FWP 1 n1886-x2_anxa1.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226943-05
     

     
 

 

COMM 2019-GC44

 

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., Goldman Sachs & Co. 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 COMM 2019-GC44 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2019-GC44 (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.

 

 
     

 

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

% of

 

Mortgage

 

Cut-off

 

 

 

General

Detailed

 

 

Interest

Original

Remaining

Original

 

 

 

Initial Pool

# of

Loan

Original

Date

 

Maturity

 

Property

Property

Interest

Administrative

Accrual

Term to

Term to

Amortization

Loan

ID

Property Name

Balance

Properties

Seller(1)

Balance($)(3)(9)

Balance($)(3)

 

or ARD Balance($)

 

Type(4)(5)

Type

Rate(6)

Fee Rate(7)

Basis

Maturity or ARD

Maturity or ARD

Term

Loan

1

Century Plaza Towers(2)(33)(35)

7.3%

1

GACC

75,000,000

75,000,000

 

75,000,000

 

Office

CBD

3.0045%

0.01188%

Actual/360

120

119

0

Loan

2

180 Water(2)(33)(34)(35)

6.1%

1

GACC

62,500,000

62,500,000

 

62,500,000

 

Multifamily

High Rise

3.410377%

0.01188%

Actual/360

60

59

0

Loan

3

The Shoppes at Blackstone Valley(2)(35)

5.4%

1

GSMC

55,000,000

55,000,000

 

46,125,464

 

Retail

Anchored

3.8443%

0.01188%

Actual/360

120

119

360

Loan

4

Weston Kentucky Portfolio

5.1%

3

GSMC

52,253,500

52,253,500

 

52,253,500

 

Industrial

Various

3.3530%

0.02188%

Actual/360

120

119

0

Property

4.01

Westport Distribution Center

2.5%

1

GSMC

25,541,823

25,541,823

 

 

 

Industrial

Warehouse/Distribution

 

 

 

 

 

 

Property

4.02

Bluegrass Corporate Center

1.3%

1

GSMC

13,518,318

13,518,318

 

 

 

Industrial

Flex

 

 

 

 

 

 

Property

4.03

Jefferson Trade Center

1.3%

1

GSMC

13,193,359

13,193,359

 

 

 

Industrial

Flex

 

 

 

 

 

 

Loan

5

225 Bush(2)(33)

4.9%

1

GACC

50,000,000

50,000,000

 

50,000,000

 

Office

CBD

3.3030%

0.01188%

Actual/360

60

59

0

Loan

6

USAA Office Portfolio(2)

4.4%

4

GSMC

45,000,000

45,000,000

 

45,000,000

 

Office

Suburban

3.3700%

0.01188%

Actual/360

121

116

0

Property

6.01

Legacy Corporate Centre I & II

1.3%

1

GSMC

13,589,109

13,589,109

 

 

 

Office

Suburban

 

 

 

 

 

 

Property

6.02

Crosstown Center I

1.2%

1

GSMC

12,549,505

12,549,505

 

 

 

Office

Suburban

 

 

 

 

 

 

Property

6.03

Crosstown Center II

1.1%

1

GSMC

11,138,614

11,138,614

 

 

 

Office

Suburban

 

 

 

 

 

 

Property

6.04

Legacy Corporate Centre III

0.8%

1

GSMC

7,722,772

7,722,772

 

 

 

Office

Suburban

 

 

 

 

 

 

Loan

7

PCI Pharma Portfolio(2)

3.9%

5

GSMC

40,000,000

40,000,000

 

40,000,000

 

Various

Various

3.3790%

0.01188%

Actual/360

120

119

0

Property

7.01

3001 Red Lion Road

1.8%

1

GSMC

18,102,929

18,102,929

 

 

 

Industrial

R&D/Flex

 

 

 

 

 

 

Property

7.02

4536 & 4545 Assembly Drive

1.2%

1

GSMC

12,679,282

12,679,282

 

 

 

Industrial

Warehouse/Distribution

 

 

 

 

 

 

Property

7.03

6166 Nancy Ridge Drive

0.5%

1

GSMC

4,772,810

4,772,810

 

 

 

Office

Suburban Flex

 

 

 

 

 

 

Property

7.04

6146 Nancy Ridge Drive

0.3%

1

GSMC

3,133,663

3,133,663

 

 

 

Office

Suburban Flex

 

 

 

 

 

 

Property

7.05

1635 & 1639 New Milford School Road

0.1%

1

GSMC

1,311,317

1,311,317

 

 

 

Industrial

Warehouse

 

 

 

 

 

 

Loan

8

Elston Retail Collection(2)

3.9%

1

CREFI

40,000,000

39,918,185

 

28,397,553

 

Retail

Anchored

3.6500%

0.02188%

Actual/360

120

119

300

Loan

9

55 Green Street

3.6%

1

GSMC

36,600,000

36,600,000

 

36,600,000

 

Office

CBD

3.4510%

0.03188%

Actual/360

120

119

0

Loan

10

The Essex Site 2(2)(21)(33)(34)

3.4%

1

GSMC

35,100,000

35,100,000

 

35,100,000

 

Mixed Use

Multifamily/Retail

2.7590%

0.01188%

Actual/360

84

83

0

Loan

11

Legends at Village West(2)

3.4%

1

CREFI

35,000,000

34,948,301

 

31,690,606

 

Retail

Anchored

3.8600%

0.03063%

Actual/360

60

59

360

Loan

12

Midtown Center(2)(33)

3.2%

1

GSMC

32,525,000

32,525,000

 

32,525,000

 

Office

CBD

3.0850%

0.01188%

Actual/360

120

118

0

Loan

13

Broadcasting Square(2)

3.1%

1

CREFI

32,000,000

32,000,000

 

32,000,000

 

Retail

Power Center

3.1600%

0.02188%

Actual/360

120

119

0

Loan

14

Westland Fair

3.1%

1

GSMC

31,500,000

31,500,000

 

28,285,300

 

Retail

Anchored

3.4000%

0.03188%

Actual/360

120

119

360

Loan

15

Cobb Place(2)

2.4%

1

GSMC

25,000,000

25,000,000

 

22,506,615

 

Retail

Anchored

3.5420%

0.02188%

Actual/360

84

83

360

Loan

16

Tri Pointe Plaza

2.2%

1

CREFI

22,165,000

22,165,000

 

22,165,000

 

Mixed Use

Office/Retail

3.6600%

0.01188%

Actual/360

120

119

0

Loan

17

Villa Carlotta(35)

2.0%

1

CREFI

20,500,000

20,500,000

 

20,500,000

 

Multifamily

Mid Rise

4.0100%

0.04188%

Actual/360

120

119

0

Loan

18

Wind Creek Leased Fee(2)

1.9%

1

GACC

20,000,000

19,923,773

 

17,121,720

 

Other

Leased Fee

4.3800%

0.01188%

Actual/360

120

116

420

Loan

19

BOA Building Tulsa

1.8%

1

GACC

18,340,000

18,133,706

 

13,741,487

 

Office

CBD

5.0500%

0.01188%

Actual/360

120

113

300

Loan

20

Embassy Suites Laredo(35)

1.8%

1

GACC

18,000,000

18,000,000

 

15,093,878

 

Hospitality

Full Service

3.8390%

0.01188%

Actual/360

120

118

360

Loan

21

Brookside Park Apartments

1.7%

1

CREFI

17,525,000

17,525,000

 

17,525,000

 

Multifamily

Garden

3.7500%

0.01188%

Actual/360

120

119

0

Loan

22

Brentwood Town Center

1.7%

1

GSMC

17,500,000

17,500,000

 

17,500,000

 

Retail

Unanchored

3.2570%

0.01188%

Actual/360

120

119

0

Loan

23

Residence Inn Phoenix Chandler South

1.7%

1

GSMC

17,500,000

17,500,000

 

14,864,822

 

Hospitality

Extended Stay

4.3000%

0.01188%

Actual/360

120

119

360

Loan

24

Spectrum Apartments

1.7%

1

CREFI

17,500,000

17,500,000

 

17,500,000

 

Multifamily

Mid Rise

4.0500%

0.01188%

Actual/360

120

119

0

Loan

25

874 Springfield

1.7%

1

CREFI

17,500,000

17,474,012

 

13,816,029

 

Retail

Anchored

3.8300%

0.01188%

Actual/360

120

119

360

Loan

26

Keystone Crossing

1.6%

1

GSMC

16,750,000

16,724,346

 

13,138,352

 

Mixed Use

Office/Retail

3.6550%

0.01188%

Actual/360

120

119

360

Loan

27

Townhomes at Highfield Commons

1.6%

1

GSMC

16,600,000

16,600,000

 

15,041,958

 

Multifamily

Townhomes

3.9123%

0.01188%

Actual/360

120

119

360

Loan

28

Millennium Park Plaza(2)

1.5%

1

GSMC

15,000,000

15,000,000

 

15,000,000

 

Mixed Use

Multifamily/Office/Retail

3.6600%

0.01188%

Actual/360

120

116

0

Loan

29

Claremont Apartments

1.5%

1

GSMC

14,880,000

14,880,000

 

14,880,000

 

Multifamily

Garden

3.4200%

0.06063%

Actual/360

120

119

0

Loan

30

Ledges One

1.4%

1

GSMC

14,500,000

14,500,000

 

14,500,000

 

Multifamily

Garden

3.6840%

0.01188%

Actual/360

120

119

0

Loan

31

North Attleboro Center

1.4%

1

GACC

13,923,000

13,923,000

 

13,923,000

 

Retail

Anchored

3.6550%

0.01188%

Actual/360

120

119

0

Loan

32

Hampton Inn Summerlin

1.3%

1

CREFI

13,800,000

13,772,964

 

9,915,286

 

Hospitality

Limited Service

3.9500%

0.01188%

Actual/360

120

119

300

Loan

33

Home2 Suites Hanford Lemoore

1.3%

1

GSMC

13,000,000

12,981,269

 

10,327,159

 

Hospitality

Extended Stay

4.0000%

0.01188%

Actual/360

120

119

360

Loan

34

Young Innovations Portfolio

1.1%

2

GACC

11,110,290

11,110,290

 

11,110,290

 

Industrial

Flex

3.5780%

0.01188%

Actual/360

120

119

0

Property

34.01

Young Innovations Earth City

0.6%

1

GACC

6,588,660

6,588,660

 

 

 

Industrial

Flex

 

 

 

 

 

 

Property

34.02

Young Innovations Algonquin

0.4%

1

GACC

4,521,630

4,521,630

 

 

 

Industrial

Flex

 

 

 

 

 

 

Loan

35

Oxy Lofts

0.9%

1

GSMC

9,000,000

9,000,000

 

9,000,000

 

Multifamily

Garden

3.7280%

0.01188%

Actual/360

120

119

0

Loan

36

Bushwick Multifamily Portfolio

0.8%

3

CREFI

8,500,000

8,500,000

 

8,500,000

 

Multifamily

Mid Rise

3.8700%

0.01188%

Actual/360

120

119

0

Property

36.01

682 Chauncey Street

0.4%

1

CREFI

4,100,000

4,100,000

 

 

 

Multifamily

Mid Rise

 

 

 

 

 

 

Property

36.02

1441 Bushwick Ave

0.2%

1

CREFI

2,290,000

2,290,000

 

 

 

Multifamily

Mid Rise

 

 

 

 

 

 

Property

36.03

22 Granite Street

0.2%

1

CREFI

2,110,000

2,110,000

 

 

 

Multifamily

Mid Rise

 

 

 

 

 

 

Loan

37

Newpark Flats Apartments

0.8%

1

GSMC

8,000,000

8,000,000

 

8,000,000

 

Multifamily

Garden

3.3500%

0.06063%

Actual/360

120

119

0

Loan

38

City Pointe Apartments & Townhomes

0.7%

1

GACC

7,250,000

7,250,000

 

6,546,766

 

Multifamily

Garden

3.7130%

0.04063%

Actual/360

120

119

360

Loan

39

Hub at Vista Palomar Park(35)

0.7%

1

GSMC

7,200,000

7,200,000

 

7,200,000

 

Retail

Unanchored

3.6490%

0.01188%

Actual/360

120

119

0

Loan

40

152 South 4th Street

0.6%

1

CREFI

5,750,000

5,750,000

 

5,750,000

 

Multifamily

Mid Rise

3.7000%

0.01188%

Actual/360

120

119

0

Loan

41

155 Meserole Street

0.5%

1

CREFI

5,450,000

5,450,000

 

5,450,000

 

Multifamily

Mid Rise

3.7000%

0.01188%

Actual/360

120

119

0

Loan

42

119 Guernsey Street

0.5%

1

CREFI

5,090,000

5,090,000

 

5,090,000

 

Multifamily

Mid Rise

3.7000%

0.01188%

Actual/360

120

119

0

Loan

43

273 Leonard Street

0.5%

1

CREFI

5,000,000

5,000,000

 

5,000,000

 

Multifamily

Mid Rise

3.7000%

0.01188%

Actual/360

120

119

0

 

A-1-1

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pari Passu

Pari Passu

 

 

 

 

 

 

Remaining

 

First

 

 

 

Monthly

Annual

Companion Loan

Companion Loan

Remaining

 

 

 

 

 

Amortization

Origination

Payment

Maturity

ARD Loan

Final

Debt

Debt

Monthly Debt

Annual Debt

Interest Only

 

Cash

Loan

ID

Property Name

Term

Date

Date

or ARD Date

(Yes/No)

Maturity Date

Service($)(8)

Service($)(8)

Service($)

Service($)

Period

 Lockbox(10)

 Management(11)

Loan

1

Century Plaza Towers(2)(33)(35)

0

10/21/2019

12/09/2019

11/09/2029

No

11/09/2029

190,389

2,284,672

2,094,283

25,131,391

119

Hard

Springing

Loan

2

180 Water(2)(33)(34)(35)

0

10/18/2019

12/06/2019

11/06/2024

No

11/06/2024

180,091

2,161,090

216,109

2,593,308

59

Hard

In Place

Loan

3

The Shoppes at Blackstone Valley(2)(35)

360

11/01/2019

12/01/2019

11/06/2029

No

11/06/2029

257,666

3,091,986

510,646

6,127,755

23

Hard

Springing

Loan

4

Weston Kentucky Portfolio

0

11/01/2019

12/06/2019

11/06/2029

No

11/06/2029

148,033

1,776,394

 

 

119

Springing Hard

Springing

Property

4.01

Westport Distribution Center

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

4.02

Bluegrass Corporate Center

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

4.03

Jefferson Trade Center

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

5

225 Bush(2)(33)

0

10/11/2019

12/06/2019

11/06/2024

No

11/06/2024

139,536

1,674,438

428,656

5,143,872

59

Hard

Springing

Loan

6

USAA Office Portfolio(2)

0

07/02/2019

08/06/2019

08/06/2029

No

08/06/2029

128,130

1,537,563

562,065

6,744,774

116

Hard

Springing

Property

6.01

Legacy Corporate Centre I & II

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.02

Crosstown Center I

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.03

Crosstown Center II

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.04

Legacy Corporate Centre III

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

7

PCI Pharma Portfolio(2)

0

10/31/2019

12/06/2019

11/06/2029

No

11/06/2029

114,198

1,370,372

195,564

2,346,762

119

Hard

Springing

Property

7.01

3001 Red Lion Road

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.02

4536 & 4545 Assembly Drive

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.03

6166 Nancy Ridge Drive

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.04

6146 Nancy Ridge Drive

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.05

1635 & 1639 New Milford School Road

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

8

Elston Retail Collection(2)

299

10/31/2019

12/06/2019

11/06/2029

No

11/06/2029

203,482

2,441,780

152,611

1,831,335

0

Springing Hard

Springing

Loan

9

55 Green Street

0

11/01/2019

12/06/2019

11/06/2029

No

11/06/2029

106,717

1,280,609

 

 

119

Hard

In Place

Loan

10

The Essex Site 2(2)(21)(33)(34)

0

10/25/2019

12/01/2019

11/01/2026

No

11/01/2026

81,822

981,859

190,917

2,291,005

83

Hard

Springing

Loan

11

Legends at Village West(2)

359

10/22/2019

12/06/2019

11/06/2024

No

11/06/2024

164,283

1,971,394

398,973

4,787,671

0

Hard

Springing

Loan

12

Midtown Center(2)(33)

0

09/30/2019

11/11/2019

10/11/2029

Yes

09/30/2033

84,778

1,017,332

910,920

10,931,044

118

Hard

Springing

Loan

13

Broadcasting Square(2)

0

11/01/2019

12/06/2019

11/06/2029

No

11/06/2029

85,437

1,025,244

80,097

961,167

119

Hard

In Place

Loan

14

Westland Fair

360

10/30/2019

12/06/2019

11/06/2029

No

11/06/2029

139,697

1,676,359

 

 

59

Hard

Springing

Loan

15

Cobb Place(2)

360

10/24/2019

12/06/2019

11/06/2026

No

11/06/2026

112,848

1,354,177

67,709

812,506

23

Hard

In Place

Loan

16

Tri Pointe Plaza

0

10/17/2019

12/06/2019

11/06/2029

No

11/06/2029

68,542

822,506

 

 

119

Hard

Springing

Loan

17

Villa Carlotta(35)

0

11/06/2019

12/06/2019

11/06/2029

No

11/06/2029

69,456

833,467

 

 

119

Springing Hard

Springing

Loan

18

Wind Creek Leased Fee(2)

416

07/23/2019

09/06/2019

08/06/2029

No

08/06/2029

93,171

1,118,046

589,769

7,077,233

0

Hard

In Place

Loan

19

BOA Building Tulsa

293

04/18/2019

06/06/2019

05/06/2029

No

05/06/2029

107,749

1,292,985

 

