FREE WRITING PROSPECTUS
|
||
FILED PURSUANT TO RULE 433
|
||
REGISTRATION FILE NO.: 333-166711-02
|
||
August 28, 2012
|
Citigroup
|
Goldman, Sachs & Co.
|
COLLATERAL OVERVIEW
|
Mortgage Loans by Loan Seller
|
||||||||||||
Mortgage Loan Seller
|
Mortgage Loans
|
Mortgaged Properties
|
Aggregate Cut-off
Date Balance |
% of Initial Pool
Balance |
||||||||
Citigroup Global Markets Realty Corp.
|
39
|
61
|
$549,462,355
|
52.8
|
% | |||||||
Goldman Sachs Mortgage Company
|
14
|
74
|
365,467,451
|
35.1
|
||||||||
Natixis Real Estate Capital LLC
|
4
|
4
|
125,280,715
|
12.0
|
||||||||
Total
|
57
|
139
|
$1,040,210,521
|
100.0
|
% |
Ten Largest Mortgage Loans
|
|||||||||||||||||||||||
Mortgage Loan Name
|
Cut-off Date
Balance |
% of
Initial Pool Balance |
Property
Type |
Property Size
SF / Rooms |
Cut-off Date
Balance Per SF / Room |
UW
NCF DSCR |
UW
NOI Debt
Yield |
Cut-off Date
LTV Ratio |
|||||||||||||||
Miami Center
|
$114,765,852
|
11.0
|
% |
Office
|
786,836
|
$219
|
1.41x
|
10.1%
|
64.2%
|
||||||||||||||
222 Broadway
|
100,000,000
|
9.6
|
Office
|
786,552
|
$172
|
2.11x
|
11.0%
|
58.7%
|
|||||||||||||||
17 Battery Place South
|
91,000,000
|
8.7
|
Office
|
428,450
|
$212
|
1.65x
|
11.0%
|
64.5%
|
|||||||||||||||
Pinnacle at Westchase
|
79,827,198
|
7.7
|
Office
|
470,940
|
$170
|
1.57x
|
10.8%
|
67.9%
|
|||||||||||||||
Gansevoort Park Avenue
|
75,000,000
|
7.2
|
Hospitality
|
249
|
$562,249
|
1.77x
|
12.5%
|
50.4%
|
|||||||||||||||
25 East Oak Street
|
49,938,386
|
4.8
|
Retail
|
38,445
|
$1,299
|
1.33x
|
8.1%
|
67.7%
|
|||||||||||||||
Sonora Village
|
33,650,000
|
3.2
|
Retail
|
248,322
|
$136
|
1.38x
|
9.4%
|
71.3%
|
|||||||||||||||
Cole Family Dollar Portfolio
|
27,725,000
|
2.7
|
Retail
|
298,858
|
$93
|
2.23x
|
11.1%
|
61.4%
|
|||||||||||||||
Hyatt Regency - Buffalo
|
25,461,498
|
2.4
|
Hospitality
|
396
|
$64,297
|
1.77x
|
15.8%
|
65.3%
|
|||||||||||||||
Plains Capital Towers
|
23,948,280
|
2.3
|
Office
|
425,040
|
$56
|
1.91x
|
15.4%
|
59.2%
|
|||||||||||||||
Top 10 Total / Wtd. Avg.
|
$621,316,214
|
59.7
|
% |
1.68x
|
11.0%
|
62.6%
|
|||||||||||||||||
Remaining Total / Wtd. Avg.
|
418,894,307
|
40.3
|
1.81x
|
12.6%
|
63.8%
|
||||||||||||||||||
Total / Wtd. Avg.
