FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-228597-04 | ||
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FREE WRITING PROSPECTUS, DATED November 19, 2019
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-228597) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC 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 SEC website at www.sec.gov. Alternatively, the depositor, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Academy Securities Inc., Drexel Hamilton, LLC, or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.
The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
The information in this File is preliminary and may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.
The securities related to this File materials are being offered when, as and if issued. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicer, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, the risk retention consultation parties, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates. Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.
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 that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Related Group | Crossed Group | Address | City | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | NAP | NAP | 899 West Evelyn Avenue | Mountain View | California | 94041 | Office | Suburban | 2013 | NAP |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | NAP | NAP | 7201, 7207, 7345, 7349, 8001, 8105, 8201, 8203, 8209, 8335, 8405, 8501 & 8505 IBM Drive | Charlotte | North Carolina | 28262 | Office | Suburban | 1979-2013 | 2011 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | NAP | NAP | 2029 & 2049 Century Park East | Los Angeles | California | 90067 | Office | CBD | 1975 | 2015 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | NAP | NAP | Various | Various | ||||||
4.01 | Property | Londonderry / Manufacturing | 30 Jack’s Bridge Road | Londonderry | New Hampshire | 03053 | Industrial | Manufacturing | 2007 | NAP | |||||
4.02 | Property | Dartmouth / Manufacturing | 7 Ledgewood Boulevard | North Dartmouth | Massachusetts | 02747 | Industrial | Manufacturing | 1999 | NAP | |||||
4.03 | Property | Waltham Corporate | 1400 Main Street | Waltham | Massachusetts | 02451 | Office | Suburban | 2000 | NAP | |||||
4.04 | Property | Woburn | 27-33 Commonwealth Avenue | Woburn | Massachusetts | 01801 | Industrial | Warehouse/Distribution | 1989 | NAP | |||||
4.05 | Property | Nashua | 90 Northeastern Boulevard | Nashua | New Hampshire | 03062 | Industrial | Warehouse/Distribution | 2006 | NAP | |||||
4.06 | Property | Woburn CPD | 35 Commonwealth Avenue | Woburn | Massachusetts | 01801 | Industrial | Warehouse/Distribution | 1989 | NAP | |||||
4.07 | Property | (West) Bridgewater | 10 Turnpike Street | West Bridgewater | Massachusetts | 02379 | Industrial | Warehouse | 2005 | NAP | |||||
4.08 | Property | Manchester, NH | 344 East Industrial Park Drive | Manchester | New Hampshire | 03109 | Industrial | Warehouse/Distribution | 2003 | NAP | |||||
4.09 | Property | Norwalk 256 | 256-258 Martin Luther King Drive | Norwalk | Connecticut | 06854 | Industrial | Warehouse/Distribution | 1972 | NAP | |||||
4.10 | Property | New London | 1096 Hartford Turnpike | Waterford | Connecticut | 06385 | Industrial | Warehouse/Distribution | 2008 | NAP | |||||
4.11 | Property | East Haven | 221 Commerce Street | East Haven | Connecticut | 06512 | Industrial | Warehouse/Distribution | 2005 | NAP | |||||
4.12 | Property | Lincoln | 21 Wellington Road | Lincoln | Rhode Island | 02865 | Industrial | Warehouse/Distribution | 2003 | NAP | |||||
4.13 | Property | Bethlehem | 2000 City Line Road | Bethlehem | Pennsylvania | 18017 | Industrial | Warehouse/Distribution | 1973 | 2005 | |||||
4.14 | Property | Salem | 4 Raymond Avenue | Salem | New Hampshire | 03079 | Industrial | Warehouse/Distribution | 2001 | NAP | |||||
4.15 | Property | Norwalk 260 | 260 Martin Luther King Drive | Norwalk | Connecticut | 06854 | Industrial | Warehouse/Distribution | 1974 | NAP | |||||
4.16 | Property | Berlin | 272 Woodlawn Road | Berlin | Connecticut | 06037 | Industrial | Warehouse/Distribution | 1994 | NAP | |||||
4.17 | Property | Dartmouth | 965 Reed Road | Dartmouth | Massachusetts | 02747 | Industrial | Warehouse | 1974 | 2004 | |||||
4.18 | Property | Manchester, CT | 730 Parker Street | Manchester | Connecticut | 06042 | Industrial | Warehouse/Distribution | 1996 | NAP | |||||
4.19 | Property | Portland | 401 Riverside Street | Portland | Maine | 04103 | Industrial | Warehouse/Distribution | 1976 | 2003 | |||||
4.20 | Property | Braintree | 320 Wood Road | Braintree | Massachusetts | 02184 | Industrial | Warehouse/Distribution | 1986 | NAP | |||||
4.21 | Property | Warwick | 45 Lori Ann Way | Warwick | Rhode Island | 02886 | Industrial | Warehouse/Distribution | 1997 | NAP | |||||
4.22 | Property | Fitchburg | 133 Benson Street | Fitchburg | Massachusetts | 01420 | Industrial | Warehouse | 1983 | NAP | |||||
4.23 | Property | Auburn | 300 Washington Street | Auburn | Massachusetts | 01501 | Industrial | Warehouse/Distribution | 1983 | 2006 | |||||
4.24 | Property | Berlin CPD | 230 Woodlawn Road | Berlin | Connecticut | 06037 | Industrial | Warehouse/Distribution | 1977 | NAP | |||||
4.25 | Property | Portsmouth | 240 West Road | Portsmouth | New Hampshire | 03801 | Industrial | Warehouse/Distribution | 1985 | 1999 | |||||
4.26 | Property | Southampton | 99 Buck Road | Huntingdon Valley | Pennsylvania | 19006 | Industrial | Warehouse/Distribution | 1971 | 2009 | |||||
4.27 | Property | Wilkes-Barre | 936 Rutter Avenue | Forty Fort | Pennsylvania | 18704 | Industrial | Warehouse/Distribution | 1950 | 1999 | |||||
4.28 | Property | Hyannis | 186 Breeds Hill Road | Hyannis | Massachusetts | 02601 | Industrial | Warehouse | 1986 | 2002 | |||||
4.29 | Property | Springfield | 175 Carando Drive | Springfield | Massachusetts | 01104 | Industrial | Warehouse | 1989 | NAP | |||||
4.30 | Property | White River Junction | 1354 North Hartland Road | White River Junction | Vermont | 05001 | Industrial | Warehouse/Distribution | 1981 | 2001 | |||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | NAP | NAP | 3601 Rigby Road | Miamisburg | Ohio | 45342 | Mixed Use | Office/Retail | 2010 | NAP |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | NAP | NAP | 20351-20423 North Rand Road | Kildeer | Illinois | 60074 | Retail | Anchored | 2017 | NAP |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | NAP | NAP | 5105 South Harper Avenue | Chicago | Illinois | 60615 | Mixed Use | Multifamily/Retail | 2015 | NAP |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | NAP | NAP | Various | Various | ||||||
8.01 | Property | 199 Avenue B Northwest | 199 Avenue B Northwest | Winter Haven | Florida | 33881 | Office | Suburban | 1975 | NAP | |||||
8.02 | Property | 200 Avenue B Northwest | 200 Avenue B Northwest | Winter Haven | Florida | 33881 | Office | Suburban | 1971 | 2015-2019 | |||||
8.03 | Property | 331 West Central Avenue | 331 West Central Avenue | Winter Haven | Florida | 33880 | Mixed Use | Retail/Office | 1920, 1926 | 2015-2019 | |||||
8.04 | Property | 300 3rd Street Southwest | 300-324 3rd Street Southwest and 236 Avenue C Southwest | Winter Haven | Florida | 33880 | Retail | Unanchored | 1940, 1956 | 2016 | |||||
8.05 | Property | 250 3rd Street Northwest | 250 3rd Street Northwest | Winter Haven | Florida | 33881 | Mixed Use | Office/Multifamily | 2003 | NAP | |||||
8.06 | Property | 203 Avenue A Northwest | 203 Avenue A Northwest | Winter Haven | Florida | 33881 | Office | Suburban | 1989 | NAP | |||||
8.07 | Property | 337 West Central Avenue | 337 West Central Avenue | Winter Haven | Florida | 33880 | Mixed Use | Retail/Office | 1914 | 2015-2019 | |||||
8.08 | Property | 401 3rd Street Southwest | 401 3rd Street Southwest | Winter Haven | Florida | 33880 | Office | Suburban | 1972 | 2018 | |||||
8.09 | Property | 242 West Central Avenue | 242 West Central Avenue | Winter Haven | Florida | 33880 | Office | Suburban | 1938 | 2012 | |||||
8.10 | Property | 56 - 58 4th Street Northwest | 56-58 4th Street Northwest | Winter Haven | Florida | 33881 | Mixed Use | Office/Retail | 1926 | 2015 | |||||
8.11 | Property | 245 West Central Avenue | 245-255 West Central Avenue | Winter Haven | Florida | 33880 | Mixed Use | Retail/Office | 1940, 1947 | NAP | |||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | 48 3rd Street Northwest | Winter Haven | Florida | 33881 | Retail | Unanchored | 1925 | 2015-2019 | |||||
8.13 | Property | 249 3rd Street Southwest | 249 3rd Street Southwest | Winter Haven | Florida | 33880 | Mixed Use | Retail/Office | 1969 | 2011 | |||||
8.14 | Property | 254 West Central Avenue | 254 West Central Avenue | Winter Haven | Florida | 33880 | Mixed Use | Retail/Multifamily | 1924 | 2015-2019 | |||||
8.15 | Property | 226 West Central Avenue | 226 West Central Avenue | Winter Haven | Florida | 33880 | Retail | Single Tenant Retail | 1947 | 2015-2019 | |||||
8.16 | Property | 225 Avenue D Northwest | 225 Avenue D Northwest | Winter Haven | Florida | 33881 | Office | Suburban | 1975 | 2015-2019 | |||||
8.17 | Property | 305 Avenue E Southwest | 305 Avenue E Southwest | Winter Haven | Florida | 33880 | Office | Suburban | 1985 | 2019 | |||||
8.18 | Property | 230 West Central Avenue | 230 West Central Avenue | Winter Haven | Florida | 33880 | Office | Suburban | 1937 | 2013 | |||||
8.19 | Property | 220 West Central Avenue | 220 West Central Avenue | Winter Haven | Florida | 33880 | Retail | Single Tenant Retail | 1963 | 2015-2019 | |||||
8.20 | Property | 239 3rd Street Southwest | 239 3rd Street Southwest | Winter Haven | Florida | 33880 | Retail | Single Tenant Retail | 1962 | 2016 | |||||
8.21 | Property | 243 3rd Street Southwest | 243-245 3rd Street Southwest | Winter Haven | Florida | 33880 | Retail | Unanchored | 1958 | NAP | |||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | NAP | NAP | 7900 Tysons One Place | McLean | Virginia | 22102 | Office | Suburban | 2014 | NAP |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | NAP | NAP | 1843 Village West Parkway | Kansas City | Kansas | 66111 | Retail | Anchored | 2005 | 2019 |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | Group 1 | NAP | Multifamily | Mid Rise | ||||||
11.01 | Property | 137 West 141st Street | 137 West 141st Street | New York | New York | 10030 | Multifamily | Mid Rise | 1910 | NAP | |||||
11.02 | Property | 117 West 141st Street | 117 West 141st Street | New York | New York | 10030 | Multifamily | Mid Rise | 1910 | NAP | |||||
11.03 | Property | 127 West 141st Street | 127 West 141st Street | New York | New York | 10030 | Multifamily | Mid Rise | 1910 | NAP | |||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | NAP | NAP | 2100 North Elston Avenue | Chicago | Illinois | 60614 | Retail | Anchored | 2004 | NAP |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | NAP | NAP | 600 & 620 National Avenue | Mountain View | California | 94043 | Office | Suburban | 2017 | NAP |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | NAP | NAP | 125 Delancey Street | New York | New York | 10002 | Mixed Use | Multifamily/Retail | 2019 | NAP |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | NAP | NAP | 1669 Iris Drive Southeast | Conyers | Georgia | 30013 | Multifamily | Garden | 1988 | 2014 | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | NAP | NAP | Mixed Use | Office/Laboratory | ||||||
16.01 | Property | 610 Main Street North | 610 Main Street | Cambridge | Massachusetts | 02139 | Mixed Use | Office/Laboratory | 2016 | NAP | |||||
16.02 | Property | 1 Portland Street | 1 Portland Street | Cambridge | Massachusetts | 02139 | Mixed Use | Office/Laboratory | 2013 | NAP | |||||
16.03 | Property | 700 Main Street | 700 Main Street | Cambridge | Massachusetts | 02139 | Mixed Use | Office/Laboratory | Late 1800s | 2002, 2012 | |||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | NAP | NAP | 3120, 3150 & 3180 139th Avenue Southeast | Bellevue | Washington | 98005 | Office | Suburban | 1999, 2000 | 2016-2019 |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | NAP | NAP | 35 West Fifth Street | Cincinnati | Ohio | 45202 | Hospitality | Full Service | 1931 | 1981, 2004, 2013 |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | NAP | NAP | 3505 West Sam Houston Parkway North | Houston | Texas | 77043 | Office | Suburban | 2013 | NAP |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | NAP | NAP | 3808 Crystal Lake Drive | Deerfield Beach | Florida | 33064 | Multifamily | Mid Rise | 2018 | NAP |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | NAP | NAP | 2817-2825 3rd Avenue | Bronx | New York | 10455 | Mixed Use | Office/Retail | 1991 | 2011-2019 |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | NAP | NAP | 2030 & 2040 Glade Road and 5311 & 5323 William D Tate Avenue | Grapevine | Texas | 76051 | Retail | Anchored | 1998 | NAP | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | Group 1 | NAP | Multifamily | Mid Rise | |||||||