 

0

Hard

Springing

Loan

20

Embassy Suites Laredo(35)

360

10/03/2019

11/06/2019

10/06/2029

No

10/06/2029

84,272

1,011,269

 

 

22

Hard

Springing

Loan

21

Brookside Park Apartments

0

11/05/2019

12/06/2019

11/06/2029

No

11/06/2029

55,526

666,315

 

 

119

Springing Hard

Springing

Loan

22

Brentwood Town Center

0

10/18/2019

12/06/2019

11/06/2029

No

11/06/2029

48,158

577,891

 

 

119

Springing Hard

Springing

Loan

23

Residence Inn Phoenix Chandler South

360

10/23/2019

12/06/2019

11/06/2029

No

11/06/2029

86,603

1,039,230

 

 

23

None

In Place

Loan

24

Spectrum Apartments

0

10/31/2019

12/06/2019

11/06/2029

No

11/06/2029

59,883

718,594

 

 

119

Springing Hard

Springing

Loan

25

874 Springfield

359

10/29/2019

12/06/2019

11/06/2029

No

11/06/2029

81,842

982,100

 

 

0

Hard

Springing

Loan

26

Keystone Crossing

359

10/10/2019

12/06/2019

11/06/2029

No

11/06/2029

76,672

920,060

 

 

0

Hard

Springing

Loan

27

Townhomes at Highfield Commons

360

11/01/2019

12/06/2019

11/06/2029

No

11/06/2029

78,414

940,967

 

 

59

Soft

In Place

Loan

28

Millennium Park Plaza(2)

0

07/19/2019

09/06/2019

08/06/2029

No

08/06/2029

46,385

556,625

603,010

7,236,125

116

Soft (Residential) / Hard (Nonresidential)

Springing

Loan

29

Claremont Apartments

0

10/11/2019

12/06/2019

11/06/2029

No

11/06/2029

42,997

515,964

 

 

119

None

None

Loan

30

Ledges One

0

10/23/2019

12/06/2019

11/06/2029

No

11/06/2029

45,133

541,599

 

 

119

None

None

Loan

31

North Attleboro Center

0

11/04/2019

12/06/2019

11/06/2029

No

11/06/2029

42,996

515,954

 

 

119

Hard

Springing

Loan

32

Hampton Inn Summerlin

299

10/31/2019

12/06/2019

11/06/2029

No

11/06/2029

72,461

869,532

 

 

0

Hard

Springing

Loan

33

Home2 Suites Hanford Lemoore

359

10/17/2019

12/06/2019

11/06/2029

No

11/06/2029

62,064

744,768

 

 

0

Springing Hard

Springing

Loan

34

Young Innovations Portfolio

0

10/11/2019

12/06/2019

11/06/2029

No

11/06/2029

33,587

403,047

 

 

119

Hard

Springing

Property

34.01

Young Innovations Earth City

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

34.02

Young Innovations Algonquin

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

35

Oxy Lofts

0

10/31/2019

12/06/2019

11/06/2029

No

11/06/2029

28,348

340,180

 

 

119

Soft

Springing

Loan

36

Bushwick Multifamily Portfolio

0

10/30/2019

12/06/2019

11/06/2029

No

11/06/2029

27,793

333,519

 

 

119

Springing Soft

Springing

Property

36.01

682 Chauncey Street

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

36.02

1441 Bushwick Ave

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

36.03

22 Granite Street

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

37

Newpark Flats Apartments

0

10/31/2019

12/06/2019

11/06/2029

No

11/06/2029

22,644

271,722

 

 

119

None

None

Loan

38

City Pointe Apartments & Townhomes

360

10/25/2019

12/06/2019

11/06/2029

No

11/06/2029

33,424

401,086

 

 

59

Springing Soft

Springing

Loan

39

Hub at Vista Palomar Park(35)

0

10/28/2019

12/06/2019

11/06/2029

No

11/06/2029

22,198

266,377

 

 

119

Springing Hard

Springing

Loan

40

152 South 4th Street

0

10/25/2019

12/06/2019

11/06/2029

No

11/06/2029

17,975

215,705

 

 

119

Springing Soft

Springing

Loan

41

155 Meserole Street

0

10/25/2019

12/06/2019

11/06/2029

No

11/06/2029

17,038

204,451

 

 

119

Springing Soft

Springing

Loan

42

119 Guernsey Street

0

10/25/2019

12/06/2019

11/06/2029

No

11/06/2029

15,912

190,946

 

 

119

Springing Soft

Springing

Loan

43

273 Leonard Street

0

10/25/2019

12/06/2019

11/06/2029

No

11/06/2029

15,631

187,569

 

 

119

Springing Soft

Springing

 

A-1-2

 

 

COMM 2019-GC44

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

LTV Ratio at

Loan

ID

Property Name

Other Loans

Borrower

NOI DSCR(8)(12)

NCF DSCR(8)(12)

Period(14)

Date

Value ($)(15)(16)

As-of Date(15)

(Yes/No)

Ratio(9)(12)(15)(16)

Maturity or ARD(12)(15)

Loan

1

Century Plaza Towers(2)(33)(35)

No

No

4.42x

4.09x

0

9

2,302,000,000

09/24/2019

Yes

39.1%

39.1%

Loan

2

180 Water(2)(33)(34)(35)

No

No

3.17x

3.15x

0

6

451,500,000

09/18/2019

Yes

30.5%

30.5%

Loan

3

The Shoppes at Blackstone Valley(2)(35)

No

No

1.61x

1.53x

5 days grace, other than the payment due on the Maturity Date

1

238,700,000

08/14/2019

Yes

68.7%

57.6%

Loan

4

Weston Kentucky Portfolio

No

No

3.32x

3.06x

0

6

80,400,000

09/25/2019

Yes

59.5%

65.0%

Property

4.01

Westport Distribution Center

 

 

 

 

 

 

37,800,000

08/28/2019

Yes

 

 

Property

4.02

Bluegrass Corporate Center

 

 

 

 

 

 

20,100,000

08/28/2019

Yes

 

 

Property

4.03

Jefferson Trade Center

 

 

 

 

 

 

19,600,000

08/28/2019

Yes

 

 

Loan

5

225 Bush(2)(33)

No

No

4.00x

3.85x

0

6

589,000,000

09/05/2019

Yes

34.6%

34.6%

Loan

6

USAA Office Portfolio(2)

No

No

2.86x

2.84x

0

6

380,000,000

06/07/2019

Yes

63.8%

63.8%

Property

6.01

Legacy Corporate Centre I & II

 

 

 

 

 

 

114,824,056

06/07/2019

Yes

 

 

Property

6.02

Crosstown Center I

 

 

 

 

 

 

106,065,678

06/07/2019

Yes

 

 

Property

6.03

Crosstown Center II

 

 

 

 

 

 

93,934,322

06/07/2019

Yes

 

 

Property

6.04

Legacy Corporate Centre III

 

 

 

 

 

 

65,175,943

06/07/2019

Yes

 

 

Loan

7

PCI Pharma Portfolio(2)

No

Yes - A

2.77x

2.61x

0

6

165,940,000

Various

Yes

65.4%

65.4%

Property

7.01

3001 Red Lion Road

 

 

 

 

 

 

75,100,000

10/10/2019

Yes

 

 

Property

7.02

4536 & 4545 Assembly Drive

 

 

 

 

 

 

52,600,000

10/11/2019

Yes

 

 

Property

7.03

6166 Nancy Ridge Drive

 

 

 

 

 

 

19,800,000

10/10/2019

Yes

 

 

Property

7.04

6146 Nancy Ridge Drive

 

 

 

 

 

 

13,000,000

10/10/2019

Yes

 

 

Property

7.05

1635 & 1639 New Milford School Road

 

 

 

 

 

 

5,440,000

10/11/2019

Yes

 

 

Loan

8

Elston Retail Collection(2)

No

No

1.46x

1.44x

0

6

105,000,000

09/04/2019

Yes

66.5%

47.3%

Loan

9

55 Green Street

No

No

2.53x

2.46x

0

6

64,300,000

02/01/2020

Yes

56.9%

56.9%

Loan

10

The Essex Site 2(2)(21)(33)(34)

No

No

3.68x

3.66x

0

1

293,000,000

08/21/2019

Yes

39.9%

39.9%

Loan

11

Legends at Village West(2)

No

No

1.68x

1.67x

5

6

225,000,000

09/01/2021

Yes

53.3%

48.3%

Loan

12

Midtown Center(2)(33)

No

No

4.02x

3.98x

0

11

960,000,000

08/23/2019

Yes

39.8%

39.8%

Loan

13

Broadcasting Square(2)

No

No

3.83x

3.50x

0

6

120,000,000

09/09/2019

Yes

51.7%

51.7%

Loan

14

Westland Fair

No

No

2.01x

1.91x

0

6

45,100,000

09/10/2019

Yes

69.8%

62.7%

Loan

15

Cobb Place(2)

No

No

2.00x

1.90x

0

6

54,500,000

09/25/2019

Yes

73.4%

66.1%

Loan

16

Tri Pointe Plaza

No

No

2.60x

2.45x

0

6

34,100,000

09/23/2019

Yes

65.0%

65.0%

Loan

17

Villa Carlotta(35)

No

No

1.98x

1.97x

0

6

33,900,000

09/20/2019

Yes

60.5%

60.5%

Loan

18

Wind Creek Leased Fee(2)

No

No

1.27x

1.27x

0

6

172,500,000

04/23/2019

Yes

84.7%

72.8%

Loan

19

BOA Building Tulsa

No

No

1.75x

1.55x

0

6

26,200,000

02/14/2019

Yes

69.2%

52.4%

Loan

20

Embassy Suites Laredo(35)

No

No

2.51x

2.18x

0

6

25,800,000

09/06/2020

Yes

69.8%

58.5%

Loan

21

Brookside Park Apartments

No

No

2.25x

2.17x

0

6

29,600,000

10/10/2019

Yes

59.2%

59.2%

Loan

22

Brentwood Town Center

No

No

2.89x

2.85x

0

6

35,000,000

09/22/2019

Yes

50.0%

50.0%

Loan

23

Residence Inn Phoenix Chandler South

No

No

2.04x

1.84x

0

6

29,900,000

08/14/2019

Yes

58.5%

49.7%

Loan

24

Spectrum Apartments

No

No

1.85x

1.82x

0

6

26,000,000

10/09/2019

Yes

67.3%

67.3%

Loan

25

874 Springfield

No

No

1.73x

1.61x

0

6

24,600,000

07/01/2019

Yes

71.0%

56.2%

Loan

26

Keystone Crossing

No

No

2.07x

1.91x

0

6

23,900,000

07/30/2019

Yes

70.0%

55.0%

Loan

27

Townhomes at Highfield Commons

No

No

1.53x

1.50x

0

6

24,700,000

09/24/2019

Yes

67.2%

60.9%

Loan

28

Millennium Park Plaza(2)

No

No

2.01x

2.01x

0

6

319,000,000

06/10/2019

Yes

65.8%

65.8%

Loan

29

Claremont Apartments

No

No

2.45x

2.42x

0

6

21,600,000

09/12/2019

Yes

68.9%

68.9%

Loan

30

Ledges One

No

No

2.29x

2.26x

0

6

22,450,000

09/11/2019

Yes

64.6%

64.6%

Loan

31

North Attleboro Center

No

No

3.76x

3.46x

0

6

27,000,000

09/11/2019

Yes

51.6%

51.6%

Loan

32

Hampton Inn Summerlin

No

No

1.95x

1.76x

0

6

22,000,000

09/01/2020

Yes

62.6%

45.1%

Loan

33

Home2 Suites Hanford Lemoore

No

No

2.40x

2.22x

0

6

20,200,000

08/30/2019

Yes

64.3%

51.1%

Loan

34

Young Innovations Portfolio

No

Yes - A

2.83x

2.75x

0

6

17,200,000

Various

Yes

64.6%

64.6%

Property

34.01

Young Innovations Earth City

 

 

 

 

 

 

10,200,000

09/11/2019

Yes

 

 

Property

34.02

Young Innovations Algonquin

 

 

 

 

 

 

7,000,000

09/12/2019

Yes

 

 

Loan

35

Oxy Lofts

No

No

1.98x

1.96x

0

6

14,900,000

09/23/2019

Yes

60.4%

60.4%

Loan

36

Bushwick Multifamily Portfolio

No

No

1.92x

1.89x

0

6

13,300,000

08/22/2019

Yes

63.9%

63.9%

Property

36.01

682 Chauncey Street

 

 

 

 

 

 

6,420,000

08/22/2019

Yes

 

 

Property

36.02

1441 Bushwick Ave

 

 

 

 

 

 

3,300,000

08/22/2019

Yes

 

 

Property

36.03

22 Granite Street

 

 

 

 

 

 

3,580,000

08/22/2019

Yes

 

 

Loan

37

Newpark Flats Apartments

No

No

2.67x

2.64x

0

6

15,300,000

09/26/2019

Yes

52.3%

52.3%

Loan

38

City Pointe Apartments & Townhomes

No

No

1.75x

1.69x

0

6

11,400,000

09/05/2019

Yes

63.6%

57.4%

Loan

39

Hub at Vista Palomar Park(35)

No

No

2.75x

2.68x

0

6

11,750,000

09/12/2019

Yes

61.3%

61.3%

Loan

40

152 South 4th Street

No

Yes - B

1.90x

1.89x

0

6

8,900,000

08/27/2019

Yes

64.6%

64.6%

Loan

41

155 Meserole Street

No

Yes - B

1.90x

1.88x

0

6

8,500,000

08/27/2019

Yes

64.1%

64.1%

Loan

42

119 Guernsey Street

No

Yes - B

1.89x

1.87x

0

6

7,800,000

08/27/2019

Yes

65.3%

65.3%

Loan

43

273 Leonard Street

No

Yes - B

1.96x

1.95x

0

6

7,700,000

08/27/2019

Yes

64.9%

64.9%

 

A-1-3

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net

Units

Loan per Net

 

 

 

 

 

 

 

 

 

Year

Year

Rentable Area

of

Rentable Area

 

Loan

ID

Property Name

Address

City

County

State

Zip Code

Built

Renovated

(SF/Units/Rooms)(4)(16)

Measure

(SF/Units/Rooms) $(12)

 

Loan

1

Century Plaza Towers(2)(33)(35)

2029 & 2049 Century Park East

Los Angeles

Los Angeles

CA

90067

1975

2015

2,401,641

Sq. Ft.

375

 

Loan

2

180 Water(2)(33)(34)(35)

180 Water Street

New York

New York

NY

10038

1971

2017

573

Units

239,965

 

Loan

3

The Shoppes at Blackstone Valley(2)(35)

70 Worcester Providence Turnpike

Millbury

Worcester

MA

01527

2003-2004

NAP

787,071

Sq. Ft.

208

 

Loan

4

Weston Kentucky Portfolio

Various

Louisville

Jefferson

KY

Various

Various

NAP

1,446,260

Sq. Ft.

36

 

Property

4.01

Westport Distribution Center

12710 Westport Road

Louisville

Jefferson

KY

40245

1981-1990

NAP

690,160

Sq. Ft.

37

 

Property

4.02

Bluegrass Corporate Center

10100 Bluegrass Parkway

Louisville

Jefferson

KY

40299

1972

NAP

394,200

Sq. Ft.

34

 

Property

4.03

Jefferson Trade Center

3600 Chamberlain Lane

Louisville

Jefferson

KY

40241

1981

NAP

361,900

Sq. Ft.

36

 

Loan

5

225 Bush(2)(33)

225 Bush Street

San Francisco

San Francisco

CA

94104

1922, 1955

2010-2013

579,987

Sq. Ft.

351

 

Loan

6

USAA Office Portfolio(2)

Various

Various

Various

Various

Various

Various

NAP

881,490

Sq. Ft.

275

 

Property

6.01

Legacy Corporate Centre I & II

5601 Legacy Drive and 7300 Parkwood Boulevard

Plano

Collin

TX

75024

1999

NAP

238,926

Sq. Ft.

306

 

Property

6.02

Crosstown Center I

9527 Delaney Creek Boulevard

Tampa

Hillsborough

FL

33619

2015

NAP

260,869

Sq. Ft.

259

 

Property

6.03

Crosstown Center II

9519 Delaney Creek Boulevard

Tampa

Hillsborough

FL

33619

2018

NAP

236,550

Sq. Ft.

254

 

Property

6.04

Legacy Corporate Centre III

7400 Parkwood Boulevard

Plano

Collin

TX

75024

2019

NAP

145,145

Sq. Ft.

287

 

Loan

7

PCI Pharma Portfolio(2)

Various

Various

Various

Various

Various

Various

Various

1,356,188

Sq. Ft.

80

 

Property

7.01

3001 Red Lion Road

3001 Red Lion Road

Philadelphia

Philadelphia

PA

19114

1954

2002

447,000

Sq. Ft.

110

 

Property

7.02

4536 & 4545 Assembly Drive

4536 & 4545 Assembly Drive

Rockford

Winnebago

IL

61109

1989

2003, 2005, 2012, 2018

768,400

Sq. Ft.

45

 

Property

7.03

6166 Nancy Ridge Drive

6166 Nancy Ridge Drive

San Diego

San Diego

CA

92121

1996

2016

37,583

Sq. Ft.

344

 

Property

7.04

6146 Nancy Ridge Drive

6146 Nancy Ridge Drive

San Diego

San Diego

CA

92121

1987

2017

24,785

Sq. Ft.

343

 

Property

7.05

1635 & 1639 New Milford School Road

1635 & 1639 New Milford School Road

Rockford

Winnebago

IL

61109

1996

2001

78,420

Sq. Ft.