|
$1,040,210,521
|
100.0
|
% |
1.73x
|
11.7%
|
63.1%
|
Pari Passu Note Loan Summary
|
|||||||||||||||
Mortgage Loan Name
|
Mortgage
Loan Seller |
Mortgage
Loan Cut-off Date Balance |
Companion
Loan Cut-off Date Balance |
Whole Loan
Cut-off Date Balance |
Controlling Pooling
& Servicing Agreement |
Master
Servicer |
Special Servicer
|
||||||||
Miami Center
|
CGMRC
|
$114,765,852
|
$57,382,926
|
$172,148,778
|
CGCMT 2012-GC8
|
Wells Fargo
|
Midland Loan Services
|
||||||||
222 Broadway
|
GSMC
|
$100,000,000
|
$35,000,000
|
$135,000,000
|
CGCMT 2012-GC8
|
Wells Fargo
|
Midland Loan Services
|
||||||||
Gansevoort Park Avenue
|
CGMRC
|
$75,000,000
|
$65,000,000
|
$140,000,000
|
CGCMT 2012-GC8
|
Wells Fargo
|
Midland Loan Services
|
COLLATERAL OVERVIEW (continued)
|
Previously Securitized Mortgage Loans(1)(2)
|
|||||||||||||||
Property Name
|
Mortgage
Loan Seller |
City
|
State
|
Property Type
|
Cut-off Date Balance /
Allocated Cut- off Date Balance |
% of
Initial Pool Balance |
Previous Securitization(s)
|
||||||||
Miami Center
|
CGMRC
|
Miami
|
FL
|
Office
|
$114,765,852
|
11.0%
|
GSMS 2003-C1, LBUBS 2007-C7
|
||||||||
17 Battery Place South
|
Natixis RE
|
New York
|
NY
|
Office
|
$91,000,000
|
8.7%
|
GMACC 2002-FL1A, WBCMT 2007-C32
|
||||||||
Pinnacle at Westchase
|
CGMRC
|
Houston
|
TX
|
Office
|
$79,827,198
|
7.7%
|
JPMCC 2004-CBX
|
||||||||
Sonora Village
|
GSMC
|
Scottsdale
|
AZ
|
Retail
|
$33,650,000
|
3.2%
|
DLJCM 2000-CF1
|
||||||||
Sutton Place Apartments
|
Natixis RE
|
Southfield
|
MI
|
Multifamily
|
$18,800,000
|
1.8%
|
FULB 1997-C2
|
||||||||
290 Madison
|
CGMRC
|
New York
|
NY
|
Mixed Use
|
$14,947,118
|
1.4%
|
COMM 2006-C8
|
||||||||
College Point Self Storage
|
CGMRC
|
College Point
|
NY
|
Self Storage
|
$14,410,200
|
1.4%
|
GECMC 2002-2A
|
||||||||
Legacy Tower
|
GSMC
|
Durham
|
NC
|
Office
|
$11,697,214
|
1.1%
|
BSCMS 2007-T26
|
||||||||
1026-1044 Market Street
|
CGMRC
|
Philadelphia
|
PA
|
Mixed Use
|
$9,988,738
|
1.0%
|
GECMC 2002-1A
|
||||||||
Mountain Marketplace
|
CGMRC
|
Pasadena
|
MD
|
Retail
|
$8,980,103
|
0.9%
|
BSCMS 2002-PBW1
|
||||||||
Countryside Plaza
|
CGMRC
|
Mt. Pleasant
|
PA
|
Retail
|
$8,133,888
|
0.8%
|
JPMC 2000-C9
|
||||||||
Food Lion Mount Airy
|
CGMRC
|
Mount Airy
|
MD
|
Retail
|
$7,825,501
|
0.8%
|
MSDWC 2002-HQ
|
||||||||
Holiday Inn Express Fayetteville
|
Natixis RE
|
Fayetteville
|
NC
|
Hospitality
|
$7,476,636
|
0.7%
|
GECMC 2003-C2
|
||||||||
Briarlane Apartments
|
CGMRC
|
Grand Rapids
|
MI
|
Multifamily
|
$4,684,631
|
0.5%
|
BSCMS 2005-PWR9
|
||||||||
Walgreens and Sports Authority Portfolio (Palm Gardens)
|
CGMRC
|
Palm Beach Gardens
|
FL
|
