COMM 2012-LC4
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The Information contained herein (the "Information") is preliminary and subject to change. The information will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series COMM 2012-LC4 (the "Offering Document"). The Information supersedes any such information previously delivered. The Information should be reviewed only in conjunction with the entire Offering Document. All of the Information is subject to the same limitations and qualifications contained in the Offering Document. The Information does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The Information contained herein will be more fully described elsewhere in the Offering Document. The Information should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. The privately offered securities described in the Offering Document as to which the Information relates have not been and will not be registered under the United States Securities Act of 1933, as amended. This material should be not construed as an effort to sell or the solicitation of any offer to buy any security in any jurisdiction where such offer of solicitation would be illegal.
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For investor in publicly offered securities as to which the Information relates:
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The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-172143) 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 website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by email to prospectus.cpdg@db.com.
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% of
|
Mortgage
|
Mortgage
|
Cut-off
|
General
|
Detailed
|
Interest
|
Original
|
||||||||||||
Initial Pool
|
# of
|
Loan
|
Loan
|
Original
|
Date
|
Maturity
|
Property
|
Property
|
Interest
|
Administrative
|
Additional
|
Total
|
Accrual
|
Term to
|
|||||
Property Flag
|
ID
|
Property Name
|
Balance
|
Properties
|
Originator (1)
|
Seller (2)
|
Balance($)(3)
|
Balance($)(3)
|
or ARD Balance($)(4)
|
Type
|
Type
|
Rate (4)
|
Fee Rate (5)
|
Strip
|
Strip
|
Basis
|
Maturity or ARD (4)
|
||
Loan
|
1
|
Square One Mall
|
10.6%
|
1
|
GACC
|
GACC
|
100,000,000
|
99,779,556
|
83,468,450
|
Retail
|
Regional Mall
|
5.4730%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
2
|
Union Square Retail
|
8.0%
|
1
|
LCF
|
LCF
|
75,000,000
|
75,000,000
|
75,000,000
|
Retail
|
Anchored
|
4.8800%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
6.1%
|
4
|
LCF
|
LCF
|
57,750,000
|
57,750,000
|
48,760,748
|
Retail
|
Anchored
|
5.8500%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Property
|
3.01
|
Plaza Los Prados
|
2.4%
|
1
|
LCF
|
LCF
|
22,700,000
|
22,700,000
|
Retail
|
Anchored
|
|||||||||
Property
|
3.02
|
Juncos Plaza
|
1.5%
|
1
|
LCF
|
LCF
|
14,250,000
|
14,250,000
|
Retail
|
Anchored
|
|||||||||
Property
|
3.03
|
Manati Centro Plaza
|
1.5%
|
1
|
LCF
|
LCF
|
13,800,000
|
13,800,000
|
Retail
|
Anchored
|
|||||||||
Property
|
3.04
|
University Plaza
|
0.7%
|
1
|
LCF
|
LCF
|
7,000,000
|
7,000,000
|
Retail
|
Anchored
|
|||||||||
Loan
|
4
|
Hartman Portfolio (22)
|
6.0%
|
12
|
JPMIM
|
GACC
|
56,514,846
|
56,514,846
|
50,921,607
|
Various
|
Various
|
6.5000%
|
0.1037%
|
0.0000%
|
0.1037%
|
30/360
|
120
|
||
Property
|
4.01
|
Westheimer Central Plaza
|
1.0%
|
1
|
JPMIM
|
GACC
|
9,397,628
|
9,397,628
|
Office
|
Suburban
|
|||||||||
Property
|
4.02
|
The Preserve
|
0.7%
|
1
|
JPMIM
|
GACC
|
6,881,402
|
6,881,402
|
Office
|
Suburban
|
|||||||||
Property
|
4.03
|
North Central Plaza
|
0.6%
|
1
|
JPMIM
|
GACC
|
6,112,582
|
6,112,582
|
Office
|
Suburban
|
|||||||||
Property
|
4.04
|
Walzem Plaza
|
0.6%
|
1
|
JPMIM
|
GACC
|
5,790,096
|
5,790,096
|
Retail
|
Unanchored
|
|||||||||
Property
|
4.05
|
3100 Timmons Lane
|
0.5%
|
1
|
JPMIM
|
GACC
|
4,560,381
|
4,560,381
|
Office
|
Suburban
|
|||||||||
Property
|
4.06
|
One Mason Plaza
|
0.5%
|
1
|
JPMIM
|
GACC
|
4,359,243
|
4,359,243
|
Retail
|
Unanchored
|
|||||||||
Property
|
4.07
|
Northbelt Atrium I
|
0.5%
|
1
|
JPMIM
|
GACC
|
4,250,177
|
4,250,177
|
Office
|
Suburban
|
|||||||||
Property
|
4.08
|
Park Central
|
0.4%
|
1
|
JPMIM
|
GACC
|
3,892,502
|
3,892,502
|
Office
|
Suburban
|
|||||||||
Property
|
4.09
|
Northbelt Atrium II
|
0.4%
|
1
|
JPMIM
|
GACC
|
3,653,721
|
3,653,721
|
Office
|
Suburban
|
|||||||||
Property
|
4.10
|
11811 North Freeway
|
0.4%
|
1
|
JPMIM
|
GACC
|
3,477,462
|
3,477,462
|
Office
|
Suburban
|
|||||||||
Property
|
4.11
|
Tower Pavilion
|
0.3%
|
1
|
JPMIM
|
GACC
|
2,359,532
|
2,359,532
|
Office
|
Suburban
|
|||||||||
Property
|
4.12
|
Central Park Business Center
|
0.2%
|
1
|
JPMIM
|
GACC
|
1,780,118
|
1,780,118
|
Industrial
|
Flex
|
|||||||||
Loan
|
5
|
180 Peachtree Street
|
5.8%
|
1
|
GACC
|
GACC
|
55,000,000
|
54,888,798
|
46,549,648
|
Office
|
Data Center
|
5.9300%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
6
|
Hampshire Multifamily Portfolio
|
5.8%
|
6
|
GACC
|
GACC
|
55,000,000
|
54,793,389
|
46,797,672
|
Multifamily
|
Garden
|
6.1100%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Property
|
6.01
|
Westlake Apartments
|
3.4%
|
1
|
GACC
|
GACC
|
32,025,774
|
31,905,468
|
Multifamily
|
Garden
|
|||||||||
Property
|
6.02
|
Woods Edge Apartments
|
0.8%
|
1
|
GACC
|
GACC
|
7,360,361
|
7,332,712
|
Multifamily
|
Garden
|
|||||||||
Property
|
6.03
|
Wind Drift Apartments
|
0.6%
|
1
|
GACC
|
GACC
|
5,511,655
|
5,490,950
|
Multifamily
|
Garden
|
|||||||||
Property
|
6.04
|
Riverwood Apartments
|
0.4%
|
1
|
GACC
|
GACC
|
4,111,166
|
4,095,722
|
Multifamily
|
Garden
|
|||||||||
Property
|
6.05
|
Spyglass Apartments
|
0.4%
|
1
|
GACC
|
GACC
|
3,810,391
|
3,796,077
|
Multifamily
|
Garden
|
|||||||||
Property
|
6.06
|
Villa Nova Apartments
|
0.2%
|
1
|
GACC
|
GACC
|
2,180,651
|
2,172,460
|
Multifamily
|
Garden
|
|||||||||
Loan
|
7
|
Alamance Crossing
|
5.4%
|
1
|
RB
|
GLAC
|
50,800,000
|
50,454,122
|
42,956,557
|
Retail
|
Regional Mall
|
5.8300%
|
0.1337%
|
0.9800%
|
1.1137%
|
Actual/360
|
119
|
||
Loan
|
8
|
Brea Plaza Shopping Center
|
4.6%
|
1
|
LCF
|
LCF
|
43,500,000
|
43,451,656
|
37,233,966
|
Retail
|
Anchored
|
6.3220%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
9
|
Rio Apartments
|
2.0%
|
1
|
LCF
|
LCF
|
18,500,000
|
18,479,935
|
17,419,793
|
Multifamily
|
Garden
|
6.5000%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
60
|
||
Loan
|
10
|
Treetop Apartments
|
1.7%
|
1
|
LCF
|
LCF
|
16,000,000
|
15,982,647
|
15,065,767
|
Multifamily
|
Garden
|
6.5000%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
60
|
||
Loan
|
11
|
Piatt Place (23)
|
3.6%
|
1
|
GLAC
|
GLAC
|
33,500,000
|
33,500,000
|
29,349,475
|
Mixed Use
|
Office/Retail
|
5.5000%
|
0.1337%
|
0.0000%
|
0.1337%
|
Actual/360
|
120
|
||
Loan
|
12
|
Susquehanna Valley Mall
|
3.0%
|
1
|
GACC
|
GACC
|
27,950,000
|
27,895,902
|
23,814,333
|
Retail
|
Regional Mall
|
6.1580%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
13
|
Vernola Marketplace
|
2.5%
|
1
|
GACC
|
GACC
|
23,750,000
|
23,561,921
|
19,597,244
|
Retail
|
Anchored
|
5.1070%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
14
|
GRM Portfolio
|
2.1%
|
2
|
GACC
|
GACC
|
20,000,000
|
19,967,806
|
15,486,300
|
Industrial
|
Warehouse/Distribution
|
6.0000%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Property
|
14.01
|
10310 Harwin Drive
|
1.1%
|
1
|
GACC
|
GACC
|
10,600,000
|
10,582,937
|
Industrial
|
Warehouse/Distribution
|
|||||||||
Property
|
14.02
|
Chicago Building
|
1.0%
|
1
|
GACC
|
GACC
|
9,400,000
|
9,384,869
|
Industrial
|
Warehouse/Distribution
|
|||||||||
Loan
|
15
|
Evergreen Portfolio
|
1.8%
|
3
|
LCF
|
LCF
|
17,500,000
|
16,964,976
|
13,982,104
|
Manufactured Housing Community
|
Manufactured Housing Community
|
6.0490%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Property
|
15.01
|
Yorktowne MHP
|
1.3%
|
1
|
LCF
|
LCF
|
12,400,000
|
12,365,245
|
Manufactured Housing Community
|
Manufactured Housing Community
|
|||||||||
Property
|
15.02
|
Pondarosa MHP
|
0.3%
|
1
|
LCF
|
LCF
|
2,950,000
|
2,455,757
|
Manufactured Housing Community
|
Manufactured Housing Community
|
|||||||||
Property
|
15.03
|
Vance MHP
|
0.2%
|
1
|
LCF
|
LCF
|
2,150,000
|
2,143,974
|
Manufactured Housing Community
|
Manufactured Housing Community
|
|||||||||
Loan
|
16
|
Healdsburg Hotel
|
1.8%
|
1
|
GACC
|
GACC
|
17,000,000
|
16,883,352
|
15,979,515
|
Hospitality
|
Full Service
|
6.3500%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
60
|
||
Loan
|
17
|
Montebello Town Square
|
1.7%
|
1
|
GACC
|
GACC
|
16,000,000
|
15,978,416
|
13,135,029
|
Retail
|
Anchored
|
4.9560%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
18
|
Plaza del Sol
|
1.7%
|
1
|
GACC
|
GACC
|
15,750,000
|
15,732,025
|
13,407,113
|
Retail
|
Regional Mall
|
6.1300%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
19
|
Holiday Village
|
1.6%
|
1
|
LCF
|
LCF
|
15,500,000
|
15,454,232
|
13,069,812
|
Manufactured Housing Community
|
Manufactured Housing Community
|
5.8020%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
20
|
Bear Creek Plaza
|
1.6%
|
1
|
GLAC
|
GLAC
|
15,400,000
|
15,381,462
|
12,962,517
|
Retail
|
Anchored
|
5.7500%
|
0.1337%
|
0.0000%
|
0.1337%
|
Actual/360
|
120
|
||
Loan
|
21
|
BB&T Headquarters Building (21)
|
1.6%
|
1
|
LCF
|
LCF
|
15,360,750
|
15,328,964
|
12,953,409
|
Office
|
CBD
|
5.8080%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
1.5%
|
1
|
GACC
|
GACC
|
14,465,000
|
14,364,196
|
11,903,046
|
Retail
|
Anchored
|
5.0250%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
1.4%
|
1
|
LCF
|
LCF
|
13,551,525
|
13,551,525
|
13,551,525
|
Other
|
Leased Fee
|
5.1500%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
1.2%
|
1
|
GACC
|
GACC
|
11,100,000
|
11,022,646
|
9,134,035
|
Retail
|
Anchored
|
5.0250%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
25
|
Southwood Manor MHC
|
1.2%
|
1
|
LCF
|
LCF
|
11,050,000
|
11,000,933
|
9,441,304
|
Manufactured Housing Community
|
Manufactured Housing Community
|
6.2500%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
26
|
BJ's Wholesale Pittsfield
|
1.2%
|
1
|
LCF
|
LCF
|
11,000,000
|
11,000,000
|
11,000,000
|
Retail
|
Single Tenant
|
5.5000%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
27
|
Penland Park MHC
|
1.2%
|
1
|
LCF
|
LCF
|
11,000,000
|
10,951,155
|
9,398,584
|
Manufactured Housing Community
|
Manufactured Housing Community
|
6.2500%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
28
|
Eagle Crest MHC
|
1.1%
|
1
|
LCF
|
LCF
|
10,750,000
|
10,720,004
|
9,136,943
|
Manufactured Housing Community
|
Manufactured Housing Community
|
6.0700%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
1.1%
|
1
|
LCF
|
LCF
|
10,500,000
|
10,440,050
|
9,823,781
|
Retail
|
Anchored
|
6.0000%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
60
|
||
Loan
|
30
|
Hickory Glen Apartments
|
1.0%
|
1
|
LCF
|
LCF
|
9,000,000
|
8,989,011
|
7,552,532
|
Multifamily
|
Age Restricted
|
5.6500%
|
0.1237%
|
0.0000%
|
0.1237%
|
Actual/360
|
120
|
||
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
1.0%
|
1
|
LCF
|
LCF
|
9,000,000
|
8,985,600
|
6,980,563
|
Hospitality
|
Limited Service
|
6.0500%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
32
|
Staybridge Suites SeaWorld
|
0.9%
|
1
|
GLAC
|
GLAC
|
9,000,000
|
8,933,110
|
7,838,470
|
Hospitality
|
Limited Service
|
6.7500%
|
0.1337%
|
0.0000%
|
0.1337%
|
Actual/360
|
84
|
||
Loan
|
33
|
Boulevard Estates MHC
|
0.9%
|
1
|
LCF
|
LCF
|
8,100,000
|
8,078,896
|
6,948,088
|
Manufactured Housing Community
|
Manufactured Housing Community
|
6.3890%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
34
|
Northcross & Victoria
|
0.8%
|
1
|
LCF
|
LCF
|
7,700,000
|
7,683,737
|
6,472,096
|
Retail
|
Anchored
|
5.7000%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
35
|
Hampton Inn & Suites
|
0.8%
|
1
|
LCF
|
LCF
|
7,700,000
|
7,679,065
|
6,042,726
|
Hospitality
|
Limited Service
|
6.4000%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
36
|
Westchester I Office
|
0.8%
|
1
|
LCF
|
LCF
|
7,635,000
|
7,619,234
|
6,440,568
|
Office
|
Suburban
|
5.8190%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
37
|
Marina Towers
|
0.8%
|
1
|
GLAC
|
GLAC
|
7,550,000
|
7,507,794
|
7,073,151
|
Office
|
Suburban
|
6.1000%
|
0.1337%
|
0.0000%
|
0.1337%
|
Actual/360
|
60
|
||
Loan
|
38
|
Spalding Building
|
0.8%
|
1
|
LCF
|
LCF
|
7,500,000
|
7,478,533
|
6,352,120
|
Office
|
CBD
|
5.9500%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
39
|
Addison Place North
|
0.7%
|
1
|
GACC
|
GACC
|
6,950,000
|
6,950,000
|
5,831,886
|
Retail
|
Unanchored
|
5.6450%
|
0.1037%
|
0.0000%
|
0.1037%
|
Actual/360
|
120
|
||
Loan
|
40
|
Hotel Provincial
|
0.7%
|
1
|
GLAC
|
GLAC
|
7,000,000
|
6,938,735
|
5,378,894
|
Hospitality
|
Limited Service
|
5.7700%
|
0.1337%
|
0.0000%
|
0.1337%
|
Actual/360
|
120
|
||
Loan
|
41
|
Alrig Portfolio
|
0.7%
|
3
|
LCF
|
LCF
|
6,800,000
|
6,800,000
|
5,734,122
|
Various
|
Various
|
5.8070%
|
0.0837%
|
0.0000%
|
0.0837%
|
Actual/360
|
120
|
||
Property
|
41.01
|
Bloomfield Office Pavilion
|
0.4%
|
1
|
LCF
|
LCF
|
3,410,000
|
3,410,000
|
Office
|
Suburban
|
|||||||||
Property
|
41.02
|
Willow Office Center
|
0.2%
|
1
|
LCF
|
LCF
|
2,190,000
|
2,190,000
|
Office
|
Suburban
|
|||||||||
Property
|
41.03
|
Cady Office Centre
|
0.1%
|
1
|
LCF
|
LCF
|
1,200,000
|
1,200,000
|
Mixed Use
|
Office/Retail
|
|||||||||
Loan
|
42
|
Wood Forest Apartments
|
0.7%
|
1
|
GLAC
|
GLAC
|
6,800,000
|
6,780,333
|
5,266,016
|
Multifamily
|
Garden
|
6.0000%
|
0.1337%
|
0.0000%
|
0.1337%
|
Actual/360
|
120
|
||
Loan
|
43
|
Fox Hunt Apartments
|
0.4%
|
1
|
LCF
|
LCF
|
4,075,000
|
4,049,455
|
3,789,042
|
Multifamily
|
Garden
|
5.5500%
|
0.0837%
|
0.0000%
|
0.0837%
|
Actual/360
|
60
|
Remaining
|
Original
|
