FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-207340-13 | ||
UBS Commercial Mortgage Trust 2018-C12 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-207340) 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 SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-877-713-1030 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
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 issuanceNone of UBS Securities LLC, SG Americas Securities, LLC, Natixis Securities Americas LLC, Cantor Fitzgerald & Co., CIBC World Markets Corp., Drexel Hamilton, LLC and Academy Securities, Inc. or any of their respective affiliates, make 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. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale. In addition, 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.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of any 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) any representation 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. |
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Mortgage Loan Originator | Mortgage Loan Seller(1) | Cross-Collateralized and Cross-Defaulted | Address | City | County | State | Zip Code | General Property Type(7) | Specific Property Type(7) | Number of Properties | Year Built |
1 | Loan | Wyvernwood Apartments | UBS AG | UBS AG | No | 2901 East Olympic Boulevard | Los Angeles | Los Angeles | CA | 90023 | Multifamily | Garden | 1 | 1939 |
2 | Loan | Riverfront Plaza | Natixis Real Estate Capital LLC | UBS AG; Natixis | No | 901-951 East Byrd Street | Richmond | Richmond | VA | 23219 | Office | CBD | 1 | 1990 |
3 | Loan | Riverwalk | Cantor Commercial Real Estate Lending, L.P. | CCRE | No | 354, 360, 500, and 500A Merrimack Street | Lawrence | Essex | MA | 01843 | Office | Suburban | 1 | 1901, 2007 |
4 | Loan | 139 Ludlow Street | Natixis Real Estate Capital LLC | Natixis | No | 139 Ludlow Street | New York | New York | NY | 10002 | Mixed Use | Social Club | 1 | 1930 |
5 | Loan | Aspect RHG Hotel Portfolio | Société Générale | SG | No | Various | Various | Various | Various | Various | Hospitality | Various | 4 | Various |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | Société Générale | SG | No | 2631 Highwood Boulevard | Smyrna | Rutherford | TN | 37167 | Hospitality | Select Service | 1 | 2006 |
5.02 | Property | Aloft Hotel Broomfield | Société Générale | SG | No | 8300 Arista Place | Broomfield | Broomfield | CO | 80021 | Hospitality | Select Service | 1 | 2009 |
5.03 | Property | Hampton Inn Nashville Smyrna | Société Générale | SG | No | 2573 Highwood Boulevard | Smyrna | Rutherford | TN | 37167 | Hospitality | Limited Service | 1 | 2005 |
5.04 | Property | Hyatt Place Phoenix North | Société Générale | SG | No | 10838 North 25th Avenue | Phoenix | Maricopa | AZ | 85029 | Hospitality | Select Service | 1 | 1998 |
6 | Loan | 20 Times Square | Natixis Real Estate Capital LLC | SG | No | 20 Times Square | New York | New York | NY | 10036 | Other | Leased Fee | 1 | N/A |
7 | Loan | Savi Ranch Center | UBS AG | UBS AG | No | 23021-23081 Savi Ranch Parkway | Yorba Linda | Orange | CA | 92887 | Retail | Anchored | 1 | 1997-1999 |
8 | Loan | Spotsylvania Crossing | UBS AG | UBS AG | No | 3501-3655 Plank Road | Fredericksburg | Spotsylvania | VA | 22407 | Retail | Anchored | 1 | 1987-1988 |
9 | Loan | Copeland Tower & Stadium Place | CIBC Inc. | CIBC | No | 1200 & 1250 East Copeland Road | Arlington | Tarrant | TX | 76011 | Office | Suburban | 1 | 1982, 1985 |
10 | Loan | Somerset Financial Center | Rialto Mortgage Finance, LLC | RMF | No | 1405 and 1425 U.S. Route 206 | Bedminster | Somerset | NJ | 07921 | Office | Suburban | 1 | 1998 |
11 | Loan | One Northwestern Plaza | LCF | LCF | No | 28411 Northwestern Highway | Southfield | Oakland | MI | 48034 | Office | Suburban | 1 | 1989 |
12 | Loan | Holiday Inn & Suites - Chattanooga | UBS AG | UBS AG | No | 434 Chestnut Street | Chattanooga | Hamilton | TN | 37402 | Hospitality | Full Service | 1 | 2015 |
13 | Loan | Smithridge Plaza | Natixis Real Estate Capital LLC | Natixis | No | 5001-5093 South McCarran Boulevard | Reno | Washoe | NV | 89502 | Retail | Anchored | 1 | 1983, 1990 |
14 | Loan | Miami Airport Industrial Portfolio | UBS AG | UBS AG | No | Various | Miami | Miami-Dade | FL | 33142 | Industrial | Warehouse | 2 | Various |
14.01 | Property | Sky Chefs 3500 NW 24th Street | UBS AG | UBS AG | No | 3500 Northwest 24th Street and 2401 Northwest 36th Avenue | Miami | Miami-Dade | FL | 33142 | Industrial | Warehouse | 1 | 1968, 1970 |
14.02 | Property | Sky Chefs 3630 NW 25th Street | UBS AG | UBS AG | No | 3630 Northwest 25th Street | Miami | Miami-Dade | FL | 33142 | Industrial | Warehouse | 1 | 1976 |
15 | Loan | River Place Apartments | UBS AG | UBS AG | No | 400, 500, and 600 River Place Drive | Detroit | Wayne | MI | 48207 | Multifamily | Mid Rise | 1 | 1891, 1908, 1989 |
16 | Loan | Conway Commons | Rialto Mortgage Finance, LLC | RMF | No | 600-821 Elsinger Boulevard | Conway | Faulkner | AR | 72032 | Retail | Anchored | 1 | 2004 |
17 | Loan | Courtyard Marriott New Braunfels | Rialto Mortgage Finance, LLC | RMF | No | 750 Interstate 35 North | New Braunfels | Comal | TX | 78130 | Hospitality | Select Service | 1 | 2009 |
18 | Loan | Holiday Inn - Matteson | UBS AG | UBS AG | No | 500 Holiday Plaza Drive | Matteson | Cook | IL | 60443 | Hospitality | Full Service | 1 | 1984 |
19 | Loan | Canyon & Western Business Park | Société Générale | SG | No | 4178 Business Park Drive and 7515 Canyon Drive | Amarillo | Randall | TX | 79110 | Industrial | Flex | 1 | 1996, 2000 |
20 | Loan | Chatham Glen | LCF | LCF | No | 2057 Devonshire Hill Court | Plainfield | Hendricks | IN | 46168 | Multifamily | Garden | 1 | 2016 |
21 | Loan | Kjellberg MHP | LCF | LCF | No | 9127 MN-25 | Monticello | Wright | MN | 55362 | Manufactured Housing Community | Manufactured Housing Community | 1 | 1970 |
22 | Loan | Warner Courtyards | UBS AG | UBS AG | No | 301 West Warner Road | Tempe | Maricopa | AZ | 85284 | Office | Suburban | 1 | 2002 |
23 | Loan | Windsor Village | UBS AG | UBS AG | No | 2500 North Sterling Avenue | Oklahoma City | Oklahoma | OK | 73127 | Multifamily | Garden | 1 | 1962 |
24 | Loan | Staybridge Suites Austin | Société Générale | SG | No | 13000 North Interstate 35 | Austin | Travis | TX | 78753 | Hospitality | Extended Stay | 1 | 2016 |
25 | Loan | HMS - WSS Portfolio | UBS AG | UBS AG | No | Various | Various | Various | Various | Various | Hospitality | Limited Service | 3 | Various |
25.01 | Property | WoodSpring Suites - Savannah | UBS AG | UBS AG | No | 4912 Augusta Road | Garden City | Chatham | GA | 31408 | Hospitality | Limited Service | 1 | 2009 |
25.02 | Property | WoodSpring Suites - Madison | UBS AG | UBS AG | No | 120 Brazelton Circle | Madison | Madison | AL | 35758 | Hospitality | Limited Service | 1 | 2006 |
25.03 | Property | Value Place - Huntsville | UBS AG | UBS AG | No | 3131 University Drive North West | Huntsville | Madison | AL | 35816 | Hospitality | Limited Service | 1 | 2008 |
26 | Loan | 160th Street and Prospect Avenue Portfolio | LCF | LCF | No | Various | New York | Bronx | NY | Various | Multifamily | Various | 2 | Various |
26.01 | Property | 160th Street | LCF | LCF | No | 407 East 160th Street | New York | Bronx | NY | 10451 | Multifamily | High Rise | 1 | 2016 |
26.02 | Property | Prospect Avenue | LCF | LCF | No | 1319AB Prospect Avenue | New York | Bronx | NY | 10459 | Multifamily | Mid Rise | 1 | 2015 |
27 | Loan | Sunflower MHC | LCF | LCF | No | 865 Pleasure Drive | Fort Collins | Larimer | CO | 80524 | Manufactured Housing Community | Manufactured Housing Community | 1 | 2002 |
28 | Loan | Longview Plaza | Rialto Mortgage Finance, LLC | RMF | No | 422 West Loop 281 | Longview | Gregg | TX | 75605 | Retail | Anchored | 1 | 1999 |
29 | Loan | Charleston Tower | UBS AG | UBS AG | No | 1701 West Charleston Boulevard | Las Vegas | Clark County | NV | 89102 | Office | Suburban | 1 | 1973, 1983, 1991 |
30 | Loan | Bank of America Center | Cantor Commercial Real Estate Lending, L.P. | CCRE | No | 1111 East Main Street | Richmond | Richmond City | VA | 23219 | Office | CBD | 1 | 1974 |
31 | Loan | 175 Park Avenue | Cantor Commercial Real Estate Lending, L.P. | CCRE | No | 175 Park Avenue | Madison | Morris | NJ | 07940 | Office | Suburban | 1 | 1971 |
32 | Loan | Manchester Highlands | CIBC Inc. | CIBC | No | 201 Highlands Boulevard Drive | Ballwin | St. Louis | MO | 63011 | Retail | Anchored | 1 | 2009 |
33 | Loan | 11 S. LaSalle Street | Société Générale | SG | No | 11 South LaSalle Street | Chicago | Cook | IL | 60603 | Retail | Unanchored | 1 | 1914 |
34 | Loan | Pelican Walk | CIBC Inc. | CIBC | No | 483 Mandalay Avenue | Clearwater Beach | Pinellas | FL | 33767 | Retail | Unanchored | 1 | 1994 |
35 | Loan | 5th Street Station | UBS AG | UBS AG | No | 5th Street Station Parkway | Charlottesville | Albemarle | VA | 22904 | Retail | Anchored | 1 | 2016 |
36 | Loan | 7-9 Vreeland Road | Société Générale | SG | No | 7-9 Vreeland Road | Florham Park | Morris | NJ | 07932 | Industrial | Flex | 1 | 1979 |
37 | Loan | Seaside Portfolio | Société Générale | SG | No | Various | Seaside | Clatsop | OR | 97138 | Hospitality | Limited Service | 2 | Various |
37.01 | Property | River Inn at Seaside | Société Générale | SG | No | 531 Avenue A | Seaside | Clatsop | OR | 97138 | Hospitality | Limited Service | 1 | 2014 |
37.02 | Property | Inn at Seaside | Société Générale | SG | No | 441 2nd Avenue | Seaside | Clatsop | OR | 97138 | Hospitality | Limited Service | 1 | 1981 |
38 | Loan | 14701 Philips Highway | LCF | LCF | No | 14701 Philips Highway | Jacksonville | Duval | FL | 32256 | Office | Suburban | 1 | 2018 |
39 | Loan | Walgreens & Sherwin Williams Plaza | CIBC Inc. | CIBC | No | 7000 & 7008 Marlboro Pike | District Heights | Prince George’s | MD | 20747 | Retail | Anchored | 1 | 2011 |
40 | Loan | Hampton Inn - Provo | UBS AG | UBS AG | No | 1511 South 40 East | Provo | Utah | UT | 84606 | Hospitality | Limited Service | 1 | 1996 |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | Rialto Mortgage Finance, LLC | RMF | No | 11160 Southwest Freeway | Houston | Harris | TX | 77031 | Hospitality | Full Service | 1 | 1981 |
42 | Loan | St. Vrain MHC | LCF | LCF | No | 446 South Francis Street | Longmont | Boulder | CO | 80501 | Manufactured Housing Community | Manufactured Housing Community | 1 | 1970 |
43 | Loan | Livonia Industrial II | LCF | LCF | No | 13599 and 13551 Merriman Road; 31555, 31601, 31889, and 31995 Industrial Road | Livonia | Wayne | MI | 48150 | Industrial | Warehouse/Distribution | 1 | 1993 |
44 | Loan | Holiday Inn Express - Sandy | UBS AG | UBS AG | No | 10680 South Automall Drive | Sandy | Salt Lake | UT | 84070 | Hospitality | Limited Service | 1 | 1998 |
45 | Loan | LA Fitness - Chandler AZ | Société Générale | SG | No | 2100 North Dobson Road | Chandler | Maricopa | AZ | 85224 | Retail | Single Tenant | 1 | 2001 |
46 | Loan | Holiday Inn Express - Savannah | UBS AG | UBS AG | No | 11325 Abercorn Street | Savannah | Chatham | GA | 31419 | Hospitality | Limited Service | 1 | 2009 |
47 | Loan | Gemstone MHC Portfolio | Rialto Mortgage Finance, LLC | RMF | No | Various | Various | Ottawa | OH | 43440 | Manufactured Housing Community | Manufactured Housing Community | 2 | Various |
47.01 | Property | Harbor’s Edge | Rialto Mortgage Finance, LLC | RMF | No | 999 North Buck Road | Lakeside Marblehead | Ottawa | OH | 43440 | Manufactured Housing Community | Manufactured Housing Community | 1 | 1975 |
47.02 | Property | Gem Beach Estates | Rialto Mortgage Finance, LLC | RMF | No | 5640 East Twinbeach Road | Port Clinton | Ottawa | OH | 43440 | Manufactured Housing Community | Manufactured Housing Community | 1 | 1969 |
48 | Loan | Holiday Inn Express & Suites Jackson | Natixis, New York Branch | Natixis | No | 101 Clinton Road | Jackson | Amador | CA | 95642 | Hospitality | Limited Service | 1 | 2003 |
49 | Loan | 24 Hour Fitness - Mansfield | UBS AG | UBS AG | No | 1101 North Walnut Creek Drive | Mansfield | Tarrant | TX | 76063 | Retail | Single Tenant | 1 | 1992 |
50 | Loan | Crossroads Village | Société Générale | SG | No | 3979 Buford Highway | Atlanta | DeKalb | GA | 30345 | Retail | Shadow Anchored | 1 | 2008 |
51 | Loan | Shorecliff Retail Center | UBS AG | UBS AG | No | 2727 Via Cascadita | San Clemente | Orange | CA | 92672 | Retail | Anchored | 1 | 1966 |
52 | Loan | Holiday Inn Express - Port Richey | Société Générale | SG | No | 10619 U.S. Highway 19 | Port Richey | Pasco | FL | 34668 | Hospitality | Limited Service | 1 | 2007 |
53 | Loan | Liberty Business Park | CIBC Inc. | CIBC | No | 2811, 2821 and 2831 East Philadelphia Street | Ontario | San Bernardino | CA | 91761 | Industrial | Flex | 1 | 1991 |
54 | Loan | Kensington Office Plaza | LCF | LCF | No | 1661 Feehanville Road | Mount Prospect | Cook | IL | 60056 | Office | Suburban | 1 | 1986 |
55 | Loan | Hempstead Highway Industrial | CIBC Inc. | CIBC | No | 10612-10616 Hempstead Highway | Houston | Harris | TX | 77092 | Industrial | Warehouse | 1 | 1970 |
56 | Loan | TD Bank Long Island City | LCF | LCF | No | 21-31 46th Avenue | Long Island City | Queens | NY | 11101 | Other | Leased Fee | 1 | 1931 |
57 | Loan | Walgreens & PDQ Retail Portfolio | Rialto Mortgage Finance, LLC | RMF | No | Various | Various | Various | FL | Various | Retail | Single Tenant | 2 | Various |
57.01 | Property | Walgreens Naples | Rialto Mortgage Finance, LLC | RMF | No | 7985 Airport Pulling Road North | Naples | Collier | FL | 34109 | Retail | Single Tenant | 1 | 1999 |
57.02 | Property | PDQ Orlando | Rialto Mortgage Finance, LLC | RMF | No | 14000 South John Young Parkway | Orlando | Orange | FL | 32837 | Retail | Single Tenant | 1 | 2018 |
58 | Loan | 24 Hour Fitness - Cedar Hill | UBS AG | UBS AG | No | 213 North U.S. Highway 67 | Cedar Hill | Dallas | TX | 75104 | Retail | Single Tenant | 1 | 2002 |
59 | Loan | Quality Inn - Florissant | UBS AG | UBS AG | No | 55 Dunn Road | Florissant | St. Louis | MO | 63031 | Hospitality | Limited Service | 1 | 1989 |
60 | Loan | Greater American Self Storage | LCF | LCF | No | 1233 Hunn Road | Yuba City | Sutter | CA | 95991 | Self Storage | Self Storage | 1 | 1990 |
61 | Loan | 2036 TC Jester | UBS AG | UBS AG | No | 2036 East TC Jester | Houston | Harris | TX | 77092 | Retail | Shadow Anchored | 1 | 1968 |
62 | Loan | Zavarella Industrial | CIBC Inc. | CIBC | No | 4701 & 4735 Richmond Road | Warrensville Heights | Cuyahoga | OH | 44128 | Industrial | Flex | 1 | 1964, 2001 |
63 | Loan | 42 Corporate Park | CIBC Inc. | CIBC | No | 42 Corporate Park | Irvine | Orange | CA | 92606 | Office | Suburban | 1 | 1985 |
64 | Loan | Dollar General Wonder Lake | LCF | LCF | No | 7100 McCullom Lake Road | Wonder Lake | McHenry | IL | 60097 | Retail | Single Tenant | 1 | 2017 |
65 | Loan | Dollar General Moscow Mills | LCF | LCF | No | 655 Highway C | Moscow Mills | Lincoln | MO | 63362 | Retail | Single Tenant | 1 | 2018 |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Year Renovated | Number of Units(21) | Unit of Measure | Cut-off Date Balance Per Unit/SF(3) | Original Balance(3) | Cut-off Date Balance(3) | % of Aggregate Cut-off Date Balance | Maturity Date or Anticipated Repayment Date | Maturity Balance | ARD | Final Maturity Date | Origination Date | First Pay Date | Payment Day | Gross Mortgage Rate | Total Administrative Fee | Net Mortgage Rate | ARD Rate |
1 | Loan | Wyvernwood Apartments | 1963, 2000 | 1,175 | Units | 66,383 | 50,000,000 | 50,000,000 | 6.2% | 7/6/2023 | 50,000,000 | No | N/A | 7/6/2018 | 8/6/2018 | 6 | 3.672800% | 0.014000% | 3.658800% | N/A |
2 | Loan | Riverfront Plaza | 2014 | 949,875 | Sq. Ft. | 153 | 50,000,000 | 49,862,236 | 6.2% | 5/5/2028 | 42,239,372 | No | N/A | 5/4/2018 | 6/5/2018 | 5 | 5.065948% | 0.014000% | 5.051948% | N/A |
3 | Loan | Riverwalk | 2007 | 630,379 | Sq. Ft. | 128 | 45,000,000 | 45,000,000 | 5.6% | 6/6/2028 | 39,989,342 | No | N/A | 6/5/2018 | 7/6/2018 | 6 | 5.176000% | 0.014000% | 5.162000% | N/A |
4 | Loan | 139 Ludlow Street | 2015-2016 | 21,912 | Sq. Ft. | 1,529 | 33,500,000 | 33,500,000 | 4.2% | 1/5/2028 | 33,500,000 | No | N/A | 12/6/2017 | 2/5/2018 | 5 | 4.443000% | 0.014000% | 4.429000% | N/A |
5 | Loan | Aspect RHG Hotel Portfolio | Various | 461 | Rooms | 100,217 | 33,500,000 | 33,500,000 | 4.2% | 8/1/2028 | 29,656,498 | No | N/A | 7/23/2018 | 9/1/2018 | 1 | 5.000000% | 0.014000% | 4.986000% | N/A |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | 2015 | 112 | Rooms | 10,056,704 | 10,056,704 | 1.2% | 8,902,884 | |||||||||||
5.02 | Property | Aloft Hotel Broomfield | 2016 | 139 | Rooms | 9,118,079 | 9,118,079 | 1.1% | 8,071,949 | |||||||||||
5.03 | Property | Hampton Inn Nashville Smyrna | 2015 | 83 | Rooms | 7,173,783 | 7,173,783 | 0.9% | 6,350,725 | |||||||||||
5.04 | Property | Hyatt Place Phoenix North | 2016 | 127 | Rooms | 7,151,434 | 7,151,434 | 0.9% | 6,330,940 | |||||||||||
6 | Loan | 20 Times Square | N/A | 16,066 | Sq. Ft. | 16,494 | 25,000,000 | 25,000,000 | 3.1% | 5/5/2023 | 25,000,000 | No | N/A | 4/27/2018 | 6/5/2018 | 5 | 3.108000% | 0.014000% | 3.094000% | N/A |
7 | Loan | Savi Ranch Center | N/A | 160,773 | Sq. Ft. | 154 | 24,750,000 | 24,750,000 | 3.1% | 7/6/2028 | 21,420,724 | No | N/A | 6/20/2018 | 8/6/2018 | 6 | 5.008500% | 0.014000% | 4.994500% | N/A |
8 | Loan | Spotsylvania Crossing | 2012, 2014 | 256,757 | Sq. Ft. | 88 | 22,500,000 | 22,476,373 | 2.8% | 7/6/2028 | 18,532,482 | No | N/A | 6/14/2018 | 8/6/2018 | 6 | 5.050500% | 0.014000% | 5.036500% | N/A |
9 | Loan | Copeland Tower & Stadium Place | 2017 | 210,955 | Sq. Ft. | 94 | 19,900,000 | 19,900,000 | 2.5% | 7/1/2028 | 17,206,310 | No | N/A | 6/28/2018 | 8/1/2018 | 1 | 4.970000% | 0.014000% | 4.956000% | N/A |
10 | Loan | Somerset Financial Center | 2017 | 230,000 | Sq. Ft. | 183 | 18,000,000 | 18,000,000 | 2.2% | 8/6/2028 | 18,000,000 | No | N/A | 7/25/2018 | 9/6/2018 | 6 | 5.120000% | 0.015250% | 5.104750% | N/A |
11 | Loan | One Northwestern Plaza | 2017 | 238,373 | Sq. Ft. | 75 | 17,850,000 | 17,850,000 | 2.2% | 8/6/2028 | 15,937,490 | Yes | 8/6/2033 | 7/13/2018 | 9/6/2018 | 6 | 5.400000% | 0.014000% | 5.386000% | Initial Term Interest Rate Plus: (i) 5.00% if a securitization has not occurred prior to ARD; (ii) 2.00% if a securitization has occurred prior to ARD |
12 | Loan | Holiday Inn & Suites - Chattanooga | N/A | 139 | Rooms | 128,058 | 17,800,000 | 17,800,000 | 2.2% | 8/6/2028 | 13,608,689 | No | N/A | 7/18/2018 | 9/6/2018 | 6 | 5.622000% | 0.014000% | 5.608000% | N/A |
13 | Loan | Smithridge Plaza | 2016 | 105,592 | Sq. Ft. | 165 | 17,420,000 | 17,420,000 | 2.2% | 6/5/2028 | 17,420,000 | No | N/A | 5/18/2018 | 7/5/2018 | 5 | 4.951000% | 0.014000% | 4.937000% | N/A |
14 | Loan | Miami Airport Industrial Portfolio | Various | 211,852 | Sq. Ft. | 81 | 17,100,000 | 17,064,599 | 2.1% | 6/6/2028 | 14,257,612 | No | N/A | 6/8/2018 | 7/6/2018 | 6 | 5.435000% | 0.052750% | 5.382250% | N/A |
14.01 | Property | Sky Chefs 3500 NW 24th Street | 2005 | 151,383 | Sq. Ft. | 12,150,000 | 12,124,847 | 1.5% | 10,130,409 | |||||||||||
14.02 | Property | Sky Chefs 3630 NW 25th Street | 1994 | 60,469 | Sq. Ft. | 4,950,000 | 4,939,752 | 0.6% | 4,127,203 | |||||||||||
15 | Loan | River Place Apartments | 1989 | 299 | Units | 56,856 | 17,000,000 | 17,000,000 | 2.1% | 7/6/2028 | 17,000,000 | No | N/A | 6/28/2018 | 8/6/2018 | 6 | 4.333000% | 0.062750% | 4.270250% | N/A |
16 | Loan | Conway Commons | 2011 | 359,995 | Sq. Ft. | 131 | 15,000,000 | 15,000,000 | 1.9% | 8/6/2028 | 13,769,834 | No | N/A | 7/17/2018 | 9/6/2018 | 6 | 4.690000% | 0.015250% | 4.674750% | N/A |
17 | Loan | Courtyard Marriott New Braunfels | 2017 | 125 | Rooms | 114,800 | 14,350,000 | 14,350,000 | 1.8% | 8/6/2028 | 12,782,958 | No | N/A | 7/19/2018 | 9/6/2018 | 6 | 5.290000% | 0.014000% | 5.276000% | N/A |
18 | Loan | Holiday Inn - Matteson | 2012 | 202 | Rooms | 64,356 | 13,000,000 | 13,000,000 | 1.6% | 8/6/2028 | 10,065,117 | No | N/A | 7/20/2018 | 9/6/2018 | 6 | 5.990000% | 0.014000% | 5.976000% | N/A |
19 | Loan | Canyon & Western Business Park | N/A | 359,095 | Sq. Ft. | 35 | 12,700,000 | 12,700,000 | 1.6% | 8/1/2028 | 10,352,918 | No | N/A | 7/5/2018 | 9/1/2018 | 1 | 4.740000% | 0.014000% | 4.726000% | N/A |
20 | Loan | Chatham Glen | N/A | 92 | Units | 130,435 | 12,000,000 | 12,000,000 | 1.5% | 7/6/2028 | 11,077,453 | No | N/A | 6/8/2018 | 8/6/2018 | 6 | 5.050000% | 0.014000% | 5.036000% | N/A |
21 | Loan | Kjellberg MHP | N/A | 322 | Pads | 36,491 | 11,750,000 | 11,750,000 | 1.5% | 8/6/2028 | 10,905,284 | No | N/A | 7/11/2018 | 9/6/2018 | 6 | 5.418000% | 0.014000% | 5.404000% | N/A |
22 | Loan | Warner Courtyards | N/A | 114,054 | Sq. Ft. | 101 | 11,500,000 | 11,500,000 | 1.4% | 7/6/2028 | 11,500,000 | No | N/A | 7/3/2018 | 8/6/2018 | 6 | 4.580900% | 0.014000% | 4.566900% | N/A |
23 | Loan | Windsor Village | 1998 | 363 | Units | 31,680 | 11,500,000 | 11,500,000 | 1.4% | 7/6/2028 | 10,638,947 | No | N/A | 7/9/2018 | 8/6/2018 | 6 | 5.195200% | 0.014000% | 5.181200% | N/A |
24 | Loan | Staybridge Suites Austin | N/A | 97 | Rooms | 118,436 | 11,500,000 | 11,488,263 | 1.4% | 7/1/2028 | 9,508,858 | No | N/A | 6/21/2018 | 8/1/2018 | 1 | 5.170000% | 0.014000% | 5.156000% | N/A |
25 | Loan | HMS - WSS Portfolio | 2017, 2018 | 363 | Rooms | 31,129 | 11,300,000 | 11,300,000 | 1.4% | 8/6/2023 | 10,529,269 | No | N/A | 7/19/2018 | 9/6/2018 | 6 | 5.711000% | 0.014000% | 5.697000% | N/A |
25.01 | Property | WoodSpring Suites - Savannah | 2017, 2018 | 121 | Rooms | 5,000,000 | 5,000,000 | 0.6% | 4,658,969 | |||||||||||
25.02 | Property | WoodSpring Suites - Madison | 2017, 2018 | 121 | Rooms | 3,600,000 | 3,600,000 | 0.4% | 3,354,457 | |||||||||||
25.03 | Property | Value Place - Huntsville | 2017, 2018 | 121 | Rooms | 2,700,000 | 2,700,000 | 0.3% | 2,515,843 | |||||||||||
26 | Loan | 160th Street and Prospect Avenue Portfolio | N/A | 53 | Units | 209,434 | 11,100,000 | 11,100,000 | 1.4% | 7/6/2028 | 11,100,000 | No | N/A | 6/26/2018 | 8/6/2018 | 6 | 5.450000% | 0.014000% | 5.436000% | N/A |
26.01 | Property | 160th Street | N/A | 39 | Units | 8,149,163 | 8,149,163 | 1.0% | 8,149,163 | |||||||||||