45

 

Loan

8

Elston Retail Collection(2)

2100 North Elston Avenue

Chicago

Cook

IL

60614

2004

NAP

178,704

Sq. Ft.

391

 

Loan

9

55 Green Street

55 Green Street

San Francisco

San Francisco

CA

94111

1984

2019

54,414

Sq. Ft.

673

 

Loan

10

The Essex Site 2(2)(21)(33)(34)

125 Delancey Street

New York

New York

NY

10002

2019

NAP

205,070

Sq. Ft.

571

 

Loan

11

Legends at Village West(2)

1843 Village West Parkway

Kansas City

Wyandotte

KS

66111

2005

2019

702,750

Sq. Ft.

171

 

Loan

12

Midtown Center(2)(33)

1100 15th Street Northwest

Washington

District of Columbia

DC

20005

2017

NAP

867,654

Sq. Ft.

440

 

Loan

13

Broadcasting Square(2)

2756 Paper Mill Road

Wyomissing

Berks

PA

19610

2000

NAP

471,735

Sq. Ft.

131

 

Loan

14

Westland Fair

1251-1291 South Decatur Boulevard

Las Vegas

Clark

NV

89102

1971-2006

2006

214,127

Sq. Ft.

147

 

Loan

15

Cobb Place(2)

840 Ernest W Barrett Parkway Northwest

Kennesaw

Cobb

GA

30144

1987

NAP

335,191

Sq. Ft.

119

 

Loan

16

Tri Pointe Plaza

4400, 4410 & 4488 West Boy Scout Boulevard

Tampa

Hillsborough

FL

33607

2008

NAP

72,608

Sq. Ft.

305

 

Loan

17

Villa Carlotta(35)

5959 Franklin Avenue

Los Angeles

Los Angeles

CA

90028

1922, 1926

2016-2018

52

Units

394,231

 

Loan

18

Wind Creek Leased Fee(2)

77 Sands Boulevard

Bethlehem

Northampton

PA

18015

NAP

NAP

2,608,541

Sq. Ft.

56

 

Loan

19

BOA Building Tulsa

15 West 6th Street

Tulsa

Tulsa

OK

74119

1968

NAP

299,342

Sq. Ft.

61

 

Loan

20

Embassy Suites Laredo(35)

110 Calle del Norte

Laredo

Webb

TX

78041

2005

2016

154

Rooms

116,883

 

Loan

21

Brookside Park Apartments

565 St. Johns Avenue Southwest

Atlanta

Fulton

GA

30315

2005

2015

201

Units

87,189

 

Loan

22

Brentwood Town Center

13050 San Vicente Boulevard

Los Angeles

Los Angeles

CA

90049

1992

NAP

12,962

Sq. Ft.

1,350

 

Loan

23

Residence Inn Phoenix Chandler South

2727 West Queen Creek Road

Chandler

Maricopa

AZ

85248

2018

NAP

142

Rooms

123,239

 

Loan

24

Spectrum Apartments

815 Southeast 9th Avenue

Minneapolis

Hennepin

MN

55414

2017

NAP

118

Units

148,305

 

Loan

25

874 Springfield

874 Springfield Avenue

Irvington

Essex

NJ

07111

1990

NAP

98,250

Sq. Ft.

178

 

Loan

26

Keystone Crossing

8480, 8500 & 8520 Keystone Crossing

Indianapolis

Marion

IN

46240

1984, 2007

NAP

117,779

Sq. Ft.

142

 

Loan

27

Townhomes at Highfield Commons

6 & 12 Truman Circle and 33, 38, 43, 46, 52, 55, 58, 63, 64 & 71 Monroe Drive

Rochester

Strafford

NH

03867

2016-2019

NAP

96

Units

172,917

 

Loan

28

Millennium Park Plaza(2)

151-155 North Michigan Avenue

Chicago

Cook

IL

60601

1982

2015

560,083

Sq. Ft.

375

 

Loan

29

Claremont Apartments

500 North Quincy Street

Abington

Plymouth

MA

02351

1971

2016-2018

91

Units

163,516

 

Loan

30

Ledges One

505 Everhope Avenue

Greer

Spartanburg

SC

29651

2015-2017

NAP

103

Units

140,777

 

Loan

31

North Attleboro Center

1505 South Washington Street & 40 Cumberland Avenue

North Attleboro

Bristol

MA

02760

1994, 1999

NAP

157,024

Sq. Ft.

89

 

Loan

32

Hampton Inn Summerlin

7100 Cascade Valley Court

Las Vegas

Clark

NV

89128

1998

NAP

127

Rooms

108,449

 

Loan

33

Home2 Suites Hanford Lemoore

1589 Glendale Avenue

Hanford

Kings

CA

93230

2017

NAP

87

Rooms

149,210

 

Loan

34

Young Innovations Portfolio

Various

Various

Various

Various

Various

Various

Various

212,400

Sq. Ft.

52

 

Property

34.01

Young Innovations Earth City

13705 Shoreline Court East

Earth City

Saint Louis

MO

63045

1981

1991

117,400

Sq. Ft.

56

 

Property

34.02

Young Innovations Algonquin

2260 Wendt Street

Algonquin

McHenry

IL

60102

2007

NAP

95,000

Sq. Ft.

48

 

Loan

35

Oxy Lofts

4547 Eagle Rock Boulevard

Los Angeles

Los Angeles

CA

90041

2011

NAP

32

Units

281,250

 

Loan

36

Bushwick Multifamily Portfolio

Various

Brooklyn

Kings

NY

11207

Various

Various

22

Units

386,364

 

Property

36.01

682 Chauncey Street

682 Chauncey Street

Brooklyn

Kings

NY

11207

2017

NAP

10

Units

410,000

 

Property

36.02

1441 Bushwick Ave

1441 Bushwick Avenue

Brooklyn

Kings

NY

11207

1911

2017

6

Units

381,667

 

Property

36.03

22 Granite Street

22 Granite Street

Brooklyn

Kings

NY

11207

1911

2017

6

Units

351,667

 

Loan

37

Newpark Flats Apartments

6033 Park Lane South

Park City

Summit

UT

84098

2018

NAP

43

Units

186,047

 

Loan

38

City Pointe Apartments & Townhomes

401 Jeanette Benton Drive

Evansville

Vanderburgh

IN

47713

1999

2019

112

Units

64,732

 

Loan

39

Hub at Vista Palomar Park(35)

3211-3265 Business Park Drive

Vista

San Diego

CA

92081

1999

2017

27,650

Sq. Ft.

260

 

Loan

40

152 South 4th Street

152 South 4th Street

Brooklyn

Kings

NY

11211

1887

2015

8

Units

718,750

 

Loan

41

155 Meserole Street

155 Meserole Street

Brooklyn

Kings

NY

11206

1887

2015

12

Units

454,167

 

Loan

42

119 Guernsey Street

119 Guernsey Street

Brooklyn

Kings

NY

11222

1916

2015

8

Units

636,250

 

Loan

43

273 Leonard Street

273 Leonard Street

Brooklyn

Kings

NY

11211

1901

2015

7

Units

714,286

 

 

 

A-1-4

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Most

Second

Second

Second

Third Most

Third

Third

Third

 

 

 

Prepayment Provisions

Most Recent Operating

Most Recent

Most Recent

Most Recent

Recent Operating

Most Recent

Most Recent

Most Recent

Recent Operating

Most Recent

Most Recent

Most Recent

Loan

ID

Property Name

(# of payments)(17)(18)(19)

Statements Date(13)

EGI ($)(13)

Expenses($)(13)

NOI($)(13)

Statements Date

EGI($)

Expenses($)

NOI($)

Statements Date

EGI($)

Expenses($)

NOI($)

Loan

1

Century Plaza Towers(2)(33)(35)

YM1(25), DorYM1(90), O(5)

09/30/2019

120,890,660

37,547,742

83,342,918

12/31/2018

125,317,446

36,292,891

89,024,555

12/31/2017

117,379,087

34,178,955

83,200,132

Loan

2

180 Water(2)(33)(34)(35)

L(25), D(31), O(4)

06/30/2019

27,974,070

14,855,308

13,118,762

12/31/2018

26,646,594

14,981,570

11,665,024

 

 

 

 

Loan

3

The Shoppes at Blackstone Valley(2)(35)

L(25), D(88), O(7)

08/31/2019

18,578,998

4,518,587

14,060,411

12/31/2018

18,936,797

4,833,324

14,103,473

12/31/2017

19,150,138

4,783,415

14,366,723

Loan

4

Weston Kentucky Portfolio

L(25), YM1(90), O(5)

08/31/2019

8,018,493

1,912,935

6,105,558

12/31/2018

7,803,720

1,929,927

5,873,793

12/31/2017

7,616,869

1,868,742

5,748,127

Property

4.01

Westport Distribution Center

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

4.02

Bluegrass Corporate Center

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

4.03

Jefferson Trade Center

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

5

225 Bush(2)(33)

L(25), D(29), O(6)

08/31/2019

36,531,101

12,018,844

24,512,257

12/31/2018

36,782,955

11,108,481

25,674,474

12/31/2017

35,806,940

11,018,547

24,788,393

Loan

6

USAA Office Portfolio(2)

L(11), YM1(106), O(4)

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.01

Legacy Corporate Centre I & II

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.02

Crosstown Center I

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.03

Crosstown Center II

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.04

Legacy Corporate Centre III

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

7

PCI Pharma Portfolio(2)

L(23), YM1(2), DorYM1(91), O(4)

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.01

3001 Red Lion Road

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.02

4536 & 4545 Assembly Drive

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.03

6166 Nancy Ridge Drive

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.04

6146 Nancy Ridge Drive

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.05

1635 & 1639 New Milford School Road

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

8

Elston Retail Collection(2)

L(25), D(92), O(3)

T-7 7/31/2019 Ann.

6,436,828

236,566

6,200,262

12/31/2018

6,407,444

215,823

6,191,621

12/31/2017

6,312,553

226,063

6,086,490

Loan

9

55 Green Street

L(11), YM1(102), O(7)

 

 

 

 

 

 

 

 

 

 

 

 

Loan

10

The Essex Site 2(2)(21)(33)(34)

L(25), D(54), O(5)

 

 

 

 

 

 

 

 

 

 

 

 

Loan

11

Legends at Village West(2)

L(25), D(31), O(4)

08/31/2019

23,089,427

11,476,129

11,613,298

12/31/2018

22,260,380

10,976,852

11,283,528

12/31/2017

22,860,496

11,073,853

11,786,643

Loan

12

Midtown Center(2)(33)

L(26), D(87), O(7)

 

 

 

 

 

 

 

 

 

 

 

 

Loan

13

Broadcasting Square(2)

L(25), D(92), O(3)

08/31/2019

11,207,977

2,744,042

8,463,935

12/31/2018

11,308,845

2,756,142

8,552,703

12/31/2017

11,120,033

2,553,077

8,566,956

Loan

14

Westland Fair

L(25), D(91), O(4)

12/31/2018

4,284,623

977,870

3,306,753

12/31/2017

4,314,878

934,494

3,380,384

12/31/2016

4,212,063

950,766

3,261,297

Loan

15

Cobb Place(2)

L(25), D(54), O(5)

06/30/2019

5,807,016

1,457,779

4,349,237

12/31/2018

5,718,934

1,284,751

4,434,183

12/31/2017

5,587,471

1,300,499

4,286,971

Loan

16

Tri Pointe Plaza

L(25), D(92), O(3)

08/31/2019

2,992,375

852,919

2,139,456

12/31/2018

2,856,878

843,084

2,013,794

12/31/2017

2,511,755

767,215

1,744,540

Loan

17

Villa Carlotta(35)

L(25), D(91), O(4)

09/30/2019

2,323,672

1,218,092

1,105,580

 

 

 

 

 

 

 

 

Loan

18

Wind Creek Leased Fee(2)

L(28), D(87), O(5)

 

 

 

 

 

 

 

 

 

 

 

 

Loan

19

BOA Building Tulsa

L(31), D(86), O(3)

01/31/2019

4,034,576

1,945,304

2,089,272

12/31/2018

4,009,599

1,984,627

2,024,972

12/31/2017

3,943,781

2,088,919

1,854,862

Loan

20

Embassy Suites Laredo(35)

L(26), D(87), O(7)

08/31/2019

8,304,939

5,631,452

2,673,486

12/31/2018

7,811,725

5,456,208

2,355,517

12/31/2017

7,561,405

5,191,662

2,369,742

Loan

21

Brookside Park Apartments

L(25), D(91), O(4)

09/30/2019

3,039,118

1,362,516

1,676,602

12/31/2018

2,913,568

1,299,714

1,613,854

12/31/2017

2,673,773

1,316,469

1,357,304

Loan

22

Brentwood Town Center

L(25), D(91), O(4)

12/31/2018

1,905,024

619,111

1,285,913

12/31/2017

1,817,067

583,111

1,233,956

 

 

 

 

Loan

23

Residence Inn Phoenix Chandler South

L(25), D(91), O(4)

09/30/2019

5,105,186

2,918,394

2,186,792

 

 

 

 

 

 

 

 

Loan

24

Spectrum Apartments

L(25), YM1(91), O(4)

08/31/2019

2,306,658

967,156

1,339,502

12/31/2018

2,300,922

825,941

1,474,982

 

 

 

 

Loan

25

874 Springfield

L(25), D(90), O(5)

07/31/2019

2,124,983

707,356

1,417,627

12/31/2018

2,079,557

657,191

1,422,366

12/31/2017

1,986,434

645,676

1,340,758

Loan

26

Keystone Crossing

L(25), D(91), O(4)

05/31/2019

2,602,093

1,030,177

1,571,915

12/31/2018

2,650,109

966,716

1,683,393

12/31/2017

2,305,568

920,405

1,385,163

Loan

27

Townhomes at Highfield Commons

L(25), D(91), O(4)

08/31/2019

1,845,651

498,908

1,346,743

12/31/2018

1,397,009

497,601

899,408

12/31/2017

1,237,504

527,753

709,751

Loan

28

Millennium Park Plaza(2)

L(28), D(85), O(7)

05/31/2019

22,194,678

6,549,845

15,644,833

12/31/2018

21,775,900

6,410,039

15,365,861

12/31/2017

20,409,860

6,198,041

14,211,819

Loan

29

Claremont Apartments

L(25), D(91), O(4)

08/31/2019

1,769,982

638,854

1,131,128

12/31/2018

1,693,511

652,649

1,040,861

12/31/2017

1,608,323

592,648

1,015,675

Loan

30

Ledges One

L(25), D(91), O(4)

T-1 8/31/2019 Ann.

1,841,099

699,763

1,141,336

 

 

 

 

 

 

 

 

Loan

31

North Attleboro Center

L(25), D(90), O(5)

08/31/2019

2,554,722

681,452

1,873,270

12/31/2018

2,060,643

575,336

1,485,307

12/31/2017

1,912,487

592,753

1,319,734

Loan

32

Hampton Inn Summerlin

L(25), D(92), O(3)

08/31/2019

4,184,540

2,374,136

1,810,404

12/31/2018

4,040,806

2,339,702

1,701,104

12/31/2017

3,974,328

2,316,702

1,657,626

Loan

33

Home2 Suites Hanford Lemoore

L(25), D(91), O(4)

08/31/2019

3,488,641

1,695,140

1,793,501

12/31/2018

3,211,562

1,687,753

1,523,809

 

 

 

 

Loan

34

Young Innovations Portfolio

L(23), YM1(2), DorYM1(90), O(5)

 

 

 

 

 

 

 

 

 

 

 

 

Property

34.01

Young Innovations Earth City

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

34.02

Young Innovations Algonquin

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

35

Oxy Lofts

L(25), D(91), O(4)

08/31/2019

1,039,930

389,230

650,700

12/31/2018

976,112

379,173

596,939

12/31/2017

992,331

283,066

709,265

Loan

36

Bushwick Multifamily Portfolio

L(25), D(91), O(4)

Various

691,024

81,733

609,291

 

 

 

 

 

 

 

 

Property

36.01

682 Chauncey Street

 

10/31/2019

283,742

22,990

260,752

 

 

 

 

 

 

 

 

Property

36.02

1441 Bushwick Ave

 

10/31/2019

196,747

28,307

168,440

12/31/2018

189,372

24,377

164,995

12/31/2017

203,630

20,692

182,938

Property

36.03

22 Granite Street

 

09/30/2019

210,534

30,436

180,098

12/31/2018

207,309

31,301

176,009

12/31/2017

211,684

40,257

171,427

Loan

37

Newpark Flats Apartments

L(25), D(91), O(4)

 

 

 

 

 

 

 

 

 

 

 

 

Loan

38

City Pointe Apartments & Townhomes

L(25), D(91), O(4)

08/31/2019

980,091

343,228

636,862

12/31/2018

743,782

334,342

409,440

12/31/2017

219,227

187,461

31,766

Loan

39

Hub at Vista Palomar Park(35)

L(25), D(91), O(4)

07/31/2019

1,017,136

336,440

680,696

12/31/2018

889,103

324,039

565,064

 

 

 

 

Loan

40

152 South 4th Street

L(25), D(92), O(3)

06/30/2019

467,372

57,817

409,554

12/31/2018

465,570

59,421

406,149

12/31/2017

454,055

61,009

393,047

Loan

41

155 Meserole Street

L(25), D(92), O(3)

06/30/2019

506,324

114,116

392,208

12/31/2018

500,648

111,534

389,114

12/31/2017

474,969

89,483

385,486

Loan

42

119 Guernsey Street

L(25), D(92), O(3)

06/30/2019

420,927

60,484

360,442

12/31/2018

420,525

57,420

363,105

12/31/2017

341,075

55,841

285,234

Loan

43

273 Leonard Street

L(25), D(92), O(3)