Remaining
|
First
|
Annual
|
Monthly
|
Remaining
|
Crossed
|
|||||||||||
Term to
|
Amortization
|
Amortization
|
Payment
|
Maturity
|
ARD Loan
|
Final
|
Debt
|
Debt
|
Interest Only
|
Cash
|
With
|
Related
|
Underwritten
|
Underwritten
|
||||
Property Flag
|
ID
|
Property Name
|
Maturity or ARD (4)
|
Term (3)
|
Term (3)
|
Date
|
or ARD Date (4)
|
(Yes/No) (4)
|
Maturity Date (4)
|
Service($)(6)
|
Service($)(6)
|
Period
|
Lockbox (7)
|
Management (8)
|
Other Loans (9)
|
Borrower
|
NOI DSCR (6)(9)
|
NCF DSCR (6)(9)
|
Loan
|
1
|
Square One Mall
|
118
|
360
|
358
|
02/06/2012
|
01/06/2022
|
No
|
01/06/2022
|
6,793,154
|
566,096
|
Hard
|
In Place
|
No
|
1.93x
|
1.84x
|
||
Loan
|
2
|
Union Square Retail
|
114
|
0
|
0
|
10/06/2011
|
09/06/2021
|
No
|
09/06/2021
|
3,710,833
|
309,236
|
114
|
None
|
None
|
No
|
4.34x
|
4.12x
|
|
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
120
|
360
|
360
|
04/06/2012
|
03/06/2022
|
No
|
03/06/2022
|
4,088,291
|
340,691
|
Hard
|
In Place
|
No
|
1.69x
|
1.59x
|
||
Property
|
3.01
|
Plaza Los Prados
|
||||||||||||||||
Property
|
3.02
|
Juncos Plaza
|
||||||||||||||||
Property
|
3.03
|
Manati Centro Plaza
|
||||||||||||||||
Property
|
3.04
|
University Plaza
|
||||||||||||||||
Loan
|
4
|
Hartman Portfolio (22)
|
79
|
360
|
343
|
11/01/2008
|
10/01/2018
|
No
|
10/01/2018
|
4,356,480
|
363,040
|
None
|
None
|
No
|
1.62x
|
1.34x
|
||
Property
|
4.01
|
Westheimer Central Plaza
|
||||||||||||||||
Property
|
4.02
|
The Preserve
|
||||||||||||||||
Property
|
4.03
|
North Central Plaza
|
||||||||||||||||
Property
|
4.04
|
Walzem Plaza
|
||||||||||||||||
Property
|
4.05
|
3100 Timmons Lane
|
||||||||||||||||
Property
|
4.06
|
One Mason Plaza
|
||||||||||||||||
Property
|
4.07
|
Northbelt Atrium I
|
||||||||||||||||
Property
|
4.08
|
Park Central
|
||||||||||||||||
Property
|
4.09
|
Northbelt Atrium II
|
||||||||||||||||
Property
|
4.10
|
11811 North Freeway
|
||||||||||||||||
Property
|
4.11
|
Tower Pavilion
|
||||||||||||||||
Property
|
4.12
|
Central Park Business Center
|
||||||||||||||||
Loan
|
5
|
180 Peachtree Street
|
118
|
360
|
358
|
02/06/2012
|
01/06/2022
|
No
|
01/06/2022
|
3,927,380
|
327,282
|
Hard
|
In Place
|
No
|
1.73x
|
1.62x
|
||
Loan
|
6
|
Hampshire Multifamily Portfolio
|
116
|
360
|
356
|
12/06/2011
|
11/06/2021
|
No
|
11/06/2021
|
4,003,830
|
333,652
|
Springing Soft
|
Springing
|
No
|
1.50x
|
1.32x
|
||
Property
|
6.01
|
Westlake Apartments
|
||||||||||||||||
Property
|
6.02
|
Woods Edge Apartments
|
||||||||||||||||
Property
|
6.03
|
Wind Drift Apartments
|
||||||||||||||||
Property
|
6.04
|
Riverwood Apartments
|
||||||||||||||||
Property
|
6.05
|
Spyglass Apartments
|
||||||||||||||||
Property
|
6.06
|
Villa Nova Apartments
|
||||||||||||||||
Loan
|
7
|
Alamance Crossing
|
112
|
360
|
353
|
09/01/2011
|
07/01/2021
|
No
|
07/01/2021
|
3,588,501
|
299,042
|
Hard
|
Springing
|
No
|
1.44x
|
1.35x
|
||
Loan
|
8
|
Brea Plaza Shopping Center
|
119
|
360
|
359
|
03/06/2012
|
02/06/2022
|
No
|
02/06/2022
|
3,238,527
|
269,877
|
Hard
|
In Place
|
No
|
1.28x
|
1.22x
|
||
Loan
|
9
|
Rio Apartments
|
59
|
360
|
359
|
03/06/2012
|
02/06/2017
|
No
|
02/06/2017
|
1,403,191
|
116,933
|
Soft
|
In Place
|
Yes - A
|
Yes - A
|
1.52x
|
1.45x
|
|
Loan
|
10
|
Treetop Apartments
|
59
|
360
|
359
|
03/06/2012
|
02/06/2017
|
No
|
02/06/2017
|
1,213,571
|
101,131
|
Soft
|
In Place
|
Yes - A
|
Yes - A
|
1.52x
|
1.45x
|
|
Loan
|
11
|
Piatt Place (23)
|
120
|
360
|
360
|
04/06/2012
|
03/06/2022
|
No
|
03/06/2022
|
2,282,512
|
190,209
|
24
|
Hard
|
In Place
|
No
|
1.49x
|
1.45x
|
|
Loan
|
12
|
Susquehanna Valley Mall
|
118
|
360
|
358
|
02/06/2012
|
01/06/2022
|
No
|
01/06/2022
|
2,045,089
|
170,424
|
Hard
|
Springing
|
No
|
2.15x
|
1.94x
|
||
Loan
|
13
|
Vernola Marketplace
|
113
|
360
|
353
|
09/06/2011
|
08/06/2021
|
No
|
08/06/2021
|
1,548,633
|
129,053
|
Hard
|
In Place
|
No
|
1.98x
|
1.83x
|
||
Loan
|
14
|
GRM Portfolio
|
119
|
300
|
299
|
03/06/2012
|
02/06/2022
|
No
|
02/06/2022
|
1,546,323
|
128,860
|
Hard
|
In Place
|
No
|
1.54x
|
1.39x
|
||
Property
|
14.01
|
10310 Harwin Drive
|
||||||||||||||||
Property
|
14.02
|
Chicago Building
|
||||||||||||||||
Loan
|
15
|
Evergreen Portfolio
|
117
|
360
|
357
|
01/06/2012
|
12/06/2021
|
No
|
12/06/2021
|
1,265,679
|
105,473
|
Soft
|
Springing
|
No
|
Yes - B
|
1.41x
|
1.38x
|
|
Property
|
15.01
|
Yorktowne MHP
|
||||||||||||||||
Property
|
15.02
|
Pondarosa MHP
|
||||||||||||||||
Property
|
15.03
|
Vance MHP
|
||||||||||||||||
Loan
|
16
|
Healdsburg Hotel
|
52
|
360
|
352
|
08/06/2011
|
07/06/2016
|
No
|
07/06/2016
|
1,269,361
|
105,780
|
Hard
|
Springing
|
No
|
1.78x
|
1.46x
|
||
Loan
|
17
|
Montebello Town Square
|
119
|
360
|
359
|
03/06/2012
|
02/06/2022
|
No
|
02/06/2022
|
1,025,541
|
85,462
|
Springing Hard
|
Springing
|
No
|
Yes - C
|
3.14x
|
2.97x
|
|
Loan
|
18
|
Plaza del Sol
|
119
|
360
|
359
|
03/06/2012
|
02/06/2022
|
No
|
02/06/2022
|
1,148,995
|
95,750
|
Springing Hard
|
Springing
|
No
|
1.63x
|
1.44x
|
||
Loan
|
19
|
Holiday Village
|
117
|
360
|
357
|
01/06/2012
|
12/06/2021
|
No
|
12/06/2021
|
1,091,598
|
90,966
|
Soft
|
Springing
|
No
|
Yes - B
|
1.80x
|
1.78x
|
|
Loan
|
20
|
Bear Creek Plaza
|
119
|
360
|
359
|
03/06/2012
|
02/06/2022
|
No
|
02/06/2022
|
1,078,443
|
89,870
|
None
|
None
|
No
|
1.54x
|
1.35x
|
||
Loan
|
21
|
BB&T Headquarters Building (21)
|
118
|
360
|
358
|
02/06/2012
|
01/06/2022
|
Yes
|
01/06/2037
|
1,082,495
|
90,208
|
Hard
|
In Place
|
No
|
2.44x
|
2.29x
|
||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
114
|
360
|
354
|
10/06/2011
|
09/06/2021
|
No
|
09/06/2021
|
934,469
|
77,872
|
Springing Hard
|
Springing
|
No
|
Yes - C
|
1.73x
|
1.65x
|
|
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
113
|
0
|
0
|
09/06/2011
|
08/06/2021
|
No
|
08/06/2021
|
707,597
|
58,966
|
113
|
Hard
|
In Place
|
No
|
1.98x
|
1.98x
|
|
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
114
|
360
|
354
|
10/06/2011
|
09/06/2021
|
No
|
09/06/2021
|
717,083
|
59,757
|
Springing Hard
|
Springing
|
No
|
Yes - C
|
1.86x
|
1.76x
|
|
Loan
|
25
|
Southwood Manor MHC
|
115
|
360
|
355
|
11/06/2011
|
10/06/2021
|
No
|
10/06/2021
|
816,441
|
68,037
|
Soft
|
Springing
|
No
|
Yes - D
|
1.36x
|
1.33x
|
|
Loan
|
26
|
BJ's Wholesale Pittsfield
|
120
|
0
|
0
|
04/06/2012
|
03/06/2022
|
No
|
03/06/2022
|
613,403
|
51,117
|
120
|
Hard
|
In Place
|
No
|
1.67x
|
1.66x
|
|
Loan
|
27
|
Penland Park MHC
|
115
|
360
|
355
|
11/06/2011
|
10/06/2021
|
No
|
10/06/2021
|
812,747
|
67,729
|
Soft
|
Springing
|
No
|
Yes - D
|
1.43x
|
1.40x
|
|
Loan
|
28
|
Eagle Crest MHC
|
117
|
360
|
357
|
01/06/2012
|
12/06/2021
|
No
|
12/06/2021
|
779,235
|
64,936
|
Soft
|
Springing
|
No
|
Yes - B
|
1.35x
|
1.33x
|
|
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
54
|
360
|
354
|
10/06/2011
|
09/06/2016
|
No
|
09/06/2016
|
755,434
|
62,953
|
Hard
|
Springing
|
No
|
1.42x
|
1.27x
|
||
Loan
|
30
|
Hickory Glen Apartments
|
119
|
360
|
359
|
03/06/2012
|
02/06/2022
|
No
|
02/06/2022
|
623,415
|
51,951
|
Springing Soft
|
Springing
|
No
|
1.56x
|
1.50x
|
||
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
119
|
300
|
299
|
03/06/2012
|
02/06/2022
|
No
|
02/06/2022
|
699,150
|
58,263
|
Hard
|
Springing
|
No
|
1.65x
|
1.51x
|
||
Loan
|
32
|
Staybridge Suites SeaWorld
|
78
|
300
|
294
|
10/06/2011
|
09/06/2018
|
No
|
09/06/2018
|
746,184
|
62,182
|
Hard
|
In Place
|
No
|
1.54x
|
1.39x
|
||
Loan
|
33
|
Boulevard Estates MHC
|
117
|
360
|
357
|
01/06/2012
|
12/06/2021
|
No
|
12/06/2021
|
607,292
|
50,608
|
Soft
|
Springing
|
No
|
Yes - B
|
1.30x
|
1.28x
|
|
Loan
|
34
|
Northcross & Victoria
|
118
|
360
|
358
|
02/06/2012
|
01/06/2022
|
No
|
01/06/2022
|
536,290
|
44,691
|
Hard
|
Springing
|
No
|
1.94x
|
1.66x
|
||
Loan
|
35
|
Hampton Inn & Suites
|
118
|
300
|
298
|
02/06/2012
|
01/06/2022
|
No
|
01/06/2022
|
618,130
|
51,511
|
Hard
|
Springing
|
No
|
2.17x
|
1.98x
|
||
Loan
|
36
|
Westchester I Office
|
118
|
360
|
358
|
02/06/2012
|
01/06/2022
|
No
|
01/06/2022
|
538,692
|
44,891
|
Hard
|
Springing
|
No
|
1.45x
|
1.32x
|
||
Loan
|
37
|
Marina Towers
|
54
|
360
|
354
|
10/06/2011
|
09/06/2016
|
No
|
09/06/2016
|
549,031
|
45,753
|
Hard
|
In Place
|
No
|
1.47x
|
1.31x
|
||
Loan
|
38
|
Spalding Building
|
117
|
360
|
357
|
01/06/2012
|
12/06/2021
|
No
|
12/06/2021
|
536,706
|
44,725
|
Springing Hard
|
Springing
|
No
|
1.75x
|
1.46x
|
||
Loan
|
39
|
Addison Place North
|
120
|
360
|
360
|
04/06/2012
|
03/06/2022
|
No
|
03/06/2022
|
481,151
|
40,096
|
Springing Hard
|
Springing
|
No
|
1.56x
|
1.50x
|
||
Loan
|
40
|
Hotel Provincial
|
114
|
300
|
294
|
10/01/2011
|
09/01/2021
|
No
|
09/01/2021
|
529,465
|
44,122
|
None
|
None
|
No
|
2.24x
|
1.95x
|
||
Loan
|
41
|
Alrig Portfolio
|
120
|
360
|
360
|
04/06/2012
|
03/06/2022
|
No
|
03/06/2022
|
479,154
|
39,930
|
Hard
|
Springing
|
No
|
1.76x
|
1.42x
|
||
Property
|
41.01
|
Bloomfield Office Pavilion
|
||||||||||||||||
Property
|
41.02
|
Willow Office Center
|
||||||||||||||||
Property
|
41.03
|
Cady Office Centre
|
||||||||||||||||
Loan
|
42
|
Wood Forest Apartments
|
118
|
300
|
298
|
02/06/2012
|
01/06/2022
|
No
|
01/06/2022
|
525,750
|
43,813
|
Hard
|
In Place
|
No
|
1.51x
|
1.43x
|
||
Loan
|
43
|
Fox Hunt Apartments
|
54
|
360
|
354
|
10/06/2011
|
09/06/2016
|
No
|
09/06/2016
|
279,185
|
23,265
|
Springing Soft
|
Springing
|
No
|
2.03x
|
1.74x
|
Cut-Off
|
||||||||||||||||
Grace
|
Payment
|
Appraised
|
Appraisal
|
Date LTV
|
LTV Ratio at
|
Year
|
||||||||||
Property Flag
|
ID
|
Property Name
|
Period (10)
|
Date
|
Value($)
|
As-of Date
|
Ratio (9)
|
Maturity or ARD (4)(9)
|
Address
|
City
|
County
|
State
|
Zip Code
|
Built
|
||
Loan
|
1
|
Square One Mall
|
0
|
6
|
201,000,000
|
11/11/2011
|
49.6%
|
41.5%
|
1201 Broadway
|
Saugus
|
Essex
|
MA
|
01906
|
1959
|
||
Loan
|
2
|
Union Square Retail
|
0
|
6
|
310,000,000
|
01/04/2012
|
24.2%
|
24.2%
|
One Union Square South
|
New York
|
New York
|
NY
|
10003
|
1999
|
||
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
0
|
6
|
85,400,000
|
Various
|
67.6%
|
57.1%
|
Various
|
Various
|
NAP
|
PR
|
Various
|
Various
|
||
Property
|
3.01
|
Plaza Los Prados
|
32,600,000
|
11/22/2011
|
PR-156, Km. 56.3
|
Caguas
|
NAP
|
PR
|
00725
|
2008
|
||||||
Property
|
3.02
|
Juncos Plaza
|
23,000,000
|
11/21/2011
|
State Road PR-31, KM 24, Ceiba Norte Ward
|
Juncos
|
NAP
|
PR
|
00777
|
1999
|
||||||
Property
|
3.03
|
Manati Centro Plaza
|
20,300,000
|
11/21/2011
|
SE/c PR-149 & PR-2
|
Manati
|
NAP
|
PR
|
00674
|
2001
|
||||||
Property
|
3.04
|
University Plaza
|
9,500,000
|
11/21/2011
|
State Road PR-2, km 150.7
|
Mayaguez
|
NAP
|
PR
|
00682
|
1999
|
||||||
Loan
|
4
|
Hartman Portfolio (22)
|
5
|
1
|
90,200,000
|
Various
|
62.7%
|
56.5%
|
Various
|
Various
|
Various
|
TX
|
Various
|
Various
|
||
Property
|
4.01
|
Westheimer Central Plaza
|
14,750,000
|
07/06/2011
|
11200 Westheimer Road
|
Houston
|
Harris
|
TX
|
77042
|
1982
|
||||||
Property
|
4.02
|
The Preserve
|
10,000,000
|
05/04/2011
|
2000-2060 North Loop Freeway West
|
Houston
|
Harris
|
TX
|
77018
|
1970
|
||||||
Property
|
4.03
|
North Central Plaza
|
13,000,000
|
06/27/2011
|
12655 North Central Expressway
|
Dallas
|
Dallas
|
TX
|
75243
|
1982
|
||||||
Property
|
4.04
|
Walzem Plaza
|
11,560,000
|
05/03/2011
|
5332-5493 Walzem Road
|
San Antonio
|
Bexar
|
TX
|
78218
|
1981
|
||||||
Property
|
4.05
|
3100 Timmons Lane
|
10,750,000
|
07/14/2011
|
3100 Timmons Lane
|
Houston
|
Harris
|
TX
|
77027
|
1975
|
||||||
Property
|
4.06
|
One Mason Plaza
|
6,900,000
|
07/05/2011
|
811 South Mason Road
|
Katy
|
Harris
|
TX
|
77450
|
1983
|
||||||
Property
|
4.07
|
Northbelt Atrium I
|
3,350,000
|
06/21/2011
|
15311 Vantage Parkway West
|
Houston
|
Harris
|
TX
|
77032
|
1980
|
||||||
Property
|
4.08
|
Park Central
|
6,000,000
|
06/27/2011
|
7616 LBJ Freeway
|
Dallas
|
Dallas
|
TX
|
75251
|
1974
|
||||||
Property
|
4.09
|
Northbelt Atrium II
|
2,800,000
|
06/21/2011
|
15355 Vantage Parkway West
|
Houston
|
Harris
|
TX
|
77032
|
1983
|
||||||
Property
|
4.10
|
11811 North Freeway
|
4,500,000
|
06/21/2011
|
11811 North Freeway
|
Houston
|
Harris
|
TX
|
77060
|
1982
|
||||||
Property
|
4.11
|
Tower Pavilion
|
3,550,000
|
06/30/2011
|
2909 Hillcroft Avenue
|
Houston
|
Harris
|
TX
|
77057
|
1981
|
||||||
Property
|
4.12
|
Central Park Business Center
|
3,040,000
|
06/01/2011
|
1900 Firman Drive and 1901 North Glenville Drive
|
Richardson
|
Dallas
|
TX
|
75081
|
1984
|
||||||
Loan
|
5
|
180 Peachtree Street
|
0
|
6
|
95,000,000
|
11/18/2011
|
57.8%
|
49.0%
|
180 Peachtree Street Northwest and 150 Carnegie Way Northwest
|
Atlanta
|
Fulton
|
GA
|
30303
|
1927
|
||
Loan
|
6
|
Hampshire Multifamily Portfolio
|
0
|
6
|
83,090,000
|
Various
|
65.9%
|
56.3%
|
Various
|
Indianapolis
|
Marion
|
IN
|
Various
|
Various
|
||
Property
|
6.01
|
Westlake Apartments
|
45,100,000
|
10/07/2011
|
6000 Westlake Drive
|
Indianapolis
|
Marion
|
IN
|
46224
|
1967-1976
|
||||||
Property
|
6.02
|
Woods Edge Apartments
|
10,490,000
|
10/07/2011
|
6401 Woods Edge North Drive
|
Indianapolis
|
Marion
|
IN
|
46250
|
1981
|
||||||
Property
|
6.03
|
Wind Drift Apartments
|
7,870,000
|
10/11/2011
|
3833 Wind Drift Drive
|
Indianapolis
|
Marion
|
IN
|
46254
|
1979
|
||||||
Property
|
6.04
|
Riverwood Apartments
|
8,030,000
|
10/07/2011
|
5830 Riverwood Drive
|
Indianapolis
|
Marion
|
IN
|
46250
|
1977
|
||||||
Property
|
6.05
|
Spyglass Apartments
|
6,800,000
|
10/07/2011
|
8320 Spyglass Drive
|
Indianapolis
|
Marion
|
IN
|
46260
|
1979
|
||||||
Property
|
6.06
|
Villa Nova Apartments
|
4,800,000
|
10/07/2011
|
8760 LeMode Court
|
Indianapolis
|
Marion
|
IN
|
46268
|
1972
|
||||||
Loan
|
7
|
Alamance Crossing
|
5
|
1
|
72,670,000
|
04/20/2011
|
69.4%
|
59.1%
|
1080 Piper Lane
