FWP 1 n919_x2-a1.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207567-05
     

 

     
 

CFCRE 2017-C8

 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (File No. 333-207567) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission 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 Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Cantor Fitzgerald & Co., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling 1-212-915-1700 or by emailing legal@ccre.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

 

This free writing prospectus does not contain all information that is required to be included in the prospectus and the prospectus supplement. 

 

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION 

 

This material is for your information, and none of Cantor Fitzgerald & Co., UBS Securities LLC, CastleOak Securities, L.P. and Citigroup or any other underwriter (the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any secuderity in any jurisdiction where such an offer or solicitation would be illegal. 

 

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the offering document relating to the CFCRE 2017-C8 Mortgage Trust Commercial Mortgage Pass-Through Certificates (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.

 

This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof. 

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS 

 

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

 
     

 

 

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

                                             
      % of   Mortgage   Cut-off   General Detailed     Net Mortgage Interest Original Remaining Original Remaining   First    
Property     Initial Pool # of Loan Original Date Maturity Property Property Interest Administrative Interest Accrual Term to Term to Amortization Amortization Origination Payment Maturity ARD Loan
Flag ID Property Name Balance Properties Seller(1) Balance($)(2)(3) Balance($)(2)(3) or ARD Balance($) Type(4)(5) Type Rate(6) Fee Rate(7) Rate Basis Maturity or ARD(6) Maturity or ARD(6) Term Term Date Date or ARD Date(6) (Yes/No)(6)
Loan 1 Ohio Valley Plaza 8.5% 1 RMF 55,000,000 55,000,000 50,554,897 Retail Anchored 4.7800% 0.0192% 4.7608% Actual/360 120 119 360 360 04/12/2017 06/06/2017 05/06/2027 No
Loan 2 Pershing Square Building(19)(33) 6.8% 1 CCRE 44,000,000 44,000,000 44,000,000 Mixed Use Office/Retail 4.6421% 0.0467% 4.5954% Actual/360 120 119 0 0 05/01/2017 06/06/2017 05/06/2027 No
Loan 3 Crossings at Hobart(32) 6.6% 1 RMF 43,000,000 42,823,320 33,732,806 Retail Anchored 4.8400% 0.0227% 4.8173% Actual/360 120 117 330 327 03/03/2017 04/06/2017 03/06/2027 No
Loan 4 Yeshiva University Portfolio(32) 5.4% 5 CCRE 35,000,000 35,000,000 31,239,442 Office CBD 4.3240% 0.0160% 4.3080% Actual/360 120 119 360 360 04/21/2017 06/06/2017 05/06/2027 Yes
Property 4.01 2495 Amsterdam Avenue 2.1% 1 CCRE 13,308,473 13,308,473   Office CBD                        
Property 4.02 215 Lexington Avenue 1.1% 1 CCRE 7,350,828 7,350,828   Office CBD                        
Property 4.03 2520 Amsterdam Avenue 1.1% 1 CCRE 7,072,698 7,072,698   Office CBD                        
Property 4.04 245 Lexington Avenue 0.8% 1 CCRE 5,398,632 5,398,632   Office CBD                        
Property 4.05 253 Lexington Avenue 0.3% 1 CCRE 1,869,369 1,869,369   Office CBD                        
Loan 5 380 Lafayette Street 5.0% 1 CCRE 32,500,000 32,500,000 32,500,000 Office CBD 4.1500% 0.0392% 4.1108% Actual/360 120 119 0 0 04/26/2017 06/06/2017 05/06/2027 No
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) 5.0% 2 RMF 32,500,000 32,363,041 24,939,487 Hospitality Full Service 5.7300% 0.0239% 5.7061% Actual/360 120 117 300 297 03/02/2017 04/06/2017 03/06/2027 No
Property 6.01 Hilton Anchorage 2.9% 1 RMF 18,500,000 18,422,039   Hospitality Full Service                        
Property 6.02 Renaissance Atlanta 2.2% 1 RMF 14,000,000 13,941,002   Hospitality Full Service                        
Loan 7 EIP Logistics Portfolio(32) 4.5% 2 CCRE 29,000,000 29,000,000 24,395,480 Industrial Warehouse/Distribution 5.3060% 0.0444% 5.2616% Actual/360 120 118 324 324 03/08/2017 05/06/2017 04/06/2027 No
Property 7.01 Mercury Paper, Inc. 2.6% 1 CCRE 16,975,610 16,975,610   Industrial Warehouse/Distribution                        
Property 7.02 Precision Park 1.9% 1 CCRE 12,024,390 12,024,390   Industrial Warehouse/Distribution                        
Loan 8 North Creek Office Complex 4.0% 1 RMF 26,000,000 26,000,000 24,511,645 Office Suburban 5.3000% 0.0192% 5.2808% Actual/360 60 58 360 360 04/10/2017 05/06/2017 04/06/2022 No
Loan 9 Flats East Bank Phase I 3.7% 1 CCRE 24,000,000 23,954,955 20,284,011 Mixed Use Hospitality/Retail 5.8850% 0.0392% 5.8458% Actual/360 120 118 360 358 03/28/2017 05/06/2017 04/06/2027 No
Loan 10 Google Kirkland Campus Phase II(32) 3.5% 1 CCRE 22,500,000 22,500,000 22,500,000 Office Suburban 3.6739% 0.0335% 3.6404% Actual/360 120 113 0 0 11/03/2016 12/06/2016 11/06/2026 No
Loan 11 Art Van Portfolio(32) 3.2% 5 UBSAG 20,500,000 20,500,000 17,723,227 Various Various 4.9620% 0.0160% 4.9460% Actual/360 120 117 360 360 03/02/2017 04/06/2017 03/06/2027 No
Property 11.01 Warren Distribution Center 1.8% 1 UBSAG 11,586,515 11,586,515   Industrial Distribution                        
Property 11.02 Comstock Park Retail 0.5% 1 UBSAG 3,313,337 3,313,337   Retail Single Tenant                        
Property 11.03 Grand Rapids Retail 0.4% 1 UBSAG 2,723,847 2,723,847   Retail Single Tenant                        
Property 11.04 Bloomfield Hills Retail 0.2% 1 UBSAG 1,585,523 1,585,523   Retail Single Tenant                        
Property 11.05 Mattress Distribution Center 0.2% 1 UBSAG 1,290,778 1,290,778   Industrial Distribution                        
Loan 12 MVP Parking Portfolio 2.5% 7 CCRE 16,250,000 16,250,000 16,250,000 Other Various 5.0300% 0.0667% 4.9633% Actual/360 120 119 0 0 05/01/2017 06/06/2017 05/06/2027 No
Property 12.01 White Front Garage Partners 1.0% 1 CCRE 6,453,666 6,453,666   Other Parking Facility                        
Property 12.02 St. Louis Seventh & Cerre 0.3% 1 CCRE 2,057,451 2,057,451   Other Surface Parking                        
Property 12.03 MVP Houston San Jacinto Lot 0.3% 1 CCRE 1,820,265 1,820,265   Other Surface Parking                        
Property 12.04 MVP Louisville Station Broadway 0.3% 1 CCRE 1,682,366 1,682,366   Other Surface Parking                        
Property 12.05 St. Louis Broadway Group 0.3% 1 CCRE 1,671,334 1,671,334   Other Surface Parking                        
Property 12.06 MVP Houston Preston Lot 0.3% 1 CCRE 1,627,206 1,627,206   Other Surface Parking                        
Property 12.07 MVP Indianapolis Meridian Lot 0.1% 1 CCRE 937,712 937,712   Other Surface Parking                        
Loan 13 340 Bryant (32) 2.5% 1 CCRE 16,000,000 16,000,000 14,902,081 Office CBD 5.6750% 0.0286% 5.6464% Actual/360 120 117 360 360 02/10/2017 04/06/2017 03/06/2027 No
Loan 14 Rearden Storage Portfolio 2.5% 3 CCRE 16,000,000 15,981,565 13,002,557 Self Storage Self Storage 4.6500% 0.0392% 4.6108% Actual/360 120 119 360 359 04/26/2017 06/06/2017 05/06/2027 No
Property 14.01 Forest Central Self Storage 1.1% 1 CCRE 7,100,000 7,091,819   Self Storage Self Storage                        
Property 14.02 Carrollton Self Storage 1.0% 1 CCRE 6,400,000 6,392,626   Self Storage Self Storage                        
Property 14.03 Frame Street Self Storage 0.4% 1 CCRE 2,500,000 2,497,120   Self Storage Self Storage                        
Loan 15 Courtyard Marriott Shadyside 2.4% 1 CCRE 15,500,000 15,500,000 15,500,000 Hospitality Select Service 5.9320% 0.0392% 5.8928% Actual/360 60 57 0 0 02/22/2017 04/06/2017 03/06/2022 No
Loan 16 Holiday Inn Express Nashville - Downtown(32) 2.4% 1 UBSAG 15,450,000 15,257,048 12,750,092 Hospitality Limited Service 5.1160% 0.0160% 5.1000% Actual/360 120 109 360 349 06/10/2016 08/01/2016 07/01/2026 No
Loan 17 Brink’s Office 2.2% 1 RMF 14,400,000 14,400,000 12,480,297 Office Suburban 5.0600% 0.0192% 5.0408% Actual/360 120 119 360 360 04/11/2017 06/06/2017 05/06/2027 No
Loan 18 Centre Place I 2.2% 1 CCRE 14,300,000 14,300,000 14,300,000 Mixed Use Office/Retail 5.2420% 0.0392% 5.2028% Actual/360 120 115 0 0 12/16/2016 02/06/2017 01/06/2027 No
Loan 19 Euless Town Center 2.0% 1 UBSAG 12,750,000 12,720,884 10,471,897 Retail Anchored 4.9700% 0.0192% 4.9508% Actual/360 120 118 360 358 03/29/2017 05/06/2017 04/06/2027 No
Loan 20 Town Park Apartments 1.9% 1 RMF 12,500,000 12,500,000 10,874,425 Multifamily Garden 5.2100% 0.0192% 5.1908% Actual/360 120 117 360 360 02/13/2017 04/06/2017 03/06/2027 No
Loan 21 Baypoint Commerce Center(32) 1.6% 1 UBSAG 10,000,000 10,000,000 8,594,089 Office Suburban 4.7330% 0.0160% 4.7170% Actual/360 120 118 360 360 04/07/2017 05/06/2017 04/06/2027 No
Loan 22 Center West(32) 1.6% 1 UBSAG 10,000,000 10,000,000 10,000,000 Office CBD 4.4350% 0.0160% 4.4190% Actual/360 120 114 0 0 12/06/2016 01/06/2017 12/06/2026 No
Loan 23 Persis STNL Portfolio 1.5% 4 CCRE 9,800,000 9,800,000 9,058,817 Retail Single Tenant 5.1520% 0.0392% 5.1128% Actual/360 120 118 360 360 03/15/2017 05/06/2017 04/06/2027 No
Property 23.01 Outback Steakhouse Las Vegas 0.6% 1 CCRE 3,595,000 3,595,000   Retail Single Tenant                        
Property 23.02 Outback Steakhouse Sanford 0.4% 1 CCRE 2,739,000 2,739,000   Retail Single Tenant                        
Property 23.03 Outback Steakhouse Naperville 0.4% 1 CCRE 2,553,000 2,553,000   Retail Single Tenant                        
Property 23.04 Panda Express Camillus 0.1% 1 CCRE 913,000 913,000   Retail Single Tenant                        
Loan 24 Springhill Suites Tampa(33) 1.5% 1 UBSAG 9,600,000 9,582,260 8,130,491 Hospitality Limited Service 5.9550% 0.0192% 5.9358% Actual/360 120 118 360 358 04/06/2017 05/06/2017 04/06/2027 No
Loan 25 Hickory Corners 1.4% 1 RMF 9,300,000 9,300,000 8,435,330 Retail Anchored 5.1800% 0.0192% 5.1608% Actual/360 120 116 360 360 01/26/2017 03/06/2017 02/06/2027 No
Loan 26 Gwinnett MF Portfolio 1.2% 1 RMF 7,700,000 7,677,065 6,436,618 Multifamily Garden 5.5200% 0.0192% 5.5008% Actual/360 120 117 360 357 02/28/2017 04/06/2017 03/06/2027 No
Loan 27 Comfort Inn & Suites-Seattle 1.2% 1 RMF 7,490,000 7,467,030 6,235,727 Hospitality Limited Service 5.3900% 0.0192% 5.3708% Actual/360 120 117 360 357 02/17/2017 04/06/2017 03/06/2027 No
Loan 28 Highpark Corporate Center 1.1% 1 CCRE 7,300,000 7,300,000 6,355,774 Office Suburban 5.2425% 0.0392% 5.2033% Actual/360 120 117 360 360 02/08/2017 04/06/2017 03/06/2027 No
Loan 29 Oak Leaf Village Apartments 1.1% 1 RMF 7,250,000 7,228,062 6,047,270 Multifamily Garden 5.4500% 0.0192% 5.4308% Actual/360 120 117 360 357 02/21/2017 04/06/2017 03/06/2027 No
Loan 30 Walgreens Portland 1.1% 1 RMF 7,035,000 7,019,883 5,832,384 Retail Single Tenant 5.2600% 0.0192% 5.2408% Actual/360 120 118 360 358 03/27/2017 05/06/2017 04/06/2027 No
Loan 31 Rite Aid Portfolio Lima OH 1.0% 2 CCRE 6,600,000 6,569,418 5,551,621 Retail Single Tenant 5.1775% 0.0392% 5.1383% Actual/360 60 58 240 238 03/31/2017 05/06/2017 04/06/2022 No
Property 31.01 Rite Aid West Robb 0.6% 1 CCRE 3,666,000 3,649,013   Retail Single Tenant                        
Property 31.02 Rite Aid 506 West Market 0.5% 1 CCRE 2,934,000 2,920,405   Retail Single Tenant                        
Loan 32 AAAABCO Mini Storage 1.0% 1 RMF 6,400,000 6,386,793 5,337,787 Mixed Use Self Storage/Retail 5.4500% 0.0192% 5.4308% Actual/360 120 118 360 358 04/05/2017 05/06/2017 04/06/2027 No
Loan 33 Walgreens Bangor 0.9% 1 RMF 5,655,000 5,642,848 4,688,293 Retail Single Tenant 5.2600% 0.0192% 5.2408% Actual/360 120 118 360 358 03/27/2017 05/06/2017 04/06/2027 No
Loan 34 Orchid Centre 0.9% 1 RMF 5,600,000 5,600,000 5,188,683 Retail Unanchored 5.3100% 0.0192% 5.2908% Actual/360 120 117 360 360 03/09/2017 04/06/2017 03/06/2027 No
Loan 35 Microtel Georgetown 0.8% 1 CCRE 5,400,000 5,392,766 4,146,537 Hospitality Limited Service 5.7500% 0.0392% 5.7108% Actual/360 120 119 300 299 05/01/2017 06/06/2017 05/06/2027 No
Loan 36 KB St. Louis Dialysis Portfolio 0.8% 2 CCRE 5,218,000 5,218,000 4,801,782 Office Medical 4.8595% 0.0867% 4.7728% Actual/360 120 113 360 360 11/03/2016 12/06/2016 11/06/2026 No
Property 36.01 Fresenius St. Louis 0.5% 1 CCRE 3,427,250 3,427,250   Office Medical                        
Property 36.02 DaVita St. Louis 0.3% 1 CCRE 1,790,750 1,790,750   Office Medical                        
Loan 37 Texas Hotel Pair 0.8% 2 UBSAG 5,075,000 5,068,745 3,953,739 Hospitality Limited Service 6.1770% 0.0192% 6.1578% Actual/360 120 119 300 299 05/01/2017 06/06/2017 05/06/2027 No
Property 37.01 Comfort Inn & Suites 0.5% 1 UBSAG 3,501,750 3,497,434   Hospitality Limited Service                        
Property 37.02 Motel 6 0.2% 1 UBSAG 1,573,250 1,571,311   Hospitality Limited Service                        
Loan 38 Park Pineway Plaza 0.8% 1 RMF 4,900,000 4,900,000 4,186,789 Retail Anchored 5.4200% 0.0192% 5.4008% Actual/360 120 117 360 360 03/07/2017 04/06/2017 03/06/2027 No
Loan 39 123 Church Street 0.7% 1 UBSAG 4,791,000 4,780,624 3,967,309 Mixed Use Office/Retail 5.2230% 0.0192% 5.2038% Actual/360 120 118 360 358 03/29/2017 05/06/2017 04/06/2027 No
Loan 40 Summerhill Office Plaza 0.7% 1 UBSAG 4,350,000 4,339,961 3,566,783 Office Suburban 4.9190% 0.0192% 4.8998% Actual/360 120 118 360 358 03/17/2017 05/06/2017 04/06/2027 No
Loan 41 Comfort Suites Tucson 0.5% 1 CCRE 3,350,000 3,350,000 3,111,847 Hospitality Limited Service 5.4870% 0.0392% 5.4478% Actual/360 120 119 360 360 04/20/2017 06/06/2017 05/06/2027 No
Loan 42 Best Western Syracuse-Liverpool 0.5% 1 UBSAG 3,000,000 2,991,605 2,311,327 Hospitality Limited Service 5.8500% 0.0192% 5.8308% Actual/360 120 118 300 298 04/10/2017 05/06/2017 04/06/2027 No
Loan 43 Bent Tree Apartments 0.4% 1 CCRE 2,500,000 2,494,863 2,086,374 Multifamily Garden 5.4700% 0.0867% 5.3833% Actual/360 120 118 360 358 03/31/2017 05/06/2017 04/06/2027 No

  

A-1-1

 