06/30/2019

395,232

45,384

349,848

12/31/2018

377,950

45,578

332,372

12/31/2017

404,275

44,218

360,057

 

A-1-5

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwritten NOI

Underwritten NCF

 Underwritten

 Underwritten

 Underwritten

 Underwritten

 Underwritten

Underwritten

Underwritten

Ownership

Ground Lease

Ground Lease

 

 

Loan

ID

Property Name

Debt Yield(9)(12)

Debt Yield(9)(12)

 Revenue($)

 EGI($)

 Expenses($)

 NOI ($)(13)

 Reserves($)

TI/LC($)

NCF ($)

Interest

 Expiration(20)

 Extension Terms(20)

Largest Tenant(22)(23)(24)(25)(26)

SF 

Loan

1

Century Plaza Towers(2)(33)(35)

13.5%

12.5%

167,331,712

158,615,968

37,470,212

121,145,756

480,328

8,415,062

112,250,366

Fee Simple

 

 

Bank of America

149,508

Loan

2

180 Water(2)(33)(34)(35)

11.0%

10.9%

32,826,742

30,028,135

14,955,048

15,073,087

117,355

 

14,955,732

Fee Simple

 

 

Citibank

3,496

Loan

3

The Shoppes at Blackstone Valley(2)(35)

9.0%

8.6%

20,054,088

19,047,577

4,228,958

14,818,619

68,703

666,997

14,082,919

Fee Simple

 

 

Target

127,000

Loan

4

Weston Kentucky Portfolio

12.3%

11.4%

8,261,325

7,829,482

1,931,595

5,897,886

280,011

174,172

5,443,704

Fee Simple

 

 

 

 

Property

4.01

Westport Distribution Center

 

 

 

 

 

 

 

 

 

Fee Simple

 

 

Westport Axle Corporation

231,000

Property

4.02

Bluegrass Corporate Center

 

 

 

 

 

 

 

 

 

Fee Simple

 

 

ABB EP Industrial Solutions

37,000

Property

4.03

Jefferson Trade Center

 

 

 

 

 

 

 

 

 

Fee Simple

 

 

Hexagon Chemical

18,700

Loan

5

225 Bush(2)(33)

13.4%

12.9%

44,006,816

41,830,321

14,566,655

27,263,666

115,997

869,981

26,277,688

Fee Simple

 

 

Twitch Interactive

84,035

Loan

6

USAA Office Portfolio(2)

9.8%

9.7%

32,829,436

31,543,524

7,885,881

23,657,643

176,298

 

23,481,345

Fee Simple

 

 

 

 

Property

6.01

Legacy Corporate Centre I & II

 

 

9,256,484

8,793,660

2,198,415

6,595,245

47,785

 

6,547,460

Fee Simple

 

 

USAA

238,926

Property

6.02

Crosstown Center I

 

 

9,350,565

8,883,037

2,220,759

6,662,278

52,174

 

6,610,104

Fee Simple

 

 

USAA

260,869

Property

6.03

Crosstown Center II

 

 

8,692,763

8,475,444

2,118,861

6,356,583

47,310

 

6,309,273

Fee Simple

 

 

USAA

236,550

Property

6.04

Legacy Corporate Centre III

 

 

5,529,624

5,391,383

1,347,846

4,043,538

29,029

 

4,014,509

Fee Simple

 

 

USAA

145,145

Loan

7

PCI Pharma Portfolio(2)

9.5%

8.9%

11,159,629

10,601,648

318,049

10,283,599

203,428

386,514

9,693,657

Fee Simple

 

 

 

 

Property

7.01

3001 Red Lion Road

 

 

4,971,878

4,723,284

141,699

4,581,586

67,050

127,395

4,387,141

Fee Simple

 

 

PCI Pharma

447,000

Property

7.02

4536 & 4545 Assembly Drive

 

 

3,590,085

3,410,581

102,317

3,308,263

115,260

218,994

2,974,009

Fee Simple

 

 

PCI Pharma

768,400

Property

7.03

6166 Nancy Ridge Drive

 

 

1,369,404

1,300,934

39,028

1,261,906

5,637

10,711

1,245,557

Fee Simple

 

 

PCI Pharma

37,583

Property

7.04

6146 Nancy Ridge Drive

 

 

903,040

857,888

25,737

832,151

3,718

7,064

821,370

Fee Simple

 

 

PCI Pharma

24,785

Property

7.05

1635 & 1639 New Milford School Road

 

 

325,223

308,962

9,269

299,693

11,763

22,350

265,580

Fee Simple

 

 

PCI Pharma

78,420

Loan

8

Elston Retail Collection(2)

8.9%

8.8%

8,762,869

8,557,400

2,317,867

6,239,532

26,806

60,786

6,151,940

Fee Simple

 

 

Kohl’s

128,234

Loan

9

55 Green Street

8.8%

8.6%

4,585,179

4,355,920

1,117,620

3,238,300

10,883

77,540

3,149,877

Fee Simple

 

 

Getaround

54,414

Loan

10

The Essex Site 2(2)(21)(33)(34)

10.3%

10.3%

15,499,658

14,909,246

2,857,283

12,051,963

58,500

 

11,993,463

Fee Simple

 

 

Regal Cinemas

65,000

Loan

11

Legends at Village West(2)

9.5%

9.4%

23,956,373

22,757,007

11,382,857

11,374,151

119,463

 

11,254,688

Fee Simple

 

 

American Multi-Cinema, Inc.

88,270

Loan

12

Midtown Center(2)(33)

12.6%

12.4%

47,058,790

68,757,739

20,725,125

48,032,614

173,531

307,921

47,551,162

Fee Simple

 

 

Fannie Mae

713,500

Loan

13

Broadcasting Square(2)

12.3%

11.2%

11,914,944

10,775,794

3,168,868

7,606,926

155,673

507,923

6,943,331

Fee Simple

 

 

Weis Markets, Inc.

52,976

Loan

14

Westland Fair

10.7%

10.2%

5,168,861

4,448,918

1,072,552

3,376,366

42,825

134,302

3,199,238

Fee Simple

 

 

Michael’s

24,975

Loan

15

Cobb Place(2)

10.8%

10.3%

6,005,975

5,711,389

1,385,911

4,325,478

70,390

149,132

4,105,956

Fee Simple

 

 

American Signature Home

50,000

Loan

16

Tri Pointe Plaza

9.7%

9.1%

3,291,173

3,061,991

919,868

2,142,123

16,700

108,637

2,016,786

Fee Simple

 

 

Synovus Bank

15,765

Loan

17

Villa Carlotta(35)

8.1%

8.0%

3,116,796

2,871,861

1,219,320

1,652,541

13,000

 

1,639,541

Fee Simple

 

 

NAP

NAP

Loan

18

Wind Creek Leased Fee(2)

7.1%

7.1%

10,402,235

10,402,235

 

10,402,235

 

 

10,402,235

Fee Simple

 

 

NAP

NAP

Loan

19

BOA Building Tulsa

12.5%

11.0%

4,673,128

4,364,826

2,101,104

2,263,722

74,836

186,093

2,002,794

Fee Simple

 

 

Laredo Petroleum, Inc

94,582

Loan

20

Embassy Suites Laredo(35)

14.1%

12.3%

7,184,592

8,304,939

5,766,915

2,538,023

332,198

 

2,205,826

Fee Simple

 

 

NAP

NAP

Loan

21

Brookside Park Apartments

8.5%

8.3%

2,950,788

3,039,118

1,542,415

1,496,703

50,250

 

1,446,453

Fee Simple

 

 

NAP

NAP

Loan

22

Brentwood Town Center

9.5%

9.4%

2,390,544

2,275,186

604,173

1,671,013

3,241

23,178

1,644,595

Fee Simple

 

 

Blatteis & Schnur

2,115

Loan

23

Residence Inn Phoenix Chandler South

12.1%

11.0%

4,910,933

5,105,186

2,983,900

2,121,286

204,207

 

1,917,078

Fee Simple

 

 

NAP

NAP

Loan

24

Spectrum Apartments

7.6%

7.5%

2,292,177

2,423,469

1,092,249

1,331,220

23,600

 

1,307,620

Fee Simple

 

 

NAP

NAP

Loan

25

874 Springfield

9.7%

9.0%

2,548,182

2,420,773

720,233

1,700,540

14,738

109,359

1,576,443

Fee Simple

 

 

Springfield Foods Inc

30,000

Loan

26

Keystone Crossing

11.4%

10.5%

3,193,585

2,963,664

1,063,280

1,900,384

30,623

108,901

1,760,861

Leasehold

10/31/2067

None

Salem University, LLC

12,328

Loan

27

Townhomes at Highfield Commons

8.7%

8.5%

2,088,360

2,087,340

649,988

1,437,352

24,000

 

1,413,352

Fee Simple

 

 

NAP

NAP

Loan

28

Millennium Park Plaza(2)

7.5%

7.5%

15,260,112

22,411,024

6,752,423

15,658,602

11,400

 

15,647,202

Fee Simple

 

 

CenturyLink, Inc.

9,558

Loan

29

Claremont Apartments

8.5%

8.4%

1,936,980

1,885,282

618,876

1,266,406

18,200

 

1,248,206

Fee Simple

 

 

NAP

NAP

Loan

30

Ledges One

8.6%

8.4%

1,838,664

1,866,201

624,437

1,241,764

17,293

 

1,224,472

Fee Simple

 

 

NAP

NAP

Loan

31

North Attleboro Center

13.9%

12.8%

2,819,532

2,617,532

679,512

1,938,020

36,116

117,768

1,784,137

Fee Simple

 

 

Christmas Tree Shops

51,074

Loan

32

Hampton Inn Summerlin

12.3%

11.1%

4,184,703

4,184,540

2,485,039

1,699,501

167,382

 

1,532,119

Fee Simple

 

 

NAP

NAP

Loan

33

Home2 Suites Hanford Lemoore

13.8%

12.7%

3,488,381

3,488,641

1,699,010

1,789,631

139,546

 

1,650,086

Fee Simple

 

 

NAP

NAP

Loan

34

Young Innovations Portfolio

10.3%

10.0%

1,238,279

1,176,365

35,291

1,141,074

31,860

 

1,109,214

Fee Simple

 

 

 

 

Property

34.01

Young Innovations Earth City

 

 

 

 

 

 

 

 

 

Fee Simple

 

 

Young Innovations

117,400

Property

34.02

Young Innovations Algonquin

 

 

 

 

 

 

 

 

 

Fee Simple

 

 

Young Innovations

95,000

Loan

35

Oxy Lofts

7.5%

7.4%

1,069,945

1,051,520

377,069

674,452

7,840

 

666,612

Fee Simple

 

 

NAP

NAP

Loan

36

Bushwick Multifamily Portfolio

7.5%

7.4%

754,800

739,390

99,222

640,169

8,448

 

631,721

Fee Simple

 

 

 

 

Property

36.01

682 Chauncey Street

 

 

333,600

339,250

35,860

303,390

3,390

 

300,000

Fee Simple

 

 

NAP

NAP

Property

36.02

1441 Bushwick Ave

 

 

208,500

198,075

30,998

167,077

2,562

 

164,515

Fee Simple

 

 

NAP

NAP

Property

36.03

22 Granite Street

 

 

212,700

202,065

32,364

169,701

2,496

 

167,205

Fee Simple

 

 

NAP

NAP

Loan

37

Newpark Flats Apartments

9.1%

9.0%

1,048,800

1,081,189

355,848

725,341

8,600

 

716,741

Fee Simple

 

 

NAP

NAP

Loan

38

City Pointe Apartments & Townhomes

9.7%

9.4%

1,168,458

1,223,314

522,499

700,815

22,400

 

678,415

Fee Simple

 

 

NAP

NAP

Loan

39

Hub at Vista Palomar Park(35)

10.2%

9.9%

1,131,538

1,074,961

341,983

732,978

5,530

13,768

713,681

Fee Simple

 

 

Carlsbad Ranch Market

3,564

Loan

40

152 South 4th Street

7.1%

7.1%

481,320

469,280

59,835

409,445

2,272

 

407,173

Fee Simple

 

 

NAP

NAP

Loan

41

155 Meserole Street

7.1%

7.1%

523,200

511,104

121,961

389,143

3,828

 

385,315

Fee Simple

 

 

NAP

NAP

Loan

42

119 Guernsey Street

7.1%

7.0%

434,640

424,001

63,528

360,473

2,520

 

357,953

Fee Simple

 

 

NAP

NAP

Loan

43

273 Leonard Street

7.3%

7.3%

427,200

414,384

47,366

367,018

1,764

 

365,254

Fee Simple

 

 

NAP

NAP

 

A-1-6

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

 

Lease

 

 

Lease

 

 

Lease

 

 

Lease

Loan

ID

Property Name

Expiration(24)

2nd Largest Tenant(24)(26)

SF

Expiration(24)

3rd Largest Tenant(24)

SF

Expiration(24)

4th Largest Tenant(24)

SF

Expiration(24)

5th Largest Tenant(23)(24)

SF

Expiration(24)

Loan

1

Century Plaza Towers(2)(33)(35)

09/30/2029

Manatt Phelps

116,366

04/30/2035

JPMorgan

97,726

08/31/2021

Kirkland & Ellis

85,664

12/31/2034

Greenberg Glusker

83,199

02/28/2035

Loan

2

180 Water(2)(33)(34)(35)

04/30/2029

180 Water Donuts LLC

750

08/31/2029

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

3

The Shoppes at Blackstone Valley(2)(35)

01/31/2029

Kohl’s

87,141

02/03/2024

Cinema de Lux

72,000

06/30/2024

Dick’s Sporting Goods

54,159

01/31/2024

Marshalls

42,000

05/31/2024

Loan

4

Weston Kentucky Portfolio

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

4.01

Westport Distribution Center

05/31/2020

Dana Driveshaft Manufacturing, LLC

156,170

02/28/2026

Conagra Foods

128,990

12/31/2019

Dakkota Integrated Systems, LLC

74,000

10/31/2020

Grindmaster Corporation

37,500

07/31/2021

Property

4.02

Bluegrass Corporate Center

07/31/2022

Vision Dynamics LLC

28,000

03/31/2025

Logicmark LLC

15,000

08/31/2020

Kentucky Farm Bureau

14,184

10/31/2022

Revolution Church of KY

10,416

12/31/2022

Property

4.03

Jefferson Trade Center

06/30/2022

DC Ventures

17,000

03/31/2021

Fastenal Company

16,000

05/31/2023

Ladder Now, LLC

15,000

07/31/2021

Eventualities

13,600

12/31/2020

Loan

5

225 Bush(2)(33)

08/18/2021

LiveRamp, Inc

76,724

05/04/2022

Benefit Cosmetics, LLC

61,917

08/31/2020

Handshake

52,735

07/30/2027

SunRun

43,850

05/31/2024

Loan

6

USAA Office Portfolio(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

6.01

Legacy Corporate Centre I & II

12/31/2029

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

6.02

Crosstown Center I

08/31/2030

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

6.03

Crosstown Center II

12/31/2033

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

6.04

Legacy Corporate Centre III

10/31/2033

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

7

PCI Pharma Portfolio(2)

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

7.01

3001 Red Lion Road

10/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

7.02

4536 & 4545 Assembly Drive

10/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

7.03

6166 Nancy Ridge Drive

10/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

7.04

6146 Nancy Ridge Drive

10/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

7.05

1635 & 1639 New Milford School Road

10/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

8

Elston Retail Collection(2)

05/31/2030

Best Buy

45,720

01/31/2026

BMO Harris Bank

4,750

08/31/2025

NAP

NAP

NAP

NAP

NAP

NAP

Loan

9

55 Green Street

06/30/2029

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

10

The Essex Site 2(2)(21)(33)(34)

03/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

11

Legends at Village West(2)

08/31/2028

Dave & Busters

46,953

11/30/2022

TJ Maxx

29,956

10/31/2020

H&M

25,025

01/31/2028

Off Broadway Shoes

21,554

01/31/2026

Loan

12

Midtown Center(2)(33)

09/30/2033

WeWork

109,943

11/30/2036

Philotimo Hospitality Group LLC

12,319

03/31/2030

Shoto / Akedo

11,616

12/31/2029

Dauphine

6,465

05/31/2029

Loan

13

Broadcasting Square(2)

09/30/2025

Dick’s Sporting Goods

45,101

01/31/2021

Bed Bath & Beyond

30,066

01/31/2021

Marmaxx Corp.

30,000

01/31/2023

Ross

29,828

01/31/2022

Loan

14

Westland Fair

02/28/2021

PetSmart

24,880

04/30/2025

Smart and Final

21,000

12/31/2020

Skechers Outlet

15,000

06/30/2026

Office Depot

14,990

06/30/2024

Loan

15

Cobb Place(2)

01/31/2024

Ashley Furniture

42,871

04/14/2022

DSW Shoes

36,899

01/31/2024

Bed Bath & Beyond

35,096

01/31/2024

Hobbytown USA

30,277

12/31/2028

Loan

16

Tri Pointe Plaza

01/31/2029

Eddie V’s Holdings

10,895

04/30/2028

Benchmark International

10,176

05/31/2020

BNY Mellon, NA

7,269

06/30/2024

Body Sculpt of Tampa, LLC

5,460

05/31/2023

Loan

17

Villa Carlotta(35)

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

18

Wind Creek Leased Fee(2)

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

19

BOA Building Tulsa

01/31/2023

The Summit Corporation

31,430

12/31/2029

Bank of America, National Association

18,888

04/30/2024

Petroflow Energy Corporation

10,357

12/31/2019

Olifant Energy L.L.C.

