FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206705-04 | ||
DBJPM 2016-C3
The depositor has filed a registration statement (including the prospectus) with the SEC (File No. 333-206705) 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 Securities and Exchange Commission 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 emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.
This free writing prospectus does not contain all information that is required to be included in the prospectus.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
This material is for your information, and none of Deutsche Bank Securities Inc., J.P. Morgan, Academy Securities, or any other underwriter (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.
Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the DBJPM 2016-C3 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2016-C3 (the “Offering Document”). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.
This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. |
||
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||
% of | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | |||||||||||||||||||||||||||
Property | Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | Interest | Administrative | Accrual | Term to | Term to | |||||||||||||||||||||
Flag | ID | Property Name | Balance | Properties | Seller (1) | Balance($) (2)(3) | Balance($) (2)(3) | or ARD Balance($) | Type (4)(5) | Type | Rate | Fee Rate (6) | Basis | Maturity or ARD | Maturity or ARD | |||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | 9.4% | 1 | GACC/JPMCB | 84,000,000 | 84,000,000 | 84,000,000 | Mixed Use | Super Regional Mall / Office | 3.3940% | 0.01095% | Actual/360 | 120 | 120 | |||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | 9.3% | 1 | JPMCB | 83,000,000 | 83,000,000 | 83,000,000 | Office | CBD | 4.1400% | 0.0175% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | 7.3% | 1 | JPMCB | 65,000,000 | 65,000,000 | 65,000,000 | Retail | Super Regional Mall | 4.0920% | 0.0122% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | 7.0% | 1 | JPMCB | 62,500,000 | 62,500,000 | 49,035,545 | Mixed Use | Retail/Office | 3.9660% | 0.0183% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 5 | Yuma Palms (34) | 7.0% | 1 | JPMCB | 62,500,000 | 62,500,000 | 50,922,691 | Retail | Anchored | 4.7300% | 0.0151% | Actual/360 | 120 | 120 | |||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | 5.6% | 1 | JPMCB | 50,000,000 | 50,000,000 | 50,000,000 | Retail | Anchored | 3.7440% | 0.0122% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | 5.1% | 23 | GACC | 46,000,000 | 46,000,000 | 32,745,801 | Self Storage | Self Storage | 3.7200% | 0.0122% | Actual/360 | 120 | 120 | |||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | 0.5% | 1 | GACC | 4,336,678 | 4,336,678 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | 0.4% | 1 | GACC | 3,252,509 | 3,252,509 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | 0.3% | 1 | GACC | 2,858,265 | 2,858,265 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | 0.3% | 1 | GACC | 2,759,705 | 2,759,705 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | 0.3% | 1 | GACC | 2,693,997 | 2,693,997 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | 0.3% | 1 | GACC | 2,661,143 | 2,661,143 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | 0.3% | 1 | GACC | 2,529,729 | 2,529,729 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | 0.3% | 1 | GACC | 2,299,754 | 2,299,754 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | 0.2% | 1 | GACC | 2,135,486 | 2,135,486 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | 0.2% | 1 | GACC | 2,069,778 | 2,069,778 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | 0.2% | 1 | GACC | 1,938,364 | 1,938,364 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | 0.2% | 1 | GACC | 1,829,947 | 1,829,947 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | 0.2% | 1 | GACC | 1,774,096 | 1,774,096 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | 0.2% | 1 | GACC | 1,760,954 | 1,760,954 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | 0.2% | 1 | GACC | 1,698,532 | 1,698,532 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | 0.2% | 1 | GACC | 1,678,820 | 1,678,820 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | 0.2% | 1 | GACC | 1,544,120 | 1,544,120 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | 0.1% | 1 | GACC | 1,169,589 | 1,169,589 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | 0.1% | 1 | GACC | 1,141,664 | 1,141,664 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | 0.1% | 1 | GACC | 1,041,460 | 1,041,460 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | 0.1% | 1 | GACC | 952,755 | 952,755 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | 0.1% | 1 | GACC | 952,755 | 952,755 | Self Storage | Self Storage | |||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | 0.1% | 1 | GACC | 919,902 | 919,902 | Self Storage | Self Storage | |||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | 4.8% | 1 | JPMCB | 42,500,000 | 42,500,000 | 42,500,000 | Office | CBD | 4.1400% | 0.0151% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | 4.3% | 1 | GACC | 38,600,000 | 38,600,000 | 35,170,448 | Hospitality | Extended Stay | 4.2350% | 0.0203% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | 4.3% | 1 | GACC | 38,000,000 | 38,000,000 | 38,000,000 | Hospitality | Full Service | 5.0900% | 0.0151% | Actual/360 | 120 | 116 | |||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | 3.4% | 1 | GACC | 30,140,000 | 30,140,000 | 25,881,925 | Hospitality | Full Service | 4.7100% | 0.0122% | Actual/360 | 120 | 114 | |||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | 3.2% | 1 | JPMCB | 28,200,000 | 28,200,000 | 28,200,000 | Office | CBD | 4.1400% | 0.0151% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | 2.9% | 1 | GACC | 26,000,000 | 25,909,324 | 21,235,445 | Hospitality | Full Service | 4.8000% | 0.0151% | Actual/360 | 120 | 117 | |||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | 2.3% | 1 | GACC | 21,000,000 | 20,903,630 | 15,838,580 | Hospitality | Limited Service | 5.2400% | 0.0151% | Actual/360 | 120 | 117 | |||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | 2.3% | 1 | GACC | 20,750,000 | 20,750,000 | 16,541,153 | Self Storage | Self Storage | 4.1000% | 0.0151% | Actual/360 | 120 | 120 | |||||||||||||||||||
Loan | 16 | 39-25 21st Street | 2.3% | 1 | GACC | 20,750,000 | 20,723,402 | 16,583,464 | Self Storage | Self Storage | 4.1700% | 0.0151% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 17 | River Terrace Inn | 2.2% | 1 | GACC | 20,000,000 | 20,000,000 | 20,000,000 | Hospitality | Full Service | 4.7200% | 0.0151% | Actual/360 | 120 | 117 | |||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | 2.1% | 1 | JPMCB | 19,209,000 | 19,209,000 | 16,816,495 | Retail | Anchored | 4.5000% | 0.0151% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 19 | Oxford at Country Club | 2.0% | 1 | GACC | 18,300,000 | 18,300,000 | 16,771,442 | Multifamily | Garden | 4.6000% | 0.0151% | Actual/360 | 120 | 114 | |||||||||||||||||||
Loan | 20 | Village at Shoal Creek | 1.7% | 1 | GACC | 15,230,000 | 15,230,000 | 12,333,404 | Retail | Anchored | 4.5500% | 0.0151% | Actual/360 | 120 | 120 | |||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | 1.7% | 1 | GACC | 15,000,000 | 15,000,000 | 15,000,000 | Retail | Anchored | 4.2290% | 0.0122% | Actual/360 | 120 | 114 | |||||||||||||||||||
Loan | 22 | 201 Mentor Drive | 1.6% | 1 | GACC | 14,600,000 | 14,600,000 | 12,549,878 | Office | Suburban | 4.7400% | 0.0151% | Actual/360 | 120 | 117 | |||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | 1.3% | 1 | GACC | 11,590,000 | 11,590,000 | 10,999,566 | Retail | Anchored | 4.2500% | 0.0151% | Actual/360 | 84 | 83 | |||||||||||||||||||
Loan | 24 | Clive Daniel Building | 1.1% | 1 | GACC | 9,500,000 | 9,500,000 | 7,693,194 | Retail | Single Tenant | 4.5500% | 0.0151% | Actual/360 | 120 | 120 | |||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | 1.0% | 1 | JPMCB | 8,900,000 | 8,880,794 | 7,373,504 | Retail | Anchored | 5.2400% | 0.0151% | Actual/360 | 120 | 118 | |||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | 0.8% | 1 | GACC | 7,500,000 | 7,474,670 | 6,156,104 | Hospitality | Limited Service | 4.9500% | 0.0151% | Actual/360 | 120 | 117 | |||||||||||||||||||
Loan | 27 | Santiago MHC | 0.8% | 1 | GACC | 7,200,000 | 7,200,000 | 6,197,617 | Manufactured Housing Community | Manufactured Housing Community | 4.8000% | 0.0151% | Actual/360 | 120 | 113 | |||||||||||||||||||
Loan | 28 | Hobson Medical Campus | 0.8% | 1 | GACC | 6,800,000 | 6,792,342 | 5,544,512 | Office | Medical | 4.7500% | 0.0151% | Actual/360 | 120 | 119 | |||||||||||||||||||
Loan | 29 | Preserve at Oslo | 0.7% | 1 | GACC | 6,600,000 | 6,600,000 | 6,085,814 | Multifamily | Garden | 4.9900% | 0.0151% | Actual/360 | 60 | 60 | |||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | 0.6% | 1 | JPMCB | 5,250,000 | 5,237,609 | 4,289,036 | Self Storage | Self Storage | 4.8100% | 0.0151% | Actual/360 | 120 | 118 | |||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | 0.6% | 1 | GACC | 5,200,000 | 5,157,665 | 3,878,201 | Hospitality | Limited Service | 4.9300% | 0.0151% | Actual/360 | 120 | 115 | |||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | 0.5% | 1 | JPMCB | 4,250,000 | 4,239,969 | 3,472,077 | Self Storage | Self Storage | 4.8100% | 0.0151% | Actual/360 | 120 | 118 |
DBJPM 2016-C3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pari Passu | Pari Passu | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Original | Remaining | First | Monthly | Annual | Companion Loan | Companion Loan | Remaining | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Amortization | Amortization | Origination | Payment | Maturity | ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | |||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Term | Term | Date | Date | or ARD Date | (Yes/No) | Maturity Date | Service($) (7) | Service($) (7) | Service($) | Service($) | Period | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | 0 | 0 | 7/11/2016 | 9/1/2016 | 8/1/2026 | No | 8/1/2026 | 240,880 | 2,890,557 | 1,001,019 | 12,012,224 | 120 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | 0 | 0 | 6/24/2016 | 8/1/2016 | 7/1/2026 | No | 7/1/2026 | 290,327 | 3,483,925 | 279,833 | 3,358,000 | 119 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | 0 | 0 | 6/2/2016 | 8/1/2016 | 7/1/2026 | No | 7/1/2026 | 224,728 | 2,696,742 | 1,071,782 | 12,861,383 | 119 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | 300 | 300 | 6/10/2016 | 8/1/2016 | 7/1/2026 | No | 7/1/2026 | 328,726 | 3,944,710 | 986,177 | 11,834,130 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | 360 | 360 | 7/11/2016 | 9/1/2016 | 8/1/2026 | No | 8/1/2026 | 325,277 | 3,903,319 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | 0 | 0 | 6/9/2016 | 8/1/2016 | 7/1/2026 | No | 7/1/2026 | 158,167 | 1,898,000 | 1,052,441 | 12,629,292 | 119 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | 300 | 300 | 7/7/2016 | 9/6/2016 | 8/6/2026 | Yes | 8/6/2036 | 235,750 | 2,828,999 | 248,562 | 2,982,749 | ||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | 0 | 0 | 6/30/2016 | 8/1/2016 | 7/1/2026 | No | 7/1/2026 | 148,661 | 1,783,938 | 119 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | 360 | 360 | 6/22/2016 | 8/6/2016 | 7/6/2026 | No | 7/6/2026 | 189,550 | 2,274,600 | 141,917 | 1,703,004 | 59 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | 0 | 0 | 3/29/2016 | 5/6/2016 | 4/6/2026 | No | 4/6/2026 | 163,422 | 1,961,064 | 116 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | 360 | 360 | 1/11/2016 | 3/6/2016 | 2/6/2026 | No | 2/6/2026 | 156,499 | 1,877,984 | 233,658 | 2,803,891 | 18 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | 0 | 0 | 6/30/2016 | 8/1/2016 | 7/1/2026 | No | 7/1/2026 | 98,641 | 1,183,695 | 119 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | 360 | 357 | 4/28/2016 | 6/6/2016 | 5/6/2026 | No | 5/6/2026 | 136,413 | 1,636,956 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | 300 | 297 | 4/15/2016 | 6/6/2016 | 5/6/2026 | No | 5/6/2026 | 125,718 | 1,508,618 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | 360 | 360 | 7/7/2016 | 9/6/2016 | 8/6/2026 | No | 8/6/2026 | 100,264 | 1,203,164 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | 360 | 359 | 6/24/2016 | 8/6/2016 | 7/6/2026 | No | 7/6/2026 | 101,108 | 1,213,297 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | 0 | 0 | 5/6/2016 | 6/6/2016 | 5/6/2026 | No | 5/6/2026 | 79,759 | 957,111 | 117 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | 360 | 360 | 6/28/2016 | 8/1/2016 | 7/1/2026 | No | 7/1/2026 | 97,329 | 1,167,950 | 35 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | 360 | 360 | 2/1/2016 | 3/6/2016 | 2/6/2026 | No | 2/6/2026 | 93,814 | 1,125,767 | 54 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | 360 | 360 | 7/12/2016 | 9/6/2016 | 8/6/2026 | No | 8/6/2026 | 77,621 | 931,456 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | 0 | 0 | 1/7/2016 | 3/6/2016 | 2/6/2026 | No | 2/6/2026 | 53,597 | 643,160 | 607,429 | 7,289,151 | 114 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | 360 | 360 | 5/5/2016 | 6/6/2016 | 5/6/2026 | No | 5/6/2026 | 76,073 | 912,870 | 21 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | 360 | 360 | 7/6/2016 | 8/6/2016 | 7/6/2023 | No | 7/6/2023 | 57,016 | 684,190 | 47 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | 360 | 360 | 7/8/2016 | 9/6/2016 | 8/6/2026 | No | 8/6/2026 | 48,418 | 581,013 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | 360 | 358 | 5/17/2016 | 7/1/2016 | 6/1/2026 | No | 6/1/2026 | 49,091 | 589,092 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | 360 | 357 | 5/5/2016 | 6/6/2016 | 5/6/2026 | No | 5/6/2026 | 40,033 | 480,393 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | 360 | 360 | 12/10/2015 | 2/6/2016 | 1/6/2026 | No | 1/6/2026 | 37,776 | 453,311 | 17 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | 360 | 359 | 7/6/2016 | 8/6/2016 | 7/6/2026 | No | 7/6/2026 | 35,472 | 425,664 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | 360 | 360 | 7/13/2016 | 9/6/2016 | 8/6/2021 | No | 8/6/2021 | 35,390 | 424,679 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | 360 | 358 | 5/2/2016 | 7/1/2016 | 6/1/2026 | No | 6/1/2026 | 27,577 | 330,920 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | 300 | 295 | 2/16/2016 | 4/6/2016 | 3/6/2026 | No | 3/6/2026 | 30,187 | 362,244 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | 360 | 358 | 5/2/2016 | 7/1/2016 | 6/1/2026 | No | 6/1/2026 | 22,324 | 267,888 |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Crossed | FIRREA | Cut-off | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | |||||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Lockbox (8) | Management (9) | Other Loans | Borrower | NOI DSCR (7)(10)(11) | NCF DSCR (7)(10)(11) | Period (12) | Date | Value ($)(13) | As-of Date | (Yes/No) | Ratio (10)(11)(13)(14) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | Hard | Springing | No | 3.79x | 3.68x | 5 | 1 | 1,220,000,000 | 4/27/2016 | Yes | 35.5% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | Hard | Springing | No | Yes - A | 2.31x | 2.01x | 5 (Twice per year) | 1 | 275,500,000 | 5/19/2016 | Yes | 59.2% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | Hard | Springing | No | Yes - B | 2.43x | 2.33x | 0 | 1 | 738,000,000 | 5/10/2016 | Yes | 50.8% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | Hard | In Place | No | 1.01x | 1.00x | 0 | 1 | 525,000,000 | 5/24/2016 | Yes | 47.6% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | Hard | Springing | No | 1.35x | 1.28x | 0 | 1 | 92,000,000 | 4/1/2016 | Yes | 67.9% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | Hard | Springing | No | Yes - B | 3.41x | 3.28x | 0 | 1 | 1,100,000,000 | 4/26/2016 | Yes | 34.8% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | Soft | Springing | No | 1.68x | 1.64x | 0 | 6 | 140,165,000 | Various | Yes | 67.4% | |||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | 13,200,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | 9,900,000 | 4/25/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | 8,700,000 | 4/25/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | 8,400,000 | 5/2/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | 8,200,000 | 5/2/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | 8,100,000 | 4/26/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | 7,700,000 | 4/26/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | 7,000,000 | 