FWP 1 n3621_x5-annexa1.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-257737-08
     

 

BBCMS 2023-C20 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. 333-257737) 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 1-888-603-5847 (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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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 issuance.  None of Barclays Capital Inc., SG Americas Securities, LLC, BofA Securities, Inc., BMO Capital Markets Corp., UBS Securities LLC, Mischler Financial Services, Inc. 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.

 

 

 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address
1 25
1 Loan 1, 5, 7, 12, 19, 24 1 Fashion Valley Mall 9.998% 100.0% BANA, JPMCB, Barclays, BMO BANA, Barclays, BMO Group A NAP 7007 Friars Road
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 CX - 250 Water Street 9.1% 100.0% BANA, GSBI, WFB, 3650 REIT BANA NAP NAP 250 Water Street
3 Loan 13, 15, 19 1 Phoenix Huntsville II 8.2% 100.0% UBS AG UBS AG NAP NAP 4905 Moores Mill Road
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 Healthcare Trust MOB Portfolio 7.5% Barclays, SGFC, KeyBank Barclays, SGFC NAP NAP Various
4.01 Property 1 Belpre V Cancer Center - Belpre, OH 1.5% 19.6% 807 Farson Street
4.02 Property 1 Glendale MOB - Farmington Hills, MI 0.2% 3.3% 28595 Orchard Lake Road
4.03 Property 1 1600 State Street 0.2% 2.9% 1600 State Street
4.04 Property 1 Palm Valley Medical Plaza - Goodyear, AZ 0.2% 2.4% 13657 West McDowell Road
4.05 Property 1 Eastside Cancer Institute - Greenville, SC 0.2% 2.3% 65 International Drive
4.06 Property 1 Aurora Healthcare Center - Waterford, WI 0.2% 2.1% 818 Forest Lane
4.07 Property 1 Beaumont Medical Center - Warren, MI 0.2% 2.1% 8545 Common Road
4.08 Property 1 Millennium Eye Care - Freehold, NJ 0.2% 2.1% 500 West Main Street
4.09 Property 1 757 Franciscan Medical - Munster, IN 0.2% 2.1% 757 45th Street
4.10 Property 1 Vascular Surgery Associates - Tallahassee, FL 0.1% 2.0% 2631 Centennial Boulevard
4.11 Property 1 Decatur Medical Office Building - Decatur, GA 0.1% 1.9% 2712 Lawrenceville Highway
4.12 Property 1 Aurora Healthcare Center - Wautoma, WI 0.1% 1.9% 900 East Division Street
4.13 Property 1 Greenfield Medical Plaza - Gilbert, AZ 0.1% 1.8% 875 North Greenfield Road
4.14 Property 1 Swedish American MOB - Roscoe, IL 0.1% 1.8% 4282 East Rockton Road
4.15 Property 1 West Michigan Surgery Center - Big Rapids, MI 0.1% 1.7% 20095 Gilbert Road
4.16 Property 1 UMPC - Sir Thomas Court - Harrisburg, PA 0.1% 1.7% 805 Sir Thomas Court
4.17 Property 1 Eastern Carolina ENT - Greenville, NC 0.1% 1.7% 850 Johns Hopkins Drive
4.18 Property 1 Lancaster Medical Arts MOB - Lancaster 0.1% 1.7% 233 College Avenue
4.19 Property 1 UMPC - Fisher Road - Mechanicsburg, PA 0.1% 1.7% 2140 Fisher Road
4.20 Property 1 Kingwood Executive Center - Kingwood, TX 0.1% 1.6% 201 Kingwood Medical Drive
4.21 Property 1 Pensacola Nephrology MOB - Pensacola, FL 0.1% 1.6% 1619 Creighton Road
4.22 Property 1 Lee Memorial Health System - Fort Myers, FL 0.1% 1.5% 12600 Creekside Lane
4.23 Property 1 Greenville Health System - Greenville, SC 0.1% 1.5% 1120 Grove Road
4.24 Property 1 UMPC - Chambers Hill - Harrisburg, PA 0.1% 1.5% 5400 Chambers Hill Road
4.25 Property 1 Rockwall Medical Plaza - Rockwall, TX 0.1% 1.4% 890 Rockwall Parkway
4.26 Property 1 Pioneer Spine Sports - West Springfield 0.1% 1.4% 271 Park Street
4.27 Property 1 Women's Healthcare Group MOB - York, PA 0.1% 1.4% 1693 South Queen Street
4.28 Property 1 OrthoOne Hilliard - Hilliard, OH 0.1% 1.3% 3775-3779 Trueman Court
4.29 Property 1 St Peter's - Albany, NY - 5 Palisades 0.1% 1.3% 5 Palisades Drive
4.30 Property 1 Metropolitan Eye Lakeshore Surgery - St. Clair Shores, MI 0.1% 1.3% 21711 Greater Mack Avenue
4.31 Property 1 Crittenton MOB - Washington Township, MI 0.1% 1.3% 57850 Van Dyke Road
4.32 Property 1 Surgery Center of Temple - Temple, TX 0.1% 1.3% 1909 Southwest H K Dodgen Loop
4.33 Property 1 RAI Care Center-Clearwater, FL 0.1% 1.2% 29296 US Highway 19 North
4.34 Property 1 Medical Center V - Peoria, AZ 0.1% 1.2% 13090 North 94th Drive
4.35 Property 1 MetroHealth Buckeye Health - Cleveland, OH 0.1% 1.2% 2816 East 116th Street
4.36 Property 1 South Douglas MOB - Midwest City, OK 0.1% 1.2% 1800 South Douglas Boulevard
4.37 Property 1 Crittenton MOB - Sterling Heights, MI 0.1% 1.2% 37771 Schoenherr Road
4.38 Property 1 SPHP MOB, Albany, NY 0.1% 1.2% 1444 Western Avenue
4.39 Property 1 Atlanta Gastroenterology Associates - Lawrenceville, GA 0.1% 1.2% 301 Philip Boulevard
4.40 Property 1 Bone and Joint Specialists - Merrillville, IN 0.1% 1.1% 9001 Broadway
4.41 Property 1 1550 State Street 0.1% 1.1% 1550 State Street
4.42 Property 1 St. Peter's - Albany, NY - 2 Palisades 0.1% 1.1% 2 Palisades Drive
4.43 Property 1 St Lukes Heart Vascular Center - East Stroudsburg 0.1% 1.0% 235 East Brown Street
4.44 Property 1 Naidu Clinic - Odessa, TX 0.1% 0.9% 605 East 4th Street
4.45 Property 1 Aurora Healthcare Center - Kiel, WI 0.1% 0.9% 1001 Service Road
4.46 Property 1 Florida Medical Heartcare - Tampa, FL 0.1% 0.9% 14320 Bruce B Downs Boulevard
4.47 Property 1 Florida Medical Wesley Chapel - Tampa, FL 0.1% 0.8% 27343 Wesley Chapel Boulevard
4.48 Property 1 Aurora Healthcare Center - Green Bay, WI 0.1% 0.8% 2890 Lineville Road
4.49 Property 1 Pioneer Spine Sports - Springfield 0.1% 0.8% 55 Saint George Road
4.50 Property 1 Center for Advanced Dermatology - Lakewood, CO 0.1% 0.8% 3455 South Yarrow Street
4.51 Property 1 Pioneer Spine Sports - Northampton 0.1% 0.8% 766 North King Street
4.52 Property 1 Florida Medical Clinic - Tampa, FL 0.1% 0.7% 13602 North 46th Street
4.53 Property 1 DaVita Dialysis - Hudson, FL 0.1% 0.7% 14134 Nephron Lane
4.54 Property 1 St Peter's - Albany, NY - 4 Palisades 0.1% 0.7% 4 Palisades Drive
4.55 Property 1 5825 Shoreview Lane North 0.0% 0.5% 5825 Shoreview Lane North
4.56 Property 1 Florida Medical Tampa Palms - Tampa, FL 0.0% 0.5% 17417 Bridge Hill Court
4.57 Property 1 Fresenius Medical Care - Winfield, AL 0.0% 0.5% 638 Tahoe Road
4.58 Property 1 Florida Medical Somerset - Tampa, FL 0.0% 0.5% 15260 Amberly Drive
4.59 Property 1 St. Peter's - Troy, NY - 2 New Hampshire 0.0% 0.5% 2 New Hampshire Avenue
4.60 Property 1 DaVita Bay Breeze Dialysis Center - Largo, FL 0.0% 0.5% 11550 Ulmerton Road
4.61 Property 1 Aurora Healthcare Center - Greenville, WI 0.0% 0.4% N1750 Lily of The Valley Drive
4.62 Property 1 1586 State Street 0.0% 0.2% 1586 State Street
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 One & Two Commerce Square 7.3% 100.0% BANA, Barclays, JPMCB BANA, Barclays NAP NAP 2001 and 2005 Market Street
6 Loan 19 1 Ashburn Data Center 7.3% 100.0% Barclays Barclays NAP NAP 43915 Devin Shafron Drive
7 Loan 1, 7, 12, 13, 19, 24 1 Great Lakes Crossing Outlets 6.0% 100.0% BMO, DBRI, GSBI BMO Group A NAP 4000 Baldwin Road
8 Loan 1, 4, 13, 23 1 North Run Business Park 4.1% 100.0% BMO, SMC BMO, SMC NAP NAP 1450-1750 East Parham Road
9 Loan 1, 7, 10, 12, 19 1 Seagate Campus 3.9% 100.0% CREFI, UBS AG, WFBNA UBS AG NAP NAP 47488 Kato Road
10 Loan 15, 19, 21, 23 1 Meridian Plaza 3.8% 100.0% UBS AG UBS AG NAP NAP 10333, 10401, and 10585 North Meridian Street
11 Loan 1, 7, 19, 24 1 Gloucester Premium Outlets 3.0% 100.0% Barclays, SGFC Barclays, SGFC Group A NAP 100, 200, 300, 400 and 600 Premium Outlets Drive
12 Loan 1, 7, 12, 17, 19, 21 1 Oxmoor Center 2.7% 100.0% Barclays, SGFC Barclays, SGFC NAP NAP 7900 Shelbyville Road
13 Loan 7, 23, 24, 26, 27, 29 1 South Lake at Dulles 2.5% 100.0% SGFC SGFC NAP NAP 13820 Sunrise Valley Drive
14 Loan 5, 19, 28, 29 1 Doubletree Downtown Chattanooga 2.4% 100.0% SGFC SGFC NAP NAP 407 Chestnut Street
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 Rhino Retail Portfolio 2.4% Barclays Barclays NAP NAP Various
15.01 Property 1 Arden Square Shopping Center 1.7% 71.3% 3102-3198 Arden Way
15.02 Property 1 University Park Plaza 0.7% 28.7% 755 Desert Flower Boulevard
16 Loan 1 Villa de Cancun 1.9% 100.0% SMC SMC NAP NAP 9450 Woodfair Drive
17 Loan 1, 7, 12, 17, 19 1 Barbours Cut IOS 1.9% 100.0% AREF2, WFBNA AREF2 NAP NAP 816 West Barbours Cut Boulevard
18 Loan 7, 12, 13, 19, 23, 29 1 6330 West Loop South 1.8% 100.0% BANA BANA NAP NAP 6330 West Loop South

A-1-1

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address
1 25
19 Loan 12 1 The Genesis Kent 1.8% 100.0% AREF2 AREF2 NAP NAP 1494 Stratford Drive and 548 East Summit Street
20 Loan 5, 6, 7, 19 44 Wyndham National Hotel Portfolio 1.6% UBS AG UBS AG NAP NAP Various
20.01 Property 1 Travelodge - 2307 Wyoming Avenue 0.1% 7.5% 2307 Wyoming Avenue
20.02 Property 1 Travelodge - 2111 Camino Del Llano 0.1% 6.1% 2111 Camino Del Llano
20.03 Property 1 Travelodge - 1170 W Flaming Gorge Way 0.1% 5.8% 1170 West Flaming Gorge Way
20.04 Property 1 Baymont Inn & Suites - 1731 South Sunridge Drive 0.1% 5.2% 1731 South Sunridge Drive
20.05 Property 1 Baymont Inn & Suites - 451 Halligan Drive 0.1% 4.0% 451 Halligan Drive
20.06 Property 1 Baymont Inn & Suites - 1608 E Business US 60 0.1% 3.7% 1608 West Business Highway 60
20.07 Property 1 Travelodge - 1127 Pony Express Highway 0.1% 3.7% 1127 Pony Express Highway
20.08 Property 1 Baymont Inn & Suites - 1130B B East 16th Street 0.1% 3.5% 1130B East 16th Street
20.09 Property 1 Travelodge - 2680 Airport Road 0.1% 3.4% 2680 Airport Road
20.10 Property 1 Super 8 - 720 Royal Parkway 0.1% 3.2% 720 Royal Parkway
20.11 Property 1 Baymont Inn & Suites - 1051 North Market Street 0.1% 3.2% 1051 North Market Street
20.12 Property 1 Baymont Inn & Suites - 2700 North Diers Parkway 0.0% 3.0% 2700 North Diers Parkway
20.13 Property 1 Baymont Inn & Suites - 95 Spruce Road 0.0% 2.9% 95 Spruce Road
20.14 Property 1 Super 8 - 2545 Cornhusker Highway 0.0% 2.8% 2545 Cornhusker Highway
20.15 Property 1 Travelodge - 1110 SE 4th Street 0.0% 2.8% 1110 Southeast 4th Street
20.16 Property 1 Baymont Inn & Suites - 2300 Valley West Court 0.0% 2.5% 2300 Valley West Court
20.17 Property 1 Travelodge - 800 W Laramie Street 0.0% 2.5% 800 West Laramie Street
20.18 Property 1 Travelodge - 22 North Frontage Road 0.0% 2.5% 22 North Frontage Road
20.19 Property 1 Travelodge - 123 Westvaco Road 0.0% 2.3% 123 Westvaco Road
20.20 Property 1 Baymont Inn & Suites - 2006 North Merrill Avenue 0.0% 2.3% 2006 North Merrill Avenue
20.21 Property 1 Travelodge - 1710 Jefferson Street 0.0% 2.1% 1710 Jefferson Street
20.22 Property 1 Travelodge - 1625 Stillwater Avenue 0.0% 2.1% 1625 Stillwater Avenue
20.23 Property 1 Travelodge - 8233 Airline Highway 0.0% 2.0% 8233 Airline Highway
20.24 Property 1 Baymont Inn & Suites - 6390 US-93 0.0% 1.9% 6390 US-93
20.25 Property 1 Travelodge - 707 East Webster Street 0.0% 1.8% 707 East Webster Street
20.26 Property 1 Travelodge - 777 West Hwy 21 0.0% 1.7% 777 West Highway 21
20.27 Property 1 Travelodge - 3522 North Highway 59 0.0% 1.6% 3522 North Highway 59
20.28 Property 1 Travelodge - 108 6th Avenue 0.0% 1.5% 108 6th Avenue
20.29 Property 1 Travelodge - 2200 E South Avenue 0.0% 1.5% 2200 East South Avenue
20.30 Property 1 Travelodge - 128 South Willow Road 0.0% 1.2% 128 South Willow Road
20.31 Property 1 Travelodge - 1005 Highway 285 0.0% 1.2% 1005 Highway 285
20.32 Property 1 Days Inn - 3431 14th Avenue 0.0% 1.1% 3431 14th Avenue
20.33 Property 1 Travelodge - 2505 US 69 0.0% 0.9% 2505 US 69
20.34 Property 1 Baymont Inn & Suites - 3475 Union Road 0.0% 0.9% 3475 Union Road
20.35 Property 1 Travelodge - 1706 North Park Drive 0.0% 0.8% 1706 North Park Drive
20.36 Property 1 Baymont Inn & Suites - 2005 East Daley Street 0.0% 0.8% 2005 Daley Street
20.37 Property 1 Travelodge - 1177 E 16th Street 0.0% 0.7% 1177 East 16th Street
20.38 Property 1 Baymont Inn & Suites - 35450 Yermo Road 0.0% 0.7% 35450 Yermo Road
20.39 Property 1 Travelodge - 2407 East Holland Avenue 0.0% 0.6% 2407 East Holland Avenue
20.40 Property 1 Travelodge - 620 Souder Road 0.0% 0.6% 620 Souder Road
20.41 Property 1 Baymont Inn & Suites - 100 15th Street Southeast 0.0% 0.4% 100 15th Street Southeast
20.42 Property 1 Travelodge - 109 East Commerce Street 0.0% 0.3% 109 East Commerce Street
20.43 Property 1 Travelodge - 4000 Siskiyou Avenue 0.0% 0.3% 4000 Siskiyou Avenue
20.44 Property 1 Travelodge - 98 Moffat Avenue 0.0% 0.2% 98 Moffat Avenue
21 Loan 5, 6, 19 2 Holiday Inn Guin & Holiday Inn Express Brookhaven 1.6% SMC SMC NAP NAP Various
21.01 Property 1 Holiday Inn Express Brookhaven 0.9% 52.3% 1212 Brookway Boulevard
21.02 Property 1 Holiday Inn Guin 0.8% 47.7% 5750 State Highway 44
22 Loan 19 1 Stoney Creek Inn Kansas City Independence 1.6% 100.0% BMO BMO NAP NAP 18011 Bass Pro Drive
23 Loan 7, 19 1 Cross Island Plaza 1.5% 100.0% BMO BMO NAP NAP 13333 Brookville Boulevard
24 Loan 6, 17, 19, 23, 27 8 ExchangeRight In-Line Retail Portfolio #3 0.9% Barclays Barclays NAP NAP Various
24.01 Property 1 Walnut Creek 0.4% 45.5% 3773-3841 South Hamilton Road
24.02 Property 1 Marlboro Crossing 0.2% 18.8% 5700 Crain Highway
24.03 Property 1 Upper Deerfield 0.1% 8.9% 1000 North Pearl Street
24.04 Property 1 Vineland 0.1% 8.3% 1255 West Landis Avenue
24.05 Property 1 Coopersburg 0.1% 5.7% 216 East Fairmount Street
24.06 Property 1 Weeksville Crossing 0.0% 5.5% 1805 Weeksville Road
24.07 Property 1 Watertown 0.0% 4.3% 624 South Church Street
24.08 Property 1 Unity Point 0.0% 3.1% 3924 16th Street
25 Loan 19 1 Hampton Inn Columbus Dublin 0.8% 100.0% LMF LMF NAP NAP 3920 Tuller Road
26 Loan 2, 27 1 Peterboro Office & Retail 0.8% 100.0% AREF2 AREF2 NAP NAP 10 Peterboro Street
27 Loan 2 1 Volunteer RV Park 0.7% 100.0% BANA BANA NAP NAP 9514 Diggs Gap Road
28 Loan 6 2 Stonewood & Lone Oak MHC Portfolio 0.7% LMF LMF NAP NAP Various
28.01 Property 1 Stonewood MHC 0.5% 70.7% 1809 26th Street
28.02 Property 1 Lone Oak MHC 0.2% 29.3% 6803 and 6823 Southeast Mabel Avenue
29 Loan 2, 10, 29 1 Lagoons MHC / RV Park 0.7% 100.0% SGFC SGFC NAP NAP 600 Enterprise Boulevard
30 Loan 19 1 Homewood Suites Schaumburg 0.7% 100.0% SMC SMC NAP NAP 815 American Lane
31 Loan 1 8 Maple Avenue 0.6% 100.0% SMC SMC NAP NAP 8 Maple Avenue
32 Loan 2 1 852-854 Rogers Avenue 0.3% 100.0% LMF LMF NAP NAP 852-854 Rogers Avenue

A-1-2

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties City County State Zip Code General Property Type Detailed Property Type Year Built Year Renovated Number of Units Unit of Measure Loan Per Unit ($)
2 2 3, 29 7
1 Loan 1, 5, 7, 12, 19, 24 1 San Diego San Diego CA 92108 Retail Super Regional Mall 1969 2023 1377155 SF 326.76
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 Cambridge Middlesex MA 02141 Mixed Use Lab / Office 2022 NAP 479004 SF 1,109.59
3 Loan 13, 15, 19 1 Huntsville Madison AL 35811 Industrial Warehouse / Distribution 1979 2007 1361882 SF 49.56
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 Various Various Various Various Office Medical Various Various 1247943 SF 192.32
4.01 Property 1 Belpre Washington OH 45714 Office Medical 2020 NAP 77367 SF
4.02 Property 1 Farmington Hills Oakland MI 48334 Office Medical 1988 NAP 44639 SF
4.03 Property 1 Salem Marion OR 97301 Office Medical 1977 2006 30642 SF
4.04 Property 1 Goodyear Maricopa AZ 85395 Office Medical 1995 NAP 38637 SF
4.05 Property 1 Greenville Greenville SC 29615 Office Medical 1999 NAP 30924 SF
4.06 Property 1 Waterford Racine WI 53185 Office Medical 1999 NAP 23662 SF
4.07 Property 1 Warren Macomb MI 48093 Office Medical 2005 NAP 35219 SF
4.08 Property 1 Freehold Monmouth NJ 07728 Office Medical 1985 2009 25164 SF
4.09 Property 1 Munster Lake IN 46321 Office Medical 2008 2012 37040 SF
4.10 Property 1 Tallahassee Leon FL 32308 Office Medical 2008 2018 20000 SF
4.11 Property 1 Decatur DeKalb GA 30033 Office Medical 1993 2022 20800 SF
4.12 Property 1 Wautoma Waushara WI 54982 Office Medical 2004 NAP 21048 SF
4.13 Property 1 Gilbert Maricopa AZ 85234 Office Medical 2001 NAP 28488 SF
4.14 Property 1 Roscoe Winnebago IL 61073 Office Medical 2014 NAP 25200 SF
4.15 Property 1 Big Rapids Mecosta MI 49307 Office Medical 1982, 2015 NAP 20404 SF
4.16 Property 1 Harrisburg Dauphin PA 17109 Office Medical 1994 NAP 24000 SF
4.17 Property 1 Greenville Pitt NC 27834 Office Medical 2001 NAP 22528 SF
4.18 Property 1 Lancaster Lancaster PA 17603 Office Medical 1988 NAP 30623 SF
4.19 Property 1 Mechanicsburg Cumberland PA 17055 Office Medical 1990 NAP 15000 SF
4.20 Property 1 Houston Montgomery TX 77339 Office Medical 2005 NAP 29120 SF
4.21 Property 1 Pensacola Escambia FL 32504 Office Medical 2011 2021 18435 SF
4.22 Property 1 Fort Myers Lee FL 33919 Office Medical 1998 2021 24174 SF
4.23 Property 1 Greenville Greenville SC 29605 Office Medical 1997 NAP 21603 SF
4.24 Property 1 Harrisburg Dauphin PA 17111 Office Medical 1955 2018 11000 SF
4.25 Property 1 Rockwall Rockwall TX 75032 Office Medical 2008 NAP 18176 SF
4.26 Property 1 West Springfield Hampden MA 01089 Office Medical 2008 NAP 15000 SF
4.27 Property 1 York York PA 17403 Office Medical 1993 NAP 21316 SF
4.28 Property 1 Hilliard Franklin OH 43026 Office Medical 2006 NAP 24836 SF
4.29 Property 1 Albany Albany NY 12205 Office Medical 1999 NAP 44323 SF
4.30 Property 1 St. Clair Shores Macomb MI 48080 Office Medical 1985 NAP 17594 SF
4.31 Property 1 Washington Township Macomb MI 48094 Office Medical 2002 2021, 2022 19561 SF
4.32 Property 1 Temple Bell TX 76502 Office Medical 2008 NAP 10400 SF
4.33 Property 1 Clearwater Pinellas FL 33761 Office Medical 1973 2009 14936 SF
4.34 Property 1 Peoria Maricopa AZ 85381 Office Medical 2002 NAP 33615 SF
4.35 Property 1 Cleveland Cuyahoga OH 44120 Office Medical 2004 NAP 25070 SF
4.36 Property 1 Midwest City Oklahoma OK 73130 Office Medical 2004 NAP 20756 SF
4.37 Property 1 Sterling Heights Macomb MI 48312 Office Medical 1997 2019, 2021-2022 16936 SF
4.38 Property 1 Albany Albany NY 12203 Office Medical 1994 NAP 20780 SF
4.39 Property 1 Lawrenceville Gwinnett GA 30046 Office Medical 2007 NAP 10500 SF
4.40 Property 1 Merrillville Lake IN 46410 Office Medical 1985 2008 15504 SF
4.41 Property 1 Salem Marion OR 97301 Office Medical 1977 NAP 13968 SF
4.42 Property 1 Albany Albany NY 12205 Office Medical 1989 NAP 27840 SF
4.43 Property 1 East Stroudsburg Monroe PA 18301 Office Medical 2008 NAP 13410 SF
4.44 Property 1 Odessa Ector TX 79761 Office Medical 1984 NAP 12901 SF
4.45 Property 1 Kiel Manitowoc WI 53042 Office Medical 2004 NAP 9842 SF
4.46 Property 1 Tampa Hillsborough FL 33613 Office Medical 1988 NAP 10472 SF
4.47 Property 1 Wesley Chapel Pasco FL 33544 Office Medical 1990 NAP 10368 SF
4.48 Property 1 Suamico Brown WI 54313 Office Medical 2007 NAP 9318 SF
4.49 Property 1 Springfield Hampden MA 01104 Office Medical 1981 2005 11000 SF
4.50 Property 1 Lakewood Jefferson CO 80227 Office Medical 2005 NAP 7650 SF
4.51 Property 1 Northampton Hampshire MA 01060 Office Medical 2008 NAP 10563 SF
4.52 Property 1 Tampa Hillsborough FL 33613 Office Medical 1985 NAP 9724 SF
4.53 Property 1 Hudson Pasco FL 34667 Office Medical 1982 2009 8984 SF
4.54 Property 1 Albany Albany NY 12205 Office Medical 1992 NAP 28597 SF
4.55 Property 1 Keizer Marion OR 97303 Office Medical 1999 NAP 6510 SF
4.56 Property 1 Tampa Hillsborough FL 33647 Office Medical 2006 NAP 6522 SF
4.57 Property 1 Winfield Marion AL 35594 Office Medical 2008 NAP 5564 SF
4.58 Property 1 Tampa Hillsborough FL 33647 Office Medical 2002 NAP 6027 SF
4.59 Property 1 Troy Rensselaer NY 12180 Office Medical 2000 NAP 18842 SF
4.60 Property 1 Largo Pinellas FL 33778 Office Medical 1995 2012 7247 SF
4.61 Property 1 Greenville Outagamie WI 54942 Office Medical 2005 NAP 4088 SF
4.62 Property 1 Salem Marion OR 97301 Office Medical 1956 NAP 3486 SF
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 Philadelphia Philadelphia PA 19103 Office CBD 1987, 1992 2013 1896143 SF 116.03
6 Loan 19 1 Ashburn Loudoun VA 20147 Other Data Center 2010 NAP 132285 SF 453.57
7 Loan 1, 7, 12, 13, 19, 24 1 Auburn Hills Oakland MI 48326 Retail Outlet Center 1998 2010 1128332 SF 159.53
8 Loan 1, 4, 13, 23 1 Richmond Henrico VA 23228 Industrial Flex 1987, 1988, 1990, 1999 NAP 386087 SF 88.06
9 Loan 1, 7, 10, 12, 19 1 Fremont Alameda CA 94538 Industrial R&D / Manufacturing 2010 2016 574775 SF 299.25
10 Loan 15, 19, 21, 23 1 Carmel Hamilton IN 46290 Office Suburban 1986 2021 314164 SF 100.27
11 Loan 1, 7, 19, 24 1 Blackwood Camden NJ 08012 Retail Outlet Center 2015 NAP 378515 SF 198.14
12 Loan 1, 7, 12, 17, 19, 21 1 Louisville Jefferson KY 40222 Retail Super Regional Mall 1971 1984, 2013, 2022 904078 SF 99.55
13 Loan 7, 23, 24, 26, 27, 29 1 Herndon Fairfax VA 20171 Office Suburban 2008 2020 269873 SF 224.18
14 Loan 5, 19, 28, 29 1 Chattanooga Hamilton TN 37402 Hospitality Full Service 1978 2007, 2022 186 Rooms 104,838.71
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 Various Various Various Various Retail Anchored Various Various 188502 SF 103.45
15.01 Property 1 Sacramento Sacramento CA 95825 Retail Anchored 1954 2022 100162 SF
15.02 Property 1 Pueblo Pueblo CO 81001 Retail Anchored 1985 2020 88340 SF
16 Loan 1 Houston Harris TX 77036 Multifamily Garden 1979 2021 329 Units 48,632.22
17 Loan 1, 7, 12, 17, 19 1 La Porte Harris TX 77571 Industrial Other 1980, 1988, 1998 2013, 2018 100 Acres 935,000.00
18 Loan 7, 12, 13, 19, 23, 29 1 Bellaire Harris TX 77401 Office Medical 1975 2008 278489 SF 177.91

A-1-3

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties City County State Zip Code General Property Type Detailed Property Type Year Built Year Renovated Number of Units Unit of Measure Loan Per Unit ($)
2 2 3, 29 7
19 Loan 12 1 Kent Portage OH 44240 Multifamily Student Housing 1965, 1966 2005, 2023 223 Units 66,233.18
20 Loan 5, 6, 7, 19 44 Various Various Various Various Hospitality Limited Service Various Various 3729 Rooms 35,248.26
20.01 Property 1 Gillette Campbell WY 82718 Hospitality Limited Service 2001, 2007 2016-2017 154 Rooms
20.02 Property 1 Belen Valencia NM 87002 Hospitality Limited Service 1994, 2007 NAP 158 Rooms
20.03 Property 1 Green River Sweetwater WY 82935 Hospitality Limited Service 1997 2016-2017 192 Rooms
20.04 Property 1 Yuma Yuma AZ 85365 Hospitality Limited Service 1999 2016 119 Rooms
20.05 Property 1 North Platte Lincoln NE 69101 Hospitality Limited Service 2005 2016-2017 135 Rooms
20.06 Property 1 Dexter Stoddard MO 63841 Hospitality Limited Service 1997, 2006, 2015 NAP 133 Rooms
20.07 Property 1 Marysville Marshall KS 66508 Hospitality Limited Service 1999, 2007 NAP 139 Rooms
20.08 Property 1 Wellington Sumner KS 67152 Hospitality Limited Service 2015 NAP 110 Rooms
20.09 Property 1 Santa Teresa Dona Ana NM 88008 Hospitality Limited Service 2014 NAP 56 Rooms
20.10 Property 1 Nashville Davidson TN 37214 Hospitality Limited Service 1989 2017 103 Rooms
20.11 Property 1 Hearne Robertson TX 77859 Hospitality Limited Service 1999, 2016 2016 140 Rooms
20.12 Property 1 Fremont Dodge NE 68025 Hospitality Limited Service 2007 2017-2018 100 Rooms
20.13 Property 1 Elko Elko NV 89801 Hospitality Limited Service 1999 NAP 119 Rooms
20.14 Property 1 Lincoln Lancaster NE 68521 Hospitality Limited Service 1983, 1993 2016 132 Rooms
20.15 Property 1 Hermiston Umatilla OR 97838 Hospitality Limited Service 2002 NAP 86 Rooms
20.16 Property 1 Clinton Clinton IA 52732 Hospitality Limited Service 2005 NAP 123 Rooms
20.17 Property 1 Guernsey Platte WY 82214 Hospitality Limited Service 1978, 1980 2017 95 Rooms
20.18 Property 1 Pecos Reeves TX 79772 Hospitality Limited Service 2001, 2008 2015 61 Rooms
20.19 Property 1 Low Moor Alleghany VA 24457 Hospitality Limited Service 2009 NAP 30 Rooms
20.20 Property 1 Glendive Dawson MT 59330 Hospitality Limited Service 2014 NAP 74 Rooms
20.21 Property 1 Jefferson City Cole MO 65109 Hospitality Limited Service 1991 2013-2014 77 Rooms
20.22 Property 1 Cheyenne Laramie WY 82009 Hospitality Limited Service 1999 2016-2017 60 Rooms
20.23 Property 1 Livonia Pointe Coupee LA 70755 Hospitality Limited Service 2013 NAP 60 Rooms
20.24 Property 1 Whitefish Flathead MT 59937 Hospitality Limited Service 1991 2017 64 Rooms
20.25 Property 1 Morrill Scotts Bluff NE 69358 Hospitality Limited Service 1998-1999 2016 97 Rooms
20.26 Property 1 Milford Beaver UT 84751 Hospitality Limited Service 2002, 2006 NAP 75 Rooms
20.27 Property 1 Douglas Converse WY 82633 Hospitality Limited Service 2007 2014 112 Rooms
20.28 Property 1 Edgemont Fall River SD 57735 Hospitality Limited Service 1987 2016-2017 55 Rooms
20.29 Property 1 McAlester Pittsburg OK 74501 Hospitality Limited Service 2011 NAP 61 Rooms
20.30 Property 1 Missouri Valley Harrison IA 51555 Hospitality Limited Service 2006 NAP 41 Rooms
20.31 Property 1 Vaughn Guadalupe NM 88353 Hospitality Limited Service 1998 NAP 60 Rooms
20.32 Property 1 Fargo Cass ND 58103 Hospitality Limited Service 1993 NAP 74 Rooms
20.33 Property 1 Fort Scott Bourbon KS 66701 Hospitality Limited Service 2001 NAP 70 Rooms
20.34 Property 1 Buffalo Erie NY 14225 Hospitality Limited Service 2003 NAP 56 Rooms
20.35 Property 1 Winslow Navajo AZ 86047 Hospitality Limited Service 1982 NAP 72 Rooms
20.36 Property 1 Rawlins Carbon WY 82301 Hospitality Limited Service 2006 2016-2017 62 Rooms
20.37 Property 1 Wellington Sumner KS 67152 Hospitality Limited Service 1993, 1999 NAP 80 Rooms
20.38 Property 1 Yermo San Bernardino CA 92398 Hospitality Limited Service 2002 NAP 65 Rooms
20.39 Property 1 Alpine Brewster TX 79830 Hospitality Limited Service 2002 2014 40 Rooms
20.40 Property 1 Brunswick Frederick MD 21712 Hospitality Limited Service 2014 NAP 25 Rooms
20.41 Property 1 Glenwood Pope MN 56334 Hospitality Limited Service 2012 NAP 56 Rooms
20.42 Property 1 Sharon Springs Wallace KS 67758 Hospitality Limited Service 1997 NAP 50 Rooms
20.43 Property 1 Dunsmuir Siskiyou CA 96025 Hospitality Limited Service 2007 2017 21 Rooms
20.44 Property 1 Yampa Routt CO 80483 Hospitality Limited Service 2001 NAP 37 Rooms
21 Loan 5, 6, 19 2 Various Various Various Various Hospitality Various Various Various 178 Rooms 75,782.35
21.01 Property 1 Brookhaven Lincoln MS 39601 Hospitality Limited Service 2013 2022 79 Rooms
21.02 Property 1 Guin Marion AL 35563 Hospitality Full Service 2015 NAP 99 Rooms
22 Loan 19 1 Independence Jackson MO 64055 Hospitality Select Service 2015 NAP 167 Rooms 77,844.31
23 Loan 7, 19 1 Rosedale Queens NY 11422 Office CBD 1982 2021 256930 SF 165.41
24 Loan 6, 17, 19, 23, 27 8 Various Various Various Various Retail Various Various Various 95691 SF 76.62
24.01 Property 1 Groveport Franklin OH 43125 Retail Shadow Anchored 2008 NAP 29170 SF
24.02 Property 1 Upper Marlboro Prince George's MD 20772 Retail Shadow Anchored 1993 NAP 7027 SF
24.03 Property 1 Bridgeton Cumberland NJ 08302 Retail Shadow Anchored 1999 NAP 15861 SF
24.04 Property 1 Vineland Cumberland NJ 08360 Retail Shadow Anchored 2013 NAP 5064 SF
24.05 Property 1 Coopersburg Lehigh PA 18036 Retail Shadow Anchored 1973 1995 4020 SF
24.06 Property 1 Elizabeth City Pasquotank NC 27909 Retail Shadow Anchored 2007 NAP 6001 SF
24.07 Property 1 Watertown Jefferson WI 53094 Retail Shadow Anchored 1980 2010 26643 SF
24.08 Property 1 Moline Rock Island IL 61265 Retail Single Tenant 2018 NAP 1905 SF
25 Loan 19 1 Dublin Franklin OH 43017 Hospitality Limited Service 1988 2010, 2021-2022 123 Rooms 54,840.85
26 Loan 2, 27 1 Detroit Wayne MI 48201 Mixed Use Office / Retail 1921 NAP 51748 SF 125.52
27 Loan 2 1 Heiskell Knox TN 37754 Manufactured Housing Manufactured Housing 1982 NAP 135 Pads 44,444.44
28 Loan 6 2 Various Various OR Various Manufactured Housing Manufactured Housing Various NAP 123 Pads 47,967.48
28.01 Property 1 La Grande Union OR 97850 Manufactured Housing Manufactured Housing 1970 NAP 103 Pads
28.02 Property 1 Milwaukie Clackamas OR 97267 Manufactured Housing Manufactured Housing 1955 NAP 20 Pads
29 Loan 2, 10, 29 1 Rockport Aransas TX 78382 Manufactured Housing Manufactured Housing / RV Park 1997, 1998, 2007, 2008 NAP 303 Pads 18,151.82
30 Loan 19 1 Schaumburg Cook IL 60173 Hospitality Extended Stay 1990 NAP 108 Rooms 50,883.47
31 Loan 1 Bay Shore Suffolk NY 11706 Office Medical 1954 2002 8500 SF 564.71
32 Loan 2 1 Brooklyn Kings NY 11226 Mixed Use Multifamily / Retail 1910 2017 4 Units 635,000.00