10,357

09/30/2020

Loan

20

Embassy Suites Laredo(35)

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

21

Brookside Park Apartments

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

22

Brentwood Town Center

06/01/2025

Le Pain Quotidien

1,527

02/29/2024

CosBar

1,474

03/31/2027

Bar Method

1,320

07/31/2020

Paige

1,188

06/24/2027

Loan

23

Residence Inn Phoenix Chandler South

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

24

Spectrum Apartments

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

25

874 Springfield

09/30/2030

Blink Irvington Inc

12,000

05/31/2034

Dollar Tree

10,500

05/31/2024

BK Springfield

9,450

10/31/2023

Valley Fair Laundry LLC

5,200

05/31/2024

Loan

26

Keystone Crossing

05/31/2027

Sterling Jewelers, LLC

9,193

01/31/2028

Body Contour Centers

9,160

05/31/2028

General Services Administration

8,600

10/31/2020

Fidelity Real Estate Company/CBRE

7,730

12/31/2022

Loan

27

Townhomes at Highfield Commons

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

28

Millennium Park Plaza(2)

09/30/2023

Broadwing Communications

6,000

01/27/2020

Nandos of Michigan Ave LLC

4,055

10/31/2032

Angelini Ori Abate Law

3,900

11/30/2025

Ferrero USA Inc

2,785

05/31/2027

Loan

29

Claremont Apartments

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

30

Ledges One

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

31

North Attleboro Center

08/31/2028

Altitude Trampoline

30,100

09/30/2028

Planet Fitness

16,900

05/31/2028

Guitar Center

16,800

05/31/2028

David’s Bridal

11,700

12/31/2021

Loan

32

Hampton Inn Summerlin

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

33

Home2 Suites Hanford Lemoore

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

34

Young Innovations Portfolio

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

34.01

Young Innovations Earth City

08/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

34.02

Young Innovations Algonquin

08/31/2039

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

35

Oxy Lofts

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

36

Bushwick Multifamily Portfolio

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

36.01

682 Chauncey Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

36.02

1441 Bushwick Ave

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Property

36.03

22 Granite Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

37

Newpark Flats Apartments

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

38

City Pointe Apartments & Townhomes

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

39

Hub at Vista Palomar Park(35)

06/22/2027

Wells Fargo

3,250

10/31/2020

My Gym

2,800

04/30/2024

Cat & Craft

2,484

08/31/2023

Reform Yoga

2,361

02/28/2023

Loan

40

152 South 4th Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

41

155 Meserole Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

42

119 Guernsey Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

Loan

43

273 Leonard Street

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

NAP

 

A-1-7

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Upfront

Monthly

Upfront

Monthly

Upfront

 

 

 

 

Occupancy

Replacement

Replacement

TI/LC

TI/LC

Tax

Loan

ID

Property Name

Occupancy(4)(21)(26)

As-of Date

Reserves($)(28)

Reserves ($)(29)(31)

Reserves ($)(28)

Reserves ($)(29)(30)

Reserves ($)(28)

Loan

1

Century Plaza Towers(2)(33)(35)

92.9%

10/01/2019

 

 

 

 

 

Loan

2

180 Water(2)(33)(34)(35)

97.0%

10/17/2019

 

11,936

333,406

 

2,830,078

Loan

3

The Shoppes at Blackstone Valley(2)(35)

96.3%

10/31/2019

 

13,118

 

114,781

 

Loan

4

Weston Kentucky Portfolio

97.8%

10/31/2019

 

23,334

1,000,000

Springing

 

Property

4.01

Westport Distribution Center

100.0%

10/31/2019

 

 

 

 

 

Property

4.02

Bluegrass Corporate Center

94.2%

10/31/2019

 

 

 

 

 

Property

4.03

Jefferson Trade Center

97.5%

10/31/2019

 

 

 

 

 

Loan

5

225 Bush(2)(33)

97.8%

09/30/2019

 

9,666

 

96,665

3,012,292

Loan

6

USAA Office Portfolio(2)

100.0%

11/06/2019

 

Springing

 

Springing

 

Property

6.01

Legacy Corporate Centre I & II

100.0%

11/06/2019

 

 

 

 

 

Property

6.02

Crosstown Center I

100.0%

11/06/2019

 

 

 

 

 

Property

6.03

Crosstown Center II

100.0%

11/06/2019

 

 

 

 

 

Property

6.04

Legacy Corporate Centre III

100.0%

11/06/2019

 

 

 

 

 

Loan

7

PCI Pharma Portfolio(2)

100.0%

11/01/2019

 

Springing

 

Springing

 

Property

7.01

3001 Red Lion Road

100.0%

11/01/2019

 

 

 

 

 

Property

7.02

4536 & 4545 Assembly Drive

100.0%

11/01/2019

 

 

 

 

 

Property

7.03

6166 Nancy Ridge Drive

100.0%

11/01/2019

 

 

 

 

 

Property

7.04

6146 Nancy Ridge Drive

100.0%

11/01/2019

 

 

 

 

 

Property

7.05

1635 & 1639 New Milford School Road

100.0%

11/01/2019

 

 

 

 

 

Loan

8

Elston Retail Collection(2)

100.0%

08/31/2019

 

2,234

 

5,065

 

Loan

9

55 Green Street

100.0%

11/01/2019

 

6,805

 

 

58,299

Loan

10

The Essex Site 2(2)(21)(33)(34)

100.0%

09/10/2019

4,875

5,415

 

 

311,439

Loan

11

Legends at Village West(2)

92.1%

09/15/2019

 

9,955

10,000,000

Springing

3,569,900

Loan

12

Midtown Center(2)(33)

99.7%

08/31/2019

 

Springing

 

Springing

 

Loan

13

Broadcasting Square(2)

93.8%

09/27/2019

 

12,561

 

28,548

551,285

Loan

14

Westland Fair

93.3%

07/01/2019

 

3,569

500,000

Springing

83,851

Loan

15

Cobb Place(2)

94.7%

10/01/2019

 

5,866

500,000

20,833

107,436

Loan

16

Tri Pointe Plaza

100.0%

09/09/2019

 

1,183

 

9,076

183,789

Loan

17

Villa Carlotta(35)

90.4%

10/22/2019

 

1,083

 

 

80,502

Loan

18

Wind Creek Leased Fee(2)

NAP

NAP

 

Springing

 

Springing

 

Loan

19

BOA Building Tulsa

93.1%

11/01/2019

250,000

5,936

500,000

17,682

123,770

Loan

20

Embassy Suites Laredo(35)

89.4%

08/31/2019

 

Greater of (i) (x) from November 2019 to October 2020, 2.0%, (y) from November 2020 to October 2021, 3.0% and (z) from November 2021 and thereafter, 4.0% of the projected Gross Revenue for the Property for the prior month, (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 and the repair and replacement of the FF&E.

 

 

169,170

Loan

21

Brookside Park Apartments

93.0%

09/30/2019

298,564

4,188

 

 

68,231

Loan

22

Brentwood Town Center

95.1%

08/01/2019

 

270

200,000

Springing

34,794

Loan

23

Residence Inn Phoenix Chandler South

69.7%

09/30/2019

 

17,017

 

 

37,895

Loan

24

Spectrum Apartments

95.8%

10/04/2019

 

2,458

 

 

69,458

Loan

25

874 Springfield

99.4%

08/28/2019

 

1,228

 

8,188

38,825

Loan

26

Keystone Crossing

90.9%

10/03/2019

 

2,454

 

9,815

 

Loan

27

Townhomes at Highfield Commons

96.9%

10/24/2019

 

2,000

 

 

 

Loan

28

Millennium Park Plaza(2)

99.2%

05/31/2019

1,000,000

Springing

 

Springing

 

Loan

29

Claremont Apartments

100.0%

09/20/2019

 

1,517

 

 

29,565

Loan

30

Ledges One

99.0%

10/22/2019

 

1,717

 

 

234,592

Loan

31

North Attleboro Center

93.6%

06/30/2019

 

3,010

50,000

9,814

105,374

Loan

32

Hampton Inn Summerlin

78.1%

08/31/2019

 

13,949

 

 

39,656

Loan

33

Home2 Suites Hanford Lemoore

80.1%

08/31/2019

 

11,629

 

 

90,602

Loan

34

Young Innovations Portfolio

100.0%

12/06/2019

 

Springing

 

Springing

 

Property

34.01

Young Innovations Earth City

100.0%

12/06/2019

 

 

 

 

 

Property

34.02

Young Innovations Algonquin

100.0%

12/06/2019

 

 

 

 

 

Loan

35

Oxy Lofts

90.6%

10/28/2019

 

667

 

 

20,407

Loan

36

Bushwick Multifamily Portfolio

100.0%

Various

704

704

 

 

7,724

Property

36.01

682 Chauncey Street

100.0%

10/01/2019

 

 

 

 

 

Property

36.02

1441 Bushwick Ave

100.0%

09/01/2019

 

 

 

 

 

Property

36.03

22 Granite Street

100.0%

09/01/2019

 

 

 

 

 

Loan

37

Newpark Flats Apartments

95.3%

09/30/2019

 

717

 

 

5,166

Loan

38

City Pointe Apartments & Townhomes

92.0%

10/18/2019

 

1,867

 

 

4,568

Loan

39

Hub at Vista Palomar Park(35)

100.0%

08/01/2019

 

460

125,000

Springing

15,551

Loan

40

152 South 4th Street

100.0%

09/27/2019

 

133

 

 

8,990

Loan

41

155 Meserole Street

100.0%

09/27/2019

 

200

 

 

29,559

Loan

42

119 Guernsey Street

100.0%

09/27/2019

 

133

 

 

8,588

Loan

43

273 Leonard Street

100.0%

09/27/2019

 

117

 

 

3,221

 

A-1-8

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Monthly

Upfront

Monthly

Upfront

Upfront

Monthly

Other

Environmental

 

 

 

 

Tax

Insurance

Insurance

Engineering

Other

Other

Reserves

Report

Engineering

Loan

ID

Property Name

Reserves ($)(29)

Reserves($)(28)

Reserves ($)(29)

Reserve($)(28)

Reserves ($)(28)

Reserves ($)(29)

Description

Date(32)

Report Date

Loan

1

Century Plaza Towers(2)(33)(35)

Springing

 

Springing

 

100,769,680

 

Outstanding TI/LC Reserve (Upfront: 71,223,945.39); Free Rent Funds (Upfront: 29,545,734.88)

10/15/2019

10/11/2019

Loan

2

180 Water(2)(33)(34)(35)

739,930

100,505

82,813

 

4,100,046

Springing

Conversion Reserve (Upfront: 1,808,900); Operating Shortfall Reserve (Upfront: 1,200,000); Prepaid Rent Reserve (Upfront: 891,145.89; Monthly: Springing); Shortfall Reserve (Upfront: 200,000)

09/30/2019

09/27/2019

Loan

3

The Shoppes at Blackstone Valley(2)(35)

Springing

 

Springing

 

806,129

 

Unfunded Obligations Reserve

10/04/2019

09/30/2019

Loan

4

Weston Kentucky Portfolio

Springing

 

Springing

 

5,166,085

 

Earnout Reserve (Upfront: 4,840,000); Unfunded Obligations Reserve (Upfront: 326,084.66)

Various

09/13/2019

Property

4.01

Westport Distribution Center

 

 

 

 

 

 

 

09/13/2019

09/13/2019

Property

4.02

Bluegrass Corporate Center

 

 

 

 

 

 

 

09/13/2019

09/13/2019

Property

4.03

Jefferson Trade Center

 

 

 

 

 

 

 

09/18/2019

09/13/2019

Loan

5

225 Bush(2)(33)

376,536

838,031

119,719

 

4,983,228

 

Outstanding TI/LC Reserve (Upfront: 4,097,105.82); Rent Concession Reserve (Upfront: 886,121.68)

08/15/2019

08/12/2019

Loan

6

USAA Office Portfolio(2)

Springing

 

Springing

 

 

 

 

06/21/2019

Various

Property

6.01

Legacy Corporate Centre I & II

 

 

 

 

 

 

 

06/21/2019

06/24/2019

Property

6.02

Crosstown Center I

 

 

 

 

 

 

 

06/21/2019

06/19/2019

Property

6.03

Crosstown Center II

 

 

 

 

 

 

 

06/21/2019

06/19/2019

Property

6.04

Legacy Corporate Centre III

 

 

 

 

 

 

 

06/21/2019

06/21/2019

Loan

7

PCI Pharma Portfolio(2)

Springing

 

Springing

 

 

 

 

Various

Various

Property

7.01

3001 Red Lion Road

 

 

 

 

 

 

 

06/06/2019

10/15/2019

Property

7.02

4536 & 4545 Assembly Drive

 

 

 

 

 

 

 

06/06/2019

10/15/2019

Property

7.03

6166 Nancy Ridge Drive

 

 

 

 

 

 

 

08/21/2019

08/21/2019

Property

7.04

6146 Nancy Ridge Drive

 

 

 

 

 

 

 

08/21/2019

08/21/2019

Property

7.05

1635 & 1639 New Milford School Road

 

 

 

 

 

 

 

06/06/2019

10/15/2019

Loan

8

Elston Retail Collection(2)

Springing

 

Springing

78,950

 

 

 

10/04/2019

10/02/2019

Loan

9

55 Green Street

29,150

 

Springing

 

 

 

 

08/15/2019

08/15/2019

Loan

10

The Essex Site 2(2)(21)(33)(34)

62,288

 

Springing

 

 

 

 

08/27/2019

08/27/2019

Loan

11

Legends at Village West(2)

594,983

 

Springing

227,700

 

 

 

10/03/2019

10/03/2019

Loan

12

Midtown Center(2)(33)

Springing

 

Springing

 

32,330,342

 

Existing TI/LC Obligations Reserve (Upfront: 31,164,158.86); Rent Concession Reserve (Upfront: 1,166,183.54)

09/09/2019

09/09/2019

Loan

13

Broadcasting Square(2)

137,821

 

Springing

5,000

 

 

 

09/23/2019

09/23/2019

Loan

14

Westland Fair

14,161

14,919

7,459

6,600

35,000

 

Unfunded Obligations Reserve

09/23/2019

09/20/2019

Loan

15

Cobb Place(2)

53,718

13,234

6,617

32,588

291,231

 

Unfunded Obligations Reserve

08/26/2019

08/26/2019

Loan

16

Tri Pointe Plaza

20,421

 

Springing

 

 

 

 

08/01/2019

08/01/2019

Loan

17

Villa Carlotta(35)

16,480

11,095

2,774

 

 

 

 

10/17/2019

10/17/2019

Loan

18

Wind Creek Leased Fee(2)

Springing

 

Springing

 

1,365,880

Springing

Debt Service Reserve (Upfront: 1,365,879.90); Lease Sweep Funds (Monthly Springing: Excess Cash Flow)

07/17/2019

NAP

Loan

19

BOA Building Tulsa

20,628

27,769

4,628

 

513,125

 

Concessions Reserve Funds (Upfront: 443,215); Free Rent Reserve (Upfront: 69,910)

03/22/2019

03/13/2019

Loan

20

Embassy Suites Laredo(35)

18,797

 

Springing

73,700

4,550,000

 

PIP Reserve

09/12/2019

07/15/2019

Loan

21

Brookside Park Apartments

34,115

79,475

8,831

3,125

180,024

 

Debt Service Reserve (Upfront: 101,899.15); Radon Remediation Reserve (Upfront: 78,125)

10/16/2019

10/16/2019

Loan

22

Brentwood Town Center

17,397

 

Springing

 

126,412

 

Unfunded Obligations Reserve

10/17/2019

10/15/2019

Loan

23

Residence Inn Phoenix Chandler South

18,947

 

Springing

 

 

 

 

08/26/2019

08/26/2019

Loan

24

Spectrum Apartments

34,729

20,897

5,224

 

 

 

 

10/18/2019

10/16/2019

Loan

25

874 Springfield

38,825

 

Springing

 

 

 

 

09/06/2019

09/24/2019

Loan

26

Keystone Crossing

28,756

 

Springing

20,449

870,480

9,000

Unfunded Obligations Reserve (Upfront: 816,479.94); Ground Rent Reserve (Upfront: 54,000; Monthly: 9,000)

07/31/2019

07/30/2019

Loan

27

Townhomes at Highfield Commons

33,943

5,958

2,979

 

 

 

 

09/27/2019

09/27/2019

Loan

28

Millennium Park Plaza(2)

Springing

 

Springing

 

77,030

 

Unfunded Obligations Reserve

06/11/2019

06/12/2019

Loan

29

Claremont Apartments

14,783

 

Springing

 

 

 

 

09/18/2019

09/18/2019

Loan

30

Ledges One

18,587

 

Springing

 

 

 

 

09/19/2019

09/19/2019

Loan

31

North Attleboro Center

26,684

24,242

Springing

 

 

 

 

09/05/2019

09/06/2019

Loan

32

Hampton Inn Summerlin

6,609

5,182

2,591

 

1,921,340

 

PIP Reserve

09/10/2019

09/10/2019

Loan

33

Home2 Suites Hanford Lemoore

11,325

17,125

1,903

 

 

 

 

09/03/2019

09/03/2019

Loan

34

Young Innovations Portfolio

Springing

 

Springing

 

 

 

 

Various

Various

Property

34.01

Young Innovations Earth City

 

 

 

 

 

 

 

08/27/2019

08/27/2019

Property

34.02

Young Innovations Algonquin

 

 

 

 

 

 

 

08/28/2019

08/26/2019

Loan

35

Oxy Lofts

10,203

 

Springing

16,830

 

 

 

10/01/2019

10/01/2019

Loan

36

Bushwick Multifamily Portfolio

1,287

2,910

1,455

 

 

 

 

09/03/2019

09/03/2019

Property

36.01

682 Chauncey Street

 

 

 

 

 

 

 

09/03/2019

09/03/2019

Property

36.02

1441 Bushwick Ave

 

 

 

 

 

 

 

09/03/2019

09/03/2019

Property

36.03

22 Granite Street

 

 

 

 

 

 

 

09/03/2019

09/03/2019

Loan

37

Newpark Flats Apartments

5,166

1,591

799

 

 

 

 

10/01/2019

09/30/2019

Loan

38

City Pointe Apartments & Townhomes

4,568

22,787

2,715

15,625

 

 

 

09/16/2019

09/18/2019

Loan

39

Hub at Vista Palomar Park(35)

7,776

 

Springing

 

 

 

 

09/20/2019

09/20/2019

Loan

40

152 South 4th Street

1,798

2,606

237

1,250

 

 

 

09/06/2019

09/06/2019

Loan

41

155 Meserole Street

5,912

5,005

385

3,063

 

 

 

09/06/2019

09/06/2019

Loan

42

119 Guernsey Street

1,718

3,850

385

7,250

 

 

 

09/06/2019

09/06/2019

Loan

43

273 Leonard Street

644

4,151

377

3,500

 

 

 

09/06/2019

09/06/2019

 

A-1-9

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Franchise

 

 

 

 

 

 

Expiration

Loan

 

Loan

ID

Property Name

PML/SEL (%)

Date

Purpose

Sponsor(27)

Loan

1

Century Plaza Towers(2)(33)(35)

18.0%

NAP

Refinance

SPF JVP LLC; Luminance Acquisition Venture LLC

Loan

2

180 Water(2)(33)(34)(35)

NAP

NAP

Refinance

Nathan Berman

Loan

3

The Shoppes at Blackstone Valley(2)(35)

NAP

NAP

Refinance

Stephen R. Weiner; Adam J. Weiner; Jeremy M. Sclar; Thomas J. DeSimone; Richard A. Marks; Raanan Katz; David Katz; Samantha Perry David; Eric Smookler; Daniel Preysman

Loan

4

Weston Kentucky Portfolio

NAP

 

Refinance

Weston Inc.