Retail
|
$4,581,975
|
0.4%
|
JPMCC 2002-C2
|
||||||||
Storage Pro - Kalamazoo
|
CGMRC
|
Kalamazoo
|
MI
|
Self Storage
|
$3,671,729
|
0.4%
|
GMACC 2002-C2
|
||||||||
Americana Self Storage (SST)
|
CGMRC
|
Chantilly
|
VA
|
Self Storage
|
$3,487,661
|
0.3%
|
MSC 1999-RM1
|
||||||||
Walgreens and Sports Authority Portfolio (Marshall)
|
CGMRC
|
Marshall
|
TX
|
Retail
|
$2,910,174
|
0.3%
|
GECMC 2002-2A
|
||||||||
Walgreens and Sports Authority Portfolio (Little Rock)
|
CGMRC
|
Little Rock
|
AR
|
Retail
|
$2,662,499
|
0.3%
|
WBCMT 2003-C6
|
||||||||
Storage Pro - East Lansing
|
CGMRC
|
East Lansing
|
MI
|
Self Storage
|
$2,460,058
|
0.2%
|
GMACC 2002-C2
|
||||||||
Storage Pro - Wyoming
|
CGMRC
|
Wyoming
|
MI
|
Self Storage
|
$2,203,037
|
0.2%
|
GMACC 2002-C2
|
||||||||
Storage Kings of South Congress
|
CGMRC
|
Austin
|
TX
|
Self Storage
|
$2,193,360
|
0.2%
|
BACM 2003-1
|
||||||||
Gas Lite Manor
|
CGMRC
|
Sioux Falls
|
SD
|
Manufactured Housing
|
$1,577,305
|
0.2%
|
WBCMT 2007-C31
|
||||||||
Walgreens and Sports Authority Portfolio (Pasadena)
|
CGMRC
|
Pasadena
|
TX
|
Retail
|
$1,486,046
|
0.1%
|
WBCMT 2003-C6
|
||||||||
Winchester Self Storage
|
CGMRC
|
Memphis
|
TN
|
Self Storage
|
$948,954
|
0.1%
|
CSMC 2007-C5
|
(1)
|
The table above represents the most recent securitization with respect to the mortgaged property securing the related mortgage loan, based on information provided by the related borrower or obtained through searches of a third-party database. The information has not otherwise been confirmed by the mortgage loan sellers.
|
(2)
|
Includes mortgaged properties securing mortgage loans for which the most recent prior financing of all or a significant portion of such property was included in a securitization.
|
COLLATERAL OVERVIEW (continued)
|
Mortgage Loans with Existing Secured, Mezzanine and Other Financing
|
||||||||||||||||||
Mortgage Loan Name
|
Cut-off Date Balance
|
Pari-Passu
Companion Loan Cut-off Date Balance |
Mezzanine Debt Cut-
off Date Balance |
Cut-off Date Total Debt Balance
|
Total
Debt Interest Rate |
Cut-off
Date Mortgage Loan LTV |
Cut-off
Date Total Debt LTV |
Mortgage Loan DSCR
|
Total Debt DSCR
|
|||||||||
17 Battery Place South
|
$91,000,000
|
NA
|
$14,000,000
|
$105,000,000
|
5.7000%
|
64.5%
|
74.5%
|
1.65x
|
1.29x
|
|||||||||
Gansevoort Park Avenue
|
$75,000,000
|
$65,000,000
|
$20,000,000
|
$160,000,000
|
5.7050%
|
50.4%
|
57.6%
|
1.77x
|
1.43x
|
Property Type / Detail
|
Number of Mortgaged Properties
|
Aggregate Cut-off
Date Balance(1) |
% of Initial Pool Balance
|
Wtd. Avg. Underwritten
NCF DSCR(2) |
Wtd. Avg.
Cut-off Date LTV Ratio(2) |
Wtd. Avg.