23.01 | Property | 79-85 Fairview Avenue | 79-85 Fairview Avenue | New York | New York | 10040 | Multifamily | Mid Rise | 1928 | NAP | |||||
23.02 | Property | 649 West 184th Street | 649 West 184th Street | New York | New York | 10040 | Multifamily | Mid Rise | 1925 | NAP | |||||
23.03 | Property | 325 Wadsworth Avenue | 325 Wadsworth Avenue | New York | New York | 10040 | Multifamily | Mid Rise | 1920 | NAP | |||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | NAP | NAP | 6519 Arena Boulevard | Laredo | Texas | 78041 | Hospitality | Extended Stay | 2015 | NAP | |
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | NAP | NAP | 15557-15609 West Bell Road | Surprise | Arizona | 85374 | Retail | Anchored | 2006 | NAP |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | NAP | NAP | 110-120 Hale Road | Manchester | Connecticut | 06042 | Retail | Anchored | 1994, 2001 | 2014 | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | NAP | NAP | 4536 Spruce Street | Philadelphia | Pennsylvania | 19139 | Mixed Use | Multifamily/Office | 2019 | NAP |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | NAP | NAP | 44-985 Province Way | Indian Wells | California | 92210 | Hospitality | Full Service | 1959 | 2017-2018 |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | NAP | NAP | 1400 Westgate Center Drive and 1551 & 1590 Westbrook Plaza Drive | Winston Salem | North Carolina | 27103 | Office | Suburban | 1994, 1997, 2000 | NAP |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | NAP | NAP | 435 West 54th Street | New York | New York | 10019 | Multifamily | Mid Rise | 1901 | NAP |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | NAP | NAP | 111 Tibet Avenue | Savannah | Georgia | 31406 | Self Storage | Self Storage | 1977 | NAP | |
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | NAP | NAP | 305 Mountain Avenue | Hackettstown | New Jersey | 07840 | Other | Leased Fee | 2018 | NAP |
Page 1 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Units, Pads, Rooms, SF | Unit Description | Loan Per Unit ($) | Ownership Interest | Original Balance ($) | Cut-off Date Balance ($) | Allocated Cut-off Date Loan Amount ($) | % of Initial Pool Balance | Balloon Balance ($) | Mortgage Loan Rate (%) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 75,475 | SF | 993.71 | Fee Simple | 75,000,000 | 75,000,000 | 75,000,000 | 8.9% | 75,000,000 | 3.23600% |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 1,854,729 | SF | 98.26 | Fee Simple | 67,250,000 | 67,250,000 | 67,250,000 | 7.9% | 67,250,000 | 3.50500% |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 2,401,641 | SF | 374.74 | Fee Simple | 62,500,000 | 62,500,000 | 62,500,000 | 7.4% | 62,500,000 | 3.00450% |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 2,046,119 | SF | 78.20 | Fee Simple | 50,000,000 | 50,000,000 | 50,000,000 | 5.9% | 45,234,779 | 3.82000% |
4.01 | Property | Londonderry / Manufacturing | 376,294 | SF | Fee Simple | 9,656,250 | 1.1% | ||||||||
4.02 | Property | Dartmouth / Manufacturing | 235,239 | SF | Fee Simple | 5,625,000 | 0.7% | ||||||||
4.03 | Property | Waltham Corporate | 54,400 | SF | Fee Simple | 4,898,438 | 0.6% | ||||||||
4.04 | Property | Woburn | 76,054 | SF | Fee Simple | 2,796,875 | 0.3% | ||||||||
4.05 | Property | Nashua | 111,594 | SF | Fee Simple | 2,062,500 | 0.2% | ||||||||
4.06 | Property | Woburn CPD | 59,800 | SF | Fee Simple | 2,000,000 | 0.2% | ||||||||
4.07 | Property | (West) Bridgewater | 81,776 | SF | Fee Simple | 1,746,875 | 0.2% | ||||||||
4.08 | Property | Manchester, NH | 81,747 | SF | Fee Simple | 1,625,000 | 0.2% | ||||||||
4.09 | Property | Norwalk 256 | 40,232 | SF | Fee Simple | 1,500,000 | 0.2% | ||||||||
4.10 | Property | New London | 70,642 | SF | Fee Simple | 1,406,250 | 0.2% | ||||||||
4.11 | Property | East Haven | 70,089 | SF | Fee Simple | 1,346,875 | 0.2% | ||||||||
4.12 | Property | Lincoln | 80,240 | SF | Fee Simple | 1,300,000 | 0.2% | ||||||||
4.13 | Property | Bethlehem | 71,091 | SF | Fee Simple | 1,218,750 | 0.1% | ||||||||
4.14 | Property | Salem | 58,286 | SF | Fee Simple | 1,218,750 | 0.1% | ||||||||
4.15 | Property | Norwalk 260 | 30,000 | SF | Fee Simple | 1,198,438 | 0.1% | ||||||||
4.16 | Property | Berlin | 43,796 | SF | Fee Simple | 1,109,375 | 0.1% | ||||||||
4.17 | Property | Dartmouth | 63,117 | SF | Fee Simple | 1,096,875 | 0.1% | ||||||||
4.18 | Property | Manchester, CT | 49,175 | SF | Fee Simple | 873,438 | 0.1% | ||||||||
4.19 | Property | Portland | 48,145 | SF | Fee Simple | 843,750 | 0.1% | ||||||||
4.20 | Property | Braintree | 32,531 | SF | Fee Simple | 828,125 | 0.1% | ||||||||
4.21 | Property | Warwick | 43,899 | SF | Fee Simple | 771,875 | 0.1% | ||||||||
4.22 | Property | Fitchburg | 39,433 | SF | Fee Simple | 656,250 | 0.1% | ||||||||
4.23 | Property | Auburn | 37,132 | SF | Fee Simple | 643,750 | 0.1% | ||||||||
4.24 | Property | Berlin CPD | 28,163 | SF | Fee Simple | 640,625 | 0.1% | ||||||||
4.25 | Property | Portsmouth | 31,470 | SF | Fee Simple | 625,000 | 0.1% | ||||||||
4.26 | Property | Southampton | 36,421 | SF | Fee Simple | 537,500 | 0.1% | ||||||||
4.27 | Property | Wilkes-Barre | 32,200 | SF | Fee Simple | 500,000 | 0.1% | ||||||||
4.28 | Property | Hyannis | 24,070 | SF | Fee Simple | 484,375 | 0.1% | ||||||||
4.29 | Property | Springfield | 25,347 | SF | Fee Simple | 467,188 | 0.1% | ||||||||
4.30 | Property | White River Junction | 13,736 | SF | Fee Simple | 321,875 | 0.0% | ||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 834,510 | SF | 106.35 | Fee Simple | 50,000,000 | 50,000,000 | 50,000,000 | 5.9% | 46,122,824 | 3.98000% |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 199,245 | SF | 240.41 | Fee Simple | 47,900,000 | 47,900,000 | 47,900,000 | 5.7% | 47,900,000 | 3.95470% |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 180 | Units | 622,222.22 | Fee Simple | 47,000,000 | 47,000,000 | 47,000,000 | 5.6% | 43,144,854 | 4.70000% |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 385,612 | SF | 101.14 | Fee Simple | 39,000,000 | 39,000,000 | 39,000,000 | 4.6% | 35,623,257 | 4.39000% |
8.01 | Property | 199 Avenue B Northwest | 158,724 | SF | Fee Simple | 18,007,563 | 2.1% | ||||||||
8.02 | Property | 200 Avenue B Northwest | 53,893 | SF | Fee Simple | 4,375,473 | 0.5% | ||||||||
8.03 | Property | 331 West Central Avenue | 31,225 | SF | Fee Simple | 3,111,291 | 0.4% | ||||||||
8.04 | Property | 300 3rd Street Southwest | 15,935 | SF | Fee Simple | 1,573,204 | 0.2% | ||||||||
8.05 | Property | 250 3rd Street Northwest | 16,446 | SF | Fee Simple | 1,566,180 | 0.2% | ||||||||
8.06 | Property | 203 Avenue A Northwest | 22,364 | SF | Fee Simple | 1,538,088 | 0.2% | ||||||||
8.07 | Property | 337 West Central Avenue | 11,140 | SF | Fee Simple | 1,222,042 | 0.1% | ||||||||
8.08 | Property | 401 3rd Street Southwest | 8,943 | SF | Fee Simple | 1,172,880 | 0.1% | ||||||||
8.09 | Property | 242 West Central Avenue | 8,017 | SF | Fee Simple | 934,090 | 0.1% | ||||||||
8.10 | Property | 56 - 58 4th Street Northwest | 8,358 | SF | Fee Simple | 905,997 | 0.1% | ||||||||
8.11 | Property | 245 West Central Avenue | 7,125 | SF | Fee Simple | 835,764 | 0.1% | ||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | 7,633 | SF | Fee Simple | 667,207 | 0.1% | ||||||||
8.13 | Property | 249 3rd Street Southwest | 5,775 | SF | Fee Simple | 611,021 | 0.1% | ||||||||
8.14 | Property | 254 West Central Avenue | 6,493 | SF | Fee Simple | 512,696 | 0.1% | ||||||||
8.15 | Property | 226 West Central Avenue | 3,125 | SF | Fee Simple | 400,324 | 0.0% | ||||||||
8.16 | Property | 225 Avenue D Northwest | 5,808 | SF | Fee Simple | 337,115 | 0.0% | ||||||||
8.17 | Property | 305 Avenue E Southwest | 4,889 | SF | Fee Simple | 316,045 | 0.0% | ||||||||
8.18 | Property | 230 West Central Avenue | 2,506 | SF | Fee Simple | 294,976 | 0.0% | ||||||||
8.19 | Property | 220 West Central Avenue | 3,264 | SF | Fee Simple | 287,952 | 0.0% | ||||||||
8.20 | Property | 239 3rd Street Southwest | 2,000 | SF | Fee Simple | 203,674 | 0.0% | ||||||||
8.21 | Property | 243 3rd Street Southwest | 1,949 | SF | Fee Simple | 126,418 | 0.0% | ||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 528,730 | SF | 359.35 | Fee Simple | 35,000,000 | 35,000,000 | 35,000,000 | 4.1% | 35,000,000 | 3.33000% |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 702,750 | SF | 170.51 | Fee Simple | 35,000,000 | 34,948,301 | 34,948,301 | 4.1% | 31,690,606 | 3.86000% |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 147 | Units | 208,843.54 | Fee Simple | 30,700,000 | 30,700,000 | 30,700,000 | 3.6% | 30,700,000 | 3.74000% |
11.01 | Property | 137 West 141st Street | 49 | Units | Fee Simple | 10,855,000 | 1.3% | ||||||||
11.02 | Property | 117 West 141st Street | 48 | Units | Fee Simple | 10,270,000 | 1.2% | ||||||||
11.03 | Property | 127 West 141st Street | 50 | Units | Fee Simple | 9,575,000 | 1.1% | ||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 178,704 | SF | 390.91 | Fee Simple | 30,000,000 | 29,938,639 | 29,938,639 | 3.5% | 21,298,164 | 3.65000% |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 151,064 | SF | 912.86 | Fee Simple | 28,950,000 | 28,950,000 | 28,950,000 | 3.4% | 28,950,000 | 3.68800% |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 195 | Units | 600,000.00 | Fee Simple | 25,000,000 | 25,000,000 | 25,000,000 | 3.0% | 25,000,000 | 2.75900% |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 376 | Units | 62,061.17 | Fee Simple | 23,335,000 | 23,335,000 | 23,335,000 | 2.8% | 23,335,000 | 3.76000% | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 676,947 | SF | 635.20 | Leasehold | 20,000,000 | 20,000,000 | 20,000,000 | 2.4% | 20,000,000 | 3.79700% |
16.01 | Property | 610 Main Street North | 278,738 | SF | Leasehold | 8,073,043 | 1.0% | ||||||||
16.02 | Property | 1 Portland Street | 229,330 | SF | Leasehold | 7,130,435 | 0.8% | ||||||||
16.03 | Property | 700 Main Street | 168,879 | SF | Leasehold | 4,796,522 | 0.6% | ||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 464,061 | SF | 323.23 | Fee Simple | 20,000,000 | 20,000,000 | 20,000,000 | 2.4% | 20,000,000 | 3.25000% |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 561 | Rooms | 129,088.02 | Fee Simple | 20,000,000 | 19,977,484 | 19,977,484 | 2.4% | 18,543,206 | 5.35000% |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 227,045 | SF | 194.39 | Fee Simple | 18,200,000 | 18,173,249 | 18,173,249 | 2.1% | 14,399,262 | 3.88800% |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | 125 | Units | 140,000.00 | Fee Simple | 17,500,000 | 17,500,000 | 17,500,000 | 2.1% | 17,500,000 | 3.77900% |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 56,900 | SF | 246.05 | Fee Simple | 14,000,000 | 14,000,000 | 14,000,000 | 1.7% | 14,000,000 | 3.71000% |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 121,484 | SF | 106.19 | Fee Simple | 12,900,000 | 12,900,000 | 12,900,000 | 1.5% | 9,302,039 | 4.04000% | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 69 | Units | 173,913.04 | Fee Simple | 12,000,000 | 12,000,000 | 12,000,000 | 1.4% | 12,000,000 | 3.89000% | |
23.01 | Property | 79-85 Fairview Avenue | 24 | Units | Fee Simple | 4,542,314 | 0.5% | ||||||||
23.02 | Property | 649 West 184th Street | 20 | Units | Fee Simple | 4,087,326 | 0.5% | ||||||||
23.03 | Property | 325 Wadsworth Avenue | 25 | Units | Fee Simple | 3,370,359 | 0.4% | ||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 124 | Rooms | 94,274.19 | Fee Simple | 11,690,000 | 11,690,000 | 11,690,000 | 1.4% | 9,805,732 | 3.85000% | |
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 64,071 | SF | 159.73 | Fee Simple | 10,250,000 | 10,234,343 | 10,234,343 | 1.2% | 8,044,397 | 3.67000% |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 111,933 | SF | 72.94 | Fee Simple | 8,177,000 | 8,164,476 | 8,164,476 | 1.0% | 6,413,869 | 3.65500% | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 21 | Units | 345,238.10 | Fee Simple | 7,250,000 | 7,250,000 | 7,250,000 | 0.9% | 6,438,457 | 4.07000% |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | 46 | Rooms | 152,173.91 | Fee Simple | 7,000,000 | 7,000,000 | 7,000,000 | 0.8% | 7,000,000 | 3.74500% |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 73,425 | SF | 91.25 | Fee Simple | 6,700,000 | 6,700,000 | 6,700,000 | 0.8% | 6,043,379 | 3.65000% |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 20 | Units | 330,000.00 | Fee Simple | 6,600,000 | 6,600,000 | 6,600,000 | 0.8% | 6,600,000 | 4.20000% |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 55,740 | SF | 80.73 | Fee Simple | 4,500,000 | 4,500,000 | 4,500,000 | 0.5% | 3,893,517 | 4.01000% | |
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | 5,558 | SF | 611.73 | Fee Simple | 3,400,000 | 3,400,000 | 3,400,000 | 0.4% | 3,400,000 | 4.70000% |