A-1-4

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate % Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($)
6, 7 6, 7 6, 7 8 9 9 9 9
1 Loan 1, 5, 7, 12, 19, 24 1      82,500,000      82,500,000      82,500,000 5.73000% 0.01678% 5.71322% NAP 399,408.85 NAP 4,792,906.20
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 75,125,000 75,125,000 75,125,000 5.50950% 0.01678% 5.49272% NAP 349,708.18 NAP 4,196,498.16
3 Loan 13, 15, 19 1 67,500,000 67,500,000 67,500,000 6.59950% 0.01553% 6.58397% NAP 376,377.73 NAP 4,516,532.76
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 61,500,000 61,500,000 61,500,000 6.45300% 0.01553% 6.43747% NAP 335,309.53 NAP 4,023,714.36
4.01 Property 1 12,059,125 12,059,125 12,059,125
4.02 Property 1 2,047,438 2,047,438 2,047,438
4.03 Property 1 1,757,875 1,757,875 1,757,875
4.04 Property 1 1,465,750 1,465,750 1,465,750
4.05 Property 1 1,424,750 1,424,750 1,424,750
4.06 Property 1 1,314,563 1,314,563 1,314,563
4.07 Property 1 1,301,750 1,301,750 1,301,750
4.08 Property 1 1,278,688 1,278,688 1,278,688
4.09 Property 1 1,273,563 1,273,563 1,273,563
4.10 Property 1 1,204,375 1,204,375 1,204,375
4.11 Property 1 1,176,188 1,176,188 1,176,188
4.12 Property 1 1,163,375 1,163,375 1,163,375
4.13 Property 1 1,094,188 1,094,188 1,094,188
4.14 Property 1 1,094,188 1,094,188 1,094,188
4.15 Property 1 1,071,125 1,071,125 1,071,125
4.16 Property 1 1,068,563 1,068,563 1,068,563
4.17 Property 1 1,066,000 1,066,000 1,066,000
4.18 Property 1 1,060,875 1,060,875 1,060,875
4.19 Property 1 1,019,875 1,019,875 1,019,875
4.20 Property 1 981,438 981,438 981,438
4.21 Property 1 981,438 981,438 981,438
4.22 Property 1 912,250 912,250 912,250
4.23 Property 1 912,250 912,250 912,250
4.24 Property 1 899,438 899,438 899,438
4.25 Property 1 876,375 876,375 876,375
4.26 Property 1 858,438 858,438 858,438
4.27 Property 1 853,313 853,313 853,313
4.28 Property 1 822,563 822,563 822,563
4.29 Property 1 802,063 802,063 802,063
4.30 Property 1 802,063 802,063 802,063
4.31 Property 1 794,375 794,375 794,375
4.32 Property 1 773,875 773,875 773,875
4.33 Property 1 761,063 761,063 761,063
4.34 Property 1 748,250 748,250 748,250
4.35 Property 1 748,250 748,250 748,250
4.36 Property 1 740,563 740,563 740,563
4.37 Property 1 732,875 732,875 732,875
4.38 Property 1 720,063 720,063 720,063
4.39 Property 1 712,375 712,375 712,375
4.40 Property 1 663,688 663,688 663,688
4.41 Property 1 650,875 650,875 650,875
4.42 Property 1 650,875 650,875 650,875
4.43 Property 1 625,250 625,250 625,250
4.44 Property 1 543,250 543,250 543,250
4.45 Property 1 540,688 540,688 540,688
4.46 Property 1 525,313 525,313 525,313
4.47 Property 1 512,500 512,500 512,500
4.48 Property 1 512,500 512,500 512,500
4.49 Property 1 484,313 484,313 484,313
4.50 Property 1 484,313 484,313 484,313
4.51 Property 1 471,500 471,500 471,500
4.52 Property 1 443,313 443,313 443,313
4.53 Property 1 443,313 443,313 443,313
4.54 Property 1 415,125 415,125 415,125
4.55 Property 1 333,125 333,125 333,125
4.56 Property 1 317,750 317,750 317,750
4.57 Property 1 317,750 317,750 317,750
4.58 Property 1 304,938 304,938 304,938
4.59 Property 1 276,750 276,750 276,750
4.60 Property 1 276,750 276,750 276,750
4.61 Property 1 220,375 220,375 220,375
4.62 Property 1 110,188 110,188 110,188
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 60,000,000 60,000,000 60,000,000 7.78750% 0.01678% 7.77072% NAP 394,782.99 NAP 4,737,395.88
6 Loan 19 1 60,000,000 60,000,000 60,000,000 5.95000% 0.01553% 5.93447% NAP 301,631.94 NAP 3,619,583.28
7 Loan 1, 7, 12, 13, 19, 24 1 49,250,000 49,250,000 49,250,000 6.52100% 0.01553% 6.50547% NAP 271,349.83 NAP 3,256,197.96
8 Loan 1, 4, 13, 23 1 34,000,000 34,000,000 34,000,000 7.37000% 0.01553% 7.35447% NAP 211,716.90 NAP 2,540,602.80
9 Loan 1, 7, 10, 12, 19 1 32,000,000 32,000,000 32,000,000 7.04000% 0.01553% 7.02447% NAP 190,340.74 NAP 2,284,088.88
10 Loan 15, 19, 21, 23 1 31,500,000 31,500,000 31,500,000 7.67000% 0.01553% 7.65447% NAP 204,133.85 NAP 2,449,606.20
11 Loan 1, 7, 19, 24 1 25,000,000 25,000,000 25,000,000 6.12400% 0.01553% 6.10847% NAP 129,355.32 NAP 1,552,263.84
12 Loan 1, 7, 12, 17, 19, 21 1 22,500,000 22,500,000 22,500,000 8.12000% 0.01553% 8.10447% NAP 154,364.58 NAP 1,852,374.96
13 Loan 7, 23, 24, 26, 27, 29 1 20,500,000 20,500,000 20,500,000 6.05800% 0.01553% 6.04247% NAP 104,928.21 NAP 1,259,138.52
14 Loan 5, 19, 28, 29 1 19,500,000 19,500,000 19,500,000 7.03000% 0.01553% 7.01447% NAP 115,824.13 NAP 1,389,889.56
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 19,500,000 19,500,000 19,500,000 6.72000% 0.01553% 6.70447% NAP 110,716.67 NAP 1,328,600.04
15.01 Property 1 13,900,000 13,900,000 13,900,000
15.02 Property 1 5,600,000 5,600,000 5,600,000
16 Loan 1 16,000,000 16,000,000 15,098,317 6.68000% 0.01553% 6.66447% 103,032.30 90,303.70 1,236,387.60 1,083,644.44
17 Loan 1, 7, 12, 17, 19 1 15,675,000 15,675,000 15,675,000 7.20000% 0.01678% 7.18322% NAP 95,356.25 NAP 1,144,275.00
18 Loan 7, 12, 13, 19, 23, 29 1 15,000,000 14,983,960 14,396,476 8.18000% 0.01678% 8.16322% 111,952.68 NAP 1,343,432.16 NAP

 

 A-1-5 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate % Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($)
6, 7 6, 7 6, 7 8 9 9 9 9
19 Loan 12 1 14,770,000 14,770,000 14,770,000 7.32000% 0.06428% 7.25572% NAP 91,348.35 NAP 1,096,180.20
20 Loan 5, 6, 7, 19 44 15,000,000 13,597,319 10,382,971 4.85000% 0.01553% 4.83447% 91,376.45 NAP 1,096,517.40 NAP
20.01 Property 1 1,130,048 1,024,375 782,217
20.02 Property 1 917,927 832,090 635,387
20.03 Property 1 876,435 794,477 606,666
20.04 Property 1 786,843 713,264 544,651
20.05 Property 1 598,499 542,532 414,280
20.06 Property 1 558,859 506,599 386,841
20.07 Property 1 555,432 503,492 384,469
20.08 Property 1 521,895 473,091 361,255
20.09 Property 1 508,283 460,752 351,832
20.10 Property 1 482,808 437,660 334,199
20.11 Property 1 474,494 430,123 328,444
20.12 Property 1 442,720 401,320 306,450
20.13 Property 1 434,296 393,685 300,619
20.14 Property 1 427,433 387,463 295,868
20.15 Property 1 421,118 381,738 291,497
20.16 Property 1 376,076 340,909 260,319
20.17 Property 1 374,208 339,215 259,026
20.18 Property 1 370,918 336,233 256,749
20.19 Property 1 349,325 316,659 241,802
20.20 Property 1 340,144 308,336 235,447
20.21 Property 1 310,952 281,875 215,241
20.22 Property 1 310,792 281,729 215,130
20.23 Property 1 305,503 276,935 211,469
20.24 Property 1 283,266 256,777 196,076
20.25 Property 1 262,680 238,116 181,827
20.26 Property 1 250,107 226,719 173,124
20.27 Property 1 241,238 218,679 166,984
20.28 Property 1 229,099 207,676 158,582
20.29 Property 1 221,448 200,740 153,286
20.30 Property 1 187,293 169,779 129,644
20.31 Property 1 186,894 169,417 129,368
20.32 Property 1 159,322 144,424 110,283
20.33 Property 1 136,991 124,181 94,825
20.34 Property 1 132,231 119,865 91,530
20.35 Property 1 127,371 115,460 88,166
20.36 Property 1 122,344 110,903 84,686
20.37 Property 1 112,460 101,943 77,844
20.38 Property 1 109,717 99,458 75,946
20.39 Property 1 90,952 82,447 62,957
20.40 Property 1 82,759 75,020 57,285
20.41 Property 1 62,288 56,463 43,116
20.42 Property 1 51,724 46,887 35,803
20.43 Property 1 41,379 37,510 28,643
20.44 Property 1 33,427 30,301 23,138
21 Loan 5, 6, 19 2 13,500,000 13,489,258 11,823,440 7.15000% 0.01553% 7.13447% 91,179.91 NAP 1,094,158.92 NAP
21.01 Property 1 7,063,953 7,058,332 6,186,684
21.02 Property 1 6,436,047 6,430,925 5,636,756
22 Loan 19 1 13,000,000 13,000,000 11,961,742 6.98000% 0.01553% 6.96447% 86,314.78 76,666.90 1,035,777.36 920,002.80
23 Loan 7, 19 1 12,500,000 12,500,000 12,500,000 6.60500% 0.01553% 6.58947% NAP 69,757.67 NAP 837,092.04
24 Loan 6, 17, 19, 23, 27 8 7,332,000 7,332,000 7,332,000 6.45000% 0.01553% 6.43447% NAP 39,956.85 NAP 479,482.20
24.01 Property 1 3,335,000 3,335,000 3,335,000
24.02 Property 1 1,375,000 1,375,000 1,375,000
24.03 Property 1 650,000 650,000 650,000
24.04 Property 1 610,000 610,000 610,000
24.05 Property 1 420,000 420,000 420,000
24.06 Property 1 400,000 400,000 400,000
24.07 Property 1 317,000 317,000 317,000
24.08 Property 1 225,000 225,000 225,000
25 Loan 19 1 6,750,000 6,745,425 6,031,528 7.95000% 0.01553% 7.93447% 49,294.03 NAP 591,528.36 NAP
26 Loan 2, 27 1 6,500,000 6,495,229 5,752,096 7.55500% 0.08428% 7.47072% 45,693.99 NAP 548,327.88 NAP
27 Loan 2 1 6,000,000 6,000,000 6,000,000 6.94200% 0.09428% 6.84772% NAP 35,192.08 NAP 422,304.96
28 Loan 6 2 5,900,000 5,900,000 5,349,006 7.06000% 0.01553% 7.04447% 39,490.88 35,193.77 473,890.56 422,325.24
28.01 Property 1 4,172,143 4,172,143 3,782,511
28.02 Property 1 1,727,857 1,727,857 1,566,495
29 Loan 2, 10, 29 1 5,500,000 5,500,000 5,174,684 6.44500% 0.01553% 6.42947% 34,565.04 29,949.86 414,780.48 359,398.32
30 Loan 19 1 5,500,000 5,495,415 4,786,952 6.91400% 0.01553% 6.89847% 36,274.53 NAP 435,294.36 NAP
31 Loan 1 4,800,000 4,800,000 4,800,000 7.49700% 0.01553% 7.48147% NAP 30,404.50 NAP 364,854.00
32 Loan 2 1 2,540,000 2,540,000 2,540,000 7.29000% 0.01553% 7.27447% NAP 15,644.81 NAP 187,737.72

 

 A-1-6 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.)
          11                  
1 Loan 1, 5, 7, 12, 19, 24 1 Interest Only No Actual/360 120 119 120 119 0 0 5/25/2023 1
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 Interest Only - ARD Yes Actual/360 120 115 120 115 0 0 1/27/2023 5
3 Loan 13, 15, 19 1 Interest Only No Actual/360 120 119 120 119 0 0 6/6/2023 1
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 Interest Only No Actual/360 120 119 120 119 0 0 5/24/2023 1
4.01 Property   1                      
4.02 Property   1                      
4.03 Property   1                      
4.04 Property   1                      
4.05 Property   1                      
4.06 Property   1                      
4.07 Property   1                      
4.08 Property   1                      
4.09 Property   1                      
4.10 Property   1                      
4.11 Property   1                      
4.12 Property   1                      
4.13 Property   1                      
4.14 Property   1                      
4.15 Property   1                      
4.16 Property   1                      
4.17 Property   1                      
4.18 Property   1                      
4.19 Property   1                      
4.20 Property   1                      
4.21 Property   1                      
4.22 Property   1                      
4.23 Property   1                      
4.24 Property   1                      
4.25 Property   1                      
4.26 Property   1                      
4.27 Property   1                      
4.28 Property   1                      
4.29 Property   1                      
4.30 Property   1                      
4.31 Property   1                      
4.32 Property   1                      
4.33 Property   1                      
4.34 Property   1                      
4.35 Property   1                      
4.36 Property   1                      
4.37 Property   1                      
4.38 Property   1                      
4.39 Property   1                      
4.40 Property   1                      
4.41 Property   1                      
4.42 Property   1                      
4.43 Property   1                      
4.44 Property   1                      
4.45 Property   1                      
4.46 Property   1                      
4.47 Property   1                      
4.48 Property   1                      
4.49 Property   1                      
4.50 Property   1                      
4.51 Property   1                      
4.52 Property   1                      
4.53 Property   1                      
4.54 Property   1                      
4.55 Property   1                      
4.56 Property   1                      
4.57 Property   1                      
4.58 Property   1                      
4.59 Property   1                      
4.60 Property   1                      
4.61 Property   1                      
4.62 Property   1                      
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 Interest Only No Actual/360 60 59 60 59 0 0 6/1/2023 1
6 Loan 19 1 Interest Only No Actual/360 120 119 120 119 0 0 5/26/2023 1
7 Loan 1, 7, 12, 13, 19, 24 1 Interest Only No Actual/360 120 115 120 115 0 0 1/5/2023 5
8 Loan 1, 4, 13, 23 1 Interest Only No Actual/360 120 119 120 119 0 0 6/1/2023 1
9 Loan 1, 7, 10, 12, 19 1 Interest Only No Actual/360 120 119 120 119 0 0 5/24/2023 1
10 Loan 15, 19, 21, 23 1 Interest Only No Actual/360 60 59 60 59 0 0 6/2/2023 1
11 Loan 1, 7, 19, 24 1 Interest Only No Actual/360 120 116 120 116 0 0 2/3/2023 4
12 Loan 1, 7, 12, 17, 19, 21 1 Interest Only No Actual/360 60 59 60 59 0 0 5/25/2023 1
13 Loan 7, 23, 24, 26, 27, 29 1 Interest Only No Actual/360 60 56 60 56 0 0 3/2/2023 4
14 Loan 5, 19, 28, 29 1 Interest Only No Actual/360 84 83 84 83 0 0 5/12/2023 1
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 Interest Only No Actual/360 120 118 120 118 0 0 4/19/2023 2
15.01 Property   1                      
15.02 Property   1                      
16 Loan   1 Interest Only, Amortizing Balloon No Actual/360 60 58 120 118 360 360 4/28/2023 2
17 Loan 1, 7, 12, 17, 19 1 Interest Only No Actual/360 120 119 120 119 0 0 5/9/2023 1
18 Loan 7, 12, 13, 19, 23, 29 1 Amortizing Balloon No Actual/360 0 0 60 58 360 358 5/1/2023 2

 

 A-1-7 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.)
          11                  
19 Loan 12 1 Interest Only No Actual/360 120 120 120 120 0 0 6/7/2023 0
20 Loan 5, 6, 7, 19 44 Amortizing Balloon No Actual/360 0 0 120 77 270 227 11/27/2019 43
20.01 Property   1                      
20.02 Property   1                      
20.03 Property   1                      
20.04 Property   1                      
20.05 Property   1                      
20.06 Property   1                      
20.07 Property   1                      
20.08 Property   1                      
20.09 Property   1                      
20.10 Property   1                      
20.11 Property   1                      
20.12 Property   1                      
20.13 Property   1                      
20.14 Property   1                      
20.15 Property   1                      
20.16 Property   1                      
20.17 Property   1                      
20.18 Property   1                      
20.19 Property   1                      
20.20 Property   1                      
20.21 Property   1                      
20.22 Property   1                      
20.23 Property   1                      
20.24 Property   1                      
20.25 Property   1                      
20.26 Property   1                      
20.27 Property   1                      
20.28 Property   1                      
20.29 Property   1                      
20.30 Property   1                      
20.31 Property   1                      
20.32 Property   1                      
20.33 Property   1                      
20.34 Property   1                      
20.35 Property   1                      
20.36 Property   1                      
20.37 Property   1                      
20.38 Property   1                      
20.39 Property   1                      
20.40 Property   1                      
20.41 Property   1                      
20.42 Property   1                      
20.43 Property   1                      
20.44 Property   1                      
21 Loan 5, 6, 19 2 Amortizing Balloon No Actual/360 0 0 120 119 360 359 5/31/2023 1
21.01 Property   1                      
21.02 Property   1                      
22 Loan 19 1 Interest Only, Amortizing Balloon No Actual/360 36 35 120 119 360 360 5/12/2023 1
23 Loan 7, 19 1 Interest Only No Actual/360 120 118 120 118 0 0 5/2/2023 2
24 Loan 6, 17, 19, 23, 27 8 Interest Only No Actual/360 120 119 120 119 0 0 6/5/2023 1
24.01 Property   1                      
24.02 Property   1                      
24.03 Property   1                      
24.04 Property   1                      
24.05 Property   1                      
24.06 Property   1                      
24.07 Property   1                      
24.08 Property   1                      
25 Loan 19 1 Amortizing Balloon No Actual/360 0 0 120 119 360 359 5/26/2023 1
26 Loan 2, 27 1 Amortizing Balloon No Actual/360 0 0 120 119 360 359 6/2/2023 1
27 Loan 2 1 Interest Only No Actual/360 120 118 120 118 0 0 4/28/2023 2
28 Loan 6 2 Interest Only, Amortizing Balloon No Actual/360 24 22 120 118 360 360 5/11/2023 2
28.01 Property   1                      
28.02 Property   1                      
29 Loan 2, 10, 29 1 Interest Only, Amortizing Balloon No Actual/360 60 59 120 119 360 360 5/11/2023 1
30 Loan 19 1 Amortizing Balloon No Actual/360 0 0 120 119 360 359 6/2/2023 1
31 Loan   1 Interest Only No Actual/360 120 119 120 119 0 0 6/5/2023 1
32 Loan 2 1 Interest Only No Actual/360 120 119 120 119 0 0 5/30/2023 1

 

 A-1-8 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($)
                  10 10 12  
1 Loan 1, 5, 7, 12, 19, 24 1 1 7/1/2023 NAP 6/1/2033 6/1/2033 0 0 L(25),D(89),O(6) 100,144,513
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 10 3/10/2023 NAP 2/10/2033 2/10/2038 0 0 L(24),YM1(5),DorYM1(84),O(7) NAV
3 Loan 13, 15, 19 1 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(25),D(89),O(6) NAV
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(12),YM1(13),DorYM1(88),O(7) 35,060,045
4.01 Property   1                 NAV
4.02 Property   1                 NAV
4.03 Property   1                 NAV
4.04 Property   1                 NAV
4.05 Property   1                 NAV
4.06 Property   1                 NAV
4.07 Property   1                 NAV
4.08 Property   1                 NAV
4.09 Property   1                 NAV
4.10 Property   1                 NAV
4.11 Property   1                 NAV
4.12 Property   1                 NAV
4.13 Property   1                 NAV
4.14 Property   1                 NAV
4.15 Property   1                 NAV
4.16 Property   1                 NAV
4.17 Property   1                 NAV
4.18 Property   1                 NAV
4.19 Property   1                 NAV
4.20 Property   1                 NAV
4.21 Property   1                 NAV
4.22 Property   1                 NAV
4.23 Property   1                 NAV
4.24 Property   1                 NAV
4.25 Property   1                 NAV
4.26 Property   1                 NAV
4.27 Property   1                 NAV
4.28 Property   1                 NAV
4.29 Property   1                 NAV
4.30 Property   1                 NAV
4.31 Property   1                 NAV
4.32 Property   1                 NAV
4.33 Property   1                 NAV
4.34 Property   1                 NAV
4.35 Property   1                 NAV
4.36 Property   1                 NAV
4.37 Property   1                 NAV
4.38 Property   1                 NAV
4.39 Property   1                 NAV
4.40 Property   1                 NAV
4.41 Property   1                 NAV
4.42 Property   1                 NAV
4.43 Property   1                 NAV
4.44 Property   1                 NAV
4.45 Property   1                 NAV
4.46 Property   1                 NAV
4.47 Property   1                 NAV
4.48 Property   1                 NAV
4.49 Property   1                 NAV
4.50 Property   1                 NAV
4.51 Property   1                 NAV
4.52 Property   1                 NAV
4.53 Property   1                 NAV
4.54 Property   1                 NAV
4.55 Property   1                 NAV
4.56 Property   1                 NAV
4.57 Property   1                 NAV
4.58 Property   1                 NAV
4.59 Property   1                 NAV
4.60 Property   1                 NAV
4.61 Property   1                 NAV
4.62 Property   1                 NAV
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 6 7/6/2023 NAP 6/6/2028 6/6/2028 0 0 L(24),YM1(29),O(7) 48,803,159
6 Loan 19 1 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(24),YM1(89),O(7) NAV
7 Loan 1, 7, 12, 13, 19, 24 1 1 3/1/2023 NAP 2/1/2033 2/1/2033 0 0 L(29),D(85),O(6) 46,424,127
8 Loan 1, 4, 13, 23 1 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(25),D(91),O(4) 4,854,480
9 Loan 1, 7, 10, 12, 19 1 6 7/6/2023 NAP 6/6/2033 6/6/2033 5 0 L(25),D(88),O(7) NAV
10 Loan 15, 19, 21, 23 1 6 7/6/2023 NAP 6/6/2028 6/6/2028 0 0 L(25),D(28),O(7) 6,657,641
11 Loan 1, 7, 19, 24 1 1 4/1/2023 NAP 3/1/2033 3/1/2033 0 0 L(28),D(86),O(6) 17,430,237
12 Loan 1, 7, 12, 17, 19, 21 1 1 7/1/2023 NAP 6/1/2028 6/1/2028 0 0 L(25),D(31),O(4) 13,764,780
13 Loan 7, 23, 24, 26, 27, 29 1 5 4/5/2023 NAP 3/5/2028 3/5/2028 0 0 L(23),YM1(30),O(7) NAV
14 Loan 5, 19, 28, 29 1 1 7/1/2023 NAP 6/1/2030 6/1/2030 5 5 L(25),D(55),O(4) 9,562,200
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 6 6/6/2023 NAP 5/6/2033 5/6/2033 0 0 L(25),YM1(88),O(7) 2,231,460
15.01 Property   1                 1,900,875
15.02 Property   1                 330,585
16 Loan   1 6 6/6/2023 6/6/2028 5/6/2033 5/6/2033 0 0 L(24),YM1(92),O(4) 2,518,331
17 Loan 1, 7, 12, 17, 19 1 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(25),D(91),O(4) NAV
18 Loan 7, 12, 13, 19, 23, 29 1 1 6/1/2023 6/1/2023 5/1/2028 5/1/2028 0 4 L(26),YM1(27),O(7) 8,933,908

 

 A-1-9 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($)
                  10 10 12  
19 Loan 12 1 6 8/6/2023 NAP 7/6/2033 7/6/2033 0 0 L(24),D(92),O(4) 3,134,496
20 Loan 5, 6, 7, 19 44 6 1/6/2020 1/6/2020 12/6/2029 12/6/2029 0 0 L(24),YM2(92),O(4) 70,972,228
20.01 Property   1                 2,946,169
20.02 Property   1                 3,555,453
20.03 Property   1                 3,246,867
20.04 Property   1                 3,296,269
20.05 Property   1                 2,609,588
20.06 Property   1                 1,938,168
20.07 Property   1                 2,695,642
20.08 Property   1                 2,169,576
20.09 Property   1                 1,849,788
20.10 Property   1                 2,275,961
20.11 Property   1                 2,530,340
20.12 Property   1                 1,689,513
20.13 Property   1                 1,645,762
20.14 Property   1                 1,028,798
20.15 Property   1                 1,584,518
20.16 Property   1                 1,437,426
20.17 Property   1                 1,341,012
20.18 Property   1                 1,560,517
20.19 Property   1                 1,603,895
20.20 Property   1                 1,711,253
20.21 Property   1                 419,100
20.22 Property   1                 1,468,182
20.23 Property   1                 1,130,352
20.24 Property   1                 1,217,803
20.25 Property   1                 1,461,764
20.26 Property   1                 1,323,946
20.27 Property   1                 1,046,274
20.28 Property   1                 1,339,801
20.29 Property   1                 1,246,361
20.30 Property   1                 1,557,047
20.31 Property   1                 1,551,860
20.32 Property   1                 567,745
20.33 Property   1                 911,303
20.34 Property   1                 1,241,438
20.35 Property   1                 1,134,486
20.36 Property   1                 1,494,467
20.37 Property   1                 1,528,595
20.38 Property   1                 1,555,947
20.39 Property   1                 1,237,681
20.40 Property   1                 987,750
20.41 Property   1                 1,364,853
20.42 Property   1                 672,989
20.43 Property   1                 881,231
20.44 Property   1                 914,738
21 Loan 5, 6, 19 2 6 7/6/2023 7/6/2023 6/6/2033 6/6/2033 0 0 L(24),YM1(92),O(4) 5,851,707
21.01 Property   1                 2,581,940
21.02 Property   1                 3,269,767
22 Loan 19 1 6 7/6/2023 7/6/2026 6/6/2033 6/6/2033 0 0 L(25),D(90),O(5) 7,215,208
23 Loan 7, 19 1 6 6/6/2023 NAP 5/6/2033 5/6/2033 0 0 L(26),D(90),O(4) 6,968,773
24 Loan 6, 17, 19, 23, 27 8 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(25),D(88),O(7) NAV
24.01 Property   1                 NAV
24.02 Property   1                 NAV
24.03 Property   1                 NAV
24.04 Property   1                 NAV
24.05 Property   1                 NAV
24.06 Property   1                 NAV
24.07 Property   1                 NAV
24.08 Property   1                 NAV
25 Loan 19 1 6 7/6/2023 7/6/2023 6/6/2033 6/6/2033 0 0 L(25),D(91),O(4) 2,674,048
26 Loan 2, 27 1 6 7/6/2023 7/6/2023 6/6/2033 6/6/2033 0 0 L(25),D(91),O(4) 1,341,645
27 Loan 2 1 1 6/1/2023 NAP 5/1/2033 5/1/2033 5 4 L(26),D(90),O(4) 1,046,342
28 Loan 6 2 6 6/6/2023 6/6/2025 5/6/2033 5/6/2033 0 0 L(26),D(90),O(4) 752,175
28.01 Property   1                 535,233
28.02 Property   1                 216,942
29 Loan 2, 10, 29 1 1 7/1/2023 7/1/2028 6/1/2033 6/1/2033 5 5 L(25),D(91),O(4) 1,517,962
30 Loan 19 1 6 7/6/2023 7/6/2023 6/6/2033 6/6/2033 0 0 L(25),D(90),O(5) 4,406,007
31 Loan   1 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(25),D(91),O(4) NAV
32 Loan 2 1 6 7/6/2023 NAP 6/6/2033 6/6/2033 0 0 L(23),YM1(93),O(4) 264,902

 

 A-1-10 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties  Most Recent Expenses ($)   Most Recent NOI ($)   Most Recent NOI Date   Most Recent Description  Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($)  Second Most Recent NOI Date 
                      16
1 Loan 1, 5, 7, 12, 19, 24 1 19,298,501 80,846,012 12/31/2022  T-12  97,018,960 17,953,015 79,065,945 12/31/2021
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
3 Loan 13, 15, 19 1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 8,127,805 26,932,240 3/31/2023  T-12  34,545,376 8,000,537 26,544,839 12/31/2022
4.01 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.02 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.03 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.04 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.05 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.06 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.07 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.08 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.09 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.10 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.11 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.12 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.13 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.14 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.15 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.16 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.17 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.18 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.19 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.20 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.21 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.22 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.23 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.24 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.25 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.26 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.27 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.28 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.29 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.30 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.31 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.32 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.33 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.34 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.35 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.36 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.37 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.38 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.39 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.40 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.41 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.42 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.43 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.44 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.45 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.46 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.47 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.48 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.49 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.50 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.51 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.52 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.53 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.54 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.55 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.56 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.57 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.58 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.59 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.60 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.61 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
4.62 Property   1 NAV NAV NAV  NAV   NAV  NAV  NAV  NAV
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 23,821,189 24,981,970 4/30/2023  T-12  50,751,623 26,352,623 24,399,000 12/31/2022
6 Loan 19 1 NAV NAV NAV NAV NAV NAV NAV NAV
7 Loan 1, 7, 12, 13, 19, 24 1 14,768,491 31,655,635 11/30/2022 T-12 47,261,766 14,350,428 32,911,337 12/31/2021
8 Loan 1, 4, 13, 23 1 1,029,270 3,825,210 3/31/2023 T-12 4,905,030 1,037,061 3,867,969 12/31/2022
9 Loan 1, 7, 10, 12, 19 1 NAV NAV NAV NAV NAV NAV NAV NAV
10 Loan 15, 19, 21, 23 1 2,848,412 3,809,229 4/30/2023 T-12 6,432,250 2,948,001 3,484,248 12/31/2022
11 Loan 1, 7, 19, 24 1 6,839,144 10,591,093 9/30/2022 T-12 17,485,867 6,696,233 10,789,634 12/31/2021
12 Loan 1, 7, 12, 17, 19, 21 1 5,399,993 8,364,787 3/31/2023 T-12 13,543,639 5,170,292 8,373,346 12/31/2022
13 Loan 7, 23, 24, 26, 27, 29 1 NAV NAV NAV NAV NAV NAV NAV NAV
14 Loan 5, 19, 28, 29 1 6,250,492 3,311,708 3/31/2023 T-12 9,629,559 6,235,108 3,394,451 12/31/2022
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 670,501 1,560,958 12/31/2022 T-12 2,258,460 693,268 1,565,193 Various
15.01 Property 1 511,614 1,389,261 12/31/2022 T-12 1,911,028 564,097 1,346,931 6/30/2021
15.02 Property 1 158,887 171,698 12/31/2022 T-12 347,432 129,171 218,261 12/31/2021
16 Loan 1 840,303 1,678,028 2/28/2023 T-12 2,462,887 865,425 1,597,462 12/31/2022
17 Loan 1, 7, 12, 17, 19 1 NAV NAV NAV NAV NAV NAV NAV NAV
18 Loan 7, 12, 13, 19, 23, 29 1 3,561,766 5,372,142 2/28/2023 T-12 8,879,688 3,529,767 5,349,921 12/31/2022

 

 A-1-11 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties  Most Recent Expenses ($)   Most Recent NOI ($)   Most Recent NOI Date   Most Recent Description  Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($)  Second Most Recent NOI Date 
                      16
19 Loan 12 1 1,991,837 1,142,659 3/31/2023 T-12 3,036,208 1,893,870 1,142,338 12/31/2022
20 Loan 5, 6, 7, 19 44 52,505,741 18,466,487 3/31/2023 T-12 69,753,877 51,239,802 18,514,075 12/31/2022
20.01 Property 1 977,889 1,968,280 3/31/2023 T-12 2,903,565 940,879 1,962,686 12/31/2022
20.02 Property 1 2,579,123 976,330 3/31/2023 T-12 3,438,356 2,437,942 1,000,414 12/31/2022
20.03 Property 1 1,987,043 1,259,824 3/31/2023 T-12 3,203,773 1,926,403 1,277,370 12/31/2022
20.04 Property 1 2,372,058 924,211 3/31/2023 T-12 3,274,932 2,391,766 883,166 12/31/2022
20.05 Property 1 2,026,673 582,915 3/31/2023 T-12 2,610,712 1,997,548 613,164 12/31/2022
20.06 Property 1 1,323,530 614,638 3/31/2023 T-12 2,010,325 1,281,475 728,850 12/31/2022
20.07 Property 1 1,666,646 1,028,996 3/31/2023 T-12 2,444,273 1,600,211 844,062 12/31/2022
20.08 Property 1 1,169,414 1,000,162 3/31/2023 T-12 2,144,457 1,093,137 1,051,320 12/31/2022
20.09 Property 1 966,381 883,407 3/31/2023 T-12 1,841,975 944,994 896,981 12/31/2022
20.10 Property 1 1,633,563 642,398 3/31/2023 T-12 2,257,895 1,631,358 626,537 12/31/2022
20.11 Property 1 1,736,314 794,026 3/31/2023 T-12 2,476,279 1,747,056 729,223 12/31/2022
20.12 Property 1 1,447,437 242,076 3/31/2023 T-12 1,715,625 1,359,695 355,930 12/31/2022
20.13 Property 1 1,153,529 492,233 3/31/2023 T-12 1,635,735 1,097,760 537,975 12/31/2022
20.14 Property 1 965,847 62,951 3/31/2023 T-12 1,003,240 934,461 68,779 12/31/2022
20.15 Property 1 1,111,071 473,447 3/31/2023 T-12 1,612,263 1,071,620 540,643 12/31/2022
20.16 Property 1 1,000,924 436,502 3/31/2023 T-12 1,500,807 1,032,956 467,851 12/31/2022
20.17 Property 1 849,698 491,314 3/31/2023 T-12 1,339,860 820,295 519,565 12/31/2022
20.18 Property 1 857,772 702,745 3/31/2023 T-12 1,531,545 777,354 754,191 12/31/2022
20.19 Property 1 1,082,313 521,582 3/31/2023 T-12 1,533,056 1,052,094 480,962 12/31/2022
20.20 Property 1 1,313,180 398,073 3/31/2023 T-12 1,688,583 1,266,966 421,617 12/31/2022
20.21 Property 1 653,514 (234,414) 3/31/2023 T-12 437,544 662,545 (225,001) 12/31/2022
20.22 Property 1 1,479,750 (11,568) 3/31/2023 T-12 1,453,114 1,414,882 38,232 12/31/2022
20.23 Property 1 724,434 405,918 3/31/2023 T-12 1,119,259 722,743 396,516 12/31/2022
20.24 Property 1 886,108 331,695 3/31/2023 T-12 1,159,240 876,024 283,216 12/31/2022
20.25 Property 1 1,170,939 290,825 3/31/2023 T-12 1,436,664 1,159,488 277,176 12/31/2022
20.26 Property 1 1,061,317 262,629 3/31/2023 T-12 1,423,859 1,072,072 351,787 12/31/2022
20.27 Property 1 1,123,567 (77,293) 3/31/2023 T-12 1,028,695 1,084,240 (55,545) 12/31/2022
20.28 Property 1 504,578 835,223 3/31/2023 T-12 1,131,060 491,299 639,761 12/31/2022
20.29 Property 1 718,899 527,462 3/31/2023 T-12 1,234,795 703,852 530,943 12/31/2022
20.30 Property 1 1,173,429 383,618 3/31/2023 T-12 1,492,790 1,138,816 353,974 12/31/2022
20.31 Property 1 1,377,555 174,305 3/31/2023 T-12 1,542,782 1,285,216 257,566 12/31/2022
20.32 Property 1 762,688 (194,943) 3/31/2023 T-12 609,443 804,143 (194,700) 12/31/2022
20.33 Property 1 804,007 107,296 3/31/2023 T-12 936,800 835,719 101,081 12/31/2022
20.34 Property 1 1,011,719 229,719 3/31/2023 T-12 1,210,980 982,768 228,212 12/31/2022
20.35 Property 1 1,056,682 77,804 3/31/2023 T-12 1,139,111 1,047,284 91,827 12/31/2022
20.36 Property 1 1,230,246 264,221 3/31/2023 T-12 1,340,488 1,183,108 157,380 12/31/2022
20.37 Property 1 1,311,538 217,057 3/31/2023 T-12 1,500,336 1,245,233 255,103 12/31/2022
20.38 Property 1 1,345,073 210,874 3/31/2023 T-12 1,520,569 1,319,524 201,045 12/31/2022
20.39 Property 1 1,085,723 151,958 3/31/2023 T-12 1,193,212 1,062,088 131,124 12/31/2022
20.40 Property 1 841,049 146,701 3/31/2023 T-12 931,864 823,686 108,178 12/31/2022
20.41 Property 1 1,362,417 2,436 3/31/2023 T-12 1,353,344 1,337,936 15,408 12/31/2022
20.42 Property 1 768,718 (95,729) 3/31/2023 T-12 623,534 733,353 (109,819) 12/31/2022
20.43 Property 1 1,065,876 (184,645) 3/31/2023 T-12 866,738 1,059,368 (192,630) 12/31/2022
20.44 Property 1 765,510 149,228 3/31/2023 T-12 900,400 788,445 111,955 12/31/2022
21 Loan 5, 6, 19 2 3,582,438 2,269,269 3/31/2023 T-12 5,649,764 3,463,458 2,186,306 12/31/2022
21.01 Property 1 1,408,419 1,173,521 3/31/2023 T-12 2,468,500 1,359,322 1,109,178 12/31/2022
21.02 Property 1 2,174,019 1,095,748 3/31/2023 T-12 3,181,264 2,104,136 1,077,128 12/31/2022
22 Loan 19 1 4,884,090 2,331,118 2/28/2023 T-12 7,136,298 4,760,470 2,375,828 12/31/2022
23 Loan 7, 19 1 3,428,484 3,540,289 12/31/2022 T-12 NAV NAV NAV NAV
24 Loan 6, 17, 19, 23, 27 8 NAV NAV NAV NAV NAV NAV NAV NAV
24.01 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
24.02 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
24.03 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
24.04 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
24.05 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
24.06 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
24.07 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
24.08 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV
25 Loan 19 1 1,828,620 845,428 5/31/2023 T-12 2,375,199 1,783,400 591,799 12/31/2022
26 Loan 2, 27 1 487,769 853,876 3/31/2023 T-12 1,349,015 463,832 885,183 12/31/2022
27 Loan 2 1 380,616 665,726 3/31/2023 T-12 1,007,743 355,729 652,014 12/31/2022
28 Loan 6 2 170,403 581,772 3/31/2023 T-12 716,256 168,996 547,260 12/31/2022
28.01 Property 1 132,658 402,575 3/31/2023 T-12 504,264 131,727 372,537 12/31/2022
28.02 Property 1 37,745 179,197 3/31/2023 T-12 211,992 37,269 174,723 12/31/2022
29 Loan 2, 10, 29 1 779,803 738,158 2/28/2023 T-12 1,407,565 733,617 673,949 12/31/2022
30 Loan 19 1 2,662,113 1,743,894 4/30/2023 T-12 4,278,143 2,603,054 1,675,089 12/31/2022
31 Loan 1 NAV NAV NAV NAV NAV NAV NAV NAV
32 Loan 2 1 44,984 219,918 4/30/2023 T-12 256,061 43,587 212,473 12/31/2022