Debt Yield on Underwritten NOI(2)
|
||||||||||
Retail
|
77
|
$204,030,725
|
19.6
|
% |
1.85x
|
63.6%
|
10.9%
|
|||||||||
Unanchored
|
4
|
61,892,289
|
5.9
|
1.39x
|
66.5%
|
8.8%
|
||||||||||
Anchored
|
6
|
56,852,742
|
5.5
|
1.84x
|
62.3%
|
11.9%
|
||||||||||
Single Tenant Retail
|
66
|
51,635,694
|
5.0
|
2.73x
|
56.7%
|
13.3%
|
||||||||||
Power Center / Big Box
|
1
|
33,650,000
|
3.2
|
1.38x
|
71.3%
|
9.4%
|
||||||||||
Office
|
9
|
$459,313,184
|
44.2
|
% |
1.68x
|
63.6%
|
11.0%
|
|||||||||
CBD
|
6
|
407,752,058
|
39.2
|
1.68x
|
63.8%
|
10.8%
|
||||||||||
General Suburban
|
3
|
51,561,125
|
5.0
|
1.64x
|
62.3%
|
12.8%
|
||||||||||
Multifamily
|
13
|
$88,395,609
|
8.5
|
% |
1.76x
|
66.2%
|
12.7%
|
|||||||||
Student Housing
|
1
|
12,444,665
|
1.2
|
1.34x
|
67.3%
|
11.0%
|
||||||||||
Garden
|
8
|
63,658,203
|
6.1
|
1.90x
|
64.7%
|
13.6%
|
||||||||||
Mid Rise
|
3
|
6,000,000
|
0.6
|
1.44x
|
71.1%
|
9.4%
|
||||||||||
High Rise
|
1
|
6,292,741
|
0.6
|
1.47x
|
74.6%
|
9.6%
|
||||||||||
Hospitality
|
10
|
$180,731,054
|
17.4
|
% |
1.84x
|
56.7%
|
14.3%
|
|||||||||
Full Service
|
4
|
121,599,912
|
11.7
|
1.80x
|
55.3%
|
13.8%
|
||||||||||
Limited Service
|
5
|
49,027,252
|
4.7
|
1.96x
|
57.4%
|
15.6%
|
||||||||||
Extended Stay
|
1
|
10,103,889
|
1.0
|
1.81x
|
69.7%
|
14.7%
|
||||||||||
Mixed Use
|
2
|
$24,935,856
|
2.4
|
% |
1.54x
|
59.3%
|
10.4%
|
|||||||||
Office / Retail
|
1
|
14,947,118
|
1.4
|
1.36x
|
55.2%
|
9.0%
|
||||||||||
Retail / Office
|
1
|
9,988,738
|
1.0
|
1.81x
|
65.4%
|
12.5%
|
||||||||||
Self Storage
|
16
|
$55,254,581
|
5.3
|
% |
1.59x
|
70.2%
|
10.6%
|
|||||||||
Parking
|
1
|
$ 2,589,978
|
0.2
|
% |
1.58x
|
74.0%
|
11.1%
|
|||||||||
Manufactured Housing
|
11
|
$24,959,533
|
2.4
|
% |
1.49x
|
70.0%
|
11.0%
|
|||||||||
Total / Wtd. Avg.
|
139
|
$1,040,210,521
|
100.0
|
% |
1.73x
|
63.1%
|
11.7%
|
|||||||||
|
(1)
|
Calculated based on the mortgaged property’s allocated loan amount for mortgage loans secured by more than one mortgaged property.
|
|
(2)
|
Weighted average based on the mortgaged property’s allocated loan amount for mortgage loans secured by more than one mortgaged property.
|
COLLATERAL OVERVIEW (continued)
|
Property Location
|
Number of Mortgaged Properties
|
Aggregate Cut-off
Date Balance(1) |
% of Initial Pool Balance
|
Aggregate
Appraised Value |
% of Total
Appraised Value |
Underwritten
NOI |
% of Total Underwritten NOI
|
||||||||||||||
New York
|
7
|
$326,294,384
|
31.4
|
% |
$743,900,000
|
38.2
|
% |
$49,750,834
|
35.7
|
% | |||||||||||
Texas
|
20
|
154,878,737
|
14.9
|
238,870,000
|
12.3
|
18,555,843
|
13.3
|
||||||||||||||
Florida
|
15
|
137,897,771
|
13.3