26.02 | Property | Prospect Avenue | N/A | 14 | Units | 2,950,837 | 2,950,837 | 0.4% | 2,950,837 | |||||||||||
27 | Loan | Sunflower MHC | N/A | 190 | Pads | 56,842 | 10,800,000 | 10,800,000 | 1.3% | 7/6/2028 | 10,800,000 | No | N/A | 6/28/2018 | 8/6/2018 | 6 | 5.022000% | 0.014000% | 5.008000% | N/A |
28 | Loan | Longview Plaza | N/A | 153,260 | Sq. Ft. | 70 | 10,800,000 | 10,800,000 | 1.3% | 6/6/2028 | 10,800,000 | No | N/A | 6/5/2018 | 7/6/2018 | 6 | 5.090000% | 0.014000% | 5.076000% | N/A |
29 | Loan | Charleston Tower | N/A | 88,708 | Sq. Ft. | 117 | 10,400,000 | 10,388,821 | 1.3% | 7/6/2028 | 8,538,278 | No | N/A | 7/10/2018 | 8/6/2018 | 6 | 4.951000% | 0.014000% | 4.937000% | N/A |
30 | Loan | Bank of America Center | 2017 | 501,388 | Sq. Ft. | 121 | 10,000,000 | 10,000,000 | 1.2% | 7/1/2028 | 10,000,000 | No | N/A | 6/21/2018 | 8/1/2018 | 1 | 5.030000% | 0.035250% | 4.994750% | N/A |
31 | Loan | 175 Park Avenue | 2013 | 270,000 | Sq. Ft. | 315 | 10,000,000 | 10,000,000 | 1.2% | 5/6/2028 | 10,000,000 | No | N/A | 5/1/2018 | 6/6/2018 | 6 | 5.318000% | 0.034000% | 5.284000% | N/A |
32 | Loan | Manchester Highlands | N/A | 353,701 | Sq. Ft. | 99 | 10,000,000 | 10,000,000 | 1.2% | 5/1/2028 | 10,000,000 | No | N/A | 4/26/2018 | 6/1/2018 | 1 | 5.070000% | 0.014000% | 5.056000% | N/A |
33 | Loan | 11 S. LaSalle Street | 2016 | 13,062 | Sq. Ft. | 737 | 9,630,000 | 9,630,000 | 1.2% | 7/1/2028 | 9,630,000 | No | N/A | 6/26/2018 | 8/1/2018 | 1 | 4.970000% | 0.014000% | 4.956000% | N/A |
34 | Loan | Pelican Walk | 2012-2018 | 38,361 | Sq. Ft. | 248 | 9,500,000 | 9,500,000 | 1.2% | 8/1/2028 | 8,291,623 | No | N/A | 7/18/2018 | 9/1/2018 | 1 | 5.350000% | 0.014000% | 5.336000% | N/A |
35 | Loan | 5th Street Station | N/A | 451,727 | Sq. Ft. | 100 | 9,000,000 | 9,000,000 | 1.1% | 6/6/2028 | 9,000,000 | No | N/A | 5/18/2018 | 7/6/2018 | 6 | 4.800280% | 0.014000% | 4.786280% | N/A |
36 | Loan | 7-9 Vreeland Road | 2002 | 155,891 | Sq. Ft. | 58 | 9,000,000 | 8,989,249 | 1.1% | 7/1/2028 | 7,275,075 | No | N/A | 6/15/2018 | 8/1/2018 | 1 | 4.490000% | 0.014000% | 4.476000% | N/A |
37 | Loan | Seaside Portfolio | N/A | 96 | Rooms | 89,896 | 8,630,000 | 8,630,000 | 1.1% | 8/1/2028 | 6,562,929 | No | N/A | 7/3/2018 | 9/1/2018 | 1 | 5.470000% | 0.014000% | 5.456000% | N/A |
37.01 | Property | River Inn at Seaside | N/A | 48 | Rooms | 4,810,000 | 4,810,000 | 0.6% | 3,657,901 | |||||||||||
37.02 | Property | Inn at Seaside | 2018 | 48 | Rooms | 3,820,000 | 3,820,000 | 0.5% | 2,905,027 | |||||||||||
38 | Loan | 14701 Philips Highway | N/A | 45,000 | Sq. Ft. | 189 | 8,500,000 | 8,500,000 | 1.1% | 7/6/2028 | 7,492,618 | No | N/A | 6/8/2018 | 8/6/2018 | 6 | 4.804000% | 0.014000% | 4.790000% | N/A |
39 | Loan | Walgreens & Sherwin Williams Plaza | N/A | 19,620 | Sq. Ft. | 413 | 8,100,000 | 8,100,000 | 1.0% | 8/1/2028 | 8,100,000 | No | N/A | 7/17/2018 | 9/1/2018 | 1 | 5.090000% | 0.014000% | 5.076000% | N/A |
40 | Loan | Hampton Inn - Provo | 2011, 2012 | 87 | Rooms | 91,860 | 8,000,000 | 7,991,793 | 1.0% | 7/6/2028 | 6,525,807 | No | N/A | 6/29/2018 | 8/6/2018 | 6 | 6.008500% | 0.014000% | 5.994500% | N/A |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | 2015, 2017 | 206 | Rooms | 37,328 | 7,700,000 | 7,689,665 | 1.0% | 7/6/2028 | 5,911,698 | No | N/A | 7/11/2018 | 8/6/2018 | 6 | 5.740000% | 0.014000% | 5.726000% | N/A |
42 | Loan | St. Vrain MHC | N/A | 136 | Pads | 55,882 | 7,600,000 | 7,600,000 | 0.9% | 7/6/2028 | 7,600,000 | No | N/A | 6/19/2018 | 8/6/2018 | 6 | 5.310000% | 0.014000% | 5.296000% | N/A |
43 | Loan | Livonia Industrial II | N/A | 148,586 | Sq. Ft. | 50 | 7,386,750 | 7,386,750 | 0.9% | 8/6/2028 | 6,565,444 | No | N/A | 7/19/2018 | 9/6/2018 | 6 | 5.185000% | 0.014000% | 5.171000% | N/A |
44 | Loan | Holiday Inn Express - Sandy | 2011, 2012 | 88 | Rooms | 81,745 | 7,200,000 | 7,193,598 | 0.9% | 7/6/2028 | 6,058,200 | No | N/A | 6/29/2018 | 8/6/2018 | 6 | 5.728500% | 0.014000% | 5.714500% | N/A |
45 | Loan | LA Fitness - Chandler AZ | N/A | 60,000 | Sq. Ft. | 117 | 7,000,000 | 7,000,000 | 0.9% | 8/1/2028 | 6,207,665 | No | N/A | 7/16/2018 | 9/1/2018 | 1 | 5.080000% | 0.014000% | 5.066000% | N/A |
46 | Loan | Holiday Inn Express - Savannah | 2017, 2018 | 88 | Rooms | 77,201 | 6,800,000 | 6,793,690 | 0.8% | 7/6/2028 | 5,692,114 | No | N/A | 6/27/2018 | 8/6/2018 | 6 | 5.559600% | 0.014000% | 5.545600% | N/A |
47 | Loan | Gemstone MHC Portfolio | N/A | 190 | Pads | 34,211 | 6,500,000 | 6,500,000 | 0.8% | 8/6/2028 | 5,769,238 | No | N/A | 7/13/2018 | 9/6/2018 | 6 | 5.120000% | 0.014000% | 5.106000% | N/A |
47.01 | Property | Harbor’s Edge | N/A | 122 | Pads | 4,500,000 | 4,500,000 | 0.6% | 3,994,088 | |||||||||||
47.02 | Property | Gem Beach Estates | N/A | 68 | Pads | 2,000,000 | 2,000,000 | 0.2% | 1,775,150 | |||||||||||
48 | Loan | Holiday Inn Express & Suites Jackson | N/A | 51 | Rooms | 127,286 | 6,500,000 | 6,491,606 | 0.8% | 7/5/2028 | 5,024,671 | No | N/A | 6/21/2018 | 8/5/2018 | 5 | 5.940000% | 0.014000% | 5.926000% | N/A |
49 | Loan | 24 Hour Fitness - Mansfield | 2006 | 42,600 | Sq. Ft. | 151 | 6,435,000 | 6,435,000 | 0.8% | 7/6/2025 | 6,435,000 | No | N/A | 6/22/2018 | 8/6/2018 | 6 | 5.070100% | 0.014000% | 5.056100% | N/A |
50 | Loan | Crossroads Village | N/A | 38,629 | Sq. Ft. | 162 | 6,250,000 | 6,250,000 | 0.8% | 8/1/2028 | 5,185,622 | No | N/A | 7/6/2018 | 9/1/2018 | 1 | 5.280000% | 0.014000% | 5.266000% | N/A |
51 | Loan | Shorecliff Retail Center | N/A | 25,060 | Sq. Ft. | 231 | 5,800,000 | 5,800,000 | 0.7% | 8/6/2028 | 5,317,458 | No | N/A | 7/19/2018 | 9/6/2018 | 6 | 5.779700% | 0.014000% | 5.765700% | N/A |
52 | Loan | Holiday Inn Express - Port Richey | N/A | 85 | Rooms | 67,647 | 5,750,000 | 5,750,000 | 0.7% | 8/1/2028 | 4,939,319 | No | N/A | 7/20/2018 | 9/1/2018 | 1 | 6.440000% | 0.014000% | 6.426000% | N/A |
53 | Loan | Liberty Business Park | N/A | 84,229 | Sq. Ft. | 59 | 5,000,000 | 5,000,000 | 0.6% | 8/1/2028 | 5,000,000 | No | N/A | 7/6/2018 | 9/1/2018 | 1 | 4.550000% | 0.014000% | 4.536000% | N/A |
54 | Loan | Kensington Office Plaza | N/A | 85,955 | Sq. Ft. | 56 | 4,840,000 | 4,830,183 | 0.6% | 6/6/2028 | 4,047,436 | No | N/A | 5/24/2018 | 7/6/2018 | 6 | 5.530000% | 0.014000% | 5.516000% | N/A |
55 | Loan | Hempstead Highway Industrial | 2014 | 133,850 | Sq. Ft. | 34 | 4,500,000 | 4,500,000 | 0.6% | 7/1/2028 | 4,145,847 | No | N/A | 6/28/2018 | 8/1/2018 | 1 | 4.920000% | 0.014000% | 4.906000% | N/A |
56 | Loan | TD Bank Long Island City | 2012 | 4,800 | Sq. Ft. | 938 | 4,500,000 | 4,500,000 | 0.6% | 8/6/2028 | 4,500,000 | No | N/A | 7/9/2018 | 9/6/2018 | 6 | 5.500000% | 0.014000% | 5.486000% | N/A |
57 | Loan | Walgreens & PDQ Retail Portfolio | N/A | 18,714 | Sq. Ft. | 240 | 4,500,000 | 4,500,000 | 0.6% | 7/6/2028 | 4,500,000 | No | N/A | 6/22/2018 | 8/6/2018 | 6 | 5.060000% | 0.014000% | 5.046000% | N/A |
57.01 | Property | Walgreens Naples | N/A | 15,930 | Sq. Ft. | 2,900,000 | 2,900,000 | 0.4% | 2,900,000 | |||||||||||
57.02 | Property | PDQ Orlando | N/A | 2,784 | Sq. Ft. | 1,600,000 | 1,600,000 | 0.2% | 1,600,000 | |||||||||||
58 | Loan | 24 Hour Fitness - Cedar Hill | N/A | 32,231 | Sq. Ft. | 131 | 4,235,000 | 4,235,000 | 0.5% | 7/6/2025 | 4,235,000 | No | N/A | 6/21/2018 | 8/6/2018 | 6 | 5.060400% | 0.014000% | 5.046400% | N/A |
59 | Loan | Quality Inn - Florissant | N/A | 125 | Rooms | 31,200 | 3,900,000 | 3,900,000 | 0.5% | 8/6/2028 | 3,000,065 | No | N/A | 7/19/2018 | 9/6/2018 | 6 | 5.800000% | 0.014000% | 5.786000% | N/A |
60 | Loan | Greater American Self Storage | N/A | 69,700 | Sq. Ft. | 54 | 3,750,000 | 3,750,000 | 0.5% | 7/6/2028 | 3,750,000 | No | N/A | 6/15/2018 | 8/6/2018 | 6 | 4.963000% | 0.014000% | 4.949000% | N/A |
61 | Loan | 2036 TC Jester | 2013 | 17,876 | Sq. Ft. | 206 | 3,681,000 | 3,681,000 | 0.5% | 8/6/2028 | 3,681,000 | No | N/A | 7/19/2018 | 9/6/2018 | 6 | 5.281900% | 0.014000% | 5.267900% | N/A |
62 | Loan | Zavarella Industrial | 2001 | 58,430 | Sq. Ft. | 58 | 3,400,000 | 3,400,000 | 0.4% | 8/1/2028 | 2,862,396 | No | N/A | 7/12/2018 | 9/1/2018 | 1 | 5.750000% | 0.014000% | 5.736000% | N/A |
63 | Loan | 42 Corporate Park | 2013-2017 | 18,929 | Sq. Ft. | 143 | 2,700,000 | 2,700,000 | 0.3% | 8/1/2028 | 2,700,000 | No | N/A | 7/6/2018 | 9/1/2018 | 1 | 4.770000% | 0.014000% | 4.756000% | N/A |
64 | Loan | Dollar General Wonder Lake | N/A | 9,100 | Sq. Ft. | 108 | 980,000 | 980,000 | 0.1% | 8/6/2028 | 980,000 | Yes | 8/6/2033 | 7/12/2018 | 9/6/2018 | 6 | 5.700000% | 0.014000% | 5.686000% | 9.70000% |
65 | Loan | Dollar General Moscow Mills | N/A | 9,100 | Sq. Ft. | 102 | 931,000 | 931,000 | 0.1% | 8/6/2028 | 931,000 | Yes | 8/6/2033 | 7/12/2018 | 9/6/2018 | 6 | 5.760000% | 0.014000% | 5.746000% | 9.76000% |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Interest Accrual Method | Monthly Debt Service Payment | Amortization Type | Original Term to Maturity or ARD | Remaining Term to Maturity or ARD | Original IO Term | Remaining IO Term | Original Amortization Term | Remaining Amortization Term | Seasoning | Prepayment Provisions(5)(6) | Grace Period Default | Grace Period Late | Grace Period at Maturity Default | Appraised Value(4)(13) | Appraisal Date(4)(13) | U/W NOI DSCR(3)(22) | U/W NCF DSCR(3)(22) | Cut-off Date LTV Ratio(3)(4)(13) | LTV Ratio at Maturity or ARD(3)(4)(13) | U/W NOI Debt Yield(3)(13) | U/W NCF Debt Yield(3)(13) | U/W EGI |
1 | Loan | Wyvernwood Apartments | Actual/360 | 155,158.80 | Full IO | 60 | 59 | 60 | 59 | 0 | 0 | 1 | LO(24);YM1(31);O(5) | 0 | 0 | 0 | 205,000,000 | 5/9/2018 | 3.68 | 3.55 | 38.0% | 38.0% | 13.7% | 13.2% | 16,811,387 |
2 | Loan | Riverfront Plaza | Actual/360 | 262,013.94 | Amortizing | 120 | 117 | 0 | 0 | 360 | 357 | 3 | LO(27);DEF/YM1(89);O(4) | 0 | 0 | 0 | 200,800,000 | 2/13/2018 | 1.58 | 1.49 | 72.5% | 61.4% | 10.0% | 9.4% | 22,503,174 |
3 | Loan | Riverwalk | Actual/360 | 246,433.15 | Partial IO | 120 | 118 | 36 | 34 | 360 | 360 | 2 | LO(26);DEF(91);O(3) | 0 | 4 (First 2 occurrence only) | 0 | 117,000,000 | 4/23/2018 | 1.40 | 1.34 | 69.0% | 61.3% | 9.2% | 8.8% | 10,828,207 |
4 | Loan | 139 Ludlow Street | Actual/360 | 125,756.44 | Full IO | 120 | 113 | 120 | 113 | 0 | 0 | 7 | LO(31);DEF(85);O(4) | 0 | 0 | 0 | 60,400,000 | 9/1/2017 | 1.80 | 1.80 | 55.5% | 55.5% | 8.1% | 8.1% | 3,133,405 |
5 | Loan | Aspect RHG Hotel Portfolio | Actual/360 | 179,835.24 | Partial IO | 120 | 120 | 36 | 36 | 360 | 360 | 0 | LO(24);DEF/YM1(91);O(5) | 0 | 0 | 0 | 75,500,000 | Various | 2.04 | 1.74 | 61.2% | 54.2% | 13.1% | 11.2% | 17,963,379 |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | 23,000,000 | 5/2/2018 | 4,922,749 | ||||||||||||||||||||
5.02 | Property | Aloft Hotel Broomfield | 20,500,000 | 5/30/2018 | 5,854,407 | ||||||||||||||||||||
5.03 | Property | Hampton Inn Nashville Smyrna | 16,000,000 | 5/2/2018 | 3,309,629 | ||||||||||||||||||||
5.04 | Property | Hyatt Place Phoenix North | 16,000,000 | 5/8/2018 | 3,876,593 | ||||||||||||||||||||
6 | Loan | 20 Times Square | Actual/360 | 65,649.31 | Full IO | 60 | 57 | 60 | 57 | 0 | 0 | 3 | LO(27);DEF(30);O(3) | 0 | 0 | 0 | 1,636,000,000 | 1/31/2018 | 3.65 | 3.65 | 16.2% | 16.2% | 11.5% | 11.5% | 30,443,635 |
7 | Loan | Savi Ranch Center | Actual/360 | 132,991.95 | Partial IO | 120 | 119 | 24 | 23 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 34,500,000 | 4/21/2018 | 1.58 | 1.48 | 71.7% | 62.1% | 10.2% | 9.6% | 3,259,647 |
8 | Loan | Spotsylvania Crossing | Actual/360 | 121,480.25 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(90);O(5) | 0 | 0 | 0 | 33,600,000 | 4/11/2018 | 1.55 | 1.43 | 66.9% | 55.2% | 10.0% | 9.3% | 2,783,021 |
9 | Loan | Copeland Tower & Stadium Place | Actual/360 | 106,462.94 | Partial IO | 120 | 119 | 24 | 23 | 360 | 360 | 1 | LO(25);DEF(92);O(3) | 7 | 7 | 0 | 29,000,000 | 5/18/2018 | 1.49 | 1.34 | 68.6% | 59.3% | 9.6% | 8.6% | 3,543,493 |
10 | Loan | Somerset Financial Center | Actual/360 | 77,866.67 | Full IO | 120 | 120 | 120 | 120 | 0 | 0 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 65,000,000 | 5/30/2018 | 1.82 | 1.80 | 64.6% | 64.6% | 9.5% | 9.4% | 5,297,846 |
11 | Loan | One Northwestern Plaza | Actual/360 | 100,233.25 | Partial IO, ARD | 120 | 120 | 36 | 36 | 360 | 360 | 0 | YM(24);DEF/YM(89);O(7) | 0 | 0 | 0 | 27,600,000 | 6/25/2018 | 1.67 | 1.42 | 64.7% | 57.7% | 11.2% | 9.6% | 4,592,254 |
12 | Loan | Holiday Inn & Suites - Chattanooga | Actual/360 | 110,608.23 | Amortizing | 120 | 120 | 0 | 0 | 300 | 300 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 26,300,000 | 4/19/2018 | 1.73 | 1.54 | 67.7% | 51.7% | 12.9% | 11.5% | 5,230,306 |
13 | Loan | Smithridge Plaza | Actual/360 | 72,870.24 | Full IO | 120 | 118 | 120 | 118 | 0 | 0 | 2 | LO(26);DEF(90);O(4) | 0 | 0 | 0 | 26,800,000 | 2/20/2018 | 1.77 | 1.63 | 65.0% | 65.0% | 8.9% | 8.2% | 2,027,710 |
14 | Loan | Miami Airport Industrial Portfolio | Actual/360 | 96,395.70 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(90);O(4) | 0 | 0 | 0 | 22,800,000 | 4/25/2018 | 1.71 | 1.68 | 74.8% | 62.5% | 11.6% | 11.4% | 2,927,749 |
14.01 | Property | Sky Chefs 3500 NW 24th Street | 16,200,000 | 4/25/2018 | 2,095,920 | ||||||||||||||||||||
14.02 | Property | Sky Chefs 3630 NW 25th Street | 6,600,000 | 4/25/2018 | 831,829 | ||||||||||||||||||||
15 | Loan | River Place Apartments | Actual/360 | 62,236.72 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 32,800,000 | 5/24/2018 | 3.25 | 3.13 | 51.8% | 51.8% | 14.3% | 13.8% | 5,198,106 |
16 | Loan | Conway Commons | Actual/360 | 77,705.54 | Partial IO | 120 | 120 | 60 | 60 | 360 | 360 | 0 | LO(23);YM1(93);O(4) | 0 | 0 | 0 | 80,550,000 | 6/29/2018 | 1.62 | 1.54 | 58.7% | 53.8% | 10.1% | 9.6% | 5,615,437 |
17 | Loan | Courtyard Marriott New Braunfels | Actual/360 | 79,597.13 | Partial IO | 120 | 120 | 36 | 36 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 22,700,000 | 5/25/2018 | 2.10 | 1.85 | 63.2% | 56.3% | 14.0% | 12.3% | 5,984,277 |
18 | Loan | Holiday Inn - Matteson | Actual/360 | 83,679.73 | Amortizing | 120 | 120 | 0 | 0 | 300 | 300 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 22,500,000 | 3/25/2018 | 2.17 | 1.87 | 57.8% | 44.7% | 16.7% | 14.4% | 7,453,674 |
19 | Loan | Canyon & Western Business Park | Actual/360 | 66,172.68 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(91);O(5) | 0 | 0 | 0 | 17,350,000 | 5/15/2018 | 1.69 | 1.56 | 73.2% | 59.7% | 10.6% | 9.7% | 2,065,673 |
20 | Loan | Chatham Glen | Actual/360 | 64,785.79 | Partial IO | 120 | 119 | 60 | 59 | 360 | 360 | 1 | LO(25);DEF(92);O(3) | 0 | 0 | 0 | 17,200,000 | 5/28/2018 | 1.30 | 1.27 | 69.8% | 64.4% | 8.4% | 8.2% | 1,561,907 |
21 | Loan | Kjellberg MHP | Actual/360 | 66,111.95 | Partial IO | 120 | 120 | 60 | 60 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 18,270,000 | 4/13/2018 | 1.29 | 1.27 | 64.3% | 59.7% | 8.7% | 8.6% | 1,533,659 |
22 | Loan | Warner Courtyards | Actual/360 | 44,510.02 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 23,000,000 | 4/30/2018 | 2.91 | 2.65 | 50.0% | 50.0% | 13.5% | 12.3% | 2,228,538 |
23 | Loan | Windsor Village | Actual/360 | 63,113.66 | Partial IO | 120 | 119 | 60 | 59 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 19,740,000 | 6/7/2018 | 1.98 | 1.86 | 58.3% | 53.9% | 13.1% | 12.2% | 2,425,196 |
24 | Loan | Staybridge Suites Austin | Actual/360 | 62,934.80 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 19,000,000 | 6/5/2018 | 2.20 | 1.99 | 60.5% | 50.0% | 14.4% | 13.1% | 3,877,660 |
25 | Loan | HMS - WSS Portfolio | Actual/360 | 65,664.04 | Amortizing | 60 | 60 | 0 | 0 | 360 | 360 | 0 | LO(24);YM1(29);O(7) | 0 | 0 | 0 | 18,800,000 | Various | 2.03 | 1.83 | 60.1% | 56.0% | 14.2% | 12.7% | 3,998,060 |
25.01 | Property | WoodSpring Suites - Savannah | 7,900,000 | 6/4/2018 | 1,565,252 | ||||||||||||||||||||
25.02 | Property | WoodSpring Suites - Madison | 5,900,000 | 5/29/2018 | 1,241,189 | ||||||||||||||||||||
25.03 | Property | Value Place - Huntsville | 5,000,000 | 5/29/2018 | 1,191,620 | ||||||||||||||||||||
26 | Loan | 160th Street and Prospect Avenue Portfolio | Actual/360 | 51,112.67 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(88);O(7) | 0 | 5 | 0 | 16,300,000 | 6/5/2018 | 1.26 | 1.24 | 68.1% | 68.1% | 6.9% | 6.9% | 910,573 |
26.01 | Property | 160th Street | 12,000,000 | 6/5/2018 | 666,224 | ||||||||||||||||||||
26.02 | Property | Prospect Avenue | 4,300,000 | 6/5/2018 | 244,348 | ||||||||||||||||||||
27 | Loan | Sunflower MHC | Actual/360 | 45,825.75 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 19,500,000 | 3/2/2018 | 1.67 | 1.65 | 55.4% | 55.4% | 8.5% | 8.4% | 1,299,495 |
28 | Loan | Longview Plaza | Actual/360 | 46,446.25 | Full IO | 120 | 118 | 120 | 118 | 0 | 0 | 2 | LO(26);DEF(90);O(4) | 0 | 0 | 0 | 20,400,000 | 5/10/2018 | 2.27 | 1.97 | 52.9% | 52.9% | 11.7% | 10.2% | 1,758,245 |
29 | Loan | Charleston Tower | Actual/360 | 55,518.42 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 17,250,000 | 5/1/2018 | 2.03 | 1.87 | 60.2% | 49.5% | 13.0% | 12.0% | 2,026,424 |
30 | Loan | Bank of America Center | Actual/360 | 42,498.84 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 5 | 0 | 0 | 112,200,000 | 5/17/2018 | 2.27 | 2.14 | 53.9% | 53.9% | 11.6% | 10.9% | 10,869,501 |
31 | Loan | 175 Park Avenue | Actual/360 | 44,932.18 | Full IO | 120 | 117 | 120 | 117 | 0 | 0 | 3 | LO(27);DEF(89);O(4) | 0 | 0 | 0 | 135,000,000 | 4/5/2018 | 1.65 | 1.60 | 63.0% | 63.0% | 8.9% | 8.7% | 9,222,583 |
32 | Loan | Manchester Highlands | Actual/360 | 42,836.81 | Full IO | 120 | 117 | 120 | 117 | 0 | 0 | 3 | LO(24);YM1(92);O(4) | 7 | 7 | 0 | 55,800,000 | 2/1/2018 | 1.85 | 1.74 | 62.7% | 62.7% | 9.5% | 9.0% | 4,391,111 |
33 | Loan | 11 S. LaSalle Street | Actual/360 | 40,438.20 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 5 | 5 | 0 | 16,400,000 | 5/21/2018 | 1.82 | 1.79 | 58.7% | 58.7% | 9.2% | 9.0% | 1,103,362 |
34 | Loan | Pelican Walk | Actual/360 | 53,049.30 | Partial IO | 120 | 120 | 24 | 24 | 360 | 360 | 0 | LO(23);YM1(94);O(3) | 7 | 7 | 0 | 14,400,000 | 6/7/2018 | 1.47 | 1.43 | 66.0% | 57.6% | 9.9% | 9.6% | 1,288,824 |
35 | Loan | 5th Street Station | Actual/360 | 36,502.13 | Full IO | 120 | 118 | 120 | 118 | 0 | 0 | 2 | LO(26);DEF(90);O(4) | 0 | 0 | 0 | 144,980,000 | 2/12/2018 | 3.35 | 3.22 | 25.9% | 25.9% | 19.6% | 18.8% | 8,875,441 |
36 | Loan | 7-9 Vreeland Road | Actual/360 | 45,548.22 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 15,700,000 | 4/13/2018 | 2.62 | 2.47 | 57.3% | 46.3% | 15.9% | 15.0% | 2,053,835 |
37 | Loan | Seaside Portfolio | Actual/360 | 52,841.25 | Amortizing | 120 | 120 | 0 | 0 | 300 | 300 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 15,800,000 | 5/29/2018 | 2.12 | 1.90 | 54.6% | 41.5% | 15.6% | 14.0% | 3,491,637 |
37.01 | Property | River Inn at Seaside | 8,800,000 | 5/29/2018 | 1,893,850 | ||||||||||||||||||||
37.02 | Property | Inn at Seaside | 7,000,000 | 5/29/2018 | 1,597,788 | ||||||||||||||||||||
38 | Loan | 14701 Philips Highway | Actual/360 | 44,617.11 | Partial IO | 120 | 119 | 36 | 35 | 360 | 360 | 1 | LO(25);DEF(92);O(3) | 0 | 0 | 0 | 13,900,000 | 5/10/2018 | 1.72 | 1.67 | 61.2% | 53.9% | 10.8% | 10.5% | 940,500 |
39 | Loan | Walgreens & Sherwin Williams Plaza | Actual/360 | 34,834.69 | Full IO | 120 | 120 | 120 | 120 | 0 | 0 | 0 | LO(24);DEF(93);O(3) | 7 | 7 | 0 | 12,750,000 | 6/8/2018 | 1.72 | 1.71 | 63.5% | 63.5% | 8.9% | 8.8% | 955,864 |
40 | Loan | Hampton Inn - Provo | Actual/360 | 49,599.21 | Amortizing | 120 | 119 | 0 | 0 | 330 | 329 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 12,000,000 | 5/23/2018 | 2.04 | 1.84 | 66.6% | 54.4% | 15.2% | 13.7% | 3,053,327 |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | Actual/360 | 48,394.67 | Amortizing | 120 | 119 | 0 | 0 | 300 | 299 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 14,900,000 | 4/19/2018 | 2.11 | 1.83 | 51.6% | 39.7% | 15.9% | 13.8% | 4,007,732 |
42 | Loan | St. Vrain MHC | Actual/360 | 34,097.08 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 12,200,000 | 2/21/2018 | 1.59 | 1.57 | 62.3% | 62.3% | 8.6% | 8.5% | 929,158 |
43 | Loan | Livonia Industrial II | Actual/360 | 40,493.03 | Partial IO | 120 | 120 | 36 | 36 | 360 | 360 | 0 | LO(24);DEF(89);O(7) | 0 | 0 | 0 | 10,200,000 | 5/24/2018 | 1.53 | 1.41 | 72.4% | 64.4% | 10.1% | 9.3% | 1,076,451 |
44 | Loan | Holiday Inn Express - Sandy | Actual/360 | 41,918.96 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 10,700,000 | 5/23/2018 | 1.80 | 1.59 | 67.2% | 56.6% | 12.6% | 11.1% | 2,653,921 |
45 | Loan | LA Fitness - Chandler AZ | Actual/360 | 37,920.50 | Partial IO | 120 | 120 | 36 | 36 | 360 | 360 | 0 | LO(60);YM1(56);O(4) | 0 | 0 | 0 | 12,950,000 | 6/11/2018 | 1.57 | 1.49 | 54.1% | 47.9% | 10.2% | 9.7% | 738,492 |
46 | Loan | Holiday Inn Express - Savannah | Actual/360 | 38,864.31 | Amortizing | 120 | 119 | 0 | 0 | 360 | 359 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 10,600,000 | 5/9/2018 | 1.89 | 1.68 | 64.1% | 53.7% | 13.0% | 11.5% | 2,399,182 |
47 | Loan | Gemstone MHC Portfolio | Actual/360 | 35,371.66 | Partial IO | 120 | 120 | 36 | 36 | 360 | 360 | 0 | LO(24);DEF(91);O(5) | 0 | 0 | 0 | 9,700,000 | 5/25/2018 | 1.40 | 1.37 | 67.0% | 59.5% | 9.2% | 9.0% | 874,995 |
47.01 | Property | Harbor’s Edge | 6,600,000 | 5/25/2018 | 606,644 | ||||||||||||||||||||
47.02 | Property | Gem Beach Estates | 3,100,000 | 5/25/2018 | 268,351 | ||||||||||||||||||||
48 | Loan | Holiday Inn Express & Suites Jackson | Actual/360 | 41,641.52 | Amortizing | 120 | 119 | 0 | 0 | 300 | 299 | 1 | LO(25);DEF(92);O(3) | 0 | 0 | 0 | 10,200,000 | 3/27/2018 | 1.82 | 1.65 | 63.6% | 49.3% | 14.0% | 12.7% | 2,035,539 |
49 | Loan | 24 Hour Fitness - Mansfield | Actual/360 | 27,566.03 | Full IO | 84 | 83 | 84 | 83 | 0 | 0 | 1 | LO(25);DEF(52);O(7) | 0 | 0 | 0 | 12,440,000 | 4/11/2018 | 2.44 | 2.34 | 51.7% | 51.7% | 12.6% | 12.0% | 1,071,350 |
50 | Loan | Crossroads Village | Actual/360 | 34,628.96 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 5 | 5 | 0 | 9,600,000 | 6/1/2018 | 1.91 | 1.80 | 65.1% | 54.0% | 12.7% | 12.0% | 1,035,167 |
51 | Loan | Shorecliff Retail Center | Actual/360 | 33,956.74 | Partial IO | 120 | 120 | 48 | 48 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 9,000,000 | 4/27/2018 | 1.38 | 1.34 | 64.4% | 59.1% | 9.7% | 9.4% | 761,003 |
52 | Loan | Holiday Inn Express - Port Richey | Actual/360 | 36,117.32 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 11,000,000 | 5/11/2018 | 1.69 | 1.50 | 52.3% | 44.9% | 12.7% | 11.3% | 1,962,493 |