|
Burlington
|
Alamance
|
NC
|
27215
|
2006
|
||
Loan
|
8
|
Brea Plaza Shopping Center
|
0
|
6
|
66,000,000
|
12/07/2011
|
65.8%
|
56.4%
|
835 East Imperial Highway and 1647 East Imperial Highway
|
Brea
|
Orange
|
CA
|
92821
|
1976
|
||
Loan
|
9
|
Rio Apartments
|
0
|
6
|
27,700,000
|
11/10/2011
|
65.4%
|
61.6%
|
8801-8871 Fontainebleau Boulevard
|
Miami
|
Miami-Dade
|
FL
|
33172
|
1971
|
||
Loan
|
10
|
Treetop Apartments
|
0
|
6
|
25,000,000
|
11/10/2011
|
65.4%
|
61.6%
|
8532 SW 107th Avenue
|
Miami
|
Miami-Dade
|
FL
|
33173
|
1974
|
||
Loan
|
11
|
Piatt Place (23)
|
0
|
6
|
45,100,000
|
04/01/2012
|
74.3%
|
65.1%
|
301 Fifth Avenue
|
Pittsburgh
|
Allegheny
|
PA
|
15222
|
1998
|
||
Loan
|
12
|
Susquehanna Valley Mall
|
0
|
6
|
43,000,000
|
10/08/2011
|
64.9%
|
55.4%
|
1 Susquehanna Valley Mall Drive
|
Selinsgrove
|
Snyder
|
PA
|
17870
|
1977
|
||
Loan
|
13
|
Vernola Marketplace
|
0
|
6
|
43,800,000
|
06/25/2011
|
53.8%
|
44.7%
|
6205-6477 Pats Ranch Road
|
Mira Loma
|
Riverside
|
CA
|
91752
|
2007
|
||
Loan
|
14
|
GRM Portfolio
|
0
|
6
|
30,440,000
|
Various
|
65.6%
|
50.9%
|
Various
|
Various
|
Various
|
Various
|
Various
|
Various
|
||
Property
|
14.01
|
10310 Harwin Drive
|
16,140,000
|
11/14/2011
|
10310 Harwin Drive
|
Houston
|
Harris
|
TX
|
77036
|
1971
|
||||||
Property
|
14.02
|
Chicago Building
|
14,300,000
|
11/11/2011
|
7123 West 65th Street
|
Bedford Park
|
Cook
|
IL
|
60638
|
2005
|
||||||
Loan
|
15
|
Evergreen Portfolio
|
0
|
6
|
25,400,000
|
10/11/2011
|
66.8%
|
55.0%
|
Various
|
Various
|
Various
|
Various
|
Various
|
Various
|
||
Property
|
15.01
|
Yorktowne MHP
|
17,700,000
|
10/11/2011
|
7260 Fields Ertel Road
|
Sharonville
|
Butler & Warren
|
OH
|
45241
|
1970
|
||||||
Property
|
15.02
|
Pondarosa MHP
|
4,300,000
|
10/11/2011
|
3559 Cossell Road
|
Indianapolis
|
Marion
|
IN
|
46222
|
1965
|
||||||
Property
|
15.03
|
Vance MHP
|
3,400,000
|
10/11/2011
|
1639 Marion-Waldo Road
|
Marion
|
Marion
|
OH
|
43302
|
1970
|
||||||
Loan
|
16
|
Healdsburg Hotel
|
0
|
6
|
25,500,000
|
04/13/2011
|
66.2%
|
62.7%
|
25 Matheson Street
|
Healdsburg
|
Sonoma
|
CA
|
95448
|
2001
|
||
Loan
|
17
|
Montebello Town Square
|
0
|
6
|
51,190,000
|
01/04/2012
|
31.2%
|
25.7%
|
1445 North Montebello Boulevard
|
Montebello
|
Los Angeles
|
CA
|
90640
|
1992
|
||
Loan
|
18
|
Plaza del Sol
|
0
|
6
|
23,850,000
|
12/01/2011
|
66.0%
|
56.2%
|
2205 Veterans Boulevard
|
Del Rio
|
Val Verde
|
TX
|
78840
|
1977
|
||
Loan
|
19
|
Holiday Village
|
0
|
6
|
31,000,000
|
10/25/2011
|
49.9%
|
42.2%
|
701 South Dobson Road
|
Mesa
|
Maricopa
|
AZ
|
85202
|
1963
|
||
Loan
|
20
|
Bear Creek Plaza
|
0
|
6
|
22,700,000
|
11/02/2011
|
67.8%
|
57.1%
|
830-1140 Biddle Road
|
Medford
|
Jackson
|
OR
|
97504
|
1977
|
||
Loan
|
21
|
BB&T Headquarters Building (21)
|
0
|
6
|
34,800,000
|
11/09/2011
|
44.0%
|
37.2%
|
200 West Second Street
|
Winston-Salem
|
Forsyth
|
NC
|
27101
|
1987
|
||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
0
|
6
|
22,400,000
|
07/06/2011
|
64.1%
|
53.1%
|
13205-13297 Black Mountain Road and 9335 Paseo Montalban
|
San Diego
|
San Diego
|
CA
|
92129
|
1987-1990
|
||
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
0
|
6
|
20,790,000
|
06/18/2011
|
65.2%
|
65.2%
|
500 Galleria Drive
|
Johnstown
|
Cambria
|
PA
|
15904
|
NAP
|
||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
0
|
6
|
19,400,000
|
07/06/2011
|
56.8%
|
47.1%
|
13161-13181 Black Mountain Road and 13173-13181 Twin Trails Drive
|
San Diego
|
San Diego
|
CA
|
92129
|
1987-1990
|
||
Loan
|
25
|
Southwood Manor MHC
|
0
|
6
|
15,500,000
|
06/03/2011
|
71.0%
|
60.9%
|
9499 Brayton Drive
|
Anchorage
|
Anchorage
|
AK
|
99507
|
1976,1978
|
||
Loan
|
26
|
BJ's Wholesale Pittsfield
|
0
|
6
|
14,700,000
|
01/02/2012
|
74.8%
|
74.8%
|
495 Hubbard Avenue
|
Pittsfield
|
Berkshire
|
MA
|
01201
|
2011
|
||
Loan
|
27
|
Penland Park MHC
|
0
|
6
|
15,400,000
|
06/03/2011
|
71.1%
|
61.0%
|
801 Airport Heights Drive
|
Anchorage
|
Anchorage
|
AK
|
99508
|
1975
|
||
Loan
|
28
|
Eagle Crest MHC
|
0
|
6
|
17,500,000
|
10/10/2011
|
61.3%
|
52.2%
|
3629 Big Tree Road
|
Hamburg
|
Erie
|
NY
|
14075
|
1988
|
||
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
0
|
6
|
16,700,000
|
05/19/2011
|
62.5%
|
58.8%
|
1634 Clark Street Road
|
Aurelius
|
Cayuga
|
NY
|
13021
|
2006-2008
|
||
Loan
|
30
|
Hickory Glen Apartments
|
0
|
6
|
12,900,000
|
12/02/2011
|
69.7%
|
58.5%
|
1700 West Washington Street
|
Springfield
|
Sangamon
|
IL
|
62702
|
1987
|
||
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
0
|
6
|
15,100,000
|
12/07/2011
|
59.5%
|
46.2%
|
137-30 Redding Street
|
Ozone Park
|
Queens
|
NY
|
11417
|
2009
|
||
Loan
|
32
|
Staybridge Suites SeaWorld
|
0
|
6
|
15,000,000
|
05/19/2011
|
59.6%
|
52.3%
|
10919 Town Center Drive
|
San Antonio
|
Bexar
|
TX
|
78251
|
2009
|
||
Loan
|
33
|
Boulevard Estates MHC
|
0
|
6
|
11,100,000
|
10/06/2011
|
72.8%
|
62.6%
|
2266 Gulf to Bay Boulevard
|
Clearwater
|
Pinellas
|
FL
|
33765
|
1965
|
||
Loan
|
34
|
Northcross & Victoria
|
0
|
6
|
12,500,000
|
12/05/2011
|
61.5%
|
51.8%
|
5201, 5209-5223, 5303-5319, 5301 and 5106 North Navarro Street
|
Victoria
|
Victoria
|
TX
|
77904
|
1977 (Victoria); 1978 and 1992 (Northcross)
|
||
Loan
|
35
|
Hampton Inn & Suites
|
0
|
6
|
11,500,000
|
11/14/2011
|
66.8%
|
52.5%
|
6124 West Calhoun Drive
|
Alexandria
|
Rapides
|
LA
|
71303
|
2008
|
||
Loan
|
36
|
Westchester I Office
|
0
|
6
|
10,600,000
|
12/01/2011
|
71.9%
|
60.8%
|
15871 City View Drive
|
Midlothian
|
Chesterfield
|
VA
|
23113
|
2008
|
||
Loan
|
37
|
Marina Towers
|
0
|
6
|
11,000,000
|
06/16/2011
|
68.3%
|
64.3%
|
709 South Harbor City Boulevard
|
Melbourne
|
Brevard
|
FL
|
32901
|
1994
|
||
Loan
|
38
|
Spalding Building
|
0
|
6
|
11,800,000
|
08/12/2011
|
63.4%
|
53.8%
|
319 SW Washington Street
|
Portland
|
Multnomah
|
OR
|
97204
|
1912
|
||
Loan
|
39
|
Addison Place North
|
0
|
6
|
10,000,000
|
05/27/2011
|
69.5%
|
58.3%
|
16850 Jog Road
|
Delray Beach
|
Palm Beach
|
FL
|
33446
|
2001
|
||
Loan
|
40
|
Hotel Provincial
|
5
|
1
|
13,000,000
|
06/23/2011
|
53.4%
|
41.4%
|
1024 Rue Chartres
|
New Orleans
|
Orleans
|
LA
|
70116
|
1877, 1961
|
||
Loan
|
41
|
Alrig Portfolio
|
0
|
6
|
9,895,000
|
12/14/2011
|
68.7%
|
57.9%
|
Various
|
Various
|
Various
|
MI
|
Various
|
Various
|
||
Property
|
41.01
|
Bloomfield Office Pavilion
|
4,630,000
|
12/14/2011
|
2550 South Telegraph Road
|
Bloomfield Township
|
Oakland
|
MI
|
48302
|
1978
|
||||||
Property
|
41.02
|
Willow Office Center
|
3,125,000
|
12/14/2011
|
525 East Big Beaver Road
|
Troy
|
Oakland
|
MI
|
48083
|
2000
|
||||||
Property
|
41.03
|
Cady Office Centre
|
2,140,000
|
12/14/2011
|
105 East Cady Street
|
Northville
|
Wayne
|
MI
|
48167
|
1998
|
||||||
Loan
|
42
|
Wood Forest Apartments
|
0
|
6
|
9,850,000
|
06/30/2011
|
68.8%
|
53.5%
|
2614 North University Drive
|
Nacogdoches
|
Nacogdoches
|
TX
|
75965
|
1974
|
||
Loan
|
43
|
Fox Hunt Apartments
|
0
|
6
|
6,975,000
|
07/11/2011
|
58.1%
|
54.3%
|
2095 Valley Greene Drive
|
Dayton
|
Montgomery
|
OH
|
45440
|
1978
|
Net
|
Loan per Net
|
|||||||||||||||
Rentable Area
|
Units
|
Rentable Area
|
||||||||||||||
Year
|
(SF/Units
|
of
|
(SF/Units/
|
Prepayment Provisions
|
Trailing 12 Operating
|
Trailing 12
|
Trailing 12
|
Trailing 12
|
2010 Operating
|
2010
|
2010
|
2010
|
||||
Property Flag
|
ID
|
Property Name
|
Renovated
|
Rooms/Pads) (11)
|
Measure
|
Rooms/Pads)($)(11)
|
(# of payments) (12)
|
Statements Date
|
EGI($)
|
Expenses($)
|
NOI($)
|
Statements Date
|
EGI($)
|
Expenses($)
|
NOI($)
|
|
Loan
|
1
|
Square One Mall
|
1994, 2001
|
541,128
|
Sq. Ft.
|
184
|
L(26), D(90), O(4)
|
T-12 10/31/2011
|
22,545,313
|
8,335,874
|
14,209,439
|
12/31/2010
|
22,362,687
|
8,189,777
|
14,172,910
|
|
Loan
|
2
|
Union Square Retail
|
NAP
|
236,215
|
Sq. Ft.
|
318
|
L(30), D(86), O(4)
|
YTD 11/30/2011 Ann.
|
25,706,810
|
6,821,294
|
18,885,516
|
12/31/2010
|
17,757,995
|
8,552,565
|
9,205,430
|
|
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
NAP
|
554,490
|
Sq. Ft.
|
104
|
L(24), D(93), O(3)
|
T-12 10/31/2011
|
9,431,669
|
2,952,747
|
6,478,922
|
12/31/2010
|
8,893,270
|
2,745,030
|
6,148,240
|
|
Property
|
3.01
|
Plaza Los Prados
|
NAP
|
163,532
|
Sq. Ft.
|
139
|
T-12 10/31/2011
|
2,894,465
|
903,567
|
1,990,898
|
12/31/2010
|
2,582,839
|
869,166
|
1,713,673
|
||
Property
|
3.02
|
Juncos Plaza
|
NAP
|
208,080
|
Sq. Ft.
|
68
|
T-12 10/31/2011
|
2,565,948
|
855,466
|
1,710,482
|
12/31/2010
|
2,460,254
|
800,384
|
1,659,870
|
||
Property
|
3.03
|
Manati Centro Plaza
|
NAP
|
117,872
|
Sq. Ft.
|
117
|
T-12 10/31/2011
|
2,732,153
|
786,394
|
1,945,759
|
12/31/2010
|
2,624,361
|
700,338
|
1,924,023
|
||
Property
|
3.04
|
University Plaza
|
NAP
|
65,006
|
Sq. Ft.
|
108
|
T-12 10/31/2011
|
1,239,103
|
407,320
|
831,783
|
12/31/2010
|
1,225,816
|
375,142
|
850,674
|
||
Loan
|
4
|
Hartman Portfolio (22)
|
Various
|
1,638,830
|
Sq. Ft.
|
34
|
YM1(117), O(3)
|
T-12 10/31/2011
|
18,549,086
|
10,793,447
|
7,755,639
|
12/31/2010
|
19,938,515
|
11,114,270
|
8,824,245
|
|
Property
|
4.01
|
Westheimer Central Plaza
|
NAP
|
182,506
|
Sq. Ft.
|
51
|
T-12 10/31/2011
|
2,649,847
|
1,488,449
|
1,161,398
|
12/31/2010
|
3,336,882
|
1,353,256
|
1,983,627
|
||
Property
|
4.02
|
The Preserve
|
NAP
|
218,689
|
Sq. Ft.
|
31
|
T-12 10/31/2011
|
2,377,148
|
1,379,918
|
997,230
|
12/31/2010
|
2,154,378
|
1,407,046
|
747,332
|
||
Property
|
4.03
|
North Central Plaza
|
NAP
|
198,374
|
Sq. Ft.
|
31
|
T-12 10/31/2011
|
2,954,631
|
1,586,717
|
1,367,914
|
12/31/2010
|
2,312,388
|
1,547,095
|
765,294
|
||
Property
|
4.04
|
Walzem Plaza
|
NAP
|
182,713
|
Sq. Ft.
|
32
|
T-12 10/31/2011
|
1,530,626
|
593,306
|
937,320
|
12/31/2010
|
1,390,587
|
662,366
|
728,221
|
||
Property
|
4.05
|
3100 Timmons Lane
|
2000
|
111,265
|
Sq. Ft.
|
41
|
T-12 10/31/2011
|
1,948,242
|
942,350
|
1,005,892
|
12/31/2010
|
1,811,668
|
941,530
|
870,138
|
||
Property
|
4.06
|
One Mason Plaza
|
NAP
|
75,183
|
Sq. Ft.
|
58
|
T-12 10/31/2011
|
1,039,256
|
364,136
|
675,120
|
12/31/2010
|
995,475
|
406,080
|
589,396
|
||
Property
|
4.07
|
Northbelt Atrium I
|
NAP
|
118,461
|
Sq. Ft.
|
36
|
T-12 10/31/2011
|
1,110,288
|
754,075
|
356,213
|
12/31/2010
|
1,492,099
|
869,259
|
622,840
|
||
Property
|
4.08
|
Park Central
|
NAP
|
127,913
|
Sq. Ft.
|
30
|
T-12 10/31/2011
|
1,734,326
|
1,099,339
|
634,987
|
12/31/2010
|
1,575,021
|
1,056,940
|
518,081
|
||
Property
|
4.09
|
Northbelt Atrium II
|
NAP
|
106,677
|
Sq. Ft.
|
34
|
T-12 10/31/2011
|
580,071
|
676,559
|
-96,488
|
12/31/2010
|
1,531,441
|
848,521
|
682,920
|
||
Property
|
4.10
|
11811 North Freeway
|
2000
|
156,361
|
Sq. Ft.
|
22
|
T-12 10/31/2011
|
1,138,651
|
915,417
|
223,234
|
12/31/2010
|
1,877,503
|
1,088,302
|
789,202
|
||
Property
|
4.11
|
Tower Pavilion
|
NAP
|
87,589
|
Sq. Ft.
|
27
|
T-12 10/31/2011
|
1,062,737
|
776,979
|
285,758
|
12/31/2010
|
1,108,704
|
723,602
|
385,102
|
||
Property
|
4.12
|
Central Park Business Center
|
NAP
|
73,099
|
Sq. Ft.
|
24
|
T-12 10/31/2011
|
423,263
|
216,202
|
207,061
|
12/31/2010
|
352,367
|
210,275
|
142,092
|
||
Loan
|
5
|
180 Peachtree Street
|
2000
|
350,267
|
Sq. Ft.
|
157
|
L(26), D(89), O(5)
|
T-12 8/31/2011
|
11,973,814
|
4,609,778
|
7,364,036
|
12/31/2010
|
11,232,296
|
4,130,087
|
7,102,209
|
|
Loan
|
6
|
Hampshire Multifamily Portfolio
|
Various
|
2,103
|
Units
|
26,055
|
L(28), D(88), O(4)
|
T-12 9/30/2011
|
13,892,248
|
7,512,594
|
6,379,655
|
12/31/2010
|
13,412,958
|
7,287,406
|
6,125,553
|
|
Property
|
6.01
|
Westlake Apartments
|
2009-2011
|
1,381
|
Units
|
23,103
|
T-12 9/30/2011
|
8,210,290
|
4,412,511
|
3,797,780
|
12/31/2010
|
7,735,712
|
4,340,605
|
3,395,107
|
||
Property
|
6.02
|
Woods Edge Apartments
|
NAP
|
190
|
Units
|
38,593
|
T-12 9/30/2011
|
1,479,026
|
689,756
|
789,271
|
12/31/2010
|
1,453,886
|
665,861
|
788,025
|
||
Property
|
6.03
|
Wind Drift Apartments
|
NAP
|
166
|
Units
|
33,078
|
T-12 9/30/2011
|
1,259,185
|
636,008
|
623,178
|
12/31/2010
|
1,229,841
|
624,285
|
605,556
|
||
Property
|
6.04
|
Riverwood Apartments
|
NAP
|
120
|
Units
|
34,131
|
T-12 9/30/2011
|
1,086,477
|
624,540
|
461,937
|
12/31/2010
|
1,108,575
|
569,759
|
538,816
|
||
Property
|
6.05
|
Spyglass Apartments
|
2009-2010
|
120
|
Units
|
31,634
|
T-12 9/30/2011
|
991,949
|
556,025
|
435,925
|
12/31/2010
|
1,022,028
|
536,572
|
485,457
|
||
Property
|
6.06
|
Villa Nova Apartments
|
NAP
|
126
|
Units
|
17,242
|
T-12 9/30/2011
|
865,320
|
593,755
|
271,565
|
12/31/2010
|
862,915
|
550,324
|
312,592
|
||
Loan
|
7
|
Alamance Crossing
|
2008
|
456,989
|
Sq. Ft.
|
110
|
L(31), D(83), O(5)
|
T-12 11/30/2011
|
7,824,397
|
1,851,582
|
5,972,814
|
12/31/2010
|
7,756,157
|
1,767,850
|
5,988,307
|
|
Loan
|
8
|
Brea Plaza Shopping Center
|
1993-1994, 2008-2011
|
165,337
|
Sq. Ft.
|
263
|
L(25), D(91), O(4)
|
T-12 10/31/2011
|
4,127,060
|
1,009,868
|
3,117,192
|
|||||
Loan
|
9
|
Rio Apartments
|
NAP
|
294
|
Units
|
62,857
|
YM1(59), O(1)
|
T-12 11/30/2011
|
3,414,261
|
1,004,434
|
2,409,827
|
12/31/2010
|
3,350,612
|
1,299,947
|
2,050,664
|
|
Loan
|
10
|
Treetop Apartments
|
NAP
|
263
|
Units
|
60,771
|
YM1(59), O(1)
|
T-12 11/30/2011
|
2,901,257
|
850,056
|
2,051,201
|
12/31/2010
|
2,749,860
|
1,304,298
|
1,445,562
|
|
Loan
|
11
|
Piatt Place (23)
|
2006-2007
|
222,155
|
Sq. Ft.
|
151
|
L(24), YM1(89), O(7)
|
T-12 10/31/2011
|
4,393,584
|
2,225,659
|
2,167,925
|
T-12 10/31/2010
|
3,185,724
|
1,905,174
|
1,280,550
|
|
Loan
|
12
|
Susquehanna Valley Mall
|
1998
|
628,063
|
Sq. Ft.
|
44
|
L(26), D(90), O(4)
|
T-12 8/31/2011
|
7,630,478
|
3,498,397
|
4,132,081
|
12/31/2010
|
7,546,097
|
3,503,698
|
4,042,399
|
|
Loan
|
13
|
Vernola Marketplace
|
NAP
|
210,963
|
Sq. Ft.
|
112
|
L(11), YM1(105), O(4)
|
YTD 10/31/2011 Ann.