|
303,370,000
|
15.6
|
20,115,371
|
14.4
|
||||||||||||||
Illinois
|
11
|
98,841,924
|
9.5
|
144,050,000
|
7.4
|
9,138,255
|
6.6
|
||||||||||||||
Michigan
|
17
|
50,531,289
|
4.9
|
81,490,000
|
4.2
|
7,302,328
|
5.2
|
||||||||||||||
Pennsylvania
|
4
|
47,506,145
|
4.6
|
79,075,000
|
4.1
|
6,778,253
|
4.9
|
||||||||||||||
Arizona
|
4
|
36,267,492
|
3.5
|
51,210,000
|
2.6
|
3,452,657
|
2.5
|
||||||||||||||
North Carolina
|
4
|
35,441,825
|
3.4
|
56,325,000
|
2.9
|
5,476,785
|
3.9
|
||||||||||||||
Virginia
|
4
|
24,100,627
|
2.3
|
40,975,000
|
2.1
|
3,102,423
|
2.2
|
||||||||||||||
California
|
1
|
23,400,000
|
2.2
|
38,000,000
|
1.9
|
2,408,702
|
1.7
|
||||||||||||||
Ohio
|
5
|
19,293,285
|
1.9
|
29,190,000
|
1.5
|
2,193,483
|
1.6
|
||||||||||||||
Georgia
|
2
|
18,397,246
|
1.8
|
29,600,000
|
1.5
|
2,426,711
|
1.7
|
||||||||||||||
Maryland
|
2
|
16,805,605
|
1.6
|
26,600,000
|
1.4
|
2,061,547
|
1.5
|
||||||||||||||
Mississippi
|
8
|
8,177,540
|
0.8
|
13,245,000
|
0.7
|
1,028,933
|
0.7
|
||||||||||||||
Oklahoma
|
7
|
6,535,969
|
0.6
|
10,530,000
|
0.5
|
788,687
|
0.6
|
||||||||||||||
Utah
|
2
|
6,483,228
|
0.6
|
9,250,000
|
0.5
|
695,436
|
0.5
|
||||||||||||||
New Hampshire
|
1
|
5,445,000
|
0.5
|
11,800,000
|
0.6
|
920,640
|
0.7
|
||||||||||||||
Wisconsin
|
1
|
4,386,720
|
0.4
|
7,200,000
|
0.4
|
465,404
|
0.3
|
||||||||||||||
Tennessee
|
3
|
4,333,677
|
0.4
|
5,850,000
|
0.3
|
465,968
|
0.3
|
||||||||||||||
Arkansas
|
2
|
3,129,917
|
0.3
|
5,040,000
|
0.3
|
376,585
|
0.3
|
||||||||||||||
Missouri
|
5
|
2,525,716
|
0.2
|
5,540,000
|
0.3
|
411,250
|
0.3
|
||||||||||||||
Colorado
|
3
|
1,996,057
|
0.2
|
3,540,000
|
0.2
|
252,626
|
0.2
|
||||||||||||||
South Dakota
|
1
|
1,577,305
|
0.2
|
2,110,000
|
0.1
|
162,181
|
0.1
|
||||||||||||||
Nevada
|
3
|
1,342,468
|
0.1
|
3,390,000
|
0.2
|
276,588
|
0.2
|
||||||||||||||
New Mexico
|
1
|
1,152,447
|
0.1
|
1,800,000
|
0.1
|
128,090
|
0.1
|
||||||||||||||
Kansas
|
1
|
981,830
|
0.1
|
1,610,000
|
0.1
|
109,126
|
0.1
|
||||||||||||||
Indiana
|
1
|
801,845
|
0.1
|
1,930,000
|
0.1
|
143,419
|
0.1
|
||||||||||||||
Louisiana
|
1
|
456,508
|
0.0
|
1,080,000
|
0.1
|
83,082
|
0.1
|
||||||||||||||
South Carolina
|
1
|
411,457
|
0.0
|
975,000
|
0.1
|
76,775
|
0.1
|
||||||||||||||
Minnesota
|
1
|
408,698
|
0.0
|
590,000
|
0.0
|
45,425
|
0.0
|
||||||||||||||
Iowa
|
1
|
407,809
|
0.0
|
680,000
|
0.0
|
45,326
|
0.0
|
||||||||||||||
Total
|
139
|
$1,040,210,521
|
100.0
|
% |
$1,948,815,000
|
100.0
|
% |
$139,238,733
|
100.0
|
% |
|
(1)
|
Calculated based on the mortgaged property’s allocated loan amount for mortgage loans secured by more than one mortgaged property.