Page 2 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Administrative Fee Rate (%) (1) | Net Mortgage Loan Rate (%) | Monthly Debt Service ($) (2) | Annual Debt Service ($) | Pari Companion Loan Monthly Debt Service ($) | Pari Companion Loan Annual Debt Service ($) | Amortization Type | Interest Accrual Method | Seasoning (Mos.) | Original Interest-Only Period (Mos.) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 0.02338% | 3.21262% | 205,059.03 | 2,460,708.36 | Interest Only | Actual/360 | 1 | 120 | ||
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 0.01338% | 3.49162% | 199,154.18 | 2,389,850.16 | 340,561.05 | 4,086,732.60 | Interest Only | Actual/360 | 1 | 120 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 0.01338% | 2.99112% | 158,657.77 | 1,903,893.24 | 2,126,014.11 | 25,512,169.30 | Interest Only | Actual/360 | 1 | 120 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 0.01338% | 3.80662% | 233,548.31 | 2,802,579.72 | 513,806.27 | 6,165,675.24 | Interest Only, Then Amortizing | Actual/360 | 1 | 60 |
4.01 | Property | Londonderry / Manufacturing | |||||||||||||
4.02 | Property | Dartmouth / Manufacturing | |||||||||||||
4.03 | Property | Waltham Corporate | |||||||||||||
4.04 | Property | Woburn | |||||||||||||
4.05 | Property | Nashua | |||||||||||||
4.06 | Property | Woburn CPD | |||||||||||||
4.07 | Property | (West) Bridgewater | |||||||||||||
4.08 | Property | Manchester, NH | |||||||||||||
4.09 | Property | Norwalk 256 | |||||||||||||
4.10 | Property | New London | |||||||||||||
4.11 | Property | East Haven | |||||||||||||
4.12 | Property | Lincoln | |||||||||||||
4.13 | Property | Bethlehem | |||||||||||||
4.14 | Property | Salem | |||||||||||||
4.15 | Property | Norwalk 260 | |||||||||||||
4.16 | Property | Berlin | |||||||||||||
4.17 | Property | Dartmouth | |||||||||||||
4.18 | Property | Manchester, CT | |||||||||||||
4.19 | Property | Portland | |||||||||||||
4.20 | Property | Braintree | |||||||||||||
4.21 | Property | Warwick | |||||||||||||
4.22 | Property | Fitchburg | |||||||||||||
4.23 | Property | Auburn | |||||||||||||
4.24 | Property | Berlin CPD | |||||||||||||
4.25 | Property | Portsmouth | |||||||||||||
4.26 | Property | Southampton | |||||||||||||
4.27 | Property | Wilkes-Barre | |||||||||||||
4.28 | Property | Hyannis | |||||||||||||
4.29 | Property | Springfield | |||||||||||||
4.30 | Property | White River Junction | |||||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 0.01338% | 3.96662% | 192,191.71 | 2,306,300.52 | 148,948.58 | 1,787,382.96 | Amortizing | 30/360 | 0 | 0 |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 0.02338% | 3.93132% | 160,050.92 | 1,920,611.04 | Interest Only | Actual/360 | 1 | 120 | ||
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 0.01338% | 4.68662% | 243,759.77 | 2,925,117.24 | 337,114.58 | 4,045,374.96 | Interest Only, Then Amortizing | Actual/360 | 2 | 60 |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 0.01338% | 4.37662% | 195,066.45 | 2,340,797.40 | Interest Only, Then Amortizing | Actual/360 | 1 | 60 | ||
8.01 | Property | 199 Avenue B Northwest | |||||||||||||
8.02 | Property | 200 Avenue B Northwest | |||||||||||||
8.03 | Property | 331 West Central Avenue | |||||||||||||
8.04 | Property | 300 3rd Street Southwest | |||||||||||||
8.05 | Property | 250 3rd Street Northwest | |||||||||||||
8.06 | Property | 203 Avenue A Northwest | |||||||||||||
8.07 | Property | 337 West Central Avenue | |||||||||||||
8.08 | Property | 401 3rd Street Southwest | |||||||||||||
8.09 | Property | 242 West Central Avenue | |||||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | |||||||||||||
8.11 | Property | 245 West Central Avenue | |||||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | |||||||||||||
8.13 | Property | 249 3rd Street Southwest | |||||||||||||
8.14 | Property | 254 West Central Avenue | |||||||||||||
8.15 | Property | 226 West Central Avenue | |||||||||||||
8.16 | Property | 225 Avenue D Northwest | |||||||||||||
8.17 | Property | 305 Avenue E Southwest | |||||||||||||
8.18 | Property | 230 West Central Avenue | |||||||||||||
8.19 | Property | 220 West Central Avenue | |||||||||||||
8.20 | Property | 239 3rd Street Southwest | |||||||||||||
8.21 | Property | 243 3rd Street Southwest | |||||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 0.01463% | 3.31537% | 98,473.96 | 1,181,687.52 | 436,098.96 | 5,233,187.52 | Interest Only | Actual/360 | 2 | 120 |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 0.03213% | 3.82787% | 164,282.83 | 1,971,393.96 | 398,972.57 | 4,787,670.84 | Amortizing | Actual/360 | 1 | 0 |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 0.01338% | 3.72662% | 97,010.58 | 1,164,126.96 | Interest Only | Actual/360 | 1 | 120 | ||
11.01 | Property | 137 West 141st Street | |||||||||||||
11.02 | Property | 117 West 141st Street | |||||||||||||
11.03 | Property | 127 West 141st Street | |||||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 0.02338% | 3.62662% | 152,611.28 | 1,831,335.36 | 203,481.70 | 2,441,780.40 | Amortizing | Actual/360 | 1 | 0 |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 0.01338% | 3.67462% | 90,208.74 | 1,082,504.88 | 339,490.21 | 4,073,882.52 | Interest Only | Actual/360 | 3 | 120 |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 0.01338% | 2.74562% | 58,277.49 | 699,329.88 | 214,461.16 | 2,573,533.92 | Interest Only | Actual/360 | 1 | 84 |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 0.01338% | 3.74662% | 74,131.84 | 889,582.08 | Interest Only | Actual/360 | 0 | 120 | |||
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 0.01338% | 3.78362% | 64,162.27 | 769,947.24 | 1,315,326.50 | 15,783,918.04 | Interest Only | Actual/360 | 6 | 120 |
16.01 | Property | 610 Main Street North | |||||||||||||
16.02 | Property | 1 Portland Street | |||||||||||||
16.03 | Property | 700 Main Street | |||||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 0.01338% | 3.23662% | 54,918.98 | 659,027.76 | 356,973.38 | 4,283,680.56 | Interest Only | Actual/360 | 2 | 120 |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 0.01338% | 5.33662% | 111,682.74 | 1,340,192.88 | 293,167.19 | 3,518,006.28 | Amortizing | Actual/360 | 1 | 0 |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 0.02338% | 3.86462% | 85,718.54 | 1,028,622.48 | 122,455.05 | 1,469,460.60 | Amortizing | Actual/360 | 1 | 0 |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | 0.01338% | 3.76562% | 55,875.84 | 670,510.08 | Interest Only | Actual/360 | 0 | 120 | ||
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 0.01338% | 3.69662% | 43,884.49 | 526,613.88 | Interest Only | Actual/360 | 1 | 120 | ||
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 0.01338% | 4.02662% | 68,376.19 | 820,514.28 | Amortizing | Actual/360 | 0 | 0 | |||
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 0.01338% | 3.87662% | 39,440.28 | 473,283.36 | Interest Only | Actual/360 | 1 | 120 | |||
23.01 | Property | 79-85 Fairview Avenue | |||||||||||||
23.02 | Property | 649 West 184th Street | |||||||||||||
23.03 | Property | 325 Wadsworth Avenue | |||||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 0.01338% | 3.83662% | 54,803.68 | 657,644.16 | Interest Only, Then Amortizing | Actual/360 | 2 | 24 | |||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 0.01338% | 3.65662% | 47,005.25 | 564,063.00 | Amortizing | Actual/360 | 1 | 0 | ||
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 0.04338% | 3.61162% | 37,429.52 | 449,154.24 | Amortizing | Actual/360 | 1 | 0 | |||
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 0.01338% | 4.05662% | 34,905.83 | 418,869.96 | Interest Only, Then Amortizing | Actual/360 | 0 | 48 | ||
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | 0.01338% | 3.73162% | 22,149.25 | 265,791.00 | Interest Only | Actual/360 | 1 | 120 | ||
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 0.01338% | 3.63662% | 30,649.79 | 367,797.48 | Interest Only, Then Amortizing | Actual/360 | 1 | 60 | ||
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 0.01338% | 4.18662% | 23,420.83 | 281,049.96 | Interest Only | Actual/360 | 0 | 120 | ||
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 0.01338% | 3.99662% | 21,509.64 | 258,115.68 | Interest Only, Then Amortizing | Actual/360 | 1 | 36 | |||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | 0.01338% | 4.68662% | 13,501.62 | 162,019.44 | Interest Only | Actual/360 | 0 | 120 |
Page 3 of 15
Benchmark 2019-B15 Annex A | ||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | 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.) | Origination Date | Due Date | First Due Date | Last IO Due Date |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 119 | 120 | 119 | 0 | 0 | 10/17/2019 | 6 | 12/6/2019 | 11/6/2029 |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 119 | 120 | 119 | 0 | 0 | 10/18/2019 | 1 | 12/1/2019 | 11/1/2029 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 119 | 120 | 119 | 0 | 0 | 10/21/2019 | 9 | 12/9/2019 | 11/9/2029 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 59 | 120 | 119 | 360 | 360 | 10/21/2019 | 6 | 12/6/2019 | 11/6/2024 |
4.01 | Property | Londonderry / Manufacturing | ||||||||||||
4.02 | Property | Dartmouth / Manufacturing | ||||||||||||
4.03 | Property | Waltham Corporate | ||||||||||||
4.04 | Property | Woburn | ||||||||||||
4.05 | Property | Nashua | ||||||||||||
4.06 | Property | Woburn CPD | ||||||||||||
4.07 | Property | (West) Bridgewater | ||||||||||||
4.08 | Property | Manchester, NH | ||||||||||||
4.09 | Property | Norwalk 256 | ||||||||||||
4.10 | Property | New London | ||||||||||||
4.11 | Property | East Haven | ||||||||||||
4.12 | Property | Lincoln | ||||||||||||
4.13 | Property | Bethlehem | ||||||||||||
4.14 | Property | Salem | ||||||||||||
4.15 | Property | Norwalk 260 | ||||||||||||
4.16 | Property | Berlin | ||||||||||||
4.17 | Property | Dartmouth | ||||||||||||
4.18 | Property | Manchester, CT | ||||||||||||
4.19 | Property | Portland | ||||||||||||
4.20 | Property | Braintree | ||||||||||||
4.21 | Property | Warwick | ||||||||||||
4.22 | Property | Fitchburg | ||||||||||||
4.23 | Property | Auburn | ||||||||||||
4.24 | Property | Berlin CPD | ||||||||||||
4.25 | Property | Portsmouth | ||||||||||||
4.26 | Property | Southampton | ||||||||||||
4.27 | Property | Wilkes-Barre | ||||||||||||
4.28 | Property | Hyannis | ||||||||||||
4.29 | Property | Springfield | ||||||||||||
4.30 | Property | White River Junction | ||||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 0 | 120 | 120 | 600 | 600 | 11/13/2019 | 6 | 1/6/2020 | |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 119 | 120 | 119 | 0 | 0 | 10/28/2019 | 6 | 12/6/2019 | 11/6/2029 |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 58 | 120 | 118 | 360 | 360 | 9/9/2019 | 1 | 11/1/2019 | 10/1/2024 |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 59 | 120 | 119 | 360 | 360 | 11/5/2019 | 6 | 12/6/2019 | 11/6/2024 |
8.01 | Property | 199 Avenue B Northwest | ||||||||||||
8.02 | Property | 200 Avenue B Northwest | ||||||||||||
8.03 | Property | 331 West Central Avenue | ||||||||||||
8.04 | Property | 300 3rd Street Southwest | ||||||||||||
8.05 | Property | 250 3rd Street Northwest | ||||||||||||
8.06 | Property | 203 Avenue A Northwest | ||||||||||||
8.07 | Property | 337 West Central Avenue | ||||||||||||
8.08 | Property | 401 3rd Street Southwest | ||||||||||||
8.09 | Property | 242 West Central Avenue | ||||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | ||||||||||||
8.11 | Property | 245 West Central Avenue | ||||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | ||||||||||||
8.13 | Property | 249 3rd Street Southwest | ||||||||||||
8.14 | Property | 254 West Central Avenue | ||||||||||||
8.15 | Property | 226 West Central Avenue | ||||||||||||
8.16 | Property | 225 Avenue D Northwest | ||||||||||||
8.17 | Property | 305 Avenue E Southwest | ||||||||||||
8.18 | Property | 230 West Central Avenue | ||||||||||||
8.19 | Property | 220 West Central Avenue | ||||||||||||
8.20 | Property | 239 3rd Street Southwest | ||||||||||||
8.21 | Property | 243 3rd Street Southwest | ||||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 118 | 120 | 118 | 0 | 0 | 9/12/2019 | 11 | 11/11/2019 | 10/11/2029 |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 0 | 60 | 59 | 360 | 359 | 10/22/2019 | 6 | 12/6/2019 | |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 119 | 120 | 119 | 0 | 0 | 11/5/2019 | 6 | 12/6/2019 | 11/6/2029 |
11.01 | Property | 137 West 141st Street | ||||||||||||
11.02 | Property | 117 West 141st Street | ||||||||||||
11.03 | Property | 127 West 141st Street | ||||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 0 | 120 | 119 | 300 | 299 | 10/31/2019 | 6 | 12/6/2019 | |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 117 | 120 | 117 | 0 | 0 | 9/11/2019 | 11 | 10/11/2019 | 9/11/2029 |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 83 | 84 | 83 | 0 | 0 | 10/25/2019 | 1 | 12/1/2019 | 11/1/2026 |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 120 | 120 | 120 | 0 | 0 | 11/7/2019 | 6 | 1/6/2020 | 12/6/2029 | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 114 | 120 | 114 | 0 | 0 | 5/16/2019 | 1 | 7/1/2019 | 6/1/2029 |
