FWP 1 n2775_x3-anxa1.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226943-11
     

 

Benchmark 2021-B30

 

The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226943) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.

This free writing prospectus does not contain all information that is required to be included in the prospectus.

 

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

 

This material is for your information, and none of Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Academy Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.

Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the Benchmark 2021-B30 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2021-B30 (the "Offering Document").  The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document.  The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document.  The information contained herein will be more fully described elsewhere in the Offering Document.  The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value.  Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.

 

This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.

  

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

 

 Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded.  Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

 

  
 

  

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address
                1      
1 Loan 2, 26, 27, 30 1 One Memorial Drive 10.0% 100.0% JPMCB JPMCB NAP NAP One Memorial Drive
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 9.9% 100.0% DBRI, JPMCB, BANA, 3650 Cal Bridge Lending, LLC GACC, JPMCB Yes - Group 1 NAP 350 and 450 Water Street
3 Loan   1 Townhouse on the Park 8.2% 100.0% JPMCB JPMCB NAP NAP 1115 46th Avenue
4 Loan 2, 26 1 The Veranda 7.4% 100.0% JPMCB JPMCB Yes - Group 1 NAP 2001 Diamond Boulevard
5 Loan 2 2 1100 & 820 First Street NE 6.8%   BCREI, CREFI CREFI NAP NAP Various
5.01 Property   1 1100 First Street NE 4.1% 59.9%         1100 First Street Northeast
5.02 Property   1 820 First Street NE 2.7% 40.1%         820 First Street Northeast
6 Loan 2 1 520 Almanor 5.4% 100.0% DBRI GACC NAP NAP 520-522 Almanor Avenue
7 Loan   1 Valley Plaza 4.1% 100.0% GSBI GSMC NAP NAP 12121 Victory Boulevard
8 Loan 14 1 Amazon Hunts Point 3.6% 100.0% JPMCB JPMCB NAP NAP 1341 Viele Avenue
9 Loan   1 Brush Factory Lofts 3.5% 100.0% CREFI CREFI NAP NAP 1201 Jackson Street
10 Loan   1 Norcross Industrial Portfolio 3.3% 100.0% GSBI GSMC NAP NAP 5300, 5555 & 5600 Oakbrook Parkway
11 Loan 28 1 Wilmot Plaza 3.2% 100.0% JPMCB JPMCB Yes - Group 2 NAP 6301-6351 East Broadway Boulevard
12 Loan 2 1 Audubon Crossings & Commons 2.9% 100.0% GSBI GSMC NAP NAP 114 & 130 East Black Horse Pike
13 Loan 19, 30 1 Grand Rapids Commerce Center 2.8% 100.0% DBRI GACC NAP NAP 934, 1118, 1120 and 1185 Southeast 36th Street
14 Loan   3 WoodSpring Suites Portfolio 2.2%   GSBI GSMC NAP NAP Various
14.01 Property   1 WoodSpring Suites Bakersfield 0.9% 43.7%         8311 East Brundage Lane
14.02 Property   1 WoodSpring Suites Arnold 0.6% 29.0%         888 Arnold Commons Drive
14.03 Property   1 WoodSpring Suites St. Charles 0.6% 27.3%         2100 South Old Highway 94
15 Loan 2, 26 1 Plaza La Cienega 2.1% 100.0% CREFI CREFI NAP NAP 1801-1845 La Cienega Boulevard
16 Loan 2 1 La Encantada 2.1% 100.0% GSBI GSMC Yes - Group 2 NAP 2905 East Skyline Drive
17 Loan   1 The Wolf Building 2.1% 100.0% DBRI GACC NAP NAP 340 North 12th Street
18 Loan 14 1 Middletown Crossing Shopping Center 2.1% 100.0% JPMCB JPMCB NAP NAP 460 East Main Street
19 Loan 26 1 Eltingville Shopping Center 1.8% 100.0% CREFI CREFI NAP NAP 4310-4456 Amboy Road
20 Loan   1 Mansfield Commons 1.7% 100.0% CREFI CREFI NAP NAP 1885 Route 57
21 Loan   1 Peachtree Corners I & II 1.6% 100.0% DBRI GACC NAP NAP 4775 and 4855 Peachtree Industrial Boulevard
22 Loan   1 144 Bleecker Street 1.4% 100.0% GSBI GSMC NAP NAP 144 Bleecker Street
23 Loan 29 1 31 Bond Street 1.3% 100.0% CREFI CREFI NAP NAP 31 Bond Street
24 Loan   1 Corinth Distribution Center 1.1% 100.0% CREFI CREFI NAP NAP 3015 Tecumseh Road
25 Loan   1 Village at Double Diamond 1.1% 100.0% DBRI GACC NAP NAP 720-770 South Meadows Parkway
26 Loan 28 1 450 Post Road East 1.0% 100.0% CREFI CREFI NAP NAP 450 Post Road East
27 Loan   6 Hirschfield NNN Portfolio 1.0%   JPMCB JPMCB NAP NAP Various
27.01 Property   1 729 East Spaulding Avenue 0.3% 26.5%         729 East Spaulding Avenue
27.02 Property   1 5402 West Market Street 0.2% 21.0%         5402 West Market Street
27.03 Property   1 17061 North Avenue of the Arts 0.2% 17.4%         17061 North Avenue of the Arts
27.04 Property   1 6320 Wedgewood Road North 0.2% 16.0%         6320 Wedgewood Road North
27.05 Property   1 1112 Centre West Drive 0.1% 14.3%         1112 Centre West Drive
27.06 Property   1 7415 Brandt Pike 0.0% 4.7%         7415 Brandt Pike
28 Loan   1 536 West 29th Street 0.9% 100.0% JPMCB JPMCB NAP NAP 536 West 29th Street
29 Loan 30 1 CVS Wrigleyville 0.8% 100.0% JPMCB JPMCB NAP NAP 1035 West Addison Street
30 Loan   3 Omega Mixed Use Portfolio 0.8%   CREFI CREFI NAP NAP Various
30.01 Property   1 Windows, LLC 0.3% 42.1%         200 Edison Drive
30.02 Property   1 Aultman Medical 0.2% 29.5%         6500 Whipple Avenue Northwest
30.03 Property   1 FedEx Express 0.2% 28.4%         2850 International Street
31 Loan   1 Newberry Crossing 0.7% 100.0% DBRI GACC NAP NAP 1005 Northwest 76th Boulevard
32 Loan   2 Forrestal & Cicero Portfolio 0.6%   CREFI CREFI NAP NAP Various
32.01 Property   1 Forrestal Industrial Park 0.4% 55.9%         4045-4061 Forrestal Avenue
32.02 Property   1 3312-3314 S. Cicero Avenue 0.3% 44.1%         3312-3314 South Cicero Avenue
33 Loan   1 1523 Voorhies Avenue 0.5% 100.0% CREFI CREFI NAP NAP 1523 Voorhies Avenue
34 Loan   1 Hampton Inn Gretna 0.5% 100.0% DBRI GACC NAP NAP 200 McBride Lane
35 Loan   1 Walgreens Fort Smith 0.4% 100.0% CREFI CREFI NAP NAP 8300 Rogers Avenue
36 Loan   2 Walgreens FL & IL Portfolio 0.4%   CREFI CREFI NAP NAP Various
36.01 Property   1 Walgreens - West Palm, FL 0.2% 55.3%         2200 Palm Beach Lakes Boulevard
36.02 Property   1 Walgreens - Carol Steam, IL 0.2% 44.7%         540 North Schmale Road
37 Loan   1 Madison Park 0.4% 100.0% DBRI GACC NAP NAP 26765 & 26793 Madison Avenue
38 Loan   1 Walgreens Ocala 0.3% 100.0% CREFI CREFI NAP NAP 807 East Silver Springs Boulevard

A-1-1 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name City County State Zip Code General Property Type Detailed Property Type Year Built Year Renovated Number of Units Unit of Measure
                  5       4  
1 Loan 2, 26, 27, 30 1 One Memorial Drive Cambridge Middlesex Massachusetts 02142 Office CBD 1985 2018 409,422 SF
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street Cambridge Middlesex Massachusetts 02141 Mixed Use Office/Lab 2021 NAP 915,233 SF
3 Loan   1 Townhouse on the Park Long Island City Queens New York 11101 Multifamily Garden 2020 NAP 75 Units
4 Loan 2, 26 1 The Veranda Concord Contra Costa California 94520 Retail Anchored 2017-2018 NAP 365,559 SF
5 Loan 2 2 1100 & 820 First Street NE Washington District of Columbia District of Columbia 20002 Office CBD Various Various 655,071 SF
5.01 Property   1 1100 First Street NE Washington District of Columbia District of Columbia 20002 Office CBD 2009 NAP 348,967 SF
5.02 Property   1 820 First Street NE Washington District of Columbia District of Columbia 20002 Office CBD 1990 2005 306,104 SF
6 Loan 2 1 520 Almanor Sunnyvale Santa Clara California 94085 Office Suburban 2021 NAP 231,220 SF
7 Loan   1 Valley Plaza North Hollywood Los Angeles California 91606 Retail Anchored 1951 2004, 2021 155,305 SF
8 Loan 14 1 Amazon Hunts Point Bronx Bronx New York 10474 Other Leased Fee NAP NAP 120,000 SF
9 Loan   1 Brush Factory Lofts Philadelphia Philadelphia Pennsylvania 19148 Multifamily Mid-Rise 1920 2019-2020 151 Units
10 Loan   1 Norcross Industrial Portfolio Norcross Gwinnett Georgia 30093 Industrial Flex 1981-1985 NAP 706,226 SF
11 Loan 28 1 Wilmot Plaza Tucson Pima Arizona 85710 Retail Anchored 1958-2016 NAP 139,482 SF
12 Loan 2 1 Audubon Crossings & Commons Audubon Camden New Jersey 08106 Retail Anchored 1961, 1979 2004-2005, 2008 468,417 SF
13 Loan 19, 30 1 Grand Rapids Commerce Center Grand Rapids Kent Michigan 49508 Industrial Flex 1957, 1960, 1965, 1980 1978, 2015-2019 1,941,895 SF
14 Loan   3 WoodSpring Suites Portfolio Various Various Various Various Hospitality Extended Stay Various Various 367 Rooms
14.01 Property   1 WoodSpring Suites Bakersfield Bakersfield Kern California 93307 Hospitality Extended Stay 2016 NAP 122 Rooms
14.02 Property   1 WoodSpring Suites Arnold Arnold Jefferson Missouri 63010 Hospitality Extended Stay 2009 2020-2021 124 Rooms
14.03 Property   1 WoodSpring Suites St. Charles Saint Charles Saint Charles Missouri 63303 Hospitality Extended Stay 2009 2020-2021 121 Rooms
15 Loan 2, 26 1 Plaza La Cienega Los Angeles Los Angeles California 90035 Retail Anchored 1970 2003 305,890 SF
16 Loan 2 1 La Encantada Tucson Pima Arizona 85718 Retail Anchored 2003 2020 245,955 SF
17 Loan   1 The Wolf Building Philadelphia Philadelphia Pennsylvania 19107 Multifamily Mid-Rise 1900 2019 58 Units
18 Loan 14 1 Middletown Crossing Shopping Center Middletown New Castle Delaware 19709 Retail Anchored 2003 NAP 172,937 SF
19 Loan 26 1 Eltingville Shopping Center Staten Island Richmond New York 10312 Mixed Use Retail/Office 1971 2015 96,726 SF
20 Loan   1 Mansfield Commons Mansfield Warren New Jersey 07840 Retail Anchored 2000 NAP 272,046 SF
21 Loan   1 Peachtree Corners I & II Berkeley Lake Gwinnett Georgia 30092 Industrial Flex 2000, 2001 2019 163,231 SF
22 Loan   1 144 Bleecker Street Brooklyn Kings New York 11221 Multifamily Mid-Rise 2020 NAP 26 Units
23 Loan 29 1 31 Bond Street New York New York New York 10012 Office CBD 1893 2017 17,791 SF
24 Loan   1 Corinth Distribution Center Corinth Alcorn Mississippi 38834 Industrial Warehouse/Distribution 2008 NAP 294,000 SF
25 Loan   1 Village at Double Diamond Reno Washoe Nevada 89521 Retail Shadow Anchored 2004-2005 NAP 57,983 SF
26 Loan 28 1 450 Post Road East Westport Fairfield Connecticut 06880 Office Suburban 1982 2011 35,777 SF
27 Loan   6 Hirschfield NNN Portfolio Various Various Various Various Office Medical Various Various 40,911 SF
27.01 Property   1 729 East Spaulding Avenue Pueblo West Pueblo Colorado 81007 Office Medical 2007 NAP 9,500 SF
27.02 Property   1 5402 West Market Street Greensboro Guilford North Carolina 27409 Office Medical 1990 NAP 6,436 SF
27.03 Property   1 17061 North Avenue of the Arts Surprise Maricopa Arizona 85378 Office Medical 2008 NAP 6,150 SF
27.04 Property   1 6320 Wedgewood Road North Maple Grove Hennepin Minnesota 55311 Office Medical 2006 NAP 6,085 SF
27.05 Property   1 1112 Centre West Drive Springfield Sangamon Illinois 62704 Office Medical 1990 2007 6,567 SF
27.06 Property   1 7415 Brandt Pike Huber Heights Montgomery Ohio 45424 Office Medical 2002 NAP 6,173 SF
28 Loan   1 536 West 29th Street New York New York New York 10001 Office CBD 1904 2021 6,400 SF
29 Loan 30 1 CVS Wrigleyville Chicago Cook Illinois 60613 Retail Single Tenant 2020 NAP 10,200 SF
30 Loan   3 Omega Mixed Use Portfolio Various Various Ohio Various Various Various Various NAP 89,702 SF
30.01 Property   1 Windows, LLC Monroe Butler Ohio 45044 Industrial Warehouse 2021 NAP 29,800 SF
30.02 Property   1 Aultman Medical North Canton Stark Ohio 44720 Office Medical 1991 NAP 14,934 SF
30.03 Property   1 FedEx Express Columbus Franklin Ohio 43228 Industrial Warehouse 1996 NAP 44,968 SF
31 Loan   1 Newberry Crossing Gainesville Alachua Florida 32606 Retail Anchored 1988 NAP 114,693 SF
32 Loan   2 Forrestal & Cicero Portfolio Various Various Various Various Various Various Various NAP 60,938 SF
32.01 Property   1 Forrestal Industrial Park Orlando Orange Florida 32806 Industrial Warehouse/Distribution 1986 NAP 52,500 SF
32.02 Property   1 3312-3314 S. Cicero Avenue Cicero Cook Illinois 60804 Retail Shadow Anchored 2021 NAP 8,438 SF
33 Loan   1 1523 Voorhies Avenue Brooklyn Kings New York 11235 Office Medical 2000 NAP 17,028 SF
34 Loan   1 Hampton Inn Gretna Gretna Pittsylvania Virginia 24557 Hospitality Limited Service 2008 2020 81 Rooms
35 Loan   1 Walgreens Fort Smith Fort Smith Sebastian Arkansas 72903 Retail Single Tenant 2003 NAP 13,717 SF
36 Loan   2 Walgreens FL & IL Portfolio Various Various Various Various Retail Single Tenant Various NAP 29,025 SF
36.01 Property   1 Walgreens - West Palm, FL West Palm Beach Palm Beach Florida 33409 Retail Single Tenant 1999 NAP 15,120 SF
36.02 Property   1 Walgreens - Carol Steam, IL Carol Stream DuPage Illinois 60188 Retail Single Tenant 1998 NAP 13,905 SF
37 Loan   1 Madison Park Murrieta Riverside California 92562 Industrial Warehouse/Distribution 1999 NAP 39,960 SF
38 Loan   1 Walgreens Ocala Ocala Marion Florida 34470 Retail Single Tenant 1995 NAP 15,503 SF

A-1-2 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate % Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($)
          4 3 3   6 7   8 8 8
1 Loan 2, 26, 27, 30 1 One Memorial Drive 731.03 95,000,000 95,000,000 95,000,000 2.69250% 0.02199% 2.67051% NAP 216,116.75 NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 889.39 94,000,000 94,000,000 94,000,000 2.79200% 0.01799% 2.77401% NAP 221,744.26 NAP
3 Loan   1 Townhouse on the Park 1,038,666.67 77,900,000 77,900,000 77,900,000 3.23800% 0.01324% 3.22476% NAP 213,119.61 NAP
4 Loan 2, 26 1 The Veranda 273.55 70,000,000 70,000,000 70,000,000 2.99000% 0.02324% 2.96676% NAP 176,839.12 NAP
5 Loan 2 2 1100 & 820 First Street NE 322.10 65,000,000 65,000,000 65,000,000 3.00250% 0.01324% 2.98926% NAP 164,894.24 NAP
5.01 Property   1 1100 First Street NE   38,959,953 38,959,953 38,959,953            
5.02 Property   1 820 First Street NE   26,040,047 26,040,047 26,040,047            
6 Loan 2 1 520 Almanor 439.41 51,600,000 51,600,000 51,600,000 2.55500% 0.01324% 2.54176% NAP 111,390.90 NAP
7 Loan   1 Valley Plaza 250.47 38,900,000 38,900,000 38,900,000 3.70600% 0.01324% 3.69276% NAP 121,804.72 NAP
8 Loan 14 1 Amazon Hunts Point 289.17 34,700,000 34,700,000 34,700,000 4.38200% 0.01324% 4.36876% NAP 128,472.73 NAP
9 Loan   1 Brush Factory Lofts 218,543.05 33,000,000 33,000,000 28,499,570 3.94000% 0.01324% 3.92676% 156,407.69 109,854.86 1,876,892.28
10 Loan   1 Norcross Industrial Portfolio 44.60 31,500,000 31,500,000 31,500,000 3.54900% 0.01324% 3.53576% NAP 94,455.16 NAP
11 Loan 28 1 Wilmot Plaza 215.08 30,000,000 30,000,000 24,492,061 3.90700% 0.06324% 3.84376% 141,620.80 99,031.60 1,699,449.60
12 Loan 2 1 Audubon Crossings & Commons 99.90 28,000,000 27,878,213 22,013,900 3.72000% 0.01324% 3.70676% 129,196.18 NAP 1,550,354.16
13 Loan 19, 30 1 Grand Rapids Commerce Center 13.69 26,625,000 26,584,712 20,665,506 3.38000% 0.01324% 3.36676% 117,781.82 NAP 1,413,381.84
14 Loan   3 WoodSpring Suites Portfolio 55,858.31 20,500,000 20,500,000 16,907,043 4.22500% 0.01324% 4.21176% 100,547.87 73,179.54 1,206,574.44
14.01 Property   1 WoodSpring Suites Bakersfield   8,966,719 8,966,719 7,395,156            
14.02 Property   1 WoodSpring Suites Arnold   5,945,325 5,945,325 4,903,311            
14.03 Property   1 WoodSpring Suites St. Charles   5,587,956 5,587,956 4,608,576            
15 Loan 2, 26 1 Plaza La Cienega 294.22 20,000,000 20,000,000 20,000,000 3.49000% 0.01324% 3.47676% NAP 58,974.54 NAP
16 Loan 2 1 La Encantada 414.71 20,000,000 20,000,000 20,000,000 3.36100% 0.01324% 3.34776% NAP 56,794.68 NAP
17 Loan   1 The Wolf Building 344,396.55 19,975,000 19,975,000 19,975,000 3.45000% 0.01324% 3.43676% NAP 58,225.74 NAP
18 Loan 14 1 Middletown Crossing Shopping Center 114.20 19,750,000 19,750,000 17,716,109 3.34200% 0.01324% 3.32876% 86,953.63 55,767.69 1,043,443.56
19 Loan 26 1 Eltingville Shopping Center 180.92 17,500,000 17,500,000 17,500,000 3.18000% 0.01324% 3.16676% NAP 47,019.10 NAP
20 Loan   1 Mansfield Commons 58.81 16,000,000 16,000,000 12,671,418 3.92000% 0.01324% 3.90676% 75,650.36 NAP 907,804.32
21 Loan   1 Peachtree Corners I & II 92.20 15,050,000 15,050,000 12,834,663 3.44000% 0.01324% 3.42676% 67,078.17 43,742.55 804,938.04
22 Loan   1 144 Bleecker Street 496,153.85 12,900,000 12,900,000 12,900,000 4.10000% 0.01324% 4.08676% NAP 44,687.15 NAP
23 Loan 29 1 31 Bond Street 702.60 12,500,000 12,500,000 12,500,000 3.47000% 0.01324% 3.45676% NAP 36,647.86 NAP
24 Loan   1 Corinth Distribution Center 36.73 10,800,000 10,800,000 10,800,000 3.44000% 0.01324% 3.42676% NAP 31,390.00 NAP
25 Loan   1 Village at Double Diamond 185.40 10,750,000 10,750,000 10,750,000 3.35500% 0.01324% 3.34176% NAP 30,472.64 NAP
26 Loan 28 1 450 Post Road East 267.07 9,555,000 9,555,000 9,555,000 3.95000% 0.01324% 3.93676% NAP 31,888.71 NAP
27 Loan   6 Hirschfield NNN Portfolio 232.63 9,517,000 9,517,000 7,539,587 3.92900% 0.01324% 3.91576% 45,046.92 NAP 540,563.04
27.01 Property   1 729 East Spaulding Avenue   2,519,868 2,519,868 1,996,297            
27.02 Property   1 5402 West Market Street   2,002,395 2,002,395 1,586,343            
27.03 Property   1 17061 North Avenue of the Arts   1,657,413 1,657,413 1,313,041            
27.04 Property   1 6320 Wedgewood Road North   1,522,420 1,522,420 1,206,096            
27.05 Property   1 1112 Centre West Drive   1,364,928 1,364,928 1,081,328            
27.06 Property   1 7415 Brandt Pike   449,976 449,976 356,482            
28 Loan   1 536 West 29th Street 1,351.56 8,650,000 8,650,000 8,650,000 4.29800% 0.01324% 4.28476% NAP 31,411.71 NAP
29 Loan 30 1 CVS Wrigleyville 784.31 8,000,000 8,000,000 8,000,000 3.16600% 0.05324% 3.11276% NAP 21,399.81 NAP
30 Loan   3 Omega Mixed Use Portfolio 84.72 7,600,000 7,600,000 7,600,000 3.58000% 0.04324% 3.53676% NAP 22,988.24 NAP
30.01 Property   1 Windows, LLC   3,200,000 3,200,000 3,200,000            
30.02 Property   1 Aultman Medical   2,240,000 2,240,000 2,240,000            
30.03 Property   1 FedEx Express   2,160,000 2,160,000 2,160,000            
31 Loan   1 Newberry Crossing 59.51 6,825,000 6,825,000 5,868,863 3.76600% 0.01324% 3.75276% 31,669.64 21,716.61 380,035.68
32 Loan   2 Forrestal & Cicero Portfolio 100.48 6,123,000 6,123,000 5,537,714 3.80000% 0.01324% 3.78676% 28,530.57 19,658.80 342,366.84
32.01 Property   1 Forrestal Industrial Park   3,421,500 3,421,500 3,094,445            
32.02 Property   1 3312-3314 S. Cicero Avenue   2,701,500 2,701,500 2,443,269            
33 Loan   1 1523 Voorhies Avenue 293.63 5,000,000 5,000,000 5,000,000 3.78000% 0.01324% 3.76676% NAP 15,968.75 NAP
34 Loan   1 Hampton Inn Gretna 56,691.16 4,600,000 4,591,984 3,350,107 4.30000% 0.01324% 4.28676% 25,048.91 NAP 300,586.92
35 Loan   1 Walgreens Fort Smith 309.83 4,250,000 4,250,000 4,250,000 3.94000% 0.01324% 3.92676% NAP 14,147.97 NAP
36 Loan   2 Walgreens FL & IL Portfolio 146.43 4,250,000 4,250,000 4,250,000 3.56000% 0.01324% 3.54676% NAP 12,783.45 NAP
36.01 Property   1 Walgreens - West Palm, FL   2,350,000 2,350,000 2,350,000            
36.02 Property   1 Walgreens - Carol Steam, IL   1,900,000 1,900,000 1,900,000            
37 Loan   1 Madison Park 87.59 3,500,000 3,500,000 3,500,000 3.42400% 0.01324% 3.41076% NAP 10,125.37 NAP
38 Loan   1 Walgreens Ocala 170.93 2,650,000 2,650,000 2,650,000 3.68000% 0.01324% 3.66676% NAP 8,239.54 NAP