|
Distribution of Cut-off Date Balances
|
Distribution of Cut-off Date LTV Ratios
|
|||||||||||||||||||||||
% of
|
% of
|
|||||||||||||||||||||||
Number of
|
Initial
|
Number of
|
Initial
|
|||||||||||||||||||||
Range of Cut-off Date
|
Mortgage
|
Cut-off Date
|
Pool
|
Range of Cut-off
|
Mortgage
|
Pool
|
||||||||||||||||||
Balances ($)
|
Loans
|
Balance
|
Balance
|
Date LTV (%)
|
Loans
|
Cut-off Date Balance
|
Balance
|
|||||||||||||||||
1,577,305 - 4,999,999
|
12
|
$41,169,572
|
4.0
|
% |
41.0 - 45.9
|
1
|
$12,270,000
|
1.2
|
% | |||||||||||||||
5,000,000 - 9,999,999
|
19
|
140,005,079
|
13.5
|
46.0 - 50.9
|
3
|
83,932,661
|
8.1
|
|||||||||||||||||
10,000,000 - 14,999,999
|
12
|
151,172,045
|
14.5
|
51.0 - 55.9
|
4
|
45,796,883
|
4.4
|
|||||||||||||||||
15,000,000 - 19,999,999
|
1
|
18,800,000
|
1.8
|
56.0 - 60.9
|
8
|
184,796,934
|
17.8
|
|||||||||||||||||
20,000,000 - 29,999,999
|
6
|
144,882,389
|
13.9
|
61.0 - 65.9
|
15
|
387,971,508
|
37.3
|
|||||||||||||||||
30,000,000 - 49,999,999
|
2
|
83,588,386
|
8.0
|
66.0 - 74.9
|
26
|
325,442,535
|
31.3
|
|||||||||||||||||
70,000,000 - 99,999,999
|
3
|
245,827,198
|
23.6
|
Total
|
57
|
$1,040,210,521
|
100.0
|
% | ||||||||||||||||
100,000,000 - 114,765,852
|
2 |
214,765,852
|
20.6
|
|||||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% | ||||||||||||||||||||
Distribution of Maturity Date/ARD LTV Ratios
|
||||||||||||||||||||||||
Distribution of Underwritten DSCRs
|
% of
|
|||||||||||||||||||||||
% of
|
Number of
|
Initial
|
||||||||||||||||||||||
Number of
|
Initial
|
Range of Maturity
|
Mortgage
|
Pool
|
||||||||||||||||||||
Range of UW
|
Mortgage
|
Pool
|
Date/ARD LTV (%)
|
Loans
|
Cut-off Date Balance
|
Balance
|
||||||||||||||||||
DSCR (x)
|
Loans |
Cut-off Date Balance
|
Balance
|
32.4 - 39.9
|
4
|
$ 99,186,253
|
9.5
|
% | ||||||||||||||||
1.33 - 1.39
|
7
|
$143,220,071
|
13.8
|
% |
40.0 - 44.9
|
7
|
88,280,408
|
8.5
|
||||||||||||||||
1.40 - 1.49
|
8
|
165,751,383
|
15.9
|
45.0 - 49.9
|
7
|
68,225,378
|
6.6
|
|||||||||||||||||
1.50 - 1.59
|
10
|
161,045,208
|
15.5
|
50.0 - 54.9
|
16
|
415,122,440
|
39.9
|
|||||||||||||||||
1.60 - 1.69
|
7
|
125,579,699
|
12.1
|
55.0 - 59.9
|
13
|
273,888,927
|
26.3
|
|||||||||||||||||
1.70 - 1.79
|
6
|
142,145,816
|
13.7
|
60.0 - 63.3
|
10
|
95,507,114
|
9.2
|
|||||||||||||||||
1.80 - 1.89
|
7
|
64,068,146
|
6.2
|
Total
|
57
|
$1,040,210,521
|
100.0
|
% | ||||||||||||||||
1.90 - 1.99
|
2
|
30,112,366
|
2.9
|
|||||||||||||||||||||
2.00 - 2.09
|
1
|
3,487,661
|
0.3
|
|||||||||||||||||||||
2.10 - 4.78
|
9
|
204,800,172
|
19.7
|
Distribution of Loan Purpose
|
||||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% |
% of
|
|||||||||||||||||||
Number of
|
Initial
|
|||||||||||||||||||||||
Mortgage
|
Pool
|
|||||||||||||||||||||||
Distribution of Amortization Types
|
Loan Purpose
|
Loans
|
Cut-off Date Balance
|
Balance
|
||||||||||||||||||||
% of
|
Refinance
|
35
|
$577,250,670
|
55.5
|
% | |||||||||||||||||||
Number of
|
Initial
|
Acquisition
|
18
|
392,559,022
|
37.7
|
|||||||||||||||||||
Mortgage
|
Cut-off Date
|
Pool
|
Recapitalization
|
3
|
62,400,829
|
6.0
|