5/2/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | 6,600,000 | 4/26/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | 6,300,000 | 4/25/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | 5,900,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | 5,570,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | 5,400,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | 5,360,000 | 4/28/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | 5,170,000 | 4/25/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | 5,110,000 | 4/20/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | 4,700,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | 3,560,000 | 4/27/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | 3,475,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | 3,170,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | 2,950,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | 2,900,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | 2,800,000 | 4/21/2016 | Yes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | Hard | Springing | No | Yes - A | 2.65x | 2.30x | 5 (Twice per year) | 1 | 101,600,000 | 5/19/2016 | Yes | 41.8% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | Springing Hard | Springing | No | 2.34x | 2.09x | 0 | 6 | 137,500,000 | 6/1/2016 | Yes | 49.1% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | Hard | Springing | No | 2.78x | 2.40x | 0 | 6 | 66,100,000 | 11/9/2015 | Yes | 57.5% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | Hard | Springing | No | 1.85x | 1.62x | 0 | 6 | 91,000,000 | 12/3/2015 | Yes | 65.1% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | Hard | Springing | No | Yes - A | 1.91x | 1.77x | 5 (Twice per year) | 1 | 50,780,000 | 6/9/2016 | Yes | 43.7% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | Hard | Springing | No | 3.07x | 2.09x | 0 | 6 | 88,200,000 | 11/17/2015 | Yes | 29.4% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | Hard | In Place | No | 1.80x | 1.65x | 0 | 6 | 32,400,000 | 1/11/2016 | Yes | 64.5% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | Springing Hard | Springing | No | Yes - C | 1.60x | 1.59x | 0 | 6 | 31,900,000 | 5/27/2016 | Yes | 65.0% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | Springing Hard | Springing | No | Yes - C | 1.49x | 1.48x | 0 | 6 | 31,000,000 | 5/27/2016 | Yes | 66.8% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | Hard | Springing | No | 2.52x | 2.26x | 0 | 6 | 40,500,000 | 12/21/2015 | Yes | 49.4% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | Hard | Springing | No | 1.39x | 1.30x | 0 | 1 | 25,665,000 | 5/18/2016 | Yes | 74.8% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | Springing Soft | Springing | No | 1.50x | 1.45x | 0 | 6 | 26,000,000 | 11/5/2015 | Yes | 70.4% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | Hard | Springing | No | 1.44x | 1.37x | 0 | 6 | 20,500,000 | 6/6/2016 | Yes | 74.3% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | Hard | Springing | No | Yes - B | 2.66x | 2.52x | 0 | 6 | 337,800,000 | 12/3/2015 | Yes | 54.8% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | Hard | Springing | No | 1.37x | 1.26x | 0 | 6 | 20,500,000 | 3/17/2016 | Yes | 71.2% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | Springing Hard | Springing | No | 1.68x | 1.55x | 0 | 6 | 18,100,000 | 2/15/2016 | Yes | 64.0% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | Springing Hard | Springing | No | 1.79x | 1.73x | 0 | 6 | 14,800,000 | 5/13/2016 | Yes | 64.2% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | Springing Hard | Springing | No | 2.09x | 1.73x | 0 | 1 | 15,260,000 | 2/1/2016 | Yes | 58.2% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | Springing Hard | Springing | No | 2.18x | 1.94x | 0 | 6 | 11,000,000 | 1/1/2016 | Yes | 68.0% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | Springing Soft | Springing | No | 1.40x | 1.38x | 0 | 6 | 10,000,000 | 10/19/2015 | Yes | 72.0% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | Hard | Springing | No | 1.67x | 1.61x | 0 | 6 | 10,500,000 | 3/17/2016 | Yes | 64.7% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | Springing Soft | Springing | No | 1.72x | 1.59x | 0 | 6 | 10,000,000 | 4/18/2016 | Yes | 66.0% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | Springing Soft | Springing | No | Yes - D | 1.46x | 1.44x | 0 | 1 | 7,450,000 | 3/9/2016 | Yes | 70.3% | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | Springing Hard | Springing | No | 2.19x | 1.99x | 0 | 6 | 8,000,000 | 11/1/2015 | Yes | 64.5% | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | Springing Soft | Springing | No | Yes - D | 1.46x | 1.43x | 0 | 1 | 6,150,000 | 3/9/2016 | Yes | 68.9% |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Loan per Net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rentable Area | Units | Rentable Area | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | LTV Ratio at | Year | Year | (SF/Units/ | of | (SF/Units/Rooms/ | Prepayment Provisions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Maturity or ARD (10)(11)(13)(14) | Address | City | County | State | Zip Code | Built | Renovated | Rooms/Pads) | Measure | Pads) ($) (10)(11) | (# of payments) (15)(16)(17) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | 35.5% | 865 Market Street | San Francisco | San Francisco | CA | 94103 | 1908, 1988 | 2006 | 794,521 | Sq. Ft. | 545 | L(24), DorYM1(92), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | 59.2% | 2150 Franklin Street and 2101 Webster Street | Oakland | Alameda | CA | 94612 | 1986, 2008 | NAP | 689,302 | Sq. Ft. | 236 | L(25), D(91), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | 50.8% | 433 Opry Mills Drive | Nashville | Davidson | TN | 37214 | 2000 | 2012 | 1,169,633 | Sq. Ft. | 321 | L(25), D(88), O(7) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | 37.4% | 693 Fifth Avenue | New York | New York | NY | 10022 | 1993 | 2015 | 96,514 | Sq. Ft. | 2,590 | L(25), YM1(91), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | 55.4% | 1305-1550 South Yuma Palms Parkway | Yuma | Yuma | AZ | 85365 | 2005 | NAP | 399,083 | Sq. Ft. | 157 | L(25), YM1(92), O(3) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | 34.8% | 3720 South Las Vegas Boulevard | Las Vegas | Clark | NV | 89158 | 2009 | NAP | 262,327 | Sq. Ft. | 1,459 | L(25), D(88), O(7) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | 48.0% | Various | Various | Various | Various | Various | Various | Various | 1,223,463 | Sq. Ft. | 77 | L(24), D(92), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | 2269 Northeast 163rd Street and 2100 Northeast 162nd Street | North Miami Beach | Miami-Dade | FL | 33160 and 33162 | 1963, 1972, 1985, 2001 | NAP | 60,678 | Sq. Ft. | 147 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | 8701 Oso Blanca Road | Las Vegas | Clark | NV | 89166 | 2009 | 2013 | 77,735 | Sq. Ft. | 86 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | 5220 South Jones Boulevard | Las Vegas | Clark | NV | 89118 | 1998 | 2013 | 60,090 | Sq. Ft. | 98 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | 1256 How Lane | North Brunswick | Middlesex | NJ | 08902 | 1988 | NAP | 65,995 | Sq. Ft. | 86 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | 409 Highway 9 South | Englishtown | Monmouth | NJ | 07726 | 1988 | NAP | 61,420 | Sq. Ft. | 90 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | 4014 Forestville Road | District Heights | Prince George’s | MD | 20747 | 2002 | NAP | 37,414 | Sq. Ft. | 146 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | 242 North Camino Mercado | Casa Grande | Pinal | AZ | 85122 | 2008 | NAP | 85,998 | Sq. Ft. | 60 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | 397 State Route 18 | East Brunswick | Middlesex | NJ | 08816 | 1993 | NAP | 39,884 | Sq. Ft. | 118 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | 750 West Appleway Avenue | Coeur D Alene | Kootenai | ID | 83814 | 1945, 1970, 2011 | NAP | 67,895 | Sq. Ft. | 65 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | 3083 West Lake Mead Boulevard | North Las Vegas | Clark | NV | 89032 | 2005 | 2014 | 76,475 | Sq. Ft. | 56 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | 3195 Highway 9 East | Little River | Horry | SC | 29566 | 1996 | 2005 | 82,049 | Sq. Ft. | 49 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | 12200 Portland Avenue | Burnsville | Dakota | MN | 55337 | 2008 | NAP | 47,507 | Sq. Ft. | 79 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | 3060 Keith Bridge Road | Cumming | Forsyth | GA | 30041 | 2007 | 2008 | 60,475 | Sq. Ft. | 60 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | 3307 US Highway 17-92 West | Haines City | Polk | FL | 33844 | 2007 | NAP | 57,390 | Sq. Ft. | 63 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | 400 West Ashley Street | Jacksonville | Duval | FL | 32202 | 1925 | 1996 | 46,773 | Sq. Ft. | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | 1326 & 1402 North Salisbury Boulevard | Salisbury | Wicomico | MD | 21801 | 1990, 2002, 2005 | NAP | 66,545 | Sq. Ft. | 52 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | 5341 Northwest 7th Avenue | Miami | Miami-Dade | FL | 33127 | 1958 | NAP | 10,600 | Sq. Ft. | 299 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | 2309 Angel Oliva Senior Street | Tampa | Hillsborough | FL | 33605 | 1908 | 1976 | 19,719 | Sq. Ft. | 122 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | 4940 Memorial Drive | Stone Mountain | Dekalb | GA | 30083 | 1988 | 1990 | 39,640 | Sq. Ft. | 59 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | 1550 16th Avenue Southwest | Cedar Rapids | Linn | IA | 52404 | 1979 | 2015 | 60,000 | Sq. Ft. | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | 369 North Irby Street | Florence | Florence | SC | 29501 | 1964 | 2012 | 27,068 | Sq. Ft. | 72 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | 301 Robins West Parkway | Warner Robins | Houston | GA | 31088 | 1994 | 1996-2004 | 59,025 | Sq. Ft. | 33 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | 2460 Northwest 36th Street | Miami | Miami-Dade | FL | 33142 | 1965, 1995 | NAP | 13,088 | Sq. Ft. | 144 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | 41.8% | 1901 Harrison Street | Oakland | Alameda | CA | 94612 | 1986 | NAP | 277,655 | Sq. Ft. | 153 | L(25), D(91), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | 44.7% | 340 West 40th Street | New York | New York | NY | 10018 | 2010 | NAP | 310 | Rooms | 217,742 | L(25), D(90), O(5) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | 57.5% | 13534 Bali Way | Marina del Rey | Los Angeles | CA | 90292 | 1964 | 2013-2014 | 164 | Rooms | 231,707 | L(23), YM1(92), O(5) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | 56.6% | 401 Ward Parkway | Kansas City | Jackson | MO | 64112 | 1972 | 2006, 2009, 2011, 2012, 2015 | 366 | Rooms | 205,301 | L(30), D(85), O(5) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | 55.5% | 260 Townsend Street | San Francisco | San Francisco | CA | 94107 | 1986 | 2015 | 65,638 | Sq. Ft. | 430 | L(25), D(91), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | 24.1% | 11111 North 7th Street | Phoenix | Maricopa | AZ | 85020 | 1982 | 2007, 2016 | 584 | Rooms | 44,365 | L(27), D(89), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | 48.9% | 5434 Kearny Mesa Road | San Diego | San Diego | CA | 92111 | 1990 | 2007, 2013 | 147 | Rooms | 142,202 | L(27), D(89), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | 51.9% | 38-01 47th Avenue | Long Island City | Queens | NY | 11101 | 1952 | 2005 | 81,630 | Sq. Ft. | 254 | L(24), D(92), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | 53.5% | 39-25 21st Street | Long Island City | Queens | NY | 11101 | 1925 | 2006 | 66,164 | Sq. Ft. | 313 | L(25), D(91), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | 49.4% | 1600 Soscol Avenue | Napa | Napa | CA | 94559 | 2003 | 2011-2015 | 105 | Rooms | 190,476 | L(27), D(88), O(5) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | 65.5% | 4550 West Mockingbird Lane | Dallas | Dallas | TX | 75209 | 2009 | NAP | 76,426 | Sq. Ft. | 251 | L(25), YM1(92), O(3) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | 64.5% | 2800 West Baker Road | Baytown | Harris | TX | 77521 | 2013 | NAP | 228 | Units | 80,263 | L(30), D(86), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | 60.2% | 8383 North Booth Avenue | Kansas City | Clay | MO | 64158 | 2015 | NAP | 80,093 | Sq. Ft. | 190 | L(24), YM1(89), O(7) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | 54.8% | 5715-62A Richmond Road | Williamsburg | James City | VA | 23188 | 1987 | 2005 | 522,133 | Sq. Ft. | 354 | L(30), D(83), O(7) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | 61.2% | 201 Mentor Drive | Goleta | Santa Barbara | CA | 93111 | 1991 | NAP | 72,043 | Sq. Ft. | 203 | L(27), D(88), O(5) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | 60.8% | 113 East Southern Avenue | Tempe | Maricopa | AZ | 85282 | 1962 | 1994 | 90,862 | Sq. Ft. | 128 | L(25), D(54), O(5) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | 52.0% | 1351 Northwest 2nd Circle | Boca Raton | Palm Beach | FL | 33432 | 2016 | NAP | 68,389 | Sq. Ft. | 139 | L(24), D(92), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | 48.3% | 6800-7020 Highway 6 South | Houston | Harris | TX | 77083 | 1979 | 2008 | 140,576 | Sq. Ft. | 63 | L(25), YM1(91), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | 56.0% | 565 South Mount Juliet Road | Mount Juliet | Wilson | TN | 37122 | 2008 | NAP | 81 | Rooms | 92,280 | L(27), D(89), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | 62.0% | 4650 East Carey Avenue | Las Vegas | Clark | NV | 89115 | 1984 | NAP | 185 | Pads | 38,919 | L(31), D(85), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | 52.8% | 1220 Hobson Road | Naperville | DuPage | IL | 60540 | 1990 | 2015 | 37,042 | Sq. Ft. | 183 | L(25), YM1(88), O(7) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | 60.9% | 2299 10th Road Southwest | Vero Beach | Indian River | FL | 32962 | 2000 | NAP | 176 | Units | 37,500 | L(24), D(32), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | 57.6% | 1125 East Main Street | Mesquite | Dallas | TX | 75149 | 2002 | NAP | 70,860 | Sq. Ft. | 74 | L(26), D(90), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | 48.5% | 105 Okatie Center Boulevard | Okatie | Beaufort | SC | 29909 | 1999 | 2013 | 64 | Rooms | 80,589 | L(29), D(87), O(4) | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | 56.5% | 1480 North Hampton Road | Desoto | Dallas | TX | 75115 | 2002 | NAP | 61,305 | Sq. Ft. | 69 | L(26), D(90), O(4) |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Second Most | Second | Second | Second | Third Most | Third | Third | Third | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | |||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Statements Date | EGI ($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield (10)(11)(14) | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | T-12 3/31/2016 | 90,654,772 | 38,690,784 | 51,963,988 | 12/31/2015 | 88,603,550 | 37,649,371 | 50,954,179 | 12/31/2014 | 84,621,362 | 36,493,338 | 48,128,023 | 13.1% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | T-12 3/31/2016 | 20,515,971 | 9,039,124 | 11,476,847 | 12/31/2015 | 20,216,275 | 8,817,110 | 11,399,165 | 12/31/2014 | 20,721,990 | 8,551,773 | 12,170,217 | 9.7% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | T-12 1/31/2016 | 51,765,862 | 14,870,712 | 36,895,150 | 12/31/2015 | 51,734,040 | 15,026,181 | 36,707,859 | 12/31/2014 | 50,063,915 | 15,076,680 | 34,987,235 | 10.1% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | T-12 3/31/2016 | 19,303,224 | 4,712,493 | 14,590,731 | 12/31/2015 | 18,736,883 | 4,528,682 | 14,208,201 | 12/31/2014 | 8,701,285 | 3,798,967 | 4,902,318 | 6.4% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | T-12 5/31/2016 | 8,695,425 | 2,968,985 | 5,726,440 | 12/31/2015 | 8,856,601 | 2,935,756 | 5,920,845 | 12/31/2014 | 8,654,231 | 2,714,910 | 5,939,321 | 8.5% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | 12/31/2015 | 65,203,201 | 18,826,390 | 46,376,811 | 12/31/2014 | 62,646,345 | 19,004,031 | 43,642,314 | 12/31/2013 | 58,100,295 | 18,045,943 | 40,054,352 | 12.9% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | T-12 5/31/2016 | 13,451,784 | 3,610,425 | 9,841,358 | 12/31/2015 | 11,127,291 | 3,411,829 | 7,715,462 | 12/31/2014 | 6,997,361 | 2,778,371 | 4,218,991 | 10.3% | |||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | T-12 5/31/2016 | 1,180,965 | 293,877 | 887,088 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | T-12 5/31/2016 | 815,732 | 154,516 | 661,216 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | T-12 5/31/2016 | 764,647 | 145,476 | 619,171 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | T-12 5/31/2016 | 828,184 | 221,993 | 606,191 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | T-12 5/31/2016 | 852,878 | 275,666 | 577,212 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | T-12 5/31/2016 | 635,266 | 135,842 | 499,424 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | T-12 5/31/2016 | 598,139 | 185,501 | 412,637 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | T-12 5/31/2016 | 736,818 | 250,565 | 486,254 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | T-12 5/31/2016 | 692,957 | 180,378 | 512,579 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | T-12 5/31/2016 | 570,501 | 138,545 | 431,956 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | T-12 5/31/2016 | 603,691 | 146,756 | 456,935 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | T-12 5/31/2016 | 506,657 | 167,675 | 338,982 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | T-12 5/31/2016 | 502,960 | 122,406 | 380,554 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | T-12 5/31/2016 | 476,601 | 119,124 | 357,477 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | T-12 5/31/2016 | 526,003 | 144,703 | 381,299 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | T-12 5/31/2016 | 597,232 | 142,990 | 454,242 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | T-12 5/31/2016 | 391,993 | 105,906 | 286,088 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | T-12 5/31/2016 | 377,305 | 122,589 | 254,716 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | T-12 5/31/2016 | 396,283 | 121,966 | 274,317 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | T-12 5/31/2016 | 387,858 | 118,220 | 269,637 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | T-12 5/31/2016 | 347,411 | 118,865 | 228,545 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | T-12 5/31/2016 | 305,193 | 90,119 | 215,074 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | T-12 5/31/2016 | 356,510 | 106,747 | 249,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | T-12 3/31/2016 | 9,181,939 | 4,328,563 | 4,853,375 | 12/31/2015 | 9,247,198 | 4,285,831 | 4,961,367 | 12/31/2014 | 8,818,103 | 4,085,004 | 4,733,099 | 11.1% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | T-12 5/31/2016 | 26,990,267 | 17,039,902 | 9,950,365 | 12/31/2015 | 27,966,165 | 17,149,733 | 10,816,433 | 12/31/2014 | 29,674,991 | 17,146,359 | 12,528,633 | 13.8% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | T-12 4/30/2016 | 18,013,329 | 12,833,060 | 5,180,269 | 14.3% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | T-12 3/31/2016 | 26,891,895 | 18,208,890 | 8,683,005 | 12/31/2015 | 27,274,342 | 18,373,735 | 8,900,607 | 12/31/2014 | 26,508,285 | 18,041,763 | 8,466,522 | 11.5% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | T-12 3/31/2016 | 4,508,302 | 1,646,263 | 2,862,039 | 12/31/2015 | 4,329,600 | 1,591,576 | 2,738,024 | 12/31/2014 | 1,632,908 | 1,045,634 | 587,275 | 10.2% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | T-12 3/31/2016 | 40,155,427 | 35,243,354 | 4,912,073 | 12/31/2015 | 38,806,989 | 34,473,330 | 4,333,659 | 12/31/2014 | 35,589,739 | 31,970,490 | 3,619,249 | 19.4% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | T-12 4/30/2016 | 5,783,680 | 2,937,366 | 2,846,314 | 12/31/2015 | 5,859,462 | 3,003,928 | 2,855,534 | 12/31/2014 | 5,432,008 | 2,853,896 | 2,578,111 | 13.0% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | T-12 5/31/2016 | 3,362,799 | 1,360,747 | 2,002,053 | 12/31/2015 | 3,312,591 | 1,405,650 | 1,906,941 | 12/31/2014 | 3,148,703 | 1,472,832 | 1,675,871 | 9.3% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | T-12 4/30/2016 | 2,432,423 | 646,755 | 1,785,668 | 12/31/2015 | 2,413,643 | 664,722 | 1,748,922 | 12/31/2014 | 2,390,168 | 753,380 | 1,636,788 | 8.7% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | T-12 3/31/2016 | 6,766,626 | 4,032,107 | 2,734,519 | 12/31/2015 | 6,606,382 | 3,969,165 | 2,637,217 | 12/31/2014 | 6,113,679 | 3,928,711 | 2,184,968 | 12.0% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | T-12 4/30/2016 | 2,533,671 | 763,573 | 1,770,098 | 12/31/2015 | 2,425,333 | 726,061 | 1,699,272 | 12/31/2014 | 2,029,182 | 628,981 | 1,400,201 | 8.4% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | T-12 3/31/2016 | 3,004,763 | 1,254,635 | 1,750,127 | 12/31/2015 | 2,953,592 | 1,262,710 | 1,690,882 | 12/31/2014 | 2,680,156 | 1,138,913 | 1,541,243 | 9.2% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | 8.8% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | 12/31/2015 | 27,342,048 | 5,297,476 | 22,044,572 | 12/31/2014 | 26,560,402 | 5,848,491 | 20,711,911 | 12/31/2013 | 24,802,246 | 5,159,412 | 19,642,834 | 11.4% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | T-12 2/29/2016 | 2,515,298 | 573,586 | 1,941,712 | 12/31/2015 | 2,345,782 | 542,952 | 1,802,830 | 12/31/2014 | 2,312,988 | 551,133 | 1,761,855 | 8.6% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | T-12 4/30/2016 | 1,585,825 | 423,512 | 1,162,313 | 12/31/2015 | 1,596,777 | 415,055 | 1,181,722 | 12/31/2014 | 1,489,855 | 417,118 | 1,072,737 | 9.9% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | 11.0% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | YTD 5/31/2016 Ann. | 1,734,069 | 612,745 | 1,121,324 | 12/31/2015 | 1,532,569 | 517,944 | 1,014,626 | 12/31/2014 | 1,476,396 | 632,085 | 844,311 | 13.9% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | T-12 3/31/2016 | 2,924,595 | 1,842,229 | 1,082,366 | 12/31/2015 | 2,827,899 | 1,735,525 | 1,092,374 | 12/31/2014 | 2,595,000 | 1,693,956 | 901,044 | 14.0% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | T-12 4/30/2016 | 1,010,987 | 384,932 | 626,054 | 12/31/2015 | 1,001,252 | 395,598 | 605,654 | 12/31/2014 | 996,715 | 406,639 | 590,076 | 8.8% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | T-12 4/30/2016 | 1,220,673 | 347,618 | 873,055 | 12/31/2015 | 1,187,987 | 343,681 | 844,306 | 12/31/2014 | 1,167,597 | 337,335 | 830,262 | 10.4% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | T-12 4/30/2016 | 1,333,253 | 620,054 | 713,199 | 12/31/2015 | 1,284,166 | 689,376 | 594,791 | 12/31/2014 | 1,040,801 | 599,975 | 440,826 | 11.0% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | T-12 3/31/2016 | 740,578 | 243,394 | 497,184 | 12/31/2015 | 724,901 | 236,937 | 487,964 | 12/31/2014 | 714,524 | 192,646 | 521,878 | 9.2% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | T-12 3/31/2016 | 1,795,435 | 925,638 | 869,797 | 12/31/2015 | 1,761,125 | 915,110 | 846,015 | 12/31/2014 | 1,611,351 | 869,341 | 742,010 | 15.4% | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | T-12 3/31/2016 | 602,602 | 174,273 | 428,329 | 12/31/2015 | 583,441 | 171,489 | 411,951 | 12/31/2014 | 558,486 | 150,820 | 407,666 | 9.2% |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | Ownership | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Debt Yield (10)(11)(14) | Revenue($) | EGI($) (4) | Expenses($) | NOI ($) | Reserves($) | TI/LC($) | NCF($) | Interest (18)(19) | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | 12.7% | 58,964,187 | 95,016,729 | 38,462,539 | 56,554,190 | 157,864 | 1,578,636 | 54,817,690 | Fee Simple/Leasehold | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | 8.4% | 25,523,866 | 25,123,345 | 9,339,732 | 15,783,613 | 206,791 | 1,830,259 | 13,746,563 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | 9.7% | 30,376,276 | 52,975,528 | 15,212,634 | 37,762,894 | 233,927 | 1,254,682 | 36,274,285 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | 6.3% | 22,744,589 | 20,153,750 | 4,235,787 | 15,917,963 | 19,303 | 187,508 | 15,711,152 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | 8.0% | 7,074,342 | 8,210,339 | 2,928,641 | 5,281,698 | 67,844 | 199,542 | 5,014,313 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | 12.4% | 51,724,446 | 64,805,737 | 15,337,877 | 49,467,860 | 41,972 | 1,815,657 | 47,610,231 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | 10.1% | 12,172,465 | 13,451,784 | 3,676,925 | 9,774,858 | 252,815 | 9,522,044 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | 978,312 | 1,180,965 | 298,715 | 882,251 | 12,538 | 869,712 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | 747,043 | 815,732 | 157,356 | 658,376 | 16,063 | 642,313 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | 726,860 | 764,647 | 148,143 | 616,503 | 12,417 | 604,086 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | 802,755 | 828,184 | 225,361 | 602,823 | 13,637 | 589,186 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | 694,988 | 852,878 | 279,959 | 572,920 | 12,692 | 560,228 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | 620,490 | 635,266 | 138,240 | 497,026 | 7,731 | 489,295 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | 588,170 | 598,139 | 189,105 | 409,034 | 17,770 | 391,264 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | 667,490 | 736,818 | 254,635 | 482,183 | 8,242 | 473,941 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | 603,587 | 692,957 | 183,848 | 509,109 | 14,030 | 495,079 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | 548,896 | 570,501 | 141,306 | 429,194 | 15,803 | 413,392 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | 581,625 | 603,691 | 149,561 | 454,130 | 16,954 | 437,176 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | 500,664 | 506,657 | 170,352 | 336,305 | 9,817 | 326,488 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | 448,374 | 502,960 | 124,847 | 378,113 | 12,496 | 365,616 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | 458,288 | 476,601 | 121,614 | 354,988 | 11,859 | 343,129 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | 510,187 | 526,003 | 147,492 | 378,511 | 9,665 | 368,846 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | 577,109 | 597,232 | 145,672 | 451,560 | 13,751 | 437,810 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | 238,139 | 391,993 | 108,087 | 283,906 | 2,190 | 281,715 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | 306,646 | 377,305 | 124,902 | 252,403 | 4,075 | 248,328 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | 348,043 | 396,283 | 124,430 | 271,852 | 8,191 | 263,661 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | 363,521 | 387,858 | 120,574 | 267,284 | 12,398 | 254,886 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | 291,364 | 347,411 | 121,567 | 225,844 | 5,593 | 220,251 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | 291,253 | 305,193 | 92,105 | 213,089 | 12,197 | 200,892 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | 278,660 | 356,510 | 109,055 | 247,455 | 2,704 | 244,751 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | 9.6% | 12,162,602 | 9,090,835 | 4,355,369 | 4,735,466 | 75,245 | 565,381 | 4,094,840 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | 12.3% | 25,452,295 | 25,719,857 | 16,383,450 | 9,336,406 | 1,028,794 | 8,307,612 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | 12.4% | 11,728,000 | 18,511,071 | 13,068,686 | 5,442,385 | 740,443 | 4,701,943 | Leasehold | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | 10.1% | 16,317,542 | 26,847,523 | 18,178,634 | 8,668,889 | 1,073,901 | 7,594,988 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | 9.4% | 4,095,114 | 3,851,281 | 1,586,160 | 2,265,121 | 13,784 | 154,651 | 2,096,686 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | 13.2% | 17,307,536 | 40,092,609 | 35,064,837 | 5,027,772 | 1,603,704 | 3,424,068 | Fee Simple/Leasehold | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | 11.9% | 5,720,165 | 5,783,680 | 3,062,433 | 2,721,247 | 231,347 | 2,489,900 | Fee Simple/Leasehold | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | 9.2% | 3,511,357 | 3,328,114 | 1,397,109 | 1,931,005 | 12,194 | 1,918,810 | Leasehold | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | 8.6% | 2,560,572 | 2,425,441 | 623,371 | 1,802,071 | 9,925 | 1,792,146 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | 10.8% | 6,000,902 | 6,170,030 | 3,761,506 | 2,408,525 | 246,801 | 2,161,723 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | 7.9% | 1,778,808 | 2,440,503 | 821,981 | 1,618,522 | 11,464 | 90,503 | 1,516,555 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | 8.9% | 2,946,855 | 2,940,174 | 1,254,329 | 1,685,846 | 57,000 | 1,628,846 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | 8.4% | 1,497,232 | 1,954,748 | 611,709 | 1,343,039 | 12,014 | 58,468 | 1,272,557 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | 10.8% | 20,728,072 | 27,001,994 | 5,877,418 | 21,124,575 | 156,640 | 991,557 | 19,976,379 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | 7.9% | 1,491,270 | 1,953,830 | 699,245 | 1,254,585 | 10,873 | 95,781 | 1,147,930 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | 9.1% | 1,492,842 | 1,582,464 | 434,117 | 1,148,346 | 19,081 | 69,478 | 1,059,787 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | 10.6% | 1,140,045 | 1,508,742 | 466,985 | 1,041,757 | 4,103 | 32,500 | 1,005,154 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | 11.5% | 1,449,140 | 1,768,923 | 538,697 | 1,230,226 | 35,144 | 173,707 | 1,021,375 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | 12.5% | 2,786,194 | 2,868,386 | 1,820,473 | 1,047,913 | 114,735 | 933,177 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | 8.7% | 1,192,144 | 1,010,987 | 375,996 | 634,991 | 9,250 | 625,741 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | 10.1% | 860,085 | 1,053,965 | 344,506 | 709,459 | 7,413 | 15,344 | 686,702 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | 10.2% | 1,407,671 | 1,331,941 | 602,843 | 729,098 | 52,800 | 676,298 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | 9.1% | 758,641 | 740,578 | 256,274 | 484,305 | 7,086 | 477,219 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | 14.0% | 1,754,497 | 1,761,268 | 968,513 | 792,755 | 70,451 | 722,304 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | 9.1% | 602,316 | 602,602 | 212,476 | 390,126 | 6,016 | 384,110 | Fee Simple |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Ground Lease | Ground Lease | Lease | Lease | Lease | Lease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Expiration (19) | Extension Terms (19) | Largest Tenant (20)(21)(22)(23)(25) | SF | Expiration | 2nd Largest Tenant (20)(22)(23)(24) | SF | Expiration | 3rd Largest Tenant (22)(23)(24)(25) | SF | Expiration | 4th Largest Tenant (20)(22)(24)(25) | SF | Expiration | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | 6/30/2043 | One, 15-year option | San Francisco State University | 125,483 | 12/31/2021 | Crunchyroll, Inc. | 71,614 | 1/31/2020 | Century Theatres | 52,636 | 9/30/2021 | Bespoke | 36,977 | 12/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | Pandora Media, Inc. | 183,783 | 9/30/2020 | Kaiser Foundation Health Plan, Inc. | 96,002 | 12/31/2022 | Federal Bureau of Investigation | 76,737 | 10/4/2026 | Cerexa, Inc. | 49,311 | 5/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | Bass Pro Shops | 130,131 | 4/30/2020 | Regal Cinema | 100,056 | 5/31/2020 | Dave & Buster’s | 56,886 | 11/30/2021 | Forever 21 | 53,244 | 1/31/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | Valentino | 14,425 | 7/31/2029 | JDS Development Group | 11,635 | 4/30/2020 | Pierson Capital | 9,629 | 8/31/2020 | Carpenters Workshop Gallery | 5,075 | 2/28/2031 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | Harkins Theatre | 63,255 | 1/31/2020 | Ross Dress for Less | 29,983 | 1/31/2020 | Marshalls | 28,500 | 9/30/2024 | Jo-Ann | 25,056 | 1/31/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | Louis Vuitton | 22,745 | 12/31/2019 | Prada | 15,525 | 12/31/2019 | Gucci | 10,952 | 12/31/2025 | Tiffany & Co. | 10,000 | 1/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | Wells Fargo Bank, N.A. | 87,000 | 12/31/2022 | Burnham & Brown | 40,337 | 12/31/2022 | Burke, Williams & Sorensen, LLP | 16,385 | 5/31/2019 | Regus | 13,841 | 9/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | 2/28/2061 | None | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | Swinerton | 35,121 | 3/31/2026 | Breeze Labs, Inc | 12,832 | 10/31/2021 | Battery Management Corp. | 3,701 | 10/31/2019 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | 3/13/2054 | One, 65-year option | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | 4/22/2028 | Two, 10-year options | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | 2/28/2054 | Five, 10-year options | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | LA Fitness | 37,418 | 2/28/2025 | Family Dollar | 8,286 | 