A-1-3 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Annual Debt Service (IO) ($) Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.)
          8                  
1 Loan 2, 26, 27, 30 1 One Memorial Drive 2,593,401.00 Interest Only No Actual/360 120 119 120 119 0 0
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 2,660,931.12 Interest Only - ARD Yes Actual/360 120 120 120 120 0 0
3 Loan   1 Townhouse on the Park 2,557,435.32 Interest Only No Actual/360 120 120 120 120 0 0
4 Loan 2, 26 1 The Veranda 2,122,069.44 Interest Only No Actual/360 120 119 120 119 0 0
5 Loan 2 2 1100 & 820 First Street NE 1,978,730.88 Interest Only No Actual/360 120 119 120 119 0 0
5.01 Property   1 1100 First Street NE                    
5.02 Property   1 820 First Street NE                    
6 Loan 2 1 520 Almanor 1,336,690.80 Interest Only - ARD Yes Actual/360 120 120 120 120 0 0
7 Loan   1 Valley Plaza 1,461,656.64 Interest Only No Actual/360 120 119 120 119 0 0
8 Loan 14 1 Amazon Hunts Point 1,541,672.76 Interest Only No Actual/360 120 120 120 120 0 0
9 Loan   1 Brush Factory Lofts 1,318,258.32 Interest Only, Amortizing Balloon No Actual/360 36 36 120 120 360 360
10 Loan   1 Norcross Industrial Portfolio 1,133,461.92 Interest Only No Actual/360 120 120 120 120 0 0
11 Loan 28 1 Wilmot Plaza 1,188,379.20 Interest Only, Amortizing Balloon No Actual/360 12 11 120 119 360 360
12 Loan 2 1 Audubon Crossings & Commons NAP Amortizing Balloon No Actual/360 0 0 120 117 360 357
13 Loan 19, 30 1 Grand Rapids Commerce Center NAP Amortizing Balloon No Actual/360 0 0 120 119 360 359
14 Loan   3 WoodSpring Suites Portfolio 878,154.48 Interest Only, Amortizing Balloon No Actual/360 12 11 120 119 360 360
14.01 Property   1 WoodSpring Suites Bakersfield                    
14.02 Property   1 WoodSpring Suites Arnold                    
14.03 Property   1 WoodSpring Suites St. Charles                    
15 Loan 2, 26 1 Plaza La Cienega 707,694.48 Interest Only No Actual/360 120 119 120 119 0 0
16 Loan 2 1 La Encantada 681,536.16 Interest Only No Actual/360 120 119 120 119 0 0
17 Loan   1 The Wolf Building 698,708.88 Interest Only No Actual/360 120 119 120 119 0 0
18 Loan 14 1 Middletown Crossing Shopping Center 669,212.28 Interest Only, Amortizing Balloon No Actual/360 60 59 120 119 360 360
19 Loan 26 1 Eltingville Shopping Center 564,229.20 Interest Only No Actual/360 120 119 120 119 0 0
20 Loan   1 Mansfield Commons NAP Amortizing Balloon No Actual/360 0 0 120 120 360 360
21 Loan   1 Peachtree Corners I & II 524,910.60 Interest Only, Amortizing Balloon No Actual/360 36 34 120 118 360 360
22 Loan   1 144 Bleecker Street 536,245.80 Interest Only No Actual/360 120 119 120 119 0 0
23 Loan 29 1 31 Bond Street 439,774.32 Interest Only No Actual/360 120 120 120 120 0 0
24 Loan   1 Corinth Distribution Center 376,680.00 Interest Only No Actual/360 120 119 120 119 0 0
25 Loan   1 Village at Double Diamond 365,671.68 Interest Only No Actual/360 120 120 120 120 0 0
26 Loan 28 1 450 Post Road East 382,664.52 Interest Only No Actual/360 120 120 120 120 0 0
27 Loan   6 Hirschfield NNN Portfolio NAP Amortizing Balloon No Actual/360 0 0 120 120 360 360
27.01 Property   1 729 East Spaulding Avenue                    
27.02 Property   1 5402 West Market Street                    
27.03 Property   1 17061 North Avenue of the Arts                    
27.04 Property   1 6320 Wedgewood Road North                    
27.05 Property   1 1112 Centre West Drive                    
27.06 Property   1 7415 Brandt Pike                    
28 Loan   1 536 West 29th Street 376,940.52 Interest Only No Actual/360 60 59 60 59 0 0
29 Loan 30 1 CVS Wrigleyville 256,797.72 Interest Only No Actual/360 120 119 120 119 0 0
30 Loan   3 Omega Mixed Use Portfolio 275,858.88 Interest Only No Actual/360 120 120 120 120 0 0
30.01 Property   1 Windows, LLC                    
30.02 Property   1 Aultman Medical                    
30.03 Property   1 FedEx Express                    
31 Loan   1 Newberry Crossing 260,599.32 Interest Only, Amortizing Balloon No Actual/360 36 36 120 120 360 360
32 Loan   2 Forrestal & Cicero Portfolio 235,905.60 Interest Only, Amortizing Balloon No Actual/360 60 59 120 119 360 360
32.01 Property   1 Forrestal Industrial Park                    
32.02 Property   1 3312-3314 S. Cicero Avenue                    
33 Loan   1 1523 Voorhies Avenue 191,625.00 Interest Only No Actual/360 120 120 120 120 0 0
34 Loan   1 Hampton Inn Gretna NAP Amortizing Balloon No Actual/360 0 0 120 119 300 299
35 Loan   1 Walgreens Fort Smith 169,775.64 Interest Only No Actual/360 120 120 120 120 0 0
36 Loan   2 Walgreens FL & IL Portfolio 153,401.40 Interest Only No Actual/360 120 119 120 119 0 0
36.01 Property   1 Walgreens - West Palm, FL                    
36.02 Property   1 Walgreens - Carol Steam, IL                    
37 Loan   1 Madison Park 121,504.44 Interest Only No Actual/360 120 120 120 120 0 0
38 Loan   1 Walgreens Ocala 98,874.48 Interest Only No Actual/360 120 119 120 119 0 0

A-1-4 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision
                        12 12 15, 16, 17
1 Loan 2, 26, 27, 30 1 One Memorial Drive 9/15/2021 1 5 11/5/2021 NAP 10/5/2031 NAP 0 0 L(25),DorYM1(89),O(6)
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 10/14/2021 0 6 12/6/2021 NAP 11/6/2031 11/6/2036 0 0 L(24),DorYM1(89),O(7)
3 Loan   1 Townhouse on the Park 10/5/2021 0 1 12/1/2021 NAP 11/1/2031 NAP 0 5 L(24),D(90),O(6)
4 Loan 2, 26 1 The Veranda 10/1/2021 1 5 11/5/2021 NAP 10/5/2031 NAP 0 0 L(24),YM1(1),DorYM1(91),O(4)
5 Loan 2 2 1100 & 820 First Street NE 9/30/2021 1 1 11/1/2021 NAP 10/1/2031 NAP 0 0 L(35),DorYM1(81),O(4)
5.01 Property   1 1100 First Street NE                    
5.02 Property   1 820 First Street NE                    
6 Loan 2 1 520 Almanor 10/20/2021 0 6 12/6/2021 NAP 11/6/2031 6/6/2034 0 0 L(24),D(89),O(7)
7 Loan   1 Valley Plaza 9/24/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(90),O(5)
8 Loan 14 1 Amazon Hunts Point 10/14/2021 0 1 12/1/2021 NAP 11/1/2031 NAP 0 0 L(24),YM1(90),O(6)
9 Loan   1 Brush Factory Lofts 10/7/2021 0 6 12/6/2021 12/6/2024 11/6/2031 NAP 0 0 L(24),D(93),O(3)
10 Loan   1 Norcross Industrial Portfolio 10/18/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),YM1(89),O(7)
11 Loan 28 1 Wilmot Plaza 9/30/2021 1 1 11/1/2021 11/1/2022 10/1/2031 NAP 0 0 L(25),YM1(92),O(3)
12 Loan 2 1 Audubon Crossings & Commons 8/6/2021 3 6 9/6/2021 9/6/2021 8/6/2031 NAP 0 0 L(27),D(86),O(7)
13 Loan 19, 30 1 Grand Rapids Commerce Center 9/30/2021 1 6 11/6/2021 11/6/2021 10/6/2031 NAP 0 0 L(25),D(90),O(5)
14 Loan   3 WoodSpring Suites Portfolio 10/4/2021 1 6 11/6/2021 11/6/2022 10/6/2031 NAP 5 0 L(25),YM1(88),O(7)
14.01 Property   1 WoodSpring Suites Bakersfield                    
14.02 Property   1 WoodSpring Suites Arnold                    
14.03 Property   1 WoodSpring Suites St. Charles                    
15 Loan 2, 26 1 Plaza La Cienega 9/28/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(91),O(4)
16 Loan 2 1 La Encantada 9/17/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(91),O(4)
17 Loan   1 The Wolf Building 9/30/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(90),O(5)
18 Loan 14 1 Middletown Crossing Shopping Center 9/22/2021 1 1 11/1/2021 11/1/2026 10/1/2031 NAP 0 0 L(25),D(91),O(4)
19 Loan 26 1 Eltingville Shopping Center 9/28/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(91),O(4)
20 Loan   1 Mansfield Commons 10/13/2021 0 6 12/6/2021 12/6/2021 11/6/2031 NAP 0 0 L(24),D(92),O(4)
21 Loan   1 Peachtree Corners I & II 8/17/2021 2 6 10/6/2021 10/6/2024 9/6/2031 NAP 0 0 L(26),D(90),O(4)
22 Loan   1 144 Bleecker Street 9/17/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(91),O(4)
23 Loan 29 1 31 Bond Street 10/13/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),D(91),O(5)
24 Loan   1 Corinth Distribution Center 10/6/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(91),O(4)
25 Loan   1 Village at Double Diamond 10/8/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),D(91),O(5)
26 Loan 28 1 450 Post Road East 10/8/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),D(92),O(4)
27 Loan   6 Hirschfield NNN Portfolio 10/8/2021 0 1 12/1/2021 12/1/2021 11/1/2031 NAP 0 0 L(24),D(93),O(3)
27.01 Property   1 729 East Spaulding Avenue                    
27.02 Property   1 5402 West Market Street                    
27.03 Property   1 17061 North Avenue of the Arts                    
27.04 Property   1 6320 Wedgewood Road North                    
27.05 Property   1 1112 Centre West Drive                    
27.06 Property   1 7415 Brandt Pike                    
28 Loan   1 536 West 29th Street 9/8/2021 1 1 11/1/2021 NAP 10/1/2026 NAP 0 0 L(25),D(32),O(3)
29 Loan 30 1 CVS Wrigleyville 9/28/2021 1 1 11/1/2021 NAP 10/1/2031 NAP 0 0 L(25),D(92),O(3)
30 Loan   3 Omega Mixed Use Portfolio 10/8/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),D(92),O(4)
30.01 Property   1 Windows, LLC                    
30.02 Property   1 Aultman Medical                    
30.03 Property   1 FedEx Express                    
31 Loan   1 Newberry Crossing 10/8/2021 0 6 12/6/2021 12/6/2024 11/6/2031 NAP 0 0 L(24),D(92),O(4)
32 Loan   2 Forrestal & Cicero Portfolio 10/6/2021 1 6 11/6/2021 11/6/2026 10/6/2031 NAP 0 0 L(25),YM1(92),O(3)
32.01 Property   1 Forrestal Industrial Park                    
32.02 Property   1 3312-3314 S. Cicero Avenue                    
33 Loan   1 1523 Voorhies Avenue 10/12/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),D(93),O(3)
34 Loan   1 Hampton Inn Gretna 9/24/2021 1 6 11/6/2021 11/6/2021 10/6/2031 NAP 0 0 L(25),D(91),O(4)
35 Loan   1 Walgreens Fort Smith 10/8/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),D(93),O(3)
36 Loan   2 Walgreens FL & IL Portfolio 10/1/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(92),O(3)
36.01 Property   1 Walgreens - West Palm, FL                    
36.02 Property   1 Walgreens - Carol Steam, IL                    
37 Loan   1 Madison Park 10/12/2021 0 6 12/6/2021 NAP 11/6/2031 NAP 0 0 L(24),D(91),O(5)
38 Loan   1 Walgreens Ocala 9/23/2021 1 6 11/6/2021 NAP 10/6/2031 NAP 0 0 L(25),D(92),O(3)

A-1-5 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Most Recent EGI ($) Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($)
              11                
1 Loan 2, 26, 27, 30 1 One Memorial Drive 38,682,848 8,088,398 30,594,450 12/31/2020 T-12 37,500,457 8,064,155 29,436,302 12/31/2019 T-12 NAV
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
3 Loan   1 Townhouse on the Park NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
4 Loan 2, 26 1 The Veranda 16,420,997 6,536,810 9,884,188 7/31/2021 T-12 14,437,383 6,383,539 8,053,843 12/31/2020 T-12 12,456,631
5 Loan 2 2 1100 & 820 First Street NE 33,835,567 13,479,685 20,355,882 7/31/2021 T-12 32,752,042 12,514,466 20,237,576 12/31/2020 T-12 32,584,992
5.01 Property   1 1100 First Street NE 19,671,991 6,566,029 13,105,962 7/31/2021 T-12 18,518,357 6,234,785 12,283,572 12/31/2020 T-12 19,060,848
5.02 Property   1 820 First Street NE 14,163,576 6,913,656 7,249,920 7/31/2021 T-12 14,233,685 6,279,681 7,954,004 12/31/2020 T-12 13,524,144
6 Loan 2 1 520 Almanor NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
7 Loan   1 Valley Plaza NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
8 Loan 14 1 Amazon Hunts Point NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
9 Loan   1 Brush Factory Lofts 2,316,387 552,246 1,764,141 8/31/2021 T-12 NAV NAV NAV NAV NAV NAV
10 Loan   1 Norcross Industrial Portfolio 4,524,071 2,047,979 2,476,092 7/31/2021 T-12 4,990,329 2,003,468 2,986,861 12/31/2020 T-12 4,879,218
11 Loan 28 1 Wilmot Plaza 3,857,842 618,974 3,238,868 8/31/2021 T-12 3,824,387 641,728 3,182,659 12/31/2020 T-12 3,817,535
12 Loan 2 1 Audubon Crossings & Commons 5,706,395 2,170,499 3,535,895 5/31/2021 T-12 5,850,796 2,144,600 3,706,195 12/31/2020 T-12 6,597,967
13 Loan 19, 30 1 Grand Rapids Commerce Center 6,057,601 1,672,271 4,385,330 7/31/2021 T-12 5,697,962 1,514,265 4,183,697 12/31/2020 T-12 5,356,736
14 Loan   3 WoodSpring Suites Portfolio 6,205,716 3,029,217 3,176,500 8/31/2021 T-12 5,088,486 2,715,949 2,372,536 12/31/2020 T-12 4,955,976
14.01 Property   1 WoodSpring Suites Bakersfield 2,641,483 1,320,828 1,320,655 8/31/2021 T-12 2,130,361 1,112,674 1,017,687 12/31/2020 T-12 2,013,634
14.02 Property   1 WoodSpring Suites Arnold 1,831,278 858,995 972,283 8/31/2021 T-12 1,375,978 768,919 607,059 12/31/2020 T-12 1,573,296
14.03 Property   1 WoodSpring Suites St. Charles 1,732,955 849,393 883,562 8/31/2021 T-12 1,582,147 834,357 747,790 12/31/2020 T-12 1,369,046
15 Loan 2, 26 1 Plaza La Cienega 9,426,667 2,103,305 7,323,362 6/30/2021 T-12 9,733,855 2,115,805 7,618,050 12/31/2020 T-12 8,035,372
16 Loan 2 1 La Encantada 11,458,478 2,967,871 8,490,607 7/31/2021 T-12 11,959,905 2,849,069 9,110,836 12/31/2020 T-12 13,226,187
17 Loan   1 The Wolf Building 2,467,062 823,247 1,643,815 7/31/2021 T-12 2,608,744 834,913 1,773,831 12/31/2020 T-12 2,872,109
18 Loan 14 1 Middletown Crossing Shopping Center 2,718,984 728,720 1,990,264 6/30/2021 T-12 2,684,868 766,093 1,918,775 12/31/2020 T-12 2,644,856
19 Loan 26 1 Eltingville Shopping Center 4,071,038 1,637,565 2,433,473 6/30/2021 T-12 4,069,757 1,521,446 2,548,312 12/31/2020 T-12 4,250,263
20 Loan   1 Mansfield Commons 2,947,455 1,752,946 1,194,509 8/31/2021 T-12 2,565,319 1,344,506 1,220,813 12/31/2020 T-12 3,068,455
21 Loan   1 Peachtree Corners I & II 1,515,486 532,384 983,102 12/31/2020 T-12 1,348,723 465,222 883,501 12/31/2019 T-12 NAV
22 Loan   1 144 Bleecker Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
23 Loan 29 1 31 Bond Street 1,429,708 389,724 1,039,983 6/30/2021 T-12 NAV NAV NAV NAV NAV NAV
24 Loan   1 Corinth Distribution Center 1,152,343 239,935 912,407 8/31/2021 T-12 910,278 242,942 667,336 12/31/2020 T-12 1,138,826
25 Loan   1 Village at Double Diamond 1,589,770 335,998 1,253,772 8/31/2021 T-12 1,563,083 323,223 1,239,860 12/31/2020 T-12 1,506,892
26 Loan 28 1 450 Post Road East 1,467,458 547,873 919,586 7/31/2021 Annualized 1,469,110 563,480 905,630 12/31/2020 T-12 1,387,221
27 Loan   6 Hirschfield NNN Portfolio 1,086,166 274,933 811,233 7/31/2021 T-12 1,062,562 217,156 845,406 12/31/2020 T-12 1,054,170
27.01 Property   1 729 East Spaulding Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.02 Property   1 5402 West Market Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.03 Property   1 17061 North Avenue of the Arts NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.04 Property   1 6320 Wedgewood Road North NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.05 Property   1 1112 Centre West Drive NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.06 Property   1 7415 Brandt Pike NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
28 Loan   1 536 West 29th Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
29 Loan 30 1 CVS Wrigleyville NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
30 Loan   3 Omega Mixed Use Portfolio NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
30.01 Property   1 Windows, LLC NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
30.02 Property   1 Aultman Medical NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
30.03 Property   1 FedEx Express NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
31 Loan   1 Newberry Crossing 1,202,030 431,177 770,853 6/30/2021 T-12 948,562 421,133 527,429 12/31/2020 T-12 1,267,657
32 Loan   2 Forrestal & Cicero Portfolio NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
32.01 Property   1 Forrestal Industrial Park NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
32.02 Property   1 3312-3314 S. Cicero Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
33 Loan   1 1523 Voorhies Avenue 377,235 193,476 183,759 7/31/2021 T-12 247,864 197,258 50,606 12/31/2020 T-12 422,389
34 Loan   1 Hampton Inn Gretna 2,036,171 1,076,953 959,219 7/31/2021 T-12 NAV NAV NAV NAV NAV NAV
35 Loan   1 Walgreens Fort Smith NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
36 Loan   2 Walgreens FL & IL Portfolio 512,700 15,381 497,319 5/31/2021 T-12 512,700 15,381 497,319 12/31/2020 T-12 NAV
36.01 Property   1 Walgreens - West Palm, FL 293,700 8,811 284,889 5/31/2021 T-12 293,700 8,811 284,889 12/31/2020 T-12 NAV
36.02 Property   1 Walgreens - Carol Steam, IL 219,000 6,570 212,430 5/31/2021 T-12 219,000 6,570 212,430 12/31/2020 T-12 NAV
37 Loan   1 Madison Park 478,721 129,911 348,810 5/31/2021 T-12 454,916 134,679 320,236 12/31/2020 T-12 428,684
38 Loan   1 Walgreens Ocala NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV

A-1-6 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($)
                        11    
1 Loan 2, 26, 27, 30 1 One Memorial Drive NAV NAV NAV NAV 96.0% 39,738,327 9,140,405 30,597,922 81,884 818,844
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street NAV NAV NAV NAV 98.5% 92,929,288 12,225,756 80,703,532 137,285 0
3 Loan   1 Townhouse on the Park NAV NAV NAV NAV 95.0% 6,523,157 1,090,910 5,432,248 15,000 0
4 Loan 2, 26 1 The Veranda 6,146,158 6,310,473 12/31/2019 T-12 95.0% 17,143,342 6,554,555 10,588,787 54,834 182,780
5 Loan 2 2 1100 & 820 First Street NE 14,056,616 18,528,376 12/31/2019 T-12 90.8% 33,446,742 13,570,406 19,876,336 131,014 1,310,142
5.01 Property   1 1100 First Street NE 7,147,764 11,913,084 12/31/2019 T-12 91.4% 18,481,777 6,848,092 11,633,685 69,793 697,934
5.02 Property   1 820 First Street NE 6,908,852 6,615,292 12/31/2019 T-12 90.1% 14,964,965 6,722,313 8,242,651 61,221 612,208
6 Loan 2 1 520 Almanor NAV NAV NAV NAV 95.0% 19,193,177 6,025,100 13,168,077 0 0
7 Loan   1 Valley Plaza NAV NAV NAV NAV 96.8% 4,502,031 1,342,065 3,159,966 15,531 30,405
8 Loan 14 1 Amazon Hunts Point NAV NAV NAV NAV 100.0% 2,511,466 0 2,511,466 0 0
9 Loan   1 Brush Factory Lofts NAV NAV NAV NAV 95.0% 3,034,163 603,267 2,430,896 37,750 0
10 Loan   1 Norcross Industrial Portfolio 1,781,409 3,097,809 12/31/2019 T-12 74.5% 4,955,515 1,976,381 2,979,134 141,245 9,565
11 Loan 28 1 Wilmot Plaza 658,766 3,158,769 12/31/2019 T-12 93.3% 3,859,808 682,726 3,177,082 20,922 141,672
12 Loan 2 1 Audubon Crossings & Commons 2,205,621 4,392,346 12/31/2019 T-12 85.8% 6,119,441 2,092,357 4,027,085 98,368 226,894
13 Loan 19, 30 1 Grand Rapids Commerce Center 2,038,211 3,318,525 12/31/2019 T-12 78.9% 6,686,590 2,177,300 4,509,290 291,284 307,572
14 Loan   3 WoodSpring Suites Portfolio 2,685,323 2,270,653 12/31/2019 T-12 90.9% 6,205,716 3,038,449 3,167,267 248,229 0
14.01 Property   1 WoodSpring Suites Bakersfield 1,062,129 951,505 12/31/2019 T-12 87.7% 2,641,483 1,304,498 1,336,985 105,659 0
14.02 Property   1 WoodSpring Suites Arnold 764,945 808,351 12/31/2019 T-12 91.3% 1,831,278 870,962 960,316 73,251 0
14.03 Property   1 WoodSpring Suites St. Charles 858,249 510,797 12/31/2019 T-12 93.8% 1,732,955 862,989 869,966 69,318 0
15 Loan 2, 26 1 Plaza La Cienega 2,181,126 5,854,246 12/31/2019 T-12 93.2% 10,276,791 2,265,279 8,011,513 61,178 398,772
16 Loan 2 1 La Encantada 2,900,549 10,325,638 12/31/2019 T-12 89.3% 13,006,834 3,560,488 9,446,346 49,191 0
17 Loan   1 The Wolf Building 914,634 1,957,475 12/31/2019 T-12 92.7% 3,009,421 972,937 2,036,485 32,054 131,658
18 Loan 14 1 Middletown Crossing Shopping Center 762,025 1,882,831 12/31/2019 T-12 92.4% 2,838,837 747,055 2,091,782 25,941 103,762
19 Loan 26 1 Eltingville Shopping Center 1,638,005 2,612,258 12/31/2019 T-12 79.1% 3,372,129 1,584,821 1,787,308 50,900 33,060
20 Loan   1 Mansfield Commons 1,698,907 1,369,548 12/31/2019 T-12 94.9% 3,357,541 1,765,300 1,592,240 59,850 94,448
21 Loan   1 Peachtree Corners I & II NAV NAV NAV NAV 90.0% 2,253,654 626,275 1,627,380 24,485 38,231
22 Loan   1 144 Bleecker Street NAV NAV NAV NAV 95.0% 992,150 126,133 866,018 6,950 0
23 Loan 29 1 31 Bond Street NAV NAV NAV NAV 95.0% 1,352,217 368,612 983,605 3,558 55,005
24 Loan   1 Corinth Distribution Center 241,296 897,529 12/31/2019 T-12 95.4% 1,405,022 335,207 1,069,815 29,400 52,660
25 Loan   1 Village at Double Diamond 329,403 1,177,489 12/31/2019 T-12 95.0% 1,750,888 404,655 1,346,233 6,378 86,975
26 Loan 28 1 450 Post Road East 578,391 808,829 12/31/2019 T-12 96.1% 1,427,186 564,840 862,346 7,155 45,597
27 Loan   6 Hirschfield NNN Portfolio 279,715 774,455 12/31/2019 T-12 88.3% 1,188,040 293,300 894,740 0 0
27.01 Property   1 729 East Spaulding Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.02 Property   1 5402 West Market Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.03 Property   1 17061 North Avenue of the Arts NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.04 Property   1 6320 Wedgewood Road North NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.05 Property   1 1112 Centre West Drive NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
27.06 Property   1 7415 Brandt Pike NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
28 Loan   1 536 West 29th Street NAV NAV NAV NAV 97.5% 883,723 171,982 711,740 320 640
29 Loan 30 1 CVS Wrigleyville NAV NAV NAV NAV 99.0% 792,507 7,925 784,582 2,040 0
30 Loan   3 Omega Mixed Use Portfolio NAV NAV NAV NAV 95.4% 961,389 218,936 742,453 23,515 38,440
30.01 Property   1 Windows, LLC NAV NAV NAV NAV 95.0% 370,749 73,557 297,191 2,086 15,767
30.02 Property   1 Aultman Medical NAV NAV NAV NAV 95.0% 276,402 55,955 220,447 1,643 13,294
30.03 Property   1 FedEx Express NAV NAV NAV NAV 96.3% 314,238 89,423 224,814 19,786 9,379
31 Loan   1 Newberry Crossing 419,845 847,812 12/31/2019 T-12 94.4% 1,283,256 430,128 853,128 22,939 114,693
32 Loan   2 Forrestal & Cicero Portfolio NAV NAV NAV NAV 95.3% 903,156 304,794 598,362 6,516 45,704
32.01 Property   1 Forrestal Industrial Park NAV NAV NAV NAV 95.0% 507,365 173,978 333,386 5,250 39,375
32.02 Property   1 3312-3314 S. Cicero Avenue NAV NAV NAV NAV 95.7% 395,791 130,815 264,976 1,266 6,329
33 Loan   1 1523 Voorhies Avenue 202,928 219,461 12/31/2019 T-12 95.0% 657,900 210,688 447,211 6,027 19,582
34 Loan   1 Hampton Inn Gretna NAV NAV NAV NAV 79.4% 2,036,171 1,124,722 911,449 81,447 0
35 Loan   1 Walgreens Fort Smith NAV NAV NAV NAV 97.0% 373,808 16,820 356,989 2,058 0
36 Loan   2 Walgreens FL & IL Portfolio NAV NAV NAV NAV 97.3% 480,389 14,412 465,977 4,354 15,221
36.01 Property   1 Walgreens - West Palm, FL NAV NAV NAV NAV 97.0% 284,889 8,547 276,342 2,268 12,061
36.02 Property   1 Walgreens - Carol Steam, IL NAV NAV NAV NAV 97.8% 195,500 5,865 189,635 2,086 3,160
37 Loan   1 Madison Park 151,444 277,240 12/31/2019 T-12 95.0% 466,980 128,338 338,642 3,996 19,980
38 Loan   1 Walgreens Ocala NAV NAV NAV NAV 97.0% 271,381 8,141 263,239 2,325 9,019

A-1-7 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%) Underwritten NCF Debt Yield (%) Appraised Value ($) Appraised Value Type Appraisal Date
            8 8     13, 14    
1 Loan 2, 26, 27, 30 1 One Memorial Drive 29,697,194 3.74 3.63 10.2% 9.9% 828,000,000 As Is 8/31/2021
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 80,566,247 3.50 3.50 9.9% 9.9% 1,954,000,000 Prospective Market Value Upon Completion & Stabilization 4/1/2023
3 Loan   1 Townhouse on the Park 5,417,248 2.12 2.12 7.0% 7.0% 137,000,000 As Is 7/27/2021
4 Loan 2, 26 1 The Veranda 10,351,173 3.49 3.41 10.6% 10.4% 197,100,000 As Is 8/19/2021
5 Loan 2 2 1100 & 820 First Street NE 18,435,180 3.09 2.87 9.4% 8.7% 332,000,000 As Is 8/12/2021
5.01 Property   1 1100 First Street NE 10,865,957         199,000,000 As Is 8/12/2021
5.02 Property   1 820 First Street NE 7,569,223         133,000,000 As Is 8/12/2021
6 Loan 2 1 520 Almanor 13,168,077 5.00 5.00 13.0% 13.0% 254,000,000 As Stabilized 3/1/2023
7 Loan   1 Valley Plaza 3,114,030 2.16 2.13 8.1% 8.0% 65,500,000 As Is 8/16/2021
8 Loan 14 1 Amazon Hunts Point 2,511,466 1.63 1.63 7.2% 7.2% 58,000,000 Prospective Market Value Upon Completion and Stabilization 8/1/2021
9 Loan   1 Brush Factory Lofts 2,393,146 1.30 1.28 7.4% 7.3% 48,600,000 As Is 9/3/2021
10 Loan   1 Norcross Industrial Portfolio 2,828,324 2.63 2.50 9.5% 9.0% 60,000,000 As Is 9/17/2021
11 Loan 28 1 Wilmot Plaza 3,014,488 1.87 1.77 10.6% 10.0% 46,000,000 As Is 7/21/2021
12 Loan 2 1 Audubon Crossings & Commons 3,701,823 1.55 1.42 8.6% 7.9% 68,550,000 As Is 7/12/2021
13 Loan 19, 30 1 Grand Rapids Commerce Center 3,910,433 3.19 2.77 17.0% 14.7% 44,100,000 As Is 7/23/2021
14 Loan   3 WoodSpring Suites Portfolio 2,919,038 2.63 2.42 15.5% 14.2% 31,550,000 As Is Various
14.01 Property   1 WoodSpring Suites Bakersfield 1,231,326         13,800,000 As Is 8/31/2021
14.02 Property   1 WoodSpring Suites Arnold 887,065         9,150,000 As Is 8/26/2021
14.03 Property   1 WoodSpring Suites St. Charles 800,648         8,600,000 As Is 8/26/2021
15 Loan 2, 26 1 Plaza La Cienega 7,551,563 2.52 2.37 8.9% 8.4% 164,000,000 As Is 6/16/2021
16 Loan 2 1 La Encantada 9,397,155 2.72 2.70 9.3% 9.2% 173,700,000 As Is 6/5/2021
17 Loan   1 The Wolf Building 1,872,772 2.91 2.68 10.2% 9.4% 38,800,000 As Is 7/8/2021
18 Loan 14 1 Middletown Crossing Shopping Center 1,962,079 2.00 1.88 10.6% 9.9% 29,300,000 As Is 8/3/2021
19 Loan 26 1 Eltingville Shopping Center 1,703,348 3.17 3.02 10.2% 9.7% 36,000,000 As Is 7/26/2021
20 Loan   1 Mansfield Commons 1,437,942 1.75 1.58 10.0% 9.0% 25,500,000 As Is 8/31/2021
21 Loan   1 Peachtree Corners I & II 1,564,664 2.02 1.94 10.8% 10.4% 21,700,000 As Is 5/21/2021
22 Loan   1 144 Bleecker Street 859,068 1.61 1.60 6.7% 6.7% 18,900,000 As Stabilized 7/1/2021
23 Loan 29 1 31 Bond Street 925,042 2.24 2.10 7.9% 7.4% 22,900,000 As Is 8/17/2021
24 Loan   1 Corinth Distribution Center 987,755 2.84 2.62 9.9% 9.1% 17,200,000 As Is 9/15/2021
25 Loan   1 Village at Double Diamond 1,252,881 3.68 3.43 12.5% 11.7% 19,800,000 As Is 8/26/2021
26 Loan 28 1 450 Post Road East 809,594 2.25 2.12 9.0% 8.5% 15,600,000 As Is 8/11/2021
27 Loan   6 Hirschfield NNN Portfolio 894,740 1.66 1.66 9.4% 9.4% 12,690,000 Various Various
27.01 Property   1 729 East Spaulding Avenue NAV         3,360,000 As Is 5/1/2021
27.02 Property   1 5402 West Market Street NAV         2,670,000 As Is 4/20/2021
27.03 Property   1 17061 North Avenue of the Arts NAV         2,210,000 As Is 4/29/2021
27.04 Property   1 6320 Wedgewood Road North NAV         2,030,000 As Is 4/28/2021
27.05 Property   1 1112 Centre West Drive NAV         1,820,000 Hypothetical As If Complete 7/23/2021
27.06 Property   1 7415 Brandt Pike NAV         600,000 As Is 4/29/2021
28 Loan   1 536 West 29th Street 710,780 1.89 1.89 8.2% 8.2% 13,000,000 As Is 8/18/2021
29 Loan 30 1 CVS Wrigleyville 782,542 3.06 3.05 9.8% 9.8% 17,700,000 As Is 9/6/2021
30 Loan   3 Omega Mixed Use Portfolio 680,498 2.69 2.47 9.8% 9.0% 12,655,000 As Is Various
30.01 Property   1 Windows, LLC 279,338         5,325,000 As Is 8/16/2021
30.02 Property   1 Aultman Medical 205,510         3,730,000 As Is 8/18/2021
30.03 Property   1 FedEx Express 195,649         3,600,000 As Is 8/11/2021
31 Loan   1 Newberry Crossing 715,496 2.24 1.88 12.5% 10.5% 10,900,000 As Is 8/2/2021
32 Loan   2 Forrestal & Cicero Portfolio 546,143 1.75 1.60 9.8% 8.9% 10,290,000 Various Various
32.01 Property   1 Forrestal Industrial Park 288,761         5,750,000 As Is 8/18/2021
32.02 Property   1 3312-3314 S. Cicero Avenue 257,382         4,540,000 As Stabilized 9/1/2022
33 Loan   1 1523 Voorhies Avenue 421,602 2.33 2.20 8.9% 8.4% 8,700,000 As Is 8/24/2021
34 Loan   1 Hampton Inn Gretna 830,003 3.03 2.76 19.8% 18.1% 8,300,000 As Is 8/20/2021
35 Loan   1 Walgreens Fort Smith 354,931 2.10 2.09 8.4% 8.4% 7,550,000 As Is 8/7/2021
36 Loan   2 Walgreens FL & IL Portfolio 446,403 3.04 2.91 11.0% 10.5% 8,500,000 As Is Various
36.01 Property   1 Walgreens - West Palm, FL 262,014         4,700,000 As Is 8/8/2021
36.02 Property   1 Walgreens - Carol Steam, IL 184,389         3,800,000 As Is 8/3/2021
37 Loan   1 Madison Park 327,166 2.79 2.69 9.7% 9.3% 6,500,000 As Is 8/12/2021
38 Loan   1 Walgreens Ocala 251,895 2.66 2.55 9.9% 9.5% 5,500,000 As Is 7/24/2021

A-1-8 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single Tenant (Y/N) Largest Tenant Largest Tenant SF Largest Tenant % of NRA
          13, 14 13, 14 4, 19, 22     20, 21    
1 Loan 2, 26, 27, 30 1 One Memorial Drive 36.1% 36.1% 98.5% 9/1/2021 No InterSystems Corporation 239,417 58.5%
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 41.7% 41.7% 100.0% 10/14/2021 Yes Aventis Inc. 915,233 100.0%
3 Loan   1 Townhouse on the Park 56.9% 56.9% 96.0% 8/17/2021 NAP NAP NAP NAP
4 Loan 2, 26 1 The Veranda 50.7% 50.7% 95.5% 10/1/2021 No Dave & Buster’s 47,014 12.9%
5 Loan 2 2 1100 & 820 First Street NE 63.6% 63.6% 89.1%          
5.01 Property   1 1100 First Street NE     91.7% 9/1/2021 No GSA - Department Veterans Affairs 131,454 37.7%
5.02 Property   1 820 First Street NE     86.1% 9/1/2021 No Turner Broadcasting System Inc 106,763 34.9%
6 Loan 2 1 520 Almanor 40.0% 40.0% 98.3% 10/20/2021 Yes Nokia Corp 227,220 98.3%
7 Loan   1 Valley Plaza 59.4% 59.4% 100.0% 6/30/2021 No Target 80,411 51.8%
8 Loan 14 1 Amazon Hunts Point 59.8% 59.8% NAP NAP NAP NAP NAP NAP
9 Loan   1 Brush Factory Lofts 67.9% 58.6% 97.4% 9/15/2021 NAP NAP NAP NAP
10 Loan   1 Norcross Industrial Portfolio 52.5% 52.5% 75.6% 8/1/2021 No Colorchrome Atlanta Inc 51,665 7.3%
11 Loan 28 1 Wilmot Plaza 65.2% 53.2% 95.5% 9/9/2021 No Dick’s Sporting Goods 50,000 35.8%
12 Loan 2 1 Audubon Crossings & Commons 68.3% 53.9% 87.6% 7/1/2021 No Walmart 150,111 32.0%
13 Loan 19, 30 1 Grand Rapids Commerce Center 60.3% 46.9% 75.0% 9/1/2021 No Sprinter Services, Inc 473,174 24.4%
14 Loan   3 WoodSpring Suites Portfolio 65.0% 53.6% 90.9%          
14.01 Property   1 WoodSpring Suites Bakersfield     87.7% 8/31/2021 NAP NAP NAP NAP
14.02 Property   1 WoodSpring Suites Arnold     91.3% 8/31/2021 NAP NAP NAP NAP
14.03 Property   1 WoodSpring Suites St. Charles     93.8% 8/31/2021 NAP NAP NAP NAP
15 Loan 2, 26 1 Plaza La Cienega 54.9% 54.9% 93.7% 3/31/2021 No LA Fitness 65,000 21.2%
16 Loan 2 1 La Encantada 58.7% 58.7% 89.7% 9/1/2021 No AJ’s Fine Foods 28,692 11.7%
17 Loan   1 The Wolf Building 51.5% 51.5% 93.1% 9/29/2021 NAP NAP NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center 67.4% 60.5% 92.6% 7/27/2021 No ACME 57,560 33.3%
19 Loan 26 1 Eltingville Shopping Center 48.6% 48.6% 75.8% 7/28/2021 No Rite Aid 10,172 10.5%
20 Loan   1 Mansfield Commons 62.7% 49.7% 98.2% 8/25/2021 No Walmart 123,519 45.4%
21 Loan   1 Peachtree Corners I & II 69.4% 59.1% 89.7% 8/1/2021 No Technicolor Connected Home USA LLC 53,188 32.6%
22 Loan   1 144 Bleecker Street 68.3% 68.3% 96.2% 7/15/2021 NAP NAP NAP NAP
23 Loan 29 1 31 Bond Street 54.6% 54.6% 100.0% 6/1/2021 No Unily 5,956 33.5%
24 Loan   1 Corinth Distribution Center 62.8% 62.8% 100.0% 9/7/2021 No Kimberly Clark 168,000 57.1%
25 Loan   1 Village at Double Diamond 54.3% 54.3% 89.5% 10/6/2021 No Taco Bell 4,000 6.9%
26 Loan 28 1 450 Post Road East 61.3% 61.3% 100.0% 9/1/2021 No Wells Fargo Advisors, LLC 31,577 88.3%
27 Loan   6 Hirschfield NNN Portfolio 75.0% 59.4% 84.9% 11/1/2021        
27.01 Property   1 729 East Spaulding Avenue     100.0% 11/1/2021 Yes St. Mary Corwin Hospital (Centura Health) 9,500 100.0%
27.02 Property   1 5402 West Market Street     100.0% 11/1/2021 Yes FastMed Urgent Care 6,436 100.0%
27.03 Property   1 17061 North Avenue of the Arts     100.0% 11/1/2021 Yes Arrowhead Health Management 6,150 100.0%
27.04 Property   1 6320 Wedgewood Road North     100.0% 11/1/2021 Yes Fairview Health Services 6,085 100.0%
27.05 Property   1 1112 Centre West Drive     100.0% 11/1/2021 Yes Fresenius Medical Care 6,567 100.0%
27.06 Property   1 7415 Brandt Pike     0.0% 11/1/2021 NAP NAP NAP NAP
28 Loan   1 536 West 29th Street 66.5% 66.5% 100.0% 11/1/2021 Yes Beowulf Electricity & Data 6,400 100.0%
29 Loan 30 1 CVS Wrigleyville 45.2% 45.2% 100.0% 11/1/2021 Yes CVS 10,200 100.0%
30 Loan   3 Omega Mixed Use Portfolio 60.1% 60.1% 100.0%          
30.01 Property   1 Windows, LLC     100.0% 11/6/2021 Yes Windows, LLC 29,800 100.0%
30.02 Property   1 Aultman Medical     100.0% 11/6/2021 Yes Aultman Medical Group 14,934 100.0%
30.03 Property   1 FedEx Express     100.0% 11/6/2021 Yes FedEx 44,968 100.0%
31 Loan   1 Newberry Crossing 62.6% 53.8% 96.3% 9/23/2021 No TJ Maxx/HomeGoods 49,643 43.3%
32 Loan   2 Forrestal & Cicero Portfolio 59.5% 53.8% 100.0%          
32.01 Property   1 Forrestal Industrial Park     100.0% 6/30/2021 No Carlstedts 10,500 20.0%
32.02 Property   1 3312-3314 S. Cicero Avenue     100.0% 8/1/2021 No Verizon Wireless 3,005 35.6%
33 Loan   1 1523 Voorhies Avenue 57.5% 57.5% 100.0% 9/1/2021 No Six Star Plus Inc 5,796 34.0%
34 Loan   1 Hampton Inn Gretna 55.3% 40.4% 79.4% 7/31/2021 NAP NAP NAP NAP
35 Loan   1 Walgreens Fort Smith 56.3% 56.3% 100.0% 11/6/2021 Yes Walgreens 13,717 100.0%
36 Loan   2 Walgreens FL & IL Portfolio 50.0% 50.0% 100.0%          
36.01 Property   1 Walgreens - West Palm, FL     100.0% 11/6/2021 Yes Walgreens 15,120 100.0%
36.02 Property   1 Walgreens - Carol Steam, IL     100.0% 11/6/2021 Yes Walgreens 13,905 100.0%
37 Loan   1 Madison Park 53.8% 53.8% 100.0% 10/4/2021 No Mr. Bill’s Touch-Up Service (William Lee Wilson) 9,780 24.5%
38 Loan   1 Walgreens Ocala 48.2% 48.2% 100.0% 11/6/2021 Yes Walgreens 15,503 100.0%

