott Town Center $1,564,096 $278,007 $1,286,089 9/30/2019 TTM   94.8% $1,541,889 $293,995 $1,247,895   $26,490 $49,804 $1,171,601     Giant
Property   21.05 Creekside Market Place $1,679,633 $443,001 $1,236,632 9/30/2019 TTM   94.1% $1,626,252 $453,098 $1,173,154   $35,414 $54,502 $1,083,238     Giant
Property   21.06 Stonehedge Square $1,513,645 $345,332 $1,168,313 9/30/2019 TTM   94.9% $1,525,918 $365,163 $1,160,755   $7,981 $53,529 $1,099,246     Giant
Property   21.07 Ayr Town Center $1,084,171 $224,522 $859,649 9/30/2019 TTM   95.5% $1,102,763 $252,813 $849,950   $22,620 $34,354 $792,976     Giant
Loan   22 Roseburg Valley Marketplace $2,186,114 $662,361 $1,523,753 9/30/2019 TTM 8.5% 98.8% $2,573,335 $610,247 $1,963,088 10.9% $59,562 $142,056 $1,761,470 9.8%   Sportsman's Warehouse
Loan   23 University Marketplace $2,508,814 $868,896 $1,639,918 7/31/2019 TTM 9.9% 94.8% $2,758,764 $967,755 $1,791,009 10.8% $40,850 $94,512 $1,655,647 10.0%   Cafe Iguana (Kendall Sports Bar)
Loan 7, 8 24 Vesta Lofts Apartments $1,569,061 $507,203 $1,061,858 12/31/2019 6.4% 95.1% $1,591,974 $406,251 $1,185,723 7.2% $25,990 $0 $1,159,733 7.0%   N/A
Loan   25 Courtyard - Columbia Downtown $7,797,623 $4,623,320 $3,174,303 12/31/2019 21.2% 69.6% $7,797,683 $4,546,947 $3,250,736 21.7% $311,907 $0 $2,938,829 19.6%   N/A
Loan   26 West Coast Self Storage - Columbia City $1,590,384 $463,077 $1,127,307 11/30/2019 TTM 8.2% 88.5% $1,590,384 $444,195 $1,146,189 8.3% $9,703 $0 $1,136,486 8.2%   N/A
Loan 6 27 Southeast Retail Portfolio $1,280,816 $377,591 $903,225 12/31/2019 7.5% 95.0% $1,792,356 $394,983 $1,397,373 11.7% $54,819 $78,006 $1,264,548 10.6%    
Property   27.01 Whitfield Square Shopping Center $631,323 $206,912 $424,411 12/31/2019   95.0% $1,118,523 $223,510 $895,014   $32,732 $36,067 $826,215     Variety Wholesalers, Inc.
Property   27.02 Mooreland Shopping Center $649,493 $170,679 $478,814 12/31/2019   95.0% $673,832 $171,473 $502,359   $22,087 $41,939 $438,333     Burkes Outlet Store
Loan   28 Ayres Hotel Orange $5,669,768 $3,075,677 $2,594,091 12/31/2019 22.2% 79.4% $5,669,768 $3,217,818 $2,451,950 21.0% $226,791 $0 $2,225,159 19.0%   N/A
Loan   29 The Hub Shopping Center $1,291,520 $369,701 $921,820 12/31/2019 8.2% 91.6% $1,418,100 $387,117 $1,030,982 9.1% $7,529 $53,710 $969,743 8.6%   King Louie's Sports Lounge
Loan   30 6410 Halsey N/A N/A N/A N/A N/A 97.0% $1,129,403 $167,741 $961,662 8.8% $13,927 $0 $947,735 8.7%   Providence Health & Services - Oregon
Loan   31 Oaktree Plaza - Denton $1,198,480 $400,264 $798,216 11/30/2019 TTM 7.5% 95.0% $1,416,064 $428,474 $987,590 9.3% $6,925 $21,938 $958,727 9.0%   Texas Family Fitness
Loan 6, 7 32 Bradenton Cascade Office Portfolio $2,988,508 $1,739,053 $1,249,456 10/31/2019 TTM 12.2% 79.0% $2,890,201 $1,704,005 $1,186,196 11.6% $40,301 $114,510 $1,031,385 10.1%    
Property   32.01 Cascade I $965,940 $533,914 $432,026 10/31/2019 TTM   90.8% $1,005,220 $537,399 $467,821   $9,458 $42,761 $415,602     Office Of Chapter 13 Trustee
Property   32.02 Bradenton Office $567,195 $269,310 $297,885 10/31/2019 TTM   84.8% $528,924 $260,373 $268,552   $12,662 $18,946 $236,943     Netech Corporation
Property   32.03 Cascade II $818,107 $532,053 $286,054 10/31/2019 TTM   67.5% $710,360 $505,065 $205,295   $7,952 $28,018 $169,325     Amp
Property   32.04 Cascade V $637,266 $403,775 $233,491 10/31/2019 TTM   77.1% $645,697 $401,168 $244,529   $10,229 $24,785 $209,515     RMS Management, Inc.
Loan   33 Laurel Square $1,741,293 $325,276 $1,416,017 11/30/2019 TTM 14.0% 95.0% $1,622,533 $341,682 $1,280,851 12.7% $4,257 $55,169 $1,221,425 12.1%   CVS Pharmacy
Loan   34 Easton Commons $1,775,157 $685,638 $1,089,519 11/30/2019 TTM 11.1% 89.0% $1,698,299 $691,044 $1,007,255 10.2% $35,479 $54,394 $917,382 9.3%   Giant
Loan   35 Murphy Crossing Shopping Center $1,469,364 $539,614 $929,750 10/31/2019 YTD 9.8% 87.2% $1,490,327 $553,012 $937,315 9.9% $9,154 $68,880 $859,281 9.0%   MedHealth-Methodist Health System
Loan   36 7701 & 7721 Eastchase Parkway N/A N/A N/A N/A N/A 95.0% $1,044,478 $188,018 $856,459 9.4% $9,750 $49,647 $797,062 8.8%   Burlington Coat Factory
Loan   37 325 W. 45th Street Owners Corp. N/A N/A N/A N/A N/A 96.0% $4,784,456 $2,745,021 $2,039,435 24.9% $32,000 $0 $2,007,435 24.5%   N/A
Loan   38 Courtyard - Charlotte Matthews $3,731,041 $2,416,499 $1,314,542 10/31/2019 TTM 16.4% 69.0% $3,731,101 $2,408,468 $1,322,633 16.5% $149,244 $0 $1,173,389 14.7%   N/A
Loan   39 Ayres Hotel Spa Mission Viejo $3,336,817 $1,971,826 $1,364,991 12/31/2019 17.4% 77.9% $3,336,817 $2,039,468 $1,297,349 16.5% $133,473 $0 $1,163,876 14.8%   N/A
Loan   40 Twin Fountains Plaza $1,155,085 $329,245 $825,840 11/30/2019 T-11 Ann. 10.6% 95.0% $1,196,979 $426,408 $770,571 9.9% $6,919 $47,046 $716,606 9.2%   Family Dollar
Loan   41 18 West 25th Street N/A N/A N/A N/A N/A 95.0% $688,750 $26,662 $662,088 8.8% $0 $0 $662,088 8.8%   N/A
Loan   42 Music City Shopping Center $1,028,401 $320,430 $707,971 10/31/2019 TTM 9.6% 95.0% $1,090,558 $343,755 $746,803 10.1% $7,811 $58,579 $680,414 9.2%   Planet Fitness of Goodlettsville
Loan   43 Reston Business Campus $1,464,184 $561,482 $902,702 12/31/2019 12.4% 94.5% $1,736,693 $555,739 $1,180,954 16.2% $12,391 $69,468 $1,099,095 15.1%   Distributed Solutions, Inc.
Loan   44 400 East 77th Street Owners, Inc. N/A N/A N/A N/A N/A 95.3% $6,848,550 $3,824,202 $3,024,348 44.9% $42,200 $0 $2,982,148 44.3%   N/A
Loan   45 125 Old Gate Lane $2,312,104 $680,013 $1,632,091 12/31/2019 25.2% 64.5% $1,918,129 $673,392 $1,244,737 19.2% $65,250 $76,725 $1,102,762 17.0%   Hacienda Storage
Loan   46 113-14 Owners Corp. N/A N/A N/A N/A N/A 98.0% $3,097,878 $1,607,090 $1,490,788 23.5% $31,500 $0 $1,459,288 23.0%   N/A
Loan   47 Lockaway Storage - Boerne $767,789 $230,557 $537,232 10/31/2019 TTM 8.5% 88.5% $767,789 $207,529 $560,260 8.9% $10,155 $0 $550,105 8.8%   N/A
Loan   48 Whispering Ridge $1,006,944 $442,049 $564,895 10/31/2019 TTM 9.1% 95.0% $1,214,159 $476,390 $737,768 11.9% $27,174 $69,676 $640,919 10.3%   PetSmart
Loan   49 Village Square At Five Parks $783,141 $345,277 $437,863 11/30/2019 TTM 7.3% 88.6% $1,020,801 $412,959 $607,842 10.1% $8,834 $34,047 $564,961 9.4%   A Different Kind of Bean/New Deli
Loan   50 Summit Park A $788,771 $187,430 $601,341 11/30/2019 TTM 11.2% 93.9% $863,258 $259,213 $604,045 11.3% $5,351 $26,755 $571,940 10.7%   Landis + Gyr Technology, Inc.
Loan   51 Comfort Inn - Pinehurst $1,903,742 $1,133,349 $770,393 9/30/2019 TTM 14.8% 76.1% $1,903,742 $1,117,746 $785,996 15.1% $76,150 $0 $709,846 13.6%   N/A
Loan   52 Safeway-WA N/A N/A N/A N/A N/A 95.0% $581,276 $158,531 $422,745 8.1% $4,800 $10,263 $407,682 7.9%   SafeWay
Loan   53 Huntsville Self Storage - Madison $755,320 $249,031 $506,289 10/31/2019 TTM 10.0% 85.3% $762,820 $235,507 $527,313 10.4% $12,449 $0 $514,864 10.2%   N/A
Loan 14 54 Long Beach Storage Center $785,122 $332,798 $452,323 11/30/2019 TTM 9.0% 91.5% $822,260 $358,558 $463,702 9.3% $2,239 $0 $461,463 9.2%   N/A
Loan 9 55 Grand Oaks Plaza $373,064 $211,737 $161,328 12/31/2019 3.2% 85.2% $719,663 $194,664 $524,999 10.5% $4,180 $18,287 $502,532 10.1%   Dollar Tree
Loan 15 56 Volvo Commons $374,307 $107,706 $266,601 10/31/2019 T-10 Ann. 5.6% 95.0% $570,952 $101,965 $468,987 9.9% $2,912 $4,597 $461,478 9.7%   Metro Diner
Loan   57 155 Hill Street $1,351,911 $372,347 $979,564 12/31/2019 20.9% 95.0% $1,645,579 $367,693 $1,277,886 27.3% $36,482 $78,175 $1,163,229 24.9%   FCP Euro
Loan   58 Perrysburg Market Square $298,731 $110,602 $188,130 12/31/2019 4.0% 95.0% $704,429 $238,617 $465,812 10.0% $2,322 $30,439 $433,051 9.3%   Pure Sleep
Loan   59 Mustang Square $868,259 $269,873 $598,386 10/31/2019 TTM 13.0% 95.0% $862,304 $257,579 $604,725 13.1% $5,474 $35,760 $563,491 12.2%   Pride Academy
Loan 16 60 39 Forrest Street $496,800 $95,382 $401,418 11/30/2019 TTM 8.8% 95.0% $511,787 $113,933 $397,854 8.7% $2,014 $7,460 $388,380 8.5%   Thompson Dorfman Partners, LLC
Loan   61 225 West Roosevelt Road $360,271 $243,248 $117,023 10/31/2019 TTM 2.6% 95.0% $691,912 $198,546 $493,366 10.9% $5,738 $33,576 $454,052 10.1%   Planet Fitness
Loan   62 36 Hamilton Avenue Tenants Corp. N/A N/A N/A N/A N/A 97.0% $2,375,627 $835,205 $1,540,422 34.2% $40,950 $0 $1,499,472 33.3%   N/A
Loan   63 Chester Hill Apartment Corporation N/A N/A N/A N/A N/A 94.9% $2,089,239 $954,669 $1,134,570 25.2% $25,750 $0 $1,108,820 24.6%   N/A
Loan   64 759 Hillside Avenue Owners, Inc. N/A N/A N/A N/A N/A 95.6% $2,691,273 $1,278,596 $1,412,677 35.3% $34,000 $0 $1,378,677 34.5%   N/A
Loan   65 Carnegie Center $289,137 $41,045 $248,092 8/31/2019 TTM 6.4% 93.1% $508,098 $95,362 $412,736 10.6% $3,922 $24,514 $384,300 9.9%   Lighthouse Academy
Loan   66 McDonough Flex $738,604 $320,020 $418,584 11/30/2019 TTM 11.1% 95.0% $753,539 $281,478 $472,061 12.5% $16,786 $5,142 $450,133 11.9%   Classic Collision of McDonough
Loan   67 Lexington Square Townhouses, Inc. N/A N/A N/A N/A N/A 91.0% $2,957,386 $1,740,914 $1,216,472 39.1% $112,000 $0 $1,104,472 35.5%   N/A
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. N/A N/A N/A N/A N/A 95.0% $1,100,806 $451,678 $649,128 23.2% $14,000 $0 $635,128 22.7%   N/A
Loan   69 Fountain Terrace Owners, Inc. N/A N/A N/A N/A N/A 98.0% $2,210,168 $849,320 $1,360,848 54.4% $25,000 $0 $1,335,848 53.4%   N/A
Loan   70 Haven Equities, Inc. N/A N/A N/A N/A N/A 97.0% $1,644,325 $550,457 $1,093,868 48.7% $13,500 $0 $1,080,368 48.1%   N/A
Loan   71 110 Thompson St. Owners Corp. N/A N/A N/A N/A N/A 95.0% $876,858 $336,757 $540,101 24.0% $12,800 $0 $527,301 23.5%   N/A
Loan   72 Americas Storage Space $325,377 $117,614 $207,763 8/31/2019 TTM 10.4% 90.0% $341,281 $130,509 $210,772 10.5% $7,187 $0 $203,585 10.2%   N/A
Loan   73 Hartsdale Towers Owners Corp. N/A N/A N/A N/A N/A 95.1% $1,019,396 $492,240 $527,156 27.8% $13,000 $0 $514,156 27.1%   N/A
Loan   74 Fort Apt. Corp. N/A N/A N/A N/A N/A 95.0% $1,168,777 $572,956 $595,821 37.2% $14,750 $0 $581,071 36.3%   N/A
Loan   75 Wildwood Tenants Corporation N/A N/A N/A N/A N/A 94.0% $895,820 $443,493 $452,327 30.2% $12,300 $0 $440,027 29.4%   N/A