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

            Pari Passu Pari Passu                            
        Monthly Annual Companion Loan Companion Loan Remaining     Crossed               FIRREA Cut-Off  
Property     Final Debt Debt Monthly Debt Annual Debt Interest Only   Cash With Related Underwritten Underwritten Grace Payment Appraised Appraisal Compliant Date LTV LTV Ratio at
Flag ID Property Name Maturity Date(6) Service($)(8) Service($)(8) Service($) Service($) Period  Lockbox(9)  Management(10) Other Loans Borrower NOI DSCR(8)(11) NCF DSCR(8)(11) Period(12) Date Value ($)(13) As-of Date (Yes/No) Ratio(11)(13) Maturity or ARD(11)(13)
Loan 1 Ohio Valley Plaza 05/06/2027 287,901 3,454,817     59 Springing Hard Springing No   1.48x 1.36x 0 6 87,560,000 03/02/2017 Yes 62.8% 57.7%
Loan 2 Pershing Square Building(19)(33) 05/06/2027 172,574 2,070,892     119 Springing Soft Springing No   2.22x 2.13x 0 6 75,000,000 03/23/2017 Yes 58.7% 58.7%
Loan 3 Crossings at Hobart(32) 03/06/2027 235,938 2,831,261 76,817 921,806 0 Springing Hard Springing No   1.53x 1.40x 0 6 91,800,000 04/24/2017 Yes 61.8% 48.7%
Loan 4 Yeshiva University Portfolio(32) 05/06/2032 173,699 2,084,383 521,096 6,253,150 47 Hard In Place No   2.16x 1.97x 0 6 346,000,000 02/06/2017 Yes 40.5% 36.1%
Property 4.01 2495 Amsterdam Avenue                             108,000,000 02/06/2017 Yes    
Property 4.02 215 Lexington Avenue                             78,700,000 02/06/2017 Yes    
Property 4.03 2520 Amsterdam Avenue                             60,000,000 02/06/2017 Yes    
Property 4.04 245 Lexington Avenue                             56,300,000 02/06/2017 Yes    
Property 4.05 253 Lexington Avenue                             43,000,000 02/06/2017 Yes    
Loan 5 380 Lafayette Street 05/06/2027 113,957 1,367,483     119 Hard Springing No   1.77x 1.73x 0 6 59,000,000 04/03/2017 Yes 55.1% 55.1%
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) 03/06/2027 204,067 2,448,804 518,016 6,216,194 0 Hard Springing No   2.07x 1.81x 0 6 182,000,000 Various Yes 62.9% 48.5%
Property 6.01 Hilton Anchorage                             103,600,000 12/12/2016 Yes    
Property 6.02 Renaissance Atlanta                             78,400,000 12/30/2016 Yes    
Loan 7 EIP Logistics Portfolio(32) 04/06/2027 168,597 2,023,161 69,764 837,170 22 Hard Springing No   1.50x 1.37x 0 6 57,900,000 Various Yes 70.8% 59.6%
Property 7.01 Mercury Paper, Inc.                             33,000,000 03/16/2017 Yes    
Property 7.02 Precision Park                             24,900,000 01/11/2017 Yes    
Loan 8 North Creek Office Complex 04/06/2022 144,379 1,732,551     10 Springing Hard Springing No   1.87x 1.55x 0 6 39,100,000 02/16/2017 Yes 66.5% 62.7%
Loan 9 Flats East Bank Phase I 04/06/2027 142,122 1,705,470     0 Hard Springing No   1.55x 1.37x 0 6 36,520,000 12/05/2016 Yes 65.6% 55.5%
Loan 10 Google Kirkland Campus Phase II(32) 11/06/2026 69,842 838,108 155,205 1,862,463 113 Springing Hard Springing No   2.64x 2.56x 0 6 146,000,000 07/27/2016 Yes 49.7% 49.7%
Loan 11 Art Van Portfolio(32) 03/06/2027 109,573 1,314,874 257,897 3,094,764 21 Hard In Place No   1.57x 1.47x 0 6 100,850,000 Various Yes 68.2% 58.9%
Property 11.01 Warren Distribution Center                             57,000,000 01/30/2017 Yes    
Property 11.02 Comstock Park Retail                             16,300,000 01/27/2017 Yes    
Property 11.03 Grand Rapids Retail                             13,400,000 01/27/2017 Yes    
Property 11.04 Bloomfield Hills Retail                             7,800,000 01/31/2017 Yes    
Property 11.05 Mattress Distribution Center                             6,350,000 01/31/2017 Yes    
Loan 12 MVP Parking Portfolio 05/06/2027 69,061 828,727     119 Hard Springing No   1.91x 1.88x 0 6 29,460,000 Various Yes 55.2% 55.2%
Property 12.01 White Front Garage Partners                             11,700,000 03/12/2017 Yes    
Property 12.02 St. Louis Seventh & Cerre                             3,730,000 03/14/2017 Yes    
Property 12.03 MVP Houston San Jacinto Lot                             3,300,000 03/15/2017 Yes    
Property 12.04 MVP Louisville Station Broadway                             3,050,000 03/07/2017 Yes    
Property 12.05 St. Louis Broadway Group                             3,030,000 03/14/2017 Yes    
Property 12.06 MVP Houston Preston Lot                             2,950,000 03/15/2017 Yes    
Property 12.07 MVP Indianapolis Meridian Lot                             1,700,000 03/08/2017 Yes    
Loan 13 340 Bryant (32) 03/06/2027 92,611 1,111,329 85,086 1,021,033 57 Hard Springing No   1.47x 1.43x 0 6 52,000,000 01/09/2017 Yes 59.0% 55.0%
Loan 14 Rearden Storage Portfolio 05/06/2027 82,502 990,023     0 Springing Soft Springing No   1.60x 1.56x 0 6 29,120,000 Various Yes 54.9% 44.7%
Property 14.01 Forest Central Self Storage                             13,300,000 03/21/2017 Yes    
Property 14.02 Carrollton Self Storage                             11,220,000 03/23/2017 Yes    
Property 14.03 Frame Street Self Storage                             4,600,000 03/24/2017 Yes    
Loan 15 Courtyard Marriott Shadyside 03/06/2022 77,686 932,230     57 Hard Springing No   2.04x 1.79x 0 6 27,500,000 01/01/2017 Yes 56.4% 56.4%
Loan 16 Holiday Inn Express Nashville - Downtown(32) 07/01/2026 84,038 1,008,452 310,314 3,723,768 0 Hard Springing No   2.10x 1.94x 5 1 118,000,000 02/27/2018 Yes 60.7% 50.7%
Loan 17 Brink’s Office 05/06/2027 77,831 933,975     23 Springing Hard Springing No   1.70x 1.57x 0 6 22,550,000 05/01/2017 Yes 63.9% 55.3%
Loan 18 Centre Place I 01/06/2027 63,335 760,017     115 Springing Hard Springing No   1.66x 1.61x 0 6 26,500,000 09/08/2016 Yes 54.0% 54.0%
Loan 19 Euless Town Center 04/06/2027 68,211 818,534     0 Springing Hard Springing No   1.65x 1.48x 0 6 19,700,000 02/23/2017 Yes 64.6% 53.2%
Loan 20 Town Park Apartments 03/06/2027 68,716 824,593     21 Springing Hard Springing No   1.63x 1.53x 0 6 18,470,000 01/10/2017 Yes 67.7% 58.9%
Loan 21 Baypoint Commerce Center(32) 04/06/2027 52,062 624,748 156,187 1,874,243 22 Springing Hard Springing No   2.29x 1.79x 0 6 62,000,000 01/05/2017 Yes 64.5% 55.4%
Loan 22 Center West(32) 12/06/2026 37,472 449,660 262,302 3,147,618 114 Springing Hard Springing No   2.15x 1.94x 0 6 209,000,000 10/20/2016 Yes 38.3% 38.3%
Loan 23 Persis STNL Portfolio 04/06/2027 53,523 642,272     58 Springing Hard Springing No   1.43x 1.40x 0 6 17,175,000 Various Yes 57.1% 52.7%
Property 23.01 Outback Steakhouse Las Vegas                             6,300,000 02/27/2017 Yes    
Property 23.02 Outback Steakhouse Sanford                             4,800,000 02/24/2017 Yes    
Property 23.03 Outback Steakhouse Naperville                             4,475,000 03/01/2017 Yes    
Property 23.04 Panda Express Camillus                             1,600,000 02/17/2017 Yes    
Loan 24 Springhill Suites Tampa(33) 04/06/2027 57,279 687,353     0 Springing Hard Springing No   1.76x 1.57x 0 6 15,100,000 02/10/2017 Yes 63.5% 53.8%
Loan 25 Hickory Corners 02/06/2027 50,952 611,430     44 Hard Springing No   1.74x 1.57x 0 6 13,500,000 11/06/2016 Yes 68.9% 62.5%
Loan 26 Gwinnett MF Portfolio 03/06/2027 43,816 525,797     0 Springing Hard Springing No   1.31x 1.25x 0 6 10,800,000 10/27/2016 Yes 71.1% 59.6%
Loan 27 Comfort Inn & Suites-Seattle 03/06/2027 42,012 504,143     0 Springing Hard Springing No   1.79x 1.61x 0 6 10,900,000 12/16/2016 Yes 68.5% 57.2%
Loan 28 Highpark Corporate Center 03/06/2027 40,277 483,324     21 Springing Hard Springing No   1.83x 1.67x 0 6 13,600,000 12/20/2016 Yes 53.7% 46.7%
Loan 29 Oak Leaf Village Apartments 03/06/2027 40,938 491,251     0 Springing Hard Springing No   1.99x 1.85x 0 6 12,320,000 12/12/2016 Yes 58.7% 49.1%
Loan 30 Walgreens Portland 04/06/2027 38,891 466,693     0 Hard In Place No Yes - Group A 1.24x 1.24x 0 6 10,500,000 12/28/2016 Yes 66.9% 55.5%
Loan 31 Rite Aid Portfolio Lima OH 04/06/2022 44,207 530,482     0 Hard In Place No   1.40x 1.39x 0 6 11,000,000 11/28/2016 Yes 59.7% 50.5%
Property 31.01 Rite Aid West Robb                             6,110,000 11/28/2016 Yes    
Property 31.02 Rite Aid 506 West Market                             4,890,000 11/28/2016 Yes    
Loan 32 AAAABCO Mini Storage 04/06/2027 36,138 433,656     0 Springing Hard Springing No   1.53x 1.46x 0 6 13,030,000 03/11/2017 Yes 49.0% 41.0%
Loan 33 Walgreens Bangor 04/06/2027 31,262 375,146     0 Hard In Place No Yes - Group A 1.24x 1.24x 0 6 8,500,000 12/28/2016 Yes 66.4% 55.2%
Loan 34 Orchid Centre 03/06/2027 31,132 373,582     57 Springing Soft Springing No   1.28x 1.23x 0 6 8,275,000 01/11/2017 Yes 67.7% 62.7%
Loan 35 Microtel Georgetown 05/06/2027 33,972 407,661     0 Hard Springing No   1.76x 1.58x 0 6 8,700,000 01/01/2017 Yes 62.0% 47.7%
Loan 36 KB St. Louis Dialysis Portfolio 11/06/2026 27,565 330,780     53 Hard Springing No   1.53x 1.47x 0 6 8,040,000 10/05/2016 Yes 64.9% 59.7%
Property 36.01 Fresenius St. Louis                             5,280,000 10/05/2016 Yes    
Property 36.02 DaVita St. Louis                             2,760,000 10/05/2016 Yes    
Loan 37 Texas Hotel Pair 05/06/2027 33,250 398,995     0 Hard Springing No   2.42x 2.16x 0 6 10,000,000 01/31/2017 Yes 50.7% 39.5%
Property 37.01 Comfort Inn & Suites                             6,900,000 01/31/2017 Yes    
Property 37.02 Motel 6                             3,100,000 01/31/2017 Yes    
Loan 38 Park Pineway Plaza 03/06/2027 27,576 330,915     9 Springing Hard Springing No   1.64x 1.50x 0 6 7,700,000 02/01/2017 Yes 63.6% 54.4%
Loan 39 123 Church Street 04/06/2027 26,376 316,512     0 Hard Springing No   1.56x 1.45x 0 6 6,730,000 02/15/2017 Yes 71.0% 58.9%
Loan 40 Summerhill Office Plaza 04/06/2027 23,137 277,642     0 Springing Hard Springing No   2.24x 2.04x 0 6 8,550,000 02/01/2017 Yes 50.8% 41.7%
Loan 41 Comfort Suites Tucson 05/06/2027 18,994 227,923     59 Hard Springing No   2.18x 1.85x 0 6 6,400,000 01/10/2017 Yes 52.3% 48.6%
Loan 42 Best Western Syracuse-Liverpool 04/06/2027 19,055 228,659     0 Hard Springing No   1.94x 1.70x 0 6 5,100,000 11/01/2017 Yes 58.7% 45.3%
Loan 43 Bent Tree Apartments 04/06/2027 14,148 169,772     0 Springing Soft Springing No   1.35x 1.22x 0 6 3,900,000 03/07/2017 Yes 64.0% 53.5%

 

 

A-1-2

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

                    Net   Loan per Net    
                    Rentable Area Units Rentable Area    
Property               Year Year (Sq. Ft./Units/ of (Sq. Ft./Units/Rooms/ Prepayment Provisions Most Recent Operating
Flag ID Property Name Address City County State Zip Code Built Renovated Rooms/Pads/Spaces)(4) Measure(4) Pads/Spaces) ($)(4)(11) (# of payments)(14)(15)(16) Statements Date
Loan 1 Ohio Valley Plaza 50585 Valley Plaza Drive Saint Clairsville Belmont OH 43950 1996 NAP 657,669 Sq. Ft. 84 L(23), YM1(93), O(4) 12/31/2016
Loan 2 Pershing Square Building(19)(33) 448 South Hill Street Los Angeles Los Angeles CA 90013 1924 2007-2017 153,381 Sq. Ft. 287 L(25), YM1(91), O(4) T-12 2/28/2017
Loan 3 Crossings at Hobart(32) 1939-3101 East 80th Avenue Merrillville Lake IN 46410 1988, 1990-2009 2014-2016 772,383 Sq. Ft. 73 L(26), YM1(89), O(5) 12/31/2016
Loan 4 Yeshiva University Portfolio(32) Various New York New York NY Various Various NAP 696,371 Sq. Ft. 201 L(25), D(94), O(1) NAP
Property 4.01 2495 Amsterdam Avenue 2495 Amsterdam Avenue New York New York NY 10033 1969 NAP 295,694 Sq. Ft. 180   NAP
Property 4.02 215 Lexington Avenue 215 Lexington Avenue New York New York NY 10016 1962 NAP 111,270 Sq. Ft. 264   NAP
Property 4.03 2520 Amsterdam Avenue 2520 Amsterdam Avenue New York New York NY 10033 1967 NAP 163,321 Sq. Ft. 173   NAP
Property 4.04 245 Lexington Avenue 245 Lexington Avenue New York New York NY 10016 1969 NAP 87,927 Sq. Ft. 246   NAP
Property 4.05 253 Lexington Avenue 253 Lexington Avenue New York New York NY 10016 1911 NAP 38,159 Sq. Ft. 196   NAP
Loan 5 380 Lafayette Street 380 Lafayette Street New York New York NY 10003 1888 1988, 2012, 2016 45,678 Sq. Ft. 712 L(25), D(89), O(6) T-12 2/28/2017
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) Various Various Various Various Various Various Various 993 Rooms 115,323 L(27), D(89), O(4) T-12 1/31/2017
Property 6.01 Hilton Anchorage 500 West 3rd Avenue Anchorage Anchorage AK 99501 1958-1984 2009 606 Rooms 107,567   T-12 1/31/2017
Property 6.02 Renaissance Atlanta 1 Hartsfield Centre Parkway Atlanta Fulton GA 30354 1992 2013 387 Rooms 127,467   T-12 1/31/2017
Loan 7 EIP Logistics Portfolio(32) Various Various Various Various Various Various Various 1,084,470 Sq. Ft. 38 L(26), D(91), O(3) 12/31/2016
Property 7.01 Mercury Paper, Inc. 495 Radio Station Road Strasburg Shenandoah VA 22657 2008 NAP 407,248 Sq. Ft. 42   12/31/2016
Property 7.02 Precision Park 200 Frenchtown Road North Kingstown Washington RI 02852 1960 2017 677,222 Sq. Ft. 18   12/31/2016
Loan 8 North Creek Office Complex 5725, 5755 and 5775 Mark Dabling Boulevard Colorado Springs El Paso CO 80919 1984 NAP 323,629 Sq. Ft. 80 L(26), D(27), O(7) 12/31/2016
Loan 9 Flats East Bank Phase I 1010 Front Avenue and 1051, 1060, 1091, 1111 and 1121 West 10th Street Cleveland Cuyahoga OH 44113 2013, 2015 NAP 128,070 Sq. Ft. 187 L(26), D(90), O(4) T-12 2/28/2017
Loan 10 Google Kirkland Campus Phase II(32) 451 Seventh Avenue South Kirkland King WA 98033 2015 NAP 180,844 Sq. Ft. 401 L(31), YM1(84), O(5) NAP
Loan 11 Art Van Portfolio(32) Various Various Various MI Various Various Various 1,407,911 Sq. Ft. 49 L(27), D(86), O(7) NAP
Property 11.01 Warren Distribution Center 6340 and 6500 East 14 Mile Road Warren Macomb MI 48092 1969 1976, 1982, 1985, 1987-1988, 1993, 1997, 2000, 2015 1,056,890 Sq. Ft. 37   NAP
Property 11.02 Comstock Park Retail 4273 Alpine Avenue Northwest Comstock Park Kent MI 49321 1999 NAP 96,400 Sq. Ft. 115   NAP
Property 11.03 Grand Rapids Retail 4375 28th Street Southeast Kentwood Kent MI 49512 1986 2001 79,212 Sq. Ft. 115   NAP
Property 11.04 Bloomfield Hills Retail 2300 South Telegraph Road Bloomfield Hills Oakland MI 48302 2004 2016 46,388 Sq. Ft. 115   NAP
Property 11.05 Mattress Distribution Center 30450 and 30500 Little Mack Avenue Roseville Macomb MI 48066 1968 1972, 1992, 2004, 2011-2012 129,021 Sq. Ft. 34   NAP
Loan 12 MVP Parking Portfolio Various Various Various Various Various Various Various 791 Spaces 20,544 L(25), D(92), O(3) NAP
Property 12.01 White Front Garage Partners 205 2nd Avenue North Nashville Davidson TN 37201 1958 2013 155 Spaces 41,637   NAP
Property 12.02 St. Louis Seventh & Cerre 700 South 7th Street St. Louis Saint Louis City MO 63102 1985 NAP 152 Spaces 13,536   NAP
Property 12.03 MVP Houston San Jacinto Lot 415 1/2 San Jacinto Street Houston Harris TX 77002 1960 1975 85 Spaces 21,415   NAP
Property 12.04 MVP Louisville Station Broadway 300 West Broadway Louisville Jefferson KY 40202 1988 NAP 165 Spaces 10,196   NAP
Property 12.05 St. Louis Broadway Group 619 South Broadway St. Louis Saint Louis City MO 63102 1970 NAP 152 Spaces 10,996   NAP
Property 12.06 MVP Houston Preston Lot 1102 Preston Street Houston Harris TX 77002 1960 NAP 46 Spaces 35,374   NAP
Property 12.07 MVP Indianapolis Meridian Lot 239 South Meridian Street Indianapolis Marion IN 46225 1939 NAP 36 Spaces 26,048   NAP
Loan 13 340 Bryant (32) 340 Bryant Street San Francisco San Francisco CA 94107 1932 2015 62,270 Sq. Ft. 493 L(27), D(87), O(6) NAP
Loan 14 Rearden Storage Portfolio Various Various Various TX Various Various NAP 249,554 Sq. Ft. 64 L(25), D(92), O(3) T-12 2/28/2017
Property 14.01 Forest Central Self Storage 11550 Forest Central Drive Dallas Dallas TX 75243 1996 NAP 77,757 Sq. Ft. 91   T-12 2/28/2017
Property 14.02 Carrollton Self Storage 2422 Marsh Lane Carrollton Dallas TX 75006 1995-1996 NAP 112,722 Sq. Ft. 57   T-12 2/28/2017
Property 14.03 Frame Street Self Storage 816 Frame Street Denton Denton TX 76209 1986 NAP 59,075 Sq. Ft. 42   T-12 2/28/2017
Loan 15 Courtyard Marriott Shadyside 5308 Liberty Avenue Pittsburgh Allegheny PA 15224 2003 2014 132 Rooms 117,424 L(27), D(29), O(4) 12/31/2016
Loan 16 Holiday Inn Express Nashville - Downtown(32) 920 Broadway Nashville Davidson TN 37203 1968 2016 287 Rooms 249,458 L(35), D(81), O(4) T-12 1/31/2017
Loan 17 Brink’s Office 555 Dividend Drive Coppell Dallas TX 75019 2002 2017 101,844 Sq. Ft. 141 L(25), D(88), O(7) 12/31/2016
Loan 18 Centre Place I 1231 South California Boulevard Walnut Creek Contra Costa CA 94596 2010 NAP 17,707 Sq. Ft. 808 L(29), D(87), O(4) 12/31/2015
Loan 19 Euless Town Center 1201 Airport Freeway Euless Tarrant TX 76040 1982 NAP 239,519 Sq. Ft. 53 L(26), D(90), O(4) T-12 1/31/2017
Loan 20 Town Park Apartments 10201 Harwin Drive Houston Harris TX 77036 1976 2014-2016 340 Units 36,765 L(27), D(89), O(4) 12/31/2016
Loan 21 Baypoint Commerce Center(32) 877 Executive Center Drive St. Petersburg Pinellas FL 33702 1971-2000 2016 689,778 Sq. Ft. 58 L(26), D(89), O(5) 12/31/2016
Loan 22 Center West(32) 10877 Wilshire Boulevard Los Angeles Los Angeles CA 90024 1985-1990 NAP 349,298 Sq. Ft. 229 L(24), YM2(92), O(4) T-12 8/31/2016
Loan 23 Persis STNL Portfolio Various Various Various Various Various Various Various 21,514 Sq. Ft. 456 L(23), YM1(93), O(4) NAP
Property 23.01 Outback Steakhouse Las Vegas 7380 South Las Vegas Boulevard Las Vegas Clark NV 89123 2005 2016 6,317 Sq. Ft. 569   NAP
Property 23.02 Outback Steakhouse Sanford 180 Hickman Drive Sanford Seminole FL 32771 1996 NAP 6,194 Sq. Ft. 442   NAP
Property 23.03 Outback Steakhouse Naperville 2855 West Ogden Avenue Naperville DuPage IL 60540 1994 2016 6,227 Sq. Ft. 410   NAP
Property 23.04 Panda Express Camillus 3604 West Genesee Street Camillus Onondaga NY 13219 2015 NAP 2,776 Sq. Ft. 329   NAP
Loan 24 Springhill Suites Tampa(33) 1051 South Falkenburg Road Tampa Hillsborough FL 33619 2008 2014, 2015 103 Rooms 93,032 L(26), D(90), O(4) T-12 1/31/2017
Loan 25 Hickory Corners 1718 US Highway 70 Southeast Hickory Catawba NC 28602 1986 NAP 156,474 Sq. Ft. 59 L(28), D(88), O(4) T-12 11/30/2016
Loan 26 Gwinnett MF Portfolio 1000 Hampton Square Drive Lawrenceville Gwinnett GA 30046 1983,1984, 1986, 1996 NAP 129 Units 59,512 L(27), D(89), O(4) T-12 1/31/2017
Loan 27 Comfort Inn & Suites-Seattle 13700 Aurora Avenue North Seattle King WA 98133 1990 2016 72 Rooms 103,709 L(27), D(86), O(7) 12/31/2016
Loan 28 Highpark Corporate Center 23436-23456 Madero Mission Viejo Orange CA 92691 1985 NAP 67,141 Sq. Ft. 109 L(27), YM1(87), O(6) T-12 10/31/2016
Loan 29 Oak Leaf Village Apartments 100 Dyna Drive Houston Harris TX 77060 1973 NAP 228 Units 31,702 L(27), D(89), O(4) 12/31/2016
Loan 30 Walgreens Portland 340 Allen Avenue Portland Cumberland ME 04103 2010 NAP 14,096 Sq. Ft. 498 L(26), D(90), O(4) T-12 2/28/2017
Loan 31 Rite Aid Portfolio Lima OH Various Lima Allen OH 45801 2006 NAP 29,128 Sq. Ft. 226 L(26), D(30), O(4) 12/31/2016
Property 31.01 Rite Aid West Robb 302 West Robb Avenue Lima Allen OH 45801 2006 NAP 14,564 Sq. Ft. 251   12/31/2016
Property 31.02 Rite Aid 506 West Market 506 West Market Street Lima Allen OH 45801 2006 NAP 14,564 Sq. Ft. 201   12/31/2016
Loan 32 AAAABCO Mini Storage 6740 Boulder Highway Las Vegas Clark NV 89122 1973, 2006 2016 140,598 Sq. Ft. 45 L(23), YM1(93), O(4) T-12 2/28/2017
Loan 33 Walgreens Bangor 97 Oak Street Bangor Penobscot ME 04401 2009 NAP 11,500 Sq. Ft. 491 L(26), D(90), O(4) T-12 2/28/2017
Loan 34 Orchid Centre 4150 West Eldorado Parkway McKinney Collin TX 75070 2001 NAP 24,363 Sq. Ft. 230 L(24), YM1(89), O(7) 12/31/2016
Loan 35 Microtel Georgetown 22297 Dupont Boulevard Georgetown Sussex DE 19947 2014 NAP 78 Rooms 69,138 L(25), D(92), O(3) T-12 2/28/2017
Loan 36 KB St. Louis Dialysis Portfolio Various Various St. Louis MO Various 2016 NAP 15,752 Sq. Ft. 331 L(31), D(86), O(3) 12/31/2015
Property 36.01 Fresenius St. Louis 2840 Target Drive St. Louis St. Louis MO 63136 2016 NAP 7,700 Sq. Ft. 445   12/31/2015
Property 36.02 DaVita St. Louis 8980 Natural Bridge Road Bel-Ridge St. Louis MO 63121 2016 NAP 8,052 Sq. Ft. 222   12/31/2015
Loan 37 Texas Hotel Pair Various Eagle Pass Maverick TX 78852 Various NAP 118 Rooms 42,955 L(25), D(91), O(4) T-12 2/28/2017
Property 37.01 Comfort Inn & Suites 402 South Texas Drive Eagle Pass Maverick TX 78852 2013-2014 NAP 60 Rooms 58,291   T-12 2/28/2017
Property 37.02 Motel 6 2338 East Main Street Eagle Pass Maverick TX 78852 2009-2010 NAP 58 Rooms 27,092   T-12 2/28/2017
Loan 38 Park Pineway Plaza 4421 South White Mountain Road Show Low Navajo AZ 85901 1989 NAP 85,851 Sq. Ft. 57 L(27), D(89), O(4) 12/31/2016
Loan 39 123 Church Street 123 Church Street New Haven New Haven CT 06510 1832 1984-1986, 2003, 2013 38,874 Sq. Ft. 123 L(26), D(89), O(5) NAP
Loan 40 Summerhill Office Plaza 7473 West Lake Mead Boulevard Las Vegas Clark NV 89128 1999 NAP 54,352 Sq. Ft. 80 L(26), D(90), O(4) T-12 1/31/2017
Loan 41 Comfort Suites Tucson 515 West Auto Mall Drive Tucson Pima AZ 85705 1998 2013, 2014 86 Rooms 38,953 L(25), D(91), O(4) T-12 3/31/2017
Loan 42 Best Western Syracuse-Liverpool 136 Transistor Parkway Liverpool Onondaga NY 13088 2003 2011 61 Rooms 49,043 L(26), D(90), O(4) T-12 2/28/2017
Loan 43 Bent Tree Apartments 410 Oakwood Avenue Hot Springs Garland AR 71913 1992 NAP 74 Units 33,714 L(26), YM1(91), O(3) T-12 2/28/2017