Property

4.01

Westport Distribution Center

NAP

NAP

 

 

Property

4.02

Bluegrass Corporate Center

NAP

NAP

 

 

Property

4.03

Jefferson Trade Center

NAP

NAP

 

 

Loan

5

225 Bush(2)(33)

19.0%

NAP

Refinance

Kylli Inc.

Loan

6

USAA Office Portfolio(2)

NAP

 

Acquisition

JDM Real Estate Funds, LLC

Property

6.01

Legacy Corporate Centre I & II

NAP

NAP

 

 

Property

6.02

Crosstown Center I

NAP

NAP

 

 

Property

6.03

Crosstown Center II

NAP

NAP

 

 

Property

6.04

Legacy Corporate Centre III

NAP

NAP

 

 

Loan

7

PCI Pharma Portfolio(2)

Various

 

Acquisition

New Mountain Net Lease Corporation; New Mountain Net Lease Partners Corporation

Property

7.01

3001 Red Lion Road

NAP

NAP

 

 

Property

7.02

4536 & 4545 Assembly Drive

NAP

NAP

 

 

Property

7.03

6166 Nancy Ridge Drive

6.0%

NAP

 

 

Property

7.04

6146 Nancy Ridge Drive

12.0%

NAP

 

 

Property

7.05

1635 & 1639 New Milford School Road

NAP

NAP

 

 

Loan

8

Elston Retail Collection(2)

NAP

NAP

Refinance

Warren H. Baker; Marc A. Kahan

Loan

9

55 Green Street

15.0%

NAP

Refinance

David Sacks; Glenn A. Gilmore

Loan

10

The Essex Site 2(2)(21)(33)(34)

NAP

NAP

Refinance

Taconic Development Capital LLC; L&M Development Partners Inc.; Donald Capoccia; Brandon Baron; Joseph Ferrara

Loan

11

Legends at Village West(2)

NAP

NAP

Refinance

Walton Street Real Estate FUND VII, L.P., Walton Street Real Estate Investors VII, L.P., Walton Street Real Estate Fund VII-Q, L.P., Walton Street Real Estate Fund VII-E, L.P., Walton Street Real Estate Partners VII, L.P., Walton Street Real Estate Partners VII-NGE, L.P., Walton Street Real Estate Fund VII-NUS, L.P. and WSC Capital Holdings VII, L.P.

Loan

12

Midtown Center(2)(33)

NAP

NAP

Refinance

Carr Properties OC LLC

Loan

13

Broadcasting Square(2)

NAP

NAP

Refinance

POA Trust U/I/T Louise B. Grass 9/14/1994; Martin L. Grass Irrevocable Trust

Loan

14

Westland Fair

NAP

NAP

Acquisition

Kamyar Mateen; Tyler Mateen

Loan

15

Cobb Place(2)

NAP

NAP

Acquisition

Blake R. Berg; Mark C. Ibanez; Samuel H. Heide

Loan

16

Tri Pointe Plaza

NAP

NAP

Acquisition

Jeffrey J. Feil; Feil Properties L.L.C.

Loan

17

Villa Carlotta(35)

19.0%

NAP

Refinance

Gidi Cohen; Adrian Goldstein

Loan

18

Wind Creek Leased Fee(2)

NAP

NAP

Recapitalization

Jeffrey Gural; Barry Gosin; James Kuhn; Michael Perrucci; Richard Fischbein

Loan

19

BOA Building Tulsa

NAP

NAP

Refinance

Jacqueline E. Price Johannsen

Loan

20

Embassy Suites Laredo(35)

NAP

10/31/2034

Acquisition

Russell Flicker; Jonathan Rosenfeld; Bernard Michael; Chad Cooley

Loan

21

Brookside Park Apartments

NAP

NAP

Refinance

Alon Ossip; Ossip (2011) Trust; OSGA LP

Loan

22

Brentwood Town Center

10.0%

NAP

Refinance

Daniel J. Blatteis

Loan

23

Residence Inn Phoenix Chandler South

NAP

06/01/2038

Refinance

Richard E. Huffman; Santo M. Catanese; Alana M. Mann; Thomas B. Nelson

Loan

24

Spectrum Apartments

NAP

NAP

Refinance

Kent J. Roers; Brian J. Roers; Nicholas Walton

Loan

25

874 Springfield

NAP

NAP

Refinance

Ronnie Levy; Maurice Levy

Loan

26

Keystone Crossing

NAP

NAP

Refinance

JMS Capital Group, LLC; John M. Schneider

Loan

27

Townhomes at Highfield Commons

NAP

NAP

Refinance

Raymond B. Johnson III; Courtney Donaldson

Loan

28

Millennium Park Plaza(2)

NAP

NAP

Refinance

Donal P. Barry, Sr.

Loan

29

Claremont Apartments

NAP

NAP

Refinance

Thomas L. Bendheim

Loan

30

Ledges One

NAP

NAP

Refinance

David M. Conwill; Steven B. Kimmelman; Leslie S.R. Leohr

Loan

31

North Attleboro Center

NAP

NAP

Refinance

Jacob Wintner

Loan

32

Hampton Inn Summerlin

NAP

08/31/2033

Acquisition

Rup Kumar Nagala; Vani Nagala

Loan

33

Home2 Suites Hanford Lemoore

5.0%

03/31/2037

Refinance

Jayantilal M. Patel

Loan

34

Young Innovations Portfolio

NAP

 

Recapitalization

New Mountain Net Lease Corporation

Property

34.01

Young Innovations Earth City

NAP

NAP

 

 

Property

34.02

Young Innovations Algonquin

NAP

NAP

 

 

Loan

35

Oxy Lofts

9.0%

NAP

Refinance

Dario De Luca; Robert Colucci, Trustee of The Amended and Restated DPD Generational Trust dated 4/1/2004; Dario De Luca, Trustee of The Dario and Patricia De Luca Revocable Living Trust U/D/T 8/9/2000; Dario De Luca, Trustee of The DPD Ranch Trust dated 11/21/2008

Loan

36

Bushwick Multifamily Portfolio

NAP

 

Refinance

Avrohom Schlaff

Property

36.01

682 Chauncey Street

NAP

NAP

 

 

Property

36.02

1441 Bushwick Ave

NAP

NAP

 

 

Property

36.03

22 Granite Street

NAP

NAP

 

 

Loan

37

Newpark Flats Apartments

5.0%

NAP

Acquisition

Glenn L. Goldman

Loan

38

City Pointe Apartments & Townhomes

NAP

NAP

Refinance

Alexander Olympus Zarris

Loan

39

Hub at Vista Palomar Park(35)

4.0%

NAP

Refinance

Steven Michael Bram

Loan

40

152 South 4th Street

NAP

NAP

Refinance

Shaindy Schwartz; Joel Schwartz

Loan

41

155 Meserole Street

NAP

NAP

Refinance

Shaindy Schwartz; Joel Schwartz

Loan

42

119 Guernsey Street

NAP

NAP

Refinance

Shaindy Schwartz; Joel Schwartz

Loan

43

273 Leonard Street

NAP

NAP

Refinance

Shaindy Schwartz; Joel Schwartz

 

A-1-10

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan

ID

Property Name

Guarantor(33)

Loan

1

Century Plaza Towers(2)(33)(35)

NAP

Loan

2

180 Water(2)(33)(34)(35)

Nathan Berman

Loan

3

The Shoppes at Blackstone Valley(2)(35)

SDM Holdings LLC; WV Holdings LLC; Raanan Katz

Loan

4

Weston Kentucky Portfolio

Legacy Properties Group, Inc.

Property

4.01

Westport Distribution Center

 

Property

4.02

Bluegrass Corporate Center

 

Property

4.03

Jefferson Trade Center

 

Loan

5

225 Bush(2)(33)

Kylli Inc.

Loan

6

USAA Office Portfolio(2)

JDM Real Estate Funds, LLC

Property

6.01

Legacy Corporate Centre I & II

 

Property

6.02

Crosstown Center I

 

Property

6.03

Crosstown Center II

 

Property

6.04

Legacy Corporate Centre III

 

Loan

7

PCI Pharma Portfolio(2)

New Mountain Net Lease Corporation; New Mountain Net Lease Partners Corporation

Property

7.01

3001 Red Lion Road

 

Property

7.02

4536 & 4545 Assembly Drive

 

Property

7.03

6166 Nancy Ridge Drive

 

Property

7.04

6146 Nancy Ridge Drive

 

Property

7.05

1635 & 1639 New Milford School Road

 

Loan

8

Elston Retail Collection(2)

Warren H. Baker; Marc A. Kahan

Loan

9

55 Green Street

Sacks Realty LLC; Glenn A. Gilmore

Loan

10

The Essex Site 2(2)(21)(33)(34)

Taconic Development Capital LLC; L&M Development Partners Inc.; Donald Capoccia; Brandon Baron; Joseph Ferrara

Loan

11

Legends at Village West(2)

Walton Street Real Estate FUND VII, L.P., Walton Street Real Estate Investors VII, L.P., Walton Street Real Estate Fund VII-Q, L.P., Walton Street Real Estate Fund VII-E, L.P., Walton Street Real Estate Partners VII, L.P., Walton Street Real Estate Partners VII-NGE, L.P., Walton Street Real Estate Fund VII-NUS, L.P. and WSC Capital Holdings VII, L.P.

Loan

12

Midtown Center(2)(33)

Carr Properties OC LLC

Loan

13

Broadcasting Square(2)

POA Trust U/I/T Louise B. Grass 9/14/1994; Martin L. Grass Irrevocable Trust

Loan

14

Westland Fair

Kamyar Mateen; Tyler Mateen

Loan

15

Cobb Place(2)

WPCM Relative Value Fund I, LLC

Loan

16

Tri Pointe Plaza

Jeffrey J.Feil

Loan

17

Villa Carlotta(35)

Gidi Cohen; Adrian Goldstein

Loan

18

Wind Creek Leased Fee(2)

Jeffrey Gural; Barry Gosin; James Kuhn; Michael Perrucci; Richard Fischbein

Loan

19

BOA Building Tulsa

Jacqueline E. Price Johannsen

Loan

20

Embassy Suites Laredo(35)

Russell Flicker; Jonathan Rosenfeld; Bernard Michael; Chad Cooley

Loan

21

Brookside Park Apartments

Alon Ossip; Ossip (2011) Trust; OSGA LP

Loan

22

Brentwood Town Center

Daniel J. Blatteis

Loan

23

Residence Inn Phoenix Chandler South

Richard E. Huffman; Santo M. Catanese; Alana M. Mann; Thomas B. Nelson

Loan

24

Spectrum Apartments

Kent J. Roers; Brian J. Roers; Nicholas Walton

Loan

25

874 Springfield

Ronnie Levy; Maurice Levy

Loan

26

Keystone Crossing

JMS Capital Group, LLC; John M. Schneider

Loan

27

Townhomes at Highfield Commons

Raymond B. Johnson III; Courtney Donaldson

Loan

28

Millennium Park Plaza(2)

Donal P. Barry, Sr.

Loan

29

Claremont Apartments

Thomas L. Bendheim

Loan

30

Ledges One

David M. Conwill; Steven B. Kimmelman; Leslie S.R. Leohr

Loan

31

North Attleboro Center

Jacob Wintner

Loan

32

Hampton Inn Summerlin

Rup Kumar Nagala; Vani Nagala

Loan

33

Home2 Suites Hanford Lemoore

Jayantilal M. Patel

Loan

34

Young Innovations Portfolio

New Mountain Net Lease Corporation

Property

34.01

Young Innovations Earth City

 

Property

34.02

Young Innovations Algonquin

 

Loan

35

Oxy Lofts

Dario De Luca; Robert Colucci, Trustee of The Amended and Restated DPD Generational Trust dated 4/1/2004; Dario De Luca, Trustee of The Dario and Patricia De Luca Revocable Living Trust U/D/T 8/9/2000; Dario De Luca, Trustee of The DPD Ranch Trust dated 11/21/2008

Loan

36

Bushwick Multifamily Portfolio

Avrohom Schlaff

Property

36.01

682 Chauncey Street

 

Property

36.02

1441 Bushwick Ave

 

Property

36.03

22 Granite Street

 

Loan

37

Newpark Flats Apartments

Glenn L. Goldman

Loan

38

City Pointe Apartments & Townhomes

Alexander Olympus Zarris

Loan

39

Hub at Vista Palomar Park(35)

Steven Michael Bram

Loan

40

152 South 4th Street

Shaindy Schwartz

Loan

41

155 Meserole Street

Shaindy Schwartz

Loan

42

119 Guernsey Street

Shaindy Schwartz

Loan

43

273 Leonard Street

Shaindy Schwartz

 

A-1-11

 

 

COMM 2019-GC44

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Existing

 

Future Debt

 

 

 

 

 

 

 

Additional Sub Debt

 

Permitted

Loan

ID

Property Name

Previous Securitization

Non-Trust Pari Passu Original Balance

Non-Trust Pari Passu Cut-off Date Balance

Non-Trust Pari Passu Balloon Balance

Amount

Existing Additional Sub Debt Description

Type

Loan

1

Century Plaza Towers(2)(33)(35)

MSC 2014-CPT

825,000,000

825,000,000

825,000,000

300,000,000

B Note

Mezzanine

Loan

2

180 Water(2)(33)(34)(35)

 

75,000,000

75,000,000

75,000,000

227,500,000

$127,500,000 B Note; $100,000,000 Mezzanine

Mezzanine

Loan

3

The Shoppes at Blackstone Valley(2)(35)

 

109,000,000

109,000,000

91,412,282

 

None

Mezzanine

Loan

4

Weston Kentucky Portfolio

 

 

 

 

 

None

NAP

Property

4.01

Westport Distribution Center

 

 

 

 

 

 

 

Property

4.02

Bluegrass Corporate Center

 

 

 

 

 

 

 

Property

4.03

Jefferson Trade Center

 

 

 

 

 

 

 

Loan

5

225 Bush(2)(33)

GSMS 2017-GS5

153,600,000

153,600,000

153,600,000

146,400,000

B Note

NAP

Loan

6

USAA Office Portfolio(2)

 

197,400,000

197,400,000

197,400,000

 

None

NAP

Property

6.01

Legacy Corporate Centre I & II

 

59,610,891

59,610,891

59,610,891

 

 

 

Property

6.02

Crosstown Center I

 

55,050,495

55,050,495

55,050,495

 

 

 

Property

6.03

Crosstown Center II

 

48,861,386

48,861,386

48,861,386

 

 

 

Property

6.04

Legacy Corporate Centre III

 

33,877,228

33,877,228

33,877,228

 

 

 

Loan

7

PCI Pharma Portfolio(2)

 

68,500,000

68,500,000

68,500,000

 

None

NAP

Property

7.01

3001 Red Lion Road

 

31,001,265

31,001,265

31,001,265

 

 

 

Property

7.02

4536 & 4545 Assembly Drive

 

21,713,270

21,713,270

21,713,270

 

 

 

Property

7.03

6166 Nancy Ridge Drive

 

8,173,436

8,173,436

8,173,436

 

 

 

Property

7.04

6146 Nancy Ridge Drive

 

5,366,397

5,366,397

5,366,397

 

 

 

Property

7.05

1635 & 1639 New Milford School Road

 

2,245,631

2,245,631

2,245,631

 

 

 

Loan

8

Elston Retail Collection(2)

JPMCC 2012-CIBX

30,000,000

29,938,639

21,298,164

 

None

NAP

Loan

9

55 Green Street

 

 

 

 

 

None

NAP

Loan

10

The Essex Site 2(2)(21)(33)(34)