 

A-1-6

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Largest
Tenant Lease
Expiration(4)
Largest
Tenant NSF
Largest
Tenant
% of NSF
  2nd Largest Tenant 2nd Largest
Tenant Lease
Expiration(4)
2nd Largest
Tenant NSF
2nd Largest
Tenant
% of NSF
  3rd Largest Tenant 3rd Largest
Tenant Lease
Expiration(4)
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3                      
Property   1.01 1264-1270 Gerard Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   1.02 3018 Heath Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   1.03 1576 Taylor Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   1.04 1299 Grand Concourse N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   1.05 2500 University Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   1.06 2505 Aqueduct Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   1.07 2785-2791 Sedgwick Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   1.08 1945 Loring Place South N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 5 2 Bravern Office Commons 494,523 SF expiring 8/31/2025; 255,171 SF expiring 6/30/2025 749,694 100.0%   N/A N/A N/A N/A   N/A N/A
Loan 5, 8 3 560 Mission Street 9/30/2025 246,384 36.9%   EY 12/31/2028 122,760 18.4%   TIAA-CREF 9/30/2027
Loan 5 4 200 West 57th Street 21,549 SF (1/31/2036); 8,743 SF (10/31/2023); 5,258 SF (2/28/2022) 35,550 20.7%   Extended Fertility LLC. 7,074 SF (8/31/2029); 2,945 SF (8/31/2029); 938 SF (8/31/2020) 10,957 6.4%   Orthology INC. 12/31/2029
Loan 5, 8 5 545 Washington Boulevard 12/31/2033 352,765 40.7%   JPMorgan Chase Bank 10/31/2032 343,805 39.7%   HSBC Technology & Services (USA) 2/28/2021
Loan 5 6 55 Hudson Yards 4/30/2034 332,283 23.2%   Milbank, Tweed, Hadley & McCloy 3/31/2034 287,333 20.1%   Cooley 9/30/2039
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio                      
Property   7.01 Residence Inn Hartford Avon N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   7.02 Holiday Inn Melbourne-Viera Conference Center N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   7.04 Comfort Inn International Drive N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   7.05 Wyndham Garden Tallahassee Capitol N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   7.06 Holiday Inn Savannah South - I-95 Gateway N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 5, 8 8 1633 Broadway 1/31/2031 320,911 12.5%   WMG Acquisition Corp 293,487 SF on 7/31/2029; 401 SF on MTM 293,888 11.5%   Showtime Networks Inc 1/31/2026
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 6, 7 10 F Street and K Street Office Portfolio                      
Property   10.01 1612 K Street Northwest 10/31/2021 8,388 11.6%   Green America 8/31/2021 5,763 8.0%   Fed Ex Office & Print 10/31/2028
Property   10.02 1319 F Street Northwest 7/31/2022 15,696 30.0%   Proper Ventures, LLC 11/30/2026 7,514 14.4%   Advantage FCU 10/31/2023
Loan   11 Marriott Richmond Dual Brand N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 8 12 Steeples Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   13 Coral Sky Plaza 1/31/2025 108,532 46.6%   Ross Dress for Less 1/31/2022 30,187 13.0%   Bed Bath & Beyond 1/31/2022
Loan   14 Embassy Suites - Charlotte N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   15 Prince William Square 9/30/2023 38,453 16.5%   Ross Dress For Less 1/31/2030 32,120 13.8%   dd's Discounts 1/31/2027
Loan   16 Pacific Plaza Tacoma 7/31/2025 32,768 31.2%   BLRB Architects 8/31/2023 20,374 19.4%   DEA 6/27/2040
Loan 6, 9 17 OSU Hotel Portfolio                      
Property   17.01 Staybridge Suites - Columbus N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   17.02 Holiday Inn Express & Suites - Columbus N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   18 Residence Inn - Amelia Island N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   19 Marketfair Shopping Center 3/31/2033 66,464 30.3%   AMC Theatres 12/31/2030 60,000 27.3%   Lidl US Operations, LLC 3/31/2030
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio                      
Property   20.01 74 Forsyth Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   20.02 104 Forsyth Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Property   20.03 72 Forsyth Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 5, 6, 7 21 Giant Anchored Portfolio                      
Property   21.01 Parkway Plaza 12/31/2023 71,335 64.2%   Rite Aid 11/30/2023 11,180 10.1%   Kindercare Learning Centers 4/30/2020
Property   21.02 Aston Center 11/30/2025 55,000 100.0%   N/A N/A N/A N/A   N/A N/A
Property   21.03 Spring Meadow 10/31/2024 67,400 87.5%   Mavis Tire Supply, LLC 3/31/2034 6,700 8.7%   Fulton Bank 8/4/2024
Property   21.04 Scott Town Center 7/31/2023 54,333 80.0%   AAA 6/30/2022 4,000 5.9%   One Main Financial 7/31/2023
Property   21.05 Creekside Market Place 3/31/2027 57,428 63.2%   Dollar Tree 6/30/2022 8,000 8.8%   PLCB 4/30/2022
Property   21.06 Stonehedge Square 5/31/2026 51,687 58.3%   PA Liquor Control Board 8/31/2024 5,170 5.8%   Monroe Muffler Brake Inc. 6/30/2020
Property   21.07 Ayr Town Center 5/31/2025 52,400 90.3%   Wine & Spirits Store 8/31/2024 2,400 4.1%   N/A N/A
Loan   22 Roseburg Valley Marketplace 7/31/2026 39,669 18.0%   Marshall's 8/31/2023 25,080 11.4%   Planet Fitness 7/31/2029
Loan   23 University Marketplace 7/31/2021 21,793 17.4%   Beverly's Pet Center 8/31/2021 18,530 14.8%   Octapharm Plasma, Inc 8/31/2029
Loan 7, 8 24 Vesta Lofts Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   25 Courtyard - Columbia Downtown N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   26 West Coast Self Storage - Columbia City N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 6 27 Southeast Retail Portfolio                      
Property   27.01 Whitfield Square Shopping Center 3/13/2030 51,724 34.1%   The Kroger Corp 7/31/2025 44,459 29.3%   Ollie's Bargain Outlet 3/27/2027
Property   27.02 Mooreland Shopping Center 1/31/2022 24,913 29.3%   Warehouse Home Furnishings Distributors, Inc. 9/29/2023 20,800 24.5%   Autozone Development Corp 9/30/2026
Loan   28 Ayres Hotel Orange N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   29 The Hub Shopping Center 2/29/2024 6,224 12.4%   Bella's Nail Salon and Spa 3/31/2025 5,506 11.0%   Chop Chop Rice Co. 2/28/2025
Loan   30 6410 Halsey 12/31/2034 63,303 100.0%   N/A N/A N/A N/A   N/A N/A
Loan   31 Oaktree Plaza - Denton 3/31/2030 23,200 33.5%   PetSmart Inc. 5/31/2026 19,169 27.7%   Skechers 4/30/2028
Loan 6, 7 32 Bradenton Cascade Office Portfolio                      
Property   32.01 Cascade I 9/30/2022 18,238 30.9%   Transinternational Systems 6/30/2023 9,138 15.5%   Connections Academy 7/31/2020
Property   32.02 Bradenton Office 2/28/2021 17,666 43.3%   The W.W, Williams Company, L 5/31/2023 17,350 42.5%   N/A N/A
Property   32.03 Cascade II 1/31/2022 11,293 18.4%   Priority Mortgage Corp 7/31/2020 7,345 12.0%   Creative Financial Staffing 10/31/2022
Property   32.04 Cascade V 2/28/2023 7,254 15.6%   Peoples Bank 4/30/2024 6,268 13.5%   Radian Guaranty, Inc. 1/31/2021
Loan   33 Laurel Square 1/31/2030 20,830 73.4%   Five Guys 11/30/2020 2,865 10.1%   Panda Express 10/31/2020
Loan   34 Easton Commons 12/30/2023 75,273 44.6%   Maxx Fitness 7/30/2037 25,312 15.0%   Petco 10/30/2020
Loan   35 Murphy Crossing Shopping Center 2/28/2025 3,500 8.0%   Fesler Orthodontics, PA 7/31/2024 2,606 5.9%   Niki's Italian Bistro 7/31/2021
Loan   36 7701 & 7721 Eastchase Parkway 2/28/2030 35,000 53.8%   Best Buy Stores LP 1/31/2030 30,000 46.2%   N/A N/A
Loan   37 325 W. 45th Street Owners Corp. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   38 Courtyard - Charlotte Matthews N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   39 Ayres Hotel Spa Mission Viejo N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   40 Twin Fountains Plaza 12/31/2023 8,000 17.3%   LaHacienda Market 3/31/2026 6,044 13.1%   Mi Pueblito Discoteca 3/28/2027
Loan   41 18 West 25th Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   42 Music City Shopping Center 4/30/2028 12,856 16.5%   Chef's Market Cafe 2/28/2021 11,505 14.7%   The Bridal Warehouse 3/31/2022
Loan   43 Reston Business Campus 11/30/2028 16,433 19.9%   Kaizen Systems, LLC (Expansion) 2/29/2028 15,780 19.1%   Ideaventions, LLC 12/31/2025
Loan   44 400 East 77th Street Owners, Inc. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   45 125 Old Gate Lane 3/31/2031 55,127 19.4%   Northsails 6/30/2021 51,882 18.3%   Marble And Granite 8/31/2021
Loan   46 113-14 Owners Corp. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   47 Lockaway Storage - Boerne N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   48 Whispering Ridge 5/31/2024 27,716 39.8%   Ross Dress for Less 1/31/2030 22,322 32.0%   Five Below 1/31/2030
Loan   49 Village Square At Five Parks 3/31/2026 4,510 11.2%   Five Parks Vision Center 5/31/2026 2,645 6.6%   Five Parks Dental 10/31/2022
Loan   50 Summit Park A 9/30/2024 10,050 18.8%   ECS Southwest, LP 7/31/2026 9,697 18.1%   City of Austin 5/31/2025
Loan   51 Comfort Inn - Pinehurst N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   52 Safeway-WA 6/30/2039 47,995 100.0%   N/A N/A N/A N/A   N/A N/A
Loan   53 Huntsville Self Storage - Madison N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 14 54 Long Beach Storage Center N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan 9 55 Grand Oaks Plaza 2/28/2027 12,808 30.6%   Hokkaido Chinese and Japanese LLC 7/31/2026 10,000 23.9%   Mr. & Mrs. Crab Inc. 12/9/2029
Loan 15 56 Volvo Commons 10/31/2028 3,695 19.0%   Dream Nails Spa 1/31/2030 2,574 13.3%   Coastal Vision 2/28/2026
Loan   57 155 Hill Street 11/1/2028 52,747 30.4%   Qtran 2/28/2025 42,855 24.7%   General Insulation 9/30/2024
Loan   58 Perrysburg Market Square 4/6/2029 4,000 25.8%   Aspen Dental 11/26/2028 3,500 22.6%   AT&T 3/31/2025
Loan   59 Mustang Square 11/30/2027 11,500 31.5%   Lifesong Studio 5/31/2023 11,000 30.1%   Aspen Catering 5/31/2024
Loan 16 60 39 Forrest Street 10/31/2025 3,700 49.6%   Sutton Suzuki Associates 12/31/2022 2,053 27.5%   Sotheby's (Golden Gate) 7/31/2022
Loan   61 225 West Roosevelt Road 2/29/2028 20,000 52.3%   BioLife Plasma Services L.P. 10/31/2029 18,250 47.7%   N/A N/A
Loan   62 36 Hamilton Avenue Tenants Corp. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   63 Chester Hill Apartment Corporation N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   64 759 Hillside Avenue Owners, Inc. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   65 Carnegie Center 12/31/2024 7,434 37.9%   Burn Boot Camp 11/30/2029 4,534 23.1%   EarthWise Pet Nutrition Center and Wellness Spa 7/31/2024
Loan   66 McDonough Flex 10/31/2021 33,253 29.7%   Horizon Pointe Church 5/31/2021 28,666 25.6%   Habitat for Humanity Restore 12/31/2020
Loan   67 Lexington Square Townhouses, Inc. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   69 Fountain Terrace Owners, Inc. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   70 Haven Equities, Inc. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   71 110 Thompson St. Owners Corp. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   72 Americas Storage Space N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   73 Hartsdale Towers Owners Corp. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   74 Fort Apt. Corp. N/A N/A N/A   N/A N/A N/A N/A   N/A N/A
Loan   75 Wildwood Tenants Corporation N/A N/A N/A   N/A N/A N/A N/A   N/A N/A