16.01 | Property | 610 Main Street North | ||||||||||||
16.02 | Property | 1 Portland Street | ||||||||||||
16.03 | Property | 700 Main Street | ||||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 118 | 120 | 118 | 0 | 0 | 9/10/2019 | 1 | 11/1/2019 | 10/1/2029 |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 0 | 60 | 59 | 360 | 359 | 10/2/2019 | 1 | 12/1/2019 | |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 0 | 120 | 119 | 360 | 359 | 10/22/2019 | 1 | 12/1/2019 | |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | 120 | 120 | 120 | 0 | 0 | 11/13/2019 | 1 | 1/1/2020 | 12/1/2029 |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 119 | 120 | 119 | 0 | 0 | 10/18/2019 | 6 | 12/6/2019 | 11/6/2029 |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 0 | 120 | 120 | 300 | 300 | 11/5/2019 | 1 | 1/1/2020 | ||
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 119 | 120 | 119 | 0 | 0 | 11/5/2019 | 6 | 12/6/2019 | 11/6/2029 | |
23.01 | Property | 79-85 Fairview Avenue | ||||||||||||
23.02 | Property | 649 West 184th Street | ||||||||||||
23.03 | Property | 325 Wadsworth Avenue | ||||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 22 | 120 | 118 | 360 | 360 | 9/11/2019 | 6 | 11/6/2019 | 10/6/2021 | |
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 0 | 120 | 119 | 360 | 359 | 11/5/2019 | 6 | 12/6/2019 | |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 0 | 120 | 119 | 360 | 359 | 11/4/2019 | 6 | 12/6/2019 | ||
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 48 | 120 | 120 | 360 | 360 | 11/7/2019 | 6 | 1/6/2020 | 12/6/2023 |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | 119 | 120 | 119 | 0 | 0 | 11/5/2019 | 6 | 12/6/2019 | 11/6/2029 |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 59 | 120 | 119 | 360 | 360 | 11/1/2019 | 6 | 12/6/2019 | 11/6/2024 |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 120 | 120 | 120 | 0 | 0 | 11/7/2019 | 5 | 1/5/2020 | 12/5/2029 |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 35 | 120 | 119 | 360 | 360 | 10/23/2019 | 6 | 12/6/2019 | 11/6/2022 | |
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | 120 | 120 | 120 | 0 | 0 | 11/5/2019 | 1 | 1/1/2020 | 12/1/2029 |
Page 4 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | First P&I Due Date | Maturity Date / ARD | ARD (Yes / No) |
Final Maturity Date | Grace Period- Late Fee | Grace Period- Default | Prepayment Provision (3) | 2016 EGI | 2016 Expenses ($) | 2016 NOI ($) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/88_0%/7 | N/A | N/A | N/A | ||
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 11/1/2029 | No | 0 | 5 (Once per year) | Lockout/25_YM1%/91_0%/4 | 25,718,088 | 10,411,439 | 15,306,649 | ||
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 11/9/2029 | No | 10 (Once per year) | 0 | YM1%/25_Defeasance or YM1%/90_0%/5 | 113,939,597 | 33,156,253 | 80,783,345 | ||
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 12/6/2024 | 11/6/2029 | No | 0 | 0 | YM4%/25_Defeasance or YM1%/89_0%/6 | N/A | N/A | N/A | |
4.01 | Property | Londonderry / Manufacturing | N/A | N/A | N/A | ||||||||||
4.02 | Property | Dartmouth / Manufacturing | N/A | N/A | N/A | ||||||||||
4.03 | Property | Waltham Corporate | N/A | N/A | N/A | ||||||||||
4.04 | Property | Woburn | N/A | N/A | N/A | ||||||||||
4.05 | Property | Nashua | N/A | N/A | N/A | ||||||||||
4.06 | Property | Woburn CPD | N/A | N/A | N/A | ||||||||||
4.07 | Property | (West) Bridgewater | N/A | N/A | N/A | ||||||||||
4.08 | Property | Manchester, NH | N/A | N/A | N/A | ||||||||||
4.09 | Property | Norwalk 256 | N/A | N/A | N/A | ||||||||||
4.10 | Property | New London | N/A | N/A | N/A | ||||||||||
4.11 | Property | East Haven | N/A | N/A | N/A | ||||||||||
4.12 | Property | Lincoln | N/A | N/A | N/A | ||||||||||
4.13 | Property | Bethlehem | N/A | N/A | N/A | ||||||||||
4.14 | Property | Salem | N/A | N/A | N/A | ||||||||||
4.15 | Property | Norwalk 260 | N/A | N/A | N/A | ||||||||||
4.16 | Property | Berlin | N/A | N/A | N/A | ||||||||||
4.17 | Property | Dartmouth | N/A | N/A | N/A | ||||||||||
4.18 | Property | Manchester, CT | N/A | N/A | N/A | ||||||||||
4.19 | Property | Portland | N/A | N/A | N/A | ||||||||||
4.20 | Property | Braintree | N/A | N/A | N/A | ||||||||||
4.21 | Property | Warwick | N/A | N/A | N/A | ||||||||||
4.22 | Property | Fitchburg | N/A | N/A | N/A | ||||||||||
4.23 | Property | Auburn | N/A | N/A | N/A | ||||||||||
4.24 | Property | Berlin CPD | N/A | N/A | N/A | ||||||||||
4.25 | Property | Portsmouth | N/A | N/A | N/A | ||||||||||
4.26 | Property | Southampton | N/A | N/A | N/A | ||||||||||
4.27 | Property | Wilkes-Barre | N/A | N/A | N/A | ||||||||||
4.28 | Property | Hyannis | N/A | N/A | N/A | ||||||||||
4.29 | Property | Springfield | N/A | N/A | N/A | ||||||||||
4.30 | Property | White River Junction | N/A | N/A | N/A | ||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 1/6/2020 | 12/6/2029 | No | 0 | 0 | Lockout/24_Defeasance/92_0%/4 | 11,758,761 | 5,491,883 | 6,266,878 | |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | ||
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 11/1/2024 | 10/1/2029 | No | 0 | 0 | Lockout/26_Defeasance/88_0%/6 | N/A | N/A | N/A | |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 12/6/2024 | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | 4,908,718 | 2,118,766 | 2,789,952 | |
8.01 | Property | 199 Avenue B Northwest | N/A | N/A | N/A | ||||||||||
8.02 | Property | 200 Avenue B Northwest | N/A | N/A | N/A | ||||||||||
8.03 | Property | 331 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.04 | Property | 300 3rd Street Southwest | N/A | N/A | N/A | ||||||||||
8.05 | Property | 250 3rd Street Northwest | N/A | N/A | N/A | ||||||||||
8.06 | Property | 203 Avenue A Northwest | N/A | N/A | N/A | ||||||||||
8.07 | Property | 337 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.08 | Property | 401 3rd Street Southwest | N/A | N/A | N/A | ||||||||||
8.09 | Property | 242 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | N/A | N/A | N/A | ||||||||||
8.11 | Property | 245 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | N/A | N/A | N/A | ||||||||||
8.13 | Property | 249 3rd Street Southwest | N/A | N/A | N/A | ||||||||||
8.14 | Property | 254 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.15 | Property | 226 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.16 | Property | 225 Avenue D Northwest | N/A | N/A | N/A | ||||||||||
8.17 | Property | 305 Avenue E Southwest | N/A | N/A | N/A | ||||||||||
8.18 | Property | 230 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.19 | Property | 220 West Central Avenue | N/A | N/A | N/A | ||||||||||
8.20 | Property | 239 3rd Street Southwest | N/A | N/A | N/A | ||||||||||
8.21 | Property | 243 3rd Street Southwest | N/A | N/A | N/A | ||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 10/11/2029 | No | 5 | 0 | Lockout/26_YM1%/89_0%/5 | 21,644,915 | 9,082,050 | 12,562,865 | ||
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 12/6/2019 | 11/6/2024 | No | 0 | 5 | Lockout/25_Defeasance/31_0%/4 | 21,416,563 | 10,483,165 | 10,933,398 | |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/90_0%/5 | N/A | N/A | N/A | ||
11.01 | Property | 137 West 141st Street | N/A | N/A | N/A | ||||||||||
11.02 | Property | 117 West 141st Street | N/A | N/A | N/A | ||||||||||
11.03 | Property | 127 West 141st Street | N/A | N/A | N/A | ||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 12/6/2019 | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/92_0%/3 | 6,376,952 | 261,389 | 6,115,563 | |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 9/11/2029 | No | 5 | 0 | Lockout/27_Defeasance/88_0%/5 | N/A | N/A | N/A | ||
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 11/1/2026 | No | 0 | 0 | Lockout/25_Defeasance/54_0%/5 | N/A | N/A | N/A | ||
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 12/6/2029 | No | 0 | 0 | Lockout/24_Defeasance/92_0%/4 | 3,498,561 | 1,795,690 | 1,702,871 | |||
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 6/1/2029 | No | 0 | 0 | Lockout/25_YM1%/88_0%/7 | N/A | N/A | N/A | ||
16.01 | Property | 610 Main Street North | N/A | N/A | N/A | ||||||||||
16.02 | Property | 1 Portland Street | N/A | N/A | N/A | ||||||||||
16.03 | Property | 700 Main Street | N/A | N/A | N/A | ||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 10/1/2029 | No | 0 | 0 | Lockout/26_Defeasance/90_0%/4 | N/A | N/A | N/A | ||
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 12/1/2019 | 11/1/2024 | No | 0 | 0 | Lockout/25_Defeasance/32_0%/3 | 34,712,976 | 29,776,162 | 4,936,813 | |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 12/1/2019 | 11/1/2029 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | 8,535,555 | 3,117,870 | 5,417,685 | |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | 12/1/2029 | No | 0 | 5 (Once per year) | Lockout/25_YM1%/92_0%/3 | N/A | N/A | N/A | ||
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | 1,464,078 | 392,720 | 1,071,358 | ||
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 1/1/2020 | 12/1/2029 | No | 0 | 0 | Lockout/25_YM1%/92_0%/3 | N/A | N/A | N/A | ||
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/90_0%/5 | N/A | N/A | N/A | |||
23.01 | Property | 79-85 Fairview Avenue | N/A | N/A | N/A | ||||||||||
23.02 | Property | 649 West 184th Street | N/A | N/A | N/A | ||||||||||
23.03 | Property | 325 Wadsworth Avenue | N/A | N/A | N/A | ||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 11/6/2021 | 10/6/2029 | No | 0 | 0 | Lockout/26_Defeasance/89_0%/5 | 3,200,795 | 1,792,995 | 1,407,799 | ||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 12/6/2019 | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 12/6/2019 | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/90_0%/5 | 1,434,798 | 693,204 | 741,593 | ||
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 1/6/2024 | 12/6/2029 | No | 0 | 0 | Lockout/24_Defeasance/93_0%/3 | N/A | N/A | N/A | |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | 11/6/2029 | No | 0 | 0 | Lockout/36_YM1%/79_0%/5 | N/A | N/A | N/A | ||
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 12/6/2024 | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 12/5/2029 | No | 0 | 0 | Lockout/24_Defeasance/92_0%/4 | N/A | N/A | N/A | ||
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 12/6/2022 | 11/6/2029 | No | 0 | 0 | Lockout/25_Defeasance/91_0%/4 | N/A | N/A | N/A | ||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | 12/1/2029 | No | 5 (Once per year) | 0 | Lockout/25_YM1%/91_0%/4 | N/A | N/A | N/A |
Page 5 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | 2017 EGI ($) | 2017 Expenses ($) | 2017 NOI ($) | 2018 EGI ($) | 2018 Expenses ($) | 2018 NOI ($) | Most Recent EGI (if past 2018) ($) | Most Recent Expenses (if past 2018) ($) | Most Recent NOI (if past 2018) ($) | Most Recent NOI Date (if past 2018) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 5,828,453 | 694,511 | 5,133,942 | 5,952,381 | 756,103 | 5,196,278 | 5,566,317 | 847,198 | 4,719,119 | 9/30/2019 |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 27,123,025 | 10,215,438 | 16,907,586 | 29,511,950 | 10,863,906 | 18,648,044 | 30,835,578 | 11,200,207 | 19,635,371 | 8/31/2019 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 117,379,087 | 34,178,955 | 83,200,132 | 125,317,446 | 36,292,891 | 89,024,555 | 120,890,660 | 37,547,742 | 83,342,918 | 9/30/2019 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV |
4.01 | Property | Londonderry / Manufacturing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.02 | Property | Dartmouth / Manufacturing | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.03 | Property | Waltham Corporate | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.04 | Property | Woburn | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.05 | Property | Nashua | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.06 | Property | Woburn CPD | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.07 | Property | (West) Bridgewater | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.08 | Property | Manchester, NH | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.09 | Property | Norwalk 256 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.10 | Property | New London | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.11 | Property | East Haven | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.12 | Property | Lincoln | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.13 | Property | Bethlehem | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.14 | Property | Salem | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.15 | Property | Norwalk 260 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.16 | Property | Berlin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.17 | Property | Dartmouth | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.18 | Property | Manchester, CT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.19 | Property | Portland | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.20 | Property | Braintree | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.21 | Property | Warwick | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.22 | Property | Fitchburg | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.23 | Property | Auburn | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.24 | Property | Berlin CPD | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.25 | Property | Portsmouth | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.26 | Property | Southampton | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.27 | Property | Wilkes-Barre | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.28 | Property | Hyannis | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.29 | Property | Springfield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