 

A-1-3

 

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

                                   
            Second Most Second Second Second Third Most Third Third Third        
Property     Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Recent Operating Most Recent Most Recent Most Recent Underwritten NOI Underwritten NCF  Underwritten  Underwritten
Flag ID Property Name EGI ($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Statements Date EGI($) Expenses($) NOI($) Debt Yield(11) Debt Yield(11)  Revenue($)  EGI($)
Loan 1 Ohio Valley Plaza 6,029,329 855,000 5,174,328 12/31/2015 6,162,002 1,044,338 5,117,664 12/31/2014 6,039,024 839,542 5,199,482 9.3% 8.5% 5,502,869 6,022,356
Loan 2 Pershing Square Building(19)(33) 5,108,898 1,443,944 3,664,954 12/31/2016 4,908,731 1,421,753 3,486,978 12/31/2015 4,316,441 1,238,024 3,078,416 10.5% 10.0% 5,908,934 6,390,108
Loan 3 Crossings at Hobart(32) 9,391,290 3,537,352 5,853,938 12/31/2015 9,148,350 3,671,439 5,476,911 12/31/2014 9,346,160 4,053,251 5,292,909 10.1% 9.2% 6,890,528 9,202,949
Loan 4 Yeshiva University Portfolio(32) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 12.9% 11.7% 19,094,070 18,026,336
Property 4.01 2495 Amsterdam Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     7,375,149 6,932,640
Property 4.02 215 Lexington Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     3,848,809 3,656,369
Property 4.03 2520 Amsterdam Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     3,927,891 3,692,217
Property 4.04 245 Lexington Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     2,893,072 2,748,419
Property 4.05 253 Lexington Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     1,049,149 996,691
Loan 5 380 Lafayette Street 1,841,572 631,938 1,209,634 12/31/2016 1,777,064 613,344 1,163,720 12/31/2015 1,764,310 591,557 1,172,753 7.4% 7.3% 3,285,390 3,183,821
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) 50,552,560 32,379,885 18,172,675 12/31/2016 50,570,731 32,478,907 18,091,824 12/31/2015 51,526,380 34,932,216 16,594,165 15.7% 13.7% 50,254,774 50,254,774
Property 6.01 Hilton Anchorage 23,073,940 14,450,386 8,623,554 12/31/2016 23,179,796 14,528,484 8,651,312 12/31/2015 24,591,971 15,257,381 9,334,591     23,010,897 23,010,897
Property 6.02 Renaissance Atlanta 27,478,620 17,929,499 9,549,121 12/31/2016 27,390,935 17,950,423 9,440,511 12/31/2015 26,934,409 19,674,835 7,259,574     27,243,877 27,243,877
Loan 7 EIP Logistics Portfolio(32) 5,197,244 1,090,454 4,106,789 12/31/2015 5,233,624 1,260,109 3,973,515 12/31/2014 5,187,710 1,272,746 3,914,964 10.5% 9.6% 5,280,624 5,707,390
Property 7.01 Mercury Paper, Inc. 2,937,453 231,537 2,705,916 12/31/2015 2,858,760 219,042 2,639,718 12/31/2014 2,785,031 218,305 2,566,726     2,835,163 3,025,885
Property 7.02 Precision Park 2,259,790 858,917 1,400,873 12/31/2015 2,374,864 1,041,067 1,333,797 12/31/2014 2,402,679 1,054,441 1,348,238     2,445,461 2,681,505
Loan 8 North Creek Office Complex 4,809,711 2,310,681 2,499,031 12/31/2015 3,650,892 2,264,111 1,386,781 NAP NAP NAP NAP 12.5% 10.3% 3,400,453 5,853,620
Loan 9 Flats East Bank Phase I 8,145,282 5,395,097 2,750,185 12/31/2016 8,327,876 5,491,506 2,836,370 12/31/2015 8,213,233 5,511,750 2,701,483 11.1% 9.8% 8,132,914 8,132,914
Loan 10 Google Kirkland Campus Phase II(32) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 9.8% 9.5% 7,419,939 9,585,766
Loan 11 Art Van Portfolio(32) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 10.1% 9.4% 7,295,601 7,134,388
Property 11.01 Warren Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     4,069,027 3,978,976
Property 11.02 Comstock Park Retail NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     1,205,000 1,178,427
Property 11.03 Grand Rapids Retail NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     990,150 968,421
Property 11.04 Bloomfield Hills Retail NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     579,850 566,984
Property 11.05 Mattress Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     451,574 441,580
Loan 12 MVP Parking Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 9.7% 9.6% 1,892,000 1,884,402
Property 12.01 White Front Garage Partners NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     700,000 665,000
Property 12.02 St. Louis Seventh & Cerre NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     225,000 233,539
Property 12.03 MVP Houston San Jacinto Lot NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     264,000 266,760
Property 12.04 MVP Louisville Station Broadway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     200,000 215,000
Property 12.05 St. Louis Broadway Group NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     180,000 190,600
Property 12.06 MVP Houston Preston Lot NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     228,000 216,600
Property 12.07 MVP Indianapolis Meridian Lot NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     95,000 96,903
Loan 13 340 Bryant (32) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 10.2% 10.0% 3,999,600 4,393,984
Loan 14 Rearden Storage Portfolio 2,575,056 877,408 1,697,648 12/31/2016 2,557,690 893,148 1,664,542 12/31/2015 2,399,128 886,066 1,513,062 9.9% 9.7% 2,908,078 2,550,564
Property 14.01 Forest Central Self Storage 1,068,701 329,593 739,108 12/31/2016 1,060,966 335,744 725,222 12/31/2015 1,054,577 347,611 706,966     1,237,409 1,066,548
Property 14.02 Carrollton Self Storage 1,039,552 341,347 698,206 12/31/2016 1,041,720 345,284 696,436 12/31/2015 951,015 348,427 602,588     1,070,988 1,017,548
Property 14.03 Frame Street Self Storage 466,803 206,469 260,334 12/31/2016 455,004 212,121 242,883 12/31/2015 393,536 190,028 203,508     599,681 466,468
Loan 15 Courtyard Marriott Shadyside 5,832,053 3,913,034 1,919,019 12/31/2015 6,535,104 4,172,746 2,362,358 12/31/2014 6,243,123 4,052,835 2,190,288 12.3% 10.8% 5,045,905 5,818,989
Loan 16 Holiday Inn Express Nashville - Downtown(32) 18,476,097 8,871,866 9,604,231 12/31/2015 18,714,705 8,448,778 10,265,927 12/31/2014 17,454,968 8,373,140 9,081,828 13.9% 12.8% 18,138,063 19,603,998
Loan 17 Brink’s Office 1,002,894   1,002,894 12/31/2015 1,504,341   1,504,341 12/31/2014 1,504,341   1,504,341 11.0% 10.2% 1,517,476 2,381,652
Loan 18 Centre Place I 1,578,598 416,796 1,161,802 12/31/2014 1,533,062 412,494 1,120,568 NAP NAP NAP NAP 8.8% 8.6% 1,372,473 1,740,030
Loan 19 Euless Town Center 1,724,172 564,417 1,159,755 12/31/2016 1,590,922 564,486 1,026,435 12/31/2015 1,696,314 525,150 1,171,164 10.6% 9.5% 1,404,760 1,888,728
Loan 20 Town Park Apartments 2,745,487 1,237,562 1,507,925 12/31/2015 2,492,609 1,208,963 1,283,646 12/31/2014 2,269,879 1,261,029 1,008,850 10.8% 10.1% 2,602,872 2,714,464
Loan 21 Baypoint Commerce Center(32) 9,134,443 5,503,916 3,630,527 12/31/2015 8,174,845 5,712,932 2,461,913 12/31/2014 7,518,355 5,609,065 1,909,290 14.3% 11.2% 10,605,496 11,530,554
Loan 22 Center West(32) 13,076,932 5,912,256 7,164,676 12/31/2015 12,153,426 5,478,358 6,675,068 12/31/2014 12,965,924 5,536,272 7,429,652 9.7% 8.7% 11,256,360 13,841,932
Loan 23 Persis STNL Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 9.4% 9.2% 982,812 955,898
Property 23.01 Outback Steakhouse Las Vegas NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     364,479 353,545
Property 23.02 Outback Steakhouse Sanford NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     275,670 267,400
Property 23.03 Outback Steakhouse Naperville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     256,982 249,273
Property 23.04 Panda Express Camillus NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP     85,680 85,680
Loan 24 Springhill Suites Tampa(33) 3,201,966 2,019,271 1,182,695 12/31/2016 3,166,610 1,974,926 1,191,685 12/31/2015 2,971,252 1,846,283 1,124,968 12.6% 11.3% 3,147,538 3,201,966
Loan 25 Hickory Corners 907,775 241,831 665,944 12/31/2015 1,104,557 242,525 862,032 12/31/2014 1,106,115 243,862 862,253 11.5% 10.3% 1,173,184 1,342,349
Loan 26 Gwinnett MF Portfolio 1,072,488 358,408 714,080 12/31/2015 1,039,045 336,877 702,168 12/31/2014 1,036,873 322,688 714,184 9.0% 8.6% 1,127,676 1,083,787
Loan 27 Comfort Inn & Suites-Seattle 2,241,654 1,324,817 916,836 12/31/2015 2,139,536 1,274,287 865,249 12/31/2014 1,889,796 1,175,420 714,376 12.1% 10.9% 2,235,578 2,235,578
Loan 28 Highpark Corporate Center 1,167,831 422,383 745,448 12/31/2015 868,153 367,885 500,268 12/31/2014 973,918 357,876 616,042 12.1% 11.0% 1,459,809 1,349,650
Loan 29 Oak Leaf Village Apartments 1,989,002 920,611 1,068,391 12/31/2015 1,836,705 885,905 950,800 12/31/2014 1,718,068 885,171 832,897 13.5% 12.6% 2,054,460 2,033,167
Loan 30 Walgreens Portland 580,000   580,000 12/31/2016 580,000   580,000 12/31/2015 580,000   580,000 8.3% 8.3% 580,000 580,000
Loan 31 Rite Aid Portfolio Lima OH 805,244   805,244 NAP NAP NAP NAP NAP NAP NAP NAP 11.3% 11.2% 805,244 764,982
Property 31.01 Rite Aid West Robb 447,260   447,260 NAP NAP NAP NAP NAP NAP NAP NAP     447,260 424,897
Property 31.02 Rite Aid 506 West Market 357,984   357,984 NAP NAP NAP NAP NAP NAP NAP NAP     357,984 340,085
Loan 32 AAAABCO Mini Storage 1,004,346 388,733 615,614 12/31/2016 981,090 386,506 594,584 12/31/2015 841,457 359,351 482,106 10.4% 9.9% 989,586 1,066,522
Loan 33 Walgreens Bangor 465,000   465,000 12/31/2016 465,000   465,000 12/31/2015 465,000   465,000 8.2% 8.2% 465,000 465,000
Loan 34 Orchid Centre 819,916 285,336 534,580 12/31/2015 810,954 251,659 559,295 12/31/2014 858,552 239,037 619,515 8.6% 8.2% 505,114 771,885
Loan 35 Microtel Georgetown 1,821,415 1,000,412 821,003 12/31/2016 1,772,530 980,674 791,856 12/31/2015 1,354,646 831,964 522,682 13.3% 12.0% 1,808,110 1,837,778
Loan 36 KB St. Louis Dialysis Portfolio 513,022   513,022 NAP NAP NAP NAP NAP NAP NAP NAP 9.7% 9.3% 540,239 664,351
Property 36.01 Fresenius St. Louis 339,904   339,904 NAP NAP NAP NAP NAP NAP NAP NAP     367,121 425,408
Property 36.02 DaVita St. Louis 173,118   173,118 NAP NAP NAP NAP NAP NAP NAP NAP     173,118 238,943
Loan 37 Texas Hotel Pair 2,578,399 1,598,324 980,075 12/31/2016 2,526,124 1,575,837 950,287 12/31/2015 2,449,935 1,349,271 1,100,664 19.0% 17.0% 2,553,409 2,578,399
Property 37.01 Comfort Inn & Suites 1,697,537 1,026,418 671,119 12/31/2016 1,637,482 1,003,345 634,137 12/31/2015 1,530,258 810,074 720,183     1,686,090 1,697,537
Property 37.02 Motel 6 880,861 571,905 308,956 12/31/2016 888,642 572,492 316,149 12/31/2015 919,677 539,196 380,481     867,319 880,861
Loan 38 Park Pineway Plaza 655,662 169,393 486,269 12/31/2015 502,865 173,069 329,796 12/31/2014 507,353 175,222 332,131 11.1% 10.1% 605,519 667,799
Loan 39 123 Church Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 10.3% 9.6% 620,895 828,164
Loan 40 Summerhill Office Plaza 905,200 255,420 649,780 12/31/2016 902,782 300,057 602,725 12/31/2015 919,031 328,730 590,301 14.3% 13.0% 723,430 879,260
Loan 41 Comfort Suites Tucson 1,910,204 1,421,706 488,497 12/31/2016 1,852,319 1,398,440 453,879 12/31/2015 1,649,924 1,292,866 357,058 14.8% 12.6% 1,850,360 1,910,205
Loan 42 Best Western Syracuse-Liverpool 1,390,950 887,141 503,809 12/31/2015 1,307,808 829,829 477,979 12/31/2014 1,272,554 853,484 419,070 14.9% 13.0% 1,372,239 1,390,950
Loan 43 Bent Tree Apartments 468,944 237,183 231,761 12/31/2016 472,934 228,965 243,969 12/31/2015 451,540 224,262 227,278 9.2% 8.3% 480,021 468,944

