FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226943-02 | ||
Benchmark 2019-B10
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226943) 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 Securities and Exchange Commission 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 Securities LLC, Citigroup Global Markets Inc., Academy Securities, Inc., Drexel Hamilton, LLC 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 Benchmark 2019-B10 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-B10 (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. |
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Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Cut-off | General | Detailed | ||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | |||||
Loan | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3)(8) | or ARD Balance($)(8) | Type(4)(5) | Type(4) | ||
Loan | 1 | 3 Columbus Circle(2)(33) | 6.5% | 1 | JPMCB/GACC | 75,000,000 | 75,000,000 | 75,000,000 | Office | CBD | ||
Loan | 2 | 3 Park Avenue(2)(35)(36) | 5.2% | 1 | CREFI | 60,000,000 | 60,000,000 | 60,000,000 | Office | CBD | ||
Loan | 3 | Saint Louis Galleria(2)(34) | 5.2% | 1 | GACC | 60,000,000 | 60,000,000 | 54,672,291 | Retail | Super Regional Mall | ||
Loan | 4 | ARC Apartments(2)(33) | 5.2% | 1 | CREFI/GACC | 60,000,000 | 60,000,000 | 60,000,000 | Multifamily | High Rise | ||
Loan | 5 | 9800 Wilshire(32) | 4.8% | 1 | GACC | 55,000,000 | 55,000,000 | 55,000,000 | Office | CBD | ||
Loan | 6 | 5202 Ben White | 3.7% | 1 | GACC | 43,000,000 | 43,000,000 | 43,000,000 | Office | Suburban | ||
Loan | 7 | 101 California(2)(33)(35) | 3.5% | 1 | JPMCB | 40,000,000 | 40,000,000 | 40,000,000 | Office | CBD | ||
Loan | 8 | Soho Beach House(2)(34)(36) | 3.5% | 1 | CREFI | 40,000,000 | 40,000,000 | 40,000,000 | Mixed Use | Hospitality/Other | ||
Loan | 9 | Pace Gallery HQ(2) | 3.5% | 1 | CREFI | 40,000,000 | 40,000,000 | 40,000,000 | Mixed Use | Office/Gallery | ||
Loan | 10 | AT580 Multi | 3.3% | 1 | GACC | 38,500,000 | 38,500,000 | 36,831,945 | Multifamily | Mid Rise | ||
Loan | 11 | Tailor Lofts | 3.3% | 1 | JPMCB | 38,000,000 | 38,000,000 | 34,976,999 | Multifamily | Student Housing | ||
Loan | 12 | Embassy Suites Scottsdale(34) | 3.1% | 1 | GACC | 35,500,000 | 35,500,000 | 35,500,000 | Hospitality | Full Service | ||
Loan | 13 | Flight(34) | 2.9% | 1 | JPMCB | 33,200,000 | 33,163,800 | 27,203,935 | Office | CBD | ||
Loan | 14 | The Crossing at Katy Ranch | 2.7% | 1 | JPMCB | 31,100,000 | 31,100,000 | 31,100,000 | Multifamily | Garden | ||
Loan | 15 | Dollar General Portfolio(34) | 2.5% | 33 | GACC | 29,200,000 | 29,200,000 | 26,250,922 | Retail | Single Tenant | ||
Property | 15.01 | Dollar General-Afton, NY | 0.1% | 1 | GACC | 1,073,823 | 1,073,823 | Retail | Single Tenant | |||
Property | 15.02 | Dollar General-Rogers City, MI | 0.1% | 1 | GACC | 1,015,778 | 1,015,778 | Retail | Single Tenant | |||
Property | 15.03 | Dollar General-Oakman, AL | 0.1% | 1 | GACC | 1,015,778 | 1,015,778 | Retail | Single Tenant | |||
Property | 15.04 | Dollar General-Attalla, AL | 0.1% | 1 | GACC | 979,501 | 979,501 | Retail | Single Tenant | |||
Property | 15.05 | Dollar General-Greenbush, MN | 0.1% | 1 | GACC | 979,501 | 979,501 | Retail | Single Tenant | |||
Property | 15.06 | Dollar General-Opelika, AL | 0.1% | 1 | GACC | 979,501 | 979,501 | Retail | Single Tenant | |||
Property | 15.07 | Dollar General-Ishpeming, MI | 0.1% | 1 | GACC | 954,106 | 954,106 | Retail | Single Tenant | |||
Property | 15.08 | Dollar General-Lisman, AL | 0.1% | 1 | GACC | 935,967 | 935,967 | Retail | Single Tenant | |||
Property | 15.09 | Dollar General-Verbena, AL | 0.1% | 1 | GACC | 921,456 | 921,456 | Retail | Single Tenant | |||
Property | 15.10 | Dollar General-Appleton, MN | 0.1% | 1 | GACC | 921,456 | 921,456 | Retail | Single Tenant | |||
Property | 15.11 | Dollar General-New York Mills, MN | 0.1% | 1 | GACC | 906,945 | 906,945 | Retail | Single Tenant | |||
Property | 15.12 | Dollar General-Barry, IL | 0.1% | 1 | GACC | 906,945 | 906,945 | Retail | Single Tenant | |||
Property | 15.13 | Dollar General-Thomaston, AL | 0.1% | 1 | GACC | 899,689 | 899,689 | Retail | Single Tenant | |||
Property | 15.14 | Dollar General-Coffeen, IL | 0.1% | 1 | GACC | 885,178 | 885,178 | Retail | Single Tenant | |||
Property | 15.15 | Dollar General-Payson, IL | 0.1% | 1 | GACC | 870,667 | 870,667 | Retail | Single Tenant | |||
Property | 15.16 | Dollar General-Garden City, AL | 0.1% | 1 | GACC | 870,667 | 870,667 | Retail | Single Tenant | |||
Property | 15.17 | Dollar General-Red Lake Falls, MN | 0.1% | 1 | GACC | 870,667 | 870,667 | Retail | Single Tenant | |||
Property | 15.18 | Dollar General-West Point, IA | 0.1% | 1 | GACC | 856,156 | 856,156 | Retail | Single Tenant | |||
Property | 15.19 | Dollar General-Backus, MN | 0.1% | 1 | GACC | 856,156 | 856,156 | Retail | Single Tenant | |||
Property | 15.20 | Dollar General-Erskine, MN | 0.1% | 1 | GACC | 848,900 | 848,900 | Retail | Single Tenant | |||
Property | 15.21 | Dollar General-Athens, AL | 0.1% | 1 | GACC | 841,645 | 841,645 | Retail | Single Tenant | |||
Property | 15.22 | Dollar General-Cullman, AL | 0.1% | 1 | GACC | 834,389 | 834,389 | Retail | Single Tenant | |||
Property | 15.23 | Dollar General-Pellston, MI | 0.1% | 1 | GACC | 834,389 | 834,389 | Retail | Single Tenant | |||
A-1-1
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Cut-off | General | Detailed | ||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | |||||
Loan | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3)(8) | or ARD Balance($)(8) | Type(4)(5) | Type(4) | ||
Property | 15.24 | Dollar General-Clinton, AL | 0.1% | 1 | GACC | 827,134 | 827,134 | Retail | Single Tenant | |||
Property | 15.25 | Dollar General-Sebeka, MN | 0.1% | 1 | GACC | 827,134 | 827,134 | Retail | Single Tenant | |||
Property | 15.26 | Dollar General-Detroit, AL | 0.1% | 1 | GACC | 819,878 | 819,878 | Retail | Single Tenant | |||
Property | 15.27 | Dollar General-Larchwood, IA | 0.1% | 1 | GACC | 819,878 | 819,878 | Retail | Single Tenant | |||
Property | 15.28 | Dollar General-New Market, AL | 0.1% | 1 | GACC | 819,878 | 819,878 | Retail | Single Tenant | |||
Property | 15.29 | Dollar General-Ramer, AL | 0.1% | 1 | GACC | 819,878 | 819,878 | Retail | Single Tenant | |||
Property | 15.30 | Dollar General-Pansey, AL | 0.1% | 1 | GACC | 812,623 | 812,623 | Retail | Single Tenant | |||
Property | 15.31 | Dollar General-Pennington, AL | 0.1% | 1 | GACC | 812,623 | 812,623 | Retail | Single Tenant | |||
Property | 15.32 | Dollar General-Waterloo, AL | 0.1% | 1 | GACC | 812,623 | 812,623 | Retail | Single Tenant | |||
Property | 15.33 | Dollar General-Arab, AL | 0.1% | 1 | GACC | 769,089 | 769,089 | Retail | Single Tenant | |||
Loan | 16 | Tulsa Office Portfolio(2) | 2.5% | 9 | CREFI | 28,675,000 | 28,646,290 | 23,772,858 | Office | Various | ||
Property | 16.01 | Exchange Tower | 0.6% | 1 | CREFI | 6,936,787 | 6,929,842 | Office | Suburban | |||
Property | 16.02 | Towne Center | 0.5% | 1 | CREFI | 5,390,370 | 5,384,973 | Office | Suburban | |||
Property | 16.03 | Two Memorial Place | 0.4% | 1 | CREFI | 4,683,436 | 4,678,747 | Office | CBD | |||
Property | 16.04 | Triad Center I | 0.2% | 1 | CREFI | 2,385,901 | 2,383,513 | Office | Suburban | |||
Property | 16.05 | Corporate Place | 0.2% | 1 | CREFI | 2,385,901 | 2,383,513 | Office | Suburban | |||
Property | 16.06 | The 51 Yale Building | 0.2% | 1 | CREFI | 2,341,718 | 2,339,373 | Office | Suburban | |||
Property | 16.07 | Commerce Tower | 0.2% | 1 | CREFI | 1,899,884 | 1,897,982 | Office | Suburban | |||
Property | 16.08 | Riverbridge Office | 0.1% | 1 | CREFI | 1,458,051 | 1,456,591 | Office | Suburban | |||
Property | 16.09 | Three Memorial Place | 0.1% | 1 | CREFI | 1,192,951 | 1,191,756 | Office | Suburban | |||
Loan | 17 | Sharon Park Apartments | 2.4% | 1 | CREFI | 27,500,000 | 27,500,000 | 24,261,276 | Multifamily | Garden | ||
Loan | 18 | Spring Hollow Apartments(36) | 2.3% | 1 | CREFI | 27,000,000 | 27,000,000 | 23,951,320 | Multifamily | Garden | ||
Loan | 19 | Atrium Two(2)(35) | 2.2% | 1 | GACC | 25,500,000 | 25,500,000 | 21,568,341 | Office | CBD | ||
Loan | 20 | The Landing Apartments(36) | 2.1% | 1 | GACC | 24,000,000 | 24,000,000 | 22,198,902 | Multifamily | Garden | ||
Loan | 21 | Union Bay Apartments(36) | 1.9% | 1 | GACC | 21,700,000 | 21,700,000 | 21,700,000 | Multifamily | Mid Rise | ||
Loan | 22 | Baywood San Mateo(32) | 1.8% | 1 | CREFI | 21,000,000 | 21,000,000 | 21,000,000 | Mixed Use | Office/Retail | ||
Loan | 23 | Liberty Station Retail(2) | 1.7% | 1 | JPMCB | 20,000,000 | 20,000,000 | 20,000,000 | Retail | Anchored | ||
Loan | 24 | 166 Geary Street | 1.7% | 1 | JPMCB | 19,000,000 | 19,000,000 | 16,441,450 | Office | CBD | ||
Loan | 25 | Vie Portfolio(2) | 1.5% | 6 | JPMCB | 17,500,000 | 17,500,000 | 17,500,000 | Multifamily | Various | ||
Property | 25.01 | University Downs | 0.4% | 1 | JPMCB | 4,761,226 | 4,761,226 | Multifamily | Student Housing | |||
Property | 25.02 | Ella Lofts | 0.3% | 1 | JPMCB | 3,491,411 | 3,491,411 | Multifamily | Student Housing | |||
Property | 25.03 | University View | 0.3% | 1 | JPMCB | 3,331,233 | 3,331,233 | Multifamily | Student Housing | |||
Property | 25.04 | Colonie | 0.2% | 1 | JPMCB | 2,206,507 | 2,206,507 | Multifamily | Garden | |||
Property | 25.05 | Hillcrest Oakwood | 0.2% | 1 | JPMCB | 2,186,775 | 2,186,775 | Multifamily | Student Housing | |||
Property | 25.06 | Southgate | 0.1% | 1 | JPMCB | 1,522,849 | 1,522,849 | Multifamily | Student Housing | |||
Loan | 26 | Roanoke Crossing Shopping Center | 1.4% | 1 | JPMCB | 16,580,000 | 16,580,000 | 15,261,921 | Retail | Shadow Anchored | ||
A-1-2
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
% of | Mortgage | Cut-off | General | Detailed | ||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | |||||
Loan | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3)(8) | or ARD Balance($)(8) | Type(4)(5) | Type(4) | ||
Loan | 27 | Texas Marriott & Hilton Portfolio | 1.4% | 2 | CREFI | 16,550,000 | 16,534,024 | 13,786,044 | Hospitality | Extended Stay | ||
Property | 27.01 | Homewood Suites Brownsville | 0.7% | 1 | CREFI | 8,275,000 | 8,267,012 | Hospitality | Extended Stay | |||
Property | 27.02 | Residence Inn Laredo | 0.7% | 1 | CREFI | 8,275,000 | 8,267,012 | Hospitality | Extended Stay | |||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 1.3% | 1 | JPMCB | 15,300,000 | 15,284,121 | 12,623,321 | Hospitality | Extended Stay | ||
Loan | 29 | Hilton Garden Inn - Valley Forge | 1.3% | 1 | JPMCB | 15,300,000 | 15,284,121 | 12,623,321 | Hospitality | Select Service | ||
Loan | 30 | AC Marriott Downtown Tucson(2) | 1.3% | 1 | GACC | 15,000,000 | 15,000,000 | 13,386,224 | Hospitality | Limited Service | ||
Loan | 31 | Atlantic Gardens | 1.3% | 1 | CREFI | 15,000,000 | 15,000,000 | 15,000,000 | Mixed Use | Multifamily/Retail | ||
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 1.3% | 1 | GACC | 14,900,000 | 14,900,000 | 14,900,000 | Hospitality | Limited Service | ||
Loan | 33 | Compass Self Storage PA & FL Portfolio | 1.3% | 2 | CREFI | 14,450,000 | 14,450,000 | 12,807,324 | Self Storage | Self Storage | ||
Property | 33.01 | Compass Self Storage Spring Hill | 0.7% | 1 | CREFI | 7,600,000 | 7,600,000 | Self Storage | Self Storage | |||
Property | 33.02 | Route 8 Self Storage | 0.6% | 1 | CREFI | 6,850,000 | 6,850,000 | Self Storage | Self Storage | |||
Loan | 34 | Meridian Tower | 1.1% | 1 | GACC | 13,250,000 | 13,201,684 | 10,879,259 | Office | Suburban | ||
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 1.1% | 2 | CREFI | 12,400,000 | 12,400,000 | 12,400,000 | Mixed Use | Multifamily/Retail | ||
Property | 35.01 | 69 Clinton Street | 0.6% | 1 | CREFI | 7,140,000 | 7,140,000 | Mixed Use | Multifamily/Retail | |||
Property | 35.02 | 28 East 13th Street | 0.5% | 1 | CREFI | 5,260,000 | 5,260,000 | Mixed Use | Multifamily/Retail | |||
Loan | 36 | 8401 Melrose | 1.0% | 1 | GACC | 12,000,000 | 11,992,288 | 10,713,599 | Retail | Anchored | ||
Loan | 37 | Huntsville Self Storage Portfolio | 1.0% | 3 | CREFI | 11,600,000 | 11,600,000 | 10,336,467 | Self Storage | Self Storage | ||
Property | 37.01 | Hampton Cove | 0.5% | 1 | CREFI | 5,850,000 | 5,850,000 | Self Storage | Self Storage | |||
Property | 37.02 | Safe & Secure | 0.3% | 1 | CREFI | 3,750,000 | 3,750,000 | Self Storage | Self Storage | |||
Property | 37.03 | Mt. Carmel & Bell Factory | 0.2% | 1 | CREFI | 2,000,000 | 2,000,000 | Self Storage | Self Storage | |||
Loan | 38 | Rosemont Commons Fee | 1.0% | 1 | CREFI | 11,000,000 | 11,000,000 | 11,000,000 | Land | Retail | ||
Loan | 39 | Walgreens - MA & NH | 0.9% | 2 | JPMCB | 10,700,000 | 10,700,000 | 9,435,634 | Retail | Single Tenant | ||
Property | 39.01 | Walgreens - MA | 0.5% | 1 | JPMCB | 5,488,961 | 5,488,961 | Retail | Single Tenant | |||
Property | 39.02 | Walgreens - NH | 0.5% | 1 | JPMCB | 5,211,039 | 5,211,039 | Retail | Single Tenant | |||
Loan | 40 | 116 University Place | 0.8% | 1 | JPMCB | 9,550,000 | 9,550,000 | 9,550,000 | Retail | Single Tenant | ||
Loan | 41 | Massman Ina Portfolio | 0.8% | 2 | GACC | 8,700,000 | 8,677,391 | 7,124,024 | Various | Various | ||
Property | 41.01 | Massman Drive | 0.6% | 1 | GACC | 6,682,609 | 6,665,242 | Industrial | Warehouse | |||
Property | 41.02 | West Ina Road | 0.2% | 1 | GACC | 2,017,391 | 2,012,149 | Retail | Unanchored | |||
Loan | 42 | Colony Retail | 0.7% | 1 | JPMCB | 8,100,000 | 8,100,000 | 7,202,389 | Retail | Shadow Anchored | ||
Loan | 43 | 161 Court Street | 0.6% | 1 | CREFI | 7,400,000 | 7,400,000 | 7,400,000 | Mixed Use | Multifamily/Retail | ||
Loan | 44 | First Colony Self Storage | 0.5% | 1 | CREFI | 5,350,000 | 5,350,000 | 5,350,000 | Self Storage | Self Storage | ||
Loan | 45 | I-10 & Haden Shopping Center | 0.3% | 1 | JPMCB | 4,000,000 | 3,995,799 | 3,294,856 | Retail | Shadow Anchored | ||
Loan | 46 | South Port Apartments | 0.3% | 1 | CREFI | 3,700,000 | 3,690,844 | 3,059,476 | Multifamily | Garden |
A-1-3
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Interest | Original | Remaining | Original | Remaining | First | |||||||
Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | |||
Loan | ID | Property Name | Rate(6) | Fee Rate(7) | Basis | Maturity or ARD | Maturity or ARD | Term(8) | Term(8) | Date | Date | or ARD Date |
Loan | 1 | 3 Columbus Circle(2)(33) | 3.91400% | 0.0161% | Actual/360 | 120 | 119 | 0 | 0 | 03/12/2019 | 04/11/2019 | 03/11/2029 |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 4.75000% | 0.0148% | Actual/360 | 120 | 116 | 0 | 0 | 11/30/2018 | 01/06/2019 | 12/06/2028 |
Loan | 3 | Saint Louis Galleria(2)(34) | 4.99677083333333% | 0.0161% | Actual/360 | 120 | 115 | 360 | 360 | 11/01/2018 | 12/01/2018 | 11/01/2028 |
Loan | 4 | ARC Apartments(2)(33) | 4.13052% | 0.0161% | Actual/360 | 60 | 59 | 0 | 0 | 02/08/2019 | 04/01/2019 | 03/01/2024 |
Loan | 5 | 9800 Wilshire(32) | 5.15000% | 0.0261% | Actual/360 | 120 | 118 | 0 | 0 | 01/25/2019 | 03/06/2019 | 02/06/2029 |
Loan | 6 | 5202 Ben White | 4.83000% | 0.0161% | Actual/360 | 120 | 119 | 0 | 0 | 02/13/2019 | 04/06/2019 | 03/06/2029 |
Loan | 7 | 101 California(2)(33)(35) | 3.85000% | 0.0148% | Actual/360 | 120 | 119 | 0 | 0 | 02/25/2019 | 04/06/2019 | 03/06/2029 |
Loan | 8 | Soho Beach House(2)(34)(36) | 5.34000% | 0.0161% | Actual/360 | 59 | 58 | 0 | 0 | 02/27/2019 | 04/06/2019 | 02/06/2024 |
Loan | 9 | Pace Gallery HQ(2) | 5.15000% | 0.0161% | Actual/360 | 120 | 118 | 0 | 0 | 01/23/2019 | 03/06/2019 | 02/06/2029 |
Loan | 10 | AT580 Multi | 5.13000% | 0.0161% | Actual/360 | 60 | 58 | 360 | 360 | 01/23/2019 | 03/06/2019 | 02/06/2024 |
Loan | 11 | Tailor Lofts | 4.87000% | 0.0336% | Actual/360 | 120 | 119 | 360 | 360 | 02/21/2019 | 04/01/2019 | 03/01/2029 |
Loan | 12 | Embassy Suites Scottsdale(34) | 5.91507042% | 0.0161% | Actual/360 | 120 | 118 | 0 | 0 | 01/11/2019 | 03/06/2019 | 02/06/2029 |
Loan | 13 | Flight(34) | 4.89000% | 0.0361% | Actual/360 | 120 | 119 | 360 | 359 | 02/05/2019 | 04/01/2019 | 03/01/2029 |
Loan | 14 | The Crossing at Katy Ranch | 4.80100% | 0.0361% | Actual/360 | 120 | 119 | 0 | 0 | 02/26/2019 | 04/01/2019 | 03/01/2029 |
Loan | 15 | Dollar General Portfolio(34) | 5.15746575% | 0.0161% | Actual/360 | 120 | 117 | 360 | 360 | 12/17/2018 | 02/06/2019 | 01/06/2029 |
Property | 15.01 | Dollar General-Afton, NY | ||||||||||
Property | 15.02 | Dollar General-Rogers City, MI | ||||||||||
Property | 15.03 | Dollar General-Oakman, AL | ||||||||||
Property | 15.04 | Dollar General-Attalla, AL | ||||||||||
Property | 15.05 | Dollar General-Greenbush, MN | ||||||||||
Property | 15.06 | Dollar General-Opelika, AL | ||||||||||
Property | 15.07 | Dollar General-Ishpeming, MI | ||||||||||
Property | 15.08 | Dollar General-Lisman, AL | ||||||||||
Property | 15.09 | Dollar General-Verbena, AL | ||||||||||
Property | 15.10 | Dollar General-Appleton, MN | ||||||||||
Property | 15.11 | Dollar General-New York Mills, MN | ||||||||||
Property | 15.12 | Dollar General-Barry, IL | ||||||||||
Property | 15.13 | Dollar General-Thomaston, AL | ||||||||||
Property | 15.14 | Dollar General-Coffeen, IL | ||||||||||
Property | 15.15 | Dollar General-Payson, IL | ||||||||||
Property | 15.16 | Dollar General-Garden City, AL | ||||||||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | ||||||||||
Property | 15.18 | Dollar General-West Point, IA | ||||||||||
Property | 15.19 | Dollar General-Backus, MN | ||||||||||
Property | 15.20 | Dollar General-Erskine, MN | ||||||||||
Property | 15.21 | Dollar General-Athens, AL | ||||||||||
Property | 15.22 | Dollar General-Cullman, AL | ||||||||||
Property | 15.23 | Dollar General-Pellston, MI | ||||||||||
A-1-4
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Interest | Original | Remaining | Original | Remaining | First | |||||||
Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | |||
Loan | ID | Property Name | Rate(6) | Fee Rate(7) | Basis | Maturity or ARD | Maturity or ARD | Term(8) | Term(8) | Date | Date | or ARD Date |
Property | 15.24 | Dollar General-Clinton, AL | ||||||||||
Property | 15.25 | Dollar General-Sebeka, MN | ||||||||||
Property | 15.26 | Dollar General-Detroit, AL | ||||||||||
Property | 15.27 | Dollar General-Larchwood, IA | ||||||||||
Property | 15.28 | Dollar General-New Market, AL | ||||||||||
Property | 15.29 | Dollar General-Ramer, AL | ||||||||||
Property | 15.30 | Dollar General-Pansey, AL | ||||||||||
Property | 15.31 | Dollar General-Pennington, AL | ||||||||||
Property | 15.32 | Dollar General-Waterloo, AL | ||||||||||
Property | 15.33 | Dollar General-Arab, AL | ||||||||||
Loan | 16 | Tulsa Office Portfolio(2) | 5.25000% | 0.0161% | Actual/360 | 120 | 119 | 360 | 359 | 02/26/2019 | 04/06/2019 | 03/06/2029 |
Property | 16.01 | Exchange Tower | ||||||||||
Property | 16.02 | Towne Center | ||||||||||
Property | 16.03 | Two Memorial Place | ||||||||||
Property | 16.04 | Triad Center I | ||||||||||
Property | 16.05 | Corporate Place | ||||||||||
Property | 16.06 | The 51 Yale Building | ||||||||||
Property | 16.07 | Commerce Tower | ||||||||||
Property | 16.08 | Riverbridge Office | ||||||||||
Property | 16.09 | Three Memorial Place | ||||||||||
Loan | 17 | Sharon Park Apartments | 4.84000% | 0.0161% | Actual/360 | 120 | 119 | 360 | 360 | 02/26/2019 | 04/06/2019 | 03/06/2029 |
Loan | 18 | Spring Hollow Apartments(36) | 5.10000% | 0.0436% | Actual/360 | 120 | 118 | 360 | 360 | 02/06/2019 | 03/06/2019 | 02/06/2029 |
Loan | 19 | Atrium Two(2)(35) | 5.05900% | 0.0336% | Actual/360 | 120 | 116 | 360 | 360 | 11/27/2018 | 01/06/2019 | 12/06/2028 |
Loan | 20 | The Landing Apartments(36) | 5.19000% | 0.0361% | Actual/360 | 120 | 118 | 360 | 360 | 01/11/2019 | 03/06/2019 | 02/06/2029 |
Loan | 21 | Union Bay Apartments(36) | 5.00000% | 0.0161% | Actual/360 | 120 | 118 | 0 | 0 | 01/31/2019 | 03/06/2019 | 02/06/2029 |
Loan | 22 | Baywood San Mateo(32) | 4.95000% | 0.0261% | Actual/360 | 120 | 119 | 0 | 0 | 02/19/2019 | 04/06/2019 | 03/06/2029 |
Loan | 23 | Liberty Station Retail(2) | 5.23000% | 0.0361% | Actual/360 | 120 | 116 | 0 | 0 | 11/15/2018 | 01/01/2019 | 12/01/2028 |
Loan | 24 | 166 Geary Street | 5.00000% | 0.0161% | Actual/360 | 120 | 119 | 360 | 360 | 02/22/2019 | 04/01/2019 | 03/01/2029 |
Loan | 25 | Vie Portfolio(2) | 5.15000% | 0.0161% | Actual/360 | 120 | 118 | 0 | 0 | 01/28/2019 | 03/01/2019 | 02/01/2029 |
Property | 25.01 | University Downs | ||||||||||
Property | 25.02 | Ella Lofts | ||||||||||
Property | 25.03 | University View | ||||||||||
Property | 25.04 | Colonie | ||||||||||
Property | 25.05 | Hillcrest Oakwood | ||||||||||
Property | 25.06 | Southgate | ||||||||||
Loan | 26 | Roanoke Crossing Shopping Center | 4.87000% | 0.0161% | Actual/360 | 120 | 118 | 360 | 360 | 01/18/2019 | 03/01/2019 | 02/01/2029 |
A-1-5
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Interest | Original | Remaining | Original | Remaining | First | |||||||
Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | |||
Loan | ID | Property Name | Rate(6) | Fee Rate(7) | Basis | Maturity or ARD | Maturity or ARD | Term(8) | Term(8) | Date | Date | or ARD Date |
Loan | 27 | Texas Marriott & Hilton Portfolio | 5.40000% | 0.0161% | Actual/360 | 120 | 119 | 360 | 359 | 02/19/2019 | 04/06/2019 | 03/06/2029 |
Property | 27.01 | Homewood Suites Brownsville | ||||||||||
Property | 27.02 | Residence Inn Laredo | ||||||||||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 5.10000% | 0.0436% | Actual/360 | 120 | 119 | 360 | 359 | 02/07/2019 | 04/01/2019 | 03/01/2029 |
Loan | 29 | Hilton Garden Inn - Valley Forge | 5.10000% | 0.0436% | Actual/360 | 120 | 119 | 360 | 359 | 02/07/2019 | 04/01/2019 | 03/01/2029 |
Loan | 30 | AC Marriott Downtown Tucson(2) | 5.38000% | 0.0148% | Actual/360 | 120 | 117 | 360 | 360 | 12/19/2018 | 02/06/2019 | 01/06/2029 |
Loan | 31 | Atlantic Gardens | 4.79000% | 0.0161% | Actual/360 | 120 | 119 | 0 | 0 | 02/07/2019 | 04/06/2019 | 03/06/2029 |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 4.85000% | 0.0161% | Actual/360 | 120 | 118 | 0 | 0 | 01/17/2019 | 03/06/2019 | 02/06/2029 |
Loan | 33 | Compass Self Storage PA & FL Portfolio | 5.06000% | 0.0636% | Actual/360 | 120 | 118 | 360 | 360 | 02/06/2019 | 03/06/2019 | 02/06/2029 |
Property | 33.01 | Compass Self Storage Spring Hill | ||||||||||
Property | 33.02 | Route 8 Self Storage | ||||||||||
Loan | 34 | Meridian Tower | 4.96000% | 0.0536% | Actual/360 | 120 | 117 | 360 | 357 | 12/20/2018 | 02/06/2019 | 01/06/2029 |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 4.98000% | 0.0161% | Actual/360 | 120 | 119 | 0 | 0 | 02/21/2019 | 04/06/2019 | 03/06/2029 |
Property | 35.01 | 69 Clinton Street | ||||||||||
Property | 35.02 | 28 East 13th Street | ||||||||||
Loan | 36 | 8401 Melrose | 4.40000% | 0.0161% | Actual/360 | 120 | 119 | 480 | 479 | 02/11/2019 | 04/06/2019 | 03/06/2029 |
Loan | 37 | Huntsville Self Storage Portfolio | 5.30000% | 0.0161% | Actual/360 | 120 | 119 | 360 | 360 | 02/08/2019 | 04/06/2019 | 03/06/2029 |
Property | 37.01 | Hampton Cove | ||||||||||
Property | 37.02 | Safe & Secure | ||||||||||
Property | 37.03 | Mt. Carmel & Bell Factory | ||||||||||
Loan | 38 | Rosemont Commons Fee | 4.85000% | 0.0161% | Actual/360 | 120 | 119 | 0 | 0 | 02/15/2019 | 04/06/2019 | 03/06/2029 |
Loan | 39 | Walgreens - MA & NH | 4.82000% | 0.0161% | Actual/360 | 120 | 119 | 360 | 360 | 02/25/2019 | 04/01/2019 | 03/01/2029 |
Property | 39.01 | Walgreens - MA | ||||||||||
Property | 39.02 | Walgreens - NH | ||||||||||
Loan | 40 | 116 University Place | 5.10000% | 0.0161% | Actual/360 | 120 | 119 | 0 | 0 | 02/05/2019 | 04/01/2019 | 03/01/2029 |
Loan | 41 | Massman Ina Portfolio | 4.88000% | 0.0161% | Actual/360 | 120 | 118 | 360 | 358 | 01/29/2019 | 03/06/2019 | 02/06/2029 |
Property | 41.01 | Massman Drive | ||||||||||
Property | 41.02 | West Ina Road | ||||||||||
Loan | 42 | Colony Retail | 5.20000% | 0.0161% | Actual/360 | 120 | 119 | 360 | 360 | 02/27/2019 | 04/01/2019 | 03/01/2029 |
Loan | 43 | 161 Court Street | 5.06000% | 0.0161% | Actual/360 | 120 | 119 | 0 | 0 | 02/08/2019 | 04/06/2019 | 03/06/2029 |
Loan | 44 | First Colony Self Storage | 4.41000% | 0.0161% | Actual/360 | 120 | 118 | 0 | 0 | 02/01/2019 | 03/06/2019 | 02/06/2029 |
Loan | 45 | I-10 & Haden Shopping Center | 5.05000% | 0.0561% | Actual/360 | 120 | 119 | 360 | 359 | 02/19/2019 | 04/01/2019 | 03/01/2029 |
Loan | 46 | South Port Apartments | 5.18000% | 0.1236% | Actual/360 | 120 | 118 | 360 | 358 | 01/18/2019 | 03/06/2019 | 02/06/2029 |
A-1-6
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | ||||||||||
Monthly | Annual | Companion Loan | Companion Loan | Remaining | |||||||
ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | ||||
Loan | ID | Property Name | (Yes/No) | Maturity Date | Service($)(8)(9) | Service($)(8)(9) | Service($)(8) | Service($)(8) | Period | Lockbox(11) | Management(12) |
Loan | 1 | 3 Columbus Circle(2)(33) | No | 03/11/2029 | 248,023 | 2,976,271 | 1,372,392 | 16,468,699 | 119 | Hard | In Place |
Loan | 2 | 3 Park Avenue(2)(35)(36) | No | 12/06/2028 | 240,799 | 2,889,583 | 489,624 | 5,875,486 | 116 | Hard | Springing |
Loan | 3 | Saint Louis Galleria(2)(34) | No | 11/01/2028 | 329,576 | 3,954,909 | 988,727 | 11,864,728 | 55 | Hard | Springing |
Loan | 4 | ARC Apartments(2)(33) | No | 03/01/2024 | 209,394 | 2,512,733 | 122,147 | 1,465,761 | 59 | Soft (Residential); Hard (Retail) | Springing |
Loan | 5 | 9800 Wilshire(32) | No | 02/06/2029 | 239,320 | 2,871,840 | 118 | Hard | Springing | ||
Loan | 6 | 5202 Ben White | No | 03/06/2029 | 175,479 | 2,105,746 | 119 | Hard | Springing | ||
Loan | 7 | 101 California(2)(33)(35) | No | 03/06/2029 | 130,116 | 1,561,389 | 1,584,159 | 19,009,910 | 119 | Hard | Springing |
Loan | 8 | Soho Beach House(2)(34)(36) | No | 02/06/2024 | 180,472 | 2,165,667 | 67,677 | 812,125 | 58 | Hard | In Place |
Loan | 9 | Pace Gallery HQ(2) | No | 02/06/2029 | 174,051 | 2,088,611 | 217,564 | 2,610,764 | 118 | Springing Hard | Springing |
Loan | 10 | AT580 Multi | No | 02/06/2024 | 209,746 | 2,516,951 | 22 | Soft | Springing | ||
Loan | 11 | Tailor Lofts | No | 03/01/2029 | 200,984 | 2,411,806 | 59 | Springing Soft | Springing | ||
Loan | 12 | Embassy Suites Scottsdale(34) | No | 02/06/2029 | 177,418 | 2,129,015 | 118 | Hard | Springing | ||
Loan | 13 | Flight(34) | No | 03/01/2029 | 176,000 | 2,111,994 | 0 | Hard | In Place | ||
Loan | 14 | The Crossing at Katy Ranch | No | 03/01/2029 | 126,154 | 1,513,849 | 119 | Soft | Springing | ||
Loan | 15 | Dollar General Portfolio(34) | Yes | 01/06/2033 | 155,927 | 1,871,123 | 33 | Hard | In Place | ||
Property | 15.01 | Dollar General-Afton, NY | |||||||||
Property | 15.02 | Dollar General-Rogers City, MI | |||||||||
Property | 15.03 | Dollar General-Oakman, AL | |||||||||
Property | 15.04 | Dollar General-Attalla, AL | |||||||||
Property | 15.05 | Dollar General-Greenbush, MN | |||||||||
Property | 15.06 | Dollar General-Opelika, AL | |||||||||
Property | 15.07 | Dollar General-Ishpeming, MI | |||||||||
Property | 15.08 | Dollar General-Lisman, AL | |||||||||
Property | 15.09 | Dollar General-Verbena, AL | |||||||||
Property | 15.10 | Dollar General-Appleton, MN | |||||||||
Property | 15.11 | Dollar General-New York Mills, MN | |||||||||
Property | 15.12 | Dollar General-Barry, IL | |||||||||
Property | 15.13 | Dollar General-Thomaston, AL | |||||||||
Property | 15.14 | Dollar General-Coffeen, IL | |||||||||
Property | 15.15 | Dollar General-Payson, IL | |||||||||
Property | 15.16 | Dollar General-Garden City, AL | |||||||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | |||||||||
Property | 15.18 | Dollar General-West Point, IA | |||||||||
Property | 15.19 | Dollar General-Backus, MN | |||||||||
Property | 15.20 | Dollar General-Erskine, MN | |||||||||
Property | 15.21 | Dollar General-Athens, AL | |||||||||
Property | 15.22 | Dollar General-Cullman, AL | |||||||||
Property | 15.23 | Dollar General-Pellston, MI |
A-1-7
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | ||||||||||
Monthly | Annual | Companion Loan | Companion Loan | Remaining | |||||||
ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | ||||
Loan | ID | Property Name | (Yes/No) | Maturity Date | Service($)(8)(9) | Service($)(8)(9) | Service($)(8) | Service($)(8) | Period | Lockbox(11) | Management(12) |
Property | 15.24 | Dollar General-Clinton, AL | |||||||||
Property | 15.25 | Dollar General-Sebeka, MN | |||||||||
Property | 15.26 | Dollar General-Detroit, AL | |||||||||
Property | 15.27 | Dollar General-Larchwood, IA | |||||||||
Property | 15.28 | Dollar General-New Market, AL | |||||||||