53 | Loan | Liberty Business Park | Actual/360 | 19,221.64 | Full IO | 120 | 120 | 120 | 120 | 0 | 0 | 0 | LO(24);YM1(92);O(4) | 7 | 7 | 0 | 12,700,000 | 5/10/2018 | 2.71 | 2.53 | 39.4% | 39.4% | 12.5% | 11.7% | 766,948 |
54 | Loan | Kensington Office Plaza | Actual/360 | 27,572.16 | Amortizing | 120 | 118 | 0 | 0 | 360 | 358 | 2 | LO(26);DEF(91);O(3) | 0 | 0 | 0 | 7,300,000 | 4/24/2018 | 1.84 | 1.59 | 66.2% | 55.4% | 12.6% | 10.9% | 1,560,682 |
55 | Loan | Hempstead Highway Industrial | Actual/360 | 23,937.44 | Partial IO | 120 | 119 | 60 | 59 | 360 | 360 | 1 | LO(25);DEF(91);O(4) | 7 | 7 | 0 | 6,590,000 | 5/24/2018 | 1.80 | 1.61 | 68.3% | 62.9% | 11.5% | 10.3% | 712,908 |
56 | Loan | TD Bank Long Island City | Actual/360 | 20,911.46 | Full IO | 120 | 120 | 120 | 120 | 0 | 0 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 10,400,000 | 5/25/2018 | 1.80 | 1.80 | 43.3% | 43.3% | 10.1% | 10.1% | 468,004 |
57 | Loan | Walgreens & PDQ Retail Portfolio | Actual/360 | 19,238.54 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 9,200,000 | 3/24/2018 | 2.16 | 2.15 | 48.9% | 48.9% | 11.1% | 11.0% | 516,840 |
57.01 | Property | Walgreens Naples | 5,900,000 | 3/24/2018 | 345,840 | ||||||||||||||||||||
57.02 | Property | PDQ Orlando | 3,300,000 | 3/24/2018 | 171,000 | ||||||||||||||||||||
58 | Loan | 24 Hour Fitness - Cedar Hill | Actual/360 | 18,107.04 | Full IO | 84 | 83 | 84 | 83 | 0 | 0 | 1 | LO(25);DEF(52);O(7) | 0 | 0 | 0 | 8,500,000 | 4/12/2018 | 2.49 | 2.36 | 49.8% | 49.8% | 12.8% | 12.1% | 838,839 |
59 | Loan | Quality Inn - Florissant | Actual/360 | 24,653.13 | Amortizing | 120 | 120 | 0 | 0 | 300 | 300 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 6,200,000 | 5/17/2018 | 1.96 | 1.72 | 62.9% | 48.4% | 14.9% | 13.1% | 1,730,890 |
60 | Loan | Greater American Self Storage | Actual/360 | 15,724.78 | Full IO | 120 | 119 | 120 | 119 | 0 | 0 | 1 | LO(25);DEF(91);O(4) | 0 | 0 | 0 | 6,400,000 | 3/12/2018 | 2.15 | 2.09 | 58.6% | 58.6% | 10.8% | 10.5% | 618,031 |
61 | Loan | 2036 TC Jester | Actual/360 | 16,427.26 | Full IO | 120 | 120 | 120 | 120 | 0 | 0 | 0 | LO(24);DEF(92);O(4) | 0 | 0 | 0 | 6,100,000 | 5/25/2018 | 1.93 | 1.84 | 60.3% | 60.3% | 10.3% | 9.9% | 544,177 |
62 | Loan | Zavarella Industrial | Actual/360 | 19,841.48 | Amortizing | 120 | 120 | 0 | 0 | 360 | 360 | 0 | LO(24);DEF(93);O(3) | 7 | 7 | 0 | 5,250,000 | 6/7/2018 | 1.54 | 1.40 | 64.8% | 54.5% | 10.8% | 9.8% | 541,263 |
63 | Loan | 42 Corporate Park | Actual/360 | 10,881.56 | Full IO | 120 | 120 | 120 | 120 | 0 | 0 | 0 | LO(24);YM1(92);O(4) | 7 | 7 | 0 | 5,000,000 | 5/10/2018 | 2.26 | 2.09 | 54.0% | 54.0% | 10.9% | 10.1% | 476,269 |
64 | Loan | Dollar General Wonder Lake | Actual/360 | 4,719.65 | Full IO, ARD | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24);DEF/YM(89);O(7) | 0 | 0 | 0 | 1,400,000 | 7/26/2017 | 1.50 | 1.48 | 70.0% | 70.0% | 8.7% | 8.6% | 87,818 |
65 | Loan | Dollar General Moscow Mills | Actual/360 | 4,530.87 | Full IO, ARD | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24);DEF/YM(89);O(7) | 0 | 0 | 0 | 1,330,000 | 2/19/2018 | 1.54 | 1.52 | 70.0% | 70.0% | 9.0% | 8.9% | 86,526 |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | U/W Expenses | U/W NOI(27) | U/W Replacement | U/W TI/LC | U/W NCF | Occupancy Rate(9)(29) | Occupancy as-of Date(29) | Most Recent Operating Statement Date(29) | Most Recent EGI | Most Recent Expenses | Most Recent NOI | Second Most Recent Operating Statement Date(29) | Second Most Recent EGI | Second Most Recent Expenses | Second Most Recent NOI | Third Most Recent Operating Statement Date(29) | Third Most Recent EGI | Third Most Recent Expenses | Third Most Recent NOI | Largest Tenant Name(9)(10)(11)(12)(28) |
1 | Loan | Wyvernwood Apartments | 6,128,650 | 10,682,737 | 376,000 | 0 | 10,306,737 | 98.0% | 6/27/2018 | TTM 5/31/2018 | 16,213,876 | 5,395,450 | 10,818,426 | 12/31/2017 | 15,925,559 | 5,315,071 | 10,610,488 | 12/31/2016 | 15,225,327 | 4,978,285 | 10,247,043 | N/A |
2 | Loan | Riverfront Plaza | 7,997,506 | 14,505,668 | 142,481 | 649,875 | 13,713,312 | 83.4% | 3/28/2018 | TTM 1/31/2018 | 18,661,328 | 8,267,688 | 10,393,640 | 12/31/2017 | 18,397,856 | 8,276,354 | 10,121,502 | 12/31/2016 | 19,087,328 | 8,714,695 | 10,372,633 | Hunton & Williams LLP |
3 | Loan | Riverwalk | 3,385,984 | 7,442,223 | 63,038 | 252,152 | 7,127,034 | 93.0% | 6/18/2018 | TTM 3/31/2018 | 9,623,128 | 3,038,382 | 6,584,746 | 12/31/2017 | 9,594,562 | 2,972,803 | 6,621,759 | 12/31/2016 | 9,353,828 | 3,023,123 | 6,330,705 | Solectria |
4 | Loan | 139 Ludlow Street | 411,197 | 2,722,208 | 3,287 | 0 | 2,718,922 | 100.0% | 8/1/2018 | TTM 3/31/2018 | 3,287,085 | 317,059 | 2,970,026 | 12/31/2017 | 3,247,196 | 373,914 | 2,873,282 | N/A | N/A | N/A | N/A | Soho-Ludlow Tenant, LLC |
5 | Loan | Aspect RHG Hotel Portfolio | 11,900,238 | 6,063,140 | 898,169 | 0 | 5,164,972 | 81.2% | 7/17/2018 | TTM 4/30/2018 | 18,008,285 | 11,662,506 | 6,345,779 | 12/31/2017 | 17,894,637 | 11,477,039 | 6,417,598 | 12/31/2016 | 17,231,415 | 11,478,152 | 5,753,263 | N/A |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | 2,891,790 | 2,030,959 | 246,137 | 0 | 1,784,822 | 82.3% | 7/17/2018 | TTM 4/30/2018 | 4,922,749 | 2,829,845 | 2,092,904 | 12/31/2017 | 4,904,305 | 2,778,420 | 2,125,885 | 12/31/2016 | 4,687,669 | 2,813,504 | 1,874,165 | N/A |
5.02 | Property | Aloft Hotel Broomfield | 4,119,926 | 1,734,482 | 292,720 | 0 | 1,441,761 | 79.9% | 7/17/2018 | TTM 4/30/2018 | 5,805,105 | 4,164,882 | 1,640,223 | 12/31/2017 | 5,681,414 | 4,085,422 | 1,595,992 | 12/31/2016 | 5,409,269 | 4,151,861 | 1,257,408 | N/A |
5.03 | Property | Hampton Inn Nashville Smyrna | 1,930,274 | 1,379,355 | 165,481 | 0 | 1,213,874 | 83.6% | 7/17/2018 | TTM 4/30/2018 | 3,403,838 | 1,894,895 | 1,508,943 | 12/31/2017 | 3,414,944 | 1,884,303 | 1,530,641 | 12/31/2016 | 3,311,151 | 1,838,566 | 1,472,585 | N/A |
5.04 | Property | Hyatt Place Phoenix North | 2,958,249 | 918,344 | 193,830 | 0 | 724,515 | 79.6% | 7/17/2018 | TTM 4/30/2018 | 3,876,593 | 2,772,884 | 1,103,709 | 12/31/2017 | 3,893,974 | 2,728,894 | 1,165,080 | 12/31/2016 | 3,823,326 | 2,674,221 | 1,149,105 | N/A |
6 | Loan | 20 Times Square | 0 | 30,443,635 | 0 | 0 | 30,443,635 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
7 | Loan | Savi Ranch Center | 733,520 | 2,526,127 | 25,724 | 130,652 | 2,369,751 | 96.0% | 4/17/2018 | TTM 3/31/2018 | 3,230,816 | 793,746 | 2,437,070 | 12/31/2017 | 3,272,673 | 796,108 | 2,476,565 | 12/31/2016 | 3,372,799 | 770,730 | 2,602,069 | Dick’s Sporting Goods |
8 | Loan | Spotsylvania Crossing | 530,639 | 2,252,382 | 25,676 | 138,247 | 2,088,459 | 95.1% | 6/1/2018 | 12/31/2017 | 2,109,007 | 475,456 | 1,633,551 | 12/31/2016 | 2,256,324 | 540,257 | 1,716,067 | N/A | N/A | N/A | N/A | At Home |
9 | Loan | Copeland Tower & Stadium Place | 1,638,870 | 1,904,623 | 42,191 | 147,669 | 1,714,764 | 84.0% | 6/1/2018 | TTM 5/30/2018 | 3,541,482 | 1,670,635 | 1,870,847 | 12/31/2017 | 3,515,972 | 1,648,112 | 1,867,860 | 12/31/2016 | 3,241,235 | 1,640,157 | 1,601,078 | Multiplan, Inc. |
10 | Loan | Somerset Financial Center | 1,321,680 | 3,976,166 | 46,000 | 0 | 3,930,166 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Mallinckrodt |
11 | Loan | One Northwestern Plaza | 2,587,138 | 2,005,116 | 60,000 | 238,373 | 1,706,743 | 85.0% | 4/30/2018 | TTM 4/30/2018 | 3,796,266 | 2,531,415 | 1,264,851 | 12/31/2017 | 3,796,299 | 2,536,770 | 1,259,530 | 12/31/2016 | 3,358,202 | 2,444,522 | 913,681 | Village Green |
12 | Loan | Holiday Inn & Suites - Chattanooga | 2,939,513 | 2,290,792 | 245,021 | 0 | 2,045,771 | 73.8% | TTM 4/30/2018 | TTM 4/30/2018 | 5,227,908 | 2,996,126 | 2,231,782 | 12/31/2017 | 5,152,186 | 2,929,832 | 2,222,354 | 12/31/2016 | 4,446,442 | 2,923,741 | 1,522,701 | N/A |
13 | Loan | Smithridge Plaza | 477,881 | 1,549,829 | 15,839 | 105,594 | 1,428,396 | 85.6% | 4/1/2018 | TTM 3/31/2018 | 2,214,416 | 461,321 | 1,753,095 | 12/31/2017 | 2,160,551 | 477,641 | 1,682,910 | 12/31/2016 | 1,959,154 | 443,516 | 1,515,639 | Stein Mart |
14 | Loan | Miami Airport Industrial Portfolio | 954,822 | 1,972,927 | 25,422 | 0 | 1,947,505 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Sky Chefs, Inc. |
14.01 | Property | Sky Chefs 3500 NW 24th Street | 682,230 | 1,413,690 | 18,166 | 0 | 1,395,524 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Sky Chefs, Inc. |
14.02 | Property | Sky Chefs 3630 NW 25th Street | 272,592 | 559,237 | 7,256 | 0 | 551,981 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Sky Chefs, Inc. |
15 | Loan | River Place Apartments | 2,774,533 | 2,423,574 | 83,720 | 0 | 2,339,854 | 95.0% | 5/29/2018 | TTM 5/31/2018 | 5,073,445 | 2,373,810 | 2,699,635 | 12/31/2017 | 4,850,753 | 2,271,457 | 2,579,296 | 12/31/2016 | 3,429,241 | 1,466,481 | 1,962,760 | N/A |
16 | Loan | Conway Commons | 855,197 | 4,760,240 | 53,999 | 179,998 | 4,526,244 | 98.3% | 6/30/2018 | TTM 5/31/2018 | 5,684,671 | 889,542 | 4,795,129 | 12/31/2017 | 5,749,066 | 903,213 | 4,845,853 | 12/31/2016 | 5,507,829 | 795,541 | 4,712,288 | Kohl’s |
17 | Loan | Courtyard Marriott New Braunfels | 3,975,361 | 2,008,916 | 239,371 | 0 | 1,769,545 | 75.5% | TTM 5/31/2018 | TTM 5/31/2018 | 5,984,277 | 3,866,774 | 2,117,503 | 12/31/2017 | 5,736,093 | 3,717,448 | 2,018,645 | 12/31/2016 | 5,393,041 | 3,562,558 | 1,830,483 | N/A |
18 | Loan | Holiday Inn - Matteson | 5,278,441 | 2,175,233 | 298,147 | 0 | 1,877,086 | 75.9% | TTM 6/30/2018 | TTM 6/30/2018 | 7,424,077 | 5,048,910 | 2,375,167 | 12/31/2017 | 7,682,047 | 5,131,466 | 2,550,581 | 12/31/2016 | 7,674,207 | 5,387,608 | 2,286,599 | N/A |
19 | Loan | Canyon & Western Business Park | 724,135 | 1,341,538 | 53,864 | 50,000 | 1,237,674 | 89.8% | 6/20/2018 | TTM 4/30/2018 | 2,004,154 | 658,619 | 1,345,535 | 12/31/2017 | 1,984,378 | 737,455 | 1,246,923 | 12/31/2016 | 1,930,563 | 738,066 | 1,192,497 | BRANDON JONES |
20 | Loan | Chatham Glen | 551,644 | 1,010,263 | 23,000 | 0 | 987,263 | 95.7% | 5/23/2018 | 4/30/2018 T-3 Annualized | 1,314,232 | 582,385 | 731,847 | 4/30/2018 T-6 Annualized | 1,241,119 | 463,327 | 777,792 | 4/30/2018 T-9 Annualized | 1,185,123 | 470,287 | 714,836 | N/A |
21 | Loan | Kjellberg MHP | 508,222 | 1,025,437 | 16,100 | 0 | 1,009,337 | 100.0% | 4/16/2018 | TTM 4/30/2018 | 1,467,985 | 537,958 | 930,027 | 12/31/2017 | 1,400,022 | 559,652 | 840,370 | 12/31/2016 | 1,351,568 | 518,952 | 832,616 | N/A |
22 | Loan | Warner Courtyards | 673,537 | 1,555,002 | 21,670 | 117,351 | 1,415,980 | 97.5% | 5/31/2018 | TTM 5/31/2018 | 1,770,176 | 743,842 | 1,026,334 | 12/31/2017 | 1,217,450 | 735,261 | 482,190 | 12/31/2016 | 524,962 | 682,099 | -157,137 | Cenlar FSB |
23 | Loan | Windsor Village | 923,893 | 1,501,303 | 95,469 | 0 | 1,405,834 | 98.3% | 7/16/2018 | TTM 4/30/2018 | 2,357,292 | 922,884 | 1,434,408 | 12/31/2017 | 2,341,107 | 936,053 | 1,405,054 | 12/31/2016 | 2,344,388 | 914,133 | 1,430,255 | N/A |
24 | Loan | Staybridge Suites Austin | 2,218,149 | 1,659,511 | 155,106 | 0 | 1,504,404 | 82.5% | 6/12/2018 | TTM 4/30/2018 | 3,877,660 | 2,162,306 | 1,715,354 | 12/31/2017 | 3,455,973 | 2,112,019 | 1,343,954 | N/A | N/A | N/A | N/A | N/A |
25 | Loan | HMS - WSS Portfolio | 2,398,339 | 1,599,721 | 159,922 | 0 | 1,439,799 | 77.2% | TTM 4/30/2018 | TTM 4/30/2018 | 3,998,060 | 2,392,665 | 1,605,396 | 12/31/2017 | 3,921,194 | 2,357,639 | 1,563,555 | 12/31/2016 | 3,344,645 | 2,048,646 | 1,295,999 | N/A |
25.01 | Property | WoodSpring Suites - Savannah | 859,805 | 705,446 | 62,610 | 0 | 642,836 | 78.4% | TTM 4/30/2018 | TTM 4/30/2018 | 1,565,252 | 837,174 | 728,077 | 12/31/2017 | 1,589,566 | 838,531 | 751,035 | 12/31/2016 | 1,349,282 | 749,878 | 599,404 | N/A |
25.02 | Property | WoodSpring Suites - Madison | 739,410 | 501,779 | 49,648 | 0 | 452,131 | 77.6% | TTM 4/30/2018 | TTM 4/30/2018 | 1,241,189 | 747,013 | 494,176 | 12/31/2017 | 1,208,976 | 729,131 | 479,845 | 12/31/2016 | 1,001,672 | 625,342 | 376,330 | N/A |
25.03 | Property | Value Place - Huntsville | 799,124 | 392,496 | 47,665 | 0 | 344,831 | 75.5% | TTM 4/30/2018 | TTM 4/30/2018 | 1,191,620 | 808,477 | 383,143 | 12/31/2017 | 1,122,653 | 789,978 | 332,675 | 12/31/2016 | 993,691 | 673,426 | 320,265 | N/A |
26 | Loan | 160th Street and Prospect Avenue Portfolio | 140,569 | 770,004 | 9,275 | 0 | 760,729 | 100.0% | 5/23/2018 | TTM 4/30/2018 | 920,873 | 140,289 | 780,584 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
26.01 | Property | 160th Street | 100,827 | 565,398 | 6,825 | 0 | 558,573 | 100.0% | 5/23/2018 | TTM 4/30/2018 | 674,759 | 100,274 | 574,485 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
26.02 | Property | Prospect Avenue | 39,742 | 204,606 | 2,450 | 0 | 202,156 | 100.0% | 5/23/2018 | TTM 4/30/2018 | 246,114 | 40,015 | 206,099 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
27 | Loan | Sunflower MHC | 382,609 | 916,886 | 9,500 | 0 | 907,386 | 98.9% | 5/31/2018 | TTM 4/30/2018 | 1,300,522 | 385,753 | 914,769 | 12/31/2017 | 1,249,928 | 380,911 | 869,017 | T-6 Annualized 7/31/2016 | 1,133,546 | 298,147 | 835,399 | N/A |
28 | Loan | Longview Plaza | 491,942 | 1,266,303 | 15,326 | 153,260 | 1,097,717 | 100.0% | 5/24/2018 | TTM 4/30/2018 | 1,858,648 | 496,811 | 1,361,837 | 12/31/2017 | 1,843,143 | 475,933 | 1,367,210 | 12/31/2016 | 1,803,603 | 493,957 | 1,309,646 | Best Buy |
29 | Loan | Charleston Tower | 676,985 | 1,349,440 | 17,742 | 88,708 | 1,242,990 | 95.1% | 3/31/2018 | TTM 3/31/2018 | 1,708,153 | 800,123 | 908,030 | 12/31/2017 | 1,639,270 | 786,048 | 853,222 | 12/31/2016 | 1,641,418 | 799,874 | 841,545 | Board of Regents of the Nevada System of Higher Education (NSHE) |
30 | Loan | Bank of America Center | 3,853,953 | 7,015,548 | 50,139 | 348,888 | 6,616,522 | 84.5% | 6/18/2018 | 4/30/2018 | 7,656,935 | 3,679,228 | 3,977,706 | 12/31/2017 | 7,554,630 | 3,605,981 | 3,948,648 | 12/31/2016 | 6,752,259 | 3,329,786 | 3,422,473 | Bank of America |
31 | Loan | 175 Park Avenue | 1,678,193 | 7,544,391 | 54,000 | 135,000 | 7,355,391 | 100.0% | 8/1/2018 | TTM 2/28/2018 | 9,646,590 | 1,533,245 | 8,113,345 | 12/31/2017 | 9,622,727 | 1,654,788 | 7,967,939 | 12/31/2016 | 9,571,205 | 1,645,281 | 7,925,924 | Realogy Operations LLC |
32 | Loan | Manchester Highlands | 1,067,207 | 3,323,905 | 21,222 | 166,885 | 3,135,798 | 100.0% | 5/31/2018 | TTM 5/31/2018 | 4,630,216 | 1,017,108 | 3,613,109 | 12/31/2017 | 4,502,319 | 1,056,567 | 3,445,752 | 12/31/2016 | 4,504,343 | 835,981 | 3,668,362 | Walmart Stores East, LP |
33 | Loan | 11 S. LaSalle Street | 218,489 | 884,873 | 2,612 | 13,062 | 869,199 | 93.1% | 6/1/2018 | TTM 3/31/2018 | 916,772 | 190,043 | 726,729 | 12/31/2017 | 840,786 | 178,947 | 661,839 | N/A | N/A | N/A | N/A | Citibank NA |
34 | Loan | Pelican Walk | 351,918 | 936,906 | 6,138 | 18,797 | 911,971 | 93.7% | 7/1/2018 | TTM 3/31/2018 | 1,081,707 | 252,964 | 828,743 | 12/31/2017 | 1,068,396 | 251,355 | 817,041 | 12/31/2016 | 1,102,355 | 248,196 | 854,159 | Brown Boxer/Hoot the Dog LLC |
35 | Loan | 5th Street Station | 1,531,391 | 7,344,050 | 31,621 | 260,837 | 7,051,592 | 93.1% | 1/31/2018 | TTM 1/31/2018 | 6,910,000 | 1,327,764 | 5,582,236 | 12/31/2017 | 6,770,075 | 1,253,177 | 5,516,898 | N/A | N/A | N/A | N/A | Wegman’s Food Markets, Inc. |
36 | Loan | 7-9 Vreeland Road | 620,153 | 1,433,683 | 20,266 | 62,356 | 1,351,060 | 89.3% | 6/1/2018 | TTM 3/31/2018 | 1,746,735 | 577,752 | 1,168,983 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | General Dynamics Mission Systems |
37 | Loan | Seaside Portfolio | 2,146,223 | 1,345,414 | 139,665 | 0 | 1,205,748 | 67.4% | 6/20/2018 | TTM 4/30/2018 | 3,491,680 | 2,054,221 | 1,437,460 | 12/31/2017 | 3,438,583 | 2,051,762 | 1,386,821 | 12/31/2016 | 3,330,390 | 1,970,802 | 1,359,588 | N/A |
37.01 | Property | River Inn at Seaside | 1,086,904 | 806,946 | 75,754 | 0 | 731,192 | 70.8% | 6/20/2018 | TTM 4/30/2018 | 1,893,943 | 1,038,977 | 854,966 | 12/31/2017 | 1,851,772 | 1,055,739 | 796,033 | 12/31/2016 | 1,741,390 | 977,157 | 764,233 | N/A |
37.02 | Property | Inn at Seaside | 1,059,319 | 538,468 | 63,912 | 0 | 474,557 | 64.1% | 6/20/2018 | TTM 4/30/2018 | 1,597,737 | 1,015,244 | 582,494 | 12/31/2017 | 1,586,811 | 996,023 | 590,788 | 12/31/2016 | 1,589,000 | 993,645 | 595,355 | N/A |
38 | Loan | 14701 Philips Highway | 18,810 | 921,690 | 6,750 | 22,500 | 892,440 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Dream Finders Homes LLC |
39 | Loan | Walgreens & Sherwin Williams Plaza | 237,423 | 718,441 | 981 | 3,924 | 713,536 | 100.0% | 7/3/2018 | TTM 5/31/2018 | 879,502 | 163,519 | 715,983 | 12/31/2017 | 859,126 | 155,257 | 703,869 | 12/31/2016 | 901,626 | 140,670 | 760,956 | Walgreen Co. |
40 | Loan | Hampton Inn - Provo | 1,836,855 | 1,216,471 | 122,133 | 0 | 1,094,338 | 84.6% | TTM 5/31/2018 | TTM 5/31/2018 | 3,053,327 | 1,786,781 | 1,266,546 | 12/31/2017 | 3,096,744 | 1,819,412 | 1,277,333 | 12/31/2016 | 2,986,637 | 1,778,460 | 1,208,177 | N/A |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | 2,784,954 | 1,222,778 | 160,309 | 0 | 1,062,469 | 60.6% | TTM 5/31/2018 | TTM 5/31/2018 | 4,027,187 | 2,597,294 | 1,429,892 | 12/31/2017 | 3,876,179 | 2,572,720 | 1,303,460 | N/A | N/A | N/A | N/A | N/A |
42 | Loan | St. Vrain MHC | 279,323 | 649,836 | 6,800 | 0 | 643,036 | 99.3% | 5/1/2018 | TTM 4/30/2018 | 932,077 | 280,982 | 651,096 | 12/31/2017 | 907,468 | 284,777 | 622,691 | 12/31/2016 | 909,037 | 209,613 | 699,424 | N/A |
43 | Loan | Livonia Industrial II | 332,504 | 743,948 | 22,288 | 37,147 | 684,513 | 100.0% | 6/27/2018 | 12/31/2017 | 1,039,413 | 286,888 | 752,525 | 12/31/2016 | 949,369 | 268,216 | 681,153 | 12/31/2015 | 1,016,503 | 246,605 | 769,898 | GST Autoleather Inc |
44 | Loan | Holiday Inn Express - Sandy | 1,750,421 | 903,501 | 106,157 | 0 | 797,344 | 74.2% | TTM 5/31/2018 | TTM 5/31/2018 | 2,653,921 | 1,750,693 | 903,228 | 12/31/2017 | 2,688,118 | 1,762,226 | 925,892 | 12/31/2016 | 2,380,329 | 1,577,615 | 802,714 | N/A |
45 | Loan | LA Fitness - Chandler AZ | 22,155 | 716,337 | 12,000 | 27,480 | 676,858 | 100.0% | 8/1/2018 | TTM 5/31/2018 | 826,980 | 3,600 | 823,380 | 12/31/2017 | 826,980 | 3,600 | 823,380 | 12/31/2016 | 826,980 | 3,600 | 823,380 | LA Fitness |
46 | Loan | Holiday Inn Express - Savannah | 1,518,928 | 880,255 | 95,967 | 0 | 784,287 | 65.3% | TTM 6/30/2018 | TTM 6/30/2018 | 2,399,182 | 1,504,071 | 895,111 | 12/31/2017 | 2,292,415 | 1,430,816 | 861,599 | 12/31/2015 | 2,593,166 | 2,098,939 | 494,227 | N/A |
47 | Loan | Gemstone MHC Portfolio | 278,643 | 596,352 | 13,040 | 0 | 583,312 | 98.9% | 6/19/2018 | TTM 6/30/2018 | 911,078 | 265,892 | 645,186 | 12/31/2016 | 749,586 | 257,424 | 492,163 | N/A | N/A | N/A | N/A | N/A |
47.01 | Property | Harbor’s Edge | 190,429 | 416,214 | 8,200 | 0 | 408,014 | 98.4% | 6/19/2018 | TTM 6/30/2018 | 626,689 | 188,619 | 438,070 | 12/31/2016 | 492,631 | 179,968 | 312,663 | N/A | N/A | N/A | N/A | N/A |
47.02 | Property | Gem Beach Estates | 88,214 | 180,137 | 4,840 | 0 | 175,297 | 100.0% | 6/19/2018 | TTM 6/30/2018 | 284,389 | 77,273 | 207,116 | 12/31/2016 | 256,955 | 77,456 | 179,500 | N/A | N/A | N/A | N/A | N/A |
48 | Loan | Holiday Inn Express & Suites Jackson | 1,127,260 | 908,279 | 81,422 | 0 | 826,858 | 77.3% | 3/31/2018 | TTM 3/31/2018 | 2,035,539 | 1,053,038 | 982,501 | 12/31/2017 | 2,035,393 | 1,049,847 | 985,546 | 12/31/2016 | 1,951,778 | 1,016,859 | 934,919 | N/A |
49 | Loan | 24 Hour Fitness - Mansfield | 263,383 | 807,967 | 8,094 | 26,926 | 772,947 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 24 Hour Fitness USA, Inc. |
50 | Loan | Crossroads Village | 242,030 | 793,137 | 5,794 | 38,629 | 748,713 | 100.0% | 6/1/2018 | TTM 5/31/2018 | 975,188 | 174,177 | 801,011 | 12/31/2017 | 849,055 | 187,485 | 661,570 | 12/31/2016 | 544,746 | 194,017 | 350,729 | Mariscos El Malecon |
51 | Loan | Shorecliff Retail Center | 198,439 | 562,564 | 3,759 | 12,530 | 546,275 | 92.5% | 5/31/2018 | TTM 5/31/2018 | 756,227 | 175,112 | 581,115 | 12/31/2017 | 652,009 | 143,246 | 508,763 | 12/31/2016 | 601,635 | 192,389 | 409,246 | Salvation Army |
52 | Loan | Holiday Inn Express - Port Richey | 1,231,729 | 730,764 | 78,500 | 0 | 652,265 | 66.1% | 7/2/2018 | TTM 5/31/2018 | 1,962,493 | 1,226,820 | 735,673 | 12/31/2017 | 1,902,800 | 1,199,291 | 703,509 | 12/31/2016 | 1,690,830 | 1,130,736 | 560,094 | N/A |
53 | Loan | Liberty Business Park | 141,844 | 625,104 | 8,423 | 33,692 | 582,990 | 100.0% | 6/1/2018 | 12/31/2017 | 680,315 | 131,549 | 548,766 | 12/31/2016 | 696,551 | 137,966 | 558,585 | 12/31/2015 | 659,543 | 126,633 | 532,910 | WorldPac |
54 | Loan | Kensington Office Plaza | 951,437 | 609,245 | 12,893 | 68,764 | 527,588 | 88.9% | 5/23/2018 | TTM 3/31/2018 | 1,406,737 | 994,732 | 412,005 | 12/31/2017 | 1,405,395 | 951,638 | 453,757 | 12/31/2016 | 1,432,233 | 965,783 | 466,450 | Mizkan Americas, Inc. |
55 | Loan | Hempstead Highway Industrial | 195,526 | 517,381 | 13,385 | 40,155 | 463,841 | 100.0% | 6/1/2018 | TTM 3/31/2018 | 733,269 | 215,050 | 518,219 | 12/31/2017 | 732,330 | 200,027 | 532,303 | 12/31/2016 | 676,302 | 203,640 | 472,662 | Andronaco/Flowcor Texas |
56 | Loan | TD Bank Long Island City | 15,360 | 452,644 | 0 | 0 | 452,644 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | TD Bank |
57 | Loan | Walgreens & PDQ Retail Portfolio | 18,041 | 498,799 | 2,807 | 0 | 495,992 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Various |
57.01 | Property | Walgreens Naples | 12,996 | 332,844 | 2,390 | 0 | 330,454 | 100.0% | 8/1/2018 | TTM 5/31/2018 | 345,840 | 0 | 345,840 | 12/31/2017 | 345,840 | 0 | 345,840 | 12/31/2016 | 345,840 | 0 | 345,840 | Walgreens |
57.02 | Property | PDQ Orlando | 5,045 | 165,955 | 418 | 0 | 165,537 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | PDQ |
58 | Loan | 24 Hour Fitness - Cedar Hill | 297,996 | 540,843 | 4,835 | 22,477 | 513,532 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 24 Hour Fitness USA, Inc. |
59 | Loan | Quality Inn - Florissant | 1,151,478 | 579,413 | 69,236 | 0 | 510,177 | 60.2% | TTM 4/30/2018 | TTM 4/30/2018 | 1,730,890 | 1,158,108 | 572,782 | 12/31/2017 | 1,771,445 | 1,170,321 | 601,124 | 12/31/2016 | 1,730,932 | 1,164,587 | 566,345 | N/A |
60 | Loan | Greater American Self Storage | 213,118 | 404,912 | 10,455 | 0 | 394,457 | 96.7% | 2/5/2018 | TTM 4/30/2018 | 550,360 | 207,370 | 342,990 | 12/31/2017 | 498,532 | 210,772 | 287,761 | 12/31/2016 | 417,264 | 208,254 | 209,010 | N/A |