 

A-1-4

 

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                 
                                 
Property      Underwritten  Underwritten  Underwritten Underwritten Underwritten Ownership Ground Lease Ground Lease     Lease     Lease
Flag ID Property Name  Expenses($)  NOI ($)  Reserves($) TI/LC($) NCF($) Interest(17)  Expiration(18)  Extension Terms(18) Largest Tenant (19)(20)(21)(22)(24) Sq. Ft. Expiration(21) 2nd Largest Tenant(20)(21)(22)(23)(24) Sq. Ft. Expiration(21)
Loan 1 Ohio Valley Plaza 912,832 5,109,525 98,650 328,834 4,682,040 Fee Simple     Wal-Mart Supercenter 200,659 01/31/2027 Lowe’s 130,497 11/30/2021
Loan 2 Pershing Square Building(19)(33) 1,787,133 4,602,975 38,345 153,381 4,411,249 Fee Simple     Turner Broadcasting System 21,631 03/31/2018 Perch 14,969 12/31/2031
Loan 3 Crossings at Hobart(32) 3,466,333 5,736,616 110,724 386,192 5,239,701 Fee Simple     Wal-Mart Real Estate Business Trust dba Walmart Supercenter 206,408 03/31/2023 Burlington Coat Factory of Indiana, LLC dba Burlington Coat Factory 102,788 01/31/2021
Loan 4 Yeshiva University Portfolio(32)   18,026,336 232,828 1,392,742 16,400,766 Fee Simple                
Property 4.01 2495 Amsterdam Avenue   6,932,640 73,960 591,388 6,267,292 Fee Simple     Yeshiva University 295,694 04/30/2037 NAP NAP NAP
Property 4.02 215 Lexington Avenue   3,656,369 9,919 222,540 3,423,910 Fee Simple     Yeshiva University 111,270 04/30/2037 NAP NAP NAP
Property 4.03 2520 Amsterdam Avenue   3,692,217 39,994 326,642 3,325,581 Fee Simple     Yeshiva University 163,321 04/30/2037 NAP NAP NAP
Property 4.04 245 Lexington Avenue   2,748,419 66,117 175,854 2,506,448 Fee Simple     Yeshiva University 87,927 04/30/2037 NAP NAP NAP
Property 4.05 253 Lexington Avenue   996,691 42,838 76,318 877,535 Fee Simple     Yeshiva University 38,159 04/30/2037 NAP NAP NAP
Loan 5 380 Lafayette Street 764,686 2,419,134 10,578 45,678 2,362,878 Fee Simple     Select Equity 45,678 04/30/2037 NAP NAP NAP
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) 32,299,376 17,955,398 2,282,630   15,672,769 Various                
Property 6.01 Hilton Anchorage 14,435,058 8,575,839 920,436   7,655,403 Fee Simple     NAP NAP NAP NAP NAP NAP
Property 6.02 Renaissance Atlanta 17,864,317 9,379,560 1,362,194   8,017,366 Leasehold 06/28/2078   NAP NAP NAP NAP NAP NAP
Loan 7 EIP Logistics Portfolio(32) 1,415,568 4,291,822 120,000 240,000 3,931,822 Fee Simple                
Property 7.01 Mercury Paper, Inc. 375,058 2,650,827 45,063 90,127 2,515,638 Fee Simple      Mercury Paper, Inc. 407,248 07/31/2024 NAP NAP NAP
Property 7.02 Precision Park 1,040,510 1,640,995 74,937 149,873 1,416,184 Fee Simple      Amtrol 228,088 04/30/2020  Anvil International 204,868 03/31/2022
Loan 8 North Creek Office Complex 2,613,816 3,239,804 64,726 485,444 2,689,635 Fee Simple     CSAA Insurance Services, LLC 73,701 10/31/2018 Firstsource Group USA, Inc. 64,374 07/31/2020
Loan 9 Flats East Bank Phase I 5,484,864 2,648,050 270,604 38,141 2,339,305 Fee Simple     EB Fitness 16,071 12/31/2017 Bold Eatery 5,689 12/31/2025
Loan 10 Google Kirkland Campus Phase II(32) 2,460,526 7,125,240 36,169 180,844 6,908,227 Fee Simple     Google 125,520 11/30/2027 Google 55,324 01/31/2029
Loan 11 Art Van Portfolio(32) 214,032 6,920,356 185,242 243,737 6,491,378 Fee Simple                
Property 11.01 Warren Distribution Center 119,369 3,859,607 105,689 97,133 3,656,785 Fee Simple     Art Van Furniture, Inc. 1,056,890 02/28/2037 NAP NAP NAP
Property 11.02 Comstock Park Retail 35,353 1,143,074 25,355 54,147 1,063,572 Fee Simple     Art Van Furniture, Inc. 96,400 02/28/2037 NAP NAP NAP
Property 11.03 Grand Rapids Retail 29,053 939,369 23,888 44,492 870,988 Fee Simple     Art Van Furniture, Inc. 79,212 02/28/2037 NAP NAP NAP
Property 11.04 Bloomfield Hills Retail 17,010 549,974 17,407 26,056 506,512 Fee Simple     Art Van Furniture, Inc. 46,388 02/28/2037 NAP NAP NAP
Property 11.05 Mattress Distribution Center 13,247 428,333 12,902 21,909 393,521 Fee Simple     Art Van Furniture, Inc. 129,021 02/28/2037 NAP NAP NAP
Loan 12 MVP Parking Portfolio 304,937 1,579,465 23,936   1,555,530 Fee Simple                
Property 12.01 White Front Garage Partners 25,614 639,386 7,942   631,444 Fee Simple     Premier Parking 155 09/30/2026 NAP NAP NAP
Property 12.02 St. Louis Seventh & Cerre 23,607 209,932 3,800   206,132 Fee Simple     St. Louis Parking Company (Lot) 152 01/31/2022 NAP NAP NAP
Property 12.03 MVP Houston San Jacinto Lot 110,284 156,476 2,219   154,257 Fee Simple     iPark Services (Lot) 85 11/30/2026 NAP NAP NAP
Property 12.04 MVP Louisville Station Broadway 51,620 163,380 4,125   159,255 Fee Simple     Riverside Parking (Lot) 165 08/22/2021 NAP NAP NAP
Property 12.05 St. Louis Broadway Group 26,355 164,245 3,800   160,445 Fee Simple     St. Louis Parking Company (Lot) 152 01/31/2022 NAP NAP NAP
Property 12.06 MVP Houston Preston Lot 45,564 171,036 1,150   169,886 Fee Simple     iPark Services (Lot) 46 11/30/2026 NAP NAP NAP
Property 12.07 MVP Indianapolis Meridian Lot 21,893 75,010 900   74,110 Fee Simple     Denison (Lot) 36 01/14/2026 NAP NAP NAP
Loan 13 340 Bryant (32) 1,261,563 3,132,422 12,454 62,271 3,057,696 Fee Simple     Switchfly, Inc. 47,673 11/30/2025 Skullcandy, Inc. 14,597 03/31/2023
Loan 14 Rearden Storage Portfolio 969,599 1,580,966 35,251   1,545,715 Fee Simple                
Property 14.01 Forest Central Self Storage 366,854 699,694 11,285   688,410 Fee Simple     NAP NAP NAP NAP NAP NAP
Property 14.02 Carrollton Self Storage 378,942 638,606 14,330   624,277 Fee Simple     NAP NAP NAP NAP NAP NAP
Property 14.03 Frame Street Self Storage 223,803 242,665 9,636   233,029 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 15 Courtyard Marriott Shadyside 3,919,281 1,899,708 232,760   1,666,949 Fee Simple / Leasehold 02/26/2042 None NAP NAP NAP NAP NAP NAP
Loan 16 Holiday Inn Express Nashville - Downtown(32) 9,660,974 9,943,024 784,160   9,158,865 Fee Simple / Leasehold 12/31/2017 11, 1-year options NAP NAP NAP NAP NAP NAP
Loan 17 Brink’s Office 796,571 1,585,081 15,277 101,844 1,467,960 Fee Simple     Brink’s Incorporated 101,844 04/30/2027 NAP NAP NAP
Loan 18 Centre Place I 477,531 1,262,499 3,541 35,414 1,223,544 Fee Simple     Charles Schwab & Co. 13,157 01/31/2026 The Habit Burger 1,800 11/30/2020
Loan 19 Euless Town Center 540,427 1,348,301 59,880 79,069 1,209,353 Fee Simple     IT’Z FEC Euless, LLC 61,453 10/31/2020 Channel Control Merchants 35,848 04/30/2021
Loan 20 Town Park Apartments 1,366,959 1,347,505 85,000   1,262,505 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 21 Baypoint Commerce Center(32) 5,810,777 5,719,777 137,956 1,114,113 4,467,708 Fee Simple     COX Target Media Inc. 49,013 12/31/2022 Wright National Flood Insurance 35,168 04/30/2023
Loan 22 Center West(32) 6,099,920 7,742,012 69,860 681,519 6,990,633 Leasehold 12/23/2085 None Merrill Lynch 23,121 04/30/2022 Aurora Capital Group 22,911 03/31/2021
Loan 23 Persis STNL Portfolio 36,682 919,215 2,820 15,948 900,447 Fee Simple                
Property 23.01 Outback Steakhouse Las Vegas 12,980 340,565 948 5,376 334,241 Fee Simple     Outback Steakhouse 6,317 03/09/2032 NAP NAP NAP
Property 23.02 Outback Steakhouse Sanford 11,142 256,258 936 5,268 250,054 Fee Simple     Outback Steakhouse 6,194 03/09/2032 NAP NAP NAP
Property 23.03 Outback Steakhouse Naperville 10,810 238,462 936 5,304 232,222 Fee Simple     Outback Steakhouse 6,227 03/16/2032 NAP NAP NAP
Property 23.04 Panda Express Camillus 1,750 83,930     83,930 Fee Simple 12/31/2035 5 options, 5 years each Panda Express 2,776 02/14/2036 NAP NAP NAP
Loan 24 Springhill Suites Tampa(33) 1,993,591 1,208,376 128,079   1,080,297 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 25 Hickory Corners 276,001 1,066,348 23,471 84,000 958,877 Fee Simple     Hamrick’s, Incorporated 50,022 03/31/2021 Conn Appliances, Inc. 44,994 05/31/2027
Loan 26 Gwinnett MF Portfolio 393,886 689,901 32,250   657,651 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 27 Comfort Inn & Suites-Seattle 1,332,651 902,927 89,423   813,504 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 28 Highpark Corporate Center 462,925 886,725 13,428 67,141 806,156 Fee Simple     Fusion Learning, Inc. 12,133 06/30/2025 Orange County Charter School 11,110 11/30/2020
Loan 29 Oak Leaf Village Apartments 1,056,850 976,316 68,400   907,916 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 30 Walgreens Portland   580,000     580,000 Fee Simple     Walgreens Co. 14,096 02/28/2085 NAP NAP NAP
Loan 31 Rite Aid Portfolio Lima OH 22,949 742,033 5,826   736,207 Fee Simple                
Property 31.01 Rite Aid West Robb 12,747 412,151 2,913   409,238 Fee Simple     Rite Aid 14,564 01/31/2027 NAP NAP NAP
Property 31.02 Rite Aid 506 West Market 10,203 329,882 2,913   326,969 Fee Simple     Rite Aid 14,564 01/31/2027 NAP NAP NAP
Loan 32 AAAABCO Mini Storage 403,931 662,591 21,090 8,535 632,967 Fee Simple     Leslie’s Poolmart, Inc. 34,138 01/31/2023 NAP NAP NAP
Loan 33 Walgreens Bangor   465,000     465,000 Fee Simple     Walgreens Co. 11,500 09/30/2084 NAP NAP NAP
Loan 34 Orchid Centre 292,590 479,296 4,385 17,054 457,856 Fee Simple     EAS Bar Concepts Inc 3,912 02/28/2021 Dos Charros TexMex 3,136 02/29/2020
Loan 35 Microtel Georgetown 1,119,126 718,652 73,511   645,141 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 36 KB St. Louis Dialysis Portfolio 159,457 504,893 1,575 15,752 487,566 Fee Simple                
Property 36.01 Fresenius St. Louis 77,808 347,599 770 7,700 339,129 Fee Simple     Fresenius Medical Care 7,700 06/30/2031 NAP NAP NAP
Property 36.02 DaVita St. Louis 81,649 157,294 805 8,052 148,437 Fee Simple     DaVita Dialysis 8,052 11/30/2031 NAP NAP NAP
Loan 37 Texas Hotel Pair 1,614,756 963,642 103,136   860,506 Fee Simple                
Property 37.01 Comfort Inn & Suites 1,032,810 664,727 67,901   596,826 Fee Simple     NAP NAP NAP NAP NAP NAP
Property 37.02 Motel 6 581,947 298,915 35,234   263,680 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 38 Park Pineway Plaza 124,869 542,929 12,878 34,340 495,711 Fee Simple     Big Lots 29,351 01/31/2021 Sportsman’s Warehouse 26,165 06/30/2025
Loan 39 123 Church Street 334,051 494,113 7,136 29,158 457,818 Fee Simple     Square 9 Softworks, Inc. 30,000 08/15/2022 Connecticut CVS Pharmacy, L.L.C. 8,874 01/31/2032
Loan 40 Summerhill Office Plaza 257,703 621,557 13,044 42,655 565,858 Fee Simple     Summerhill Executive 27,476 06/30/2025 ProCare Hospice 7,003 02/28/2018
Loan 41 Comfort Suites Tucson 1,413,258 496,947 76,408   420,538 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 42 Best Western Syracuse-Liverpool 946,547 444,403 55,638   388,765 Fee Simple     NAP NAP NAP NAP NAP NAP
Loan 43 Bent Tree Apartments 239,694 229,250 22,200   207,050 Fee Simple     NAP NAP NAP NAP NAP NAP

 

A-1-5

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                             
                            Upfront
Property         Lease     Lease     Lease   Occupancy Replacement
Flag ID Property Name 3rd Largest Tenant(21)(24) Sq. Ft. Expiration(21) 4th Largest Tenant(21) Sq. Ft. Expiration(21) 5th Largest Tenant(21) Sq. Ft. Expiration(21) Occupancy As-of Date Reserves($)(26)
Loan 1 Ohio Valley Plaza Sam’s Club 113,661 04/15/2022 Kroger 63,265 06/30/2025 Value City Furniture 34,900 01/31/2021 99.7% 02/23/2017  
Loan 2 Pershing Square Building(19)(33) Hill Corner LLC (Mrs. Fish) 10,415 12/31/2031 The Community Redevelopment Agency of the City of Los Angeles 10,200 08/31/2021 BLVD Centers Inc 9,922 07/31/2017 97.1% 05/01/2017  
Loan 3 Crossings at Hobart(32) HobLob, Limited Partnership dba Hobby Lobby 60,000 08/31/2019 American Signature, Inc. dba Value City Furniture 48,230 01/31/2020 Best Buy Stores, L.P. dba Best Buy 44,997 01/31/2023 97.7% 01/03/2017  
Loan 4 Yeshiva University Portfolio(32)                   100.0% 05/06/2017  
Property 4.01 2495 Amsterdam Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 4.02 215 Lexington Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 4.03 2520 Amsterdam Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 4.04 245 Lexington Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 4.05 253 Lexington Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 5 380 Lafayette Street NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 6 Atlanta and Anchorage Hotel Portfolio(32)                   64.9% 01/31/2017  
Property 6.01 Hilton Anchorage NAP NAP NAP NAP NAP NAP NAP NAP NAP 57.6% 01/31/2017  
Property 6.02 Renaissance Atlanta NAP NAP NAP NAP NAP NAP NAP NAP NAP 76.4% 01/31/2017  
Loan 7 EIP Logistics Portfolio(32)                   86.9% 02/23/2017 1,946,981
Property 7.01 Mercury Paper, Inc. NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 02/23/2017  
Property 7.02 Precision Park Regency Transportation 60,000 02/01/2022  BSM Pump Corp. 42,607 09/30/2021 NAP NAP NAP 79.1% 02/23/2017  
Loan 8 North Creek Office Complex PIMA Medical 25,927 09/30/2028 Econolite Group Inc. 17,838 12/31/2026 PMC Sierra, Inc. 15,600 12/31/2017 84.8% 02/01/2017 91,250
Loan 9 Flats East Bank Phase I Lago Flats 5060 08/31/2028 Flip Side 3326 04/30/2025 NAP NAP NAP 78.7% 02/28/2017  
Loan 10 Google Kirkland Campus Phase II(32) NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 11 Art Van Portfolio(32)                   100.0% 05/06/2017  
Property 11.01 Warren Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 11.02 Comstock Park Retail NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 11.03 Grand Rapids Retail NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 11.04 Bloomfield Hills Retail NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 11.05 Mattress Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 12 MVP Parking Portfolio                   100.0% 05/06/2017  
Property 12.01 White Front Garage Partners NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 12.02 St. Louis Seventh & Cerre NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 12.03 MVP Houston San Jacinto Lot NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 12.04 MVP Louisville Station Broadway NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 12.05 St. Louis Broadway Group NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 12.06 MVP Houston Preston Lot NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 12.07 MVP Indianapolis Meridian Lot NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 13 340 Bryant (32) NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 02/08/2017  
Loan 14 Rearden Storage Portfolio                   92.1% 02/28/2017  
Property 14.01 Forest Central Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP 92.5% 02/28/2017  
Property 14.02 Carrollton Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP 89.6% 02/28/2017  
Property 14.03 Frame Street Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP 96.5% 02/28/2017  
Loan 15 Courtyard Marriott Shadyside NAP NAP NAP NAP NAP NAP NAP NAP NAP 66.7% 12/31/2016  
Loan 16 Holiday Inn Express Nashville - Downtown(32) NAP NAP NAP NAP NAP NAP NAP NAP NAP 79.9% 01/31/2017 62,944
Loan 17 Brink’s Office NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 18 Centre Place I Baja Fresh 1,550 07/31/2021 YogurtLand 1,200 02/28/2021 NAP NAP NAP 100.0% 12/12/2016  
Loan 19 Euless Town Center Ross 27,200 01/31/2026 Aldi 18,588 12/31/2023 Xue’s, Inc. dba Yichiban Sushi 7,595 02/28/2026 80.0% 03/20/2017  
Loan 20 Town Park Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP 94.4% 01/31/2017 500,000
Loan 21 Baypoint Commerce Center(32) Jabil Circuit Inc 34,956 06/30/2019 United States of America IRS 30,426 11/20/2019 Beasley FM Acquisition Corp 27,275 08/31/2024 85.3% 03/03/2017  
Loan 22 Center West(32) Radar Pictures 16,894 09/20/2020 Wells Fargo Advisors 16,894 07/31/2024 Rentech 16,567 06/14/2020 57.1% 11/02/2016  
Loan 23 Persis STNL Portfolio                   100.0% 05/06/2017  
Property 23.01 Outback Steakhouse Las Vegas NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 23.02 Outback Steakhouse Sanford NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 23.03 Outback Steakhouse Naperville NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 23.04 Panda Express Camillus NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 24 Springhill Suites Tampa(33) NAP NAP NAP NAP NAP NAP NAP NAP NAP 77.6% 01/31/2017  
Loan 25 Hickory Corners Toys “R” Us - Delaware, Inc 31,900 01/31/2023 Kid’s Stuff of Hickory, LLC 9,650 01/31/2019 S&S Kelly Hobbies, Inc. 5,508 08/31/2019 99.2% 01/12/2017 644,000
Loan 26 Gwinnett MF Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 01/05/2017  
Loan 27 Comfort Inn & Suites-Seattle NAP NAP NAP NAP NAP NAP NAP NAP NAP 77.4% 12/31/2016  
Loan 28 Highpark Corporate Center Kingsfield Church 8,470 03/31/2021 FDM, LLC 4,397 08/31/2019 Tapestry Church 4,345 12/31/2017 88.8% 01/01/2017  
Loan 29 Oak Leaf Village Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP 97.4% 01/31/2017 150,000
Loan 30 Walgreens Portland NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 31 Rite Aid Portfolio Lima OH                   100.0% 05/06/2017  
Property 31.01 Rite Aid West Robb NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 31.02 Rite Aid 506 West Market NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 32 AAAABCO Mini Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP 68.4% 02/23/2017  
Loan 33 Walgreens Bangor NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 34 Orchid Centre Best Chinese BBQ 1,970 01/31/2018 McKinney Math Learning Center 1,850 09/30/2020 Alexander Dental 1,788 03/31/2021 86.0% 02/17/2017  
Loan 35 Microtel Georgetown NAP NAP NAP NAP NAP NAP NAP NAP NAP 42.1% 02/28/2017  
Loan 36 KB St. Louis Dialysis Portfolio                   100.0% 05/06/2017 15,752
Property 36.01 Fresenius St. Louis NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Property 36.02 DaVita St. Louis NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 05/06/2017  
Loan 37 Texas Hotel Pair                   71.8% 02/28/2017  
Property 37.01 Comfort Inn & Suites NAP NAP NAP NAP NAP NAP NAP NAP NAP 80.7% 02/28/2017  
Property 37.02 Motel 6 NAP NAP NAP NAP NAP NAP NAP NAP NAP 62.5% 02/28/2017  
Loan 38 Park Pineway Plaza Harbor Freight Tools 15,759 09/30/2026 Aaron Rent’s 9,576 12/31/2020 Furniture Row - Big 5,000 01/31/2020 100.0% 02/21/2017  
Loan 39 123 Church Street NAP NAP NAP NAP NAP NAP NAP NAP NAP 100.0% 03/29/2017  
Loan 40 Summerhill Office Plaza JanTec 3,216 02/28/2019 The Flynn Group 2,255 08/31/2019 Accurate Billings 2,156 03/31/2018 100.0% 02/28/2017  
Loan 41 Comfort Suites Tucson NAP NAP NAP NAP NAP NAP NAP NAP NAP 69.1% 03/31/2017  
Loan 42 Best Western Syracuse-Liverpool NAP NAP NAP NAP NAP NAP NAP NAP NAP 71.8% 02/28/2017  
Loan 43 Bent Tree Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP 95.9% 03/01/2017  