Property | 15.29 | Dollar General-Ramer, AL | |||||||||
Property | 15.30 | Dollar General-Pansey, AL | |||||||||
Property | 15.31 | Dollar General-Pennington, AL | |||||||||
Property | 15.32 | Dollar General-Waterloo, AL | |||||||||
Property | 15.33 | Dollar General-Arab, AL | |||||||||
Loan | 16 | Tulsa Office Portfolio(2) | No | 03/06/2029 | 158,344 | 1,900,133 | 110,441 | 1,325,289 | 0 | Hard | Springing |
Property | 16.01 | Exchange Tower | |||||||||
Property | 16.02 | Towne Center | |||||||||
Property | 16.03 | Two Memorial Place | |||||||||
Property | 16.04 | Triad Center I | |||||||||
Property | 16.05 | Corporate Place | |||||||||
Property | 16.06 | The 51 Yale Building | |||||||||
Property | 16.07 | Commerce Tower | |||||||||
Property | 16.08 | Riverbridge Office | |||||||||
Property | 16.09 | Three Memorial Place | |||||||||
Loan | 17 | Sharon Park Apartments | No | 03/06/2029 | 144,949 | 1,739,383 | 35 | Springing Soft | Springing | ||
Loan | 18 | Spring Hollow Apartments(36) | No | 02/06/2029 | 146,596 | 1,759,157 | 34 | Springing Soft | Springing | ||
Loan | 19 | Atrium Two(2)(35) | No | 12/06/2028 | 137,810 | 1,653,726 | 162,130 | 1,945,560 | 8 | Hard | Springing |
Loan | 20 | The Landing Apartments(36) | No | 02/06/2029 | 131,638 | 1,579,661 | 58 | Hard | Springing | ||
Loan | 21 | Union Bay Apartments(36) | No | 02/06/2029 | 91,672 | 1,100,069 | 118 | Springing Soft | Springing | ||
Loan | 22 | Baywood San Mateo(32) | No | 03/06/2029 | 87,828 | 1,053,938 | 119 | Springing Hard | Springing | ||
Loan | 23 | Liberty Station Retail(2) | No | 12/01/2028 | 88,377 | 1,060,528 | 428,630 | 5,143,560 | 116 | Hard | Springing |
Loan | 24 | 166 Geary Street | No | 03/01/2029 | 101,996 | 1,223,953 | 23 | Hard | Springing | ||
Loan | 25 | Vie Portfolio(2) | No | 02/01/2029 | 76,147 | 913,767 | 251,873 | 3,022,481 | 118 | Hard | In Place |
Property | 25.01 | University Downs | |||||||||
Property | 25.02 | Ella Lofts | |||||||||
Property | 25.03 | University View | |||||||||
Property | 25.04 | Colonie | |||||||||
Property | 25.05 | Hillcrest Oakwood | |||||||||
Property | 25.06 | Southgate | |||||||||
Loan | 26 | Roanoke Crossing Shopping Center | No | 02/01/2029 | 87,692 | 1,052,309 | 58 | Springing Hard | Springing |
A-1-8
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Pari Passu | Pari Passu | ||||||||||
Monthly | Annual | Companion Loan | Companion Loan | Remaining | |||||||
ARD Loan | Final | Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | ||||
Loan | ID | Property Name | (Yes/No) | Maturity Date | Service($)(8)(9) | Service($)(8)(9) | Service($)(8) | Service($)(8) | Period | Lockbox(11) | Management(12) |
Loan | 27 | Texas Marriott & Hilton Portfolio | No | 03/06/2029 | 92,933 | 1,115,200 | 0 | Springing Hard | Springing | ||
Property | 27.01 | Homewood Suites Brownsville | |||||||||
Property | 27.02 | Residence Inn Laredo | |||||||||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | No | 03/01/2029 | 83,071 | 996,856 | 0 | Springing Hard | Springing | ||
Loan | 29 | Hilton Garden Inn - Valley Forge | No | 03/01/2029 | 83,071 | 996,856 | 0 | Springing Hard | Springing | ||
Loan | 30 | AC Marriott Downtown Tucson(2) | No | 01/06/2029 | 84,042 | 1,008,509 | 140,071 | 1,680,849 | 33 | Springing Hard | Springing |
Loan | 31 | Atlantic Gardens | No | 03/06/2029 | 60,707 | 728,479 | 119 | Springing Hard | Springing | ||
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | No | 02/06/2029 | 61,057 | 732,687 | 118 | Hard | Springing | ||
Loan | 33 | Compass Self Storage PA & FL Portfolio | No | 02/06/2029 | 78,101 | 937,218 | 34 | Springing Soft | Springing | ||
Property | 33.01 | Compass Self Storage Spring Hill | |||||||||
Property | 33.02 | Route 8 Self Storage | |||||||||
Loan | 34 | Meridian Tower | No | 01/06/2029 | 70,805 | 849,664 | 0 | Hard | Springing | ||
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | No | 03/06/2029 | 52,175 | 626,097 | 119 | Soft (Residential); Hard (Retail) | Springing | ||
Property | 35.01 | 69 Clinton Street | |||||||||
Property | 35.02 | 28 East 13th Street | |||||||||
Loan | 36 | 8401 Melrose | No | 03/06/2029 | 53,179 | 638,143 | 0 | Springing Hard | Springing | ||
Loan | 37 | Huntsville Self Storage Portfolio | No | 03/06/2029 | 64,415 | 772,984 | 35 | Springing Soft | Springing | ||
Property | 37.01 | Hampton Cove | |||||||||
Property | 37.02 | Safe & Secure | |||||||||
Property | 37.03 | Mt. Carmel & Bell Factory | |||||||||
Loan | 38 | Rosemont Commons Fee | No | 03/06/2029 | 45,076 | 540,910 | 119 | Hard | Springing | ||
Loan | 39 | Walgreens - MA & NH | No | 03/01/2029 | 56,269 | 675,223 | 35 | Hard | Springing | ||
Property | 39.01 | Walgreens - MA | |||||||||
Property | 39.02 | Walgreens - NH | |||||||||
Loan | 40 | 116 University Place | No | 03/01/2029 | 41,151 | 493,815 | 119 | Hard | Springing | ||
Loan | 41 | Massman Ina Portfolio | No | 02/06/2029 | 46,068 | 552,810 | 0 | Hard | Springing | ||
Property | 41.01 | Massman Drive | |||||||||
Property | 41.02 | West Ina Road | |||||||||
Loan | 42 | Colony Retail | No | 03/01/2029 | 44,478 | 533,736 | 35 | Springing Hard | Springing | ||
Loan | 43 | 161 Court Street | No | 03/06/2029 | 31,637 | 379,641 | 119 | Springing Hard | Springing | ||
Loan | 44 | First Colony Self Storage | No | 02/06/2029 | 19,934 | 239,212 | 118 | Springing Soft | Springing | ||
Loan | 45 | I-10 & Haden Shopping Center | No | 03/01/2029 | 21,595 | 259,143 | 0 | Springing Hard | Springing | ||
Loan | 46 | South Port Apartments | No | 02/06/2029 | 20,271 | 243,257 | 0 | Springing Soft | Springing |
A-1-9
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Crossed | FIRREA | Cut-Off | ||||||||||
With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | |||
Loan | ID | Property Name | Other Loans | Borrower | NOI DSCR(8)(9)(13) | NCF DSCR(8)(9)(13) | Period(15) | Date | Value ($)(16) | As-of Date(16) | (Yes/No) | Ratio(10)(13)(16) |
Loan | 1 | 3 Columbus Circle(2)(33) | No | No | 3.11x | 2.91x | 0 | 11 | 1,080,000,000 | 01/01/2019 | Yes | 45.4% |
Loan | 2 | 3 Park Avenue(2)(35)(36) | No | No | 2.08x | 1.84x | 0 | 6 | 505,000,000 | 10/25/2018 | Yes | 36.0% |
Loan | 3 | Saint Louis Galleria(2)(34) | No | No | 1.72x | 1.67x | 1 (Once per year) | 1 | 465,600,000 | 09/24/2018 | Yes | 51.5% |
Loan | 4 | ARC Apartments(2)(33) | No | No | 3.50x | 3.48x | 5 | 1 | 297,000,000 | 11/09/2018 | Yes | 32.0% |
Loan | 5 | 9800 Wilshire(32) | No | No | 1.52x | 1.52x | 0 | 6 | 103,400,000 | 01/03/2019 | Yes | 53.2% |
Loan | 6 | 5202 Ben White | No | Yes - A | 2.01x | 1.98x | 0 | 6 | 68,500,000 | 04/01/2019 | Yes | 62.8% |
Loan | 7 | 101 California(2)(33)(35) | No | No | 3.28x | 3.22x | 0 | 6 | 1,466,000,000 | 11/13/2018 | Yes | 35.9% |
Loan | 8 | Soho Beach House(2)(34)(36) | No | No | 5.17x | 4.75x | 0 | 6 | 214,000,000 | 11/01/2018 | Yes | 25.7% |
Loan | 9 | Pace Gallery HQ(2) | No | No | 1.73x | 1.62x | 0 | 6 | 180,000,000 | 05/01/2019 | Yes | 50.0% |
Loan | 10 | AT580 Multi | No | No | 1.45x | 1.43x | 0 | 6 | 51,800,000 | 11/19/2018 | Yes | 74.3% |
Loan | 11 | Tailor Lofts | No | No | 1.45x | 1.42x | 0 | 1 | 60,300,000 | 12/19/2018 | Yes | 63.0% |
Loan | 12 | Embassy Suites Scottsdale(34) | No | No | 1.99x | 1.64x | 0 | 6 | 70,400,000 | 11/20/2018 | Yes | 50.4% |
Loan | 13 | Flight(34) | No | No | 1.90x | 1.82x | 0 | 1 | 63,100,000 | 11/19/2018 | Yes | 52.6% |
Loan | 14 | The Crossing at Katy Ranch | No | No | 1.86x | 1.82x | 5 | 1 | 51,980,000 | 02/01/2019 | Yes | 59.8% |
Loan | 15 | Dollar General Portfolio(34) | No | No | 1.42x | 1.40x | 0 | 6 | 40,245,000 | Various | Yes | 72.6% |
Property | 15.01 | Dollar General-Afton, NY | 1,480,000 | 11/07/2018 | Yes | |||||||
Property | 15.02 | Dollar General-Rogers City, MI | 1,400,000 | 11/08/2018 | Yes | |||||||
Property | 15.03 | Dollar General-Oakman, AL | 1,400,000 | 11/09/2018 | Yes | |||||||
Property | 15.04 | Dollar General-Attalla, AL | 1,350,000 | 11/09/2018 | Yes | |||||||
Property | 15.05 | Dollar General-Greenbush, MN | 1,350,000 | 11/08/2018 | Yes | |||||||
Property | 15.06 | Dollar General-Opelika, AL | 1,350,000 | 11/08/2018 | Yes | |||||||
Property | 15.07 | Dollar General-Ishpeming, MI | 1,315,000 | 11/08/2018 | Yes | |||||||
Property | 15.08 | Dollar General-Lisman, AL | 1,290,000 | 11/10/2018 | Yes | |||||||
Property | 15.09 | Dollar General-Verbena, AL | 1,270,000 | 11/08/2018 | Yes | |||||||
Property | 15.10 | Dollar General-Appleton, MN | 1,270,000 | 11/10/2018 | Yes | |||||||
Property | 15.11 | Dollar General-New York Mills, MN | 1,250,000 | 11/10/2018 | Yes | |||||||
Property | 15.12 | Dollar General-Barry, IL | 1,250,000 | 11/06/2018 | Yes | |||||||
Property | 15.13 | Dollar General-Thomaston, AL | 1,240,000 | 11/10/2018 | Yes | |||||||
Property | 15.14 | Dollar General-Coffeen, IL | 1,220,000 | 11/06/2018 | Yes | |||||||
Property | 15.15 | Dollar General-Payson, IL | 1,200,000 | 11/06/2018 | Yes | |||||||
Property | 15.16 | Dollar General-Garden City, AL | 1,200,000 | 11/09/2018 | Yes | |||||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | 1,200,000 | 11/08/2018 | Yes | |||||||
Property | 15.18 | Dollar General-West Point, IA | 1,180,000 | 11/09/2018 | Yes | |||||||
Property | 15.19 | Dollar General-Backus, MN | 1,180,000 | 11/08/2018 | Yes | |||||||
Property | 15.20 | Dollar General-Erskine, MN | 1,170,000 | 11/08/2018 | Yes | |||||||
Property | 15.21 | Dollar General-Athens, AL | 1,160,000 | 11/09/2018 | Yes | |||||||
Property | 15.22 | Dollar General-Cullman, AL | 1,150,000 | 11/09/2018 | Yes | |||||||
Property | 15.23 | Dollar General-Pellston, MI | 1,150,000 | 11/08/2018 | Yes | |||||||
A-1-10
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Crossed | FIRREA | Cut-Off | ||||||||||
With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | |||
Loan | ID | Property Name | Other Loans | Borrower | NOI DSCR(8)(9)(13) | NCF DSCR(8)(9)(13) | Period(15) | Date | Value ($)(16) | As-of Date(16) | (Yes/No) | Ratio(10)(13)(16) |
Property | 15.24 | Dollar General-Clinton, AL | 1,140,000 | 11/10/2018 | Yes | |||||||
Property | 15.25 | Dollar General-Sebeka, MN | 1,140,000 | 11/10/2018 | Yes | |||||||
Property | 15.26 | Dollar General-Detroit, AL | 1,130,000 | 11/09/2018 | Yes | |||||||
Property | 15.27 | Dollar General-Larchwood, IA | 1,130,000 | 11/10/2018 | Yes | |||||||
Property | 15.28 | Dollar General-New Market, AL | 1,130,000 | 11/09/2018 | Yes | |||||||
Property | 15.29 | Dollar General-Ramer, AL | 1,130,000 | 11/08/2018 | Yes | |||||||
Property | 15.30 | Dollar General-Pansey, AL | 1,120,000 | 11/16/2018 | Yes | |||||||
Property | 15.31 | Dollar General-Pennington, AL | 1,120,000 | 11/10/2018 | Yes | |||||||
Property | 15.32 | Dollar General-Waterloo, AL | 1,120,000 | 11/10/2018 | Yes | |||||||
Property | 15.33 | Dollar General-Arab, AL | 1,060,000 | 11/09/2018 | Yes | |||||||
Loan | 16 | Tulsa Office Portfolio(2) | No | No | 1.96x | 1.62x | 0 | 6 | 67,400,000 | 12/12/2018 | Yes | 72.1% |
Property | 16.01 | Exchange Tower | 15,700,000 | 12/12/2018 | Yes | |||||||
Property | 16.02 | Towne Center | 12,200,000 | 12/12/2018 | Yes | |||||||
Property | 16.03 | Two Memorial Place | 10,600,000 | 12/12/2018 | Yes | |||||||
Property | 16.04 | Triad Center I | 7,900,000 | 12/12/2018 | Yes | |||||||
Property | 16.05 | Corporate Place | 5,400,000 | 12/12/2018 | Yes | |||||||
Property | 16.06 | The 51 Yale Building | 5,300,000 | 12/12/2018 | Yes | |||||||
Property | 16.07 | Commerce Tower | 4,300,000 | 12/12/2018 | Yes | |||||||
Property | 16.08 | Riverbridge Office | 3,300,000 | 12/12/2018 | Yes | |||||||
Property | 16.09 | Three Memorial Place | 2,700,000 | 12/12/2018 | Yes | |||||||
Loan | 17 | Sharon Park Apartments | No | No | 1.54x | 1.43x | 0 | 6 | 41,300,000 | 01/17/2019 | Yes | 66.6% |
Loan | 18 | Spring Hollow Apartments(36) | No | No | 1.35x | 1.27x | 0 | 6 | 38,500,000 | 01/01/2022 | Yes | 70.1% |
Loan | 19 | Atrium Two(2)(35) | No | Yes - B | 1.76x | 1.52x | 0 | 6 | 76,000,000 | 10/11/2018 | Yes | 73.0% |
Loan | 20 | The Landing Apartments(36) | No | No | 1.22x | 1.20x | 0 | 6 | 32,200,000 | 12/11/2018 | Yes | 74.5% |
Loan | 21 | Union Bay Apartments(36) | No | No | 1.41x | 1.39x | 0 | 6 | 34,250,000 | 12/05/2018 | Yes | 63.4% |
Loan | 22 | Baywood San Mateo(32) | No | No | 1.61x | 1.54x | 0 | 6 | 34,500,000 | 01/09/2019 | Yes | 60.9% |
Loan | 23 | Liberty Station Retail(2) | No | No | 1.51x | 1.45x | 0 | 1 | 170,000,000 | 10/01/2018 | Yes | 68.8% |
Loan | 24 | 166 Geary Street | No | No | 1.27x | 1.23x | 0 | 1 | 25,800,000 | 09/01/2019 | Yes | 73.6% |
Loan | 25 | Vie Portfolio(2) | No | No | 1.90x | 1.90x | 0 | 1 | 120,600,000 | Various | Yes | 62.5% |
Property | 25.01 | University Downs | 34,500,000 | 11/28/2018 | Yes | |||||||
Property | 25.02 | Ella Lofts | 22,300,000 | 11/27/2018 | Yes | |||||||
Property | 25.03 | University View | 21,600,000 | 12/03/2018 | Yes | |||||||
Property | 25.04 | Colonie | 15,500,000 | 12/04/2018 | Yes | |||||||
Property | 25.05 | Hillcrest Oakwood | 17,200,000 | 12/05/2018 | Yes | |||||||
Property | 25.06 | Southgate | 9,500,000 | 12/04/2018 | Yes | |||||||
Loan | 26 | Roanoke Crossing Shopping Center | No | No | 1.58x | 1.49x | 5 | 1 | 24,900,000 | 12/19/2018 | Yes | 66.6% |
A-1-11
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Crossed | FIRREA | Cut-Off | ||||||||||
With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | |||
Loan | ID | Property Name | Other Loans | Borrower | NOI DSCR(8)(9)(13) | NCF DSCR(8)(9)(13) | Period(15) | Date | Value ($)(16) | As-of Date(16) | (Yes/No) | Ratio(10)(13)(16) |
Loan | 27 | Texas Marriott & Hilton Portfolio | No | No | 1.99x | 1.79x | 0 | 6 | 24,300,000 | Various | Yes | 68.0% |
Property | 27.01 | Homewood Suites Brownsville | 12,200,000 | 01/04/2019 | Yes | |||||||
Property | 27.02 | Residence Inn Laredo | 12,100,000 | 01/07/2021 | Yes | |||||||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | No | Yes - C | 1.84x | 1.84x | 0 | 1 | 22,500,000 | 12/01/2018 | Yes | 67.9% |
Loan | 29 | Hilton Garden Inn - Valley Forge | No | Yes - C | 1.69x | 1.69x | 0 | 1 | 22,500,000 | 12/01/2018 | Yes | 67.9% |
Loan | 30 | AC Marriott Downtown Tucson(2) | No | No | 1.85x | 1.70x | 0 | 6 | 59,420,000 | 11/13/2018 | Yes | 67.3% |
Loan | 31 | Atlantic Gardens | No | Yes - A | 1.68x | 1.64x | 0 | 6 | 27,600,000 | 12/21/2018 | Yes | 54.3% |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | No | No | 2.80x | 2.51x | 0 | 6 | 25,500,000 | 12/07/2018 | Yes | 58.4% |
Loan | 33 | Compass Self Storage PA & FL Portfolio | No | No | 1.47x | 1.45x | 0 | 6 | 23,500,000 | Various | Yes | 61.5% |
Property | 33.01 | Compass Self Storage Spring Hill | 12,800,000 | 12/11/2018 | Yes | |||||||
Property | 33.02 | Route 8 Self Storage | 10,700,000 | 12/13/2018 | Yes | |||||||
Loan | 34 | Meridian Tower | No | Yes - B | 1.82x | 1.58x | 0 | 6 | 18,000,000 | 09/01/2019 | Yes | 73.3% |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | No | No | 1.40x | 1.39x | 0 | 6 | 20,600,000 | 01/17/2019 | Yes | 60.2% |
Property | 35.01 | 69 Clinton Street | 12,000,000 | 01/17/2019 | Yes | |||||||
Property | 35.02 | 28 East 13th Street | 8,600,000 | 01/17/2019 | Yes | |||||||
Loan | 36 | 8401 Melrose | No | No | 2.55x | 2.55x | 0 | 6 | 36,500,000 | 12/14/2018 | Yes | 32.9% |
Loan | 37 | Huntsville Self Storage Portfolio | No | No | 1.30x | 1.25x | 0 | 6 | 19,650,000 | 12/19/2018 | Yes | 57.0% |
Property | 37.01 | Hampton Cove | 11,150,000 | 12/19/2018 | Yes | |||||||
Property | 37.02 | Safe & Secure | 5,050,000 | 12/19/2018 | Yes | |||||||
Property | 37.03 | Mt. Carmel & Bell Factory | 3,450,000 | 12/19/2018 | Yes | |||||||
Loan | 38 | Rosemont Commons Fee | No | No | 1.77x | 1.77x | 0 | 6 | 16,200,000 | 01/10/2019 | Yes | 67.9% |
Loan | 39 | Walgreens - MA & NH | No | No | 1.39x | 1.39x | 0 | 1 | 15,400,000 | Various | Yes | 69.5% |
Property | 39.01 | Walgreens - MA | 7,900,000 | 12/28/2018 | Yes | |||||||
Property | 39.02 | Walgreens - NH | 7,500,000 | 01/02/2019 | Yes | |||||||
Loan | 40 | 116 University Place | No | No | 1.58x | 1.57x | 0 | 1 | 14,700,000 | 10/11/2018 | Yes | 65.0% |
Loan | 41 | Massman Ina Portfolio | No | No | 1.69x | 1.53x | 0 | 6 | 13,800,000 | Various | Yes | 62.9% |
Property | 41.01 | Massman Drive | 10,600,000 | 12/12/2018 | Yes | |||||||
Property | 41.02 | West Ina Road | 3,200,000 | 12/04/2018 | Yes | |||||||
Loan | 42 | Colony Retail | No | No | 1.84x | 1.76x | 0 | 1 | 14,300,000 | 01/11/2019 | Yes | 56.6% |
Loan | 43 | 161 Court Street | No | No | 1.43x | 1.42x | 0 | 6 | 12,000,000 | 12/20/2018 | Yes | 61.7% |
Loan | 44 | First Colony Self Storage | No | No | 4.10x | 4.06x | 0 | 6 | 16,800,000 | 01/03/2019 | Yes | 31.8% |
Loan | 45 | I-10 & Haden Shopping Center | No | No | 1.54x | 1.48x | 0 | 1 | 5,950,000 | 01/21/2019 | Yes | 67.2% |
Loan | 46 | South Port Apartments | No | No | 1.61x | 1.47x | 0 | 6 | 6,200,000 | 12/20/2018 | Yes | 59.5% |
A-1-12
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
LTV Ratio at | ||||||||
Loan | ID | Property Name | Maturity or ARD(13)(16) | Address | City | County | State | Zip Code |
Loan | 1 | 3 Columbus Circle(2)(33) | 45.4% | 3 Columbus Circle | New York | New York | NY | 10019 |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 36.0% | 3 Park Avenue | New York | New York | NY | 10016 |
Loan | 3 | Saint Louis Galleria(2)(34) | 47.0% | 1155 Saint Louis Galleria | Saint Louis | Saint Louis | MO | 63117 |
Loan | 4 | ARC Apartments(2)(33) | 32.0% | 30-02 39th Avenue | Long Island City | Queens | NY | 11101 |
Loan | 5 | 9800 Wilshire(32) | 53.2% | 9800 Wilshire Boulevard and 121 South Spalding Drive | Beverly Hills | Los Angeles | CA | 90212 |
Loan | 6 | 5202 Ben White | 62.8% | 5202 East Ben White Boulevard | Austin | Travis | TX | 78741 |
Loan | 7 | 101 California(2)(33)(35) | 35.9% | 101 California Street | San Francisco | San Francisco | CA | 94111 |
Loan | 8 | Soho Beach House(2)(34)(36) | 25.7% | 4385 Collins Avenue | Miami Beach | Miami-Dade | FL | 33140 |
Loan | 9 | Pace Gallery HQ(2) | 50.0% | 540 West 25th Street | New York | New York | NY | 10001 |
Loan | 10 | AT580 Multi | 71.1% | 580 Walnut Street | Cincinnati | Hamilton | OH | 45202 |
Loan | 11 | Tailor Lofts | 58.0% | 315 South Peoria Street | Chicago | Cook | IL | 60607 |
Loan | 12 | Embassy Suites Scottsdale(34) | 50.4% | 5001 North Scottsdale Road | Scottsdale | Maricopa | AZ | 85250 |
Loan | 13 | Flight(34) | 43.1% | 3575 Ringsby Court | Denver | Denver | CO | 80216 |
Loan | 14 | The Crossing at Katy Ranch | 59.8% | 24949 Katy Ranch Road | Katy | Harris | TX | 77494 |
Loan | 15 | Dollar General Portfolio(34) | 65.2% | Various | Various | Various | Various | Various |
Property | 15.01 | Dollar General-Afton, NY | 311 Main Street | Afton | Chenango | NY | 13730 | |
Property | 15.02 | Dollar General-Rogers City, MI | 103 South Bradley Highway | Rogers City | Presque Isle | MI | 49779 | |
Property | 15.03 | Dollar General-Oakman, AL | 10604 Main Street | Oakman | Walker | AL | 35579 | |
Property | 15.04 | Dollar General-Attalla, AL | 3022 Noccalula Parkway | Attalla | Etowah | AL | 35954 | |
Property | 15.05 | Dollar General-Greenbush, MN | 147 State Highway 32 South | Greenbush | Roseau | MN | 56726 | |
Property | 15.06 | Dollar General-Opelika, AL | 15297 Alabama Highway 51 | Opelika | Lee | AL | 36804 | |
Property | 15.07 | Dollar General-Ishpeming, MI | 22 South Westwood Drive | Ishpeming | Marquette | MI | 49849 | |
Property | 15.08 | Dollar General-Lisman, AL | 4020 Broad Street | Lisman | Choctaw | AL | 36904 | |
Property | 15.09 | Dollar General-Verbena, AL | 6127 County Road 24 | Verbena | Chilton | AL | 36091 | |
Property | 15.10 | Dollar General-Appleton, MN | 2210 Highway 7 Southwest | Appleton | Swift | MN | 56208 | |
Property | 15.11 | Dollar General-New York Mills, MN | 115 North Boardman Avenue North | New York Mills | Otter Tail | MN | 56567 | |
Property | 15.12 | Dollar General-Barry, IL | 35 Kendall Avenue | Barry | Pike | IL | 62312 | |
Property | 15.13 | Dollar General-Thomaston, AL | 201 Chestnut Street | Thomaston | Marengo | AL | 36783 | |
Property | 15.14 | Dollar General-Coffeen, IL | 702 West Main Street | Coffeen | Montgomery | IL | 62017 | |
Property | 15.15 | Dollar General-Payson, IL | 211 East State Street | Payson | Adams | IL | 62360 | |
Property | 15.16 | Dollar General-Garden City, AL | 105 2nd Street Southwest | Garden City | Cullman | AL | 35070 | |
Property | 15.17 | Dollar General-Red Lake Falls, MN | 803 Dow Avenue Southeast | Red Lake Falls | Red Lake | MN | 56750 | |
Property | 15.18 | Dollar General-West Point, IA | 2347 County Road 103 | West Point | Lee | IA | 52656 | |
Property | 15.19 | Dollar General-Backus, MN | 542 State Highway 371 Northwest | Backus | Cass | MN | 56435 | |
Property | 15.20 | Dollar General-Erskine, MN | 209 Highway 2 | Erskine | Polk | MN | 56535 | |
Property | 15.21 | Dollar General-Athens, AL | 28091 Wooley Springs Road | Athens | Limestone | AL | 35613 | |
Property | 15.22 | Dollar General-Cullman, AL | 32655 Alabama Highway 91 | Cullman | Cullman | AL | 35055 | |
Property | 15.23 | Dollar General-Pellston, MI | 87 South US Highway 31 | Pellston | Emmet | MI | 49769 |
A-1-13
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
LTV Ratio at | ||||||||
Loan | ID | Property Name | Maturity or ARD(13)(16) | Address | City | County | State | Zip Code |
Property | 15.24 | Dollar General-Clinton, AL | 129 Alabama Highway 39 | Clinton | Greene | AL | 35448 | |
Property | 15.25 | Dollar General-Sebeka, MN | 307 5th Street Southwest | Sebeka | Wadena | MN | 56477 | |
Property | 15.26 | Dollar General-Detroit, AL | 65563 Highway 17 | Detroit | Lamar | AL | 35552 | |
Property | 15.27 | Dollar General-Larchwood, IA | 1430 Iowa Highway 9 | Larchwood | Lyon | IA | 51241 | |
Property | 15.28 | Dollar General-New Market, AL | 9415 Moores Mill Road | New Market | Madison | AL | 35761 | |
Property | 15.29 | Dollar General-Ramer, AL | 30 Johnny Shirley Road | Ramer | Montgomery | AL | 36069 | |
Property | 15.30 | Dollar General-Pansey, AL | 88 Curtis Mixon Road | Gordon | Houston | AL | 36343 | |
Property | 15.31 | Dollar General-Pennington, AL | 5336 Main Street | Pennington | Choctaw | AL | 36916 | |
Property | 15.32 | Dollar General-Waterloo, AL | 8299 County Road 8 | Waterloo | Lauderdale | AL | 35677 | |
Property | 15.33 | Dollar General-Arab, AL | 5975 County Road 1763 | Arab | Cullman | AL | 35016 | |
Loan | 16 | Tulsa Office Portfolio(2) | 59.9% | Various | Tulsa | Tulsa | OK | Various |
Property | 16.01 | Exchange Tower | 4500 South Garnett Road | Tulsa | Tulsa | OK | 74146 | |
Property | 16.02 | Towne Center | 10810-10830 East 45th Street | Tulsa | Tulsa | OK | 74146 | |
Property | 16.03 | Two Memorial Place | 8023 East 63rd Place | Tulsa | Tulsa | OK | 74133 | |
Property | 16.04 | Triad Center I | 7666 East 61st Street | Tulsa | Tulsa | OK | 74133 | |
Property | 16.05 | Corporate Place | 5800 East Skelly Drive | Tulsa | Tulsa | OK | 74135 | |
Property | 16.06 | The 51 Yale Building | 5110 South Yale Avenue | Tulsa | Tulsa | OK | 74135 | |
Property | 16.07 | Commerce Tower | 5801 East 41st Street | Tulsa | Tulsa | OK | 74135 | |
Property | 16.08 | Riverbridge Office | 1323 East 71st Street | Tulsa | Tulsa | OK | 74136 | |
Property | 16.09 | Three Memorial Place | 7615 East 63rd Place | Tulsa | Tulsa | OK | 74133 | |
Loan | 17 | Sharon Park Apartments | 58.7% | 5600 Chimney Rock Road | Houston | Harris | TX | 77081 |
Loan | 18 | Spring Hollow Apartments(36) | 62.2% | 5987 Thunder Hollow Drive | Toledo | Lucas | OH | 43615 |
Loan | 19 | Atrium Two(2)(35) | 61.8% | 221 East Fourth Street | Cincinnati | Hamilton | OH | 45202 |
Loan | 20 | The Landing Apartments(36) | 68.9% | 4800 East Interstate 240 Service Road | Oklahoma City | Oklahoma | OK | 73135 |
Loan | 21 | Union Bay Apartments(36) | 63.4% | 526 Yale Avenue North | Seattle | King | WA | 98109 |
Loan | 22 | Baywood San Mateo(32) | 60.9% | 333-345 South B Street | San Mateo | San Mateo | CA | 94401 |
Loan | 23 | Liberty Station Retail(2) | 68.8% | 2401, 2445 & 2495 Truxtun Road, 2850 Womble Road, 2400 Historic Decatur, 2881 Roosevelt Road, 2816, 2863 & 2965 Historic Decatur Road, 2860 & 2865 Sims Road, 2855 Perry Road, 2750 Dewey Road and 2556, 2560, 2588 Laning Road | San Diego | San Diego | CA | 92106 |
Loan | 24 | 166 Geary Street | 63.7% | 166 Geary Street | San Francisco | San Francisco | CA | 94108 |
Loan | 25 | Vie Portfolio(2) | 62.5% | Various | Various | Various | Various | Various |
Property | 25.01 | University Downs | 120 15th Street | Tuscaloosa | Tuscaloosa | AL | 35401 | |
Property | 25.02 | Ella Lofts | 817 Chestnut Street | San Marcos | Hays | TX | 78666 | |
Property | 25.03 | University View | 2190 Northwest 4th Court | Boca Raton | Palm Beach | FL | 33431 | |
Property | 25.04 | Colonie | 7 Bristol Court | Amherst | Erie | NY | 14228 | |
Property | 25.05 | Hillcrest Oakwood | 1101 Fuller Avenue & 19700 14 Mile Road | Big Rapids | Mecosta | MI | 49307 | |
Property | 25.06 | Southgate | 801 A Southgate Drive | State College | Centre | PA | 16801 | |
Loan | 26 | Roanoke Crossing Shopping Center | 61.3% | 1200-1224 North Highway 377 and 101-113 & 121 East Highway 114 | Roanoke | Denton | TX | 76262 |
A-1-14
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
LTV Ratio at | ||||||||
Loan | ID | Property Name | Maturity or ARD(13)(16) | Address | City | County | State | Zip Code |
Loan | 27 | Texas Marriott & Hilton Portfolio | 56.7% | Various | Various | Various | TX | Various |
Property | 27.01 | Homewood Suites Brownsville | 3759 North Expressway | Brownsville | Cameron | TX | 78520 | |
Property | 27.02 | Residence Inn Laredo | 310 Lost Oaks Boulevard | Laredo | Webb | TX | 78041 | |
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 56.1% | 681 Shannondell Boulevard | Audubon | Montgomery | PA | 19403 |
Loan | 29 | Hilton Garden Inn - Valley Forge | 56.1% | 500 Cresson Boulevard | Phoenixville | Montgomery | PA | 19460 |
Loan | 30 | AC Marriott Downtown Tucson(2) | 60.1% | 151 East Broadway Boulevard & 256-278 East Congress Street | Tucson | Pima | AZ | 85701 |
Loan | 31 | Atlantic Gardens | 54.3% | 525-541 Atlantic Avenue | Brooklyn | Kings | NY | 11217 |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 58.4% | 125 South Festival Drive | Anaheim | Orange | CA | 92808 |
Loan | 33 | Compass Self Storage PA & FL Portfolio | 54.5% | Various | Various | Various | Various | Various |
Property | 33.01 | Compass Self Storage Spring Hill | 10161 County Line Road | Spring Hill | Hernando | FL | 34608 | |
Property | 33.02 | Route 8 Self Storage | 5301 North Pioneer Road | Gibsonia | Allegheny | PA | 15044 | |
Loan | 34 | Meridian Tower | 60.4% | 10201 North Illinois Street | Indianapolis | Hamilton | IN | 46290 |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 60.2% | Various | New York | New York | NY | Various |
Property | 35.01 | 69 Clinton Street | 69 Clinton Street | New York | New York | NY | 10002 | |
Property | 35.02 | 28 East 13th Street | 28 East 13th Street | New York | New York | NY | 10003 | |
Loan | 36 | 8401 Melrose | 29.4% | 8401 Melrose Avenue | Los Angeles | Los Angeles | CA | 90069 |
Loan | 37 | Huntsville Self Storage Portfolio | 52.6% | Various | Various | Madison | AL | Various |
Property | 37.01 | Hampton Cove | 7250 US-431 | Owens Cross Road | Madison | AL | 35763 | |
Property | 37.02 | Safe & Secure | 1542 Winchester Road Northeast | Huntsville | Madison | AL | 35811 | |
Property | 37.03 | Mt. Carmel & Bell Factory | 753 Homer Nance Road and 2746 Winchester Road | Huntsville | Madison | AL | 35811 | |
Loan | 38 | Rosemont Commons Fee | 67.9% | 3750 West Market Street | Fairlawn | Summit | OH | 44333 |
Loan | 39 | Walgreens - MA & NH | 61.3% | Various | Various | Various | Various | Various |
Property | 39.01 | Walgreens - MA | 328 Rhode Island Avenue | Fall River | Bristol | MA | 02721 | |
Property | 39.02 | Walgreens - NH | 131 Nashua Road | Londonderry | Rockingham | NH | 03053 | |
Loan | 40 | 116 University Place | 65.0% | 116 University Place | New York | New York | NY | 10003 |
Loan | 41 | Massman Ina Portfolio | 51.6% | Various | Various | Various | Various | Various |
Property | 41.01 | Massman Drive | 660 Massman Drive | Nashville | Davidson | TN | 37210 | |
Property | 41.02 | West Ina Road | 3662 West Ina Road | Tucson | Pima | AZ | 85741 | |
Loan | 42 | Colony Retail | 50.4% | 5651 Sam Rayburn Tollway | The Colony | Denton | TX | 75056 |
Loan | 43 | 161 Court Street | 61.7% | 161 Court Street | Brooklyn | Kings | NY | 11201 |
Loan | 44 | First Colony Self Storage | 31.8% | 16615 Lexington Boulevard | Sugar Land | Fort Bend | TX | 77479 |