1/31/2026 | US Postal Service | 4,196 | 8/31/2020 | Phoenix Salons | 4,025 | 11/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | Sprouts | 28,439 | 2/28/2030 | Party City | 12,035 | 1/31/2025 | Tuesday Morning | 9,929 | 8/31/2026 | Boot Barn | 8,916 | 8/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | Food Lion | 29,000 | 4/20/2020 | Nike Factory Store | 13,852 | 9/30/2020 | Polo Ralph Lauren | 12,538 | 8/31/2018 | Coach | 10,000 | 1/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | Cottage Health | 17,920 | 2/28/2021 | Truven Health Analytics | 16,172 | 6/30/2017 | CIO Solutions | 9,832 | 9/30/2021 | Tobin Lucks | 9,553 | 7/31/2026 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | Fitness International, LLC | 50,610 | 2/28/2026 | Remy Co. | 7,518 | 8/15/2020 | Pet Club Gilbert LLC | 5,520 | 8/31/2024 | Rent-A-Center | 4,500 | 10/31/2017 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | Clive Daniel Home | 68,389 | 4/15/2036 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | dd’s Discounts | 22,500 | 1/31/2025 | Harbor Freights Tools | 15,446 | 3/31/2024 | Melrose | 13,048 | 1/31/2022 | Dollar General | 10,000 | 11/30/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | Edward Health Ventures | 9,551 | 7/31/2025 | Women’s Center for Health L.P. | 8,863 | 7/31/2017 | DuPage Medical Group, Ltd. | 5,380 | 6/30/2022 | Blue Seas MedSap, LLC | 2,510 | 2/28/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Lease | Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | 5th Largest Tenant (22)(24) | SF | Expiration | Occupancy (25) | As-of Date | Reserves ($) (27) | Reserves ($) (28)(29)(31) | Reserves ($) (27) | Reserves ($) (28)(29)(31) | Reserves ($) (27) | Reserves ($) (28)(29)(29)(31) | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | True Ultimate Standards Every | 28,217 | 2/29/2020 | 95.6% | 4/30/2016 | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | iParadigms, LLC | 48,912 | 6/30/2025 | 98.8% | 3/1/2016 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | Bed Bath & Beyond | 30,966 | 3/31/2022 | 98.6% | 3/14/2016 | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | Louis Licari | 4,847 | 5/31/2025 | 57.1% | 4/1/2016 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | Bealls Outlet | 24,943 | 1/31/2024 | 85.9% | 6/9/2016 | 5,654 | 5,654 | 500,000 | 41,667 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | Ermenegildo Zegna | 9,926 | 12/31/2020 | 87.6% | 4/21/2016 | Springing | 185,000 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | 90.7% | 5/31/2016 | 126,407 | Springing | 645,544 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | NAP | NAP | NAP | 96.0% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | NAP | NAP | NAP | 89.1% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | NAP | NAP | NAP | 95.2% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | NAP | NAP | NAP | 88.8% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | NAP | NAP | NAP | 90.2% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | NAP | NAP | NAP | 92.2% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | NAP | NAP | NAP | 81.8% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | NAP | NAP | NAP | 93.8% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | NAP | NAP | NAP | 97.6% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | NAP | NAP | NAP | 85.3% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | NAP | NAP | NAP | 88.5% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | NAP | NAP | NAP | 98.3% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | NAP | NAP | NAP | 90.6% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | NAP | NAP | NAP | 86.3% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | NAP | NAP | NAP | 96.4% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | NAP | NAP | NAP | 86.4% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | NAP | NAP | NAP | 98.6% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | NAP | NAP | NAP | 94.0% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | NAP | NAP | NAP | 98.7% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | NAP | NAP | NAP | 97.2% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | NAP | NAP | NAP | 92.1% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | NAP | NAP | NAP | 80.4% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | NAP | NAP | NAP | 94.1% | 5/31/2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | Orbach Huff Suarez & Henderson, LLP | 5,840 | 11/30/2019 | 73.0% | 3/31/2016 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | NAP | NAP | NAP | 99.7% | 5/31/2016 | The greater of (i) 4.0% of prior month’s gross revenues and (ii) any amount required under Management Agreement or Franchise Agreement for FF&E Work | 294,193 | 294,193 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | NAP | NAP | NAP | 80.8% | 4/30/2016 | Springing | 96,271 | 32,090 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | NAP | NAP | NAP | 66.7% | 3/31/2016 | The greater of (i) 4.0% of prior month’s gross revenues and (ii) any amount required under Management Agreement or Franchise Agreement for FF&E Work | 145,115 | 72,557 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | NAP | NAP | NAP | 78.7% | 4/1/2016 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | NAP | NAP | NAP | 56.2% | 3/31/2016 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | NAP | NAP | NAP | 76.8% | 4/30/2016 | The greater of (i) 4.0% of prior month’s gross revenues and (ii) any amount required under Management Agreement or Franchise Agreement for FF&E Work | 13,467 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | NAP | NAP | NAP | 92.4% | 6/2/2016 | 1,016 | 20,086 | 10,043 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | NAP | NAP | NAP | 89.1% | 4/30/2016 | 827 | 3,861 | 3,861 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | NAP | NAP | NAP | 71.1% | 3/31/2016 | The greater of (i) 4.0% of prior month’s rent and (ii) the then-current amount required by the Approved Annual Budget | 20,393 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | Leslie’s Pools | 2,824 | 12/31/2017 | 100.0% | 6/30/2016 | 955 | 955 | 8,333 | 8,333 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | NAP | NAP | NAP | 98.7% | 3/31/2016 | 4,750 | 91,391 | 45,696 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | Sleep & Co | 6,007 | 9/30/2022 | 96.2% | 4/30/2016 | 1,001 | 3,337 | 170,466 | 18,941 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | The North Face | 9,492 | 11/30/2022 | 95.2% | 12/10/2015 | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | Applied Research Associates | 8,202 | 5/31/2023 | 92.1% | 5/1/2016 | 36,245 | Springing | 159,836 | 8,457 | 54,428 | 13,607 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | Venezia’s NY Style Pizzeria | 4,462 | 12/31/2019 | 92.6% | 6/28/2016 | 1,590 | 5,790 | 45,217 | 15,072 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | NAP | NAP | NAP | 100.0% | 8/6/2016 | 859 | 2,708 | 37,586 | 4,176 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | Fresenius Medical Care | 9,455 | 9/30/2017 | 88.7% | 4/12/2016 | 2,929 | 2,929 | 11,715 | 11,715 | 141,155 | 23,526 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | NAP | NAP | NAP | 81.3% | 3/31/2016 | 300,000 | The greater of (i) 4.0% of prior month’s gross revenues and (ii) any amount required under Management Agreement or Franchise Agreement for FF&E Work | 13,452 | 4,484 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | NAP | NAP | NAP | 80.0% | 4/30/2016 | 771 | 15,164 | 3,791 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | Oakbrook Allergists S.C. | 2,051 | 2/28/2019 | 87.8% | 7/8/2016 | 618 | 475,000 | 4,633 | 74,083 | 12,347 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | NAP | NAP | NAP | 94.3% | 3/31/2016 | 4,400 | 67,310 | 6,731 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | NAP | NAP | NAP | 95.9% | 3/31/2016 | 7,086 | Springing | 87,975 | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | NAP | NAP | NAP | 75.9% | 3/31/2016 | The greater of (i) 4.0% of prior month’s gross revenues and (ii) any amount required under Management Agreement or Franchise Agreement for FF&E Work | 15,219 | 5,073 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | NAP | NAP | NAP | 97.2% | 3/31/2016 | 6,016 | Springing | 79,000 | Springing |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Upfront | Monthly | Upfront | Upfront | Monthly | Other | Environmental | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Insurance | Insurance | Engineering | Other | Other | Reserves | Report | Engineering | Loan | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Reserves($) (27) | Reserves ($) (28)(31) | Reserve($) (27) | Reserves ($) (27) | Reserves ($) (28)(29)(30)(31) | Description | Date | Report Date | Purpose | Sponsor (26) | Guarantor (26)(32) | Previous Securitization | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | Springing | Springing | Ground Rent Reserve (Springing Monthly: Ground Rent Funds) | 5/5/2016 | 5/5/2016 | Refinance | Westfield America, Inc. | Westfield America, Inc. | LBUBS 2007-C1 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | Springing | 1,500,000 | 14,202,311 | Outstanding TI Reserve (Upfront: 11,893,677); Free Rent Reserve (Upfront: 2,308,634) | 5/24/2016 | 5/21/2016 | Recapitalization | CIM Commercial Trust Corporation | CIM Commercial Trust Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | Springing | 5/13/2016 | 5/13/2016 | Refinance | Simon Property Group, L.P. | Simon Property Group, L.P. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | Springing | 3,327,853 | Outstanding TI Reserve (Upfront: 3,022,060); Free Rent Reserve (Upfront: 305,793) | 4/15/2016 | 4/15/2016 | Acquisition | Marc de Lacharrière | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | Springing | 1,619,645 | Springing | Sports Authority Reserve (Upfront: 935,000); Rent Abatement Reserve (Upfront: 627,000); Outstanding TI Reserve (Upfront: 57,645); Additional Collateral Reserve (Monthly: Springing) | 5/17/2016 | 5/17/2016 | Refinance | Inland Private Capital Corporation | Inland Private Capital Corporation | WBCMT 2006-C27 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | Springing | 2/5/2016 | 5/13/2016 | Recapitalization | Simon Property Group, L.P.; ICRE REIT Holdings | Simon Property Group, L.P.; ICRE REIT Holdings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | Springing | 388,906 | Recapitalization | AMERCO | AMERCO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | 5/18/2016 | 5/18/2016 | LBUBS 2006-C1 (2269 Northeast 163rd Street) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | 5/18/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | 5/18/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | 5/20/2016 | 5/18/2016 | GCCFC 2007-GG9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | 5/25/2016 | 5/9/2016 | BACM 2007-C3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | 5/19/2016 | 5/18/2016 | GSMS 2007-GG10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | 5/11/2016 | 5/6/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | 5/20/2016 | 5/18/2016 | LBUBS 2006-C1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | 5/19/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | 5/18/2016 | 5/6/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | 5/18/2016 | 5/9/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | 5/9/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | 5/18/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | 5/23/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | 5/11/2016 | 5/18/2016 | LBUBS 2006-C1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | 5/19/2016 | 5/18/2016 | MLCFC 2007-9 (1326 North Salisbury Boulevard) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | 5/18/2016 | 5/10/2016 | LBUBS 2006-C1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | 5/11/2016 | 5/18/2016 | LBUBS 2006-C1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | 5/25/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | 5/19/2016 | 5/18/2016 | MLCFC 2007-7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | 5/18/2016 | 5/9/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | 5/25/2016 | 5/18/2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | 5/12/2016 | 5/18/2016 | LBUBS 2006-C1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | Springing | 2,488,938 | Outstanding TI Reserve (Upfront: 2,444,444); Free Rent Reserve (Upfront: 44,494) | 5/24/2016 | 5/23/2016 | Recapitalization | CIM Commercial Trust Corporation | CIM Commercial Trust Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | 73,163 | 18,291 | Springing | PIP Reserve (Springing Monthly: Excess Cash Flow) | 5/27/2016 | 5/27/2016 | Refinance | Krishna K. Mehta; Chandra Mehta | Krishna K. Mehta; Chandra Mehta | MSC 2011-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | Springing | 205,061 | 1,668 | Ground Rent Reserve (Upfront: 205,061; Monthly: Ground Rent Funds); Ground Lease Extension Fee (Monthly: 1,668) | 1/25/2016 | 11/12/2015 | Refinance | Invest West Financial Corporation | Invest West Financial Corporation | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | Springing | 15,898,677 | Springing | PIP (Upfront: 15,898,677; Monthly: Springing); Low Debt Service Cure Reserve (Future one-time deposit: Springing) | 12/9/2015 | 12/9/2015 | Acquisition | TH Investment Holdings II, LLC | TH Investment Holdings II, LLC | WBCMT 2006-C23 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | Springing | 6,798,334 | Vacant Space Reserve (Upfront: 6,000,000); Outstanding TI/LC Reserve (Upfront: 683,472); Free Rent Reserve (Upfront: 114,862) | 6/21/2016 | 6/22/2016 | Recapitalization | CIM Commercial Trust Corporation | CIM Commercial Trust Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | Springing | 724,638 | 11,556,019 | Springing | Renovation Work Reserve (Upfront: 7,000,000); Pipeline Work Reserve (Upfront: 3,712,769) Debt Service Reserve (Upfront: 825,000); Ground Rent Reserve (Upfront: 18,250; Monthly: Springing); Seasonal Working Capital Reserve (Monthly: Springing) | 12/1/2015 | 12/2/2015 | Recapitalization | Andrew Segal | Andrew Segal | BSCMS 2006-T24 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | 2,435 | 2,435 | 13,750 | 1,101,298 | Springing | PIP Reserve (Upfront: 1,081,100); Ground Rent (Upfront: 20,198; Springing Monthly: Ground Rent Funds) | 3/17/2016 | 1/18/2016 | Refinance | Jeffrey A. Carlstead | Jeffrey A. Carlstead | WBCMT 2007-C30 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | Springing | 150,000 | Springing | Ground Rent Reserve (Upfront: 150,000; Monthly: Springing) | 6/7/2016 | 6/7/2016 | Refinance | Steven J. Guttman | Steven J. Guttman | WFCM 2010-C1 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | Springing | 6/8/2016 | 6/7/2016 | Refinance | Steven J. Guttman | Steven J. Guttman | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | Springing | 11,470 | 2,500,000 | Springing | Hotel Expansion Reserve (Upfront: 2,500,000); Seasonal Working Capital Reserve (Monthly: Springing) | 1/6/2016 | 1/6/2016 | Refinance | Robert Gustin | Robert Gustin | WBCMT 2006-C26 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | Springing | 5/25/2016 | 5/24/2016 | Acquisition | William L. Hutchinson; Donald Engle | William L. Hutchinson; Donald Engle | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | 3,692 | 6,186 | 11/13/2015 | 11/13/2015 | Acquisition | Oxford Enterprises, Inc. | Oxford Enterprises, Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | 11,090 | 1,232 | 6,250 | 1,651,914 | Springing | Tuesday Morning Occupancy Reserve (Upfront: 1,170,000); Tuesday Morning TI Reserve (Upfront: 348,130); Tuesday Morning Rent Abatement Reserve (Upfront: 114,184); Outstanding Yogurtini TI Reserve (Upfront: 19,600); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 6/7/2016 | 6/7/2016 | Refinance | Kevin T. Kelly; Daniel K. Carr; Richard D. Baier; Daniel K. Carr Trust Under Trust Agreement Dated June 1, 2006; Richard D. Baier Trust Under Trust Agreement Dated November 1, 2006 | Kevin T. Kelly; Daniel K. Carr; Richard D. Baier; Daniel K. Carr Trust Under Trust Agreement Dated June 1, 2006; Richard D. Baier Trust Under Trust Agreement Dated November 1, 2006 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | Springing | 12/11/2015 | 12/11/2015 | Refinance | Simon Property Group, L.P. | Simon Property Group, L.P. | WBCMT 2006-C26; WBCMT 2006-C27; RREF 2007-1A | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | Springing | 231,590 | Springing | Free Rent Reserve (Upfront: 