  

A-1-6

 

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                         
      Monthly Upfront Monthly Upfront Monthly Upfront Monthly Upfront Upfront Monthly
Property     Replacement TI/LC TI/LC Tax Tax Insurance Insurance Engineering Other Other
Flag ID Property Name Reserves ($)(27)(28) Reserves ($)(26) Reserves ($)(27)(28) Reserves ($)(26) Reserves ($)(27)(28) Reserves($)(26) Reserves ($)(27)(28) Reserve($)(26) Reserves ($)(26) Reserves ($)(27)(28)
Loan 1 Ohio Valley Plaza Springing   Springing   Springing   Springing     Springing
Loan 2 Pershing Square Building(19)(33) 3,195 465,000 12,794 58,000 14,500 59,259 5,926 1,144,249 3,100,000  
Loan 3 Crossings at Hobart(32)         Springing   Springing     Springing
Loan 4 Yeshiva University Portfolio(32) 19,402       Springing   Springing 275,625    
Property 4.01 2495 Amsterdam Avenue                    
Property 4.02 215 Lexington Avenue                    
Property 4.03 2520 Amsterdam Avenue                    
Property 4.04 245 Lexington Avenue                    
Property 4.05 253 Lexington Avenue                    
Loan 5 380 Lafayette Street 882     206,904 34,484 77,690 6,622     Springing
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) 190,219     1,033,595 129,199 339,972 32,378   5,089,582 Springing
Property 6.01 Hilton Anchorage         0          
Property 6.02 Renaissance Atlanta         0          
Loan 7 EIP Logistics Portfolio(32) Springing 1,000,000 20,000 114,604 25,421 139,040 11,587 762,775   Springing
Property 7.01 Mercury Paper, Inc.                    
Property 7.02 Precision Park                    
Loan 8 North Creek Office Complex 5,394 2,000,000 40,454 161,846 30,828 32,735 6,235   2,881,910 Springing
Loan 9 Flats East Bank Phase I 415   2,764 90,000 75,216 51,000 Springing   250,000 FF&E Reserves: 22,550; Seasonality Reserve Funds: 100,000; PIP Funds: Springing
Loan 10 Google Kirkland Campus Phase II(32) Springing   Springing   Springing   Springing   343,318 Springing
Loan 11 Art Van Portfolio(32) Springing   Springing   Springing   Springing   82,500 Springing
Property 11.01 Warren Distribution Center                    
Property 11.02 Comstock Park Retail                    
Property 11.03 Grand Rapids Retail                    
Property 11.04 Bloomfield Hills Retail                    
Property 11.05 Mattress Distribution Center                    
Loan 12 MVP Parking Portfolio 1,995     76,342 19,400   Springing 180,000    
Property 12.01 White Front Garage Partners                    
Property 12.02 St. Louis Seventh & Cerre                    
Property 12.03 MVP Houston San Jacinto Lot                    
Property 12.04 MVP Louisville Station Broadway                    
Property 12.05 St. Louis Broadway Group                    
Property 12.06 MVP Houston Preston Lot                    
Property 12.07 MVP Indianapolis Meridian Lot                    
Loan 13 340 Bryant (32) 1,038   5,189 145,000 48,333 13,868 1,981   500,000 Springing
Loan 14 Rearden Storage Portfolio 2,938     79,900 19,975 27,358 2,563 92,990    
Property 14.01 Forest Central Self Storage                    
Property 14.02 Carrollton Self Storage                    
Property 14.03 Frame Street Self Storage                    
Loan 15 Courtyard Marriott Shadyside 4.0% of Gross Income from Operations of the preceding month.     239,068 37,314   Springing   7,401 7,401
Loan 16 Holiday Inn Express Nashville - Downtown(32) 62,944     148,674 24,779 13,639 6,820 25,656 74,789 9,349
Loan 17 Brink’s Office Springing   Springing   Springing   Springing     Springing
Loan 18 Centre Place I       150,000 25,000 1,657 829     Springing
Loan 19 Euless Town Center 3,992   9,980 84,821 18,439 33,301 7,239 4,375 51,000 Springing
Loan 20 Town Park Apartments 7,083     58,494 18,570 158,941 12,614      
Loan 21 Baypoint Commerce Center(32) 11,496 750,000 86,222 366,978 61,163   Springing   2,524,767 Springing
Loan 22 Center West(32) Springing   Springing   Springing   Springing   2,352,223 Springing
Loan 23 Persis STNL Portfolio Springing   Springing   Springing 3,213 1,607      
Property 23.01 Outback Steakhouse Las Vegas                    
Property 23.02 Outback Steakhouse Sanford                    
Property 23.03 Outback Steakhouse Naperville                    
Property 23.04 Panda Express Camillus                    
Loan 24 Springhill Suites Tampa(33) 10,971     57,880 8,770 24,807 3,759     Springing
Loan 25 Hickory Corners 1,956 150,000 7,000 19,134 9,111 22,333 2,127 72,989 20,000 Springing
Loan 26 Gwinnett MF Portfolio 2,688     69,638 9,475 8,606 4,098 63,000    
Loan 27 Comfort Inn & Suites-Seattle 5,589     32,120 5,098 3,115 1,483 12,406 5,000 Springing
Loan 28 Highpark Corporate Center 1,119   5,595 18,000 6,000   Springing      
Loan 29 Oak Leaf Village Apartments 5,700     27,521 8,737 57,938 9,197 78,469    
Loan 30 Walgreens Portland Springing   Springing   Springing   Springing     Springing
Loan 31 Rite Aid Portfolio Lima OH 486   Springing   Springing 3,011 376      
Property 31.01 Rite Aid West Robb                    
Property 31.02 Rite Aid 506 West Market                    
Loan 32 AAAABCO Mini Storage 1,757   711 13,773 4,372 8,295 1,580 26,299 700,000 Springing
Loan 33 Walgreens Bangor Springing   Springing   Springing   Springing     Springing
Loan 34 Orchid Centre 365 48,000 1,421 37,852 12,016 7,025 558      
Loan 35 Microtel Georgetown 5,892     16,125 1,792 14,039 1,755   20,000 Springing
Loan 36 KB St. Louis Dialysis Portfolio Springing 11,500 Springing 9,189 9,189 1,287 643   19,945  
Property 36.01 Fresenius St. Louis                    
Property 36.02 DaVita St. Louis                    
Loan 37 Texas Hotel Pair 8,595     63,588 11,355 34,776 4,968   23,125 Springing
Property 37.01 Comfort Inn & Suites                    
Property 37.02 Motel 6                    
Loan 38 Park Pineway Plaza 1,073 300,000 2,862   2,606 4,200 1,000 10,106 20,787 Springing
Loan 39 123 Church Street 635 112,000 Springing 39,136 8,508 3,105 1,194     Springing
Loan 40 Summerhill Office Plaza 1,087   Springing 12,745 4,902 6,351 907     Springing
Loan 41 Comfort Suites Tucson 6,234     15,442 7,721 2,111 1,055   96,500 Springing
Loan 42 Best Western Syracuse-Liverpool 4,580     62,316 9,526 14,420 1,897 4,788 420,000 Springing
Loan 43 Bent Tree Apartments 1,542     15,890 2,270 2,512 2,512      

  

A-1-7

 

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

             
      Other Environmental    
Property     Reserves Report Engineering Loan
Flag ID Property Name Description(26)(27)(28)(29) Date(30)(31) Report Date Purpose
Loan 1 Ohio Valley Plaza Critical Tenant TI/LC Funds (Springing Monthly: Excess Cash Flow) 03/09/2017 03/14/2017 Refinance
Loan 2 Pershing Square Building(19)(33) Earnout Reserve 03/30/2017 03/30/2017 Refinance
Loan 3 Crossings at Hobart(32) Critical Tenant Funds (Monthly: Springing) 02/07/2017 02/09/2017 Refinance
Loan 4 Yeshiva University Portfolio(32)       Refinance
Property 4.01 2495 Amsterdam Avenue   02/07/2017 02/07/2017  
Property 4.02 215 Lexington Avenue   02/07/2017 02/07/2017  
Property 4.03 2520 Amsterdam Avenue   02/07/2017 02/07/2017  
Property 4.04 245 Lexington Avenue   02/07/2017 02/07/2017  
Property 4.05 253 Lexington Avenue   02/07/2017 02/07/2017  
Loan 5 380 Lafayette Street Common Charge Reserve (Monthly: Springing) 04/07/2017 04/06/2017 Refinance
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) Atlanta PIP Reserve ($2,500,000); Anchorage PIP Reserve ($2,500,000); Ground Rent Reserve ($89,582); Seasonality Reserve (Springing); PIP Reserve (Monthly Springing: Excess Cash Flow) 01/03/2017 01/03/2017 Refinance
Property 6.01 Hilton Anchorage   01/03/2017 01/03/2017  
Property 6.02 Renaissance Atlanta   01/03/2017 01/03/2017  
Loan 7 EIP Logistics Portfolio(32) Occupancy Reserve (Monthly: Springing)     Acquisition/Refinance
Property 7.01 Mercury Paper, Inc.   01/20/2017 01/19/2017  
Property 7.02 Precision Park   03/07/2017 01/19/2017  
Loan 8 North Creek Office Complex Outstanding TI/LC Funds (Upfront: $1,458,394); Critical Tenant TI/LC Funds (Upfront: $1,000,000; Monthly Springing: Excess Cash Flow); Rent Commencement Funds (Upfront: $277,029); Free Rent Funds (Upfront: $146,487) 02/27/2017 02/27/2017 Refinance
Loan 9 Flats East Bank Phase I Parking TIF Funds (Upfront: 250,000); FF&E Reserves (Monthly: 22,550); Seasonality Reserve Funds (Monthly: 100,000 during the months of May, June, July and August); PIP Funds (Monthly: Springing) 02/28/2017 12/20/2016 Refinance
Loan 10 Google Kirkland Campus Phase II(32) Rent Bridge Reserve (Upfront: 343,318); Major Tenant Reserve (Monthly: Springing) 08/02/2016 08/02/2016 Refinance
Loan 11 Art Van Portfolio(32) Environmental Reserve (Upfront: 82,500); Condominium Common Charge (Monthly: Springing); Art Van Prepaid Rent Funds (Monthly: Springing); Material Tenant Rollover Funds (Springing Monthly: Excess Cash Flow)     Acquisition
Property 11.01 Warren Distribution Center   02/06/2017 02/06/2017  
Property 11.02 Comstock Park Retail   02/06/2017 02/06/2017  
Property 11.03 Grand Rapids Retail   02/06/2017 02/06/2017  
Property 11.04 Bloomfield Hills Retail   02/06/2017 02/06/2017  
Property 11.05 Mattress Distribution Center   02/06/2017 02/06/2017  
Loan 12 MVP Parking Portfolio       Refinance
Property 12.01 White Front Garage Partners   03/20/2017 03/16/2017  
Property 12.02 St. Louis Seventh & Cerre   03/15/2017 03/16/2017  
Property 12.03 MVP Houston San Jacinto Lot   04/21/2017 04/21/2017  
Property 12.04 MVP Louisville Station Broadway   03/16/2017 03/16/2017  
Property 12.05 St. Louis Broadway Group   03/15/2017 03/16/2017  
Property 12.06 MVP Houston Preston Lot   03/15/2017 03/16/2017  
Property 12.07 MVP Indianapolis Meridian Lot   03/15/2017 03/16/2017  
Loan 13 340 Bryant (32) Occupancy Reserve (Monthly: Springing); Switchfly Reserve (Upfront: 500,000) 01/26/2017 12/07/2016 Acquisition
Loan 14 Rearden Storage Portfolio       Refinance
Property 14.01 Forest Central Self Storage   03/29/2017 03/29/2017  
Property 14.02 Carrollton Self Storage   03/30/2017 03/30/2017  
Property 14.03 Frame Street Self Storage   03/29/2017 03/29/2017  
Loan 15 Courtyard Marriott Shadyside Closing Ground Rent Reserve (Upfront: 7,401; Monthly: 7,401) 02/17/2017 01/06/2017 Refinance
Loan 16 Holiday Inn Express Nashville - Downtown(32) Parking Rent Funds 02/27/2017 02/27/2017 Refinance
Loan 17 Brink’s Office Critical Tenant TI/LC Reserve (Springing Monthly: Excess Cash Flow) 02/07/2017 02/07/2017 Refinance
Loan 18 Centre Place I Key Rollover Reserve (Monthly: Springing) 09/16/2016 09/14/2016 Acquisition
Loan 19 Euless Town Center Unfunded Obligations Funds (Upfront: $51,000); Specified Tenant Rollover Funds (Monthly Springing: Excess Cash Flow); IT’Z Tenant Funds (Monthly Springing: Excess Cash Flow) 03/06/2017 03/06/2017 Refinance
Loan 20 Town Park Apartments   01/16/2017 01/16/2017 Refinance
Loan 21 Baypoint Commerce Center(32) Unfunded Obligations Funds (Upfront: $2,524,767); Material Tenant Rollover Funds (Monthly Springing: Excess Cash Flow) 11/16/2016 11/15/2016 Refinance
Loan 22 Center West(32) Unfunded Obligations Reserve (Upfront: $2,352,223); Ground Rent Reserve (Monthly: Springing); Material Tenant Rollover Reserve (Monthly Springing: Excess Cash Flow) 10/28/2016 10/28/2016 Refinance
Loan 23 Persis STNL Portfolio       Acquisition/Recapitalization
Property 23.01 Outback Steakhouse Las Vegas   03/03/2017 03/03/2017  
Property 23.02 Outback Steakhouse Sanford   03/03/2017 03/03/2017  
Property 23.03 Outback Steakhouse Naperville   03/03/2017 03/03/2017  
Property 23.04 Panda Express Camillus   03/03/2017 03/03/2017  
Loan 24 Springhill Suites Tampa(33) PIP Funds 03/02/2017 03/02/2017 Refinance
Loan 25 Hickory Corners Toy-R-Us Space Repair Funds (Upfront: $20,000); Critical Tenant TI/LC Funds (Monthly Springing: Excess Cash Flow); Special TI/LC Funds: (Monthly: Springing) 08/15/2016 08/16/2016 Acquisition
Loan 26 Gwinnett MF Portfolio   11/7/2016; 11/7/2016; 1/30/2017 11/7/2016; 2/23/2017; 11/8/2016 Recapitalization
Loan 27 Comfort Inn & Suites-Seattle PIP Reserve (Upfront: $5,000; Monthly Springing: Excess Cash Flow) 12/30/2016 12/30/2016 Acquisition
Loan 28 Highpark Corporate Center   01/03/2017 01/03/2017 Refinance
Loan 29 Oak Leaf Village Apartments   12/16/2016 12/15/2016 Refinance
Loan 30 Walgreens Portland Critical Tenant TI/LC Funds (Monthly Springing: Excess Cash Flow) 01/13/2017 01/13/2017 Refinance
Loan 31 Rite Aid Portfolio Lima OH       Refinance
Property 31.01 Rite Aid West Robb   12/15/2016 12/15/2016  
Property 31.02 Rite Aid 506 West Market   12/15/2016 12/14/2016  
Loan 32 AAAABCO Mini Storage  Critical Tenant TI/LC Funds (Upfront: $400,000; Monthly Springing: Excess Cash Flow); Capital Project Funds (Upfront: $300,000) 01/18/2017 01/17/2017 Refinance
Loan 33 Walgreens Bangor Critical Tenant TI/LC Funds (Monthly Springing: Excess Cash Flow) 01/12/2017 01/13/2017 Refinance
Loan 34 Orchid Centre   02/01/2017 02/01/2017 Refinance
Loan 35 Microtel Georgetown Seasonality Reserve 01/24/2017 01/24/2017 Refinance
Loan 36 KB St. Louis Dialysis Portfolio Free Rent Reserve (Upfront: 19,945)     Acquisition
Property 36.01 Fresenius St. Louis   10/10/2016 10/07/2016  
Property 36.02 DaVita St. Louis   10/12/2016 10/07/2016  
Loan 37 Texas Hotel Pair PIP Funds (Upfront: $23,125); Future PIP Funds (Springing Monthly: Excess Cash Flow)     Refinance
Property 37.01 Comfort Inn & Suites   02/08/2017 02/08/2017  
Property 37.02 Motel 6   02/08/2017 02/08/2017  
Loan 38 Park Pineway Plaza Harbor Freight Rent Abatement Funds (Upfront: $20,787); Critical Tenant TI/LC Funds (Monthly Springing: Excess Cash Flow) 02/07/2017 02/07/2017 Refinance
Loan 39 123 Church Street Specified Tenant Rollover Funds (Monthly Springing: Excess Cash Flow) 01/04/2017 02/23/2017 Acquisition
Loan 40 Summerhill Office Plaza Specified Tenant Rollover Funds (Monthly Springing: Excess Cash Flow) 03/10/2017 03/10/2017 Refinance
Loan 41 Comfort Suites Tucson Seasonality Reserve (Upfront: 96,500; Monthly: Springing) 04/11/2017 04/11/2017 Acquisition
Loan 42 Best Western Syracuse-Liverpool PIP Funds (Upfront: $370,000); Seasonality Reserve Funds (Upfront: $50,000; Monthly: Springing); Future PIP Funds (Monthly Springing: Excess Cash Flow) 11/01/2016 11/01/2016 Refinance
Loan 43 Bent Tree Apartments   03/20/2017 03/16/2017 Refinance