Loan | 45 | I-10 & Haden Shopping Center | 55.4% | 13740 East Freeway | Houston | Harris | TX | 77015 |
Loan | 46 | South Port Apartments | 49.3% | 9371 Mansfield Road | Shreveport | Caddo | LA | 71118 |
A-1-15
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Units | Loan per Net | |||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | ||||
Loan | ID | Property Name | Built | Renovated | (SF/Units/Rooms)(4) | Measure | (SF/Units/Rooms) $(4)(13) | (# of payments)(17)(18)(19) | |
Loan | 1 | 3 Columbus Circle(2)(33) | 1927 | 2010-2013 | 753,713 | Sq. Ft. | 650 | L(25), D(90), O(5) | |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 1977 | 2001 | 667,446 | Sq. Ft. | 273 | L(28), D(85), O(7) | |
Loan | 3 | Saint Louis Galleria(2)(34) | 1986 | 2011 | 465,695 | Sq. Ft. | 515 | L(29), D(86), O(5) | |
Loan | 4 | ARC Apartments(2)(33) | 2017 | NAP | 428 | Units | 221,963 | L(25), D(31), O(4) | |
Loan | 5 | 9800 Wilshire(32) | 1958 | 2014 | 56,968 | Sq. Ft. | 965 | L(26), D(89), O(5) | |
Loan | 6 | 5202 Ben White | 1984 | 2017-2019 | 244,630 | Sq. Ft. | 176 | L(25), D(91), O(4) | |
Loan | 7 | 101 California(2)(33)(35) | 1983 | 2004 | 1,251,483 | Sq. Ft. | 421 | L(25), YM(88), O(7) | |
Loan | 8 | Soho Beach House(2)(34)(36) | 1942 | 2010 | 49 | Rooms | 1,122,449 | L(25), DorYM1(30), O(4) | |
Loan | 9 | Pace Gallery HQ(2) | 2018 | NAP | 74,563 | Sq. Ft. | 1,207 | L(26), DorYM1(91), O(3) | |
Loan | 10 | AT580 Multi | 1973 | 2015-2017 | 179 | Units | 215,084 | L(26), D(30), O(4) | |
Loan | 11 | Tailor Lofts | 1915, 1920 | 2010 | 441 | Beds | 86,168 | L(25), YM1(92), O(3) | |
Loan | 12 | Embassy Suites Scottsdale(34) | 1980, 1984, 2000 | 2016 | 312 | Rooms | 113,782 | L(26), D(89), O(5) | |
Loan | 13 | Flight(34) | 2018 | NAP | 137,047 | Sq. Ft. | 242 | L(25), YM1(92), O(3) | |
Loan | 14 | The Crossing at Katy Ranch | 2015 | NAP | 318 | Units | 97,799 | L(25), YM1(91), O(4) | |
Loan | 15 | Dollar General Portfolio(34) | Various | NAP | 294,777 | Sq. Ft. | 99 | L(27), D(88), O(5) | |
Property | 15.01 | Dollar General-Afton, NY | 2018 | NAP | 9,002 | Sq. Ft. | 119 | ||
Property | 15.02 | Dollar General-Rogers City, MI | 2018 | NAP | 9,026 | Sq. Ft. | 113 | ||
Property | 15.03 | Dollar General-Oakman, AL | 2018 | NAP | 10,640 | Sq. Ft. | 95 | ||
Property | 15.04 | Dollar General-Attalla, AL | 2018 | NAP | 9,100 | Sq. Ft. | 108 | ||
Property | 15.05 | Dollar General-Greenbush, MN | 2018 | NAP | 9,100 | Sq. Ft. | 108 | ||
Property | 15.06 | Dollar General-Opelika, AL | 2018 | NAP | 9,230 | Sq. Ft. | 106 | ||
Property | 15.07 | Dollar General-Ishpeming, MI | 2018 | NAP | 9,100 | Sq. Ft. | 105 | ||
Property | 15.08 | Dollar General-Lisman, AL | 2018 | NAP | 9,026 | Sq. Ft. | 104 | ||
Property | 15.09 | Dollar General-Verbena, AL | 2018 | NAP | 9,196 | Sq. Ft. | 100 | ||
Property | 15.10 | Dollar General-Appleton, MN | 2016 | NAP | 9,328 | Sq. Ft. | 99 | ||
Property | 15.11 | Dollar General-New York Mills, MN | 2016 | NAP | 9,100 | Sq. Ft. | 100 | ||
Property | 15.12 | Dollar General-Barry, IL | 2016 | NAP | 9,122 | Sq. Ft. | 99 | ||
Property | 15.13 | Dollar General-Thomaston, AL | 2018 | NAP | 9,100 | Sq. Ft. | 99 | ||
Property | 15.14 | Dollar General-Coffeen, IL | 2018 | NAP | 9,100 | Sq. Ft. | 97 | ||
Property | 15.15 | Dollar General-Payson, IL | 2018 | NAP | 9,014 | Sq. Ft. | 97 | ||
Property | 15.16 | Dollar General-Garden City, AL | 2018 | NAP | 9,100 | Sq. Ft. | 96 | ||
Property | 15.17 | Dollar General-Red Lake Falls, MN | 2016 | NAP | 9,100 | Sq. Ft. | 96 | ||
Property | 15.18 | Dollar General-West Point, IA | 2018 | NAP | 9,100 | Sq. Ft. | 94 | ||
Property | 15.19 | Dollar General-Backus, MN | 2016 | NAP | 9,328 | Sq. Ft. | 92 | ||
Property | 15.20 | Dollar General-Erskine, MN | 2016 | NAP | 9,328 | Sq. Ft. | 91 | ||
Property | 15.21 | Dollar General-Athens, AL | 2018 | NAP | 9,100 | Sq. Ft. | 92 | ||
Property | 15.22 | Dollar General-Cullman, AL | 2018 | NAP | 9,100 | Sq. Ft. | 92 | ||
Property | 15.23 | Dollar General-Pellston, MI | 2018 | NAP | 9,100 | Sq. Ft. | 92 |
A-1-16
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Units | Loan per Net | |||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | ||||
Loan | ID | Property Name | Built | Renovated | (SF/Units/Rooms)(4) | Measure | (SF/Units/Rooms) $(4)(13) | (# of payments)(17)(18)(19) | |
Property | 15.24 | Dollar General-Clinton, AL | 2018 | NAP | 7,512 | Sq. Ft. | 110 | ||
Property | 15.25 | Dollar General-Sebeka, MN | 2018 | NAP | 7,489 | Sq. Ft. | 110 | ||
Property | 15.26 | Dollar General-Detroit, AL | 2018 | NAP | 7,489 | Sq. Ft. | 109 | ||
Property | 15.27 | Dollar General-Larchwood, IA | 2018 | NAP | 7,489 | Sq. Ft. | 109 | ||
Property | 15.28 | Dollar General-New Market, AL | 2018 | NAP | 9,100 | Sq. Ft. | 90 | ||
Property | 15.29 | Dollar General-Ramer, AL | 2016 | NAP | 9,332 | Sq. Ft. | 88 | ||
Property | 15.30 | Dollar General-Pansey, AL | 2018 | NAP | 7,500 | Sq. Ft. | 108 | ||
Property | 15.31 | Dollar General-Pennington, AL | 2016 | NAP | 9,123 | Sq. Ft. | 89 | ||
Property | 15.32 | Dollar General-Waterloo, AL | 2018 | NAP | 9,100 | Sq. Ft. | 89 | ||
Property | 15.33 | Dollar General-Arab, AL | 2016 | NAP | 9,203 | Sq. Ft. | 84 | ||
Loan | 16 | Tulsa Office Portfolio(2) | Various | Various | 1,026,650 | Sq. Ft. | 47 | L(25), D(91), O(4) | |
Property | 16.01 | Exchange Tower | 1981 | 2000 | 166,612 | Sq. Ft. | 71 | ||
Property | 16.02 | Towne Center | 1980 | NAP | 189,450 | Sq. Ft. | 48 | ||
Property | 16.03 | Two Memorial Place | 1982 | NAP | 135,346 | Sq. Ft. | 59 | ||
Property | 16.04 | Triad Center I | 1982 | NAP | 138,708 | Sq. Ft. | 29 | ||
Property | 16.05 | Corporate Place | 1973 | 2009-2012 | 118,817 | Sq. Ft. | 34 | ||
Property | 16.06 | The 51 Yale Building | 1984 | NAP | 72,197 | Sq. Ft. | 55 | ||
Property | 16.07 | Commerce Tower | 1981 | NAP | 96,359 | Sq. Ft. | 33 | ||
Property | 16.08 | Riverbridge Office | 1984 | NAP | 66,448 | Sq. Ft. | 37 | ||
Property | 16.09 | Three Memorial Place | 1982 | NAP | 42,713 | Sq. Ft. | 47 | ||
Loan | 17 | Sharon Park Apartments | 1971 | NAP | 636 | Units | 43,239 | L(25), D(91), O(4) | |
Loan | 18 | Spring Hollow Apartments(36) | 1985 | NAP | 506 | Units | 53,360 | L(26), D(90), O(4) | |
Loan | 19 | Atrium Two(2)(35) | 1984 | 2009-2018 | 655,863 | Sq. Ft. | 85 | L(28), D(88), O(4) | |
Loan | 20 | The Landing Apartments(36) | 2017 | NAP | 252 | Units | 95,238 | L(26), D(90), O(4) | |
Loan | 21 | Union Bay Apartments(36) | 1994 | 2017 | 74 | Units | 293,243 | L(26), D(89), O(5) | |
Loan | 22 | Baywood San Mateo(32) | 1930 | 2017-2018 | 25,506 | Sq. Ft. | 823 | L(25), D(91), O(4) | |
Loan | 23 | Liberty Station Retail(2) | 1923, 1932, 1942, 2007 | 2007, 2009 | 327,704 | Sq. Ft. | 357 | L(25), YM1(3), DorYM1(89), O(3) | |
Loan | 24 | 166 Geary Street | 1907 | 2017 | 34,343 | Sq. Ft. | 553 | L(37), YM1(79), O(4) | |
Loan | 25 | Vie Portfolio(2) | Various | NAP | 1,799 | Beds | 41,904 | L(25), YM1(92), O(3) | |
Property | 25.01 | University Downs | 2011 | NAP | 430 | Beds | 47,698 | ||
Property | 25.02 | Ella Lofts | 2016 | NAP | 252 | Beds | 59,683 | ||
Property | 25.03 | University View | 2009 | NAP | 165 | Beds | 86,970 | ||
Property | 25.04 | Colonie | 1973 | NAP | 184 | Beds | 51,658 | ||
Property | 25.05 | Hillcrest Oakwood | 1969, 2002 | NAP | 616 | Beds | 15,292 | ||
Property | 25.06 | Southgate | 1969 | NAP | 152 | Beds | 43,158 | ||
Loan | 26 | Roanoke Crossing Shopping Center | 2003 | NAP | 78,572 | Sq. Ft. | 211 | L(25), YM1(92), O(3) |
A-1-17
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Net | Units | Loan per Net | |||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | ||||
Loan | ID | Property Name | Built | Renovated | (SF/Units/Rooms)(4) | Measure | (SF/Units/Rooms) $(4)(13) | (# of payments)(17)(18)(19) | |
Loan | 27 | Texas Marriott & Hilton Portfolio | Various | Various | 195 | Rooms | 84,790 | L(25), D(92), O(3) | |
Property | 27.01 | Homewood Suites Brownsville | 2000 | 2016-2017 | 86 | Rooms | 96,128 | ||
Property | 27.02 | Residence Inn Laredo | 2005 | 2015 | 109 | Rooms | 75,844 | ||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 2005 | NAP | 123 | Rooms | 124,261 | L(25), YM1(92), O(3) | |
Loan | 29 | Hilton Garden Inn - Valley Forge | 2012 | NAP | 135 | Rooms | 113,216 | L(25), YM1(92), O(3) | |
Loan | 30 | AC Marriott Downtown Tucson(2) | 1916-1928, 2017 | 2017 | 136 | Rooms | 294,118 | L(27), D(89), O(4) | |
Loan | 31 | Atlantic Gardens | 1900-1915 | NAP | 24 | Units | 625,000 | L(25), D(91), O(4) | |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 2002 | 2017 | 128 | Rooms | 116,406 | L(24), YM1(91), O(5) | |
Loan | 33 | Compass Self Storage PA & FL Portfolio | Various | Various | 186,825 | Sq. Ft. | 77 | L(26), D(90), O(4) | |
Property | 33.01 | Compass Self Storage Spring Hill | 2004 | 2016 | 95,085 | Sq. Ft. | 80 | ||
Property | 33.02 | Route 8 Self Storage | 1999 | NAP | 91,740 | Sq. Ft. | 75 | ||
Loan | 34 | Meridian Tower | 1991 | 2005 | 142,970 | Sq. Ft. | 92 | L(27), D(89), O(4) | |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | Various | Various | 18 | Units | 688,889 | L(25), D(91), O(4) | |
Property | 35.01 | 69 Clinton Street | 1920 | 2017 | 16 | Units | 446,250 | ||
Property | 35.02 | 28 East 13th Street | 1899 | 2018 | 2 | Units | 2,630,000 | ||
Loan | 36 | 8401 Melrose | 1940 | 1988 | 5,850 | Sq. Ft. | 2,050 | L(25), D(90), O(5) | |
Loan | 37 | Huntsville Self Storage Portfolio | Various | Various | 378,035 | Sq. Ft. | 31 | L(25), D(91), O(4) | |
Property | 37.01 | Hampton Cove | 2001 | 2018 | 233,730 | Sq. Ft. | 25 | ||
Property | 37.02 | Safe & Secure | 2005 | NAP | 85,255 | Sq. Ft. | 44 | ||
Property | 37.03 | Mt. Carmel & Bell Factory | 2003 | 2006 | 59,050 | Sq. Ft. | 34 | ||
Loan | 38 | Rosemont Commons Fee | 1992 | NAP | 483,688 | Sq. Ft. | 23 | L(25), DorYM1(91), O(4) | |
Loan | 39 | Walgreens - MA & NH | 2007 | NAP | 27,123 | Sq. Ft. | 394 | L(25), YM1(91), O(4) | |
Property | 39.01 | Walgreens - MA | 2007 | NAP | 14,820 | Sq. Ft. | 370 | ||
Property | 39.02 | Walgreens - NH | 2007 | NAP | 12,303 | Sq. Ft. | 424 | ||
Loan | 40 | 116 University Place | 2018 | NAP | 2,626 | Sq. Ft. | 3,637 | L(25), YM1(92), O(3) | |
Loan | 41 | Massman Ina Portfolio | Various | Various | 179,517 | Sq. Ft. | 48 | L(26), D(89), O(5) | |
Property | 41.01 | Massman Drive | 1968-1990 | 2009 | 170,600 | Sq. Ft. | 39 | ||
Property | 41.02 | West Ina Road | 1999 | NAP | 8,917 | Sq. Ft. | 226 | ||
Loan | 42 | Colony Retail | 2016 | NAP | 89,826 | Sq. Ft. | 90 | L(25), YM1(91), O(4) | |
Loan | 43 | 161 Court Street | 1910 | 2018 | 7,700 | Sq. Ft. | 961 | L(25), D(91), O(4) | |
Loan | 44 | First Colony Self Storage | 2003 | NAP | 61,338 | Sq. Ft. | 87 | L(26), D(90), O(4) | |
Loan | 45 | I-10 & Haden Shopping Center | 2013 | NAP | 15,605 | Sq. Ft. | 256 | L(25), YM1(91), O(4) | |
Loan | 46 | South Port Apartments | 1967 | NAP | 113 | Units | 32,662 | L(26), D(90), O(4) |
A-1-18
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Second Most | Second | Second | Second | Third Most | |||||||
Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | |||
Loan | ID | Property Name | Statements Date | EGI ($) | Expenses($) | NOI($)(14) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date |
Loan | 1 | 3 Columbus Circle(2)(33) | 12/31/2018 | 57,324,235 | 17,233,200 | 40,091,035 | 12/31/2017 | 50,952,874 | 16,254,125 | 34,698,749 | 12/31/2016 |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 09/30/2018 | 32,390,743 | 16,631,958 | 15,758,785 | 12/31/2017 | 34,088,864 | 16,566,079 | 17,522,785 | 12/31/2016 |
Loan | 3 | Saint Louis Galleria(2)(34) | 08/31/2018 | 37,310,336 | 10,000,986 | 27,309,350 | 12/31/2017 | 37,193,781 | 10,197,175 | 26,996,606 | 12/31/2016 |
Loan | 4 | ARC Apartments(2)(33) | 12/31/2018 | 10,707,119 | 3,235,350 | 7,471,768 | |||||
Loan | 5 | 9800 Wilshire(32) | |||||||||
Loan | 6 | 5202 Ben White | 12/31/2018 | 1,550,538 | 408,328 | 1,142,210 | |||||
Loan | 7 | 101 California(2)(33)(35) | 12/31/2018 | 85,549,925 | 28,987,593 | 56,562,332 | 12/31/2017 | 79,428,927 | 28,767,057 | 50,661,870 | 12/31/2016 |
Loan | 8 | Soho Beach House(2)(34)(36) | 01/31/2019 | 46,662,860 | 31,363,350 | 15,299,510 | 12/31/2018 | 45,890,188 | 31,128,533 | 14,761,655 | 12/31/2017 |
Loan | 9 | Pace Gallery HQ(2) | |||||||||
Loan | 10 | AT580 Multi | 11/30/2018 | 3,712,698 | 1,411,016 | 2,301,682 | 12/31/2017 | 2,147,494 | 1,103,290 | 1,044,204 | |
Loan | 11 | Tailor Lofts | 12/31/2018 | 5,900,148 | 2,489,702 | 3,410,447 | 12/31/2017 | 5,561,516 | 2,278,140 | 3,283,376 | 12/31/2016 |
Loan | 12 | Embassy Suites Scottsdale(34) | 11/30/2018 | 18,380,183 | 13,996,516 | 4,383,667 | 12/31/2017 | 17,173,188 | 13,027,703 | 4,145,485 | |
Loan | 13 | Flight(34) | |||||||||
Loan | 14 | The Crossing at Katy Ranch | 12/31/2018 | 5,386,288 | 2,652,070 | 2,734,218 | |||||
Loan | 15 | Dollar General Portfolio(34) | |||||||||
Property | 15.01 | Dollar General-Afton, NY | |||||||||
Property | 15.02 | Dollar General-Rogers City, MI | |||||||||
Property | 15.03 | Dollar General-Oakman, AL | |||||||||
Property | 15.04 | Dollar General-Attalla, AL | |||||||||
Property | 15.05 | Dollar General-Greenbush, MN | |||||||||
Property | 15.06 | Dollar General-Opelika, AL | |||||||||
Property | 15.07 | Dollar General-Ishpeming, MI | |||||||||
Property | 15.08 | Dollar General-Lisman, AL | |||||||||
Property | 15.09 | Dollar General-Verbena, AL | |||||||||
Property | 15.10 | Dollar General-Appleton, MN | |||||||||
Property | 15.11 | Dollar General-New York Mills, MN | |||||||||
Property | 15.12 | Dollar General-Barry, IL | |||||||||
Property | 15.13 | Dollar General-Thomaston, AL | |||||||||
Property | 15.14 | Dollar General-Coffeen, IL | |||||||||
Property | 15.15 | Dollar General-Payson, IL | |||||||||
Property | 15.16 | Dollar General-Garden City, AL | |||||||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | |||||||||
Property | 15.18 | Dollar General-West Point, IA | |||||||||
Property | 15.19 | Dollar General-Backus, MN | |||||||||
Property | 15.20 | Dollar General-Erskine, MN | |||||||||
Property | 15.21 | Dollar General-Athens, AL | |||||||||
Property | 15.22 | Dollar General-Cullman, AL | |||||||||
Property | 15.23 | Dollar General-Pellston, MI |
A-1-19
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Second Most | Second | Second | Second | Third Most | |||||||
Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | |||
Loan | ID | Property Name | Statements Date | EGI ($) | Expenses($) | NOI($)(14) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date |
Property | 15.24 | Dollar General-Clinton, AL | |||||||||
Property | 15.25 | Dollar General-Sebeka, MN | |||||||||
Property | 15.26 | Dollar General-Detroit, AL | |||||||||
Property | 15.27 | Dollar General-Larchwood, IA | |||||||||
Property | 15.28 | Dollar General-New Market, AL | |||||||||
Property | 15.29 | Dollar General-Ramer, AL | |||||||||
Property | 15.30 | Dollar General-Pansey, AL | |||||||||
Property | 15.31 | Dollar General-Pennington, AL | |||||||||
Property | 15.32 | Dollar General-Waterloo, AL | |||||||||
Property | 15.33 | Dollar General-Arab, AL | |||||||||
Loan | 16 | Tulsa Office Portfolio(2) | 12/31/2018 | 11,312,549 | 6,012,315 | 5,300,234 | 12/31/2017 | 10,452,885 | 5,486,205 | 4,966,680 | 12/31/2016 |
Property | 16.01 | Exchange Tower | 12/31/2018 | 2,393,416 | 936,961 | 1,456,455 | 12/31/2017 | 2,506,920 | 881,766 | 1,625,154 | 12/31/2016 |
Property | 16.02 | Towne Center | 12/31/2018 | 2,048,143 | 932,734 | 1,115,409 | 12/31/2017 | 1,633,705 | 822,707 | 810,998 | 12/31/2016 |
Property | 16.03 | Two Memorial Place | 12/31/2018 | 1,411,403 | 858,166 | 553,237 | 12/31/2017 | 1,036,488 | 823,873 | 212,615 | 12/31/2016 |
Property | 16.04 | Triad Center I | 12/31/2018 | 1,194,633 | 865,734 | 328,899 | 12/31/2017 | 1,149,436 | 767,818 | 381,619 | 12/31/2016 |
Property | 16.05 | Corporate Place | 12/31/2018 | 1,305,353 | 708,640 | 596,712 | 12/31/2017 | 1,330,196 | 622,305 | 707,891 | 12/31/2016 |
Property | 16.06 | The 51 Yale Building | 12/31/2018 | 854,326 | 423,807 | 430,519 | 12/31/2017 | 701,114 | 344,654 | 356,460 | 12/31/2016 |
Property | 16.07 | Commerce Tower | 12/31/2018 | 975,310 | 581,863 | 393,448 | 12/31/2017 | 1,026,071 | 581,335 | 444,736 | 12/31/2016 |
Property | 16.08 | Riverbridge Office | 12/31/2018 | 581,708 | 431,784 | 149,924 | 12/31/2017 | 511,533 | 384,278 | 127,255 | 12/31/2016 |
Property | 16.09 | Three Memorial Place | 12/31/2018 | 548,257 | 272,624 | 275,632 | 12/31/2017 | 557,422 | 257,470 | 299,952 | 12/31/2016 |
Loan | 17 | Sharon Park Apartments | 12/31/2018 | 5,604,971 | 2,784,682 | 2,820,289 | 12/31/2017 | 5,489,175 | 3,027,757 | 2,461,418 | 12/31/2016 |
Loan | 18 | Spring Hollow Apartments(36) | 11/30/2018 | 4,805,726 | 2,419,969 | 2,385,757 | 12/31/2017 | 4,779,451 | 2,346,631 | 2,432,821 | 12/31/2016 |
Loan | 19 | Atrium Two(2)(35) | T-9 9/30/2018 Ann. | 11,943,668 | 7,197,972 | 4,745,695 | 12/31/2017 | 12,168,329 | 6,499,840 | 5,668,489 | 12/31/2016 |
Loan | 20 | The Landing Apartments(36) | 11/30/2018 | 2,580,276 | 1,095,437 | 1,484,838 | |||||
Loan | 21 | Union Bay Apartments(36) | 01/31/2019 | 1,836,947 | 607,075 | 1,229,872 | 12/31/2017 | 1,114,442 | 555,162 | 559,280 | |
Loan | 22 | Baywood San Mateo(32) | |||||||||
Loan | 23 | Liberty Station Retail(2) | 08/31/2018 | 12,739,202 | 3,686,770 | 9,052,432 | 12/31/2017 | 11,752,629 | 4,101,991 | 7,650,638 | 12/31/2016 |
Loan | 24 | 166 Geary Street | 12/31/2018 | 1,546,322 | 750,669 | 795,653 | 12/31/2017 | 1,448,252 | 818,789 | 629,463 | 12/31/2016 |
Loan | 25 | Vie Portfolio(2) | 11/30/2018 | 13,586,159 | 7,115,991 | 6,470,169 | 12/31/2017 | 13,378,333 | 6,992,088 | 6,386,245 | |
Property | 25.01 | University Downs | 11/30/2018 | 3,049,129 | 1,607,767 | 1,441,362 | 12/31/2017 | 2,876,657 | 1,512,019 | 1,364,638 | 12/31/2016 |
Property | 25.02 | Ella Lofts | 11/30/2018 | 2,337,613 | 1,303,198 | 1,034,415 | 12/31/2017 | 2,197,392 | 1,370,080 | 827,312 | |
Property | 25.03 | University View | 11/30/2018 | 2,080,571 | 884,453 | 1,196,119 | 12/31/2017 | 2,099,249 | 899,281 | 1,199,969 | 12/31/2016 |
Property | 25.04 | Colonie | 11/30/2018 | 2,031,485 | 1,139,488 | 891,997 | 12/31/2017 | 1,894,396 | 1,035,972 | 858,424 | 12/31/2016 |
Property | 25.05 | Hillcrest Oakwood | 11/30/2018 | 2,309,819 | 1,355,036 | 954,783 | 12/31/2017 | 2,538,342 | 1,340,980 | 1,197,363 | 12/31/2016 |
Property | 25.06 | Southgate | 11/30/2018 | 1,777,542 | 826,049 | 951,493 | 12/31/2017 | 1,772,297 | 833,758 | 938,540 | 12/31/2016 |
Loan | 26 | Roanoke Crossing Shopping Center | 12/31/2018 | 2,017,732 | 455,887 | 1,561,845 | 12/31/2017 | 2,030,452 | 426,383 | 1,604,069 | 12/31/2016 |
A-1-20
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Second Most | Second | Second | Second | Third Most | |||||||
Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | |||
Loan | ID | Property Name | Statements Date | EGI ($) | Expenses($) | NOI($)(14) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date |
Loan | 27 | Texas Marriott & Hilton Portfolio | 12/31/2018 | 5,552,087 | 3,226,357 | 2,325,730 | 12/31/2017 | 5,412,428 | 3,357,479 | 2,054,949 | 12/31/2016 |
Property | 27.01 | Homewood Suites Brownsville | 12/31/2018 | 2,640,382 | 1,457,221 | 1,183,161 | 12/31/2017 | 2,592,345 | 1,587,066 | 1,005,279 | 12/31/2016 |
Property | 27.02 | Residence Inn Laredo | 12/31/2018 | 2,911,705 | 1,769,136 | 1,142,569 | 12/31/2017 | 2,820,083 | 1,770,413 | 1,049,670 | 12/31/2016 |
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 12/31/2018 | 5,356,423 | 3,581,086 | 1,775,337 | 12/31/2017 | 5,121,525 | 3,487,837 | 1,633,688 | 12/31/2016 |
Loan | 29 | Hilton Garden Inn - Valley Forge | 12/31/2018 | 6,112,505 | 4,476,217 | 1,636,288 | 12/31/2017 | 5,701,810 | 4,451,468 | 1,250,342 | 12/31/2016 |
Loan | 30 | AC Marriott Downtown Tucson(2) | 01/31/2019 | 9,896,897 | 3,841,585 | 6,055,312 | |||||
Loan | 31 | Atlantic Gardens | 11/30/2018 | 1,452,892 | 316,905 | 1,135,987 | 12/31/2017 | 1,391,347 | 347,609 | 1,043,738 | 12/31/2016 |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 10/31/2018 | 5,203,099 | 3,128,913 | 2,074,186 | 12/31/2017 | 4,833,584 | 2,957,713 | 1,875,871 | 12/31/2016 |
Loan | 33 | Compass Self Storage PA & FL Portfolio | 12/31/2018 | 2,070,458 | 643,274 | 1,427,184 | 12/31/2017 | 1,960,317 | 602,165 | 1,358,152 | 12/31/2016 |
Property | 33.01 | Compass Self Storage Spring Hill | 12/31/2018 | 1,104,933 | 374,376 | 730,557 | 12/31/2017 | 983,690 | 348,249 | 635,441 | 12/31/2016 |
Property | 33.02 | Route 8 Self Storage | 12/31/2018 | 965,525 | 268,898 | 696,627 | 12/31/2017 | 976,627 | 253,917 | 722,710 | 12/31/2016 |
Loan | 34 | Meridian Tower | 11/30/2018 | 2,253,301 | 1,529,286 | 724,015 | 12/31/2017 | 2,516,216 | 1,344,467 | 1,171,749 | 12/31/2016 |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | |||||||||
Property | 35.01 | 69 Clinton Street | 12/31/2018 | 587,482 | 150,847 | 436,635 | 12/31/2017 | 492,780 | 150,552 | 342,228 | |
Property | 35.02 | 28 East 13th Street | |||||||||
Loan | 36 | 8401 Melrose | 12/31/2018 | 1,608,014 | 109,135 | 1,498,880 | 12/31/2017 | 1,527,706 | 106,884 | 1,420,822 | 12/31/2016 |
Loan | 37 | Huntsville Self Storage Portfolio | 12/31/2018 | 1,491,423 | 446,455 | 1,044,968 | 12/31/2017 | 1,485,856 | 417,325 | 1,068,530 | 12/31/2016 |
Property | 37.01 | Hampton Cove | 12/31/2018 | 747,992 | 213,145 | 534,847 | 12/31/2017 | 745,360 | 196,605 | 548,755 | 12/31/2016 |
Property | 37.02 | Safe & Secure | 12/31/2018 | 457,102 | 160,210 | 296,892 | 12/31/2017 | 458,156 | 150,810 | 307,346 | 12/31/2016 |
Property | 37.03 | Mt. Carmel & Bell Factory | 12/31/2018 | 286,329 | 73,100 | 213,229 | 12/31/2017 | 282,340 | 69,910 | 212,430 | 12/31/2016 |
Loan | 38 | Rosemont Commons Fee | |||||||||
Loan | 39 | Walgreens - MA & NH | |||||||||
Property | 39.01 | Walgreens - MA | |||||||||
Property | 39.02 | Walgreens - NH | |||||||||
Loan | 40 | 116 University Place | |||||||||
Loan | 41 | Massman Ina Portfolio | 12/31/2018 | 1,208,927 | 188,422 | 1,020,504 | 12/31/2017 | 1,207,600 | 268,580 | 939,020 | |
Property | 41.01 | Massman Drive | |||||||||
Property | 41.02 | West Ina Road | |||||||||
Loan | 42 | Colony Retail | |||||||||
Loan | 43 | 161 Court Street | |||||||||
Loan | 44 | First Colony Self Storage | 11/30/2018 | 1,363,955 | 381,477 | 982,478 | 12/31/2017 | 1,341,819 | 376,707 | 965,112 | 12/31/2016 |
Loan | 45 | I-10 & Haden Shopping Center | 12/31/2018 | 513,145 | 120,146 | 393,000 | 12/31/2017 | 446,817 | 99,486 | 347,331 | 12/31/2016 |
Loan | 46 | South Port Apartments | 11/30/2018 | 784,979 | 394,917 | 390,062 | 12/31/2017 | 777,499 | 431,535 | 345,964 | 12/31/2016 |
A-1-21
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Third | Third | Third | ||||||||||
Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | |||
Loan | ID | Property Name | EGI($) | Expenses($) | NOI($) | Debt Yield(10)(13) | Debt Yield(10)(13) | Revenue($) | EGI($) | Expenses($) | NOI ($)(14) | Reserves($) |
Loan | 1 | 3 Columbus Circle(2)(33) | 50,161,202 | 14,968,652 | 35,192,550 | 12.3% | 11.5% | 81,003,011 | 79,416,007 | 18,918,555 | 60,497,452 | 150,743 |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 33,730,904 | 15,156,539 | 18,574,365 | 10.0% | 8.8% | 41,242,129 | 34,812,941 | 16,549,901 | 18,263,040 | 222,521 |
Loan | 3 | Saint Louis Galleria(2)(34) | 37,373,498 | 10,525,998 | 26,847,500 | 11.3% | 11.0% | 38,782,454 | 37,642,385 | 10,481,622 | 27,160,764 | 116,424 |
Loan | 4 | ARC Apartments(2)(33) | 14.7% | 14.6% | 17,962,305 | 17,317,388 | 3,379,417 | 13,937,971 | 107,773 | |||
Loan | 5 | 9800 Wilshire(32) | 7.9% | 7.9% | 5,934,678 | 5,542,368 | 1,182,667 | 4,359,701 | 4,557 | |||
Loan | 6 | 5202 Ben White | 9.8% | 9.7% | 7,519,779 | 7,143,790 | 2,917,088 | 4,226,703 | 61,158 | |||
Loan | 7 | 101 California(2)(33)(35) | 68,835,502 | 27,535,387 | 41,300,115 | 12.8% | 12.6% | 106,148,164 | 98,039,071 | 30,562,252 | 67,476,820 | 187,722 |
Loan | 8 | Soho Beach House(2)(34)(36) | 39,786,166 | 28,616,452 | 11,169,714 | 28.0% | 25.7% | 46,662,860 | 46,662,860 | 31,272,205 | 15,390,655 | 1,252,503 |
Loan | 9 | Pace Gallery HQ(2) | 9.0% | 8.5% | 10,910,718 | 10,365,183 | 2,258,718 | 8,106,464 | 14,913 | |||
Loan | 10 | AT580 Multi | 9.5% | 9.3% | 5,033,228 | 4,813,161 | 1,170,767 | 3,642,393 | 45,000 | |||
Loan | 11 | Tailor Lofts | 5,196,734 | 2,376,037 | 2,820,697 | 9.2% | 9.0% | 6,215,373 | 5,917,478 | 2,422,854 | 3,494,624 | 66,150 |
Loan | 12 | Embassy Suites Scottsdale(34) | 11.9% | 9.8% | 18,380,183 | 18,380,183 | 14,150,559 | 4,229,624 | 735,207 | |||
Loan | 13 | Flight(34) | 12.1% | 11.6% | 6,191,121 | 5,956,888 | 1,953,133 | 4,003,756 | 27,409 | |||
Loan | 14 | The Crossing at Katy Ranch | 9.1% | 8.9% | 6,184,558 | 5,483,062 | 2,663,278 | 2,819,784 | 63,600 | |||
Loan | 15 | Dollar General Portfolio(34) | 9.1% | 9.0% | 3,060,517 | 2,907,491 | 246,064 | 2,661,428 | 44,217 | |||
Property | 15.01 | Dollar General-Afton, NY | ||||||||||
Property | 15.02 | Dollar General-Rogers City, MI | ||||||||||
Property | 15.03 | Dollar General-Oakman, AL | ||||||||||
Property | 15.04 | Dollar General-Attalla, AL | ||||||||||
Property | 15.05 | Dollar General-Greenbush, MN | ||||||||||
Property | 15.06 | Dollar General-Opelika, AL | ||||||||||
Property | 15.07 | Dollar General-Ishpeming, MI | ||||||||||
Property | 15.08 | Dollar General-Lisman, AL | ||||||||||
Property | 15.09 | Dollar General-Verbena, AL | ||||||||||
Property | 15.10 | Dollar General-Appleton, MN | ||||||||||
Property | 15.11 | Dollar General-New York Mills, MN | ||||||||||
Property | 15.12 | Dollar General-Barry, IL | ||||||||||
Property | 15.13 | Dollar General-Thomaston, AL | ||||||||||
Property | 15.14 | Dollar General-Coffeen, IL | ||||||||||
Property | 15.15 | Dollar General-Payson, IL | ||||||||||
Property | 15.16 | Dollar General-Garden City, AL | ||||||||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | ||||||||||
Property | 15.18 | Dollar General-West Point, IA | ||||||||||
Property | 15.19 | Dollar General-Backus, MN | ||||||||||
Property | 15.20 | Dollar General-Erskine, MN | ||||||||||
Property | 15.21 | Dollar General-Athens, AL | ||||||||||
Property | 15.22 | Dollar General-Cullman, AL | ||||||||||
Property | 15.23 | Dollar General-Pellston, MI |
A-1-22
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Third | Third | Third | ||||||||||
Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | |||
Loan | ID | Property Name | EGI($) | Expenses($) | NOI($) | Debt Yield(10)(13) | Debt Yield(10)(13) | Revenue($) | EGI($) | Expenses($) | NOI ($)(14) | Reserves($) |
Property | 15.24 | Dollar General-Clinton, AL | ||||||||||
Property | 15.25 | Dollar General-Sebeka, MN | ||||||||||
Property | 15.26 | Dollar General-Detroit, AL | ||||||||||
Property | 15.27 | Dollar General-Larchwood, IA | ||||||||||
Property | 15.28 | Dollar General-New Market, AL | ||||||||||
Property | 15.29 | Dollar General-Ramer, AL | ||||||||||
Property | 15.30 | Dollar General-Pansey, AL | ||||||||||
Property | 15.31 | Dollar General-Pennington, AL | ||||||||||
Property | 15.32 | Dollar General-Waterloo, AL | ||||||||||
Property | 15.33 | Dollar General-Arab, AL | ||||||||||
Loan | 16 | Tulsa Office Portfolio(2) | 10,991,953 | 5,212,572 | 5,779,381 | 13.0% | 10.7% | 15,963,332 | 12,461,215 | 6,126,333 | 6,334,882 | 228,247 |
Property | 16.01 | Exchange Tower | 2,352,857 | 821,302 | 1,531,555 | 2,653,623 | 2,548,593 | 1,021,410 | 1,527,183 | 22,508 | ||
Property | 16.02 | Towne Center | 1,770,290 | 840,411 | 929,879 | 2,688,389 | 2,151,138 | 1,006,660 | 1,144,477 | 33,035 | ||
Property | 16.03 | Two Memorial Place | 1,091,583 | 682,684 | 408,899 | 2,511,982 | 2,152,254 | 853,133 | 1,299,122 | 16,626 | ||
Property | 16.04 | Triad Center I | 1,473,370 | 761,277 | 712,093 | 2,241,498 | 1,165,754 | 760,972 | 404,783 | 41,782 | ||
Property | 16.05 | Corporate Place | 1,184,426 | 591,580 | 592,846 | 1,577,237 | 1,178,393 | 748,320 | 430,073 | 21,995 | ||
Property | 16.06 | The 51 Yale Building | 761,223 | 342,534 | 418,689 | 1,284,440 | 1,197,724 | 413,719 | 784,005 | 17,333 | ||
Property | 16.07 | Commerce Tower | 1,040,905 | 556,832 | 484,073 | 1,324,315 | 1,037,602 | 619,174 | 418,428 | 18,908 | ||
Property | 16.08 | Riverbridge Office | 713,607 | 374,887 | 338,720 | 947,109 | 474,539 | 420,825 | 53,713 | 30,096 | ||
Property | 16.09 | Three Memorial Place | 603,692 | 241,066 | 362,626 | 734,739 | 555,219 | 282,121 | 273,098 | 25,964 | ||
Loan | 17 | Sharon Park Apartments | 5,167,876 | 2,892,408 | 2,275,468 | 9.8% | 9.0% | 6,058,064 | 5,604,971 | 2,918,823 | 2,686,149 | 199,704 |