61 | Loan | 2036 TC Jester | 164,436 | 379,741 | 5,542 | 11,133 | 363,067 | 100.0% | 6/1/2018 | TTM 5/31/2018 | 284,989 | 155,362 | 129,627 | 12/31/2017 | 144,563 | 183,314 | -38,751 | 12/31/2016 | 65,876 | 105,435 | -39,559 | King’s Biergarten |
62 | Loan | Zavarella Industrial | 175,101 | 366,162 | 8,765 | 23,120 | 334,278 | 100.0% | 6/30/2018 | 12/31/2017 | 472,692 | 145,512 | 327,180 | 12/31/2016 | 459,045 | 130,113 | 328,932 | 12/31/2015 | 402,706 | 127,636 | 275,070 | Gino’s Awards, Inc. |
63 | Loan | 42 Corporate Park | 181,129 | 295,140 | 3,786 | 18,929 | 272,426 | 100.0% | 6/1/2018 | 12/31/2017 | 440,110 | 179,682 | 260,428 | 12/31/2016 | 357,140 | 168,007 | 189,133 | 12/31/2015 | 412,440 | 170,369 | 242,071 | DKN Hotels, LLC |
64 | Loan | Dollar General Wonder Lake | 2,635 | 85,183 | 1,365 | 0 | 83,818 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | DG - Wonder Lake, IL |
65 | Loan | Dollar General Moscow Mills | 2,596 | 83,930 | 1,365 | 0 | 82,565 | 100.0% | 8/1/2018 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | Dollar General |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date(2) | Second Largest Tenant Name(10)(12)(30) | Second Largest Tenant Sq. Ft. | Second Largest Tenant % of NRA | Second Largest Tenant Exp. Date(2) | Third Largest Tenant Name(10)(12) | Third Largest Tenant Sq. Ft. | Third Largest Tenant % of NRA | Third Largest Tenant Exp. Date(2) | Fourth Largest Tenant Name(10)(12) | Fourth Largest Tenant Sq. Ft. | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Exp. Date(2) | Fifth Largest Tenant Name(10) | Fifth Largest Tenant Sq. Ft. | Fifth Largest Tenant % of NRA |
1 | Loan | Wyvernwood Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2 | Loan | Riverfront Plaza | 238,176 | 25.1% | 6/30/2025 | Branch Banking & Trust Company | 141,167 | 14.9% | 8/31/2025 | Owens & Minor Medical Inc. | 85,746 | 9.0% | 6/30/2028 | ICMA Retirement Corporation | 55,491 | 5.8% | 5/31/2033 | Private Advisors, LLC | 23,626 | 2.5% |
3 | Loan | Riverwalk | 78,410 | 12.4% | 3/1/2019 | Partners Community Healthcare | 48,892 | 7.8% | 11/1/2019 | Home Health VNA | 34,252 | 5.4% | 10/15/2025 | Jaybird & Mais | 33,786 | 5.4% | 12/1/2021 | Select One Construction | 31,000 | 4.9% |
4 | Loan | 139 Ludlow Street | 21,912 | 100.0% | 4/25/2041 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
5 | Loan | Aspect RHG Hotel Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
5.02 | Property | Aloft Hotel Broomfield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
5.03 | Property | Hampton Inn Nashville Smyrna | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
5.04 | Property | Hyatt Place Phoenix North | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
6 | Loan | 20 Times Square | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
7 | Loan | Savi Ranch Center | 50,000 | 31.1% | 6/30/2021 | Bed Bath & Beyond | 43,000 | 26.7% | 1/31/2022 | Michaels | 23,923 | 14.9% | 9/30/2023 | Home Consignment Center | 12,961 | 8.1% | 1/31/2021 | Thomasville Home Furnishings | 12,289 | 7.6% |
8 | Loan | Spotsylvania Crossing | 90,912 | 35.4% | 8/31/2027 | Gabe’s | 56,000 | 21.8% | 8/31/2024 | Value City Furniture | 50,000 | 19.5% | 2/28/2021 | Northern Tool & Equipment | 15,295 | 6.0% | 2/29/2024 | Kool Smiles | 7,100 | 2.8% |
9 | Loan | Copeland Tower & Stadium Place | 50,412 | 23.9% | 10/31/2022 | State of Texas | 46,239 | 21.9% | 9/30/2021 | Northstar Energy Services | 10,858 | 5.1% | 9/30/2020 | Ennova Learning Solutions | 10,838 | 5.1% | 5/31/2022 | RSI International, Inc | 10,379 | 4.9% |
10 | Loan | Somerset Financial Center | 191,000 | 83.0% | 1/31/2030 | Master Lease | 39,000 | 17.0% | 12/31/2021 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
11 | Loan | One Northwestern Plaza | 31,529 | 13.2% | 4/30/2028 | Foster Swift Collins & Smith | 23,381 | 9.8% | 5/31/2027 | America Group | 13,100 | 5.5% | 12/31/2021 | John Hancock | 12,711 | 5.3% | 6/30/2023 | Stifel | 11,130 | 4.7% |
12 | Loan | Holiday Inn & Suites - Chattanooga | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
13 | Loan | Smithridge Plaza | 35,086 | 33.2% | 10/31/2027 | Trader Joe’s Company | 13,442 | 12.7% | 10/31/2022 | Plato’s Closet | 6,448 | 6.1% | 1/31/2024 | Gordon’s Photo Services | 4,800 | 4.5% | 6/30/2019 | Pet Station | 3,080 | 2.9% |
14 | Loan | Miami Airport Industrial Portfolio | 211,852 | 100.0% | 9/30/2029 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
14.01 | Property | Sky Chefs 3500 NW 24th Street | 151,383 | 100.0% | 9/30/2029 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
14.02 | Property | Sky Chefs 3630 NW 25th Street | 60,469 | 100.0% | 9/30/2029 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
15 | Loan | River Place Apartments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
16 | Loan | Conway Commons | 88,248 | 24.5% | 1/31/2024 | T.J. Maxx | 50,000 | 13.9% | 9/30/2019 | Dick’s | 43,466 | 12.1% | 1/31/2027 | Staples | 20,390 | 5.7% | 2/28/2019 | Petsmart | 20,087 | 5.6% |
17 | Loan | Courtyard Marriott New Braunfels | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
18 | Loan | Holiday Inn - Matteson | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
19 | Loan | Canyon & Western Business Park | 5,810 | 1.6% | 8/31/2018 | BOOKER TRANSPORTAION | 5,100 | 1.4% | 11/30/2018 | DOUBLE S AUCTIONS | 4,700 | 1.3% | 2/28/2019 | MANUEL GARCIA | 4,630 | 1.3% | 10/31/2018 | AMERICAN SITE BUILDERS | 4,550 | 1.3% |
20 | Loan | Chatham Glen | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
21 | Loan | Kjellberg MHP | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
22 | Loan | Warner Courtyards | 60,103 | 52.7% | 4/30/2028 | CEC Educational Services | 25,190 | 22.1% | 10/31/2027 | Global Lending Services | 15,749 | 13.8% | 5/31/2023 | Yokowo America Corporation | 3,118 | 2.7% | 5/31/2022 | Craig W. Penrod | 3,059 | 2.7% |
23 | Loan | Windsor Village | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
24 | Loan | Staybridge Suites Austin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
25 | Loan | HMS - WSS Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
25.01 | Property | WoodSpring Suites - Savannah | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
25.02 | Property | WoodSpring Suites - Madison | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
25.03 | Property | Value Place - Huntsville | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
26 | Loan | 160th Street and Prospect Avenue Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
26.01 | Property | 160th Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
26.02 | Property | Prospect Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
27 | Loan | Sunflower MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
28 | Loan | Longview Plaza | 30,000 | 19.6% | 1/31/2020 | TJ Maxx | 30,000 | 19.6% | 4/30/2020 | Bed Bath & Beyond | 24,960 | 16.3% | 1/31/2023 | Office Depot | 23,700 | 15.5% | 3/31/2028 | Michaels | 23,600 | 15.4% |
29 | Loan | Charleston Tower | 57,977 | 65.4% | 8/31/2023 | PHC of Nevada | 9,191 | 10.4% | 5/31/2023 | Perry & Westbrook | 3,103 | 3.5% | 7/31/2021 | Dr. Michel Daccache | 3,092 | 3.5% | 3/31/2029 | PME Medical Services | 2,883 | 3.2% |
30 | Loan | Bank of America Center | 82,573 | 16.5% | 6/30/2022 | DEQ | 82,553 | 16.5% | 4/30/2028 | Virginia Retirement System | 68,356 | 13.6% | 6/30/2024 | Sands Anderson Marks & Miller | 40,223 | 8.0% | 1/31/2024 | McCandlish Holton | 33,822 | 6.7% |
31 | Loan | 175 Park Avenue | 270,000 | 100.0% | 12/31/2029 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
32 | Loan | Manchester Highlands | 217,800 | 61.6% | 8/20/2029 | Best Buy Stores, L.P | 44,852 | 12.7% | 1/31/2024 | Bed Bath & Beyond Inc | 35,000 | 9.9% | 1/31/2019 | Petsmart, Inc | 27,286 | 7.7% | 1/31/2024 | Ulta Salon, Cosmetics & Fragrance, Inc. | 10,172 | 2.9% |
33 | Loan | 11 S. LaSalle Street | 4,270 | 32.7% | 3/31/2028 | Roanoke | 3,875 | 29.7% | 11/30/2030 | 7-Eleven | 2,740 | 21.0% | 12/31/2030 | T-Mobile Central, LLC | 1,277 | 9.8% | 1/31/2019 | N/A | N/A | N/A |
34 | Loan | Pelican Walk | 6,300 | 16.4% | 4/30/2021 | Clearwater Beach Fitness, LLC | 4,983 | 13.0% | 12/31/2018 | Maui Nix, Inc | 3,478 | 9.1% | 3/31/2020 | The Hub & Simms Center | 2,450 | 6.4% | 11/30/2020 | Sharmaine’s Salon and Day Spa | 2,400 | 6.3% |
35 | Loan | 5th Street Station | 121,712 | 26.9% | 11/30/2036 | Field & Stream | 50,302 | 11.1% | 1/31/2027 | Dick’s Sporting Goods, Inc. | 50,019 | 11.1% | 1/31/2029 | Haverty Furniture Companies, Inc. | 34,449 | 7.6% | 10/31/2026 | Alamo Drafthouse Cinema Charlottesville, LLC | 33,765 | 7.5% |
36 | Loan | 7-9 Vreeland Road | 98,246 | 63.0% | 8/31/2021 | Capintec, Inc. | 41,000 | 26.3% | 1/31/2029 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
37 | Loan | Seaside Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
37.01 | Property | River Inn at Seaside | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
37.02 | Property | Inn at Seaside | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
38 | Loan | 14701 Philips Highway | 45,000 | 100.0% | 5/31/2033 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
39 | Loan | Walgreens & Sherwin Williams Plaza | 14,820 | 75.5% | 8/31/2036 | The Sherwin-Williams Company | 4,800 | 24.5% | 5/31/2028 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
40 | Loan | Hampton Inn - Provo | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
42 | Loan | St. Vrain MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
43 | Loan | Livonia Industrial II | 32,444 | 21.8% | 8/31/2022 | Armor-Eckrich Meats | 23,270 | 15.7% | 11/30/2022 | Linecare Inc | 20,772 | 14.0% | 12/31/2020 | Bright House Networks | 19,700 | 13.3% | 7/31/2020 | Batesville Casket Co | 19,600 | 13.2% |
44 | Loan | Holiday Inn Express - Sandy | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
45 | Loan | LA Fitness - Chandler AZ | 60,000 | 100.0% | 6/30/2038 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
46 | Loan | Holiday Inn Express - Savannah | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
47 | Loan | Gemstone MHC Portfolio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
47.01 | Property | Harbor’s Edge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
47.02 | Property | Gem Beach Estates | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
48 | Loan | Holiday Inn Express & Suites Jackson | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
49 | Loan | 24 Hour Fitness - Mansfield | 42,600 | 100.0% | 5/31/2033 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
50 | Loan | Crossroads Village | 7,748 | 20.1% | 6/30/2027 | Al Dente d/b/a Empire Restaurant & Lounge | 5,968 | 15.4% | 7/31/2027 | La Costilla Steak & Ribs | 3,220 | 8.3% | 6/30/2027 | Getaneh Bitew d/b/a Lions Restaurant & Lounge | 3,218 | 8.3% | 6/30/2020 | Odaly’s Bakery | 2,430 | 6.3% |
51 | Loan | Shorecliff Retail Center | 11,633 | 46.4% | 6/30/2024 | Department of General Services | 8,125 | 32.4% | 8/31/2025 | Greater Good Foods, LLC | 1,400 | 5.6% | 4/30/2023 | Zaki Ahmadi | 713 | 2.8% | 8/31/2021 | Women’s Apparel | 670 | 2.7% |
52 | Loan | Holiday Inn Express - Port Richey | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
53 | Loan | Liberty Business Park | 31,924 | 37.9% | 8/31/2019 | The Factory Depot Advantages | 21,445 | 25.5% | 9/30/2019 | Schilling Graphics | 15,864 | 18.8% | 5/31/2022 | Pneumatic Scale Angelus | 14,996 | 17.8% | 11/30/2025 | N/A | N/A | N/A |
54 | Loan | Kensington Office Plaza | 53,995 | 62.8% | 11/30/2028 | First Industrial Realty Trust, Inc. | 7,847 | 9.1% | 5/6/2023 | Riley Construction Company, Inc. | 7,186 | 8.4% | 9/30/2023 | Magnetar Capital | 3,860 | 4.5% | 5/31/2025 | Elite Dental Partners, LLC | 2,548 | 3.0% |
55 | Loan | Hempstead Highway Industrial | 20,000 | 14.9% | 2/28/2020 | Glass Worx of Houston | 15,000 | 11.2% | 1/31/2022 | SPF Events | 10,000 | 7.5% | 12/31/2019 | Veneziano Surface Solutions/GraniteGranite | 9,800 | 7.3% | 10/31/2018 | Core Serv | 8,750 | 6.5% |
56 | Loan | TD Bank Long Island City | 4,800 | 100.0% | 9/30/2032 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
57 | Loan | Walgreens & PDQ Retail Portfolio | Various | 100.0% | Various | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
57.01 | Property | Walgreens Naples | 15,930 | 100.0% | 7/31/2060 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
57.02 | Property | PDQ Orlando | 2,784 | 100.0% | 6/24/2033 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
58 | Loan | 24 Hour Fitness - Cedar Hill | 32,231 | 100.0% | 6/30/2033 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
59 | Loan | Quality Inn - Florissant | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
60 | Loan | Greater American Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
61 | Loan | 2036 TC Jester | 6,090 | 34.1% | 8/31/2027 | iCycle Texas | 5,014 | 28.0% | 12/22/2022 | Tea & Victory | 3,341 | 18.7% | 5/2/2027 | King’s Kolache | 2,164 | 12.1% | 1/1/2028 | Ashleycakes | 1,267 | 7.1% |
62 | Loan | Zavarella Industrial | 37,676 | 64.5% | 5/31/2033 | Famous Enterprises, Inc. | 11,123 | 19.0% | 6/30/2020 | Gino’s Jewelers, Inc. | 4,203 | 7.2% | 8/31/2021 | Complete Appliance Service, Inc. | 3,800 | 6.5% | 3/31/2022 | The PGA of America, Inc., Northern Ohio Section | 1,628 | 2.8% |
63 | Loan | 42 Corporate Park | 9,357 | 49.4% | 2/29/2020 | Aeronet Worldwide Corp. | 5,997 | 31.7% | 11/30/2020 | Murex Environmental, Inc. | 2,238 | 11.8% | 6/30/2020 | KAZ ISO International, Inc. | 1,337 | 7.1% | 9/30/2020 | N/A | N/A | N/A |
64 | Loan | Dollar General Wonder Lake | 9,100 | 100.0% | 7/31/2032 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
65 | Loan | Dollar General Moscow Mills | 9,100 | 100.0% | 2/28/2033 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Fifth Largest Tenant Exp. Date(2) | Engineering Report Date | Environmental Report Date (Phase I)(17)(18) | Environmental Report Date (Phase II)(17)(18) | Seismic Report Date | Seismic PML % | Loan Purpose | Engineering Reserve / Deferred Maintenance | Initial Tax Reserve | Monthly Tax Reserve(24) | Initial Insurance Reserve | Monthly Insurance Reserve(24) | Initial Replacement Reserve | Monthly Replacement Reserve(14)(16)(24) | Replacement Reserve Cap(31) | Initial TI/LC Reserve | Monthly TI/LC Reserve(24)(32) | TI/LC Reserve Cap(24) |
1 | Loan | Wyvernwood Apartments | N/A | 5/29/2018 | 5/30/2018 | N/A | 5/30/2018 | 15.0% | Refinance | 821,100 | 119,873 | 46,105 | 31,333 | N/A | N/A | |||||
2 | Loan | Riverfront Plaza | 2/29/2024 | 2/15/2018 | 2/14/2018 | N/A | N/A | N/A | Refinance | 14,300 | 1,083,451 | 180,575 | 29,174 | 11,873 | N/A | 3,000,000 | N/A | |||
3 | Loan | Riverwalk | 4/30/2033 | 4/26/2018 | 4/26/2018 | N/A | N/A | N/A | Refinance | 270,000 | 270,000 | 2,000,000 | 1,200,000 | |||||||
4 | Loan | 139 Ludlow Street | N/A | 9/11/2017 | 9/11/2017 | N/A | N/A | N/A | Refinance | 23,679 | 23,679 | 18,708 | 2,079 | 274 | N/A | N/A | ||||
5 | Loan | Aspect RHG Hotel Portfolio | N/A | Various | Various | N/A | N/A | N/A | Acquisition | 200,000 | 79,631 | 50,000 | 14,970 | 14,970 | N/A | N/A | ||||
5.01 | Property | Hilton Garden Inn Nashville Smyrna | N/A | 6/25/2018 | 6/22/2018 | N/A | N/A | N/A | ||||||||||||
5.02 | Property | Aloft Hotel Broomfield | N/A | 6/22/2018 | 6/22/2018 | N/A | N/A | N/A | ||||||||||||
5.03 | Property | Hampton Inn Nashville Smyrna | N/A | 6/25/2018 | 6/25/2018 | N/A | N/A | N/A | ||||||||||||
5.04 | Property | Hyatt Place Phoenix North | N/A | 6/25/2018 | 6/22/2018 | N/A | N/A | N/A | ||||||||||||
6 | Loan | 20 Times Square | N/A | 2/8/2018 | 12/12/2017 | N/A | N/A | N/A | Acquisition | N/A | N/A | |||||||||
7 | Loan | Savi Ranch Center | 6/30/2021 | 4/26/2018 | 4/26/2018 | N/A | 4/26/2018 | 11.0% | Acquisition | 450,000 | 158,475 | 34,451 | 11,022 | 4,239 | 2,144 | 160,773 | 12,728 | 350,000 | ||
8 | Loan | Spotsylvania Crossing | 8/31/2023 | 4/27/2018 | 5/15/2018 | N/A | N/A | N/A | Acquisition | 18,125 | 39,850 | 15,327 | 8,752 | 3,366 | 2,140 | 200,000 | 10,698 | N/A | ||
9 | Loan | Copeland Tower & Stadium Place | 9/30/2023 | 6/15/2018 | 6/15/2018 | N/A | N/A | N/A | Refinance | 282,415 | 35,302 | 25,763 | 8,588 | 3,516 | N/A | 800,000 | 17,580 | 1,250,000 | ||
10 | Loan | Somerset Financial Center | N/A | 4/2/2018 | 6/8/2018 | N/A | N/A | N/A | Acquisition | 30,475 | 124,096 | 39,395 | 19,081 | 3,635 | 3,833 | 230,000 | 2,500,000 | N/A | ||
11 | Loan | One Northwestern Plaza | 8/31/2027 | 6/27/2018 | 6/28/2018 | N/A | N/A | N/A | Refinance | 106,027 | 53,013 | 30,875 | 4,411 | 5,000 | N/A | 19,865 | N/A | |||
12 | Loan | Holiday Inn & Suites - Chattanooga | N/A | 6/6/2018 | 6/7/2018 | N/A | N/A | N/A | Refinance | 185,711 | 24,436 | 32,932 | 3,107 | 20,418 | N/A | N/A | ||||
13 | Loan | Smithridge Plaza | 9/30/2021 | 2/26/2018 | 2/26/2018 | N/A | 2/26/2018 | 11.0% | Acquisition | 50,000 | 46,436 | 9,287 | 32,919 | 2,743 | 1,320 | N/A | 8,800 | 316,782 | ||
14 | Loan | Miami Airport Industrial Portfolio | N/A | 5/1/2018 | 5/1/2018 | N/A | N/A | N/A | Acquisition | 5,375 | 140,004 | 17,501 | 1,944 | 1,215 | N/A | 600,000 | N/A | |||
14.01 | Property | Sky Chefs 3500 NW 24th Street | N/A | 5/1/2018 | 5/1/2018 | N/A | N/A | N/A | ||||||||||||
14.02 | Property | Sky Chefs 3630 NW 25th Street | N/A | 5/1/2018 | 5/1/2018 | N/A | N/A | N/A | ||||||||||||
15 | Loan | River Place Apartments | N/A | 6/6/2018 | 6/1/2018 | N/A | N/A | N/A | Refinance | 70,714 | 44,196 | 81,686 | 6,229 | N/A | N/A | |||||
16 | Loan | Conway Commons | 1/31/2020 | 7/9/2018 | 7/9/2018 | N/A | N/A | N/A | Refinance | N/A | 899,987 | |||||||||
17 | Loan | Courtyard Marriott New Braunfels | N/A | 6/4/2018 | 6/1/2018 | N/A | N/A | N/A | Refinance | 185,345 | 23,168 | 28,886 | 5,777 | 4,987 | N/A | N/A | ||||
18 | Loan | Holiday Inn - Matteson | N/A | 7/19/2018 | 3/15/2018 | N/A | N/A | N/A | Refinance | 433,039 | 67,877 | 42,423 | 23,343 | 6,304 | 12,423 | N/A | N/A | |||
19 | Loan | Canyon & Western Business Park | 8/31/2018 | 5/31/2018 | 5/30/2018 | N/A | N/A | N/A | Refinance | 46,763 | 148,483 | 18,560 | 37,783 | 3,890 | 4,489 | 161,593 | 175,000 | 175,000 | ||
20 | Loan | Chatham Glen | N/A | 6/7/2018 | 6/5/2018 | N/A | N/A | N/A | Refinance | 50,600 | 16,867 | 8,391 | 1,049 | 1,917 | N/A | N/A | ||||
21 | Loan | Kjellberg MHP | N/A | 6/13/2018 | 5/22/2018 | N/A | N/A | N/A | Refinance | 3,688 | 22,536 | 5,634 | 12,645 | 1,150 | 1,342 | N/A | N/A | |||
22 | Loan | Warner Courtyards | 6/30/2019 | 4/24/2018 | 5/15/2018 | N/A | N/A | N/A | Acquisition | 158,313 | 91,329 | 19,854 | 4,273 | 1,643 | 85,541 | 342,162 | ||||
23 | Loan | Windsor Village | N/A | 6/19/2018 | 6/19/2018 | N/A | N/A | N/A | Refinance | 298,531 | 53,202 | 6,186 | 42,963 | 11,934 | 9,075 | N/A | N/A | |||
24 | Loan | Staybridge Suites Austin | N/A | 6/12/2018 | 6/12/2018 | N/A | N/A | N/A | Refinance | 178,562 | 25,509 | 7,099 | 3,550 | 3,231 | N/A | N/A | ||||
25 | Loan | HMS - WSS Portfolio | N/A | Various | Various | N/A | N/A | N/A | Refinance | 10,375 | 51,990 | 5,416 | 26,583 | 4,747 | 13,327 | N/A | N/A | |||
25.01 | Property | WoodSpring Suites - Savannah | N/A | 7/9/2018 | 7/2/2018 | N/A | N/A | N/A | ||||||||||||
25.02 | Property | WoodSpring Suites - Madison | N/A | 7/10/2018 | 7/3/2018 | N/A | N/A | N/A | ||||||||||||
25.03 | Property | Value Place - Huntsville | N/A | 7/10/2018 | 7/3/2018 | N/A | N/A | N/A | ||||||||||||
26 | Loan | 160th Street and Prospect Avenue Portfolio | N/A | Various | 6/18/2018 | N/A | N/A | N/A | Refinance | 2,906 | 1,453 | 30,992 | 2,384 | 773 | N/A | N/A | ||||
26.01 | Property | 160th Street | N/A | 6/8/2018 | 6/18/2018 | N/A | N/A | N/A | ||||||||||||
26.02 | Property | Prospect Avenue | N/A | 6/7/2018 | 6/18/2018 | N/A | N/A | N/A | ||||||||||||
27 | Loan | Sunflower MHC | N/A | 3/13/2018 | 3/15/2018 | N/A | N/A | N/A | Refinance | 4,063 | 2,488 | 1,244 | 2,536 | 845 | 792 | N/A | N/A | |||
28 | Loan | Longview Plaza | 2/28/2029 | 5/22/2018 | 5/18/2018 | N/A | N/A | N/A | Refinance | 306,063 | 157,013 | 24,923 | 31,259 | 1,277 | N/A | 600,000 | 12,772 | N/A | ||
29 | Loan | Charleston Tower | 4/30/2023 | 5/9/2018 | 5/9/2018 | N/A | N/A | N/A | Acquisition | 94,500 | 22,917 | 4,912 | 2,014 | 1,259 | 1,478 | N/A | 7,392 | N/A | ||
30 | Loan | Bank of America Center | 4/30/2026 | 5/24/2018 | 6/19/2018 | N/A | N/A | N/A | Refinance | 105,000 | 52,500 | 115,033 | 10,458 | 4,178 | N/A | 1,525,000 | N/A | |||
31 | Loan | 175 Park Avenue | N/A | 4/6/2018 | 4/6/2018 | N/A | N/A | N/A | Refinance | 6,133 | 115,000 | 115,000 | 162,000 | 162,000 | 675,000 | 675,000 | ||||
32 | Loan | Manchester Highlands | 11/30/2018 | 2/16/2018 | 2/14/2018 | N/A | N/A | N/A | Refinance | N/A | N/A | |||||||||
33 | Loan | 11 S. LaSalle Street | N/A | 6/4/2018 | 5/30/2018 | N/A | N/A | N/A | Acquisition | 6,199 | 3,237 | 405 | 218 | 7,837 | 75,000 | 50,000 | ||||
34 | Loan | Pelican Walk | 1/31/2020 | 6/17/2018 | 6/15/2018 | N/A | N/A | N/A | Acquisition | 129,639 | 12,964 | 15,929 | 7,695 | 511 | N/A | 250,000 | 250,000 | |||
35 | Loan | 5th Street Station | 7/31/2032 | 2/22/2018 | 2/23/2018 | N/A | N/A | N/A | Refinance | 76,635 | 76,635 | 84,914 | 7,529 | 271,036 | 22,586 | 813,109 | ||||
36 | Loan | 7-9 Vreeland Road | N/A | 5/31/2018 | 6/11/2018 | N/A | N/A | N/A | Acquisition | 25,488 | 548,300 | N/A | 5,196 | 187,069 | ||||||
37 | Loan | Seaside Portfolio | N/A | 6/6/2018 | Various | N/A | Various | Various | Refinance | 47,942 | 4,794 | 8,842 | 2,210 | 8,729 | N/A | N/A | ||||
37.01 | Property | River Inn at Seaside | N/A | 6/6/2018 | 6/7/2018 | N/A | 6/1/2018 | 2.0% | ||||||||||||
37.02 | Property | Inn at Seaside | N/A | 6/6/2018 | 6/8/2018 | N/A | 6/5/2018 | 3.0% | ||||||||||||
38 | Loan | 14701 Philips Highway | N/A | 5/18/2018 | 5/18/2018 | N/A | N/A | N/A | Acquisition | 3,282 | 1,641 | 67,500 | N/A | 225,000 | N/A | |||||
39 | Loan | Walgreens & Sherwin Williams Plaza | N/A | 6/21/2018 | 6/19/2018 | N/A | N/A | N/A | Refinance | 9,470 | 6,335 | 792 | 82 | 1,962 | N/A | |||||
40 | Loan | Hampton Inn - Provo | N/A | 5/29/2018 | 5/30/2018 | N/A | 5/30/2018 | 5.0% | Acquisition | 12,438 | 39,842 | 4,150 | 5,204 | 2,002 | 10,178 | N/A | N/A | |||