231,590); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 2/11/2016 | 2/11/2016 | Refinance | Jeffrey C. Bermant | Jeffrey C. Bermant | BSCMS 2006-T22 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | Springing | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 3/4/2016 | 3/4/2016 | Refinance | Edward G. Hudson; Mark Hamermesh; Gary Grabel | Edward G. Hudson; Mark Hamermesh; Gary Grabel | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | 30,502 | 3,813 | 438 | Springing | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) | 5/24/2016 | 5/24/2016 | Refinance | Malcolm Butters; Mark Butters | Malcolm Butters; Mark Butters | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | Springing | 126,250 | 1,003,782 | dd’s Discounts Reserve (Upfront: 750,000); Outstanding TI/LC Reserve : (Upfront: 238,540); CSL Plasma Gap Rent Reserve: (Upfront: 15,242) | 1/18/2016 | 3/11/2016 | Acquisition | Hartman Short Term Income Properties XX, Inc. | Hartman Short Term Income Properties XX, Inc. | GSMS 2006-FL8A; GCCFC 2006-GG7 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | 14,324 | 1,229 | 625 | 55,000 | Springing | Seasonality Reserve (Upfront: 55,000, Monthly: Springing); PIP Reserve (Springing Monthly: Excess Cash Flow) | 1/22/2016 | 1/22/2016 | Refinance | Jatin Patel; Chittal Patel | Jatin Patel; Chittal Patel | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | 9,471 | 1,353 | 11/4/2015 | 11/4/2015 | Refinance | Kim W. Eggleston | Kim W. Eggleston | JPMCC 2007-LDPX | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | 14,299 | 869 | 236,106 | 127,391 | Fox Valley Rent Abatement Reserve (Upfront: 12,391); Outstanding Rush-Copley TI Reserve (Upfront: 100,000); Outstanding Fox Valley TI Reserve (Upfront: 15,000) | 3/31/2016 | 3/28/2016 | Refinance | Thomas M. Fencl | Thomas M. Fencl | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | Springing | 8,750 | 5/24/2016 | 5/24/2016 | Refinance | Naimisha Barot | Naimisha Barot | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | 12,754 | Springing | 3/16/2016 | 3/17/2016 | Refinance | Roberto R. Alvarez | Roberto R. Alvarez | BACM 2006-5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | 4,351 | 2,176 | 6,956 | 345,000 | PIP Reserve (Upfront: 325,000); Seasonal Working Capital Reserve (Upfront: 20,000) | 12/29/2015 | 12/30/2015 | Refinance | Sanjay Patel; Charan Singh; Parvinder Singh | Sanjay Patel; Charan Singh; Parvinder Singh | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | 11,772 | Springing | 3/14/2016 | 3/15/2016 | Refinance | Roberto R. Alvarez | Roberto R. Alvarez | BACM 2006-5 |
DBJPM 2016-C3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Existing | Future Debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | Additional Debt | Permitted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Flag | ID | Property Name | Amount | Existing Additional Debt Description | Type | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Westfield San Francisco Centre (33) | 474,000,000 | $349,077,000 Pari Passu Debt; $124,923,000 Subordinate Secured Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Center 21 (33)(34) | 80,000,000 | Pari Passu Debt | Mezzanine | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Opry Mills (33)(34) | 310,000,000 | Pari Passu Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | 693 Fifth Avenue (33) | 187,500,000 | Pari Passu Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | Yuma Palms (34) | None | Unsecured Subordinate Guarantor Loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | The Shops at Crystals (33)(34) | 500,000,000 | $332.7 Million Pari Passu Debt; $167.3 Million Subordinate Secured Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | U-Haul AREC Portfolio (33) | 48,500,000 | Pari Passu Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.01 | U-Haul N Miami Beach | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.02 | U-Haul Moving & Storage At Oso Blanca | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.03 | U-Haul Moving & Storage Of Spring Valley | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.04 | U-Haul Moving & Storage Of North Brunswick | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.05 | U-Haul Moving & Storage Of Marlboro | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.06 | U-Haul Moving & Storage Of Forestville Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.07 | U-Haul Moving & Storage Of Casa Grande | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.08 | U-Haul Moving & Storage Of East Brunswick | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.09 | U-Haul Coeur D Alene | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.10 | U-Haul Moving & Storage At W Lake Mead Blvd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.11 | U-H Moving & Storage Of Little River | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.12 | U-Haul Moving & Storage At Hwy 13 & Portland Ave | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.13 | U-Haul Storage Of Cumming | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.14 | U-Haul Moving & Storage Of Haines City | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.15 | U-Haul Storage Of Downtown | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.16 | U-Haul Moving & Storage Of Salisbury | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.17 | U-Haul Center Dade County | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.18 | U-Haul Moving & Storage Of Historic Ybor City | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.19 | U-Haul Of Stone Mountain | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.20 | U-Haul Moving & Storage Of Cedar Rapids | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.21 | U-Haul Center North Irby St | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.22 | U-Haul Moving And Storage Of West Warner Robins | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 7.23 | U-Haul 36th Street | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 1901 Harrison Street (34) | None | Mezzanine | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | Staybridge Suites Times Square (33) | 28,900,000 | Pari Passu Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | Marina Del Rey Hotel (34) | None | Mezzanine | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Intercontinental Kansas City Hotel (33) | 45,000,000 | Pari Passu Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | 260 Townsend Street (34) | None | Mezzanine | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Pointe Hilton Tapatio Cliffs Resort (34) | None | Mezzanine | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Hampton Inn - San Diego/Kearny Mesa | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | 38-01 47th Avenue | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | 39-25 21st Street | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | River Terrace Inn | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | The Shops at Mockingbird | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | Oxford at Country Club | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Village at Shoal Creek | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Williamsburg Premium Outlets (33) | 170,000,000 | Pari Passu Debt | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | 201 Mentor Drive | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | Valley Fair Shopping Center | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Clive Daniel Building | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Mission Bend Shopping Center | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | Holiday Inn Express Mt. Juliet | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | Santiago MHC | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | Hobson Medical Campus | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Preserve at Oslo | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | Grizzly Self-Storage Mesquite | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | Fairfield Hilton Head | None | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | Grizzly Self-Storage Desoto | None | NAP |
DBJPM 2016-C3 | |
FOOTNOTES TO ANNEX A-1 | |
(1) | GACC—German American Capital Corporation or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates. |
(2) | Loan No. 1 – Westfield San Francisco Centre – The Original Balance ($) and Cut-off Date Balance ($) of $84.0 million represent the senior non-controlling Notes A-1-EMP-C1, A-1-SFC-C1, A-2-EMP-C1 and A-2-SFC-C1 of a $558.0 million whole loan evidenced by 28 promissory notes: 24 pari passu senior notes with an aggregate original principal balance of $433.077 million and four subordinate notes with an aggregate original principal balance of $124.923 million. Eight of the Senior Notes with an aggregate original principal balance of $182.019 million and all of the Junior Notes are expected to be contributed to the DBJPM 2016-SFC mortgage trust. The remaining Senior Notes are expected to be held by DBNY or an affiliate and JPMCB or an affiliate and contributed to one or more future securitizations. |
Loan No. 2 – Center 21 – The Original Balance ($) and Cut-off Date Balance ($) of $83.0 million represent the controlling Note A-2 of a $163.0 million whole loan evidenced by two senior pari passu notes. The pari passu companion loan is the non-controlling Note A-1 in the original principal amount of $80.0 million, which is expected to be included in the JPMCC 2016-JP2 securitization. | |
Loan No. 3 – Opry Mills – The Original Balance ($) and Cut-off Date Balance ($) of $65.0 million represent the non-controlling Note A-2 of a $375.0 million whole loan evidenced by five senior pari passu notes. The pari passu companion loans are the controlling Note A-1 in the original principal amount of $80.0 million, which is expected to be included in the JPMCC 2016-JP2 securitization, the non-controlling Note A-3 in the original principal amount of $80.0 million, which is currently held by JPMCB, and the non-controlling Notes A-4 and A-5 in the original principal amount of $70.0 million and $80.0 million, respectively, which are currently held by Citigroup Global Markets Realty Corp. | |
Loan No. 4 – 693 Fifth Avenue – The Original Balance ($) and Cut-off Date Balance ($) of $62.5 million represent the controlling Note A-2 of a $250.0 million whole loan evidenced by four senior pari passu notes. The pari passu companion loans are the non-controlling Note A-1 in the original principal amount of $65.0 million, which is expected to be included in the JPMCC 2016-JP2 securitization, and the non-controlling Notes A-3 and A-4, with original principal amounts of $80.0 and $42.5 million, respectively, which are currently held by JPMCB. | |
Loan No. 6 – The Shops at Crystals – The Original Balance ($) and Cut-off Date Balance ($) of $50.0 million represent the aggregate original principal balance of the non-controlling Note A-1-B-2 and Note B-1-B-2 of a $550.0 million whole loan evidenced by the following: (i) two tranches of companion loans, each comprised of 11 pari passu notes (the A Notes consisting of Note A-1-A, Note A-2-A, Note A-3-A, Note A-1-B-1, Note A-1-B-2, Note A-2-B-1, Note A-2-B-2, Note A-2-B-3, Note A-3-B-1, Note A-3-B-2 and Note A-3-B-3; and the B Notes consisting of Note B-1-A, Note B-2-A, Note B-3-A, Note B-1-B-1, Note B-1-B-2, Note B-2-B-1, Note B-2-B-2, Note B-2-B-3, Note B-3-B-1, Note B-3-B-2 and Note B-3-B-3), and (ii) three subordinate companion loans, each comprised of three pari passu notes (the C Notes consisting of Note C-1, Note C-2 and Note C-3; the D Notes consisting of Note D-1, Note D-2 and Note D-3; and the E Notes consisting of Note E-1, Note E-2 and Note E-3). The non-controlling Note A-1-B-1 and Note B-1-B-1 in the aggregate original principal amount of $50.0 million were included in the JPMCC 2016-JP2 securitization. The controlling Note A-1-A and the non-controlling Notes A-2-A, A-3-A, B-1-A, B-2-A, B-3-A, C Notes, D Notes and E Notes, with an aggregate original principal balance of $300.0 million were included in the SHOPS 2016-CSTL securitization. The remaining notes are currently held by Wells Fargo Bank, National Association and Bank of America, N.A. | |
Loan No. 7 – U-Haul AREC Portfolio – The Original Balance ($) and Cut-off Date Balance ($) of $46.0 million represent the aggregate balance of the non-controlling Note A-2 in the original principal amount of $46.0 million of a $94.5 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the controlling Note A-1 in the original principal amount of $48.5 million which is currently held by GACC or an affiliate. | |
Loan No. 9 – Staybridge Suites Times Square – The Original Balance ($) and Cut-off Date Balance ($) of $38.6 million represent the aggregate balance of the controlling Note A-1 in the original principal amount of $38.6 million of a $67.5 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the non-controlling Note A-2 in the original principal amount of $28.9 million which is currently held by Citigroup Global Markets Realty Corp. or an affiliate. | |
Loan No. 11 – Intercontinental Kansas City Hotel – The Original Balance ($) and Cut-off Date Balance ($) of $30.14 million represent the non-controlling Note A-2 of a $75.14 million whole loan evidenced by two pari passu notes. The pari passu companion loan is the controlling Note A-1 in the original principal amount of $45.0 million, which was included in the COMM 2016-DC2 mortgage trust. | |
Loan No. 21 – Williamsburg Premium Outlets – The Original Balance ($) and Cut-off Date Balance ($) of $15.0 million represent the aggregate original principal balance of the non-controlling Note A-5-B in the original principal amount of $15.0 million. The pari passu companion loans are the controlling Note A-1 and Note A-6 in the aggregate original principal amount of $70.0 million which were included in the DBJPM 2016-C1 mortgage trust, the non-controlling Note A-2 in the original principal balance amount of $40.0 million, the non-controlling Note A-5-A in the original principal amount of $10.0 million which were contributed to the JPMDB 2016-C2 mortgage trust, the non-controlling Note A-3 in the original principal balance amount of $25.0 million and the non-controlling Note A-4 in the original principal amount of $25.0 million, which were included in the COMM 2016-DC2 mortgage trust. | |
(3) | With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance” and “Cut-off Date Balance” reflect the Allocated Loan Amount for such Mortgaged Property. |
(4) | Loan No. 1 – Westfield San Francisco Centre – The Mortgaged Property consists of approximately 553,366 sq. ft. of retail space and approximately 241,155 sq. ft. of office space. |
Loan No. 2 – Center 21 – The Mortgaged Property is identified as an office property, but approximately 7,468 sq. ft. consists of retail space. | |
Loan No. 4 – 693 Fifth Avenue – The Mortgaged Property consists of approximately 82,089 sq.ft. of office space and 14,425 sq. ft. of retail space. | |
Loan No. 7 – U-Haul AREC Portfolio – The U-Haul AREC Portfolio Mortgaged Properties consists of 23 properties with two additional remote properties rolled up within the parent properties in U-Haul N Miami Beach and U-Haul Moving and Storage Of Salisbury. | |
Loan No. 8 – 1901 Harrison Street – The Mortgaged Property is identified as an office property, but approximately 2,668 sq. ft. consists of retail space. | |
Loan No. 12 – 260 Townsend Street – Approximately 6.1% of Underwritten EGI ($) for the Mortgage Loan is attributable to a parking garage at the Mortgaged Property. | |
(5) | Loan No. 29 – Preserve at Oslo – The Mortgaged Property is a rent restricted community that was operating under a tax-credit land use restriction agreement (LURA) program in which 100% of the units were required to be leased to tenants with incomes at or below 60% of the area median income. The tax credit compliance expired in 2014, however, in 2013 the borrower obtained a state apartment incentive loan (SAIL) extremely low income loan (the “ELI loan”) and a LURA mortgage was placed on the Mortgage Property, which extended the LURA compliance period for an additional 30 years. The ELI Loan also includes additional affordable housing use restrictions that state that 5% (nine units) be leased to tenants with income levels at or below 35% of the area median income, and in addition, 50% of the 35% area median income units (four units) be made available to special needs households. The ELI Loan has an original principal balance of $675,000 (and an outstanding principal balance of approximately $494,901). Provided there are no defaults under the ELI Loan, the ELI Loan has no repayment obligations and will self-amortize at the rate of 1/15 every year automatically. |