Loan | 18 | Spring Hollow Apartments(36) | 4,691,459 | 2,304,465 | 2,386,994 | 8.8% | 8.3% | 5,690,720 | 4,805,726 | 2,436,794 | 2,368,932 | 126,500 |
Loan | 19 | Atrium Two(2)(35) | 12,894,620 | 6,736,249 | 6,158,371 | 11.4% | 9.8% | 14,680,241 | 13,696,665 | 7,346,080 | 6,350,584 | 131,523 |
Loan | 20 | The Landing Apartments(36) | 8.1% | 7.9% | 3,310,481 | 3,120,793 | 1,185,808 | 1,934,986 | 39,564 | |||
Loan | 21 | Union Bay Apartments(36) | 7.2% | 7.1% | 2,267,607 | 2,169,908 | 616,189 | 1,553,719 | 18,500 | |||
Loan | 22 | Baywood San Mateo(32) | 8.1% | 7.8% | 2,395,374 | 2,275,605 | 580,431 | 1,695,174 | 5,101 | |||
Loan | 23 | Liberty Station Retail(2) | 10,987,815 | 3,287,760 | 7,700,055 | 8.0% | 7.7% | 14,729,621 | 13,968,591 | 4,609,164 | 9,359,427 | 49,156 |
Loan | 24 | 166 Geary Street | 1,575,428 | 981,434 | 593,994 | 8.2% | 7.9% | 2,475,073 | 2,298,813 | 748,993 | 1,549,819 | 6,869 |
Loan | 25 | Vie Portfolio(2) | 9.9% | 9.9% | 16,313,642 | 14,645,085 | 7,184,664 | 7,460,421 | ||||
Property | 25.01 | University Downs | 2,693,850 | 1,547,351 | 1,146,499 | 3,790,998 | 3,272,908 | 1,644,794 | 1,628,114 | |||
Property | 25.02 | Ella Lofts | 2,736,061 | 2,618,742 | 1,297,787 | 1,320,955 | ||||||
Property | 25.03 | University View | 1,843,263 | 731,969 | 1,111,294 | 2,273,260 | 2,073,686 | 944,946 | 1,128,740 | |||
Property | 25.04 | Colonie | 1,802,935 | 1,043,676 | 759,258 | 2,286,737 | 2,178,431 | 1,141,712 | 1,036,719 | |||
Property | 25.05 | Hillcrest Oakwood | 2,641,755 | 1,399,344 | 1,242,411 | 3,372,905 | 2,806,637 | 1,354,872 | 1,451,765 | |||
Property | 25.06 | Southgate | 1,677,611 | 870,073 | 807,538 | 1,853,681 | 1,694,681 | 800,553 | 894,128 | |||
Loan | 26 | Roanoke Crossing Shopping Center | 1,820,076 | 377,945 | 1,442,131 | 10.0% | 9.5% | 2,319,970 | 2,130,066 | 468,504 | 1,661,561 | 11,786 |
A-1-23
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Third | Third | Third | ||||||||||
Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | |||
Loan | ID | Property Name | EGI($) | Expenses($) | NOI($) | Debt Yield(10)(13) | Debt Yield(10)(13) | Revenue($) | EGI($) | Expenses($) | NOI ($)(14) | Reserves($) |
Loan | 27 | Texas Marriott & Hilton Portfolio | 4,949,618 | 3,214,559 | 1,735,059 | 13.4% | 12.1% | 5,552,087 | 5,552,087 | 3,335,941 | 2,216,145 | 222,083 |
Property | 27.01 | Homewood Suites Brownsville | 2,280,606 | 1,511,853 | 768,753 | 2,640,382 | 2,640,382 | 1,535,624 | 1,104,757 | 105,615 | ||
Property | 27.02 | Residence Inn Laredo | 2,669,012 | 1,702,706 | 966,306 | 2,911,705 | 2,911,705 | 1,800,317 | 1,111,388 | 116,468 | ||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 5,362,201 | 3,686,865 | 1,675,336 | 12.0% | 12.0% | 5,484,560 | 5,484,560 | 3,653,998 | 1,830,562 | |
Loan | 29 | Hilton Garden Inn - Valley Forge | 5,880,265 | 4,473,922 | 1,406,343 | 11.0% | 11.0% | 6,112,505 | 6,112,505 | 4,430,475 | 1,682,030 | |
Loan | 30 | AC Marriott Downtown Tucson(2) | 12.5% | 11.5% | 8,888,063 | 8,888,063 | 3,903,484 | 4,984,579 | 312,490 | |||
Loan | 31 | Atlantic Gardens | 1,047,595 | 321,294 | 726,301 | 8.2% | 8.0% | 1,693,541 | 1,604,443 | 380,643 | 1,223,801 | 8,127 |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 5,278,027 | 3,032,176 | 2,245,851 | 13.8% | 12.4% | 5,203,099 | 5,203,099 | 3,153,525 | 2,049,574 | 208,124 |
Loan | 33 | Compass Self Storage PA & FL Portfolio | 1,823,374 | 587,163 | 1,236,211 | 9.5% | 9.4% | 2,478,084 | 2,070,458 | 692,783 | 1,377,675 | 20,584 |
Property | 33.01 | Compass Self Storage Spring Hill | 901,479 | 332,032 | 569,447 | 1,409,621 | 1,104,933 | 375,813 | 729,120 | 11,410 | ||
Property | 33.02 | Route 8 Self Storage | 921,895 | 255,132 | 666,764 | 1,068,464 | 965,525 | 316,970 | 648,555 | 9,174 | ||
Loan | 34 | Meridian Tower | 2,590,385 | 1,281,397 | 1,308,988 | 11.7% | 10.2% | 3,068,975 | 2,809,944 | 1,262,080 | 1,547,864 | 12,094 |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 7.0% | 7.0% | 1,222,785 | 1,166,113 | 292,086 | 874,027 | 4,924 | |||
Property | 35.01 | 69 Clinton Street | 718,785 | 676,513 | 174,339 | 502,174 | 4,189 | |||||
Property | 35.02 | 28 East 13th Street | 504,000 | 489,600 | 117,747 | 371,853 | 735 | |||||
Loan | 36 | 8401 Melrose | 1,529,507 | 112,125 | 1,417,382 | 13.6% | 13.6% | 2,024,811 | 1,930,583 | 304,233 | 1,626,350 | 761 |
Loan | 37 | Huntsville Self Storage Portfolio | 1,490,786 | 411,031 | 1,079,755 | 9.0% | 8.6% | 2,048,390 | 1,491,423 | 485,332 | 1,006,091 | 37,804 |
Property | 37.01 | Hampton Cove | 755,181 | 192,857 | 562,324 | 1,130,682 | 747,992 | 252,185 | 495,807 | 23,373 | ||
Property | 37.02 | Safe & Secure | 457,153 | 150,883 | 306,270 | 545,416 | 457,102 | 144,366 | 312,736 | 8,526 | ||
Property | 37.03 | Mt. Carmel & Bell Factory | 278,452 | 67,291 | 211,161 | 372,291 | 286,329 | 88,781 | 197,548 | 5,905 | ||
Loan | 38 | Rosemont Commons Fee | 8.7% | 8.7% | 976,000 | 976,000 | 19,520 | 956,480 | ||||
Loan | 39 | Walgreens - MA & NH | 8.7% | 8.7% | 984,091 | 954,569 | 19,091 | 935,477 | ||||
Property | 39.01 | Walgreens - MA | ||||||||||
Property | 39.02 | Walgreens - NH | ||||||||||
Loan | 40 | 116 University Place | 8.2% | 8.1% | 949,091 | 920,618 | 141,593 | 779,025 | 394 | |||
Loan | 41 | Massman Ina Portfolio | 10.7% | 9.8% | 1,197,350 | 1,137,483 | 205,558 | 931,925 | 38,323 | |||
Property | 41.01 | Massman Drive | ||||||||||
Property | 41.02 | West Ina Road | ||||||||||
Loan | 42 | Colony Retail | 12.1% | 11.6% | 1,686,656 | 1,602,323 | 620,438 | 981,886 | -31,526 | |||
Loan | 43 | 161 Court Street | 7.3% | 7.3% | 656,200 | 628,274 | 84,389 | 543,885 | 1,390 | |||
Loan | 44 | First Colony Self Storage | 1,319,867 | 394,605 | 925,262 | 18.3% | 18.2% | 1,482,028 | 1,363,955 | 383,434 | 980,521 | 9,201 |
Loan | 45 | I-10 & Haden Shopping Center | 474,689 | 134,945 | 339,744 | 10.0% | 9.6% | 582,588 | 553,459 | 153,126 | 400,333 | -2,751 |
Loan | 46 | South Port Apartments | 765,862 | 384,185 | 381,677 | 10.6% | 9.7% | 875,217 | 784,979 | 392,393 | 392,586 | 33,900 |
A-1-24
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | |||||
Loan | ID | Property Name | TI/LC($) | NCF ($) | Interest | Expiration(20) | Extension Terms(20) | Largest Tenant(21)(24)(25) | SF | Expiration(23) |
Loan | 1 | 3 Columbus Circle(2)(33) | 3,752,630 | 56,594,080 | Fee Simple | Young & Rubicam, Inc. | 375,236 | 08/31/2033 | ||
Loan | 2 | 3 Park Avenue(2)(35)(36) | 1,950,188 | 16,090,332 | Fee Simple | Houghton Mifflin Harcourt | 101,821 | 12/31/2027 | ||
Loan | 3 | Saint Louis Galleria(2)(34) | 560,043 | 26,484,297 | Fee Simple | Galleria 6 Cinemas | 19,624 | 08/31/2023 | ||
Loan | 4 | ARC Apartments(2)(33) | 13,830,198 | Fee Simple | NAP | NAP | NAP | |||
Loan | 5 | 9800 Wilshire(32) | 4,355,143 | Fee Simple | Spring Place | 42,820 | 06/30/2028 | |||
Loan | 6 | 5202 Ben White | 4,165,545 | Fee Simple | City of Austin | 196,768 | 03/31/2026 | |||
Loan | 7 | 101 California(2)(33)(35) | 1,047,309 | 66,241,788 | Fee Simple | Merrill Lynch | 121,986 | 10/31/2022 | ||
Loan | 8 | Soho Beach House(2)(34)(36) | 14,138,153 | Fee Simple | NAP | NAP | NAP | |||
Loan | 9 | Pace Gallery HQ(2) | 455,343 | 7,636,208 | Fee Simple | The Pace Gallery LLC | 74,563 | 12/14/2038 | ||
Loan | 10 | AT580 Multi | 3,597,393 | Fee Simple | NAP | NAP | NAP | |||
Loan | 11 | Tailor Lofts | 3,428,474 | Fee Simple | NAP | NAP | NAP | |||
Loan | 12 | Embassy Suites Scottsdale(34) | 3,494,417 | Fee Simple | NAP | NAP | NAP | |||
Loan | 13 | Flight(34) | 137,047 | 3,839,299 | Fee Simple | BOA Technology Inc. | 87,787 | 06/30/2025 | ||
Loan | 14 | The Crossing at Katy Ranch | 2,756,184 | Fee Simple | NAP | NAP | NAP | |||
Loan | 15 | Dollar General Portfolio(34) | 2,617,211 | Fee Simple | ||||||
Property | 15.01 | Dollar General-Afton, NY | Fee Simple | Dollar General | 9,002 | 09/30/2033 | ||||
Property | 15.02 | Dollar General-Rogers City, MI | Fee Simple | Dollar General | 9,026 | 02/28/2033 | ||||
Property | 15.03 | Dollar General-Oakman, AL | Fee Simple | Dollar General | 10,640 | 05/31/2033 | ||||
Property | 15.04 | Dollar General-Attalla, AL | Fee Simple | Dollar General | 9,100 | 06/30/2033 | ||||
Property | 15.05 | Dollar General-Greenbush, MN | Fee Simple | Dollar General | 9,100 | 08/31/2033 | ||||
Property | 15.06 | Dollar General-Opelika, AL | Fee Simple | Dollar General | 9,230 | 05/31/2033 | ||||
Property | 15.07 | Dollar General-Ishpeming, MI | Fee Simple | Dollar General | 9,100 | 08/31/2033 | ||||
Property | 15.08 | Dollar General-Lisman, AL | Fee Simple | Dollar General | 9,026 | 10/31/2033 | ||||
Property | 15.09 | Dollar General-Verbena, AL | Fee Simple | Dollar General | 9,196 | 10/31/2033 | ||||
Property | 15.10 | Dollar General-Appleton, MN | Fee Simple | Dollar General | 9,328 | 09/30/2031 | ||||
Property | 15.11 | Dollar General-New York Mills, MN | Fee Simple | Dollar General | 9,100 | 08/31/2031 | ||||
Property | 15.12 | Dollar General-Barry, IL | Fee Simple | Dollar General | 9,122 | 08/31/2031 | ||||
Property | 15.13 | Dollar General-Thomaston, AL | Fee Simple | Dollar General | 9,100 | 11/30/2033 | ||||
Property | 15.14 | Dollar General-Coffeen, IL | Fee Simple | Dollar General | 9,100 | 10/31/2033 | ||||
Property | 15.15 | Dollar General-Payson, IL | Fee Simple | Dollar General | 9,014 | 11/30/2033 | ||||
Property | 15.16 | Dollar General-Garden City, AL | Fee Simple | Dollar General | 9,100 | 10/31/2033 | ||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | Fee Simple | Dollar General | 9,100 | 08/31/2031 | ||||
Property | 15.18 | Dollar General-West Point, IA | Fee Simple | Dollar General | 9,100 | 12/31/2033 | ||||
Property | 15.19 | Dollar General-Backus, MN | Fee Simple | Dollar General | 9,328 | 09/30/2031 | ||||
Property | 15.20 | Dollar General-Erskine, MN | Fee Simple | Dollar General | 9,328 | 07/31/2031 | ||||
Property | 15.21 | Dollar General-Athens, AL | Fee Simple | Dollar General | 9,100 | 06/30/2033 | ||||
Property | 15.22 | Dollar General-Cullman, AL | Fee Simple | Dollar General | 9,100 | 09/30/2033 | ||||
Property | 15.23 | Dollar General-Pellston, MI | Fee Simple | Dollar General | 9,100 | 11/30/2033 |
A-1-25
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | |||||
Loan | ID | Property Name | TI/LC($) | NCF ($) | Interest | Expiration(20) | Extension Terms(20) | Largest Tenant(21)(24)(25) | SF | Expiration(23) |
Property | 15.24 | Dollar General-Clinton, AL | Fee Simple | Dollar General | 7,512 | 10/31/2033 | ||||
Property | 15.25 | Dollar General-Sebeka, MN | Fee Simple | Dollar General | 7,489 | 11/30/2033 | ||||
Property | 15.26 | Dollar General-Detroit, AL | Fee Simple | Dollar General | 7,489 | 08/31/2033 | ||||
Property | 15.27 | Dollar General-Larchwood, IA | Fee Simple | Dollar General | 7,489 | 12/31/2033 | ||||
Property | 15.28 | Dollar General-New Market, AL | Fee Simple | Dollar General | 9,100 | 10/31/2033 | ||||
Property | 15.29 | Dollar General-Ramer, AL | Fee Simple | Dollar General | 9,332 | 08/31/2031 | ||||
Property | 15.30 | Dollar General-Pansey, AL | Fee Simple | Dollar General | 7,500 | 11/30/2033 | ||||
Property | 15.31 | Dollar General-Pennington, AL | Fee Simple | Dollar General | 9,123 | 10/31/2031 | ||||
Property | 15.32 | Dollar General-Waterloo, AL | Fee Simple | Dollar General | 9,100 | 11/30/2033 | ||||
Property | 15.33 | Dollar General-Arab, AL | Fee Simple | Dollar General | 9,203 | 09/30/2031 | ||||
Loan | 16 | Tulsa Office Portfolio(2) | 887,866 | 5,218,769 | Fee Simple | |||||
Property | 16.01 | Exchange Tower | 181,822 | 1,322,853 | Fee Simple | QPS | 57,937 | 09/30/2023 | ||
Property | 16.02 | Towne Center | 109,470 | 1,001,972 | Fee Simple | Tulsa Pain Consultants | 22,719 | 08/31/2023 | ||
Property | 16.03 | Two Memorial Place | 175,232 | 1,107,264 | Fee Simple | Finance of America Reverse | 18,140 | 02/28/2025 | ||
Property | 16.04 | Triad Center I | 102,316 | 260,685 | Fee Simple | Kivell Rayment & Francis | 11,862 | 12/31/2020 | ||
Property | 16.05 | Corporate Place | 85,571 | 322,508 | Fee Simple | OK Employment Security | 13,000 | MTM | ||
Property | 16.06 | The 51 Yale Building | 87,148 | 679,525 | Fee Simple | GSA/Department of Veteran Affairs | 12,650 | 05/31/2028 | ||
Property | 16.07 | Commerce Tower | 85,039 | 314,480 | Fee Simple | PPM Global Resources | 9,745 | 03/31/2021 | ||
Property | 16.08 | Riverbridge Office | 24,176 | -559 | Fee Simple | Bravo Natural Resources, LLC | 17,303 | 04/30/2019 | ||
Property | 16.09 | Three Memorial Place | 37,092 | 210,042 | Fee Simple | GSA/DEA | 9,566 | 01/22/2028 | ||
Loan | 17 | Sharon Park Apartments | 2,486,445 | Fee Simple | NAP | NAP | NAP | |||
Loan | 18 | Spring Hollow Apartments(36) | 2,242,432 | Fee Simple | NAP | NAP | NAP | |||
Loan | 19 | Atrium Two(2)(35) | 757,040 | 5,462,022 | Fee Simple | Cincinnati Bell | 239,943 | 09/30/2030 | ||
Loan | 20 | The Landing Apartments(36) | 1,895,422 | Fee Simple | NAP | NAP | NAP | |||
Loan | 21 | Union Bay Apartments(36) | 2,791 | 1,532,428 | Fee Simple | NAP | NAP | NAP | ||
Loan | 22 | Baywood San Mateo(32) | 62,375 | 1,627,698 | Fee Simple | Fossil | 15,025 | 03/31/2026 | ||
Loan | 23 | Liberty Station Retail(2) | 327,704 | 8,982,567 | Fee Simple/Leasehold | 12/31/2070 | None | VONS Companies | 51,839 | 10/31/2027 |
Loan | 24 | 166 Geary Street | 34,343 | 1,508,608 | Fee Simple | WeWork | 12,500 | 05/31/2029 | ||
Loan | 25 | Vie Portfolio(2) | 7,460,421 | Fee Simple | ||||||
Property | 25.01 | University Downs | 1,628,114 | Fee Simple | NAP | NAP | NAP | |||
Property | 25.02 | Ella Lofts | 1,320,955 | Fee Simple | NAP | NAP | NAP | |||
Property | 25.03 | University View | 1,128,740 | Fee Simple | NAP | NAP | NAP | |||
Property | 25.04 | Colonie | 1,036,719 | Fee Simple | NAP | NAP | NAP | |||
Property | 25.05 | Hillcrest Oakwood | 1,451,765 | Fee Simple | NAP | NAP | NAP | |||
Property | 25.06 | Southgate | 894,128 | Fee Simple | NAP | NAP | NAP | |||
Loan | 26 | Roanoke Crossing Shopping Center | 78,572 | 1,571,203 | Fee Simple | Eminence Dance Complex, LLC | 5,760 | 12/31/2021 |
A-1-26
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | |||||
Loan | ID | Property Name | TI/LC($) | NCF ($) | Interest | Expiration(20) | Extension Terms(20) | Largest Tenant(21)(24)(25) | SF | Expiration(23) |
Loan | 27 | Texas Marriott & Hilton Portfolio | 1,994,062 | Fee Simple | ||||||
Property | 27.01 | Homewood Suites Brownsville | 999,142 | Fee Simple | NAP | NAP | NAP | |||
Property | 27.02 | Residence Inn Laredo | 994,920 | Fee Simple | NAP | NAP | NAP | |||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 1,830,562 | Fee Simple | NAP | NAP | NAP | |||
Loan | 29 | Hilton Garden Inn - Valley Forge | 1,682,030 | Fee Simple | NAP | NAP | NAP | |||
Loan | 30 | AC Marriott Downtown Tucson(2) | 90,426 | 4,581,663 | Leasehold | Various | No | NAP | NAP | NAP |
Loan | 31 | Atlantic Gardens | 21,310 | 1,194,364 | Fee Simple | US Postal Service | 4,782 | 06/30/2026 | ||
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 1,841,450 | Fee Simple | NAP | NAP | NAP | |||
Loan | 33 | Compass Self Storage PA & FL Portfolio | 1,357,091 | Fee Simple | ||||||
Property | 33.01 | Compass Self Storage Spring Hill | 717,710 | Fee Simple | NAP | NAP | NAP | |||
Property | 33.02 | Route 8 Self Storage | 639,381 | Fee Simple | NAP | NAP | NAP | |||
Loan | 34 | Meridian Tower | 191,927 | 1,343,843 | Fee Simple | Autobase, Inc. | 20,829 | 12/31/2021 | ||
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 1,600 | 867,504 | Fee Simple | |||||
Property | 35.01 | 69 Clinton Street | 600 | 497,385 | Fee Simple | Ronin Stones | 630 | 06/30/2030 | ||
Property | 35.02 | 28 East 13th Street | 1,000 | 370,119 | Fee Simple | Blue Stripes | 1,564 | 05/31/2028 | ||
Loan | 36 | 8401 Melrose | 1,625,590 | Fee Simple | Marc Jacobs | 3,950 | 08/31/2025 | |||
Loan | 37 | Huntsville Self Storage Portfolio | 968,287 | Fee Simple | ||||||
Property | 37.01 | Hampton Cove | 472,434 | Fee Simple | NAP | NAP | NAP | |||
Property | 37.02 | Safe & Secure | 304,210 | Fee Simple | NAP | NAP | NAP | |||
Property | 37.03 | Mt. Carmel & Bell Factory | 191,643 | Fee Simple | NAP | NAP | NAP | |||
Loan | 38 | Rosemont Commons Fee | 956,480 | Fee Simple | NAP | NAP | NAP | |||
Loan | 39 | Walgreens - MA & NH | 935,477 | Fee Simple | ||||||
Property | 39.01 | Walgreens - MA | Fee Simple | Walgreens | 14,820 | 09/30/2082 | ||||
Property | 39.02 | Walgreens - NH | Fee Simple | Walgreens | 12,303 | 12/31/2082 | ||||
Loan | 40 | 116 University Place | 2,626 | 776,005 | Fee Simple | Ferrero U.S.A., Inc. | 2,626 | 03/01/2028 | ||
Loan | 41 | Massman Ina Portfolio | 45,503 | 848,099 | Fee Simple | |||||
Property | 41.01 | Massman Drive | Fee Simple | Hearthside Food Solutions | 145,800 | 03/31/2023 | ||||
Property | 41.02 | West Ina Road | Fee Simple | Southern Arizona Urgent Care | 5,817 | 10/31/2026 | ||||
Loan | 42 | Colony Retail | 75,862 | 937,550 | Fee Simple | Floor & Décor | 72,916 | 10/30/2031 | ||
Loan | 43 | 161 Court Street | 4,800 | 537,695 | Fee Simple | Indochino Apparel (US) Inc. | 3,200 | 10/31/2028 | ||
Loan | 44 | First Colony Self Storage | 971,321 | Fee Simple | NAP | NAP | NAP | |||
Loan | 45 | I-10 & Haden Shopping Center | 19,434 | 383,650 | Fee Simple | GTE Mobilnet of South Texas | 6,025 | 02/29/2024 | ||
Loan | 46 | South Port Apartments | 358,686 | Fee Simple | NAP | NAP | NAP |
A-1-27
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Lease | Lease | |||||||||
Loan | ID | Property Name | 2nd Largest Tenant(22)(24) | SF | Expiration(23) | 3rd Largest Tenant(22)(24)(25) | SF | Expiration | 4th Largest Tenant(24) | SF |
Loan | 1 | 3 Columbus Circle(2)(33) | Emerge 212 3CC LLC | 57,359 | 02/29/2028 | Nordstrom | 46,991 | 07/31/2040 | Jazz at Lincoln Center, Inc. | 30,653 |
Loan | 2 | 3 Park Avenue(2)(35)(36) | TransPerfect Translations | 91,220 | 09/30/2019 | P. Kaufmann Contract | 57,000 | 12/31/2022 | Return Path, Inc. | 46,002 |
Loan | 3 | Saint Louis Galleria(2)(34) | H&M | 12,913 | 01/31/2021 | Victoria’s Secret | 12,892 | 01/31/2026 | Urban Outfitters | 12,623 |
Loan | 4 | ARC Apartments(2)(33) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 5 | 9800 Wilshire(32) | The Gores Group | 14,148 | 12/31/2034 | NAP | NAP | NAP | NAP | NAP |
Loan | 6 | 5202 Ben White | The Consulate of Mexico | 26,317 | 11/30/2032 | NAP | NAP | NAP | NAP | NAP |
Loan | 7 | 101 California(2)(33)(35) | Cooley LLP | 112,305 | 12/31/2020 | Morgan Stanley | 91,068 | 01/31/2028 | Deutsche Bank | 60,311 |
Loan | 8 | Soho Beach House(2)(34)(36) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 9 | Pace Gallery HQ(2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 10 | AT580 Multi | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 11 | Tailor Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 12 | Embassy Suites Scottsdale(34) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 13 | Flight(34) | The Nature Conservancy | 6,154 | 08/17/2023 | Taxi Recreation | 5,760 | 05/31/2032 | Ringsby Court | 4,769 |
Loan | 14 | The Crossing at Katy Ranch | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 15 | Dollar General Portfolio(34) | ||||||||
Property | 15.01 | Dollar General-Afton, NY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.02 | Dollar General-Rogers City, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.03 | Dollar General-Oakman, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.04 | Dollar General-Attalla, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.05 | Dollar General-Greenbush, MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.06 | Dollar General-Opelika, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.07 | Dollar General-Ishpeming, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.08 | Dollar General-Lisman, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.09 | Dollar General-Verbena, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.10 | Dollar General-Appleton, MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.11 | Dollar General-New York Mills, MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.12 | Dollar General-Barry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.13 | Dollar General-Thomaston, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.14 | Dollar General-Coffeen, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.15 | Dollar General-Payson, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.16 | Dollar General-Garden City, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.17 | Dollar General-Red Lake Falls, MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.18 | Dollar General-West Point, IA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.19 | Dollar General-Backus, MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.20 | Dollar General-Erskine, MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.21 | Dollar General-Athens, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.22 | Dollar General-Cullman, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.23 | Dollar General-Pellston, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-28
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Lease | Lease | |||||||||
Loan | ID | Property Name | 2nd Largest Tenant(22)(24) | SF | Expiration(23) | 3rd Largest Tenant(22)(24)(25) | SF | Expiration | 4th Largest Tenant(24) | SF |
Property | 15.24 | Dollar General-Clinton, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.25 | Dollar General-Sebeka, MN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.26 | Dollar General-Detroit, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.27 | Dollar General-Larchwood, IA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.28 | Dollar General-New Market, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.29 | Dollar General-Ramer, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.30 | Dollar General-Pansey, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.31 | Dollar General-Pennington, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.32 | Dollar General-Waterloo, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 15.33 | Dollar General-Arab, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 16 | Tulsa Office Portfolio(2) | ||||||||
Property | 16.01 | Exchange Tower | Arvest Bank | 42,951 | 12/31/2022 | Garmin International, Inc. | 15,415 | 06/30/2021 | Spectrio | 8,000 |
Property | 16.02 | Towne Center | Oklahoma Wesleyan University | 18,481 | 02/28/2021 | Carrefour Associates, LLC | 16,400 | 07/31/2020 | Jeanmarie Creations, LLC | 12,413 |
Property | 16.03 | Two Memorial Place | GSA/FBI | 17,119 | 07/08/2030 | IRS | 17,050 | 02/28/2029 | Tulsa Abstract & Title Co. | 10,076 |
Property | 16.04 | Triad Center I | Progressive Casualty Insurance | 7,951 | 02/28/2023 | Triad Bank | 7,311 | 07/31/2020 | Petro-Chem Development Co. | 6,676 |
Property | 16.05 | Corporate Place | Enacomm, Inc | 8,392 | 09/30/2020 | Megasys Hospitality Systems | 4,256 | 02/28/2020 | Precision Engineering Group | 4,187 |
Property | 16.06 | The 51 Yale Building | Orthopedic Trauma Service OK | 8,258 | 08/31/2023 | Farmers National Company | 8,099 | MTM | Tulsa Ctr for Child Psychology | 6,962 |
Property | 16.07 | Commerce Tower | Sisu Energy & Environmental | 6,482 | 04/30/2021 | City National Bank and Trust | 5,057 | 12/31/2022 | Jack Zurawik | 4,928 |
Property | 16.08 | Riverbridge Office | Equus Environmental | 5,846 | 06/30/2021 | Integra Realty Resources | 3,971 | MTM | State of Texas | 3,282 |
Property | 16.09 | Three Memorial Place | GSA/ONRR | 7,561 | 10/31/2023 | McClure Engineering Company | 4,337 | 03/31/2022 | Rural Enterprises of Oklahoma | 2,671 |
Loan | 17 | Sharon Park Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 18 | Spring Hollow Apartments(36) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 19 | Atrium Two(2)(35) | Federal Home Loan Bank | 78,794 | 09/30/2026 | Kroger | 74,365 | 09/30/2023 | GSA - US Bankruptcy Court | 40,112 |
Loan | 20 | The Landing Apartments(36) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 21 | Union Bay Apartments(36) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 22 | Baywood San Mateo(32) | Second Measure | 6,417 | 12/31/2025 | Core Power Yoga | 4,064 | 03/14/2026 | NAP | NAP |
Loan | 23 | Liberty Station Retail(2) | Stone Brewing Co. | 22,514 | 08/31/2027 | Liberty Public Market | 21,929 | 01/31/2026 | 828 Events | 14,896 |
Loan | 24 | 166 Geary Street | Mabrie Facial Cosmetic, Inc. | 2,515 | 06/30/2022 | Erevena, Inc. | 2,461 | 10/31/2022 | Paul-Ryan Lake, D.D.S. | 2,062 |
Loan | 25 | Vie Portfolio(2) | ||||||||
Property | 25.01 | University Downs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 25.02 | Ella Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 25.03 | University View | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 25.04 | Colonie | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 25.05 | Hillcrest Oakwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 25.06 | Southgate | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 26 | Roanoke Crossing Shopping Center | Chili’s - Brinkers TX, LP | 5,555 | 01/31/2024 | Anytime Fitness | 4,200 | 02/29/2024 | JP Morgan (Bank One) | 4,148 |
A-1-29
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Lease | Lease | |||||||||
Loan | ID | Property Name | 2nd Largest Tenant(22)(24) | SF | Expiration(23) | 3rd Largest Tenant(22)(24)(25) | SF | Expiration | 4th Largest Tenant(24) | SF |
Loan | 27 | Texas Marriott & Hilton Portfolio | ||||||||
Property | 27.01 | Homewood Suites Brownsville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 27.02 | Residence Inn Laredo | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 29 | Hilton Garden Inn - Valley Forge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 30 | AC Marriott Downtown Tucson(2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 31 | Atlantic Gardens | YokeyPokey | 2,632 | 07/31/2022 | Smile Direct | 1,872 | 06/30/2024 | Cloe Luv | 1,602 |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 33 | Compass Self Storage PA & FL Portfolio | ||||||||
Property | 33.01 | Compass Self Storage Spring Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 33.02 | Route 8 Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 34 | Meridian Tower | Professional Data Management Again | 19,195 | 05/31/2024 | Digital Mobile Innovations, LLC | 18,244 | 08/31/2024 | Scotlynn USA Division, Inc. | 15,326 |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | ||||||||
Property | 35.01 | 69 Clinton Street | Taqueria Diana | 630 | 09/01/2027 | NAP | NAP | NAP | NAP | NAP |
Property | 35.02 | 28 East 13th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 36 | 8401 Melrose | Plus 2 West Zero | 1,900 | 06/30/2020 | NAP | NAP | NAP | NAP | NAP |
Loan | 37 | Huntsville Self Storage Portfolio | ||||||||
Property | 37.01 | Hampton Cove | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 37.02 | Safe & Secure | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 37.03 | Mt. Carmel & Bell Factory | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 38 | Rosemont Commons Fee | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 39 | Walgreens - MA & NH | ||||||||
Property | 39.01 | Walgreens - MA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Property | 39.02 | Walgreens - NH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 40 | 116 University Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 41 | Massman Ina Portfolio | ||||||||
Property | 41.01 | Massman Drive | Ferguson Enterprises | 24,800 | 12/31/2023 | NAP | NAP | NAP | NAP | NAP |
Property | 41.02 | West Ina Road | TitleMax | 1,800 | 02/28/2022 | Wingstop | 1,300 | 07/31/2023 | NAP | NAP |
Loan | 42 | Colony Retail | Chair King | 16,910 | 07/31/2027 | NAP | NAP | NAP | NAP | NAP |
Loan | 43 | 161 Court Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 44 | First Colony Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan | 45 | I-10 & Haden Shopping Center | Mattress Pal Holding | 3,200 | 01/31/2020 | Sanaz Khavari DDS, PLLC. | 2,462 | 12/31/2025 | OneMain Financial of Texas, Inc | 2,233 |
Loan | 46 | South Port Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-30
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | |||||||||
Lease | Lease | Occupancy | Replacement | ||||||
Loan | ID | Property Name | Expiration(23) | 5th Largest Tenant(24) | SF | Expiration | Occupancy(4)(21)(25) | As-of Date | Reserves($)(27) |
Loan | 1 | 3 Columbus Circle(2)(33) | 04/30/2028 | Josephson | 22,742 | 12/31/2032 | 97.2% | 01/01/2019 | |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 07/31/2025 | Pira Energy Group | 27,577 | 02/29/2020 | 85.5% | 10/23/2018 | |