A-1-9 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date Third Largest Tenant
          20, 21 21     21 21
1 Loan 2, 26, 27, 30 1 One Memorial Drive 3/31/2028 Microsoft Corporation 156,849 38.3% 6/30/2028 NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 11/30/2036 NAP NAP NAP NAP NAP
3 Loan   1 Townhouse on the Park NAP NAP NAP NAP NAP NAP
4 Loan 2, 26 1 The Veranda 9/30/2034 Veranda Cinema 40,683 11.1% 12/31/2037 LA Fitness
5 Loan 2 2 1100 & 820 First Street NE            
5.01 Property   1 1100 First Street NE 6/25/2026 Mathematica Policy Research, Inc. 125,429 35.9% 10/31/2026 GSA - FERC
5.02 Property   1 820 First Street NE 12/31/2031 Accenture LLP 73,467 24.0% 2/28/2025 GSA - HUD
6 Loan 2 1 520 Almanor 6/30/2034 NAP NAP NAP NAP NAP
7 Loan   1 Valley Plaza 3/31/2037 Burlington Coat Factory 42,680 27.5% 2/28/2030 Ross Dress For Less
8 Loan 14 1 Amazon Hunts Point NAP NAP NAP NAP NAP NAP
9 Loan   1 Brush Factory Lofts NAP NAP NAP NAP NAP NAP
10 Loan   1 Norcross Industrial Portfolio 11/30/2023 Yes Video Inc 38,378 5.4% 2/28/2022 Four Corners Primary Care
11 Loan 28 1 Wilmot Plaza 1/31/2026 T.J. Maxx 27,000 19.4% 1/31/2028 Nordstrom Rack
12 Loan 2 1 Audubon Crossings & Commons 1/31/2027 Acme Markets 66,169 14.1% 3/31/2025 Ross Dress For Less
13 Loan 19, 30 1 Grand Rapids Commerce Center 6/30/2027 Keystone Automotive Industries 216,394 11.1% 3/31/2023 Packaging Corp. of America
14 Loan   3 WoodSpring Suites Portfolio            
14.01 Property   1 WoodSpring Suites Bakersfield NAP NAP NAP NAP NAP NAP
14.02 Property   1 WoodSpring Suites Arnold NAP NAP NAP NAP NAP NAP
14.03 Property   1 WoodSpring Suites St. Charles NAP NAP NAP NAP NAP NAP
15 Loan 2, 26 1 Plaza La Cienega 1/31/2037 Target 61,965 20.3% 1/31/2036 Ross Dress For Less
16 Loan 2 1 La Encantada 1/31/2024 Crate & Barrel 22,560 9.2% 1/31/2024 Pottery Barn
17 Loan   1 The Wolf Building NAP NAP NAP NAP NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center 6/30/2022 Walgreens 12,500 7.2% 5/31/2028 Kreston Wine & Spirits
19 Loan 26 1 Eltingville Shopping Center 1/31/2032 SI Behavioral Network, Inc. 7,865 8.1% 5/31/2022 Advance Stores Company Inc.
20 Loan   1 Mansfield Commons 1/25/2025 Kohl’s 88,830 32.7% 1/31/2027 Marshalls
21 Loan   1 Peachtree Corners I & II 12/31/2029 MDA Holdings, Inc. 41,607 25.5% 10/31/2024 Pinnacle Promotions Inc.
22 Loan   1 144 Bleecker Street NAP NAP NAP NAP NAP NAP
23 Loan 29 1 31 Bond Street 3/31/2026 Kairos Managers LLC 2,988 16.8% 7/31/2025 BILT Technologies, Inc.
24 Loan   1 Corinth Distribution Center 7/31/2024 Draka Elevator 66,000 22.4% 2/29/2024 Northrop Grumman Systems Corp.
25 Loan   1 Village at Double Diamond 4/30/2026 Metamorphosis Salon and Day Spa 3,640 6.3% 10/31/2025 Great Full Gardens
26 Loan 28 1 450 Post Road East 2/28/2029 Wiliams Trading 4,200 11.7% 4/30/2024 NAP
27 Loan   6 Hirschfield NNN Portfolio            
27.01 Property   1 729 East Spaulding Avenue 2/28/2024 NAP NAP NAP NAP NAP
27.02 Property   1 5402 West Market Street 5/31/2028 NAP NAP NAP NAP NAP
27.03 Property   1 17061 North Avenue of the Arts 11/30/2022 NAP NAP NAP NAP NAP
27.04 Property   1 6320 Wedgewood Road North 10/31/2026 NAP NAP NAP NAP NAP
27.05 Property   1 1112 Centre West Drive 2/28/2027 NAP NAP NAP NAP NAP
27.06 Property   1 7415 Brandt Pike NAP NAP NAP NAP NAP NAP
28 Loan   1 536 West 29th Street 9/14/2036 NAP NAP NAP NAP NAP
29 Loan 30 1 CVS Wrigleyville 1/31/2037 NAP NAP NAP NAP NAP
30 Loan   3 Omega Mixed Use Portfolio            
30.01 Property   1 Windows, LLC 8/31/2031 NAP NAP NAP NAP NAP
30.02 Property   1 Aultman Medical 6/30/2032 NAP NAP NAP NAP NAP
30.03 Property   1 FedEx Express 2/28/2027 NAP NAP NAP NAP NAP
31 Loan   1 Newberry Crossing 2/29/2028 Bealls Outlet 30,760 26.8% 6/30/2026 Earth Origins Market
32 Loan   2 Forrestal & Cicero Portfolio            
32.01 Property   1 Forrestal Industrial Park 4/30/2025 A Ray Textiles 5,250 10.0% 9/30/2022 Coastal Conservation
32.02 Property   1 3312-3314 S. Cicero Avenue 6/30/2028 Midwest Express Clinic 2,508 29.7% 10/31/2031 Tropical Smoothie Café
33 Loan   1 1523 Voorhies Avenue 4/30/2026 LevelUp MD 4,320 25.4% 4/30/2031 Columbus Anti-Aging
34 Loan   1 Hampton Inn Gretna NAP NAP NAP NAP NAP NAP
35 Loan   1 Walgreens Fort Smith 8/31/2036 NAP NAP NAP NAP NAP
36 Loan   2 Walgreens FL & IL Portfolio            
36.01 Property   1 Walgreens - West Palm, FL 6/30/2029 NAP NAP NAP NAP NAP
36.02 Property   1 Walgreens - Carol Steam, IL 1/31/2034 NAP NAP NAP NAP NAP
37 Loan   1 Madison Park 3/31/2024 European Motorwerks LLC (Sterling Autosports) 6,000 15.0% 4/30/2023 Affordable Import Auto Sales, Inc. (Christopher Salem)
38 Loan   1 Walgreens Ocala 8/31/2033 NAP NAP NAP NAP NAP

A-1-10 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date
              21        
1 Loan 2, 26, 27, 30 1 One Memorial Drive NAP NAP NAP NAP NAP NAP NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street NAP NAP NAP NAP NAP NAP NAP
3 Loan   1 Townhouse on the Park NAP NAP NAP NAP NAP NAP NAP
4 Loan 2, 26 1 The Veranda 34,183 9.4% 2/28/2033 365 By Whole Foods Market 30,000 8.2% 12/31/2037
5 Loan 2 2 1100 & 820 First Street NE              
5.01 Property   1 1100 First Street NE 30,193 8.7% 1/20/2025 Union Privilege 14,008 4.0% 9/30/2023
5.02 Property   1 820 First Street NE 22,195 7.3% 3/10/2026 National Disability Rights Network 13,164 4.3% 11/30/2031
6 Loan 2 1 520 Almanor NAP NAP NAP NAP NAP NAP NAP
7 Loan   1 Valley Plaza 32,214 20.7% 1/31/2030 NAP NAP NAP NAP
8 Loan 14 1 Amazon Hunts Point NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 Brush Factory Lofts NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Norcross Industrial Portfolio 34,587 4.9% 4/30/2026 Keyston Bros 31,631 4.5% 5/31/2023
11 Loan 28 1 Wilmot Plaza 25,193 18.1% 4/30/2026 New Cingular Wireless 5,064 3.6% 11/30/2025
12 Loan 2 1 Audubon Crossings & Commons 25,014 5.3% 1/31/2028 Pep Boys 22,354 4.8% 12/31/2024
13 Loan 19, 30 1 Grand Rapids Commerce Center 114,000 5.9% 12/31/2026 Crystal Clean Automotive Detailing 98,640 5.1% 4/30/2022
14 Loan   3 WoodSpring Suites Portfolio              
14.01 Property   1 WoodSpring Suites Bakersfield NAP NAP NAP NAP NAP NAP NAP
14.02 Property   1 WoodSpring Suites Arnold NAP NAP NAP NAP NAP NAP NAP
14.03 Property   1 WoodSpring Suites St. Charles NAP NAP NAP NAP NAP NAP NAP
15 Loan 2, 26 1 Plaza La Cienega 27,003 8.8% 1/31/2030 Smart & Final Stores LLC 24,000 7.8% 10/31/2036
16 Loan 2 1 La Encantada 12,916 5.3% 1/31/2026 West Elm 11,029 4.5% 1/31/2031
17 Loan   1 The Wolf Building NAP NAP NAP NAP NAP NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center 11,200 6.5% 4/30/2030 Concord Pet 8,000 4.6% 7/31/2030
19 Loan 26 1 Eltingville Shopping Center 6,800 7.0% 9/30/2023 Sofia’s Taqueria South LLC 4,800 5.0% 2/28/2031
20 Loan   1 Mansfield Commons 21,674 8.0% 9/30/2025 Harbor Freight Tools 15,000 5.5% 6/30/2028
21 Loan   1 Peachtree Corners I & II 21,592 13.2% 1/31/2024 Vital Solutions, Inc. 12,331 7.6% 4/30/2025
22 Loan   1 144 Bleecker Street NAP NAP NAP NAP NAP NAP NAP
23 Loan 29 1 31 Bond Street 2,984 16.8% 7/31/2025 Little Spoon, Inc. 2,966 16.7% 7/31/2025
24 Loan   1 Corinth Distribution Center 60,000 20.4% 2/28/2025 NAP NAP NAP NAP
25 Loan   1 Village at Double Diamond 3,465 6.0% 9/30/2026 Optic Gallery South Meadows 3,348 5.8% 7/31/2029
26 Loan 28 1 450 Post Road East NAP NAP NAP NAP NAP NAP NAP
27 Loan   6 Hirschfield NNN Portfolio              
27.01 Property   1 729 East Spaulding Avenue NAP NAP NAP NAP NAP NAP NAP
27.02 Property   1 5402 West Market Street NAP NAP NAP NAP NAP NAP NAP
27.03 Property   1 17061 North Avenue of the Arts NAP NAP NAP NAP NAP NAP NAP
27.04 Property   1 6320 Wedgewood Road North NAP NAP NAP NAP NAP NAP NAP
27.05 Property   1 1112 Centre West Drive NAP NAP NAP NAP NAP NAP NAP
27.06 Property   1 7415 Brandt Pike NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 536 West 29th Street NAP NAP NAP NAP NAP NAP NAP
29 Loan 30 1 CVS Wrigleyville NAP NAP NAP NAP NAP NAP NAP
30 Loan   3 Omega Mixed Use Portfolio              
30.01 Property   1 Windows, LLC NAP NAP NAP NAP NAP NAP NAP
30.02 Property   1 Aultman Medical NAP NAP NAP NAP NAP NAP NAP
30.03 Property   1 FedEx Express NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Newberry Crossing 7,210 6.3% 3/31/2022 Electronics World 5,080 4.4% 2/28/2022
32 Loan   2 Forrestal & Cicero Portfolio              
32.01 Property   1 Forrestal Industrial Park 5,250 10.0% 2/28/2029 Bio Green USA 3,500 6.7% 1/31/2022
32.02 Property   1 3312-3314 S. Cicero Avenue 1,644 19.5% 6/30/2031 Jimmy John’s 1,281 15.2% 1/1/2026
33 Loan   1 1523 Voorhies Avenue 3,456 20.3% 8/31/2034 Mount Sinai Hospital 3,456 20.3% 9/30/2022
34 Loan   1 Hampton Inn Gretna NAP NAP NAP NAP NAP NAP NAP
35 Loan   1 Walgreens Fort Smith NAP NAP NAP NAP NAP NAP NAP
36 Loan   2 Walgreens FL & IL Portfolio              
36.01 Property   1 Walgreens - West Palm, FL NAP NAP NAP NAP NAP NAP NAP
36.02 Property   1 Walgreens - Carol Steam, IL NAP NAP NAP NAP NAP NAP NAP
37 Loan   1 Madison Park 5,730 14.3% 2/29/2024 1st Choice Autoworks (Couch and Thongpool) 3,101 7.8% 1/31/2023
38 Loan   1 Walgreens Ocala NAP NAP NAP NAP NAP NAP NAP

A-1-11 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone
          21     21            
1 Loan 2, 26, 27, 30 1 One Memorial Drive NAP NAP NAP NAP 7/23/2021 NAP 9/17/2021 NAP NAP No
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street NAP NAP NAP NAP 9/23/2021 NAP 10/12/2021 NAP NAP No
3 Loan   1 Townhouse on the Park NAP NAP NAP NAP 7/22/2021 NAP 7/22/2021 NAP NAP No
4 Loan 2, 26 1 The Veranda T.J. Maxx 23,089 6.3% 10/31/2027 8/19/2021 NAP 8/17/2021 8/18/2021 13% No
5 Loan 2 2 1100 & 820 First Street NE                    
5.01 Property   1 1100 First Street NE Ayers/Saint/Gross, Incorporated 8,344 2.4% 9/30/2030 8/19/2021 NAP 8/19/2021 NAP NAP No
5.02 Property   1 820 First Street NE Lockheed Martin Corporation 7,341 2.4% 11/30/2022 8/19/2021 NAP 8/19/2021 NAP NAP No
6 Loan 2 1 520 Almanor NAP NAP NAP NAP 6/15/2021 NAP 6/15/2021 6/15/2021 10% No
7 Loan   1 Valley Plaza NAP NAP NAP NAP 8/24/2021 NAP 9/1/2021 9/1/2021 19% No
8 Loan 14 1 Amazon Hunts Point NAP NAP NAP NAP 6/24/2021 NAP 6/24/2021 NAP NAP No
9 Loan   1 Brush Factory Lofts NAP NAP NAP NAP 9/16/2021 NAP 9/17/2021 NAP NAP No
10 Loan   1 Norcross Industrial Portfolio Akzo Nobel 21,917 3.1% 3/31/2024 10/1/2021 NAP 10/1/2021 NAP NAP No
11 Loan 28 1 Wilmot Plaza Carbon Health 4,434 3.2% 4/30/2027 8/5/2021 NAP 8/5/2021 NAP NAP No
12 Loan 2 1 Audubon Crossings & Commons Marshalls 21,000 4.5% 9/30/2027 7/7/2021 NAP 7/22/2021 NAP NAP No
13 Loan 19, 30 1 Grand Rapids Commerce Center Rhino Seed & Landscape 97,400 5.0% 3/31/2022 9/17/2021 NAP 9/13/2021 NAP NAP No
14 Loan   3 WoodSpring Suites Portfolio                    
14.01 Property   1 WoodSpring Suites Bakersfield NAP NAP NAP NAP 8/6/2021 NAP 8/5/2021 8/5/2021 7% No
14.02 Property   1 WoodSpring Suites Arnold NAP NAP NAP NAP 9/7/2021 NAP 9/7/2021 NAP NAP No
14.03 Property   1 WoodSpring Suites St. Charles NAP NAP NAP NAP 9/7/2021 NAP 9/7/2021 NAP NAP No
15 Loan 2, 26 1 Plaza La Cienega CVS 14,200 4.6% 11/30/2061 6/24/2021 NAP 6/24/2021 6/24/2021 12% No
16 Loan 2 1 La Encantada Anthropologie 10,430 4.2% 1/31/2031 6/4/2021 NAP 7/13/2021 NAP NAP No
17 Loan   1 The Wolf Building NAP NAP NAP NAP 8/24/2021 NAP 8/26/2021 NAP NAP No
18 Loan 14 1 Middletown Crossing Shopping Center Simon Eye Associates 6,000 3.5% 1/31/2030 8/18/2021 NAP 8/17/2021 NAP NAP No
19 Loan 26 1 Eltingville Shopping Center True North Urgent Care LLC 4,579 4.7% 4/30/2025 8/11/2021 NAP 8/11/2021 NAP NAP No
20 Loan   1 Mansfield Commons The Mane Loft LLC 4,000 1.5% 10/31/2036 9/14/2021 NAP 9/14/2021 NAP NAP No
21 Loan   1 Peachtree Corners I & II Broniec Associates, Inc. 11,534 7.1% 5/31/2026 5/12/2021 NAP 5/24/2021 NAP NAP No
22 Loan   1 144 Bleecker Street NAP NAP NAP NAP 6/30/2021 NAP 6/29/2021 NAP NAP No
23 Loan 29 1 31 Bond Street Kith Stock, LLC 2,897 16.3% 11/30/2023 9/14/2021 NAP 8/23/2021 NAP NAP No
24 Loan   1 Corinth Distribution Center NAP NAP NAP NAP 8/19/2021 NAP 8/15/2021 NAP NAP No
25 Loan   1 Village at Double Diamond Peg’s Glorified Ham and Eggs 2,800 4.8% 4/30/2029 8/14/2021 NAP 8/16/2021 9/17/2021 9% No
26 Loan 28 1 450 Post Road East NAP NAP NAP NAP 8/19/2021 NAP 8/19/2021 NAP NAP No
27 Loan   6 Hirschfield NNN Portfolio                    
27.01 Property   1 729 East Spaulding Avenue NAP NAP NAP NAP 5/4/2021 NAP 5/4/2021 NAP NAP No
27.02 Property   1 5402 West Market Street NAP NAP NAP NAP 5/4/2021 NAP 5/4/2021 NAP NAP No
27.03 Property   1 17061 North Avenue of the Arts NAP NAP NAP NAP 5/4/2021 NAP 5/4/2021 NAP NAP No
27.04 Property   1 6320 Wedgewood Road North NAP NAP NAP NAP 5/4/2021 NAP 5/4/2021 NAP NAP No
27.05 Property   1 1112 Centre West Drive NAP NAP NAP NAP 5/4/2021 NAP 5/4/2021 NAP NAP No
27.06 Property   1 7415 Brandt Pike NAP NAP NAP NAP 5/4/2021 NAP 5/4/2021 NAP NAP No
28 Loan   1 536 West 29th Street NAP NAP NAP NAP 8/24/2021 NAP 8/23/2021 NAP NAP No
29 Loan 30 1 CVS Wrigleyville NAP NAP NAP NAP 8/3/2021 NAP 7/30/2021 NAP NAP No
30 Loan   3 Omega Mixed Use Portfolio                    
30.01 Property   1 Windows, LLC NAP NAP NAP NAP 8/25/2021 NAP 8/25/2021 NAP NAP No
30.02 Property   1 Aultman Medical NAP NAP NAP NAP 8/25/2021 NAP 8/25/2021 NAP NAP No
30.03 Property   1 FedEx Express NAP NAP NAP NAP 8/26/2021 NAP 8/25/2021 NAP NAP No
31 Loan   1 Newberry Crossing Looking Good 3,150 2.7% 1/31/2022 8/2/2021 NAP 8/2/2021 NAP NAP No
32 Loan   2 Forrestal & Cicero Portfolio                    
32.01 Property   1 Forrestal Industrial Park Roeder Industries 3,500 6.7% 12/31/2022 8/25/2021 NAP 8/25/2021 NAP NAP No
32.02 Property   1 3312-3314 S. Cicero Avenue NAP NAP NAP NAP 8/23/2021 NAP 8/24/2021 NAP NAP No
33 Loan   1 1523 Voorhies Avenue NAP NAP NAP NAP 9/3/2021 NAP 9/7/2021 NAP NAP Yes - AE
34 Loan   1 Hampton Inn Gretna NAP NAP NAP NAP 8/27/2021 NAP 8/27/2021 NAP NAP No
35 Loan   1 Walgreens Fort Smith NAP NAP NAP NAP 8/8/2021 NAP 8/10/2021 NAP NAP Yes - AE
36 Loan   2 Walgreens FL & IL Portfolio                    
36.01 Property   1 Walgreens - West Palm, FL NAP NAP NAP NAP 8/11/2021 NAP 8/11/2021 NAP NAP No
36.02 Property   1 Walgreens - Carol Steam, IL NAP NAP NAP NAP 8/11/2021 NAP 8/12/2021 NAP NAP No
37 Loan   1 Madison Park Diversified Automotive (Kevin Vest) 2,880 7.2% 7/31/2022 9/1/2021 NAP 9/1/2021 8/31/2021 16% No
38 Loan   1 Walgreens Ocala NAP NAP NAP NAP 8/6/2021 NAP 8/9/2021 NAP NAP No