|
4,725,494
|
1,708,201
|
3,017,293
|
12/31/2010
|
4,526,415
|
1,330,547
|
3,195,868
|
|
Loan
|
14
|
GRM Portfolio
|
Various
|
607,633
|
Sq. Ft.
|
33
|
L(25), D(91), O(4)
|
|||||||||
Property
|
14.01
|
10310 Harwin Drive
|
2009
|
311,486
|
Sq. Ft.
|
34
|
||||||||||
Property
|
14.02
|
Chicago Building
|
NAP
|
296,147
|
Sq. Ft.
|
32
|
||||||||||
Loan
|
15
|
Evergreen Portfolio
|
NAP
|
595
|
Pads
|
28,513
|
L(27), D(90), O(3)
|
T-12 9/30/2011
|
2,843,633
|
1,067,261
|
1,776,372
|
12/31/2010
|
2,769,185
|
1,066,756
|
1,702,429
|
|
Property
|
15.01
|
Yorktowne MHP
|
NAP
|
354
|
Pads
|
34,930
|
T-12 9/30/2011
|
1,813,328
|
597,526
|
1,215,802
|
12/31/2010
|
1,748,565
|
588,412
|
1,160,153
|
||
Property
|
15.02
|
Pondarosa MHP
|
NAP
|
146
|
Pads
|
16,820
|
T-12 9/30/2011
|
604,048
|
293,162
|
310,886
|
12/31/2010
|
594,541
|
296,542
|
297,999
|
||
Property
|
15.03
|
Vance MHP
|
NAP
|
95
|
Pads
|
22,568
|
T-12 9/30/2011
|
426,257
|
176,573
|
249,684
|
12/31/2010
|
426,079
|
181,802
|
244,277
|
||
Loan
|
16
|
Healdsburg Hotel
|
NAP
|
55
|
Rooms
|
306,970
|
L(32), D(24), O(4)
|
T-12 10/31/2011
|
10,203,179
|
7,997,064
|
2,206,115
|
12/31/2010
|
9,994,992
|
7,815,799
|
2,179,193
|
|
Loan
|
17
|
Montebello Town Square
|
NAP
|
251,489
|
Sq. Ft.
|
64
|
L(25), D(91), O(4)
|
12/31/2011
|
4,324,970
|
985,313
|
3,339,657
|
12/31/2010
|
4,246,088
|
1,044,987
|
3,201,101
|
|
Loan
|
18
|
Plaza del Sol
|
NAP
|
260,538
|
Sq. Ft.
|
60
|
L(25), D(91), O(4)
|
T-12 10/31/2011
|
2,719,482
|
1,145,488
|
1,573,994
|
12/31/2010
|
2,574,249
|
1,204,805
|
1,369,444
|
|
Loan
|
19
|
Holiday Village
|
NAP
|
495
|
Pads
|
31,221
|
L(27), D(90), O(3)
|
T-12 10/31/2011
|
3,055,785
|
1,121,716
|
1,934,069
|
12/31/2010
|
2,977,104
|
1,096,468
|
1,880,636
|
|
Loan
|
20
|
Bear Creek Plaza
|
2010
|
189,953
|
Sq. Ft.
|
81
|
L(25), D(91), O(4)
|
T-12 11/30/2011
|
2,100,276
|
499,738
|
1,600,538
|
12/31/2010
|
2,019,324
|
467,670
|
1,551,654
|
|
Loan
|
21
|
BB&T Headquarters Building (21)
|
2001-2003
|
239,854
|
Sq. Ft.
|
64
|
L(26), YM1(90), O(4)
|
YTD 9/30/2011 Ann.
|
3,933,431
|
1,691,761
|
2,241,670
|
12/31/2010
|
4,644,944
|
1,724,553
|
2,920,391
|
|
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
NAP
|
57,411
|
Sq. Ft.
|
250
|
L(30), D(86), O(4)
|
YTD 9/30/2011 Ann.
|
2,100,296
|
537,871
|
1,562,425
|
12/31/2010
|
2,179,178
|
633,455
|
1,545,723
|
|
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
NAP
|
46
|
Acres
|
NAP
|
L(31), D(86), O(3)
|
12/31/2010
|
1,373,328
|
1,373,328
|
||||||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
NAP
|
59,414
|
Sq. Ft.
|
186
|
L(30), D(86), O(4)
|
YTD 9/30/2011 Ann.
|
1,738,307
|
583,704
|
1,154,603
|
12/31/2010
|
1,822,838
|
629,316
|
1,193,522
|
|
Loan
|
25
|
Southwood Manor MHC
|
NAP
|
417
|
Pads
|
26,381
|
L(29), D(88), O(3)
|
T-12 6/30/2011
|
2,131,379
|
1,010,500
|
1,120,878
|
12/31/2010
|
2,096,819
|
990,999
|
1,105,820
|
|
Loan
|
26
|
BJ's Wholesale Pittsfield
|
NAP
|
85,188
|
Sq. Ft.
|
129
|
YM(24), DorYM(92), O(4)
|
|||||||||
Loan
|
27
|
Penland Park MHC
|
NAP
|
389
|
Pads
|
28,152
|
L(29), D(88), O(3)
|
T-12 6/30/2011
|
1,848,140
|
660,824
|
1,187,315
|
12/31/2010
|
1,811,949
|
658,061
|
1,153,888
|
|
Loan
|
28
|
Eagle Crest MHC
|
NAP
|
273
|
Pads
|
39,267
|
L(27), D(90), O(3)
|
T-12 10/31/2011
|
1,755,250
|
635,795
|
1,119,455
|
12/31/2010
|
1,712,823
|
629,442
|
1,083,381
|
|
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
NAP
|
252,822
|
Sq. Ft.
|
41
|
L(30), D(27), O(3)
|
T-12 3/31/2011
|
1,629,081
|
511,851
|
1,117,230
|
12/31/2010
|
1,632,693
|
511,995
|
1,120,698
|
|
Loan
|
30
|
Hickory Glen Apartments
|
2006-2010
|
129
|
Units
|
69,682
|
L(25), D(92), O(3)
|
T-12 10/31/2011
|
2,670,046
|
1,634,681
|
1,035,365
|
12/31/2010
|
2,779,675
|
1,602,455
|
1,177,220
|
|
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
NAP
|
75
|
Rooms
|
119,808
|
L(25), D(91), O(4)
|
12/31/2011
|
2,596,478
|
1,156,785
|
1,439,692
|
12/31/2010
|
2,259,335
|
1,035,655
|
1,223,680
|
|
Loan
|
32
|
Staybridge Suites SeaWorld
|
NAP
|
98
|
Rooms
|
91,154
|
L(30), D(51), O(3)
|
12/31/2011
|
2,805,390
|
1,801,024
|
1,004,366
|
12/31/2010
|
2,555,497
|
1,550,935
|
1,004,562
|
|
Loan
|
33
|
Boulevard Estates MHC
|
NAP
|
287
|
Pads
|
28,149
|
L(27), D(90), O(3)
|
T-12 9/30/2011
|
1,419,164
|
727,248
|
691,916
|
12/31/2010
|
1,402,851
|
720,872
|
681,979
|
|
Loan
|
34
|
Northcross & Victoria
|
NAP
|
204,091
|
Sq. Ft.
|
38
|
L(26), D(90), O(4)
|
T-12 11/30/2011
|
1,574,660
|
446,751
|
1,127,909
|
12/31/2010
|
1,403,473
|
581,136
|
822,336
|
|
Loan
|
35
|
Hampton Inn & Suites
|
NAP
|
106
|
Rooms
|
72,444
|
L(26), D(91), O(3)
|
T-12 9/30/2011
|
3,050,707
|
1,618,757
|
1,431,950
|
12/31/2010
|
3,036,460
|
1,597,710
|
1,438,750
|
|
Loan
|
36
|
Westchester I Office
|
NAP
|
57,135
|
Sq. Ft.
|
133
|
L(26), D(91), O(3)
|
T-12 7/31/2011
|
1,071,208
|
313,518
|
757,690
|
12/31/2010
|
1,056,135
|
309,478
|
746,657
|
|
Loan
|
37
|
Marina Towers
|
NAP
|
68,090
|
Sq. Ft.
|
110
|
L(30), D(27), O(3)
|
YTD 11/30/2011 Ann.
|
1,403,269
|
430,073
|
973,196
|
12/31/2010
|
1,266,947
|
445,889
|
821,058
|
|
Loan
|
38
|
Spalding Building
|
2009-2011
|
91,060
|
Sq. Ft.
|
82
|
L(27), D(89), O(4)
|
T-12 7/31/2011
|
1,400,742
|
674,820
|
725,921
|
12/31/2010
|
1,364,633
|
633,612
|
731,021
|
|
Loan
|
39
|
Addison Place North
|
NAP
|
24,000
|
Sq. Ft.
|
290
|
L(35), D(80), O(5)
|
12/31/2011
|
956,634
|
278,484
|
678,150
|
12/31/2010
|
1,086,883
|
270,880
|
816,003
|
|
Loan
|
40
|
Hotel Provincial
|
1968-1972, 2002
|
92
|
Rooms
|
75,421
|
L(30), D(86), O(4)
|
T-12 11/30/2011
|
3,856,249
|
2,535,062
|
1,321,187
|
12/31/2010
|
3,539,032
|
2,436,891
|
1,102,141
|
|
Loan
|
41
|
Alrig Portfolio
|
NAP
|
119,817
|
Sq. Ft.
|
57
|
L(24), YM1(93), O(3)
|
12/31/2011
|
1,067,475
|
848,745
|
218,730
|
|||||
Property
|
41.01
|
Bloomfield Office Pavilion
|
NAP
|
60,836
|
Sq. Ft.
|
56
|
12/31/2011
|
500,662
|
361,446
|
139,216
|
||||||
Property
|
41.02
|
Willow Office Center
|
NAP
|
37,167
|
Sq. Ft.
|
59
|
12/31/2011
|
379,648
|
213,494
|
166,154
|
||||||
Property
|
41.03
|
Cady Office Centre
|
NAP
|
21,814
|
Sq. Ft.
|
55
|
12/31/2011
|
187,164
|
273,804
|
-86,640
|
||||||
Loan
|
42
|
Wood Forest Apartments
|
2007-2011
|
152
|
Units
|
44,607
|
L(26), D(90), O(4)
|
T-12 11/30/2011
|
1,693,372
|
856,717
|
836,655
|
12/31/2010
|
1,686,449
|
906,145
|
780,304
|
|
Loan
|
43
|
Fox Hunt Apartments
|
NAP
|
250
|
Units
|
16,198
|
L(30), D(26), O(4)
|
T-12 6/30/2011
|
1,555,425
|
961,842
|
593,583
|
12/31/2010
|
1,461,162
|
808,567
|
652,595
|
2009 Operating
|
2009
|
2009
|
2009
|
Underwritten NOI
|
Underwritten NCF
|
Underwritten
|
Underwritten
|
Underwritten
|
Underwritten
|
Underwritten
|
Underwritten
|
Underwritten
|
Ownership
|
Ground Lease
|
|||||
Property Flag
|
ID
|
Property Name
|
Statements Date
|
EGI($)
|
Expenses($)
|
NOI($)
|
Debt Yield (9)
|
Debt Yield (9)
|
Revenue($)
|
EGI($)
|
Expenses($)
|
NOI($)
|
Reserves($)
|
TI/LC($)
|
NCF($)
|
Interest (11)(13)
|
Expiration (13)
|
||
Loan
|
1
|
Square One Mall
|
12/31/2009
|
23,643,017
|
8,621,734
|
15,021,283
|
13.2%
|
12.5%
|
14,756,595
|
21,233,180
|
8,091,611
|
13,141,569
|
182,506
|
439,808
|
12,519,255
|
Fee Simple
|
|||
Loan
|
2
|
Union Square Retail
|
12/31/2009
|
11,712,897
|
8,378,377
|
3,334,520
|
21.5%
|
20.4%
|
21,599,322
|
25,058,213
|
8,967,917
|
16,090,296
|
47,243
|
749,526
|
15,293,527
|
Leasehold
|
12/31/2095
|
||
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
12/31/2009
|
9,167,003
|
2,677,040
|
6,489,963
|
12.0%
|
11.3%
|
8,384,294
|
10,038,706
|
3,116,456
|
6,922,251
|
166,347
|
241,081
|
6,514,823
|
Fee Simple
|
|||
Property
|
3.01
|
Plaza Los Prados
|
12/31/2009
|
2,620,088
|
809,788
|
1,810,300
|
3,041,260
|
3,573,092
|
975,393
|
2,597,700
|
49,060
|
71,100
|
2,477,540
|
Fee Simple
|
|||||
Property
|
3.02
|
Juncos Plaza
|
12/31/2009
|
2,728,222
|
814,171
|
1,914,051
|
2,443,064
|
2,614,279
|
912,867
|
1,701,412
|
62,424
|
90,469
|
1,548,519
|
Fee Simple
|
|||||
Property
|
3.03
|
Manati Centro Plaza
|
12/31/2009
|
2,612,176
|
686,560
|
1,925,616
|
1,974,274
|
2,560,971
|
800,464
|
1,760,507
|
35,362
|
51,248
|
1,673,897
|
Fee Simple
|
|||||
Property
|
3.04
|
University Plaza
|
12/31/2009
|
1,206,517
|
366,521
|
839,996
|
925,696
|
1,290,364
|
427,732
|
862,632
|
19,502
|
28,263
|
814,867
|
Fee Simple
|
|||||
Loan
|
4
|
Hartman Portfolio (22)
|
12/31/2009
|
21,041,517
|
12,206,681
|
8,834,836
|
12.5%
|
10.3%
|
24,165,962
|
18,117,011
|
11,042,844
|
7,074,166
|
327,766
|
904,455
|
5,841,945
|
Fee Simple
|
|||
Property
|
4.01
|
Westheimer Central Plaza
|
12/31/2009
|
3,222,807
|
1,592,789
|
1,630,019
|
3,526,278
|
2,560,351
|
1,571,364
|
988,987
|
36,501
|
135,717
|
816,768
|
Fee Simple
|
|||||
Property
|
4.02
|
The Preserve
|
12/31/2009
|
2,325,474
|
1,914,916
|
410,558
|
3,041,991
|
2,404,095
|
1,437,932
|
966,163
|
43,738
|
126,934
|
795,492
|
Fee Simple
|
|||||
Property
|
4.03
|
North Central Plaza
|
12/31/2009
|
2,640,581
|
1,440,361
|
1,200,221
|
3,410,112
|
2,771,049
|
1,567,246
|
1,203,803
|
39,675
|
122,782
|
1,041,346
|
Fee Simple
|
|||||
Property
|
4.04
|
Walzem Plaza
|
12/31/2009
|
1,427,397
|
633,308
|
794,089
|
1,735,136
|
1,728,638
|
652,742
|
1,075,896
|
36,543
|
89,634
|
949,720
|
Fee Simple
|
|||||
Property
|
4.05
|
3100 Timmons Lane
|
12/31/2009
|
1,821,098
|
984,063
|
837,035
|
2,062,196
|
1,991,020
|
923,750
|
1,067,271
|
22,253
|
113,324
|
931,693
|
Fee Simple
|
|||||
Property
|
4.06
|
One Mason Plaza
|
12/31/2009
|
921,588
|
493,706
|
427,882
|
1,100,966
|
1,118,934
|
365,201
|
753,732
|
15,037
|
46,239
|
692,457
|
Fee Simple
|
|||||
Property
|
4.07
|
Northbelt Atrium I
|
12/31/2009
|
1,885,929
|
908,207
|
977,722
|
1,717,075
|
990,253
|
843,136
|
147,117
|
23,692
|
40,254
|
83,170
|
Fee Simple
|
|||||
Property
|
4.08
|
Park Central
|
12/31/2009
|
1,390,017
|
995,335
|
394,682
|
1,976,822
|
1,766,035
|
1,033,514
|
732,521
|
25,583
|
86,328
|
620,610
|
Fee Simple
|
|||||
Property
|
4.09
|
Northbelt Atrium II
|
12/31/2009
|
1,854,325
|
938,951
|
915,374
|
1,708,405
|
275,284
|
718,545
|
-443,261
|
21,335
|
11,869
|
-476,465
|
Fee Simple
|
|||||
Property
|
4.10
|
11811 North Freeway
|
12/31/2009
|
1,889,006
|
1,342,218
|
546,788
|
2,010,347
|
1,034,304
|
1,048,532
|
-14,228
|
31,272
|
51,233
|
-96,734
|
Fee Simple
|
|||||
Property
|
4.11
|
Tower Pavilion
|
12/31/2009
|
1,232,264
|
744,957
|
487,307
|
1,236,937
|
1,020,418
|
679,333
|
341,086
|
17,518
|
57,006
|
266,562
|
Fee Simple
|
|||||
Property
|
4.12
|
Central Park Business Center
|
12/31/2009
|
431,030
|
217,870
|
213,160
|
639,695
|
456,630
|
201,549
|
255,080
|
14,620
|
23,135
|
217,326
|
Fee Simple
|
|||||
Loan
|
5
|
180 Peachtree Street
|
12/31/2009
|
9,154,538
|
3,516,392
|
5,638,145
|
12.4%
|
11.6%
|
6,932,543
|
11,882,895
|
5,099,926
|
6,782,969
|
129,162
|
301,256
|
6,352,551
|
Fee Simple/Leasehold
|
12/31/2055
|
||
Loan
|
6
|
Hampshire Multifamily Portfolio
|
12/31/2009
|
13,084,777
|
7,121,623
|
5,963,154
|
10.9%
|
9.6%
|
13,982,318
|
13,890,410
|
7,893,009
|
5,997,401
|
710,990
|
5,286,411
|
Fee Simple
|
||||
Property
|
6.01
|
Westlake Apartments
|
12/31/2009
|
7,787,288
|
4,299,518
|
3,487,770
|
8,231,376
|
8,208,882
|
4,699,802
|
3,509,080
|
430,872
|
3,078,208
|
Fee Simple
|
||||||
Property
|
6.02
|
Woods Edge Apartments
|
12/31/2009
|
1,359,932
|
668,991
|
690,942
|
1,483,836
|
1,478,843
|
709,830
|
769,013
|
61,560
|
707,453
|
Fee Simple
|
||||||
Property
|
6.03
|
Wind Drift Apartments
|
12/31/2009
|
1,181,430
|
577,430
|
604,000
|
1,270,500
|
1,259,092
|
657,784
|
601,308
|
71,546
|
529,762
|
Fee Simple
|
||||||
Property
|
6.04
|
Riverwood Apartments
|
12/31/2009
|
1,022,009
|
551,682
|
470,327
|
1,136,076
|
1,086,448
|
641,017
|
445,431
|
50,280
|
395,151
|
Fee Simple
|
||||||
Property
|
6.05
|
Spyglass Apartments
|
12/31/2009
|
934,429
|
488,307
|
446,122
|
1,014,811
|
991,878
|
574,516
|
417,362
|
51,120
|
366,242
|
Fee Simple
|
||||||
Property
|
6.06
|
Villa Nova Apartments
|
12/31/2009
|
799,689
|
535,695
|
263,994
|
845,720
|
865,268
|
610,060
|
255,209
|
45,612
|
209,597
|
Fee Simple
|
||||||
Loan
|
7
|
Alamance Crossing
|
12/31/2009
|
7,561,761
|
1,878,099
|
5,683,662
|
10.2%
|
9.6%
|
7,224,709
|
7,315,718
|
2,146,443
|
5,169,275
|
91,398
|
220,527
|
4,857,350
|
Fee Simple
|
|||
Loan
|
8
|
Brea Plaza Shopping Center
|
9.6%
|
9.1%
|
4,415,588
|
6,091,001
|
1,929,875
|
4,161,126
|
33,067
|
184,445
|
3,943,614
|
Fee Simple/Leasehold
|
10/31/2040
|
||||||
Loan
|
9
|
Rio Apartments
|
12/31/2009
|
3,319,080
|
1,281,123
|
2,037,957
|
11.5%
|
11.0%
|
3,726,876
|
3,614,032
|
1,477,948
|
2,136,084
|
102,900
|
2,033,184
|
Fee Simple
|
||||
Loan
|
10
|
Treetop Apartments
|
12/31/2009
|
2,718,528
|
1,014,627
|
1,703,901
|
11.5%
|
11.0%
|
3,148,572
|
3,076,618
|
1,233,794
|
1,842,825
|
92,050
|
1,750,775
|
Fee Simple
|
||||
Loan
|
11
|
Piatt Place (23)
|
T-12 10/31/2009
|
1,018,729
|
794,537
|
224,192
|
10.2%
|
9.9%
|
3,251,322
|
5,578,027
|
2,173,320
|
3,404,707
|
44,431
|
50,378
|
3,309,898
|
Fee Simple
|
|||
Loan
|
12
|
Susquehanna Valley Mall
|
12/31/2009
|
8,070,990
|
3,519,216
|
4,551,774
|
15.8%
|
14.2%
|
6,360,779
|
8,046,610
|
3,648,135
|
4,398,476
|
226,103
|
207,555
|
3,964,818
|
Fee Simple
|
|
||
Loan
|
13
|
Vernola Marketplace
|
12/31/2009
|
5,077,051
|
1,448,827
|
3,628,225
|
13.0%
|
12.0%
|
4,491,379
|
4,859,119
|
1,790,296
|
3,068,823
|
52,741
|
179,141
|
2,836,941
|