||||||||||||||||||
Amortization Type
|
Loans
|
Balance
|
Balance
|
Acquisition/Refinance
|
1
|
8,000,000
|
0.8
|
|||||||||||||||||
Amortizing (30 Years)
|
31
|
$484,207,315
|
46.5
|
% |
Total
|
57
|
$1,040,210,521
|
100.0
|
% | |||||||||||||||
Amortizing (25 Years)
|
17
|
168,713,206
|
16.2
|
|||||||||||||||||||||
Interest Only, Then
|
||||||||||||||||||||||||
Amortizing
|
5
|
241,850,000
|
23.3
|
Distribution of Mortgage Interest Rates
|
||||||||||||||||||||
Interest Only
|
3
|
117,715,000
|
11.3
|
% of
|
||||||||||||||||||||
Interest Only - ARD
|
1
|
27,725,000
|
2.7
|
Number of
|
Initial
|
|||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% |
Range of Mortgage
|
Mortgage
|
Pool
|
|||||||||||||||||
Interest Rates (%)
|
Loans
|
Cut-off Date Balance
|
Balance
|
|||||||||||||||||||||
3.700 - 3.999
|
1
|
$12,270,000
|
1.2
|
% | ||||||||||||||||||||
Distribution of Lockboxes
|
4.250 - 4.499
|
2
|
55,383,386
|
5.3
|
||||||||||||||||||||
% of
|
4.500 - 4.749
|
8
|
105,789,192
|
10.2
|
||||||||||||||||||||
Number of
|
Initial
|
4.750 - 4.999
|
18
|
452,813,924
|
43.5
|
|||||||||||||||||||
Mortgage
|
Cut-off Date
|
Pool
|
5.000 - 5.249
|
12
|
282,891,294
|
27.2
|
||||||||||||||||||
Lockbox Type
|
Loans
|
Balance
|
Balance
|
5.250 - 5.499
|
11
|
86,617,091
|
8.3
|
|||||||||||||||||
Hard
|
25
|
$712,395,194
|
68.5
|
% |
5.500 - 5.749
|
2
|
19,825,865
|
1.9
|
||||||||||||||||
Springing
|
26
|
230,971,698
|
22.2
|
5.750 - 5.900
|
3
|
24,619,769
|
2.4
|
|||||||||||||||||
Soft
|
6
|
96,843,629
|
9.3
|
Total
|
57
|
$1,040,210,521
|
100.0
|
% | ||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% |
Distribution of Debt Yield on Underwritten NOI
|
Distribution of Original Amortization Terms
|
|||||||||||||||||||||||
% of
|
% of
|
|||||||||||||||||||||||
Range of
|
Number of
|
Initial
|
Original
|
Number of
|
Initial
|
|||||||||||||||||||
Debt Yields on
|
Mortgage
|
Pool
|
Amortization
|
Mortgage
|
Pool
|
|||||||||||||||||||
Underwritten NOI (%)
|
Loans
|
Cut-off Date Balance
|
Balance
|
Terms (months)
|
Loans
|
Cut-off Date Balance
|
Balance
|
|||||||||||||||||
8.1 - 9.9
|
7
|
$128,727,588
|
12.4
|
% |
Interest Only
|
4
|
$145,440,000
|
14.0
|
% | |||||||||||||||
10.0 - 10.9
|
16
|
319,765,776
|
30.7
|
300
|
17
|
168,713,206
|
16.2
|
|||||||||||||||||
11.0 - 11.9
|
11
|
279,266,095
|
26.8
|
360
|
36
|
726,057,315
|
69.8
|
|||||||||||||||||
12.0 - 12.9
|
5
|
110,294,166
|
10.6
|
Total
|
57
|
$1,040,210,521
|
100.0
|
% | ||||||||||||||||
13.0 - 13.9
|
4
|
33,469,936
|
3.2
|
|||||||||||||||||||||
14.0 - 14.9
|
4
|
43,696,470
|
4.2
|
|||||||||||||||||||||
15.0 - 15.9
|
4
|
58,066,489
|
5.6
|
Distribution of Remaining Amortization Terms
|
||||||||||||||||||||
16.0 - 19.5
|
6
|
66,924,000
|
6.4
|
Range of
|
% of
|
|||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% |
Remaining
|
Number of
|
Initial
|
|||||||||||||||||
Amortization
|
Mortgage
|
Pool
|
||||||||||||||||||||||
Terms (months)
|
Loans
|
Cut-off Date Balance
|
Balance
|
|||||||||||||||||||||
Distribution of Debt Yield on Underwritten NCF
|
Interest Only
|
4
|
$145,440,000
|
14.0
|
% | |||||||||||||||||||
% of
|