Loan | 3 | Saint Louis Galleria(2)(34) | 01/31/2021 | Forever 21 | 11,798 | 01/31/2020 | 96.9% | 09/30/2018 | |
Loan | 4 | ARC Apartments(2)(33) | NAP | NAP | NAP | NAP | 100.0% | 12/31/2018 | |
Loan | 5 | 9800 Wilshire(32) | NAP | NAP | NAP | NAP | 100.0% | 01/31/2019 | |
Loan | 6 | 5202 Ben White | NAP | NAP | NAP | NAP | 91.2% | 12/06/2018 | |
Loan | 7 | 101 California(2)(33)(35) | 12/31/2024 | Winston & Strawn | 52,235 | 10/31/2024 | 92.1% | 12/31/2018 | |
Loan | 8 | Soho Beach House(2)(34)(36) | NAP | NAP | NAP | NAP | 90.2% | 01/31/2019 | 2,500,000 |
Loan | 9 | Pace Gallery HQ(2) | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Loan | 10 | AT580 Multi | NAP | NAP | NAP | NAP | 97.2% | 01/04/2019 | |
Loan | 11 | Tailor Lofts | NAP | NAP | NAP | NAP | 99.5% | 11/30/2018 | 7,461 |
Loan | 12 | Embassy Suites Scottsdale(34) | NAP | NAP | NAP | NAP | 75.8% | 11/30/2018 | |
Loan | 13 | Flight(34) | 05/31/2032 | Lightshade | 4,198 | 03/31/2024 | 96.2% | 01/01/2019 | |
Loan | 14 | The Crossing at Katy Ranch | NAP | NAP | NAP | NAP | 94.7% | 01/31/2019 | 6,625 |
Loan | 15 | Dollar General Portfolio(34) | 100.0% | 04/06/2019 | |||||
Property | 15.01 | Dollar General-Afton, NY | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.02 | Dollar General-Rogers City, MI | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.03 | Dollar General-Oakman, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.04 | Dollar General-Attalla, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.05 | Dollar General-Greenbush, MN | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.06 | Dollar General-Opelika, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.07 | Dollar General-Ishpeming, MI | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.08 | Dollar General-Lisman, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.09 | Dollar General-Verbena, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.10 | Dollar General-Appleton, MN | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.11 | Dollar General-New York Mills, MN | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.12 | Dollar General-Barry, IL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.13 | Dollar General-Thomaston, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.14 | Dollar General-Coffeen, IL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.15 | Dollar General-Payson, IL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.16 | Dollar General-Garden City, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.17 | Dollar General-Red Lake Falls, MN | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.18 | Dollar General-West Point, IA | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.19 | Dollar General-Backus, MN | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.20 | Dollar General-Erskine, MN | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.21 | Dollar General-Athens, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.22 | Dollar General-Cullman, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.23 | Dollar General-Pellston, MI | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
A-1-31
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | |||||||||
Lease | Lease | Occupancy | Replacement | ||||||
Loan | ID | Property Name | Expiration(23) | 5th Largest Tenant(24) | SF | Expiration | Occupancy(4)(21)(25) | As-of Date | Reserves($)(27) |
Property | 15.24 | Dollar General-Clinton, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.25 | Dollar General-Sebeka, MN | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.26 | Dollar General-Detroit, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.27 | Dollar General-Larchwood, IA | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.28 | Dollar General-New Market, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.29 | Dollar General-Ramer, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.30 | Dollar General-Pansey, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.31 | Dollar General-Pennington, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.32 | Dollar General-Waterloo, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Property | 15.33 | Dollar General-Arab, AL | NAP | NAP | NAP | NAP | 100.0% | 04/06/2019 | |
Loan | 16 | Tulsa Office Portfolio(2) | 76.6% | Various | 302,513 | ||||
Property | 16.01 | Exchange Tower | 04/30/2021 | Armor Energy, LLC | 7,658 | 12/31/2020 | 95.8% | 12/07/2018 | |
Property | 16.02 | Towne Center | 06/30/2023 | Golden Fields Services | 9,503 | 09/30/2019 | 78.2% | 12/27/2018 | |
Property | 16.03 | Two Memorial Place | 09/30/2019 | Triad Eye Institute | 9,444 | 06/30/2020 | 83.4% | 12/27/2018 | |
Property | 16.04 | Triad Center I | 04/30/2022 | FDIC | 5,927 | 07/31/2020 | 51.5% | 11/30/2018 | |
Property | 16.05 | Corporate Place | 12/31/2022 | JMARK Business Solutions, Inc | 3,594 | 10/31/2019 | 75.1% | 12/27/2018 | |
Property | 16.06 | The 51 Yale Building | 04/30/2019 | Therapy 4 Kids | 6,228 | 07/31/2022 | 91.4% | 12/27/2018 | |
Property | 16.07 | Commerce Tower | 07/31/2019 | Joshi Technologies Int’l., Inc | 4,732 | 06/30/2020 | 78.0% | 12/27/2018 | |
Property | 16.08 | Riverbridge Office | 10/31/2024 | GSA/Trustee Amer Indians | 2,236 | 04/30/2033 | 49.2% | 12/27/2018 | |
Property | 16.09 | Three Memorial Place | 06/30/2019 | Crescent Bank & Trust | 2,530 | 09/30/2019 | 72.0% | 12/27/2018 | |
Loan | 17 | Sharon Park Apartments | NAP | NAP | NAP | NAP | 95.0% | 01/17/2019 | |
Loan | 18 | Spring Hollow Apartments(36) | NAP | NAP | NAP | NAP | 91.7% | 12/16/2018 | |
Loan | 19 | Atrium Two(2)(35) | 05/24/2025 | GSA - US Attorney’s Office | 35,000 | 10/31/2021 | 94.2% | 10/12/2018 | |
Loan | 20 | The Landing Apartments(36) | NAP | NAP | NAP | NAP | 94.8% | 01/07/2019 | |
Loan | 21 | Union Bay Apartments(36) | NAP | NAP | NAP | NAP | 95.9% | 01/29/2019 | |
Loan | 22 | Baywood San Mateo(32) | NAP | NAP | NAP | NAP | 100.0% | 01/01/2019 | |
Loan | 23 | Liberty Station Retail(2) | 05/31/2029 | Trader Joes | 14,843 | 03/31/2022 | 92.4% | 08/01/2018 | 4,074 |
Loan | 24 | 166 Geary Street | 09/30/2028 | James Colgan Union Square | 1,650 | 03/31/2024 | 92.7% | 02/12/2019 | 572 |
Loan | 25 | Vie Portfolio(2) | 90.0% | Various | 25,738 | ||||
Property | 25.01 | University Downs | NAP | NAP | NAP | NAP | 86.0% | 12/03/2018 | |
Property | 25.02 | Ella Lofts | NAP | NAP | NAP | NAP | 98.0% | 12/05/2018 | |
Property | 25.03 | University View | NAP | NAP | NAP | NAP | 95.8% | 12/11/2018 | |
Property | 25.04 | Colonie | NAP | NAP | NAP | NAP | 97.8% | 12/11/2018 | |
Property | 25.05 | Hillcrest Oakwood | NAP | NAP | NAP | NAP | 85.1% | 12/11/2018 | |
Property | 25.06 | Southgate | NAP | NAP | NAP | NAP | 92.1% | 12/11/2018 | |
Loan | 26 | Roanoke Crossing Shopping Center | 08/31/2024 | JBRE LLC | 3,800 | 02/28/2023 | 90.7% | 09/04/2018 | 982 |
A-1-32
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Upfront | |||||||||
Lease | Lease | Occupancy | Replacement | ||||||
Loan | ID | Property Name | Expiration(23) | 5th Largest Tenant(24) | SF | Expiration | Occupancy(4)(21)(25) | As-of Date | Reserves($)(27) |
Loan | 27 | Texas Marriott & Hilton Portfolio | 77.7% | 12/31/2018 | |||||
Property | 27.01 | Homewood Suites Brownsville | NAP | NAP | NAP | NAP | 80.2% | 12/31/2018 | |
Property | 27.02 | Residence Inn Laredo | NAP | NAP | NAP | NAP | 75.8% | 12/31/2018 | |
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | NAP | NAP | NAP | NAP | 80.1% | 12/31/2018 | 17,855 |
Loan | 29 | Hilton Garden Inn - Valley Forge | NAP | NAP | NAP | NAP | 77.5% | 12/31/2018 | 20,375 |
Loan | 30 | AC Marriott Downtown Tucson(2) | NAP | NAP | NAP | NAP | 82.7% | 01/31/2019 | |
Loan | 31 | Atlantic Gardens | 05/31/2029 | Midtown Florist | 837 | 08/31/2029 | 100.0% | 12/19/2018 | |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | NAP | NAP | NAP | NAP | 78.8% | 10/31/2018 | |
Loan | 33 | Compass Self Storage PA & FL Portfolio | 83.8% | Various | |||||
Property | 33.01 | Compass Self Storage Spring Hill | NAP | NAP | NAP | NAP | 78.5% | 01/01/2019 | |
Property | 33.02 | Route 8 Self Storage | NAP | NAP | NAP | NAP | 89.3% | 11/30/2018 | |
Loan | 34 | Meridian Tower | 05/30/2027 | Hokanson Companies, Inc. | 9,822 | 07/31/2022 | 91.1% | 12/01/2018 | |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 94.4% | 01/01/2019 | |||||
Property | 35.01 | 69 Clinton Street | NAP | NAP | NAP | NAP | 93.8% | 01/01/2019 | |
Property | 35.02 | 28 East 13th Street | NAP | NAP | NAP | NAP | 100.0% | 01/01/2019 | |
Loan | 36 | 8401 Melrose | NAP | NAP | NAP | NAP | 100.0% | 11/05/2018 | |
Loan | 37 | Huntsville Self Storage Portfolio | 77.6% | Various | |||||
Property | 37.01 | Hampton Cove | NAP | NAP | NAP | NAP | 69.5% | 01/17/2019 | |
Property | 37.02 | Safe & Secure | NAP | NAP | NAP | NAP | 93.3% | 01/18/2019 | |
Property | 37.03 | Mt. Carmel & Bell Factory | NAP | NAP | NAP | NAP | 87.0% | 01/18/2019 | |
Loan | 38 | Rosemont Commons Fee | NAP | NAP | NAP | NAP | NAP | NAP | |
Loan | 39 | Walgreens - MA & NH | 100.0% | 04/01/2019 | |||||
Property | 39.01 | Walgreens - MA | NAP | NAP | NAP | NAP | 100.0% | 04/01/2019 | |
Property | 39.02 | Walgreens - NH | NAP | NAP | NAP | NAP | 100.0% | 04/01/2019 | |
Loan | 40 | 116 University Place | NAP | NAP | NAP | NAP | 100.0% | 04/01/2019 | 33 |
Loan | 41 | Massman Ina Portfolio | 100.0% | 01/25/2019 | |||||
Property | 41.01 | Massman Drive | NAP | NAP | NAP | NAP | 100.0% | 01/25/2019 | |
Property | 41.02 | West Ina Road | NAP | NAP | NAP | NAP | 100.0% | 01/25/2019 | |
Loan | 42 | Colony Retail | NAP | NAP | NAP | NAP | 100.0% | 02/01/2019 | 1,123 |
Loan | 43 | 161 Court Street | NAP | NAP | NAP | NAP | 100.0% | 02/01/2019 | |
Loan | 44 | First Colony Self Storage | NAP | NAP | NAP | NAP | 92.1% | 12/15/2018 | |
Loan | 45 | I-10 & Haden Shopping Center | 03/31/2023 | Batteries Plus Bulbs (ZPA Corporation) | 1,685 | 09/30/2020 | 100.0% | 01/15/2019 | 195 |
Loan | 46 | South Port Apartments | NAP | NAP | NAP | NAP | 93.8% | 11/30/2018 |
A-1-33
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | |||
Replacement | TI/LC | |||
Loan | ID | Property Name | Reserves ($)(28)(29)(30) | Reserves ($)(27)(31) |
Loan | 1 | 3 Columbus Circle(2)(33) | Springing | |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 18,543 | |
Loan | 3 | Saint Louis Galleria(2)(34) | Springing | |
Loan | 4 | ARC Apartments(2)(33) | 8,981 | |
Loan | 5 | 9800 Wilshire(32) | Springing | |
Loan | 6 | 5202 Ben White | 5,096 | |
Loan | 7 | 101 California(2)(33)(35) | Springing | |
Loan | 8 | Soho Beach House(2)(34)(36) | Borrower is required to deposit the greater of (i) 1/12th of 4.0% of the Room and F&B revenue generated during the 12 month period ending on the last day of the most recent calendar quarter | |
Loan | 9 | Pace Gallery HQ(2) | Springing | |
Loan | 10 | AT580 Multi | 3,750 | |
Loan | 11 | Tailor Lofts | 7,461 | 737 |
Loan | 12 | Embassy Suites Scottsdale(34) | Greater of (i) 4.0% of the actual Rents for the property for the 2nd prior month; (ii) the then-current amount required by the Management Agreement; (iii) the then-current amount required by the Franchise Agreement for Approved Capital Expenditures and the repair and replacement of the FF&E | |
Loan | 13 | Flight(34) | Springing | |
Loan | 14 | The Crossing at Katy Ranch | 6,625 | |
Loan | 15 | Dollar General Portfolio(34) | 1,230 | |
Property | 15.01 | Dollar General-Afton, NY | ||
Property | 15.02 | Dollar General-Rogers City, MI | ||
Property | 15.03 | Dollar General-Oakman, AL | ||
Property | 15.04 | Dollar General-Attalla, AL | ||
Property | 15.05 | Dollar General-Greenbush, MN | ||
Property | 15.06 | Dollar General-Opelika, AL | ||
Property | 15.07 | Dollar General-Ishpeming, MI | ||
Property | 15.08 | Dollar General-Lisman, AL | ||
Property | 15.09 | Dollar General-Verbena, AL | ||
Property | 15.10 | Dollar General-Appleton, MN | ||
Property | 15.11 | Dollar General-New York Mills, MN | ||
Property | 15.12 | Dollar General-Barry, IL | ||
Property | 15.13 | Dollar General-Thomaston, AL | ||
Property | 15.14 | Dollar General-Coffeen, IL | ||
Property | 15.15 | Dollar General-Payson, IL | ||
Property | 15.16 | Dollar General-Garden City, AL | ||
Property | 15.17 | Dollar General-Red Lake Falls, MN | ||
Property | 15.18 | Dollar General-West Point, IA | ||
Property | 15.19 | Dollar General-Backus, MN | ||
Property | 15.20 | Dollar General-Erskine, MN | ||
Property | 15.21 | Dollar General-Athens, AL | ||
Property | 15.22 | Dollar General-Cullman, AL | ||
Property | 15.23 | Dollar General-Pellston, MI | ||
A-1-34
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | |||
Replacement | TI/LC | |||
Loan | ID | Property Name | Reserves ($)(28)(29)(30) | Reserves ($)(27)(31) |
Property | 15.24 | Dollar General-Clinton, AL | ||
Property | 15.25 | Dollar General-Sebeka, MN | ||
Property | 15.26 | Dollar General-Detroit, AL | ||
Property | 15.27 | Dollar General-Larchwood, IA | ||
Property | 15.28 | Dollar General-New Market, AL | ||
Property | 15.29 | Dollar General-Ramer, AL | ||
Property | 15.30 | Dollar General-Pansey, AL | ||
Property | 15.31 | Dollar General-Pennington, AL | ||
Property | 15.32 | Dollar General-Waterloo, AL | ||
Property | 15.33 | Dollar General-Arab, AL | ||
Loan | 16 | Tulsa Office Portfolio(2) | 19,231 | 3,750,000 |
Property | 16.01 | Exchange Tower | ||
Property | 16.02 | Towne Center | ||
Property | 16.03 | Two Memorial Place | ||
Property | 16.04 | Triad Center I | ||
Property | 16.05 | Corporate Place | ||
Property | 16.06 | The 51 Yale Building | ||
Property | 16.07 | Commerce Tower | ||
Property | 16.08 | Riverbridge Office | ||
Property | 16.09 | Three Memorial Place | ||
Loan | 17 | Sharon Park Apartments | 16,642 | |
Loan | 18 | Spring Hollow Apartments(36) | 10,542 | |
Loan | 19 | Atrium Two(2)(35) | 13,672 | |
Loan | 20 | The Landing Apartments(36) | 3,297 | |
Loan | 21 | Union Bay Apartments(36) | 1,542 | |
Loan | 22 | Baywood San Mateo(32) | 425 | |
Loan | 23 | Liberty Station Retail(2) | 4,074 | 27,159 |
Loan | 24 | 166 Geary Street | 572 | 2,862 |
Loan | 25 | Vie Portfolio(2) | 25,738 | |
Property | 25.01 | University Downs | ||
Property | 25.02 | Ella Lofts | ||
Property | 25.03 | University View | ||
Property | 25.04 | Colonie | ||
Property | 25.05 | Hillcrest Oakwood | ||
Property | 25.06 | Southgate | ||
Loan | 26 | Roanoke Crossing Shopping Center | 984 | 6,548 |
A-1-35
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | |||
Replacement | TI/LC | |||
Loan | ID | Property Name | Reserves ($)(28)(29)(30) | Reserves ($)(27)(31) |
Loan | 27 | Texas Marriott & Hilton Portfolio | Borrower is required to deposit the greater of (i) 1/12th of 4.0% of the greater of (x) the annual gross revenues for the hotel related operations at the Property for the immediately preceding calendar year as reasonably determined by Lender or (y) the projected annual gross revenues for the hotel related operations at the Property for the calendar year in which such Monthly Payment Date occurs as set forth in the Approved Annual Budget or (ii) the amount due under the franchise agreement. | |
Property | 27.01 | Homewood Suites Brownsville | ||
Property | 27.02 | Residence Inn Laredo | ||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 17,917 | |
Loan | 29 | Hilton Garden Inn - Valley Forge | 20,333 | |
Loan | 30 | AC Marriott Downtown Tucson(2) | Greatest of (i) with respect to the first monthly payment date through and including the monthly payment date in January, 2021, 3% and (y) with respect to each monthly payment date from February, 2021 and for each monthly payment date thereafter, 4% of the projected Rents for the Hotel Property for the prior month as set forth in the most recent Approved Annual Budget (ii) the then-current amount required by the Management Agreement and (iii) the then-current amount required by the Franchise Agreement for Approved Capital Expenditures relating to the Hotel Property and the repair and replacement of the FF&E | |
Loan | 31 | Atlantic Gardens | 677 | |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | The greater of (i) 4.0% of property rents for the month which occurred two months prior (ii) the then-current amount required by the Management Agreement and (iii) any amount required under any Franchise Agreement for FF&E Work | |
Loan | 33 | Compass Self Storage PA & FL Portfolio | 1,715 | |
Property | 33.01 | Compass Self Storage Spring Hill | ||
Property | 33.02 | Route 8 Self Storage | ||
Loan | 34 | Meridian Tower | 2,379 | |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 410 | |
Property | 35.01 | 69 Clinton Street | ||
Property | 35.02 | 28 East 13th Street | ||
Loan | 36 | 8401 Melrose | Springing | |
Loan | 37 | Huntsville Self Storage Portfolio | 3,150 | |
Property | 37.01 | Hampton Cove | ||
Property | 37.02 | Safe & Secure | ||
Property | 37.03 | Mt. Carmel & Bell Factory | ||
Loan | 38 | Rosemont Commons Fee | ||
Loan | 39 | Walgreens - MA & NH | Springing | |
Property | 39.01 | Walgreens - MA | ||
Property | 39.02 | Walgreens - NH | ||
Loan | 40 | 116 University Place | 33 | 219 |
Loan | 41 | Massman Ina Portfolio | ||
Property | 41.01 | Massman Drive | ||
Property | 41.02 | West Ina Road | ||
Loan | 42 | Colony Retail | 1,123 | 450,000 |
Loan | 43 | 161 Court Street | 94 | |
Loan | 44 | First Colony Self Storage | Springing | |
Loan | 45 | I-10 & Haden Shopping Center | 195 | 46,800 |
Loan | 46 | South Port Apartments | 2,815 |
A-1-36
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||
TI/LC | Tax | Tax | Insurance | Insurance | Engineering | Other | Other | |||
Loan | ID | Property Name | Reserves ($)(28)(29)(30)(31) | Reserves ($)(27) | Reserves ($) | Reserves($)(27) | Reserves ($)(28) | Reserve($)(27) | Reserves ($)(28)(29)(31) | Reserves ($)(27)(30)(31) |
Loan | 1 | 3 Columbus Circle(2)(33) | Springing | Springing | Springing | 2,668,685 | Springing | |||
Loan | 2 | 3 Park Avenue(2)(35)(36) | 100,000 | 3,668,201 | 641,935 | Springing | ||||
Loan | 3 | Saint Louis Galleria(2)(34) | Springing | Springing | Springing | 1,675,345 | ||||
Loan | 4 | ARC Apartments(2)(33) | 31,756 | 7,939 | Springing | 5,393,065 | Springing | |||
Loan | 5 | 9800 Wilshire(32) | Springing | 52,099 | 52,099 | 37,007 | 4,626 | Springing | ||
Loan | 6 | 5202 Ben White | Springing | 28,215 | 14,108 | Springing | 9,349,134 | 11,799 | ||
Loan | 7 | 101 California(2)(33)(35) | Springing | Springing | Springing | 20,474,821 | ||||
Loan | 8 | Soho Beach House(2)(34)(36) | 159,972 | 26,662 | 340,170 | 48,596 | 1,000,000 | Springing | ||
Loan | 9 | Pace Gallery HQ(2) | Springing | Springing | Springing | 6,792,677 | ||||
Loan | 10 | AT580 Multi | 35,010 | 12,407 | 23,868 | 1,989 | Springing | |||
Loan | 11 | Tailor Lofts | 737 | 178,734 | 59,578 | Springing | ||||
Loan | 12 | Embassy Suites Scottsdale(34) | 84,465 | 21,116 | Springing | 400,000 | ||||
Loan | 13 | Flight(34) | 17,131 | 72,301 | Springing | 955,605 | ||||
Loan | 14 | The Crossing at Katy Ranch | 306,283 | 102,094 | Springing | |||||
Loan | 15 | Dollar General Portfolio(34) | 2,460 | 76,313 | 21,771 | Springing | 10,000 | Springing | ||
Property | 15.01 | Dollar General-Afton, NY | ||||||||
Property | 15.02 | Dollar General-Rogers City, MI | ||||||||
Property | 15.03 | Dollar General-Oakman, AL | ||||||||
Property | 15.04 | Dollar General-Attalla, AL | ||||||||
Property | 15.05 | Dollar General-Greenbush, MN | ||||||||
Property | 15.06 | Dollar General-Opelika, AL | ||||||||
Property | 15.07 | Dollar General-Ishpeming, MI | ||||||||
Property | 15.08 | Dollar General-Lisman, AL | ||||||||
Property | 15.09 | Dollar General-Verbena, AL | ||||||||
Property | 15.10 | Dollar General-Appleton, MN | ||||||||
Property | 15.11 | Dollar General-New York Mills, MN | ||||||||
Property | 15.12 | Dollar General-Barry, IL | ||||||||
Property | 15.13 | Dollar General-Thomaston, AL | ||||||||
Property | 15.14 | Dollar General-Coffeen, IL | ||||||||
Property | 15.15 | Dollar General-Payson, IL | ||||||||
Property | 15.16 | Dollar General-Garden City, AL | ||||||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | ||||||||
Property | 15.18 | Dollar General-West Point, IA | ||||||||
Property | 15.19 | Dollar General-Backus, MN | ||||||||
Property | 15.20 | Dollar General-Erskine, MN | ||||||||
Property | 15.21 | Dollar General-Athens, AL | ||||||||
Property | 15.22 | Dollar General-Cullman, AL | ||||||||
Property | 15.23 | Dollar General-Pellston, MI | ||||||||
A-1-37
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||
TI/LC | Tax | Tax | Insurance | Insurance | Engineering | Other | Other | |||
Loan | ID | Property Name | Reserves ($)(28)(29)(30)(31) | Reserves ($)(27) | Reserves ($) | Reserves($)(27) | Reserves ($)(28) | Reserve($)(27) | Reserves ($)(28)(29)(31) | Reserves ($)(27)(30)(31) |
Property | 15.24 | Dollar General-Clinton, AL | ||||||||
Property | 15.25 | Dollar General-Sebeka, MN | ||||||||
Property | 15.26 | Dollar General-Detroit, AL | ||||||||
Property | 15.27 | Dollar General-Larchwood, IA | ||||||||
Property | 15.28 | Dollar General-New Market, AL | ||||||||
Property | 15.29 | Dollar General-Ramer, AL | ||||||||
Property | 15.30 | Dollar General-Pansey, AL | ||||||||
Property | 15.31 | Dollar General-Pennington, AL | ||||||||
Property | 15.32 | Dollar General-Waterloo, AL | ||||||||
Property | 15.33 | Dollar General-Arab, AL | ||||||||
Loan | 16 | Tulsa Office Portfolio(2) | Springing | 335,125 | 83,781 | Springing | 997,487 | 752,849 | ||
Property | 16.01 | Exchange Tower | ||||||||
Property | 16.02 | Towne Center | ||||||||
Property | 16.03 | Two Memorial Place | ||||||||
Property | 16.04 | Triad Center I | ||||||||
Property | 16.05 | Corporate Place | ||||||||
Property | 16.06 | The 51 Yale Building | ||||||||
Property | 16.07 | Commerce Tower | ||||||||
Property | 16.08 | Riverbridge Office | ||||||||
Property | 16.09 | Three Memorial Place | ||||||||
Loan | 17 | Sharon Park Apartments | 73,548 | 24,516 | 98,678 | 19,736 | 86,710 | |||
Loan | 18 | Spring Hollow Apartments(36) | 171,991 | 57,330 | 22,190 | 11,095 | 3,313,000 | |||
Loan | 19 | Atrium Two(2)(35) | 51,175 | 1,148,336 | 164,048 | Springing | 946,486 | Springing | ||
Loan | 20 | The Landing Apartments(36) | 58,934 | 29,467 | Springing | |||||
Loan | 21 | Union Bay Apartments(36) | 194 | 79,639 | 19,910 | 5,929 | 2,965 | 22,375 | 39 | |
Loan | 22 | Baywood San Mateo(32) | Springing | 49,376 | 16,459 | 3,313 | 1,656 | 49,985 | ||
Loan | 23 | Liberty Station Retail(2) | 27,309 | 515,493 | 103,098 | Springing | 1,202,027 | |||
Loan | 24 | 166 Geary Street | 2,862 | 17,886 | 63,058 | 7,006 | 17,063 | 2,390,179 | ||
Loan | 25 | Vie Portfolio(2) | 652,075 | 133,333 | Springing | 726,149 | 7,165,838 | 50,256.67 (first 15 payments only) | ||
Property | 25.01 | University Downs | ||||||||
Property | 25.02 | Ella Lofts | ||||||||
Property | 25.03 | University View | ||||||||
Property | 25.04 | Colonie | ||||||||
Property | 25.05 | Hillcrest Oakwood | ||||||||
Property | 25.06 | Southgate | ||||||||
Loan | 26 | Roanoke Crossing Shopping Center | 6,548 | 47,800 | 23,900 | Springing | 1,050,000 | |||
A-1-38
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | ||||
TI/LC | Tax | Tax | Insurance | Insurance | Engineering | Other | Other | |||
Loan | ID | Property Name | Reserves ($)(28)(29)(30)(31) | Reserves ($)(27) | Reserves ($) | Reserves($)(27) | Reserves ($)(28) | Reserve($)(27) | Reserves ($)(28)(29)(31) | Reserves ($)(27)(30)(31) |
Loan | 27 | Texas Marriott & Hilton Portfolio | 93,762 | 23,440 | 17,918 | 8,959 | 4,000 | 2,135,522 | ||
Property | 27.01 | Homewood Suites Brownsville | ||||||||
Property | 27.02 | Residence Inn Laredo | ||||||||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 180,000 | 29,324 | 63,790 | 5,316 | 11,760 | Springing | ||
Loan | 29 | Hilton Garden Inn - Valley Forge | 188,000 | 26,788 | 75,708 | 6,309 | Springing | |||
Loan | 30 | AC Marriott Downtown Tucson(2) | 11,826 | 2,365 | Springing | 389 | ||||
Loan | 31 | Atlantic Gardens | 1,667 | 8,170 | 8,170 | Springing | 26,625 | 347,696 | ||
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 18,406 | Springing | 227,513 | |||||
Loan | 33 | Compass Self Storage PA & FL Portfolio | 16,844 | Springing | ||||||
Property | 33.01 | Compass Self Storage Spring Hill | ||||||||
Property | 33.02 | Route 8 Self Storage | ||||||||
Loan | 34 | Meridian Tower | 15,000 | 69,053 | 23,018 | Springing | 66,000 | 1,306,414 | ||
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 65,777 | 16,444 | 11,546 | 2,309 | 18,125 | 78,000 | ||
Property | 35.01 | 69 Clinton Street | ||||||||
Property | 35.02 | 28 East 13th Street | ||||||||
Loan | 36 | 8401 Melrose | Springing | Springing | Springing | Springing | ||||
Loan | 37 | Huntsville Self Storage Portfolio | 43,702 | 7,284 | 26,596 | 2,660 | 46,525 | 400,000 | ||
Property | 37.01 | Hampton Cove | ||||||||
Property | 37.02 | Safe & Secure | ||||||||
Property | 37.03 | Mt. Carmel & Bell Factory | ||||||||
Loan | 38 | Rosemont Commons Fee | Springing | Springing | ||||||
Loan | 39 | Walgreens - MA & NH | Springing | Springing | ||||||
Property | 39.01 | Walgreens - MA | ||||||||
Property | 39.02 | Walgreens - NH | ||||||||
Loan | 40 | 116 University Place | 219 | 22,447 | 7,482 | 13,399 | Springing | 23,606 | Springing | |
Loan | 41 | Massman Ina Portfolio | 8,831 | Springing | 25,000 | 7,672 | ||||
Property | 41.01 | Massman Drive | ||||||||
Property | 41.02 | West Ina Road | ||||||||
Loan | 42 | Colony Retail | 33,516 | 31,526 | Springing | 2,688 | ||||
Loan | 43 | 161 Court Street | 11,583 | 3,861 | 5,169 | 1,034 | 309,087 | |||
Loan | 44 | First Colony Self Storage | 17,014 | 8,507 | 18,084 | 1,808 | ||||
Loan | 45 | I-10 & Haden Shopping Center | 1,300 | 22,310 | 7,437 | Springing | Springing | |||
Loan | 46 | South Port Apartments | 12,743 | 3,186 | 49,436 | 4,120 | 103,163 |
A-1-39
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Other | |||
Reserves | |||
Loan | ID | Property Name | Description(30) |
Loan | 1 | 3 Columbus Circle(2)(33) | Outstanding TI/LC Reserve (Upfront: 1,820,891.36); Free Rent Reserve (Upfront: 847,793.62); Young & Rubicam Reserve (Monthly Springing: Excess Cash Flow) |
Loan | 2 | 3 Park Avenue(2)(35)(36) | Unfunded Obligations Guarantee |
Loan | 3 | Saint Louis Galleria(2)(34) | Outstanding TI Reserve (Upfront: 1,593,050); Bridge Rents Reserve (Upfront: 82,295) |
Loan | 4 | ARC Apartments(2)(33) | 421(a) Reserve (Upfront: 4,872,343); Parking Equipment Funds (Upfront: 481,950); Condominium Reserve (Upfront: 38,771.81; Monthly: Springing) |
Loan | 5 | 9800 Wilshire(32) | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) |
Loan | 6 | 5202 Ben White | Seller Renovation Credit (Upfront: 8,184,013.46); Gap Rent Reserve (Upfront: $1,153,321.56); Condo Assessment Reserve (Upfront: $11,798.67; Monthly: $11,798.67) |
Loan | 7 | 101 California(2)(33)(35) | Unfunded Obligations Reserve (Upfront: 10,474,821.10); Cooley Reserve (Upfront: 10,000,000) |
Loan | 8 | Soho Beach House(2)(34)(36) | Seasonality Reserve |
Loan | 9 | Pace Gallery HQ(2) | Core and Shell Work Reserve |
Loan | 10 | AT580 Multi | Common Charges Reserve |
Loan | 11 | Tailor Lofts | |
Loan | 12 | Embassy Suites Scottsdale(34) | Seasonal Working Capital Reserve (Monthly February-May: 400,000) |
Loan | 13 | Flight(34) | Outstanding TI (Upfront: 842,417.95); Free Rent Reserve (Upfront: 113,186.75) |
Loan | 14 | The Crossing at Katy Ranch | |
Loan | 15 | Dollar General Portfolio(34) | DG Gordon Reserve (Upfront: 10,000); Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) |
Property | 15.01 | Dollar General-Afton, NY | |
Property | 15.02 | Dollar General-Rogers City, MI | |
Property | 15.03 | Dollar General-Oakman, AL | |
Property | 15.04 | Dollar General-Attalla, AL | |
Property | 15.05 | Dollar General-Greenbush, MN | |
Property | 15.06 | Dollar General-Opelika, AL | |
Property | 15.07 | Dollar General-Ishpeming, MI | |
Property | 15.08 | Dollar General-Lisman, AL | |
Property | 15.09 | Dollar General-Verbena, AL | |
Property | 15.10 | Dollar General-Appleton, MN | |
Property | 15.11 | Dollar General-New York Mills, MN | |
Property | 15.12 | Dollar General-Barry, IL | |
Property | 15.13 | Dollar General-Thomaston, AL | |
Property | 15.14 | Dollar General-Coffeen, IL | |
Property | 15.15 | Dollar General-Payson, IL | |
Property | 15.16 | Dollar General-Garden City, AL | |
Property | 15.17 | Dollar General-Red Lake Falls, MN | |
Property | 15.18 | Dollar General-West Point, IA | |
Property | 15.19 | Dollar General-Backus, MN | |