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | N/A | 5/14/2018 | 5/15/2018 | N/A | N/A | N/A | Refinance | 3,750 | 144,466 | 19,655 | 13,130 | 12,504 | 13,359 | N/A | N/A | |||
42 | Loan | St. Vrain MHC | N/A | 5/14/2018 | 5/16/2018 | N/A | N/A | N/A | Refinance | 32,620 | 5,247 | 5,247 | 1,333 | 444 | 567 | N/A | N/A | |||
43 | Loan | Livonia Industrial II | 5/31/2019 | 5/31/2018 | 6/6/2018 | N/A | N/A | N/A | Acquisition | 85,028 | 12,147 | 6,574 | 2,191 | 1,858 | N/A | 3,095 | 200,000 | |||
44 | Loan | Holiday Inn Express - Sandy | N/A | 5/30/2018 | 5/30/2018 | N/A | 5/30/2018 | 5.0% | Acquisition | 22,188 | 58,908 | 6,850 | 2,618 | 1,007 | 8,846 | N/A | N/A | |||
45 | Loan | LA Fitness - Chandler AZ | N/A | 6/19/2018 | 6/19/2018 | N/A | N/A | N/A | Refinance | N/A | 300,000 | N/A | ||||||||
46 | Loan | Holiday Inn Express - Savannah | N/A | 5/15/2018 | 5/17/2018 | N/A | N/A | N/A | Refinance | 27,451 | 8,972 | 14,120 | 5,431 | N/A | N/A | |||||
47 | Loan | Gemstone MHC Portfolio | N/A | Various | Various | N/A | N/A | N/A | Acquisition/Refinance | 4,969 | 10,061 | 4,791 | 4,580 | 2,181 | 1,083 | N/A | N/A | |||
47.01 | Property | Harbor’s Edge | N/A | 6/25/2018 | 6/25/2018 | N/A | N/A | N/A | ||||||||||||
47.02 | Property | Gem Beach Estates | N/A | 6/6/2018 | 6/4/2018 | N/A | N/A | N/A | ||||||||||||
48 | Loan | Holiday Inn Express & Suites Jackson | N/A | 4/18/2018 | 4/4/2018 | N/A | 4/3/2018 | 3.0% | Refinance | 30,028 | 3,754 | 5,114 | 1,705 | 4.0% of actual rents for the prior month | N/A | N/A | ||||
49 | Loan | 24 Hour Fitness - Mansfield | N/A | 4/17/2018 | 4/17/2018 | N/A | N/A | N/A | Acquisition | 15,000 | 112,243 | 14,769 | 7,230 | 951 | 675 | N/A | 1,775 | N/A | ||
50 | Loan | Crossroads Village | 11/30/2021 | 6/7/2018 | 6/7/2018 | N/A | N/A | N/A | Acquisition | 7,800 | 96,000 | 8,000 | 1,608 | 804 | 483 | N/A | 3,219 | N/A | ||
51 | Loan | Shorecliff Retail Center | 10/31/2021 | 5/1/2018 | 5/1/2018 | N/A | 4/30/2018 | 11.0% | Refinance | 14,400 | 12,972 | 1,707 | 13,088 | 314 | N/A | 732 | 80,000 | |||
52 | Loan | Holiday Inn Express - Port Richey | N/A | 5/22/2018 | 5/22/2018 | N/A | N/A | N/A | Refinance | 20,206 | 25,552 | 4,259 | 16,715 | 4,179 | 6,542 | N/A | N/A | |||
53 | Loan | Liberty Business Park | N/A | 5/24/2018 | 5/24/2018 | N/A | 5/24/2018 | 18.0% | Refinance | N/A | N/A | |||||||||
54 | Loan | Kensington Office Plaza | 12/31/2020 | 4/26/2018 | 4/25/2018 | N/A | N/A | N/A | Acquisition | 240,859 | 40,143 | 2,725 | 1,363 | 1,074 | N/A | 5,729 | N/A | |||
55 | Loan | Hempstead Highway Industrial | 11/30/2018 | 5/29/2018 | 5/29/2018 | N/A | N/A | N/A | Acquisition | 72,254 | 9,032 | 20,830 | 1,602 | 1,115 | N/A | 2,789 | 66,925 | |||
56 | Loan | TD Bank Long Island City | N/A | 6/8/2018 | 6/6/2018 | N/A | N/A | N/A | Recapitalization | 6,000 | N/A | N/A | ||||||||
57 | Loan | Walgreens & PDQ Retail Portfolio | N/A | Various | Various | N/A | N/A | N/A | Acquisition | 6,344 | Springing | 3,157 | 1,503 | 312 | N/A | N/A | ||||
57.01 | Property | Walgreens Naples | N/A | 4/3/2018 | 4/3/2018 | N/A | N/A | N/A | ||||||||||||
57.02 | Property | PDQ Orlando | N/A | 6/19/2018 | 3/30/2018 | N/A | N/A | N/A | ||||||||||||
58 | Loan | 24 Hour Fitness - Cedar Hill | N/A | 4/17/2018 | 4/17/2018 | N/A | N/A | N/A | Recapitalization | 147,308 | 19,383 | 5,072 | 667 | 403 | N/A | 1,343 | N/A | |||
59 | Loan | Quality Inn - Florissant | N/A | 5/24/2018 | 5/24/2018 | N/A | N/A | N/A | Refinance | 41,394 | 94,699 | 10,117 | 29,248 | 3,275 | 5,770 | N/A | N/A | |||
60 | Loan | Greater American Self Storage | N/A | 2/22/2018 | 2/22/2018 | N/A | 3/15/2018 | 9.0% | Refinance | 33,908 | 4,844 | 5,065 | 390 | 871 | N/A | N/A | ||||
61 | Loan | 2036 TC Jester | 1/28/2023 | 5/30/2018 | 5/30/2018 | N/A | N/A | N/A | Refinance | 65,742 | 64,576 | 7,509 | 25,128 | 3,306 | 298 | N/A | 100,000 | 100,000 | ||
62 | Loan | Zavarella Industrial | 3/31/2021 | 6/14/2018 | 6/14/2018 | N/A | N/A | N/A | Refinance | 73,255 | 19,938 | 9,969 | 9,754 | 1,626 | 730 | N/A | 2,435 | N/A | ||
63 | Loan | 42 Corporate Park | N/A | 5/24/2018 | 5/24/2018 | N/A | 5/24/2018 | 17.0% | Refinance | N/A | N/A | |||||||||
64 | Loan | Dollar General Wonder Lake | N/A | 8/5/2017 | 8/8/2017 | N/A | N/A | N/A | Acquisition | 4,000 | 333 | N/A | N/A | |||||||
65 | Loan | Dollar General Moscow Mills | N/A | 2/13/2018 | 2/16/2018 | N/A | N/A | N/A | Acquisition | 4,000 | 333 | N/A | N/A |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Other Reserve Reserve Description(4)(13)(15)(25) | Initial Other Reserve(4)(13)(15)(25) | Monthly Other Reserve(15)(25) | Other Reserve Cap(15) | Ownership Interest(7)(8) |
1 | Loan | Wyvernwood Apartments | N/A | N/A | Fee Simple | ||
2 | Loan | Riverfront Plaza | Free Rent Reserve ($55,264); Initial TI/LC Reserve ($7,548,734) | 7,603,998 | N/A | Fee Simple | |
3 | Loan | Riverwalk | Free Rent Reserve | 124,344 | N/A | Fee Simple | |
4 | Loan | 139 Ludlow Street | N/A | N/A | Fee Simple | ||
5 | Loan | Aspect RHG Hotel Portfolio | PIP Reserve ($5,352,135); Liquor License Reserve ($24,000) | 5,376,135 | 24,000 | N/A | Fee Simple |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | Fee Simple | ||||
5.02 | Property | Aloft Hotel Broomfield | Fee Simple | ||||
5.03 | Property | Hampton Inn Nashville Smyrna | Fee Simple | ||||
5.04 | Property | Hyatt Place Phoenix North | Fee Simple | ||||
6 | Loan | 20 Times Square | N/A | N/A | Fee Simple | ||
7 | Loan | Savi Ranch Center | N/A | N/A | Fee Simple | ||
8 | Loan | Spotsylvania Crossing | Unfunded Obligations Funds | 156,255 | N/A | Fee Simple | |
9 | Loan | Copeland Tower & Stadium Place | Ennova TI Reserve: Funds to be released to borrower for amounts paid or incurred in connection with the Ennova TI work. | 58,341 | N/A | Fee Simple | |
10 | Loan | Somerset Financial Center | N/A | N/A | Fee Simple | ||
11 | Loan | One Northwestern Plaza | Outstanding TI / Free Rent | 906,726 | 15,914 | N/A | Fee Simple / Leasehold |
12 | Loan | Holiday Inn & Suites - Chattanooga | Seasonality Reserve ($280,000) | 280,000 | N/A | Fee Simple / Leasehold | |
13 | Loan | Smithridge Plaza | Outstanding TI/LC Reserve | 236,016 | Primary Tenant Reserve Cap $1,213,200 | Fee Simple | |
14 | Loan | Miami Airport Industrial Portfolio | Ground Rent Reserve ($50,000); Sales Tax Reserve ($15,776) | 65,776 | 65,776 | N/A | Leasehold |
14.01 | Property | Sky Chefs 3500 NW 24th Street | Leasehold | ||||
14.02 | Property | Sky Chefs 3630 NW 25th Street | Leasehold | ||||
15 | Loan | River Place Apartments | 2017 RE Tax Account | 498,643 | N/A | Fee Simple | |
16 | Loan | Conway Commons | N/A | N/A | Fee Simple | ||
17 | Loan | Courtyard Marriott New Braunfels | N/A | N/A | Fee Simple | ||
18 | Loan | Holiday Inn - Matteson | PIP Funds | 1,725,000 | N/A | Fee Simple | |
19 | Loan | Canyon & Western Business Park | N/A | N/A | Fee Simple | ||
20 | Loan | Chatham Glen | Property Work Reserve | 300,000 | N/A | Fee Simple | |
21 | Loan | Kjellberg MHP | N/A | N/A | Fee Simple | ||
22 | Loan | Warner Courtyards | Unfunded Tenant Obligations | 398,265 | N/A | Fee Simple | |
23 | Loan | Windsor Village | N/A | N/A | Fee Simple | ||
24 | Loan | Staybridge Suites Austin | N/A | N/A | Fee Simple | ||
25 | Loan | HMS - WSS Portfolio | Replacement Comfort Letter Reserve ($8,000); PIP Funds ($48,906.50) | 56,907 | N/A | Fee Simple | |
25.01 | Property | WoodSpring Suites - Savannah | Fee Simple | ||||
25.02 | Property | WoodSpring Suites - Madison | Fee Simple | ||||
25.03 | Property | Value Place - Huntsville | Fee Simple | ||||
26 | Loan | 160th Street and Prospect Avenue Portfolio | N/A | N/A | Fee Simple | ||
26.01 | Property | 160th Street | Fee Simple | ||||
26.02 | Property | Prospect Avenue | Fee Simple | ||||
27 | Loan | Sunflower MHC | N/A | N/A | Fee Simple | ||
28 | Loan | Longview Plaza | N/A | N/A | Fee Simple | ||
29 | Loan | Charleston Tower | Unfunded Tenant Obligations | 107,700 | 17,953 | N/A | Fee Simple |
30 | Loan | Bank of America Center | Bank of America Reserve (Upfront: $4,091,878); Specified Tenant Free Rent Reserve (Upfront: $850,305); Specified Tenant Leasing Commissions Reserve (Upfront: $305,413); Specified Tenant TI Allowance Reserve (Upfront: $843,187) | 6,090,783 | N/A | Fee Simple | |
31 | Loan | 175 Park Avenue | Rent Abatement Reserve (Upfront: $1,788,075) | 1,788,075 | N/A | Fee Simple | |
32 | Loan | Manchester Highlands | N/A | N/A | Fee Simple | ||
33 | Loan | 11 S. LaSalle Street | N/A | N/A | Fee Simple | ||
34 | Loan | Pelican Walk | N/A | N/A | Fee Simple | ||
35 | Loan | 5th Street Station | Rent Concession Reserve ($510,771.69); Unfunded Obligations Reserve ($633,525.71); Holdback Reserve Fund ($7,500,000) | 8,644,297 | N/A | Fee Simple | |
36 | Loan | 7-9 Vreeland Road | Approved Leasing Expenses | 491,230 | N/A | Fee Simple | |
37 | Loan | Seaside Portfolio | Seasonality Reserve | 380,000 | N/A | Fee Simple | |
37.01 | Property | River Inn at Seaside | Fee Simple | ||||
37.02 | Property | Inn at Seaside | Fee Simple | ||||
38 | Loan | 14701 Philips Highway | N/A | N/A | Fee Simple | ||
39 | Loan | Walgreens & Sherwin Williams Plaza | N/A | N/A | Fee Simple | ||
40 | Loan | Hampton Inn - Provo | Initial PIP Reserve | 920,000 | 16,000 | N/A | Fee Simple |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | N/A | 24,952 | N/A | Fee Simple | |
42 | Loan | St. Vrain MHC | N/A | N/A | Fee Simple | ||
43 | Loan | Livonia Industrial II | N/A | N/A | Fee Simple | ||
44 | Loan | Holiday Inn Express - Sandy | Initial PIP Reserve ($1,550,000); Seasonality Reserve ($45,000) | 1,595,000 | 15,000 | N/A | Fee Simple |
45 | Loan | LA Fitness - Chandler AZ | N/A | N/A | Fee Simple | ||
46 | Loan | Holiday Inn Express - Savannah | N/A | 12,500 | N/A | Fee Simple | |
47 | Loan | Gemstone MHC Portfolio | Prepaid Rents Reserve | 276,787 | N/A | Fee Simple | |
47.01 | Property | Harbor’s Edge | Fee Simple | ||||
47.02 | Property | Gem Beach Estates | Fee Simple | ||||
48 | Loan | Holiday Inn Express & Suites Jackson | PIP Reserve ($800,000); Seasonal Reserve ($48,568.17) | 848,568 | N/A | Fee Simple | |
49 | Loan | 24 Hour Fitness - Mansfield | Pool Restoration Reserve | 25,000 | N/A | Fee Simple | |
50 | Loan | Crossroads Village | N/A | N/A | Fee Simple | ||
51 | Loan | Shorecliff Retail Center | N/A | Unfunded Obligations Funds ($125,000) | Fee Simple | ||
52 | Loan | Holiday Inn Express - Port Richey | PIP Reserve ($1,396,747); Seasonality Reserve ($35,000) | 1,431,747 | Seasonality Reserve ($70,000) | Fee Simple | |
53 | Loan | Liberty Business Park | Free Rent Reserve: $59,984; Pneumatic TI Reserve: $147,000 | 206,984 | N/A | Fee Simple | |
54 | Loan | Kensington Office Plaza | Free Rent Reserve | 661,270 | N/A | Fee Simple | |
55 | Loan | Hempstead Highway Industrial | N/A | N/A | Fee Simple | ||
56 | Loan | TD Bank Long Island City | N/A | N/A | Fee Simple | ||
57 | Loan | Walgreens & PDQ Retail Portfolio | N/A | N/A | Fee Simple | ||
57.01 | Property | Walgreens Naples | Fee Simple | ||||
57.02 | Property | PDQ Orlando | Fee Simple | ||||
58 | Loan | 24 Hour Fitness - Cedar Hill | N/A | N/A | Fee Simple | ||
59 | Loan | Quality Inn - Florissant | Comfort Letter Reserve Funds | 2,000 | N/A | Fee Simple | |
60 | Loan | Greater American Self Storage | N/A | N/A | Fee Simple | ||
61 | Loan | 2036 TC Jester | Egghaus Reserve Funds | 100,000 | N/A | Fee Simple | |
62 | Loan | Zavarella Industrial | N/A | N/A | Fee Simple | ||
63 | Loan | 42 Corporate Park | N/A | N/A | Fee Simple | ||
64 | Loan | Dollar General Wonder Lake | N/A | N/A | Fee Simple | ||
65 | Loan | Dollar General Moscow Mills | N/A | N/A | Fee Simple |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Ground Lease Initial Expiration Date(8) | Ground Lease Extension Options(8) | Lockbox | Cash Management(26) | Cut-off Date Pari Passu Mortgage Debt Balance | Cut-off Date Subord. Mortgage Debt Balance | Total Mortgage Debt Cut-off Date LTV Ratio(13) | Total Mortgage Debt UW NCF DSCR | Total Mortgage Debt UW NOI Debt Yield | Cut-off Date Mezzanine Debt Balance(19) | Total Debt Cut-off Date LTV Ratio | Total Debt UW NCF DSCR(22)(23) | Total Debt UW NOI Debt Yield | Future Secured Subordinate Debt (Y/N) | Conditions for Future Secured Subordinate Debt |
1 | Loan | Wyvernwood Apartments | N/A | N/A | Soft | Springing | 28,000,000 | N/A | N/A | N/A | N/A | 77,000,000 | 75.6% | 1.27 | 6.9% | No | N/A |
2 | Loan | Riverfront Plaza | N/A | N/A | Hard | In Place | 95,735,492 | N/A | N/A | N/A | N/A | 24,931,118 | 84.9% | 1.13 | 8.5% | No | N/A |
3 | Loan | Riverwalk | N/A | N/A | Springing | Springing | 35,700,000 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
4 | Loan | 139 Ludlow Street | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
5 | Loan | Aspect RHG Hotel Portfolio | N/A | N/A | Hard | Springing | 12,700,000 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | N/A | N/A | |||||||||||||
5.02 | Property | Aloft Hotel Broomfield | N/A | N/A | |||||||||||||
5.03 | Property | Hampton Inn Nashville Smyrna | N/A | N/A | |||||||||||||
5.04 | Property | Hyatt Place Phoenix North | N/A | N/A | |||||||||||||
6 | Loan | 20 Times Square | N/A | N/A | Hard | In Place | 240,000,000 | 485,000,000 | 45.8% | 1.29 | 4.1% | 150,000,000 | 55.0% | 0.97 | 3.4% | No | N/A |
7 | Loan | Savi Ranch Center | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
8 | Loan | Spotsylvania Crossing | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
9 | Loan | Copeland Tower & Stadium Place | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
10 | Loan | Somerset Financial Center | N/A | N/A | Hard | Springing | 24,000,000 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
11 | Loan | One Northwestern Plaza | 6/30/2089 | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
12 | Loan | Holiday Inn & Suites - Chattanooga | 3/19/2064 | Two, 50 year terms | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
13 | Loan | Smithridge Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
14 | Loan | Miami Airport Industrial Portfolio | 6/7/2117 | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
14.01 | Property | Sky Chefs 3500 NW 24th Street | 6/7/2117 | N/A | |||||||||||||
14.02 | Property | Sky Chefs 3630 NW 25th Street | 6/7/2117 | N/A | |||||||||||||
15 | Loan | River Place Apartments | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
16 | Loan | Conway Commons | N/A | N/A | Springing | Springing | 32,250,000 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
17 | Loan | Courtyard Marriott New Braunfels | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
18 | Loan | Holiday Inn - Matteson | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
19 | Loan | Canyon & Western Business Park | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
20 | Loan | Chatham Glen | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
21 | Loan | Kjellberg MHP | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
22 | Loan | Warner Courtyards | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
23 | Loan | Windsor Village | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
24 | Loan | Staybridge Suites Austin | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
25 | Loan | HMS - WSS Portfolio | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
25.01 | Property | WoodSpring Suites - Savannah | N/A | N/A | |||||||||||||
25.02 | Property | WoodSpring Suites - Madison | N/A | N/A | |||||||||||||
25.03 | Property | Value Place - Huntsville | N/A | N/A | |||||||||||||
26 | Loan | 160th Street and Prospect Avenue Portfolio | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
26.01 | Property | 160th Street | N/A | N/A | |||||||||||||
26.02 | Property | Prospect Avenue | N/A | N/A | |||||||||||||
27 | Loan | Sunflower MHC | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
28 | Loan | Longview Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
29 | Loan | Charleston Tower | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
30 | Loan | Bank of America Center | N/A | N/A | Hard | In Place | 50,500,000 | N/A | N/A | N/A | N/A | 23,500,000 | 74.9% | 1.13 | 8.4% | No | N/A |
31 | Loan | 175 Park Avenue | N/A | N/A | Hard | In Place | 75,000,000 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
32 | Loan | Manchester Highlands | N/A | N/A | Springing | Springing | 25,000,000 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
33 | Loan | 11 S. LaSalle Street | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
34 | Loan | Pelican Walk | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
35 | Loan | 5th Street Station | N/A | N/A | Hard | Springing | 36,000,000 | 38,300,000 | 52.3% | 1.63 | 9.7% | 21,700,000 | 67.3% | 1.01 | 7.5% | No | N/A |
36 | Loan | 7-9 Vreeland Road | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
37 | Loan | Seaside Portfolio | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
37.01 | Property | River Inn at Seaside | N/A | N/A | |||||||||||||
37.02 | Property | Inn at Seaside | N/A | N/A | |||||||||||||
38 | Loan | 14701 Philips Highway | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
39 | Loan | Walgreens & Sherwin Williams Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
40 | Loan | Hampton Inn - Provo | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
42 | Loan | St. Vrain MHC | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
43 | Loan | Livonia Industrial II | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
44 | Loan | Holiday Inn Express - Sandy | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
45 | Loan | LA Fitness - Chandler AZ | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
46 | Loan | Holiday Inn Express - Savannah | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
47 | Loan | Gemstone MHC Portfolio | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
47.01 | Property | Harbor’s Edge | N/A | N/A | |||||||||||||
47.02 | Property | Gem Beach Estates | N/A | N/A | |||||||||||||
48 | Loan | Holiday Inn Express & Suites Jackson | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
49 | Loan | 24 Hour Fitness - Mansfield | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
50 | Loan | Crossroads Village | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
51 | Loan | Shorecliff Retail Center | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
52 | Loan | Holiday Inn Express - Port Richey | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
53 | Loan | Liberty Business Park | N/A | N/A | Soft, Springing Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
54 | Loan | Kensington Office Plaza | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
55 | Loan | Hempstead Highway Industrial | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
56 | Loan | TD Bank Long Island City | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
57 | Loan | Walgreens & PDQ Retail Portfolio | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
57.01 | Property | Walgreens Naples | N/A | N/A | |||||||||||||
57.02 | Property | PDQ Orlando | N/A | N/A | |||||||||||||
58 | Loan | 24 Hour Fitness - Cedar Hill | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
59 | Loan | Quality Inn - Florissant | N/A | N/A | Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
60 | Loan | Greater American Self Storage | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
61 | Loan | 2036 TC Jester | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
62 | Loan | Zavarella Industrial | N/A | N/A | Springing | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
63 | Loan | 42 Corporate Park | N/A | N/A | Soft, Springing Hard | Springing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
64 | Loan | Dollar General Wonder Lake | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
65 | Loan | Dollar General Moscow Mills | N/A | N/A | Hard | In Place | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | No | N/A |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Lender Consent Required for Future Secured Subordinate Debt (Y/N) | Future Mezzanine Debt Permitted (Y/N)(19) | Conditions for Future Mezzanine Debt(19) |
1 | Loan | Wyvernwood Apartments | N/A | No | N/A |
2 | Loan | Riverfront Plaza | N/A | No | N/A |
3 | Loan | Riverwalk | N/A | No | N/A |
4 | Loan | 139 Ludlow Street | N/A | No | N/A |
5 | Loan | Aspect RHG Hotel Portfolio | N/A | No | N/A |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | |||
5.02 | Property | Aloft Hotel Broomfield | |||
5.03 | Property | Hampton Inn Nashville Smyrna | |||
5.04 | Property | Hyatt Place Phoenix North | |||
6 | Loan | 20 Times Square | N/A | No | N/A |
7 | Loan | Savi Ranch Center | N/A | No | N/A |
8 | Loan | Spotsylvania Crossing | N/A | No | N/A |
9 | Loan | Copeland Tower & Stadium Place | N/A | No | N/A |
10 | Loan | Somerset Financial Center | N/A | No | N/A |
11 | Loan | One Northwestern Plaza | N/A | Yes | (i) no Event of Default; (ii) DSCR greater or equal to 1.15x; (iii) LTV equal to or less than 85.0%. |
12 | Loan | Holiday Inn & Suites - Chattanooga | N/A | No | N/A |
13 | Loan | Smithridge Plaza | N/A | Yes | Future Mezzanine Debt is permitted provided that (i) Lender approves all of the terms of the mezzanine financing and all mezzanine loan documents, (ii) the maturity date of the mezzanine loan will not be earlier than the mortgage loan maturity date, (iii) mortgage loan lender and mezzanine loan lender enter into a customary intercreditor agreement, (iv) total debt LTV does not exceed 80.0% and (v) total debt DSCR is not less than 1.30x. |
14 | Loan | Miami Airport Industrial Portfolio | N/A | No | N/A |
14.01 | Property | Sky Chefs 3500 NW 24th Street | |||
14.02 | Property | Sky Chefs 3630 NW 25th Street | |||
15 | Loan | River Place Apartments | N/A | No | N/A |
16 | Loan | Conway Commons | N/A | No | N/A |
17 | Loan | Courtyard Marriott New Braunfels | N/A | No | N/A |
18 | Loan | Holiday Inn - Matteson | N/A | No | N/A |
19 | Loan | Canyon & Western Business Park | N/A | Yes | Future mezzanine debt is permitted, provided, among other things in the loan documents, that (i) no event of default has occurred or is continuing; (ii) the combined LTV does not exceed 70.0%; and (iii) the lender receives a rating agency comfort letter |
20 | Loan | Chatham Glen | N/A | No | N/A |