4.30 | Property | White River Junction | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 14,462,415 | 6,619,999 | 7,842,417 | 15,785,677 | 6,060,837 | 9,724,841 | 17,046,369 | 6,432,129 | 10,614,240 | 9/30/2019 |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | N/A | N/A | N/A | 4,879,644 | 1,186,947 | 3,692,697 | 5,683,749 | 1,511,954 | 4,171,795 | 6/30/2019 |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 6,111,863 | 1,840,579 | 4,271,284 | 8,181,154 | 3,120,842 | 5,060,312 | 9,137,147 | 2,989,676 | 6,147,471 | 6/30/2019 |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 5,382,498 | 2,090,453 | 3,292,045 | 5,758,636 | 2,228,497 | 3,530,140 | 5,892,463 | 2,268,717 | 3,623,746 | 6/30/2019 |
8.01 | Property | 199 Avenue B Northwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.02 | Property | 200 Avenue B Northwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.03 | Property | 331 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.04 | Property | 300 3rd Street Southwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.05 | Property | 250 3rd Street Northwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.06 | Property | 203 Avenue A Northwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.07 | Property | 337 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.08 | Property | 401 3rd Street Southwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.09 | Property | 242 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.10 | Property | 56 - 58 4th Street Northwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.11 | Property | 245 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.13 | Property | 249 3rd Street Southwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.14 | Property | 254 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.15 | Property | 226 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.16 | Property | 225 Avenue D Northwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.17 | Property | 305 Avenue E Southwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.18 | Property | 230 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.19 | Property | 220 West Central Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.20 | Property | 239 3rd Street Southwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
8.21 | Property | 243 3rd Street Southwest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV | |||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 27,892,936 | 10,012,518 | 17,880,418 | 31,348,225 | 10,382,557 | 20,965,668 | 32,202,713 | 10,500,194 | 21,702,519 | 6/30/2019 |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 22,860,496 | 11,073,853 | 11,786,643 | 22,260,380 | 10,976,852 | 11,283,528 | 23,089,427 | 11,476,129 | 11,613,298 | 8/31/2019 |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 2,706,534 | 1,030,855 | 1,675,679 | 2,961,913 | 1,070,243 | 1,891,670 | 2,932,197 | 1,064,886 | 1,867,312 | 9/30/2019 |
11.01 | Property | 137 West 141st Street | 933,666 | 299,175 | 634,491 | 954,485 | 298,550 | 655,935 | 898,708 | 299,409 | 599,300 | 9/30/2019 | |||
11.02 | Property | 117 West 141st Street | 914,648 | 402,420 | 512,229 | 999,643 | 461,065 | 538,578 | 1,034,072 | 469,919 | 564,153 | 9/30/2019 | |||
11.03 | Property | 127 West 141st Street | 858,219 | 329,261 | 528,959 | 1,007,785 | 310,628 | 697,157 | 999,417 | 295,558 | 703,859 | 9/30/2019 | |||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 6,312,553 | 226,063 | 6,086,490 | 6,407,444 | 215,823 | 6,191,621 | 6,436,828 | 236,566 | 6,200,262 | 7/31/2019 |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 3,696,930 | 1,936,361 | 1,760,570 | 4,163,151 | 2,009,991 | 2,153,159 | 4,400,469 | 2,071,765 | 2,328,703 | 9/30/2019 | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 55,887,418 | 13,850,608 | 42,036,811 | 59,626,445 | 15,721,797 | 43,904,648 | 60,868,091 | 15,860,286 | 45,007,805 | 3/31/2019 |
16.01 | Property | 610 Main Street North | 24,392,158 | 5,060,066 | 19,332,091 | 25,653,185 | 6,363,502 | 19,289,683 | 26,172,221 | 6,322,623 | 19,849,598 | 3/31/2019 | |||
16.02 | Property | 1 Portland Street | 19,154,337 | 4,220,162 | 14,934,175 | 20,777,288 | 4,849,523 | 15,927,766 | 21,060,689 | 4,968,008 | 16,092,681 | 3/31/2019 | |||
16.03 | Property | 700 Main Street | 12,340,923 | 4,570,379 | 7,770,545 | 13,195,972 | 4,508,772 | 8,687,199 | 13,635,181 | 4,569,654 | 9,065,526 | 3/31/2019 | |||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 15,446,081 | 4,538,540 | 10,907,542 | 18,368,132 | 4,822,445 | 13,545,687 | 11,557,212 | 4,758,188 | 6,799,024 | 7/31/2019 |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 36,174,595 | 29,638,648 | 6,535,947 | 37,302,883 | 29,085,863 | 8,217,020 | 37,757,247 | 29,407,040 | 8,350,207 | 8/31/2019 |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 8,564,091 | 3,155,737 | 5,408,354 | 8,549,984 | 3,141,769 | 5,408,215 | 8,632,476 | 3,031,568 | 5,600,908 | 8/31/2019 |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 1,011,691 | 485,833 | 525,858 | 736,846 | 560,739 | 176,107 | 1,130,908 | 553,489 | 577,419 | 6/30/2019 |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 1,282,097 | 532,547 | 749,550 | 1,567,122 | 445,457 | 1,121,665 | 1,629,509 | 456,473 | 1,173,036 | 6/30/2019 | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 901,324 | 463,510 | 437,814 | 1,051,507 | 479,979 | 571,529 | 1,238,185 | 455,819 | 782,365 | 9/30/2019 | |
23.01 | Property | 79-85 Fairview Avenue | 278,133 | 134,151 | 143,982 | 317,668 | 137,229 | 180,439 | 426,485 | 135,335 | 291,150 | 9/30/2019 | |||
23.02 | Property | 649 West 184th Street | 339,629 | 165,115 | 174,513 | 422,799 | 194,768 | 228,031 | 461,004 | 180,363 | 280,641 | 9/30/2019 | |||
23.03 | Property | 325 Wadsworth Avenue | 283,562 | 164,243 | 119,319 | 311,040 | 147,981 | 163,059 | 350,696 | 140,121 | 210,574 | 9/30/2019 | |||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 3,277,783 | 2,046,991 | 1,230,792 | 3,507,769 | 2,079,529 | 1,428,240 | 3,896,497 | 2,239,074 | 1,657,423 | 7/31/2019 | |
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | N/A | N/A | N/A | 831,121 | 358,618 | 472,503 | 1,180,300 | 350,663 | 829,637 | 8/31/2019 |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 1,656,201 | 801,963 | 854,238 | 1,757,048 | 825,419 | 931,629 | 1,726,279 | 648,372 | 1,077,907 | 8/31/2019 | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | N/A | N/A | N/A | N/A | N/A | N/A | 223,535 | 79,514 | 144,022 | 9/15/2019 |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | N/A | N/A | N/A | 2,527,404 | 2,508,295 | 19,109 | 5,539,939 | 4,312,210 | 1,227,729 | 9/30/2019 |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 1,060,896 | 458,890 | 602,005 | 1,149,674 | 478,828 | 670,846 | 1,180,516 | 462,056 | 718,461 | 6/30/2019 |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 759,984 | 234,431 | 525,553 | 753,616 | 218,643 | 534,973 | 752,908 | 188,441 | 564,468 | 8/31/2019 |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 578,092 | 182,484 | 395,608 | 589,200 | 176,403 | 412,797 | 575,449 | 195,713 | 379,736 | 8/31/2019 | |
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | NAV |
Page 6 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Most Recent # of months | Most Recent Description | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Debt Yield on Underwritten Net Operating Income (%) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NCF DSCR (x) (4) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 12 | Trailing 12 | 8,358,288 | 1,552,598 | 6,805,690 | 9.1% | 15,095 | 332,838 | 6,457,757 | 2.62 |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 12 | Trailing 12 | 32,323,781 | 11,117,049 | 21,206,732 | 11.6% | 370,946 | 1,672,862 | 19,162,924 | 2.96 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 12 | Trailing 12 | 158,615,968 | 37,470,212 | 121,145,756 | 13.5% | 480,328 | 8,415,062 | 112,250,366 | 4.09 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | NAV | Not Available | 18,933,995 | 4,362,956 | 14,571,039 | 9.1% | 411,225 | 623,413 | 13,536,402 | 1.51 |
4.01 | Property | Londonderry / Manufacturing | NAV | Not Available | 3,075,807 | 602,081 | 2,473,726 | 56,444 | 104,245 | 2,313,037 | |||||
4.02 | Property | Dartmouth / Manufacturing | NAV | Not Available | 1,857,715 | 404,058 | 1,453,657 | 35,286 | 62,701 | 1,355,670 | |||||
4.03 | Property | Waltham Corporate | NAV | Not Available | 1,809,308 | 458,310 | 1,350,997 | 31,395 | 90,068 | 1,229,535 | |||||
4.04 | Property | Woburn | NAV | Not Available | 1,074,644 | 198,021 | 876,622 | 18,872 | 31,342 | 826,409 | |||||
4.05 | Property | Nashua | NAV | Not Available | 846,682 | 212,320 | 634,361 | 16,739 | 28,281 | 589,342 | |||||
4.06 | Property | Woburn CPD | NAV | Not Available | 768,259 | 145,891 | 622,368 | 13,216 | 22,824 | 586,328 | |||||
4.07 | Property | (West) Bridgewater | NAV | Not Available | 787,578 | 256,259 | 531,318 | 12,266 | 22,654 | 496,397 | |||||
4.08 | Property | Manchester, NH | NAV | Not Available | 627,924 | 130,200 | 497,724 | 12,262 | 21,575 | 463,887 | |||||
4.09 | Property | Norwalk 256 | NAV | Not Available | 565,724 | 101,853 | 463,872 | 11,071 | 13,816 | 438,985 | |||||
4.10 | Property | New London | NAV | Not Available | 594,004 | 159,374 | 434,630 | 14,169 | 13,977 | 406,484 | |||||
4.11 | Property | East Haven | NAV | Not Available | 576,232 | 158,648 | 417,584 | 16,378 | 13,500 | 387,707 | |||||
4.12 | Property | Lincoln | NAV | Not Available | 538,524 | 136,129 | 402,395 | 12,036 | 18,862 | 371,497 | |||||
4.13 | Property | Bethlehem | NAV | Not Available | 516,178 | 143,546 | 372,631 | 12,410 | 17,177 | 343,044 | |||||
4.14 | Property | Salem | NAV | Not Available | 471,894 | 94,447 | 377,447 | 11,036 | 15,994 | 350,416 | |||||
4.15 | Property | Norwalk 260 | NAV | Not Available | 478,289 | 74,012 | 404,277 | 7,156 | 11,876 | 385,245 | |||||
4.16 | Property | Berlin | NAV | Not Available | 480,220 | 102,462 | 377,758 | 12,317 | 11,594 | 353,847 | |||||
4.17 | Property | Dartmouth | NAV | Not Available | 433,917 | 98,573 | 335,343 | 11,718 | 15,333 | 308,292 | |||||
4.18 | Property | Manchester, CT | NAV | Not Available | 364,650 | 94,725 | 269,926 | 10,171 | 8,827 | 250,928 | |||||
4.19 | Property | Portland | NAV | Not Available | 340,246 | 80,014 | 260,232 | 15,174 | 11,822 | 233,235 | |||||
4.20 | Property | Braintree | NAV | Not Available | 362,958 | 110,968 | 251,990 | 10,496 | 10,121 | 231,373 | |||||
4.21 | Property | Warwick | NAV | Not Available | 316,516 | 79,565 | 236,951 | 6,585 | 10,780 | 219,586 | |||||
4.22 | Property | Fitchburg | NAV | Not Available | 265,297 | 63,546 | 201,751 | 12,101 | 9,373 | 180,277 | |||||
4.23 | Property | Auburn | NAV | Not Available | 271,258 | 74,815 | 196,443 | 12,792 | 9,021 | 174,630 | |||||
4.24 | Property | Berlin CPD | NAV | Not Available | 283,084 | 55,602 | 227,482 | 6,909 | 7,025 | 213,548 | |||||
4.25 | Property | Portsmouth | NAV | Not Available | 243,911 | 52,417 | 191,494 | 5,734 | 8,305 | 177,455 | |||||
4.26 | Property | Southampton | NAV | Not Available | 239,533 | 75,248 | 164,285 | 5,463 | 8,084 | 150,739 | |||||
4.27 | Property | Wilkes-Barre | NAV | Not Available | 207,363 | 53,654 | 153,709 | 4,830 | 7,358 | 141,521 | |||||
4.28 | Property | Hyannis | NAV | Not Available | 191,957 | 43,315 | 148,642 | 3,611 | 6,415 | 138,616 | |||||
4.29 | Property | Springfield | NAV | Not Available | 216,088 | 73,253 | 142,835 | 6,568 | 6,424 | 129,844 | |||||