 

81,900,000

81,900,000

81,900,000

98,000,000

$58,000,000 B Notes; $40,000,000 Mezzanine

NAP

Loan

11

Legends at Village West(2)

 

85,000,000

84,874,444

76,962,902

 

None

NAP

Loan

12

Midtown Center(2)(33)

 

349,475,000

349,475,000

349,475,000

143,000,000

B Note

NAP

Loan

13

Broadcasting Square(2)

MSBAM 2013-C8

30,000,000

30,000,000

30,000,000

 

None

NAP

Loan

14

Westland Fair

 

 

 

 

 

None

NAP

Loan

15

Cobb Place(2)

GSMS 2005-GG4

15,000,000

15,000,000

13,503,969

 

None

NAP

Loan

16

Tri Pointe Plaza

 

 

 

 

 

None

NAP

Loan

17

Villa Carlotta(35)

 

 

 

 

 

None

Mezzanine

Loan

18

Wind Creek Leased Fee(2)

 

126,600,000

126,117,481

108,380,491

 

None

NAP

Loan

19

BOA Building Tulsa

 

 

 

 

 

None

NAP

Loan

20

Embassy Suites Laredo(35)

 

 

 

 

 

None

Mezzanine

Loan

21

Brookside Park Apartments

 

 

 

 

 

None

NAP

Loan

22

Brentwood Town Center

 

 

 

 

 

None

NAP

Loan

23

Residence Inn Phoenix Chandler South

 

 

 

 

 

None

NAP

Loan

24

Spectrum Apartments

 

 

 

 

 

None

NAP

Loan

25

874 Springfield

 

 

 

 

 

None

NAP

Loan

26

Keystone Crossing

COMM 2010-C1

 

 

 

 

None

NAP

Loan

27

Townhomes at Highfield Commons

 

 

 

 

 

None

NAP

Loan

28

Millennium Park Plaza(2)

 

195,000,000

195,000,000

195,000,000

 

None

NAP

Loan

29

Claremont Apartments

 

 

 

 

 

None

NAP

Loan

30

Ledges One

 

 

 

 

 

None

NAP

Loan

31

North Attleboro Center

 

 

 

 

 

None

NAP

Loan

32

Hampton Inn Summerlin

 

 

 

 

 

None

NAP

Loan

33

Home2 Suites Hanford Lemoore

 

 

 

 

 

None

NAP

Loan

34

Young Innovations Portfolio

 

 

 

 

 

None

NAP

Property

34.01

Young Innovations Earth City

 

 

 

 

 

 

 

Property

34.02

Young Innovations Algonquin

 

 

 

 

 

 

 

Loan

35

Oxy Lofts

FREMF 2013-K713

 

 

 

 

None

NAP

Loan

36

Bushwick Multifamily Portfolio

 

 

 

 

 

None

NAP

Property

36.01

682 Chauncey Street

 

 

 

 

 

 

 

Property

36.02

1441 Bushwick Ave

FRESB 2018-SB50

 

 

 

 

 

 

Property

36.03

22 Granite Street

 

 

 

 

 

 

 

Loan

37

Newpark Flats Apartments

 

 

 

 

 

None

NAP

Loan

38

City Pointe Apartments & Townhomes

 

 

 

 

 

None

NAP

Loan

39

Hub at Vista Palomar Park(35)

GSMS 2007-GG10

 

 

 

 

None

Mezzanine

Loan

40

152 South 4th Street

FRESB 2016-SB17

 

 

 

 

None

NAP

Loan

41

155 Meserole Street

FRESB 2016-SB17

 

 

 

 

None

NAP

Loan

42

119 Guernsey Street

FRESB 2016-SB17

 

 

 

 

None

NAP

Loan

43

273 Leonard Street

FRESB 2016-SB17

 

 

 

 

None

NAP

 

A-1-12

 

 

COMM 2019-GC44

 

FOOTNOTES TO ANNEX A-1

 

 

(1)

GACC—German American Capital Corporation or one of its affiliates; GSMC—Goldman Sachs Mortgage Company or one of its affiliates; CREFI—Citi Real Estate Funding Inc. 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) ($) 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 the table titled “Whole Loan Control Notes and Non-Control Notes” under “Description of the Mortgage Pool—The Whole Loans—General” in this Preliminary Prospectus.

 

 

Loan Number

Mortgage Loan Seller

Property Name

Cut-off Date Balance ($)

Non-Trust Pari Passu Cut-off Date Balance

Controlling Note

Governing PSA

 

 

1

GACC

Century Plaza Towers

$75,000,000

$825,000,000

No

CPTS 2019-CPT

 

 

2

GACC

180 Water

$62,500,000

$75,000,000

Yes

COMM 2019-GC44

 

 

3

GSMC

The Shoppes at Blackstone Valley

$55,000,000

$109,000,000

Yes

COMM 2019-GC44

 

 

5

GACC

225 Bush

$50,000,000

$153,600,000

No

Benchmark 2019-B14

 

 

6

GSMC

USAA Office Portfolio

$45,000,000

$197,400,000

No

CGCMT 2019-GC41

 

 

7

GSMC

PCI Pharma Portfolio

$40,000,000

$68,500,000

Yes

COMM 2019-GC44

 

 

8

CREFI

Elston Retail Collection

$39,918,185

$29,938,639

Yes

COMM 2019-GC44

 

 

10

GSMC

The Essex Site 2

$35,100,000

$81,900,000

No

Benchmark 2019-B14

 

 

11

CREFI

Legends at Village West

$34,948,301

$84,874,444

No

Benchmark 2019-B13

 

 

12

GSMC

Midtown Center

$32,525,000

$349,475,000

No

DC Office Trust 2019-MTC

 

 

13

CREFI

Broadcasting Square

$32,000,000

$30,000,000

Yes

COMM 2019-GC44

 

 

15

GSMC

Cobb Place

$25,000,000

$15,000,000

Yes

COMM 2019-GC44

 

 

18

GACC

Wind Creek Leased Fee

$19,923,773

$126,117,481

No

Benchmark 2019-B13

 

 

28

GSMC

Millennium Park Plaza

$15,000,000

$195,000,000

No

CGCMT 2019-GC41

 

 

(3)

With respect to any Mortgaged Property securing a multi-property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut-off Date Balance ($)” reflect the Allocated Loan Amount for such Mortgaged Property.

 

 

 

●         Loan No. 6 – USAA Office Portfolio

 

 

 

●         Loan No. 7 – PCI Pharma Portfolio

 

 

 

●         Loan No. 34 – Young Innovations Portfolio

 

 

 

●         Loan No. 36 – Bushwick Multifamily Portfolio

 

 

 

Loan No. 4 – Weston Kentucky Portfolio – The amounts listed under the headings “Original Balance ($)” and “Cut off Date Balance ($)” for each Mortgaged Property are based upon the portfolio value allocations as stated in the appraisal.

 

 

 

 

 

 

 

 

 

 

 

 

(4)

 

 

 

Office

Retail

Multifamily

 

Loan No.

Mortgage

NRA

NRA

Occ.

% of GPR

NRA

Occ.

% of GPR

Units

Occ.

% of GPR

 

Loan

(sq. ft.)

(sq. ft.)

(sq. ft. )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

The Essex Site 2

205,070

NAP

NAP

NAP

65,000

100.00%

33.10%

195

100.00%

60.50%

 

26

Keystone Crossing(1)

117,779

100,856

89.40%

62.20%

16,923

100.00%

24.20%

NAP

NAP

NAP

 

28

Millennium Park Plaza(1)

560,083

85,017

99.80%

18.40%

18,450

75.60%

9.30%

557

100.00%

68.10%

 

 

(1)     Office information includes telecom tenants.

 

(5)

Loan No. 10 – The Essex Site 2 – in the event 40,000 sq. ft. of the Mortgaged Property is not used for a movie theater, the borrowers must provide notice of the inability to the New York City Economic Development Corporation (“NYCEDC”) documenting the commercially reasonable efforts made by the borrowers, over a period of not less than 12 months, to lease the space to a theater operator. In such event, the borrowers (following consultation with the NYCEDC) must (a) identify a party who will use the retail space in a manner reasonably acceptable to the NYCEDC and consistent with the overall objectives of the “retail mix” to be maintained within the project, and (b) develop (with the approval of NYCEDC) an alternate plan for the use of the space, subject to the following limitations: (i) retailers larger than 18,000 sq. ft. must be located above or below the ground floor level, (ii) retail spaces must not exceed 30,000 sq. ft. with the exception of the grocery store, fitness center and movie theater, (iii) not including the supermarket/grocery store, movie theater, bowling alley and fitness facilities, there must be no more than three retailers within the project larger than 18,000 sq. ft., and (iv) there must be at least 40 micro retail spaces within the project as a whole.

 

A-1-13

 

 

 

 

(6)

Loan No. 12 – Midtown Center – commencing on the anticipated repayment date, the interest rate increases to the greater of (a) 1.585% plus (i) 1.50% and (ii) 250 basis points or (b) the mid-market swap rate which swap has a maturity date with the closest approximation of the final maturity date as of the anticipated repayment date plus (i) 1.50% and (ii) 250 basis points.

 

 

(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, 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 the table titled “Non-Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Preliminary Prospectus.

 

 

(8)

Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) except for loans 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 are shown based on the interest only payments during the 12 month period following the Cut off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments.

 

 

(9)

Loan No. 4 – Weston Kentucky Portfolio – The Original Balance ($) of $52,253,500 is inclusive of $4,400,000 in earnout proceeds, which the borrower reserved at origination along with a 10% yield maintenance amount totaling $440,000. Cut-off Date LTV Ratio, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield are calculated excluding the $4,400,000 earnout.

 

 

(10)

“Hard” generally means each tenant is required to transfer its rent directly to the lender controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over the-counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender controlled lockbox. “Soft Springing Hard” means 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, but upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender controlled lockbox.

 

 

 

Loan No. 28 – Millennium Park Plaza – The related Mortgaged Property has a hard lockbox for commercial tenants and a soft lockbox for the residential tenants.

 

 

(11)

“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).

 

 

 

Loan No. 2 – 180 Water– the 180 Water Whole Loan is in a cash sweep period as of the Cut-off Date.

 

 

(12)

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, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms) ($) calculations exclude the subordinate secured debt.

 

 

 

●         Loan No. 1 – Century Plaza Towers

 

 

 

●         Loan No. 2 – 180 Water

 

 

 

●         Loan No. 5 – 225 Bush

 

 

 

●         Loan No. 10 – The Essex Site 2

 

 

 

●         Loan No. 12 – Midtown Center

 

 

(13)

Loan No. 1 – Century Plaza Towers – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to (i) $2,354,778 in straight line rent taken through the earlier of the loan term or the lease term for thirteen tenants, (ii) $3,269,254 of rent steps taken through October 2020 and (iii) new leasing that has been executed since September 2019, accounting for 20.6% of net rentable area and 24.6% of UW Gross Potential Revenue.

A-1-14

 

 

 

Loan No. 2 – 180 Water - The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to recent lease-up of the commercial units and burn-off of concessions.

 

 

 

Loan No. 5 – 225 Bush - The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to new leases being signed at market rent.

 

 

 

Loan No. 22 – Brentwood Town Center – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily attributable to (i) $70,395 of rent steps taken through November 2020 and (ii) new leasing that has been executed since 2018, accounting for 21% of net rentable area and 13% of underwritten base rent.

 

 

 

Loan No. 25 – 874 Springfield – The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to Blink Irvington Inc signing a new 15-year lease, expiring in May 2034 and accounting for $280,000 of underwritten base rent.

 

 

 

Loan No. 26 – Keystone Crossing – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by the recent lease-up of previously vacant office suites.

 

 

 

Loan No. 29 – Claremont Apartments – The Underwritten NOI ($) is over 10% higher than Most Recent NOI ($). The increase in Underwritten NOI ($) over historical period is primarily driven by an approximately $2.82 million renovation the borrower sponsor completed, as well as the borrower sponsor’s construction of one additional unit.

 

 

 

Loan No. 30 – Ledges One – The related Mortgaged Property completed construction in November 2017 and reached stabilization in August 2019. The related TTM historical financials represent the one-month August 2019 financials annualized over a twelve month period.

 

 

 

Loan No. 38 – City Pointe Apartments & Townhomes - The increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to lease up of the Mortgaged Properties following the loan sponsor’s acquisition in 2017, with occupancy increasing from 40.2% as of year-end 2017, 64.3% as of year-end 2018 to current occupancy of 92.0% as of October 2019.

 

 

(14)

The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A 1 to this Preliminary Prospectus.

 

 

 

Loan No. 1 — Century Plaza Towers – One late payment charge is waived each calendar year if paid within 10 days after payment is due.

 

 

 

Loan No. 3 – The Shoppes at Blackstone Valley – The Mortgage Loan documents provide the borrower with a five day grace period for any payments due on a payment date (other than the maturity date).

 

 

(15)

In certain cases, in addition to an “as-is” value, the appraisal states an “as complete”, “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:

 

 

Mortgage Loan

% of Initial
Pool
Balance

Mortgage
Loan Cut-off
Date LTV
Ratio (Other

Mortgage
Loan LTV
Ratio at
Maturity

Appraised
Value
(Other Than “As-Is”)

Mortgage
Loan Cut-off
Date LTV
Ratio (“As-

Mortgage
Loan LTV
Ratio at
Maturity (“A

Appraised
Value
(“As- Is”)

 

Weston Kentucky Portfolio(1)

5.1%

59.5%

65.0%

$80,400,000

67.4%

67.4%

$77,500,000

 

55 Green Street(2)

3.6%

56.9%

56.9%

$64,300,000

61.2%

61.2%

$59,800,000

 

Legends at Village West(3)

3.4%

53.3%

48.3%

225,000,000

58.5%

53.0%

$205,000,000

 

Embassy Suites Laredo(4)

1.8%

69.8%

58.5%

$25,800,000

87.8%

73.6%

$20,500,000

 

Hampton Inn Summerlin(5)

1.3%

62.6%

45.1%

22,000,000

76.9%

55.4%

$17,900,000

 

 

(1)     The Appraised Value (Other than As-Is) reflects the aggregate “as-is” appraised value plus an approximately 3.74% portfolio premium. Excluding the portfolio premium, the aggregate “as-is” appraised value is $77,500,000 as of August 28, 2019, which results in a Maturity or ARD Date LTV Ratio of 67.4%. In addition, the Original Balance ($) of $52,253,500 is inclusive of $4,400,000 in earnout proceeds, which the borrower reserved at origination along with a 10% yield maintenance amount totaling $440,000. The Cut-off Date LTV Ratio is calculated excluding the $4,400,000 earnout. Including the earnout, the Cut-off Date LTV Ratio based on the aggregate “as-is” appraised value of $77,500,000 as of August 28, 2019 is 67.4%.

 

 

 

(2)     The Appraised Value (Other than As-Is) reflects the “prospective stabilized” value as of February 1, 2020, which assumes approximately $5.9 million of tenant improvements are completed at the Mortgaged Property. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “as-is” appraised value of $59,800,000 are both 61.2%.

 

 

 

(3)     This represents the aggregate “as-stabilized” appraised value of the Legends at Village West Property as of September 1, 2021 which assumes the mortgaged property achieves stabilized occupancy. On the origination date of the Legends at Village West, an upfront reserve of $10,000,000 was deposited into the leasing reserve account. The Cut-off Date LTV Ratio and LTV Ratio at Maturity / ARD, calculated based on the aggregate “as-is” Appraised Value of $205,000,000, are 58.5% and 53.0% respectively.

 

A-1-15

 

 

 

(4)     The Appraised Value (Other Than As-Is) reflects the “As Complete” of $25,800,000 for the Mortgaged Property, as of September 6, 2020, which assumes that the renovations estimated to cost approximately $4,600,000 in capital expenditures are completed within the first 18 months. The “as-is” appraised value of the Mortgaged Property is $20,500,000 as of September 6, 2019.

 

 

 

(5)     The Appraised Value (Other than As-Is) represents the “as complete” value of $22,000,000, effective September 1, 2020, which assumes that an approximately  $3.0 million PIP is complete, of which approximately $1.9 million was reserved at origination.

 

(16)

Loan No. 18 – Wind Creek Leased Fee – The Net Rentable Area (SF/Units/Rooms) shown is based on the total square footage of the land.

 

 

 

Loan No. 18 – Wind Creek Leased Fee – The Cut-off Date LTV and LTV Ratio at Maturity or ARD are based on the “as-is” appraised value of the leased fee interest. The “as-is” appraised value, inclusive of the Wind Creek Casino and Resort Bethlehem improvements is $1.14 billion, which results in a Cut-off Date LTV Ratio of 12.8%.

 

 

(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.

 

 

 

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—Partial 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 – Century Plaza Towers – Defeasance of the full $1.2 billion Century Plaza Towers Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last senior pari passu note to be securitized and (ii) October 21, 2022. Prepayment in whole, but not in part, of the Century Plaza Towers Whole Loan is permitted with the payment of yield maintenance prior to July 9, 2029 at any time.