296 - 300
|
17
|
168,713,206
|
16.2
|
||||||||||||||||||||
Range of
|
Number of
|
Initial
|
301 – 360
|
36
|
726,057,315
|
69.8
|
||||||||||||||||||
Debt Yields on
|
Mortgage
|
Pool
|
Total
|
57
|
$1,040,210,521
|
100.0
|
% | |||||||||||||||||
Underwritten NCF (%)
|
Loans
|
Cut-off Date Balance
|
Balance
|
|||||||||||||||||||||
8.0 - 8.9
|
3
|
98,535,504
|
9.5
|
% |
Distribution of Prepayment Provisions
|
|||||||||||||||||||
9.0 - 9.9
|
8
|
201,750,212
|
19.4
|
% of
|
||||||||||||||||||||
10.0 - 10.9
|
21
|
413,317,611
|
39.7
|
Number of
|
Initial
|
|||||||||||||||||||
11.0 - 11.9
|
10
|
149,756,970
|
14.4
|
Prepayment
|
Mortgage
|
Pool
|
||||||||||||||||||
12.0 - 12.9
|
5
|
81,014,452
|
7.8
|
Provision
|
Loans
|
Cut-off Date Balance
|
Balance
|
|||||||||||||||||
13.0 - 13.9
|
3
|
22,747,687
|
2.2
|
Defeasance
|
50
|
$708,384,447
|
68.1
|
% | ||||||||||||||||
14.0 - 17.9
|
7
|
73,088,086
|
7.0
|
Defeasance or Yield
|
||||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% |
Maintenance
|
3
|
202,593,050
|
19.5
|
||||||||||||||||
Yield Maintenance
|
4
|
129,233,024
|
12.4
|
|||||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% | ||||||||||||||||||||
Mortgage Loans with Original Partial Interest Only Periods
|
||||||||||||||||||||||||
Original Partial
|
Number of
|
% of Initial
|
Distribution of Escrow Types
|
|||||||||||||||||||||
Interest Only
|
Mortgage
|
Cut-off Date
|
Pool
|
% of
|
||||||||||||||||||||
Period (months)
|
Loans
|
Balance
|
Balance
|
Number of
|
Initial
|
|||||||||||||||||||
24
|
4
|
$150,850,000
|
14.5
|
% |
Mortgage
|
Pool
|
||||||||||||||||||
36
|
1
|
$91,000,000
|
8.7
|
% |
Escrow Type
|
Loans
|
Cut-off Date Balance
|
Balance
|
||||||||||||||||
Real Estate Tax
|
53
|
$983,129,826
|
94.5
|
% | ||||||||||||||||||||
Distribution of Original Terms to Maturity/ARD
|
Replacement
|
|||||||||||||||||||||||
% of
|
Reserves(1)
|
52
|
$964,573,556
|
92.7
|
||||||||||||||||||||
Original Term to
|
Number of
|
Initial
|
Insurance
|
45
|
$766,508,850
|
73.7
|
||||||||||||||||||
Maturity/ARD
|
Mortgage
|
Pool
|
TI/LC(2)
|
19
|
$578,177,175
|
84.0
|
||||||||||||||||||
(months)
|
Loans
|
Cut-off Date Balance
|
Balance
|
(1) Includes mortgage loans with FF&E reserves.
|
||||||||||||||||||||
60
|
7
|
$178,355,149
|
17.1
|
% |
(2) Percentage of total office, retail, and mixed use properties only.
|
|||||||||||||||||||
84
|
1
|
27,725,000
|
2.7
|
|||||||||||||||||||||
120
|
49
|
834,130,372
|
80.2
|
|||||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% | ||||||||||||||||||||
Distribution of Remaining Terms to Maturity/ARD
|
||||||||||||||||||||||||
Range of
|
% of
|
|||||||||||||||||||||||
Remaining Terms
|
Number of
|
Initial
|
||||||||||||||||||||||
to Maturity/ARD
|
Mortgage
|
Pool
|
||||||||||||||||||||||
(months)
|
Loans
|
Cut-off Date Balance
|
Balance
|
|||||||||||||||||||||
49 - 60
|
7
|
$178,355,149
|
17.1
|
% | ||||||||||||||||||||
49 - 84
|
1
|
27,725,000
|
2.7
|
|||||||||||||||||||||
85 - 120
|
49
|
834,130,372
|
80.2
|
|||||||||||||||||||||
Total
|
57
|
$1,040,210,521
|
100.0
|
% |
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