4.30 | Property | White River Junction | NAV | Not Available | 128,239 | 29,650 | 98,589 | 6,019 | 4,039 | 88,530 | |||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 12 | Trailing 12 | 18,661,617 | 7,134,201 | 11,527,416 | 13.0% | 97,527 | 723,985 | 10,705,903 | 2.62 |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 12 | Trailing 12 | 5,346,544 | 1,576,568 | 3,769,976 | 7.9% | 19,925 | 123,355 | 3,626,696 | 1.89 |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 12 | Trailing 12 | 10,396,195 | 2,862,031 | 7,534,164 | 6.7% | 52,509 | 98,900 | 7,382,754 | 1.06 |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 12 | Trailing 12 | 6,916,155 | 2,504,696 | 4,411,459 | 11.3% | 77,122 | 372,107 | 3,962,229 | 1.69 |
8.01 | Property | 199 Avenue B Northwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.02 | Property | 200 Avenue B Northwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.03 | Property | 331 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.04 | Property | 300 3rd Street Southwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.05 | Property | 250 3rd Street Northwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.06 | Property | 203 Avenue A Northwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.07 | Property | 337 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.08 | Property | 401 3rd Street Southwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.09 | Property | 242 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.10 | Property | 56 - 58 4th Street Northwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.11 | Property | 245 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.13 | Property | 249 3rd Street Southwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.14 | Property | 254 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.15 | Property | 226 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.16 | Property | 225 Avenue D Northwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.17 | Property | 305 Avenue E Southwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.18 | Property | 230 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.19 | Property | 220 West Central Avenue | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.20 | Property | 239 3rd Street Southwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
8.21 | Property | 243 3rd Street Southwest | NAV | Not Available | N/A | N/A | N/A | N/A | N/A | N/A | |||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 12 | Trailing 12 | 31,434,407 | 10,604,603 | 20,829,804 | 11.0% | 105,746 | 1,057,460 | 19,666,598 | 3.07 |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 12 | Trailing 12 | 22,757,007 | 11,382,857 | 11,374,151 | 9.5% | 119,463 | 0 | 11,254,688 | 1.67 |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 9 | Annualized | 3,262,404 | 1,097,241 | 2,165,163 | 7.1% | 42,650 | 0 | 2,122,513 | 1.82 |
11.01 | Property | 137 West 141st Street | 9 | Annualized | 1,129,014 | 352,339 | 776,674 | 13,426 | 0 | 763,248 | |||||
11.02 | Property | 117 West 141st Street | 9 | Annualized | 1,136,934 | 416,483 | 720,450 | 15,024 | 0 | 705,426 | |||||
11.03 | Property | 127 West 141st Street | 9 | Annualized | 996,457 | 328,418 | 668,039 | 14,200 | 0 | 653,839 | |||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 7 | Annualized | 8,557,400 | 2,317,867 | 6,239,532 | 8.9% | 26,806 | 60,786 | 6,151,940 | 1.44 |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | NAV | Not Available | 12,672,245 | 2,708,238 | 9,964,007 | 7.2% | 0 | 0 | 9,964,007 | 1.93 |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | NAV | Not Available | 14,909,246 | 2,857,283 | 12,051,963 | 10.3% | 58,500 | 0 | 11,993,463 | 3.66 |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 12 | Trailing 12 | 4,400,469 | 2,172,500 | 2,227,969 | 9.5% | 94,000 | 0 | 2,133,969 | 2.40 | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 12 | Trailing 12 | 70,789,429 | 17,055,013 | 53,734,416 | 12.5% | 182,776 | 1,878,551 | 51,673,090 | 3.12 |
16.01 | Property | 610 Main Street North | 12 | Trailing 12 | 30,351,909 | 6,775,685 | 23,576,224 | 75,259 | 0 | 23,500,965 | |||||
16.02 | Property | 1 Portland Street | 12 | Trailing 12 | 24,096,635 | 5,282,690 | 18,813,944 | 61,919 | 1,081,864 | 17,670,161 | |||||
16.03 | Property | 700 Main Street | 12 | Trailing 12 | 16,340,886 | 4,996,638 | 11,344,248 | 45,597 | 796,687 | 10,501,964 | |||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 12 | Trailing 12 | 19,978,769 | 6,362,971 | 13,615,798 | 9.1% | 148,500 | 464,061 | 13,003,237 | 2.63 |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 12 | Trailing 12 | 37,757,247 | 29,865,599 | 7,891,648 | 10.9% | 0 | 0 | 7,891,648 | 1.62 |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 12 | Trailing 12 | 8,308,523 | 3,144,550 | 5,163,973 | 11.7% | 45,409 | 465,005 | 4,653,559 | 1.86 |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | NAV | Not Available | 2,599,955 | 1,081,353 | 1,518,602 | 8.7% | 32,500 | 0 | 1,486,102 | 2.22 |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 6 | Annualized | 1,918,978 | 692,941 | 1,226,037 | 8.8% | 9,673 | 58,987 | 1,157,377 | 2.20 |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 12 | Trailing 12 | 1,746,298 | 399,942 | 1,346,356 | 10.4% | 18,223 | 82,991 | 1,245,142 | 1.52 | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 9 | Annualized | 1,300,448 | 467,990 | 832,458 | 6.9% | 17,281 | 0 | 815,177 | 1.72 | |
23.01 | Property | 79-85 Fairview Avenue | 9 | Annualized | 475,762 | 166,401 | 309,362 | 5,376 | 0 | 303,986 | |||||
23.02 | Property | 649 West 184th Street | 9 | Annualized | 450,690 | 160,097 | 290,593 | 4,480 | 0 | 286,113 | |||||
23.03 | Property | 325 Wadsworth Avenue | 9 | Annualized | 373,996 | 141,493 | 232,503 | 7,425 | 0 | 225,078 | |||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 12 | Trailing 12 | 3,896,497 | 2,240,642 | 1,655,855 | 14.2% | 155,860 | 0 | 1,499,995 | 2.28 | |
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 12 | Trailing 12 | 1,412,938 | 371,817 | 1,041,120 | 10.2% | 14,736 | 64,324 | 962,060 | 1.71 |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 12 | Trailing 12 | 1,778,642 | 719,818 | 1,058,824 | 13.0% | 39,177 | 62,421 | 957,227 | 2.13 | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 6 | Annualized | 658,756 | 93,951 | 564,805 | 7.8% | 6,106 | 5,705 | 552,994 | 1.32 |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | 12 | Trailing 12 | 5,539,939 | 4,303,915 | 1,236,024 | 17.7% | 221,598 | 0 | 1,014,426 | 3.82 |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 12 | Trailing 12 | 1,204,796 | 458,301 | 746,495 | 11.1% | 15,034 | 110,138 | 621,323 | 1.69 |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 12 | Trailing 12 | 729,887 | 244,098 | 485,789 | 7.4% | 5,000 | 0 | 480,789 | 1.71 |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 12 | Trailing 12 | 575,449 | 193,764 | 381,685 | 8.5% | 6,131 | 1,500 | 374,054 | 1.45 | |
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | NAV | Not Available | 394,324 | 105,574 | 288,750 | 8.5% | 0 | 0 | 288,750 | 1.78 |
Page 7 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Debt Yield on Underwritten Net Cash Flow (%) | Appraised Value ($) | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Occupancy (%) (5) | Occupancy Date | ADR ($) | RevPAR ($) | Largest Tenant |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 8.6% | 136,500,000 | 11/1/2019 | 54.9% | 54.9% | 100.0% | 12/6/2019 | NAP | NAP | Confluent |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 10.5% | 264,900,000 | 8/22/2019 | 68.8% | 68.8% | 96.1% | 8/5/2019 | NAP | NAP | AXA Equitable |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 12.5% | 2,302,000,000 | 9/24/2019 | 39.1% | 39.1% | 92.9% | 10/1/2019 | NAP | NAP | Bank of America |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 8.5% | 230,600,000 | Various | 69.4% | 62.8% | 100.0% | 12/6/2019 | NAP | NAP | |
4.01 | Property | Londonderry / Manufacturing | 41,200,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.02 | Property | Dartmouth / Manufacturing | 24,000,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.03 | Property | Waltham Corporate | 20,900,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.04 | Property | Woburn | 13,900,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.05 | Property | Nashua | 9,800,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.06 | Property | Woburn CPD | 9,200,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.07 | Property | (West) Bridgewater | 8,600,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.08 | Property | Manchester, NH | 7,700,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.09 | Property | Norwalk 256 | 6,900,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.10 | Property | New London | 6,750,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.11 | Property | East Haven | 6,500,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.12 | Property | Lincoln | 6,400,000 | 9/27/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.13 | Property | Bethlehem | 6,000,000 | 9/18/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.14 | Property | Salem | 5,800,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.15 | Property | Norwalk 260 | 5,900,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.16 | Property | Berlin | 5,400,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.17 | Property | Dartmouth | 5,400,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.18 | Property | Manchester, CT | 4,300,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.19 | Property | Portland | 4,100,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.20 | Property | Braintree | 4,000,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.21 | Property | Warwick | 3,800,000 | 9/27/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.22 | Property | Fitchburg | 3,400,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.23 | Property | Auburn | 3,300,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.24 | Property | Berlin CPD | 3,150,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.25 | Property | Portsmouth | 3,000,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.26 | Property | Southampton | 2,600,000 | 9/17/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.27 | Property | Wilkes-Barre | 2,400,000 | 9/18/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.28 | Property | Hyannis | 2,300,000 | 9/25/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.29 | Property | Springfield | 2,300,000 | 9/27/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
4.30 | Property | White River Junction | 1,600,000 | 9/26/2019 | 100.0% | 12/6/2019 | NAP | NAP | Harvey Building Products | ||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 12.1% | 143,450,000 | 8/1/2019 | 61.9% | 57.1% | 96.9% | 11/1/2019 | NAP | NAP | Kroger |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 7.6% | 77,100,000 | 6/21/2019 | 62.1% | 62.1% | 90.8% | 8/1/2019 | NAP | NAP | Art Van |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 6.6% | 151,800,000 | 6/3/2019 | 73.8% | 67.7% | 96.7% | 6/3/2019 | NAP | NAP | Whole Foods |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 10.2% | 55,530,000 | Various | 70.2% | 64.2% | 88.2% | Various | NAP | NAP | |
8.01 | Property | 199 Avenue B Northwest | 25,640,000 | 9/1/2020 | 86.9% | 10/25/2019 | NAP | NAP | Bond & Steel Clinic PA | ||||||
8.02 | Property | 200 Avenue B Northwest | 6,230,000 | 8/1/2019 | 77.9% | 10/25/2019 | NAP | NAP | Central Florida Health Care Inc | ||||||
8.03 | Property | 331 West Central Avenue | 4,430,000 | 8/1/2019 | 97.1% | 10/25/2019 | NAP | NAP | Fromage Steak and Subs | ||||||
8.04 | Property | 300 3rd Street Southwest | 2,240,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Grove Roots Brewing Co. | ||||||
8.05 | Property | 250 3rd Street Northwest | 2,230,000 | 8/1/2019 | 88.9% | 10/25/2019 | NAP | NAP | Rafool, Snyder, Tingley & Assoc. LLC | ||||||
8.06 | Property | 203 Avenue A Northwest | 2,190,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Early Learning Coalition | ||||||
8.07 | Property | 337 West Central Avenue | 1,740,000 | 8/1/2019 | 96.3% | 10/25/2019 | NAP | NAP | Chesapeake Utilities Corp. | ||||||
8.08 | Property | 401 3rd Street Southwest | 1,670,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Pennoni Associates Inc | ||||||
8.09 | Property | 242 West Central Avenue | 1,330,000 | 8/1/2019 | 100.0% | 12/6/2019 | NAP | NAP | Peterson & Meyers PA | ||||||
8.10 | Property | 56 - 58 4th Street Northwest | 1,290,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Six Ten LLC | ||||||
8.11 | Property | 245 West Central Avenue | 1,190,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Union Tap Room LLC | ||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | 950,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Law of Fitness | ||||||
8.13 | Property | 249 3rd Street Southwest | 870,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Bike Shop | ||||||
8.14 | Property | 254 West Central Avenue | 730,000 | 8/1/2019 | 100.0% | 10/25/2019 | NAP | NAP | Lasater Flowers LLC | ||||||