A-1-12 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Ownership Interest Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($) Upfront Replacement / PIP Reserve ($)
            18 18       25      
1 Loan 2, 26, 27, 30 1 One Memorial Drive Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
3 Loan   1 Townhouse on the Park Fee NAP NAP NAP NAP 101,486 50,743 0 9,702 0
4 Loan 2, 26 1 The Veranda Fee NAP NAP NAP NAP 0 Springing 0 Springing 0
5 Loan 2 2 1100 & 820 First Street NE           478,017 478,017 0 Springing 0
5.01 Property   1 1100 First Street NE Fee NAP NAP NAP NAP          
5.02 Property   1 820 First Street NE Fee NAP NAP NAP NAP          
6 Loan 2 1 520 Almanor Leasehold 6/30/2116 None 1,510,968 No 0 Springing 0 Springing 0
7 Loan   1 Valley Plaza Fee NAP NAP NAP NAP 75,487 75,487 3,850 57,352 0
8 Loan 14 1 Amazon Hunts Point Fee NAP NAP NAP NAP 89,569 17,914 7,448 1,241 0
9 Loan   1 Brush Factory Lofts Fee NAP NAP NAP NAP 30,972 3,441 45,634 4,149 0
10 Loan   1 Norcross Industrial Portfolio Fee NAP NAP NAP NAP 121,728 60,864 153,681 16,643 0
11 Loan 28 1 Wilmot Plaza Fee NAP NAP NAP NAP 25,963 25,963 5,054 5,054 1,744
12 Loan 2 1 Audubon Crossings & Commons Fee NAP NAP NAP NAP 75,408 37,703 0 Springing 0
13 Loan 19, 30 1 Grand Rapids Commerce Center Fee NAP NAP NAP NAP 171,815 24,285 0 Springing 0
14 Loan   3 WoodSpring Suites Portfolio           219,067 22,621 0 Springing 0
14.01 Property   1 WoodSpring Suites Bakersfield Fee NAP NAP NAP NAP          
14.02 Property   1 WoodSpring Suites Arnold Fee NAP NAP NAP NAP          
14.03 Property   1 WoodSpring Suites St. Charles Fee NAP NAP NAP NAP          
15 Loan 2, 26 1 Plaza La Cienega Fee / Leasehold 3/31/2041 1, 29-year extension option 12 No 469,292 52,144 0 Springing 0
16 Loan 2 1 La Encantada Fee NAP NAP NAP NAP 469,915 68,011 18,270 18,270 0
17 Loan   1 The Wolf Building Fee NAP NAP NAP NAP 144,190 18,024 102,238 8,520 0
18 Loan 14 1 Middletown Crossing Shopping Center Fee NAP NAP NAP NAP 0 17,079 31,168 31,168 2,162
19 Loan 26 1 Eltingville Shopping Center Fee NAP NAP NAP NAP 349,406 69,881 0 Springing 0
20 Loan   1 Mansfield Commons Fee NAP NAP NAP NAP 102,532 102,532 0 Springing 0
21 Loan   1 Peachtree Corners I & II Fee NAP NAP NAP NAP 0 11,247 0 Springing 195,877
22 Loan   1 144 Bleecker Street Fee NAP NAP NAP NAP 0 4,838 7,574 852 0
23 Loan 29 1 31 Bond Street Fee NAP NAP NAP NAP 106,368 17,728 12,955 1,439 0
24 Loan   1 Corinth Distribution Center Fee NAP NAP NAP NAP 203,008 18,455 0 Springing 0
25 Loan   1 Village at Double Diamond Fee NAP NAP NAP NAP 27,330 9,110 0 Springing 0
26 Loan 28 1 450 Post Road East Fee NAP NAP NAP NAP 20,863 10,432 0 Springing 0
27 Loan   6 Hirschfield NNN Portfolio           0 Springing 0 Springing 511
27.01 Property   1 729 East Spaulding Avenue Fee NAP NAP NAP NAP          
27.02 Property   1 5402 West Market Street Fee NAP NAP NAP NAP          
27.03 Property   1 17061 North Avenue of the Arts Fee NAP NAP NAP NAP          
27.04 Property   1 6320 Wedgewood Road North Fee NAP NAP NAP NAP          
27.05 Property   1 1112 Centre West Drive Fee NAP NAP NAP NAP          
27.06 Property   1 7415 Brandt Pike Fee NAP NAP NAP NAP          
28 Loan   1 536 West 29th Street Fee NAP NAP NAP NAP 15,514 5,171 7,654 3,827 107
29 Loan 30 1 CVS Wrigleyville Fee NAP NAP NAP NAP 0 0 0 Springing 0
30 Loan   3 Omega Mixed Use Portfolio           13,563 2,713 4,452 556 0
30.01 Property   1 Windows, LLC Fee NAP NAP NAP NAP          
30.02 Property   1 Aultman Medical Fee NAP NAP NAP NAP          
30.03 Property   1 FedEx Express Fee NAP NAP NAP NAP          
31 Loan   1 Newberry Crossing Fee NAP NAP NAP NAP 190,098 15,841 8,779 4,389 0
32 Loan   2 Forrestal & Cicero Portfolio           51,681 7,383 6,522 3,261 190,550
32.01 Property   1 Forrestal Industrial Park Fee NAP NAP NAP NAP          
32.02 Property   1 3312-3314 S. Cicero Avenue Fee NAP NAP NAP NAP          
33 Loan   1 1523 Voorhies Avenue Fee NAP NAP NAP NAP 4,611 922 0 Springing 0
34 Loan   1 Hampton Inn Gretna Fee NAP NAP NAP NAP 24,259 4,852 3,372 1,686 0
35 Loan   1 Walgreens Fort Smith Fee NAP NAP NAP NAP 0 Springing 981 490 0
36 Loan   2 Walgreens FL & IL Portfolio           0 Springing 0 Springing 152,830
36.01 Property   1 Walgreens - West Palm, FL Fee NAP NAP NAP NAP          
36.02 Property   1 Walgreens - Carol Steam, IL Fee NAP NAP NAP NAP          
37 Loan   1 Madison Park Fee NAP NAP NAP NAP 38,887 4,861 399 399 108,625
38 Loan   1 Walgreens Ocala Fee NAP NAP NAP NAP 0 Springing 0 Springing 0

A-1-13 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($)
          24, 25 24, 25   25 25           25
1 Loan 2, 26, 27, 30 1 One Memorial Drive Springing 204,710 0 Springing 1,228,257 0 0 0 0 0 0
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 0 0 52,062,079 Springing 0 0 0 0 0 97,383,122 0
3 Loan   1 Townhouse on the Park 0 0 0 0 0 0 0 0 0 0 0
4 Loan 2, 26 1 The Veranda 0 0 0 Springing 1,096,677 0 0 0 0 979,702 0
5 Loan 2 2 1100 & 820 First Street NE 10,918 131,014 0 81,884 2,947,820 0 0 0 0 12,101,008 0
5.01 Property   1 1100 First Street NE                      
5.02 Property   1 820 First Street NE                      
6 Loan 2 1 520 Almanor Springing 0 0 Springing 0 600,000 0 0 0 0 Springing
7 Loan   1 Valley Plaza 2,588 93,183 0 0 0 0 0 0 0 2,754,700 0
8 Loan 14 1 Amazon Hunts Point 0 0 0 0 0 0 0 0 0 0 0
9 Loan   1 Brush Factory Lofts 2,831 0 0 0 0 0 0 0 0 0 0
10 Loan   1 Norcross Industrial Portfolio 11,770 0 2,000,000 Springing 250,000 0 0 0 0 0 0
11 Loan 28 1 Wilmot Plaza 1,744 0 23,247 23,247 0 0 0 0 0 198,386 0
12 Loan 2 1 Audubon Crossings & Commons 5,855 210,000 0 31,228 1,112,000 0 0 0 0 1,550,426 20,833
13 Loan 19, 30 1 Grand Rapids Commerce Center 24,273 582,558 0 32,364 1,165,115 0 0 0 0 2,089,418 0
14 Loan   3 WoodSpring Suites Portfolio 20,686 0 0 0 0 0 0 0 0 50,400 0
14.01 Property   1 WoodSpring Suites Bakersfield                      
14.02 Property   1 WoodSpring Suites Arnold                      
14.03 Property   1 WoodSpring Suites St. Charles                      
15 Loan 2, 26 1 Plaza La Cienega 8,412 0 0 Springing 305,229 0 0 0 0 364,582 0
16 Loan 2 1 La Encantada 4,099 0 4,750,000 Springing 2,000,000 0 0 0 625,845 729,544 0
17 Loan   1 The Wolf Building 2,671 64,109 0 10,972 263,316 0 0 0 0 350,000 0
18 Loan 14 1 Middletown Crossing Shopping Center 2,162 0 14,411 14,411 691,748 0 0 0 0 2,519,550 0
19 Loan 26 1 Eltingville Shopping Center 4,242 0 1,000,000 Springing 350,000 0 0 0 62,188 67,500 0
20 Loan   1 Mansfield Commons 7,708 277,487 0 8,388 500,000 0 0 0 0 271,525 0
21 Loan   1 Peachtree Corners I & II 2,040 0 1,250,000 Springing 600,000 0 0 0 62,950 3,147,194 0
22 Loan   1 144 Bleecker Street Springing 13,900 0 0 0 0 0 0 3,410 500,000 0
23 Loan 29 1 31 Bond Street 297 0 0 3,000 0 0 0 0 0 0 0
24 Loan   1 Corinth Distribution Center 2,450 0 0 3,675 0 0 0 0 45,375 0 0
25 Loan   1 Village at Double Diamond 966 23,193 30,600 7,248 173,949 0 0 0 0 0 0
26 Loan 28 1 450 Post Road East 596 0 0 52,628 947,310 0 0 0 0 1,000,000 0
27 Loan   6 Hirschfield NNN Portfolio 511 18,410 3,409 3,409 204,555 0 0 0 0 25,585 0
27.01 Property   1 729 East Spaulding Avenue                      
27.02 Property   1 5402 West Market Street                      
27.03 Property   1 17061 North Avenue of the Arts                      
27.04 Property   1 6320 Wedgewood Road North                      
27.05 Property   1 1112 Centre West Drive                      
27.06 Property   1 7415 Brandt Pike                      
28 Loan   1 536 West 29th Street 107 0 533 533 19,188 0 0 0 8,625 500,000 0
29 Loan 30 1 CVS Wrigleyville Springing 0 0 Springing 0 0 0 0 0 0 0
30 Loan   3 Omega Mixed Use Portfolio 3,427 0 0 1,869 0 0 0 0 16,063 0 0
30.01 Property   1 Windows, LLC                      
30.02 Property   1 Aultman Medical                      
30.03 Property   1 FedEx Express                      
31 Loan   1 Newberry Crossing 1,912 0 0 9,558 500,000 0 0 0 0 123,000 0
32 Loan   2 Forrestal & Cicero Portfolio 543 0 156,327 3,809 0 0 0 0 0 188,762 0
32.01 Property   1 Forrestal Industrial Park                      
32.02 Property   1 3312-3314 S. Cicero Avenue                      
33 Loan   1 1523 Voorhies Avenue 502 0 0 2,058 123,455 0 0 0 2,500 0 0
34 Loan   1 Hampton Inn Gretna 4% of Gross Revenue 0 0 0 0 300,587 0 0 0 0 0
35 Loan   1 Walgreens Fort Smith Springing 0 0 0 0 0 0 0 0 0 0
36 Loan   2 Walgreens FL & IL Portfolio 363 0 0 Springing 0 0 0 0 108,944 0 0
36.01 Property   1 Walgreens - West Palm, FL                      
36.02 Property   1 Walgreens - Carol Steam, IL                      
37 Loan   1 Madison Park 333 0 125,000 Springing 125,000 0 0 0 0 0 0
38 Loan   1 Walgreens Ocala Springing 0 0 0 0 0 0 0 0 0 0

A-1-14 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Other Reserve Description
           
1 Loan 2, 26, 27, 30 1 One Memorial Drive NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street Base Building Work Reserve (Upfront: 86,650,891), Aventis Rent Reserve (Upfront: 10,732,230.67)
3 Loan   1 Townhouse on the Park NAP
4 Loan 2, 26 1 The Veranda Outstanding TI Reserve
5 Loan 2 2 1100 & 820 First Street NE Unfunded Obligations Reserve
5.01 Property   1 1100 First Street NE  
5.02 Property   1 820 First Street NE  
6 Loan 2 1 520 Almanor Ground Rent Reserve (Monthly: Springing)
7 Loan   1 Valley Plaza Unfunded Obligations Reserve
8 Loan 14 1 Amazon Hunts Point NAP
9 Loan   1 Brush Factory Lofts NAP
10 Loan   1 Norcross Industrial Portfolio NAP
11 Loan 28 1 Wilmot Plaza Dick’s Reserve Fund (Upfront: $174,386), Free Rent Reserve (Upfront: $24,000)
12 Loan 2 1 Audubon Crossings & Commons Unfunded Obligations Reserve (Upfront: $1,046,674.18), Rollover Reserve (Upfront: $500,000; Monthly: $20,833.33; Cap: $1,000,000), Ground Rent Reserve (Upfront: $3,751.67; Monthly: Springing)
13 Loan 19, 30 1 Grand Rapids Commerce Center Roof Replacement Reserve (Upfront: $1,815,000); Leveler Installation Reserve (Upfront: $227,700); Vapor Intrusion Mitigation System Work Reserve (Upfront: $46,717.95)
14 Loan   3 WoodSpring Suites Portfolio PIP Reserve
14.01 Property   1 WoodSpring Suites Bakersfield  
14.02 Property   1 WoodSpring Suites Arnold  
14.03 Property   1 WoodSpring Suites St. Charles  
15 Loan 2, 26 1 Plaza La Cienega Unfunded Obligations Reserve (Upfront: $333,450), Gap Rent Reserve (Upfront: $31,132)
16 Loan 2 1 La Encantada Unfunded Obligations Reserve
17 Loan   1 The Wolf Building Renovation Work Reserve
18 Loan 14 1 Middletown Crossing Shopping Center ACME Reserve (Upfront: $2,500,000), Outstanding TI/LC Reserve (Upfront: $19,550.28)
19 Loan 26 1 Eltingville Shopping Center Certificate of Occupancy Reserve (Upfront: $37,500), Gap Rent Reserve (Upfront: $30,000),
20 Loan   1 Mansfield Commons Free Rent Reserve (Upfront: $171,525), Unfunded Obligations Reserve (Upfront: $100,000)
21 Loan   1 Peachtree Corners I & II Free Rent Reserve (Upfront: $717,668.70), Outstanding TI Reserve (Upfront: $2,429,525.26)
22 Loan   1 144 Bleecker Street 421a Property Tax Abatement Reserve
23 Loan 29 1 31 Bond Street NAP
24 Loan   1 Corinth Distribution Center NAP
25 Loan   1 Village at Double Diamond NAP
26 Loan 28 1 450 Post Road East Free Rent Reserve
27 Loan   6 Hirschfield NNN Portfolio Free Rent Reserve (Upfront: $18,585), Outstanding TI Reserve (Upfront: $7,000)
27.01 Property   1 729 East Spaulding Avenue  
27.02 Property   1 5402 West Market Street  
27.03 Property   1 17061 North Avenue of the Arts  
27.04 Property   1 6320 Wedgewood Road North  
27.05 Property   1 1112 Centre West Drive  
27.06 Property   1 7415 Brandt Pike  
28 Loan   1 536 West 29th Street Outstanding CapEx Reserve
29 Loan 30 1 CVS Wrigleyville NAP
30 Loan   3 Omega Mixed Use Portfolio NAP
30.01 Property   1 Windows, LLC  
30.02 Property   1 Aultman Medical  
30.03 Property   1 FedEx Express  
31 Loan   1 Newberry Crossing TJ Max HVAC Rollover Reserve (Upfront: $120,000); Makeup by Minoo Rollover Reserve (Upfront: $3,000)
32 Loan   2 Forrestal & Cicero Portfolio Unfunded Obligations Reserve (Upfront: $182,492.18), Free Rent Reserve (Upfront: $6,270)
32.01 Property   1 Forrestal Industrial Park  
32.02 Property   1 3312-3314 S. Cicero Avenue  
33 Loan   1 1523 Voorhies Avenue NAP
34 Loan   1 Hampton Inn Gretna NAP
35 Loan   1 Walgreens Fort Smith NAP
36 Loan   2 Walgreens FL & IL Portfolio NAP
36.01 Property   1 Walgreens - West Palm, FL  
36.02 Property   1 Walgreens - Carol Steam, IL  
37 Loan   1 Madison Park NAP
38 Loan   1 Walgreens Ocala NAP

A-1-15 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Other Reserve Cap ($) Holdback/ Earnout Amount ($) Holdback/ Earnout Description Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) Tenant Specific Excess Cash Trap Trigger (Y/N) Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($)
          25     9 10          
1 Loan 2, 26, 27, 30 1 One Memorial Drive 0 0 NAP Hard Springing Yes Yes Yes No 95,000,000
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 0 0 NAP Hard Springing Yes Yes Yes No 94,000,000
3 Loan   1 Townhouse on the Park 0 0 NAP Springing Springing No No No NAP NAP
4 Loan 2, 26 1 The Veranda 0 0 NAP Hard Springing Yes Yes Yes Yes 70,000,000
5 Loan 2 2 1100 & 820 First Street NE 0 0 NAP Hard Springing Yes No Yes No 65,000,000
5.01 Property   1 1100 First Street NE                    
5.02 Property   1 820 First Street NE                    
6 Loan 2 1 520 Almanor 0 0 NAP Hard Springing Yes Yes Yes Yes 51,600,000
7 Loan   1 Valley Plaza 0 0 NAP Hard Springing Yes Yes No NAP NAP
8 Loan 14 1 Amazon Hunts Point 0 0 NAP Hard Springing No Yes No NAP NAP
9 Loan   1 Brush Factory Lofts 0 0 NAP Hard Springing Yes No No NAP NAP
10 Loan   1 Norcross Industrial Portfolio 0 0 NAP Springing Springing Yes No No NAP NAP
11 Loan 28 1 Wilmot Plaza 0 0 NAP Hard In Place Yes Yes No NAP NAP
12 Loan 2 1 Audubon Crossings & Commons 1,000,000 0 NAP Hard Springing Yes Yes Yes Yes 27,878,213
13 Loan 19, 30 1 Grand Rapids Commerce Center 0 0 NAP Springing Springing Yes Yes No NAP NAP
14 Loan   3 WoodSpring Suites Portfolio 0 0 NAP Springing Springing Yes No No NAP NAP
14.01 Property   1 WoodSpring Suites Bakersfield                    
14.02 Property   1 WoodSpring Suites Arnold                    
14.03 Property   1 WoodSpring Suites St. Charles                    
15 Loan 2, 26 1 Plaza La Cienega 0 0 NAP Hard Springing Yes No Yes No 20,000,000
16 Loan 2 1 La Encantada 0 0 NAP Hard In Place Yes No Yes No 20,000,000
17 Loan   1 The Wolf Building 0 0 NAP Springing Springing Yes Yes No NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center 0 0 NAP Hard Springing Yes Yes No NAP NAP
19 Loan 26 1 Eltingville Shopping Center 0 0 NAP Soft Springing Yes No No NAP NAP
20 Loan   1 Mansfield Commons 0 0 NAP Springing Springing Yes Yes No NAP NAP
21 Loan   1 Peachtree Corners I & II 0 0 NAP Hard Springing Yes Yes No NAP NAP
22 Loan   1 144 Bleecker Street 2,000,000 0 NAP Springing Springing Yes No No NAP NAP
23 Loan 29 1 31 Bond Street 0 0 NAP Hard Springing Yes Yes No NAP NAP
24 Loan   1 Corinth Distribution Center 0 0 NAP Hard Springing Yes Yes No NAP NAP
25 Loan   1 Village at Double Diamond 0 0 NAP Springing Springing Yes No No NAP NAP
26 Loan 28 1 450 Post Road East 0 0 NAP Hard Springing Yes Yes No NAP NAP
27 Loan   6 Hirschfield NNN Portfolio 0 0 NAP Hard Springing Yes No No NAP NAP
27.01 Property   1 729 East Spaulding Avenue                    
27.02 Property   1 5402 West Market Street                    
27.03 Property   1 17061 North Avenue of the Arts                    
27.04 Property   1 6320 Wedgewood Road North                    
27.05 Property   1 1112 Centre West Drive                    
27.06 Property   1 7415 Brandt Pike                    
28 Loan   1 536 West 29th Street 0 0 NAP Hard Springing No Yes No NAP NAP
29 Loan 30 1 CVS Wrigleyville 0 0 NAP Hard Springing Yes Yes No NAP NAP
30 Loan   3 Omega Mixed Use Portfolio 0 0 NAP Hard Springing Yes Yes No NAP NAP
30.01 Property   1 Windows, LLC                    
30.02 Property   1 Aultman Medical                    
30.03 Property   1 FedEx Express                    
31 Loan   1 Newberry Crossing 0 0 NAP Hard Springing Yes Yes No NAP NAP
32 Loan   2 Forrestal & Cicero Portfolio 0 0 NAP Hard Springing Yes Yes No NAP NAP
32.01 Property   1 Forrestal Industrial Park                    
32.02 Property   1 3312-3314 S. Cicero Avenue                    
33 Loan   1 1523 Voorhies Avenue 0 0 NAP Hard Springing Yes No No NAP NAP
34 Loan   1 Hampton Inn Gretna 0 0 NAP Springing Springing Yes No No NAP NAP
35 Loan   1 Walgreens Fort Smith 0 0 NAP Hard Springing Yes Yes No NAP NAP
36 Loan   2 Walgreens FL & IL Portfolio 0 0 NAP Hard Springing Yes Yes No NAP NAP
36.01 Property   1 Walgreens - West Palm, FL                    
36.02 Property   1 Walgreens - Carol Steam, IL                    
37 Loan   1 Madison Park 0 0 NAP Springing Springing Yes Yes No NAP NAP
38 Loan   1 Walgreens Ocala 0 0 NAP Hard Springing Yes Yes No NAP NAP