 

A-1-7

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name 3rd Largest
Tenant NSF
3rd Largest
Tenant
% of NSF
  4th Largest Tenant 4th Largest
Tenant Lease
Expiration(4)
4th Largest
Tenant NSF
4th Largest
Tenant
% of NSF
  5th Largest Tenant 5th Largest
Tenant Lease
Expiration(4)
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
  Upfront
Replacement
Reserves
Monthly
Replacement
Reserves
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3                           $0 $12,706
Property   1.01 1264-1270 Gerard Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   1.02 3018 Heath Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   1.03 1576 Taylor Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   1.04 1299 Grand Concourse N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   1.05 2500 University Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   1.06 2505 Aqueduct Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   1.07 2785-2791 Sedgwick Avenue N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   1.08 1945 Loring Place South N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Loan 5 2 Bravern Office Commons N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan 5, 8 3 560 Mission Street 64,696 9.7%   ARUP 9/30/2026 49,832 7.5%   Seyfarth Shaw 9/30/2027 49,695 7.4%   $0 $0
Loan 5 4 200 West 57th Street 7,030 4.1%   Reproductive Medicine Assoc. 8/31/2025 5,242 3.1%   Cieli Partners L.P. 8/31/2028 4,000 2.3%   $0 $3,866
Loan 5, 8 5 545 Washington Boulevard 77,472 8.9%   VF Sportswear 2/28/2025 42,643 4.9%   Newport Restaurant Group (Dorrian's) 4/30/2032 4,760 0.5%   $0 $10,834
Loan 5 6 55 Hudson Yards 146,227 10.2%   Boies, Schiller & Flexner 6/30/2035 110,732 7.7%   Third Point 7/31/2029 89,043 6.2%   $0 $0
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio                           $0 4% of 1/12th of annual Gross Revenue (in no event less than $69,993.17)
Property   7.01 Residence Inn Hartford Avon N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   7.02 Holiday Inn Melbourne-Viera Conference Center N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   7.04 Comfort Inn International Drive N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   7.05 Wyndham Garden Tallahassee Capitol N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   7.06 Holiday Inn Savannah South - I-95 Gateway N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Loan 5, 8 8 1633 Broadway 261,196 10.2%   Morgan Stanley & Co 3/31/2032 260,829 10.2%   Kasowitz Benson Torres 3/31/2037 203,394 7.9%   $0 $0
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan 6, 7 10 F Street and K Street Office Portfolio                           $0 $2,078
Property   10.01 1612 K Street Northwest 5,197 7.2%   Earthrights Int 6/30/2022 4,203 5.8%   Gov. Accountability Project 10/31/2022 3,748 5.2%      
Property   10.02 1319 F Street Northwest 5,032 9.6%   Posse DC 1/31/2022 4,012 7.7%   Camp. Fair Sentencing/Youth 11/30/2021 3,164 6.0%      
Loan   11 Marriott Richmond Dual Brand N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $37,267
Loan 8 12 Steeples Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $9,100
Loan   13 Coral Sky Plaza 30,000 12.9%   buybuy BABY 1/31/2023 23,034 9.9%   Five Below 1/31/2027 9,933 4.3%   $0 $3,103
Loan   14 Embassy Suites - Charlotte N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $47,916
Loan   15 Prince William Square 24,784 10.6%   JOANN Fabrics and Crafts 1/31/2025 23,890 10.3%   Harbor Freight Tools 12/31/2022 15,000 6.4%   $0 $3,300
Loan   16 Pacific Plaza Tacoma 13,800 13.2%   The Old Spaghetti Factory 1/31/2026 12,575 12.0%   PCS Structural Solutions 9/30/2024 12,405 11.8%   $0 $2,105
Loan 6, 9 17 OSU Hotel Portfolio                           $0 (i) 2% of Rents until February 2022, (ii) 3% of Rents from March 2022 to February 2024, (iii) 4% of Rents from and after March 2024.
Property   17.01 Staybridge Suites - Columbus N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   17.02 Holiday Inn Express & Suites - Columbus N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Loan   18 Residence Inn - Amelia Island N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $21,290
Loan   19 Marketfair Shopping Center 30,454 13.9%   Planet Fitness 5/31/2026 23,051 10.5%   Lumber Liquidators, Inc. 11/30/2025 7,189 3.3%   $0 $2,928
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio                           $0 $1,385
Property   20.01 74 Forsyth Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   20.02 104 Forsyth Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   20.03 72 Forsyth Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Loan 5, 6, 7 21 Giant Anchored Portfolio                           $0 $12,741
Property   21.01 Parkway Plaza 10,964 9.9%   Power Train Harrisburg West LL 3/31/2020 6,000 5.4%   Wendy's 12/31/2022 3,067 2.8%      
Property   21.02 Aston Center N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   21.03 Spring Meadow 2,950 3.8%   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   21.04 Scott Town Center 1,600 2.4%   Subway 7/31/2024 1,600 2.4%   Regis Corp 6/30/2024 1,600 2.4%      
Property   21.05 Creekside Market Place 3,200 3.5%   Pet Valu, Inc. 7/31/2027 3,162 3.5%   Feasta Pizza 3/31/2029 2,880 3.2%      
Property   21.06 Stonehedge Square 4,500 5.1%   Power Train Fitness 10/31/2020 4,400 5.0%   Unique Source Products & Serv 6/30/2021 2,550 2.9%      
Property   21.07 Ayr Town Center N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Loan   22 Roseburg Valley Marketplace 20,981 9.5%   JoAnn's 1/31/2027 18,000 8.2%   Shoe Show 1/31/2030 12,187 5.5%   $0 $4,964
Loan   23 University Marketplace 14,000 11.1%   Dollar General 12/31/2021 6,500 5.2%   All Uniform Wear 12/31/2023 6,000 4.8%   $0 $3,404
Loan 7, 8 24 Vesta Lofts Apartments N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $2,166
Loan   25 Courtyard - Columbia Downtown N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $12,853
Loan   26 West Coast Self Storage - Columbia City N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan 6 27 Southeast Retail Portfolio                           $0 $2,910
Property   27.01 Whitfield Square Shopping Center 35,683 23.5%   Cheng Ping Yee Sun Tok Yee 4/30/2023 4,200 2.8%   Henil 1 Inc. 4/20/2020 4,200 2.8%      
Property   27.02 Mooreland Shopping Center 8,442 9.9%   Family Dollar Stores of TN Inc 12/31/2020 8,225 9.7%   Shoe Sensation, Inc. 8/31/2029 7,932 9.3%      
Loan   28 Ayres Hotel Orange N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $18,899
Loan   29 The Hub Shopping Center 3,332 6.6%   Cycle Bar 6/30/2026 3,087 6.1%   Urban Bricks Pizza Co. 8/31/2026 2,610 5.2%   $0 $627
Loan   30 6410 Halsey N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $1,161
Loan   31 Oaktree Plaza - Denton 8,056 11.6%   Touchstone Imaging 5/31/2022 3,914 5.7%   Leslie's Pool Supply 12/31/2020 3,600 5.2%   $40,000 $866
Loan 6, 7 32 Bradenton Cascade Office Portfolio                           $0 $4,307
Property   32.01 Cascade I 5,560 9.4%   Altasim Technologies, LLC 12/31/2022 4,196 7.1%   Kuncai Americas, LLC. 4/30/2022 3,085 5.2%      
Property   32.02 Bradenton Office N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A      
Property   32.03 Cascade II 4,414 7.2%   Thomas R. Daye & Associates 11/30/2022 3,455 5.6%   Thomas E. Baxter & Assoc. 11/30/2023 2,875 4.7%      
Property   32.04 Cascade V 5,260 11.3%   Advanced Billing & Consulting Services, Inc. 5/31/2023 4,627 10.0%   Troy Balderson 1/2/2021 3,432 7.4%      
Loan   33 Laurel Square 2,409 8.5%   M&T Bank 10/31/2026 2,275 8.0%   N/A N/A N/A N/A   $0 $355
Loan   34 Easton Commons 17,880 10.6%   Family Dollar 12/30/2020 6,750 4.0%   Giant Gas 12/30/2023 5,000 3.0%   $0 $2,108
Loan   35 Murphy Crossing Shopping Center 2,398 5.5%   H&R Block Enterprises LLC 4/30/2021 2,250 5.1%   Kung Fu - Choung Tran Van 12/31/2022 2,000 4.6%   $0 $0
Loan   36 7701 & 7721 Eastchase Parkway N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $813
Loan   37 325 W. 45th Street Owners Corp. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   38 Courtyard - Charlotte Matthews N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $6,256
Loan   39 Ayres Hotel Spa Mission Viejo N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $11,123
Loan   40 Twin Fountains Plaza 4,900 10.6%   Cici's Pizza 6/30/2028 4,490 9.7%   Fashion Accents 7/31/2022 4,300 9.3%   $28,750 $769
Loan   41 18 West 25th Street N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   42 Music City Shopping Center 9,000 11.5%   Aregis Taekwondo 12/31/2022 5,960 7.6%   Long Hollow Pizza 4/30/2024 4,726 6.1%   $0 $977
Loan   43 Reston Business Campus 10,533 12.8%   RGB Holdings, LLC 1/31/2025 10,223 12.4%   Renal Care Partners 12/31/2021 6,007 7.3%   $0 $0
Loan   44 400 East 77th Street Owners, Inc. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   45 125 Old Gate Lane 29,180 10.3%   Clarke Brothers MTM 22,950 8.1%   Fitness Edge 12/31/2029 18,375 6.5%   $0 $0
Loan   46 113-14 Owners Corp. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   47 Lockaway Storage - Boerne N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $846
Loan   48 Whispering Ridge 16,627 23.9%   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $2,265
Loan   49 Village Square At Five Parks 2,612 6.5%   Serenity @ Five Parks Spa & Salon 3/31/2023 1,960 4.9%   Harmony Vet Center 6/30/2020 1,954 4.9%   $0 $744
Loan   50 Summit Park A 8,850 16.5%   Securadyne Systems Intermediate LLC 7/31/2023 7,469 14.0%   X-Microwave, LLC 6/30/2021 5,763 10.8%   $0 $669
Loan   51 Comfort Inn - Pinehurst N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $6,391
Loan   52 Safeway-WA N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   53 Huntsville Self Storage - Madison N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $1,037
Loan 14 54 Long Beach Storage Center N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $280
Loan 9 55 Grand Oaks Plaza 8,800 21.1%   Senigallia Restaurant, LLC 1/31/2021 5,105 12.2%   N/A N/A N/A N/A   $0 $697
Loan 15 56 Volvo Commons 2,500 12.9%   Studio Bamboo Institute of Yoga 2/29/2024 2,000 10.3%   Dunkin Donuts 11/30/2025 1,804 9.3%   $0 $243
Loan   57 155 Hill Street 26,863 15.5%   Pepperidge Farm 5/31/2023 24,010 13.8%   Gold Medal 12/15/2025 13,367 7.7%   $0 $0
Loan   58 Perrysburg Market Square 2,464 15.9%   Dickey's BBQ 7/31/2029 2,285 14.8%   Verizon Wireless 1/4/2029 1,955 12.6%   $0 $193
Loan   59 Mustang Square 3,450 9.5%   DP Family Medicine & Dental 5/31/2022 3,334 9.1%   Mustang Cleaners 10/31/2022 2,000 5.5%   $0 $456
Loan 16 60 39 Forrest Street 1,707 22.9%   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $168
Loan   61 225 West Roosevelt Road N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $478
Loan   62 36 Hamilton Avenue Tenants Corp. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   63 Chester Hill Apartment Corporation N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   64 759 Hillside Avenue Owners, Inc. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   65 Carnegie Center 1,800 9.2%   Great Harvest Restaurant 11/30/2020 1,792 9.1%   Carmine's  Restaurant 2/28/2025 1,550 7.9%   $0 $327
Loan   66 McDonough Flex 19,280 17.2%   United Food Force, Inc 8/31/2028 12,380 11.1%   Antias Tender Touch LLC 5/31/2022 6,134 5.5%   $0 $1,399
Loan   67 Lexington Square Townhouses, Inc. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   69 Fountain Terrace Owners, Inc. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   70 Haven Equities, Inc. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   71 110 Thompson St. Owners Corp. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   72 Americas Storage Space N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $599
Loan   73 Hartsdale Towers Owners Corp. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   74 Fort Apt. Corp. N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0
Loan   75 Wildwood Tenants Corporation N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A   $0 $0