  

A-1-8

 

 

 

CFCRE 2017-C8
 
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

                   
            Existing     Future Debt
Property           Additional Debt     Permitted
Flag ID Property Name Sponsor(25) Guarantor(25) Previous Securitization Amount   Existing Additional Debt Description Type
Loan 1 Ohio Valley Plaza E. Stanley Kroenke E. Stanley Kroenke LBUBS 1998-C1     None NAP
Loan 2 Pershing Square Building(19)(33) Jeffrey Fish Jeffrey Fish JPMCC 2013-C10     None Mezzanine
Loan 3 Crossings at Hobart(32) Schottenstein Realty LLC Schottenstein Realty LLC GECMC 2007-C1 13,942,476   Pari Passu Debt NAP
Loan 4 Yeshiva University Portfolio(32) Yeshiva University Yeshiva University   105,000,000   Pari Passu Debt NAP
Property 4.01 2495 Amsterdam Avenue              
Property 4.02 215 Lexington Avenue              
Property 4.03 2520 Amsterdam Avenue              
Property 4.04 245 Lexington Avenue              
Property 4.05 253 Lexington Avenue              
Loan 5 380 Lafayette Street Select Equity Group, L.P. Select Equity Group, L.P. COMM 2007-C9     None NAP
Loan 6 Atlanta and Anchorage Hotel Portfolio(32) Columbia Sussex Corporation; CSC Holdings, LLC Columbia Sussex Corporation; CSC Holdings, LLC Various 82,152,334   Pari Passu Debt NAP
Property 6.01 Hilton Anchorage     JPMCC 2007-CB18        
Property 6.02 Renaissance Atlanta              
Loan 7 EIP Logistics Portfolio(32) Bruce Levine; Donald A. Levine; Lewis Heafitz Bruce Levine; Donald A. Levine; Lewis Heafitz   12,000,000   Pari Passu Debt NAP
Property 7.01 Mercury Paper, Inc.              
Property 7.02 Precision Park              
Loan 8 North Creek Office Complex Zaya S. Younan Zaya S. Younan A10 2015-1     None NAP
Loan 9 Flats East Bank Phase I Scott A. Wolstein; Iris S. Wolstein Trust Scott A. Wolstein; Iris S. Wolstein Trust       None NAP
Loan 10 Google Kirkland Campus Phase II(32) SRM Development, LLC Bryan P. Stone; James D. Rivard; Dee J. McGonigle III; Trevor Ashenbrener; Ryan Leong   50,000,000   Pari Passu Debt NAP
Loan 11 Art Van Portfolio(32) LCN Capital Partners, L.P. LCN North American Fund II REIT   48,250,000   Pari Passu Debt NAP
Property 11.01 Warren Distribution Center              
Property 11.02 Comstock Park Retail              
Property 11.03 Grand Rapids Retail              
Property 11.04 Bloomfield Hills Retail              
Property 11.05 Mattress Distribution Center              
Loan 12 MVP Parking Portfolio MVP REIT, Inc.; MVP REIT II, Inc. MVP REIT, Inc.; MVP REIT II, Inc.       None NAP
Property 12.01 White Front Garage Partners              
Property 12.02 St. Louis Seventh & Cerre              
Property 12.03 MVP Houston San Jacinto Lot              
Property 12.04 MVP Louisville Station Broadway              
Property 12.05 St. Louis Broadway Group              
Property 12.06 MVP Houston Preston Lot              
Property 12.07 MVP Indianapolis Meridian Lot              
Loan 13 340 Bryant (32) James M. Pollock James M. Pollock   14,700,000   Pari Passu Debt NAP
Loan 14 Rearden Storage Portfolio Robert O’Neal Gray; Santa Fe Realty Corporation Robert O’Neal Gray; Santa Fe Realty Corporation CFCRE 2011-C1     None NAP
Property 14.01 Forest Central Self Storage              
Property 14.02 Carrollton Self Storage              
Property 14.03 Frame Street Self Storage              
Loan 15 Courtyard Marriott Shadyside Carey Watermark Investors Inc. Carey Watermark Investors, Incorporated       None NAP
Loan 16 Holiday Inn Express Nashville - Downtown(32) James M. Lippman; Birchmont Capital Partners I, L.P. James M. Lippman; Birchmont Capital Partners I, L.P.   56,337,515   Pari Passu Debt NAP
Loan 17 Brink’s Office M-Related, LLC M-Related, LLC WBCMT 2007-C34     None NAP
Loan 18 Centre Place I Richard V. Bowling, Jr. Richard V. Bowling, Jr.       None NAP
Loan 19 Euless Town Center Bijan Halavi; Farzad Sean Rahbar; Bob Halavi Bijan Halavi; Farzad Sean Rahbar; Bob Halavi       None NAP
Loan 20 Town Park Apartments Gul S. Panjwani; Ajay K. Gupta Gul S. Panjwani; Ajay K. Gupta LBUBS 2007-C6     None NAP
Loan 21 Baypoint Commerce Center(32) Jeffrey J. Feil Jeffrey J. Feil   30,000,000   Pari Passu Debt NAP
Loan 22 Center West(32) Kambiz Hekmat Kambiz Hekmat   70,000,000   Pari Passu Debt NAP
Loan 23 Persis STNL Portfolio Persis Corporation Persis Corporation Various     None NAP
Property 23.01 Outback Steakhouse Las Vegas     BMLDB 2012-OSI        
Property 23.02 Outback Steakhouse Sanford     BMLDB 2012-OSI        
Property 23.03 Outback Steakhouse Naperville     BMLDB 2012-OSI        
Property 23.04 Panda Express Camillus              
Loan 24 Springhill Suites Tampa(33) Dilip Kanji Dilip Kanji       None Mezzanine
Loan 25 Hickory Corners Gary J. Dragul Gary J. Dragul GSMS 2013-GC14     None NAP
Loan 26 Gwinnett MF Portfolio Andrew Kelly Andrew Kelly       None NAP
Loan 27 Comfort Inn & Suites-Seattle Xiaonan Song; Hao Wu Xiaonan Song; Hao Wu       None NAP
Loan 28 Highpark Corporate Center David D. Colburn David D. Colburn MSC 2007-IQ14     None NAP
Loan 29 Oak Leaf Village Apartments Thu Xuan Hoang Thu Xuan Hoang WMCMS 2015-C1A     None NAP
Loan 30 Walgreens Portland Clearview Investments, Ltd. Clearview Investments, Ltd.       None NAP
Loan 31 Rite Aid Portfolio Lima OH Om Singhal Om Singhal Various     None NAP
Property 31.01 Rite Aid West Robb     GECMC 2007-C1        
Property 31.02 Rite Aid 506 West Market     WBCMT 2007-C33        
Loan 32 AAAABCO Mini Storage Samuel Ventura Samuel Ventura       None NAP
Loan 33 Walgreens Bangor Clearview Investments, Ltd. Clearview Investments, Ltd.       None NAP
Loan 34 Orchid Centre Avram Glazer Avram Glazer LBUBS 2004-C4     None NAP
Loan 35 Microtel Georgetown Robert Chadwick Moore Robert Chadwick Moore       None NAP
Loan 36 KB St. Louis Dialysis Portfolio Louis J. Rogers Louis J. Rogers       None NAP
Property 36.01 Fresenius St. Louis              
Property 36.02 DaVita St. Louis              
Loan 37 Texas Hotel Pair Jatin Bhakta, Anand Bhakta; Jagdish Bhakta; Dinesh G. Bhakta Jatin Bhakta, Anand Bhakta; Jagdish Bhakta; Dinesh G. Bhakta       None NAP
Property 37.01 Comfort Inn & Suites              
Property 37.02 Motel 6              
Loan 38 Park Pineway Plaza Narinder Parasher; Anju Parasher; NAP Family Revocable Trust Narinder Parasher; Anju Parasher; NAP Family Revocable Trust MSC 2007-IQ14     None NAP
Loan 39 123 Church Street Aryeh Yasgur; Jonathan Marcus Aryeh Yasgur; Jonathan Marcus       None NAP
Loan 40 Summerhill Office Plaza Russell Armstrong Russell Armstrong       None NAP
Loan 41 Comfort Suites Tucson Robert Burton Robert Burton       None NAP
Loan 42 Best Western Syracuse-Liverpool Satish Patel; Damyanti Patel Satish Patel; Damyanti Patel       None NAP
Loan 43 Bent Tree Apartments Harold J. Granger; Donald G. Johnson Harold J. Granger; Donald G. Johnson       None NAP

  

A-1-9

 

CFCRE 2017-C8
 
FOOTNOTES TO ANNEX A-1
   
(1) CCRE—Cantor Commercial Real Estate Lending, L.P. or one of its affiliates; UBSAG – UBS AG; RMF – Rialto Mortgage Finance
   
(2) Loan No. 3 – Crossings at Hobart – The Original Balance ($) of $43.0 million and Cut-off Date Balance ($) of approximately $42.8 million represents the controlling Note A-1 and non-controlling Note A-2-B of a whole loan with an original balance of $57.0 million, which is evidenced by three pari passu notes (the “Crossings at Hobart Whole Loan”).  The related pari passu companion loan has an aggregate original principal balance of $14.0 million and is evidenced by one non-controlling note (Note A-2-A). Note A-2-A is expected to be contributed to a future securitization.
   
  Loan No. 4 – Yeshiva University Portfolio – The Original Balance ($) and Cut-off Date Balance ($) of $35.0 million represents the non-controlling Note A-4 of a $140.0 million whole loan evidenced by four pari passu notes (“Yeshiva University Portfolio Whole Loan”). The related pari passu companion loans have an aggregate original principal balance of $105.0 million and are evidence by three notes including controlling Note A-1, non-controlling Note A-2 and non-controlling Note A-3. Controlling Note A-1 and non-controlling Note A-2 are held by Argentic Real Estate Finance LLC and are expected to be contributed to one or more future mortgage trusts. Non-controlling Note A-3 is held by Citi Real Estate Funding Inc. and is expected to be contributed to a future mortgage trust
   
  Loan No. 6 – Atlanta and Anchorage Hotel Portfolio – The Original Balance ($) of $32.5 million and Cut-off Date Balance ($) of approximately $32.4 million represents the controlling Note A-1-A-1 of a whole loan with an original balance of $115.0 million which is evidenced by six pari passu notes (the “Atlanta and Anchorage Hotel Portfolio Whole Loan”).  The related pari passu companion loans have an aggregate original principal balance of $82.5 million and are evidenced by five non-controlling notes (Note A-1-A-2, Note A-1-B, Note A-2, Note A-3-A, and Note A-3-B). Note A-2 was contributed to the CGCMT 2017-P7 securitization, and Note A-1-A-2, Note A-1-B, Note A-3-A, and Note A-3-B are expected to be contributed to future securitizations.
   
  Loan No. 7 – EIP Logistics Portfolio – The Original Balance ($) and Cut-off Date Balance ($) of $29.0 million represents the controlling Note A-1 of a $41.0 million whole loan evidenced by two pari passu notes (the “EIP Logistics Portfolio Whole Loan”). The related pari passu companion loan has an original principal balance of $12.0 million and is evidenced by the non-controlling Note A-2 which is held by CCRE and is expected to be contributed to a future mortgage trust.
   
  Loan No. 10 – Google Kirkland Campus Phase II – The Original Balance ($) and Cut-off Date Balance ($) of $22.5 million represents the non-controlling Note A-2 of a $72.5 million whole loan evidenced by two pari passu notes (the “Google Kirkland Campus Phase II Whole Loan”). The related pari passu companion loan has an aggregate original principal balance of $50.0 million and is evidenced by the controlling Note A-1 which was contributed to the CFCRE 2016-C7 mortgage trust.
   
  Loan No. 11 – Art Van Portfolio – The Original Balance ($) and Cut-off Date Balance ($) of $20.5 million represents two non-controlling notes (Note A-2 and Note A-3) of a $68.75 million whole loan evidenced by five pari passu notes (the “Art Van Portfolio Whole Loan”).  The related pari passu companion loans have an aggregate original principal balance of $48.25 million and are evidenced by two non-controlling notes (Note A-4 and Note A-5) and one controlling note (Note A-1).  Note A-4 and Note A-5 were contributed to the WFCM 2017-RB1 mortgage trust.  Note A-1 is expected to be contributed to a future securitization.

 

A-1-10

 

 

  Loan No. 13 – 340 Bryant – The Original Balance ($) and Cut-off Date Balance ($) of $16.0 million represents the controlling Note A-1 of a $30.7 million whole loan evidenced by two pari passu notes (the “340 Bryant Whole Loan”). The related pari passu companion loan has an aggregate original principal balance of $14.7 million and is evidenced by the non-controlling Note A-2, which was contributed to the WFCM 2017-RB1 mortgage trust.
   
  Loan No. 16 – Holiday Inn Express Nashville - Downtown – The Original Balance ($) of $15.45 million and Cut-off Date Balance ($) of $15.26 million represents non-controlling Note A-3 of a $72.5 million whole loan evidenced by three pari passu notes. The related pari passu companion loans have an aggregate original principal balance of $57.05 million and are evidenced by one controlling note (Note A-1) and one non-controlling note (Note A-2).  Note A-1 was contributed to the CFCRE 2016-C6 mortgage trust and Note A-2 was contributed to the SGCMS 2016-C5 mortgage trust.
   
  Loan No. 21 – Baypoint Commerce Center – The Original Balance ($) and Cut-off Date Balance ($) of $10.0 million represents non-controlling Note A-1 of a $40.0 million whole loan evidenced by four pari passu notes.  The related pari passu companion loans have an aggregate original principal balance of $30.0 million and are evidenced by one controlling note (Note A-2) and two non-controlling notes (Note A-3 and Note A-4).  Note A-2, Note A-3, and Note A-4 are expected to be contributed to future securitizations.  
   
  Loan No. 22 – Center West – The Original Balance ($) and Cut-off Date Balance ($) of $10.0 million represents non-controlling Note A-4 of a $80.0 million whole loan evidenced by four pari passu notes.  The related pari passu companion loans have an aggregate original principal balance of $70.0 million and are evidenced by two non-controlling notes (Note A-1 and Note A-3) and one controlling note (Note A-2).  Note A-1 was contributed to the BBCMS 2017-C1 mortgage trust.  Note A-2 and Note A-3 were contributed to the WFCM 2017-RB1 mortgage trust.  
   
(3) With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut-off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property.
   
(4) Loan No. 2 – Pershing Square Building – The borrower owns a (i) fee simple interest in 114,999 sq. ft. (60.0% of gross rents) of office space, (ii) a fee simple interest in 23,413 sq. ft. of ground floor and below-grade retail space and (iii) a fee simple interest in 14,969 sq. ft. (40.0%) of rooftop open-air restaurant space.
   
  Loan No. 9 – Flats East Bank Phase I – The borrower owns a (i) fee simple interest in a 150 key hotel (94,904 sq. ft., 74.1% of NRA, 83.2% of U/W Revenue), (ii) fee simple interests in 33,166 sq. ft. (25.9% of NRA, 10.5% of U/W Revenue) of commercial and retail space and (iii) a fee simple interest in 174-space (6.3% of U/W Revenue) surface parking lot.
   
  Loan No. 15  – Courtyard Marriott Shadyside – The borrower owns a (i) fee simple interest in a 132 key select service hotel and (ii) a leasehold interest in an adjacent outside parking facility.
   
  Loan No. 18 – Centre Place I – The borrower owns a (i) fee simple interest in 13,157 sq. ft. of office space and (ii) a fee simple interest in 4,550 sq. ft. of ground floor commercial space.
   
  Loan No. 32 – AAAABCO Mini Storage – The borrower owns a fee simple interest in (i) 106,460 sq. ft. of self storage and (ii) 34,138 sq. ft. of retail space.

 

A-1-11

 

 

  Loan No. 39 – 123 Church Street – 123 Church Street – The borrower owns one 4-story building containing (i) a fee simple interest in 30,000 sq. ft. of office space on floors 2, 3 and 4 and (ii) a fee simple interest in 8,874 sq. ft. of ground floor retail space.
   
(5) Loan No. 7 – EIP Logistics Portfolio – Precision Park Mortgaged Property - As of 2008, the Precision Park Mortgaged Property is subject to land use restrictions. In 2015, the Rhode Island Department of Environmental Management (“RIDEM”) inspected the Precision Park Mortgaged Property and noted compliance with the land use restriction, which prohibits (i) residential use of the eastern and western portions of the Precision Park Mortgaged Property and (ii) disturbance of soils without written permission from RIDEM.
   
  Loan No. 9 – Flats East Bank Phase I – The related Phase I environmental report dated February 28, 2017 identified prior remediation activities related to a past industrial use at the Mortgaged Property. The Ohio Environmental Protection Agency (the “Ohio EPA”) granted closure on December 20, 2010 in connection with a recorded deed restriction that prohibits residential use or use of groundwater at the Mortgaged Property and requires that the vapor migration system remain operable. The Phase I recommended continued compliance with the Ohio EPA conditions and restrictions. The current use of the Mortgaged Property does not violate the deed restriction.
   
  Loan No. 13 – 340 Bryant – A portion of the Mortgaged Property (the “120 Area”) is subject to a height boundary of 120 feet above the San Francisco City Datum (a height measured above San Francisco’s watermark) and the remaining portion is subject to a height boundary of 100 feet two inches above the San Francisco City Datum. Following recent building improvements, a portion of a staircase, walkway cover and elevator penthouse (located in the 120 Area) are approximately 1 foot above the permitted height. The title insurance policy for the Mortgaged Property notes certain minor encroachments (including the encroachments in the 120 Area described above). However, the title insurance policy includes affirmative coverage against any loss or damage status by reason of any existing violations of the height restrictions. The Mortgage Loan documents also provide for recourse to the borrower and guarantor for any losses to the lender incurred as a result of violations of the height restrictions.
   
(6) Loan No. 4 – Yeshiva University Portfolio – The Yeshiva University Portfolio has an ARD of May 6, 2027 and a stated maturity date of May 6, 2032. Prior to the ARD, the Yeshiva University Portfolio Whole Loan accrues interest at a fixed rate of 4.3240%. From and after the ARD, the Yeshiva University Portfolio Whole Loan will accrue interest at a fixed rate equal to the greater of (i) 8.3240% and (ii) the then 10-year U.S. Treasury yield on the ARD plus 4.0000%.
   
(7) The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, asset representations reviewer fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. 
   
(8) Annual Debt Service, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service, the average of such interest only payments).  