8.15 | Property | 226 West Central Avenue | 570,000 | 8/1/2019 | 100.0% | 12/6/2019 | NAP | NAP | Top Buttons, Inc. | ||||||
8.16 | Property | 225 Avenue D Northwest | 480,000 | 8/1/2019 | 0.0% | 12/6/2019 | NAP | NAP | NAP | ||||||
8.17 | Property | 305 Avenue E Southwest | 450,000 | 8/1/2019 | 100.0% | 12/6/2019 | NAP | NAP | S Vega, LLC | ||||||
8.18 | Property | 230 West Central Avenue | 420,000 | 8/1/2019 | 100.0% | 12/6/2019 | NAP | NAP | Watson Myers Realty, LLC | ||||||
8.19 | Property | 220 West Central Avenue | 410,000 | 8/1/2019 | 0.0% | 12/6/2019 | NAP | NAP | NAP | ||||||
8.20 | Property | 239 3rd Street Southwest | 290,000 | 8/1/2019 | 100.0% | 12/6/2019 | NAP | NAP | Barrel 239 | ||||||
8.21 | Property | 243 3rd Street Southwest | 180,000 | 8/1/2019 | 60.7% | 10/25/2019 | NAP | NAP | Ringside Cuts, LLC | ||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 10.4% | 365,000,000 | 8/12/2019 | 52.1% | 52.1% | 100.0% | 8/30/2019 | NAP | NAP | Intelsat Global Service Corporation |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 9.4% | 225,000,000 | 9/1/2021 | 53.3% | 48.3% | 92.1% | 9/15/2019 | NAP | NAP | American Multi-Cinema, Inc. |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 6.9% | 48,500,000 | 9/5/2019 | 63.3% | 63.3% | 97.3% | 10/23/2019 | NAP | NAP | |
11.01 | Property | 137 West 141st Street | 16,700,000 | 9/5/2019 | 98.0% | 10/23/2019 | NAP | NAP | NAP | ||||||
11.02 | Property | 117 West 141st Street | 15,800,000 | 9/5/2019 | 100.0% | 10/23/2019 | NAP | NAP | NAP | ||||||
11.03 | Property | 127 West 141st Street | 16,000,000 | 9/5/2019 | 94.0% | 10/23/2019 | NAP | NAP | NAP | ||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 8.8% | 105,000,000 | 9/4/2019 | 66.5% | 47.3% | 100.0% | 8/31/2019 | NAP | NAP | Kohl’s |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 7.2% | 197,000,000 | 8/19/2019 | 70.0% | 70.0% | 100.0% | 12/11/2019 | NAP | NAP | |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 10.3% | 293,000,000 | 8/21/2019 | 39.9% | 39.9% | 100.0% | 9/10/2019 | NAP | NAP | Regal Cinemas |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 9.1% | 39,300,000 | 8/1/2019 | 59.4% | 59.4% | 89.4% | 9/30/2019 | NAP | NAP | NAP | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 12.0% | 1,158,000,000 | 4/11/2019 | 37.1% | 37.1% | 100.0% | 5/1/2019 | NAP | NAP | |
16.01 | Property | 610 Main Street North | 462,000,000 | 4/11/2019 | 100.0% | 5/1/2019 | NAP | NAP | Pfizer | ||||||
16.02 | Property | 1 Portland Street | 416,000,000 | 4/11/2019 | 100.0% | 5/1/2019 | NAP | NAP | Pfizer | ||||||
16.03 | Property | 700 Main Street | 280,000,000 | 4/11/2019 | 100.0% | 5/1/2019 | NAP | NAP | Novartis Institutes for Biomedical Research, Inc. | ||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 8.7% | 227,100,000 | 8/21/2019 | 66.1% | 66.1% | 98.8% | 9/30/2019 | NAP | NAP | Intellectual Ventures |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 10.9% | 105,500,000 | 8/22/2019 | 68.6% | 63.7% | 74.8% | 8/31/2019 | 154.12 | 115.28 | NAP |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 10.5% | 70,000,000 | 9/4/2019 | 63.1% | 50.0% | 100.0% | 7/31/2019 | NAP | NAP | Helix Energy Solutions Group |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | 8.5% | 31,300,000 | 9/24/2019 | 55.9% | 55.9% | 95.2% | 11/4/2019 | NAP | NAP | NAP |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 8.3% | 28,100,000 | 8/27/2019 | 49.8% | 49.8% | 95.2% | 10/11/2019 | NAP | NAP | At Home |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 9.7% | 17,200,000 | 9/29/2019 | 75.0% | 54.1% | 93.7% | 10/24/2019 | NAP | NAP | Hobby Lobby | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 6.8% | 17,800,000 | 9/5/2019 | 67.4% | 67.4% | 100.0% | 10/23/2019 | NAP | NAP | ||
23.01 | Property | 79-85 Fairview Avenue | 6,900,000 | 9/5/2019 | 100.0% | 10/23/2019 | NAP | NAP | NAP | ||||||
23.02 | Property | 649 West 184th Street | 5,800,000 | 9/5/2019 | 100.0% | 10/23/2019 | NAP | NAP | NAP | ||||||
23.03 | Property | 325 Wadsworth Avenue | 5,100,000 | 9/5/2019 | 100.0% | 10/23/2019 | NAP | NAP | NAP | ||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 12.8% | 16,700,000 | 7/1/2019 | 70.0% | 58.7% | 89.1% | 7/31/2019 | 95.34 | 84.92 | NAP | |
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 9.4% | 14,500,000 | 9/6/2019 | 70.6% | 55.5% | 93.5% | 9/30/2019 | NAP | NAP | Planet Fitness |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 11.7% | 14,100,000 | 9/14/2019 | 57.9% | 45.5% | 94.7% | 8/31/2019 | NAP | NAP | Christmas Tree Shops | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 7.6% | 10,300,000 | 11/1/2019 | 70.4% | 62.5% | 100.0% | 9/24/2019 | NAP | NAP | Penn Medicine |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | 14.5% | 18,700,000 | 8/26/2019 | 37.4% | 37.4% | 59.5% | 9/30/2019 | 228.62 | 136.07 | NAP |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 9.3% | 9,900,000 | 9/13/2019 | 67.7% | 61.0% | 92.8% | 10/23/2019 | NAP | NAP | Novant Medical Group |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 7.3% | 11,600,000 | 6/7/2019 | 56.9% | 56.9% | 95.0% | 9/5/2019 | NAP | NAP | NAP |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 8.3% | 6,300,000 | 9/24/2019 | 71.4% | 61.8% | 95.3% | 8/31/2019 | NAP | NAP | NAP | |
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | 8.5% | 5,800,000 | 4/4/2019 | 58.6% | 58.6% | NAP | NAP | NAP | NAP | NAP |
Page 8 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Largest Tenant Sq Ft | Largest Tenant Lease Expiration (6) | Second Largest Tenant | Second Largest Tenant Sq Ft | Second Largest Tenant Lease Expiration (6) | Third Largest Tenant | Third Largest Tenant Sq Ft | Third Largest Tenant Lease Expiration (6) | Fourth Largest Tenant | Fourth Largest Tenant Sq Ft |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 75,475 | 10/31/2029 | NAP | NAP | NAP | |||||
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 291,528 | 11/30/2028 | Allstate Insurance Company | 257,393 | 12/31/2027 | Classic Graphics | 238,744 | 1/31/2026 | Alight Solutions LLC | 216,377 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 149,508 | 9/30/2029 | Manatt Phelps | 116,366 | 4/30/2035 | JPMorgan | 97,726 | 8/31/2021 | Kirkland & Ellis | 85,664 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | ||||||||||
4.01 | Property | Londonderry / Manufacturing | 376,294 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.02 | Property | Dartmouth / Manufacturing | 235,239 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.03 | Property | Waltham Corporate | 54,400 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.04 | Property | Woburn | 76,054 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.05 | Property | Nashua | 111,594 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.06 | Property | Woburn CPD | 59,800 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.07 | Property | (West) Bridgewater | 81,776 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.08 | Property | Manchester, NH | 81,747 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.09 | Property | Norwalk 256 | 40,232 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.10 | Property | New London | 70,642 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.11 | Property | East Haven | 70,089 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.12 | Property | Lincoln | 80,240 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.13 | Property | Bethlehem | 71,091 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.14 | Property | Salem | 58,286 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.15 | Property | Norwalk 260 | 30,000 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.16 | Property | Berlin | 43,796 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.17 | Property | Dartmouth | 63,117 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.18 | Property | Manchester, CT | 49,175 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.19 | Property | Portland | 48,145 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.20 | Property | Braintree | 32,531 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.21 | Property | Warwick | 43,899 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.22 | Property | Fitchburg | 39,433 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.23 | Property | Auburn | 37,132 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.24 | Property | Berlin CPD | 28,163 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.25 | Property | Portsmouth | 31,470 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.26 | Property | Southampton | 36,421 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.27 | Property | Wilkes-Barre | 32,200 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.28 | Property | Hyannis | 24,070 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.29 | Property | Springfield | 25,347 | 10/21/2039 | NAP | NAP | NAP | ||||||||
4.30 | Property | White River Junction | 13,736 | 10/21/2039 | NAP | NAP | NAP | ||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 97,000 | 12/31/2032 | Kohl’s | 87,327 | 1/31/2032 | Cinepolis | 52,750 | 12/31/2031 | Field & Stream | 50,470 |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 40,628 | 8/31/2027 | Nordstrom Rack | 33,036 | 4/30/2027 | Sierra Trading Post | 21,504 | 5/31/2027 | Nike | 17,152 |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 30,326 | 6/30/2036 | Marshalls | 26,020 | 5/31/2026 | Michaels | 18,141 | 2/28/2026 | RGN-Chicago XXXII LLC | 16,614 |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | ||||||||||
8.01 | Property | 199 Avenue B Northwest | 46,130 | 11/30/2028 | IF&D Data Center LLC | 37,442 | 12/31/2032 | Frontier | 30,373 | 10/31/2039 | Protected Trust | 9,216 | |||
8.02 | Property | 200 Avenue B Northwest | 11,447 | 10/31/2024 | Windstream Communications | 11,179 | 6/30/2021 | DSM Technology Consultants | 9,005 | 12/31/2022 | Crown Castle Fiber LLC | 3,363 | |||
8.03 | Property | 331 West Central Avenue | 5,653 | 12/31/2024 | The Results Companies LLC | 4,206 | 8/14/2021 | C & C Global Investments Inc. | 2,437 | 7/31/2021 | Tsunami Sushi | 2,147 | |||
8.04 | Property | 300 3rd Street Southwest | 11,935 | 10/31/2023 | Posh Salon Suites, Inc. | 4,000 | 10/31/2023 | NAP | NAP | ||||||
8.05 | Property | 250 3rd Street Northwest | 4,131 | 5/31/2020 | Advanced Orthopedic Surgery | 3,576 | 5/16/2024 | Polk Therapy LLC | 1,858 | 5/15/2024 | Everything About Smiles Orthodontics | 1,777 | |||
8.06 | Property | 203 Avenue A Northwest | 8,381 | 4/30/2024 | Nurse on Call, Inc. | 8,182 | 10/31/2020 | Wells Fargo Bank | 4,687 | 4/30/2021 | 3B Medical Inc. | 1,114 | |||
8.07 | Property | 337 West Central Avenue | 3,061 | 11/30/2020 | Wauchula State Bank | 2,780 | 12/31/2021 | Inside Out Fitness Co-Op, LLC | 2,060 | 9/30/2020 | Mackie Industries Inc. | 1,388 | |||
8.08 | Property | 401 3rd Street Southwest | 6,660 | 10/31/2023 | Regional Health Diagnostics Inc | 2,283 | 10/31/2023 | NAP | NAP | ||||||
8.09 | Property | 242 West Central Avenue | 8,017 | 11/30/2021 | NAP | NAP | NAP | ||||||||
8.10 | Property | 56 - 58 4th Street Northwest | 4,536 | 12/31/2032 | Tempo 1930 | 2,000 | 6/11/2022 | Central Florida Media Group, LLC | 1,242 | 1/31/2020 | Abercrombie PA | 580 | |||
8.11 | Property | 245 West Central Avenue | 3,600 | 6/30/2024 | Norris & Company Realty, LLC | 2,267 | 5/31/2024 | The Treasured Olive | 1,258 | 12/31/2024 | NAP | ||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | 5,353 | 12/31/2023 | Old Winter Haven Pub | 2,280 | 12/12/2025 | NAP | NAP | ||||||
8.13 | Property | 249 3rd Street Southwest | 4,667 | 12/31/2023 | Fred Simons III | 1,108 | 2/1/2021 | NAP | NAP | ||||||
8.14 | Property | 254 West Central Avenue | 2,584 | 11/30/2020 | Confection Crypt LLC | 691 | 6/1/2020 | Luba Winters | 681 | 11/30/2020 | Beauty Experience Studio | 333 | |||
8.15 | Property | 226 West Central Avenue | 3,125 | 9/30/2022 | NAP | NAP | NAP | ||||||||
8.16 | Property | 225 Avenue D Northwest | NAP | NAP | NAP | ||||||||||
8.17 | Property | 305 Avenue E Southwest | 4,889 | 8/31/2022 | NAP | NAP | NAP | ||||||||
8.18 | Property | 230 West Central Avenue | 2,506 | 9/30/2022 | NAP | NAP | NAP | ||||||||
8.19 | Property | 220 West Central Avenue | NAP | NAP | NAP | ||||||||||
8.20 | Property | 239 3rd Street Southwest | 2,000 | 7/31/2021 | NAP | NAP | NAP | ||||||||
8.21 | Property | 243 3rd Street Southwest | 1,184 | 4/30/2021 | NAP | NAP | NAP | ||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 212,572 | 7/31/2029 | Deloitte, LLP | 94,378 | 8/31/2027 | Splunk Inc | 57,521 | 5/31/2022 | Morgan Franklin | 28,553 |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 88,270 | 8/31/2028 | Dave & Busters | 46,953 | 11/30/2022 | TJ Maxx | 29,956 | 10/31/2020 | H&M | 25,025 |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | ||||||||||
11.01 | Property | 137 West 141st Street | NAP | NAP | NAP | ||||||||||
11.02 | Property | 117 West 141st Street | NAP | NAP | NAP | ||||||||||