Property | 15.20 | Dollar General-Erskine, MN | |
Property | 15.21 | Dollar General-Athens, AL | |
Property | 15.22 | Dollar General-Cullman, AL | |
Property | 15.23 | Dollar General-Pellston, MI | |
A-1-40
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Other | |||
Reserves | |||
Loan | ID | Property Name | Description(30) |
Property | 15.24 | Dollar General-Clinton, AL | |
Property | 15.25 | Dollar General-Sebeka, MN | |
Property | 15.26 | Dollar General-Detroit, AL | |
Property | 15.27 | Dollar General-Larchwood, IA | |
Property | 15.28 | Dollar General-New Market, AL | |
Property | 15.29 | Dollar General-Ramer, AL | |
Property | 15.30 | Dollar General-Pansey, AL | |
Property | 15.31 | Dollar General-Pennington, AL | |
Property | 15.32 | Dollar General-Waterloo, AL | |
Property | 15.33 | Dollar General-Arab, AL | |
Loan | 16 | Tulsa Office Portfolio(2) | Unfunded Tenant Obligation Reserve |
Property | 16.01 | Exchange Tower | |
Property | 16.02 | Towne Center | |
Property | 16.03 | Two Memorial Place | |
Property | 16.04 | Triad Center I | |
Property | 16.05 | Corporate Place | |
Property | 16.06 | The 51 Yale Building | |
Property | 16.07 | Commerce Tower | |
Property | 16.08 | Riverbridge Office | |
Property | 16.09 | Three Memorial Place | |
Loan | 17 | Sharon Park Apartments | |
Loan | 18 | Spring Hollow Apartments(36) | Designated Replacement Reserve |
Loan | 19 | Atrium Two(2)(35) | Unfunded Obligations Reserve (Upfront: 946,485.90); Lease Sweep Reserve (Monthly: Springing) |
Loan | 20 | The Landing Apartments(36) | |
Loan | 21 | Union Bay Apartments(36) | Parking Reserve Funds (Upfront: 22,375.00); Commercial CapEx Reserve (Monthly: 38.77) |
Loan | 22 | Baywood San Mateo(32) | Unfunded TI Allowance Reserve |
Loan | 23 | Liberty Station Retail(2) | Outstanding TI/LC Reserve (Upfront: 970,683); Free Rent Reserve (Upfront: 231,344) |
Loan | 24 | 166 Geary Street | Outstanding Tenant Obligation Reserve |
Loan | 25 | Vie Portfolio(2) | Planned Renovation Reserve (Upfront: 7,091,943; Monthly: 50,256.67 (first 15 payments only)); Prepaid Rent Reserve (196,818); Seasonality Reserve (Upfront: 61,875; Monthly: 12,375); Condo Assessment Reserve (12,020); Pre-Leasing Reserve (Monthly: Springing) |
Property | 25.01 | University Downs | |
Property | 25.02 | Ella Lofts | |
Property | 25.03 | University View | |
Property | 25.04 | Colonie | |
Property | 25.05 | Hillcrest Oakwood | |
Property | 25.06 | Southgate | |
Loan | 26 | Roanoke Crossing Shopping Center | Taco Bueno Replacement Tenant Reserve |
A-1-41
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Other | |||
Reserves | |||
Loan | ID | Property Name | Description(30) |
Loan | 27 | Texas Marriott & Hilton Portfolio | PIP Reserve |
Property | 27.01 | Homewood Suites Brownsville | |
Property | 27.02 | Residence Inn Laredo | |
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | Condominium Assessments Reserve Fund (Upfront: 11,760; Monthly: Springing); PIP Reserves (Monthly: Springing); Extension PIP Reserve (Monthly: Springing) |
Loan | 29 | Hilton Garden Inn - Valley Forge | PIP Reserve |
Loan | 30 | AC Marriott Downtown Tucson(2) | Retail Replacement Reserve |
Loan | 31 | Atlantic Gardens | Free Rent Reserve (Upfront: 74,033); Prepaid Rent Reserve (Upfront: 33,600); Unfunded Obligations Reserve (Upfront: 240,063) |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | PIP Reserve |
Loan | 33 | Compass Self Storage PA & FL Portfolio | |
Property | 33.01 | Compass Self Storage Spring Hill | |
Property | 33.02 | Route 8 Self Storage | |
Loan | 34 | Meridian Tower | Unfunded Obligations Reserve (Upfront: 906,414.09); Chiller Replacement Reserve (Upfront: 400,000) |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | Prepaid Rent Reserve |
Property | 35.01 | 69 Clinton Street | |
Property | 35.02 | 28 East 13th Street | |
Loan | 36 | 8401 Melrose | Lease Sweep Reserve (Springing Monthly: Excess Cash Flow) |
Loan | 37 | Huntsville Self Storage Portfolio | Economic Reserve |
Property | 37.01 | Hampton Cove | |
Property | 37.02 | Safe & Secure | |
Property | 37.03 | Mt. Carmel & Bell Factory | |
Loan | 38 | Rosemont Commons Fee | |
Loan | 39 | Walgreens - MA & NH | |
Property | 39.01 | Walgreens - MA | |
Property | 39.02 | Walgreens - NH | |
Loan | 40 | 116 University Place | Condominium Assessments Reserve (Upfront: 23,606); Free Rent Reserve (Monthly: Springing); Outstanding TI Reserve (Monthly: Springing) |
Loan | 41 | Massman Ina Portfolio | Massman Monthly Rollover Reserve (Upfront: 25,000; Monthly: 2,843); Massman Monthly Capital Expenditures Reserve (Monthly: 2,986); Ina Meredith Monthly Rollover Reserve (Monthly: 1,635); Ina Meredith Monthly Capital Expenditure (Monthly: 208) |
Property | 41.01 | Massman Drive | |
Property | 41.02 | West Ina Road | |
Loan | 42 | Colony Retail | |
Loan | 43 | 161 Court Street | Free Rent Reserve |
Loan | 44 | First Colony Self Storage | |
Loan | 45 | I-10 & Haden Shopping Center | Outstanding TI Reserve (Springing); Free Rent Reserve (Springing) |
Loan | 46 | South Port Apartments |
A-1-42
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Environmental | Franchise | |||||||
Report | Engineering | Expiration | Loan | |||||
Loan | ID | Property Name | Date(32) | Report Date | PML/SEL (%) | Date | Purpose | Sponsor(26) |
Loan | 1 | 3 Columbus Circle(2)(33) | 01/22/2019 | 01/22/2019 | NAP | NAP | Refinance | Joseph Moinian |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 10/18/2018 | 10/17/2018 | NAP | NAP | Refinance | Charles Steven Cohen |
Loan | 3 | Saint Louis Galleria(2)(34) | 08/29/2018 | 08/28/2018 | NAP | NAP | Refinance | BPR OP, LP (F/K/A GGP Operating Partnership, LP) |
Loan | 4 | ARC Apartments(2)(33) | 11/19/2018 | 02/07/2019 | NAP | NAP | Refinance | Sayt Master Holdco LLC |
Loan | 5 | 9800 Wilshire(32) | 05/16/2018 | 05/16/2018 | 8.0% | NAP | Refinance | Alec E. Gores |
Loan | 6 | 5202 Ben White | 11/02/2018 | 11/05/2018 | NAP | NAP | Acquisition | Joseph J. Sitt |
Loan | 7 | 101 California(2)(33)(35) | 11/16/2018 | 11/27/2018 | 18.0% | NAP | Refinance | Hines Interests Limited Partnership |
Loan | 8 | Soho Beach House(2)(34)(36) | 11/07/2018 | 01/17/2019 | NAP | NAP | Refinance | US AcquireCo, Inc. |
Loan | 9 | Pace Gallery HQ(2) | 12/18/2018 | 12/18/2018 | NAP | NAP | Refinance | Samuel G. Weinberg |
Loan | 10 | AT580 Multi | 08/07/2018 | 08/06/2018 | NAP | NAP | Refinance | Anthony W. Birkla; David B. Anderson |
Loan | 11 | Tailor Lofts | 11/06/2018 | 11/06/2018 | NAP | NAP | Acquisition | Brian Nelson |
Loan | 12 | Embassy Suites Scottsdale(34) | 11/26/2018 | 11/26/2018 | NAP | 06/30/2036 | Refinance | Robert Gustin; Mark Snyder |
Loan | 13 | Flight(34) | 11/28/2018 | 11/27/2018 | NAP | NAP | Refinance | Kyle Zeppelin; Morton Zeppelin |
Loan | 14 | The Crossing at Katy Ranch | 01/30/2019 | 02/05/2019 | NAP | NAP | Acquisition | Tanglewood Property Group; Gulf United Investments Corporation |
Loan | 15 | Dollar General Portfolio(34) | Various | 11/15/2018 | NAP | Acquisition/Refinance | Erik Conrad | |
Property | 15.01 | Dollar General-Afton, NY | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.02 | Dollar General-Rogers City, MI | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.03 | Dollar General-Oakman, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.04 | Dollar General-Attalla, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.05 | Dollar General-Greenbush, MN | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.06 | Dollar General-Opelika, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.07 | Dollar General-Ishpeming, MI | 12/20/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.08 | Dollar General-Lisman, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.09 | Dollar General-Verbena, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.10 | Dollar General-Appleton, MN | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.11 | Dollar General-New York Mills, MN | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.12 | Dollar General-Barry, IL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.13 | Dollar General-Thomaston, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.14 | Dollar General-Coffeen, IL | 04/02/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.15 | Dollar General-Payson, IL | 05/29/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.16 | Dollar General-Garden City, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.17 | Dollar General-Red Lake Falls, MN | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.18 | Dollar General-West Point, IA | 05/18/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.19 | Dollar General-Backus, MN | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.20 | Dollar General-Erskine, MN | 11/20/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.21 | Dollar General-Athens, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.22 | Dollar General-Cullman, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.23 | Dollar General-Pellston, MI | 05/11/2018 | 11/15/2018 | NAP | NAP | ||
A-1-43
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Environmental | Franchise | |||||||
Report | Engineering | Expiration | Loan | |||||
Loan | ID | Property Name | Date(32) | Report Date | PML/SEL (%) | Date | Purpose | Sponsor(26) |
Property | 15.24 | Dollar General-Clinton, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.25 | Dollar General-Sebeka, MN | 04/25/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.26 | Dollar General-Detroit, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.27 | Dollar General-Larchwood, IA | 05/02/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.28 | Dollar General-New Market, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.29 | Dollar General-Ramer, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.30 | Dollar General-Pansey, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.31 | Dollar General-Pennington, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.32 | Dollar General-Waterloo, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Property | 15.33 | Dollar General-Arab, AL | 11/15/2018 | 11/15/2018 | NAP | NAP | ||
Loan | 16 | Tulsa Office Portfolio(2) | Various | Various | NAP | Acquisition | Raymond Massa | |
Property | 16.01 | Exchange Tower | 11/13/2018 | 11/13/2018 | NAP | NAP | ||
Property | 16.02 | Towne Center | 11/13/2018 | 11/13/2018 | NAP | NAP | ||
Property | 16.03 | Two Memorial Place | 11/13/2018 | 11/13/2018 | NAP | NAP | ||
Property | 16.04 | Triad Center I | 12/28/2018 | 12/21/2018 | NAP | NAP | ||
Property | 16.05 | Corporate Place | 11/13/2018 | 11/13/2018 | NAP | NAP | ||
Property | 16.06 | The 51 Yale Building | 11/13/2018 | 11/13/2018 | NAP | NAP | ||
Property | 16.07 | Commerce Tower | 01/17/2019 | 11/13/2018 | NAP | NAP | ||
Property | 16.08 | Riverbridge Office | 11/13/2018 | 11/13/2018 | NAP | NAP | ||
Property | 16.09 | Three Memorial Place | 11/13/2018 | 11/13/2018 | NAP | NAP | ||
Loan | 17 | Sharon Park Apartments | 01/15/2019 | 01/14/2019 | NAP | NAP | Refinance | Omid M. Bolour; Yakov Albaz |
Loan | 18 | Spring Hollow Apartments(36) | 01/03/2019 | 01/04/2019 | NAP | NAP | Acquisition | Shawn Stafford |
Loan | 19 | Atrium Two(2)(35) | 12/11/2018 | 11/02/2018 | NAP | NAP | Acquisition | Frank J. Motter; Christopher Motter; Thomas Marmaros |
Loan | 20 | The Landing Apartments(36) | 12/07/2018 | 12/10/2018 | NAP | NAP | Acquisition | Philip J. Salley |
Loan | 21 | Union Bay Apartments(36) | 12/06/2018 | 12/06/2018 | 8.0% | NAP | Refinance | The Robert and Marjorie Champion Trust |
Loan | 22 | Baywood San Mateo(32) | 01/17/2019 | 01/17/2019 | 13.0% | NAP | Refinance | Neal Yung |
Loan | 23 | Liberty Station Retail(2) | Various | 10/12/2018 | 19.0% | NAP | Acquisition | Seligman & Associates, Inc. |
Loan | 24 | 166 Geary Street | 01/18/2019 | 01/18/2019 | 22.0% | NAP | Refinance | Avy Azeroual; Reuben Robin |
Loan | 25 | Vie Portfolio(2) | Various | Various | NAP | Acquisition | Harold Rosenblum; Derrick Milam | |
Property | 25.01 | University Downs | 12/04/2018 | 12/04/2018 | NAP | NAP | ||
Property | 25.02 | Ella Lofts | 12/03/2018 | 11/26/2018 | NAP | NAP | ||
Property | 25.03 | University View | 12/03/2018 | 12/03/2018 | NAP | NAP | ||
Property | 25.04 | Colonie | 12/04/2018 | 12/01/2018 | NAP | NAP | ||
Property | 25.05 | Hillcrest Oakwood | Various | Various | NAP | NAP | ||
Property | 25.06 | Southgate | 11/30/2018 | 11/30/2018 | NAP | NAP | ||
Loan | 26 | Roanoke Crossing Shopping Center | 12/19/2018 | 12/19/2018 | NAP | NAP | Refinance | Alan C. Fox |
A-1-44
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Environmental | Franchise | |||||||
Report | Engineering | Expiration | Loan | |||||
Loan | ID | Property Name | Date(32) | Report Date | PML/SEL (%) | Date | Purpose | Sponsor(26) |
Loan | 27 | Texas Marriott & Hilton Portfolio | Various | 01/11/2019 | NAP | Acquisition/Refinance | Parminder Uppal | |
Property | 27.01 | Homewood Suites Brownsville | 01/09/2019 | 01/11/2019 | NAP | 08/31/2030 | ||
Property | 27.02 | Residence Inn Laredo | 01/08/2019 | 01/11/2019 | NAP | 02/19/2034 | ||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | 12/20/2018 | 12/19/2018 | NAP | 04/18/2024 | Refinance | Builders Acceptance Corp. |
Loan | 29 | Hilton Garden Inn - Valley Forge | 12/21/2018 | 12/20/2018 | NAP | 04/30/2030 | Refinance | Builders Acceptance Corp. |
Loan | 30 | AC Marriott Downtown Tucson(2) | 11/13/2018 | 11/07/2018 | NAP | 09/21/2047 | Refinance | David R. Dabdoub; Matthew Scott Stiteler; Paul Wilbur Chellgren |
Loan | 31 | Atlantic Gardens | 01/08/2019 | 01/08/2019 | NAP | NAP | Refinance | Joseph J. Sitt |
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | 12/23/2018 | 12/23/2018 | 10.0% | 01/17/2034 | Acquisition | Invest West Financial Corporation |
Loan | 33 | Compass Self Storage PA & FL Portfolio | Various | Various | NAP | Acquisition/Refinance | Robert J. Amsdell; Barry L. Amsdell | |
Property | 33.01 | Compass Self Storage Spring Hill | 12/17/2018 | 12/17/2018 | NAP | NAP | ||
Property | 33.02 | Route 8 Self Storage | 12/05/2018 | 12/05/2018 | NAP | NAP | ||
Loan | 34 | Meridian Tower | 11/14/2018 | 11/19/2018 | NAP | NAP | Refinance | Thomas Marmaros |
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | 01/21/2019 | 01/22/2019 | NAP | Refinance | Mitchell Kahn; Martin Schwartz | |
Property | 35.01 | 69 Clinton Street | 01/21/2019 | 01/22/2019 | NAP | NAP | ||
Property | 35.02 | 28 East 13th Street | 01/21/2019 | 01/22/2019 | NAP | NAP | ||
Loan | 36 | 8401 Melrose | 12/17/2018 | 12/18/2018 | 22.0% | NAP | Refinance | Jamshid Shabani |
Loan | 37 | Huntsville Self Storage Portfolio | Various | Various | NAP | Acquisition | George Thacker; Lawrence Charles Kaplan; Richard Schontz | |
Property | 37.01 | Hampton Cove | 12/28/2018 | 01/04/2019 | NAP | NAP | ||
Property | 37.02 | Safe & Secure | 01/02/2019 | 01/05/2019 | NAP | NAP | ||
Property | 37.03 | Mt. Carmel & Bell Factory | 12/27/2018 | 01/07/2019 | NAP | NAP | ||
Loan | 38 | Rosemont Commons Fee | 01/17/2019 | 01/14/2019 | NAP | NAP | Acquisition | Kawa Capital Partners LLC |
Loan | 39 | Walgreens - MA & NH | Various | Various | NAP | Acquisition | Conthur Holdings II, LLC | |
Property | 39.01 | Walgreens - MA | 12/31/2018 | 12/31/2018 | NAP | NAP | ||
Property | 39.02 | Walgreens - NH | 12/27/2018 | 12/27/2018 | NAP | NAP | ||
Loan | 40 | 116 University Place | 10/23/2018 | 10/23/2018 | NAP | NAP | Refinance | Charles Dubroff |
Loan | 41 | Massman Ina Portfolio | Various | Various | NAP | Recapitalization | Kenneth Levy | |
Property | 41.01 | Massman Drive | 12/20/2018 | 12/20/2018 | NAP | NAP | ||
Property | 41.02 | West Ina Road | 12/18/2018 | 12/18/2018 | NAP | NAP | ||
Loan | 42 | Colony Retail | 01/08/2019 | 01/08/2019 | NAP | NAP | Acquisition | Hartman Short Term Income Properties XX, Inc. |
Loan | 43 | 161 Court Street | 12/28/2018 | 01/02/2019 | NAP | NAP | Refinance | Eli Hamway |
Loan | 44 | First Colony Self Storage | 01/16/2019 | 01/16/2019 | NAP | NAP | Refinance | Richard A. Graham, Jr. |
Loan | 45 | I-10 & Haden Shopping Center | 01/22/2019 | 01/23/2019 | NAP | NAP | Acquisition | Tony Ta; Thao Vu |
Loan | 46 | South Port Apartments | 12/19/2018 | 12/19/2018 | NAP | NAP | Refinance | Joseph P. Sullivan; Martin J. Ford; Stephen M. Stewart |
A-1-45
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan | ID | Property Name | Guarantor | Previous Securitization | Non-Trust Pari Passu Original Balance |
Non-Trust Pari Passu Cut-off Date Balance |
Loan | 1 | 3 Columbus Circle(2)(33) | Joseph Moinian | CGCMT 2015-GC29 | 415,000,000 | 415,000,000 |
Loan | 2 | 3 Park Avenue(2)(35)(36) | Charles Steven Cohen | 122,000,000 | 122,000,000 | |
Loan | 3 | Saint Louis Galleria(2)(34) | BPR OP, LP (F/K/A GGP Operating Partnership, LP) | COMM 2014-CCRE14 | 180,000,000 | 180,000,000 |
Loan | 4 | ARC Apartments(2)(33) | Sayt Master Holdco LLC | 35,000,000 | 35,000,000 | |
Loan | 5 | 9800 Wilshire(32) | Alec E. Gores | MSBAM 2014-C18 | ||
Loan | 6 | 5202 Ben White | Joseph J. Sitt | |||
Loan | 7 | 101 California(2)(33)(35) | NAP | 487,000,000 | 487,000,000 | |
Loan | 8 | Soho Beach House(2)(34)(36) | US AcquireCo, Inc. | WFCM 2014-LC16 | 15,000,000 | 15,000,000 |
Loan | 9 | Pace Gallery HQ(2) | Samuel G. Weinberg | 50,000,000 | 50,000,000 | |
Loan | 10 | AT580 Multi | Anthony W. Birkla; David B. Anderson | |||
Loan | 11 | Tailor Lofts | Brian Nelson | |||
Loan | 12 | Embassy Suites Scottsdale(34) | Robert Gustin; Mark Snyder | PFP 2015-2 | ||
Loan | 13 | Flight(34) | Kyle Zeppelin; Morton Zeppelin | |||
Loan | 14 | The Crossing at Katy Ranch | Gulf United Investments Corporation | |||
Loan | 15 | Dollar General Portfolio(34) | Erik Conrad | |||
Property | 15.01 | Dollar General-Afton, NY | ||||
Property | 15.02 | Dollar General-Rogers City, MI | ||||
Property | 15.03 | Dollar General-Oakman, AL | ||||
Property | 15.04 | Dollar General-Attalla, AL | ||||
Property | 15.05 | Dollar General-Greenbush, MN | ||||
Property | 15.06 | Dollar General-Opelika, AL | ||||
Property | 15.07 | Dollar General-Ishpeming, MI | ||||
Property | 15.08 | Dollar General-Lisman, AL | ||||
Property | 15.09 | Dollar General-Verbena, AL | ||||
Property | 15.10 | Dollar General-Appleton, MN | ||||
Property | 15.11 | Dollar General-New York Mills, MN | ||||
Property | 15.12 | Dollar General-Barry, IL | ||||
Property | 15.13 | Dollar General-Thomaston, AL | ||||
Property | 15.14 | Dollar General-Coffeen, IL | ||||
Property | 15.15 | Dollar General-Payson, IL | ||||
Property | 15.16 | Dollar General-Garden City, AL | ||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | ||||
Property | 15.18 | Dollar General-West Point, IA | ||||
Property | 15.19 | Dollar General-Backus, MN | ||||
Property | 15.20 | Dollar General-Erskine, MN | ||||
Property | 15.21 | Dollar General-Athens, AL | ||||
Property | 15.22 | Dollar General-Cullman, AL | ||||
Property | 15.23 | Dollar General-Pellston, MI |
A-1-46
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan | ID | Property Name | Guarantor | Previous Securitization | Non-Trust Pari Passu Original Balance |
Non-Trust Pari Passu Cut-off Date Balance |
Property | 15.24 | Dollar General-Clinton, AL | ||||
Property | 15.25 | Dollar General-Sebeka, MN | ||||
Property | 15.26 | Dollar General-Detroit, AL | ||||
Property | 15.27 | Dollar General-Larchwood, IA | ||||
Property | 15.28 | Dollar General-New Market, AL | ||||
Property | 15.29 | Dollar General-Ramer, AL | ||||
Property | 15.30 | Dollar General-Pansey, AL | ||||
Property | 15.31 | Dollar General-Pennington, AL | ||||
Property | 15.32 | Dollar General-Waterloo, AL | ||||
Property | 15.33 | Dollar General-Arab, AL | ||||
Loan | 16 | Tulsa Office Portfolio(2) | Raymond Massa | 20,000,000 | 19,979,976 | |
Property | 16.01 | Exchange Tower | 4,838,213 | 4,833,369 | ||
Property | 16.02 | Towne Center | 3,759,630 | 3,755,866 | ||
Property | 16.03 | Two Memorial Place | 3,266,564 | 3,263,293 | ||
Property | 16.04 | Triad Center I | 1,664,099 | 1,662,433 | ||
Property | 16.05 | Corporate Place | 1,664,099 | 1,662,433 | ||
Property | 16.06 | The 51 Yale Building | 1,633,282 | 1,631,647 | ||
Property | 16.07 | Commerce Tower | 1,325,116 | 1,323,789 | ||
Property | 16.08 | Riverbridge Office | 1,016,949 | 1,015,931 | ||
Property | 16.09 | Three Memorial Place | 832,049 | 831,216 | ||
Loan | 17 | Sharon Park Apartments | Omid M. Bolour; Yakov Albaz | WFRBS 2014-C25 | ||
Loan | 18 | Spring Hollow Apartments(36) | Shawn Stafford | |||
Loan | 19 | Atrium Two(2)(35) | Frank J. Motter; Christopher Motter; Thomas Marmaros | 30,000,000 | 30,000,000 | |
Loan | 20 | The Landing Apartments(36) | Philip J. Salley | |||
Loan | 21 | Union Bay Apartments(36) | The Robert and Marjorie Champion Trust | |||
Loan | 22 | Baywood San Mateo(32) | Neal Yung | |||
Loan | 23 | Liberty Station Retail(2) | Seligman & Associates, Inc. | 97,000,000 | 97,000,000 | |
Loan | 24 | 166 Geary Street | Avy Azeroual; Reuben Robin | |||
Loan | 25 | Vie Portfolio(2) | Harold Rosenblum; Derrick Milam | 57,885,000 | 57,885,000 | |
Property | 25.01 | University Downs | 15,748,774 | 15,748,774 | ||
Property | 25.02 | Ella Lofts | 11,548,589 | 11,548,589 | ||
Property | 25.03 | University View | 11,018,767 | 11,018,767 | ||
Property | 25.04 | Colonie | 7,298,493 | 7,298,493 | ||
Property | 25.05 | Hillcrest Oakwood | 7,233,225 | 7,233,225 | ||
Property | 25.06 | Southgate | 5,037,151 | 5,037,151 | ||
Loan | 26 | Roanoke Crossing Shopping Center | Alan C. Fox |
A-1-47
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan | ID | Property Name | Guarantor | Previous Securitization | Non-Trust Pari Passu Original Balance |
Non-Trust Pari Passu Cut-off Date Balance |
Loan | 27 | Texas Marriott & Hilton Portfolio | Parminder Uppal | |||
Property | 27.01 | Homewood Suites Brownsville | CSAIL 2015-C4 | |||
Property | 27.02 | Residence Inn Laredo | BX 2017-APPL | |||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | Builders Acceptance Corp. | |||
Loan | 29 | Hilton Garden Inn - Valley Forge | Builders Acceptance Corp. | |||
Loan | 30 | AC Marriott Downtown Tucson(2) | David R. Dabdoub; Matthew Scott Stiteler; Paul Wilbur Chellgren | 25,000,000 | 25,000,000 | |
Loan | 31 | Atlantic Gardens | Joseph J. Sitt | |||
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | Invest West Financial Corporation | WFRBS 2014-C22 | ||
Loan | 33 | Compass Self Storage PA & FL Portfolio | Robert J. Amsdell; Barry L. Amsdell | |||
Property | 33.01 | Compass Self Storage Spring Hill | GSMS 2014-GC20 | |||
Property | 33.02 | Route 8 Self Storage | ||||
Loan | 34 | Meridian Tower | Thomas Marmaros | |||
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | Mitchell Kahn; Martin Schwartz | |||
Property | 35.01 | 69 Clinton Street | ||||
Property | 35.02 | 28 East 13th Street | ||||
Loan | 36 | 8401 Melrose | NAP | |||
Loan | 37 | Huntsville Self Storage Portfolio | George Thacker; Lawrence Charles Kaplan; Richard Schontz | |||
Property | 37.01 | Hampton Cove | ||||
Property | 37.02 | Safe & Secure | ||||
Property | 37.03 | Mt. Carmel & Bell Factory | ||||
Loan | 38 | Rosemont Commons Fee | Kawa Capital Partners LLC | |||
Loan | 39 | Walgreens - MA & NH | Conthur Holdings II, LLC | |||
Property | 39.01 | Walgreens - MA | ||||
Property | 39.02 | Walgreens - NH | ||||
Loan | 40 | 116 University Place | Charles Dubroff | |||
Loan | 41 | Massman Ina Portfolio | Kenneth Levy | |||
Property | 41.01 | Massman Drive | ||||
Property | 41.02 | West Ina Road | ||||
Loan | 42 | Colony Retail | Hartman Short Term Income Properties XX, Inc. | |||
Loan | 43 | 161 Court Street | Eli Hamway | |||
Loan | 44 | First Colony Self Storage | Richard A. Graham, Jr. | WFRBS 2011-C3 | ||
Loan | 45 | I-10 & Haden Shopping Center | Tony Ta; Thao Vu | |||
Loan | 46 | South Port Apartments | Joseph P. Sullivan; Martin J. Ford; Stephen M. Stewart |
A-1-48
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan | ID | Property Name | Non-Trust
Pari Passu Balloon Balance |
Existing Additional Sub Debt Amount |
Existing
Additional Sub Debt Description |
Future Debt Permitted Type |
Loan | 1 | 3 Columbus Circle(2)(33) | 415,000,000 | 105,000,000 | B Notes | NAP |
Loan | 2 | 3 Park Avenue(2)(35)(36) | 122,000,000 | None | Mezzanine | |
Loan | 3 | Saint Louis Galleria(2)(34) | 164,016,873 | 23,466,243 | Mezzanine Debt | NAP |
Loan | 4 | ARC Apartments(2)(33) | 35,000,000 | 92,000,000 | $47,000,000 A2; $45,000,000 B Note | NAP |
Loan | 5 | 9800 Wilshire(32) | None | NAP | ||
Loan | 6 | 5202 Ben White | None | NAP | ||
Loan | 7 | 101 California(2)(33)(35) | 487,000,000 | 228,000,000 | B Notes | Mezzanine |
Loan | 8 | Soho Beach House(2)(34)(36) | 15,000,000 | 62,000,000 | Mezzanine Debt | NAP |
Loan | 9 | Pace Gallery HQ(2) | 50,000,000 | None | NAP | |
Loan | 10 | AT580 Multi | None | NAP | ||
Loan | 11 | Tailor Lofts | None | NAP | ||
Loan | 12 | Embassy Suites Scottsdale(34) | 5,000,000 | Mezzanine Debt | NAP | |
Loan | 13 | Flight(34) | 11,694,750 | Mezzanine Debt | NAP | |
Loan | 14 | The Crossing at Katy Ranch | None | NAP | ||
Loan | 15 | Dollar General Portfolio(34) | 3,500,000 | Mezzanine Debt | NAP | |
Property | 15.01 | Dollar General-Afton, NY | ||||
Property | 15.02 | Dollar General-Rogers City, MI | ||||
Property | 15.03 | Dollar General-Oakman, AL | ||||
Property | 15.04 | Dollar General-Attalla, AL | ||||
Property | 15.05 | Dollar General-Greenbush, MN | ||||
Property | 15.06 | Dollar General-Opelika, AL | ||||
Property | 15.07 | Dollar General-Ishpeming, MI | ||||
Property | 15.08 | Dollar General-Lisman, AL | ||||
Property | 15.09 | Dollar General-Verbena, AL | ||||
Property | 15.10 | Dollar General-Appleton, MN | ||||
Property | 15.11 | Dollar General-New York Mills, MN | ||||
Property | 15.12 | Dollar General-Barry, IL | ||||
Property | 15.13 | Dollar General-Thomaston, AL | ||||
Property | 15.14 | Dollar General-Coffeen, IL | ||||
Property | 15.15 | Dollar General-Payson, IL | ||||
Property | 15.16 | Dollar General-Garden City, AL | ||||
Property | 15.17 | Dollar General-Red Lake Falls, MN | ||||
Property | 15.18 | Dollar General-West Point, IA | ||||
Property | 15.19 | Dollar General-Backus, MN | ||||
Property | 15.20 | Dollar General-Erskine, MN | ||||
Property | 15.21 | Dollar General-Athens, AL | ||||
Property | 15.22 | Dollar General-Cullman, AL | ||||
Property | 15.23 | Dollar General-Pellston, MI | ||||
A-1-49
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan | ID | Property Name | Non-Trust
Pari Passu Balloon Balance |
Existing Additional Sub Debt Amount | Existing
Additional Sub Debt Description |
Future Debt Permitted Type |
Property | 15.24 | Dollar General-Clinton, AL | ||||
Property | 15.25 | Dollar General-Sebeka, MN | ||||
Property | 15.26 | Dollar General-Detroit, AL | ||||
Property | 15.27 | Dollar General-Larchwood, IA | ||||
Property | 15.28 | Dollar General-New Market, AL | ||||
Property | 15.29 | Dollar General-Ramer, AL | ||||
Property | 15.30 | Dollar General-Pansey, AL | ||||
Property | 15.31 | Dollar General-Pennington, AL | ||||
Property | 15.32 | Dollar General-Waterloo, AL | ||||
Property | 15.33 | Dollar General-Arab, AL | ||||
Loan | 16 | Tulsa Office Portfolio(2) | 16,580,894 | None | NAP | |
Property | 16.01 | Exchange Tower | 4,011,095 | |||
Property | 16.02 | Towne Center | 3,116,902 | |||
Property | 16.03 | Two Memorial Place | 2,708,128 | |||
Property | 16.04 | Triad Center I | 1,379,612 | |||
Property | 16.05 | Corporate Place | 1,379,612 | |||
Property | 16.06 | The 51 Yale Building | 1,354,064 | |||
Property | 16.07 | Commerce Tower | 1,098,580 | |||
Property | 16.08 | Riverbridge Office | 843,096 | |||
Property | 16.09 | Three Memorial Place | 689,806 | |||
Loan | 17 | Sharon Park Apartments | None | NAP | ||
Loan | 18 | Spring Hollow Apartments(36) | None | NAP | ||
Loan | 19 | Atrium Two(2)(35) | 25,374,519 | None | PACE Loan | |
Loan | 20 | The Landing Apartments(36) | None | NAP | ||
Loan | 21 | Union Bay Apartments(36) | None | NAP | ||
Loan | 22 | Baywood San Mateo(32) | None | NAP | ||
Loan | 23 | Liberty Station Retail(2) | 97,000,000 | None | NAP | |
Loan | 24 | 166 Geary Street | None | NAP | ||
Loan | 25 | Vie Portfolio(2) | 57,885,000 | None | NAP | |
Property | 25.01 | University Downs | 15,748,774 | |||
Property | 25.02 | Ella Lofts | 11,548,589 | |||
Property | 25.03 | University View | 11,018,767 | |||
Property | 25.04 | Colonie | 7,298,493 | |||
Property | 25.05 | Hillcrest Oakwood | 7,233,225 | |||
Property | 25.06 | Southgate | 5,037,151 | |||
Loan | 26 | Roanoke Crossing Shopping Center | None | NAP | ||