A-1-16 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%)
                         
1 Loan 2, 26, 27, 30 1 One Memorial Drive 204,300,000 464,764.77 680,881.52 114,700,000 2.69250% 414,000,000 941,814.06 50.0%
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 720,000,000 1,698,466.67 1,920,210.93 411,000,000 2.79200% 1,225,000,000 2,889,752.32 62.7%
3 Loan   1 Townhouse on the Park NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 2, 26 1 The Veranda 30,000,000 75,788.19 252,627.31 NAP NAP 100,000,000 252,627.31 50.7%
5 Loan 2 2 1100 & 820 First Street NE 146,000,000 370,377.84 535,272.08 NAP NAP 211,000,000 535,272.08 63.6%
5.01 Property   1 1100 First Street NE                
5.02 Property   1 820 First Street NE                
6 Loan 2 1 520 Almanor 50,000,000 107,936.92 219,327.82 NAP NAP 101,600,000 219,327.82 40.0%
7 Loan   1 Valley Plaza NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 14 1 Amazon Hunts Point NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 Brush Factory Lofts NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Norcross Industrial Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 28 1 Wilmot Plaza NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 2 1 Audubon Crossings & Commons 18,917,359 87,668.84 216,865.02 NAP NAP 46,795,572 216,865.02 68.3%
13 Loan 19, 30 1 Grand Rapids Commerce Center NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   3 WoodSpring Suites Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
14.01 Property   1 WoodSpring Suites Bakersfield                
14.02 Property   1 WoodSpring Suites Arnold                
14.03 Property   1 WoodSpring Suites St. Charles                
15 Loan 2, 26 1 Plaza La Cienega 70,000,000 206,410.88 265,385.42 NAP NAP 90,000,000 265,385.42 54.9%
16 Loan 2 1 La Encantada 82,000,000 232,858.17 289,652.85 NAP NAP 102,000,000 289,652.85 58.7%
17 Loan   1 The Wolf Building NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 26 1 Eltingville Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 Mansfield Commons NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Peachtree Corners I & II NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 144 Bleecker Street NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 29 1 31 Bond Street NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   1 Corinth Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Village at Double Diamond NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 28 1 450 Post Road East NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   6 Hirschfield NNN Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
27.01 Property   1 729 East Spaulding Avenue                
27.02 Property   1 5402 West Market Street                
27.03 Property   1 17061 North Avenue of the Arts                
27.04 Property   1 6320 Wedgewood Road North                
27.05 Property   1 1112 Centre West Drive                
27.06 Property   1 7415 Brandt Pike                
28 Loan   1 536 West 29th Street NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 30 1 CVS Wrigleyville NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan   3 Omega Mixed Use Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
30.01 Property   1 Windows, LLC                
30.02 Property   1 Aultman Medical                
30.03 Property   1 FedEx Express                
31 Loan   1 Newberry Crossing NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   2 Forrestal & Cicero Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
32.01 Property   1 Forrestal Industrial Park                
32.02 Property   1 3312-3314 S. Cicero Avenue                
33 Loan   1 1523 Voorhies Avenue NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Hampton Inn Gretna NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan   1 Walgreens Fort Smith NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   2 Walgreens FL & IL Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
36.01 Property   1 Walgreens - West Palm, FL                
36.02 Property   1 Walgreens - Carol Steam, IL                
37 Loan   1 Madison Park NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan   1 Walgreens Ocala NAP NAP NAP NAP NAP NAP NAP NAP

A-1-17 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x)
                         
1 Loan 2, 26, 27, 30 1 One Memorial Drive 2.63 7.4% NAP NAP NAP NAP NAP NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 2.32 6.6% NAP NAP NAP NAP NAP NAP
3 Loan   1 Townhouse on the Park NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 2, 26 1 The Veranda 3.41 10.6% NAP NAP NAP NAP NAP NAP
5 Loan 2 2 1100 & 820 First Street NE 2.87 9.4% NAP NAP NAP NAP NAP NAP
5.01 Property   1 1100 First Street NE                
5.02 Property   1 820 First Street NE                
6 Loan 2 1 520 Almanor 5.00 13.0% NAP NAP NAP NAP NAP NAP
7 Loan   1 Valley Plaza NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 14 1 Amazon Hunts Point NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 Brush Factory Lofts NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Norcross Industrial Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 28 1 Wilmot Plaza NAP NAP 4,000,000 11.50000% 34,000,000 180,486.54 73.9% 1.39
12 Loan 2 1 Audubon Crossings & Commons 1.42 8.6% NAP NAP NAP NAP NAP NAP
13 Loan 19, 30 1 Grand Rapids Commerce Center NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   3 WoodSpring Suites Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
14.01 Property   1 WoodSpring Suites Bakersfield                
14.02 Property   1 WoodSpring Suites Arnold                
14.03 Property   1 WoodSpring Suites St. Charles                
15 Loan 2, 26 1 Plaza La Cienega 2.37 8.9% NAP NAP NAP NAP NAP NAP
16 Loan 2 1 La Encantada 2.70 9.3% NAP NAP NAP NAP NAP NAP
17 Loan   1 The Wolf Building NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 26 1 Eltingville Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 Mansfield Commons NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Peachtree Corners I & II NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 144 Bleecker Street NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 29 1 31 Bond Street NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   1 Corinth Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Village at Double Diamond NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 28 1 450 Post Road East NAP NAP 2,000,000 6.00000% 11,555,000 42,027.60 74.1% 1.61
27 Loan   6 Hirschfield NNN Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
27.01 Property   1 729 East Spaulding Avenue                
27.02 Property   1 5402 West Market Street                
27.03 Property   1 17061 North Avenue of the Arts                
27.04 Property   1 6320 Wedgewood Road North                
27.05 Property   1 1112 Centre West Drive                
27.06 Property   1 7415 Brandt Pike                
28 Loan   1 536 West 29th Street NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 30 1 CVS Wrigleyville NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan   3 Omega Mixed Use Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
30.01 Property   1 Windows, LLC                
30.02 Property   1 Aultman Medical                
30.03 Property   1 FedEx Express                
31 Loan   1 Newberry Crossing NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   2 Forrestal & Cicero Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
32.01 Property   1 Forrestal Industrial Park                
32.02 Property   1 3312-3314 S. Cicero Avenue                
33 Loan   1 1523 Voorhies Avenue NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Hampton Inn Gretna NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan   1 Walgreens Fort Smith NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   2 Walgreens FL & IL Portfolio NAP NAP NAP NAP NAP NAP NAP NAP
36.01 Property   1 Walgreens - West Palm, FL                
36.02 Property   1 Walgreens - Carol Steam, IL                
37 Loan   1 Madison Park NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan   1 Walgreens Ocala NAP NAP NAP NAP NAP NAP NAP NAP

A-1-18 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type
               
1 Loan 2, 26, 27, 30 1 One Memorial Drive NAP No NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street NAP No NAP
3 Loan   1 Townhouse on the Park NAP No NAP
4 Loan 2, 26 1 The Veranda NAP No NAP
5 Loan 2 2 1100 & 820 First Street NE NAP No NAP
5.01 Property   1 1100 First Street NE      
5.02 Property   1 820 First Street NE      
6 Loan 2 1 520 Almanor NAP No NAP
7 Loan   1 Valley Plaza NAP No NAP
8 Loan 14 1 Amazon Hunts Point NAP No NAP
9 Loan   1 Brush Factory Lofts NAP No NAP
10 Loan   1 Norcross Industrial Portfolio NAP No NAP
11 Loan 28 1 Wilmot Plaza 9.3% No NAP
12 Loan 2 1 Audubon Crossings & Commons NAP No NAP
13 Loan 19, 30 1 Grand Rapids Commerce Center NAP No NAP
14 Loan   3 WoodSpring Suites Portfolio NAP No NAP
14.01 Property   1 WoodSpring Suites Bakersfield      
14.02 Property   1 WoodSpring Suites Arnold      
14.03 Property   1 WoodSpring Suites St. Charles      
15 Loan 2, 26 1 Plaza La Cienega NAP No NAP
16 Loan 2 1 La Encantada NAP No NAP
17 Loan   1 The Wolf Building NAP No NAP
18 Loan 14 1 Middletown Crossing Shopping Center NAP No NAP
19 Loan 26 1 Eltingville Shopping Center NAP No NAP
20 Loan   1 Mansfield Commons NAP No NAP
21 Loan   1 Peachtree Corners I & II NAP No NAP
22 Loan   1 144 Bleecker Street NAP No NAP
23 Loan 29 1 31 Bond Street NAP Yes Subordinate Mezzanine (Max Combined LTV of 55.0%; Min Combined DY of 7.50%; Intercreditor Agreement is required)
24 Loan   1 Corinth Distribution Center NAP No NAP
25 Loan   1 Village at Double Diamond NAP No NAP
26 Loan 28 1 450 Post Road East 7.5% No NAP
27 Loan   6 Hirschfield NNN Portfolio NAP No NAP
27.01 Property   1 729 East Spaulding Avenue      
27.02 Property   1 5402 West Market Street      
27.03 Property   1 17061 North Avenue of the Arts      
27.04 Property   1 6320 Wedgewood Road North      
27.05 Property   1 1112 Centre West Drive      
27.06 Property   1 7415 Brandt Pike      
28 Loan   1 536 West 29th Street NAP No NAP
29 Loan 30 1 CVS Wrigleyville NAP No NAP
30 Loan   3 Omega Mixed Use Portfolio NAP No NAP
30.01 Property   1 Windows, LLC      
30.02 Property   1 Aultman Medical      
30.03 Property   1 FedEx Express      
31 Loan   1 Newberry Crossing NAP No NAP
32 Loan   2 Forrestal & Cicero Portfolio NAP No NAP
32.01 Property   1 Forrestal Industrial Park      
32.02 Property   1 3312-3314 S. Cicero Avenue      
33 Loan   1 1523 Voorhies Avenue NAP No NAP
34 Loan   1 Hampton Inn Gretna NAP No NAP
35 Loan   1 Walgreens Fort Smith NAP No NAP
36 Loan   2 Walgreens FL & IL Portfolio NAP No NAP
36.01 Property   1 Walgreens - West Palm, FL      
36.02 Property   1 Walgreens - Carol Steam, IL      
37 Loan   1 Madison Park NAP No NAP
38 Loan   1 Walgreens Ocala NAP No NAP

A-1-19 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Sponsor
          23
1 Loan 2, 26, 27, 30 1 One Memorial Drive MetLife, Inc. or Metropolitan Life Insurance Company and Norges Bank
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street DivcoWest; California State Teachers’ Retirement System; Teacher Retirement System of Texas
3 Loan   1 Townhouse on the Park GDC Properties
4 Loan 2, 26 1 The Veranda California State Teachers Retirement System; CenterCal, LLC
5 Loan 2 2 1100 & 820 First Street NE UNIZO Holdings, U.S., LLC
5.01 Property   1 1100 First Street NE  
5.02 Property   1 820 First Street NE  
6 Loan 2 1 520 Almanor TechCore, LLC
7 Loan   1 Valley Plaza Christopher Shane and Christopher Shane, as Trustee of The Christopher Donaldson Shane 2005 Living Trust as amended and restated May 28, 2009
8 Loan 14 1 Amazon Hunts Point Wildflower LTD III LLC
9 Loan   1 Brush Factory Lofts Anthony M. Rufo
10 Loan   1 Norcross Industrial Portfolio Daniel L. Rosenfield
11 Loan 28 1 Wilmot Plaza DSW Commercial Real Estate, LLC
12 Loan 2 1 Audubon Crossings & Commons Steven B. Wolfson and Milton S. Schneider
13 Loan 19, 30 1 Grand Rapids Commerce Center Kenneth Levy
14 Loan   3 WoodSpring Suites Portfolio Richard D. Squires
14.01 Property   1 WoodSpring Suites Bakersfield  
14.02 Property   1 WoodSpring Suites Arnold  
14.03 Property   1 WoodSpring Suites St. Charles  
15 Loan 2, 26 1 Plaza La Cienega Harbor Trading USA and Rubin Pachulski Properties 36, LLC
16 Loan 2 1 La Encantada Town West Realty, Inc., Iridius Capital LLC and HSL Properties, Inc.
17 Loan   1 The Wolf Building Gary Reisner
18 Loan 14 1 Middletown Crossing Shopping Center Six Plus Management Company, Inc.
19 Loan 26 1 Eltingville Shopping Center Joshua L. Muss
20 Loan   1 Mansfield Commons RCB Properties L.P.
21 Loan   1 Peachtree Corners I & II TCM Peachtree LLC, Somerset Real Estate Opportunity Fund II, L.P. and Benjamin M. Adams
22 Loan   1 144 Bleecker Street Abraham Grunhut and Simon Kaufman
23 Loan 29 1 31 Bond Street Arbor Trust, Eight Lights Investment Management Limited and Four Lights LLC
24 Loan   1 Corinth Distribution Center Olymbec USA LLC
25 Loan   1 Village at Double Diamond Alexander T. Zirpolo
26 Loan 28 1 450 Post Road East Waterway Family Funds LLC
27 Loan   6 Hirschfield NNN Portfolio ELH Mgmt. LLC
27.01 Property   1 729 East Spaulding Avenue  
27.02 Property   1 5402 West Market Street  
27.03 Property   1 17061 North Avenue of the Arts  
27.04 Property   1 6320 Wedgewood Road North  
27.05 Property   1 1112 Centre West Drive  
27.06 Property   1 7415 Brandt Pike  
28 Loan   1 536 West 29th Street Paul B. Prager and Nazar M. Khan
29 Loan 30 1 CVS Wrigleyville Falcon Real Estate Investment Management
30 Loan   3 Omega Mixed Use Portfolio Edward Natan and Asher Hyman
30.01 Property   1 Windows, LLC  
30.02 Property   1 Aultman Medical  
30.03 Property   1 FedEx Express  
31 Loan   1 Newberry Crossing Solomon Mizrahi and Ruth Mizrahi
32 Loan   2 Forrestal & Cicero Portfolio Bijan Elahi and Roy Ghazimorad
32.01 Property   1 Forrestal Industrial Park  
32.02 Property   1 3312-3314 S. Cicero Avenue  
33 Loan   1 1523 Voorhies Avenue Elliot Meisenberg
34 Loan   1 Hampton Inn Gretna Nirav Mehta
35 Loan   1 Walgreens Fort Smith Constance Cincotta
36 Loan   2 Walgreens FL & IL Portfolio Judit Serfecz
36.01 Property   1 Walgreens - West Palm, FL  
36.02 Property   1 Walgreens - Carol Steam, IL  
37 Loan   1 Madison Park Bradley A. Wayne
38 Loan   1 Walgreens Ocala John V. Soojian

A-1-20 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Non-Recourse Carveout Guarantor
           
1 Loan 2, 26, 27, 30 1 One Memorial Drive NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street NAP
3 Loan   1 Townhouse on the Park Samuel Ginsburg
4 Loan 2, 26 1 The Veranda NAP
5 Loan 2 2 1100 & 820 First Street NE UNIZO Holdings, U.S., LLC
5.01 Property   1 1100 First Street NE  
5.02 Property   1 820 First Street NE  
6 Loan 2 1 520 Almanor Techcore, LLC
7 Loan   1 Valley Plaza Christopher Shane and Christopher Shane, as Trustee of The Christopher Donaldson Shane 2005 Living Trust as amended and restated May 28, 2009
8 Loan 14 1 Amazon Hunts Point Matthew A. Dicker and Adam I Gordon
9 Loan   1 Brush Factory Lofts Anthony M. Rufo
10 Loan   1 Norcross Industrial Portfolio Daniel L. Rosenfield
11 Loan 28 1 Wilmot Plaza Iridius Capital LLC
12 Loan 2 1 Audubon Crossings & Commons Steven B. Wolfson and Milton S. Schneider
13 Loan 19, 30 1 Grand Rapids Commerce Center Kenneth Levy
14 Loan   3 WoodSpring Suites Portfolio Richard D. Squires
14.01 Property   1 WoodSpring Suites Bakersfield  
14.02 Property   1 WoodSpring Suites Arnold  
14.03 Property   1 WoodSpring Suites St. Charles  
15 Loan 2, 26 1 Plaza La Cienega Harbor Trading USA and Rubin Pachulski Properties 36, LLC
16 Loan 2 1 La Encantada Town West Realty, Inc., Iridius Capital LLC and HSL Properties, Inc.
17 Loan   1 The Wolf Building Gary Reisner
18 Loan 14 1 Middletown Crossing Shopping Center Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Eugene E. Weymouth; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Knox S. Weymouth; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Mccoy D. Weymouth; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Deo Du Pont Hobbs; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Margaret H. Swanson; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Andrew G.P. Hobbs Jr.; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO George W. Hobbs; Irrevocable Trust Agreement of George T. Weymouth & Deo Du Pont Weymouth Dated September 16, 1971 FBO Samuel S. Hobbs
19 Loan 26 1 Eltingville Shopping Center Joshua L. Muss
20 Loan   1 Mansfield Commons RCB Properties L.P.
21 Loan   1 Peachtree Corners I & II TCM Peachtree LLC, Somerset Real Estate Opportunity Fund II, L.P. and Benjamin M. Adams
22 Loan   1 144 Bleecker Street Abraham Grunhut and Simon Kaufman
23 Loan 29 1 31 Bond Street Arbor Trust, Eight Lights Investment Management Limited and Four Lights LLC
24 Loan   1 Corinth Distribution Center Olymbec USA LLC
25 Loan   1 Village at Double Diamond Alexander T. Zirpolo
26 Loan 28 1 450 Post Road East COF Real Estate Investments, LLC and Waterway Family Funds LLC
27 Loan   6 Hirschfield NNN Portfolio Larry E. Hirschfield
27.01 Property   1 729 East Spaulding Avenue  
27.02 Property   1 5402 West Market Street  
27.03 Property   1 17061 North Avenue of the Arts  
27.04 Property   1 6320 Wedgewood Road North  
27.05 Property   1 1112 Centre West Drive  
27.06 Property   1 7415 Brandt Pike  
28 Loan   1 536 West 29th Street Paul B. Prager and Nazar M. Khan
29 Loan 30 1 CVS Wrigleyville NAP
30 Loan   3 Omega Mixed Use Portfolio Edward Natan and Asher Hyman
30.01 Property   1 Windows, LLC  
30.02 Property   1 Aultman Medical  
30.03 Property   1 FedEx Express  
31 Loan   1 Newberry Crossing Solomon Mizrahi and Ruth Mizrahi
32 Loan   2 Forrestal & Cicero Portfolio Bijan Elahi and Roy Ghazimorad
32.01 Property   1 Forrestal Industrial Park  
32.02 Property   1 3312-3314 S. Cicero Avenue  
33 Loan   1 1523 Voorhies Avenue Elliot Meisenberg
34 Loan   1 Hampton Inn Gretna Nirav Mehta
35 Loan   1 Walgreens Fort Smith Constance Cincotta
36 Loan   2 Walgreens FL & IL Portfolio Judit Serfecz
36.01 Property   1 Walgreens - West Palm, FL  
36.02 Property   1 Walgreens - Carol Steam, IL  
37 Loan   1 Madison Park Bradley A. Wayne
38 Loan   1 Walgreens Ocala John V. Soojian

A-1-21 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Delaware Statutory Trust
(Y/N)		 Tenants-in-common
(Y/N)		 Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal’s New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($)
                35            
1 Loan 2, 26, 27, 30 1 One Memorial Drive No No Acquisition No 299,300,000 413,796,468 114,700,000 0 827,796,468 0
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street No No Refinance No 814,000,000 0 411,000,000 0 1,225,000,000 617,846,136
3 Loan   1 Townhouse on the Park No No Refinance No 77,900,000 0 0 0 77,900,000 76,448,510
4 Loan 2, 26 1 The Veranda No No Refinance No 100,000,000 0 0 0 100,000,000 90,496,593
5 Loan 2 2 1100 & 820 First Street NE No No Recapitalization   211,000,000 0 0 0 211,000,000 0
5.01 Property   1 1100 First Street NE       No            
5.02 Property   1 820 First Street NE       No            
6 Loan 2 1 520 Almanor No No Acquisition No 101,600,000 155,208,429 0 0 256,808,429 0
7 Loan   1 Valley Plaza No No Refinance Yes 38,900,000 196,192 0 0 39,096,192 36,115,382
8 Loan 14 1 Amazon Hunts Point No No Refinance Yes 34,700,000 0 0 0 34,700,000 32,036,415
9 Loan   1 Brush Factory Lofts No No Refinance No 33,000,000 0 0 0 33,000,000 30,164,045
10 Loan   1 Norcross Industrial Portfolio No No Refinance No 31,500,000 0 0 0 31,500,000 27,174,280
11 Loan 28 1 Wilmot Plaza No No Recapitalization No 30,000,000 4,679,245 4,000,000 0 38,679,245 27,804,790
12 Loan 2 1 Audubon Crossings & Commons No No Refinance No 47,000,000 1,028,175 0 0 48,028,175 46,251,631
13 Loan 19, 30 1 Grand Rapids Commerce Center No No Acquisition No 26,625,000 11,998,348 0 0 38,623,348 0
14 Loan   3 WoodSpring Suites Portfolio No No Refinance/Acquisition   20,500,000 0 0 0 20,500,000 5,932,639
14.01 Property   1 WoodSpring Suites Bakersfield       No            
14.02 Property   1 WoodSpring Suites Arnold       No            
14.03 Property   1 WoodSpring Suites St. Charles       No            
15 Loan 2, 26 1 Plaza La Cienega No No Refinance No 90,000,000 0 0 0 90,000,000 63,286,119
16 Loan 2 1 La Encantada No Yes Acquisition No            
17 Loan   1 The Wolf Building No No Refinance No            
18 Loan 14 1 Middletown Crossing Shopping Center No No Refinance No            
19 Loan 26 1 Eltingville Shopping Center No No Refinance No            
20 Loan   1 Mansfield Commons No No Refinance No            
21 Loan   1 Peachtree Corners I & II No No Acquisition No            
22 Loan   1 144 Bleecker Street No No Refinance Yes            
23 Loan 29 1 31 Bond Street No No Recapitalization No            
24 Loan   1 Corinth Distribution Center No No Acquisition Yes            
25 Loan   1 Village at Double Diamond No Yes Acquisition No            
26 Loan 28 1 450 Post Road East No No Acquisition No            
27 Loan   6 Hirschfield NNN Portfolio No Yes Refinance              
27.01 Property   1 729 East Spaulding Avenue       No            
27.02 Property   1 5402 West Market Street       No            
27.03 Property   1 17061 North Avenue of the Arts       No            
27.04 Property   1 6320 Wedgewood Road North       No            
27.05 Property   1 1112 Centre West Drive       No            
27.06 Property   1 7415 Brandt Pike       No            
28 Loan   1 536 West 29th Street No No Acquisition No            
29 Loan 30 1 CVS Wrigleyville No No Acquisition No            
30 Loan   3 Omega Mixed Use Portfolio No No Acquisition              
30.01 Property   1 Windows, LLC       No            
30.02 Property   1 Aultman Medical       No            
30.03 Property   1 FedEx Express       No            
31 Loan   1 Newberry Crossing No No Acquisition No            
32 Loan   2 Forrestal & Cicero Portfolio No No Acquisition              
32.01 Property   1 Forrestal Industrial Park       No            
32.02 Property   1 3312-3314 S. Cicero Avenue       No            
33 Loan   1 1523 Voorhies Avenue No No Refinance No            
34 Loan   1 Hampton Inn Gretna No No Refinance No            
35 Loan   1 Walgreens Fort Smith No No Acquisition No            
36 Loan   2 Walgreens FL & IL Portfolio No No Refinance              
36.01 Property   1 Walgreens - West Palm, FL       No            
36.02 Property   1 Walgreens - Carol Steam, IL       No            
37 Loan   1 Madison Park No No Refinance No            
38 Loan   1 Walgreens Ocala No No Acquisition No            