(6) | The Administrative Fee Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub-servicing fee, trustee/certificate administrator fee, operating advisor fee and CREFC® license fee with respect to each Mortgage Loan. For purposes of this Annex A-1, the definition of Administrative Fee Rate as it relates to any Non-Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub-servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non-Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. The Pari Passu Loan Primary Servicing Fee Rate for the Westfield San Francisco Centre Loan will be 0.00125%.The Pari Passu Loan Primary Servicing Fee Rate for the Center 21 Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the Opry Mills Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the 693 Fifth Avenue Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for The Shops at Crystals Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the U-Haul AREC Portfolio Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the Staybridge Suites Times Square Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the Intercontinental Kansas City Hotel Loan will be 0.00250%. The Pari Passu Loan Primary Servicing Fee Rate for the Williamsburg Premium Outlets Loan will be 0.00250%. |
(7) | Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date is shown based on the interest only payments during the 12 month period following the Cut off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments. |
(8) | “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 required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to 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. “Soft Springing Hard” means that the borrower has established 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. Upon a trigger event (as specified in the related Mortgage Loan documents), each tenant will be required to transfer its rent directly into a lender-controlled lockbox. |
(9) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due 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). |
(10) | Loan No. 1 – Westfield San Francisco Centre – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the Westfield San Francisco Centre subordinate companion loan. |
Loan No. 2 – Center 21 – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loan in the aggregate. | |
Loan No. 3 – Opry Mills – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loan. | |
Loan No. 4 – 693 Fifth Avenue – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 6 – The Shops at Crystals – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude the subordinate companion loans. | |
Loan No. 7 – U-Haul AREC Portfolio – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 9 – Staybridge Suites Times Square – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 11 – Intercontinental Kansas City Hotel – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
Loan No. 21 – Williamsburg Premium Outlets – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate. | |
(11) | Loan No. 1 – Westfield San Francisco Centre – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) calculations exclude Westfield San Francisco Centre subordinate secured debt. |
Loan No. 6 – The Shops at Crystals – The Underwritten NOI DSCR, Underwritten NCF DSCR, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms/Pads) ($) calculations exclude The Shops at Crystals subordinate secured debt. | |
(12) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A 1 to this preliminary prospectus. |
Loan No. 1 – Westfield San Francisco Centre – The late payment fee will be waived if any principal, interest or any other sum due under the loan documents (other than the outstanding principal balance due and payable on the maturity date) is paid within five business days following the date on which it is due. |
Loan No. 2 – Center 21 – There is a grace period without notice for any payments of principal, interest or any other sums due under the loan documents of five business days following the date on which it is due. However, such grace period may not be exercised more than twice during any 12-month period. | |
Loan No. 5 – Yuma Palms – During a cash sweep period caused by a low debt service coverage ratio, the Mortgage Loan documents provide that failure to pay any portion of the Mortgage Loan when due is not a default to the extent there are sufficient funds in the cash management account to pay such amounts (and, to the extent there is no other event of default, there will be no late payment fee for such failure). | |
Loan No. 8 – 1901 Harrison Street– There is a grace period without notice for any payments of principal, interest or any other sums due under the loan documents of five business days following the date on which it is due. However, such grace period may not be exercised more than twice during any 12-month period. | |
Loan No. 12 – 260 Townsend Street – There is a grace period without notice for any payments of principal, interest or any other sums due under the loan documents of five business days following the date on which it is due. However, such grace period may not be exercised more than twice during any 12-month period. | |
Loan No. 13 – Pointe Hilton Tapatio Cliffs Resort – The late payment fee will be waived once per year if any principal, interest or any other sum due under the loan documents (other than the outstanding principal balance due and payable on the maturity date) is paid within five business days following the date on which it is due. | |
Loan No. 21 – Williamsburg Premium Outlets – The late payment fee will be waived if any principal, interest or any other sum due under the loan documents (other than the outstanding principal balance due and payable on the maturity date) is paid within five business days following the date on which it is due. | |
(13) | Loan No. 22 – 201 Mentor Drive – The Appraised Value ($), Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on the “As Complete” appraised value of $20.5 million as of March 17, 2016. The “As Complete” value reflects the payment of outstanding TI/LCs which were outstanding as of the date of the appraiser’s value. The TI/LCs were paid at closing with the remaining reserved at closing. Based on the “As-Is” appraised value of $19.0 million as of March 17, 2016, the Cut-off Date LTV and LTV Ratio at Maturity or ARD are 76.8% and 66.1%, respectively. |
Loan No. 25 – Mission Bend Shopping Center – The Appraised Value ($), Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on the “Hypothetical As-Is” appraised value of $15,260,000, which assumes that two tenants that had executed leases at the time of valuation but had not yet taken occupancy, have taken occupancy of their spaces and that all outstanding tenant improvements, leasing commissions, rent loss and expense reimbursements have been paid. At origination, the borrower deposited amounts equal to all outstanding tenant improvements, leasing commissions and free rent. Based on the “As-Is” appraised value of $14,690,000 as of February 1, 2016, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are 60.5% and 50.2%, respectively. | |
(14) | Loan No. 11 – Intercontinental Kansas City Hotel – The Cut-off Date LTV Ratio is based on the “As-Is” value of $91,000,000 and is calculated net of the approximately $15.9 million PIP upfront reserve. Based on the full $75.14 million loan amount, the Cut-off Date LTV Ratio is 82.6%. The LTV Ratio at Maturity or ARD was calculated using the “As Stabilized” value of $114,000,000 as of January 1, 2018. The “As Stabilized” value assumes the completion of the PIP renovations at the Intercontinental Kansas City Hotel Property in 2016 and that the hotel achieves occupancy, ADR and RevPAR of 75.0%, $197.76 and $147.81, respectively. Based on the “As-Is” value of $91,000,000, the LTV Ratio at Maturity or ARD is 70.9%. |
Loan No. 12 – 260 Townsend Street – The Cut-off Date LTV Ratio, Undewritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated net of the $6.0 million Vacant Space Reserve holdback. The borrower reserved $6.0 million with lender into the Vacant Space Reserve at origination for landlord obligations incurred in connection with re-tenanting two vacant suites at the Mortgaged Property. The Mortgage Loan documents require the lender to disburse the funds in the Vacant Space Reserve in a single disbursement upon satisfaction of the following conditions: (i) there is no event of default; (ii) the borrower has entered into leases with third parties for the vacant space; and (iii) the debt service coverage ratio is equal to or greater than 2.25x based on the trailing three month period, taking into account rent payable under the lease(s) (including any rent that would otherwise be payable during any applicable free rent period so long as either rent commences within six months of the lease commencement or, if not, any free rent beyond the six month period is reserved with the lender. The LTV Ratio at Maturity or ARD is based on the “As-Is” appraised value as of June 9, 2016 and the full Maturity Balance ($), assuming release of the Vacant Space Reserve holdback. Based on the “As Stabilized” appraised value as of November 8, 2016 of $53,050,000 and the full Maturity Balance ($), LTV Ratio at Maturity or ARD is 53.2%. The “as stabilized” appraised value as determined by CBRE assumes a stabilized occupancy of 97.0%, including lease-up of the vacated Swinerton space, a condition for the release of the Vacant Space holdback. | |
(15) | Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date. “L(x)” means lock-out for x payments. “D(x)” means may be defeased for x payments. “YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. “DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid. “O(x)” means freely prepayable for x payments, including the maturity date or anticipated repayment date. Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in this preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Property Releases” in this preliminary prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms and Conditions of the Mortgage Loans—Voluntary Prepayments” in this preliminary prospectus. |
(16) | Loan No. 1 – Westfield San Francisco Centre – The lockout period will be at least 24 payment dates beginning with and including the first payment date of September 1, 2016. Defeasance of the full $558.0 million Westfield San Francisco Centre Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) August 1, 2019. The assumed lockout period of 24 payments is based on the expected DBJPM 2016-C3 securitization closing date in August 2016. The actual lockout period may be longer. |
Loan No. 3 – Opry Mills – The lockout period will be at least 25 payment dates beginning with and including the first payment date of August 1, 2016. Defeasance of the full $375.0 million Opry Mills Whole Loan is permitted after the earlier to occur of (i) August 1, 2019 and (ii) two years from the date that is the closing date for the securitization that includes the last note to be securitized (the “REMIC Prohibition Period”). If the REMIC Prohibition Period has not occurred by August 1, 2019, the borrower is permitted to prepay the Opry Mills Whole Loan in whole, but not in part, with the payment of a yield maintenance premium (except that any portion of the Opry Mills Whole Loan that has been securitized for at least two years is required to be defeased). The assumed lockout period of 25 payment dates is based on the expected DBJPM 2016-C3 Securitization date in August 2016. The actual lockout period may be longer. |
Loan No. 6 – The Shops at Crystals – The lockout period will be at least 25 payment dates beginning with and including the first payment date of August 1, 2016. Defeasance of the full $550.0 million The Shops at Crystals Whole Loan is permitted after the earlier to occur of (i) August 1, 2019 and (ii) two years from the date that is the closing date for the securitization that includes the last note to be securitized (the “REMIC Prohibition Period”). If the REMIC Prohibition Period has not occurred by August 1, 2019, the borrower is permitted to prepay The Shops at Crystals Whole Loan in whole, but not in part, with the payment of a yield maintenance premium (except that any portion of The Shops at Crystals Whole Loan that has been securitized for at least two years is required to be defeased). The assumed lockout period of 25 payment dates is based on the expected DBJPM 2016-C3 securitization closing date in August 2016. The actual lockout period may be longer. | |
Loan No. 7 – U-Haul AREC Portfolio – The lockout period will be at least 24 payment dates beginning with and including the first payment date of September 6, 2016. Defeasance of the full $94.5 million U-Haul AREC Portfolio Whole Loan is permitted two years after the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected DBJPM 2016-C3 securitization closing date in August 2016. The actual lockout period may be longer. | |
Loan No. 9 – Staybridge Suites Times Square – The lockout period will be at least 25 payment dates beginning with and including the first payment date of August 6, 2016. Defeasance of the full $67.5 million Staybridge Suites Times Square Whole Loan is permitted after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) June 22, 2019. The assumed lockout period of 25 payments is based on the expected DBJPM 2016-C3 securitization closing date in August 2016. The actual lockout period may be longer. | |
(17) | Loan No. 4 – 693 Fifth Avenue – The borrower is permitted to prevent or cure a cash sweep period caused solely by a low debt service coverage ratio trigger by providing a letter of credit that, if used to reduce the outstanding principal balance of the 693 Fifth Avenue Whole Loan, would otherwise prevent or cure such a trigger event. |
(18) | Loan No. 7 – U-Haul AREC Portfolio – Certain of the mortgaged properties are secured by the borrowers’ leasehold interest in the mortgaged property along with the corresponding fee simple interest of the ground lessor in such mortgaged property. As such, the borrowers’ interest in each mortgaged property is deemed to be a fee interest. |
(19) | The following Mortgaged Properties consist, in whole or in part, of the respective borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests: Loan No. 1 – Westfield San Francisco Centre – The San Francisco Centre portion of the Westfield San Francisco Centre Property is subject to a ground lease with an initial expiration of June 30, 2043 and includes one renewal option for a 15-year term. |
Loan No. 10 – Marina Del Rey Hotel – The property is subject to a ground lease between the County of Los Angeles, as ground lessor, and the borrower, as ground lessee. The related ground lease has an expiration date of February 28, 2061. Annual ground rent is the greater of (i) a minimum base rent of approximately $742,426 (which is subject to periodic adjustment pursuant to criteria set forth in the ground lease) and (ii) a percentage rent based on a percentage of gross revenues (including from, among other things, room revenue and food and beverage revenue) at the Mortgaged Property. | |
Loan No. 13 – Pointe Hilton Tapatio Cliffs Resort – Approximately 32.5 acres of the property’s golf course is situated on land leased to the borrower by the City of Phoenix. The ground lease has an initial term of 65 years and expires in March 2054 with a sponsor-elected right to extend the term for an additional 65 years. As of June 1, 2016, the payment was $3,158 per month and will increase again in 2019. | |
Loan No. 14 – Hampton Inn – San Diego/Kearny Mesa – The property’s 3.18 acre parking lot is owned by the Al Bahr Shrine Temple, whose facility is north of the subject. The ground lease commenced in April 1988 for a 20-year term with four, 10-year renewal options. The current expiration date, after executing the second renewal option, is April 22, 2028. | |
Loan No. 15 – 38-01 47th Avenue – The property is subject to a 49-year ground lease which commenced on February 22, 2005 and has five, 10-year renewal options. For each five year extension option, the base rent shall be equal to the base rent in effect on the day immediately preceding the first day of the lease year which begins such five year period plus 10% of such base rent then in effect. | |