 

 

 

Loan No. 2 – 180 Water – the lockout period will be at least 25 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the 180 Water whole loan in full is permitted after the date that is the earlier to occur of (i) December 6, 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 COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

 

 

Loan No. 3 – The Shoppes at Blackstone Valley – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2019. Defeasance of The Shoppes at Blackstone Valley Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized or (ii) November 1, 2022. The assumed lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

 

 

Loan No. 5 – 225 Bush – the lockout period will be at least 25 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the 225 Bush whole loan in full is permitted after the date that is the earlier to occur of (i) October 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 COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

 

 

Loan No. 7 – PCI Pharma Portfolio – Yield Maintenance of the full $108.5 million PCI Pharma Portfolio whole loan is permitted at any time after the prepayment lockout period, which is October 31, 2021. In addition, defeasance of the full $108.5 million PCI Pharma Portfolio Whole Loan is permitted at any time after the defeasance lockout period, which date is the earlier to occur of (a) October 31, 2022 and (b) the second anniversary of the closing date of the securitization into which the last pari passu note to be securitized. The assumed defeasance lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

 

 

Loan No. 8 – Elston Retail Collection – The lockout period will be at least 25 payments beginning with and including the first payment date of December 6, 2019. The borrower has the option to defease the full $70.0 million Elston Retail Collection Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 31, 2023. The assumed lockout period of 25 payments is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

A-1-16

 

 

 

Loan No. 10 – The Essex Site 2 – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2019. Defeasance of the full $215.0 million Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) December 1, 2022. The assumed lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

 

 

Loan No. 11 – Legends at Village West – The lockout period will be at least 25 payments beginning with and including the first payment date of December 6, 2019. The borrower has the option to defease the full $120.0 million Legends at Village West Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 22, 2022. The assumed lockout period of 25 payments is based on the expected COMM 2019-GC44  securitization closing date in December 2019. The actual lockout period may be longer.

 

 

 

Loan No. 13 – Broadcasting Square – The lockout period will be at least 25 payments beginning with and including the first payment date of December 6, 2019. The borrower has the option to defease the full $62.5 million Broadcasting Square Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 1, 2023. The assumed lockout period of 25 payments is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

 

 

Loan No. 15 – Cobb Place – The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 6, 2019. Defeasance of the full $40.0 million Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) October 24, 2022. The assumed lockout period of 25 payment dates is based on the expected COMM 2019-GC44 securitization closing date in December 2019. The actual lockout period may be longer.

 

 

(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. 1 – Century Plaza Towers

   

 

●         Loan No. 4 – Weston Kentucky Portfolio

   

 

●         Loan No. 6 – USAA Office Portfolio

   

 

●         Loan No. 7 – PCI Pharma Portfolio

   

 

●         Loan No. 8 – Elston Retail Collection

   

 

●         Loan No. 34 – Young Innovations Portfolio

   

 

●         Loan No. 36 – Bushwick Multifamily Portfolio

 

 

(20)

Loan No. 26 – Keystone Crossing – The Mortgaged Property is subject to a ground lease that commenced on July 16, 1984, expires on October 31, 2067 and has no extension options. The borrower is required to pay annual ground rent payments equal to 5% of underwritten effective gross revenue less (i) operating expenses (excluding ground rent, managment fees, and $70,948 of salaries) and (ii) minimum annual rent of $17,070. The annual ground rent payment as of the Cut-off Date is $107,535. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus.

 

 

(21)

Loan No. 10 – The Essex Site 2 – The affordable housing unit at the Mortgaged Property is subject to a master lease (the “Master Lease”) between the Residential Borrower and Site 2 DSA Affordable MT LLC (“Master Tenant”), pursuant to which the Master Tenant is required to operate the affordable housing unit and enter into subleases with residential tenants. The Master Tenant and the lender entered into a subordination, non-disturbance and attornment agreement with respect to the Master Lease whereby the Master Tenant agreed to subordinate the Master Lease to the lien of the mortgage in exchange for non-disturbance so long as the Master Tenant is not in default under the Master Lease. The Master Tenant is a joint venture between Site 2 DSA Affordable Managers LLC, an affiliate of the Residential Borrower (“Site 2 Affordable Managers”), and Wells Fargo Affordable Housing Community Development Corporation (“Investor Member”). Site 2 Affordable Managers owns 0.01% of the interests in the Master Tenant and controls the day to day operations of Master Tenant, and Investor Member owns 99.99% of the interests in Master Tenant. The lender has taken a pledge of Site 2 Affordable Manager’s equity interests in the Master Tenant so that, upon foreclosure, an affiliate of Residential Borrower will not control the Master Tenant.

 

 

(22)

Loan No. 22 – Brentwood Town Center – The Largest Tenant, Blatteis & Schnur, representing approximately 16.3% of the net rentable area, is affiliated with the borrower.  The rent commencement date is April 1, 2020, and $126,411.88 was reserved for gap rent.

 

 

(23)

Loan No. 1 – Century Plaza Towers – the Largest Tenant, Bank of America has various lease expiration dates: (i) 106,890 sq. ft. with a lease expiration date of September 30, 2029, (ii) 17,833 sq. ft. with a lease expiration date of September 30, 2024 and (iii) 24,785 sq. ft. related to the Merrill Lynch space, with a lease expiration date of June 30, 2022.

 

A-1-17

 

 

 

Loan No. 4.01 – Westport Distribution Center – The Largest Tenant, Westport Axle Corporation, leases 181,000 sq. ft. with an expiration date in May 2020, and 50,000 sq. ft. with an expiration date in May 2021.

 

 

 

Loan No. 4.02 – Bluegrass Corporate Center – The Largest Tenant, ABB EP Industrial Solutions, leases (i) 33,000 sq. ft. with an expiration date in July 2022, and (ii) 4,000 sq. ft. with an expiration date in April 2020.

 

 

 

Loan No. 20 – BOA Building Tulsa – The Fifth Largest Tenant, Petroflow Energy Corporation, also has various lease expiration dates: (i) 10,357 sq. ft. with a lease expiration date of December 31, 2019 and (ii) a storage space that is 533 sq. ft., which is currently operating on a month to month lease.

 

 

 

Loan No. 28 – Millennium Park Plaza – The Largest Tenant, CenturyLink, Inc., leases 9,128 sq. ft. with an expiration date in September 2023, and 430 sq. ft. with an expiration date in July 2023.

 

 

(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 net rentable area 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. 1 – Century Plaza Towers – the Largest Tenant, Bank of America, representing approximately 6.2% of the net rentable area at the Mortgaged Property, has the right to terminate its lease as of September 30, 2026 upon written notice on or before September 30, 2025 and the payment of a termination fee in the amount of $1,908,666. The Fourth Largest Tenant Kirkland & Ellis, representing approximately 3.6% of the net rentable area at the Mortgaged Property, has the one-time right to terminate its lease as of January 1, 2032 upon written notice on or before January 1, 2031 and payment of a termination fee equal to the sum of (a) an amount equal to the base rent that would have been payable with respect to the terminated premises during the four (4) month period after the termination date had tenant not terminated this lease and (b) the unamortized amount, as of the termination date, calculated with interest in an amount equal to 8% per annum. The Fifth Largest Tenant, Greenberg Glusker, has the one-time right to terminate its lease as of March 1, 2032 upon written notice on or before March 1, 2031 and the payment of a termination fee.

 

 

 

Loan No. 1 – Century Plaza Towers – the Second Largest Tenant, Manatt Phelps, representing approximately 4.8% of the net rentable area at the Mortgaged Property, has the right to contract its lease by terminating the lease on the 4th floor of the space on the last day of the 5th or 10th year of the lease term.

 

 

 

Loan No. 12 – Midtown Center – the Largest Tenant, Fannie Mae, representing approximately 82.2% of the net rentable area at the Mortgaged Property, has (i) a unilateral termination option effective May 31, 2029 upon 32 months’ notice and (ii) the right to contract its premises by one full floor per year upon at least 18 months’ notice

 

 

 

Loan No. 19 – BOA Building Tulsa – the Third Largest Tenant, Bank of America, National Association, representing approximately 6.3% of the net rentable area at the Mortgaged Property has a one-time right to terminate its lease with respect to all or a portion of its space with an effective termination on May 1, 2022 by providing the lender a minimum of 12 months’ prior written notice. The lease also provides for an additional contraction option with written notice on or before April 30, 2021, whereby the tenant may contract up to 25% of its space on May 1, 2022. The fee for exercising the cancellation option or the termination option will be equal to the unamortized tenant allowances and brokerage commissions incurred by the landlord during the applicable renewal term, discounted at an eight percent (8%) interest rate.

 

 

 

Loan No. 26 – Keystone Crossing – The Fourth Largest Tenant, General Services Administration, representing approximately 7.3% of the net rentable area at the Mortgaged Property, has the right to terminate its lease at any time upon 60 days’ notice.

 

 

 

Loan No. 28 – Millennium Park Plaza – The Fifth Largest Tenant, Ferrero USA Inc, representing approximately 0.5% of the net rentable area at the Mortgaged Property, has the right to terminate its lease after May 31, 2020 with three months’ notice and payment of a termination fee.

 

 

(25)

The following major tenants (listed on Annex A-1) are currently subleasing all or a significant portion of its leased space:

 

 

 

Loan No. 7.01 – 3001 Red Lion Road – The sole tenant, PCI Pharma, subleases 49,566 sq. ft. to MedImmune (wholly owned by AstraZeneca).

 

 

 

Loan No. 14 –  Westland Fair – The Largest Tenant, Michael’s, representing approximately 11.7% of the net rentable area, subleases its space from CFSMC Las Vegas, LLC.

 

A-1-18

 

 

(26)

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 net rentable area 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. 1 – Century Plaza Towers – the Largest Tenant, Bank of America, representing approximately 6.2% of the net rentable area at the Mortgaged Property, has signed a lease for an additional 26,664 sq. ft. on the 13th floor of the South Tower and is expected to being paying rent and take occupancy in January 2020. The Second Largest Tenant, Manatt Phelps, representing approximately 4.8% of the net rentable area at the Mortgaged Property, has signed a lease for five suites in the South Tower on the 4th, 14th, 15th, 16th and 17th floors totaling 116,366 sq. ft. and is expected to begin paying rent and take occupancy in stages starting in March 2020, with full occupancy of the space expected by May 2020. The Fourth Largest Tenant, Kirkland & Ellis, representing approximately 3.6% of net rentable area at the Mortgaged Property, has not yet taken occupancy and is expected to occupy three suites in the South Tower on the 37th, 38th, and 39th floors totaling 85,664 sq. ft. starting in January 2020. The Fifth largest tenant, Greenberg Glusker, representing approximately 3.5% of the net rentable area at the Mortgaged Property has signed a lease for three suites in the South Tower on the 26th, 27th and 31st floors totaling 83,199 sq. ft. and is expected to being paying rent and take occupancy in March 2020. We cannot assure you whether these tenants will take occupancy and begin paying rent as expected or at all.

 

 

 

Loan No. 12 – Midtown Center – The Second Largest Tenant, WeWork, representing approximately 12.7% of the net rentable area at the Mortgage Property, is entitled to free rent through December 2019. A rent concession reserve was required at origination for full abated amounts.

 

 

(27)

The following Mortgage 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 or Diversified Ownership” in this Preliminary Prospectus for further information.

 

 

 

Loan No. 16 – Tri Pointe Plaza

 

 

 

Loan No. 35 – Oxy Lofts

 

 

(28)

All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.

 

 

(29)

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. 19 – Wind Creek Leased Fee - On a monthly basis, immediately following the date on which a quarterly installment of base rent is paid under the ground lease (other than the first installment of rent due on July 30, 2019 under the ground lease documents), the borrower is required to deposit an amount equal to the monthly debt service payment amount due on each of the next two succeeding monthly payment dates, which amounts are required to be transferred into the interest reserve account.

 

 

(30)

Loan No. 4 – Weston Kentucky Portfolio – If the TI/LC reserve falls below the TI/LC reserve cap of $1,000,000, the borrower is required to deposit $20,833 on each monthly payment date until the TI/LC reserve cap is met.

 

 

 

Loan No. 14 – Westland Fair – If the TI/LC reserve falls below the TI/LC reserve cap of $500,000, the borrower is required to deposit approximately $17,844 on each monthly payment date until the TI/LC reserve cap is met.

 

 

 

Loan No. 22 – Brentwood Town Center – If the TI/LC reserve falls below the TI/LC reserve cap of $75,000, the borrower is required to deposit $6,250 on each monthly payment date until the TI/LC reserve cap is met.

 

 

 

Loan No. 39 – Hub at Vista Palomar Park – If the TI/LC reserve falls below the TI/LC reserve cap of $125,000, the borrower is required to deposit approximately $2,304 on each monthly payment date until the TI/LC reserve cap is met.

 

 

(31)

Loan No. 20- – Embassy Suites Laredo – The Monthly Replacement Reserve is an FF&E reserve in an amount equal to the greater (i) of the then-current amount required under the management agreement, (ii) the then-current amount required under the franchise agremenet for approved capital expenditures and (iii) (a) for the payment dates occurring in November 2019 through October 2020, 2% of the prior month’s gross revenue, (b) for the payment dates occurring in November 2020 through October 2021, 3% of the prior month’s gross revenue and (c) for the payment dates occurring from November 2021 and thereafter, 4% of the prior month’s gross revenue.

 

 

 

Loan No. 23 – Residence Inn Phoenix Chandler South – The Monthly Replacement Reserve is an FF&E reserve in an amount equal to (i) for the payment dates occurring in December 2019 through November 2020, approximately $17,017 and (ii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12 of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in October.

 

A-1-19

 

 

 

 

 

Loan No. 33 – Home2 Suites Hanford Lemoore – The Monthly Replacement Reserve is an FF&E reserve in an amount equal to (i) for the payment dates occurring in December 2019 through November 2020, approximately $11,629 and (ii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) 1/12th of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in October.

 

(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.

 

 

Loan
No.

Mortgage
Loan

Mortgage
Loan
Cut-off
Date Balance

% of Initial
Outstanding
Pool
Balance

Maximum
Policy
Amount

Premium
Paid in Full

Expiration
Date

 

1

Century Plaza Towers(1)

$75,000,000

7.30%

$50,000,000

Yes

6/24/2021

 

 

(1)     The policy was purchased at the borrower’s election and was not required by the lender.  The policy is cancellable at the borrower’s option.

 

(33)

Loan No. 1 – Century Plaza Towers – There is no non-recourse carveout guarantor or separate environmental indemnitor with respect to the Century Plaza Towers Whole Loan.

 

 

Loan
No.

Mortgage

Loan

Senior
Notes
Cut-off Date
Balance

Subordinate
Notes
Cut-off
Date
Balance

Total
Mortgage
Debt Cut-off
Date Balance(1)

Total
Senior
Notes
U/W NCF
DSCR

Total
Mortgage
Debt U/W
NCF
DSCR(1)

Total
Senior
Notes
Cut-Off
Date LTV

Total
Mortgage
Debt Cut- off Date LTV
Ratio(1)

Total Senior
Notes
U/W NOI
Debt Yield

Total
Mortgage
Debt U/W
NOI Debt
Yield (1)

 

1

Century Plaza Towers

$900,000,000

$300,000,000

$1,200,000,000

4.09x

3.07x

39.1%

52.1%

13.5%

10.1%

 

2

180 Water

$137,500,000

$127,500,000

$265,000,000

3.15x

1.63x

30.5%

58.7%

11.0%

5.7%

 

5

225 Bush

$203,600,000

$146,400,000

$350,000,000

3.85x

2.24x

34.6%

59.4%

13.4%

7.8%

 

10

The Essex Site 2

$117,000,000

$58,000,000

$175,000,000

3.66x

1.89x

39.9%

59.7%

10.3%

6.9%

 

12

Midtown Center

$382,000,000

$143,000,000

$525,000,000

3.98x

2.90x

39.8%

54.7%

12.6%

9.1%

 

 

(1)     Includes any related pari passu companion loan(s) and subordinate secured companion loan(s)

 

(34)

Loan
No.

Mortgage
Loan

Mortgage Loan
Cut-off
Date
Balance

% of Initial Outstanding
Pool
Balance

Mezzanine
Debt
Cut-off
Date
Balance

Annual
Interest
Rate on
Mezzanine
Loan

Mezzanine
Loan
Maturity

Date or
ARD

Intercreditor
Agreement

Total Debt
Cut-off
Date LTV

Ratio (1)

Total Debt
U/W NCF

DSCR (1)

Total
Cut-off
Debt
U/W NOI

Debt
Yield(1)

 

2

180 Water

$62,500,000

6.1%

$100,000,000

8.3%

11/6/2024

Yes

80.8%

0.85x

4.1%

 

10

The Essex Site 2

$35,100,000

3.4%

$40,000,000

6.6%

11/1/2026

Yes

73.4%

1.33x

5.6%

 

 

(1)     Calculated including any related pari passu companion loan(s), related subordinate companion loan(s) and mezzanine debt.

 

 

 

 

 

 

 

 

(35)

 

Loan
No.

Mortgage Loan

Mortgage Loan
Cut-off Date
Balance

% of Initial
Outstanding
Pool
Balance

Intercreditor
Agreement
Required

Combined
Minimum
DSCR

Combined
Maximum
LTV

Combined
Minimum
Debt Yield

 

1

Century Plaza Towers

$75,000,000

7.3%

Yes

3.12x

52.1%

9.5%

 

2

180 Water(1)

$62,500,000

6.1%

Yes

0.85x

N/A

4.1%

 

3

The Shoppes at Blackstone Valley(2)

$55,000,000

5.4%

Yes

1.25x

70.0%

9.1%

 

17

Villa Carlotta

$20,500,000

2.0%

Yes

1.25x

80.0%

7.0%

 

20

Embassy Suites Laredo

$18,000,000

1.8%

Yes

2.18x

69.8%

12.3%

 

39

Hub at Vista Palomar Park

$7,200,000

0.7%

Yes

2.74x

61.3%

10.1%

 

 

(1)     The borrower has a one-time right to cause to incur additional indebtedness in the form of a mezzanine loan, that will be in no event greater than $100,000,000.

   

 

(2)     The borrower has the right to incur additional indebtedness in the form of a mezzanine loan, that will be in no event greater than $40,000,000.

 

A-1-20