 

 A-1-12 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Second Most Recent Description  Third Most Recent EGI ($)  Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($)
                      29    
1 Loan 1, 5, 7, 12, 19, 24 1 T-12 89,629,550 16,856,897 72,772,653 12/31/2020 T-12 89.9% 103,974,716 19,972,427 84,002,289
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAV NAV NAV NAV NAV NAV 99.0% 62,561,733 13,277,931 49,283,802
3 Loan 13, 15, 19 1 NAV NAV NAV NAV NAV NAV 95.0% 8,083,828 242,515 7,841,314
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 T-12 24,763,470 6,060,988 18,702,482 12/31/2021 T-12 95.0% 39,365,086 10,218,760 29,146,326
4.01 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.02 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.03 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.04 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.05 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.06 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.07 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.08 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.09 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.10 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.11 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.12 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.13 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.14 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.15 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.16 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.17 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.18 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.19 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.20 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.21 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.22 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.23 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.24 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.25 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.26 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.27 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.28 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.29 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.30 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.31 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.32 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.33 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.34 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.35 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.36 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.37 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.38 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.39 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.40 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.41 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.42 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.43 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.44 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.45 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.46 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.47 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.48 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.49 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.50 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.51 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.52 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.53 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.54 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.55 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.56 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.57 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.58 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.59 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.60 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.61 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4.62 Property 1 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 T-12 48,746,255 26,530,878 22,215,377 12/31/2021 T-12 76.6% 55,090,239 25,392,147 29,698,092
6 Loan 19 1 NAV NAV NAV NAV NAV NAV 95.0% 14,600,511 3,741,981 10,858,530
7 Loan 1, 7, 12, 13, 19, 24 1 T-12 40,708,568 12,857,184 27,851,384 12/31/2020 T-12 92.6% 47,000,639 15,438,872 31,561,767
8 Loan 1, 4, 13, 23 1 T-12 4,710,342 1,012,006 3,698,336 12/31/2021 T-12 90.1% 4,892,244 1,100,928 3,791,316
9 Loan 1, 7, 10, 12, 19 1 NAV NAV NAV NAV NAV NAV 95.0% 28,021,697 4,631,757 23,389,940
10 Loan 15, 19, 21, 23 1 T-12 5,484,662 2,706,768 2,777,894 12/31/2021 T-12 82.0% 6,548,909 2,884,658 3,664,251
11 Loan 1, 7, 19, 24 1 T-12 15,379,851 5,710,487 9,669,364 12/31/2020 T-12 78.9% 18,425,444 6,960,965 11,464,479
12 Loan 1, 7, 12, 17, 19, 21 1 T-12 12,335,513 5,120,779 7,214,734 12/31/2021 T-12 91.5% 17,679,768 5,692,700 11,987,068
13 Loan 7, 23, 24, 26, 27, 29 1 NAV NAV NAV NAV NAV NAV 97.0% 10,913,588 2,696,610 8,216,978
14 Loan 5, 19, 28, 29 1 T-12 6,839,018 4,839,685 1,999,333 12/31/2021 T-12 76.1% 9,974,512 6,551,808 3,422,704
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 T-12 2,125,910 714,500 1,411,410 12/31/2020 T-12 88.3% 2,926,512 775,013 2,151,498
15.01 Property 1 T-12 1,762,344 569,960 1,192,384 12/31/2020 T-12 95.0% 2,216,708 614,745 1,601,963
15.02 Property 1 T-12 363,566 144,540 219,026 12/31/2020 T-12 74.2% 709,804 160,269 549,535
16 Loan 1 T-12 2,210,603 885,956 1,324,648 12/31/2021 T-12 93.5% 2,518,331 955,073 1,563,257
17 Loan 1, 7, 12, 17, 19 1 NAV NAV NAV NAV NAV NAV 95.0% 11,818,628 1,258,086 10,560,543
18 Loan 7, 12, 13, 19, 23, 29 1 T-12 8,730,869 3,083,990 5,646,879 12/31/2021 T-12 91.2% 9,178,222 3,505,798 5,672,425

 

 A-1-13 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Second Most Recent Description  Third Most Recent EGI ($)  Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($)
                      29    
19 Loan 12 1 T-12 2,087,668 1,712,019 375,649 12/31/2021 T-12 87.5% 3,496,423 1,701,320 1,795,104
20 Loan 5, 6, 7, 19 44 T-12 65,991,899 46,332,987 19,658,912 12/31/2021 T-12 55.0% 70,972,228 51,573,306 19,398,922
20.01 Property 1 T-12 2,664,252 825,108 1,839,144 12/31/2021 T-12 34.0% 2,946,169 957,539 1,988,630
20.02 Property 1 T-12 3,007,302 2,114,084 893,218 12/31/2021 T-12 91.2% 3,555,453 2,572,064 983,389
20.03 Property 1 T-12 3,126,580 1,826,952 1,299,628 12/31/2021 T-12 51.7% 3,246,867 1,948,191 1,298,676
20.04 Property 1 T-12 2,795,063 1,936,261 858,802 12/31/2021 T-12 67.9% 3,296,269 2,333,475 962,794
20.05 Property 1 T-12 2,552,283 1,863,148 689,135 12/31/2021 T-12 43.1% 2,609,588 2,010,106 599,482
20.06 Property 1 T-12 2,191,987 1,255,934 936,053 12/31/2021 T-12 48.9% 1,938,168 1,305,789 632,379
20.07 Property 1 T-12 2,330,598 1,408,357 922,241 12/31/2021 T-12 49.0% 2,695,642 1,499,841 1,195,801
20.08 Property 1 T-12 2,051,515 1,210,856 840,659 12/31/2021 T-12 92.5% 2,169,576 1,292,922 876,654
20.09 Property 1 T-12 1,703,496 900,585 802,911 12/31/2021 T-12 67.6% 1,849,788 952,547 897,241
20.10 Property 1 T-12 1,346,855 1,084,619 262,236 12/31/2021 T-12 50.3% 2,275,961 1,555,038 720,923
20.11 Property 1 T-12 2,482,376 1,585,516 896,860 12/31/2021 T-12 59.8% 2,530,340 1,689,995 840,345
20.12 Property 1 T-12 1,664,810 1,139,539 525,271 12/31/2021 T-12 48.6% 1,689,513 1,362,201 327,312
20.13 Property 1 T-12 1,857,944 1,033,716 824,228 12/31/2021 T-12 52.1% 1,645,762 1,107,135 538,627
20.14 Property 1 T-12 930,339 740,228 190,111 12/31/2021 T-12 43.7% 1,028,798 968,871 59,927
20.15 Property 1 T-12 1,405,717 868,272 537,445 12/31/2021 T-12 71.8% 1,584,518 1,080,708 503,810
20.16 Property 1 T-12 1,457,478 976,734 480,744 12/31/2021 T-12 42.3% 1,437,426 1,000,935 436,491
20.17 Property 1 T-12 1,305,805 708,602 597,203 12/31/2021 T-12 58.6% 1,341,012 844,930 496,082
20.18 Property 1 T-12 1,329,337 703,906 625,431 12/31/2021 T-12 72.1% 1,560,517 828,971 731,546
20.19 Property 1 T-12 1,408,063 933,201 474,862 12/31/2021 T-12 75.3% 1,603,895 1,063,732 540,163
20.20 Property 1 T-12 1,756,331 1,136,389 619,942 12/31/2021 T-12 53.0% 1,711,253 1,277,351 433,902
20.21 Property 1 T-12 408,550 518,609 (110,059) 12/31/2021 T-12 24.1% 419,100 633,644 (214,544)
20.22 Property 1 T-12 1,670,366 1,249,339 421,027 12/31/2021 T-12 65.8% 1,468,182 1,452,993 15,189
20.23 Property 1 T-12 1,099,038 649,945 449,093 12/31/2021 T-12 69.1% 1,130,352 710,609 419,743
20.24 Property 1 T-12 1,304,851 831,733 473,118 12/31/2021 T-12 65.6% 1,217,803 892,647 325,156
20.25 Property 1 T-12 1,384,924 1,082,638 302,286 12/31/2021 T-12 39.7% 1,461,764 1,145,239 316,525
20.26 Property 1 T-12 1,453,172 1,073,730 379,442 12/31/2021 T-12 43.7% 1,323,946 1,031,630 292,316
20.27 Property 1 T-12 937,283 1,043,145 (105,862) 12/31/2021 T-12 32.4% 1,046,274 1,106,910 (60,636)
20.28 Property 1 T-12 914,160 444,902 469,258 12/31/2021 T-12 61.6% 1,339,801 492,764 847,037
20.29 Property 1 T-12 1,039,436 611,547 427,889 12/31/2021 T-12 73.0% 1,246,361 699,134 547,227
20.30 Property 1 T-12 1,306,612 986,014 320,598 12/31/2021 T-12 72.7% 1,557,047 1,143,963 413,084
20.31 Property 1 T-12 1,564,378 1,143,798 420,580 12/31/2021 T-12 71.6% 1,551,860 1,380,237 171,623
20.32 Property 1 T-12 1,271,851 1,087,193 184,658 12/31/2021 T-12 28.6% 567,745 717,511 (149,766)
20.33 Property 1 T-12 1,047,625 859,236 188,389 12/31/2021 T-12 44.6% 911,303 804,094 107,209
20.34 Property 1 T-12 920,646 867,910 52,736 12/31/2021 T-12 69.4% 1,241,438 1,000,129 241,309
20.35 Property 1 T-12 1,046,395 931,332 115,063 12/31/2021 T-12 89.4% 1,134,486 1,047,560 86,926
20.36 Property 1 T-12 1,214,290 1,001,342 212,948 12/31/2021 T-12 47.7% 1,494,467 1,208,670 285,797
20.37 Property 1 T-12 1,390,370 1,220,268 170,102 12/31/2021 T-12 28.2% 1,528,595 1,314,796 213,799
20.38 Property 1 T-12 1,205,989 1,223,459 (17,470) 12/31/2021 T-12 50.9% 1,555,947 1,314,830 241,117
20.39 Property 1 T-12 1,243,981 1,163,784 80,197 12/31/2021 T-12 50.2% 1,237,681 1,076,618 161,063
20.40 Property 1 T-12 822,564 794,427 28,137 12/31/2021 T-12 46.0% 987,750 843,395 144,355
20.41 Property 1 T-12 1,187,572 1,086,316 101,256 12/31/2021 T-12 72.8% 1,364,853 1,350,665 14,188
20.42 Property 1 T-12 659,474 701,041 (41,567) 12/31/2021 T-12 27.9% 672,989 751,731 (78,742)
20.43 Property 1 T-12 778,734 784,980 (6,246) 12/31/2021 T-12 74.0% 881,231 1,045,501 (164,270)
20.44 Property 1 T-12 751,507 724,292 27,215 12/31/2021 T-12 54.2% 914,738 755,693 159,045
21 Loan 5, 6, 19 2 T-12 5,276,938 3,166,357 2,110,581 12/31/2021 T-12 65.0% 5,851,707 3,592,968 2,258,739
21.01 Property 1 T-12 2,277,659 1,257,945 1,019,714 12/31/2021 T-12 70.6% 2,581,940 1,401,103 1,180,837
21.02 Property 1 T-12 2,999,279 1,908,412 1,090,867 12/31/2021 T-12 60.6% 3,269,767 2,191,864 1,077,903
22 Loan 19 1 T-12 5,607,511 3,583,180 2,024,331 12/31/2021 T-12 70.5% 7,222,208 5,115,413 2,106,795
23 Loan 7, 19 1 NAV NAV NAV NAV NAV NAV 89.1% 8,112,684 3,515,080 4,597,605
24 Loan 6, 17, 19, 23, 27 8 NAV NAV NAV NAV NAV NAV 91.4% 2,199,022 660,587 1,538,434
24.01 Property 1 NAV NAV NAV NAV NAV NAV 100.0% 999,877 301,805 698,072
24.02 Property 1 NAV NAV NAV NAV NAV NAV 100.0% 304,016 46,618 257,398
24.03 Property 1 NAV NAV NAV NAV NAV NAV 100.0% 239,830 87,217 152,613
24.04 Property 1 NAV NAV NAV NAV NAV NAV 70.5% 140,188 38,701 101,487
24.05 Property 1 NAV NAV NAV NAV NAV NAV 100.0% 127,166 23,852 103,313
24.06 Property 1 NAV NAV NAV NAV NAV NAV 100.0% 109,771 19,133 90,638
24.07 Property 1 NAV NAV NAV NAV NAV NAV 59.9% 217,967 132,298 85,669
24.08 Property 1 NAV NAV NAV NAV NAV NAV 100.0% 60,207 10,963 49,244
25 Loan 19 1 T-12 1,634,924 1,486,659 148,265 12/31/2021 T-12 69.9% 2,674,048 1,732,903 941,146
26 Loan 2, 27 1 T-12 NAV NAV NAV NAV NAV 95.0% 1,369,618 499,812 869,806
27 Loan 2 1 T-12 NAV NAV NAV NAV NAV 89.3% 1,046,342 364,473 681,869
28 Loan 6 2 T-12 629,454 97,457 531,997 12/31/2021 T-12 95.0% 803,885 198,614 605,272
28.01 Property 1 T-12 447,238 74,348 372,890 12/31/2021 T-12 95.0% 591,603 154,997 436,605
28.02 Property 1 T-12 182,216 23,110 159,107 12/31/2021 T-12 95.0% 212,282 43,616 168,666
29 Loan 2, 10, 29 1 T-12 1,318,120 783,866 534,254 12/31/2021 T-12 58.3% 1,517,962 765,989 751,973
30 Loan 19 1 T-12 3,237,251 1,848,784 1,388,467 12/31/2021 T-12 85.0% 4,370,158 2,669,095 1,701,063
31 Loan 1 NAV NAV NAV NAV NAV NAV 95.0% 530,177 5,302 524,875
32 Loan 2 1 T-12 195,149 40,424 154,725 12/31/2021 T-12 98.0% 268,451 42,039 226,412

 

 A-1-14 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Underwritten Replacement / FF&E Reserve ($)  Underwritten TI / LC ($)   Underwritten Net Cash Flow ($)  Underwritten NOI DSCR (x)  Underwritten NCF DSCR (x)   Underwritten NOI Debt Yield (%)   Underwritten NCF Debt Yield (%)   Appraised Value ($) 
          15   7, 14 7, 14 7 7 5
1 Loan 1, 5, 7, 12, 19, 24 1 195,237 1,504,094 82,302,958 3.21 3.15 18.7% 18.3% 1,430,000,000
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 119,751 0 49,164,051 1.66 1.66 9.3% 9.3% 1,090,000,000
3 Loan 13, 15, 19 1 136,188 158,626 7,546,499 1.74 1.67 11.6% 11.2% 107,100,000
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 478,107 1,247,943 27,420,277 1.86 1.75 12.1% 11.4% 455,000,000
4.01 Property 1 NAV NAV NAV 87,150,000
4.02 Property 1 NAV NAV NAV 14,800,000
4.03 Property 1 NAV NAV NAV 12,700,000
4.04 Property 1 NAV NAV NAV 10,600,000
4.05 Property 1 NAV NAV NAV 10,300,000
4.06 Property 1 NAV NAV NAV 9,500,000
4.07 Property 1 NAV NAV NAV 9,400,000
4.08 Property 1 NAV NAV NAV 9,250,000
4.09 Property 1 NAV NAV NAV 9,200,000
4.10 Property 1 NAV NAV NAV 8,700,000
4.11 Property 1 NAV NAV NAV 8,500,000
4.12 Property 1 NAV NAV NAV 8,400,000
4.13 Property 1 NAV NAV NAV 7,900,000
4.14 Property 1 NAV NAV NAV 7,900,000
4.15 Property 1 NAV NAV NAV 7,750,000
4.16 Property 1 NAV NAV NAV 7,725,000
4.17 Property 1 NAV NAV NAV 7,700,000
4.18 Property 1 NAV NAV NAV 7,675,000
4.19 Property 1 NAV NAV NAV 7,375,000
4.20 Property 1 NAV NAV NAV 7,100,000
4.21 Property 1 NAV NAV NAV 7,100,000
4.22 Property 1 NAV NAV NAV 6,600,000
4.23 Property 1 NAV NAV NAV 6,600,000
4.24 Property 1 NAV NAV NAV 6,500,000
4.25 Property 1 NAV NAV NAV 6,330,000
4.26 Property 1 NAV NAV NAV 6,200,000
4.27 Property 1 NAV NAV NAV 6,175,000
4.28 Property 1 NAV NAV NAV 5,950,000
4.29 Property 1 NAV NAV NAV 5,800,000
4.30 Property 1 NAV NAV NAV 5,800,000
4.31 Property 1 NAV NAV NAV 5,750,000
4.32 Property 1 NAV NAV NAV 5,600,000
4.33 Property 1 NAV NAV NAV 5,500,000
4.34 Property 1 NAV NAV NAV 5,400,000
4.35 Property 1 NAV NAV NAV 5,400,000
4.36 Property 1 NAV NAV NAV 5,350,000
4.37 Property 1 NAV NAV NAV 5,300,000
4.38 Property 1 NAV NAV NAV 5,200,000
4.39 Property 1 NAV NAV NAV 5,150,000
4.40 Property 1 NAV NAV NAV 4,800,000
4.41 Property 1 NAV NAV NAV 4,700,000
4.42 Property 1 NAV NAV NAV 4,700,000
4.43 Property 1 NAV NAV NAV 4,525,000
4.44 Property 1 NAV NAV NAV 3,920,000
4.45 Property 1 NAV NAV NAV 3,900,000
4.46 Property 1 NAV NAV NAV 3,800,000
4.47 Property 1 NAV NAV NAV 3,700,000
4.48 Property 1 NAV NAV NAV 3,700,000
4.49 Property 1 NAV NAV NAV 3,500,000
4.50 Property 1 NAV NAV NAV 3,500,000
4.51 Property 1 NAV NAV NAV 3,400,000
4.52 Property 1 NAV NAV NAV 3,200,000
4.53 Property 1 NAV NAV NAV 3,200,000
4.54 Property 1 NAV NAV NAV 3,000,000
4.55 Property 1 NAV NAV NAV 2,400,000
4.56 Property 1 NAV NAV NAV 2,300,000
4.57 Property 1 NAV NAV NAV 2,300,000
4.58 Property 1 NAV NAV NAV 2,200,000
4.59 Property 1 NAV NAV NAV 2,000,000
4.60 Property 1 NAV NAV NAV 2,000,000
4.61 Property 1 NAV NAV NAV 1,600,000
4.62 Property 1 NAV NAV NAV 800,000
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 474,036 2,844,215 26,379,842 1.71 1.52 13.5% 12.0% 428,000,000
6 Loan 19 1 19,843 (29,025) 10,867,712 3.00 3.00 18.1% 18.1% 150,000,000
7 Loan 1, 7, 12, 13, 19, 24 1 259,516 1,567,562 29,734,689 2.65 2.50 17.5% 16.5% 400,000,000
8 Loan 1, 4, 13, 23 1 61,774 135,130 3,594,412 1.49 1.41 11.2% 10.6% 60,800,000
9 Loan 1, 7, 10, 12, 19 1 57,478 864,386 22,468,077 1.91 1.83 13.6% 13.1% 260,000,000
10 Loan 15, 19, 21, 23 1 78,541 260,731 3,324,980 1.50 1.36 11.6% 10.6% 45,600,000
11 Loan 1, 7, 19, 24 1 75,703 567,773 10,821,004 2.46 2.32 15.3% 14.4% 145,900,000
12 Loan 1, 7, 12, 17, 19, 21 1 99,696 747,722 11,139,650 1.62 1.50 13.3% 12.4% 153,000,000
13 Loan 7, 23, 24, 26, 27, 29 1 67,468 0 8,149,510 2.21 2.19 13.6% 13.5% 110,250,000
14 Loan 5, 19, 28, 29 1 398,980 0 3,023,724 2.46 2.18 17.6% 15.5% 40,100,000
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 28,275 123,742 1,999,481 1.62 1.50 11.0% 10.3% 33,300,000
15.01 Property 1 15,024 92,562 1,494,377 23,500,000
15.02 Property 1 13,251 31,181 505,104 9,800,000
16 Loan 1 82,250 0 1,481,007 1.26 1.20 9.8% 9.3% 25,200,000
17 Loan 1, 7, 12, 17, 19 1 0 0 10,560,543 1.55 1.55 11.3% 11.3% 186,000,000
18 Loan 7, 12, 13, 19, 23, 29 1 41,773 278,488 5,352,164 1.28 1.20 11.4% 10.8% 79,600,000

 

 A-1-15 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Underwritten Replacement / FF&E Reserve ($)  Underwritten TI / LC ($)   Underwritten Net Cash Flow ($)  Underwritten NOI DSCR (x)  Underwritten NCF DSCR (x)   Underwritten NOI Debt Yield (%)   Underwritten NCF Debt Yield (%)   Appraised Value ($) 
          15   7, 14 7, 14 7 7 5
19 Loan 12 1 66,900 0 1,728,204 1.64 1.58 12.2% 11.7% 24,950,000
20 Loan 5, 6, 7, 19 44 2,838,889 0 16,560,033 1.83 1.56 14.8% 12.6% 215,000,000
20.01 Property 1 117,847 0 1,870,783 15,100,000
20.02 Property 1 142,218 0 841,171 10,800,000
20.03 Property 1 129,875 0 1,168,801 13,300,000
20.04 Property 1 131,851 0 830,943 11,000,000
20.05 Property 1 104,384 0 495,098 8,700,000
20.06 Property 1 77,527 0 554,852 9,200,000
20.07 Property 1 107,826 0 1,087,976 9,300,000
20.08 Property 1 86,783 0 789,871 8,900,000
20.09 Property 1 73,992 0 823,249 5,600,000
20.10 Property 1 91,038 0 629,884 8,000,000
20.11 Property 1 101,214 0 739,132 9,300,000
20.12 Property 1 67,581 0 259,731 6,400,000
20.13 Property 1 65,830 0 472,797 6,500,000
20.14 Property 1 41,152 0 18,775 5,500,000
20.15 Property 1 63,381 0 440,430 6,500,000
20.16 Property 1 57,497 0 378,994 4,500,000
20.17 Property 1 53,640 0 442,442 4,300,000
20.18 Property 1 62,421 0 669,125 5,200,000
20.19 Property 1 64,156 0 476,007 3,700,000
20.20 Property 1 68,450 0 365,452 4,200,000
20.21 Property 1 16,764 0 (231,308) 5,200,000
20.22 Property 1 58,727 0 (43,539) 4,300,000
20.23 Property 1 45,214 0 374,528 4,200,000
20.24 Property 1 48,712 0 276,443 4,000,000
20.25 Property 1 58,471 0 258,054 3,300,000
20.26 Property 1 52,958 0 239,358 3,400,000
20.27 Property 1 41,851 0 (102,487) 1,900,000
20.28 Property 1 53,592 0 793,444 3,100,000
20.29 Property 1 49,854 0 497,373 3,700,000
20.30 Property 1 62,282 0 350,803 2,700,000
20.31 Property 1 62,074 0 109,548 2,000,000
20.32 Property 1 22,710 0 (172,476) 2,500,000
20.33 Property 1 36,452 0 70,757 1,000,000
20.34 Property 1 49,658 0 191,651 3,800,000
20.35 Property 1 45,379 0 41,546 1,400,000
20.36 Property 1 59,779 0 226,018 2,700,000
20.37 Property 1 61,144 0 152,656 1,000,000
20.38 Property 1 62,238 0 178,879 2,200,000
20.39 Property 1 49,507 0 111,556 2,100,000
20.40 Property 1 39,510 0 104,845 800,000
20.41 Property 1 54,594 0 (40,406) 1,900,000
20.42 Property 1 26,920 0 (105,661) 500,000
20.43 Property 1 35,249 0 (199,519) 400,000
20.44 Property 1 36,590 0 122,456 900,000
21 Loan 5, 6, 19 2 234,068 0 2,024,671 2.06 1.85 16.7% 15.0% 25,800,000
21.01 Property 1 103,278 0 1,077,559 13,500,000
21.02 Property 1 130,791 0 947,112 12,300,000
22 Loan 19 1 288,888 0 1,817,907 2.03 1.76 16.2% 14.0% 23,000,000
23 Loan 7, 19 1 38,540 192,698 4,366,368 1.62 1.53 10.8% 10.3% 75,900,000
24 Loan 6, 17, 19, 23, 27 8 14,354 45,691 1,478,390 3.21 3.08 21.0% 20.2% 23,070,000
24.01 Property 1 4,376 22,920 670,777 9,250,000
24.02 Property 1 1,054 777 255,567 3,540,000
24.03 Property 1 2,379 9,611 140,623 2,500,000
24.04 Property 1 760 (1,186) 101,914 2,200,000
24.05 Property 1 603 (2,230) 104,940 1,270,000
24.06 Property 1 900 (249) 89,987 1,200,000
24.07 Property 1 3,996 20,393 61,280 2,400,000
24.08 Property 1 286 (4,345) 53,303 710,000
25 Loan 19 1 106,962 0 834,184 1.59 1.41 14.0% 12.4% 13,100,000
26 Loan 2, 27 1 12,937 51,748 805,121 1.59 1.47 13.4% 12.4% 11,800,000
27 Loan 2 1 6,750 0 675,119 1.61 1.60 11.4% 11.3% 9,730,000
28 Loan 6 2 6,150 0 599,122 1.28 1.26 10.3% 10.2% 11,200,000
28.01 Property 1 5,150 0 431,455 7,920,000
28.02 Property 1 1,000 0 167,666 3,280,000
29 Loan 2, 10, 29 1 18,516 0 733,458 1.81 1.77 13.7% 13.3% 12,450,000
30 Loan 19 1 174,806 0 1,526,257 3.91 3.51 31.0% 27.8% 16,500,000
31 Loan 1 0 4,250 520,625 1.44 1.43 10.9% 10.8% 7,500,000
32 Loan 2 1 756 1,100 224,556 1.21 1.20 8.9% 8.8% 3,600,000

 

 A-1-16 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Appraised Value Type  Appraisal Date   Cut-off Date LTV Ratio (%)   LTV Ratio at Maturity / ARD (%)   Leased Occupancy (%)   Occupancy Date   Single Tenant (Y/N)   Largest Tenant 
            5, 7 5, 7 3, 4     21, 23
1 Loan 1, 5, 7, 12, 19, 24 1 Hypothetical As Is 4/5/2023 31.5% 31.5% 94.0% 5/15/2023 No Nordstrom
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 Prospective Market Value Upon Completion & Stabilization 1/1/2023 48.8% 48.8% 98.7% 1/27/2023 Yes E.R. Squibb & Sons LLC 
3 Loan 13, 15, 19 1 As Is 4/16/2023 63.0% 63.0% 100.0% 6/6/2023 Yes American Hyperion Solar Module Manufacturing LLC
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 As Portfolio 3/24/2023 52.7% 52.7% 96.5% 5/24/2023    
4.01 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Belpre V Cancer Center
4.02 Property   1 As Is 3/22/2023     93.9% 5/24/2023 No Glendale Neurological Associates, PC
4.03 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Willamette Orthopedic Group LLC
4.04 Property   1 As Is 3/20/2023     96.8% 5/24/2023 No Fresenius Kidney Care Palm Valley
4.05 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Prisma Health-Upstate
4.06 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Aurora Health Center - Waterford, WI
4.07 Property   1 As Is 3/22/2023     54.5% 5/24/2023 No William Beaumont Hospital
4.08 Property   1 As Is 3/21/2023     100.0% 5/24/2023 No Millennium Eye Care
4.09 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Franciscan Medical Specialists
4.10 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes CTVSA Management, LLC
4.11 Property   1 As Is 3/22/2023     100.0% 5/24/2023 Yes Northside Hospital
4.12 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Aurora Healthcare Center - Wautoma, WI
4.13 Property   1 As Is 3/20/2023     90.5% 5/24/2023 No SMI Imaging, LLC
4.14 Property   1 As Is 3/22/2023     93.7% 5/24/2023 No SwedishAmerican Realty Corp.
4.15 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes West Michigan Surgery Center - Big Rapids, MI
4.16 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes Pinnacle Health Hospitals
4.17 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes Eastern Carolina Ear, Nose & Throat
4.18 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes UPMC Pinnacle Lancaster
4.19 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes Pinnacle Health Hospitals
4.20 Property   1 As Is 3/24/2023     88.0% 5/24/2023 No Tranquility Behavioral Health
4.21 Property   1 As Is 3/24/2023     100.0% 5/24/2023 No Pensacola Nephrology, PA
4.22 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Lee Memorial Health System
4.23 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Prisma Health-Upstate
4.24 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes Pinnacle Health Hospitals
4.25 Property   1 As Is 3/23/2023     100.0% 5/24/2023 No Urology Clinics of North Texas
4.26 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes Pioneer Spine Sports - West Springfield
4.27 Property   1 As Is 3/22/2023     100.0% 5/24/2023 Yes WellSpan Properties, Inc.
4.28 Property   1 As Is 3/24/2023     100.0% 5/24/2023 No Orthopedic One, Inc.
4.29 Property   1 As Is 3/22/2023     100.0% 5/24/2023 No St. Peter's Health Partners Medical Associates, P.C.
4.30 Property   1 As Is 3/22/2023     100.0% 5/24/2023 Yes Metropolitan Eye Center, P.C.
4.31 Property   1 As Is 3/22/2023     92.7% 5/24/2023 No Crittenton Hospital Medical
4.32 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes Ascension Seton
4.33 Property   1 As Is 3/23/2023     100.0% 5/24/2023 No RAI Care Centers of Florida
4.34 Property   1 As Is 3/20/2023     100.0% 5/24/2023 No Phoenix Artificial Kidney Center
4.35 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes The MetroHealth System
4.36 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Sooner Medical Management
4.37 Property   1 As Is 3/22/2023     72.0% 5/24/2023 No Cardiovascular Consultants PC
4.38 Property   1 As Is 4/5/2023     100.0% 5/24/2023 Yes SPHPMA
4.39 Property   1 As Is 3/22/2023     100.0% 5/24/2023 Yes AGA MSO LLC
4.40 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Bone & Joint Specialists
4.41 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Willamette Orthopedic Group LLC
4.42 Property   1 As Is 3/22/2023     100.0% 5/24/2023 Yes St. Peter's Health Partners Medical Associates, P.C.
4.43 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Saint Lukes Hospital of Bethlehem, Pe
4.44 Property   1 As Is 3/27/2023     100.0% 5/24/2023 Yes Permian Premier Health Services, Inc.
4.45 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Aurora Health Center - Kiel, WI
4.46 Property   1 As Is 3/20/2023     100.0% 5/24/2023 Yes Florida Medical Clinic, P.A.
4.47 Property   1 As Is 3/20/2023     100.0% 5/24/2023 Yes Florida Medical Clinic, P.A.
4.48 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Aurora Health Center - Green Bay
4.49 Property   1 As Is 3/24/2023     80.7% 5/24/2023 No MDSINE, LLC - MDSine MA Multispecialty
4.50 Property   1 As Is 3/24/2023     100.0% 5/24/2023 Yes Oliver Street Dermatology Management
4.51 Property   1 As Is 3/24/2023     83.2% 5/24/2023 No Pioneer Spine Sports - Northampton
4.52 Property   1 As Is 3/20/2023     100.0% 5/24/2023 Yes Florida Medical Clinic, LLC
4.53 Property   1 As Is 3/23/2023     100.0% 5/24/2023 No Total Renal Care, Inc.
4.54 Property   1 As Is 3/22/2023     88.5% 5/24/2023 No St. Peter's Health Partners Medical Associates, P.C.
4.55 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Willamette Orthopedic Group LLC
4.56 Property   1 As Is 3/20/2023     100.0% 5/24/2023 Yes Florida Medical Clinic, P.A.
4.57 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Fresenius Kidney Care Northwest
4.58 Property   1 As Is 3/20/2023     100.0% 5/24/2023 Yes Florida Medical Clinic, P.A.
4.59 Property   1 As Is 3/22/2023     83.4% 5/24/2023 No St. Peter's Health Partners Medical Associates, P.C.
4.60 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes DaVita Bay Breeze Dialysis Center - Largo, FL
4.61 Property   1 As Is 3/23/2023     100.0% 5/24/2023 Yes Aurora Health Center - Greenville, WI
4.62 Property   1 As Is 3/21/2023     100.0% 5/24/2023 Yes Willamette Orthopedic Group LLC
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 As Is 3/30/2023 51.4% 51.4% 76.4% 5/17/2023 No Price Water House Coopers LLP
6 Loan 19 1 As Is 4/7/2023 40.0% 40.0% 100.0% 3/30/2023 No Oracle
7 Loan 1, 7, 12, 13, 19, 24 1 As Is 11/10/2022 45.0% 45.0% 89.6% 11/30/2022 No Burlington Coat Factory
8 Loan 1, 4, 13, 23 1 As Is 4/2/2023 55.9% 55.9% 90.3% 5/31/2023 No Enthalpy Analytical, Inc.
9 Loan 1, 7, 10, 12, 19 1 As Is 4/13/2023 66.2% 66.2% 100.0% 5/24/2023 Yes Seagate 
10 Loan 15, 19, 21, 23 1 As Is 4/7/2023 69.1% 69.1% 81.6% 5/1/2023 No First Merchants Bank
11 Loan 1, 7, 19, 24 1 As Is 12/17/2022 51.4% 51.4% 89.8% 12/19/2022 No Nike Unite
12 Loan 1, 7, 12, 17, 19, 21 1 As Is 4/4/2023 58.8% 58.8% 94.1% 3/31/2023 No Macy's
13 Loan 7, 23, 24, 26, 27, 29 1 As Is 2/1/2023 54.9% 54.9% 100.0% 3/2/2023 Yes Amazon.com Services, Inc.
14 Loan 5, 19, 28, 29 1 As Complete 2/23/2024 48.6% 48.6% 76.1% 3/31/2023 NAP NAP
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 As Stabilized Various 58.6% 58.6% 88.4% 4/17/2023    
15.01 Property   1 As Stabilized 12/1/2023     97.2% 4/17/2023 No OfficeMax
15.02 Property   1 As Stabilized 3/1/2024     78.4% 4/17/2023 No Big Lots
16 Loan   1 As Is 4/7/2023 63.5% 59.9% 99.4% 4/30/2023 NAP NAP
17 Loan 1, 7, 12, 17, 19 1 As Is 4/19/2023 50.3% 50.3% 100.0% 4/21/2023 No Ceres Terminals
18 Loan 7, 12, 13, 19, 23, 29 1 As Is 3/29/2023 62.2% 59.8% 92.0% 4/4/2023 No Texas Children's Health Plan