Fee Simple
|
|||
Loan
|
14
|
GRM Portfolio
|
11.9%
|
10.7%
|
2,816,055
|
3,886,526
|
1,501,677
|
2,384,849
|
91,145
|
151,394
|
2,142,310
|
Fee Simple
|
|||||||
Property
|
14.01
|
10310 Harwin Drive
|
Fee Simple
|
||||||||||||||||
Property
|
14.02
|
Chicago Building
|
Fee Simple
|
||||||||||||||||
Loan
|
15
|
Evergreen Portfolio
|
12/31/2009
|
2,771,339
|
1,035,386
|
1,735,953
|
10.5%
|
10.3%
|
3,053,496
|
2,843,633
|
1,057,669
|
1,785,964
|
37,073
|
1,748,891
|
Fee Simple
|
||||
Property
|
15.01
|
Yorktowne MHP
|
12/31/2009
|
1,806,001
|
588,187
|
1,217,814
|
2,004,420
|
1,813,328
|
590,372
|
1,222,956
|
20,178
|
1,202,778
|
Fee Simple
|
||||||
Property
|
15.02
|
Pondarosa MHP
|
12/31/2009
|
540,084
|
266,226
|
273,858
|
653,496
|
604,048
|
286,728
|
317,320
|
7,300
|
310,020
|
Fee Simple
|
||||||
Property
|
15.03
|
Vance MHP
|
12/31/2009
|
425,254
|
180,973
|
244,281
|
395,580
|
426,257
|
180,569
|
245,688
|
9,595
|
236,093
|
Fee Simple
|
||||||
Loan
|
16
|
Healdsburg Hotel
|
12/31/2009
|
9,385,952
|
7,754,235
|
1,631,717
|
13.4%
|
11.0%
|
4,816,544
|
10,203,179
|
7,941,264
|
2,261,915
|
408,127
|
1,853,788
|
Fee Simple
|
||||
Loan
|
17
|
Montebello Town Square
|
12/31/2009
|
4,212,269
|
1,016,907
|
3,195,362
|
20.1%
|
19.1%
|
3,617,220
|
4,294,855
|
1,075,856
|
3,219,000
|
40,238
|
131,819
|
3,046,942
|
Fee Simple
|
|||
Loan
|
18
|
Plaza del Sol
|
12/31/2009
|
2,555,639
|
1,176,693
|
1,378,946
|
11.9%
|
10.5%
|
2,442,474
|
3,000,784
|
1,126,746
|
1,874,038
|
81,764
|
135,797
|
1,656,476
|
Fee Simple
|
|||
Loan
|
19
|
Holiday Village
|
12/31/2009
|
2,995,541
|
1,079,084
|
1,916,457
|
12.7%
|
12.6%
|
2,897,904
|
3,079,385
|
1,109,885
|
1,969,500
|
24,750
|
1,944,750
|
Fee Simple
|
||||
Loan
|
20
|
Bear Creek Plaza
|
12/31/2009
|
1,922,507
|
451,748
|
1,470,759
|
10.8%
|
9.5%
|
1,807,354
|
2,181,952
|
525,002
|
1,656,950
|
27,870
|
175,255
|
1,453,825
|
Fee Simple
|
|||
Loan
|
21
|
BB&T Headquarters Building (21)
|
12/31/2009
|
4,699,988
|
1,683,549
|
3,016,439
|
17.2%
|
16.2%
|
4,190,452
|
4,366,595
|
1,725,722
|
2,640,873
|
71,956
|
90,254
|
2,478,662
|
Fee Simple
|
|||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
12/31/2009
|
2,216,216
|
525,844
|
1,690,372
|
11.3%
|
10.7%
|
1,853,896
|
2,255,600
|
639,271
|
1,616,330
|
14,353
|
60,583
|
1,541,393
|
Fee Simple
|
|||
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
12/31/2009
|
1,346,400
|
1,346,400
|
10.3%
|
10.3%
|
1,400,795
|
1,400,795
|
1,400,795
|
1,400,795
|
Fee Simple
|
|||||||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
12/31/2009
|
1,958,779
|
620,977
|
1,337,802
|
12.1%
|
11.4%
|
1,640,989
|
1,965,455
|
633,459
|
1,331,996
|
14,854
|
55,520
|
1,261,622
|
Fee Simple
|
|||
Loan
|
25
|
Southwood Manor MHC
|
12/31/2009
|
2,036,156
|
967,883
|
1,068,273
|
10.1%
|
9.9%
|
2,126,700
|
2,057,289
|
950,479
|
1,106,810
|
20,850
|
1,085,960
|
Fee Simple
|
||||
Loan
|
26
|
BJ's Wholesale Pittsfield
|
9.3%
|
9.3%
|
1,064,850
|
1,043,553
|
16,817
|
1,026,736
|
8,519
|
1,018,218
|
Fee Simple
|
||||||||
Loan
|
27
|
Penland Park MHC
|
12/31/2009
|
1,784,663
|
695,987
|
1,088,676
|
10.6%
|
10.4%
|
1,997,904
|
1,848,140
|
687,376
|
1,160,764
|
19,450
|
1,141,314
|
Fee Simple
|
||||
Loan
|
28
|
Eagle Crest MHC
|
12/31/2009
|
1,662,559
|
624,659
|
1,037,900
|
9.8%
|
9.7%
|
1,746,540
|
1,720,713
|
670,180
|
1,050,533
|
13,650
|
1,036,883
|
Fee Simple
|
||||
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
12/31/2009
|
1,741,025
|
483,678
|
1,257,347
|
10.3%
|
9.2%
|
1,302,582
|
1,602,625
|
532,221
|
1,070,404
|
20,181
|
93,383
|
956,841
|
Fee Simple
|
|||
Loan
|
30
|
Hickory Glen Apartments
|
12/31/2009
|
2,926,730
|
1,611,471
|
1,315,259
|
10.8%
|
10.4%
|
2,898,000
|
2,680,984
|
1,706,597
|
974,387
|
38,700
|
935,687
|
Fee Simple
|
||||
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
12.8%
|
11.7%
|
2,477,119
|
2,477,119
|
1,324,439
|
1,152,680
|
99,085
|
1,053,596
|
Fee Simple
|
||||||||
Loan
|
32
|
Staybridge Suites SeaWorld
|
12.9%
|
11.6%
|
2,781,833
|
2,808,087
|
1,656,836
|
1,151,251
|
112,323
|
1,038,928
|
Fee Simple
|
||||||||
Loan
|
33
|
Boulevard Estates MHC
|
12/31/2009
|
1,353,895
|
605,829
|
748,066
|
9.8%
|
9.6%
|
1,646,691
|
1,508,770
|
718,528
|
790,242
|
14,350
|
775,892
|
Fee Simple
|
||||
Loan
|
34
|
Northcross & Victoria
|
12/31/2009
|
1,321,197
|
813,378
|
507,819
|
13.5%
|
11.6%
|
1,684,664
|
1,572,669
|
531,744
|
1,040,925
|
40,818
|
108,926
|
891,180
|
Fee Simple
|
|||
Loan
|
35
|
Hampton Inn & Suites
|
12/31/2009
|
2,995,462
|
1,611,369
|
1,384,093
|
17.5%
|
15.9%
|
3,007,998
|
3,050,707
|
1,707,514
|
1,343,193
|
122,028
|
1,221,164
|
Fee Simple
|
||||
Loan
|
36
|
Westchester I Office
|
12/31/2009
|
896,571
|
305,348
|
591,223
|
10.2%
|
9.3%
|
1,261,397
|
1,103,409
|
324,905
|
778,504
|
11,413
|
57,136
|
709,955
|
Fee Simple
|
|||
Loan
|
37
|
Marina Towers
|
12/31/2009
|
1,033,919
|
460,369
|
573,550
|
10.7%
|
9.6%
|
1,388,936
|
1,273,720
|
469,204
|
804,516
|
19,065
|
64,612
|
720,839
|
Fee Simple
|
|||
Loan
|
38
|
Spalding Building
|
12/31/2009
|
1,361,402
|
664,339
|
697,063
|
12.6%
|
10.5%
|
1,855,955
|
1,668,036
|
727,547
|
940,489
|
31,871
|
124,342
|
784,276
|
Fee Simple
|
|||
Loan
|
39
|
Addison Place North
|
12/31/2009
|
1,048,359
|
265,830
|
782,529
|
10.8%
|
10.4%
|
874,410
|
1,047,438
|
297,794
|
749,644
|
6,000
|
24,000
|
719,644
|
Fee Simple
|
|||
Loan
|
40
|
Hotel Provincial
|
12/31/2009
|
3,219,373
|
2,317,905
|
901,468
|
17.1%
|
14.9%
|
3,335,908
|
3,839,218
|
2,654,756
|
1,184,462
|
153,569
|
1,030,893
|
Fee Simple
|
||||
Loan
|
41
|
Alrig Portfolio
|
12.4%
|
10.0%
|
1,826,001
|
1,702,290
|
859,183
|
843,107
|
37,171
|
124,520
|
681,415
|
Fee Simple
|
|||||||
Property
|
41.01
|
Bloomfield Office Pavilion
|
910,030
|
840,567
|
394,670
|
445,897
|
21,901
|
63,224
|
360,772
|
Fee Simple
|
|||||||||
Property
|
41.02
|
Willow Office Center
|
578,958
|
524,099
|
258,240
|
265,859
|
10,035
|
38,626
|
217,198
|
Fee Simple
|
|||||||||
Property
|
41.03
|
Cady Office Centre
|
337,014
|
337,624
|
206,274
|
131,350
|
5,235
|
22,670
|
103,445
|
Fee Simple
|
|||||||||
Loan
|
42
|
Wood Forest Apartments
|
12/31/2009
|
1,329,607
|
723,006
|
606,601
|
11.7%
|
11.1%
|
1,461,960
|
1,693,372
|
900,947
|
792,425
|
38,000
|
754,425
|
Fee Simple
|
||||
Loan
|
43
|
Fox Hunt Apartments
|
12/31/2009
|
1,305,238
|
830,711
|
474,527
|
14.0%
|
12.0%
|
1,642,390
|
1,539,101
|
971,916
|
567,185
|
81,000
|
486,185
|
Fee Simple
|
Ground Lease
|
Lease
|
Lease
|
Lease
|
||||||||||
Property Flag
|
ID
|
Property Name
|
Extension Terms (13)
|
Largest Tenant (14)
|
SF
|
Expiration (16)
|
2nd Largest Tenant (14)(15)
|
SF (17)
|
Expiration (16)
|
3rd Largest Tenant (14)(15)
|
SF (17)
|
Expiration (16)
|
|
Loan
|
1
|
Square One Mall
|
Dick's Clothing & Sporting Goods
|
68,500
|
01/31/2023
|
Best Buy
|
60,000
|
02/28/2013
|
T.J. Maxx & More
|
58,075
|
01/31/2014
|
||
Loan
|
2
|
Union Square Retail
|
None
|
Regal Cinemas
|
118,779
|
04/30/2023
|
Best Buy
|
46,088
|
01/31/2025
|
Nordstrom Rack
|
32,136
|
05/31/2020
|
|
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
|||||||||||
Property
|
3.01
|
Plaza Los Prados
|
Capri
|
35,114
|
07/31/2027
|
Selectos
|
32,081
|
03/31/2027
|
Walgreens
|
15,660
|
05/31/2036
|
||
Property
|
3.02
|
Juncos Plaza
|
Supermercado Amigo
|
30,046
|
11/30/2018
|
Capri
|
25,789
|
01/31/2015
|
National Lumber & Hardware
|
21,680
|
06/30/2014
|
||
Property
|
3.03
|
Manati Centro Plaza
|
Capri
|
30,000
|
10/31/2016
|
Marshall's
|
29,500
|
01/31/2017
|
Gatsby
|
14,512
|
03/31/2017
|
||
Property
|
3.04
|
University Plaza
|
PITUSA (Todo a Peso)
|
35,000
|
12/31/2019
|
Gatsby
|
13,248
|
02/28/2015
|
AT&T Mobility
|
3,473
|
10/31/2012
|
||
Loan
|
4
|
Hartman Portfolio (22)
|
|||||||||||
Property
|
4.01
|
Westheimer Central Plaza
|
F.E.S. Management
|
20,565
|
MTM
|
Lifestyles Unlimited, Inc.
|
13,750
|
11/30/2017
|
Triple Point Technology, Inc.
|
9,966
|
09/30/2014
|
||
Property
|
4.02
|
The Preserve
|
General Welding Works
|
9,932
|
02/28/2013
|
Pacific Industrial Contractor Screening
|
6,517
|
09/30/2015
|
The Reyna Group
|
6,450
|
08/31/2016
|
||
Property
|
4.03
|
North Central Plaza
|
Allied Interstate, Inc. d/b/a Iqor, Inc.
|
14,165
|
07/31/2014
|
Pyke & Pyke, P.C.
|
10,898
|
10/31/2012
|
Prosperity Bank
|
10,504
|
10/31/2012
|
||
Property
|
4.04
|
Walzem Plaza
|
Fallas Paredes / J & M Sales
|
25,000
|
07/31/2018
|
Harbor Freight Tools
|
18,125
|
01/31/2017
|
99 Cent Only Store
|
17,961
|
01/31/2017
|
||
Property
|
4.05
|
3100 Timmons Lane
|
The Methodist Hospital
|
9,835
|
07/31/2016
|
Techcess Solutions, Inc.
|
7,814
|
01/31/2015
|
RWS Architects, Inc.
|
7,374
|
03/31/2013
|
||
Property
|
4.06
|
One Mason Plaza
|
El Mene, Inc. d/b/a Einstein's Pub
|
7,220
|
01/31/2017
|
Katy Quilt N' Sew, Inc.
|
6,280
|
12/31/2013
|
Alsafa Imports, Inc.
|
5,000
|
05/31/2019
|
||
Property
|
4.07
|
Northbelt Atrium I
|
Harris County Sheriff's Department
|
27,303
|
06/30/2020
|
Tradenet Enterprise, Inc.
|
5,080
|
MTM
|
Alhlers & Stoll P.C.
|
3,660
|
11/30/2015
|
||
Property
|
4.08
|
Park Central
|
Alon USA Energy, Inc.
|
41,969
|
12/31/2012
|
Always Home Health Services, Inc.
|
6,596
|
08/31/2017
|
Saturn Learning Solutions
|
6,263
|
05/31/2012
|
||
Property
|
4.09
|
Northbelt Atrium II
|
Leschaco Inc.
|
7,882
|
08/31/2016
|
USA - General Services Administration
|
3,716
|
09/14/2016
|
Mothers Against Drunk Driving
|
3,044
|
02/28/2014
|
||
Property
|
4.10
|
11811 North Freeway
|
Meridian Business Centers SW Partners LP
|
17,300
|
11/30/2013
|
Wisco Inc.
|
10,021
|
03/31/2013
|
Naca Logistics
|
6,027
|
08/31/2016
|
||
Property
|
4.11
|
Tower Pavilion
|
Hartman Management
|
8,264
|
12/31/2020
|
Unity Church
|
8,166
|
05/31/2012
|
Busby & Associates
|
6,424
|
11/30/2015
|
||
Property
|
4.12
|
Central Park Business Center
|
Sipera Systems, Inc.
|
16,726
|
01/31/2017
|
Adolfson & Peterson
|
15,930
|
03/31/2013
|
USA Signal Technology, LLC
|
7,120
|
06/30/2013
|
||
Loan
|
5
|
180 Peachtree Street
|
1, 40 year option
|
Level 3 Communications
|
158,073
|
05/31/2021
|
Equinix
|
83,473
|
11/30/2023
|
City of Atlanta
|
54,485
|
06/30/2037
|
|
Loan
|
6
|
Hampshire Multifamily Portfolio
|
|||||||||||
Property
|
6.01
|
Westlake Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Property
|
6.02
|
Woods Edge Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Property
|
6.03
|
Wind Drift Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Property
|
6.04
|
Riverwood Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Property
|
6.05
|
Spyglass Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Property
|
6.06
|
Villa Nova Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
7
|
Alamance Crossing
|
Belk
|
96,485
|
10/16/2027
|
Hobby Lobby
|
52,500
|
05/31/2024
|
Carousel Cinemas
|
52,000
|
06/30/2028
|
||
Loan
|
8
|
Brea Plaza Shopping Center
|
2, 10 year option
|
Tristone Cinemas
|
18,450
|
07/31/2020
|
Total Wines
|
18,013
|
06/30/2020
|
DSW
|
17,450
|
08/31/2022
|
|
Loan
|
9
|
Rio Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
10
|
Treetop Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
11
|
Piatt Place (23)
|
Commonwealth of PA - Department of General Services
|
165,500
|
12/31/2029
|
University of Phoenix
|
15,182
|
12/31/2018
|
The Capital Grille
|
10,533
|
08/31/2017
|
||
Loan
|
12
|
Susquehanna Valley Mall
|
|
Boscov's Department Store
|
156,471
|
04/30/2023
|
Bon-Ton
|
90,000
|
01/31/2014
|
JCPenney
|
68,100
|
11/30/2015
|
|
Loan
|
13
|
Vernola Marketplace
|
Ross Stores
|
30,146
|
01/31/2018
|
Bed Bath & Beyond
|
29,984
|
01/31/2018
|
Michael's Stores
|
21,360
|
10/31/2017
|
||
Loan
|
14
|
GRM Portfolio
|
|||||||||||
Property
|
14.01
|
10310 Harwin Drive
|
GRM
|
173,095
|
01/31/2027
|
Iron Mountain
|
138,391
|
06/30/2016
|
NAP
|
NAP
|
NAP
|
||
Property
|
14.02
|
Chicago Building
|
GRM
|
296,147
|
01/31/2027
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
15
|
Evergreen Portfolio
|
|||||||||||
Property
|
15.01
|
Yorktowne MHP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Property
|
15.02
|
Pondarosa MHP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Property
|
15.03
|
Vance MHP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
16
|
Healdsburg Hotel
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
17
|
Montebello Town Square
|
Sears
|
105,000
|
02/17/2017
|
Toys "R" Us
|
46,270
|
01/31/2018
|
AMC Theatres
|
39,263
|
11/30/2012
|
||
Loan
|
18
|
Plaza del Sol
|
JCPenney
|
57,463
|
08/31/2019
|
Bealls
|
36,258
|
03/31/2014
|
Ross Stores
|
30,307
|
01/31/2016
|
||
Loan
|
19
|
Holiday Village
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
20
|
Bear Creek Plaza
|
Bi-Mart
|
30,000
|
08/09/2017
|
T.J. Maxx
|
28,269
|
01/31/2022
|
Big Lots
|
25,570
|
01/31/2013
|
||
Loan
|
21
|
BB&T Headquarters Building (21)
|
BB&T
|
219,261
|
03/31/2023
|
Piedmont Club
|
13,762
|
03/31/2017
|
Chicago Title Insurance Company
|
4,212
|
09/30/2012
|
||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
JPMorgan Chase Bank
|
7,130
|
08/31/2021
|
Bank of America
|
4,000
|
05/31/2012
|
Cafe 56
|
3,925
|
10/31/2020
|
||
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
Kahoots
|
5,500
|
04/30/2017
|
Bertrand's Music Mart
|
5,500
|
01/31/2016
|
Union Bank
|
5,040
|
04/30/2021
|
||
Loan
|
25
|
Southwood Manor MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
26
|
BJ's Wholesale Pittsfield
|
BJ's Wholesale Club, Inc.