 

A-1-8

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Replacement
Reserve Cap
Upfront TI/LC
 Reserves
Monthly TI/LC
Reserves
TI/LC
Reserve Cap
Upfront Tax
 Reserves
Monthly Tax
 Reserves
Upfront
Insurance Reserves
Monthly
Insurance
Reserves
Upfront
Deferred Maint.
Reserve
Initial Other
Reserves
Ongoing Other
Reserves
Other Reserves Description
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3 $0 $0 $0 $0 $76,846 $76,846 $0 $0 $20,578 $2,500,000 $0 J-51 Exemption Funds
Property   1.01 1264-1270 Gerard Avenue                        
Property   1.02 3018 Heath Avenue                        
Property   1.03 1576 Taylor Avenue                        
Property   1.04 1299 Grand Concourse                        
Property   1.05 2500 University Avenue                        
Property   1.06 2505 Aqueduct Avenue                        
Property   1.07 2785-2791 Sedgwick Avenue                        
Property   1.08 1945 Loring Place South                        
Loan 5 2 Bravern Office Commons $0 $5,943,828 $0 $0 $0 $0 $0 $0 $452,250 $1,297,834 $0 Microsoft Bridge Rent Reserve
Loan 5, 8 3 560 Mission Street $267,260 $2,152,612 $0 $2,004,447 $0 $0 $0 $0 $0 $0 $0 N/A
Loan 5 4 200 West 57th Street $92,775 $0 $21,424 $514,185 $143,187 $143,187 $0 $0 $0 $2,069,759 $0 Rent Concession Reserve Funds; Outstanding TI/LC Reserve Funds
Loan 5, 8 5 545 Washington Boulevard $0 $0 $72,226 $1,500,000 $881,651 $0 $0 $0 $0 $26,042,846 $0 Rent Concession Reserve Funds; Existing TI/LC Obligations Reserve Funds
Loan 5 6 55 Hudson Yards $0 $0 $0 $0 $0 $0 $0 $0 $0 $61,217,618 $0 Tenant Specific TILC Reserve; Free Rent Reserve; Milbank Lease Landlord Delay Dispute Reserve; MarketAxess Lease Takeover Reserve
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio $0 $0 $0 $0 $75,000 $75,000 $0 $0 $61,063 $1,816,554 $0 PIP reserve; Ground Rent Reserve; Capitalized Holdback Reserve
Property   7.01 Residence Inn Hartford Avon                        
Property   7.02 Holiday Inn Melbourne-Viera Conference Center                        
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway                        
Property   7.04 Comfort Inn International Drive                        
Property   7.05 Wyndham Garden Tallahassee Capitol                        
Property   7.06 Holiday Inn Savannah South - I-95 Gateway                        
Loan 5, 8 8 1633 Broadway $1,024,605 $0 $0 $5,123,024 $0 $0 $0 $0 $0 $36,389,727 $0 Unfunded Obligations Reserve
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan 6, 7 10 F Street and K Street Office Portfolio $0 $0 $15,583 $561,002 $343,131 $49,019 $54,330 $4,939 $0 $0 $0 N/A
Property   10.01 1612 K Street Northwest                        
Property   10.02 1319 F Street Northwest                        
Loan   11 Marriott Richmond Dual Brand $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan 8 12 Steeples Apartments $0 $0 $0 $0 $32,136 $32,136 $170,248 $21,281 $484,028 $0 $0 N/A
Loan   13 Coral Sky Plaza $0 $300,000 $14,545 $600,000 $120,656 $30,164 $20,766 $10,383 $24,313 $0 $0 N/A
Loan   14 Embassy Suites - Charlotte $2,740,000 $0 $0 $0 $65,000 $32,500 $0 $0 $0 $0 $0 N/A
Loan   15 Prince William Square $0 $0 $16,501 $395,000 $38,857 $38,857 $0 $0 $0 $343,370 $0 VAABC Free Rent Reserve Fund; VAABC Special Leasing Reserve Fund; Dental Care Alliance Special Leasing Reserve Fund; Harbor Special Leasing Reserve Fund
Loan   16 Pacific Plaza Tacoma $0 $0 $8,739 $314,613 $24,054 $12,027 $26,980 $4,497 $0 $1,422,231 $0 Known TI/LC Reserve Fund; Free/Gap Rent Reserve Fund
Loan 6, 9 17 OSU Hotel Portfolio $1,000,000 $0 $0 $0 $83,517 $27,839 $33,000 $4,877 $0 $1,207,673 $0 Upfront PIP Reserve
Property   17.01 Staybridge Suites - Columbus                        
Property   17.02 Holiday Inn Express & Suites - Columbus                        
Loan   18 Residence Inn - Amelia Island $0 $0 $0 $0 $98,800 $24,700 $84,325 $10,541 $0 $0 $25,000 (during March, April, May, June or July of each year) Seasonality Reserve Fund
Loan   19 Marketfair Shopping Center $0 $350,000 $13,725 $494,100 $88,175 $22,044 $7,096 $3,548 $8,223 $16,578 $0 Rent Concession Funds
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio $0 $0 $0 $0 $29,185 $29,185 $3,747 $3,747 $0 $115,400 $0 Unit Renovation; Gap Rent
Property   20.01 74 Forsyth Street                        
Property   20.02 104 Forsyth Street                        
Property   20.03 72 Forsyth Street                        
Loan 5, 6, 7 21 Giant Anchored Portfolio $0 $0 $8,681 $400,000 $0 $0 $0 $0 $0 $0 $0 N/A
Property   21.01 Parkway Plaza                        
Property   21.02 Aston Center                        
Property   21.03 Spring Meadow                        
Property   21.04 Scott Town Center                        
Property   21.05 Creekside Market Place                        
Property   21.06 Stonehedge Square                        
Property   21.07 Ayr Town Center                        
Loan   22 Roseburg Valley Marketplace $178,686 $205,206 $9,168 $330,035 $37,563 $18,781 $0 $0 $0 $0 $0 N/A
Loan   23 University Marketplace $0 $250,000 $20,934 $500,000 $74,976 $18,744 $0 $0 $13,125 $53,050 $0 Outstanding TI/Free Rent
Loan 7, 8 24 Vesta Lofts Apartments $51,984 $0 $0 $0 $0 $11,497 $1,906 $1,906 $10,875 $58,525 $0 Landlord Obligation Reserve
Loan   25 Courtyard - Columbia Downtown $0 $0 $0 $0 $52,500 $26,250 $0 $0 $0 $55,000 $0 Environmental Reserve
Loan   26 West Coast Self Storage - Columbia City $0 $0 $0 $0 $45,855 $11,464 $0 $0 $0 $0 $0 N/A
Loan 6 27 Southeast Retail Portfolio $0 $0 $8,879 $0 $22,048 $11,024 $0 $0 $53,820 $974,488 $0 Ollie's Reserve; Del Taco Reserve
Property   27.01 Whitfield Square Shopping Center                        
Property   27.02 Mooreland Shopping Center                        
Loan   28 Ayres Hotel Orange $0 $0 $0 $0 $54,507 $18,169 $0 $0 $7,313 $60,000 $0 Orange Parking Authority Reserve
Loan   29 The Hub Shopping Center $0 $0 $6,275 $125,000 $40,399 $13,466 $3,940 $3,940 $0 $0 $0 N/A
Loan   30 6410 Halsey $0 $0 $0 $0 $11,208 $11,208 $955 $955 $0 $0 $0 N/A
Loan   31 Oaktree Plaza - Denton $40,000 $300,000 $4,328 $300,000 $22,539 $22,539 $3,971 $3,971 $225,000 $0 $0 N/A
Loan 6, 7 32 Bradenton Cascade Office Portfolio $0 $300,000 $10,000 $450,000 $236,194 $33,742 $0 $0 $54,938 $0 $0 N/A
Property   32.01 Cascade I                        
Property   32.02 Bradenton Office                        
Property   32.03 Cascade II                        
Property   32.04 Cascade V                        
Loan   33 Laurel Square $21,284 $0 $4,139 $148,990 $132,909 $18,987 $0 $0 $0 $0 $0 N/A
Loan   34 Easton Commons $0 $350,000 $5,622 $500,000 $216,030 $18,003 $0 $0 $15,625 $35,808 $0 Environmental Escrow
Loan   35 Murphy Crossing Shopping Center $0 $250,000 $0 $250,000 $50,674 $25,337 $0 $0 $0 $0 $0 N/A
Loan   36 7701 & 7721 Eastchase Parkway $0 $0 $0 $0 $26,252 $4,375 $0 $0 $2,250 $0 $0 N/A
Loan   37 325 W. 45th Street Owners Corp. $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan   38 Courtyard - Charlotte Matthews $0 $0 $0 $0 $18,241 $9,121 $0 $0 $0 $0 $0 N/A
Loan   39 Ayres Hotel Spa Mission Viejo $0 $0 $0 $0 $28,973 $9,658 $0 $0 $6,000 $0 $0 N/A
Loan   40 Twin Fountains Plaza $0 $0 $3,844 $184,496 $12,063 $12,063 $0 $0 $4,875 $0 $0 N/A
Loan   41 18 West 25th Street $0 $0 $0 $0 $0 $0 $1,108 $1,108 $0 $0 $0 N/A
Loan   42 Music City Shopping Center $23,432 $0 $6,509 $312,420 $7,929 $7,929 $6,476 $3,238 $0 $0 $0 N/A
Loan   43 Reston Business Campus $0 $0 $0 $0 $0 $0 $0 $0 $0 $6,800 $0 Tenant Reserve
Loan   44 400 East 77th Street Owners, Inc. $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan   45 125 Old Gate Lane $0 $0 $0 $0 $62,322 $31,161 $0 $0 $0 $0 $0 N/A
Loan   46 113-14 Owners Corp. $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan   47 Lockaway Storage - Boerne $30,465 $0 $0 $0 $8,487 $4,243 $0 $0 $0 $0 $0 N/A
Loan   48 Whispering Ridge $0 $0 $5,806 $300,000 $84,198 $12,028 $0 $0 $0 $0 $0 N/A
Loan   49 Village Square At Five Parks $0 $0 $0 $0 $53,940 $17,980 $4,098 $4,098 $10,000 $0 $0 N/A
Loan   50 Summit Park A $32,100 $0 $3,344 $160,525 $14,472 $14,472 $0 $0 $0 $0 $0 N/A
Loan   51 Comfort Inn - Pinehurst N/A $0 $0 $0 $0 $3,717 $12,499 $3,125 $0 $440,000 $0 PIP reserve
Loan   52 Safeway-WA $0 $0 $0 $0 $0 $0 $0 $0 $0     N/A
Loan   53 Huntsville Self Storage - Madison $0 $0 $0 $0 $5,830 $2,915 $0 $0 $10,688 $43,500 $0 Environmental Reserve
Loan 14 54 Long Beach Storage Center $10,075 $0 $0 $0 $21,404 $5,351 $3,418 $1,709 $31,781 $45,562 $0 Sprint Upfront Reserve
Loan 9 55 Grand Oaks Plaza $25,081 $105,000 $3,000 $105,000 $22,308 $7,436 $13,874 $1,982 $0 $202,400 $0 Existing TI/LC Reserve; Rent Concession Reserve
Loan 15 56 Volvo Commons $0 $220,000 $0 $220,000 $9,804 $3,268 $0 $0 $0 $13,303 $0 Tidewater Mortgage Gap Rent Reserve
Loan   57 155 Hill Street $0 $0 $0 $0 $9,290 $9,290 $0 $0 $0 $0 $0 N/A
Loan   58 Perrysburg Market Square $6,966 $0 $1,935 $116,093 $17,287 $5,762 $1,467 $489 $0 $92,356 $0 Verizon Free Rent; AT&T Free Rent Reserve; AT&T Reserve
Loan   59 Mustang Square $0 $0 $0 $109,470 $23,066 $11,533 $0 $0 $4,500 $55,187 $0 Aspen Catering TI Obligations Reserve; Pride Academy TI Obligations Reserve
Loan 16 60 39 Forrest Street $4,032 $65,000 $1,243 $65,000 $3,213 $3,213 $1,762 $881 $0 $0 $0 N/A
Loan   61 225 West Roosevelt Road $0 $0 $2,391 $191,250 $59,570 $8,510 $960 $960 $0 $0 $0 N/A
Loan   62 36 Hamilton Avenue Tenants Corp. $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan   63 Chester Hill Apartment Corporation $0 $0 $0 $0 $0 $0 $0 $0 $0 $500,000 $0 Collateral Security Agreement For Capital Improvements
Loan   64 759 Hillside Avenue Owners, Inc. $0 $0 $0 $0 $95,513 $36,511 $0 $0 $0 $750,000 $0 Collateral Security Agreement For Capital Improvements
Loan   65 Carnegie Center $7,844 $0 $2,043 $98,055 $11,094 $1,849 $1,345 $672 $0 $66,103 $0 Earthwise Gap Rent and Free Rent Reserve; Earthwise TI Obligations Reserve; Earthwise LC Obligations Reserve
Loan   66 McDonough Flex $0 $250,000 $3,000 $100,000 $20,216 $5,054 $0 $0 $0 $0 $0 N/A
Loan   67 Lexington Square Townhouses, Inc. $0 $0 $0 $0 $37,905 $9,476 $0 $0 $0 $0 $0 N/A
Loan   68 214 Clinton St./147 Pacific St. Owners Corp. $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan   69 Fountain Terrace Owners, Inc. $0 $0 $0 $0 $22,750 $22,750 $0 $0 $0 $0 $0 N/A
Loan   70 Haven Equities, Inc. $0 $0 $0 $0 $0 $0 $0 $0 $0 $40,000 $0 Negative Carry Collateral Security Agreement
Loan   71 110 Thompson St. Owners Corp. $0 $0 $0 $0 $15,000 $15,000 $0 $0 $0 $0 $0 N/A
Loan   72 Americas Storage Space $0 $0 $0 $0 $1,530 $765 $0 $0 $4,188 $0 $0 N/A
Loan   73 Hartsdale Towers Owners Corp. $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 N/A
Loan   74 Fort Apt. Corp. $0 $0 $0 $0 $25,577 $25,577 $0 $0 $0 $0 $0 N/A
Loan   75 Wildwood Tenants Corporation $0 $0 $0 $0 $124,037 $14,392 $0 $0 $0 $140,000 $0 Collateral Security Agreement RE: Tank Removal

 