21 | Loan | Kjellberg MHP | N/A | No | N/A |
22 | Loan | Warner Courtyards | N/A | No | N/A |
23 | Loan | Windsor Village | N/A | No | N/A |
24 | Loan | Staybridge Suites Austin | N/A | No | N/A |
25 | Loan | HMS - WSS Portfolio | N/A | No | N/A |
25.01 | Property | WoodSpring Suites - Savannah | |||
25.02 | Property | WoodSpring Suites - Madison | |||
25.03 | Property | Value Place - Huntsville | |||
26 | Loan | 160th Street and Prospect Avenue Portfolio | N/A | No | N/A |
26.01 | Property | 160th Street | |||
26.02 | Property | Prospect Avenue | |||
27 | Loan | Sunflower MHC | N/A | No | N/A |
28 | Loan | Longview Plaza | N/A | No | N/A |
29 | Loan | Charleston Tower | N/A | No | N/A |
30 | Loan | Bank of America Center | N/A | No | N/A |
31 | Loan | 175 Park Avenue | N/A | No | N/A |
32 | Loan | Manchester Highlands | N/A | No | N/A |
33 | Loan | 11 S. LaSalle Street | N/A | No | N/A |
34 | Loan | Pelican Walk | N/A | No | N/A |
35 | Loan | 5th Street Station | N/A | No | N/A |
36 | Loan | 7-9 Vreeland Road | N/A | No | N/A |
37 | Loan | Seaside Portfolio | N/A | No | N/A |
37.01 | Property | River Inn at Seaside | |||
37.02 | Property | Inn at Seaside | |||
38 | Loan | 14701 Philips Highway | N/A | No | N/A |
39 | Loan | Walgreens & Sherwin Williams Plaza | N/A | No | N/A |
40 | Loan | Hampton Inn - Provo | N/A | No | N/A |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | N/A | No | N/A |
42 | Loan | St. Vrain MHC | N/A | No | N/A |
43 | Loan | Livonia Industrial II | N/A | No | N/A |
44 | Loan | Holiday Inn Express - Sandy | N/A | No | N/A |
45 | Loan | LA Fitness - Chandler AZ | N/A | No | N/A |
46 | Loan | Holiday Inn Express - Savannah | N/A | No | N/A |
47 | Loan | Gemstone MHC Portfolio | N/A | No | N/A |
47.01 | Property | Harbor’s Edge | |||
47.02 | Property | Gem Beach Estates | |||
48 | Loan | Holiday Inn Express & Suites Jackson | N/A | No | N/A |
49 | Loan | 24 Hour Fitness - Mansfield | N/A | No | N/A |
50 | Loan | Crossroads Village | N/A | No | N/A |
51 | Loan | Shorecliff Retail Center | N/A | No | N/A |
52 | Loan | Holiday Inn Express - Port Richey | N/A | No | N/A |
53 | Loan | Liberty Business Park | N/A | No | N/A |
54 | Loan | Kensington Office Plaza | N/A | No | N/A |
55 | Loan | Hempstead Highway Industrial | N/A | No | N/A |
56 | Loan | TD Bank Long Island City | N/A | No | N/A |
57 | Loan | Walgreens & PDQ Retail Portfolio | N/A | No | N/A |
57.01 | Property | Walgreens Naples | |||
57.02 | Property | PDQ Orlando | |||
58 | Loan | 24 Hour Fitness - Cedar Hill | N/A | No | N/A |
59 | Loan | Quality Inn - Florissant | N/A | No | N/A |
60 | Loan | Greater American Self Storage | N/A | No | N/A |
61 | Loan | 2036 TC Jester | N/A | No | N/A |
62 | Loan | Zavarella Industrial | N/A | No | N/A |
63 | Loan | 42 Corporate Park | N/A | No | N/A |
64 | Loan | Dollar General Wonder Lake | N/A | Yes | (i) no Event of Default; (ii) DSCR greater or equal to 1.20x; (iii) LTV equal to or less than 85.0%. |
65 | Loan | Dollar General Moscow Mills | N/A | Yes | (i) no Event of Default; (ii) DSCR greater or equal to 1.20x; (iii) LTV equal to or less than 85.0%. |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Lender Consent Required for Future Mezzanine Debt (Y/N)(19) | Future Unsecured Debt Permitted (Y/N) | Conditions for Future Unsecured Debt | Lender Consent Required for Future Unsecured Debt (Y/N) | Sponsor(20) |
1 | Loan | Wyvernwood Apartments | N/A | No | N/A | N/A | Mark Sanders |
2 | Loan | Riverfront Plaza | N/A | No | N/A | N/A | Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz |
3 | Loan | Riverwalk | N/A | No | N/A | N/A | Salvatore N. Lupoli |
4 | Loan | 139 Ludlow Street | N/A | No | N/A | N/A | US AcquireCo, Inc.; Alf Naman; William Schaffel; Alexander Schaffel; Trevor Stahelski |
5 | Loan | Aspect RHG Hotel Portfolio | N/A | No | N/A | N/A | RHG Invest Co. LLC; Benjamin N. Seidel |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | |||||
5.02 | Property | Aloft Hotel Broomfield | |||||
5.03 | Property | Hampton Inn Nashville Smyrna | |||||
5.04 | Property | Hyatt Place Phoenix North | |||||
6 | Loan | 20 Times Square | N/A | No | N/A | N/A | Mark Siffin |
7 | Loan | Savi Ranch Center | N/A | No | N/A | N/A | Bac Dai Tran; Oanh Kim Tran |
8 | Loan | Spotsylvania Crossing | N/A | No | N/A | N/A | Robert P. Chesson |
9 | Loan | Copeland Tower & Stadium Place | N/A | No | N/A | N/A | Charles Aque |
10 | Loan | Somerset Financial Center | N/A | No | N/A | N/A | Aryeh Z. Ginzberg aka Ari Zev Ginzberg; Harvey Rosenblatt; Leibel Lederman; Azag LLC; CLL LLC; David Sutton |
11 | Loan | One Northwestern Plaza | Yes | No | N/A | N/A | Gabriel Schuchman; Michael Schuchman |
12 | Loan | Holiday Inn & Suites - Chattanooga | N/A | No | N/A | N/A | Chandrakant Amin; Bhupendra Bhagat |
13 | Loan | Smithridge Plaza | Yes | No | N/A | N/A | Wayne Cheng; The Cheng Family Trust u/t/d December 21, 2001 |
14 | Loan | Miami Airport Industrial Portfolio | N/A | No | N/A | N/A | SD US Holdings LLC |
14.01 | Property | Sky Chefs 3500 NW 24th Street | |||||
14.02 | Property | Sky Chefs 3630 NW 25th Street | |||||
15 | Loan | River Place Apartments | N/A | No | N/A | N/A | Matthew B. Lester |
16 | Loan | Conway Commons | N/A | No | N/A | N/A | E. Stanley Kroenke |
17 | Loan | Courtyard Marriott New Braunfels | N/A | No | N/A | N/A | Thomas E. Kirkland; R. Hunter Goodwin; Casey M. Oldham |
18 | Loan | Holiday Inn - Matteson | N/A | No | N/A | N/A | Deepak Shah |
19 | Loan | Canyon & Western Business Park | Yes | No | N/A | N/A | Jay Schuminsky |
20 | Loan | Chatham Glen | N/A | No | N/A | N/A | David M. Conwill; Steven B. Kimmelman; Leslie Leohr |
21 | Loan | Kjellberg MHP | N/A | No | N/A | N/A | Kent M. Kjellberg |
22 | Loan | Warner Courtyards | N/A | No | N/A | N/A | R. Craig Hannay Trust dated September 13, 2001, as amended, by and through its trustee, R. Craig Hannay; R. Craig Hannay |
23 | Loan | Windsor Village | N/A | No | N/A | N/A | Adrian Haas; Michael Haas |
24 | Loan | Staybridge Suites Austin | N/A | No | N/A | N/A | Esmaeile Mianabi; Saeed A. Minhas |
25 | Loan | HMS - WSS Portfolio | N/A | No | N/A | N/A | Tracy Fleenor; Philip A. Cox |
25.01 | Property | WoodSpring Suites - Savannah | |||||
25.02 | Property | WoodSpring Suites - Madison | |||||
25.03 | Property | Value Place - Huntsville | |||||
26 | Loan | 160th Street and Prospect Avenue Portfolio | N/A | No | N/A | N/A | Ayush Kapahi; Michael Froning |
26.01 | Property | 160th Street | |||||
26.02 | Property | Prospect Avenue | |||||
27 | Loan | Sunflower MHC | N/A | No | N/A | N/A | Matthew N. Follett |
28 | Loan | Longview Plaza | N/A | No | N/A | N/A | William A. Morris |
29 | Loan | Charleston Tower | N/A | No | N/A | N/A | Gilbert C. Barbieri |
30 | Loan | Bank of America Center | N/A | No | N/A | N/A | Gerard Alexander Sponsor LLC |
31 | Loan | 175 Park Avenue | N/A | No | N/A | N/A | Hampshire Partners Fund VIII, L.P. |
32 | Loan | Manchester Highlands | N/A | No | N/A | N/A | E. Stanley Kroenke |
33 | Loan | 11 S. LaSalle Street | N/A | No | N/A | N/A | Paragon Real Estate Fund, LLC |
34 | Loan | Pelican Walk | N/A | No | N/A | N/A | Anthony Caruso |
35 | Loan | 5th Street Station | N/A | No | N/A | N/A | Stephen J. Collins; Brent Scarbrough |
36 | Loan | 7-9 Vreeland Road | N/A | No | N/A | N/A | Benjamin B. Rubin; Samuel I. Kirschenbaum |
37 | Loan | Seaside Portfolio | N/A | No | N/A | N/A | Dulal Mostafa; Moududur Rahman; Masudur R. Khan |
37.01 | Property | River Inn at Seaside | |||||
37.02 | Property | Inn at Seaside | |||||
38 | Loan | 14701 Philips Highway | N/A | No | N/A | N/A | CS1031 Jacksonville FL HQ Master Lessee, LLC; Louis J. Rogers |
39 | Loan | Walgreens & Sherwin Williams Plaza | N/A | No | N/A | N/A | Arizona Lipnob Estates LLC |
40 | Loan | Hampton Inn - Provo | N/A | No | N/A | N/A | Girish Patel |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | N/A | No | N/A | N/A | Moiz Bhamani; Harwinder Kang; Moiz Bhamani Family Wealth Trust; Harwinder Kang Family Wealth Trust |
42 | Loan | St. Vrain MHC | N/A | No | N/A | N/A | Matthew N. Follett |
43 | Loan | Livonia Industrial II | N/A | No | N/A | N/A | William Zabala |
44 | Loan | Holiday Inn Express - Sandy | N/A | No | N/A | N/A | Girish Patel |
45 | Loan | LA Fitness - Chandler AZ | N/A | No | N/A | N/A | Carl J. Greenwood; James F. McKenzie; Carl J. Greenwood, as trustee of The Greenwood Family Trust dated October 16, 1985; James F. McKenzie, as trustee of the McKenzie Living Trust dated December 16, 2009 |
46 | Loan | Holiday Inn Express - Savannah | N/A | No | N/A | N/A | Mehul B. Patel; Bharat M. Patel; Mayur Patel |
47 | Loan | Gemstone MHC Portfolio | N/A | No | N/A | N/A | David Matthew Ruby |
47.01 | Property | Harbor’s Edge | |||||
47.02 | Property | Gem Beach Estates | |||||
48 | Loan | Holiday Inn Express & Suites Jackson | N/A | No | N/A | N/A | Atul N. Patel; Manisha A. Patel |
49 | Loan | 24 Hour Fitness - Mansfield | N/A | No | N/A | N/A | Platform Investments, LLC |
50 | Loan | Crossroads Village | N/A | No | N/A | N/A | Eden Tekie; Rutta Tekie |
51 | Loan | Shorecliff Retail Center | N/A | No | N/A | N/A | Simon Zhang |
52 | Loan | Holiday Inn Express - Port Richey | N/A | No | N/A | N/A | Nagender Reddy; Geetha R. Kuchakulla |
53 | Loan | Liberty Business Park | N/A | No | N/A | N/A | Peter Snowden; Kevin S. Pitts |
54 | Loan | Kensington Office Plaza | N/A | No | N/A | N/A | Ilya Spivak; Vladimir Budker |
55 | Loan | Hempstead Highway Industrial | N/A | No | N/A | N/A | Brennan Investment Group |
56 | Loan | TD Bank Long Island City | N/A | No | N/A | N/A | George Fina |
57 | Loan | Walgreens & PDQ Retail Portfolio | N/A | No | N/A | N/A | Emilia Karsh |
57.01 | Property | Walgreens Naples | |||||
57.02 | Property | PDQ Orlando | |||||
58 | Loan | 24 Hour Fitness - Cedar Hill | N/A | No | N/A | N/A | Platform Investments, LLC |
59 | Loan | Quality Inn - Florissant | N/A | No | N/A | N/A | Avinash Peddi; Akkina Narayana Murthy; Sreemanth Chowdary Gollamudi |
60 | Loan | Greater American Self Storage | N/A | No | N/A | N/A | Matthew N. Follett |
61 | Loan | 2036 TC Jester | N/A | No | N/A | N/A | Neil P. Martin; Michael W. Sperandio; Matthew T. Donowho |
62 | Loan | Zavarella Industrial | N/A | No | N/A | N/A | Gino Zavarella; Gino Zavarella |
63 | Loan | 42 Corporate Park | N/A | No | N/A | N/A | Peter Snowden; Kevin S. Pitts |
64 | Loan | Dollar General Wonder Lake | Yes | No | N/A | N/A | Ladder Capital CRE Equity LLC |
65 | Loan | Dollar General Moscow Mills | Yes | No | N/A | N/A | Ladder Capital CRE Equity LLC |
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED
Mortgage Loan Number | Property Flag | Property Name | Guarantor | Affiliated Sponsors |
1 | Loan | Wyvernwood Apartments | Mark Sanders | No |
2 | Loan | Riverfront Plaza | Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz | No |
3 | Loan | Riverwalk | Salvatore N. Lupoli | No |
4 | Loan | 139 Ludlow Street | US AcquireCo, Inc.; Alf Naman; William Schaffel; Alexander Schaffel; Trevor Stahelski | No |
5 | Loan | Aspect RHG Hotel Portfolio | RHG Invest Co. LLC; Benjamin N. Seidel | No |
5.01 | Property | Hilton Garden Inn Nashville Smyrna | ||
5.02 | Property | Aloft Hotel Broomfield | ||
5.03 | Property | Hampton Inn Nashville Smyrna | ||
5.04 | Property | Hyatt Place Phoenix North | ||
6 | Loan | 20 Times Square | Mark Siffin | No |
7 | Loan | Savi Ranch Center | Bac Dai Tran; Oanh Kim Tran | No |
8 | Loan | Spotsylvania Crossing | Robert P. Chesson | No |
9 | Loan | Copeland Tower & Stadium Place | Charles Aque | No |
10 | Loan | Somerset Financial Center | Aryeh Z. Ginzberg aka Ari Zev Ginzberg; Harvey Rosenblatt; Leibel Lederman; Azag LLC; CLL LLC; David Sutton | No |
11 | Loan | One Northwestern Plaza | Gabriel Schuchman; Michael Schuchman | Group 3 |
12 | Loan | Holiday Inn & Suites - Chattanooga | Chandrakant Amin; Bhupendra Bhagat | No |
13 | Loan | Smithridge Plaza | Wayne Cheng; The Cheng Family Trust u/t/d December 21, 2001 | No |
14 | Loan | Miami Airport Industrial Portfolio | SD US Holdings LLC | No |
14.01 | Property | Sky Chefs 3500 NW 24th Street | ||
14.02 | Property | Sky Chefs 3630 NW 25th Street | ||
15 | Loan | River Place Apartments | Matthew B. Lester | No |
16 | Loan | Conway Commons | E. Stanley Kroenke | Group 1 |
17 | Loan | Courtyard Marriott New Braunfels | Thomas E. Kirkland; R. Hunter Goodwin; Casey M. Oldham | No |
18 | Loan | Holiday Inn - Matteson | Deepak Shah | No |
19 | Loan | Canyon & Western Business Park | Jay Schuminsky | No |
20 | Loan | Chatham Glen | David M. Conwill; Steven B. Kimmelman; Leslie Leohr | No |
21 | Loan | Kjellberg MHP | Kent M. Kjellberg | No |
22 | Loan | Warner Courtyards | R. Craig Hannay Trust dated September 13, 2001, as amended, by and through its trustee, R. Craig Hannay; R. Craig Hannay | No |
23 | Loan | Windsor Village | Adrian Haas; Michael Haas | No |
24 | Loan | Staybridge Suites Austin | Esmaeile Mianabi; Saeed A. Minhas | No |
25 | Loan | HMS - WSS Portfolio | Tracy Fleenor; Philip A. Cox | No |
25.01 | Property | WoodSpring Suites - Savannah | ||
25.02 | Property | WoodSpring Suites - Madison | ||
25.03 | Property | Value Place - Huntsville | ||
26 | Loan | 160th Street and Prospect Avenue Portfolio | Ayush Kapahi; Michael Froning | No |
26.01 | Property | 160th Street | ||
26.02 | Property | Prospect Avenue | ||
27 | Loan | Sunflower MHC | Matthew N. Follett | Group 2 |
28 | Loan | Longview Plaza | William A. Morris | No |
29 | Loan | Charleston Tower | Gilbert C. Barbieri | No |
30 | Loan | Bank of America Center | Gerard Alexander Sponsor LLC | No |
31 | Loan | 175 Park Avenue | Hampshire Partners Fund VIII, L.P. | No |
32 | Loan | Manchester Highlands | E. Stanley Kroenke | Group 1 |
33 | Loan | 11 S. LaSalle Street | Paragon Real Estate Fund, LLC | No |
34 | Loan | Pelican Walk | Anthony Caruso | No |
35 | Loan | 5th Street Station | Stephen J. Collins; Brent Scarbrough | No |
36 | Loan | 7-9 Vreeland Road | Benjamin B. Rubin; Samuel I. Kirschenbaum | No |
37 | Loan | Seaside Portfolio | Dulal Mostafa; Moududur Rahman; Masudur R. Khan | No |
37.01 | Property | River Inn at Seaside | ||
37.02 | Property | Inn at Seaside | ||
38 | Loan | 14701 Philips Highway | CS1031 Jacksonville FL HQ Master Lessee, LLC; Louis J. Rogers | No |
39 | Loan | Walgreens & Sherwin Williams Plaza | Arizona Lipnob Estates LLC | No |
40 | Loan | Hampton Inn - Provo | Girish Patel | Group 4 |
41 | Loan | Holiday Inn Houston SW – Sugar Land Area | Moiz Bhamani; Harwinder Kang; Moiz Bhamani Family Wealth Trust; Harwinder Kang Family Wealth Trust | No |
42 | Loan | St. Vrain MHC | Matthew N. Follett | Group 2 |
43 | Loan | Livonia Industrial II | William Zabala | No |
44 | Loan | Holiday Inn Express - Sandy | Girish Patel | Group 4 |
45 | Loan | LA Fitness - Chandler AZ | Carl J. Greenwood; James F. McKenzie; Carl J. Greenwood, as trustee of The Greenwood Family Trust dated October 16, 1985; James F. McKenzie, as trustee of the McKenzie Living Trust dated December 16, 2009 | No |
46 | Loan | Holiday Inn Express - Savannah | Mehul B. Patel; Bharat M. Patel; Mayur Patel | No |
47 | Loan | Gemstone MHC Portfolio | David Matthew Ruby | No |
47.01 | Property | Harbor’s Edge | ||
47.02 | Property | Gem Beach Estates | ||
48 | Loan | Holiday Inn Express & Suites Jackson | Atul N. Patel; Manisha A. Patel | No |
49 | Loan | 24 Hour Fitness - Mansfield | Platform Investments, LLC | Group 5 |
50 | Loan | Crossroads Village | Eden Tekie; Rutta Tekie | No |
51 | Loan | Shorecliff Retail Center | Simon Zhang | No |
52 | Loan | Holiday Inn Express - Port Richey | Nagender Reddy; Geetha R. Kuchakulla | No |
53 | Loan | Liberty Business Park | Peter Snowden; Kevin S. Pitts | Group 6 |
54 | Loan | Kensington Office Plaza | Ilya Spivak; Vladimir Budker | No |
55 | Loan | Hempstead Highway Industrial | Brennan Management LLC | No |
56 | Loan | TD Bank Long Island City | George Fina | No |
57 | Loan | Walgreens & PDQ Retail Portfolio | Emilia Karsh | No |
57.01 | Property | Walgreens Naples | ||
57.02 | Property | PDQ Orlando | ||
58 | Loan | 24 Hour Fitness - Cedar Hill | Platform Investments, LLC | Group 5 |
59 | Loan | Quality Inn - Florissant | Avinash Peddi; Akkina Narayana Murthy; Sreemanth Chowdary Gollamudi | No |
60 | Loan | Greater American Self Storage | Matthew N. Follett | Group 2 |
61 | Loan | 2036 TC Jester | Neil P. Martin; Michael W. Sperandio; Matthew T. Donowho | No |
62 | Loan | Zavarella Industrial | Gino Zavarella; Gino Zavarella | No |
63 | Loan | 42 Corporate Park | Peter Snowden; Kevin S. Pitts | Group 6 |
64 | Loan | Dollar General Wonder Lake | Ladder Capital CRE Equity LLC | Group 3 |
65 | Loan | Dollar General Moscow Mills | Ladder Capital CRE Equity LLC | Group 3 |
A-1-11
UBS 2018-C12 | |
Footnotes to Annex A-1 | |
(1) | UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York (“UBS AG”), Société Générale (“SG”), Natixis Real Estate Capital LLC (“Natixis”), Cantor Commercial Real Estate Lending, L.P. (“CCRE”), Ladder Capital Finance LLC (“LCF”), Rialto Mortgage Finance, LLC (“RMF”) and CIBC Inc. (“CIBC”). |
(2) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at Mortgaged Properties securing the 15 largest Mortgage Loans. |
(3) | The Original Balance and Cut-off Date Balance represent only the Mortgage Loan included in the issuing entity. 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 Cut-off Date Balance Per Unit/SF are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. For more information regarding the Mortgage Loans secured by the Mortgaged Properties identified under the column heading in this Annex A-1 as Wyvernwood Apartments, Riverfront Plaza, Riverwalk, Aspect RHG Hotel Portfolio, 20 Times Square, Somerset Financial Center, Conway Commons, Bank of America Center, 175 Park Avenue, Manchester Highlands, and 5th Street Station see the charts titled “Whole Loan Summary” in “Summary of Terms” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans”. |
(4) | Loan No. 5 – Aspect RHG Hotel Portfolio – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value with respect to the Mortgaged Properties includes the “As-Complete” Appraised Value of $75,500,000 for the Mortgaged Properties, which assumes the completion of $5,352,135 in renovations for the cost of which the lender reserved at origination. The Appraised Value for the Mortgaged Properties assuming the “As-Is” Appraised Value is $70,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Properties are 66.0% and 58.4%, respectively. |
Loan No. 18 – Holiday Inn - Matteson – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the “As Complete” Appraised Value of $22,500,000 as of March 25, 2018, which assumes the completion of $1,500,000 in renovations reserved by the lender at origination. The Appraised Value for the Mortgaged Property based on the “As-Is” Appraised Value is $21,000,000 as of March 25, 2018. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-Is” Appraised Value for the Mortgaged Property are 61.9% and 47.9%, respectively. | |
Loan No. 30 – Bank of America Center – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the appraiser’s conclusion of a hypothetical value of $112,200,000 that assumes Bank of America is paying market rent under its office lease. Bank of America does not pay base rent under its current lease and is only responsible for contractual expense reimbursements. However, Bank of America’s lease provides a renewal option at fair market rent. The borrower reserved the difference between the current rent payments and market rent through the lease term in 2022 (which reserve amount mimics the market rent revenue cash flow). The Appraised Value for the Mortgaged Property (without considering the reserve) is $106,600,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD for the Mortgaged Property (without considering the reserve) are 56.8% and 56.8%, respectively. | |
Loan No. 40 – Hampton Inn - Provo – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the “As Complete” Appraised Value of $12,000,000 as of May 23, 2018, which assumes the completion of $800,000 in renovations reserved by the lender at origination. The Appraised Value for the Mortgaged Property based on the “As-Is” Appraised Value is $11,200,000 as of May 23, 2018. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-Is” Appraised Value for the Mortgaged Property are 71.4% and 58.3%, respectively. | |
Loan No. 44 – Holiday Inn Express - Sandy – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the “As Complete” Appraised Value of $10,700,000 as of May 23, 2018, which assumes the completion of $1,335,238 in renovations reserved by the lender at origination. The Appraised Value for the Mortgaged Property based on the “As-Is” Appraised Value is $9,300,000 as of May 23, 2018. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-Is” Appraised Value for the Mortgaged Property are 77.4% and 65.1%, respectively. | |
Loan No. 52 – Holiday Inn Express - Port Richey – The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, and Appraised Value are based on the “As-Complete” Appraised Value of $11,000,000, which assumes the completion of $1,396,747 in renovations for the cost of which the lender reserved at origination. The Appraised Value for the Mortgaged Property assuming the “As-Is” Appraised Value is $9,600,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the “As-Is” Appraised Value for the Mortgaged Property are 59.9% and 51.5%, respectively. | |
(5) | Loan No. 2 – Riverfront Plaza – The Whole Loan can be defeased or prepaid in whole or in part with the payment of a yield maintenance premium at any time on or after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) May 4, 2022. The lockout period for defeasance will be at least 27 payment dates beginning with and including the first payment date of June 5, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 27 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. |
A-1-12