|
85,188
|
10/29/2031
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
27
|
Penland Park MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
28
|
Eagle Crest MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
Home Depot
|
140,000
|
01/31/2037
|
Dick's Sporting Goods
|
45,000
|
01/31/2018
|
Famous Labels
|
20,311
|
05/01/2017
|
||
Loan
|
30
|
Hickory Glen Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
32
|
Staybridge Suites SeaWorld
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
33
|
Boulevard Estates MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
34
|
Northcross & Victoria
|
Stimson & Son's, Inc. (d/b/a Ashley Furniture)
|
35,000
|
05/31/2019
|
J&M Sales of Texas, LLC (d/b/a Fallas)
|
30,000
|
03/27/2016
|
Office Depot
|
21,965
|
12/31/2015
|
||
Loan
|
35
|
Hampton Inn & Suites
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
36
|
Westchester I Office
|
Balzer & Associates
|
12,530
|
12/31/2021
|
Main Street Homes
|
10,929
|
12/31/2021
|
The Rebkee Company
|
8,178
|
12/31/2021
|
||
Loan
|
37
|
Marina Towers
|
Modus Operandi, Inc
|
14,533
|
03/31/2014
|
Gary M. Weiss, MD, P.A.
|
13,796
|
04/30/2017
|
Support Systems Associates, Inc.
|
13,248
|
09/01/2012
|
||
Loan
|
38
|
Spalding Building
|
Premier Source, LLC
|
13,321
|
11/30/2013
|
The Aldrich Law Office, PC
|
7,701
|
09/30/2013
|
Integral Consulting, Inc.
|
5,379
|
09/30/2013
|
||
Loan
|
39
|
Addison Place North
|
Henry's
|
4,900
|
12/22/2020
|
Twice Upon a Bagel
|
3,150
|
12/13/2020
|
Hair by Scott & Co.
|
3,150
|
12/13/2020
|
||
Loan
|
40
|
Hotel Provincial
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
41
|
Alrig Portfolio
|
|||||||||||
Property
|
41.01
|
Bloomfield Office Pavilion
|
Princeton Management, LLC
|
15,522
|
04/30/2016
|
Oakland Psychological Clinic
|
6,100
|
12/31/2013
|
Vision Specialists of Michigan, LLC
|
4,110
|
12/31/2018
|
||
Property
|
41.02
|
Willow Office Center
|
Syntel, Inc
|
6,430
|
08/31/2015
|
Loancraft, LLC
|
4,439
|
07/31/2016
|
Cornerstone Benefit Plans, Inc.
|
3,077
|
07/31/2017
|
||
Property
|
41.03
|
Cady Office Centre
|
CB Weir Manuel
|
8,884
|
01/31/2017
|
The Accounting Office
|
3,000
|
12/31/2018
|
Gregory Barber
|
2,728
|
01/31/2019
|
||
Loan
|
42
|
Wood Forest Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
||
Loan
|
43
|
Fox Hunt Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
Upfront
|
|||||||||||||
Lease
|
Lease
|
Occupancy
|
Replacement
|
||||||||||
Property Flag
|
ID
|
Property Name
|
4th Largest Tenant
|
SF (17)
|
Expiration (16)
|
5th Largest Tenant (14)(15)
|
SF (17)
|
Expiration (16)
|
Occupancy (14)(15)(17)
|
As-of Date
|
Reserves($)
|
||
Loan
|
1
|
Square One Mall
|
Old Navy
|
18,800
|
05/31/2021
|
Gap
|
11,977
|
MTM
|
90.0%
|
12/01/2011
|
|||
Loan
|
2
|
Union Square Retail
|
Duane Reade
|
13,947
|
09/30/2030
|
Citibank, N.A.
|
9,755
|
03/31/2020
|
100.0%
|
11/30/2011
|
|||
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
88.5%
|
01/05/2012
|
|||||||||
Property
|
3.01
|
Plaza Los Prados
|
Almancenes Colon
|
6,560
|
10/31/2015
|
Kress
|
5,000
|
05/31/2017
|
94.5%
|
01/05/2012
|
|||
Property
|
3.02
|
Juncos Plaza
|
Pep Boys
|
19,674
|
12/31/2018
|
Atlantis Healthcare Group PR
|
7,080
|
09/30/2021
|
76.3%
|
01/05/2012
|
|||
Property
|
3.03
|
Manati Centro Plaza
|
La Nueva Era
|
4,340
|
09/30/2015
|
Rent-A-Center
|
4,340
|
05/31/2017
|
95.3%
|
01/05/2012
|
|||
Property
|
3.04
|
University Plaza
|
Rent-A-Center
|
2,909
|
02/28/2014
|
Claro
|
1,843
|
01/31/2017
|
100.0%
|
01/05/2012
|
|||
Loan
|
4
|
Hartman Portfolio (22)
|
70.5%
|
11/14/2011
|
|||||||||
Property
|
4.01
|
Westheimer Central Plaza
|
Riverstone Resident Group
|
6,166
|
06/30/2012
|
CHK Directional Drilling
|
6,084
|
07/31/2012
|
71.2%
|
11/14/2011
|
|||
Property
|
4.02
|
The Preserve
|
Direct Marketing Network, Inc.
|
6,339
|
04/30/2012
|
Dr. Gerald Maness
|
5,963
|
11/30/2016
|
78.3%
|
11/14/2011
|
|||
Property
|
4.03
|
North Central Plaza
|
Vendere Partners Ltd.
|
9,441
|
10/31/2015
|
Muscular Dystrophy Association, Inc.
|
8,725
|
08/31/2015
|
75.7%
|
11/14/2011
|
|||
Property
|
4.04
|
Walzem Plaza
|
Citi Trends, Inc.
|
12,000
|
03/31/2014
|
Javco / Firehouse Tavern
|
5,968
|
08/31/2015
|
79.9%
|
11/14/2011
|
|||
Property
|
4.05
|
3100 Timmons Lane
|
Southwest Energy, LP
|
6,374
|
10/31/2015
|
K. Renee Salon
|
5,886
|
09/30/2016
|
94.6%
|
11/14/2011
|
|||
Property
|
4.06
|
One Mason Plaza
|
Hao Cheng d/b/a Shaolin Martial Arts
|
4,251
|
01/15/2013
|
Cici's Pizza
|
4,201
|
03/31/2013
|
82.1%
|
11/14/2011
|
|||
Property
|
4.07
|
Northbelt Atrium I
|
Select Medical Corp. / Healthsouth
|
3,644
|
06/30/2015
|
Pennsylvania Life Insurance Company
|
3,388
|
04/30/2014
|
57.5%
|
11/14/2011
|
|||
Property
|
4.08
|
Park Central
|
Risk Management
|
5,874
|
08/31/2013
|
Nucor Vulcraft Group
|
4,745
|
06/30/2020
|
85.4%
|
11/14/2011
|
|||
Property
|
4.09
|
Northbelt Atrium II
|
Air-Sea Forwarders, Inc.
|
2,485
|
08/31/2014
|
NAP
|
NAP
|
NAP
|
16.1%
|
11/14/2011
|
|||
Property
|
4.10
|
11811 North Freeway
|
American Realty Inv./Fidinam Inv.
|
4,855
|
06/30/2016
|
Radiology Facilities Co.
|
3,567
|
04/30/2015
|
50.9%
|
11/14/2011
|
|||
Property
|
4.11
|
Tower Pavilion
|
Insurepointe of Texas, Inc.
|
5,727
|
06/30/2014
|
Best Dental Care, Inc.
|
3,279
|
02/28/2016
|
80.8%
|
11/14/2011
|
|||
Property
|
4.12
|
Central Park Business Center
|
Lutheran Social Services of the South
|
4,289
|
12/31/2015
|
Print City, LLC
|
2,518
|
MTM
|
63.7%
|
11/14/2011
|
|||
Loan
|
5
|
180 Peachtree Street
|
Stanley Beaman Sears
|
24,728
|
01/31/2016
|
Time Warner Telecom
|
17,704
|
06/30/2016
|
100.0%
|
12/22/2011
|
|||
Loan
|
6
|
Hampshire Multifamily Portfolio
|
93.8%
|
Various
|
|||||||||
Property
|
6.01
|
Westlake Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
93.6%
|
10/17/2011
|
|||
Property
|
6.02
|
Woods Edge Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
98.9%
|
10/06/2011
|
|||
Property
|
6.03
|
Wind Drift Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
92.8%
|
10/17/2011
|
|||
Property
|
6.04
|
Riverwood Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
90.8%
|
09/26/2011
|
|||
Property
|
6.05
|
Spyglass Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
95.0%
|
10/06/2011
|
|||
Property
|
6.06
|
Villa Nova Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
91.3%
|
10/06/2011
|
|||
Loan
|
7
|
Alamance Crossing
|
Barnes & Noble
|
26,848
|
07/31/2017
|
Victoria's Secret
|
8,090
|
01/31/2018
|
84.3%
|
11/23/2011
|
|||
Loan
|
8
|
Brea Plaza Shopping Center
|
Mother's Market
|
13,006
|
08/31/2031
|
Lucille's Smokehouse
|
11,829
|
03/30/2013
|
98.0%
|
01/04/2012
|
|||
Loan
|
9
|
Rio Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
98.0%
|
11/28/2011
|
|||
Loan
|
10
|
Treetop Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
97.7%
|
11/28/2011
|
|||
Loan
|
11
|
Piatt Place (23)
|
McCormick & Schmick
|
8,918
|
04/30/2018
|
Izzazu, Inc.
|
3,874
|
02/28/2026
|
93.8%
|
02/01/2012
|
3,132
|
||
Loan
|
12
|
Susquehanna Valley Mall
|
Weis Markets
|
52,532
|
11/30/2013
|
Cinema Center
|
40,000
|
02/28/2022
|
94.7%
|
12/31/2011
|
|||
Loan
|
13
|
Vernola Marketplace
|
Petco
|
15,000
|
01/31/2018
|
Fitness 19
|
9,760
|
03/31/2021
|
82.9%
|
10/31/2011
|
|||
Loan
|
14
|
GRM Portfolio
|
100.0%
|
01/19/2012
|
|||||||||
Property
|
14.01
|
10310 Harwin Drive
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
100.0%
|
01/19/2012
|
|||
Property
|
14.02
|
Chicago Building
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
100.0%
|
01/19/2012
|
|||
Loan
|
15
|
Evergreen Portfolio
|
84.9%
|
11/01/2011
|
|||||||||
Property
|
15.01
|
Yorktowne MHP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
79.4%
|
11/01/2011
|
|||
Property
|
15.02
|
Pondarosa MHP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
93.2%
|
11/01/2011
|
|||
Property
|
15.03
|
Vance MHP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
92.6%
|
11/01/2011
|
|||
Loan
|
16
|
Healdsburg Hotel
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
70.2%
|
10/31/2011
|
|
||
Loan
|
17
|
Montebello Town Square
|
Petco
|
20,000
|
11/30/2022
|
AAA Auto Club
|
7,550
|
09/30/2015
|
98.5%
|
02/02/2012
|
|||
Loan
|
18
|
Plaza del Sol
|
Marshall's
|
30,036
|
10/31/2021
|
Cinemark USA, Inc.
|
24,814
|
11/30/2016
|
99.6%
|
12/01/2011
|
|||
Loan
|
19
|
Holiday Village
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
88.3%
|
11/01/2011
|
|||
Loan
|
20
|
Bear Creek Plaza
|
Dollar Tree
|
18,708
|
02/28/2021
|
Boot Barn
|
9,000
|
10/17/2021
|
92.9%
|
01/01/2012
|
80,000
|
||
Loan
|
21
|
BB&T Headquarters Building (21)
|
Parkway Realty Services, LLC
|
2,619
|
01/31/2013
|
NAP
|
NAP
|
NAP
|
100.0%
|
12/01/2011
|
750,000
|
||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
Elam's Hallmark
|
3,200
|
08/31/2012
|
Jack in the Box
|
3,000
|
12/31/2012
|
96.9%
|
09/30/2011
|
|||
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
100.0%
|
NAP
|
|||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
Kragen Auto Parts
|
4,965
|
02/29/2016
|
Goodyear Tire
|
4,830
|
02/29/2016
|
91.7%
|
09/30/2011
|
|||
Loan
|
25
|
Southwood Manor MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
96.9%
|
12/01/2011
|
|||
Loan
|
26
|
BJ's Wholesale Pittsfield
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
100.0%
|
03/06/2012
|
|||
Loan
|
27
|
Penland Park MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
97.2%
|
06/30/2011
|
|||
Loan
|
28
|
Eagle Crest MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
98.2%
|
11/01/2011
|
|||
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
Petco
|
13,867
|
03/31/2018
|
Buffalo Wild Wings
|
6,000
|
12/31/2017
|
96.4%
|
07/31/2011
|
|||
Loan
|
30
|
Hickory Glen Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
86.0%
|
12/30/2011
|
|||
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
82.8%
|
12/31/2011
|
|||
Loan
|
32
|
Staybridge Suites SeaWorld
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
76.9%
|
12/31/2011
|
|||
Loan
|
33
|
Boulevard Estates MHC
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
87.5%
|
08/12/2011
|
|||
Loan
|
34
|
Northcross & Victoria
|
Gold's Texas Holdings Group, Inc.
|
18,710
|
07/31/2021
|
Dollar General
|
12,530
|
11/30/2012
|
80.2%
|
01/01/2012
|
|||
Loan
|
35
|
Hampton Inn & Suites
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
70.0%
|
09/30/2011
|
|||
Loan
|
36
|
Westchester I Office
|
Keller Williams
|
5,971
|
09/30/2018
|
Gregg & Bailey
|
4,925
|
12/31/2021
|
95.4%
|
02/01/2012
|
|||
Loan
|
37
|
Marina Towers
|
UBS Financial Services Inc.
|
8,945
|
07/31/2017
|
Clear Choice Health Care, LLC
|
6,864
|
06/30/2012
|
96.6%
|
01/01/2012
|
1,759
|
||
Loan
|
38
|
Spalding Building
|
Sleep Country USA, Inc.
|
5,000
|
05/31/2014
|
DHI, Inc.
|
4,639
|
05/31/2012
|
79.0%
|
09/30/2011
|
|||
Loan
|
39
|
Addison Place North
|
Jezebelle (d/b/a Wish Apparel)
|
3,025
|
09/30/2016
|
Infinity
|
2,800
|
12/13/2020
|
91.4%
|
02/01/2012
|
|||
Loan
|
40
|
Hotel Provincial
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
77.0%
|
11/30/2011
|
|||
Loan
|
41
|
Alrig Portfolio
|
92.4%
|
02/07/2012
|
|||||||||
Property
|
41.01
|
Bloomfield Office Pavilion
|
Witzke Berry
|
4,071
|
01/31/2017
|
Jawood
|
3,303
|
03/31/2015
|
90.7%
|
02/07/2012
|
|||
Property
|
41.02
|
Willow Office Center
|
Doug Angell, DDS
|
2,456
|
03/31/2022
|
Theodore A. Golden
|
2,320
|
03/31/2014
|
90.7%
|
02/07/2012
|
|||
Property
|
41.03
|
Cady Office Centre
|
Bailey Shammoun
|
2,672
|
09/30/2016
|
Michael Ladwig-UPS Store
|
1,589
|
11/30/2013
|
100.0%
|
02/07/2012
|
|||
Loan
|
42
|
Wood Forest Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
99.3%
|
09/06/2011
|
|||
Loan
|
43
|
Fox Hunt Apartments
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
NAP
|
94.8%
|
02/03/2012
|
Monthly
|
Upfront
|
Monthly
|
Upfront
|
Monthly
|
Upfront
|
Monthly
|
Upfront
|
||||
Replacement
|
TI/LC
|
TI/LC
|
Tax
|
Tax
|
Insurance
|
Insurance
|
Engineering
|
Other
|
|||
Property Flag
|
ID
|
Property Name
|
Reserves($)(18)
|
Reserves($)
|
Reserves($)(18)
|
Reserves($)
|
Reserves($)(18)
|
Reserves($)
|
Reserves($)(18)
|
Reserve($)
|
Reserves($)(18)
|
Loan
|
1
|
Square One Mall
|
Springing
|
Springing
|
Springing
|
Springing
|
|||||
Loan
|
2
|
Union Square Retail
|
|||||||||
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
13,862
|
19,407
|
128,080
|
42,693
|
Springing
|
121,141
|
69,375
|
||
Property
|
3.01
|
Plaza Los Prados
|
|||||||||
Property
|
3.02
|
Juncos Plaza
|
|||||||||
Property
|
3.03
|
Manati Centro Plaza
|
|||||||||
Property
|
3.04
|
University Plaza
|
|||||||||
Loan
|
4
|
Hartman Portfolio (22)
|
|||||||||
Property
|
4.01
|
Westheimer Central Plaza
|
|||||||||
Property
|
4.02
|
The Preserve
|
|||||||||
Property
|
4.03
|
North Central Plaza
|
|||||||||
Property
|
4.04
|
Walzem Plaza
|
|||||||||
Property
|
4.05
|
3100 Timmons Lane
|
|||||||||
Property
|
4.06
|
One Mason Plaza
|
|||||||||
Property
|
4.07
|
Northbelt Atrium I
|
|||||||||
Property
|
4.08
|
Park Central
|
|||||||||
Property
|
4.09
|
Northbelt Atrium II
|
|||||||||
Property
|
4.10
|
11811 North Freeway
|
|||||||||
Property
|
4.11
|
Tower Pavilion
|
|||||||||
Property
|
4.12
|
Central Park Business Center
|
|||||||||
Loan
|
5
|
180 Peachtree Street
|
10,763
|
313,289
|
Springing
|
233,781
|
51,234
|
29,971
|
5,994
|
1,052,823
|
4,792
|
Loan
|
6
|
Hampshire Multifamily Portfolio
|
59,312
|
92,291
|
92,291
|
160,976
|
26,829
|
735,260
|
|||
Property
|
6.01
|
Westlake Apartments
|
|||||||||
Property
|
6.02
|
Woods Edge Apartments
|
|||||||||
Property
|
6.03
|
Wind Drift Apartments
|
|||||||||
Property
|
6.04
|
Riverwood Apartments
|
|||||||||
Property
|
6.05
|
Spyglass Apartments
|
|||||||||
Property
|
6.06
|
Villa Nova Apartments
|
|||||||||
Loan
|
7
|
Alamance Crossing
|
4,199
|
27,990
|
334,788
|
41,849
|
|||||
Loan
|
8
|
Brea Plaza Shopping Center
|
2,756
|
81,158
|
13,778
|
382,220
|
76,444
|
63,199
|
5,745
|
2,758,955
|
|
Loan
|
9
|
Rio Apartments
|
8,575
|
85,369
|
28,456
|
174,957
|
21,870
|
412,638
|
381,730
|
||
Loan
|
10
|
Treetop Apartments
|
7,671
|
77,351
|
25,784
|
14,455
|
14,455
|
125,000
|
321,704
|
||
Loan
|
11
|
Piatt Place (23)
|
3,132
|
Springing
|
Springing
|
1,250,000
|
|||||
Loan
|
12
|
Susquehanna Valley Mall
|
18,842
|
31,250
|
238,948
|
89,218
|
132,776
|
12,071
|
55,375
|
1,075,000
|
|
Loan
|
13
|
Vernola Marketplace
|
4,396
|
46,309
|
14,928
|
140,947
|
46,947
|
Springing
|
|||
Loan
|
14
|
GRM Portfolio
|
7,595
|
153,852
|
59,000
|
Springing
|
|||||
Property
|
14.01
|
10310 Harwin Drive
|
|||||||||
Property
|
14.02
|
Chicago Building
|
|||||||||
Loan
|
15
|
Evergreen Portfolio
|
3,099
|
95,144
|
20,484
|
8,990
|
4,495
|
53,565
|
448,750
|
||
Property
|
15.01
|
Yorktowne MHP
|
|||||||||
Property
|
15.02
|
Pondarosa MHP
|
|||||||||
Property
|
15.03
|
Vance MHP
|
|||||||||
Loan
|
16
|
Healdsburg Hotel
|
1/12 of 2% of Gross Revenues based on the prior year
|
102,031
|
17,005
|
3,893
|
3,893
|
16,133
|
250,000
|
||
Loan
|
17
|
Montebello Town Square
|
Springing
|
Springing
|
|||||||
Loan
|
18
|
Plaza del Sol
|
6,905
|
11,317
|
18,062
|
18,062
|
Springing
|
93,875
|
|||
Loan
|
19
|
Holiday Village
|
2,063
|
38,224
|
7,645
|
8,926
|
2,975
|
5,013
|
|||
Loan
|
20
|
Bear Creek Plaza
|
Springing
|