A-1-22 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%)
                             
1 Loan 2, 26, 27, 30 1 One Memorial Drive 825,100,000 2,696,468 0 0 0 827,796,468 NAP NAP NAP NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street 0 5,768,900 149,445,201 451,939,763 0 1,225,000,000 NAP NAP NAP NAP
3 Loan   1 Townhouse on the Park 0 776,115 101,486 573,889 0 77,900,000 NAP NAP NAP NAP
4 Loan 2, 26 1 The Veranda 0 683,632 979,702 7,840,074 0 100,000,000 NAP NAP NAP NAP
5 Loan 2 2 1100 & 820 First Street NE 0 7,201,821 12,579,025 191,219,155 0 211,000,000 NAP NAP NAP NAP
5.01 Property   1 1100 First Street NE             NAP NAP NAP NAP
5.02 Property   1 820 First Street NE             NAP NAP NAP NAP
6 Loan 2 1 520 Almanor 254,000,000 2,208,429 600,000 0 0 256,808,429 NAP NAP NAP NAP
7 Loan   1 Valley Plaza 0 146,774 2,834,037 0 0 39,096,192 NAP NAP NAP NAP
8 Loan 14 1 Amazon Hunts Point 0 1,078,937 97,017 1,487,632 0 34,700,000 NAP NAP NAP NAP
9 Loan   1 Brush Factory Lofts 0 857,057 76,606 1,902,292 0 33,000,000 NAP NAP NAP NAP
10 Loan   1 Norcross Industrial Portfolio 0 223,523 2,275,409 1,826,788 0 31,500,000 NAP NAP NAP NAP
11 Loan 28 1 Wilmot Plaza 10,113,400 506,663 254,393 0 0 38,679,245 NAP NAP NAP NAP
12 Loan 2 1 Audubon Crossings & Commons 0 150,710 1,625,834 0 0 48,028,175 NAP NAP NAP NAP
13 Loan 19, 30 1 Grand Rapids Commerce Center 35,750,000 612,115 2,261,233 0 0 38,623,348 NAP NAP NAP NAP
14 Loan   3 WoodSpring Suites Portfolio 13,750,000 177,559 269,467 370,334 0 20,500,000 Various 48.48 44.09 90.9%
14.01 Property   1 WoodSpring Suites Bakersfield             10/4/2041 65.22 57.20 87.7%
14.02 Property   1 WoodSpring Suites Arnold             7/30/2040 41.63 38.02 91.3%
14.03 Property   1 WoodSpring Suites St. Charles             7/30/2040 39.54 37.09 93.8%
15 Loan 2, 26 1 Plaza La Cienega 0 672,212 833,874 25,207,796 0 90,000,000 NAP NAP NAP NAP
16 Loan 2 1 La Encantada             NAP NAP NAP NAP
17 Loan   1 The Wolf Building             NAP NAP NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center             NAP NAP NAP NAP
19 Loan 26 1 Eltingville Shopping Center             NAP NAP NAP NAP
20 Loan   1 Mansfield Commons             NAP NAP NAP NAP
21 Loan   1 Peachtree Corners I & II             NAP NAP NAP NAP
22 Loan   1 144 Bleecker Street             NAP NAP NAP NAP
23 Loan 29 1 31 Bond Street             NAP NAP NAP NAP
24 Loan   1 Corinth Distribution Center             NAP NAP NAP NAP
25 Loan   1 Village at Double Diamond             NAP NAP NAP NAP
26 Loan 28 1 450 Post Road East             NAP NAP NAP NAP
27 Loan   6 Hirschfield NNN Portfolio             NAP NAP NAP NAP
27.01 Property   1 729 East Spaulding Avenue             NAP NAP NAP NAP
27.02 Property   1 5402 West Market Street             NAP NAP NAP NAP
27.03 Property   1 17061 North Avenue of the Arts             NAP NAP NAP NAP
27.04 Property   1 6320 Wedgewood Road North             NAP NAP NAP NAP
27.05 Property   1 1112 Centre West Drive             NAP NAP NAP NAP
27.06 Property   1 7415 Brandt Pike             NAP NAP NAP NAP
28 Loan   1 536 West 29th Street             NAP NAP NAP NAP
29 Loan 30 1 CVS Wrigleyville             NAP NAP NAP NAP
30 Loan   3 Omega Mixed Use Portfolio             NAP NAP NAP NAP
30.01 Property   1 Windows, LLC             NAP NAP NAP NAP
30.02 Property   1 Aultman Medical             NAP NAP NAP NAP
30.03 Property   1 FedEx Express             NAP NAP NAP NAP
31 Loan   1 Newberry Crossing             NAP NAP NAP NAP
32 Loan   2 Forrestal & Cicero Portfolio             NAP NAP NAP NAP
32.01 Property   1 Forrestal Industrial Park             NAP NAP NAP NAP
32.02 Property   1 3312-3314 S. Cicero Avenue             NAP NAP NAP NAP
33 Loan   1 1523 Voorhies Avenue             NAP NAP NAP NAP
34 Loan   1 Hampton Inn Gretna             6/30/2035 86.74 68.87 79.4%
35 Loan   1 Walgreens Fort Smith             NAP NAP NAP NAP
36 Loan   2 Walgreens FL & IL Portfolio             NAP NAP NAP NAP
36.01 Property   1 Walgreens - West Palm, FL             NAP NAP NAP NAP
36.02 Property   1 Walgreens - Carol Steam, IL             NAP NAP NAP NAP
37 Loan   1 Madison Park             NAP NAP NAP NAP
38 Loan   1 Walgreens Ocala             NAP NAP NAP NAP

A-1-23 

 

Benchmark 2021-B30
Annex A-1

 

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
                           
1 Loan 2, 26, 27, 30 1 One Memorial Drive NAP NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 2, 26, 27 1 CX - 350 & 450 Water Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan   1 Townhouse on the Park NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 2, 26 1 The Veranda NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 2 2 1100 & 820 First Street NE NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.01 Property   1 1100 First Street NE NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.02 Property   1 820 First Street NE NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 2 1 520 Almanor NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan   1 Valley Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 14 1 Amazon Hunts Point NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 Brush Factory Lofts NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 Norcross Industrial Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan 28 1 Wilmot Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 2 1 Audubon Crossings & Commons NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 19, 30 1 Grand Rapids Commerce Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   3 WoodSpring Suites Portfolio 48.48 44.09 90.9% 45.11 36.04 79.9% 44.66 34.36 76.9%
14.01 Property   1 WoodSpring Suites Bakersfield 65.22 57.20 87.7% 55.64 45.90 82.5% 53.32 44.09 82.7%
14.02 Property   1 WoodSpring Suites Arnold 41.63 38.02 91.3% 39.35 27.79 70.6% 40.74 29.43 72.2%
14.03 Property   1 WoodSpring Suites St. Charles 39.54 37.09 93.8% 39.58 34.19 86.4% 38.98 29.60 75.9%
15 Loan 2, 26 1 Plaza La Cienega NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 2 1 La Encantada NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan   1 The Wolf Building NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 14 1 Middletown Crossing Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 26 1 Eltingville Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 Mansfield Commons NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 Peachtree Corners I & II NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 144 Bleecker Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan 29 1 31 Bond Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   1 Corinth Distribution Center NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 Village at Double Diamond NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 28 1 450 Post Road East NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   6 Hirschfield NNN Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.01 Property   1 729 East Spaulding Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.02 Property   1 5402 West Market Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.03 Property   1 17061 North Avenue of the Arts NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.04 Property   1 6320 Wedgewood Road North NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.05 Property   1 1112 Centre West Drive NAP NAP NAP NAP NAP NAP NAP NAP NAP
27.06 Property   1 7415 Brandt Pike NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 536 West 29th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 30 1 CVS Wrigleyville NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan   3 Omega Mixed Use Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
30.01 Property   1 Windows, LLC NAP NAP NAP NAP NAP NAP NAP NAP NAP
30.02 Property   1 Aultman Medical NAP NAP NAP NAP NAP NAP NAP NAP NAP
30.03 Property   1 FedEx Express NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Newberry Crossing NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   2 Forrestal & Cicero Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
32.01 Property   1 Forrestal Industrial Park NAP NAP NAP NAP NAP NAP NAP NAP NAP
32.02 Property   1 3312-3314 S. Cicero Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan   1 1523 Voorhies Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Hampton Inn Gretna 86.74 68.87 79.4% NAV NAV NAV NAV NAV NAV
35 Loan   1 Walgreens Fort Smith NAP NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan   2 Walgreens FL & IL Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.01 Property   1 Walgreens - West Palm, FL NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.02 Property   1 Walgreens - Carol Steam, IL NAP NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan   1 Madison Park NAP NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan   1 Walgreens Ocala NAP NAP NAP NAP NAP NAP NAP NAP NAP

A-1-24 

 

 

Footnotes to Annex A-1

 

(1)GACC—German American Capital Corporation or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates; GSMC—Goldman Sachs Mortgage Company or one of its affiliates.

 

With respect to Loan No. 2, CX - 350 & 450 Water Street, the mortgage loan is part of a whole loan that was cooriginated by DBR Investments Co. Limited, JPMorgan Chase Bank, National Association, Bank of America, N.A. and 3650 Cal Bridge Lending, LLC. The CX - 350 & 450 Water Street Loan includes the $64.0 million Note A-1-3 as to which GACC is acting as mortgage loan seller and the $30.0 million Note A-3-2 as to which JPMCB is acting as the mortgage loan seller.

 

With respect to Loan No. 5, The 1100 & 820 First Street NE mortgage loan is part of a whole loan that was cooriginated by Barclays Capital Real Estate Inc. and Citi Real Estate Funding Inc.

 

(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 No. 1 - One Memorial Drive 

•    Loan No. 2 - CX - 350 & 450 Water Street 

•    Loan No. 4 - The Veranda 

•    Loan No. 5 - 1100 & 820 First Street NE 

•    Loan No. 6 - 520 Almanor 

•    Loan No. 12 - Audubon Crossings & Commons 

•    Loan No. 15 - Plaza La Cienega 

•    Loan No. 16 - La Encantada

 

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

 

•    Loan No. 5 - 1100 & 820 First Street NE 

•    Loan No. 14 - WoodSpring Suites Portfolio 

•    Loan No. 27 - Hirschfield NNN Portfolio 

•    Loan No. 30 - Omega Mixed Use Portfolio 

•    Loan No. 32 - Forrestal & Cicero Portfolio 

•    Loan No. 36 - Walgreens FL & IL Portfolio

 

(4)With respect to Loan No. 2, CX - 350 & 450 Water Street, the Mortgaged Property includes (i) the 350 Water Street building (Parcel G), which is a laboratory building consisting of 511,157 sq. ft. and (i) the 450 Water building (Parcel H), which is a contemporary office building consisting of 404,076 sq. ft.

 

With respect to Loan No. 8, Amazon Hunts Point, Total Sq. Ft. reflects square footage attributable to the parcel of land (including an outdoor parking facility and an approximately 2,800 square foot industrial building) which serves as collateral for the Amazon Hunts Point Mortgage Loan.

 

With respect to Loan No. 23, 31 Bond Street, the 31 Bond Street Mortgaged Property includes 2,897 sq. ft. of ground floor retail space.

 

(5)With respect to Loan No. 1, One Memorial Drive, the Mortgaged Property is subject to a certain Notice of Activity and Use Limitation related to the presence of chlorinated volatile organic compounds previously detected in the groundwater underneath the Mortgaged Property. See “Description of the Mortgage Pool—Use Restrictions” and “—Environmental Considerations” in this Preliminary Prospectus for additional information.

 

With respect to Loan No. 2, CX - 350 & 450 Water Street, the related ESA identified a REC at each of the two buildings comprising the Mortgaged Property in connection with residual subsurface impacts from historical

 

A-1-25 

 

releases of chemicals including volatile organic compounds, hydrocarbons and heavy metals. Remediation is ongoing, and once completed and filed, the Mortgaged Property will be subject to a certain Notice of Activity and Use Limitations. See “Description of the Mortgage Pool—Use Restrictions” and “—Environmental Considerations” in this Preliminary Prospectus for additional information.

 

With respect to Loan No. 22, 144 Bleecker Street, the Mortgage Loan documents require the borrower to diligently pursue enrollment of the 144 Bleecker Street Mortgaged Property in the 421a Property Tax Abatement program. The terms of this abatement are anticipated to require that eight multifamily apartment units be leased to tenants whose income does not exceed 130% of the area median income. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in this Preliminary Prospectus for additional information.

 

With respect to Loan No. 23, 31 Bond Street, the Mortgaged Property is subject to the NoHo Historic District Extension Landmarks Preservation Commission. See “Description of the Mortgage Pool—Use Restrictions” in this Preliminary Prospectus for additional information.

 

(6)With respect to Loan No. 2, CX - 350 & 450 Water Street, the CX - 350 & 450 Water Street Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of November 6, 2031 and a final maturity date of November 6, 2036. The initial interest rate for the CX - 350 & 450 Water Street Whole Loan is 2.79200% per annum. After the ARD, the interest rate will increase by 200 basis points over the greater of (x) 2.792000%, and (y) (1) the swap rate in effect on the ARD plus (2) 1.26000%. The metrics presented above are calculated based on the ARD.

 

With respect to Loan No. 6, 520 Almanor, the Whole Loan is structured with an anticipated repayment date of November 6, 2031 (“ARD”) and final maturity date of June 6, 2034. The initial interest rate for the 520 Almanor Whole Loan is 2.55500% per annum. From and after the ARD, in the event the 520 Almanor Whole Loan is not paid-off on or before the ARD, the 520 Almanor Whole Loan will accrue interest at a fixed rate equal to the greater of (i) 5.05500% or (ii) the sum of (x) the 10-year swap rate plus (y) 3.38000%. The metrics presented above are calculated based on the ARD.

 

(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) 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)“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

 

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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.

 

(10)“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).

 

(11)With respect to Loan No. 9, Brush Factory Lofts, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Brush Factory Lofts Mortgaged Property can be attributed to recent leasing.

 

With respect to Loan No. 10, Norcross Industrial Portfolio, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the fact that the most recent period reflects months impacted by the COVID-19 pandemic. In addition, Underwritten Net Operating Income ($) includes rent step credits of $96,792 and full credit for 10 new leases signed since August 2020, one of which was signed after the most recent period ending in July 2021 (Lifetouch; $82,619 in underwritten base rent).

 

With respect to Loan No. 12, Audubon Crossings & Commons, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the inclusion of base rent and reimbursements from three new signed leases (Octopharma, Affordable Care and Oak Street Health).

 

With respect to Loan No. 16, La Encantada, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the fact that the most recent period reflects months impacted by the COVID-19 pandemic. In addition, the Underwritten Net Operating Income ($) includes rent steps, improved sales and new leases signed.

 

With respect to Loan No. 17, The Wolf Building, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to recent leasing.

 

With respect to Loan No. 20, Mansfield Commons, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the Mansfield Commons Mortgaged Property can be attributed to recent leasing.

 

With respect to Loan No. 21, Peachtree Corners I & II, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributed to the inclusion of base rent and reimbursement from two newly signed leases for the Largest Tenant, Technicolor Connected Home USA LLC, and the Fifth Largest Tenant, Broniec Associates, Inc.

 

With respect to Loan No. 31, Newberry Crossing, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributed to seven tenants that had rent and reimbursement income deferred or abated from 2 months to 9 months due to the COVID-19 Pandemic.

 

With respect to Loan No. 33, 1523 Voorhies Avenue: The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 1523 Voorhies Avenue Mortgaged Property can be attributed to recent leasing.

 

(12)The grace periods noted under “Grace Period - Late Fee (Days)” and Grace Period - Default (Days) 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.

 

With respect to Loan No. 3, Townhouse on the Park, the Townhouse on the Park Mortgage Loan documents permit the borrower one five-day grace period with respect to the Monthly Debt Service ($) in any 12-month period for the incurrence of a late fee, provided the borrower has timely paid the Monthly Debt Service ($) when due for the preceding 12-month period.

 

With respect to Loan No. 14, WoodSpring Suites Portfolio, the WoodSpring Suites Portfolio Mortgage Loan documents provide the borrowers with one five-day grace period in which no late fee is required to be paid during the term of the loan for any payments due on a payment date, other than the payment due on the maturity date.

 

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(13)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 Than “As-ls”)   Mortgage Loan LTV Ratio at Maturity (Other Than “Asis”)   Appraised Value (Other Than “Asis”}   Mortgage Loan Cut-off Date LTV Ratio (“Asis”)   Mortgage Loan LTV Ratio at Matu rity(“ As-ls ”)   Appraised Value (“As-ls”)(1)
CX - 350 & 450 Water Street(1)   9.9%   41.7%   41.7%   $1,954,000,000   45.8%   45.8%   $1,778,000,000
520 Almanor(2)   5.4%   40.0%   40.0%   $254,000,000   41.8%   41.8%   $243,000,000
Amazon Hunts Pointf(3)   3.6%   59.8%   59.8%   $58,000,000   60.9%   60.9%   $57,000,000
144 Bleecker Street(4)   1.4%   68.3%   68.3%   $18,900,000   69.0%   69.0%   $18,700,000
Hirschfield NNN Portfolio(5)   0.1%   75.0%   59.4%   $12,690,000   76.6%   60.7%   $12,430,000
Forrestal & Cicero Portfolio(6)   0.6%   59.5%   53.8%   $10,290,000   61.9%   56.0%   $9,890,000

 

(1)The “Prospective Market Value Upon Completion & Stabilization” appraised value of $1.954 billion as of April 1, 2023 assumes that the outstanding capital expenditure of approximately $56 million for the 350 Water Street building and $80 million for the 450 Water Street building are fully funded and reserved by the lender, and that these reserved funds would pass with title to any purchaser of the Mortgaged Property.

 

(2)The “As Stabilized” appraised value assumes all outstanding tenant improvements and contractual free rent associated with the Nokia lease have been satisfied.

 

(3)The Appraised Value (Other than “As-Is”) represents the “Prospective Market Value Upon Completion and Stabilization” as of August 1, 2021, which assumes the completion of the parking lot with new paving, striping, lighting, drainage and fencing. The parking lot renovation was completed at loan origination.

 

(4)The “Prospective Value at Stabilization” as of July 1, 2021 for the 144 Bleecker Street Mortgaged Property, which assumes that the related Mortgaged Property is granted a 35-year 421a tax abatement beginning in the 2021/22 tax year, that the Mortgaged Property is built in accordance with the approved architectural plans, and that the unit mix provided represents the legal allowable occupancy.

 

(5)The Appraised Value (Other than “As-Is”) includes the “Hypothetical As If Complete Value” for the 1112 Centre West Drive Mortgaged Property as of July 23, 2021, which assumes that the cost of the landlord obligations associated with the roof repair, and all tenant improvements and leasing commissions associated with the lease renewal are completed and have been escrowed. The ”Hypothetical As If Complete Value” and the “As-Is” value of the 1112 Centre West Drive individual Mortgaged Property is $1,820,000 and the “As-Is” value is $1,560,000, respectively.

 

(6)The Appraised Value (Other than “As-Is”) includes the ”As Stabilized” for the 3312-3314 S. Cicero Avenue Mortgaged Property as of September 1, 2022, which assumes the completion of the build-out of the Midwest Express Clinic’s space and the tenant has taken occupancy at the Mortgaged Property. The “As Stabilized” and the “As-Is” value of the 3312-3314 S. Cicero Avenue Mortgaged Property is $4,540,000 and $4,140,000, respectively.

 

With respect to Loan No. 14, WoodSpring Suites Portfolio, the “as-is” appraised value for the WoodSpring Suites Bakersfield Mortgaged Property is based on the assumption that a total capital expenditure of $217,000, which represents the total cost of the renovations the borrower sponsor plans to complete upon acquiring the Mortgaged Property, is completed. As of the date of acquisition, the remaining outstanding amount of the renovations was $42,000, and at loan origination, the borrower was required to deposit $50,400 (120% of the total cost).

 

(14)With respect to Loan No. 8, Amazon Hunts Point, the borrower is the ground lessor under a ground lease with HP Logistics I LLC, the ground lessee, and an affiliate of the Borrower, which ground lessee has leased the Mortgaged Property to the sole tenant, Amazon.com Services LLC. The rent under the Amazon lease is identical to the rent under the ground lease.