Loan No. 3 – Riverwalk – The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of July 6, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan on any date before April 6, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) July 6, 2021. For the purposes of this preliminary prospectus, the assumed lockout period of 26 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 5 – Aspect RHG Hotel Portfolio – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) August 1, 2021. The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of September 1, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 6 – 20 Times Square – The Whole Loan can be defeased at any time after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) April 27, 2022. The lockout period for defeasance will be at least 27 payment dates beginning with and including the first payment date of June 5, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 27 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 10 – Somerset Financial Center – The lockout period for defeasance will be at least 24 payment dates beginning with and including the first payment date of September 6, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan in whole or in part, on any date before May 6, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) July 25, 2021. For the purposes of this preliminary prospectus, the assumed lockout period of 24 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 30 – Bank of America Center – The lockout period for defeasance will be at least 25 payment dates beginning with and including the first payment date of August 1, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan in whole, but not in part, on any date before April 1, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) August 1, 2022. For the purposes of this preliminary prospectus, the assumed lockout period of 25 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 31 – 175 Park Avenue – The lockout period for defeasance will be at least 27 payment dates beginning with and including the first payment date of June 6, 2018. Following the lockout period, the borrower has the right to defease the Whole Loan in whole, but not in part, on any date before February 6, 2028. The lockout period will expire on the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) June 6, 2022. For the purposes of this preliminary prospectus, the assumed lockout period of 27 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. | |
Loan No. 35 – 5th Street Station – The Whole Loan can be prepaid in full with payment of a yield maintenance premium if the date the Whole Loan can be defeased has not occurred and if July 6, 2021 has occurred. If the date that the Whole Loan can be defeased has occurred, the Whole Loan cannot be prepaid with a yield maintenance premium. The Whole Loan can be defeased two years after the closing date of the securitization that includes the last note to be securitized. The lockout period for defeasance will be at least 26 payment dates beginning with and including the first payment date of July 6, 2018. For the purposes of this preliminary prospectus, the assumed lockout period of 26 months is based on the expected UBS 2018-C12 securitization closing date in August 2018. The actual lockout period may be longer. | |
(6) | Loan Nos. 3, 5, 7, 14, 37, 43, 49, 57 and 58 – Riverwalk, Aspect RHG Hotel Portfolio, Savi Ranch Center, Miami Airport Industrial Portfolio, Seaside Portfolio, Livonia Industrial II, 24 Hour Fitness - Mansfield, Walgreens & PDQ Retail Portfolio and 24 Hour Fitness - Cedar Hill – The related borrower may obtain the release of a portion of the related Mortgaged Property or portfolio of Mortgaged Properties, subject to the satisfaction of conditions set forth in the related Mortgage Loan documents, including making a prepayment of principal. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases”. |
Loan No. 35 – 5th Street Station – If the borrower is unable to achieve a 7.2% debt yield for the Mortgaged Property prior to May 18, 2020, the lender may, at its option, direct the borrower to prepay up to $7,500,000 of the Whole Loan, along with the payment of a yield maintenance premium. The amount of the prepayment is based on the remaining amount in the related holdback reserve account as of the date of determination. If the borrower is unable to achieve the required debt yield and the lender elects not to require the borrower to prepay the Whole Loan, such amount will be held as additional collateral for the Whole Loan. | |
(7) | Loan No. 6 – 20 Times Square – The Whole Loan is secured by the borrower’s fee simple interest in a land parcel, totaling 16,066 SF, beneath a newly constructed 42-story mixed-use building (the “Improvement”) located at 701 Seventh Avenue (at the corner of West 47th Street) in Times Square, New York, New York. The ground lease commenced on April 27, 2018 with an expiration date of April 26, 2117. The ground lessee is required to pay the initial ground rent in an amount of $29,250,000 per annum. The ground rent will increase by 2.0% per annum from years 2 through 5 of the ground lease and will increase by 2.75% per annum from year 6 of the ground lease through year 99 of the ground lease. |
A-1-13
Loan No. 56 – TD Bank Long Island City – The Mortgage Loan is secured by the borrower’s fee simple interest in a land parcel, totaling 13,500 SF, improved by a 4,800 SF TD Bank located at 21-31 46th Avenue in Long Island City, New York. The ground lease commenced in September 2012 with an expiration date in September 2032. The ground lessee is required to pay the current ground rent of $448,000 with 12.0% rent steps every five years with the next rent increase scheduled to take place on October 1, 2022. | |
(8) | Loan No. 11 – One Northwestern Plaza – A portion of the Mortgaged Property is subject to a ground lease which includes the building and western parking lot located on the Mortgaged Property, and the related borrower has a fee interest in the remaining acreage that includes the eastern parking lot. The fee interest in the leasehold portion of the Mortgaged Property is owned by Satfield Company. The ground lease carries a 100-year term, expiring on June 30, 2089 (approximately 71 years remaining). The ground lease has current rent of $190,967 per year until July 1, 2019, at which time the ground lease payment next increases. The annual ground rent is subject to an 8.5% increase every five years (which would result in an annual ground rent of approximately $204,837 in 2019) with a further adjustment in such increase so that the increase is equal to the increase in the Consumer Price Index (“CPI”) calculated as outlined in the original lease (with CPI capped at a 15.0% increase every five years). The CPI calculation is based on All Urban Consumers (CPI-U). The CPI percentage increase is calculated by determining the difference between the index as of the last month preceding the last increase in ground rent, and the index as of the last month of the lease year for which the ground rent is being determined, and dividing such difference by the base index. |
Loan No. 12 – Holiday Inn & Suites - Chattanooga – The Mortgage Loan is secured by both the borrower’s leasehold interest and the fee interests of certain affiliates of the borrower (which affiliates pledged such fee interests as collateral for the Mortgage Loan). The related ground lease between the borrower, as ground lessee, and such affiliates, collectively as ground lessor, is dated March 20, 2014 and expires on March 19, 2064, with two 50-year extension options. No annual ground rent is due during the initial term of the ground lease. | |
Loan No. 14 – Miami Airport Industrial Portfolio – The borrower sponsor acquired the leasehold interests of the Sky Chefs 3500 NW 24th Street and Sky Chefs 3630 NW 25th Street Mortgaged Properties structured as two 99-year ground leases. The two 99-year ground leases are coterminous with a combined current annual rent of $600,000. The annual rent increases 2.0% annually each year, except for the 11th, 21st, 31st, 41st, 51st, 61st, 71st, 81st and 91st lease years, in which rent will increase in an amount equal to the greater of 2.0% or the CPI. | |
(9) | Loan No. 3 – Riverwalk – Approximately 6.3% of the net rentable area and 7.1% of the gross potential rent is leased to affiliates of the borrower. |
Loan No. 62 – Zavarella Industrial – The largest tenant at the Mortgaged Property, Gino’s Awards, Inc., is an affiliate of the borrower sponsor. The related lease is guaranteed by the borrower sponsor. The underwritten base rent for Gino’s Awards, Inc. is $3.98 PSF compared to the appraiser’s concluded market rent of $7.00 PSF. | |
(10) | Loan No. 2 – Riverfront Plaza – The largest tenant at the Mortgaged Property, Hunton Andrews Kurth LLP, has the right to terminate its lease at any time with respect to (i) 2,022 SF on the plaza level in the east tower building, (ii) 3,093 SF on the plaza level in the east tower building or (iii) the combined 5,115 SF on the plaza level in the east tower building, with 12 months’ prior written notice to the borrower and payment of a termination fee equal to the sum of the unamortized portion of cash inducements prorated for the plaza level premises plus the unamortized portion of the renovation allowance prorated for the plaza level premises. If the second largest tenant at the Mortgaged Property, Branch Banking & Trust Company, is acquired by another financial institution, such tenant has the right to terminate its lease on May 31, 2022 with 24 months’ notice and payment of a termination fee equal to the sum of two years of rent and reimbursements and any outstanding unamortized transaction costs. The fifth largest tenant at the Mortgaged Property, Private Advisors, LLC, has a one-time right to terminate its lease at any time after August 31, 2020 with at least 12 months’ notice and payment of a termination fee equal to $531,104. |
Loan No. 9 – Copeland Tower & Stadium Place – The second largest tenant at the Mortgaged Property, State of Texas, may terminate its lease with no termination fee if there is a curtailment of federally funded programs, or if state appropriated funds are unavailable and the General Services Commission is unable to find another state agency or agencies to fill, or partially fill the premises. | |
Loan No. 11 – One Northwestern Plaza – The fifth largest tenant at the Mortgaged Property, Stifel, may terminate its lease any time after the 84th month (August 2024) with 180 days’ written notice and payment of a termination fee equal to the then unamortized portion of costs to the landlord as part of the landlord’s work. | |
Loan No. 14 – Miami Airport Industrial Portfolio – The sole tenant at the Sky Chefs 3500 NW 24th Street Mortgaged Property, Sky Chefs, Inc., has the right to terminate its lease effective on the last day of the 120th month (March 2027) with at least 12 months’ prior notice (but no more than 24 months’ notice) and payment of a termination fee equal to the annual fixed rent which would have been payable for the 121st through 126th month following the commencement date of the related lease plus sales tax on this amount. The sole tenant at the Sky Chefs 3630 NW 25th Street Mortgaged Property, Sky Chefs, Inc., has the right to terminate its lease effective on the last day of the 84th month (March 2024) with at least 12 months’ prior notice (but no more than 24 months’ prior notice) and payment of a termination fee equal to the annual rent for the 85th through 96th month of the related lease plus sales tax on this amount. |
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Loan No. 22 – Warner Courtyards – The largest tenant at the Mortgaged Property, Cenlar FSB, has a one-time termination option on November 30, 2023 with six months’ notice and payment of a termination fee of approximately $764,230, provided that such tenant has not exercised its right of first refusal to expand its premises within the first 60 months of the initial lease term. The second largest tenant at the Mortgaged Property, CEC Educational Services, has a one-time termination option on April 30, 2024 with nine months’ notice and payment of termination fee of approximately $536,980. | |
Loan No. 29 – Charleston Tower – The largest tenant at the Mortgaged Property, Board of Regents of the Nevada System of Higher Education (“NSHE”), has an appropriations clause that would allow it to terminate the lease with 30 days’ notice and no termination fee in the event that the government fails to appropriate funds to NSHE. | |
Loan No. 33 – 11 S. LaSalle Street – The largest tenant at the Mortgaged Property, Citibank NA, has a one-time right to terminate its lease after 60 months of the lease term (March 31, 2023) with written notice prior to end of the 48th month of the lease term (on or before March 31, 2022). If the lease is terminated, Citibank NA will pay the borrower unamortized brokerage commissions of $83,443 and nine months’ base rent at the rate payable in year five of the lease term. | |
Loan No. 34 – Pelican Walk – The third largest tenant at the Mortgaged Property, Maui Nix, Inc., may terminate its lease at any time upon providing 90-days’ notice with no termination fee. The underwritten base rent for Maui Nix, Inc., is $22.14 PSF compared to the appraiser’s concluded market rent of $37.50 PSF. | |
Loan No. 51 – Shorecliff Retail Center – The second largest tenant at the Mortgaged Property, Department of General Services, may terminate its lease on August 31, 2021 with 60 days’ notice and no termination fee. | |
Loan No. 54 – Kensington Office Plaza – The largest tenant at the Mortgaged Property, Mizkan Americas, Inc., has a one-time option to terminate its lease effective November 30, 2025, with notice by November 30, 2024 and payment of a termination fee in the amount of approximately $2,000,000. The fourth largest tenant at the Mortgaged Property, Magnetar Capital, has a one-time option to terminate its lease effective August 31, 2020, with notice by November 30, 2019 and payment of a termination fee in the amount of approximately $109,122. | |
Loan No. 57 – Walgreens & PDQ Retail Portfolio – The sole tenant at the Walgreens Naples Mortgaged Property, Walgreens, may terminate its lease effective as of July 31, 2030 by providing 18 months’ prior notice with no termination fee. | |
(11) | Loan No. 4 – 139 Ludlow Street – The sole tenant at the Mortgaged Property, Soho-Ludlow Tenant, LLC, subleases a portion of its space to Soho-Ludlow, Inc., a not for profit corporation. |
(12) | Occupancy reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
Loan No. 2 – Riverfront Plaza – The third largest tenant at the Mortgaged Property, Owens & Minor Medical Inc., has recently expanded its space to include an additional 11,425 SF and is expected to take occupancy of this additional space in August 2018. Owens & Minor Medical Inc. will begin paying rent for the additional space in August 2018. | |
Loan No. 3 – Riverwalk – The largest tenant at the Mortgaged Property, Solectria, has executed a lease and taken occupancy of its space, but has a partial rent credit until March 2019. The third largest tenant at the Mortgaged Property, Home Health VNA, has executed a lease and taken occupancy of its space, and pays reduced rent until September 2020. At origination, the borrower reserved $124,344 with the lender in connection with such reduced rent periods. | |
Loan No. 8 – Spotsylvania Crossing – The largest tenant at the Mortgaged Property, At Home, has a rent abatement period until September 2018. At origination, the borrower deposited $156,255 with the lender as an unfunded obligations reserve. | |
Loan No. 11 – One Northwestern Plaza – The second largest tenant at the Mortgaged Property, Foster Swift Collins & Smith, is in a free rent period with respect to its expansion space of 3,348 SF until October 2018. | |
Loan No. 30 – Bank of America Center – The second largest tenant at the Mortgaged Property, DEQ (Department of Environmental Quality), is currently in occupancy and is required to commence paying rent in September 2018. At origination, the borrower deposited $761,854 into a free rent reserve related to such tenant. | |
Loan No. 31 – 175 Park Avenue – The sole tenant at the Mortgaged Property, Realogy Operations LLC, has a three-month free rent period through September 2018. At origination, the borrower reserved $1,788,075, equal to three months of base rent, for such free rent period. | |
Loan No. 38 – 14701 Philips Highway – The sole tenant at the Mortgaged Property, Dream Finders Homes LLC (“Dream Finders”), has executed its lease, is in occupancy in its first and third floor spaces and is paying rent on all of its leased space, but is not yet in occupancy in its second floor space. The buildout on the second floor is expected to be completed by August 30, 2018 but may be further extended. At origination, the borrower escrowed $1,500,000 with the title insurer in connection with Dream Finders accepting its second floor space. In addition, some of the space is subleased to affiliates of Dream Finders. | |
Loan No. 53 – Liberty Business Park – The fourth largest tenant at the Mortgaged Property, Pneumatic Scale Angelus, is expected to begin paying rent on December 1, 2018. At origination, the borrower reserved $59,984 for free rent and $147,000 for outstanding tenant improvement obligations. |
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Loan No. 54 – Kensington Office Plaza – The largest tenant at the Mortgaged Property, Mizkan Americas, Inc., has free rent through November 2018 and the third largest tenant at the Mortgaged Property, Riley Construction Company, Inc., has free rent through September 2018. Riley Construction Company, Inc. has accepted its space but is currently in the process of a buildout and is expected to take occupancy by September 1, 2018. At origination, the borrower reserved $661,270 to account for such free rent periods and $1,025,000 was escrowed with the title insurer for application to tenant improvements and certain construction work with respect to the space of Mizkan Americas, Inc. | |
Loan No. 61 – 2036 TC Jester – The fourth largest tenant at the Mortgaged Property, King’s Kolache, is expected to take full occupancy in September 2018 and commenced paying rent on January 1, 2018. | |
(13) | Loan No. 35 – 5th Street Station – The Whole Loan documents include an achievement reserve in the amount of $7,500,000. The funds will be released from the reserve once Aramark or tenants meeting leasing criteria set forth in the Whole Loan documents are in occupancy and the resulting cash flow is at a 7.2% debt yield or greater on the entire outstanding principal balance of the Whole Loan and all mezzanine loans. Aramark signed a letter of intent for 13,171 SF at a rental rate of $35.00 PSF NNN. Partial releases will be permitted subject to the 7.2% debt yield test in accordance with the Whole Loan documents. If the borrower is unable to achieve a 7.2% debt yield for the Mortgaged Property prior to May 18, 2020, the lender may, at its option, direct the borrower to prepay up to $7,500,000 of the Whole Loan, along with the payment of a yield maintenance premium. The amount of the prepayment is based on the remaining amount in the related holdback reserve account as of the date of determination. If the borrower is unable to achieve the required debt yield and the lender elects not to require the borrower to prepay the Whole Loan, such amount will be held as additional collateral for the Whole Loan. The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield, and U/W NCF Debt Yield are net of the $7,500,000 holdback. The Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield, and U/W NCF Debt Yield for the Mortgage Loan are 31.0%, 31.0%, 16.3%, and 15.7%, respectively, based on the full Cut-Off Date Balance or scheduled principal balance at maturity, as applicable. The stabilized Appraisal Value, which assumes that the Mortgaged Property reaches stabilized occupancy of 95.5% as of February 1, 2019, is $154,000,000. Including and excluding the $7,500,000 achievement reserve from the Mortgage Loan, the Cut-off Date LTV Ratio based on the stabilized Appraisal Value is 29.2% and 24.4%, respectively. Including and excluding the $7,500,000 achievement reserve from the Whole Loan, the Cut-off Date LTV Ratio based on the stabilized Appraisal Value is 54.1% and 49.2%, respectively. |
Loan No. 38 – 14701 Philips Highway – At origination, the borrower reserved $1,500,000 with the title insurer in connection with the sole tenant’s build out of its second floor space. The sole tenant, Dream Finders Homes LLC, occupies the first and third floors and leases and pays rent for the entirety of its space. Such reserved funds will be released when Dream Finders Homes LLC takes occupancy. | |
(14) | Loan No. 46 – Holiday Inn Express - Savannah – Beginning on the payment date in August 2020, the borrower will be required to make monthly deposits into an FF&E reserve equal to the greater of (i) 1/12 of 4.0% of gross income from operations and (ii) the aggregate amount, if any, required to be reserved under the management agreement and franchise agreement. |
(15) | Loan No. 12 – Holiday Inn & Suites - Chattanooga – The borrower deposited $280,000 at origination into a Seasonality Reserve. Ongoing Seasonality Reserve payments are required to be deposited on each monthly payment date occurring during the period between June and October, inclusively. |
Loan No. 37 – Seaside Portfolio – The borrower deposited $380,000 at origination into a Seasonality Reserve. Ongoing Seasonality Reserve payments of $54,286 are required to be deposited monthly on each payment date occurring during the period between March and September. | |
Loan No. 40 – Hampton Inn - Provo – Ongoing Seasonality Reserve payments of $16,000 are required to be deposited on each monthly payment date occurring during the period between August and October, inclusively. | |
Loan No. 41 – Holiday Inn Houston SW – Sugar Land Area – On each payment date occurring during the months of August through November 2018, the borrower is required to deposit $24,952 into a Seasonality Reserve. On each payment date occurring during the months of February through November of each year commencing in 2019, the borrower is required to deposit an amount equal (a) (i) the aggregate seasonality shortfall for the trailing 12 months (ii) multiplied by 1.25, (b) divided by 10. | |