(20) | Loan No. 5 – Yuma Palms – The entire Mortgaged Property is subject to a master lease between the borrower, as the master lessor, and an affiliate as master tenant, to accommodate the related borrower’s Delaware Statutory Trust structure. Annual rent payments under each master lease are at least equal to the annual debt service payments required under the related Mortgage Loan documents. |
Loan No. 24 – Clive Daniel Building – The principals of the Largest Tenant, Clive Daniel Home (100.0% of NRA), control a 15% limited ownership interest in the borrower through Clive Daniel Investments, LLC. No other affiliations exist between the tenant and borrower, or between the tenant and sponsor. The lease between the borrower and Clive Daniel Home (i) has an initial term of 20 years, expiring in April 2036, (ii) is cross-defaulted with the loan documents for any monetary and material non-monetary default under the lease beyond all applicable notice and cure rights and continuing for at least 30 days, and (iii) is fully subordinated to the Mortgage Loan. | |
Loan No. 25 – Mission Bend Shopping Center – The entire Mortgaged Property is subject to a master lease between the borrower, as the master lessor, and an affiliate as master tenant, to accommodate the borrower’s Delaware Statutory Trust structure. Annual rent payments under the master lease are at least equal to the annual debt service payments required under the Mortgage Loan documents. | |
Loan No. 28 – Hobson Medical Campus – The 2nd Largest Tenant, Women’s Center for Health L.P., which leases approximately 23.9% of the net rentable area at the Mortgaged Property, is owned by Dr. Chris Olson, a 1.7316% owner in the Borrower. Dr. Chris Olson also is the owner of the 4th Largest Tenant, Blue Seas MedSap, LLC, which leases approximately 6.8% of the net rentable area at the Mortgaged Property. | |
(21) | Loan No. 8 – 1901 Harrison Street – The Largest Tenant, Wells Fargo Bank, N.A., leases multiple spaces with two different expiration dates. The expiration date with respect to 69,600 sq. ft. (25.1% of the Mortgaged Property’s net rentable area) is December 31, 2022 and the expiration date with respect to 17,400 sq. ft. (6.3% of the Mortgaged Property’s net rentable area) is December 31, 2018. SF, with respect to the Largest Tenant, excludes 65,671 sq. ft., which the Largest Tenant intends to vacate upon its current lease expiration in December 2017. |
(22) | The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely. In addition to the foregoing, the following are non contingent early termination options for those tenants listed in Annex A 1: |
Loan No. 1 – Westfield San Francisco Centre – The Largest Tenant, San Francisco State University, has a termination option for the entirety of its space effective December 31, 2018 and requires notice by September 30, 2017, and payment of a termination fee equal to the then unamortized sum of (A) the total tenant improvement allowance granted to the tenant and (B) the total amount of brokerage commissions paid by the landlord. |
Loan No. 2 – Center 21 – The Largest Tenant, Pandora Media, Inc., has the right to contract its space with respect the sixth or 16th floors as of March 1, 2018, with notice and the payment of a termination fee. The 2nd Largest Tenant, Kaiser Foundation Health Plan, Inc., has the right (i) to contract its space at any time by up to two full floors with 12 months’ notice and the payment of a contraction fee, and (ii) to terminate its lease any time after (A) with respect to Suite 900, December 31, 2020, (B) with respect to Suite 1100, March 2, 2020, (C) with respect to Suite 1400, December 31, 2019, (D) with respect to Suite 1700, November 30, 2020, and (E) with respect to Suite 2000, October 31, 2018, in each case with 9 months’ notice and the payment of a termination fee. The 3rd Largest Tenant, the Federal Bureau of Investigation, has the right to terminate its lease any time on or after October 4, 2021 with 120 days’ notice. The 5th Largest Tenant, iParadigms, LLC, has the right to terminate its lease as of April 1, 2024, with 15 months’ notice and the payment of a termination fee. | |
Loan No. 3 – Opry Mills – The 2nd Largest Tenant, Regal Cinema, has the right to terminate its lease if the occupancy rate in the shopping center, not including the premises of Regal Cinema, falls below 50% of the total leasable area and such occupancy rate continues for 12 months. | |
Loan No. 5 – Yuma Palms – Bealls Outlet, the 5th Largest Tenant, has the right to terminate its lease after May 31, 2018, if its gross sales during the period commencing with the 49th month of the lease term and ending with the 60th month of the lease term do not exceed $2.5 million, with 90 days’ notice and the payment of a termination fee. | |
Loan No. 6 – The Shops at Crystals – In the event the 4th Largest Tenant, Tiffany & Co., does not achieve gross sales of at least $30,000,000 during the seventh lease year, the tenant has the right to terminate its lease (which right must be exercised during the period that is 60 days after the date on which the tenant is obligated to furnish its written report of the gross sales of the applicable year), with 182 days’ notice and the payment of a termination fee. | |
Loan No. 8 – 1901 Harrison Street – Regus, the 4th Largest Tenant, has the right to terminate its lease after August 31, 2022), with 12 months’ notice and the payment of a termination fee. The Mortgaged Property was 97.3% physically occupied as of March 31, 2016, but the Largest Tenant, Wells Fargo Bank, N.A., intends to vacate 65,571 sq. ft. upon its current lease expiration in December 2017, and Most Recent Physical Occupancy reflects the tenant downsizing. | |
Loan No. 25 – Mission Bend Shopping Center – dd’s Discounts, the Largest Tenant, has the right to terminate its lease with 90 days’ notice if gross sales do not exceed $6.5 million in its third lease year. | |
(23) | The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space: Loan No. 1 – Westfield San Francisco Centre – The Largest Tenant, San Francisco State University, is subleasing approximately 18,354 sq. ft. to San Francisco Examiner and approximately 18,712 sq. ft. to Westfield Labs. The sub-leased premises will be subject to the San Francisco State University lease that expires December 31, 2021. In addition, the 2nd Largest Tenant, Crunchyroll, Inc., is subleasing approximately 30,000 sq. ft. to GoPro, Inc. The sublease expires in June, 2017. During the sublease period, Crunchyroll, Inc. is required to pay the borrower as additional rent 50% of all rent, additional rent or other consideration paid by GoPro, Inc. to Crunchyroll, Inc. in excess of the rent and additional rent already payable for such space under the prime lease. The lender did not include any related sublease income in its underwriting. |
Loan No. 2 – Center 21 – The Largest Tenant, Pandora Media, Inc., is currently subleasing 49,311 sq. ft. of additional space (7.2% of the net rentable area) under a sublease from the 3rd Largest Tenant, Cerexa, Inc. | |
(24) | The following major tenants shown on Annex A-1 have abated, free or prepaid rent: Loan No. 2 – Center 21 – The 5th Largest Tenant, iParadigms LLC, has free rent under its lease during the months of July 2016 through March 2017. At origination, the borrower was required to reserve $2,308,634 for free or abated rent related to this tenant and three additional tenants at the Mortgaged Property. |
Loan No. 5 – Yuma Palms – The borrower was required to reserve $627,000 for rent abatements associated with the lease for Sports Authority, which is the 2nd Largest Tenant by net rentable area at the Mortgaged Property but was excluded from underwriting due to the tenant’s pending bankruptcy. The Mortgage Loan documents require the lender to release the funds in the reserve in equal installments of $34,833 on each payment date commencing in September 2016 through and including February 2018. All funds in the reserve are required to be either released to the borrower or, if there is a cash sweep period in effect, transferred to the cash management account and disbursed in accordance with the loan documents, upon the earliest to occur of the following: (a)(i) all or a portion of the space leased to Sports Authority is re-leased to one or more replacement tenant(s), with contractual rent in the aggregate equal to or greater than 70% of the contractual rent payable under the Sports Authority lease, (ii) the borrower or master tenant, as applicable, and replacement tenant(s) are not in default under the related lease(s), (iii) the applicable tenant(s) is in occupancy of the entire spaced demised pursuant to the lease(s) and is conducting business at its space, and (iv) there are no outstanding landlord obligations under the replacement lease(s); or (b)(i) Sports Authority has affirmed its lease pursuant to a final non-appealable order of a court of competent jurisdiction and has delivered a tenant estoppel confirming that the lease is in full force and effect, that there is no default under the lease, that Sports Authority is in occupancy and open for business and is paying full contractual rent without any abated rent or landlord obligations under the lease, or (ii) the Sports Authority lease is assigned as part of the bankruptcy proceeding to a replacement tenant. | |
Loan No. 12 – 260 Townsend Street – The 2nd Largest Tenant, Breeze Labs, Inc., has free rent under its lease for the months of July and August, 2016. At origination, the borrower was required to reserve $114,862 for free or abated rent related to this tenant. | |
Loan No. 20 – Village at Shoal Creek – The 3rd Largest Tenant, Tuesday Morning has a six-month free rent period ending February 28, 2017. At origination, the borrower deposited $114,184 into a free rent reserve account for existing rent abatement amounts for the Tuesday Morning lease. | |
Loan No. 22 – 201 Mentor Drive – At origination, the borrower deposited $231,590 into a free rent reserve account of which $25,694 relates to a free rent period for the 2nd Largest Tenant, Truven Health Analytics, $87,328 relates to free rent for the 3rd Largest Tenant, CIO Solutions, $81,736 relates to the 4th Largest Tenant, Tobin Lucks, and $36,832 relates to the 5th Largest Tenant, Applied Research Associates. | |
(25) | The tenants shown in the Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date of the securitization. Loan No. 2 – Center 21 – The Largest Tenant, Pandora Media, Inc., has signed a lease for four additional suites at the property totaling approximately 99,871 sq. ft. The leases for the new spaces commence in August, September and October of 2016 and the tenant has not yet taken occupancy of those additional suites. |
Loan No. 6 – The Shops at Crystals – There are three tenants that have signed leases but are not yet in occupancy of their full spaces and/or paying full rent, including Hermes, the 4th Largest Tenant. | |
Loan No. 20 – Village at Shoal Creek – The 3rd Largest Tenant, Tuesday Morning, executed a lease for approximately 12.4% of NRA at the Mortgaged Property, but has not yet taken occupancy. The lease possession date is August 22, 2016 and the tenant is expected to take occupancy of its space at that time. At origination, the borrower deposited $1,170,000 into a Tuesday Morning occupancy holdback reserve account be released to the borrower upon Tuesday Morning taking occupancy of its space so long as no Trigger Period is continuing. | |
Loan No. 25 – Mission Bend Shopping Center – There are two tenants that have signed leases but are not yet in occupancy of their full spaces and/or paying rent. | |
(26) | Loan No. 5 – Yuma Palms – The borrower is structured as a Delaware statutory trust, and master leases the entire Mortgaged Property to an affiliate. |
Loan No. 9 – Staybridge Suites Times Square – The borrowers are structured as tenants-in-common. 340 West 40 Realty, LLC is 100% owned by Mehta Family, LLC, which has six members, Krishna Mehta Trust (41%), Chandra Mehta Trust (19%), Krishna K. Mehta (10%), Chandra Mehta (10%), Rajeev Mehta Trust (10%) and Sanjeev Mehta Trust (10%). 340 West 40 Realty Two, LLC is 100% owned by 340-344 Realty, LLC, which has five members, Krishna Mehta Trust (32%), Krishna K. Mehta (19%), Chandra Mehta (1%), Rajeev Mehta Trust (24%) and Sanjeev Mehta Trust (24%). The sponsors of the borrower and non-recourse carve-out guarantors are Krishna K. Mehta and Chandra Mehta. | |
Loan No. 18 – The Shops at Mockingbird – The borrowers, Mockingbird Dunhill LLC and DE Mockingbird Borrower LLC, are structured as tenants-in-common and are each a single-purpose Delaware limited liability company structured to be bankruptcy-remote. The sponsors of the borrowers and non-recourse carve-out guarantors are William L. Hutchinson and Donald Engle. William L. Hutchinson is liable for any breach or violation of the non-recourse carveout provisions in the Mortgage Loan documents and the environmental indemnity, but Donald Engle’s liability under the non-recourse carveouts is limited to acts or omissions of the tenant-in-common borrower controlled by him. | |
Loan No. 23 – Valley Fair Shopping Center – The borrowers, EC Valley Fair Refi 2016 LLC and South Mill LLC, are structured as tenants-in-common and are both Delaware limited liability companies, respectively, each a single purpose entity structured to be bankruptcy-remote, with no independent directors in its organizational structure. The sponsors of the borrowers and non-recourse carve-out guarantors are Edward G. Hudson, Mark Hamermesh and Gary Grabel, jointly and severally. | |
Loan No. 25 – Mission Bend Shopping Center – The borrower is structured as a Delaware statutory trust, and master leases the entire Mortgaged Property to an affiliate. | |
(27) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
(28) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related mortgage loan documents. |
(29) | Loan No. 2 – Center 21 – The Monthly Tax Reserves ($) are waived provided that no event of default has occurred and is continuing and the related borrower provides satisfactory evidence that all taxes have been paid on or prior to their due date. |
Loan No. 3 – Opry Mills – Upon (i) an event of default under the mortgage loan documents or (ii) the occurrence of the date that the debt service coverage ratio based on the trailing four calendar quarter period immediately preceding the date of such determination is less than 1.75x for two consecutive calendar quarters (an “Opry Mills DSCR Reserve Trigger Event”), the borrower is required to deposit into the (x) Monthly Replacement Reserves ($) $19,494 (capped at $701,780) and (y) Monthly TI/LC Reserves ($) $160,825 (capped at $5,789,683). In addition, Monthly Tax Reserves ($) are waived provided that (a) no event of default has occurred, (b) no Opry Mills DSCR Reserve Trigger Event exists and (c) the borrower pays all taxes prior to the date of delinquency and provides satisfactory evidence of the same. | |
Loan No. 5 – Yuma Palms – The Monthly Tax Reserves ($) are waived provided that (i) there is no event of default or cash sweep period under the Mortgage Loan documents in effect, (ii) the borrower provides evidence that taxes have been paid at least 10 days prior to the date of delinquency and (ii) the debt service coverage ratio based on the trailing three months is less than 1.25x or, with respect to a specific tenant’s space, there is a tenant that occupies one or more parcels which constitutes a separate tax lot and is required to pay such taxes under its lease, which is in full force and effect with no event of default under the lease. | |
Loan No. 5 – Yuma Palms – At any time after August 1, 2024, commencing on the date that the debt service coverage ratio based on the trailing three months is less than 1.40x, the Mortgage Loan documents require the borrower to deposit $84,500 from equity sources other than the revenues generated by the Mortgaged Property into the Additional Collateral Reserve to be held as additional collateral for the Mortgage Loan (or, at the borrower’s request, funds to be allocated from the excess cash flow reserve in substitute of such amount). The Mortgage Loan documents require deposits into this reserve until the earlier of (i) the payment date which occurs after the Mortgaged Property achieves a debt service coverage ratio of at least 1.40x for one calendar quarter based on the trailing three month period or (ii) payment in full of the Mortgage Loan. The funds in the Additional Collateral Reserve are required to be released to the borrower upon payment in full of the Mortgage Loan. | |