 

 

A-1-12

 

 

(9) “Hard” generally means each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all (or most) credit card receipts are deposited directly into the lockbox by the card processing company and all over-the-counter cash (or in some cases, over a certain dollar amount) and checks and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lender controlled lockbox and the borrower and/or the property manager are required to deposit all rents collected from the tenants into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to establish a lender controlled lockbox account and to direct each tenant to deposit its rents directly to the lender-controlled lockbox. “Soft Springing Hard” means that prior to the securitization closing date, a soft lockbox was established for such Mortgage Loan and upon a trigger event (as specified in the related Mortgage Loan documents), the borrower is required to direct each tenant to deposit its rents directly into a lender-controlled lockbox.
   
(10) “In Place” means that amounts in the lender controlled lockbox account are applied to pay debt service, reserves and any other payment amounts due under (and as specified in) the related Mortgage Loan documents, prior to the disbursement of any excess cash either to the related borrower or to a lender controlled acount to be held as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan documents), amounts in the lockbox account (which may have been put in place in connection with the trigger) will be applied as described above in the definition of “In Place” cash management (as described above). Springing cash management will continue until all trigger events are cured (to the extent set forth in the related Mortgage Loan documents (including that under some circumstance a cure is not permitted under the related Mortgage Loan documents)).
   
(11) Loan No. 3 – Crossings at Hobart – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loan in the aggregate.
   
  Loan No. 4 – Yeshiva University Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loan in the aggregate.
   
  Loan No. 6 – Atlanta and Anchorage Hotel Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loan in the aggregate.
   
  Loan No. 7 EIP Logistics Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.

 

A-1-13

 

 

  Loan No. 10 – Google Kirkland Campus Phase II – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 11 – Art Van Portfolio - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 13 – 340 Bryant – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate
   
  Loan No. 16 – Holiday Inn Express Nashville – Downtown - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 21 – Baypoint Commerce Center - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
  Loan No. 22 – Center West - The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads/Beds) ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate.
   
(12) The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this preliminary prospectus.
   
(13) Loan No. 16 – Holiday Inn Express Nashville - Downtown – Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value ($) with respect to the loan is based on the value of $118.0 million, which assumes the “As Complete” appraised value as of February 27, 2018.  The franchisee is required to complete a property improvement plan (“PIP”) in accordance with the franchise agreement.  At loan origination, the borrower delivered a $5,309,000 letter of credit assigned to the lender until completion of the franchisor-required PIP. In addition, the guarantors delivered a guaranty of completion for the PIP work ensuring the completion and payment of the work are completed in accordance with the terms and provisions of the loan agreement. The Cut-off Date LTV Ratio based on the $113.0 million “As Is” appraised value is 63.4%.  
   
  Loan No. 32 – AAAABCO Mini Storage – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD and Appraised Value ($) with respect to the mortgage loan is based on the value of $13.03 million, which assumes the “As Complete” value as of March 11, 2017. The Cut-off Date LTV Ratio is based on the $12.72 million “As Is” value is 50.2%.

 

A-1-14

 

 

  Loan No. 42 – Best Western Syracuse – Liverpool - Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value ($) with respect to the loan is based on the value of $5.1 million, which assumes the “As Complete” appraised value as of November 1, 2017.  The franchisee is required to complete a property improvement plan in accordance with the franchise agreement.  As such, lender has reserved 125.0% of the estimated property improvement plan cost.  The Cut-off Date LTV Ratio based on the $4.7 million “As Is” appraised value is 63.7%.  
   
(14) Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.
   
  “L(x)” means lock-out for x payments.
   
  “D(x)” means may be defeased for x payments.
   
  “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.
   
  “DorYM1 (x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.
   
  “O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date.
   
  Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this preliminary prospectus.
   
(15) Loan No. 3 – Crossings at Hobart – The lockout period is expected to be at least 26 payment dates beginning with and including the first payment date of April 6, 2017.  Prepayment of the full $57.0 million Crossings at Hobart Whole Loan is permitted on or after the date that is earlier to occur of (i) April 6, 2020 and (ii) two years after the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected CFCRE 2017-C8 securitization closing date in June 2017. The actual lockout period may be longer.
   
  Loan No. 4 – Yeshiva University Portfolio – The lockout period will be at least 25 payment dates beginning with and including the first payment date of June 6, 2017. Defeasance in whole or in part is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) April 21, 2021. The assumed lockout is based on the expected CFCRE 2017-C8 securitization closing date in June 2017. The actual lockout period may be longer.
   
  Loan No. 6 – Atlanta and Anchorage Hotel Portfolio – The lockout period for defeasance is expected to be at least 27 payment dates beginning with and including the first payment date of April 6, 2017. Defeasance of the full $115.0 million Atlanta Anchorage Hotel Portfolio Whole Loan is permitted on or after the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized (the “Defeasance Lockout Expiration Date”). To the extent the Defeasance Lockout Expiration Date has not occurred prior to April 6, 2020, the borrower shall have the right (until such time as the Defeasance Lockout Expiration Date has occurred) to prepay the mortgage loan in whole (but not in part) accompanied by a yield maintenance premium. The assumed lockout period of 27 payments is based on the expected CFCRE 2017-C8 securitization closing date in June 2017. The actual lockout period may be longer.

 

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  Loan No. 7 – EIP Logistics Portfolio – The lockout period will be at least 26 payment dates beginning with and including the first payment date of May 6, 2017. Defeasance is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) May 6, 2020. The assumed lockout period of 26 payments is based on the CFCRE 2017-C8 securitization closing date in June 2017. The actual lockout period may be longer.
   
  Loan No. 11 – Art Van Portfolio – The lockout period will be at least 27 payment dates beginning with and including the first payment date of April 6, 2017. Prepayment of the full $68.75 million Art Van Portfolio Loan combination is permitted on or after the date that is earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized, and (ii) April 6, 2020. For the purposes of this prospectus supplement, the assumed lockout period of 27 months is based on the expected CFCRE 2017-C8 securitization closing date in June 2017.  The actual lockout period may be longer.
   
  Loan No. 16 – Holiday Inn Express Nashville - Downtown – The lockout period for defeasance will be at least 35 payment dates beginning with and including the first payment date of August 1, 2016. Prepayment of the full $72.5 million Holiday Inn Express Nashville – Downtown loan combination is permitted on or after the date that is the earlier to occur of (i) two years after the CFCRE 2017-C8 securitization closing date, and (ii) August 1, 2019. The assumed lockout period of 35 payments is based on the expected CFCRE 2017-C8 securitization closing date in June 2017. The actual lockout period may be longer.
   
  Loan No. 21 – Baypoint Commerce Center – The lockout period will be at least 26 payment dates beginning with and including the first payment date of May 6, 2017. Prepayment of the full $40.0 million Baypoint Commerce Center loan combination is permitted on or after the date that is earlier to occur of (i) 36 months after the first payment date of the entire loan, and (ii) two years after the closing date of the securitization that includes the last pari passu note to be securitized.
   
  Loan No. 22 – Center West – The lockout period will be at least 24 payment dates beginning with and including the first payment date of January 6, 2017. Prepayment of the full $80.0 million Center West loan combination is permitted on or after the 24 months after the first payment date of the entire loan.  
   
(16) Loan No. 2 – Pershing Square Building – The borrower has the right, subject to the conditions in the Mortgage Loan documents, to subject the Mortgaged Property to a condominium regime consisting of up to four units, including a unit comprised of 10,415 sq. ft. basement space (the “Basement Unit”) and another unit comprised of 12,998 sq. ft. of the ground floor (the “Ground Floor Units”). At any time after the permitted release date, the borrower may obtain the release of the Basement Unit and/or the Ground Floor Unit provided, among other things, (i) a defeased amount equal to the greater of (a) 85.0% of the net sale proceeds from the sale of such release parcel and (b) 125.0% of the allocated loan amount of the property is paid, (ii) the borrower pays the applicable yield maintenance premium, (iii) the LTV ratio of the remaining Property is no greater than 58.67% and (iv) the DSCR of the remaining Property is no less than 1.60x and (v) the debt yield is no less than 10.0%.
   
  Loan No. 4 – Yeshiva University Portfolio – At any time after the expiration of the lockout period, on or after April 21, 2021, the borrower may obtain the release of one or both of the 2495 Amsterdam Avenue Mortgaged Property and the 2520 Amsterdam Avenue Mortgaged Property (the “Amsterdam Avenue Properties”) in connection with a refinancing or a bona fide third party sale subject to the satisfaction of certain conditions, including (i) the borrower partially defeases the Yeshiva University Portfolio Whole Loan in an amount equal to 125.0% of the allocated loan amount of the applicable Amsterdam Avenue Property, (ii) after giving effect to such release, the net operating income debt yield is no less than the greater of (x) the debt yield immediately preceding such release and (y) 10.96% and (iii) the LTV of the remainging Mortgaged Properties is no greater than 125.0%.

 

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  Loan No. 9 – Flats East Bank Phase I - At any time after the expiration of the lockout period, the borrower may obtain the release of the Parking Component, provided, among other things, (i) the borrowers deliver defeasance collateral in an amount equal to $4,080,000, which is 120.0% of the Allocated Loan Amount of the Parking Component and (ii) after such release, (a) the DSCR is no less than the greater of (1) DSCR immediately preceding such release and (2) the DSCR at loan origination (1.43x), (b) the debt yield is no less than the greater of (1) the debt yield immediately preceding such release and (2) the debt yield at loan origination (10.2%), and (c) the loan to value ratio is no greater than the lesser of (1) the LTV ratio immediately preceding such release and (2) the LTV ratio at loan origination (65.7%).
   
  Loan No. 11 – Art Van Portfolio – The sponsor may obtain a release of any of the Art Van Properties except the Warren Distribution Center property, upon prepayment by defeasance of a portion of the Art Van Portfolio Loan equal to the greater of 115.0% of the allocated loan amount or the amount necessary to maintain a DSCR and debt yield that is no lower than (i) the DSCR and debt yield at closing, or (ii) the DSCR and debt yield immediately prior to the release based on the underwritten net cash flow, as well as an LTV that is no greater than (iii) the lesser of the LTV at origination and the LTV as of the date immediately prior to the release, (iv) gives at least 30 but no more than 90 days’ notice, and (v) rating agency confirmation and (vi) Officer’s certificate.
   
  Loan No. 12- MVP Parking Portfolio –  At any time after the permitted release date, the borrowers may obtain the relase of any individual Mortgaged Property, provided, among other things, (i) the borrowers deliver a defeased amount equal to the greater of (a) 100.0% of net sales procees received for the Mortgaged Property beign released and (b) 125.0% of the allocated loan amount of the Mortgaged Property being released, (ii) the LTV of the remaining Mortgaged Properties is no greater than the lesser of (a) the LTV immediately preceding such release and (b) the LTV ratio at loan origination (55.2%) and (iii) after such release, the DSCR of the remaining Mortgaged Properties is no less than the greater of (a) the DSCR immediately preceding such release and (b) the DSCR at loan origination (1.90x).
   
  Loan No. 14 – Rearden Storage Portfolio – At any time after the release date and prior to the open prepayment date, the borrower may obtain the release of any property owned by it upon a bona fide third-party sale of such property provided, (i) the sale is to a third party not an affiliate of any borrower or guarantor, (ii) a defeased amount equal to 125.0% of the allocated loan amount of the Mortgaged Property is paid, (iii) no event of default is occurring or continuing, (iv) DSCR is no less than the greater of (a) the DSCR immediately preceding such release or (b) 1.50x and (v) the LTV is no greater that the lesser of (a) the LTV immediately preceding such release or (b) 54.9%.
   
  Loan No. 23 – Persis STNL Portfolio – At any time after the permitted release date, the borrower may obtain the release of an individual Mortgaged Property provided, among other things, after giving effect to the release, (i)  the LTV ratio is required to be no greater than the lesser of (a) the LTV ratio immediately preceding the release and (b) 57.1%, (ii) the DSCR is required to be no less than the greater of (a) the DSCR immediately preceding the release and (b) 1.40x, (iii) the debt yield shall be no less than the greater of (a) the debt yield immediately preceding the release and (b) 9.18%, (iv) the borrower must pay the applicable release amount for the Mortgaged Property equal to the greater of (a) $1,095,600 with respect to the Panda Express Camillus Mortgaged Property, (b) $3,063,600 with respect to the Outback Steakhouse Naperville Mortgaged Property, (c) $3,286,800 with respect to the Outback Steakhouse Sanford Mortgaged Property and (d) $4,314,000 with respect to the Outback Steakhouse Las Vegas Mortgaged Property.
   
  Loan No. 36 – KB St. Louis Dialysis Portfolio – At any time after the permitted release date, the borrower may obtain the release of an individual property provided, among other things, (i) the amount of the outstanding principal balance of the loan to be defeased is required to be equal or exceed the greater of (a) 125.0% of the allocated loan amount for the applicable individual property and (b) the applicable net

 

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  sales proceeds, (ii) no event of default has occurred and is continuing, (iii) the DSCR for the remaining properties is not less than the greater of (a) 1.25x and (b) the DSCR immediately prior to the release, (iv) the LTV ratio for the remaining properties is less than or equal to 70.0%. The allocated loan amount is $3,427,250 with respect to the Fresenius St. Louis Mortgaged Property and $1,790,750 with respect to the DaVita St. Louis Mortgaged Property
   
(17) Loan No. 15 – Courtyard Marriott Shadyside – The borrower owns a (i) fee simple interest in a 132 key select service hotel and (ii) a leasehold interest in an adjacent parking lot. The fee estate in the Mortgaged Property is owned by the borrower and leased to a wholly-owned operating lessee. The operating lessee is not an obligor under the Courtyard Marriott Shadyside Loan, but has collaterally assigned all rents and assets to lender pursuant to a separate security agreement and is a party to the DACA and CMA with respect to the application of cash flow. The operating lease is subordinate to the Courtyard Marriott Shadyside Loan and in the event of a foreclosure, the lender has the right to dissolve the operating lease
   
  Loan No. 23 – Persis STNL Portfolio – Panda Express Camillus Property – The borrower owns the fee simple interest in the Panda Express Camillus Property but the improvements are owned by the tenant. The tenant signed a 20-year absolute NNN lease with no early termination options. The ground lease expires on December 31, 2035 with five, 5-year renewal options.
   
(18) The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:
   
  Loan No. 6 – Atlanta and Anchorage Hotel Portfolio – The Renaissance Atlanta Mortgaged Property is subject to a 90-year ground lease with the City of Atlanta, which expires on June 28, 2078, with no renewal options remaining. The annual fixed ground rent is $145,249. In addition, the ground lease requires the related borrower to pay to the ground lessor, as additional rent, on a quarterly basis one and one-half percent (1.5%) of the gross annual room sales from the Mortgaged Property.
   
  Loan No. 15 – Courtyard Marriott Shadyside – The borrower owns a leasehold interest in an adjacent outside parking facility. The fee estate in the Mortgaged Property is owned by the borrower and leased to a wholly-owned operating lessee. The operating lessee is not an obligor under the loan, but has collaterally assigned all rents and assets to lender pursuant to a separate security agreement and is a party to the DACA and CMA with respect to the application of cash flow. The operating lease is subordinate to the Courtyard Marriot Shadyside Loan and in the event of a foreclosure, the lender has the right to dissolve the operating lease.
   
  Loan No. 16 - Holiday Inn Express Nashville – Downtown - The related mortgage creates a first lien on the fee interest in the primary portion of the Mortgaged Property containing the related hotel and on a leasehold interest of the borrower in an adjoining parking lot parcel, which is ground leased from Sudekum, L.P. and contains 66 parking spaces. The original ground lease commenced on January 1, 2007 and includes 21, one-year options, extending the ground lease expiration date through December 31, 2028. Annual ground rent is $112,183 with annual 5.0% increases. The parking spaces located on the parcel subject to the ground lease are not required compliance with zoning requirements.
   
  Loan No. 23 – Persis STNL Portfolio – Panda Express Camillus Mortgaged Property – The borrower owns the fee simple interest in the Panda Express Mortgaged Camillus Property but the improvements are owned by the tenant. The tenant signed a 20-year absolute NNN lease with no early termination options. The ground lease expires on December 31, 2035 with five, 5-year renewal options.
   
  Loan No. 22 – Center West – The Center West Mortgaged Property is subject to a ground lease with an expiration date of December 23, 2085.

 

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(19) Loan No. 2 – Pershing Square –  Various tenants at the Pershing Square Building Mortgaged Property are affiliated with the borrower sponsor. The borrower affiliated tenants occupy 45,518 sq. ft. (29.7% of NRA) and account for approximately 44.4% of underwritten base rent.
   
  Loan No. 4 – Yeshiva University Portfolio – The Yeshiva University Portfolio Properties are 100.0% occupied by Yeshiva University, which is the sponsor of the borrower and guarantor of the leases.
   
  Loan No. 5 – 380 Lafayette Street – Select Equity, the sole tenant, is an affiliate of the borrower, sponsor and guarantor and currently leases 45,678 sq. ft. (100% of NRA) and account for 100.0% of the underwritten base rent.
   
(20) Loan No. 8 – North Creek Office Complex – The 2nd Largest Tenant, Firstsource Group USA, Inc. leases 60,874 sq. ft. expiring on July 31, 2020 and 3,500 sq. ft. on a month-to-month basis.
   
  Loan No. 10 – Google Kirkland Campus Phase II – In March 2016, Google executed a triple-net lease, which, with respect to 125,520 sq. ft., expires on November 30, 2027 and with respect to 55,324 sq. ft. expires on January 31, 2029.
   
(21) The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely.  In addition to the foregoing, the following are early non-contingent termination options for those tenants listed in Annex A-1:
   
  Loan No. 2 – Crossings at Hobart –  If the borrower fails to maintain the parking ratios set forth in the following subclauses (a) through (c) for three consecutive months after notice to the borrower then the Fifth Largest Tenant, Best Buy Stores, L.P. dba Best Buy has the right to either (i) terminate its lease by providing 90 days’ prior written notice or (ii) pay 50% of the fixed rent until such time that the below-specified ratios are maintained: (a) five cars per 1,000 sq. ft. of retail area, excluding: two parking spaces for each three seats of restaurant or bar seating capacity and one space for each restaurant or bar employee; (b) eight parking spaces per 1,000 sq. ft. of building area for health clubs and entertainment facilities; and (c) eight parking spaces per 1,000 sq. ft. of building areas for a grocery store.
   
  Loan No. 10 – Google Kirkland Campus Phase II – Google, the sole tenant, has the right to reduce the area of its leased space (and reduce its rent accordingly) with respect to (i) all or part of one-half of a floor, representing approximately 25% of the net rentable area at the Mortgaged Property (a “Quadrant”) effective November 30, 2020 and (ii) all or part of a Quadrant, effective as of November 30, 2022; upon 12 months’ notice and payment of a contraction fee.
   
  Loan No. 12 – MVP Parking Portfolio – St. Louis Seventh & Cerre Mortgaged  Property – The sole tenant, St. Louis Parking Company (Lot) has the right to terminate its lease on 10 days’ notice in the event that Major League Baseball is not being played in what is currently known as Busch Stadium, (located near

 

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  the Mortgaged Property) for more than 30 days’ during the normal Major League Baseball season (April 1 through September 30) for any reason.
   
  Loan No. 12 – MVP Parking Portfolio – MVP Louisville Station Broadway Mortgaged Property – The sole tenant, Riverside Parking (Lot)’s annual percentage rent is 75.0% of gross receipts in excess of $275,000. Should revenues not exceed $275,000 annually, landlord will pay to tenant the difference between the total revenue for that year and $275,000, with a floor of $225,000. In the event the revenues are less than $200,000 in any contract year, the parties reserve the right to negotiate a rent reduction for the next contract year by mutual agreement. Should parties not be able to agree on a reduction, then either party may cancel the lease upon 60 days written notice to the landlord. The landlord reserves the right to cancel the lease upon 30 days’ written notice in the event after the third lease year gross receipts do not exceed $275,000.
   