 

With respect to Loan No. 18, Middletown Crossing Shopping Center, the borrower is the ground lessor under a ground lease with the Largest Tenant, ACME. At loan origination, the borrower reserved $2,500,000, which will be released upon the Largest Tenant’s lease renewal or replacement by an acceptable tenant.

 

(15)(15) Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.

 

“L(x)” means lock-out for x payments.

 

“D(x)” means may be defeased for x payments.

 

“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.

 

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“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.

 

(16)With respect to Loan No. 1, One Memorial Drive, the One Memorial Drive Whole Loan may be voluntarily prepaid in whole (but not in part) beginning on the business day after the second anniversary of the first monthly payment date with the payment of the yield maintenance premium if such prepayment occurs prior to the monthly payment date which is six months prior to the maturity date of the One Memorial Whole Loan. In addition, the One Memorial Drive Whole Loan may be defeased in whole (but not in part) at any time after the earlier to occur of (i) November 5, 2024 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.

 

With respect to Loan No. 2, CX - 350 & 450 Water Street, the CX - 350 & 450 Water Street Whole Loan may be voluntarily prepaid in whole (but not in part) beginning on or after the payment date in December 2023 with a yield maintenance premium if such prepayment occurs prior to the payment date in May 2031. In addition, the CX - 350 & 450 Water Street Whole Loan may be defeased in whole (but not in part) at any time after the earlier to occur of (i) October 14, 2024 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.

 

With respect to Loan No. 4, The Veranda, The Veranda Whole Loan may be voluntarily prepaid in whole (but not in part) beginning on the occurrence of the second anniversary of the first monthly payment date with the payment of the yield maintenance premium if such prepayment occurs prior to the payment date that is three months prior to the maturity date of The Veranda Whole Loan. In addition, The Veranda Whole Loan may be defeased in whole (but not in part) at any time after the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized.

 

With respect to Loan No. 5, 1100 & 820 First Street NE, the lockout period will be at least 35 payment dates beginning with and including the first payment date in November 2021. The 1100 & 820 First Street NE Whole Loan may be voluntarily prepaid in whole (but not in part) on any monthly payment date after the Lockout Period (as defined below) and prior to July 1, 2031 with payment of the yield maintenance premium. Defeasance of the 1100 & 820 First Street NE Whole Loan is permitted at any time following the later 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) September 30, 2024 (“Lockout Period”). The assumed defeasance lockout period of 35 payment dates is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.

 

With respect to Loan No. 6, 520 Almanor, the lockout period will be at least 24 payment dates beginning with and including the first payment date in December 2021. Defeasance of the 520 Almanor Whole Loan in whole (but not in part) is permitted on the first payment date following the earlier to occur of (i) October 20, 2024 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 24 payments is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.

 

With respect to Loan No. 12, Audubon Crossings & Commons, the lockout period will be at least 27 payment dates beginning with and including the first payment date in September 2021. Defeasance of the Audubon Crossings & Commons Whole Loan in full is permitted on the first payment date following the earlier to occur of (i) August 6, 2024 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 27 payments is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.

 

With respect to Loan No. 15, Plaza La Cienega, the lockout period will be at least 25 payment dates beginning with and including the first payment date in November 2021. Defeasance of the Plaza La Cienega 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) September 28, 2024. The assumed defeasance lockout period of 25 payment dates is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.

 

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With respect to Loan No. 16, La Encantada, the lockout period will be at least 25 payment dates beginning with and including the first payment date in November 2021. Defeasance of the La Encantada Whole Loan in full is permitted on the first payment date following the earlier to occur of (i) September 17, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected Benchmark 2021-B30 securitization closing date in November 2021. The actual lockout period may be longer.

 

(17)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. 2 - CX - 350 & 450 Water Street 

•   Loan No. 11 - Wilmot Plaza 

•   Loan No. 16 - La Encantada 

•   Loan No. 30 - Omega Mixed Use Portfolio 

•   Loan No. 31 - Newberry Crossing

 

(18)The following Mortgaged Properties consists, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:

 

With respect to Loan No. 6, 520 Almanor, the Mortgaged Property consists of a leasehold interest under a 99- year ground lease that is in place through June 2116. Pace Properties is the ground lessor. The ongoing monthly ground rent is equal to the greater of (i) a floor base rent (currently $125,914), which increases 3% every five years, starting in July 2023 and (ii) 14.0% of the effective triple-net base rent paid by Nokia (or any replacement tenant) (based on the full 231,220 SF).

 

With respect to No. 12, Audubon Crossings & Commons, the Public Service Electrical Gas Company leases to the borrower a right of way over a parcel of land for access, ingress/egress, landscaping and the operation of a sanitary line and storm sewer (the “PSE&G Lease”). The PSE&G Lease commenced in December 2005, expires in December 2035 and has two consecutive, five-year renewal options (resulting in an as-extended term that is less than 20 years beyond the stated maturity date of the related Mortgage Loan). The annual ground rent payable under the PSE&G Lease was originally $3,900, with CPI adjustments occurring every five years during the term beginning with the sixth lease year. Current annual ground rent is approximately $22,510.

 

With respect to Loan No. 15, Plaza La Cienega, the Mortgaged Property consists of Rains, LLC’s, one of the two related borrowers, fee interest in the Plaza La Cienega Property, as well as LaCienega-Sawyer Ltd.’s, the second of the two related borrowers, leasehold interest in the Plaza La Cienega Property, which it holds pursuant to a ground lease dated April 1, 1971 between Rains, LLC, as ground lessor, and LaCienega-Sawyer Ltd., as ground lessee. The monthly rent payment under such ground lease is $1.00. The ground lease expires on March 31, 2041 with one 29-year extension option remaining.

 

(19)With respect to No. 13, Grand Rapids Commerce Center, the borrowers (Property Owner and Master Tenant) entered into a master lease in connection with a reverse 1031 exchange. The Master Tenant Borrower made a subordinate loan to the Property Owner Borrower to inject capital into the Property Owner Borrower prior to the reverse 1031 exchange. The Property Owner Borrower leases its interest to the Master Tenant Borrower to collect rents from the Property prior to the reverse 1031 exchange. The master lease will terminate when the reverse 1031 exchange is complete, or within 180 days of the loan origination date, whichever occurs first. A subordination agreement was executed by the Master Tenant Borrower.

 

(20)With respect to Loan Loan No. 2, CX - 350 & 450 Water Street, the Sole Tenant, Aventis Inc., has two leases expiring in June 2036 and November 2036, respectively. The November 2036 expiration date is based on an anticipated rent commencement of November 10, 2021. The actual rent commencement date, anniversary date, and expiration date to be determined as provided in the 450 Water Street lease and amendments, related to the substantial completion of the base building work at the 450 Water Street building.

 

(21)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

 

A-1-30 

 

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.

 

With respect to Loan No. 1, One Memorial Drive, the Largest Tenant, InterSystems Corporation, has the right to expand its leased space to any space in the building that the borrower anticipates will be available for delivery to InterSystems Corporation after July 1, 2024 and prior to June 30, 2025 (the “Potential Expansion Premises”). If the borrower does not have any Potential Expansion Premises, then InterSystems will have the right to terminate its lease in whole or in part provided that any remaining space must consist of at least three full floors that are either not located in a contiguous block, or if located in a contiguous block, are contiguous to each other and located at the top or bottom of such block upon notice within six months of receipt of the borrower’s notice that no Potential Expansion Premises are available and upon the payment of a termination fee. The termination date will be at least 18 months after the date of InterSystems’ termination notice and will occur during the period beginning July 1, 2025 and ending December 31, 2025. It is anticipated that Potential Expansion Premises will not be available given the expiration dates of existing leases.

 

With respect to Loan No. 2, CX - 350 & 450 Water Street, the Sole Tenant, Aventis Inc., has the right to terminate each of its leases, with a termination fee, effective as of the end of the respective 14th lease year. If Aventis Inc. chooses to exercise the early termination right, it must deliver to the landlord between 24 and 36 months prior to the early termination date (a) notice that the early termination right has been exercised and (b) the early termination payment. The early termination payment equals the sum of (i) the 12 monthly installments of base rent that would have been due for the 12-month period immediately following the early termination date in the absence of such termination and (ii) the stipulated operating expenses/tax component per the lease.

 

With respect to Loan No. 5, 1100 & 820 First Street NE, (i) the Largest Tenant at the 1100 & 820 First Street NE - 1100 First Street NE Mortgaged Property, GSA-Department Veterans Affairs, has the right to terminate its lease effective as of July 29, 2024 with respect to floors 1 and 2, effective as of July 29, 2024 with respect to floors 4 and 5, and effective as of June 25, 2024 with respect to floors 6 and 7, collectively representing the entirety of its space at the Mortgaged Propety, in each case upon at least one year’s prior written notice, (ii) the Third Largest Tenant at the 1100 & 820 First Street NE - 1100 First Street NE Mortgaged Property, GSA-FERC has the right to terminate its lease at any time after the forty-second month of the extension term, which commenced on January 21, 2020, upon 180 days’ prior written notice, (iii) the Largest Tenant at the 1100 & 820 First Street NE - 820 First Street NE Mortgaged Property, Turner Broadcasting System Inc, has a termination option effective December 31, 2026 with 15 months’ notice and payment of a termination fee; and (iv) the Second Largest Tenant at the 1100 & 820 First Street NE - 820 First Street NE Mortgaged Property, Accenture LLP, has the right to terminate its lease effective as of February 28, 2023 provided that either of the two governmental agencies which such tenant currently serves at the leased premises have either (1) terminated their contract with such tenant without entering into a replacement contract for substantially similar services, or (2) have not exercised an option to extend or renew the term of their contract within three months of the then current expiration date of such contract, in either case upon written notice delivered to the related landlord no later than November 30, 2022 and payment of a termination fee. Accenture LLP also has the one-time right to terminate its lease with respect to a portion of its leased premises located on the 6th floor and containing approximately 7,447 rentable square feet upon 180 days’ notice and payment of a contraction fee.

 

With respect to Loan No. 13, Grand Rapids Commerce Center, the Largest Tenant at the Grand Rapids Commerce Center Mortgaged Property, Sprinter Services, Inc. has a one-time option to terminate its lease for Suite 370 (which represents 41% of the tenant’s total net rentable area and 10% of the overall Mortgaged Property square footage) at any time prior to June 30, 2025 with 12 months’ notice.

 

With respect to Loan No. 15, Plaza La Cienega, the Fifth Largest Tenant at the Plaza La Cienega Mortgaged Property, CVS, may terminate its lease on November 30, 2021, and every 10 years thereafter, with 90 days’ notice.

 

With respect to Loan No. 16, La Encantada, (i) the Second Largest Tenant at the La Encantada Mortgaged Property, Crate & Barrel, may terminate its lease with 90 days’ written notice to the landlord, and (ii) the Fourth Largest Tenant at the La Encantada Mortgaged Property, West Elm, has the right to terminate its lease if it does not achieve gross sales totaling at least $3,000,000 during its fifth lease year (February 2025 through January

 

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2026) (the “Sales Measuring Period”) with notice to the landlord no later than 180 days after the end of the Sales Measuring Period.

 

With respect to Loan Loan No. 17, The Wolf Building, the largest commercial tenant, Public Health Management Corp., has termination options in the event that federal funding is terminated or reduced and such termination or reduction results in the tenant’s operations becoming impractical or impossible.

 

With respect to Loan No. 23, 31 Bond Street, the Fifth Largest Tenant, Kith Stock, LLC, may terminate its license at any time after January 31, 2023 upon 6 months’ notice.

 

With respect to Loan No. 24, Corinth Distribution Center, the Second Largest Tenant at the Corinth Distribution Center Mortgaged Property, Draka Elevator, has the right to terminate its lease on December 31, 2021 and on December 31, 2022, with 180 days’ notice and payment of a termination fee.

 

With respect to Loan No. 26, 450 Post Road East, the Largest Tenant at the 450 Post Road East Mortgaged Property, Wells Fargo Advisors, LLC, has a one-time right to terminate its lease in March 2027 with 12 months’ notice and payment of a termination fee.

 

With respect to Loan No. 33, 1523 Voorhies Avenue, the Largest Tenant, Six Star Plus Inc, representing approximately 34.0% of the net rentable area, may terminate its lease for up to 2,000 square feet of its space upon 90 days advance notice.

 

With respect to Loan No. 36.01, Walgreens FL & IL Portfolio - Walgreens - West Palm, FL, the Sole Tenant at the Walgreens - West Palm, FL Mortgaged Property, Walgreens, has the option to terminate its lease effective June 30, 2029.

 

With respect to Loan No. 36.02, Walgreens FL & IL Portfolio - Walgreens - Carol Steam, IL, the Sole Tenant at the Walgreens - Carol Steam, IL Mortgaged Property, Walgreens, has the option to terminate its lease effective January 31, 2024 and January 31, 2029.

 

(22)

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—Lease Expirations and Terminations—Other” in this Preliminary Prospectus.

 

The tenants shown in Annex A-1 have signed leases but may or may not be open for business as of the Cut-off Date.

 

With respect to Loan No. 2, CX - 350 & 450 Water Street, the Sole Tetant, Aventis Inc. is currently not in occupancy, pending the substantial completion of the buildout out its spaces at the CX- 350 & 450 Water Street Property. The CX - 350 & 450 Water Street Property is currently undergoing a buildout with expected completion dates of the second quarter of 2022 for the 350 Water Street building and fourth quarter of 2021 for the 450 Water Street building. The lease at 350 Water Street commenced on July 1, 2021. The commencement of the lease at 450 Water Street is tied to substantial completion, with it occurring the later of (i) November 10, 2021 and (ii) the date that is 46 days prior to the substantial completion date for the base building work.

 

With respect to Loan No. 4, The Veranda, the Largest Tenant, Dave & Buster’s, is currently in a rent deferral period until December 31, 2021, related to the COVID-19 pandemic, during which the tenant is required to pay the lesser of (a) $74,141.82 per month, plus 10% of gross sales in excess of $500,000 for such month, or (b) the base rent otherwise due for such month under the lease. The tenant is required to repay the deferred portion of the base rent in monthly payments commencing in January 2022 through September 2029, in addition to the monthly base rent payable for such months.

 

With respect to Loan No. 6, 520 Almanor, the Sole Tenant, Nokia Corp., has executed a lease but is not yet in occupancy and open for business pending the completion of the related build out. Borrower has represented that Nokia of America Corporation has verbally communicated it anticipates it will take occupancy of all of its demised premises on or prior to January 10, 2022. However, we cannot assure you that Nokia of America Corporation will take occupancy and open for business as expected or at all. Nokia of America Corporation is not obligated to pay base rent from April 1, 2021 through November 30, 2021 and is only obligated to pay 50% of base rent from December 1, 2021 through June 30, 2022.

 

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With respect to Loan No. 7, Valley Plaza, the Largest Tenant, Target, has signed a lease and is currently paying rent, but is not yet open for business as it is building out its space. Target is anticipated to take occupancy and open for business by the spring of 2022. We cannot assure you that Target will take occupancy and open for business as expected or at all.

 

(23)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 - La Encantada 

•   Loan No. 25 - Village at Double Diamond 

•   Loan No. 27 - Hirschfield NNN Portfolio

 

(24)With respect to Loan No. 22, 144 Bleecker Street, beginning on the payment date in November 2023, the borrower is required to deposit into the replacement reserve account a Monthly Replacement / FF&E Reserve ($) amount equal to approximately $579.

 

(25)With Respect to Loan No. 6, 520 Almanor, the ongoing monthly ground rent reserve is equal to the greater of (i) a floor base rent (currently $125,914), which increases 3% every five years, starting in July 2023 and (ii) 14.0% of the effective triple-net base rent paid by Nokia (or any replacement tenant) (based on the full 231,220 SF).

 

With respect to Loan No. 7, Valley Plaza, the borrower is required to deposit into the basic carrying cost reserve account (i) a Monthly RE Tax Reserve ($) amount equal to (a) on the payment date occurring in November 2021, approximately $75,487 and (b) thereafter, 1/12th of the property taxes payable during the next 12 months (estimated as approximately $43,930) and (ii) a Monthly Insurance Reserve ($) amount equal to (x) on the payment dates occurring in November 2021 through April 2022, approximately $57,352 and (y) thereafter, 1/12th of the insurance premiums payable during the next 12 months (estimated as approximately $28,676).

 

With respect to Loan No. 10, Norcross Industrial Portfolio, on each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $250,000, the borrower is required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to approximately $29,426.

 

With respect to Loan No. 12, Audubon Crossings & Commons, on each payment date beginning in September 2021 through August 2023, the borrowers are required to deposit into the rollover reserve account a Monthly Other Reserve ($) amount equal to approximately $20,833.

 

With respect to Loan No. 14, WoodSpring Suites Portfolio, the Monthly Replacement / FF&E Reserve ($) is an FF&E reserve in an amount equal to (i) for the payment dates through and including October 2022, approximately $20,686 and (ii) thereafter, the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreements or (b) 1/12th of 4% of the gross revenues of the Mortgaged Property for the trailing 12- month period.

 

With respect to Loan No. 16, La Encantada, on each payment date, if and to the extent the amount contained in the TI/LC reserve account is less than $1,000,000 (excluding lease termination payments), the borrowers are required to deposit into the TI/LC reserve account a Monthly TI/LC Reserve ($) amount equal to $20,500, unless the TI/LC reserve account is thereafter equal to $2,000,000 (excluding lease termination payments).

 

With respect to Loan No. 22, 144 Bleecker Street, on the payment date occurring in November 2021, the borrower is required to deposit into the basic carrying cost reserve account a Monthly RE Tax Reserve ($) amount equal to approximately $29,030, which consists of (i) the Monthly RE Tax Reserve ($) of approximately $4,838 and (ii) a one-time additional deposit of approximately $24,192.

 

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(26)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 One Memorial Drive $95,000,000 9.98% $10,000,000 Yes 9/15/2034
2 CX - 350 & 450 Water Street $94,000,000 9.9% $5,000,000 Yes 10/13/2031
4 The Veranda $70,000,000 7.4% $10,000,000 Yes 10/5/2022
15 Plaza La Cienega $20,000,000 2.1% $7,500,000 Yes 9/28/2034
19 Eltingville Shopping Center $17,500,000 1.8% $3,000,000 Yes 9/28/2034

 

(27)

 

 

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 One Memorial Drive $299,300,000 $114,700,000 $414,000,000 3.63x 2.63x 36.1% 50.0% 10.2% 7.4%
2 CX - 350 & 450 Water Street $814,000,000 $411,000,000 $1,225,000,000 3.50x 2.32x 41.7% 62.7% 9.9% 6.6%

 

(1)Includes any related pari passu companion loan(s) and subordinate secured companion loan(s), and excludes any related mezzanine loan(s).

 

(28)

 

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 

 Total Debt U/W NCF DSCR(1)

Total 

Debt U/W NOI Debt 

Yield(1) 

11 Wilmot Plaza $30,000,000 3.2% $4,000,000 11.50000% 10/1/2031 Yes 73.9% 1.39x 9.3%
26 450 Post Road East(2) $9,555,000 1.0% $2,000,000 6.00000% 2/4/2032 No 74.1% 1.61x 7.5%

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

(2)In the case of the mortgage loan, such mezzanine indebtedness matures 90 days after the scheduled maturity date of such mortgage loan, or such earlier date that the date the related mortgaged property is sold or such mortgage Loan is repaid in full subject to any refinancing thereof.

 

(29)With respect to Loan No. 23, 31 Bond Street, the 31 Bond Street borrower has the right to borrow a mezzanine loan subordinate to the 31 Bond Street loan, subject to credit and legal criteria specified in the 31 Bond Street loan documents, including, without limitation: (i) a combined maximum loan to value ratio (based on appraisals ordered by the lender in connection with the origination of the mezzanine loan and calculated based on the outstanding principal balance of the 31 Bond Street loan and the initial principal amount of the mezzanine loan) of 55.0%, (ii) the maturity date is co-terminous with the 31 Bond Street loan, (iii) the aggregate debt yield as the date of origination is at least 7.50%, (iv) an intercreditor agreement reasonably satisfactory to the lender and (v) lender’s receipt of a rating agency confirmation with respect to the additional mezzanine debt.

 

Mortgage Loan Name   Mortgage Loan Cut-off Date Balance   Combined Maximum LTV Ratio   Combined Minimum DSCR   Combined Minimum Debt Yield   Intercreditor Agreement Required
31 Bond Street   $12,500,000   55.0%   NAP   7.5%   Yes

 

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(30)With respect to Loan No. 1, One Memorial Drive, the Whole Loan documents permit upper-tier financing by holders of indirect equity in the borrower secured by such indirect equity in the borrower (the “Permitted Pledge”), provided, among other restrictions, (a) such Permitted Pledge is secured by assets other than the Mortgaged Property (other than any indirect interest in cash flow from the Mortgaged Property), any direct equity in the borrower, (b) such Permitted Pledge will not result in a change of control in the borrower, and (c) at all times following such Permitted Pledge, at least one of the borrower sponsors owns at least a 25% legal and beneficial interest in and controls the borrower.

 

With respect to Loan No. 13, Grand Rapids Commerce Center, the Mortgaged Property was purchased in conjunction with a reverse 1031 exchange. Title to the Mortgaged Property is held by one of the two borrowers (the “Grand Rapids Property Owner”) and the Mortgaged Property is operated by the other borrower (the “Grand Rapids Master Tenant”) pursuant to a master lease with the Grand Rapids Property Owner. The Grand Rapids Master Tenant made a $9,596,612.38 unsecured subordinate loan (the “Grand Rapids Exchange Loan”) to the Grand Rapids Property Owner to inject capital into the Grand Rapids Property Owner prior to the reverse 1031 exchange, and entered into a subordination and standstill agreement with respect to the Grand Rapids Exchange Loan at origination.

 

With respect to Loan No. 29, CVS Wrigleyville, the borrower has incurred an unsecured debt in the amount of $7,500,000 (the “Subordinate Loan”) provided by the borrower’s affiliate (the “Subordinate Lender”). Pursuant to the related Subordination and Standstill Agreement, the payments required under the Subordinate Loan may be made solely out of excess cash flow after all required payments under the Mortgage Loan and no reserves are required under the Subordinate Loan.

 

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