0001539497-19-000435.txt : 20190318 0001539497-19-000435.hdr.sgml : 20190318 20190318165312 ACCESSION NUMBER: 0001539497-19-000435 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190318 DATE AS OF CHANGE: 20190318 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Benchmark 2019-B10 Mortgage Trust CENTRAL INDEX KEY: 0001766367 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-226943-02 FILM NUMBER: 19688882 BUSINESS ADDRESS: STREET 1: 60 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: (212) 250-2500 MAIL ADDRESS: STREET 1: 60 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE MORTGAGE & ASSET RECEIVING CORP CENTRAL INDEX KEY: 0001013454 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 043310019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 60 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: (212) 250-2500 MAIL ADDRESS: STREET 1: 60 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10005 FWP 1 n1555_anxa1-x4.htm FREE WRITING PROSPECTUS

    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.

 
     

 

 

 

 

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

 

A-1-52

 

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

 

A-1-53

 

● 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.

 

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