  Loan No. 12 – MVP Parking Portfolio – St. Louis Broadway Group Mortgaged Property – The sole tenant, St. Louis Parking Company (Lot) has the right to terminate its lease with 10 days’ written notice in the event that Major League Baseball is not being played in what is currently known as Busch Stadium, (located near the Mortgaged Property) for more than 30 days during the normal Major League Baseball season (April 1 through September 30) for any reason.
   
  Loan No. 12 – MVP Parking Portfolio – MVP Indianapolis Meridian Lot Mortgaged Property – The sole tenant, Denison (Lot) may terminate its lease after the 60th month and before the 72nd month by giving  60-days’ written notice.
   
  Loan No. 18 – Centre Place I – The Largest Tenant, Charles Schwab & Co., can terminate its lease anytime in the last four years of the original term, with 18 months’ notice effective, at the earliest, August 1, 2020. The tenant is required to pay a termination fee of $1.16 million ($88 per sq. ft. of tenant NRA), and pay any unamortized landlord investment in connection with such termination.
   
  Loan No. 19 – Euless Town Center – The 3rd Largest Tenant, Ross, has a co-tenancy provisions with relation to IT’Z FEC Euless, LLC and Dirt Cheap.  If the co-tenancy requirements are not met for twelve consecutive months, Ross may terminate the lease upon 90 days’ notice.
   
  Loan No. 21 – Baypoint Commerce Center – The Largest Tenant, Cox Target Media Inc. has a one-time right to terminate its lease effective at the end of the 72nd month (December31, 2020) with written notice by the end of the 60th month (December 31, 2019), with an early termination fee equal to the unamortized leasing costs discounted at an 8.0% rate.
   
  Loan No. 21 – Baypoint Commerce Center – The 4th Largest Tenant, United States of America IRS, may terminate its lease any time after May 20, 2018, upon 180 days’ written notice.
   
  Loan No. 22 – Center West - The Largest Tenant, Merrill Lynch, may terminate its lease effective April 30, 2020, with written notice on or before July 31, 2019 and payment of a termination fee equal to all unamortized tenant improvements, abated rent and leasing commissions plus six months of base rent.   
   
  Loan No. 22 – Center West – The 4th Largest Tenant, Wells Fargo Advisors, may terminate its lease effective as of October 31, 2022, with 12 months’ written notice.  The tenant must pay a termination fee equal to all unamortized tenant improvements, rent abatements, and leasing commissions plus five months’ base rent.
   
  Loan No. 25 – Hickory Corners – The 4th Largest Tenant, Kid’s Stuff of Hickory, LLC, has a right to terminate its lease with 120 days’ prior written notice if any Federal, State or Local Law, ordinance or regulation or other regulation relating to resale or pawn shops is enacted (a) specifically precluding retail

 

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  sale of certain used products customarily sold by the tenant, which are part of tenant’s primary product; or (b) by complying with such law, the tenant is materially and negatively prevented from operating its business of selling new and used children’s toys, furniture and related accessories in the same manner as it did prior to the enactment.
   
  Loan No. 28 – Highpark Corporate Center – The 2nd Largest Tenant, Orange County Charter School, has the right to terminate its lease for any reason after the first twelve months of the renewal term with six months’ notice.   
   
  Loan No. 36 – Park Pineway Plaza – The 2nd Largest Tenant, Sportsman’s Warehouse, has a one-time right to terminate its lease with 180 days’ prior written notice following lease year 5 if gross sales for lease year 5 are less than or equal to $7,000,000 with a termination fee of $100,000.
   
  Loan No. 36 – Park Pineway Plaza – The 3rd Largest Tenant, Harbor Freight Tools, has the right to terminate its lease on the last day of the 60th full calendar month following the rent commencement date with written notice to the borrower prior to the last day of the 54th full calendar month following rent commencement date with a termination notice and an early termination fee of $78,750.
   
  Loan No. 39 – 123 Church Street – The 2nd Largest Tenant, Connecticut CVS Pharmacy, L.L.C., has the following termination options: (1) if landlord intentionally violates the lease provision concerning the layout of the real property and permitted modifications by landlord and if landlord shall not cure such violations within 60 days after receipt of written notice, then, at any time thereafter until such violation shall be cured, tenant may terminate the lease, (2) if any of tenant’s exclusive use rights shall be violated and landlord shall not cure such violation within 60 days after receipt of tenant’s notice, tenant may terminate the lease, and (3) if any breach of tenant’s exclusive use rights as a result of any action taken by a tenant of the real property or the restricted land (as defined in the lease), landlord shall use its best efforts to enforce, by legal action if necessary, such exclusive rights; and provided that landlord did not contribute to the creation of such breach, landlord’s failure to succeed in enforcing such rights shall not be a default and tenant’s only remedy shall be to terminate the lease, which remedy tenant may not invoke until 365 days after tenant shall notify landlord of such violation.
   
(22) The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space:
   
  Loan No. 5 – 380 Lafayette Street – The Sole Tenant, Select Equity is currently subleasing the third floor (9,141 sq. ft., 20.0% of NRA) to Studio Sofield for $67.42 per sq. ft. on a month-to-month basis.
   
  Loan No. 13 – 340 Bryant – The Largest Tenant, Switchfly, Inc. is currently subleasing the second and third floors to Five Stars Loyalty, Inc. (37,433 sq. ft., 78.5% of Switchfly, Inc. NRA, 60.1% of 340 Bryant NRA) which has an expiration of July 2018. Switchfly, Inc. is also currently subleasing the fourth floor to Guidebook Inc. (10,240 sq. ft., 21.5% of Switchfly, Inc. NRA, 16.4% of 340 Bryant NRA), which has an expiration of April 2019.  
   
  Loan No. 22 – Center West – The Largest Tenant, Merrill Lynch, is currently subleasing 4,550 to GE Capital Corporation for an annual base rent of $293,936 ($64.60 per sq. ft.), expiring April 30, 2017.
   
(23) The following major tenants shown on Annex A-1 have abated, free or prepaid rent:
   
  Loan No. 25 – Hickory Corners – The 2nd Largest Tenant, Conn Appliances, Inc. received free rent for the period of June through September 2016 and June through September 2017.

 

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(24) The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the cut-off date of the securitization.
   
  Loan No. 5 – 380 Lafayette Street – The Sole tenant, Select Equity occupies floors two through six of the of 380 Lafayette Street Property, but subleases the third floor (9,141 sq. ft.) to Studio Sofield and is in the process of moving into the second floor. Select Equity is paying for the current tenant improvements to the second floor and expects to be fully moved into the space by the end of June 2017.
   
  Loan No. 8 – North Creek Office Complex – The Third Largest Tenant, PIMA Medical, recently executed a new lease and is expected to begin paying rent and take occupancy on October 1, 2017. At loan origination, the borrower reserved $1,865,093 to cover all unpaid tenant improvements, leasing commissions, free rent, and rent & common area maintenance between the loan closing date and October 1, 2017.
   
  Loan No. 13 - 340 Bryant – The Largest Tenant, Switchfly, Inc. signed a 120-month lease at the subject in late 2015 with 3.0% annual rent increase bumps that runs through November 2025 with one, 5-year option to renew at fair market rent. The tenant has not taken occupancy and is currently subleasing floors two to three to Five Stars Loyalty, Inc. and floor four to Guidebook Inc. The tenant is current on all of its obligations under the lease including posting the $2.1 million letter of credit.
   
  Loan No. 39 – 123 Church Street – The 2nd Largest Tenant, Connecticut CVS Pharmacy, L.L.C., has signed a lease for 8,874 sq. ft.  The tenant’s lease and rent payments commenced in September 2016.  The tenant is completing tenant improvements and is expected to open for business in September 2017
   
(25) Loan No. 18 – Center Place I – RSK Centre Place LLC and 1255 Centre Place LLC are tenants-in-common.
   
  Loan No. 21 – Baypoint Commerce Center – KP Holdings LLC, KC Investors Florida I, LLC and KC Investors Florida II, LLC are tenants-in-common.
   
  Loan No. 39 – 123 Church Street – 123 Church St RSK LLC and Mysambe Real Estate, LLC are tenants-in-common.
   
(26) All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.
   
(27) All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents.
   
(28) Loan No. 2 – Pershing Square Building – A tenant, Pershing Corner, LLC is not yet open for business but is paying rent. The Pershing Square Building Loan is structured with a $3.1 million earnout reserve that is tied to Pershing Corner, LLC’s opening.
   
  Loan No. 3 – Crossings at Hobart - Upon the occurrence of a Critical Tenant Trigger Event, the borrowers are required to deposit the Critical Tenant Required Deposit for capital expenditures, tenant improvements and leasing commissions and operating expenses into the Critical Tenant cash reserve accounts. Notwithstanding the foregoing, in lieu of making a Critical Tenant Required Deposit the borrowers may deliver to lender an acceptable letter of credit in the amount of $2,064,080, and to the extent there are capex, tenant improvement, leasing commission or operating shortfalls related to the Critical Tenant (as described in the loan documents), the borrowers may draw from the letter of credit in an amount equal to the required amounts and deposit the proceeds of the draw into the critical tenant

 

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  account. In the event the Critical Tenant Trigger Event has been cured and no other Critical Tenant Trigger Event exists, as long as there are no unpaid tenant improvements and leasing commissions related to the Critical Tenant space, the Crossings at Hobart Loan documents require lender to return the letter of credit to the borrowers.
   
  Loan No. 6 – Atlanta and Anchorage Hotel Portfolio – If on or before April 6, 2025, (a) the Hilton Anchorage Property franchise agreement has not been renewed or replaced with a Replacement Franchise Agreement and (b) the Hilton Anchorage Property PIP deposit conditions have not been satisfied, the borrower will deposit with the lender the Hilton Anchorage PIP deposit amount (as set forth in the mortgage loan documents) and if, at any time, following April 6, 2025, the lender determines that amounts on deposit in the Hilton Anchorage Property PIP reserve account together with any amounts in the Hilton Anchorage capital expenditure account will be insufficient to pay the then estimated costs for any PIP work, the borrower is required to make payments with respect to such insufficiency into the PIP reserve account.
   
  Loan No. 9 – Flats East Bank Phase I – On each monthly payment date occurring in May, June, July and August, the borrower is required to deposit $100,000 into a seasonality reserve account. In the event that insufficient net cash flow exists to pay debt service or operating expenses during the months of January, February, March, November or December, funds in the seasonality reserve may be applied to cover any shortfall. The lender is required to reassess the amount to be deposited into the seasonality reserve account annually.
   
  Loan No. 11 – Art Van Portfolio – (i) Tax and Insurance Reserves and Condominium Common will spring into place if Tax Reserve Waiver Conditions, Insurance Reserve Waiver Conditions and the Condominium Common Charges Waiver Conditions Precedent, as applicable, are no longer satisfied; (ii) Prepaid Rent Reserve – on each Art Van Rent Payment Date, the borrower is required to deposit with the lender the Art Van Basic Rent due by Art Van on such date; (iii) on each Monthly Payment Date in March, June, September and December, the borrower is required to deposit with the lender and amount equal to the Two Month Prepaid Debt Service and Monthly Reserve Amount for the applicable period.
   
  Loan No. 17 – Brink’s Office – On each payment date commencing with the June 6, 2022 payment date, unless (a) the investment grade conditions are then and remain satisfied, or (b) the aggregate amount of critical tenant TI/LC funds and rollover funds (excluding funds consisting of the initial rollover deposit) then on deposit is equal to or greater than $1,000,000, the borrower is required to deposit with the lender $8,487 for tenant improvement costs and leasing commissions.
   
  Loan No. 23 – Persis STNL Portfolio -Notwithstanding the foregoing, replacement reserve funding is not be required during the first five years of the loan term, provided (i) no event of default has occurred and is continuing, (ii) the senior unsecured debt rating for Bloomin’ Brands, Inc. (NASDAQ: BLMN) does not fall below “B” (S&P / Fitch) / “B2” (Moody’s), and (iii) no tenant trigger period exists. For the avoidance of doubt, upon the occurrence of any of the conditions (ii), or (iii) as outlined above, collections only commence for the affected Mortgaged Property(ies), as applicable. Provided no ground lease trigger period is then in effect, replacement reserve funds are not required to be escrowed for the Panda Express Camillus Mortgaged Property during the loan term.
   
  Loan No. 23 – Persis STNL Portfolio - Notwithstanding the foregoing, TI/LC reserve funding is not required during the first five (5) years of the loan term, provided (i) no event of default has occurred and is continuing, (ii) the senior unsecured debt rating for Bloomin’ Brands, Inc. (NASDAQ: BLMN) does not fall below “B” (S&P / Fitch) / “B2” (Moody’s), and (iii) no tenant trigger period exists. For the avoidance of doubt, upon the occurrence of any of the conditions (ii) or (iii) as outlined above, collections only commence for the affected Mortgaged Property(ies), as applicable. Provided no ground lease trigger

 

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  period is then in effect, rollover reserve funds are not required to be escrowed for the Panda Express Camillus Mortgaged Property during the loan term.
   
  Loan No. 25 – Hickory Corners – The borrower is not required to make monthly rollover deposits if the combined balance in the TI/LC Account and the special TI/LC account exceeds $500,000 and the following conditions have occurred: (i) the Hamrick’s, Incorporated lease has been renewed to the 2021 renewal or a critical tenant space re-tenanting event has occurred and (ii) the debt yield based on the trailing twelve month period is greater than 10.3%.
   
  Loan No. 30 - Walgreens Portland – Commencing upon the eighth year of the term (April 6, 2024), a cash sweep will be triggered and such cash sweep will be ongoing until the loan is satisfied in full.
   
  Loan No. 33 - Walgreens Bangor – Commencing upon the eighth year of the term (April 6, 2024), a cash sweep will be triggered and such cash sweep will be ongoing until the loan is satisfied in full.  
   
  Loan No. 35 – Microtel Georgetown - Borrower is required to make monthly payments to the Seasonality Reserve of $120,000 during the months of July and August and $30,000 during the month of September on each payment date in which the balance of the Seasonality Reserve is less than $270,000.
   
  Loan No. 36 – KB St. Louis Dialysis Portfolio – The borrower is required to make a monthly replacement reserve deposit of $263 on each payment date commencing in year six of the Mortgage Loan term.
   
  Loan No. 38 – Park Pineway Plaza – The borrower is not required to deposit the monthly rollover deposit during such times that (i) prior to the satisfaction of the lease renewal conditions, the balance in the rollover account exceeds $450,000, and (ii) following the satisfaction of the lease renewal conditions, the balance of the rollover account exceeds $350,000.
   
  Loan No. 41 – Comfort Suites Tucson – At origination, the borrower reserved $96,500 into a seasonality reserve account, which funds may be used for debt service payments during the months of May, June, July, August or September if the lender determines, in its sole discretion, that insufficient gross income from operations exist to cover debt service payments. On any payment date on which the funds in the seasonality reserve account are less than $96,500, the borrower is required to deposit an amount necessary to cause such funds to equal $96,500.
   
(29) Loan No. 13 – 340 Bryant – The Largest Tenant, Switchfly, Inc. in conjunction with the signing of the lease, posted an approximately $2.1 million irrevocable letter of credit with Silicon Valley Bank. At origination, the lender was named as the beneficiary under the letter of credit and may draw upon the letter of credit upon the occurrence of a tenant default under the lease and only to the extent necessary to cure such default or compensate the lender for loss incurred in connection with such default. So long as the tenant has not defaulted under the lease, Switchfly, Inc. may request the letter of credit to be reduced to (i) $1,487,161 following the date which is 36 months after the commencement date, and (ii) to $892,357 following the date which is 60 months after the commencement date.
   
  Loan No. 16 - Holiday Inn Express Nashville – Downtown - At loan origination, the borrower delivered a $5,309,000 letter of credit assigned to the lender until completion of the franchisor-required property improvement plan (“PIP”). In addition, the guarantors delivered a guaranty of completion for the PIP work ensuring the completion and payment of the work are completed in accordance with the terms and provisions of the loan agreement. Upon completion of all PIP work, the lender is required to return the letter of credit to the borrower.
   
(30) Loan No. 31 - Rite Aid Portfolio Lima OH – Rite Aid West Robb - The Phase I environmental report for the Rite Aid West Robb Property recommended that a Phase II report be completed to assess the potential

 

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  impacts associated with the dry cleaning facility listings at the subject property. The Phase II investigation was completed on January 9, 2017 and recommended no further investigation be taken at that time.
   
  Loan No. 31 - Rite Aid Portfolio Lima OH – Rite Aid 506 West Market - The Phase I environmental report for the Rite Aid 506 West Market Property recommended that a Phase II report be completed to assess the potential impacts associated with the past automobile service facility and filling station listings at the subject property. The Phase II investigation was completed on January 9, 2017 and recommended no further investigation be taken at that time.
   
(31) Environmental Insurance In Lieu of Phase II

  

Loan No.   Mortgage Loan   Mortgage Loan
Cut-off Date
Balance
  % of Initial
Outstanding
Pool Balance
  Maximum Policy Amount   Premium Paid in Full
11   Art Van Portfolio   $20,500,000   3.2%   $4,000,000   Yes

 

(32)Summary of Existing Pari Passu Debt

                               
Loan
No.
  Mortgage Loan   Mortgage Loan
Cut-off Date
Balance
  Companion
Loan Cut-off
Date Balance
  Loan
Combination Cut-
off Date Balance
  Loan
Combination
U/W NCF
DSCR
  Loan
Combination
Cut-off Date
LTV Ratio
  Loan
Combination Cut-
off Date U/W NOI
Debt Yield
3   Crossings at Hobart   $42,823,320   $13,942,476     $56,765,797     1.40x   61.8%   10.1%  
4   Yeshiva University Portfolio   $35,000,000   $105,000,000     $140,000,000     1.97x   40.5%   12.9%  
6   Atlanta and Anchorage Hotel Portfolio   $32,363,041   $82,152,334     $114,515,375     1.81x   62.9%   15.7%  
7   EIP Logistics Portfolio   $29,000,000   $12,000,000     $41,000,000     1.37x   70.8%   10.5%  
10   Google Kirkland Campus Phase II   $22,500,000   $50,000,000     $72,500,000     2.56x   49.7%   9.8%  
11   Art Van Portfolio   $20,500,000   $48,250,000     $68,750,000     1.47x   68.2%   10.1%  
13   340 Bryant   $16,000,000   $14,700,000     $30,700,000     1.43x   59.0%   10.2%  
16   Holiday Inn Express Nashville - Downtown   $15,257,048   $56,337,515     $71,594,563     1.94x   60.7%   13.9%  
21   Baypoint Commerce Center   $10,000,000   $30,000,000     $40,000,000     1.79x   64.5%   14.3%  
22   Center West   $10,000,000   $70,000,000     $80,000,000     1.94x   38.3%   9.7%  

 

(33)Summary of Future Mezzanine Debt

                             
Loan
No.
  Mortgage Loan   Mortgage Loan
Cut-off Date
Balance
  % of Initial
Outstanding
Pool Balance
  Intercreditor
Agreement Required
  Combined Minimum
DSCR
  Combined
Maximum LTV
  Combined Debt
Yield
2   Pershing Square Building   $44,000,000   6.8%   Yes   1.60x   65.0%   10.0%
                             
24   Springhill Suites Tampa   $9,582,260   1.5%   Yes   1.45x   63.6%   11.0%

 

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