A-1-50
Benchmark 2019-B10 ANNEX A-1
CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan | ID | Property Name | Non-Trust
Pari Passu Balloon Balance |
Existing Additional Sub Debt Amount |
Existing
Additional Sub Debt Description |
Future Debt Permitted Type |
Loan | 27 | Texas Marriott & Hilton Portfolio | None | NAP | ||
Property | 27.01 | Homewood Suites Brownsville | ||||
Property | 27.02 | Residence Inn Laredo | ||||
Loan | 28 | Homewood Suites Philadelphia - Valley Forge | None | NAP | ||
Loan | 29 | Hilton Garden Inn - Valley Forge | None | NAP | ||
Loan | 30 | AC Marriott Downtown Tucson(2) | 22,310,373 | None | NAP | |
Loan | 31 | Atlantic Gardens | None | NAP | ||
Loan | 32 | Residence Inn Anaheim Hills Yorba Linda(35) | None | Mezzanine | ||
Loan | 33 | Compass Self Storage PA & FL Portfolio | None | NAP | ||
Property | 33.01 | Compass Self Storage Spring Hill | ||||
Property | 33.02 | Route 8 Self Storage | ||||
Loan | 34 | Meridian Tower | None | NAP | ||
Loan | 35 | 69 Clinton & 28 East 13th Street Portfolio | None | NAP | ||
Property | 35.01 | 69 Clinton Street | ||||
Property | 35.02 | 28 East 13th Street | ||||
Loan | 36 | 8401 Melrose | None | NAP | ||
Loan | 37 | Huntsville Self Storage Portfolio | None | NAP | ||
Property | 37.01 | Hampton Cove | ||||
Property | 37.02 | Safe & Secure | ||||
Property | 37.03 | Mt. Carmel & Bell Factory | ||||
Loan | 38 | Rosemont Commons Fee | None | NAP | ||
Loan | 39 | Walgreens - MA & NH | None | NAP | ||
Property | 39.01 | Walgreens - MA | ||||
Property | 39.02 | Walgreens - NH | ||||
Loan | 40 | 116 University Place | None | NAP | ||
Loan | 41 | Massman Ina Portfolio | None | NAP | ||
Property | 41.01 | Massman Drive | ||||
Property | 41.02 | West Ina Road | ||||
Loan | 42 | Colony Retail | None | NAP | ||
Loan | 43 | 161 Court Street | None | NAP | ||
Loan | 44 | First Colony Self Storage | None | NAP | ||
Loan | 45 | I-10 & Haden Shopping Center | None | NAP | ||
Loan | 46 | South Port Apartments | None | NAP |
A-1-51
Benchmark 2019-B10
FOOTNOTES TO ANNEX A-1
(1) | GACC—German American Capital Corporation or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates. |
(2) | With respect to the pari passu loans referenced below, 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/Beds) ($) 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 mezzanine debt and, in the case of any loans structured with A/B Notes, the secured subordinate debt. For additional information see “Description of the Mortgage Pool – The Whole Loans – General – Whole Loan Control Notes and Non-Control Notes” in this Preliminary Prospectus. |
● Loan No. 1 – 3 Columbus Circle
● Loan No. 2 – 3 Park Avenue
● Loan No. 3 – Saint Louis Galleria
● Loan No. 4 – ARC Apartments
● Loan No. 7 – 101 California
● Loan No. 8 – Soho Beach House
● Loan No. 9 – Pace Gallery HQ
● Loan No. 16 – Tulsa Office Portfolio
● Loan No. 19 – Atrium Two
● Loan No. 23 – Liberty Station Retail
● Loan No. 25 – Vie Portfolio
● Loan No. 30 – AC Marriott Downtown Tucson
(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 related to such Mortgaged Property. |
Loan No. 39 – Walgreens - MA & NH – The borrower was not required at origination to provide separate values for the Original Balance ($) and the Cut off Date Balance ($) of the individual Mortgaged Properties because the Mortgage Loan does not permit partial release of the individual Mortgaged Properties. The Original Balance ($) and the Cut off Date Balance ($) of each individual Mortgaged Property represent the product of (i) (A) the Appraised Value ($) of the applicable individual Mortgaged Property divided by (B) the Appraised Value ($) of the aggregate Mortgaged Properties, and (ii) the aggregate Original Balance ($) or Cut off Date Balance ($), as applicable, of the Mortgage Loan.
(4) |
Office | Retail | Multifamily | Hospitality | |||||||||||
Total | ||||||||||||||
Loan | NRA | NRA | % of | NRA | % of | % of | % of | |||||||
No. | Mortgage Loan | (sq. ft.) | (sq. ft.) | Occ. | GPR | (sq. ft.) | Occ. | GPR | Units | Occ. | GPR | Rooms | Occ. | GPR |
1 | 3 Columbus Circle(1) | 753,713 | 674,007 | 96.9% | 66.4% | 74,701 | 100.0% | 27.7% | ||||||
8 | Soho Beach House(2) | 101,933 | 49 | 90.2% | 18.1% | |||||||||
9 | Pace Gallery HQ(3) | 74,563 | 74,563 | 100.0% | 100.0% | |||||||||
22 | Baywood San Mateo | 25,506 | 21,442 | 100.0% | 89.4% | 4,064 | 100.0% | 10.6% | ||||||
23 | Liberty Station Retail | 327,704 | 45,912 | 91.1% | 16.2% | 281,792 | 92.6% | 83.8% | ||||||
31 | Atlantic Gardens | 30,677 | 14,177 | 92.8% | 53.6% | 24 | 100.0% | 46.4% | ||||||
35 | 69 Clinton & 28 East 13th Street Portfolio | 9,676 | 2,824 | 100.0% | 40.6% | 18 | 94.4% | 59.4% | ||||||
43 | 161 Court Street | 7,700 | 3,200 | 100.0% | 62.8% | 3 | 100.0% | 37.2% |
(1) | Total NRA (sq. ft.) for 3 Columbus Circle Property includes 4,687 sq. ft. or storage space and 218 sq. ft. of telecom space. |
(2) | Total revenue at the Soho Beach House Property consists of five main components: food and beverage (49.0% of U/W Revenues), membership sales (23.6% of U/W Revenues), guestroom revenue (18.1% of U/W Revenues), parking and other sales (5.9% of U/W Revenues) and spa sales (3.4% of U/W Revenues). |
(3) | The sole tenant, The Pace Gallery LLC, occupies 100.0% of the total NRA at the Mortgaged Property and utilizes the space as both office and gallery space. |
Loan No. 10 – AT580 Multi – The Mortgaged Property includes 179 rentable units and one model unit. Most Recent Occupancy does not account for the model unit in its denominator.
Loan No. 30 – AC Marriott Downtown Tucson – The Mortgaged Property is comprised of hotel, retail and parking parcels. These components generate 71.0%, 7.8% and 5.1% of Most Recent EGI ($) respectively. The remainder of the revenue is generated by rebatements of sales tax income, which rebatements (i) in the case of the Rio Nuevo Multipurpose Facilities District, a special taxing district of the State of Arizona, are capped at an amount in the aggregate equal to the lesser of (A) the sum of (i) $4.3 million plus (ii) the costs incurred by the Mortgagor to renovate, refurbish and improve the retail portion of the Mortgaged Property and (B) $7.75 million, and (ii) in the case of the City of Tucson, is scheduled to expire in July 2025. The Units, Rooms, SF and Occupancy (%) relate to the hotel portion of the Mortgaged Property only.
Loan No. 36 – 8401 Melrose – The Mortgaged Property is 100.0% leased to retail tenants Marc Jacobs and Plus 2 West Zero. In addition, approximately 7.3% of Underwritten EGI ($) income is generated through a billboard leased to Van Wagner through 2022.
(5) | Loan No. 23 – Liberty Station Retail – The Mortgaged Property is situated within a site that previously served as a naval training center, which was subsequently redeveloped pursuant to a site plan approval by the City of San Diego. The site plan approval and certain Declaration of Covenants, Conditions, Restrictions and Reservation of Easements to which the Mortgaged Property are subject require that the Mortgaged Property be used in accordance with the aforementioned site plan approval and restrict the use of certain portions |
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of the Mortgaged Property. For additional information, see “Description of the Mortgage Pool—Use Restrictions” in this Preliminary Prospectus.
Loan No. 26 – Roanoke Crossing Shopping Center – The Mortgaged Property is subject to a certain Amended and Restated Reciprocal Easement and Operation Agreement recorded on April 21, 2003, in the official records of Denton County, State of Texas, as amended, pursuant to which no portion of the Mortgaged Property may be used as a health spa or exercise facility. The 3rd Largest Tenant at the Mortgaged Property is Anytime Fitness. For additional information, see “Description of the Mortgage Pool—Use Restrictions” in this Preliminary Prospectus.
(6) | Loan No. 15 – Dollar General Portfolio – The related Mortgage Loan has an anticipated repayment date of January 6, 2029 (the “Anticipated Repayment Date” or “ARD”) and a Final Maturity Date of January 6, 2033. From and after the Anticipated Repayment Date, the related Mortgage Loan accrues interest at a rate that is equal to the greatest of (i) 5.15746575% plus 3.00000% and (ii) the 10-year swap yield as of the ARD plus 5.03800% per annum. Commencing on February 6, 2029 and on each payment date until the final maturity date, the related Mortgage Loan requires monthly payments of all excess cash flow for the preceding month after the payment of reserves, interest calculated at the initial Interest Rate, operating expenses and mezzanine debt service to be applied (i) first to the reduction of the principal balance of the related Mortgage Loan until repaid in full and (ii) second, after the Anticipated Repayment Date, to the payment of accrued interest on the related Mortgage Loan at the excess of the increased interest rate over the initial Interest Rate. |
(7) | The Administrative Cost 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, EU reporting administrator 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. See “Summary of Terms – Offered Certificates – Servicing and Administration Fees – Non-Serviced Whole Loans” in this Preliminary Prospectus. |
(8) | Loan No. 3 – Saint Louis Galleria – The Underwritten NOI DSCR and Underwritten NCF DSCR are calculated using the sum of interest and principal payments over the first 12 months of the loan term following the interest only period based on the assumed principal payment schedule. For more information, please reference “Annex G – Saint Louis Galleria Assumed Principal Payment Schedule” in this Preliminary Prospectus. |
Loan No. 15 – Dollar General Portfolio – The Underwritten NOI DSCR and Underwritten NCF DSCR are calculated using the sum of interest and principal payments over the first 12 months of the loan term following the interest only period, based on the assumed principal payment schedule. For more information, please reference “Annex H – Dollar General Portfolio Assumed Principal Payment Schedule” in this Preliminary Prospectus.
(9) | Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) except as described above for loans with planned amortization, 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 ($), the average of such interest only payments) without regard to leap year adjustments. |
(10) | Loan No. 37 – Huntsville Self Storage Portfolio – The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated based on the Cut-off Date Balance ($), net of a $400,000 economic reserve. The economic reserve will be disbursed upon satisfaction of the requirements in the Mortgage Loan documents, which include but are not limited to, (i) no event of default has occurred and is continuing and, (ii) the lender has received evidence that the debt yield equals or exceeds 8.75%. The Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the full Cut-off Date Balance ($) of $11,600,000 are 59.0%, 8.7% and 8.3%, respectively. |
(11) | 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. |
(12) | ”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 Mortgage Loan Documents). |
(13) | With respect to the loans referenced below structured with A/B Notes, 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/Beds) ($) calculations exclude the subordinate secured debt. |
● Loan No. 1 – 3 Columbus Circle
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● Loan No. 4 – ARC Apartments
● Loan No. 7 – 101 California
(14) | Loan No. 1 – 3 Columbus Circle – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to recent leasing and contractual rent steps at the Mortgaged Property. |
Loan No. 2 – 3 Park Avenue - The increase from Most Recent NOI ($) to Underwritten NOI ($) was primarily due to five tenants executing leases since January 2018 for a total of $2,607,244. This is comprised of Merus Global Investments (lease start: January 12, 2018; underwritten base rent: $546,084), Robert Burke Associates (lease start: February 1, 2018; underwritten base rent: $20,410), Nicolas P. Chiara & Co., Inc. (lease start: June 1, 2018; underwritten base rent: $185,250), Scarinci & Hollenback (lease start: June 20, 2018; underwritten base rent: $372,000) and Zeta Global Holding Corp. (lease start: February 1, 2019; underwritten base rent: $1,483,500).
Loan No. 4 – ARC Apartments – The difference between Most Recent NOI ($) and Underwritten NOI ($) is primarily attributable to an increase in occupancy for the residential portion of the Mortgaged Property from 72.5% (average for 2018) to 100.0% as of December 31, 2018 and increased income from parking. Through December 2018, residents paid $195 per month per space, while non-residents paid $275. Starting in January 2019, residents were charged $275 per month per space.
Loan No. 6 – 5202 Ben White – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to new leasing at the Mortgaged Property following the gut renovation completed between 2017 and 2019 with the first tenant taking occupancy in December 2017. All outstanding free rent, gap rent and unfunded landlord obligations were reserved by the lender at origination.
Loan No. 7 – 101 California – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to recent leasing and contractual rent steps at the Mortgaged Property.
Loan No. 10 – AT580 Multi – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to the lease up and stabilization of the occupancy at the Mortgaged Property, which was developed and began lease up in August 2017.
Loan No. 16 – Tulsa Office Portfolio – The difference between Most Recent NOI ($) and Underwritten NOI ($) is primarily due to recently executed leases at the Mortgaged Property. Thirteen leases commenced between July 1, 2018 and December 31, 2018 accounting, for 43,756 sq. ft. and $785,036 of underwritten base rent. Five leases commenced between January 1, 2019 and May 1, 2019, accounting for 26,226 sq. ft. and $580,593 of underwritten base rent. Underwritten NOI ($) also includes $341,436 of contractual rent steps at the Mortgaged Property.
Loan No. 19 – Atrium Two – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase from Most Recent NOI ($) to Underwritten NOI ($) is because the Most Recent NOI ($) figure does not reflect the full year, but rather the annualized year to date September 30, 2018 cash flows at the Mortgaged Property.
Loan No. 20 – The Landing Apartments – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to the lease up and stabilization of the occupancy at the Mortgaged Property, which was developed and began lease up after June 2017, reaching stabilization by August 2018, according to the appraisal.
Loan No. 21 – Union Bay Apartments – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to the increased rental income following the $3,077,409 ($41,587 per unit) renovation at the Mortgaged Property completed in 2017. The renovation included upgrades that include but are not limited to new cabinetry and countertops, floor coverings (carpet and vinyl plank), kitchen appliances, plumbing fixtures, electric heating, painting and window coverings. Also, part of the renovation was the addition of a ground level studio unit.
Loan No. 24 – 166 Geary Street – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to recent leasing at the Mortgaged Property.
Loan No. 25 – Vie Portfolio – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to recent leasing at the Mortgaged Properties.
Loan No. 34 – Meridian Tower – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to new leasing at the Mortgaged Property following the June 2017 acquisition by the borrower sponsor. Since June 2017, six new leases, for a total of 35,472 sq. ft. (24.8% of NRA and 22.2% of gross potential rent) were signed at the Mortgaged Property.
(15) | 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. 26 – Roanoke Crossing Shopping Center – The Mortgage Loan documents provide the borrower with a grace period of five
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days for any payments due on a payment date. Such grace period applies to late charge payment as well as an event of default triggered under the Mortgage Loan documents by such failure to make payments on a payment date.
(16) | In certain cases, in addition to an “as-is” value, the appraisal states an “as complete” or “as-stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value set forth on Annex A-1 is the “as-is” value unless otherwise specified in this Preliminary Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the respective Cut-off Date LTV Ratio was calculated using the related “as complete”, “as-stabilized” or “hypothetical” Appraised Values, as opposed to the “as-is” Appraised Values, each as set forth in the following table: |
Cut-off Date | ||||||||||||
Loan | % of Initial Pool | LTV Ratio | Appraised Value | Cut-off Date LTV | Appraised | |||||||
No. | Mortgage Loan Name | Balance | (Other Than As-Is) | (Other Than As-Is) | Ratio (“As-Is”) | Value (“As-Is”) | ||||||
4 | ARC Apartments(1) | 5.2% | N/A | N/A | 32.0% | $297,000,000 | ||||||
5 | 9800 Wilshire(2) | 4.8% | 53.2% | $103,400,000 | 60.4% | $91,100,000 | ||||||
6 | 5202 Ben White(3) | 3.7% | 62.8% | $68,500,000 | 64.1% | $67,100,000 | ||||||
9 | Pace Gallery HQ(4) | 3.5% | 50.0% | $180,000,000 | 52.9% | $170,000,000 | ||||||
10 | AT580 Multi(5) | 3.3% | 74.3% | $51,800,000 | 74.3% | $51,800,000 | ||||||
18 | Spring Hollow Apartments(6) | 2.3% | 70.1% | $38,500,000 | 82.6% | $32,700,000 | ||||||
24 | 166 Geary Street(7) | 1.7% | 73.6% | $25,800,000 | 80.9% | $23,500,000 | ||||||
26 | Roanoke Crossing Shopping Center(8) | 1.4% | N/A | N/A | 66.6% | $24,900,000 | ||||||
30 | AC Marriott Downtown Tucson(9) | 1.3% | 67.3% | $59,420,000 | 81.7% | $48,950,000 | ||||||
31 | Atlantic Gardens(10) | 1.3% | 54.3% | $27,600,000 | 61.7% | $24,300,000 | ||||||
34 | Meridian Tower(11) | 1.1% | 73.3% | $18,000,000 | 84.1% | $15,700,000 | ||||||
27.02 | Texas Marriott & Hilton Portfolio - Residence Inn Laredo(12) | 0.7% | 68.0% | $12,100,000 | 75.2% | $9,800,000 | ||||||
(1) ARC Apartments - The Appraised Value (“As-Is”) includes $55.5 million identified as the present value of the anticipated 421(a) tax abatement which is expected to begin in July 2019.
(2) 9800 Wilshire - The Appraised Value (Other than As-Is) reflects the “Hypothetical Value With The Gores Group Master Lease” which assumes that The Gores Group master lease amendment is executed, which was completed in January 2019. The appraiser also determined a Dark Value of $81.1 million, which results in a 67.8% loan-to-dark-value.
(3) 5202 Ben White - The Appraised Value (Other than As-Is) reflects the “As Stabilized” value which assumes the Mortgaged Property immediately reaches stabilization upon completion of outstanding tenant improvements and all tenants are in place and paying rent. The Largest Tenant, City of Austin, which represents 80.4% of NRA and 85.7% of underwritten base rent, has three leases at the Mortgaged Property, pursuant to two of which leases (representing 56.1% of NRA and 60.8% of underwritten base rent), rent commences only upon completion of tenant improvements and other work. At origination, $8,184,013 was deposited by the seller of the Mortgaged Property into an escrow with the title company engaged with respect to the sale, for completion of such tenant improvements and other work and approximately $1,153,322 was deposited into escrow by such seller with the title company for gap rent and reimbursements through June 30, 2019. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this Preliminary Prospectus.
(4) Pace Gallery HQ - The Appraised Value (Other than As-Is) represents the “As Stabilized” value of $180,000,000, effective May 1, 2019, which assumes that the interior build-out of the space is completed for the Mortgaged Property. At origination, the lender reserved $6,792,677.38 for the estimated outstanding costs related to the interior build out. The borrower sponsor posted a $19,000,000 letter of credit, which is released upon the lender’s receipt of evidence that The Pace Gallery LLC has completed its interior build out and a temporary certificate of occupancy has been issued for the entire Mortgaged Property.
(5) AT580 Multi - The Appraised Value includes $9,209,760 attributable to the net present value of the tax abatement at the Mortgaged Property as described under “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this Preliminary Prospectus.
(6) Spring Hollow Apartments - The Appraised Value (Other than As-Is) represents the “as stabilized” value of $38,500,000, effective January 1, 2022, which assumes that the planned renovations are completed for the Mortgaged Property. At origination, the lender reserved $3,313,000 for the renovation.
(7) 166 Geary Street - The Appraised Value reflects an “prospective at stabilization” value as of September 1, 2019, which assumes the Largest Tenant, WeWork lease has commenced and is paying rent. The WeWork space was delivered on February 15, 2019. At origination, the borrowers reserved approximately $1,500,000 for certain outstanding tenant obligations and $560,959 for gap rent in connection with the WeWork lease.
(8) Roanoke Crossing Shopping Center - The Appraised Value (Other Than As-Is) reflects an “as is” plus the value of ground leases on seven pad sites as of December 19, 2018. The Appraised Value for each of the pad sites is (i) $1,200,000 for Wendy’s, (ii) $1,300,000 for Sonic, (iii) $1,500,000 for a vacant site previously occupied by Taco Bueno (with respect to which $1,050,000 was reserved at closing and will be held until a replacement tenant is found), (iv) $1,800,000 for JP Morgan Chase, (v) $2,100,000 for Wachovia (Wells Fargo), (vi) $1,300,000 for Chili’s and (vi) $1,800,000 Just Brakes (Pep Boys).
(9) AC Marriott Downtown Tucson - The Appraised Value (other than As-Is) reflects the sum of the “as-is” appraised values of the hotel/parking garage portion and the retail portion of the Mortgaged Property, inclusive of the contributory value of development incentives as described under “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this Preliminary
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Prospectus. The sum of the “as-is” appraised values of the hotel/parking garage portion and the retail portion of the Mortgaged Property (exclusive of the contributory value of development incentives) as of November 13, 2018 is $48,950,000.
(10) Atlantic Gardens - The Appraised Value (Other than As-Is) represents the “as is” value plus the value of air rights, totaling $27,600,000.
(11) Meridian Tower - The Appraised Value (Other than As-Is) is based on an “As-Stabilized” value, which assumes the expiration of the free rent periods for tenants Scottlynn and Digital Mobile Innovations. Such free rent periods are scheduled to expire June 1, 2019 and August 31, 2019 for Scottlynn and Digital Mobile Innovations, respectively, and have been reserved for at loan closing. As of December 1, 2018 the Mortgaged Property was 91.1% leased.
(12) Texas Marriott & Hilton Portfolio - Residence Inn Laredo - The Appraised Value (Other than As-Is) for the Residence Inn Laredo Property represents the “as complete” value of $12,100,000, effective January 7, 2021, which assumes completion of a scheduled PIP at the Mortgaged Property. At origination, the lender reserved $2,135,522 for the PIP.
(17) | 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.
“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.
“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 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 of the Mortgage Loans—Voluntary Prepayments” in this Preliminary Prospectus.
(18) | Loan No. 1 – 3 Columbus Circle – The lockout period will be at least 25 payment dates beginning with and including the first payment date of April 11, 2019. Defeasance of the full $595.0 million 3 Columbus Circle Whole Loan is permitted after the date that is the earlier to occur of (i) April 11, 2022 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected Benchmark 2019-B10 securitization closing date in April 2019. The actual lockout period may be longer. |
Loan No. 4 – ARC Apartments - The lockout period will be at least 25 payment dates beginning with and including the first payment date of April 1, 2019. Defeasance of the full $187.0 million ARC Apartments Whole Loan is permitted after the date that is earlier to occur of (i) February 8, 2023 and (ii) two years after the date of the last securitization involving any portion of or the interest in the ARC Apartments Whole Loan. The assumed lockout period of 25 payments is based on the expected Benchmark 2019-B10 securitization closing date in April 2019. The actual lockout period may be longer.
Loan No. 7 – 101 California – The borrowers are permitted to prepay the 101 California Whole Loan in full with the payment of a yield maintenance premium prior to the related open period and after the earlier to occur of (i) February 25, 2022 or (ii) the second anniversary of the date on which the entire 101 California Whole Loan intended for securitization (excluding any risk retention requirements) has been securitized.
Loan No. 8 – Soho Beach House – The lockout period will be at least 25 payment dates beginning with and including the first payment date of April 6, 2019. Defeasance of the full $55.0 million Soho Beach House Whole Loan is permitted after the date that is earlier to occur of (i) February 27, 2022 and (ii) two years after the date of the last securitization involving any portion of or interest in the Soho Beach House Whole Loan. The assumed lockout period of 25 payments is based on the expected Benchmark 2019-B10 securitization closing date in April 2019. The actual lockout period may be longer.
Loan No. 16 – Tulsa Office Portfolio - The lockout period will be at least 25 payment dates beginning with and including the first payment date of April 6, 2019. Defeasance of the full $48.675 million Tulsa Office Portfolio Whole Loan is permitted after the date that is earlier to occur of (i) February 26, 2022 and (ii) two years after the date of the last securitization involving any portion of or the interest in the Tulsa Office Portfolio Whole Loan. The assumed lockout period of 25 payments is based on the expected Benchmark 2019-B10 securitization closing date in April 2019. The actual lockout period may be longer.
Loan No. 19 – Atrium Two – The lockout period will be at least 28 payment dates beginning with and including the January 6, 2019 payment date. Defeasance of the full $55.5 million Atrium Two Whole Loan is permitted at any time after the earlier to occur of (i)
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November 27, 2021 or (ii) two years after the closing date of the securitization that includes the last note to be securitized. The assumed lockout period of 28 months is based on the expected Benchmark 2019-B10 securitization closing date in April 2019. The actual lockout period may be longer.
Loan No. 23 – Liberty Station Retail – The borrowers have the option to (i) prepay the full $117.0 million Liberty Station Retail Whole Loan after January 1, 2021, with payment of a yield maintenance premium, or (ii) defease the full $117.0 million Liberty Station Retail Whole Loan at any time after the date that is 24 months after the Closing Date.
(19) | Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool – Certain Terms of the Mortgage Loans – Partial Releases” in this Preliminary Prospectus for the terms of the releases. |
● Loan No. 3 – Saint Louis Galleria
● Loan No. 12 – Embassy Suites Scottsdale
● Loan No. 15 – Dollar General Portfolio
● Loan No. 25 – Vie Portfolio
● Loan No. 35 – 69 Clinton & 28 East 13th Street Portfolio
● Loan No. 37 – Huntsville Self Storage Portfolio
● Loan No. 41 – Massman Ina Portfolio
(20) | Loan No. 2 – 3 Park Avenue - The borrower is both the ground lessee and ground lessor under a ground lease encumbering the Mortgaged Property. |
Loan No. 23 – Liberty Station Retail – The collateral includes both fee and leasehold interests in the Mortgaged Property pursuant to 16 ground leases for the lots that make up the five parcels that collectively constitute the Mortgaged Property, ground leased by the Redevelopment Agency of the City of San Diego as the ground lessor. The base rent under each ground lease is $1, which was prepaid at the beginning of the term. The term of each ground lease expires on December 31, 2070.