250,000
|
Springing
|
22,417
|
22,417
|
5,042
|
1,260
|
||
Loan
|
21
|
BB&T Headquarters Building (21)
|
1/12 of the Scheduled Annual Capital Expenditure amount for such year
|
206,430
|
91,889
|
30,630
|
Springing
|
||||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
Springing
|
Springing
|
|||||||
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
|||||||||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
Springing
|
Springing
|
|||||||
Loan
|
25
|
Southwood Manor MHC
|
1,738
|
26,714
|
13,357
|
21,779
|
1,980
|
36,875
|
368,250
|
||
Loan
|
26
|
BJ's Wholesale Pittsfield
|
Springing
|
Springing
|
|||||||
Loan
|
27
|
Penland Park MHC
|
1,621
|
24,079
|
12,040
|
19,181
|
1,744
|
21,250
|
230,875
|
||
Loan
|
28
|
Eagle Crest MHC
|
1,138
|
202,236
|
27,210
|
6,894
|
2,298
|
16,106
|
|||
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
1,682
|
6,792
|
163,000
|
24,899
|
15,458
|
5,153
|
4,625
|
16,268
|
|
Loan
|
30
|
Hickory Glen Apartments
|
3,225
|
79,665
|
13,278
|
19,912
|
1,991
|
33,219
|
185,000
|
||
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
4% of Gross Revenues for the calendar month immediately preceding such monthly payment date
|
20,453
|
6,818
|
5,924
|
2,962
|
60,000
|
|||
Loan
|
32
|
Staybridge Suites SeaWorld
|
1/12 of 4% of Gross Revenues based on the prior year
|
65,750
|
16,438
|
15,905
|
1,590
|
||||
Loan
|
33
|
Boulevard Estates MHC
|
1,196
|
30,655
|
10,218
|
2,750
|
1,375
|
7,220
|
|||
Loan
|
34
|
Northcross & Victoria
|
3,402
|
200,000
|
49,456
|
16,485
|
33,609
|
2,585
|
93,313
|
71,939
|
|
Loan
|
35
|
Hampton Inn & Suites
|
2% of Gross Revenues for the prior month (during the first year of the term of the loan; 4.0% thereafter)
|
13,372
|
6,686
|
6,667
|
6,667
|
750,000
|
|||
Loan
|
36
|
Westchester I Office
|
955
|
4,975
|
18,372
|
6,124
|
4,214
|
702
|
|||
Loan
|
37
|
Marina Towers
|
1,759
|
5,674
|
70,217
|
6,383
|
27,955
|
5,591
|
16,100
|
||
Loan
|
38
|
Spalding Building
|
2,000
|
250,000
|
8,500
|
6,276
|
6,276
|
54,055
|
4,158
|
96,000
|
Springing
|
Loan
|
39
|
Addison Place North
|
500
|
2,000
|
25,095
|
6,274
|
19,209
|
3,842
|
25,669
|
||
Loan
|
40
|
Hotel Provincial
|
1/12 of 4% of Gross Revenues based on the prior year
|
59,797
|
5,980
|
90,015
|
10,315
|
21,287
|
|||
Loan
|
41
|
Alrig Portfolio
|
3,095
|
200,000
|
11,950
|
76,537
|
25,512
|
3,930
|
1,965
|
98,373
|
|
Property
|
41.01
|
Bloomfield Office Pavilion
|
|||||||||
Property
|
41.02
|
Willow Office Center
|
|||||||||
Property
|
41.03
|
Cady Office Centre
|
|||||||||
Loan
|
42
|
Wood Forest Apartments
|
4,345
|
7,605
|
7,605
|
10,950
|
3,650
|
82,375
|
|||
Loan
|
43
|
Fox Hunt Apartments
|
6,250
|
35,829
|
11,943
|
40,106
|
3,342
|
67,995
|
Other
|
Environmental
|
||||||
Reserves
|
Report
|
Engineering
|
Loan
|
||||
Property Flag
|
ID
|
Property Name
|
Description (3)(15)
|
Date (3)(19)
|
Report Date
|
Purpose
|
|
Loan
|
1
|
Square One Mall
|
11/17/2011
|
11/16/2011
|
Refinance
|
||
Loan
|
2
|
Union Square Retail
|
02/01/2012
|
02/01/2012
|
Refinance
|
||
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
Tank Permit Reserve
|
Acquisition
|
|||
Property
|
3.01
|
Plaza Los Prados
|
12/22/2011
|
12/22/2011
|
|||
Property
|
3.02
|
Juncos Plaza
|
12/22/2011
|
12/22/2011
|
|||
Property
|
3.03
|
Manati Centro Plaza
|
12/22/2011
|
12/22/2011
|
|||
Property
|
3.04
|
University Plaza
|
12/22/2011
|
12/22/2011
|
|||
Loan
|
4
|
Hartman Portfolio (22)
|
Refinance
|
||||
Property
|
4.01
|
Westheimer Central Plaza
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.02
|
The Preserve
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.03
|
North Central Plaza
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.04
|
Walzem Plaza
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.05
|
3100 Timmons Lane
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.06
|
One Mason Plaza
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.07
|
Northbelt Atrium I
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.08
|
Park Central
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.09
|
Northbelt Atrium II
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.10
|
11811 North Freeway
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.11
|
Tower Pavilion
|
06/29/2011
|
06/29/2011
|
|||
Property
|
4.12
|
Central Park Business Center
|
06/29/2011
|
06/29/2011
|
|||
Loan
|
5
|
180 Peachtree Street
|
Ground Rent Reserve (1/12 of the aggregate Ground Rent, Currently $4,792); Common Charges Reserve (Springing)
|
11/01/2011
|
10/31/2011
|
Acquisition
|
|
Loan
|
6
|
Hampshire Multifamily Portfolio
|
Refinance
|
||||
Property
|
6.01
|
Westlake Apartments
|
10/03/2011
|
10/03/2011
|
|||
Property
|
6.02
|
Woods Edge Apartments
|
10/03/2011
|
10/03/2011
|
|||
Property
|
6.03
|
Wind Drift Apartments
|
10/03/2011
|
10/03/2011
|
|||
Property
|
6.04
|
Riverwood Apartments
|
10/03/2011
|
10/03/2011
|
|||
Property
|
6.05
|
Spyglass Apartments
|
10/03/2011
|
10/03/2011
|
|||
Property
|
6.06
|
Villa Nova Apartments
|
10/03/2011
|
10/03/2011
|
|||
Loan
|
7
|
Alamance Crossing
|
05/09/2011
|
05/09/2011
|
Refinance
|
||
Loan
|
8
|
Brea Plaza Shopping Center
|
Tenant Specific Reserves ($1,299,175); Free Rent Holdback Reserve (Upfront: $300,429); Build Out Reserve (Upfront: $1,099,351); Loftus Channel Completion Reserve (Upfront: $60,000)
|
12/12/2011
|
12/12/2011
|
Refinance
|
|
Loan
|
9
|
Rio Apartments
|
Security Deposit Reserve (Upfront: $264,797); Debt Service Reserve (Upfront: $116,933)
|
11/17/2011
|
11/16/2011
|
Refinance
|
|
Loan
|
10
|
Treetop Apartments
|
Security Deposit Reserve (Upfront: $220,573); Debt Service Reserve (Upfront: $101,131)
|
11/17/2011
|
11/16/2011
|
Refinance
|
|
Loan
|
11
|
Piatt Place (23)
|
Phoenix Reserve
|
12/15/2011
|
12/12/2011
|
Refinance
|
|
Loan
|
12
|
Susquehanna Valley Mall
|
Accretive Leasing Reserve
|
10/13/2011
|
10/13/2011
|
Refinance
|
|
Loan
|
13
|
Vernola Marketplace
|
06/28/2011
|
06/28/2011
|
Refinance
|
||
Loan
|
14
|
GRM Portfolio
|
Refinance
|
||||
Property
|
14.01
|
10310 Harwin Drive
|
11/22/2011
|
11/22/2011
|
|||
Property
|
14.02
|
Chicago Building
|
11/22/2011
|
11/21/2011
|
|||
Loan
|
15
|
Evergreen Portfolio
|
Environmental Reserves
|
Refinance
|
|||
Property
|
15.01
|
Yorktowne MHP
|
11/11/2011
|
11/11/2011
|
|||
Property
|
15.02
|
Pondarosa MHP
|
11/11/2011
|
11/11/2011
|
|||
Property
|
15.03
|
Vance MHP
|
11/11/2011
|
11/11/2011
|
|||
Loan
|
16
|
Healdsburg Hotel
|
Seasonality Reserve (Upfront: $250,000; Monthly: Excess Cash Flow)
|
06/07/2011
|
04/21/2011
|
Refinance
|
|
Loan
|
17
|
Montebello Town Square
|
01/09/2012
|
01/09/2012
|
Refinance
|
||
Loan
|
18
|
Plaza del Sol
|
12/14/2011
|
12/14/2011
|
Refinance
|
||
Loan
|
19
|
Holiday Village
|
10/26/2011
|
11/11/2011
|
Refinance
|
||
Loan
|
20
|
Bear Creek Plaza
|
11/11/2011
|
11/15/2011
|
Refinance
|
||
Loan
|
21
|
BB&T Headquarters Building (21)
|
11/06/2011
|
11/07/2011
|
Acquisition
|
||
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
07/12/2011
|
07/11/2011
|
Refinance
|
||
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
08/03/2011
|
NAP
|
Acquisition
|
||
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
07/12/2011
|
07/12/2011
|
Refinance
|
||
Loan
|
25
|
Southwood Manor MHC
|
Environmental Reserve (Upfront: $280,750); Lease Settlement Reserve (Upfront: $87,500)
|
06/02/2011
|
06/03/2011
|
Refinance
|
|
Loan
|
26
|
BJ's Wholesale Pittsfield
|
01/10/2012
|
01/10/2012
|
Acquisition
|
||
Loan
|
27
|
Penland Park MHC
|
Environmental Reserve
|
06/02/2011
|
06/03/2011
|
Refinance
|
|
Loan
|
28
|
Eagle Crest MHC
|
11/11/2011
|
11/11/2011
|
Refinance
|
||
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
MRI Rent Reserve
|
05/24/2011
|
05/23/2011
|
Refinance
|
|
Loan
|
30
|
Hickory Glen Apartments
|
Clearing Account Reserve (Upfront: $98,049); Debt Service Reserve (Upfront: $51,951); Radon Remediation Reserve (Upfront: $35,000)
|
12/14/2011
|
12/15/2011
|
Refinance
|
|
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
Seasonal Working Capital Reserve (Upfront $60,000; $10,000 Monthly, each month from April through September if balance falls below $60,000; Cap: $60,000)
|
12/13/2011
|
12/14/2011
|
Refinance
|
|
Loan
|
32
|
Staybridge Suites SeaWorld
|
05/31/2011
|
05/27/2011
|
Refinance
|
||
Loan
|
33
|
Boulevard Estates MHC
|
11/11/2011
|
11/11/2011
|
Refinance
|
||
Loan
|
34
|
Northcross & Victoria
|
Gold's Gym Rent Reserve (Upfront: $71,939); Prepaid Rent Reserve ($140,000 on or before 6/1/2018); Specific Tenant Rollover Reserves (Springing)
|
12/12/2011
|
12/09/2011
|
Refinance/Acquisition
|
|
Loan
|
35
|
Hampton Inn & Suites
|
PIP Reserve (Upfront: $600,000); Operating Reserve (Upfront: $150,000)
|
11/16/2011
|
11/16/2011
|
Acquisition
|
|
Loan
|
36
|
Westchester I Office
|
12/07/2011
|
12/07/2011
|
Refinance
|
||
Loan
|
37
|
Marina Towers
|
06/17/2011
|
06/20/2011
|
Refinance
|
||
Loan
|
38
|
Spalding Building
|
Specific Tenant Rollover Reserves (Springing)
|
08/24/2011
|
08/24/2011
|
Refinance
|
|
Loan
|
39
|
Addison Place North
|
Wish Apparel Tenant Free Rent Reserve (Upfront: $13,130); Wish Apparel TI/LC Reserve (Upfront: $12,539)
|
06/10/2011
|
06/08/2011
|
Refinance
|
|
Loan
|
40
|
Hotel Provincial
|
07/08/2011
|
07/11/2011
|
Refinance
|
||
Loan
|
41
|
Alrig Portfolio
|
Free Rent Reserve
|
Refinance
|
|||
Property
|
41.01
|
Bloomfield Office Pavilion
|
12/12/2011
|
12/12/2011
|
|||
Property
|
41.02
|
Willow Office Center
|
12/12/2011
|
12/12/2011
|
|||
Property
|
41.03
|
Cady Office Centre
|
12/13/2011
|
12/12/2011
|
|||
Loan
|
42
|
Wood Forest Apartments
|
07/07/2011
|
07/06/2011
|
Refinance
|
||
Loan
|
43
|
Fox Hunt Apartments
|
07/19/2011
|
07/19/2011
|
Refinance
|
Property Flag
|
ID
|
Property Name
|
Sponsor (20)
|
Guarantor (20)
|
Loan
|
1
|
Square One Mall
|
Mayflower Realty LLC
|
Mayflower Realty LLC
|
Loan
|
2
|
Union Square Retail
|
The Related Companies, L.P.; Board of the State Teachers Retirement System of Ohio
|
The Related Companies, L.P.
|
Loan
|
3
|
Puerto Rico Retail Portfolio (21)
|
Community Reinvestment Partners II LP
|
Community Reinvestment Partners II LP
|
Property
|
3.01
|
Plaza Los Prados
|
||
Property
|
3.02
|
Juncos Plaza
|
||
Property
|
3.03
|
Manati Centro Plaza
|
||
Property
|
3.04
|
University Plaza
|
||
Loan
|
4
|
Hartman Portfolio (22)
|
Allen R. Hartman; Hartman Income REIT, Inc.
|
Allen R. Hartman; Hartman Income REIT, Inc.
|
Property
|
4.01
|
Westheimer Central Plaza
|
||
Property
|
4.02
|
The Preserve
|
||
Property
|
4.03
|
North Central Plaza
|
||
Property
|
4.04
|
Walzem Plaza
|
||
Property
|
4.05
|
3100 Timmons Lane
|
||
Property
|
4.06
|
One Mason Plaza
|
||
Property
|
4.07
|
Northbelt Atrium I
|
||
Property
|
4.08
|
Park Central
|
||
Property
|
4.09
|
Northbelt Atrium II
|
||
Property
|
4.10
|
11811 North Freeway
|
||
Property
|
4.11
|
Tower Pavilion
|
||
Property
|
4.12
|
Central Park Business Center
|
||
Loan
|
5
|
180 Peachtree Street
|
Carter/Validus Operating Partnership, LP
|
Carter/Validus Operating Partnership, LP
|
Loan
|
6
|
Hampshire Multifamily Portfolio
|
Tomas Rosenthal; Henri Schmidt; The JR Family Credit Shelter Trust, U/T/A Dated January 3, 1996; The TR Family Trust, U/T/A Dated December 26, 1995
|
Tomas Rosenthal; Henri Schmidt; The JR Family Credit Shelter Trust, U/T/A Dated January 3, 1996; The TR Family Trust, U/T/A Dated December 26, 1995
|
Property
|
6.01
|
Westlake Apartments
|
||
Property
|
6.02
|
Woods Edge Apartments
|
||
Property
|
6.03
|
Wind Drift Apartments
|
||
Property
|
6.04
|
Riverwood Apartments
|
||
Property
|
6.05
|
Spyglass Apartments
|
||
Property
|
6.06
|
Villa Nova Apartments
|
||
Loan
|
7
|
Alamance Crossing
|
CBL & Associates Properties, Inc.
|
CBL & Associates Properties, Inc.
|
Loan
|
8
|
Brea Plaza Shopping Center
|
BOSC Realty Advisors LLC
|
Najwa Nadhir; Nedal Denha; Ronald Shunia
|
Loan
|
9
|
Rio Apartments
|
Belinda Meruelo
|
Belinda Meruelo
|
Loan
|
10
|
Treetop Apartments
|
Belinda Meruelo
|
Belinda Meruelo
|
Loan
|
11
|
Piatt Place (23)
|
Millcraft Investments, Inc.; Kathleen S. Piatt Marital Trust; Jack B. Piatt Family Trust No. 2; Lucas B. Piatt; Piatt Place NMTC Lender, LLC
|
Millcraft Investments, Inc.; Kathleen S. Piatt Marital Trust; Jack B. Piatt Family Trust No. 2; Lucas B. Piatt; Piatt Place NMTC Lender, LLC
|
Loan
|
12
|
Susquehanna Valley Mall
|
Alma O. Cohen; Edwin Lakin; Albert Boscov; Mid-Island Properties, Inc.
|
Alma O. Cohen; Edwin Lakin; Albert Boscov; Mid-Island Properties, Inc.
|
Loan
|
13
|
Vernola Marketplace
|
Vestar Development Co.; Rockwood V REIT, Inc.; Equity One, Inc.
|
Vestar Development Co.; Rockwood V REIT, Inc.; Equity One, Inc.
|
Loan
|
14
|
GRM Portfolio
|
Moishe Mana
|
Moishe Mana
|
Property
|
14.01
|
10310 Harwin Drive
|
||
Property
|
14.02
|
Chicago Building
|
||
Loan
|
15
|
Evergreen Portfolio
|
Ross H. Partrich
|
Ross H. Partrich
|
Property
|
15.01
|
Yorktowne MHP
|
||
Property
|
15.02
|
Pondarosa MHP
|
||
Property
|
15.03
|
Vance MHP
|
||
Loan
|
16
|
Healdsburg Hotel
|
Merritt Sher; Pamela Sher
|
Merritt Sher; Pamela Sher
|
Loan
|
17
|
Montebello Town Square
|
Kimco Income Operating Partnership, L.P.
|
Kimco Income Operating Partnership, L.P.
|
Loan
|
18
|
Plaza del Sol
|
Herbert L. Levine; Elliott Aintabi
|
Herbert L. Levine; Elliott Aintabi
|
Loan
|
19
|
Holiday Village
|
Ross H. Partrich
|
Ross H. Partrich
|
Loan
|
20
|
Bear Creek Plaza
|
Flamey Damian; Egla Damian
|
Flamey Damian; Egla Damian
|
Loan
|
21
|
BB&T Headquarters Building (21)
|
Inland Private Capital Corporation
|
Winston-Salem Leaseco, L.L.C.; Inland Private Capital Corporation
|
Loan
|
22
|
Rancho Penasquitos Towne Center I
|
KUBS Income Fund I, L.P.
|
KUBS Income Fund I, L.P.
|
Loan
|
23
|
Johnstown Galleria - Ground Lease
|
Richard Ader; David Ledy; David Silvers; Jack Genende; Warren Schwartz
|
Richard Ader; David Ledy; David Silvers; Jack Genende; Warren Schwartz
|
Loan
|
24
|
Rancho Penasquitos Towne Center II
|
KUBS Income Fund I, L.P.
|
KUBS Income Fund I, L.P.
|
Loan
|
25
|
Southwood Manor MHC
|
Richard M. Nodel; Ronald K. Weiss
|
Richard M. Nodel; Ronald K. Weiss
|
Loan
|
26
|
BJ's Wholesale Pittsfield
|
Ladder Capital Finance Holdings LLLP
|
NAP
|
Loan
|
27
|
Penland Park MHC
|
Richard M. Nodel; Ronald K. Weiss
|
Richard M. Nodel; Ronald K. Weiss
|
Loan
|
28
|
Eagle Crest MHC
|
Ross H. Partrich
|
Ross H. Partrich
|
Loan
|
29
|
Fingerlakes Crossing Shopping Center
|
Cameron Group & IGB Group of Germany
|
Joseph J. Goethe; Eric M. Alderman; Thomas J. Valenti; Lawrence Alder; Frederick R. Burrows, Jr.; Kevin Eldred; Joel C. Ramey
|
Loan
|
30
|
Hickory Glen Apartments
|
Everest SIR 2 Properties, LP
|
Everest SIR 2 Properties, LP
|
Loan
|
31
|
Comfort Inn JFK at Ozone Park
|
Riverbrook Holdings LLC; Superior Redding Hotel LLC
|
Steven G. Mendel; Kuldip Singh
|
Loan
|
32
|
Staybridge Suites SeaWorld
|
Anand Bhakta; Sanmukh Patel; Babubhai Patel; Kishor Patel; Jagdish Bhakta; Rajesh Bhakta; Dinesh Bhakta
|
Anand Bhakta; Sanmukh Patel; Babubhai Patel; Kishor Patel; Jagdish Bhakta; Rajesh Bhakta; Dinesh Bhakta
|
Loan
|
33
|
Boulevard Estates MHC
|
Ross H. Partrich
|
Ross H. Partrich
|
Loan
|
34
|
Northcross & Victoria
|
VN Shopping Center, Inc.