 

 A-1-17 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Appraised Value Type  Appraisal Date   Cut-off Date LTV Ratio (%)   LTV Ratio at Maturity / ARD (%)   Leased Occupancy (%)   Occupancy Date   Single Tenant (Y/N)   Largest Tenant 
            5, 7 5, 7 3, 4     21, 23
19 Loan 12 1 As Is 5/1/2023 59.2% 59.2% 83.0% 5/23/2023 NAP NAP
20 Loan 5, 6, 7, 19 44 Various 8/1/2019 61.1% 46.7% 55.0% 3/31/2023    
20.01 Property   1 As Is 8/1/2019     34.0% 3/31/2023 NAP NAP
20.02 Property   1 As Is 8/1/2019     91.2% 3/31/2023 NAP NAP
20.03 Property   1 As Is 8/1/2019     51.7% 3/31/2023 NAP NAP
20.04 Property   1 As Complete 8/1/2019     67.9% 3/31/2023 NAP NAP
20.05 Property   1 As Complete 8/1/2019     43.1% 3/31/2023 NAP NAP
20.06 Property   1 As Complete 8/1/2019     48.9% 3/31/2023 NAP NAP
20.07 Property   1 As Is 8/1/2019     49.0% 3/31/2023 NAP NAP
20.08 Property   1 As Complete 8/1/2019     92.5% 3/31/2023 NAP NAP
20.09 Property   1 As Is 8/1/2019     67.6% 3/31/2023 NAP NAP
20.10 Property   1 As Complete 8/1/2019     50.3% 3/31/2023 NAP NAP
20.11 Property   1 As Complete 8/1/2019     59.8% 3/31/2023 NAP NAP
20.12 Property   1 As Complete 8/1/2019     48.6% 3/31/2023 NAP NAP
20.13 Property   1 As Complete 8/1/2019     52.1% 3/31/2023 NAP NAP
20.14 Property   1 As Complete 8/1/2019     43.7% 3/31/2023 NAP NAP
20.15 Property   1 As Is 8/1/2019     71.8% 3/31/2023 NAP NAP
20.16 Property   1 As Complete 8/1/2019     42.3% 3/31/2023 NAP NAP
20.17 Property   1 As Is 8/1/2019     58.6% 3/31/2023 NAP NAP
20.18 Property   1 As Is 8/1/2019     72.1% 3/31/2023 NAP NAP
20.19 Property   1 As Is 8/1/2019     75.3% 3/31/2023 NAP NAP
20.20 Property   1 As Complete 8/1/2019     53.0% 3/31/2023 NAP NAP
20.21 Property   1 As Is 8/1/2019     24.1% 3/31/2023 NAP NAP
20.22 Property   1 As Is 8/1/2019     65.8% 3/31/2023 NAP NAP
20.23 Property   1 As Is 8/1/2019     69.1% 3/31/2023 NAP NAP
20.24 Property   1 As Complete 8/1/2019     65.6% 3/31/2023 NAP NAP
20.25 Property   1 As Is 8/1/2019     39.7% 3/31/2023 NAP NAP
20.26 Property   1 As Is 8/1/2019     43.7% 3/31/2023 NAP NAP
20.27 Property   1 As Is 8/1/2019     32.4% 3/31/2023 NAP NAP
20.28 Property   1 As Is 8/1/2019     61.6% 3/31/2023 NAP NAP
20.29 Property   1 As Is 8/1/2019     73.0% 3/31/2023 NAP NAP
20.30 Property   1 As Is 8/1/2019     72.7% 3/31/2023 NAP NAP
20.31 Property   1 As Is 8/1/2019     71.6% 3/31/2023 NAP NAP
20.32 Property   1 As Is 8/1/2019     28.6% 3/31/2023 NAP NAP
20.33 Property   1 As Is 8/1/2019     44.6% 3/31/2023 NAP NAP
20.34 Property   1 As Complete 8/1/2019     69.4% 3/31/2023 NAP NAP
20.35 Property   1 As Is 8/1/2019     89.4% 3/31/2023 NAP NAP
20.36 Property   1 As Complete 8/1/2019     47.7% 3/31/2023 NAP NAP
20.37 Property   1 As Is 8/1/2019     28.2% 3/31/2023 NAP NAP
20.38 Property   1 As Complete 8/1/2019     50.9% 3/31/2023 NAP NAP
20.39 Property   1 As Is 8/1/2019     50.2% 3/31/2023 NAP NAP
20.40 Property   1 As Is 8/1/2019     46.0% 3/31/2023 NAP NAP
20.41 Property   1 As Is 8/1/2019     72.8% 3/31/2023 NAP NAP
20.42 Property   1 As Is 8/1/2019     27.9% 3/31/2023 NAP NAP
20.43 Property   1 As Is 8/1/2019     74.0% 3/31/2023 NAP NAP
20.44 Property   1 As Is 8/1/2019     54.2% 3/31/2023 NAP NAP
21 Loan 5, 6, 19 2 As Is Market Value Based On A Hypothetical Condition Various 52.3% 45.8% 65.0% 3/31/2023    
21.01 Property   1 As Is Market Value Based On A Hypothetical Condition 3/1/2023     70.6% 3/31/2023 NAP NAP
21.02 Property   1 As Is Market Value Based On A Hypothetical Condition 3/16/2023     60.6% 3/31/2023 NAP NAP
22 Loan 19 1 As Is 4/1/2023 56.5% 52.0% 70.7% 2/28/2023 NAP NAP
23 Loan 7, 19 1 As Is 2/20/2023 56.0% 56.0% 90.7% 3/20/2023 No OEC Freight
24 Loan 6, 17, 19, 23, 27 8 As Is Various 31.8% 31.8% 86.7% Various    
24.01 Property   1 As Is 2/25/2023     100.0% 5/1/2023 No Sherwin Williams
24.02 Property   1 As Is 1/16/2023     100.0% 4/19/2023 No Starbucks
24.03 Property   1 As Is 2/9/2023     100.0% 5/1/2023 No House of Pain, LLC
24.04 Property   1 As Is 2/9/2023     77.7% 5/1/2023 No Nail Salon
24.05 Property   1 As Is 2/23/2023     100.0% 4/19/2023 No Subway
24.06 Property   1 As Is 2/7/2023     100.0% 5/1/2023 No Julius Star
24.07 Property   1 As Is 2/11/2023     56.3% 5/1/2023 No Pidder Padder Paws
24.08 Property   1 As Is 2/28/2023     100.0% 6/5/2023 Yes Jersey Mikes
25 Loan 19 1 As Is 3/24/2023 51.5% 46.0% 52.1% 5/31/2023 NAP NAP
26 Loan 2, 27 1 As Is 4/11/2023 55.0% 48.7% 100.0% 5/1/2023 No Detroit Central City Community Mental Health
27 Loan 2 1 As Is 2/24/2023 61.7% 61.7% 82.2% 4/26/2023 NAP NAP
28 Loan 6 2 As Is 4/1/2023 52.7% 47.8% 100.0% Various    
28.01 Property   1 As Is 4/1/2023     100.0% 3/31/2023 NAP NAP
28.02 Property   1 As Is 4/1/2023     100.0% 4/1/2023 NAP NAP
29 Loan 2, 10, 29 1 As Is 3/15/2023 44.2% 41.6% 67.0% 2/28/2023 NAP NAP
30 Loan 19 1 As Is 5/15/2023 33.3% 29.0% 85.7% 4/30/2023 NAP NAP
31 Loan   1 As Is 4/5/2023 64.0% 64.0% 100.0% 6/5/2023 Yes Quest Medical Center
32 Loan 2 1 As Is 5/4/2023 70.6% 70.6% 100.0% 3/31/2023 No Salon -  Zima U. Louis d/b/a Don't Touch My Hair Weaving & Barber Salon

 

 A-1-18 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties  Largest Tenant SF   Largest Tenant % of NRA  Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date Third Largest Tenant Third Largest Tenant SF
              21, 23 21   23 23  
1 Loan 1, 5, 7, 12, 19, 24 1 220,486 16.0% 12/31/2080 Bloomingdale's 201,502 14.6% 1/31/2035 Macy's 196,120
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 472,580 98.7% 10/31/2037 NAP NAP NAP NAP NAP NAP
3 Loan 13, 15, 19 1 1,361,882 100.0% 1/31/2031 NAP NAP NAP NAP NAP NAP
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62
4.01 Property 1 77,367 100.0% 2/28/2038 NAP NAP NAP NAP NAP NAP
4.02 Property 1 31,181 69.9% 4/30/2028 Michigan Radiation Therapy Management 7,242 16.2% 3/31/2028 Quest Research Institute 2,220
4.03 Property 1 30,642 100.0% 2/28/2035 NAP NAP NAP NAP NAP NAP
4.04 Property 1 6,197 16.0% 12/31/2027 SMI Imaging, LLC 5,684 14.7% 4/30/2030 AKDHC, LLC 5,197
4.05 Property 1 30,924 100.0% 6/30/2028 NAP NAP NAP NAP NAP NAP
4.06 Property 1 23,662 100.0% 12/31/2032 NAP NAP NAP NAP NAP NAP
4.07 Property 1 19,178 54.5% 4/30/2028 NAP NAP NAP NAP NAP NAP
4.08 Property 1 19,799 78.7% 4/29/2032 Freehold Surgical Center 3,666 14.6% 4/29/2032 Schubel Chiropractic 1,699
4.09 Property 1 37,040 100.0% 9/30/2027 NAP NAP NAP NAP NAP NAP
4.10 Property 1 20,000 100.0% 5/31/2030 NAP NAP NAP NAP NAP NAP
4.11 Property 1 20,800 100.0% 11/15/2030 NAP NAP NAP NAP NAP NAP
4.12 Property 1 21,048 100.0% 12/31/2032 NAP NAP NAP NAP NAP NAP
4.13 Property 1 10,858 38.1% 1/31/2025 Arizona Pain Specialists, PLLC 3,749 13.2% 9/30/2024 Drops of Beauty 2,994
4.14 Property 1 20,000 79.4% 2/16/2029 Siepert & Co. LLP 3,600 14.3% 11/30/2027 NAP NAP
4.15 Property 1 20,404 100.0% 8/31/2027 NAP NAP NAP NAP NAP NAP
4.16 Property 1 24,000 100.0% 10/31/2027 NAP NAP NAP NAP NAP NAP
4.17 Property 1 22,528 100.0% 12/20/2034 NAP NAP NAP NAP NAP NAP
4.18 Property 1 30,623 100.0% 8/31/2031 NAP NAP NAP NAP NAP NAP
4.19 Property 1 15,000 100.0% 1/31/2032 NAP NAP NAP NAP NAP NAP
4.20 Property 1 3,507 12.0% 7/31/2024 Texas Regional Urology, PLLC 3,287 11.3% 12/31/2024 Flow Vascular Institute 3,119
4.21 Property 1 12,665 68.7% 10/31/2033 Fresenius Vascular Care Pensacola 5,770 31.3% 9/30/2033 NAP NAP
4.22 Property 1 24,174 100.0% 9/30/2029 NAP NAP NAP NAP NAP NAP
4.23 Property 1 21,603 100.0% 9/30/2033 NAP NAP NAP NAP NAP NAP
4.24 Property 1 11,000 100.0% 12/31/2028 NAP NAP NAP NAP NAP NAP
4.25 Property 1 6,182 34.0% 10/31/2030 North Pediatrics 4,318 23.8% 8/31/2028 Carlos Arauz-Pacheco, MD and Dan L 3,098
4.26 Property 1 15,000 100.0% 7/31/2029 NAP NAP NAP NAP NAP NAP
4.27 Property 1 21,316 100.0% 6/30/2029 NAP NAP NAP NAP NAP NAP
4.28 Property 1 12,935 52.1% 4/30/2025 Runion Dental Group, LLC 5,114 20.6% 4/30/2031 Psychological & Behavioral Consultant 4,699
4.29 Property 1 22,777 51.4% 7/31/2027 Young/Sommer, LLC 7,595 17.1% 3/31/2025 Adirondack Oral & Maxillofacial Surgery 4,176
4.30 Property 1 17,594 100.0% 8/31/2036 NAP NAP NAP NAP NAP NAP
4.31 Property 1 9,652 49.3% 9/30/2024 Cardiovascular Consultants 3,496 17.9% 9/30/2029 Lana Tello-Abed, DDS 2,599
4.32 Property 1 10,400 100.0% 2/29/2028 NAP NAP NAP NAP NAP NAP
4.33 Property 1 9,216 61.7% 12/13/2024 Tampa Bay Access Center 3,514 23.5% 11/30/2024 Renal Hypertension Center 2,206
4.34 Property 1 8,939 26.6% 5/31/2026 Koch Foods 5,091 15.1% 7/31/2033 Loyal Source Government Services LL 4,965
4.35 Property 1 25,070 100.0% 5/31/2027 NAP NAP NAP NAP NAP NAP
4.36 Property 1 20,756 100.0% 10/31/2026 NAP NAP NAP NAP NAP NAP
4.37 Property 1 8,259 48.8% 9/30/2029 Sterling Heights Urgent Care 2,686 15.9% 9/30/2024 Holiday Pharmacy 1,249
4.38 Property 1 20,780 100.0% 4/30/2027 NAP NAP NAP NAP NAP NAP
4.39 Property 1 10,500 100.0% 1/31/2030 NAP NAP NAP NAP NAP NAP
4.40 Property 1 15,504 100.0% 6/28/2027 NAP NAP NAP NAP NAP NAP
4.41 Property 1 13,968 100.0% 2/28/2035 NAP NAP NAP NAP NAP NAP
4.42 Property 1 27,840 100.0% 7/31/2028 NAP NAP NAP NAP NAP NAP
4.43 Property 1 13,410 100.0% 7/31/2027 NAP NAP NAP NAP NAP NAP
4.44 Property 1 12,901 100.0% 4/30/2033 NAP NAP NAP NAP NAP NAP
4.45 Property 1 9,842 100.0% 12/31/2032 NAP NAP NAP NAP NAP NAP
4.46 Property 1 10,472 100.0% 4/1/2030 NAP NAP NAP NAP NAP NAP
4.47 Property 1 10,368 100.0% 4/1/2030 NAP NAP NAP NAP NAP NAP
4.48 Property 1 9,318 100.0% 12/31/2032 NAP NAP NAP NAP NAP NAP
4.49 Property 1 8,880 80.7% 6/17/2027 NAP NAP NAP NAP NAP NAP
4.50 Property 1 7,650 100.0% 11/30/2031 NAP NAP NAP NAP NAP NAP
4.51 Property 1 8,788 83.2% 7/31/2029 NAP NAP NAP NAP NAP NAP
4.52 Property 1 9,724 100.0% 11/30/2026 NAP NAP NAP NAP NAP NAP
4.53 Property 1 5,409 60.2% 6/30/2024 Renal Hypertension Center 3,575 39.8% 12/31/2024 NAP NAP
4.54 Property 1 10,086 35.3% 12/31/2024 David L. Weinstein, D.D.S. 2,200 7.7% 10/31/2025 Psychotherapy Associates 2,123
4.55 Property 1 6,510 100.0% 2/28/2035 NAP NAP NAP NAP NAP NAP
4.56 Property 1 6,522 100.0% 3/31/2030 NAP NAP NAP NAP NAP NAP
4.57 Property 1 5,564 100.0% 3/31/2028 NAP NAP NAP NAP NAP NAP
4.58 Property 1 6,027 100.0% 3/31/2030 NAP NAP NAP NAP NAP NAP
4.59 Property 1 15,715 83.4% 10/31/2023 NAP NAP NAP NAP NAP NAP
4.60 Property 1 7,247 100.0% 6/10/2027 NAP NAP NAP NAP NAP NAP
4.61 Property 1 4,088 100.0% 12/31/2032 NAP NAP NAP NAP NAP NAP
4.62 Property 1 3,486 100.0% 2/28/2035 NAP NAP NAP NAP NAP NAP
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 138,413 7.3% 4/30/2030 Stradley, Ronon, Stevens & Young 69,111 3.6% 12/31/2033 Pond Lehocky Giordano Disability 66,315
6 Loan 19 1 91,809 69.4% 8/31/2032 Morgan Stanley 38,715 29.3% 3/31/2025 Digital Realty Trust 1,756
7 Loan 1, 7, 12, 13, 19, 24 1 81,082 7.2% 1/31/2030 Round 1 Bowling Amusement 59,071 5.2% 9/30/2027 Forever 21 47,203
8 Loan 1, 4, 13, 23 1 52,180 13.5% 7/31/2030 Convergint Technologies 31,744 8.2% 3/31/2031 The Goulet Pen Company, LLC 23,494
9 Loan 1, 7, 10, 12, 19 1 574,775 100.0% 5/31/2028 NAP NAP NAP NAP NAP NAP
10 Loan 15, 19, 21, 23 1 40,285 12.8% 2/28/2026 Bastian Solutions LLC 35,423 11.3% 6/30/2024 Kinetic Advantage LLC 35,080
11 Loan 1, 7, 19, 24 1 15,000 4.0% 1/31/2026 Old Navy 14,004 3.7% 1/31/2031 Polo Ralph Lauren 12,176
12 Loan 1, 7, 12, 17, 19, 21 1 278,341 30.8% 7/31/2025 Von Maur 156,000 17.3% 8/31/2028 Topgolf 100,000
13 Loan 7, 23, 24, 26, 27, 29 1 269,873 100.0% 4/30/2032 NAP NAP NAP NAP NAP NAP
14 Loan 5, 19, 28, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2
15.01 Property 1 24,000 24.0% 9/30/2027 JoAnn Stores 19,500 19.5% 1/31/2030 Beverages & More! 16,000
15.02 Property 1 31,530 35.7% 1/31/2027 Rexel 21,180 24.0% 12/31/2028 Harbor Freight Tools 16,580
16 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 1, 7, 12, 17, 19 1 76 75.7% 6/30/2037 Dragon Products 24 24.3% 6/30/2037 NAP NAP
18 Loan 7, 12, 13, 19, 23, 29 1 178,613 64.1% 10/31/2033 Quiddity Engineering, LLC 53,371 19.2% 10/31/2031 Bellaire Eye Consultants, PA 7,056

 

 A-1-19 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties  Largest Tenant SF   Largest Tenant % of NRA  Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date Third Largest Tenant Third Largest Tenant SF
              21, 23 21   23 23  
19 Loan 12 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 5, 6, 7, 19 44
20.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.03 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.04 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.05 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.06 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.07 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.08 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.09 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.10 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.11 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.12 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.13 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.14 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.15 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.16 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.17 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.18 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.19 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.20 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.21 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.22 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.23 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.24 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.25 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.26 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.27 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.28 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.29 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.30 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.31 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.32 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.33 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.34 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.35 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.36 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.37 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.38 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.39 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.40 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.41 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.42 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.43 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.44 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 5, 6, 19 2
21.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
21.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 7, 19 1 28,110 10.9% 5/31/2025 Schenker Inc. 16,585 6.5% 3/31/2027 Gregory Spektor 13,989
24 Loan 6, 17, 19, 23, 27 8
24.01 Property 1 4,275 14.7% 10/31/2025 Walnut Creek Dental East 3,200 11.0% 1/31/2030 Urgent Care Specialists, LLC 3,200
24.02 Property 1 2,628 37.4% 6/30/2033 Krab King 1,598 22.7% 2/29/2032 New Digs Consignment 1,524
24.03 Property 1 4,200 26.5% MTM Hair Salon 1,800 11.3% 8/31/2031 Spinelli Jewelers 1,800
24.04 Property 1 1,588 31.4% 2/28/2026 Staffing Alternatives 1,522 30.1% 4/30/2027 Rite Care 824
24.05 Property 1 2,100 52.2% 7/31/2025 Domani 1,920 47.8% 10/31/2027 NAP NAP
24.06 Property 1 2,400 40.0% 4/30/2027 Nail Salon (Thai P. Ly) 1,200 20.0% 11/30/2023 China Garden 1,200
24.07 Property 1 5,000 18.8% 8/31/2025 The Gym, L.L.C. 3,829 14.4% 7/31/2026 Oasis Salon and Spa 3,071
24.08 Property 1 1,905 100.0% 4/30/2029 NAP NAP NAP NAP NAP NAP
25 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 2, 27 1 47,000 90.8% 3/31/2036 PharMor Pharmacy 1,648 3.2% 8/1/2026 KSM Mini Mart 1,600
27 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 6 2
28.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
28.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 2, 10, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 1 8,500 100.0% 5/31/2038 NAP NAP NAP NAP NAP NAP
32 Loan 2 1 700 31.8% 4/30/2033 Restaurant - El Sajamita 500 22.7% 1/31/2028 Salon - KOILZ Unisex Salon 500

 

 A-1-20 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA
            21, 23       23    
1 Loan 1, 5, 7, 12, 19, 24 1 14.2% 1/31/2026 Forever 21 53,787 3.9% 1/31/2026 AMC Theatres 51,610 3.7%
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 13, 15, 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62
4.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.02 Property 1 5.0% 11/30/2023 Laboratory Corporate of America 1,294 2.9% MTM NAP NAP NAP
4.03 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.04 Property 1 13.5% 6/30/2023 VibrantCare Outpatient Rehab 4,810 12.4% 11/30/2029 Sonora Quest Laboratories, LLC 4,448 11.5%
4.05 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.06 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.07 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.08 Property 1 6.8% 8/14/2023 NAP NAP NAP NAP NAP NAP NAP
4.09 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.10 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.11 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.12 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.13 Property 1 10.5% 10/31/2026 Masters DMD PLLC 2,300 8.1% 9/30/2026 Gilbert Family Birth Center, LLC 2,299 8.1%
4.14 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.15 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.16 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.17 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.18 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.19 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.20 Property 1 10.7% 1/31/2026 Envoy Hospice 3,092 10.6% 2/28/2027 George Nunez, Jr., MD, PA 2,525 8.7%
4.21 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.22 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.23 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.24 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.25 Property 1 17.0% 8/31/2026 Texas Health Resources 3,082 17.0% 5/31/2027 Texan Allergy, LLC 1,496 8.2%
4.26 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.27 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.28 Property 1 18.9% 4/30/2027 Matrix Rx, LLC 2,088 8.4% 1/31/2025 NAP NAP NAP
4.29 Property 1 9.4% 1/14/2026 Northeast Urogynecology 3,855 8.7% 11/30/2027 Francis J. Cullen, M.D. 1,980 4.5%
4.30 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.31 Property 1 13.3% 12/31/2028 Silver Pine Medical Group 2,380 12.2% 6/30/2026 NAP NAP NAP
4.32 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.33 Property 1 14.8% 11/30/2024 NAP NAP NAP NAP NAP NAP NAP
4.34 Property 1 14.8% 2/29/2028 SMI Imaging, LLC 3,940 11.7% 11/30/2023 Precision Hand and Orthopedic Surgery 3,822 11.4%
4.35 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.36 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.37 Property 1 7.4% 9/30/2027 NAP NAP NAP NAP NAP NAP NAP
4.38 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.39 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.40 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.41 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.42 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.43 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.44 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.45 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.46 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.47 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.48 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.49 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.50 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.51 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.52 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.53 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.54 Property 1 7.4% 12/31/2023 Joseph S. Baler, M.D. 1,980 6.9% 2/28/2025 Johar ADPI-FAGD NY OS Joint Venture 1,880 6.6%
4.55 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.56 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.57 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.58 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.59 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.60 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.61 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.62 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 3.5% 6/30/2028 Wolters Kluwer Health, Inc. 65,389 3.4% 3/31/2029 Jazz Pharmaceuticals, Inc. 59,672 3.1%
6 Loan 19 1 1.3% 12/31/2099 NAP NAP NAP NAP NAP NAP NAP
7 Loan 1, 7, 12, 13, 19, 24 1 4.2% MTM Marshalls 35,191 3.1% 1/31/2027 TJ Maxx 34,766 3.1%
8 Loan 1, 4, 13, 23 1 6.1% 4/30/2025 ePac Richmond, LLC 19,822 5.1% 6/30/2030 US Geological Survey (GSG) 19,277 5.0%
9 Loan 1, 7, 10, 12, 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 15, 19, 21, 23 1 11.2% 2/28/2029 American Auto Auction Group, LLC 18,172 5.8% 11/30/2033 Hylant of Indianapolis, LLC 15,222 4.8%
11 Loan 1, 7, 19, 24 1 3.2% 11/30/2030 Under Armour 11,503 3.0% 8/31/2025 Gap Outlet 8,575 2.3%
12 Loan 1, 7, 12, 17, 19, 21 1 11.1% 11/30/2042 Dick's Sporting Goods 80,000 8.8% 1/31/2027 H&M 26,894 3.0%
13 Loan 7, 23, 24, 26, 27, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan 5, 19, 28, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2
15.01 Property 1 16.0% 1/31/2032 Kaiser Foundation Hospitals 15,087 15.1% 6/30/2025 Phenix Salon Suites 8,282 8.3%
15.02 Property 1 18.8% 11/30/2032 NAP NAP NAP NAP NAP NAP NAP
16 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 1, 7, 12, 17, 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 7, 12, 13, 19, 23, 29 1 2.5% 11/30/2030 Bedrock Logistics, LLC 4,584 1.6% 10/31/2024 CCG Companies, Inc. 3,592 1.3%

 

 A-1-21 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA
            21, 23       23    
19 Loan 12 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 5, 6, 7, 19 44
20.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.03 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.04 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.05 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.06 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.07 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.08 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.09 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.10 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.11 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.12 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.13 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.14 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.15 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.16 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.17 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.18 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.19 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.20 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.21 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.22 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.23 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.24 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.25 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.26 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.27 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.28 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.29 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.30 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.31 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.32 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.33 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.34 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.35 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.36 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.37 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.38 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.39 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.40 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.41 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.42 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.43 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20.44 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 5, 6, 19 2
21.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
21.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 7, 19 1 5.4% 11/30/2032 Kocher & Associates 11,037 4.3% 12/31/2029 DAMCO USA 8,274 3.2%
24 Loan 6, 17, 19, 23, 27 8
24.01 Property 1 11.0% 8/31/2025 City Chinese 3,000 10.3% 1/31/2030 Donerick's Pub 3,000 10.3%
24.02 Property 1 21.7% 11/30/2024 Jackson Hewitt 1,277 18.2% 1/31/2024 NAP NAP NAP
24.03 Property 1 11.3% MTM 77 Cleaners 1,636 10.3% 10/31/2028 Top Nails 1,625 10.2%
24.04 Property 1 16.3% 6/30/2024 NAP NAP NAP NAP NAP NAP NAP
24.05 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.06 Property 1 20.0% 12/31/2029 No Loose Ends 1,200 20.0% 6/30/2027 NAP NAP NAP
24.07 Property 1 11.5% 8/31/2025 Papa Murphy's 1,610 6.0% 7/31/2025 C.C. of Southern WI 1,500 5.6%
24.08 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 2, 27 1 3.1% 4/30/2028 JL Investment Group LLC 1,500 2.9% 1/31/2039 NAP NAP NAP
27 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 6 2
28.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
28.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 2, 10, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan 2 1 22.7% 5/31/2026 Store - Benns Appliance Store 500 22.7% 6/14/2025 NAP NAP NAP

 

 A-1-22 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest Ground Lease Expiration Date
                      17 17
1 Loan 1, 5, 7, 12, 19, 24 1 12/31/2024 4/10/2023 NAP 4/11/2023 4/10/2023 12% Yes - A, AE Fee NAP
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAP 5/24/2022 NAP 6/17/2022 NAP NAP No Fee NAP
3 Loan 13, 15, 19 1 NAP 4/18/2023 NAP 4/13/2023 NAP NAP No Fee NAP
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62                  
4.01 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.02 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.03 Property   1 NAP 4/11/2023 NAP 4/11/2023 4/11/2023 8% Yes - AE Fee NAP
4.04 Property   1 6/30/2027 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.05 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP Yes - AE Fee NAP
4.06 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.07 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.08 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.09 Property   1 NAP 4/11/2023 NAP 4/14/2023 NAP NAP No Fee NAP
4.10 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.11 Property   1 NAP 4/11/2023 NAP 4/14/2023 NAP NAP No Fee / Leasehold 11/16/2032
4.12 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.13 Property   1 10/31/2025 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.14 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.15 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.16 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.17 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.18 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.19 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.20 Property   1 3/31/2025 4/11/2023 NAP 3/31/2023 NAP NAP No Fee NAP
4.21 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.22 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP Yes - AE Fee NAP
4.23 Property   1 NAP 4/14/2023 NAP 4/11/2023 NAP NAP No Fee / Leasehold 9/30/2024
4.24 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.25 Property   1 12/31/2024 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.26 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.27 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.28 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.29 Property   1 11/30/2027 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.30 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.31 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.32 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.33 Property   1 NAP 4/11/2023 NAP 4/14/2023 NAP NAP No Fee NAP
4.34 Property   1 3/31/2032 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.35 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.36 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.37 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.38 Property   1 NAP 1/3/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.39 Property   1 NAP 4/11/2023 NAP 4/14/2023 NAP NAP No Fee NAP
4.40 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.41 Property   1 NAP 4/11/2023 NAP 4/11/2023 4/11/2023 9% No Fee NAP
4.42 Property   1 NAP 4/11/2023 NAP 4/14/2023 NAP NAP No Fee NAP
4.43 Property   1 NAP 4/13/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.44 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP Yes - AE Fee NAP
4.45 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.46 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.47 Property   1 NAP 4/11/2023 NAP 4/14/2023 NAP NAP No Fee NAP
4.48 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.49 Property   1 NAP 4/11/2023 NAP 4/20/2023 NAP NAP No Fee NAP
4.50 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.51 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.52 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.53 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.54 Property   1 2/28/2025 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.55 Property   1 NAP 4/11/2023 NAP 4/11/2023 4/11/2023 7% Yes - A Fee NAP
4.56 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.57 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.58 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.59 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.60 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.61 Property   1 NAP 4/11/2023 NAP 4/11/2023 NAP NAP No Fee NAP
4.62 Property   1 NAP 4/11/2023 NAP 4/11/2023 4/11/2023 11% No Fee NAP
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 4/30/2029 4/6/2023 NAP 4/6/2023 NAP NAP No Fee NAP
6 Loan 19 1 NAP 4/28/2023 NAP 5/2/2023 NAP NAP No Fee NAP
7 Loan 1, 7, 12, 13, 19, 24 1 1/31/2027 11/16/2022 NAP 11/18/2022 NAP NAP No Fee NAP
8 Loan 1, 4, 13, 23 1 10/22/2028 5/18/2023 NAP 5/19/2023 NAP NAP Yes - AE Fee NAP
9 Loan 1, 7, 10, 12, 19 1 NAP 3/9/2023 NAP 3/3/2023 5/3/2023 12% No Fee NAP
10 Loan 15, 19, 21, 23 1 7/31/2026 4/13/2023 NAP 4/13/2023 NAP NAP No Fee NAP
11 Loan 1, 7, 19, 24 1 1/31/2026 1/10/2023 NAP 1/11/2023 NAP NAP No Fee NAP
12 Loan 1, 7, 12, 17, 19, 21 1 1/31/2024 4/3/2023 NAP 4/3/2023 NAP NAP Yes - AE Leasehold 9/30/2057
13 Loan 7, 23, 24, 26, 27, 29 1 NAP 2/27/2023 NAP 2/22/2023 NAP NAP No Fee NAP
14 Loan 5, 19, 28, 29 1 NAP 2/28/2023 NAP 3/1/2023 NAP NAP No Fee NAP
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2                  
15.01 Property   1 6/30/2033 3/13/2023 NAP 3/13/2023 3/13/2023 8% No Fee NAP
15.02 Property   1 NAP 3/13/2023 NAP 3/13/2023 NAP NAP No Fee NAP
16 Loan   1 NAP 4/18/2023 NAP 4/18/2023 NAP NAP No Fee NAP
17 Loan 1, 7, 12, 17, 19 1 NAP 4/26/2023 NAP 4/27/2023 NAP NAP No Fee / Leasehold 12/31/2043
18 Loan 7, 12, 13, 19, 23, 29 1 6/30/2029 4/3/2023 NAP 4/3/2023 NAP NAP Yes - AE, A1-A30 Fee NAP

 

 A-1-23 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest Ground Lease Expiration Date
                      17 17
19 Loan 12 1 NAP 5/16/2023 NAP 5/16/2023 NAP NAP No Fee NAP
20 Loan 5, 6, 7, 19 44                  
20.01 Property   1 NAP 4/9/2019 NAP 8/19/2019 NAP NAP No Fee / Leasehold 1/30/2028
20.02 Property   1 NAP 4/3/2019 NAP 4/5/2019 NAP NAP No Fee NAP
20.03 Property   1 NAP 4/3/2019 NAP 4/4/2019 NAP NAP No Fee NAP
20.04 Property   1 NAP 4/3/2019 NAP 4/2/2019 11/26/2019 5% No Fee NAP
20.05 Property   1 NAP 4/10/2019 NAP 4/22/2019 NAP NAP No Fee NAP
20.06 Property   1 NAP 4/5/2019 NAP 4/5/2019 11/26/2019 9% No Fee NAP
20.07 Property   1 NAP 4/10/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.08 Property   1 NAP 4/5/2019 NAP 4/18/2019 NAP NAP No Fee NAP
20.09 Property   1 NAP 4/9/2019 NAP 4/10/2019 NAP NAP No Fee NAP
20.10 Property   1 NAP 4/12/2019 NAP 4/22/2019 NAP NAP No Fee NAP
20.11 Property   1 NAP 4/5/2019 NAP 4/18/2019 NAP NAP No Fee NAP
20.12 Property   1 NAP 4/4/2019 NAP 4/5/2019 NAP NAP No Fee NAP
20.13 Property   1 NAP 4/22/2019 NAP 4/23/2019 NAP NAP No Fee NAP
20.14 Property   1 NAP 4/12/2019 NAP 4/22/2019 NAP NAP Yes - AE Fee NAP
20.15 Property   1 NAP 4/11/2019 NAP 4/22/2019 NAP NAP No Fee NAP
20.16 Property   1 NAP 4/4/2019 NAP 4/2/2019 NAP NAP Yes - AE Fee NAP
20.17 Property   1 NAP 4/9/2019 NAP 4/9/2019 NAP NAP No Fee NAP
20.18 Property   1 NAP 4/11/2019 NAP 4/23/2019 NAP NAP No Fee NAP
20.19 Property   1 NAP 4/10/2019 NAP 4/22/2019 NAP NAP No Fee NAP
20.20 Property   1 NAP 4/10/2019 NAP 4/4/2019 NAP NAP No Fee NAP
20.21 Property   1 NAP 4/9/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.22 Property   1 NAP 4/8/2019 NAP 4/18/2019 NAP NAP No Fee NAP
20.23 Property   1 NAP 4/8/2019 NAP 4/9/2019 NAP NAP No Fee NAP
20.24 Property   1 NAP 4/22/2019 NAP 4/22/2019 11/26/2019 7% No Fee NAP
20.25 Property   1 NAP 4/11/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.26 Property   1 NAP 4/10/2019 NAP 4/19/2019 NAP NAP Yes - D Fee NAP
20.27 Property   1 NAP 4/9/2019 NAP 4/18/2019 NAP NAP No Fee NAP
20.28 Property   1 NAP 4/9/2019 NAP 4/5/2019 NAP NAP No Fee NAP
20.29 Property   1 NAP 4/10/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.30 Property   1 NAP 4/11/2019 NAP 4/19/2019 NAP NAP Yes - AO Fee NAP
20.31 Property   1 NAP 4/11/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.32 Property   1 NAP 4/12/2019 NAP 4/22/2019 NAP NAP No Fee NAP
20.33 Property   1 NAP 4/9/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.34 Property   1 NAP 4/15/2019 NAP 4/11/2019 NAP NAP No Fee NAP
20.35 Property   1 NAP 4/5/2019 NAP 4/19/2019 NAP NAP Yes - AE Fee NAP
20.36 Property   1 NAP 4/5/2019 NAP 4/18/2019 NAP NAP No Fee NAP
20.37 Property   1 NAP 4/11/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.38 Property   1 NAP 4/8/2019 NAP 4/8/2019 10/8/2019 8% No Fee NAP
20.39 Property   1 NAP 4/5/2019 NAP 4/5/2019 NAP NAP No Fee NAP
20.40 Property   1 NAP 4/8/2019 NAP 4/11/2019 NAP NAP No Fee NAP
20.41 Property   1 NAP 4/5/2019 NAP 4/18/2019 NAP NAP No Fee NAP
20.42 Property   1 NAP 4/10/2019 NAP 4/19/2019 NAP NAP No Fee NAP
20.43 Property   1 NAP 4/22/2019 NAP 4/8/2019 10/8/2019 4% No Fee NAP
20.44 Property   1 NAP 4/11/2019 NAP 4/22/2019 NAP NAP No Fee NAP
21 Loan 5, 6, 19 2                  
21.01 Property   1 NAP 3/30/2023 NAP 3/30/2023 NAP NAP No Fee NAP
21.02 Property   1 NAP 3/30/2023 NAP 3/30/2023 NAP NAP No Fee NAP
22 Loan 19 1 NAP 4/13/2023 NAP 4/13/2023 NAP NAP No Fee NAP
23 Loan 7, 19 1 1/31/2026 2/24/2023 NAP 2/24/2023 NAP NAP No Fee NAP
24 Loan 6, 17, 19, 23, 27 8                  
24.01 Property   1 8/31/2029 9/1/2022 NAP 9/1/2022 NAP NAP Yes - AE Fee / Leasehold 1/20/2122
24.02 Property   1 NAP 11/30/2022 NAP 11/23/2022 NAP NAP No Leasehold 1/19/2122
24.03 Property   1 1/31/2027 9/12/2022 NAP 9/12/2022 NAP NAP No Leasehold 12/7/2121
24.04 Property   1 NAP 10/20/2022 NAP 9/13/2022 NAP NAP No Leasehold 12/7/2121
24.05 Property   1 NAP 9/21/2022 NAP 9/27/2022 NAP NAP No Leasehold 12/7/2121
24.06 Property   1 NAP 3/22/2023 NAP 9/29/2022 NAP NAP No Leasehold 3/14/2122
24.07 Property   1 9/30/2024 12/29/2022 NAP 12/29/2022 NAP NAP No Leasehold 3/14/2122
24.08 Property   1 NAP 12/28/2022 NAP 12/28/2022 NAP NAP No Leasehold 1/20/2122
25 Loan 19 1 NAP 5/25/2023 NAP 5/25/2023 NAP NAP No Fee NAP
26 Loan 2, 27 1 NAP 4/19/2023 NAP 4/17/2023 NAP NAP No Fee NAP
27 Loan 2 1 NAP 2/28/2023 NAP 2/28/2023 NAP NAP No Fee NAP
28 Loan 6 2                  
28.01 Property   1 NAP 2/7/2023 NAP 2/7/2023 NAP NAP No Fee NAP
28.02 Property   1 NAP 2/7/2023 NAP 2/7/2023 2/7/2023 7% Yes - AE Fee NAP
29 Loan 2, 10, 29 1 NAP 3/17/2023 NAP 3/17/2023 NAP NAP No Fee NAP
30 Loan 19 1 NAP 5/17/2023 NAP 5/17/2023 NAP NAP No Fee NAP
31 Loan   1 NAP 4/3/2023 NAP 4/3/2023 NAP NAP No Fee NAP
32 Loan 2 1 NAP 5/9/2023 NAP 5/9/2023 NAP NAP No Fee NAP