Loan No. 6 – The Shops at Crystals – Monthly Replacement Reserves ($) and Monthly Tax Reserves ($) are waived provided that (i) there is no event of default, (ii) the debt service coverage ratio based on the trailing four calendar quarter period immediately preceding the date of such determination is at least 1.60x for two consecutive calendar quarters and (iii) solely with respect to the Monthly Tax Reserves ($), the borrower pays all taxes prior to the date of delinquency and provides satisfactory evidence of the same. | |
Loan No. 8 1901 Harrison Street – The Monthly Tax Reserves ($) are waived provided that no event of default has occurred and is continuing and the related borrower provides satisfactory evidence that all taxes have been paid on or prior to their due date. | |
Loan No. 12 – 260 Townsend Street – The Monthly Tax Reserves ($) are waived provided that no event of default has occurred and is continuing and the related borrower provides satisfactory evidence that all taxes have been paid on or prior to their due date. | |
Loan No. 18 – The Shops at Mockingbird – Beginning on the payment date in January 2017, the borrowers will be required to deposit 1/12 of annual real estate taxes into the tax reserve account. To the extent that the Tax Waiver Criteria (as defined below) are satisfied with respect to any Tax Waiver Tenant (as defined below), monthly deposits for real estate taxes will be waived. A “Tax Waiver Tenant” means (i) LA Fitness, (ii) Family Dollar and (iii) the US Postal Service. The “Tax Waiver Criteria” will mean the following with respect to each Tax Waiver Tenant: (i) no Cash Sweep Event exists, (ii) the applicable Tax Waiver Tenant is required to reimburse the borrowers for its proportionate share of taxes and other charges, (iii) the borrowers provide evidence satisfactory to lender within 30 days that taxes have been paid, (iv) the applicable Tax Waiver Tenant lease is in full force and effect and (v) the borrowers make one or more additional deposits at least 10 days prior to delinquency in an amount equal to the amount the applicable Tax Waiver Tenant is responsible for reimbursing the borrowers pursuant to the related lease. | |
(30) | Loan No. 17 – River Terrace Inn – On each payment date in July through and including November, the borrower is required to deposit $80,000 into the Seasonal Working Capital Reserve, up to the cap of $320,000. |
Loan No. 26 – Holiday Inn Express Mt. Juliet – The borrower is required to deposit to the Seasonality Reserve, prior to the occurrence of a Cash Management Trigger Event (as defined in the Mortgage Loan documents, $13,750 in June through September of each year and after the occurrence of a Cash Management Trigger Event, all available excess cash. | |
(31) | Loan No. 1 – Westfield San Francisco Centre – In lieu of making payments to any of the reserve accounts, the borrower may deliver to lender a letter of credit or guaranty with respect to any reserve. At loan origination, the borrower delivered to lender two letters of credit in the aggregate amount of $4,300,000 from UBS AG Bank in lieu of depositing a cash reserve to lender to cover the free rent and borrower work associated with the Zara lease |
Loan No. 2 – Center 21 – So long as the related guarantor maintains a net worth of at least $450,000,000, the guarantor may deliver a guaranty in lieu of the related borrower’s requirement to make deposits to the Monthly TI/LC Reserves ($), subject to the following terms: (i) if the guarantor’s net worth is at least $600,000,000, any amount on reserve will be released to the borrower and the borrower’s requirement to make monthly deposits will be waived; and (ii) if the guarantor’s net worth is equal to or greater than $450,000,000 but less than $600,000,000, 50% of the amount on reserve will be released to the borrower and the borrower will be required to deposit 50% of the amount required to be deposited monthly. The borrower may also deliver a letter of credit in the amount of the reserve cap in lieu of monthly deposits. At origination, the guarantor delivered a guaranty satisfying the foregoing conditions, and the borrower’s requirement to make deposits to the Monthly TI/LC Reserves ($) was waived. |
Loan No. 2 – Center 21 – The Mortgage Loan documents provide that the TI/LC Reserve Cap of $5,500,000 must be reduced by the amount attributed under the loan documents to the Largest Tenant, Pandora Media, Inc. ($4,336,500 attributed), and the 4th Largest Tenant, Cerexa, Inc. ($1,163,500 attributed), when either (i) such tenant(s) has either renewed or extended its lease or (ii) the space occupied by such tenants has been re-let to a replacement tenant, provided that, in either case, all tenant improvement and leasing commission obligations have been satisfied and either (x) such tenants or replacement tenants are either paying full contractual rent, (y) the borrower has deposited the amount of any abated rent with the lender or (z) such tenant(s) has a long term unsecured credit rating of Baa3 or higher from Moody’s or BBB- or higher from S&P and has no right to terminate its lease prior to the expiration of the free rent period under the lease. | |
Loan No. 3 – Opry Mills – In lieu of cash reserves, the guarantor delivered a guaranty in the amount of $3,943,000 for the outstanding tenant improvements, tenant allowance and leasing commission obligations associated with four tenants at the Mortgaged Property in accordance with the Mortgage Loan documents. | |
Loan No. 6 – The Shops at Crystals – The borrower is required to deposit into the Monthly TI/LC Reserves ($) $185,000, in lieu of which, to the extent that there is no event of default under the Mortgage Loan documents, the borrower is permitted to deliver (i) a guaranty from the guarantors in the amount of all required deposits into the reserve not to exceed the amount of the reserve cap of $4,440,000 (the “Reserve Cap”) or (ii) a letter of credit in the amount of the Reserve Cap. At origination, the guarantor delivered a guaranty satisfying the foregoing conditions, and the borrower’s requirement to make deposits to the Monthly TI/LC Reserves ($) was waived. | |
Loan No. 8 – 1901 Harrison Street – So long as the related guarantor maintains a net worth of at least $450,000,000, the guarantor’s may deliver a guaranty in lieu of the related borrower’s requirement to make deposits to the Monthly TI/LC Reserves ($), subject to the following terms: (i) if the guarantor’s net worth is at least $600,000,000, any amount on reserve will be released to the borrower and the borrower’s requirement to make monthly deposits will be waived; and (ii) if the guarantor’s net worth is equal to or greater than $450,000,000 but less than $600,000,000, 50% of the amount on reserve will be released to the borrower and the borrower will be required to deposit 50% of the amount required to be deposited monthly. The borrower may also deliver a letter of credit in the amount of the reserve cap in lieu of monthly deposits. At origination, each borrower delivered a guaranty satisfying the foregoing conditions, and the borrower’s requirement to make deposits to the Monthly TI/LC Reserves ($) was waived. | |
Loan No. 8 – 1901 Harrison Street – The Mortgage Loan documents provide that the TI/LC Reserve Cap of $5,000,000 must be reduced by the amount attributed under the loan documents to the Largest Tenant, Wells Fargo Bank, N.A. ($5,000,000 attributed), when either (i) such tenant has either renewed or extended its lease or (ii) the space occupied by such tenant has been re-let to a replacement tenant, provided that, in either case, all tenant improvement and leasing commission obligations have been satisfied and either (x) such tenant or replacement tenants are either paying full contractual rent, (y) the borrower has deposited the amount of any abated rent with the lender or (z) such tenant has a long term unsecured credit rating of Baa3 or higher from Moody’s or BBB- or higher from S&P and have no right to terminate their leases prior to the expiration of the free rent period under the leases. | |
Loan No. 12 – 260 Townsend Street – So long as the related guarantor maintains a net worth of at least $450,000,000, the guarantor’s may deliver a guaranty in lieu of the related borrower’s requirement to make deposits to the Monthly TI/LC Reserves ($), subject to the following terms: (i) if the guarantor’s net worth is at least $600,000,000, any amount on reserve will be released to the borrower and the borrower’s requirement to make monthly deposits will be waived; and (ii) if the guarantor’s net worth is equal to or greater than $450,000,000 but less than $600,000,000, 50% of the amount on reserve will be released to the borrower and the borrower will be required to deposit 50% of the amount required to be deposited monthly. The borrower may also deliver a letter of credit in the amount of the reserve cap in lieu of monthly deposits. At origination, each borrower delivered a guaranty satisfying the foregoing conditions, and the borrower’s requirement to make deposits to the Monthly TI/LC Reserves ($) was waived. | |
Loan No. 12 – 260 Townsend Street – The Mortgage Loan documents provide that the TI/LC Reserve Cap of $3,000,000 must be reduced by the amount attributed under the loan documents to the Largest Tenant, Swinerton ($3,000,000 attributed), when either (i) such tenant has either renewed or extended its lease or (ii) the space occupied by such tenant has been re-let to a replacement tenant, provided that, in either case, all tenant improvement and leasing commission obligations have been satisfied and either (x) such tenant or replacement tenants are either paying full contractual rent, (y) the borrower has deposited the amount of any abated rent with the lender or (z) such tenant has a long term unsecured credit rating of Baa3 or higher from Moody’s or BBB- or higher from S&P and have no right to terminate their leases prior to the expiration of the free rent period under the leases. | |
Loan No. 30 – Grizzly Self-Storage Mesquite – The Mortgage Loan documents permit monthly deposits to be waived if the borrower posts cash or letters of credit in the amount equal to the annual deposits for Monthly Tax Reserves ($), Monthly Insurance Reserves ($) and Monthly Replacement Reserves ($) for the next ensuing 12 months, provided that (i) no event of default exists and (ii) the borrower has provided evidence (A) of timely payments of taxes, (B) that the property is insured in accordance with the loan documents, and (C) that the borrower is satisfactorily maintaining the condition of the property as required by the loan documents. | |
Loan No. 32 – Grizzly Self-Storage Desoto – The Mortgage Loan documents permit monthly deposits to be waived if the borrower posts cash or letters of credit in the amount equal to the annual deposits for Monthly Tax Reserves ($), Monthly Insurance Reserves ($) and Monthly Replacement Reserves ($) for the next ensuing 12 months, provided that (i) no event of default exists and (ii) the borrower has provided evidence (A) of timely payments of taxes, (B) that the property is insured in accordance with the loan documents, and (C) that the borrower is satisfactorily maintaining the condition of the property as required by the loan documents. | |
(32) | Loan No. 3 – Opry Mills – the aggregate liability of the related non-recourse carve-out guarantor under the Mortgage Loan documents is capped at $75.0 million and $110.0 million, respectively. Loan No. 4 – 693 Fifth Avenue – There is no separate non-recourse carve-out guarantors, and the borrower is the sole party responsible for any breaches or violations of the non-recourse carveout provisions in the Mortgage Loan documents or the environmental indemnity. Loan No. 6 – The Shops at Crystals – the aggregate liability of the related non-recourse carve-out guarantors under the Mortgage Loan documents is capped at $75.0 million and $110.0 million, respectively. |
(33) |
Loan No. |
Mortgage Loan | Mortgage Loan Cut-off Date Balance |
Pari
Passu Companion Loan Cut-off Date Balance |
Whole
Loan Cut-off Date Balance |
Whole
Loan U/W NCF DSCR |
Whole
Loan Cut-off Date LTV Ratio |
Whole
Loan Cut-off Date U/W NOI Debt Yield |
1 | Westfield San Francisco Centre(1) | $84,000,000 | $349,077,000 | $433,077,000 | 3.68x | 35.5% | 13.1% |
2 | Center 21 | $83,000,000 | $80,000,000 | $163,000,000 | 2.01x | 59.2% | 9.7% |
3 | Opry Mills | $65,000,000 | $310,000,000 | $375,000,000 | 2.33x | 50.8% | 10.1% |
4 | 693 Fifth Avenue | $62,500,000 | $187,500,000 | $250,000,000 | 1.00x | 47.6% | 6.4% |
6 | The Shops at Crystals(2) | $50,000,000 | $332,700,000 | $382,700,000 | 3.28x | 34.8% | 12.9% |
7 | U-Haul AREC Portfolio | $46,000,000 | $48,500,000 | $94,500,000 | 1.64x | 67.4% | 10.3% |
9 | Staybridge Suites Times Square | $38,600,000 | $28,900,000 | $67,500,000 | 2.09x | 49.1% | 13.8% |
11 | Intercontinental Kansas City Hotel | $30,140,000 | $45,000,000 | $75,140,000 | 1.62x | 65.1% | 11.5% |
21 | Williamsburg Premium Outlets | $15,000,000 | $170,000,000 | $185,000,000 | 2.52x | 54.8% | 11.4% |
(1) The Whole Loan Cut-off Date Balance excludes four subordinate companion notes in the original principal amount of approximately $124.9 million. | |
(2) The Whole Loan Cut-off Date Balance excludes subordinate companion notes in the aggregate original principal amount of $167.3 million. |
(34) |
Loan No. |
Mortgage Loan | Mortgage
Loan Cut-off Date Balance |
%
of Initial Outstanding Pool Balance |
Intercreditor Agreement Required |
Combined Minimum DSCR |
Combined Maximum LTV |
Combined Minimum Debt Yield |
2 | Center 21 | $83,000,000 | 9.3% | Yes | 2.01x | 59.2% | NAP |
8 | 1901 Harrison Street | $42,500,000 | 4.8% | Yes | 2.30x | 41.8% | NAP |
10 | Marina Del Rey Hotel | $38,000,000 | 4.3% | Yes | 1.53x | 57.5% | 10.0% |
12 | 260 Townsend Street | $28,200,000 | 3.2% | Yes | 1.77x | 43.7% | NAP |
13 | Pointe Hilton Tapatio Cliffs Resort | $25,909,324 | 2.9% | Yes | 1.50x | NAP | NAP |
Loan No. 2 – Center 21 – The Mortgage Loan documents permit the equity owners of the borrower and/or guarantor to pledge the direct or indirect equity interests in connection with a credit facility or other loan that is secured by substantially all of the pledgor’s assets or distributions. | |
Loan No. 3 – Opry Mills – The Mortgage Loan documents permit the equity owners of the borrower and/or guarantor to pledge the direct or indirect equity interests in connection with a credit facility or other loan that is secured by substantially all of the pledgor’s assets or distributions. | |
Loan No. 5 – Yuma Palms – The Mortgage Loan documents permit the guarantor to make one or more unsecured loans to the borrower without the prior consent of the lender in an aggregate amount up to the lesser of (i) $4,687,500 or (ii) 7.5% of the outstanding principal balance of the Mortgage Loan. Each such guarantor loan is required to, among other conditions, be (1) unsecured, (2) payable only out of excess cash flow, and (3) subordinated to the mortgage loan pursuant to a subordination and standstill agreement in the form attached to the loan agreement with changes satisfactory to the mortgage lender in its sole discretion. | |
Loan No. 6 – The Shops at Crystals – The borrower is permitted to enter into a Property Assessed Clean Energy (PACE) loan in an amount up to $7.0 million upon certain terms and conditions set forth in the Mortgage Loan documents which include, without limitation, Rating Agency Confirmation and the prior consent of the lender, which may not be unreasonably withheld, conditioned or delayed. | |
Loan No. 6 – The Shops at Crystals – The Mortgage Loan documents permit the equity owners of the borrower and/or guarantor to pledge the direct or indirect equity interests in connection with a credit facility or other loan that is secured by substantially all of the pledgor’s assets or distributions. | |
Loan No. 8 – 1901 Harrison Street – The Mortgage Loan documents permit the equity owners of the borrower and/or guarantor to pledge the direct or indirect equity interests in connection with a credit facility or other loan that is secured by substantially all of the pledgor’s assets or distributions. | |
Loan No. 12 – 260 Townsend Street – The Mortgage Loan documents permit the equity owners of the borrower and/or guarantor to pledge the direct or indirect equity interests in connection with a credit facility or other loan that is secured by substantially all of the pledgor’s assets or distributions. |