Loan No. 44 – Holiday Inn Express - Sandy – The borrower deposited $45,000 at origination into a Seasonality Reserve. Ongoing Seasonality Reserve payments of $15,000 are required to be deposited on each monthly payment date occurring during the period between August and October, inclusively. | |
Loan No. 46 – Holiday Inn Express - Savannah – Ongoing Seasonality Reserve payments are required to be deposited monthly on each payment date occurring during the period between August and November, inclusively, beginning with an amount of $12,500 per month for 2018 and for each subsequent year during the Mortgage Loan term, the amount will be based on projected shortfall amounts as calculated pursuant to the Mortgage Loan agreement. | |
Loan No. 48 – Holiday Inn Express & Suites Jackson – The borrower deposited $48,568 at origination into a Seasonality Reserve. Ongoing seasonality payments of $5,396 are required to be deposited monthly on each payment date other than payment dates occurring in August and October. |
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Loan No. 52 – Holiday Inn Express - Port Richey – The borrower deposited $35,000 at origination into a Seasonality Reserve. Ongoing Seasonality Reserve payments are required to be deposited monthly in an amount equal to the sum of the projected debt service shortfalls (inclusive of amounts attributable to monthly deposits into all applicable escrows and reserve accounts required pursuant to the Mortgage Loan documents), as determined by the lender annually as of each anniversary of the origination date; provided, however, in no event will the amount in the Seasonality Reserve exceed $70,000. | |
(16) | Loan No. 5 – Aspect RHG Hotel Portfolio – Beginning on the first payment date in September 2018, the borrower is required to deposit in escrow an amount equal to the greater of (i) (A) on each of the first 12 payment dates, $14,970, (B) on each of the 13th through the 24th payment dates, 1/12 of 2.0% of the gross annual income of the Mortgaged Properties (based on the prior year’s performance) and (C) on each payment date after the 24th payment date, 1/12 of 4.0% of the gross annual income of the Mortgaged Properties (based on the prior year’s performance), (ii) the then-current amount required by each management agreement and (iii) the then-current amount required by each franchise agreement for approved capital expenses and/or FF&E expenses, and the repair and replacement of the FF&E and capital expenses that may be incurred following origination. |
Loan No. 18 – Holiday Inn - Matteson – The borrower is required to deposit a monthly FF&E reserve payment equal to (i) from origination through and including the payment date in July 2021, an amount equal to 1/12 of 2.0% of gross revenue for the prior calendar year, (ii) from and including the payment date in August 2021 and for the remainder of the term of the Mortgage Loan, an amount equal to 1/12 of 4.0% of gross revenue for the prior calendar year. The initial monthly FF&E reserve payment will be $12,423. | |
Loan No. 24 – Staybridge Suites Austin – Beginning on the first payment date in August 2018, the borrower is required to deposit an amount equal to (i) 1/12 of 1.0% of annual gross revenues for the first year of the Mortgage Loan term, (ii) 1/12 of 2.0% of annual gross revenues for the second year of the Mortgage Loan term (commencing on the 13th payment date), (iii) 1/12 of 3.0% of annual gross revenues for the third year of the Mortgage Loan term (commencing on the 25th payment date) and (iv) 1/12 of 4.0% of annual gross revenues thereafter (commencing on the 37th payment date). The initial FF&E monthly amount will be $3,231. | |
Loan No. 52 – Holiday Inn Express - Port Richey – Beginning on the first payment date in September 2018, the borrower is required to deposit on each payment date an amount equal to the greater of (i) 1/12 of 4.0% of the annual gross revenues of the Mortgaged Property for the previous 12 month period as determined on the anniversary of the origination date (initially $6,542 per month), or (ii) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E, but excluding any amounts attributable to a property improvement plan. | |
(17) | Loan No. 2 – Riverfront Plaza – The Mortgaged Property was formerly equipped with a gasoline filling station on the central portion of the Mortgaged Property from 1964 through 1983, which included two underground storage tanks. A release of gasoline at the Mortgaged Property was reported in 1988. Based on the removal of the tanks, analytical results, regulatory closure, and redevelopment of the Mortgaged Property with five sub-grade parking levels and presumed removal of any remaining contaminated soils, the former underground storage tanks are considered a historical recognized environmental condition for which no further action is necessary. |
Loan No. 6 – 20 Times Square – The ESA for the Mortgaged Property noted two historical recognized environmental conditions related to spills at the Mortgaged Property. The first historical recognized environmental condition relates to a release of 400 gallons of petroleum on April 29, 2005. The New York State Department of Environmental Conservation (“NYSDEC”) granted this incident a “case closed” status following cleanup efforts. The second historical recognized environmental condition relates to the delivery on December 21, 2012 of 800 gallons of No. 4 fuel oil into a disconnected fill pipe, which in turn pumped 800-gallons of fuel into the basement and into Con Ed vaults along the sidewalk. Following remediation efforts, the NYSDEC granted a “case closed” status on October 3, 2014. The ESA also noted that, with respect to both historical recognized environmental conditions, because the Mortgaged Property has since been redeveloped, including a full footprint excavation down to three sub-cellar levels, any residual contamination would have likely been excavated and removed from the site as part of redevelopment activities. | |
Loan No. 14 – Miami Airport Industrial Portfolio – The Sky Chefs 3500 NW 24th Street Mortgaged Property is listed as a state leaking underground storage tank facility. Numerous DERM-approved phases of investigation and remediation were subsequently conducted for on-site soils and groundwater between 2002 and 2006. The Sky Chefs 3500 NW 24th Street Mortgaged Property received a no further action letter on July 9, 2009. Based upon the documented regulatory closure, this condition is considered a historical recognized environmental condition, and no further action is recommended. Soil contamination was discovered at the Sky Chefs 3630 NW 25th Street Mortgaged Property and a no further action with conditions letter was received on November 21, 2014. Based upon the documented regulatory closure, this condition is considered a controlled recognized environmental condition, and no further action is recommended. |
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Loan No. 50 – Crossroads Village – The ESA identified no recognized environmental conditions on the Mortgaged Property, but did identify a controlled recognized environmental condition as the Mortgaged Property has been remediated pursuant to the Georgia Brownfields Act and is institutionally controlled to non-residential operations. The Mortgaged Property is a Brownfields site due to dry cleaner solvent impacts to groundwater from off-site source attributable to a former dry-cleaner that was located approximately 400 feet west and up-gradient. A 2016 vapor intrusion investigation at the Mortgaged Property determined that no vapor intrusion risk was identified. Off-site soil contamination was cited in the Brownfields Limitation of Liability Letter issued by the Georgia Environmental Protection Division (“GEPD”) on January 13, 2017. Under the GEPD Brownfields Limitation of Liability, prospective purchasers are relieved of liability for groundwater cleanup and third party claims arising from historical releases. Based on the GEPD regulatory oversight, presence of a Brownfields Limitation of Liability, the distance from the Mortgaged Property to the source of the groundwater contamination and that the collateral improvements are all above-ground, the current ESA considers the groundwater contamination and Brownfields listing a controlled recognized environmental condition, subject to continued compliance with the terms of the Brownfield Limitation of Liability program and recommended no further investigation. | |
(18) | Loan No. 3 – Riverwalk – The ESA noted a recognized environmental condition related to the historical use of part of the Mortgaged Property as a boiler house and for coal storage circa 1956. Due to the recognized environmental condition as well as potential unknown environmental issues related to former industrial uses, the borrower fully paid for and the lender obtained a 13-year lender’s environmental liability insurance policy with aggregate and individual limits of not less than $2,000,000, with a $250,000 deductible, and the Whole Loan documents prohibit the borrowers from terminating the policy without the lender’s consent or intentionally taking any actions with respect to the Mortgaged Property, which would reasonably be expected to result in a forfeiture, or adversely affect the validity or enforceability of such policy prior to the date that is three years after the Whole Loan stated maturity date. |
Loan No. 30 – Bank of America Center – The ESA identified several recognized environmental conditions in connection with inconsistent documentation regarding the current status of two underground storage tanks at the Mortgaged Property as well as the historical use of the Mortgaged Property as, among other things, an automobile service station, printing company and dry cleaner. The borrower fully paid for a 13-year lender’s environmental collateral protection and a liability insurance policy with aggregate and individual limits of not less than $3,000,000, with a $200,000 deductible, was obtained at origination, and the Whole Loan documents prohibit the borrowers from terminating the policy without the lender’s consent or intentionally taking any actions with respect to the Mortgaged Property that would reasonably be expected to result in a forfeiture, or adversely affect the validity or enforceability of such policy prior to the date that is three years after the Whole Loan stated maturity date. | |
Loan No. 61 – 2036 TC Jester – The ESA identified a recognized environmental condition in connection with the former operation of a dry cleaner at the Mortgaged Property. The borrower obtained an environmental insurance policy from Great American with limits of $2,000,000 per occurrence and $2,000,000 in the aggregate, with a deductible of $50,000. The policy provides coverage during the term of the Mortgage Loan and an optional three-year tail. | |
(19) | For more information see “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness”. |
(20) | Loan No. 38 – 14701 Philips Highway – The borrower is a Delaware statutory trust. In connection with that structure, the borrower entered into a master lease (the “14701 Philips Highway Master Lease”) with a master tenant, which entity is owned and controlled by the borrower sponsor. Under the 14701 Phillips Highway Master Lease, the entire Mortgaged Property is leased to the master tenant, which subleases the Mortgaged Property to Dream Finders Homes LLC. |
(21) | Loan No. 3 – Riverwalk – The Mortgaged Property consists of 494,209 SF of office space (78.4% of NRA), 65,486 SF of retail space (10.4% of NRA) and 70,684 SF of industrial space (11.2% of NRA). |
Loan No. 26 – 160th Street and Prospect Avenue Portfolio – The Number of Units at the Mortgaged Properties include 634 SF of commercial space. | |
(22) | Loan No. 2 – Riverfront Plaza – The total debt amortizes based on a non-standard amortization schedule as set forth on Annex F to the preliminary prospectus. The U/W NOI DSCR, U/W NCF DSCR and Total Debt UW NCF DSCR are calculated based on the aggregate of the 12 debt service payments commencing September 5, 2018. |
(23) | Loan No. 35 – 5th Street Station – The Total Debt UW NCF DSCR is calculated based on the aggregate of the 12 debt service payments commencing on July 6, 2023 as the mezzanine A loan amortizes based on a non-standard amortization schedule after an initial 60-month interest only period. |
(24) | Loan No. 32 – Manchester Highlands – The related borrower delivered to the lender a reserve guaranty (the “Reserve Guaranty”) from E. Stanley Kroenke. So long as no event of default exists under either the related Whole Loan or the Reserve Guaranty, and the Reserve Guaranty remains in full force and effect, the related borrower will not be obligated to fund monthly reserves. If an event of default under the related Whole Loan or under the Reserve Guaranty occurs or the Reserve Guaranty is no longer in full force and effect, the lender may require the related borrower to escrow monthly: (i) 1/12 of the annual estimated tax payments, (ii) 1/12 of the annual estimated insurance premiums, (iii) replacement reserves of $4,421, and (iv) tenant improvements and leasing commissions reserve of $14,728, subject to a cap of $884,253. |
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Loan No. 53 – Liberty Business Park – In an event of default under the related Mortgage Loan, the lender may require the related borrower to escrow monthly: (i) 1/12 of the annual estimated tax payments, (ii) 1/12 of the annual estimated insurance premiums, (iii) replacement reserves of $1,053, and (iv) tenant improvements and leasing commissions reserve of $3,510. | |
Loan No. 63 – 42 Corporate Park – In an event of default under the related Mortgage Loan, the lender may require the related borrower to escrow monthly: (i) 1/12 of the annual estimated tax payments, (ii) 1/12 of the annual estimated insurance premiums, (iii) replacement reserves of $315, and (iv) tenant improvements and leasing commissions reserve of $1,577. | |
(25) | Loan No. 9 – Copeland Tower & Stadium Place – The related borrower deposited $58,341 into a reserve for amounts paid or incurred in connection with landlord-obligated tenant improvement work on the space leased to Ennova Learning Solutions. |
Loan No. 9 – Copeland Tower & Stadium Place – Commencing (a) if either of Multiplan, Inc. or State of Texas (each, a “Trigger Tenant”) files for bankruptcy, goes dark, or vacates its premises or (b) nine months prior to any Trigger Tenant’s lease expiration date, excess cash will be swept into a reserve (the “Trigger Lease Reserve”) which funds will be used for re-tenanting the Trigger Tenant’s space. Notwithstanding the forgoing, the related borrower may deliver to the lender either cash or a letter of credit acceptable to the lender for an amount equal to $500,000 to avoid making deposits into the Trigger Lease Reserve as a result of clause (b) above. | |
Loan No. 10 – Somerset Financial Center – To the extent the master lease has terminated and the entirety of the master leased premises is not leased to the largest tenant at the Mortgaged Property, Mallinckrodt, the borrower may be required to deposit with the lender on each payment date commencing on January 6, 2022, an amount equal to the cash collateral fixed deposit (which amount may be reduced by the adjustment factor, as set forth in the Whole Loan documents), which will be held as additional security for the Whole Loan. In the event that the borrower has entered into one or more qualified replacement leases for all or a portion of the master leased premises, and pursuant to certain conditions set forth in the Whole Loan documents, the borrower may not be required to make the monthly cash collateral fixed deposit. | |
Loan No. 32 – Manchester Highlands – In the event that Walmart Stores East, LP (i) goes dark or vacates its premises, (ii) surrenders, cancels or terminates its lease or (iii) files for bankruptcy, the related borrower is required to deposit all excess cash into a reserve (the “Walmart Sweep Reserve”). Notwithstanding the forgoing, so long as the Reserve Guaranty is in full force and effect and no event of default exists under the related Whole Loan or the Reserve Guaranty, (i) the first $1,000,000 of excess cash that would otherwise be required to be deposited into the Walmart Sweep Reserve will be disbursed to the related borrower, and (ii) any amount of excess cash in excess of $1,000,000 will be deposited into the Walmart Sweep Reserve. | |
Loan No. 39 – Walgreens & Sherwin Williams Plaza – In the event that either of Walgreen Co. or The Sherwin-Williams Company (each, a “Trigger Tenant”) files for bankruptcy, goes dark, gives notice of its intent to vacate its premises or fails to renew its lease by the deadline in its respective lease agreement, excess cash will be swept into a reserve which funds will be used for re-tenanting the Trigger Tenant’s space. | |
Loan No. 62 – Zavarella Industrial – In the event that Gino’s Awards, Inc. files for bankruptcy, goes dark or vacates, excess cash will be swept into a reserve to be used for re-tenanting the space. | |
(26) | Loan No. 32 – Manchester Highlands – The related borrower may avoid a cash management period triggered as a result of the DSCR (based on a 30-year amortization schedule and trailing six-months operating statements and rent rolls) being less than 1.15x for any two consecutive calendar quarters (a “Low Debt Service Period”), provided that no other cash management period has commenced, by entering into an Acceptable Master Lease (defined below) and delivering a fully executed Acceptable Master Lease to the lender. An “Acceptable Master Lease” means, a lease between the related borrower, as landlord, and E. Stanley Kroenke, as tenant, for a portion of the Mortgaged Property (a) with a term of at least ten years, (b) covering sufficient leasable space such that, upon inclusion of the rent due under such lease in underwritten net cash flow, the DSCR based on the trailing 12 month period immediately preceding the date of such determination is greater than 1.25x, (c) provides for rental rate rates and terms which are comparable to existing local market rates and terms for properties substantially similar to the Mortgaged Property and reasonably acceptable to the lender. The right of the related borrower to elect to enter into an Acceptable Master Lease with the guarantor to avoid a Low Debt Service Period is only available to, and is personal to TKG - Manchester Highlands Shopping Center, LLC and E. Stanley Kroenke, and will not be applicable or available to a new borrower or guarantor following a sale of the Mortgaged Property. |
(27) | Loan No. 30 – Bank of America Center – The increase in U/W NOI from historical NOI takes into account underwritten gross rent for the Bank of America office space of approximately $21.63 PSF. Bank of America’s current lease obligations for this space through 2022 are expense reimbursement payments, which only currently equate to approximately $697,447 per year ($8.81 PSF), approximately $12.82 PSF below gross market rent of approximately $21.63 PSF. At origination, the borrowers deposited $4,091,878 into a reduced rent reserve, which represents the difference between the contractual reimbursement payment and $21.63 PSF market rent for the Bank of America office space through lease expiration in 2022. |
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(28) | Loan No. 31 – 175 Park Avenue – The sole tenant at the Mortgaged Property, Realogy Operations LLC, delivered an irrevocable $23,000,000 standby letter of credit in lieu of cash as the required security deposit. Subject to certain requirements set forth in the Whole Loan documents and the Realogy Operations LLC lease, upon the occurrence of an event of default, the lender may draw upon (and reduce) the letter of credit as follows: (i) to $23,00,000 at any time until December 31, 2018, (ii) to $17,500,000 at any time after January 1, 2019, (iii) to $11,000,000 at any time after January 1, 2023 and (iv) to $4,000,000 at any time after January 1, 2026. Provided no event of default has occurred and Realogy Corporation, the guarantor of the lease, has maintained a corporate credit rating of at least “BB” or equivalent as published by S&P or Moody’s at all times in the preceding 12 months, the face amount of the letter of credit is permitted to be reduced to an amount equal to three months of base rent. |
(29) | Loan No. 6 – 20 Times Square – Historical financial and occupancy information is not available as the Improvement is scheduled to be completed in August 2018. |
(30) | Loan No. 10 – Somerset Financial Center – The Mortgaged Property is 100.0% occupied. The largest tenant at the Mortgaged Property, Mallinckrodt, occupies 191,000 SF. In connection with the sale of the property to the borrower, Related Real Estate Fund II, L.P., an investment fund sponsored by the Related Companies, guaranteed the obligations of RREF II Somerset ML LLC, an affiliate of the Related Companies, under a master lease with the borrower related to the currently unoccupied 39,000 SF at a base rent of $18.00 PSF with $0.50 PSF annual increases. The term of the master lease will end on the earlier of (i) December 31, 2021 and (ii) the date on which a termination event has occurred. A termination event will occur if (a) Mallinckrodt exercises its option to lease the premises or (b) a replacement tenant leases the entire premises. If the replacement tenant only leases a portion of the space, the master lease will still apply to the remaining space. |
(31) | Loan No. 17 – Courtyard Marriott New Braunfels – The borrower will not be required to deposit the monthly capital expenditure reserve amount during such times that the balance of the capital expenditure reserve account exceeds $675,000. |
(32) | Loan No. 28 – Longview Plaza – Commencing on July 6, 2018, following the date the rollover reserve account drops below $100,000, the borrower will pay a monthly deposit amount of $12,772 into the rollover reserve account. |
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