 

 A-1-24 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($)  Upfront Replacement / PIP Reserve ($) 
        17 17 17 18 19 18 19 18
1 Loan 1, 5, 7, 12, 19, 24 1 NAP NAP NAP 0 Springing 0 Springing 0
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAP NAP NAP 0 Springing 0 Springing 0
3 Loan 13, 15, 19 1 NAP NAP NAP 311,078 40,931 0 Springing 0
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62       643,802 321,901 6,283 1,257 0
4.01 Property   1 NAP NAP NAP          
4.02 Property   1 NAP NAP NAP          
4.03 Property   1 NAP NAP NAP          
4.04 Property   1 NAP NAP NAP          
4.05 Property   1 NAP NAP NAP          
4.06 Property   1 NAP NAP NAP          
4.07 Property   1 NAP NAP NAP          
4.08 Property   1 NAP NAP NAP          
4.09 Property   1 NAP NAP NAP          
4.10 Property   1 NAP NAP NAP          
4.11 Property   1 1, 10-year extension option 39,261 Yes          
4.12 Property   1 NAP NAP NAP          
4.13 Property   1 NAP NAP NAP          
4.14 Property   1 NAP NAP NAP          
4.15 Property   1 NAP NAP NAP          
4.16 Property   1 NAP NAP NAP          
4.17 Property   1 NAP NAP NAP          
4.18 Property   1 NAP NAP NAP          
4.19 Property   1 NAP NAP NAP          
4.20 Property   1 NAP NAP NAP          
4.21 Property   1 NAP NAP NAP          
4.22 Property   1 NAP NAP NAP          
4.23 Property   1 Unlimited, 2-year extension options 60,828 Yes          
4.24 Property   1 NAP NAP NAP          
4.25 Property   1 NAP NAP NAP          
4.26 Property   1 NAP NAP NAP          
4.27 Property   1 NAP NAP NAP          
4.28 Property   1 NAP NAP NAP          
4.29 Property   1 NAP NAP NAP          
4.30 Property   1 NAP NAP NAP          
4.31 Property   1 NAP NAP NAP          
4.32 Property   1 NAP NAP NAP          
4.33 Property   1 NAP NAP NAP          
4.34 Property   1 NAP NAP NAP          
4.35 Property   1 NAP NAP NAP          
4.36 Property   1 NAP NAP NAP          
4.37 Property   1 NAP NAP NAP          
4.38 Property   1 NAP NAP NAP          
4.39 Property   1 NAP NAP NAP          
4.40 Property   1 NAP NAP NAP          
4.41 Property   1 NAP NAP NAP          
4.42 Property   1 NAP NAP NAP          
4.43 Property   1 NAP NAP NAP          
4.44 Property   1 NAP NAP NAP          
4.45 Property   1 NAP NAP NAP          
4.46 Property   1 NAP NAP NAP          
4.47 Property   1 NAP NAP NAP          
4.48 Property   1 NAP NAP NAP          
4.49 Property   1 NAP NAP NAP          
4.50 Property   1 NAP NAP NAP          
4.51 Property   1 NAP NAP NAP          
4.52 Property   1 NAP NAP NAP          
4.53 Property   1 NAP NAP NAP          
4.54 Property   1 NAP NAP NAP          
4.55 Property   1 NAP NAP NAP          
4.56 Property   1 NAP NAP NAP          
4.57 Property   1 NAP NAP NAP          
4.58 Property   1 NAP NAP NAP          
4.59 Property   1 NAP NAP NAP          
4.60 Property   1 NAP NAP NAP          
4.61 Property   1 NAP NAP NAP          
4.62 Property   1 NAP NAP NAP          
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 NAP NAP NAP 0 Springing 0 Springing 0
6 Loan 19 1 NAP NAP NAP 0 Springing 169,979 Springing 0
7 Loan 1, 7, 12, 13, 19, 24 1 NAP NAP NAP 0 Springing 0 Springing 0
8 Loan 1, 4, 13, 23 1 NAP NAP NAP 32,865 32,865 27,204 3,886 0
9 Loan 1, 7, 10, 12, 19 1 NAP NAP NAP 0 Springing 0 Springing 0
10 Loan 15, 19, 21, 23 1 NAP NAP NAP 140,618 54,084 0 Springing 0
11 Loan 1, 7, 19, 24 1 NAP NAP NAP 0 Springing 0 Springing 0
12 Loan 1, 7, 12, 17, 19, 21 1 2, 20-year extension options 1,209,920 Yes 0 Springing 0 Springing 0
13 Loan 7, 23, 24, 26, 27, 29 1 NAP NAP NAP 418,815 104,704 10,186 10,186 0
14 Loan 5, 19, 28, 29 1 NAP NAP NAP 201,914 40,383 110,408 9,201 0
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2       47,791 23,895 0 Springing 0
15.01 Property   1 NAP NAP NAP          
15.02 Property   1 NAP NAP NAP          
16 Loan   1 NAP NAP NAP 96,562 19,312 35,125 11,857 0
17 Loan 1, 7, 12, 17, 19 1 6, 10-year options followed by 1, 9-year option 224,855 No 195,426 32,571 50,000 Springing 0
18 Loan 7, 12, 13, 19, 23, 29 1 NAP NAP NAP 376,725 75,345 12,796 1,894 0

 

 A-1-25 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($)  Upfront Replacement / PIP Reserve ($) 
        17 17 17 18 19 18 19 18
19 Loan 12 1 NAP NAP NAP 62,880 31,440 76,474 25,491 0
20 Loan 5, 6, 7, 19 44       436,502 160,955 790,391 116,681 0
20.01 Property   1 None 30,000 No          
20.02 Property   1 NAP NAP NAP          
20.03 Property   1 NAP NAP NAP          
20.04 Property   1 NAP NAP NAP          
20.05 Property   1 NAP NAP NAP          
20.06 Property   1 NAP NAP NAP          
20.07 Property   1 NAP NAP NAP          
20.08 Property   1 NAP NAP NAP          
20.09 Property   1 NAP NAP NAP          
20.10 Property   1 NAP NAP NAP          
20.11 Property   1 NAP NAP NAP          
20.12 Property   1 NAP NAP NAP          
20.13 Property   1 NAP NAP NAP          
20.14 Property   1 NAP NAP NAP          
20.15 Property   1 NAP NAP NAP          
20.16 Property   1 NAP NAP NAP          
20.17 Property   1 NAP NAP NAP          
20.18 Property   1 NAP NAP NAP          
20.19 Property   1 NAP NAP NAP          
20.20 Property   1 NAP NAP NAP          
20.21 Property   1 NAP NAP NAP          
20.22 Property   1 NAP NAP NAP          
20.23 Property   1 NAP NAP NAP          
20.24 Property   1 NAP NAP NAP          
20.25 Property   1 NAP NAP NAP          
20.26 Property   1 NAP NAP NAP          
20.27 Property   1 NAP NAP NAP          
20.28 Property   1 NAP NAP NAP          
20.29 Property   1 NAP NAP NAP          
20.30 Property   1 NAP NAP NAP          
20.31 Property   1 NAP NAP NAP          
20.32 Property   1 NAP NAP NAP          
20.33 Property   1 NAP NAP NAP          
20.34 Property   1 NAP NAP NAP          
20.35 Property   1 NAP NAP NAP          
20.36 Property   1 NAP NAP NAP          
20.37 Property   1 NAP NAP NAP          
20.38 Property   1 NAP NAP NAP          
20.39 Property   1 NAP NAP NAP          
20.40 Property   1 NAP NAP NAP          
20.41 Property   1 NAP NAP NAP          
20.42 Property   1 NAP NAP NAP          
20.43 Property   1 NAP NAP NAP          
20.44 Property   1 NAP NAP NAP          
21 Loan 5, 6, 19 2       82,398 12,840 0 Springing 0
21.01 Property   1 NAP NAP NAP          
21.02 Property   1 NAP NAP NAP          
22 Loan 19 1 NAP NAP NAP 186,230 26,604 187,175 23,397 0
23 Loan 7, 19 1 NAP NAP NAP 657,606 109,601 22,894 7,631 0
24 Loan 6, 17, 19, 23, 27 8       0 Springing 0 Springing 676,408
24.01 Property   1 10, 5-year extension options 1 No          
24.02 Property   1 10, 5-year extension options 1 No          
24.03 Property   1 10, 5-year extension options 1 No          
24.04 Property   1 10, 5-year extension options 1 No          
24.05 Property   1 10, 5-year extension options 1 No          
24.06 Property   1 10, 5-year extension options 1 No          
24.07 Property   1 10, 5-year extension options 1 No          
24.08 Property   1 10, 5-year extension options 1 No          
25 Loan 19 1 NAP NAP NAP 5,259 16,157 20,158 1,851 0
26 Loan 2, 27 1 NAP NAP NAP 70,933 10,133 58,191 9,698 0
27 Loan 2 1 NAP NAP NAP 6,821 853 2,156 719 0
28 Loan 6 2       22,033 2,998 4,163 661 0
28.01 Property   1 NAP NAP NAP          
28.02 Property   1 NAP NAP NAP          
29 Loan 2, 10, 29 1 NAP NAP NAP 49,898 8,317 38,420 7,684 0
30 Loan 19 1 NAP NAP NAP 149,224 24,871 21,535 2,692 0
31 Loan   1 NAP NAP NAP 12,174 6,087 7,057 3,528 100,000
32 Loan 2 1 NAP NAP NAP 15,184 2,410 3,534 374 0

 

 A-1-26 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($)  Upfront TI/LC Reserve ($)  Monthly TI/LC Reserve ($) TI/LC Caps ($)  Upfront Debt Service Reserve ($)  Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($)  Upfront Deferred Maintenance Reserve ($) 
        19 20 18, 29 19 20 18 19 20 18
1 Loan 1, 5, 7, 12, 19, 24 1 Springing 0 0 Springing 0 0 0 0 0
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 0 0 0 Springing 0 0 0 0 0
3 Loan 13, 15, 19 1 11,349 408,565 2,000,000 Springing 1,000,000 0 0 0 0
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 Springing 0 0 Springing 0 0 0 0 289,100
4.01 Property   1                  
4.02 Property   1                  
4.03 Property   1                  
4.04 Property   1                  
4.05 Property   1                  
4.06 Property   1                  
4.07 Property   1                  
4.08 Property   1                  
4.09 Property   1                  
4.10 Property   1                  
4.11 Property   1                  
4.12 Property   1                  
4.13 Property   1                  
4.14 Property   1                  
4.15 Property   1                  
4.16 Property   1                  
4.17 Property   1                  
4.18 Property   1                  
4.19 Property   1                  
4.20 Property   1                  
4.21 Property   1                  
4.22 Property   1                  
4.23 Property   1                  
4.24 Property   1                  
4.25 Property   1                  
4.26 Property   1                  
4.27 Property   1                  
4.28 Property   1                  
4.29 Property   1                  
4.30 Property   1                  
4.31 Property   1                  
4.32 Property   1                  
4.33 Property   1                  
4.34 Property   1                  
4.35 Property   1                  
4.36 Property   1                  
4.37 Property   1                  
4.38 Property   1                  
4.39 Property   1                  
4.40 Property   1                  
4.41 Property   1                  
4.42 Property   1                  
4.43 Property   1                  
4.44 Property   1                  
4.45 Property   1                  
4.46 Property   1                  
4.47 Property   1                  
4.48 Property   1                  
4.49 Property   1                  
4.50 Property   1                  
4.51 Property   1                  
4.52 Property   1                  
4.53 Property   1                  
4.54 Property   1                  
4.55 Property   1                  
4.56 Property   1                  
4.57 Property   1                  
4.58 Property   1                  
4.59 Property   1                  
4.60 Property   1                  
4.61 Property   1                  
4.62 Property   1                  
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 Springing 0 25,000,000 Springing 25,000,000 0 0 0 0
6 Loan 19 1 Springing 0 0 0 0 0 0 0 0
7 Loan 1, 7, 12, 13, 19, 24 1 Springing 519,033 0 94,028 2,256,664 0 0 0 0
8 Loan 1, 4, 13, 23 1 5,148 0 1,200,000 Springing 1,000,000 0 0 0 42,900
9 Loan 1, 7, 10, 12, 19 1 Springing 0 0 0 0 0 0 0 0
10 Loan 15, 19, 21, 23 1 6,545 0 2,000,000 39,271 0 0 0 0 0
11 Loan 1, 7, 19, 24 1 Springing 0 0 Springing 0 0 0 0 0
12 Loan 1, 7, 12, 17, 19, 21 1 Springing 183,389 11,882,926 Springing 1,100,331 0 0 0 0
13 Loan 7, 23, 24, 26, 27, 29 1 5,622 0 0 0 0 0 0 0 0
14 Loan 5, 19, 28, 29 1 Springing 0 0 0 0 0 0 0 0
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 2,356 0 0 15,709 377,006 0 0 0 20,050
15.01 Property   1                  
15.02 Property   1                  
16 Loan   1 6,854 0 0 0 0 0 0 0 0
17 Loan 1, 7, 12, 17, 19 1 18,149 650,000 0 0 0 0 0 0 31,313
18 Loan 7, 12, 13, 19, 23, 29 1 3,481 125,320 250,000 Springing 250,000 0 0 0 0

 

 A-1-27 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($)  Upfront TI/LC Reserve ($)  Monthly TI/LC Reserve ($) TI/LC Caps ($)  Upfront Debt Service Reserve ($)  Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($)  Upfront Deferred Maintenance Reserve ($) 
        19 20 18, 29 19 20 18 19 20 18
19 Loan 12 1 5,575 0 0 0 0 0 0 0 41,075
20 Loan 5, 6, 7, 19 44 235,965 0 0 0 0 0 0 0 2,014,340
20.01 Property   1                  
20.02 Property   1                  
20.03 Property   1                  
20.04 Property   1                  
20.05 Property   1                  
20.06 Property   1                  
20.07 Property   1                  
20.08 Property   1                  
20.09 Property   1                  
20.10 Property   1                  
20.11 Property   1                  
20.12 Property   1                  
20.13 Property   1                  
20.14 Property   1                  
20.15 Property   1                  
20.16 Property   1                  
20.17 Property   1                  
20.18 Property   1                  
20.19 Property   1                  
20.20 Property   1                  
20.21 Property   1                  
20.22 Property   1                  
20.23 Property   1                  
20.24 Property   1                  
20.25 Property   1                  
20.26 Property   1                  
20.27 Property   1                  
20.28 Property   1                  
20.29 Property   1                  
20.30 Property   1                  
20.31 Property   1                  
20.32 Property   1                  
20.33 Property   1                  
20.34 Property   1                  
20.35 Property   1                  
20.36 Property   1                  
20.37 Property   1                  
20.38 Property   1                  
20.39 Property   1                  
20.40 Property   1                  
20.41 Property   1                  
20.42 Property   1                  
20.43 Property   1                  
20.44 Property   1                  
21 Loan 5, 6, 19 2 9,753 0 0 0 0 0 0 0 0
21.01 Property   1                  
21.02 Property   1                  
22 Loan 19 1 24,074 0 0 0 0 0 0 0 18,013
23 Loan 7, 19 1 3,212 0 2,700,000 Springing 500,000 0 0 0 457,600
24 Loan 6, 17, 19, 23, 27 8 1,196 0 500,000 Springing 400,000 0 0 0 144,273
24.01 Property   1                  
24.02 Property   1                  
24.03 Property   1                  
24.04 Property   1                  
24.05 Property   1                  
24.06 Property   1                  
24.07 Property   1                  
24.08 Property   1                  
25 Loan 19 1 8,984 0 0 0 0 0 0 0 0
26 Loan 2, 27 1 1,078 0 0 4,312 0 0 0 0 64,983
27 Loan 2 1 563 0 0 0 0 0 0 0 13,250
28 Loan 6 2 513 0 0 0 0 0 0 0 12,813
28.01 Property   1                  
28.02 Property   1                  
29 Loan 2, 10, 29 1 1,543 0 0 0 0 0 0 0 0
30 Loan 19 1 14,567 0 0 0 0 0 0 0 0
31 Loan   1 0 0 0 354 0 0 0 0 24,513
32 Loan 2 1 63 0 0 92 0 0 0 0 0

 

 A-1-28 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Upfront Other Reserve ($) Monthly Other Reserve ($)  Other Reserve Description  Other Reserve Cap ($)
        18 19   20
1 Loan 1, 5, 7, 12, 19, 24 1 28,803,694 0 Outstanding TI/LC Reserve (Upfront: $24,345,615), Gap Rent Reserve (Upfront: $4,458,079) 0
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 17,593,844 0 Base Building Work Reserve ($5,932,952), Outstanding TI/LC Reserve ($7,160,274.31), Outstanding Linkage Fees Reserve ($4,500,617.42) 0
3 Loan 13, 15, 19 1 9,466,463 0 Tenant Improvement and Leasing Commissions Funds (Upfront: $6,631,427.25), Rent Concession Reserve (Upfront: $2,835,035.93) 0
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 5,030,248 Springing Outstanding TI/LC Reserve (Upfront: $4,760,872), Free Rent Reserve (Upfront: $269,376), Belpre V Reserve (Monthly: Springing) 0
4.01 Property   1        
4.02 Property   1        
4.03 Property   1        
4.04 Property   1        
4.05 Property   1        
4.06 Property   1        
4.07 Property   1        
4.08 Property   1        
4.09 Property   1        
4.10 Property   1        
4.11 Property   1        
4.12 Property   1        
4.13 Property   1        
4.14 Property   1        
4.15 Property   1        
4.16 Property   1        
4.17 Property   1        
4.18 Property   1        
4.19 Property   1        
4.20 Property   1        
4.21 Property   1        
4.22 Property   1        
4.23 Property   1        
4.24 Property   1        
4.25 Property   1        
4.26 Property   1        
4.27 Property   1        
4.28 Property   1        
4.29 Property   1        
4.30 Property   1        
4.31 Property   1        
4.32 Property   1        
4.33 Property   1        
4.34 Property   1        
4.35 Property   1        
4.36 Property   1        
4.37 Property   1        
4.38 Property   1        
4.39 Property   1        
4.40 Property   1        
4.41 Property   1        
4.42 Property   1        
4.43 Property   1        
4.44 Property   1        
4.45 Property   1        
4.46 Property   1        
4.47 Property   1        
4.48 Property   1        
4.49 Property   1        
4.50 Property   1        
4.51 Property   1        
4.52 Property   1        
4.53 Property   1        
4.54 Property   1        
4.55 Property   1        
4.56 Property   1        
4.57 Property   1        
4.58 Property   1        
4.59 Property   1        
4.60 Property   1        
4.61 Property   1        
4.62 Property   1        
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 11,112,904 0 Upfront Leasing Reserve 0
6 Loan 19 1 0 0   0
7 Loan 1, 7, 12, 13, 19, 24 1 1,805,623 0 Outstanding TI/LC Reserve ($1,581,204.38), Gap Rent Reserve ($224,418.36) 0
8 Loan 1, 4, 13, 23 1 2,611,628 0 Existing TI/LC Obligations Reserve (Upfront: $1,213,190.16), Convergint Lease Reserve (Upfront: $1,000,000), Free Rent Reserve (Upfront: $232,974.88), Gap Rent Reserve (Upfront: $165,462.92) 0
9 Loan 1, 7, 10, 12, 19 1 0 Springing Free Rent Reserve 0
10 Loan 15, 19, 21, 23 1 453,109 0 TATILC Reserve ($275,585), Rent Concessions Reserve ($177,524.07) 0
11 Loan 1, 7, 19, 24 1 0 0   0
12 Loan 1, 7, 12, 17, 19, 21 1 1,506,022 Springing Gap Rent Reserve (Upfront: $1,506,022), Ground Rent Reserve (Monthly: Springing) 0
13 Loan 7, 23, 24, 26, 27, 29 1 0 Springing Amazon Lease Parking Reserve 0
14 Loan 5, 19, 28, 29 1 3,450,000 Springing PIP Reserve 0
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 2,239,344 0 DutchBros Holdback Reserve (Upfront: $900,000), Upfront TI/LC Reserve (Upfront: $606,818.31), American Freight Holdback Reserve (Upfront: $600,000), Free Rent Reserve (Upfront: $100,272.54), Static Insurance Reserve (Upfront: $32,253) 0
15.01 Property   1        
15.02 Property   1        
16 Loan   1 0 0   0
17 Loan 1, 7, 12, 17, 19 1 37,476 Springing Ground Rent Reserve (Upfront: $37,475.90, Monthly: Springing) 37,476
18 Loan 7, 12, 13, 19, 23, 29 1 6,347,744 11,411 Outstanding TI Reserve (Upfront: $5,429,634.94), Free Rent Reserve (Upfront: $918,109.33), Texas Children's Reserve (Monthly: $11,411.39) 0

 

 A-1-29 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Upfront Other Reserve ($) Monthly Other Reserve ($)  Other Reserve Description  Other Reserve Cap ($)
        18 19   20
19 Loan 12 1 1,500,000 0 Earnout Reserve 0
20 Loan 5, 6, 7, 19 44 14,917,247 0 Railroad Contract Renewal Reserve ($7,000,000), Post-Closing Obligation Reserve ($500,000), PIP Reserve ($7,417,247) 0
20.01 Property   1        
20.02 Property   1        
20.03 Property   1        
20.04 Property   1        
20.05 Property   1        
20.06 Property   1        
20.07 Property   1        
20.08 Property   1        
20.09 Property   1        
20.10 Property   1        
20.11 Property   1        
20.12 Property   1        
20.13 Property   1        
20.14 Property   1        
20.15 Property   1        
20.16 Property   1        
20.17 Property   1        
20.18 Property   1        
20.19 Property   1        
20.20 Property   1        
20.21 Property   1        
20.22 Property   1        
20.23 Property   1        
20.24 Property   1        
20.25 Property   1        
20.26 Property   1        
20.27 Property   1        
20.28 Property   1        
20.29 Property   1        
20.30 Property   1        
20.31 Property   1        
20.32 Property   1        
20.33 Property   1        
20.34 Property   1        
20.35 Property   1        
20.36 Property   1        
20.37 Property   1        
20.38 Property   1        
20.39 Property   1        
20.40 Property   1        
20.41 Property   1        
20.42 Property   1        
20.43 Property   1        
20.44 Property   1        
21 Loan 5, 6, 19 2 1,816,940 0 PIP Reserve 0
21.01 Property   1        
21.02 Property   1        
22 Loan 19 1 90,000 Springing Seasonality Reserve 0
23 Loan 7, 19 1 0 0   0
24 Loan 6, 17, 19, 23, 27 8 311,553 0 Outstanding TI/LC Reserve (Upfront: $287,251.90), Free and Gap Rent Reserve (Upfront: $24,301.38) 0
24.01 Property   1        
24.02 Property   1        
24.03 Property   1        
24.04 Property   1        
24.05 Property   1        
24.06 Property   1        
24.07 Property   1        
24.08 Property   1        
25 Loan 19 1 58,827 Springing PIP Reserve 0
26 Loan 2, 27 1 19,509 0 DCC Insurance Reserve 0
27 Loan 2 1 0 0   0
28 Loan 6 2 0 0   0
28.01 Property   1        
28.02 Property   1        
29 Loan 2, 10, 29 1 0 0   0
30 Loan 19 1 0 0   0
31 Loan   1 0 0   0
32 Loan 2 1 0 0   0

 

 A-1-30 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Holdback/ Earnout Amount ($) Holdback/ Earnout Description Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N)
        18 18 26 26        
1 Loan 1, 5, 7, 12, 19, 24 1 NAP NAP Hard Springing Yes No Yes No
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAP NAP Hard Springing Yes Yes Yes No
3 Loan 13, 15, 19 1 NAP NAP Hard Springing Yes Yes No NAP
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 NAP NAP Hard Springing Yes Yes Yes Yes
4.01 Property   1                
4.02 Property   1                
4.03 Property   1                
4.04 Property   1                
4.05 Property   1                
4.06 Property   1                
4.07 Property   1                
4.08 Property   1                
4.09 Property   1                
4.10 Property   1                
4.11 Property   1                
4.12 Property   1                
4.13 Property   1                
4.14 Property   1                
4.15 Property   1                
4.16 Property   1                
4.17 Property   1                
4.18 Property   1                
4.19 Property   1                
4.20 Property   1                
4.21 Property   1                
4.22 Property   1                
4.23 Property   1                
4.24 Property   1                
4.25 Property   1                
4.26 Property   1                
4.27 Property   1                
4.28 Property   1                
4.29 Property   1                
4.30 Property   1                
4.31 Property   1                
4.32 Property   1                
4.33 Property   1                
4.34 Property   1                
4.35 Property   1                
4.36 Property   1                
4.37 Property   1                
4.38 Property   1                
4.39 Property   1                
4.40 Property   1                
4.41 Property   1                
4.42 Property   1                
4.43 Property   1                
4.44 Property   1                
4.45 Property   1                
4.46 Property   1                
4.47 Property   1                
4.48 Property   1                
4.49 Property   1                
4.50 Property   1                
4.51 Property   1                
4.52 Property   1                
4.53 Property   1                
4.54 Property   1                
4.55 Property   1                
4.56 Property   1                
4.57 Property   1                
4.58 Property   1                
4.59 Property   1                
4.60 Property   1                
4.61 Property   1                
4.62 Property   1                
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 NAP NAP Hard Springing Yes No Yes No
6 Loan 19 1 NAP NAP Hard Springing Yes Yes No NAP
7 Loan 1, 7, 12, 13, 19, 24 1 NAP NAP Hard Springing Yes No Yes No
8 Loan 1, 4, 13, 23 1 NAP NAP Hard Springing Yes Yes No NAP
9 Loan 1, 7, 10, 12, 19 1 NAP NAP Hard Springing Yes Yes Yes No
10 Loan 15, 19, 21, 23 1 NAP NAP Hard Springing Yes Yes No NAP
11 Loan 1, 7, 19, 24 1 NAP NAP Hard Springing Yes No Yes No
12 Loan 1, 7, 12, 17, 19, 21 1 NAP NAP Hard Springing Yes Yes Yes No
13 Loan 7, 23, 24, 26, 27, 29 1 NAP NAP Hard Springing Yes Yes Yes No
14 Loan 5, 19, 28, 29 1 NAP NAP Hard Springing Yes No No NAP
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 1,500,000 $900,000 deposited into the DutchBros Holdback Reserve and $600,000 deposited into the American Freight
Holdback Reserve, each to be distributed to borrower upon, among other things, i) no event of default, ii) the
respective lease of DutchBros and American Freight is in full force, each tenant has taken possession of the space,
each tenant is paying rent and provided an estoppel, iii) the Borrower has paid all sums due in connection with each
tenant taking occupancy, iv) the Debt Yield is equal to or greater than 11.1%
Hard Springing Yes Yes No NAP
15.01 Property   1                
15.02 Property   1                
16 Loan   1 NAP NAP Springing Springing Yes No No NAP
17 Loan 1, 7, 12, 17, 19 1 NAP NAP Hard Springing Yes Yes Yes No
18 Loan 7, 12, 13, 19, 23, 29 1 NAP NAP Hard Springing Yes Yes Yes No

 

 A-1-31 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Holdback/ Earnout Amount ($) Holdback/ Earnout Description Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N)
19 Loan 12 1 1,500,000 Provided that no Default or Event of Default then exists, upon Lender’s determination that, prior to the Payment Date
occurring in July, 2025, (i) the Property has achieved an occupancy rate equal to or greater than ninety percent
(90%) and (ii) a Debt Yield equal to or greater than eleven percent (11%) in each case for at least three (3)
consecutive months, Lender shall disburse all Earnout Reserve Funds then on deposit in the Earnout Reserve
Subaccount.
Soft Springing Yes No No NAP
20 Loan 5, 6, 7, 19 44 NAP NAP Hard Springing Yes No Yes No
20.01 Property   1                
20.02 Property   1                
20.03 Property   1                
20.04 Property   1                
20.05 Property   1                
20.06 Property   1                
20.07 Property   1                
20.08 Property   1                
20.09 Property   1                
20.10 Property   1                
20.11 Property   1                
20.12 Property   1                
20.13 Property   1                
20.14 Property   1                
20.15 Property   1                
20.16 Property   1                
20.17 Property   1                
20.18 Property   1                
20.19 Property   1                
20.20 Property   1                
20.21 Property   1                
20.22 Property   1                
20.23 Property   1                
20.24 Property   1                
20.25 Property   1                
20.26 Property   1                
20.27 Property   1                
20.28 Property   1                
20.29 Property   1                
20.30 Property   1                
20.31 Property   1                
20.32 Property   1                
20.33 Property   1                
20.34 Property   1                
20.35 Property   1                
20.36 Property   1                
20.37 Property   1                
20.38 Property   1                
20.39 Property   1                
20.40 Property   1                
20.41 Property   1                
20.42 Property   1                
20.43 Property   1                
20.44 Property   1                
21 Loan 5, 6, 19 2 NAP NAP Springing Springing Yes No No NAP
21.01 Property   1                
21.02 Property   1                
22 Loan 19 1 NAP NAP Hard Springing Yes No No NAP
23 Loan 7, 19 1 NAP NAP Hard Springing Yes Yes Yes No
24 Loan 6, 17, 19, 23, 27 8 NAP NAP Hard Springing Yes No No NAP
24.01 Property   1                
24.02 Property   1                
24.03 Property   1                
24.04 Property   1                
24.05 Property   1                
24.06 Property   1                
24.07 Property   1                
24.08 Property   1                
25 Loan 19 1 NAP NAP Hard Springing Yes No No NAP
26 Loan 2, 27 1 NAP NAP Hard Springing Yes Yes No NAP
27 Loan 2 1 NAP NAP Springing Springing Yes No No NAP
28 Loan 6 2 NAP NAP Springing Springing Yes No No NAP
28.01 Property   1                
28.02 Property   1                
29 Loan 2, 10, 29 1 NAP NAP Springing Springing Yes No No NAP
30 Loan 19 1 NAP NAP Springing Springing Yes No No NAP
31 Loan   1 NAP NAP Hard In Place Yes Yes No NAP
32 Loan 2 1 NAP NAP Springing Springing Yes No No NAP

 

 A-1-32 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%)
            9 9       9  
1 Loan 1, 5, 7, 12, 19, 24 1 82,500,000 367,500,000 1,779,184.90 2,178,593.75 NAP NAP 450,000,000 2,178,593.75 31.5%
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 75,125,000 456,375,000 2,124,433.55 2,474,141.73 NAP NAP 531,500,000 2,474,141.73 48.8%
3 Loan 13, 15, 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 61,500,000 178,500,000 973,215.47 1,308,525.00 NAP NAP 240,000,000 1,308,525.00 52.7%
4.01 Property 1
4.02 Property 1
4.03 Property 1
4.04 Property 1
4.05 Property 1
4.06 Property 1
4.07 Property 1
4.08 Property 1
4.09 Property 1
4.10 Property 1
4.11 Property 1
4.12 Property 1
4.13 Property 1
4.14 Property 1
4.15 Property 1
4.16 Property 1
4.17 Property 1
4.18 Property 1
4.19 Property 1
4.20 Property 1
4.21 Property 1
4.22 Property 1
4.23 Property 1
4.24 Property 1
4.25 Property 1
4.26 Property 1
4.27 Property 1
4.28 Property 1
4.29 Property 1
4.30 Property 1
4.31 Property 1
4.32 Property 1
4.33 Property 1
4.34 Property 1
4.35 Property 1
4.36 Property 1
4.37 Property 1
4.38 Property 1
4.39 Property 1
4.40 Property 1
4.41 Property 1
4.42 Property 1
4.43 Property 1
4.44 Property 1
4.45 Property 1
4.46 Property 1
4.47 Property 1
4.48 Property 1
4.49 Property 1
4.50 Property 1
4.51 Property 1
4.52 Property 1
4.53 Property 1
4.54 Property 1
4.55 Property 1
4.56 Property 1
4.57 Property 1
4.58 Property 1
4.59 Property 1
4.60 Property 1
4.61 Property 1
4.62 Property 1
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 60,000,000 160,000,000 1,052,754.63 1,447,537.62 NAP NAP 220,000,000 1,447,537.62 51.4%
6 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 1, 7, 12, 13, 19, 24 1 49,250,000 130,750,000 720,385.59 991,735.42 NAP NAP 180,000,000 991,735.42 45.0%
8 Loan 1, 4, 13, 23 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 1, 7, 10, 12, 19 1 32,000,000 140,000,000 832,740.74 1,023,081.48 NAP NAP 172,000,000 1,023,081.48 66.2%
10 Loan 15, 19, 21, 23 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 1, 7, 19, 24 1 25,000,000 50,000,000 258,710.65 388,065.97 NAP NAP 75,000,000 388,065.97 51.4%
12 Loan 1, 7, 12, 17, 19, 21 1 22,500,000 67,500,000 463,093.75 617,458.33 NAP NAP 90,000,000 617,458.33 58.8%
13 Loan 7, 23, 24, 26, 27, 29 1 20,500,000 40,000,000 204,737.96 309,666.17 NAP NAP 60,500,000 309,666.17 54.9%
14 Loan 5, 19, 28, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 NAP NAP NAP NAP NAP NAP NAP NAP NAP
15.01 Property 1
15.02 Property 1
16 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 1, 7, 12, 17, 19 1 15,675,000 77,825,000 473,435.42 568,791.67 NAP NAP 93,500,000 568,791.67 50.3%
18 Loan 7, 12, 13, 19, 23, 29 1 14,983,960 34,563,001 258,237.53 370,190.21 NAP NAP 49,546,961 370,190.21 62.2%

 