Loan No. 30 – AC Marriott Downtown Tucson – Several parcels of the Mortgaged Property are encumbered by a land and improvements lease whereby the City of Tucson (“Hotel Landlord”) leased the hotel unit, the retail unit and the retail parcel to the predecessor in interest to the AC Marriott Downtown Tucson borrower, 5 North Fifth Hotel, LLC (“Tenant”) in order to effectuate certain tax savings at the Mortgaged Property. The Parking Unit is encumbered by a separate triple net government excise lease (the “Parking Ground Lease” and, collectively with the Hotel Ground Lease, the “Ground Leases”) whereby the Rio Nuevo Multipurpose Facilities District, a special taxing district of the State of Arizona (“Parking Landlord”) leased the Parking Unit to Tenant in order to effectuate certain tax savings at the Mortgaged Property. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this Preliminary Prospectus for additional information.
Loan No. 31 – Atlantic Gardens – The Mortgaged Property’s collateral is inclusive of the respective air rights.
(21) | Loan No. 5 – 9800 Wilshire – The Mortgaged Property is 100.0% master leased by The Gores Group, a private equity firm that was founded by the borrower sponsor. The Gores Group occupied the entire Mortgaged Property from 2014 to late-2017, until relocating a portion of its office staff and subleasing 75.2% of NRA (42,820 sq. ft.) to Spring Place. The Gores Group continues to occupy and operate its global headquarters out of the remaining 24.8% of NRA (14,148 sq. ft.) of the Mortgaged Property. |
Loan No. 10 – AT580 Multi – Eleven of the 179 units (6.1% of units and 6.6% of underwritten base rent) at the Mortgaged Property are operated under an exclusive partnership agreement and furnished revenue share agreement with National Corporate Housing (“NCH”), an executive leasing company that places temporary tenants. At the end of each month, the borrower and NCH are required to total up the revenue of each suite and (i) a 50%/50% (borrower/NCH) split, minus parking, will be calculated for units that are jointly furnished by the borrower and NCH and (ii) a 65%/35% (borrower/NCH) split, minus parking, will be calculated for units that are furnished by the borrower. According to the NCH agreement, the furnished revenue share agreement can be terminated by either party for any reason with at least 30 days written notice.
Loan No. 11 – Tailor Lofts – The Mortgaged Property is subject to a master lease between the Delaware Statutory Trust (“DST”) borrower, as the master lessor, and an affiliate of the borrower, as master tenant, to accommodate the borrower’s DST structure. The master tenant is responsible for leasing activities, maintenance and operation of the Mortgaged Property. See “Description of the Mortgage Pool—Delaware Statutory Trusts” and “Description of the Mortgage Pool—Tenant Issues—Affiliated Leases” in this Preliminary Prospectus for additional descriptions.
Loan No. 25 – Vie Portfolio – The entire Mortgaged Property is master leased from the borrowers, as the fee owners of the Mortgaged Property and the master lessor, to the borrowers’ affiliates, as master lessees, and subleased from such affiliates to another affiliate, as a master sublessee and the lessor to the end-user tenants, to comply with Shari’ah principles. The lender has received a mortgage on the fee interest in the Mortgaged Property. The master lease is subordinate to the mortgage, and the affiliates of the borrowers assigned their respective rights as landlords in the leased spaces to the borrower, which in turn assigned such rights to the lender.
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Loan No. 26 – Roanoke Crossing Shopping Center – The borrower sponsor and the Guarantor, Alan C. Fox, has entered into a master lease, as the master lessee, with the borrower, as the master lessor, with respect to one of the seven ground-leased pad sites previously occupied by Taco Bueno, which filed for bankruptcy in November 2018. Pursuant to the master lease, the Guarantor is paying rent at a rate of $105,000 per annum for the space where the previous tenant had paid rent at a rate of $108,900 per annum. In addition, the borrower was required at origination to reserve $1,050,000, which will be released upon the borrower depositing a letter of credit in an amount equal to $1,050,000. The master lease will terminate upon the occurrence of all of the following: (i) the borrower re-leases 100% of the Taco Bueno Space for a term of not less than five years; (ii) the tenant under such replacement lease is paying full unabated rent (or if the tenant is in an abated rent period, the borrower has reserved with the lender the total amount of such free rent); (iii) the borrower delivers a clean estoppel from such tenant; and (iv) at the time the borrower requests such release of funds (or letter of credit, as applicable), the Mortgaged Property is achieving a Debt Yield of no less than 9.35%. As of the origination, the borrower sponsor and Layne’s Chicken Fingers had executed a letter of intent, for a 15-year term at a rental rate of $40.86 per sq. ft., or $105,000 per annum, for lease years one through five, with 10% rent increases every five years.
Loan No. 42 – Colony Retail – The Mortgaged Property is subject to a master lease between the borrower, a Delaware Statutory Trust (“DST”), as the master lessor, and an affiliate of the borrower, as master tenant, to accommodate the borrower’s DST structure. The master tenant is responsible for leasing activities, maintenance and operation of the Mortgaged Property.
(22) | Loan No. 5 – 9800 Wilshire – The entire Mortgaged Property is master leased to The Gores Group, an affiliate of the borrower and non-recourse carveout guarantor through December 31, 2034. Approximately 24.8% of the NRA is occupied by the borrower sponsor affiliate and serves as The Gores Group headquarters, identified as the 2nd Largest Tenant. The remainder of the space (75.2% of the NRA and 72.9% of underwritten base rent,) is subleased to the Largest Tenant - Spring Place, a shared work space provider through June 30, 2028. |
Loan No. 13 – Flight – The 3rd Largest Tenant, Taxi Recreation (4.2% of NRA), and the 4th Largest Tenant, Ringsby Court (3.5% of NRA), are both affiliated with the borrower.
Loan No. 30 - AC Marriott Downtown Tucson - The three largest retail tenants, which represent in the aggregate approximately 75.6% of the net rentable square footage of the Retail Parcel and 5.4% of total revenue at the Mortgaged Property, are affiliates of the borrower. The affiliated tenants entered into subordination agreements with the lender and the leases are each guaranteed by Matthew Scott Stiteler and David R. Dabdoub, two of the three AC Marriott Downtown Tucson Mortgage Loan guarantors, for the term of the leases (unless, subject to the lender’s consent, such affiliated lease is assigned to a non-affiliated third party tenant, in which case the guarantors will be released from its respective lease guaranty). Additionally, the Mortgage Loan is recourse for any losses if: (i) a default occurs under the affiliated leases, (ii) any such affiliated lease is terminated prior to expiration, (iii) any such affiliated lease is modified in any respect without the lender’s consent and (iv) if any specified affiliate lease condition set forth in the loan agreement is not satisfied. However, there can be no assurance that the guarantors will, or will be in a position to, fulfill their obligations with respect to any such losses.
(23) | Loan No. 2 – 3 Park Avenue - The Largest Tenant, Houghton Mifflin Harcourt, leases 101,421 sq. ft. of space that expires on December 31, 2027 and 400 sq. ft. of space that expires on May 31, 2019. The 4th Largest Tenant, Return Path, Inc., leases 23,280 sq. ft. of space that expires on July 31, 2025 and 22,722 sq. ft. of space that expires on February 29, 2020. |
Loan No. 6 – 5202 Ben White – The Largest Tenant, City of Austin, leases 196,768 sq. ft. at the Mortgaged Property with various expiration dates, including 137,274 sq. ft. (69.8% of City of Austin’s space) with an expiration date on the 84th full calendar month following the commencement date, and 59,494 sq. ft. (30.2% of the City of Austin space) with an expiration date of May 31, 2025. The commencement date is the earlier to occur of (i) the date that certain tenant improvement work and other work is substantially complete and (ii) the date the tenant opens for business in the premises. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this Preliminary Prospectus.
Loan No. 13 – Flight – The 2nd Largest Tenant, The Nature Conservancy, leases 3,367 sq. ft. of space for which the lease term expires on August 17, 2023 and an additional 2,787 sq. ft. of space for which the lease term expires on August 17, 2028.
Loan No. 23 – Liberty Station Retail – The 4th Largest Tenant, 828 Events, leases 6,119 sq. ft. of space for which the lease term expires on April 30, 2030, and an additional 8,777 sq. ft. of space for which the lease term expires on May 31, 2029.
(24) | 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 the 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 such 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 NRA at the Mortgaged 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. |
Loan No. 6 – 5202 Ben White – The Largest Tenant, City of Austin, (80.4% of NRA), will terminate its lease in the event the City of Austin governing body does not appropriate, budget, and approve sufficient funding to cover the City of Austin’s monetary obligations
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under the lease and the lease will terminate automatically on the last day of the fiscal year for which sufficient funds were budgeted. The 2nd Largest tenant, The Consulate of Mexico (10.8% of NRA), will terminate its lease with three months’ notice, in the event the United States government orders or requires The Consulate of Mexico office in Austin, Texas to close or cease operating.
Loan No. 7 – 101 California – The Largest Tenant, Merrill Lynch, has a one-time right to terminate effective October 31, 2021 with a 12 months’ notice and the payment of unamortized costs. The 3rd Largest Tenant, Morgan Stanley, has a one-time right to terminate effective January 31, 2023 with a 12 months’ notice and the payment of unamortized costs.
Loan No. 13 – Flight – The second largest tenant, Nature Conservancy, has the one-time right to terminate the lease for its 3,367 sq. ft. space effective August 31, 2021, and the one-time right to terminate the lease for its 2,787 sq. ft. space effective August 31, 2023, in each case with 90 days’ prior written notice and payment of all amounts due under the related lease.
Loan No. 16 – Tulsa Office Portfolio – The Largest Tenant at the Towne Center Property, Tulsa Pain Consultants, has the one-time right to terminate its lease effective August 31, 2020 with at least 180 days’ written notice and payment of a termination fee equal to $420,000. The 2nd Largest Tenant at the Riverbridge Office Property, Equus Environmental, has the one-time right to terminate its lease after January 1, 2020 with two months’ written notice and payment of a termination fee equal to $7,933. The 5th Largest Tenant at the Riverbridge Office Property, GSA/Trustee Amer Indians, has the right to terminate its lease any time after April 30, 2028 with at least 90 days’ written notice. The Largest Tenant at the Three Memorial Place Property, GSA/DEA, may terminate its lease any time after January 22, 2023 with at least 120 days’ written notice. The Largest Tenant at the Corporate Place Property, OK Employment Security, may terminate its lease with at least 30 days’ written notice. The Largest Tenant at the Two Memorial Place Property, Finance of America Reverse, has the one-time right to terminate its lease effective January 31, 2022, with at least 180 days’ written notice and payment of a termination fee equal to $295,000. The 2nd Largest Tenant at the Two Memorial Place Property, GSA/FBI, may terminate its lease any time after July 8, 2020 with at least 60 days’ written notice. The 2nd Largest Tenant at the Triad Center I Property, Progressive Casualty Insurance, has the right to terminate its lease effective February 28, 2021 or at the end of any calendar month thereafter, with at least three months’ written notice and payment of a termination fee equal to four months’ base monthly rent and unamortized portion of construction allowance and brokers’ commissions. The 3rd Largest Tenant at the Triad Center I Property, Triad Bank, has the one-time right to terminate its lease at any time before July 31, 2020 with at least 120 days’ prior notice before the effective termination date.
Loan No. 19 – Atrium Two – The Largest
Tenant, Cincinnati Bell, (36.6% of NRA), has a right to terminate a portion of its leased space of up to 40,124 sq. ft. (16.7%
of tenant space and 6.1% of NRA) commencing October 1, 2019, upon payment of a termination fee generally equal to the unamortized
cost of tenant improvements and leasing commissions for the terminated space. The 3rd Largest tenant, Kroger (11.3% of NRA), has
a one-time termination option on September 30, 2021, upon 180 days’ notice and payment of a $250,000 termination fee. The
4th Largest Tenant, GSA – US Bankruptcy Court (6.1% of NRA), has the right to terminate its lease at any time after May 24,
2020 upon not less than 180 days’ notice. The 5th Largest Tenant, GSA – US Attorney’s Office (5.3% of NRA), has
the right to terminate its lease at any time upon 90 days’ notice.
Loan No. 22 – Baywood San Mateo – The 3rd Largest Tenant, Core Power Yoga, has the right to terminate its lease at any time after March 15, 2021, but on or before October 14, 2021 with six months’ written notice provided to the landlord and payment of a termination fee equal to eight months of the minimum monthly rent and unamortized portion of the leasing commissions paid.
Loan No. 31 – Atlantic Gardens – The Largest Tenant, US Postal Service, has the one-time right to terminate its lease within 90 days following January 4, 2026 with no less than 180 days’ written notice to the landlord. The 3rd Largest Tenant, Smile Direct, may terminate its lease effective on the 36th full calendar month following the rent commencement date (the tenant has not commenced paying rent but is expected to by the end of March 2019) with 180 days’ written notice and payment of a termination fee equal to the unamortized amount of the landlord’s payment to the broker.
Loan No. 39 – Walgreens - MA & NH – The sole tenant at the Walgreens - NH Mortgaged Property has a termination option which will be effective as of October 31, 2032 or the last day of each subsequent five–year period until October 31, 2082, with at least a 12-months’ prior notice. The sole tenant at the Walgreens - MA Mortgaged Property has a termination option which is effective as of September 30, 2032, and the last day of any month thereafter until September 30, 2082, with at least a 12-months’ prior notice.
Loan No. 40 – 116 University Place – The sole tenant has the right to terminate its lease on February 1, 2025, which represents the first day of the month following the month in which the seventh anniversary of the lease commencement date occurs, with not less than 12 months’ written notice and the payment of a termination fee in an amount equal to the sum of (i) six months’ base rent and (ii) the unamortized portion of the brokerage commission paid by the landlord in connection with the lease.
(25) | Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the NRA of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Other” in this Preliminary Prospectus. |
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. 6 – 5202 Ben White – The Largest Tenant, City of Austin, which represents approximately 80.4% of NRA and 85.7% of underwritten base rent, is not yet in occupancy with respect to two of its three leases (representing 137,274 sq. ft. of space and 60.8% of underwritten rent). The seller of the Mortgaged Property is currently finishing the tenant buildout and other work with an estimated
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completion date for the work in April 2019. Rent for such two leases does not commence until the work is substantially completed or the tenant opens for business in the premises. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this Preliminary Prospectus.
Loan No. 9 – Pace Gallery HQ - The sole tenant at the Mortgaged Property, The Pace Gallery LLC, began paying rent on December 15, 2018, but is not yet in occupancy of its space. The Pace Gallery LLC is expected to take occupancy of its space in May 2019 after the interior build out is completed.
Loan No. 13 – Flight – The 3rd Largest Tenant, Taxi Recreation (4.2% of NRA), has executed a lease but is not yet in occupancy or paying rent for such space. The 4th Largest Tenant, Ringsby Court (3.5% of NRA), has executed a lease but is not yet in occupancy or paying rent for such space. Rent commencement for both Taxi Recreation and Ringsby Court will begin no later than June 1, 2019.
Loan No. 24 – 166 Geary Street – The Largest Tenant, WeWork (36.4% of NRA), has executed a lease but is not yet in occupancy or paying rent for such space. The WeWork space was delivered on February 15, 2019. At origination, the borrowers reserved approximately $1,500,000 for certain outstanding tenant obligations and $560,959 for gap rent in connection with the WeWork lease.
Loan No. 31 – Atlantic Gardens – The 3rd Largest Tenant, Smile Direct, which represents 13.2% of commercial NRA, has executed a lease effective March 1, 2019, but is not yet in occupancy or paying rent. The buildout is expected to be completed and rent commencement is expected to start by the end of March 2019. Smile Direct also received four months of free rent. The lender reserved $197,563 at origination for unfunded obligations and $57,000 for free rent (representing six months of free rent).
Loan No. 36 – 8401 Melrose – The Largest Tenant, Marc Jacobs, which represents 67.5% of NRA, does not utilize 1,950 sq. ft. of its space but pays full rent on the entire 3,950 sq. ft. through August 2025.
(26) | The following loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants-in-common. See “Description of the Mortgage Pool – Mortgage Pool Characteristics – Tenancies-in-Common” in this Preliminary Prospectus for further information. |
● Loan No. 1 – 3 Columbus Circle
● Loan No. 6 – 5202 Ben White
● Loan No. 17 – Sharon Park Apartments
● Loan No. 18 – Spring Hollow Apartments
● Loan No. 23 – Liberty Station Retail
● Loan No. 24 – 166 Geary Street
(27) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown. |
Loan No. 13 – Flight – At origination, the borrower deposited with the lender the amount required to be deposited on the first payment date into (i) the Monthly Tax Reserves ($) and (ii) the Monthly TI/LC Reserves ($), in each of the foregoing cases, in advance of such first payment date.
Loan No. 14 – The Crossing at Katy Ranch – At origination, the borrower deposited with the lender the amount required to be deposited on the first payment date into (i) the Monthly Tax Reserves ($) and (ii) the Monthly Replacement Reserves ($), in each of the foregoing cases, in advance of such first payment date.
Loan No. 25 – Vie Portfolio – If, at any time, the amount on deposit with the lender for the Condominium Assessments Reserve Fund (as defined below) in the Upfront Other Reserves ($) does not equal the product of (i) 150% and (ii) one month of assessments due from the borrower to the condominium association (the “Condominium Association”) under the related condominium declaration (the product of the foregoing (i) and (ii), the “Condominium Assessments Reserve Fund”), then, on the immediately succeeding payment date, the borrower will be required to deposit with the lender the amount necessary to cause the amount on deposit to equal the Condominium Assessments Reserve Fund. The amount required to be deposited by the borrowers is determined by the lender based on the most recent monthly assessment amount and the annual budget of the Condominium Association provided to the lender in accordance with the Mortgage Loan documents.
(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. |
Loan No. 8 – Soho Beach House - Prior to January 1, 2020 and on January 1 of each calendar year thereafter during the term of the Soho Beach House Whole Loan, the lender is required to reassess the amount necessary to be held in the seasonality reserve account and to require the borrower to deposit an amount equal to 110% of the positive difference between (i) the actual aggregate operating income anticipated to be received by the borrower during the months of May, June, July, August, September and October as set forth in the approved annual budget for the calendar year immediately preceding the date of calculation and (ii) the amount necessary to ensure that the Mortgaged Property has a debt service coverage ratio of at least equal to 1.25x based on the Soho Beach House Whole Loan and the related mezzanine loan. The borrower is only required to deposit funds into the seasonality reserve on such monthly payment dates to the extent of sufficient excess cash and the balance will accrue and is required to be paid on each subsequent monthly payment date to the extent of excess cash until such balance is reduced to zero.
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Loan No. 12 – Embassy Suites Scottsdale – Seasonality Working Capital Reserve cap is revised annually and set to 110% of the total shortfall that occurred in the preceding year’s shortfall amount.
Loan No. 21 – Union Bay Apartments – The Replacement Reserves account for the residential portion of the Mortgaged Property is subject to a cap of $55,000, while the Replacement Reserves account for the commercial portion of the Mortgaged Property is subject to a cap of approximately $1,396.
Loan No. 22 – Baywood San Mateo – The TI/LC Reserve cap is $357,084 unless a renewal trigger cure event is in place, at which point the TI/LC Reserve cap is $204,048.
(29) | Loan No. 6 – 5202 Ben White - TI/LC escrows are waived until (i) May 31, 2023 or (ii) the occurrence of a trigger period. |
Loan No. 13 – Flight – The borrower is required to make a deposit of $2,855.15 each month into the Monthly Replacement Reserve ($) commencing on the earlier of (i) the initial occurrence of a Cash Sweep Event and (ii) January 1, 2022. A “Cash Sweep Event” means (a) an event of default under the Mortgage Loan documents; (b) any bankruptcy action of the borrower or the property manager; (c) the debt service coverage ratio based on the immediately trailing three-month period being less than 1.10x; (d) with respect to the Largest Tenant, BOA Technology, Inc, among other things, (1) the failure of the lender to have received, among other requirements set forth in the Mortgage Loan documents, evidence reasonably satisfactory to the lender that the Largest Tenant, BOA Technology, Inc., has renewed its lease for a term of not less than five years, on or before the date that is 12 months prior to the expiration date under such lease, (2) BOA Technology, Inc. “goes dark” or gives notice that it intends to “go dark” for a period of more than five consecutive business days, (3) BOA Technology, Inc. sublets more than 20% of the space subject to the its lease; or (4) BOA Technology, Inc. terminates or gives notice that it intends to terminate its lease; or (e) an event of default under the related mezzanine loan documents.
Loan No. 22 – Baywood San Mateo – The borrower must deposit $8,502 into the TI/LC reserve on each monthly payment date commencing on the payment date in March 2021.
Loan No. 25 – Vie Portfolio – The borrowers are required to deposit into the Monthly Other Reserve ($), on each of the first 15 payment dates, $50,256.67 (for a total of $753,850.05, with $25,128.34 per month being available for certain planned capital improvements relating to the Colonie Mortgaged Property and $25,128.33 per month being available for planned capital improvements relating to the Southgate Mortgaged Property), which amounts are reasonably estimated by the lender based on the borrower’s budget to be due for completion of the planned capital improvements at these properties.
Loan No. 25 – Vie Portfolio – The borrowers are required to deposit into the Monthly Other Reserve ($), within two business days after receipt by any person, all rent (excluding any amounts constituting a security deposit or other security for all or any portion of the obligations under a lease) which has been paid more than one month in advance.
Loan No. 25 – Vie Portfolio – If (a) the debt service coverage ratio is less than 1.60x, and (b) the borrowers have failed to deliver evidence to the lender by (i) for calendar year 2019, May 1, 2019, and (ii) for calendar year 2020 and each calendar year thereafter, April 1 of such calendar year, that 55.0% of the beds at the Mortgaged Property have been leased for the next succeeding school year, the borrowers are required to deposit into the Monthly Other Reserve ($) (1) $352,500.00 for each of the payment dates occurring in May, June, July and August of 2019 (a total of $1,410,000.00), and (2) $282,000.00 for each of the payment dates occurring in April, May, June, July and August of any subsequent calendar year (a total of $1,410,000.00).
Loan No. 25 – Vie Portfolio – The borrowers were required at loan origination to deposit into the Monthly Other Reserve ($) (i) on March 1, April 1 and May 1 of 2019, $12,375.00, and (ii) thereafter, on each October 1, November 1, December 1, January 1, February 1, March 1, April 1 and May 1, commencing on October 1, 2019 (the “Seasonality Payment Period”), an amount determined by the lender on or before October 1 of each year (commencing on October 1, 2019) equal to the amount which, if added to net operating income of the Mortgaged Property for the immediately preceding period spanning June 1, July 1 and August 1 (the “Seasonality Disbursement Period”), would cause the debt service coverage ratio for such immediately preceding Seasonality Disbursement Period to equal 1.35x.
Loan Nos. 28 and 29 – Homewood Suites Philadelphia - Valley Forge and Hilton Garden Inn - Valley Forge – On the payment date following the date on which the quarterly financial statements are required to be delivered, if such quarterly financial statements show that the amount of the aggregate FF&E monthly deposit for such quarter was less than 4.0% of the gross income from operations of the Mortgaged Property for such quarter, the borrower will be required to deposit into the Monthly Replacement Reserves ($) an additional amount equal to the difference between (x) 4.0% of the gross income from operations of the Mortgaged Property for such quarter and (y) the aggregate amount of the FF&E monthly deposits deposited into the Replacement Reserves ($) during such quarter.
Loan No. 28 – Homewood Suites Philadelphia - Valley Forge – On the payment date that is 24 months prior to the expiration of the related franchise agreement (the “Extension PIP Deposit Commencement Date”) and on the next 23 payment dates thereafter, the borrower will be required to deposit into the Monthly Replacement Reserves ($) an amount of $76,875.00 (the “Extension PIP Monthly Deposit” and collectively, the “Extension PIP Deposit”) for replacements and repairs to be required under any property improvement plan required by the franchisor in connection with the extension of the franchise agreement or any replacement franchise agreement.
(30) | Loan No. 2 – 3 Park Avenue - On each Payment Date on which the balance in the TI/LC reserve is (i) below $2,000,000, the borrower is required to deposit an amount equal to $100,000; (ii) on each Payment Date on which the balance in the TI/LC reserve is equal to or greater than $2,000,000 and below $3,000,000, the borrower is required to deposit a monthly amount equal to $50,000 and (iii) if the |
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balance in the TI/LC reserve account is equal to or greater than $3,000,000, the borrower is not required to make monthly deposits in to the TI/LC reserve account.
Loan No. 30 – AC Marriott Downtown Tucson – The borrower is required to deposit into the FF&E reserve account the greatest of (i) with respect to the first monthly payment date through and including the monthly payment date in January 2021, 3% and (y) with respect to each monthly payment date from February 2021 and for each monthly payment date thereafter, 4% of the projected rents for the hotel component for the prior month as set forth in the most recent approved annual budget (ii) the then-current amount required by the Management Agreement and (iii) the then-current amount required by the franchise agreement for approved capital expenditures relating to the hotel component and the repair and replacement of the FF&E.
Loan No. 12 – Embassy Suites Scottsdale – Ongoing seasonality reserves will trigger in February of every year during the loan term, until May, and payments of $400,000 per month are required to be deposited in the reserve subject to a cap of $1,500,000. Seasonality Reserve cap is revised annually and set to 110% of the total shortfall that occurred in the preceding year’s shortfall amount
(31) | Loan No. 2 – 3 Park Avenue - The borrower is required under the related loan documents to pay for and perform 100% of the unfunded landlord obligations ($1,523,458) and deferred maintenance ($28,500, which is the estimated cost according to the engineering report) at the Mortgaged Property. If an event of default has occurred and is continuing or the borrower has breached any requirements under the loan documents, the borrower is required to deliver cash or a letter of credit to the lender in the amount that the lender determines is necessary to complete all unfunded landlord obligations, deferred maintenance and any remaining unfunded free rent obligations. |
Loan Nos. 28 and 29 – Homewood Suites Philadelphia - Valley Forge and Hilton Garden Inn - Valley Forge – A cash sweep event caused by the debt service coverage ratio based on the immediately trailing 12-month period being less than 1.25x (the “DSCR Trigger Event”) will not constitute a cash sweep event if the borrower (i) within five business days of the lender’s determination that a DSCR Trigger Event has occurred, deposit cash or a letter of credit in an amount equal to the excess cash flow that would have accumulated during the upcoming 12 months, assuming a debt service coverage ratio of 1.25x, or (ii) the borrower has, at any time during the immediately preceding 12-month period, deposited with the lender a deposit in the form of cash or a letter of credit in an amount equal to the excess cash flow that would have accumulated during the upcoming 12 months, assuming a debt service coverage ratio of 1.35x (such deposit, a “Lockbox DSCR Cure Deposit”). In addition, the borrower is permitted to deliver a Lockbox DSCR Cure Deposit to avoid triggering a lockbox event caused by the debt service coverage ratio based on the immediately trailing 12-month period being less than 1.35x (such event, a “Lockbox DSCR Trigger Event”), if the borrower delivers such Lockbox DSCR Cure Deposit within five business days of the lender’s determination that a Lockbox DSCR Trigger Event has occurred.
(32) | With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool – Mortgage Pool Characteristics – Environmental Considerations” in this Preliminary Prospectus. |
Mortgage | % of Initial | |||||||||||
Loan | Loan Cut-off | Outstanding | Maximum | Premium Paid | Expiration | |||||||
No. | Mortgage Loan | Date Balance | Pool Balance | Policy Amount | in Full | Date | ||||||
5 | 9800 Wilshire | $55,000,000 | 4.8% | $1,000,000 | Yes | 1/25/2032 | ||||||
22 | Baywood San Mateo | $21,000,000 | 1.8% | $1,000,000 | Yes | 2/20/2032 |
(33) |
Total | ||||||||||
Total | Total | Senior | ||||||||
Total | Senior | Mortgage | Notes | Total | ||||||
Total Mortgage | Senior | Total | Notes | Debt Cut- | U/W | Mortgage | ||||
Debt Cut-off |
Notes | Mortgage | Cut-off | off Date | NOI | Debt U/W | ||||
Loan | A-Note Cut-off |
B-Note Cut-off | Date | U/W NCF | Debt U/W |
Date | LTV | Debt | NOI Debt | |
No. | Mortgage Loan | Date Balance(2) | Date Balance(2) | Balance(1)(2) | DSCR | NCF DSCR | LTV | Ratio | Yield | Yield |
1 | 3 Columbus Circle | $490,000,000 | $105,000,000 | $595,000,000 | 2.91x | 2.40x | 45.4% | 55.1% | 12.3% | 10.2% |
4 | ARC Apartments | $95,000,000 | $92,000,000 | $187,000,000 | 3.48x | 1.52x | 32.0% | 63.0% | 14.7% | 7.5% |
7 | 101 California | $527,000,000 | $228,000,000 | $755,000,000 | 3.22x | 2.07x | 35.9% | 51.5% | 12.8% | 8.9% |
(1) | Total mortgage debt includes additional pari passu debt and excludes mezzanine debt. |
(2) | The ARC Apartments Whole Loan is structured with $95,000,000 of senior debt and $92,000,000 of subordinate debt. The subordinate debt is comprised of an A2 Note with a Cut-off Date Balance of $47,000,000 and accrues interest at a rate of 5.10000% per annum and a B Note with a Cut-off Date Balance of $45,000,000 and accrues interest at a rate of 5.90000% per annum. |
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(34)
Total | Total | |||||||||||||||||||
% of Initial | Annual | Mezzanine | Debt Cut- | Debt | Total | |||||||||||||||
Mortgage Loan | Outstanding | Mezzanine | Interest Rate | Loan | off Date | U/W | Debt U/W | |||||||||||||
Loan | Cut-off Date | Pool | Debt Cut-off | on Mezzanine | Maturity | Intercreditor | LTV | NCF | NOI Debt | |||||||||||
No. | Mortgage Loan | Balance | Balance | Date Balance | Loan | Date or ARD | Agreement | Ratio(1) | DSCR(1) | Yield(1) | ||||||||||
3 | Saint Louis Galleria(2) | $60,000,000 | 5.2% | $23,466,243 | 6.25000% | 11/1/2028 | Yes | 56.6% | 1.55x | 10.3% | ||||||||||
8 | Soho Beach House | $40,000,000 | 3.5% | $62,000,000 | 7.25000% | 2/6/2024 | Yes | 54.7% | 1.88x | 13.2% | ||||||||||
12 | Embassy Suites Scottsdale | $35,500,000 | 3.1% | $5,000,000 | 11.62500% | 2/6/2029 | Yes | 57.5% | 1.29x | 10.4% | ||||||||||
13 | Flight | $33,163,800 | 2.9% | $11,694,750 | 8.00000% | 3/1/2029 | Yes | 71.1% | 1.22x | 8.9% | ||||||||||
15 | Dollar General Portfolio(3) | $29,200,000 | 2.5% | $3,500,000 | 10.60000% | 1/6/2029 | Yes | 81.3% | 1.14x | 8.1% | ||||||||||
(1) | Calculated including any related pari passu companion loan(s), related subordinate companion loan (s) and mezzanine debt. |
(2) | With respect to the Saint Louis Galleria Mortgage Loan DSCR is calculated using the sum of the first 12 whole loan principal and interest payments after the expiration of the whole loan interest-only period based on the assumed principal and interest payment schedule set forth in Annex G of this Preliminary Prospectus. |
(3) | With respect to the Dollar General Portfolio Mortgage Loan DSCR is calculated using the sum of the first 12 whole loan principal and interest payments after the expiration of the whole loan interest-only period based on the assumed principal and interest payment schedule set forth in Annex H of this Preliminary Prospectus. |
(35)
Mortgage Loan | % of Initial | Intercreditor | Combined | Combined | ||||||||||
Cut-off Date | Outstanding | Agreement | Minimum | Combined | Minimum Debt | |||||||||
Loan No. | Mortgage Loan | Balance | Pool Balance | Required | DSCR | Maximum LTV | Yield | |||||||
2 | 3 Park Avenue | $60,000,000 | 5.2% | Yes | 1.85x | 49.0% | 8.85% | |||||||
7 | 101 California | $40,000,000 | 3.5% | Yes | N/A | 51.5% | 8.35% | |||||||
19 | Atrium Two | $25,500,000 | 2.2% | No | 1.35x | 78.8% | 8.75% | |||||||
32 | Residence Inn Anaheim Hills Yorba Linda | $14,900,000 | 1.3% | Yes | 2.34x | 58.4% | 11.5% |
(36) | Loan No. 2 – 3 Park Avenue - Underwritten NOI DSCR, Underwritten NCF DSCR, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, Underwritten NOI, Underwritten NCF and Occupancy include TransPerfect Translations (“TransPerfect”), (the 2nd Largest Tenant at the Mortgaged Property representing 13.7% of NRA and 15.0% of underwritten base rent with a lease expiration date of September 30, 2019). TransPerfect recently announced that it will be vacating its space at the Mortgaged Property upon lease expiration. Excluding the TransPerfect tenant, the Underwritten NOI is $13,287,938, the Underwritten NCF is $11,469,290, the Underwritten NCF DSCR is 1.31x and the occupancy is 71.9%. |
Loan No. 8 – Soho Beach House - The Soho Beach House Mortgaged Property currently has 49 guestrooms. As part of the borrower sponsor’s planned renovations at the Soho Beach House Mortgaged Property for 2019 (for which the borrower deposited $2,500,000 into the FF&E reserve account on the origination date of the Soho Beach House Whole Loan), the borrower expects to convert the penthouse event space into a 1,500 sq. ft. guestroom. The upfront deposit of $2,500,000 is for budgeted or lender approved capital expenditures, property improvements and replacement FF&E at the Soho Beach House Mortgaged Property (funds on deposit may be released to the borrower upon satisfaction of specified disbursement conditions) and is not specifically earmarked for the penthouse renovation (estimated by the appraisal to cost approximately $765,000). Upon completion of the 2019 planned renovation, the Mortgaged Property is expected to have 50 operational guestrooms.
Loan No. 18 – Spring Hollow Apartments – The debt service coverage ratio trigger period is defined as 1.15x and if no debt service coverage ratio trigger period occurs during the first three years of the loan term the debt service coverage ratio trigger period will be defined as 1.10x.
Loan No. 20 – The Landing Apartments – The debt service coverage ratio trigger period is defined as 1.05x for the first four quarters . From and after the commencement of the second year of the term, the debt service coverage ratio trigger period will be defined as 1.10x.
Loan No. 21 – Union Bay Apartments – The debt service coverage ratio trigger period is defined as 1.20x after the first four quarters. There is no debt service coverage ratio trigger for the first year of the loan term.
A-1-63