|
Alan S. Mann; Nelson S. Billups
|
Loan
|
35
|
Hampton Inn & Suites
|
Mercury Investment Co. VII
|
Abbot G. Apter; Maureen A. Spanier; Karen M. Stelmak
|
Loan
|
36
|
Westchester I Office
|
Robert Hargett; Kevin T. McFadden; W. Vernon McClure, Jr.
|
Robert Hargett; Kevin T. McFadden; W. Vernon McClure, Jr.
|
Loan
|
37
|
Marina Towers
|
Christian C. Romandetti
|
Christian C. Romandetti
|
Loan
|
38
|
Spalding Building
|
John F. Swift; Manchester Capital Management, LLC
|
John F. Swift
|
Loan
|
39
|
Addison Place North
|
Richard F. Caster
|
Richard F. Caster
|
Loan
|
40
|
Hotel Provincial
|
Bryan V. Dupepe, Sr.; Verna Dupepe Devlin; Bryan V. Dupepe Jr.
|
Bryan V. Dupepe, Sr.; Verna Dupepe Devlin; Bryan V. Dupepe Jr.
|
Loan
|
41
|
Alrig Portfolio
|
Gabriel Schuchman; Ehud Rieger
|
Gabriel Schuchman; Ehud Rieger
|
Property
|
41.01
|
Bloomfield Office Pavilion
|
||
Property
|
41.02
|
Willow Office Center
|
||
Property
|
41.03
|
Cady Office Centre
|
||
Loan
|
42
|
Wood Forest Apartments
|
Ralph Yaney; Lucile Yaney; Larisa Storozhenko
|
Ralph Yaney; Lucile Yaney; Larisa Storozhenko
|
Loan
|
43
|
Fox Hunt Apartments
|
Matthew B. Lester
|
Matthew B. Lester
|
(1)
|
GACC—German American Capital Corporation or one of its affiliates; LCF—Ladder Capital Finance LLC or one of its affiliates; GLAC—Guggenheim Life and Annuity Company; JPMIM—J.P. Morgan Investment Management Inc. or one of its affiliates; RB—Regions Bank or one of its affiliates.
|
(2)
|
GACC—German American Capital Corporation; LCF— Ladder Capital Finance LLC; GLAC—Guggenheim Life and Annuity Company.
|
(3)
|
With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance” and “Cut-off Date Balance” reflect the Allocated Loan Amount for such Mortgaged Property.
|
Loan No. 4 – Hartman Portfolio – At origination in September 2008, J. P. Morgan Investment Management Inc. funded a loan with an original principal balance of $67.6 million. GACC purchased the loan in June 2011. The Hartman Portfolio Mortgage Loan has been split into a pooled senior trust component of approximately $56.5 million and a non-pooled junior trust component of $10.0 million. The Original Amortization Term is based on the Hartman Portfolio Mortgage Loan, including the non-pooled junior trust component. The Remaining Amortization Term is calculated using the Monthly Debt Service and Cut-off Date Balance for the pooled component only.
|
|
Loan No. 15 – Evergreen Portfolio – A portion of the environmental reserve for the Mortgage Loan in an amount equal to $483,618 was applied to prepay the loan prior to the Cut-Off Date upon completion of certain recommended environmental work at the Pondarosa MHP Mortgaged Property.
|
|
(4)
|
Loan No. 21 – BB&T Headquarters Building – has an ARD feature with an anticipated repayment date of 1/6/2022, with a revised interest rate for the period from the anticipated repayment date through the final maturity date of 1/6/2037 of 2.00% plus the initial rate.
|
(5)
|
The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the master servicing fee, sub-servicing fee, trustee/certificate administrator fee and operating advisor fee with respect to each Mortgage Loan.
|
(6)
|
Annual Debt Service, Monthly Debt Service, Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest-only periods are shown based on the monthly debt service payment immediately following the expiration of the interest-only period and (ii) that are interest-only until the related maturity date or anticipated repayment date, as applicable, are shown based on the interest-only payments during the 12-month period following the cut-off date (or, in the case of Monthly Debt Service, the average of such interest-only payments).
|
(7)
|
“Hard” generally means each tenant is required to transfer its rent directly to the lender-controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over-the counter cash and equivalents are deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager must collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into
|
such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender-controlled lockbox.
|
|
Loan No. 2 – Union Square Retail –The Mortgage Loan is structured with no initial lockbox or cash management at the tenant level. Any sums that are distributable by the borrower to the Related Union Square Retail Associates, LLC (the “Related Owner”), which is an affiliate of The Related Companies, LP and the holder of a 49% interest in the borrower, are paid into an account (the “STRSO Account”) controlled by OTR, an Ohio general partnership acting as the duly designated nominee of the Board of The State Teachers Retirement System of Ohio (“STRSO”) and then transferred to an account controlled by the lender and, provided no event of default exists under the Union Square Retail Loan, are transferred to the Related Owner. Following the occurrence of an event of default under the Union Square Retail Loan, all such sums are transferred to an account of the lender, to be applied as determined by the lender. In the event that STRSO no longer controls the STRSO Account or in the event that STRSO no longer controls the borrower, the borrower is required to establish a lockbox account controlled by the lender (the “Springing Lockbox”) and In Place cash management will then commence. The borrower must cause all subtenants to deposit their rent payable to the borrower into the Springing Lockbox and must require all subtenants to deposit any sub-subrent payable to the subtenants (which is not already payable to the borrower) in the Springing Lockbox.
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(8)
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“In Place” means that related property cash flows go through a waterfall before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan Documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related loan documents).
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(9)
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Loan No. 9 and Loan No. 10 – Rio Apartments and Treetop Apartments – The Rio Apartments Mortgage Loan and Treetop Apartments Mortgage Loan are cross-collateralized and cross-defaulted. As such, Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated on an aggregate basis.
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(10)
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The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A-1 to this Free Writing Prospectus.
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(11)
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Loan No. 5 – 180 Peachtree Street – Net Rentable Area represents the total square feet of the fee simple interest in the office and data center property located at 180 Peachtree Street Northwest. It excludes the 5-story garage adjacent to the 180 Peachtree Street Northwest building and the leasehold interest in the 9-story garage located at 150 Carnegie Way Northwest, which contain a total of 1,449 spaces, both of which are part of the collateral.
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Loan No. 19 – Holiday Village – In addition to the 495 home sites, there are also 83 RV sites located at the property. Net Rentable Area and Loan per Net Rentable Area include the 495 home sites only.
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Loan No. 23 – Johnstown Galleria – Ground Lease – the collateral consists of the borrower’s fee interest in the Mortgaged Property. Neither the tenant’s leasehold interest nor the improvements are part of the collateral.
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(12)
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Prepayment provisions are shown from the respective Mortgage Loan First Payment Date.
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“L(x)” means lock-out for x payments.
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“D(x)” means may be defeased for x payments.
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“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.
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“YM1(x)” means may be prepaid for x payments with payment of greater of yield maintenance charge and 1% of the amount prepaid.
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“DorYM(x)” means may be prepaid with payment of a yield maintenance charge or defeased for x payments; provided that no such defeasance may occur until after the second anniversary of the securitization closing date.
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“O(x)” means freely prepayable for x payments, including the final maturity date or ARD payment.
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(13)
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The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases:
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Loan No. 2 – Union Square Retail – The Union Square Retail Mortgaged Property is subject to a ground lease. The lease expires on 12/31/2095 and there are no ground lease extension options. The ground lease carried an initial base rent of $2,500,000 per annum and includes base rent steps every five years of 12%, with base rent revaluations every 25 years and, during certain periods, otherwise in connection with the expiration of certain below market subleases. The current base rent being paid by the borrower under the ground lease is $3,136,000. The next base rent step occurs on 7/1/2013, to a rate of $3,512,320 per annum.
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Loan No. 5 – 180 Peachtree Street – The 180 Peachtree Street Mortgaged Property is subject to a ground lease on a portion of the adjacent parking garage at 150 Carnegie Way Northwest. The lease commenced in December 1960 and expires in 12/31/2055 with one renewal option for 40 years, extending the ground lease to 12/31/2095. The ground rent is currently $57,500 per year and increases $7,500 every ten years beginning in January 2021.
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Loan No. 8 – Brea Plaza Shopping Center – The Brea Plaza Shopping Center Mortgaged Property is subject to a ground lease on a portion of the parking area (including the land currently improved with the drive-thru for Chick-Fil-A). The ground lease has a 30-year term and expires on 10/31/2040 with two 10-year extension options. The initial rent under the lease is $16,274 per month and will increase every five years based upon increases in the Consumer Price Index for the initial term beginning on 11/1/2015, as well as the extension terms. Under the terms of the ground lease, certain construction costs (plus interest at the greater of (a) 10% or (b) average interest+2% per annum) associated with the development of the parking area above the flood channel are considered to be prepaid rent, and will offset such rent obligations during the initial 30-year term of the lease.
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(14)
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The following tenants that occupy 5% or greater of the net rentable area at the property are borrower affiliates:
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Loan No. 14 – GRM Portfolio – GRM, which is an affiliate of the borrower, leases 55.6% of the 10310 Harwin Drive Mortgaged Property and 100.0% of the Chicago Building Mortgaged Property.
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Loan No. 36 – Westchester I Office – The following tenants, which are affiliates of the borrower, lease space at the Mortgaged Property: Balzer & Associates (21.9% of the net rentable area at the Mortgaged Property), Main Street Homes (19.1%), The Rebkee Company (14.3%), Gregg & Bailey (8.6%), White and McCarthy, LLC (6.6%) (not listed on Annex A-1) and Stuller, Connelly & Finfgeld, LLC (5.0%)(not listed on Annex A-1).
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Loan No. 38 – Spalding Building – An affiliate of the borrower master leases 6.8% of the Mortgaged Property.
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(15)
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The following tenants listed on Annex A-1 are not yet in occupancy or the lease expiration date relates to a renewal lease that has not yet been executed:
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Loan No. 1 – Square One Mall – The Gap’s current lease expired on 1/31/2012. A one-year lease extension is out for signature. Gap is open and currently paying rent on a month to month basis.
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Loan No. 3 – Puerto Rico Retail Portfolio – With respect to the Juncos Plaza Mortgaged Property, Atlantis Healthcare Group PR is not yet in occupancy. The lease is fully executed and the tenant has taken possession and is currently building out its space. The lease has a 10-year term.
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Loan No. 3 – Puerto Rico Retail Portfolio – With respect to the Manati Centro Plaza Mortgaged Property, Rent-A-Center is not yet in occupancy. The lease is fully executed and the tenant has taken possession and is currently building out its space. The lease has a 5-year term.
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Loan No. 3 – Puerto Rico Retail Portfolio – With respect to the University Plaza Mortgaged Property, Claro is not yet in occupancy. The lease is fully executed and the tenant has taken possession and is currently building out its space. The lease has a 5-year term.
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Loan No. 8 – Brea Plaza Shopping Center – DSW and DXL-Casual Male Group (not listed on Annex A-1) are not yet in occupancy. The leases are fully executed and the borrower is currently building out the space for each such tenant. The DSW lease carries a 10-year term with an initial base rent of $366,450 per annum. The DXL-Casual Male Group lease has a 10-year term.
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Loan No. 11 – Piatt Place – University of Phoenix is not yet in occupancy. The lease is fully executed and the tenant’s space is currently being built-out. $1.25 million was escrowed upfront in a reserve account to cover the costs associated with the tenant build-out of the University of Phoenix space.
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(16)
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The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if borrower violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are early non-contingent termination options for those tenants listed in Annex A-1:
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Loan No. 3 – Puerto Rico Retail Portfolio – Gatsby, at the Manati Centro Plaza Mortgaged Property and the University Plaza Mortgaged Property, has a right to terminate the lease. At the Manati Centro Plaza Mortgaged Property, the right to terminate is as of 4/1/2015 or 4/1/2016 with 180 days prior notice. At the University Plaza Mortgaged Property, the right to terminate is as of 4/1/2013 or 4/1/2014 with 180 days prior notice.
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Loan No. 11 – Piatt Place – The Largest Tenant, Commonwealth of PA - Department of General Services, has the right to terminate its lease should the Commonwealth of Pennsylvania’s budget not include funds appropriated for the payment of the scheduled rental payments for any office space of similar size in the city of Pittsburgh. However, under such scenario, the tenant is required to reimburse landlord for any unamortized TI/LC costs, as listed in the tenant’s lease, to the extent that the Commonwealth of Pennsylvania has appropriated funds for this penalty. At loan closing, this penalty was in excess of $13.3 million, and reduces to over $8.0 million at loan
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maturity. The Second Largest Tenant, University of Phoenix, has a termination provision at the end of the sixtieth month of the lease provided that it reimburses the borrower for any unamortized TI/LC costs. The projected TI/LC costs are approximately $1.1 million. The Fifth Largest Tenant, Izzazu, Inc., has the right to terminate its lease following the last day of the 126th month of the lease term, by written notice at least 180 days prior, and with a lease termination payment equal to the sum of (i) $10,000 and (ii) the remaining full unamortized TI/LC and related costs.
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Loan No. 13 – Vernola Marketplace – The Michael’s Stores, Inc. (“Michael’s”) lease contains a prohibition against selling or leasing space at the Mortgaged Property to a gym or health club. In the event that such a prohibited use continues for a certain time period, Michael’s may reduce its rent or terminate its lease upon notice. Although the borrower entered into a lease with Fitness 19 in March 2010, thereby breaching the covenant, Michael’s has not notified the landlord of this breach or exercised any of its rights under its lease. Michael’s right to abate rent or terminate its lease continues for the entire Michael’s lease term as long as the violation exists.
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Loan No. 18 – Plaza del Sol – Cinemark USA, Inc. may terminate its lease with 90 days written notice to the landlord given within 120 days after the end of any lease year in which its gross receipts for such lease year are less than 50% of its gross receipts for the lease year immediately preceding the lease year in which a motion picture theatre commenced operation on an adjacent landlord (or affiliate) owned property.
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Loan No. 34 – Northcross & Victoria – Gold’s Texas Holdings Group, Inc. (d/b/a Gold’s Gym) has an early termination right in the end of the 5th year (07/2016) with 12 months’ notice.
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Loan No. 36 – Westchester I Office – Keller Williams has a one-time termination option after 04/15/2016 with 120 days’ notice if landlord cannot provide an additional 5,000 useable sq. ft. in the building.
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Loan No. 37 – Marina Towers – The Largest Tenant, Modus Operandi, Inc, has the right to terminate its lease any time after the 36th month of the lease term, by written notice at least 180 days prior, and with a lease termination payment of $20,000.
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Loan No. 38 – Spalding Building – Portland Children’s Levy has a right to terminate as of 6/30/14 with 180 days’ notice and termination fee of $7,935.
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Loan No. 41 – Alrig Portfolio – With respect to the Willow Office Center Mortgaged Property, Syntel, Inc. has a termination option in 08/2015 with 6 months’ notice (02/2015), and Cornerstone Benefit Plans, Inc. has a one-time right to terminate its lease in February 2016 with 150 days’ notice and payment of a penalty. Oakland Psychological Clinic has 6,100 sq. ft. in the Bloomfield Office Pavilion Mortgaged Property. They have expansion rights with 180 days’ notice into any available contiguous space on the same terms as their current lease. If the space is unable to accommodate tenant, the landlord has the ability to make other space available within the building and the landlord would pay relocation costs. If the landlord cannot find space for tenant to expand, tenant shall have the right to terminate by providing 30 days’ notice.
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(17)
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The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space;
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Loan No. 1 – Square One Mall – The Second Largest Tenant, Best Buy, leases 60,000 sq. ft., of which 21,668 is currently subleased to Blast Fitness through February 2022.
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Loan No. 2 – Union Square Retail – Two tenants of borrower (subtenants under the ground lease and wholly-owned subsidiaries of the borrower), Union Square Development Associates, LLC (“USDA”) (19.5% of rentable sq. ft.) and Union Square Development Associates II, LLC (“USDA II”) (30.2% of rentable sq. ft.), have sub-subleased their tenant spaces. USDA has sub-
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subleased its tenant space to Best Buy. USDA II has sub-subleased its tenant space to Nordstrom Rack, Duane Reade, Citibank, N.A., Park South Imaging and Union Square Wines.
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Loan No. 23 – Johnstown Galleria – Ground Lease – Subleased to the retail tenants.
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(18)
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Monthly reserves required to be deposited in such account may be capped pursuant to the related Mortgage Loan Documents.
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(19)
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The following mortgaged properties are covered by environmental insurance policies obtained in lieu of a phase II or to address environmental conditions or concerns.
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Loan
No.
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Mortgaged
Property
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Mortgage Loan
Cut-off Date
Balance
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% of Initial
Outstanding
Pool Balance
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Maximum Policy
Amount
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Premium
Paid in Full
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|||||
12
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Susquehanna Valley Mall
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$27,895,902
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3.0%
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$2,000,000
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Yes
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|||||
22
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Rancho Penasquitos Towne Center I
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$14,364,196
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1.5%
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$2,000,000
|
Yes
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|||||
24
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Rancho Penasquitos Towne Center II
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$11,022,646
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1.2%
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$2,000,000
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Yes
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|||||
25
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Southwood Manor MHC(A)
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$11,000,933
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1.2%
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$2,000,000
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Yes
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27
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Penland Park MHC(A)
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$10,951,155
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1.2%
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$2,000,000
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Yes
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(20)
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Loan No. 39 – Addison Place North – The Sponsor and non-recourse carve-out Guarantor, Richard F. Caster, along with other investors, guaranteed a loan from City National Bank of Florida (“City National”) related to investments in thirty-three townhome lots in Lake Worth, Florida. That loan is in default. City National filed suit against Caster and others on January 10, 2012. Caster, along with other investors, are jointly and severally liable for a portion of the outstanding principal in the approximate amount of $1,456,000 (plus interest, costs and expenses) and Castor further estimates that, given the value of the collateral, there is a potential deficiency of $2,040,000. Caster and co-investors have had settlement discussions with City National and recently reached an agreement in principle to make a total payment of $800,000 to City National, of which $400,000 would be paid upon signing the settlement agreement and the remaining balance would be payable over five years with interest. Mr. Caster’s pro rata share of this settlement is approximately $266,666.67 and he has indicated an intent to pay his full share immediately upon settlement.
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(21)
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Summary of Existing Mezzanine Debt
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Loan
No.
|
Mortgage Loan
|
Mortgage
Loan
Cut-off
Date
Balance
|
% of Initial
Outstanding
Pool
Balance
|
Mezzanine
Debt
Cut-off
Date
Principal
Balance
|
Annual
Interest
Rate on
Mezzanine
Loan
|
Mezzanine
Loan
Maturity
Date
|
Intercreditor
Agreement
|
Total
Debt
U/W
NCF
DSCR
|
Total
Debt
Cut-off
Date
LTV
|
|||||||||
3
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Puerto Rico Retail Portfolio
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$57,750,000
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6.1%
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$15,000,000
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11.000% (1)
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3/6/2022
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Yes
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1.13x
|
85.2%
|
|||||||||
21
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BB&T Headquarters Building
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$15,328,964
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1.6%
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$8,933,996
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10.000% (2)
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1/6/2013
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Yes
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1.25x
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69.7%
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(22)
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Summary of Existing Secured Debt
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Loan
No.
|
Mortgage Loan
|
Cut-off Date
Balance
|
Subordinate Debt
Cut-off Date
Principal
Balance
|
Annual
Interest
Rate on
Subordinate
Balance
|
Subordinate
Loan
Mautiry
Date
|
Total
Mortgage
Debt U/W
NCF
DSCR
|
Total
Mortgage
Debt
Cut-off
Date LTV
|
||||||||
4
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Hartman Portfolio
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$56,514,846
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$10,000,000
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6.5000%
|
10/1/2018
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1.14x
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73.7%
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(23)
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Loan No. 11 – Piatt Place –The Piatt Place Mortgaged Property is encumbered by several subordinated financings structured as subordinate mortgages to qualify for certain tax credits under the New Markets Tax Credits program. See “Description of the Mortgage Pool – Certain Terms and Conditions of the Mortgage Loans – New Markets Tax Credits” in the free writing prospectus. The total amount of outstanding subordinate debt is $16,813,000.
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