 A-1-33 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%)
            9 9       9  
19 Loan 12 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 5, 6, 7, 19 44 13,597,319 117,843,431 791,929.21 883,305.66 NAP NAP 131,440,750 883,305.66 61.1%
20.01 Property 1
20.02 Property 1
20.03 Property 1
20.04 Property 1
20.05 Property 1
20.06 Property 1
20.07 Property 1
20.08 Property 1
20.09 Property 1
20.10 Property 1
20.11 Property 1
20.12 Property 1
20.13 Property 1
20.14 Property 1
20.15 Property 1
20.16 Property 1
20.17 Property 1
20.18 Property 1
20.19 Property 1
20.20 Property 1
20.21 Property 1
20.22 Property 1
20.23 Property 1
20.24 Property 1
20.25 Property 1
20.26 Property 1
20.27 Property 1
20.28 Property 1
20.29 Property 1
20.30 Property 1
20.31 Property 1
20.32 Property 1
20.33 Property 1
20.34 Property 1
20.35 Property 1
20.36 Property 1
20.37 Property 1
20.38 Property 1
20.39 Property 1
20.40 Property 1
20.41 Property 1
20.42 Property 1
20.43 Property 1
20.44 Property 1
21 Loan 5, 6, 19 2 NAP NAP NAP NAP NAP NAP NAP NAP NAP
21.01 Property 1
21.02 Property 1
22 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 7, 19 1 12,500,000 30,000,000 167,418.40 237,176.07 NAP NAP 42,500,000 237,176.07 56.0%
24 Loan 6, 17, 19, 23, 27 8 NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.01 Property 1
24.02 Property 1
24.03 Property 1
24.04 Property 1
24.05 Property 1
24.06 Property 1
24.07 Property 1
24.08 Property 1
25 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 2, 27 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 6 2 NAP NAP NAP NAP NAP NAP NAP NAP NAP
28.01 Property 1
28.02 Property 1
29 Loan 2, 10, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-34 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N)
        14   13 13 13 9 13 13, 14 13 13
1 Loan 1, 5, 7, 12, 19, 24 1 3.15 18.7% NAP NAP NAP NAP NAP NAP NAP No
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 1.66 9.3% NAP NAP NAP NAP NAP NAP NAP No
3 Loan 13, 15, 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP Yes
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 1.75 12.1% NAP NAP NAP NAP NAP NAP NAP No
4.01 Property 1
4.02 Property 1
4.03 Property 1
4.04 Property 1
4.05 Property 1
4.06 Property 1
4.07 Property 1
4.08 Property 1
4.09 Property 1
4.10 Property 1
4.11 Property 1
4.12 Property 1
4.13 Property 1
4.14 Property 1
4.15 Property 1
4.16 Property 1
4.17 Property 1
4.18 Property 1
4.19 Property 1
4.20 Property 1
4.21 Property 1
4.22 Property 1
4.23 Property 1
4.24 Property 1
4.25 Property 1
4.26 Property 1
4.27 Property 1
4.28 Property 1
4.29 Property 1
4.30 Property 1
4.31 Property 1
4.32 Property 1
4.33 Property 1
4.34 Property 1
4.35 Property 1
4.36 Property 1
4.37 Property 1
4.38 Property 1
4.39 Property 1
4.40 Property 1
4.41 Property 1
4.42 Property 1
4.43 Property 1
4.44 Property 1
4.45 Property 1
4.46 Property 1
4.47 Property 1
4.48 Property 1
4.49 Property 1
4.50 Property 1
4.51 Property 1
4.52 Property 1
4.53 Property 1
4.54 Property 1
4.55 Property 1
4.56 Property 1
4.57 Property 1
4.58 Property 1
4.59 Property 1
4.60 Property 1
4.61 Property 1
4.62 Property 1
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 1.52 13.5% NAP NAP NAP NAP NAP NAP NAP No
6 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
7 Loan 1, 7, 12, 13, 19, 24 1 2.50 17.5% NAP NAP NAP NAP NAP NAP NAP No
8 Loan 1, 4, 13, 23 1 NAP NAP 4,500,000 12.50000% 38,500,000 259,242.94 63.3% 1.16 9.8% No
9 Loan 1, 7, 10, 12, 19 1 1.83 13.6% NAP NAP NAP NAP NAP NAP NAP No
10 Loan 15, 19, 21, 23 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
11 Loan 1, 7, 19, 24 1 2.32 15.3% NAP NAP NAP NAP NAP NAP NAP No
12 Loan 1, 7, 12, 17, 19, 21 1 1.50 13.3% NAP NAP NAP NAP NAP NAP NAP No
13 Loan 7, 23, 24, 26, 27, 29 1 2.19 13.6% NAP NAP NAP NAP NAP NAP NAP No
14 Loan 5, 19, 28, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 NAP NAP NAP NAP NAP NAP NAP NAP NAP Yes
15.01 Property 1
15.02 Property 1
16 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
17 Loan 1, 7, 12, 17, 19 1 1.55 11.3% NAP NAP NAP NAP NAP NAP NAP No
18 Loan 7, 12, 13, 19, 23, 29 1 1.20 11.4% NAP NAP NAP NAP NAP NAP NAP Yes

 

 A-1-35 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N)
        14   13 13 13 9 13 13, 14 13 13
19 Loan 12 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
20 Loan 5, 6, 7, 19 44 1.56 14.8% NAP NAP NAP NAP NAP NAP NAP No
20.01 Property 1
20.02 Property 1
20.03 Property 1
20.04 Property 1
20.05 Property 1
20.06 Property 1
20.07 Property 1
20.08 Property 1
20.09 Property 1
20.10 Property 1
20.11 Property 1
20.12 Property 1
20.13 Property 1
20.14 Property 1
20.15 Property 1
20.16 Property 1
20.17 Property 1
20.18 Property 1
20.19 Property 1
20.20 Property 1
20.21 Property 1
20.22 Property 1
20.23 Property 1
20.24 Property 1
20.25 Property 1
20.26 Property 1
20.27 Property 1
20.28 Property 1
20.29 Property 1
20.30 Property 1
20.31 Property 1
20.32 Property 1
20.33 Property 1
20.34 Property 1
20.35 Property 1
20.36 Property 1
20.37 Property 1
20.38 Property 1
20.39 Property 1
20.40 Property 1
20.41 Property 1
20.42 Property 1
20.43 Property 1
20.44 Property 1
21 Loan 5, 6, 19 2 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
21.01 Property 1
21.02 Property 1
22 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
23 Loan 7, 19 1 1.53 10.8% NAP NAP NAP NAP NAP NAP NAP No
24 Loan 6, 17, 19, 23, 27 8 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
24.01 Property 1
24.02 Property 1
24.03 Property 1
24.04 Property 1
24.05 Property 1
24.06 Property 1
24.07 Property 1
24.08 Property 1
25 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
26 Loan 2, 27 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
27 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
28 Loan 6 2 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
28.01 Property 1
28.02 Property 1
29 Loan 2, 10, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
30 Loan 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
31 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No
32 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP No

 

 A-1-36 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Future Debt Permitted Type Sponsor Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)
        13   24  
1 Loan 1, 5, 7, 12, 19, 24 1 NAP Simon Property Group, L.P. Simon Property Group, L.P. and PPF Retail, LLC No
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAP DivcoWest Real Estate Services, LLC, California State Teachers' Retirement System and Teacher Retirement System of Texas NAP No
3 Loan 13, 15, 19 1 Future Mezzanine Loan Phoenix Investors Irrevocable Children's Trust Dated 7/22/91 and Irrevocable Children's Trust No. 2 Dated 7/22/91 No
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 NAP Healthcare Trust Operating Partnership, L.P. Healthcare Trust Operating Partnership, L.P. No
4.01 Property   1        
4.02 Property   1        
4.03 Property   1        
4.04 Property   1        
4.05 Property   1        
4.06 Property   1        
4.07 Property   1        
4.08 Property   1        
4.09 Property   1        
4.10 Property   1        
4.11 Property   1        
4.12 Property   1        
4.13 Property   1        
4.14 Property   1        
4.15 Property   1        
4.16 Property   1        
4.17 Property   1        
4.18 Property   1        
4.19 Property   1        
4.20 Property   1        
4.21 Property   1        
4.22 Property   1        
4.23 Property   1        
4.24 Property   1        
4.25 Property   1        
4.26 Property   1        
4.27 Property   1        
4.28 Property   1        
4.29 Property   1        
4.30 Property   1        
4.31 Property   1        
4.32 Property   1        
4.33 Property   1        
4.34 Property   1        
4.35 Property   1        
4.36 Property   1        
4.37 Property   1        
4.38 Property   1        
4.39 Property   1        
4.40 Property   1        
4.41 Property   1        
4.42 Property   1        
4.43 Property   1        
4.44 Property   1        
4.45 Property   1        
4.46 Property   1        
4.47 Property   1        
4.48 Property   1        
4.49 Property   1        
4.50 Property   1        
4.51 Property   1        
4.52 Property   1        
4.53 Property   1        
4.54 Property   1        
4.55 Property   1        
4.56 Property   1        
4.57 Property   1        
4.58 Property   1        
4.59 Property   1        
4.60 Property   1        
4.61 Property   1        
4.62 Property   1        
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 NAP Brandywine Operating Partnership, L.P. Brandywine Operating Partnership, L.P. No
6 Loan 19 1 NAP TechCore, LLC TechCore, LLC No
7 Loan 1, 7, 12, 13, 19, 24 1 NAP The Taubman Realty Group LLC The Taubman Realty Group LLC No
8 Loan 1, 4, 13, 23 1 NAP Ronald J. Cohen, Alan D. Cohen and Marital Trust U/W of Dana Cohen F/B/O Ronald J. Cohen Ronald J. Cohen, Alan D. Cohen and Marital Trust U/W of Dana Cohen F/B/O Ronald J. Cohen No
9 Loan 1, 7, 10, 12, 19 1 NAP Kato Road Cypress Holdings, LLC Kato Road Cypress Holdings, LLC No
10 Loan 15, 19, 21, 23 1 NAP David Luski, Adam Breen, Jean Marie Apruzzese DRA Growth and Income Master Fund IX, LLC No
11 Loan 1, 7, 19, 24 1 NAP Simon Property Group, L.P. Simon Property Group, L.P. No
12 Loan 1, 7, 12, 17, 19, 21 1 NAP BPR Nimbus LLC BPR Nimbus LLC No
13 Loan 7, 23, 24, 26, 27, 29 1 NAP Mirabaud RE South Lake Owner LLC NAP No
14 Loan 5, 19, 28, 29 1 NAP B. Scott Satterfield and Greg R. Helm B. Scott Satterfield and Greg R. Helm No
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 Future Mezzanine Loan Sanjiv Chopra Sanjiv Chopra No
15.01 Property   1        
15.02 Property   1        
16 Loan   1 NAP Gary W. Gates, Jr. Gary W. Gates, Jr. No
17 Loan 1, 7, 12, 17, 19 1 NAP The Modern Group, Ltd. The Modern Group, Ltd. No
18 Loan 7, 12, 13, 19, 23, 29 1 Future Mezzanine Loan Accesso Partners and Partners Group Investment Properties Holdings (US), LLLP and Investment Properties Holdings, LLLP No

 

 A-1-37 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Future Debt Permitted Type Sponsor Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)
        13   24  
19 Loan 12 1 NAP Scott Patterson, Benjamin Koberna and Jonathan Smith Scott Patterson, Benjamin Koberna and Jonathan Smith No
20 Loan 5, 6, 7, 19 44 NAP Tom Vukota Tom Vukota No
20.01 Property   1        
20.02 Property   1        
20.03 Property   1        
20.04 Property   1        
20.05 Property   1        
20.06 Property   1        
20.07 Property   1        
20.08 Property   1        
20.09 Property   1        
20.10 Property   1        
20.11 Property   1        
20.12 Property   1        
20.13 Property   1        
20.14 Property   1        
20.15 Property   1        
20.16 Property   1        
20.17 Property   1        
20.18 Property   1        
20.19 Property   1        
20.20 Property   1        
20.21 Property   1        
20.22 Property   1        
20.23 Property   1        
20.24 Property   1        
20.25 Property   1        
20.26 Property   1        
20.27 Property   1        
20.28 Property   1        
20.29 Property   1        
20.30 Property   1        
20.31 Property   1        
20.32 Property   1        
20.33 Property   1        
20.34 Property   1        
20.35 Property   1        
20.36 Property   1        
20.37 Property   1        
20.38 Property   1        
20.39 Property   1        
20.40 Property   1        
20.41 Property   1        
20.42 Property   1        
20.43 Property   1        
20.44 Property   1        
21 Loan 5, 6, 19 2 NAP Sandeep Sethi Sandeep Sethi No
21.01 Property   1        
21.02 Property   1        
22 Loan 19 1 NAP Stoney Creek Hospitality Corporation SCI Lodging Group, L.L.C.  No
23 Loan 7, 19 1 NAP Chaim Simkowitz and Abraham J. Hoffman Chaim Simkowitz and Abraham J. Hoffman No
24 Loan 6, 17, 19, 23, 27 8 NAP David Fisher, Joshua Ungerecht and Warren Thomas David Fisher, Joshua Ungerecht and Warren Thomas Yes
24.01 Property   1        
24.02 Property   1        
24.03 Property   1        
24.04 Property   1        
24.05 Property   1        
24.06 Property   1        
24.07 Property   1        
24.08 Property   1        
25 Loan 19 1 NAP Nishant Meraiya and Jashiben Patel Nishant Meraiya and Jashiben Patel No
26 Loan 2, 27 1 NAP Andrew Feuereisen and Jeffrey Feuereisen Andrew Feuereisen and Jeffrey Feuereisen No
27 Loan 2 1 NAP Peter Pratti and Shawn Scholem Peter Pratti and Shawn Scholem No
28 Loan 6 2 NAP Brooke L. Torres and Christian F. Torres Brooke L. Torres and Christian F. Torres No
28.01 Property   1        
28.02 Property   1        
29 Loan 2, 10, 29 1 NAP Charles S. Johnston, Hugh S. Johnston, Thomas W. Johnston and Alexander Stewart Charles S. Johnston, Hugh S. Johnston, Thomas W. Johnston and Alexander Stewart No
30 Loan 19 1 NAP Nick Trivedi Nick Trivedi No
31 Loan   1 NAP Mendel Kaff Mendel Kaff No
32 Loan 2 1 NAP Yitzchak Meyer Green Yitzchak Meyer Green No

 

 A-1-38 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Tenants-in-common
(Y/N)
Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($)
        29   28                  
1 Loan 1, 5, 7, 12, 19, 24 1 No Refinance No 450,000,000 0 0 0 450,000,000 417,362,939 0 1,262,178 28,803,694
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 No Refinance No 531,500,000 7,497,903 0 0 538,997,903 473,876,626 0 3,334,755 17,593,844
3 Loan 13, 15, 19 1 No Refinance No 67,500,000 0 0 0 67,500,000 24,455,740 0 2,836,025 11,777,542
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 No Refinance 240,000,000 0 0 0 240,000,000 196,076,830 0 8,563,111 5,969,433
4.01 Property 1 No
4.02 Property 1 No
4.03 Property 1 No
4.04 Property 1 No
4.05 Property 1 No
4.06 Property 1 No
4.07 Property 1 No
4.08 Property 1 No
4.09 Property 1 No
4.10 Property 1 No
4.11 Property 1 No
4.12 Property 1 No
4.13 Property 1 No
4.14 Property 1 No
4.15 Property 1 No
4.16 Property 1 No
4.17 Property 1 No
4.18 Property 1 No
4.19 Property 1 No
4.20 Property 1 No
4.21 Property 1 No
4.22 Property 1 No
4.23 Property 1 No
4.24 Property 1 No
4.25 Property 1 No
4.26 Property 1 No
4.27 Property 1 No
4.28 Property 1 No
4.29 Property 1 No
4.30 Property 1 No
4.31 Property 1 No
4.32 Property 1 No
4.33 Property 1 No
4.34 Property 1 No
4.35 Property 1 No
4.36 Property 1 No
4.37 Property 1 No
4.38 Property 1 No
4.39 Property 1 No
4.40 Property 1 No
4.41 Property 1 No
4.42 Property 1 No
4.43 Property 1 No
4.44 Property 1 No
4.45 Property 1 No
4.46 Property 1 No
4.47 Property 1 No
4.48 Property 1 No
4.49 Property 1 No
4.50 Property 1 No
4.51 Property 1 No
4.52 Property 1 No
4.53 Property 1 No
4.54 Property 1 No
4.55 Property 1 No
4.56 Property 1 No
4.57 Property 1 No
4.58 Property 1 No
4.59 Property 1 No
4.60 Property 1 No
4.61 Property 1 No
4.62 Property 1 No
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 No Refinance No 220,000,000 24,825,039 0 0 244,825,039 204,600,430 0 4,111,705 36,112,904
6 Loan 19 1 No Acquisition No 60,000,000 91,080,769 0 0 151,080,769 0 150,000,000 910,791 169,979
7 Loan 1, 7, 12, 13, 19, 24 1 No Refinance No 180,000,000 962,977 0 0 180,962,977 177,589,210 0 1,568,144 1,805,623
8 Loan 1, 4, 13, 23 1 No Refinance No 34,000,000 0 4,500,000 0 38,500,000 31,826,955 0 1,145,985 3,914,597
9 Loan 1, 7, 10, 12, 19 1 No Acquisition No 172,000,000 90,443,933 0 519,152 262,963,085 0 260,000,000 2,963,085 0
10 Loan 15, 19, 21, 23 1 No Refinance No 31,500,000 5,660,504 0 0 37,160,504 32,655,150 0 1,911,627 2,593,727
11 Loan 1, 7, 19, 24 1 No Refinance No 75,000,000 11,269,500 0 0 86,269,500 85,407,237 0 862,263 0
12 Loan 1, 7, 12, 17, 19, 21 1 No Refinance No 90,000,000 0 0 0 90,000,000 70,733,847 0 2,361,300 13,388,948
13 Loan 7, 23, 24, 26, 27, 29 1 No Acquisition No 60,500,000 53,186,155 0 0 113,686,155 0 110,250,000 3,007,154 429,001
14 Loan 5, 19, 28, 29 1 Yes Acquisition Yes 19,500,000 18,044,767 0 0 37,544,767 0 33,600,000 182,445 3,762,322
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 No Refinance 19,500,000 0 0 0 19,500,000 16,450,650 0 675,994 2,307,184
15.01 Property 1 No
15.02 Property 1 No
16 Loan 1 No Refinance No
17 Loan 1, 7, 12, 17, 19 1 No Recapitalization No
18 Loan 7, 12, 13, 19, 23, 29 1 No Refinance No

 

 A-1-39 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Tenants-in-common
(Y/N)
Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($)
        29   28                  
19 Loan 12 1 No Acquisition No
20 Loan 5, 6, 7, 19 44 No Acquisition
20.01 Property 1 No
20.02 Property 1 No
20.03 Property 1 No
20.04 Property 1 No
20.05 Property 1 No
20.06 Property 1 No
20.07 Property 1 No
20.08 Property 1 No
20.09 Property 1 No
20.10 Property 1 No
20.11 Property 1 No
20.12 Property 1 No
20.13 Property 1 No
20.14 Property 1 No
20.15 Property 1 No
20.16 Property 1 No
20.17 Property 1 No
20.18 Property 1 No
20.19 Property 1 No
20.20 Property 1 No
20.21 Property 1 No
20.22 Property 1 No
20.23 Property 1 No
20.24 Property 1 No
20.25 Property 1 No
20.26 Property 1 No
20.27 Property 1 No
20.28 Property 1 No
20.29 Property 1 No
20.30 Property 1 No
20.31 Property 1 No
20.32 Property 1 No
20.33 Property 1 No
20.34 Property 1 No
20.35 Property 1 No
20.36 Property 1 No
20.37 Property 1 No
20.38 Property 1 No
20.39 Property 1 No
20.40 Property 1 No
20.41 Property 1 No
20.42 Property 1 No
20.43 Property 1 No
20.44 Property 1 No
21 Loan 5, 6, 19 2 No Refinance
21.01 Property 1 No
21.02 Property 1 No
22 Loan 19 1 No Refinance No
23 Loan 7, 19 1 No Refinance No
24 Loan 6, 17, 19, 23, 27 8 No Acquisition
24.01 Property 1 No
24.02 Property 1 No
24.03 Property 1 No
24.04 Property 1 No
24.05 Property 1 No
24.06 Property 1 No
24.07 Property 1 No
24.08 Property 1 No
25 Loan 19 1 No Refinance No
26 Loan 2, 27 1 No Refinance No
27 Loan 2 1 No Refinance No
28 Loan 6 2 No Refinance
28.01 Property 1 No
28.02 Property 1 No
29 Loan 2, 10, 29 1 No Refinance No
30 Loan 19 1 No Refinance No
31 Loan 1 No Refinance No
32 Loan 2 1 No Refinance No

 

 A-1-40 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%)
                                 
1 Loan 1, 5, 7, 12, 19, 24 1 2,571,188 0 450,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 0 44,192,678 538,997,903 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 13, 15, 19 1 1,150,171 27,280,522 67,500,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 29,390,626 0 240,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.03 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.04 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.05 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.06 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.07 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.08 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.09 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.10 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.11 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.12 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.13 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.14 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.15 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.16 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.17 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.18 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.19 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.20 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.21 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.22 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.23 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.24 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.25 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.26 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.27 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.28 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.29 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.30 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.31 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.32 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.33 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.34 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.35 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.36 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.37 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.38 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.39 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.40 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.41 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.42 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.43 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.44 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.45 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.46 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.47 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.48 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.49 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.50 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.51 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.52 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.53 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.54 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.55 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.56 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.57 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.58 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.59 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.60 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.61 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.62 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 0 0 244,825,039 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 19 1 0 0 151,080,769 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 1, 7, 12, 13, 19, 24 1 0 0 180,962,977 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 1, 4, 13, 23 1 1,612,463 0 38,500,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 1, 7, 10, 12, 19 1 0 0 262,963,085 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 15, 19, 21, 23 1 0 0 37,160,504 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 1, 7, 19, 24 1 0 0 86,269,500 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 1, 7, 12, 17, 19, 21 1 3,515,904 0 90,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 7, 23, 24, 26, 27, 29 1 0 0 113,686,155 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan 5, 19, 28, 29 1 0 0 37,544,767 5/31/2038 153.59 116.82 76.1% 153.59 116.82 76.1% 152.74 114.93 74.2%
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 66,171 0 19,500,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 1, 7, 12, 17, 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 7, 12, 13, 19, 23, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-41 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%)
                                 
19 Loan 12 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 5, 6, 7, 19 44 1/1/2035 73.37 40.32 55.0% 73.37 40.32 55.0% 72.51 39.72 54.8%
20.01 Property 1 1/1/2035 153.91 52.36 34.0% 153.91 52.36 34.0% 152.85 51.61 33.8%
20.02 Property 1 1/1/2035 52.74 48.09 91.2% 52.74 48.09 91.2% 51.63 46.67 90.4%
20.03 Property 1 1/1/2035 65.18 33.68 51.7% 65.18 33.68 51.7% 64.02 33.42 52.2%
20.04 Property 1 1/1/2035 74.11 50.32 67.9% 74.11 50.32 67.9% 74.88 50.50 67.4%
20.05 Property 1 1/1/2035 72.53 31.28 43.1% 72.53 31.28 43.1% 72.07 31.37 43.5%
20.06 Property 1 1/1/2035 71.39 34.94 48.9% 71.39 34.94 48.9% 72.05 36.48 50.6%
20.07 Property 1 1/1/2035 87.62 42.90 49.0% 87.62 42.90 49.0% 87.07 38.48 44.2%
20.08 Property 1 1/1/2035 58.39 53.99 92.5% 58.39 53.99 92.5% 57.80 53.37 92.3%
20.09 Property 1 1/1/2035 90.15 60.91 67.6% 90.15 60.91 67.6% 87.15 60.37 69.3%
20.10 Property 1 1/1/2035 79.82 40.13 50.3% 79.82 40.13 50.3% 93.07 39.72 42.7%
20.11 Property 1 1/1/2035 63.48 37.97 59.8% 63.48 37.97 59.8% 62.98 37.35 59.3%
20.12 Property 1 1/1/2035 76.37 37.13 48.6% 76.37 37.13 48.6% 79.12 37.63 47.6%
20.13 Property 1 1/1/2035 64.82 33.79 52.1% 64.82 33.79 52.1% 63.43 33.59 53.0%
20.14 Property 1 1/1/2035 48.78 21.31 43.7% 48.78 21.31 43.7% 47.63 20.77 43.6%
20.15 Property 1 1/1/2035 67.03 48.15 71.8% 67.03 48.15 71.8% 67.17 48.99 72.9%
20.16 Property 1 1/1/2035 68.22 28.87 42.3% 68.22 28.87 42.3% 67.63 30.31 44.8%
20.17 Property 1 1/1/2035 65.09 38.15 58.6% 65.09 38.15 58.6% 63.99 38.14 59.6%
20.18 Property 1 1/1/2035 84.65 61.05 72.1% 84.65 61.05 72.1% 84.22 59.96 71.2%
20.19 Property 1 1/1/2035 111.86 84.26 75.3% 111.86 84.26 75.3% 108.49 80.52 74.2%
20.20 Property 1 1/1/2035 88.64 46.98 53.0% 88.64 46.98 53.0% 88.96 46.66 52.4%
20.21 Property 1 1/1/2035 61.18 14.73 24.1% 61.18 14.73 24.1% 60.55 15.42 25.5%
20.22 Property 1 1/1/2035 69.34 45.65 65.8% 69.34 45.65 65.8% 68.86 45.83 66.6%
20.23 Property 1 1/1/2035 69.77 48.18 69.1% 69.77 48.18 69.1% 68.71 47.70 69.4%
20.24 Property 1 1/1/2035 79.24 51.95 65.6% 79.24 51.95 65.6% 77.97 49.50 63.5%
20.25 Property 1 1/1/2035 71.89 28.57 39.7% 71.89 28.57 39.7% 71.70 28.13 39.2%
20.26 Property 1 1/1/2035 75.73 33.13 43.7% 75.73 33.13 43.7% 74.68 36.04 48.3%
20.27 Property 1 1/1/2035 52.79 17.08 32.4% 52.79 17.08 32.4% 52.35 16.88 32.2%
20.28 Property 1 1/1/2035 108.17 66.64 61.6% 108.17 66.64 61.6% 90.86 56.18 61.8%
20.29 Property 1 1/1/2035 68.03 49.66 73.0% 68.03 49.66 73.0% 65.42 49.19 75.2%
20.30 Property 1 1/1/2035 69.01 50.15 72.7% 69.01 50.15 72.7% 67.76 49.33 72.8%
20.31 Property 1 1/1/2035 66.54 47.65 71.6% 66.54 47.65 71.6% 68.21 47.86 70.2%
20.32 Property 1 1/1/2035 73.23 20.93 28.6% 73.23 20.93 28.6% 74.70 22.44 30.0%
20.33 Property 1 1/1/2035 67.81 30.28 44.6% 67.81 30.28 44.6% 68.36 31.52 46.1%
20.34 Property 1 1/1/2035 85.98 59.66 69.4% 85.98 59.66 69.4% 84.81 58.18 68.6%
20.35 Property 1 1/1/2035 47.64 42.57 89.4% 47.64 42.57 89.4% 47.94 42.74 89.1%
20.36 Property 1 1/1/2035 98.58 47.05 47.7% 98.58 47.05 47.7% 89.27 41.59 46.6%
20.37 Property 1 1/1/2035 58.54 16.51 28.2% 58.54 16.51 28.2% 58.52 16.70 28.5%
20.38 Property 1 1/1/2035 94.29 47.96 50.9% 94.29 47.96 50.9% 93.32 45.47 48.7%
20.39 Property 1 1/1/2035 85.27 42.84 50.2% 85.27 42.84 50.2% 76.20 44.12 57.9%
20.40 Property 1 1/1/2035 158.18 72.72 46.0% 158.18 72.72 46.0% 152.48 69.11 45.3%
20.41 Property 1 1/1/2035 73.56 53.57 72.8% 73.56 53.57 72.8% 74.10 52.84 71.3%
20.42 Property 1 1/1/2035 74.08 20.66 27.9% 74.08 20.66 27.9% 75.66 18.54 24.5%
20.43 Property 1 1/1/2035 80.66 59.68 74.0% 80.66 59.68 74.0% 80.86 59.67 73.8%
20.44 Property 1 1/1/2035 95.27 51.67 54.2% 95.27 51.67 54.2% 96.07 48.69 50.7%
21 Loan 5, 6, 19 2 5/30/2038 113.72 73.94 65.0% 113.72 73.94 65.0% 111.80 68.92 61.6%
21.01 Property 1 5/30/2038 125.94 88.86 70.6% 125.94 88.86 70.6% 124.78 84.98 68.1%
21.02 Property 1 5/30/2038 102.36 62.03 60.6% 102.36 62.03 60.6% 99.31 56.11 56.5%
22 Loan 19 1 NAP 125.88 88.75 70.5% 125.26 88.55 70.7% 125.15 87.70 70.1%
23 Loan 7, 19 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 6, 17, 19, 23, 27 8 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.03 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.04 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.05 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.06 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.07 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.08 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 19 1 2/28/2030 84.15 58.80 69.9% 112.87 58.80 52.1% 112.04 52.88 47.2%
26 Loan 2, 27 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 6 2 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28.01 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28.02 Property 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 2, 10, 29 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 19 1 3/31/2031 129.91 110.43 85.0% 129.91 111.34 85.7% 126.13 108.09 85.7%
31 Loan 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan 2 1 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-42 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
             
1 Loan 1, 5, 7, 12, 19, 24 1 NAP NAP NAP
2 Loan 1, 2, 4, 5, 7, 11, 12, 19, 21, 23, 24, 29 1 NAP NAP NAP
3 Loan 13, 15, 19 1 NAP NAP NAP
4 Loan 1, 5, 6, 7, 12, 17, 19, 21, 23, 29 62 NAP NAP NAP
4.01 Property   1 NAP NAP NAP
4.02 Property   1 NAP NAP NAP
4.03 Property   1 NAP NAP NAP
4.04 Property   1 NAP NAP NAP
4.05 Property   1 NAP NAP NAP
4.06 Property   1 NAP NAP NAP
4.07 Property   1 NAP NAP NAP
4.08 Property   1 NAP NAP NAP
4.09 Property   1 NAP NAP NAP
4.10 Property   1 NAP NAP NAP
4.11 Property   1 NAP NAP NAP
4.12 Property   1 NAP NAP NAP
4.13 Property   1 NAP NAP NAP
4.14 Property   1 NAP NAP NAP
4.15 Property   1 NAP NAP NAP
4.16 Property   1 NAP NAP NAP
4.17 Property   1 NAP NAP NAP
4.18 Property   1 NAP NAP NAP
4.19 Property   1 NAP NAP NAP
4.20 Property   1 NAP NAP NAP
4.21 Property   1 NAP NAP NAP
4.22 Property   1 NAP NAP NAP
4.23 Property   1 NAP NAP NAP
4.24 Property   1 NAP NAP NAP
4.25 Property   1 NAP NAP NAP
4.26 Property   1 NAP NAP NAP
4.27 Property   1 NAP NAP NAP
4.28 Property   1 NAP NAP NAP
4.29 Property   1 NAP NAP NAP
4.30 Property   1 NAP NAP NAP
4.31 Property   1 NAP NAP NAP
4.32 Property   1 NAP NAP NAP
4.33 Property   1 NAP NAP NAP
4.34 Property   1 NAP NAP NAP
4.35 Property   1 NAP NAP NAP
4.36 Property   1 NAP NAP NAP
4.37 Property   1 NAP NAP NAP
4.38 Property   1 NAP NAP NAP
4.39 Property   1 NAP NAP NAP
4.40 Property   1 NAP NAP NAP
4.41 Property   1 NAP NAP NAP
4.42 Property   1 NAP NAP NAP
4.43 Property   1 NAP NAP NAP
4.44 Property   1 NAP NAP NAP
4.45 Property   1 NAP NAP NAP
4.46 Property   1 NAP NAP NAP
4.47 Property   1 NAP NAP NAP
4.48 Property   1 NAP NAP NAP
4.49 Property   1 NAP NAP NAP
4.50 Property   1 NAP NAP NAP
4.51 Property   1 NAP NAP NAP
4.52 Property   1 NAP NAP NAP
4.53 Property   1 NAP NAP NAP
4.54 Property   1 NAP NAP NAP
4.55 Property   1 NAP NAP NAP
4.56 Property   1 NAP NAP NAP
4.57 Property   1 NAP NAP NAP
4.58 Property   1 NAP NAP NAP
4.59 Property   1 NAP NAP NAP
4.60 Property   1 NAP NAP NAP
4.61 Property   1 NAP NAP NAP
4.62 Property   1 NAP NAP NAP
5 Loan 1, 4, 7, 18, 19, 23, 24, 29 1 NAP NAP NAP
6 Loan 19 1 NAP NAP NAP
7 Loan 1, 7, 12, 13, 19, 24 1 NAP NAP NAP
8 Loan 1, 4, 13, 23 1 NAP NAP NAP
9 Loan 1, 7, 10, 12, 19 1 NAP NAP NAP
10 Loan 15, 19, 21, 23 1 NAP NAP NAP
11 Loan 1, 7, 19, 24 1 NAP NAP NAP
12 Loan 1, 7, 12, 17, 19, 21 1 NAP NAP NAP
13 Loan 7, 23, 24, 26, 27, 29 1 NAP NAP NAP
14 Loan 5, 19, 28, 29 1 147.39 82.45 55.9%
15 Loan 5, 6, 13, 16, 18, 19, 21, 23 2 NAP NAP NAP
15.01 Property   1 NAP NAP NAP
15.02 Property   1 NAP NAP NAP
16 Loan   1 NAP NAP NAP
17 Loan 1, 7, 12, 17, 19 1 NAP NAP NAP
18 Loan 7, 12, 13, 19, 23, 29 1 NAP NAP NAP

 

 A-1-43 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
             
19 Loan 12 1 NAP NAP NAP
20 Loan 5, 6, 7, 19 44 70.26 38.30 54.5%
20.01 Property   1 167.10 47.38 28.4%
20.02 Property   1 49.05 43.38 88.5%
20.03 Property   1 63.90 33.22 52.0%
20.04 Property   1 74.08 44.09 59.5%
20.05 Property   1 74.63 30.67 41.1%
20.06 Property   1 76.53 39.72 51.9%
20.07 Property   1 87.04 37.05 42.6%
20.08 Property   1 58.94 51.01 86.6%
20.09 Property   1 85.94 55.33 64.4%
20.10 Property   1 69.77 35.74 51.2%
20.11 Property   1 69.36 39.11 56.4%
20.12 Property   1 76.91 36.64 47.6%
20.13 Property   1 59.78 38.75 64.8%
20.14 Property   1 47.54 19.22 40.4%
20.15 Property   1 62.04 42.72 68.9%
20.16 Property   1 62.89 29.48 46.9%
20.17 Property   1 58.11 37.40 64.3%
20.18 Property   1 86.70 51.50 59.4%
20.19 Property   1 105.53 74.74 70.8%
20.20 Property   1 87.41 50.88 58.2%
20.21 Property   1 56.52 14.38 25.4%
20.22 Property   1 71.95 51.20 71.2%
20.23 Property   1 74.10 46.91 63.3%
20.24 Property   1 87.66 55.63 63.5%
20.25 Property   1 71.60 25.93 36.2%
20.26 Property   1 66.87 36.06 53.9%
20.27 Property   1 53.62 15.73 29.3%
20.28 Property   1 75.96 45.41 59.8%
20.29 Property   1 59.78 40.70 68.1%
20.30 Property   1 77.79 47.79 61.4%
20.31 Property   1 68.18 51.33 75.3%
20.32 Property   1 60.00 42.76 71.3%
20.33 Property   1 62.76 35.08 55.9%
20.34 Property   1 76.65 43.99 57.4%
20.35 Property   1 49.68 39.19 78.9%
20.36 Property   1 69.83 37.67 53.9%
20.37 Property   1 53.50 14.75 27.6%
20.38 Property   1 68.68 34.91 50.8%
20.39 Property   1 77.09 47.53 61.7%
20.40 Property   1 142.12 60.12 42.3%
20.41 Property   1 75.43 46.54 61.7%
20.42 Property   1 69.36 18.64 26.9%
20.43 Property   1 80.46 60.23 74.9%
20.44 Property   1 103.00 36.54 35.5%
21 Loan 5, 6, 19 2 101.07 63.59 62.9%
21.01 Property   1 110.88 78.39 70.7%
21.02 Property   1 91.31 51.77 56.7%
22 Loan 19 1 122.69 73.18 59.6%
23 Loan 7, 19 1 NAP NAP NAP
24 Loan 6, 17, 19, 23, 27 8 NAP NAP NAP
24.01 Property   1 NAP NAP NAP
24.02 Property   1 NAP NAP NAP
24.03 Property   1 NAP NAP NAP
24.04 Property   1 NAP NAP NAP
24.05 Property   1 NAP NAP NAP
24.06 Property   1 NAP NAP NAP
24.07 Property   1 NAP NAP NAP
24.08 Property   1 NAP NAP NAP
25 Loan 19 1 93.51 36.10 38.6%
26 Loan 2, 27 1 NAP NAP NAP
27 Loan 2 1 NAP NAP NAP
28 Loan 6 2 NAP NAP NAP
28.01 Property   1 NAP NAP NAP
28.02 Property   1 NAP NAP NAP
29 Loan 2, 10, 29 1 NAP NAP NAP
30 Loan 19 1 102.70 81.65 79.5%
31 Loan   1 NAP NAP NAP
32 Loan 2 1 NAP NAP NAP

 

 A-1-44 

 

Footnotes to Annex A-1
 
(1) “Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller, “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “SGFC” denotes Société Générale Financial Corporation as Mortgage Loan Seller, “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller, “AREF” denotes Argentic Real Estate Finance 2 LLC as Mortgage Loan Seller, “BANA” denotes Bank of America, National Association as Mortgage Loan Seller.

With respect to Loan No. 1, Fashion Valley Mall, the mortgage loan is part of a whole loan that was co-originated by BANA, JPMorgan Chase Bank, National Association, Barclays and BMO.

With respect to Loan No. 2, CX – 250 Water Street, the mortgage loan is part of a whole loan that was co-originated by BANA, Wells Fargo Bank, National Association, Goldman Sachs Bank USA and 3650 Real Estate Investment Trust 2 LLC.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the mortgage loan is part of a whole loan that was co-originated by Barclays, SGFC and KeyBank National Association.

With respect to Loan No. 5, One & Two Commerce Square, the mortgage loan is part of a whole loan that was co-originated by BANA, Barclays, and JPMorgan Chase Bank, National Association.