A-1-9

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name   Appraisal
Report Date
Environmental
Phase I
Report Date
Environmental
Phase II
Report Date
Engineering
Report Date
Seismic
Report Date
Seismic Zone (Y/N) PML %   Cut-off Date
Pari Passu Mortgage
Debt Balance
Coop - Committed Secondary Debt 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
  Coop - Rental Value Coop - LTV as Rental Coop - Unsold Percent Coop - Sponsor Units Coop - Investor Units Coop - Coop Units Coop - Sponsor/
Investor Carry
Loan 6, 7, 9 1 FTERE Bronx Portfolio 3                                                        
Property   1.01 1264-1270 Gerard Avenue   1/24/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Property   1.02 3018 Heath Avenue   1/24/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Property   1.03 1576 Taylor Avenue   1/22/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Property   1.04 1299 Grand Concourse   1/24/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Property   1.05 2500 University Avenue   1/21/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Property   1.06 2505 Aqueduct Avenue   1/21/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Property   1.07 2785-2791 Sedgwick Avenue   1/21/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Property   1.08 1945 Loring Place South   1/21/2020 12/30/2019 N/A 12/30/2019 N/A No N/A                                        
Loan 5 2 Bravern Office Commons   12/17/2019 10/31/2019 N/A 11/8/2019 11/8/2019 Yes - 3 7.0%   $153,000,000   $76,000,000 50.2% 3.40x 11.5%                          
Loan 5, 8 3 560 Mission Street   10/31/2019 11/25/2019 N/A 11/18/2019 11/18/2019 Yes - 4 9.0%   $230,000,000     35.6% 5.23x 14.2%                          
Loan 5 4 200 West 57th Street   12/12/2019 12/11/2019 N/A 12/11/2019 N/A No N/A   $45,000,000     62.2% 1.93x 7.5%                          
Loan 5, 8 5 545 Washington Boulevard   12/5/2019 8/15/2019 N/A 8/15/2019 N/A No N/A   $191,606,250     61.4% 2.50x 8.8%                          
Loan 5 6 55 Hudson Yards   11/6/2019 10/9/2019 N/A 10/4/2019 N/A No N/A   $888,300,000   $300,000,000 51.9% 2.69x 8.3%                          
Loan 6, 7, 9, 10, 11 7 AD1 Hotel Portfolio                                                        
Property   7.01 Residence Inn Hartford Avon   11/25/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Property   7.02 Holiday Inn Melbourne-Viera Conference Center   10/22/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Property   7.03 Candlewood Suites Fort Myers Sanibel Gateway   11/22/2019 10/16/2019 N/A 10/18/2019 N/A No N/A                                        
Property   7.04 Comfort Inn International Drive   10/22/2019 10/17/2019 N/A 10/18/2019 N/A No N/A                                        
Property   7.05 Wyndham Garden Tallahassee Capitol   11/21/2019 11/27/2019 N/A 11/27/2019 N/A No N/A                                        
Property   7.06 Holiday Inn Savannah South - I-95 Gateway   10/22/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Loan 5, 8 8 1633 Broadway   11/6/2019 10/30/2019 N/A 10/30/2019 N/A No N/A   $961,000,000   $249,000,000 52.1% 3.08x 9.5%                          
Loan 5, 8, 12, 13 9 Bellagio Hotel and Casino   11/12/2019 11/6/2019 N/A 11/6/2019 N/A No N/A   $1,641,200,000   $1,333,800,000 70.7% 4.06x 15.7%                          
Loan 6, 7 10 F Street and K Street Office Portfolio                                                        
Property   10.01 1612 K Street Northwest   1/20/2020 12/19/2019 N/A 12/19/2019 N/A No N/A                                        
Property   10.02 1319 F Street Northwest   1/13/2020 12/19/2019 N/A 12/19/2019 N/A No N/A                                        
Loan   11 Marriott Richmond Dual Brand   12/15/2019 12/18/2019 N/A 12/18/2019 N/A No N/A                                        
Loan 8 12 Steeples Apartments   12/5/2019 11/20/2019 N/A 11/20/2019 N/A No N/A                                        
Loan   13 Coral Sky Plaza   12/12/2019 12/3/2019 N/A 12/3/2019 N/A No N/A                                        
Loan   14 Embassy Suites - Charlotte   11/6/2019 11/4/2019 N/A 11/5/2019 N/A No N/A                                        
Loan   15 Prince William Square   11/26/2019 1/15/2020 N/A 11/25/2019 N/A No N/A                                        
Loan   16 Pacific Plaza Tacoma   12/17/2019 11/25/2019 N/A 11/25/2019 11/22/2019 Yes - 3 9.0%                                        
Loan 6, 9 17 OSU Hotel Portfolio                                                        
Property   17.01 Staybridge Suites - Columbus   1/13/2020 11/27/2019 N/A 1/14/2020 N/A No N/A                                        
Property   17.02 Holiday Inn Express & Suites - Columbus   1/13/2020 12/2/2019 N/A 11/20/2019 N/A No N/A                                        
Loan   18 Residence Inn - Amelia Island   10/4/2019 11/5/2019 N/A 11/6/2019 N/A No N/A                                        
Loan   19 Marketfair Shopping Center   12/3/2019 11/15/2019 N/A 11/14/2019 N/A No N/A                                        
Loan 6, 7, 8 20 Forsyth Multifamily Portfolio                                                        
Property   20.01 74 Forsyth Street   1/28/2020 12/10/2019 N/A 12/9/2019 N/A No N/A                                        
Property   20.02 104 Forsyth Street   1/28/2020 12/11/2019 N/A 12/9/2019 N/A No N/A                                        
Property   20.03 72 Forsyth Street   1/28/2020 12/10/2019 N/A 12/9/2019 N/A No N/A                                        
Loan 5, 6, 7 21 Giant Anchored Portfolio                   $78,500,000     74.3% 1.52x 9.1%                          
Property   21.01 Parkway Plaza   10/14/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Property   21.02 Aston Center   10/31/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Property   21.03 Spring Meadow   10/31/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Property   21.04 Scott Town Center   11/6/2019 9/23/2019 N/A 10/18/2019 N/A No N/A                                        
Property   21.05 Creekside Market Place   11/6/2019 10/15/2019 N/A 10/18/2019 N/A No N/A                                        
Property   21.06 Stonehedge Square   10/31/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Property   21.07 Ayr Town Center   10/31/2019 10/18/2019 N/A 10/18/2019 N/A No N/A                                        
Loan   22 Roseburg Valley Marketplace   12/11/2019 11/27/2019 N/A 12/2/2019 11/27/2019 Yes - 3 6.0%                                        
Loan   23 University Marketplace   12/17/2019 11/18/2019 N/A 11/18/2019 N/A No N/A                                        
Loan 7, 8 24 Vesta Lofts Apartments   1/13/2020 1/3/2020 N/A 12/19/2019 N/A No N/A                                        
Loan   25 Courtyard - Columbia Downtown   11/26/2019 11/12/2019 N/A 11/5/2019 N/A No N/A                                        
Loan   26 West Coast Self Storage - Columbia City   12/18/2019 11/26/2019 N/A 11/26/2019 11/26/2019 Yes - 3 9.0%                                        
Loan 6 27 Southeast Retail Portfolio                                                        
