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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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. | |
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(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. |
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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 $1 for the remaining terms. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor. With respect to Loan No. 24, ExchangeRight In-Line Retail Portfolio #3, each of the related mortgaged properties is comprised of the borrower’s leasehold interest in a tax parcel that includes property which is not part of the related mortgaged property (or subject to the related ground lease). Under each of the related ground leases, the related ground lessor is obligated to pay taxes (and the borrower is obligated to reimburse the ground lessor for the portion of such taxes attributable to each of the related mortgaged properties). Provided that no cash sweep event has occurred and is continuing, the Mortgage Loan documents do not require the borrower to fund a tax reserve. | |
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(18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. With respect to Loan No. 5, One & Two Commerce Square, Upfront Other Reserve ($) 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. |
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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. |
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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. |
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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.
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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. |
A-1-64 |
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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