With respect to Loan No. 7, Great Lakes Crossing Outlets, the mortgage loan is part of a whole loan that was co-originated by BMO, DBR Investments Co. Limited and Goldman Sachs Bank USA.

With respect to Loan No. 8, North Run Business Park, the mortgage loan is a jointly sold mortgage loan that was co-originated by BMO and SMC.

With respect to Loan No. 9, Seagate Campus, the mortgage loan is part of a whole loan that was co-originated by Citi Real Estate Funding Inc., UBS AG and Wells Fargo Bank, National Association.

With respect to Loan No. 11, Gloucester Premium Outlets, the mortgage loan is part of a whole loan that was co-originated by Barclays and SGFC.

With respect to Loan No. 12, Oxmoor Center, the mortgage loan is part of a whole loan that was co-originated by Barclays and SGFC.

With respect to Loan No. 17, Barbours Cut IOS, the mortgage loan is part of a whole loan that was co-originated by AREF2 and Wells Fargo Bank, National Association.
   
(2) With respect to Loan No. 2, CX – 250 Water Street, the mortgaged property is comprised of approximately 60% lab space and approximately 40% office space.

With respect to Loan No. 26, Peterboro Office & Retail, the mortgaged property consists of 45,000 square feet of medical office space and 6,748 square feet of retail space.

With respect to Loan No. 27, Volunteer RV Park, the mortgaged property is comprised of 127 RV pad sites, five tent sites, two apartment units, and one park-owned mobile home that is occupied by the onsite property manager. The one park-owned mobile home was not included in underwriting the mortgage loan.

With respect to Loan No. 29, Lagoons MHC / RV Park, the mortgaged property is a manufactured housing community and RV park consisting of 303 homesites, and 17 park-owned homes.

With respect to Loan No. 32, 852-854 Rogers Avenue, the mortgaged property consists of four multifamily units and 2,200 square feet of retail space.
   
(3) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
   
(4) In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy.

 

 A-1-45 

 

  For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in the preliminary prospectus.

With respect to Loan No. 2, CX – 250 Water Street, the sole tenant, E.R. Squibb & Sons LLC, is currently building out its space and is expected to take occupancy in the third quarter 2023 (however such tenant has commenced making rental payments).  

With respect to Loan No. 2, CX – 250 Water Street, the sole tenant, E.R. Squibb & Sons LLC, has subleased a portion of its 9th floor space (45,500 square feet out of the total 56,680 square feet) to Eterna Therapeutics Inc. through October 31, 2032, which would coincide with the effective date of E.R. Squibb & Sons LLC termination option with respect to the 9th floor, should E.R. Squibb & Sons LLC elect to exercise such option.

With respect to Loan No. 5, One & Two Commerce Square, the largest tenant, Price Water House Coopers LLP, subleases the 23rd floor (23,037 square feet of its 138,413 square feet) coterminous with its lease and the third largest tenant, Pond Lehocky Giordano Disability, subleases 15,838 square feet of its 66,315 square feet through January 31, 2026.

With respect to Loan No. 8, North Run Business Park, as of May 31, 2023, the borrower is in the process of building out tenant space for Convergint Technologies. The tenant is not in occupancy or paying rent. The Convergint Technologies lease is expected to commence on October 2, 2023. If the borrower (as landlord) fails to deliver the space to Convergint Technologies within 120 days after October 7, 2023, Convergint Technologies has the right to terminate its lease with written notice to the landlord. Furthermore, Iglesia de Cristo Casa de Dios Corp. (“Iglesia”) is currently month-to-month in its original suite, which is 6,185 square feet. Iglesia executed an amendment to expand its space at the mortgaged property to 9,754 square feet on December 12, 2022. Iglesia will begin paying rent on the expansion space on October 1, 2023. The occupancy of 90.3% assumes that Convergint Technologies has taken occupancy of its space and Iglesia has moved into its expansion space.
   
(5) With respect to all mortgage loans, with the exception of the mortgage loans identified in “Description of the Mortgage Pool—Definitions” in the preliminary prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met.

With respect to Loan No. 1, Fashion Valley Mall, the Appraised Value ($) represents the “hypothetical as-is value” which excludes the value attributed to the JC Penney release parcel or the Neiman Marcus release parcel.  The “as-is” appraised value of $1,450,000,000 results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 31.0% for the Fashion Valley Mall Whole Loan.

With respect to Loan No. 2, CX - 250 Water Street, the Appraised Value ($) represents the “prospective market value upon completion & stabilization,” which assumes that, as of January 1, 2023, remaining construction balances are paid, outstanding tenant improvements are paid to the tenant, the tenant has commenced rent payments, and retail space leasing costs are paid, all of which have occurred other than payment of $5,932,952 for base building work and $7,160,274 for tenant improvements and future retail leasing costs. Such amounts for base building work and tenant improvements were fully reserved by the lender at loan origination. The appraisal concluded to an “as-is” appraised value of $960,000,000 as of May 4, 2022. The “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 55.4% for the CX - 250 Water Street Whole Loan. The appraisal concluded to an “as dark” appraised value of $920,000,000 as of May 4, 2022. The “as dark” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 57.8% for the CX - 250 Water Street Whole Loan.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) were calculated using the “As Portfolio” appraised value.

 

 A-1-46 

 

  With respect to Loan No. 14, Doubletree Downtown Chattanooga, the Appraised Value ($) represents the “as complete” appraised value of $40,100,000 as of February 23, 2024, which assumes the borrower completed renovations at the mortgaged property. At origination, the borrower escrowed $3,450,000 for a property improvement plan (“PIP”) reserve. The PIP escrow amount represents 100% of the estimated costs to complete the renovations. In addition to an upfront PIP reserve, the seller of the mortgaged property deposited $215,000 into a third-party escrow account as required under the related purchase and sale agreement (the “PIP Technology Work Funds”). Within three business days following the borrowers’ receipt of the PIP Technology Work Funds, the borrowers are required to deposit such funds into the PIP Reserve subaccount for the existing PIP. The “as-is” appraised value is $34,700,000 as of February 23, 2023. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based upon the “as-is” appraised value are 56.2% and 56.2%, respectively.

With respect to Loan No. 15, Rhino Retail Portfolio, the Appraised Value is the “As Stabilized” value, which assumes certain conditions in connection with a DutchBros Holdback Release Event and American Freight Holdback Release Event as set forth in the mortgage loan documents have occurred. On and after April 19, 2025, if such conditions are not met, the lender will have the right to pay down the loan amount by up to $1,500,000 (the combined holdback amounts), in which case the Appraised Value ($) is the “As Is” value of $31,200,000 and result in a Cut-off Date LTV Ratio of 57.7% based on the assumption that the loan amount will be reduced by $1,500,000.
   
  With respect to Loan No. 20, Wyndham National Hotel Portfolio, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%) and Appraised Value ($) with respect to the whole loan are based on the aggregate sum of the available “as-is” and “as-complete” appraised values for each mortgaged property on an individual basis of $215,000,000 as of August 1, 2019. The “as-complete” appraised values assume completion of certain property improvement plans at the related mortgaged properties. At origination, the borrower deposited with the lender $7,417,247 for such property improvement plans. On a stand-alone basis, the mortgaged properties have an aggregate “as-is” appraised value of $209,500,000 as of August 1, 2019. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the aggregate “as-is” appraised value of $209,500,000 as of August 1, 2019 are 62.7% and 47.9%, respectively.

With respect to Loan No. 21, Holiday Inn Guin & Holiday Inn Express Brookhaven, the Appraised Value ($) represents the “As Is Market Value Based On A Hypothetical Condition” appraised value of $25,800,000 as of March 2023, which assumes the borrowers completed capital expenditures at the mortgaged properties. At origination, the borrowers escrowed $1,816,940 for a property improvement plan reserve. The “as-is” appraised value is $22,400,000 as of March 2023. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based upon the “as-is” appraised value are 60.2% and 52.8%, respectively.
   
(6) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.

●    Loan No. 4, Healthcare Trust MOB Portfolio

●    Loan No. 15, Rhino Retail Portfolio

●    Loan No. 20, Wyndham National Hotel Portfolio

●    Loan No. 21, Holiday Inn Guin & Holiday Inn Express Brookhaven

●    Loan No. 24, ExchangeRight In-Line Retail Portfolio #3

●    Loan No. 28, Stonewood & Lone Oak MHC Portfolio
   
(7) The Original Balance ($), Cut-off Date Balance ($), and Maturity/ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus.

●    Loan No. 1, Fashion Valley Mall

 

 A-1-47 

 

  ●    Loan No. 2, CX – 250 Water Street

●    Loan No. 4, Healthcare Trust MOB Portfolio

●    Loan No. 5, One & Two Commerce Square

●    Loan No. 7, Great Lakes Crossing Outlets

●    Loan No. 9, Seagate Campus

●    Loan No. 11, Gloucester Premium Outlets

●    Loan No. 12, Oxmoor Center

●    Loan No. 13, South Lake at Dulles

●    Loan No. 17, Barbours Cut IOS

●    Loan No. 18, 6330 West Loop South

●    Loan No. 20, Wyndham National Hotel Portfolio

●    Loan No. 23, Cross Island Plaza
   
(8) The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each Mortgage Loan.
   
(9) For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.
   
(10) With respect to Loan No. 9, Seagate Campus, a Grace Period - Late Fee (Days) of five days is permitted once during any 12-month period.

With respect to Loan No. 29, Lagoons MHC / RV Park, the Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity and five days for the monthly payment of principal and interest.
   
(11) With respect to Loan No. 2, CX - 250 Water Street, the whole loan is structured with an Anticipated Repayment Date (“ARD”) of February 10, 2033 and a final maturity date of February 10, 2038. The initial interest rate for the CX - 250 Water Street Whole Loan is 5.5095% per annum. After the ARD, the interest rate will increase to the greater of (i) 7.5095% per annum and (ii) the sum of the swap rate in effect on the ARD plus 4.2800% per annum. The metrics presented above are calculated based on the ARD.
   
(12) The “L” component of the prepayment provision represents lockout payments.

The “D” component of the prepayment provision represents defeasance payments.

The “YM” component of the prepayment provision represents yield maintenance payments.

The “O” Component of the prepayment provision represents the free payments including the Maturity Date.

Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus.

With respect to Loan No. 1, Fashion Valley Mall, the lockout period will be at least 25 months beginning with and including the first payment date on July 1, 2023. Defeasance of the whole loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) May 25, 2026. The assumed lockout period is based on the expected BBCMS 2023-C20 closing date in July 2023. The actual lockout period may be longer.

 A-1-48 

 

  With respect to Loan No. 2, CX - 250 Water Street, the whole loan may be voluntarily prepaid in whole beginning on the payment date in March 2025 with the payment of a yield maintenance premium if such prepayment occurs prior to the payment date in August 2032. In addition, the whole loan may be defeased in whole at any time after the earlier to occur of (i) January 27, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed defeasance lockout period is based on the expected BBCMS 2023-C20 closing date in July 2023. The actual defeasance lockout period may be longer.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the lockout period will be at least 12 months beginning with and including the first payment date on July 6, 2023. Defeasance of the Healthcare Trust MOB Portfolio whole loan in full, or a portion thereof in connection with a release of one or more properties, is permitted at any time after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) May 24, 2026.  In addition, voluntary prepayment of the Healthcare Trust MOB Portfolio whole loan in full, but not in part, is permitted after June 6, 2024 (prior to the open prepayment date on December 6, 2032) with the payment of a yield maintenance premium. The assumed defeasance lockout period of 25 payments is based on the closing date of this transaction in July 2023. The actual defeasance lockout period may be longer. At any time after June 6, 2024, the borrower may also obtain a release of one or more properties upon satisfaction of the conditions set forth in the loan agreement.  

With respect to Loan No. 7, Great Lakes Crossing Outlets, the lockout period will be at least 29 payment dates beginning with and including the first payment date in March 2023. Defeasance of the Great Lakes Crossing Outlets whole loan in full is permitted at any time after the earlier to occur of (i) March 1, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 29 payments is based on the expected BBCMS 2023-C20 securitization closing date in July 2023. The actual lockout period may be longer.
   
  With respect to Loan No. 9, Seagate Campus, the lockout period will be at least 25 months beginning with and including the first payment date on July 6, 2023. Defeasance of the Seagate Campus whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) May 24, 2026 or (ii) the second anniversary of the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 months is based on the expected BBCMS 2023-C20 securitization closing date in July 2023. The actual lockout period may be longer.

With respect to Loan No. 12, Oxmoor Center, the borrower is permitted to defease the Oxmoor Center whole loan, in whole, but not in part, at any time after the earlier to occur of (i) two years from the closing date of the securitization that includes the last note to be securitized or (ii) May 25, 2026. The assumed defeasance lockout period of 25 payments is based on the expected BBCMS 2023-C20 securitization closing date in July 2023. The actual lockout period may be longer.

With respect to Loan No. 17, Barbours Cut IOS, the lockout period will be at least 25 payments beginning with and including the first payment date on July 6, 2023. Defeasance of the Barbours Cut IOS Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) May 9, 2026. The assumed lockout period of 25 payments is based on the expected BBCMS 2023-C20 securitization closing date in July 2023. The actual lockout period may be longer.

With respect to Loan No. 18, 6330 West Loop South, the lockout period will be at least 26 months beginning with and including the first payment date on June 1, 2023. Yield Maintenance of the 6330 West Loop South Whole Loan is permitted two years from the closing date of the securitization that includes the last note to be securitized. The assumed lockout period is based on the expected BBCMS 2023-C20 closing date in July 2023. The actual lockout period may be longer.

With respect to Loan No. 19, The Genesis Kent, the borrower deposited the amount of $1,500,000 into an earnout reserve on the origination date (the “Earnout Reserve Funds”). Pursuant to the loan documents,
the lender is required to disburse the balance of the Earnout Reserve Funds to the borrower provided that no default or event of default then exists, upon lender’s determination that, prior to the payment date occurring in July 2025 (the “Earnout Reserve Expiration Date”), (i) the mortgaged property has achieved an occupancy rate equal to or greater than 90% and (ii) a debt yield equal to or greater than 11% in each case for at least three consecutive months (an “Earnout Reserve Funds Total Release Event”). The loan documents provide in the event that an Earnout Reserve Funds Total Release Event has not occurred as of the Earnout Reserve Expiration Date, the lender will hold all Earnout Reserve Funds and, at lender’s option, may apply such Earnout Reserve Funds then on deposit to partially defease the mortgage loan.
   

 

 A-1-49 

 

(13) Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

With respect to Loan No. 3, Phoenix Huntsville II, the borrower is permitted a one-time right to incur a future mezzanine loan, subject to the satisfaction of the requirements set forth in the Phoenix Huntsville II mortgage loan documents, which include, but are not limited to: (i) no event of default under the Phoenix Huntsville II mortgage loan documents has occurred and is continuing, (ii) the aggregate loan-to-value ratio based on the Phoenix Huntsville II mortgage loan and the mezzanine loan is no greater than 63.0%, (iii) the actual combined debt service coverage ratio based on the Phoenix Huntsville II mortgage loan and the mezzanine loan is no less than 1.67x, (iv) the actual combined net cash flow debt yield based on the Phoenix Huntsville II mortgage loan and the mezzanine loan is no less than 11.2%, (v) the borrower continues to comply with the terms of the Phoenix Huntsville II mortgage loan documents, including, without limitation, the single purpose entity covenants, (vi) the execution of an intercreditor agreement acceptable to the lender and satisfactory to the rating agencies, (vii) receipt of a rating agency confirmation and (viii) the borrower has paid all rating agency fees and all out-of-pocket costs and expenses, including reasonable attorneys’ fees, incurred by the lender in connection with the proposed future mezzanine loan.

With respect to Loan No. 7, Great Lakes Crossing Outlets, the borrower is permitted to enter into a Property-Assessed Clean Energy loan (a “PACE Loan”) or any similar indebtedness for an amount not to exceed $5,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, which is (i) incurred for improvements to the Mortgaged Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Mortgaged Property. The lien resulting from any unpaid and delinquent PACE Loan payments would have property tax lien status.

With respect to Loan No. 8, North Run Business Park, concurrently with the funding of the North Run Business Park mortgage loan, MSC – Richmond Flex HoldCo, LLC, an affiliate of Morrison Street Capital, funded a mezzanine loan in the amount of $4,500,000 (the “North Run Business Park Mezzanine Loan” and together with the North Run Business Park mortgage loan, the “North Run Business Park Total Debt”). The North Run Business Park Mezzanine Loan accrues interest at a rate of 12.5000% per annum. The North Run Business Park Mezzanine Loan is coterminous with the North Run Business Park mortgage loan. An intercreditor agreement has been entered into between the lenders under the North Run Business Park mortgage loan and the lender under the North Run Business Park Mezzanine Loan. Based on the North Run Business Park Total Debt, the Cut-off Date LTV Ratio and Maturity Date LTV Ratio are 63.3%, the DSCR based on Underwritten NOI / NCF is 1.22x / 1.16x, and the Debt Yield based on Underwritten NOI / NCF is 9.8% / 9.3%.

With respect to Loan No. 15, Rhino Retail Portfolio, the holders of an interest in the borrower will be permitted to obtain mezzanine financing debt. The future mezzanine debt is permitted from and after the end of the two-year period commencing on the closing date of the securitization of the last note comprising the mortgage loan to be securitized, provided that, among other conditions (i) no event of default has occurred and is continuing, (ii) the mezzanine loan, together with the mortgage loan, will have a combined loan-to-value equal to or less than the loan-to-value ratio as of the origination date, (iii) the debt yield is at least equal to or greater than the debt yield as of the origination date, (iv) the combined debt service coverage ratio based on the mortgage loan and the permitted mezzanine loan, will be equal to or greater than the debt service coverage ratio as of the origination date, and (v) the permitted mezzanine loan will be co-terminus with, or have a term that extends beyond the term of the mortgage loan. 
   
  With respect to Loan No. 18, 6330 West Loop South, future mezzanine debt is permitted 12 months after the origination date, in connection with the sale of the mortgaged property to a third party and assumption of the 6330 West Loop South Whole Loan, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio may not exceed 62.31%, (y) the debt yield, is greater than 10.79% and (z) the debt service coverage ratio, is greater than 1.205x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender, and (iii) receipt of a rating agency confirmation from each applicable rating agency.
   
(14) The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the Origination Date during the term of the mortgage loan.
   
(15) In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing.

 

 A-1-50 

 

   
  With respect to Loan No. 3, Phoenix Huntsville II, a $200,000 credit for the $2,000,000 tenant improvement and leasing commissions escrow was underwritten on the Phoenix Huntsville II mortgage loan. The $2,000,000 initial deposit was placed into a reserve and disbursements can be made for tenant improvements and leasing commissions.

With respect to Loan No. 10, Meridian Plaza, a $400,000 credit for the $2,000,000 tenant improvement and leasing commissions escrow was underwritten on the Meridian Plaza mortgage loan. The $2,000,000 initial deposit was placed into a reserve and disbursements can be made for tenant improvements and leasing commissions.
   
(16) With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction.

With respect to Loan No. 15, Rhino Retail Portfolio, the Arden Square Shopping Center mortgaged property Second Most Recent NOI Date is June 30, 2021 and the University Park Plaza mortgaged property Second Most Recent NOI Date is December 31, 2021.
   
(17) With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Decatur Medical Office Building - Decatur, GA mortgaged property is ground leased by the borrower ARHC DMDCRGA01, LLC, as the ground lessee, under a ground lease with GVR Investments, LLC, as the ground lessor. The borrower assumed the ground lease on July 23, 2015, which expires on November 16, 2032 and has one, 10-year remaining extension option. The current rent is $3,272 per month, subject to increases of 3% per annum as set forth in the ground lease. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Greenville Health System - Greenville, SC mortgaged property is ground leased by the borrower ARHC GHGVLSC01, LLC, as the ground lessee, under a ground lease with Carolina Bottling Company, as the ground lessor. The borrower assumed the ground lease on October 10, 2013, which expires on September 30, 2024 and has unlimited 2-year extension options. The lease will automatically be extended unless either party first gives the other party at least 180 days written notice of its intent not to extend the term of the lease. The current base rent is $5,069 per month, subject to increases of 3% per annum as set forth in the ground lease. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 12, Oxmoor Center, the mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with WMB 2, LLC and TWB Oxmoor 2, LLC, as successor-in-interest to PNC Bank, Kentucky, Inc, the trustee of the Trust under the Will of William Marshall Bullitt, Deceased and Stock Yards Bank & Trust Company and the Trust under the Will of Thomas W. Bullitt, Deceased, as the ground lessor. The borrower assumed the ground lease on May 9, 2003, which expires on September 30, 2057 and has two, 20-year remaining extension options. The current rent is $1,209,919.80 per annum, subject to increases of 3% per annum as set forth in the ground lease. However, rent is scheduled to reset every 20 years equal to the greater of (x) 8% of fair market value and (y) rent from five years prior to the reset. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 17, Barbours Cut IOS, the mortgaged property is subject to a ground lease that commenced in December 1999. The ground lease is between a third-party lessor (Dorothy Hearon) and Barbours Cut IOS, LLC, one of the borrowers, as lessee for approximately 6.25 acres and is set to expire on December 31, 2043. The lessee may renew the term for six consecutive renewal options, each of ten years, followed by a final renewal term of nine years. The current monthly ground rent is approximately $18,738.  Rent will be adjusted positively or negatively every 10 years according to the percentage change in the consumer price index for urban consumers with the geographic consumer price index of Houston published by the Bureau of Labor Statistics.  

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Walnut Creek mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with ExchangeRight Net-Leased Portfolio 61 DST, as the ground lessor. The borrower executed the ground lease on January 20, 2023, which expires on January 20, 2122 and has ten, five-year remaining extension options. The year one rent is $6,442,000, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

 

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  With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Marlboro Crossing mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with ExchangeRight Net-Leased Portfolio 61 DST, as the ground lessor. The borrower executed the ground lease on January 19, 2023, which expires on January 19, 2122 and has ten, five-year remaining extension options. The year one rent is $2,547,450, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Upper Deerfield mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with Patriot ExchangeRight Upper Deerfield, DST, as the ground lessor. The borrower executed the ground lease on December 7, 2022, which expires on December 7, 2121 and has ten, five-year remaining extension options. The year one rent is $1,246,879, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Vineland mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with Patriot ExchangeRight Vineland, DST, as the ground lessor. The borrower executed the ground lease on December 7, 2022, which expires on December 7, 2121 and has ten, five-year remaining extension options. The year one rent is $1,237,000, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Coopersburg mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with ExchangeRight Net-Leased Portfolio 60 DST, as the ground lessor. The borrower executed the ground lease on December 7, 2022, which expires on December 7, 2121 and has ten, five-year remaining extension options. The year one rent is $767,652, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Weeksville Crossing mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with ExchangeRight Net-Leased Portfolio 62 DST, as the ground lessor. The borrower executed the ground lease on March 14, 2023, which expires on March 14, 2122 and has ten, five-year remaining extension options. The year one rent is $767,000, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Watertown mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with ExchangeRight Net-Leased Portfolio 62 DST, as the ground lessor. The borrower executed the ground lease on March 14, 2023, which expires on March 14, 2122 and has ten, five-year remaining extension options. The year one rent is $12,600,000, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.
   
  With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Unity Point mortgaged property  is ground leased by the borrower, as the ground lessee, under a ground lease with ExchangeRight Net-Leased Portfolio 61 DST, as the ground lessor. The borrower executed the ground lease on January 20, 2023, which expires on January 20, 2122 and has ten, five-year remaining extension options. The year one rent is $407,790, which was paid at the time of lease execution, and $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, each of the related mortgaged properties is comprised of the borrower’s leasehold interest in a tax parcel that includes property which is not part of the related mortgaged property (or subject to the related ground lease).  Under each of the related ground leases, the related ground lessor is obligated to pay taxes (and the borrower is obligated to reimburse the ground lessor for the portion of such taxes attributable to each of the related mortgaged properties).  Provided that no cash sweep event has occurred and is continuing, the Mortgage Loan documents do not require the borrower to fund a tax reserve.  
   

 

 A-1-52 

 

(18) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents.

With respect to Loan No. 5, One & Two Commerce Square, Upfront Other Reserve ($) is the aggregate of $9,200,744 for outstanding tenant improvement allowances and outstanding leasing commissions, and $1,912,160 for outstanding free rent and gap rent obligations.

With respect to Loan No. 15, Rhino Retail Portfolio, at origination, $900,000 was deposited into the DutchBros Holdback Reserve and $600,000 was deposited into the American Freight Holdback Reserve. Prior to April 19, 2025, provided no event of default has occurred, the DutchBros Holdback Reserve Funds will be disbursed upon satisfaction of the following conditions: (i) the DutchBros lease is in full force and effect, and has not been terminated, (ii) the rent commencement date has occurred pursuant to the DucthBros Lease, (iii) DutchBros is in actual, physical possession of the DutchBros space, (iv) delivery of an estoppel from DutchBros acceptable to the lender, (v) the borrower has provided the lender with written confirmation from DutchBros that all conditions precedent set forth in the DutchBros Lease have been satisfied and/or waived, (vi) the borrower has paid all sums due to tenants in connection with DutchBros opening or taking occupancy and (vii) the debt yield is equal to or greater than 11.1%. Prior to April 19, 2025, provided no event of default has occurred, the American Freight Holdback Reserve Funds will be disbursed upon satisfaction of the following conditions: (i) the leasing of all of the American Freight Space to either (x) American Freight pursuant to a lease materially consistent with the Letter of Intent dated as of January 6, 2022, and annual gross rent of not more than $200,000 being required, or (y) an acceptable replacement tenant or tenants (not exceeding two tenants), with a minimum of five-year lease term(s), (ii) American Freight is in actual, physical possession of the American Freight space, open for normal business operations, (iii) the borrower has performed and paid for all tenant improvements relating to the American Freight Lease or the American Freight replacement leases, (iv) American Freight or the replacement tenant is paying full, unabated rent as applicable, (v) delivery of an estoppel from American Freight or replacement tenant acceptable to the lender, (vi) the debt yield is equal to or greater than 11.1% and (vii) the borrower has delivered to the lender evidence that Big Lots has provided consent to the American Freight Lease or the American Freight replacement lease, and/or confirmation that such lease does not violate use restriction set forth in the Big Lots lease.
   
(19) Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.

With respect to Loan No. 1, Fashion Valley Mall, after the occurrence of a control event or during the continuance of a lockbox event period, the borrower is required to escrow approximately $16,270 on a monthly basis for replacements and repairs and approximately $125,341 on a monthly basis for ongoing leasing reserves and to be made at the mortgaged property.

With respect to Loan No. 2, CX - 250 Water Street, all excess cash will be swept into the rollover reserve upon (1) the earliest to occur of: (a) the date that is 12 months prior to the earliest stated expiration of the E.R. Squibb & Sons LLC lease (or any replacement lease), (b) the last date that E.R. Squibb & Sons LLC has the right to give notice of its exercise of a renewal option, or (c) if the lease does not extend at least two years past the ARD, the date that is 12 months prior to the ARD or the date that the lender reasonably determines cash sweep should commence in order to achieve collection to the rollover reserve of $50.00 per square foot, (2) the date of the notice of or early termination, cancellation or surrender by E.R. Squibb & Sons LLC of any material part of its leased space, (3) if the tenant or lease guarantor is not investment grade rated, the tenant going dark, (4) monetary or material non-monetary default by the tenant; or (5) the occurrence of an insolvency proceeding with respect to the tenant its parent company or any lease guarantor.

 

 A-1-53 

 

  With respect to Loan No. 3, Phoenix Huntsville II, on a monthly basis, the borrower is required to deposit 1/12th of an amount which would be sufficient to pay insurance premiums for the renewal of coverages; provided the monthly escrow for insurance will be waived for insurance premiums paid directly by any tenant(s) at the mortgaged property, provided that (i) the applicable lease demises the entirety of the mortgaged property, (ii) such lease remains in full force and effect and no defaults under such lease have occurred and are continuing beyond any applicable notice and cure period, (iii) the then current term under such lease is scheduled to expire no earlier than 12 months after the date on which such insurance premiums are (or would be) due and payable, (iv) no material tenant trigger event has occurred and is continuing, (v) the applicable tenant is obligated pursuant to the express terms of its lease to maintain insurance in accordance with the terms and provisions of the mortgage loan agreement and such tenant is paying the insurance premiums directly to the agent or insurer, (vi) all insurance required to be maintained pursuant to the mortgage loan agreement is provided to the lender in accordance with the terms of the mortgage loan agreement, and (vii) the applicable tenant performs such obligations in a timely manner and the borrower provides the lender with evidence (reasonably acceptable to the lender) of renewal policies and, if requested by the lender, paid receipts for the payment of insurance premiums prior to the delinquency thereof.

With respect to Loan No. 3, Phoenix Huntsville II, on a monthly basis, the borrower is required to deposit approximately $17,036 for rollover reserves if at any time the balance of the reserve equals or falls below $250,000, until such time as the reserve is restored to a cap of $1,000,000.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, on each monthly payment date during a cash sweep period, the borrowers are required to deposit into a replacement reserve an amount equal to $20,799.05.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, on each monthly payment date during a cash sweep period, the borrowers are required to deposit into a TI/LC reserve an amount equal to approximately $155,993.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, during a Belpre V trigger event, the borrower may deposit an amount equal to the difference between (i) $10,750,000, and (ii) if applicable, the Belpre V Replacement Rent Amount or in a letter of credit with the lender into the Belpre V reserve to cure the trigger event.
   
  With respect to Loan No. 5, One & Two Commerce Square, during a trigger period, the borrowers are required to deposit monthly replacement reserves equal to approximately $39,503. During the continuance of a trigger period, the borrowers will be required to deposit $237,018 on a monthly basis to the TI/LC Reserve. Additionally, when (i) the balance of the TI/LC Reserves is less than $15,000,000 and (ii) the TI/LC Reserve occupancy falls below 85%, the whole loan will require a cash sweep until the balance returns to $25,000,000. Further, the non-recourse carveout guarantor has provided a guaranty for an additional $20,000,000 to the TI/LC Reserves, which guaranty will be reduced by any amounts contributed to the TI/LC Reserve after the loan origination date.  

With respect to Loan No. 6, Ashburn Data Center, on each monthly payment date the borrower is required to deposit with the lender an amount equal to 1/12th of the taxes that the lender estimates will be payable during the next ensuing 12 months; such monthly deposit is not required provided the borrower provides the lender with evidence reasonably satisfactory to the lender of timely payment of taxes and no material event of default (as defined in the mortgage loan documents) for 30 or more consecutive days.

With respect to Loan No. 6, Ashburn Data Center, the borrower is required to deposit with the lender monthly an amount equal to 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the insurance policy if (i) the borrower fails to make timely payments prior to delinquency, or (ii) the policies maintained are not satisfactory to the lender as set forth in the mortgage loan documents and (iii) a material event of default (as defined in the mortgage loan documents) for 30 or more consecutive days.

With respect to Loan No. 6, Ashburn Data Center, on each monthly payment date during a cash sweep period, the borrower is required to deposit into a replacement reserve an amount equal to $2,204.75.

With respect to Loan No. 7, Great Lakes Crossing Outlets, on a monthly basis, the borrower is required to deposit $21,626.36 during a lockbox event period for replacement reserves. The amount of replacement reserve funds on deposit in the replacement reserve account at any given time may not exceed $519,032.72 in the aggregate (the “Replacement Reserve Cap”) and accordingly, to the extent a replacement reserve monthly deposit would result in the aggregate amount of replacement reserve funds in the replacement reserve account to exceed the Replacement Reserve Cap, such replacement reserve monthly deposit will be decreased by an amount equal to such excess.

With respect to Loan No. 7, Great Lakes Crossing Outlets, the borrower is permitted to deliver a letter of credit from an affiliate of the borrower or a reserve guaranty from an affiliate of the borrower in lieu of any cash deposit for any reserve requirement for taxes, insurance, replacements, TI/LC and other reserves.

 

 A-1-54 

 

  With respect to Loan No. 9, Seagate Campus, on each monthly payment date, the borrower is required to deposit into a real estate tax reserve account 1/12th of the taxes that the lender estimates will be payable by the borrower over the next ensuing 12-month period; provided, however, so long as (i) the specified tenant continues to make the payments and perform the obligations required under the applicable specified tenant lease, in each case, relating to the obligations and liabilities for which the applicable reserve account was established and delivers evidence of the same by no later than the dates required in the Seagate Campus whole loan documents, (ii) (a) a single, “triple net” lease with an un-affiliated third party that demises the entirety of the mortgaged property is in full force and effect, (b) no specified tenant trigger period is ongoing with respect to such lease and (c) no event of default under the Seagate Campus whole loan documents has occurred and is continuing and (iii) no trigger period under the Seagate Campus whole loan documents has occurred and is continuing, the monthly tax deposits will be suspended.
   
  With respect to Loan No. 9, Seagate Campus, if the liability or casualty policy maintained by the borrower covering the mortgaged property does not constitute an approved blanket or umbrella policy, on each monthly payment date, the borrower is required to deposit into an insurance reserve account 1/12th of an amount which would be sufficient to pay the insurance premiums due by the borrower for the renewal of the coverage afforded by the insurance policies; provided, however, so long as (i) the specified tenant continues to make the payments and perform the obligations required under the applicable specified tenant lease, in each case, relating to the obligations and liabilities for which the applicable reserve account was established and delivers evidence of the same by no later than the dates required in the Seagate Campus whole loan documents, (ii) (a) a single, “triple net” lease with an un-affiliated third party that demises the entirety of the mortgaged property is in full force and effect, (b) no specified tenant trigger period is ongoing with respect to such lease and (c) no event of default under the Seagate Campus whole loan documents has occurred and is continuing and (iii) no trigger period under the Seagate Campus whole loan documents has occurred and is continuing, the monthly insurance deposits will be suspended.

With respect to Loan No. 9, Seagate Campus, the borrower is required to deposit on each monthly payment date an amount equal to $0 for the replacements. The lender may reassess its estimate of the amount necessary for replacements from time to time and may require the borrower to increase the monthly deposits required upon 30 days’ notice to the borrower if the lender determines in its reasonable discretion that additional replacements are required at the mortgaged property due to a material change in legal requirements; provided, however, so long as (i) the specified tenant continues to make the payments and perform the obligations required under the applicable specified tenant lease, in each case, relating to the obligations and liabilities for which the applicable reserve account was established and delivers evidence of the same by no later than the dates required in the Seagate Campus whole loan documents, (ii) (a) a single, “triple net” lease with an un-affiliated third party that demises the entirety of the mortgaged property is in full force and effect, (b) no specified tenant trigger period is ongoing with respect to such lease and (c) no event of default under the Seagate Campus whole loan documents has occurred and is continuing and (iii) no trigger period under the Seagate Campus whole loan documents has occurred and is continuing, the monthly deposits into the replacement reserve account will be suspended.

With respect to Loan No. 9, Seagate Campus, to the extent that Seagate exercises its option to extend the lease term for a period of 10 years from the initial expiration date (including, without limitation, due to a failure to make an express election to exercise either of its extension options on or before February 28, 2027), then commencing on the monthly payment date in March 2027 and ending with the monthly payment date in June 2028, the borrower is required to deposit on each monthly payment date (including, without limitation the monthly payment date in June 2028) an amount equal to approximately $1,159,492 for the free rent period.

With respect to Loan No. 10, Meridian Plaza, on each monthly payment date, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums that the lender reasonably estimates will be payable for the renewal of the coverages afforded by the policies upon the expiration thereof in order to accumulate sufficient funds to pay all such insurance premiums at least 30 days prior to the expiration of the policies. If all of the required insurance coverages are provided through a blanket policy approved by the lender, the borrower is not required to make monthly insurance deposits; provided that (i) such blanket policy is maintained in full force and effect, (ii) the insurance premiums for such blanket policy are not paid in installments or financed, and (iii) not less than 15 days prior to the expiration date of such blanket policy, the borrower provides the lender with (A)(1) a certificate of insurance evidencing the renewal of such blanket policy or (2) a certificate of insurance evidencing a new blanket policy approved by the lender and (B) evidence reasonably satisfactory to the lender of the payment in full of the insurance premiums then due thereunder.

 

 A-1-55 

 

  With respect to Loan No. 11, Gloucester Premium Outlets, on each monthly payment date after the occurrence of a control event or during a lockbox event period or at any time (x) any taxes and other charges are not paid by the borrower prior to the assessment of any penalty for late payment and prior to the date that such taxes and other charges become delinquent, or (y) upon request of the lender, the borrower fails to promptly provide evidence, reasonably satisfactory to the lender that such taxes and other charges have been paid prior to the assessment of any penalty for late payment and prior to the date that such taxes and other charges become delinquent, the borrower is required to deposit with the lender an amount equal to 1/12th of the taxes and other charges that the lender estimates will be payable during the next ensuing 12 months in order to accumulate sufficient funds to pay all such taxes and other charges at least 30 days prior to their respective due date.

With respect to Loan No. 11, Gloucester Premium Outlets, on each monthly payment date after the occurrence of a control event, or during a lockbox event period if the borrower has not provided satisfactory evidence to the lender that the property is covered by policies that are being maintained as part of a reasonably acceptable blanket insurance policy, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums due for the renewal of coverage afforded by such policies into the insurance reserve account.