Property   27.01 Whitfield Square Shopping Center   1/9/2020 11/26/2019 N/A 11/27/2019 N/A No N/A                                        
Property   27.02 Mooreland Shopping Center   1/2/2020 12/2/2019 12/12/2019 11/27/2019 N/A No N/A                                        
Loan   28 Ayres Hotel Orange   12/17/2019 11/21/2019 N/A 11/21/2019 11/21/2019 Yes - 4 10.0%                                        
Loan   29 The Hub Shopping Center   12/18/2019 12/19/2019 N/A 12/3/2019 N/A No N/A                                        
Loan   30 6410 Halsey   12/12/2019 12/10/2019 N/A 12/10/2019 12/6/2019 Yes - 3 15.0%                                        
Loan   31 Oaktree Plaza - Denton   12/2/2019 11/15/2019 N/A 11/15/2019 N/A No N/A                                        
Loan 6, 7 32 Bradenton Cascade Office Portfolio                                                        
Property   32.01 Cascade I   12/5/2019 11/7/2019 N/A 11/7/2019 N/A No N/A                                        
Property   32.02 Bradenton Office   12/5/2019 11/7/2019 N/A 11/7/2019 N/A No N/A                                        
Property   32.03 Cascade II   12/5/2019 11/7/2019 N/A 11/7/2019 N/A No N/A                                        
Property   32.04 Cascade V   12/5/2019 11/7/2019 N/A 11/7/2019 N/A No N/A                                        
Loan   33 Laurel Square   12/20/2019 12/4/2019 N/A 12/4/2019 N/A No N/A                                        
Loan   34 Easton Commons   9/13/2019 8/21/2019 11/6/2019 8/21/2019 N/A No N/A                                        
Loan   35 Murphy Crossing Shopping Center   11/13/2019 11/19/2019 N/A 11/18/2019 N/A No N/A                                        
Loan   36 7701 & 7721 Eastchase Parkway   12/19/2019 12/16/2019 N/A 12/16/2019 N/A No N/A                                        
Loan   37 325 W. 45th Street Owners Corp.   2/3/2020 12/10/2019 N/A 12/11/2019 N/A No N/A     $1,000,000   8.5% 6.19x 22.2%             $44,600,000 18.4% 3.7%     8 N/A
Loan   38 Courtyard - Charlotte Matthews   11/8/2019 11/11/2019 N/A 11/11/2019 N/A No N/A                                        
Loan   39 Ayres Hotel Spa Mission Viejo   12/17/2019 11/13/2019 N/A 11/13/2019 11/13/2019 Yes - 4 6.0%                                        
Loan   40 Twin Fountains Plaza   12/6/2019 9/25/2019 N/A 11/12/2019 N/A No N/A                                        
Loan   41 18 West 25th Street   10/24/2019 9/20/2019 N/A 9/20/2019 N/A No N/A                                        
Loan   42 Music City Shopping Center   8/30/2019 9/3/2019 N/A 9/3/2019 N/A No N/A                                        
Loan   43 Reston Business Campus   10/30/2019 10/17/2019 N/A 10/17/2019 N/A No N/A                                        
Loan   44 400 East 77th Street Owners, Inc.   11/18/2019 11/8/2019 N/A 11/11/2019 N/A No N/A     $500,000   6.3% 8.03x 41.8%             $62,700,000 10.7% 16.4% 17 8   -$59,437
Loan   45 125 Old Gate Lane   1/4/2020 11/27/2019 N/A 11/27/2019 N/A No N/A                                        
Loan   46 113-14 Owners Corp.   2/3/2020 12/23/2019 N/A 12/24/2019 N/A No N/A     $500,000   12.2% 6.07x 21.8%             $34,300,000 18.5% 0.9% 1     $10,757
Loan   47 Lockaway Storage - Boerne   12/9/2019 11/15/2019 N/A 11/15/2019 N/A No N/A                                        
Loan   48 Whispering Ridge   12/20/2019 11/22/2019 N/A 11/21/2019 N/A No N/A                                        
Loan   49 Village Square At Five Parks   1/9/2020 12/2/2019 N/A 12/11/2019 N/A No N/A                                        
Loan   50 Summit Park A   12/3/2019 11/21/2019 N/A 11/21/2019 N/A No N/A                                        
Loan   51 Comfort Inn - Pinehurst   10/24/2019 10/10/2019 N/A 10/10/2019 N/A No N/A                                        
Loan   52 Safeway-WA   1/6/2020 5/3/2019 N/A 1/21/2020 N/A No N/A                                        
Loan   53 Huntsville Self Storage - Madison   9/20/2019 9/23/2019; 9/30/2019 11/15/2019 9/20/2019 N/A No N/A                                        
Loan 14 54 Long Beach Storage Center   11/18/2019 N/A N/A 11/18/2019 11/18/2019 Yes - 4 18.0%                                        
Loan 9 55 Grand Oaks Plaza   11/13/2019 N/A N/A 11/1/2019 N/A No N/A                                        
Loan 15 56 Volvo Commons   12/17/2019 12/9/2019 N/A 12/10/2019 N/A No N/A                                        
Loan   57 155 Hill Street   12/18/2019 11/27/2019 N/A 11/27/2019 N/A No N/A                                        
Loan   58 Perrysburg Market Square   1/2/2020 12/19/2019 N/A 12/19/2019 N/A No N/A                                        
Loan   59 Mustang Square   11/25/2019 11/14/2019 N/A 11/14/2019 N/A No N/A                                        
Loan 16 60 39 Forrest Street   12/18/2019 N/A N/A 12/12/2019 12/3/2019 Yes - 4 18.0%                                        
Loan   61 225 West Roosevelt Road   11/15/2019 9/19/2019 N/A 11/14/2019 N/A No N/A                                        
Loan   62 36 Hamilton Avenue Tenants Corp.   1/7/2020 11/21/2019 N/A 11/21/2019 N/A No N/A     $300,000   18.5% 6.87x 32.1%             $28,600,000 15.7% 2.6%   3   N/A
Loan   63 Chester Hill Apartment Corporation   1/20/2020 1/15/2020 N/A 1/16/2020 N/A No N/A     $500,000   38.2% 4.86x 22.7%             $18,500,000 24.3% 11.7% 12     $77,810
Loan   64 759 Hillside Avenue Owners, Inc.   12/9/2019 1/10/2020 N/A 1/10/2020 N/A No N/A     $350,000   19.5% 6.13x 32.5%             $24,000,000 16.7% 32.9% 49     $315,772
Loan   65 Carnegie Center   11/26/2019 11/12/2019 N/A 11/12/2019 N/A No N/A                                        
Loan   66 McDonough Flex   12/17/2019 8/22/2019 N/A 11/26/2019 N/A No N/A                                        
Loan   67 Lexington Square Townhouses, Inc.   1/28/2020 1/24/2020 N/A 1/24/2020 N/A No N/A     N/A                     $17,600,000 17.7% 0.7%     2 N/A
Loan   68 214 Clinton St./147 Pacific St. Owners Corp.   12/2/2019 10/21/2019 N/A 10/22/2019 N/A No N/A     $2,000,000   24.0% 3.31x 13.5%             $11,550,000 24.2% 38.2%     13 N/A
Loan   69 Fountain Terrace Owners, Inc.   1/30/2020 1/22/2020 N/A 1/24/2020 N/A No N/A     $500,000   10.4% 9.78x 45.4%             $29,700,000 8.4% 4.0% 4     $12,346
Loan   70 Haven Equities, Inc.   1/9/2020 11/27/2019 N/A 12/2/2019 N/A No N/A     $250,000   8.0% 8.23x 43.8%             $25,400,000 8.8% 13.2% 7     -$24,587
Loan   71 110 Thompson St. Owners Corp.   1/8/2020 1/9/2020 N/A 1/13/2020 N/A No N/A     $500,000   20.5% 3.69x 19.7%             $10,550,000 21.3% 26.7% 8     $140,623
Loan   72 Americas Storage Space   12/10/2019 12/10/2019 N/A 12/10/2019 N/A No N/A                                        
Loan   73 Hartsdale Towers Owners Corp.   1/17/2020 12/26/2019 N/A 12/23/2019 N/A No N/A     $250,000   22.4% 4.61x 24.6%             $8,900,000 21.3% 6.0%   2 1 -$2,253
Loan   74 Fort Apt. Corp.   1/24/2020 1/21/2020 N/A 1/27/2020 N/A No N/A     N/A                     $10,550,000 15.2% 48.3% 28     $274,629
Loan   75 Wildwood Tenants Corporation   11/22/2019 10/21/2019 N/A 10/21/2019 N/A No N/A     $500,000   23.0% 4.15x 22.6%             $8,000,000 18.7%         N/A

 

A-1-10

 

 

BANK 2020-BNK26
Footnotes to Annex A-1

 

(1) MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, National Association; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association;  NCB—National Cooperative Bank, N.A.; NCCB—National Consumer Cooperative Bank.
   
(2) Certain tenants may not be in occupancy or may be in free rent periods. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this preliminary prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans which are not in occupancy or are in free rent periods.
   
(3) The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan.
   
(4) Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans.
   
(5) Each of the Bravern Office Commons Mortgage Loan (Mortgage Loan No. 2), the 560 Mission Street Mortgage Loan (Mortgage Loan No. 3), the 200 West 57th Street Mortgage Loan (Mortgage Loan No. 4), the 545 Washington Boulevard Mortgage Loan (Mortgage Loan No. 5), the 55 Hudson Yards Mortgage Loan (Mortgage Loan No. 6), the 1633 Broadway Mortgage Loan (Mortgage Loan No. 8), the Bellagio Hotel and Casino Mortgage Loan (Mortgage Loan No. 9) and the Giant Anchored Portfolio Mortgage Loan (Mortgage Loan No. 21) is part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit/Room calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “—The Bravern Office Commons Pari Passu-A/B Whole Loan”, “—The 55 Hudson Yards Pari Passu-A/B Whole Loan”, “—The 1633 Broadway Pari Passu-A/B Whole Loan”, “—The Bellagio Hotel and Casino Pari Passu-A/B Whole Loan” and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this preliminary prospectus.
   
(6) With respect to Mortgage Loan No. 1, FTERE Bronx Portfolio 3, Mortgage Loan No. 7, AD1 Hotel Portfolio, Mortgage Loan No. 10, F Street and K Street Office Portfolio, Mortgage Loan No. 17, OSU Hotel Portfolio, Mortgage Loan No. 20, Forsyth Multifamily Portfolio, Mortgage Loan No. 21, Giant Anchored Portfolio, Mortgage Loan No. 27, Southeast Retail Portfolio and Mortgage Loan No. 32, Bradenton Cascade Office Portfolio, each such Mortgage Loan is secured by multiple properties.  For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit/Room calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or Underwritten NCF, among other methods.  
   
(7) With respect to Mortgage Loan No. 1, FTERE Bronx Portfolio 3, Mortgage Loan No. 7, AD1 Hotel Portfolio, Mortgage Loan No. 10, F Street and K Street Office Portfolio, Mortgage Loan No. 20, Forsyth Multifamily Portfolio, Mortgage Loan No. 21, Giant Anchored Portfolio, Mortgage Loan No. 24, Vesta Lofts Apartments and Mortgage Loan No. 32, Bradenton Cascade Office Portfolio, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related Mortgage Loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Releases; Partial Releases; Property Additions” in this preliminary prospectus.
   
(8) With respect to Mortgage Loan No. 3, 560 Mission Street, Mortgage Loan No. 5, 545 Washington Boulevard, Mortgage Loan No. 8, 1633 Broadway, Mortgage Loan No. 9, Bellagio Hotel and Casino, Mortgage Loan No.12, Steeples Apartments, Mortgage Loan No. 20, Forsyth Multifamily Portfolio and Mortgage Loan No. 24, Vesta Lofts Apartments, the related mortgage loan documents permit future subordinate secured financing or mezzanine financing and/or preferred equity generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in this preliminary prospectus.
   
(9) With respect to Mortgage Loan No. 1, FTERE Bronx Portfolio 3, Appraised Value (i) for the 1264-1270 Gerard Avenue Mortgaged Property includes $2,200,000 attributable to the net present value of a J-51 tax exemption which has been applied for but had not been approved as of the loan origination date, $150,000 attributable to the net present value of two J-51 tax abatements which the borrowers have informed the lender that they intend to apply for but had not been applied for as of the loan origination date and a third J-51 tax abatement which has been applied for but had not been approved as of the loan

 

A-1-11

 

 

  origination date, and $1,200,000 attributable to a major capital improvements program (“MCI Program”) rent increase, which the borrowers have informed the lender that they intend to apply for but had not been applied for as of the loan origination date; (ii) for the 3018 Heath Avenue Mortgaged Property includes $100,000 attributable to a J-51 tax abatement and $200,000 attributable to an MCI program rent increase, each of which has been applied for but had not been approved as of the loan origination date; (iii) for the 1576 Taylor Avenue Mortgaged Property includes $100,000 attributable to the net present value of one J-51 tax abatement, and $300,000 attributable to an MCI program rent increase, each of which has been applied for but had not been approved as of the loan origination date; (iv) for the 1299 Grand Concourse Mortgaged Property includes  $30,000 attributable to a J-51 tax abatement, which has been applied for but had not been approved as of the loan origination date; (v) for the 2500 University Avenue Mortgaged Property includes  $100,000 attributable to two J-51 tax abatements which the  borrowers have informed the lender that they intend to apply for but had not been applied for as of the loan origination date, and $550,000 attributable to two MCI program rent increases which the borrowers have applied for but had not been approved as of the loan origination date; (vi) for the 2505 Aqueduct Avenue Mortgaged Property includes $50,000 attributable to three J-51 tax abatements and $600,000 attributable to two MCI program rent increases, all of which the borrowers have informed the lender that they intend to apply for but had not been applied for as of the loan origination date; and (vii) for the 1945 Loring Place South Mortgaged Property includes $970,000 attributable to one J-51 tax exemption, which has been applied for but had not been approved as of the loan origination date.
   
  The FTERE Bronx Portfolio 3 Mortgage Loan documents provide for an upfront reserve of $2,500,000 with respect to the applied for or intended to be applied for  J-51 exemptions, J-51 abatements, and MCI Program rent increases, as applicable for the related Mortgaged Properties, which will be released or applied to prepay the Mortgage Loan as described under the definition of “Appraised Value” set forth under “Description of the Mortgage Pool—Certain Calculations and Definitions—Definitions” in the Preliminary Prospectus.
   
  With respect to Mortgage Loan No. 7, AD1 Hotel Portfolio, the Appraised Value shown reflects a portfolio value of $73,000,000, which includes a 5.0% portfolio premium. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio assuming the aggregate values of the individual properties of $69,500,000 based on the mortgage loan balance net of the $1,000,000 Capitalized Holdback Reserve are 67.6% and 55.1%, respectively, and based on the full mortgage loan balance are 69.1% and 56.5%, respectively.
   
  With respect to Mortgage Loan No. 17, OSU Hotel Portfolio, the Appraised Value for Holiday Inn Express & Suites - Columbus reflects a “When Complete” value as of December 1, 2020, which assumes capital expenditures of $1,797,322 are complete, of which $1,006,394 remained as of the initial closing date. At origination, the lender reserved $1,207,673, representing 120% of the remaining capital expenditures. The aggregate “As-Is” value of $32,400,000 results in a Cut-off Date LTV Ratio and a Maturity Date LTV Ratio of 70.9% and 56.1%, respectively.
   
  With respect to Mortgage Loan No. 55, Grand Oaks Plaza, the Appraised Value assumes the first and third largest tenant (21,608 square feet), representing 51.7% of net rentable square feet, are in occupancy and paying full, unabated rent. The largest tenant is in occupancy and paying full, unabated rent.  The third largest tenant is in occupancy but has a rent abatement period until November 2020.  A reserve was taken for all outstanding free rent.  The appraised value assuming the first and third largest tenants are not in occupancy and paying full, unabated rent is $8,000,000.  The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $8,000,000 appraised value are 62.4% and 49.7%, respectively.
   
(10) With respect to Mortgage Loan No. 7, AD1 Hotel Portfolio, five mortgaged properties were refinanced and one mortgaged property, Residence Inn Hartford Avon, was acquired for a purchase price of $14,100,000.
   
(11) With respect to Mortgage Loan No. 7, AD1 Hotel Portfolio, UW NOI Debt Yield, UW NCF Debt Yield, Cut-off Date LTV Ratio and Maturity Date LTV Ratio are shown based on a loan amount of $47,000,000, which is net of the $1,000,000 Capitalized Holdback Reserve held by the lender, which will be released to the borrower, provided no event of default is continuing, upon the trailing twelve month debt yield reaching 11.0%. If the reserve disbursement request is not delivered within the first two years following the securitization of the mortgage loan, the funds in the Capitalized Holdback Reserve are required to be used to partially defease the mortgage loan. The UW NOI Debt Yield, UW NCF Debt Yield, Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the full mortgage loan amount of $48,000,000 are 12.7%, 10.7%, 65.8% and 53.8%, respectively.
   
(12) With respect to Mortgage Loan No. 9, Bellagio Hotel and Casino, 29.6% of underwritten revenues were from gaming, 28.4% from hotel, 24.7% from food & beverage, 9.0% from entertainment and 8.3% from other sources.
   