With respect to Loan No. 11, Gloucester Premium Outlets, on each monthly payment date after the occurrence of a control event or during a lockbox event period, the borrower is required to deposit an amount of $7,886 into the replacement reserve account.

With respect to Loan No. 11, Gloucester Premium Outlets, on each monthly payment date after the occurrence of a control event or during a lockbox event period, the borrower is required to deposit an amount of $63,086 into the rollover reserve account.

With respect to Loan No. 12, Oxmoor Center, on each monthly payment date during a cash management period (other than a cash management period due solely to the occurrence of an anchor tenant trigger event), the borrower is required to deposit into a replacement reserve an amount equal to $7,641.19 and should the amount fall below $183,388.50, during a cash management period the borrower is obligated to deposit into the replacement reserve account until the amount equals or exceeds $183,388.50.

With respect to Loan No. 12, Oxmoor Center, on each monthly payment date during a cash management period (other than a cash management period due solely to the occurrence of an anchor tenant trigger event), the borrower is required to deposit an amount of $45,847.13 into the rollover reserve account and should the amount fall below $1,100,331, during a cash management period the borrower is required to deposit monthly into the rollover reserve an amount necessary to raise the balance of the rollover reserve account to an amount equal to or exceeding $1,100,331.

With respect to Loan No. 12, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to deposit with the lender an amount equal to 1/12th of the taxes that the lender estimates will be payable during the next ensuing 12 months.

With respect to Loan No. 12, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to deposit with the lender an amount equal to 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies upon expiration thereof in order to accumulate sufficient funds to pay all such insurance premiums at least 10 days prior to the expiration of the policies. However, such requirement will be waived if the borrower provides evidence of an acceptable blanket policy to the lender and the insurance premiums payable have been prepaid for not less than one year in advance.

  With respect to Loan No. 12, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to pay to the lender on the day that is 10 days prior to the date that rent is due under the terms of the ground lease, an amount equal to 1/12th of the annual amount of ground rent due by the borrower under the ground lease; such monthly deposit is not required if sufficient funds are available pursuant to the terms and provisions of the cash management agreement to make any applicable monthly ground rent deposit.

With respect to Loan No. 14, Doubletree Downtown Chattanooga, from and after the occurrence of the earlier of (i) the completion date of the existing PIP or (ii) the date on which the existing PIP is required to be completed pursuant to the franchise agreement, the borrower will be required to deposit into the capital/furniture, fixtures and equipment (“FF&E”) subaccount, on a monthly basis, an amount equal to the greater of (i) 1/12th of 4% of the annual gross revenue of the mortgaged property for the previous 12 months as determined by the anniversary of the origination date, or (ii) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E.

 

 A-1-56 

 

  With respect to Loan No. 14, Doubletree Downtown Chattanooga, during the continuance of a franchise sweep period (provided no other cash management period is then continuing), the borrower will be required to deposit on a monthly basis, all available cash (or such portion of available cash that is allocated by the lender) into the PIP reserve subaccount.

With respect to Loan No. 14, Doubletree Downtown Chattanooga, if at any time after the origination date, the franchisor or any approved replacement flag requires a property improvement plan (“PIP”) to be completed for the mortgaged property in conjunction with the existing franchise agreement or any replacement franchise or license agreement, the borrowers are required to, within 30 days after receipt of the PIP (inclusive of the final PIP budget approved by the borrower and franchisor), (i) provide a completion guaranty in a form satisfactory to the lender for completion of the PIP repairs, and (ii) deposit with the lender an amount equal to 115% of the estimated cost to satisfy all repairs and/or remediation required by the franchisor or any successor franchisor or licensor pursuant to a PIP less any amounts then on deposit in the capital/furniture, fixtures and equipment (“FF&E”) reserve subaccount (the “PIP Deposit Amount”) and the lender will cause such amount to be transferred to the PIP reserve subaccount. In addition to the lender’s rights and remedies under the mortgage loan documents, any failure by the borrower to timely deliver the PIP Deposit Amount to the lender will trigger the occurrence of a franchise sweep period. The franchise sweep period will remain in effect until such time as the balance on deposit in the PIP reserve subaccount is at least equal to the PIP Deposit Amount.

With respect to Loan No. 15, Rhino Retail Portfolio, at the option of the lender, if the liability or casualty policy maintained by the borrower covering the mortgaged properties is not an approved blanket or umbrella policy, the borrower will be required to deposit on a monthly basis an amount equal to 1/12th of the insurance premiums due for the renewal of coverage afforded by such policies into the insurance reserve account.

With respect to Loan No. 17, Barbours Cut IOS, to the extent the balance in the ground rent reserve is less than approximately $37,476, borrower is required to make a monthly deposit such that the balance is equal to approximately $37,476. Furthermore, during a continuing Cash Management Period, Borrower is required to make a monthly deposit equivalent to the monthly ground rent payable under the related ground lease, provided, any monthly escrow will be waived so long as there is no continuing event of default, borrower provides timely evidence of the payment of ground rent and borrower maintains an amount on deposit with lender equivalent to approximately $37,476.

With respect to Loan No. 18, 6330 West Loop, borrower is required to deposit $23,207 into a TI/LC reserve, if the balance of the reserve falls below $250,000.
   
  With respect to Loan No. 20, Wyndham National Hotel Portfolio, the borrower is required to deposit on each monthly payment date an amount equal to the greater of (i) an amount equal to 1/12th of 4.0% of gross income from operations during the calendar year immediately preceding the calendar year in which such monthly payment date occurs and (ii) the aggregate amount, if any, required to be reserved under the management agreement and the franchise agreement for annual capital expenditures.

With respect to Loan No. 21, Holiday Inn Guin & Holiday Inn Express Brookhaven, the borrowers are required to make monthly deposits into the FF&E reserve account in an amount equal to 1/12th of 4% of the annual gross revenues of the mortgaged properties for the previous 12-month period; notwithstanding the foregoing, at such time the mortgaged properties are undergoing PIP work (expected through May 1, 2025 for the Holiday Inn Guin mortgaged property and February 1, 2025 for the Holiday Inn Express Brookhaven mortgaged property), the borrowers are required to make monthly deposits into the FF&E reserve account in an amount equal to 1/12th of 2% of the annual gross revenues of the mortgaged properties for the previous 12-month period (currently $9,753).

With respect to Loan No. 22, Stoney Creek Inn Kansas City Independence, the borrower deposited $90,000 or approximately one month of amortizing debt service payments into a reserve which will be available to the borrower to cover any debt service shortfalls during the term of the mortgage loan (such account, the “Seasonality Reserve Account”). Should the borrower sponsor request releases from this reserve to cover debt service shortfalls, the borrower will be required to replenish the balance of the reserve to $90,000 by the November payment date of each calendar year. Failure to bring the balance of the Seasonality Reserve Account to the $90,000 balance by such date will trigger an excess cashflow sweep to be deposited into the Seasonality Reserve Account until the balance in the Seasonality Reserve Account reaches $90,000. During any such cashflow sweep period, the borrower will not be allowed to request releases from the Seasonality Reserve Account.

With respect to Loan No. 23, Cross Island Plaza, the borrower is required to make a monthly deposit of $21,411 into a rollover reserve account if less than 90% of the rentable commercial space at the mortgaged property is leased. The amount of rollover reserve funds on deposit, excluding the amount deposited at origination, in the rollover reserve account at any given time may not exceed $500,000 in the aggregate.

 

 A-1-57 

 

  With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, at any time the balance of the TI/LC reserve account is less than $250,000, the borrower will be required to deposit an amount of approximately $7,974 for tenant improvement and leasing commission obligations on each payment date until the balance of the leasing reserve funds reaches an amount that equals $400,000.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the borrower is required to deposit with the lender an amount equal to 1/12th of the taxes that the lender estimates will be payable during the next ensuing 12 months in order to accumulate sufficient funds to pay all such taxes at least 30 days prior to delinquency; such monthly deposit is not required provided the borrower provide the lender with evidence reasonably satisfactory to the lender of timely payment of taxes and no trigger period is continuing.
   
  With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, in the event that the blanket insurance policy is not acceptable to the lender, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums that the lender estimates will be payable during the next ensuing 12 months for the renewal of coverage afforded by the policies upon the expiration thereof or such higher amount necessary to accumulate with the lender sufficient funds to pay all such insurance premiums at least 30 days prior to the expiration of the policies.

With respect to Loan No. 25, Hampton Inn Columbus Dublin, the borrower is required to make monthly deposits into the capital expenditure account in an amount equal to the greater of (a) 1/12th of 4% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs and (b) 1/12th of the aggregate annual amount, if any, required to be reserved under the management agreement and the franchise agreement.

With respect to Loan No. 25, Hampton Inn Columbus Dublin, during a Franchise Trigger Event Period, the borrower is required to deposit with the lender all excess cash flow to pay or reimburse the borrower for the costs and expenses of any work set forth in any PIP approved by the lender. “Franchise Trigger Event Period” means the period during which (a) the franchise agreements expires or terminates for any reason, (b) 20 months prior to the expiration of the franchise agreement, (c) six months prior to the expiration of the franchise agreement, or (d) the date which the borrower enters into any PIP or is required to perform a PIP; provided that with respect to trigger under (b) above, on each monthly payment date, the borrower is required to deposit an amount equal to the greater of $20,000 and all excess cash flow; provided further, if the borrower deposits $500,000 into the PIP reserve account on or prior to the date that is 20 months prior to the expiration of the franchise agreement, no Franchise Trigger Event Period will be deemed to have occurred with respect to such trigger.

With respect to Loan No. 30, Homewood Suites Schaumburg, the borrower is required to make monthly deposits into the FF&E reserve account in an amount equal to 1/12th of 4% of the annual gross revenues of the mortgaged property for the previous 12-month period (currently $14,567). Notwithstanding the foregoing, the borrower is required to deposit with the lender (i) on each monthly payment date from and after the payment date in March 2029 until the borrower has (a) entered into a renewal or replacement franchise agreement satisfactory to the lender, (b) delivered to the lender a satisfactory comfort letter and (c) either (x) delivered satisfactory evidence to the lender that all PIP work relating to such renewal or replacement franchise agreement has been completed or (y) delivered reasonably satisfactory evidence to the lender that there are sufficient FF&E reserve funds on deposit for the payment of all remaining PIP work., an amount equal to $45,500 and (ii) within ten days of the occurrence of a franchise agreement expiration, the amount necessary to cause the FF&E reserve funds on deposit to equal $1,200,000.
   
(20) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.. 
   
(21) In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates.

With respect to Loan No. 2, CX - 250 Water Street, (A) the lease to E.R. Squibb & Sons LLC for floors 1-8 started on November 1, 2022 for 415,900 square feet at a base rent per square foot of $88.50 with 2.5% annual increases and (B) the lease to E.R. Squibb & Sons LLC for floor 9 started on July 1, 2022 for 56,680 square feet at a base rent per square foot of $105.00 with 2.75% annual increases.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the St Peter's - Albany, NY - 5 Palisades mortgaged property, St. Peter’s Health Partners Medical Associates, P.C., has 17,222 square feet that expires on July 31, 2027, and 5,555 square feet that expires on December 31, 2027.

 

 A-1-58 

 

  With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the St Peter’s – Albany, NY – 4 Palisades mortgaged property, St. Peter's Health Partners Medical Associates, P.C., has 9,229 square feet that expires on April 30, 2025, and 857 square feet that expires on December 31, 2024.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the SPHP MOB, Albany, NY mortgaged property, SPHPMA, has 18,433 square feet that expires on December 31, 2027, of which 3,400 square feet are storage space, and 2,347 square feet that expires on April 30, 2027.

With respect to Loan No. 10, Meridian Plaza, the Second Largest Tenant, Bastian Solutions LLC, has 27,801 square feet expiring on June 30, 2024, 4,311 square feet expiring on July 31, 2024 and 3,311 square feet expiring on August 31, 2024.

With respect to Loan No. 12, Oxmoor Center, the Largest Tenant, Macy’s, has 271,390 square feet that expires on January 31, 2026, and 6,951 square feet of storage space that expires on July 31, 2025.

With respect to Loan No. 15, Rhino Retail Portfolio, the Fourth Largest Tenant at the Arden Square Shopping Center mortgaged property, Kaiser Foundation Hospitals, has 8,608 square feet that expires on June 30, 2025, and 6,479 square feet that expires on July 31, 2029.
   
(22) With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property.
   
(23) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.

With respect to Loan No. 2, CX - 250 Water Street, the Largest Tenant, E.R. Squibb & Sons LLC, has a contraction option with respect to its 9th floor leased space (11.8% of NRA) effective October 31, 2032, upon between 18- and 30-months’ notice and payment of a termination fee currently estimated at $8.3 million.  

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Fifth Largest Tenant at the Medical Center V - Peoria, AZ mortgaged property, Precision Hand and Orthopedic Surgery (“Precision”), has the one-time right to terminate its lease effective as of April 30, 2027, (the “Precision Termination Date”), with (i) written notice no later than October 31, 2026, and (ii) a termination fee equal to $163,264.86, upon satisfaction of certain conditions including that: (i) the tenant duly and timely pays all rent, (ii) the tenant fully and timely performs each and every covenant, provision, condition and agreement in the –lease, and (iii) no event of default on the part of the tenant exists at the time of exercise or the Precision Termination Date.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the Eastside Cancer Institute - Greenville, SC mortgaged property, Prisma Health-Upstate (“Prisma”), has the one-time right to terminate its lease effective June 30, 2026 (the “Prisma Termination Date”), with (i) written notice no later than the December 31, 2025, and (ii) a termination fee, upon satisfaction of certain conditions including that: (i) the tenant duly and timely pays all rent, (ii) the tenant fully and timely performs each and every covenant, provision, condition and agreement in the lease, and (iii) no event of default on the part of the tenant exists at the timer of exercise or the Prisma Termination Date.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the MetroHealth Buckeye Health – Cleveland, OH mortgaged property, The MetroHealth System (“MetroHealth”), has the one-time right to terminate its lease effective May 31, 2025 with (i) written notice no later than the November 30, 2024, and (ii) payment of a termination fee equal to $161,957.71.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Fifth Largest Tenant at the Kingwood Executive Center - Kingwood, TX mortgaged property, George Nunez, Jr., MD, PA (“Nunez”), has the right to terminate its lease, provided Dr. George Nunez permanently retires from the practice of medicine, the tenant is not in default, and the tenant has been continuously open and operating the premises from and after the rent commencement date, effective 90 days after the landlord’s receipt of the written notice with (i) written notice during the first 30 days after January 31, 2023 and (ii) payment of a termination fee.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the St Peter’s – Albany, NY – 4 Palisades mortgaged property, St. Peter’s Health Partners Medical Associates, P.C., has the right to terminate its lease covering suite 100A, representing 857 square feet, upon delivery of written notice four months prior to December 31, 2023.

 

 A-1-59 

 

  With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Fifth Largest Tenant at the St Peter’s – Albany, NY – 4 Palisades mortgaged property, Johar ADPI-FAGD NY OS Joint Venture, has the right to terminate its lease upon 30 days' written notice to the landlord and payment of a termination fee equal to six months’ rent, paid in advance, plus reimbursement for the unamortized fit-up paid by the landlord. The fit-up will be based on a 10-year amortization schedule.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Fifth Largest Tenant at the St Peter’s – Albany, NY – 5 Palisades mortgaged property, Francis J. Cullen, M.D., has the right to terminate its lease upon the death or total disability of Francis J. Cullen, M.D. Mr. Cullen or his personal representative is required to advise the landlord whether or not to terminate the lease. Such termination will be effective 30 days after landlord’s receipt of notice. The notice is required to be given within 60 days of such death or disability.

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the Surgery Center of Temple, Temple, TX mortgaged property, Ascension Seton, has the one-time right to terminate its lease on February 28, 2025 by providing the landlord with no less than nine months’ prior written notice, accompanied by a termination fee equal to four months of base rent (at a rate of $30 per square foot) and additional rent (based on the landlord’s most recent estimate of operating expenses), plus any unamortized leasing commissions and the tenant improvement allowance (such leasing commissions and the tenant improvement allowance being amortized over the term at an interest rate of 8% per annum).

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the Pioneer Spine Sports - Northampton mortgaged property, Pioneer Spine Sports – Northampton, will have its space automatically reduced to 5,600 square feet after July 31, 2024.

With respect to Loan No. 5, One & Two Commerce Square, the Second Largest Tenant, Stradley, Ronon, Stevens & Young has a termination right for all of its leased space with notice by February 1, 2029 and payment of a termination fee, which if exercised would be effective January 31, 2031.  The Fourth Largest Tenant, Wolters Kluwer Health, Inc., has a termination right on March 31, 2026 with notice by September 30, 2024 and payment of a termination fee. The Fifth Largest tenant, Jazz Pharmaceuticals, Inc. has a termination option with 12 months’ notice and payment of a termination fee, which if exercised would be effective December 31, 2025.

With respect to Loan No. 8, North Run Business Park, the Fifth Largest Tenant at the North Run Business Park Mortgaged Property, US Geological Survey (GSG), may terminate its lease, in whole or in parts, at any time effective after the firm term of the lease (October 23, 2021 through October 22, 2025), by providing not less than 180 days’ prior written notice to the borrower (as landlord). The effective date of the termination will be the day following the expiration of the required notice period or the termination date set forth in the notice, whichever is later.

With respect to Loan No. 10, Meridian Plaza, the Third Largest Tenant, Kinetic Advantage LLC, has the right to terminate its lease effective as of October 31, 2026, upon at least 180 days’ written notice. If exercised, Kinetic Advantage LLC is required to pay a termination fee equal to the sum of the unamortized balance of the total brokerage commission payable by the landlord in connection with the lease, all free rent afforded to Kinetic Advantage LLC under the lease and the amount of the improvement allowance paid to Kinetic Advantage LLC pursuant to the terms of the lease at the interest rate of 6.0% per annum.

With respect to Loan No. 10, Meridian Plaza, the Fourth Largest Tenant, American Auto Auction Group, LLC, has the right to terminate its lease effective as of January 31, 2028, upon at least 12 months’ written notice. If exercised, American Auto Auction Group, LLC is required to pay a termination fee equal to the sum of the unamortized balance of the total brokerage commission payable by the landlord in connection with the lease, all legal fees and space planning costs incurred by the landlord, free rent, the amount of the tenant allowance, and any other credits or allowances paid to American Auto Auction Group, LLC pursuant to the terms of the lease at the interest rate of 8.0% per annum. The termination fee is required to be paid in two equal installments. The first installment is due and payable within 30 days of receipt of notice from the landlord confirming the amount of the termination fee, and the second installment is due and payable on or before January 31, 2028. If American Auto Auction Group, LLC no longer leases and occupies at least 18,172 square feet at the mortgaged property, such termination option will automatically expire.

With respect to Loan No. 13, South Lake at Dulles, the Sole Tenant, Amazon.com Services, Inc., has the right to contract up to four contiguous floors (floors 7-10) totaling 110,823 square feet, on April 30, 2028, with at least 15-months prior notice. The tenant must pay a contraction fee equal to any unamortized (i) leasing commissions, (ii) rent abatement related to such floors (less certain operating and tax expenses paid by the tenant as set forth in the related lease) and (iii) tenant improvements costs (each amortized on a straight line basis at the rate of 7% per annum over the period from April 18, 2020 through and including April 30, 2032).

 A-1-60 

 

  With respect to Loan No. 15, Rhino Retail Portfolio, the Third Largest Tenant at the University Park Plaza mortgaged property, Harbor Freight Tools, has the right to terminate the lease by providing the landlord with a written notice prior to May 31, 2029. If tenant timely delivers the notice, the lease will terminate effective November 30, 2029.

With respect to Loan No. 18, 6330 West Loop South, the Largest Tenant, Texas Children's Health Plan has a contraction right and a termination right per the October 2021 lease amendment. The contraction option is effective between January 31, 2028 and January 31, 2031 with a minimum of 12 months’ notice. The contraction option provides such tenant with a one-time right to contract a specific portion of the premises, either all of Suite 200 or Suite 300 (20,027 square feet each), but no less than one full floor. In addition to the 12-month notice period, such tenant must also pay a contraction fee of two months of rent and reimbursements plus unamortized tenant improvements and leasing commissions. The projected contraction penalty as of January 31, 2028 is $682,860 ($34.10 per square foot). If such tenant provides notice within the Mortgage Loan term, the contraction penalty will be deposited and held in the rollover reserve. Such amount will not count towards any cap. Such termination option is effective on January 31, 2031 with at least nine months’ notice. The termination option provides such tenant with a one-time option to terminate all or a portion of the premises; however, such tenant may only terminate one or more full floors. Written notice of termination must be provided between January 31, 2030 and April 30, 2030, and such tenant must pay a termination cost recovery that includes two months of rent and reimbursements and unamortized TI and LC. The projected termination penalty as of January 31, 2031 is $3,944,020 ($22.08 per square foot).

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Second Largest Tenant at the Vineland mortgaged property, Staffing Alternatives, has the right to terminate the lease upon the satisfaction of each of the following conditions, (i) written notice no sooner than the expiration of the second lease year in the primary term, (ii) no event of default has occurred prior to service of notice of termination, (iii) the tenant vacates and surrenders the premises in the condition required by the lease no later than 30 days after the date of service of notice of termination upon the landlord and (iv) the tenant pays all rent due under the lease, when due, for a period of one year after the date of termination. If the tenant serves notice of termination and fails to satisfy all of the foregoing conditions, it will remain obligated to pay all rent due during the then current term.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Largest Tenant at the Marlboro Crossing mortgaged property, Starbucks, has a one-time right to terminate its lease effective as of June 30, 2028, with (i) written notice no later than January 1, 2028, and (ii) payment of a termination fee.
   
  With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the Surgery Center of Temple, Temple, TX mortgaged property, Ascension Seton, has the one-time right to terminate its lease on February 28, 2025 by providing the landlord with no less than nine months’ prior written notice, accompanied by a termination fee equal to four months of base rent (at a rate of $30 per square foot) and additional rent (based on the landlord’s most recent estimate of operating expenses), plus any unamortized leasing commissions and the tenant improvement allowance (such leasing commissions and the tenant improvement allowance being amortized over the term at an interest rate of 8% per annum).

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the Largest Tenant at the Pioneer Spine Sports - Northampton mortgaged property, Pioneer Spine Sports – Northampton, will have its space automatically reduced to 5,600 square feet after July 31, 2024.

With respect to Loan No. 5, One & Two Commerce Square, the Second Largest Tenant, Stradley, Ronon, Stevens & Young has a termination right for all of its leased space with notice by February 1, 2029 and payment of a termination fee, which if exercised would be effective January 31, 2031.  The Fourth Largest Tenant, Wolters Kluwer Health, Inc., has a termination right on March 31, 2026 with notice by September 30, 2024 and payment of a termination fee. The Fifth Largest tenant, Jazz Pharmaceuticals, Inc. has a termination option with 12 months’ notice and payment of a termination fee, which if exercised would be effective December 31, 2025.

With respect to Loan No. 8, North Run Business Park, the Fifth Largest Tenant at the North Run Business Park Mortgaged Property, US Geological Survey (GSG), may terminate its lease, in whole or in parts, at any time effective after the firm term of the lease (October 23, 2021 through October 22, 2025), by providing not less than 180 days’ prior written notice to the borrower (as landlord). The effective date of the termination will be the day following the expiration of the required notice period or the termination date set forth in the notice, whichever is later.

 

 A-1-61 

 

  With respect to Loan No. 10, Meridian Plaza, the Third Largest Tenant, Kinetic Advantage LLC, has the right to terminate its lease effective as of October 31, 2026, upon at least 180 days’ written notice. If exercised, Kinetic Advantage LLC is required to pay a termination fee equal to the sum of the unamortized balance of the total brokerage commission payable by the landlord in connection with the lease, all free rent afforded to Kinetic Advantage LLC under the lease and the amount of the improvement allowance paid to Kinetic Advantage LLC pursuant to the terms of the lease at the interest rate of 6.0% per annum.

With respect to Loan No. 10, Meridian Plaza, the Fourth Largest Tenant, American Auto Auction Group, LLC, has the right to terminate its lease effective as of January 31, 2028, upon at least 12 months’ written notice. If exercised, American Auto Auction Group, LLC is required to pay a termination fee equal to the sum of the unamortized balance of the total brokerage commission payable by the landlord in connection with the lease, all legal fees and space planning costs incurred by the landlord, free rent, the amount of the tenant allowance, and any other credits or allowances paid to American Auto Auction Group, LLC pursuant to the terms of the lease at the interest rate of 8.0% per annum. The termination fee is required to be paid in two equal installments. The first installment is due and payable within 30 days of receipt of notice from the landlord confirming the amount of the termination fee, and the second installment is due and payable on or before January 31, 2028. If American Auto Auction Group, LLC no longer leases and occupies at least 18,172 square feet at the mortgaged property, such termination option will automatically expire.
   
  With respect to Loan No. 13, South Lake at Dulles, the Sole Tenant, Amazon.com Services, Inc., has the right to contract up to four contiguous floors (floors 7-10) totaling 110,823 square feet, on April 30, 2028, with at least 15-months prior notice. The tenant must pay a contraction fee equal to any unamortized (i) leasing commissions, (ii) rent abatement related to such floors (less certain operating and tax expenses paid by the tenant as set forth in the related lease) and (iii) tenant improvements costs (each amortized on a straight line basis at the rate of 7% per annum over the period from April 18, 2020 through and including April 30, 2032).

With respect to Loan No. 15, Rhino Retail Portfolio, the Third Largest Tenant at the University Park Plaza mortgaged property, Harbor Freight Tools, has the right to terminate the lease by providing the landlord with a written notice prior to May 31, 2029. If tenant timely delivers the notice, the lease will terminate effective November 30, 2029.

With respect to Loan No. 18, 6330 West Loop South, the Largest Tenant, Texas Children's Health Plan has
a contraction right and a termination right per the October 2021 lease amendment. The contraction option
is effective between January 31, 2028 and January 31, 2031 with a minimum of 12 months’ notice. The contraction option provides such tenant with a one-time right to contract a specific portion of the premises, either all of Suite 200 or Suite 300 (20,027 square feet each), but no less than one full floor. In addition to the 12-month notice period, such tenant must also pay a contraction fee of two months of rent and reimbursements plus unamortized tenant improvements and leasing commissions. The projected contraction penalty as of January 31, 2028 is $682,860 ($34.10 per square foot). If such tenant provides notice within the Mortgage Loan term, the contraction penalty will be deposited and held in the rollover reserve. Such amount will not count towards any cap. Such termination option is effective on January 31, 2031 with at least nine months’ notice. The termination option provides such tenant with a one-time option to terminate all or a portion of the premises; however, such tenant may only terminate one or more full floors. Written notice of termination must be provided between January 31, 2030 and April 30, 2030, and such tenant must pay a termination cost recovery that includes two months of rent and reimbursements and unamortized TI and LC. The projected termination penalty as of January 31, 2031 is $3,944,020 ($22.08 per square foot).

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Second Largest Tenant at the Vineland mortgaged property, Staffing Alternatives, has the right to terminate the lease upon the satisfaction of each of the following conditions, (i) written notice no sooner than the expiration of the second lease year in the primary term, (ii) no event of default has occurred prior to service of notice of termination, (iii) the tenant vacates and surrenders the premises in the condition required by the lease no later than 30 days after the date of service of notice of termination upon the landlord and (iv) the tenant pays all rent due under the lease, when due, for a period of one year after the date of termination. If the tenant serves notice of termination and fails to satisfy all of the foregoing conditions, it will remain obligated to pay all rent due during the then current term.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, the Largest Tenant at the Marlboro Crossing mortgaged property, Starbucks, has a one-time right to terminate its lease effective as of June 30, 2028, with (i) written notice no later than January 1, 2028, and (ii) payment of a termination fee.

 

 A-1-62 

 

   
(24) With respect to Loan No. 1, Fashion Valley Mall, there is no separate environmental indemnitor with respect to the whole or the mortgage loan.  While the single-purpose entity mortgagor is obligated under the non-recourse carveout provisions in the mortgage loan agreement and the guarantor is obligated with respect to such mortgagor’s breaches thereof, no separate environmental indemnity agreement was executed by such mortgagor.  In addition, for so long as one or more of Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”) (or an affiliate of SPG LP or Simon Inc.) or PPF Retail, LLC (“PPF Retail”) is a non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the original principal balance of the mortgage loan, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of such lender’s rights under such guaranty.

With respect to Loan No. 2, CX – 250 Water Street, there is no non-recourse carveout guarantor and no separate environmental indemnitor with respect to the mortgage loan or related whole loan.  While the single-purpose entity mortgagor is obligated under the non-recourse carveout provisions in the related mortgage loan agreement, no separate guaranty was executed by such Mortgagor or any guarantor.

With respect to Loan No. 5, One & Two Commerce Square, there is no separate environmental indemnitor with respect to the mortgage loan or related whole loan.  

With respect to Loan No. 7, Great Lakes Crossing Outlets, for so long as one or more of The Taubman Realty Group LLC (“TRG”), Simon Property Group, L.P. (“SPG LP”) or Simon Property Group, Inc. (“Simon Inc.”) or an affiliate of TRG, SPG LP. or Simon Inc. is the non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the outstanding principal balance of the Great Lakes Crossing Outlets whole loan, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of the lender’s rights under such guaranty.

With respect to Loan No. 11, Gloucester Premium Outlets, for so long as one or more of Simon Property Group L.P. or Simon Property Group, Inc. is the non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the outstanding principal balance of the Gloucester Premium Outlets whole loan, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of the lender’s rights under such guaranty.

With respect to Loan No. 13, South Lake at Dulles, the whole loan does not have a separate carveout guarantor that is distinct from the borrower.
   
(25) Each number identifies a group of related borrowers.
   
(26) The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” and “—Definitions” in the preliminary prospectus for further details.

With respect to Loan No. 13, South Lake at Dulles, the whole loan is structured with a hard lockbox for the master tenant and a springing lockbox for the master tenant’s sub-tenant, Amazon. If a trigger period occurs, the master tenant is required to cause Amazon to deliver their rent into the springing lockbox, which would then flow to the cash management account.
   
(27) With respect to Loan No. 13, South Lake at Dulles, the whole loan was structured as a Shari’ah compliant loan. In connection with such structure, the mortgaged property is owned by a special purpose entity borrower owned by a third-party services company, and the borrower master leases the mortgaged property to a special purpose entity that is indirectly owned by the borrower sponsors.  The master lessee subleases the mortgaged property to the end-user tenant. The rent under the master lease is equal to the debt service payments required under the whole loan, as well as reserve payments and any other sums due under the whole loan.  At origination, the lender received a fee mortgage from the borrower on its interest in the mortgaged property.  The master tenant has collaterally assigned all tenant leases at the mortgaged property to the borrower, who has further assigned its interests to the lender. Upon foreclosure, the lender may terminate the master lease at its sole option without the payment of any termination fee and, pursuant to subordination non-disturbance and attornment agreements with the end-user tenant, the end-user tenant is required to attorn to the lender as its landlord.

With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, ExchangeRight Value-Add Portfolio 3 DST entered into a master lease with ExchangeRight Value-Add Portfolio 3 Master Lessee, LLC on June 5, 2023, with an expiration date on June 6, 2033.

 A-1-63 

 

  With respect to Loan No. 26, Peterboro Office & Retail, 10 Peterboro Holdings SPE LLC entered into a master lease with Andrew Feuereisen and Jeffrey Feuereisen on June 2, 2023, with an expiration date on June 1, 2038.
   
(28) With respect to Loan No. 14, Doubletree Downtown Chattanooga, the mortgaged property is located in a Qualified Opportunity Zone.
   
(29)

With respect to Loan No. 2, CX – 250 Water Street, the underwritten rent is being straight-lined for the sole tenant, E.R. Squibb & Sons LLC, through the loan term.

 

With respect to Loan No. 4, Healthcare Trust MOB Portfolio, the borrowers are ARHC FMMUNIN01, LLC, ARHC AHGBYWI01, LLC, ARHC AHGVLWI01, LLC, ARHC AHWTFWI01, LLC, ARHC AHWTMWI01, LLC, ARHC AHKIEWI01, LLC, ARHC BMWRNMI01, LLC, ARHC DDHUDFL01, LLC, ARHC DDLARFL01, LLC, ARHC HCTMPFL01, LLC, ARHC SSTMPFL01, LLC, ARHC TPTMPFL01, LLC, ARHC WCWCHFL01, LLC, ARHC FMWEDAL01, LLC, ARHC GDFMHMI01, LLC, ARHC GFGBTAZ01, LLC, ARHC GHGVLSC01, LLC, ARHC ECGVLSC01, LLC, ARHC LMFMYFL01, LLC, ARHC MHCLVOH01, LLC, ARHC DMDCRGA01, LLC, ARHC RACLWFL01, LLC, ARHC RMRWLTX01, LLC, ARHC CMSHTMI001, LLC, ARHC CMWTSMI001, LLC, ARHC VSTALFL01, LLC, ARHC WMBRPMI01, LLC, ARHC WHYRKPA01, LLC, ARHC LMLANPA01, LLC, ARHC PSSGDMA01, LLC, ARHC PSWSGMA01, LLC, ARHC PSNHTMA01, LLC, ARHC UPHBGPA01, LLC, ARHC UPMBGPA01, LLC, ARHC UPHBGPA02, LLC, ARHC SARCOIL01, LLC, ARHC SCTEMTX01, LLC, ARHC KEKWDTX01, LLC, ARHC OOHLDOH01, LLC, ARHC SDGMDWOK01, LLC, ARHC SPABYNY01, LLC, ARHC SPTRYNY01, LLC, ARHC SPABYNY02, LLC, ARHC SPABYNY03, LLC, ARHC SLESTPA01, LLC, ARHC MESCSMI01, LLC, ARHC NCODSTX01, LLC, ARHC BPBLPOH01, LLC, ARHC FMTPAFL01, LLC, ARHC ADERLCO01, LLC, ARHC PNPENFL01, LLC, ARHC PVGYRAZ01, LLC, ARHC MEFHDNJ01, LLC, ARHC AGLAWGA01, LLC, ARHC BJMERIN01, LLC, ARHC ECAGRENC01, LLC, ARHC PMPEOAZ01, LLC, ARHC HO4PSLB01, LLC and ARHC SPALBNY01, LLC.

With respect to Loan No. 5, One & Two Commerce Square, straight-lined rent of $252,142 was underwritten for six tenants, totaling 153,115 square feet.  

With respect to Loan No. 5, One & Two Commerce Square, at origination, the borrower deposited a letter of credit in the amount of $25 million as an upfront general TI/LC reserve.

With respect to Loan No. 13, South Lake at Dulles, the lender consents, pursuant to the mortgage loan documents, to Mirabaud RE South Lake Venture LLC (the “Intercompany Loan Borrower”), the sole member of Mirabaud RE South Lake LLC (the “Master Tenant”) obtaining an intercompany loan in an amount not to exceed $27,000,000 (an “Intercompany Loan”) from Mirabaud RE South Lake SCSP (the “Intercompany Loan Lender”) provided the following conditions are satisfied: (a) the Intercompany Loan will be unsecured and the Intercompany Loan Lender will have no right, title or interest in and to any of the mortgaged property, (b) the borrower under the Intercompany Loan will never be the borrower or Master Tenant at the mortgaged property, (c) the debt service and repayment of the Intercompany Loan will only be paid out of (i) excess cash flow from the mortgaged property after full payment to the whole loan’s debt service, reserves required to be paid pursuant to the terms of the mortgage loan documents and operating expenses or (ii) funds which are not collateral for the whole loan. To the extent that a cash management period has occurred and is continuing, the Intercompany Lender will agree that any amount due and owing to the Intercompany Loan Lender under any loan document evidencing and/or securing the Intercompany Loan will accrue and not be due and payable by the Intercompany Loan Borrower until the cash management period has terminated, (d) the Intercompany Loan Lender will not be permitted to commence the exercise of any remedies available to it under any loan document evidencing and/or securing the Intercompany Loan until the whole loan to lender has been repaid in full, and (e) the borrower will pay (or cause the Master Tenant to pay) all of the lender’s reasonable out-of-pocket costs and expenses in connection with the Intercompany Loan.

 

  With respect to Loan No. 14, Doubletree Downtown Chattanooga, the mortgaged property leases rooftop space to T-Mobile South L.L.C. at an annual rent of $22,473.88 through January 31, 2027. The lease has two 5-year options with annual rent increasing to $24,159.42 and $25,971.38, respectively.

With respect to Loan No. 14, Doubletree Downtown Chattanooga, the borrowers own the mortgaged property as tenant-in-commons.

With respect to Mortgage Loan No. 18, 6330 West Loop South, Texas Children's Health Plan is underwritten at average rent over lease term due to investment grade nature of the lease.

 

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  With respect to Loan No. 29, Lagoons MHC / RV Park, there are 17 privately owned condominium units (the “Casitas”) at the mortgaged property (which are not part of the collateral for the mortgage loan nor owned by affiliates of the borrower) that are subject to a condominium declaration dated June 14, 2011. Each Casita owner currently pays $250 per month in condominium dues for the use of the common area amenities within the mortgaged property. Additionally, within the 21.80-acre site that is serving as the mortgage loan collateral, the borrower owns 19 undeveloped condominium units and one condominium unit improved with a maintenance shed, which are subject to the condominium declaration. The borrower has 56.41% ownership of the undeveloped sites, which makes it the majority owner and thereby control party of the condominium.

 

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