(13) With respect to Mortgage Loan No. 9, Bellagio Hotel and Casino, the Mortgaged Property was acquired by the borrower in a sale-leaseback transaction from Bellagio, LLC, an indirectly wholly owned subsidiary of MGM Resorts International, which entered into a new 30-year lease, with two 10-year extension options to operate the Mortgaged Property (the “Bellagio Lease”). The Bellagio tenant owns a 5% equity interest in the borrower. Financial and other information in this preliminary prospectus is presented on a “look through” basis, before rent due under the Bellagio Lease. For so long as the Bellagio Lease is in effect, the borrower will be entitled only to the rent due under the Bellagio Lease and not to the underlying rent and other income from the Mortgaged Property. The initial Bellagio Lease annual rent is $245,000,000, and debt service coverage ratio and debt yield for the Bellagio Hotel and Casino Whole Loan based on such initial annual rent are 2.19x and 8.1%, respectively.

 

A-1-12

 

 

   
(14) With respect to Mortgage Loan No. 54, Long Beach Storage Center, the number of units includes 2,110 square feet of executive suites rented on a month to month basis.
   
(15) With respect to Mortgage Loan No. 56, Volvo Commons, if the largest tenant, Metro Diner renews its lease, or a replacement lease is entered into, in each case for a term of no less than three years and rent no less than the current rent paid by Metro Diner as of November 1, 2027, the TI/LC reserve monthly deposit will be reduced to $1,617.83 and the TI/LC Cap will be reduced to $200,000.
   
(16) With respect to Mortgage Loan No. 60, 39 Forrest Street, the Appraised Value of $6,820,000 includes value attributed to the largest tenant (3,700 square feet), representing 49.6% of net rentable square feet, which is affiliated with the borrower.  The appraised value assuming the largest tenant’s space is leased and occupied at a market rate is $6,690,000.  The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $6,690,000 appraised value is 68.4%.
   
A. “Yield Maintenance Premium” means an amount equal to the greater of the following two amounts: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which (x) the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Prepayment Date (assuming the outstanding principal balance of the loan is due on the Open Prepayment Date), from the Open Prepayment Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield exceeds (y) 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.
   
B. “Yield Maintenance Amount” means the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Open Prepayment Date (including any balloon payment), without duplication of accrued interest collected through or on the Repayment Date, determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date. “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Treasury Rate compounded semi-annually. “Treasury Rate” means 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 date that is five (5) Business Days prior to the Repayment 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 will select a comparable publication to determine the Treasury Rate.)
   
C. “Prepayment Fee” means an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) one percent (1%) of the unpaid principal balance of the Note as of the Repayment Date.
   
  “Yield Maintenance Amount” means the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Open Prepayment Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date.
   
  “Repayment Date” means the date of a defeasance or prepayment (as applicable) of the loan pursuant to the provisions of Section 2.4 hereof.
   
  “Discount Rate” means the rate which, when compounded monthly, is equivalent to the lesser of (i) the Treasury Rate and (ii) the Swap Rate, each when compounded semi annually.
   
  “Swap Rate” means the yield calculated by the linear interpolation of mid-market swap yields, as reported on Reuters Capital Markets screen 19901 (SEMI-BOND column), with maturities (one longer and one shorter) most nearly approximating the Stated Maturity Date (in the event Reuters Capital Markets screen 19901 is no longer available, Lender will select a comparable publication to determine such yield).
   
  “Treasury Rate” means 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 Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Prepayment Date. (In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Treasury Rate.)
   
  Prepayment/Repayment Conditions.
  (a) On the date on which a prepayment, voluntary or mandatory, is made under the Note or as required under the loan agreement, which date must be a Business Day, Borrower is required to pay to Lender all unpaid interest on the portion of the Outstanding Principal Balance prepaid plus, if the Repayment Date is not a Monthly Payment Date, all interest accruing for the full Interest Period in which the Repayment Date falls. (b) On the Repayment Date, Borrower is required to pay to Lender (i) the Prepayment Fee (if such payment is made prior to the Open Prepayment Date), (ii) in the event the payment occurs on or prior to the Defeasance Lockout Expiration Date, the Liquidated Damages Amount and (iii) all other sums, then due under the Note, the loan agreement, the Mortgage, and the other loan documents. (c) Borrower is required to pay all reasonable out-of-pocket costs and expenses of Lender incurred in connection with the repayment or prepayment (including without limitation,

 

A-1-13

 

 

  any costs and expenses associated with a release of the Lien of the Mortgage as set forth in Section 2.5 below and reasonable out-of-pocket attorneys’ fees and expenses).
   
D. “Yield Maintenance Premium” means an amount equal to the greater of (a) one-half of one percent (0.50%) of the outstanding principal amount of the loan to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest under the loan assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the applicable Note is paid on the Permitted Par Prepayment Date (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the Prepayment Rate when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding Payment Date in the event such payment is not made on a Payment Date), over (ii) the principal amount being prepaid.
   
E. “Applicable Percentage” means, as applicable, (i) in connection with any prepayment made pursuant to Section 2.7(d) hereof and provided that no Event of Default then exists, 1%, or (ii) in connection with any other prepayment of the Debt, 3%.
   
  “Yield Maintenance Premium” means an amount equal to the greater of the following two amounts: (a) an amount equal to the Applicable Percentage 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 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 (assuming the outstanding principal balance of the loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the loan as of the prepayment date, multiplied by (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” means (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, will be conclusive and binding on Borrower absent manifest error.
   
  2.7(d) Prepayments Prior to Open Period Start Date. Subject to Section 2.7(c), on and after the Permitted Prepayment Date, through but not including the Open Period Start Date, Borrower may, at its option and upon at least thirty (30) days’ (and no greater than ninety (90) days’) prior notice to Lender (which notice must specify the proposed prepayment date), prepay the Debt in whole (but not in part), on any date, provided that such prepayment is accompanied by (i) the Yield Maintenance Premium, (ii) Interest Shortfall, (iii) the outstanding principal balance, (iv) all accrued and unpaid interest and (v) other amounts payable under the loan documents. If a notice of prepayment is given by Borrower to Lender pursuant to this Section 2.7(d), the amount designated for prepayment and all other sums required under this Section 2.7(d) will be due and payable on the proposed prepayment date.
   
F. “Yield Maintenance Premium” means an amount equal to the greater of (i) one percent (1%) of the outstanding principal amount of the loan being prepaid and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the outstanding principal amount of the loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” means the per annum rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
G. "Yield Maintenance" means an amount equal to the greater of (i) one percent (1%) of the principal amount of the loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, "Reinvestment Yield" means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15- Selected Interest Rates under the heading "U.S. government securities" and the sub-heading "Treasury constant maturities" for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Reinvestment

 

A-1-14

 

 

  Yield. The "Prepayment Calculation Date" means, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender's calculation of Yield Maintenance will be conclusive and binding absent manifest error.
   
H. “Yield Maintenance” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the loan through and including the Open Date each equal to the amount of interest which would be due on the principal amount of the loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the 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 Open Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” means, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance will be conclusive and binding absent manifest error.
   
I. “Yield Maintenance Premium” means 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” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of 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” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
J. "Yield Maintenance Premium" means 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" means the date on which prepayment is made. As used in this definition, the term "Calculated Payments" means the monthly payments of interest only which would be due based on the principal amount of 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" means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term "Yield Maintenance Treasury Rate" means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
K. "Yield Maintenance Premium" is equal to the greater of: (A) One percent (1%) of the amount of principal being prepaid; or (B) The product obtained by multiplying: (1) the amount of principal being prepaid, by (2) the difference obtained by subtracting from the Interest Rate on this Note the Yield Rate (as defined below), on the twenty-fifth Business Day preceding (x) the Noticed Prepayment Date, or (y) the date Payee accelerates the indebtedness evidenced by this Note or, except with respect to a Casualty Prepayment (as to which no Prepayment Premium will be payable), otherwise accepts a prepayment by reason of Payee’s application of any collateral or other security to the repayment of any portion of the unpaid principal balance of this Note prior to the Maturity Date and in the absence of acceleration, by (3) the present value factor calculated using the following formula:
   
  (1 - (1 + r)^(-n/12)) / r
   
  r = Yield Rate
  n = the number of months remaining between (1) either of the following: (x) in the case of a voluntary prepayment, the last day of the month during which the prepayment is made, or (y) in any other case, the date on which Payee accelerates the unpaid principal balance of this Note and (2) the Yield Maintenance Period End Date.

 

A-1-15

 

 

  As used herein, the “Yield Rate” means the yield calculated by interpolating the yields for the immediately shorter and longer term U.S. “Treasury constant maturities” (as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates (the "Fed Release") under the heading "U.S. government securities") closest to the remaining term of the Yield Maintenance Period Term, as follows (rounded to three decimal places):
   
  (((a-b) / (x-y)) x (z-y)) + b
   
  a = the yield for the longer U.S. Treasury constant maturity
  b = the yield for the shorter U.S. Treasury constant maturity
  x = the term of the longer U.S. Treasury constant maturity
  y = the term of the shorter U.S. Treasury constant maturity
  z = “n” (as defined in the present value factor calculation above) divided by 12.
   
  Notwithstanding any provision to the contrary, if “z” equals a term reported under the U.S. “Treasury constant maturities” subheading in the Fed Release, the yield for such term will be used, and interpolation will not be necessary.  If publication of the Fed Release is discontinued by the Federal Reserve Board, Payee will determine the Yield Rate from another source selected by Payee.  Any determination of the Yield Rate by Payee will be binding absent manifest error.
   
L. “Yield Maintenance Premium” means 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” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of 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” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
   
M. “Yield Maintenance” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the loan through and including the Open Prepayment Date each equal to the amount of interest which would be due on the principal amount of the loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Open Prepayment Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” means, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance will be conclusive and binding absent manifest error.
   
N. “Yield Maintenance” means an amount equal to the greater of (i) one percent (1%) of the principal amount of the loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the date of prepayment, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” means, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance will be conclusive and binding absent manifest error.
   
O. “Applicable Percentage” means, as applicable, (i) in connection with any prepayment made pursuant to Section 2.7(d) hereof and provided that no Event of Default then exists, 1%, or (ii) in connection with any other prepayment of the Debt, 3%.
   
  “Yield Maintenance Premium” means an amount equal to the greater of: (a) an amount equal to the Applicable Percentage 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

 

A-1-16

 

 

  prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Maturity Date (assuming the outstanding principal balance of the loan is due on the Maturity Date), from the Maturity 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” means (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Maturity Date (or if two or more such securities have maturity dates equally close to the Maturity 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 (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, will be conclusive and binding on Borrower absent manifest error.
   
  2.7(d) Prepayments Prior to Open Period Start Date. Subject to Section 2.7(c), on and after the Lockout Release Date, through but not including the Open Period Start Date, Borrower may, at its option and upon at least thirty (30) days’ (and no greater than ninety (90) days’) prior notice to Lender (which notice must specify the proposed prepayment date), prepay the Debt in whole (but not in part), on any date, provided that such prepayment is accompanied by (i) the Yield Maintenance Premium, (ii) Interest Shortfall, (iii) the outstanding principal balance, (iv) all accrued and unpaid interest and (v) other amounts payable under the loan documents. If a notice of prepayment is given by Borrower to Lender pursuant to this Section 2.7(d), the amount designated for prepayment and all other sums required under this Section 2.7(d) will be due and payable on the proposed prepayment date.
   
P. “Yield Maintenance Premium” means 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” means the date on which prepayment is made. As used in this definition, the term “Calculated Payments” means the monthly payments of interest only which would be due based on the principal amount of 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” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” means the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender will select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, will Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.

 

A-1-17