11.03 | Property | 127 West 141st Street | NAP | NAP | NAP | ||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 128,234 | 5/31/2030 | Best Buy | 45,720 | 1/31/2026 | BMO Harris Bank | 4,750 | 8/31/2025 | NAP | |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 151,064 | 5/31/2029 | NAP | NAP | NAP | |||||
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 65,000 | 3/31/2039 | NAP | NAP | NAP | |||||
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | NAP | NAP | NAP | ||||||||
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | ||||||||||
16.01 | Property | 610 Main Street North | 270,056 | 12/31/2031 | Sulmona Restaurant Group | 3,355 | 2/28/2027 | Café Luna | 2,328 | 3/31/2027 | Boston Burger | 1,984 | |||
16.02 | Property | 1 Portland Street | 229,330 | 1/31/2024 | NAP | NAP | NAP | ||||||||
16.03 | Property | 700 Main Street | 99,883 | 7/31/2024 | Lab Central Inc. | 68,996 | 3/31/2027 | NAP | NAP | ||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 152,633 | 5/31/2025 | ArenaNet | 96,839 | 5/31/2029 | WeWork | 78,303 | 12/31/2031 | Farmers | 61,327 |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | NAP | NAP | NAP | |||||||
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 118,630 | 6/30/2025 | Cameron International Corp. | 106,801 | 11/30/2023 | NAP | NAP | |||
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | NAP | NAP | NAP | |||||||
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 10,000 | 2/1/2028 | Bronx Coworking Space | 9,000 | 11/30/2027 | Bronx NET | 6,400 | 3/1/2021 | Central Park Physical Medicine | 6,000 |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 61,644 | 10/31/2024 | Luv 2 Play | 9,983 | 11/30/2027 | King Buffet | 8,002 | 10/31/2021 | Gene Allens Gifts/Hallmark | 4,480 | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | |||||||||||
23.01 | Property | 79-85 Fairview Avenue | NAP | NAP | NAP | ||||||||||
23.02 | Property | 649 West 184th Street | NAP | NAP | NAP | ||||||||||
23.03 | Property | 325 Wadsworth Avenue | NAP | NAP | NAP | ||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | NAP | NAP | NAP | ||||||||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 27,059 | 8/31/2028 | Salon 4 Suites | 4,770 | 6/30/2029 | Richi’s Diner | 4,200 | 9/30/2029 | Interdent Service Co | 3,587 |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 57,776 | 12/31/2023 | Guitar Center | 16,000 | 5/31/2028 | Dalene Flooring | 14,500 | 2/14/2027 | The Dog House | 6,592 | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 5,705 | 1/31/2030 | NAP | NAP | NAP | |||||
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | NAP | NAP | NAP | |||||||
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 12,394 | 10/31/2021 | Christine Bienefeld MD | 7,004 | 11/30/2024 | Dr. Sharon Cobham | 5,126 | 6/30/2020 | Orbock Ruark & Dillard | 4,852 |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | NAP | NAP | NAP | |||||||
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | NAP | NAP | NAP | ||||||||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | NAP | NAP | NAP |
Page 9 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Fourth Largest Tenant Lease Expiration (6) | Fifth Largest Tenant | Fifth Largest Tenant Sq Ft | Fifth Largest Tenant Lease Expiration (6) | Environmental Phase I Report Date | Environmental Phase II Y/N | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | NAP | 9/23/2019 | No | NAP | 9/20/2019 | 9/23/2019 | 7% | |||
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 11/30/2025 | Wells Fargo Bank | 196,613 | 3/31/2025 | 8/8/2019 | No | NAP | 8/8/2019 | NAP | NAP |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 12/31/2034 | Greenberg Glusker | 83,199 | 2/28/2035 | 10/15/2019 | No | NAP | 10/11/2019 | 10/11/2019 | 18% |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | ||||||||||
4.01 | Property | Londonderry / Manufacturing | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.02 | Property | Dartmouth / Manufacturing | NAP | 8/28/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.03 | Property | Waltham Corporate | NAP | 8/27/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.04 | Property | Woburn | NAP | 8/29/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.05 | Property | Nashua | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.06 | Property | Woburn CPD | NAP | 8/29/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.07 | Property | (West) Bridgewater | NAP | 8/25/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.08 | Property | Manchester, NH | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.09 | Property | Norwalk 256 | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.10 | Property | New London | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.11 | Property | East Haven | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.12 | Property | Lincoln | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.13 | Property | Bethlehem | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.14 | Property | Salem | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.15 | Property | Norwalk 260 | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.16 | Property | Berlin | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.17 | Property | Dartmouth | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.18 | Property | Manchester, CT | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.19 | Property | Portland | NAP | 8/29/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.20 | Property | Braintree | NAP | 8/25/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.21 | Property | Warwick | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.22 | Property | Fitchburg | NAP | 8/29/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.23 | Property | Auburn | NAP | 8/28/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.24 | Property | Berlin CPD | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.25 | Property | Portsmouth | NAP | 8/28/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.26 | Property | Southampton | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.27 | Property | Wilkes-Barre | NAP | 8/30/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
4.28 | Property | Hyannis | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.29 | Property | Springfield | NAP | 8/30/2019 | No | NAP | 9/6/2019 | NAP | NAP | ||||||
4.30 | Property | White River Junction | NAP | 8/29/2019 | No | NAP | 9/5/2019 | NAP | NAP | ||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 1/31/2030 | TJ Maxx/HomeGoods | 45,000 | 10/31/2023 | 8/2/2019 | No | NAP | 8/2/2019 | NAP | NAP |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 1/31/2028 | DSW | 17,038 | 1/31/2028 | 8/21/2019 | No | NAP | 8/21/2019 | NAP | NAP |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 7/31/2026 | Hyde Park OneFish TwoFish LLC | 5,255 | 7/31/2027 | 6/13/2019 | No | NAP | 6/10/2019 | NAP | NAP |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | ||||||||||
8.01 | Property | 199 Avenue B Northwest | 7/31/2033 | BayCare Health Systems | 9,016 | 8/31/2020 | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||
8.02 | Property | 200 Avenue B Northwest | 4/30/2021 | Merlin Entertainments Group of FL | 2,228 | 5/31/2020 | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||
8.03 | Property | 331 West Central Avenue | 3/31/2023 | Veterinary Healthcare Associates Inc | 1,908 | 2/28/2021 | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||
8.04 | Property | 300 3rd Street Southwest | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.05 | Property | 250 3rd Street Northwest | 10/31/2024 | Bank of Central Florida | 1,764 | 5/31/2023 | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||
8.06 | Property | 203 Avenue A Northwest | 10/31/2021 | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||||
8.07 | Property | 337 West Central Avenue | 1/31/2020 | Florida Frodge Group | 634 | 5/31/2020 | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||
8.08 | Property | 401 3rd Street Southwest | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.09 | Property | 242 West Central Avenue | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.10 | Property | 56 - 58 4th Street Northwest | 6/30/2021 | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||||
8.11 | Property | 245 West Central Avenue | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.13 | Property | 249 3rd Street Southwest | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.14 | Property | 254 West Central Avenue | 11/30/2020 | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | |||||
8.15 | Property | 226 West Central Avenue | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.16 | Property | 225 Avenue D Northwest | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.17 | Property | 305 Avenue E Southwest | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.18 | Property | 230 West Central Avenue | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.19 | Property | 220 West Central Avenue | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.20 | Property | 239 3rd Street Southwest | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
8.21 | Property | 243 3rd Street Southwest | NAP | 8/13/2019 | No | NAP | 8/9/2019 | NAP | NAP | ||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 2/28/2027 | Reed Smith LLP | 28,553 | 7/31/2029 | 8/13/2019 | No | NAP | 8/13/2019 | NAP | NAP |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 1/31/2028 | Off Broadway Shoes | 21,554 | 1/31/2026 | 10/3/2019 | No | NAP | 10/3/2019 | NAP | NAP |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | ||||||||||
11.01 | Property | 137 West 141st Street | NAP | 9/13/2019 | No | NAP | 9/13/2019 | NAP | NAP | ||||||
11.02 | Property | 117 West 141st Street | NAP | 9/13/2019 | No | NAP | 9/13/2019 | NAP | NAP | ||||||
11.03 | Property | 127 West 141st Street | NAP | 9/13/2019 | No | NAP | 9/13/2019 | NAP | NAP | ||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | NAP | 10/4/2019 | No | NAP | 10/2/2019 | NAP | NAP | |||
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | NAP | 8/27/2019 | No | NAP | 8/26/2019 | 8/26/2019 | 6% | |||
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | NAP | 8/27/2019 | No | NAP | 8/27/2019 | NAP | NAP | |||
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | NAP | 10/16/2019 | No | NAP | 10/16/2019 | NAP | NAP | ||||
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | ||||||||||
16.01 | Property | 610 Main Street North | 9/30/2027 | Revela | 1,015 | 7/31/2027 | 4/10/2019 | No | NAP | 4/10/2019 | NAP | NAP | |||
16.02 | Property | 1 Portland Street | NAP | 4/10/2019 | No | NAP | 4/10/2019 | NAP | NAP | ||||||
16.03 | Property | 700 Main Street | NAP | 4/10/2019 | No | NAP | 4/10/2019 | NAP | NAP | ||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 5/31/2029 | GM Cruise | 32,331 | 11/30/2026 | 8/28/2019 | No | NAP | 8/28/2019 | 7/25/2019 | 7%-9% |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | NAP | 8/29/2019 | No | NAP | 8/29/2019 | NAP | NAP | |||
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | NAP | 9/5/2019 | No | NAP | 9/5/2019 | NAP | NAP | |||
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | NAP | 7/9/2019 | No | NAP | 10/1/2019 | NAP | NAP | |||
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 5/31/2020 | Diabetes Relief Center Bronx Leasing LLC | 5,500 | 1/31/2023 | 9/4/2019 | No | NAP | 9/4/2019 | NAP | NAP |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 5/31/2022 | Bricks & Minifigs | 3,944 | 1/31/2023 | 9/18/2019 | No | NAP | 9/16/2019 | NAP | NAP | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | |||||||||||
23.01 | Property | 79-85 Fairview Avenue | NAP | 9/12/2019 | No | NAP | 9/12/2019 | NAP | NAP | ||||||
23.02 | Property | 649 West 184th Street | NAP | 9/12/2019 | No | NAP | 9/12/2019 | NAP | NAP | ||||||
23.03 | Property | 325 Wadsworth Avenue | NAP | 9/12/2019 | No | NAP | 9/12/2019 | NAP | NAP | ||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | NAP | 7/10/2019 | No | NAP | 7/11/2019 | NAP | NAP | ||||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 2/28/2021 | Booty’s Bar & Grill | 3,560 | 8/31/2022 | 9/24/2019 | No | NAP | 9/18/2019 | NAP | NAP |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 2/29/2024 | Morning Star Books | 6,050 | 11/30/2022 | 9/5/2019 | No | NAP | 9/6/2019 | NAP | NAP | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | NAP | 10/3/2019 | No | NAP | 10/2/2019 | NAP | NAP | |||
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | NAP | 9/3/2019 | No | NAP | 9/3/2019 | 9/3/2019 | 9% | |||
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 12/31/2019 | Grandfather Homes | 4,220 | 3/31/2020 | 9/26/2019 | No | NAP | 9/25/2019 | NAP | NAP |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | NAP | 6/12/2019 | No | NAP | 6/12/2019 | NAP | NAP | |||
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | NAP | 9/25/2019 | No | NAP | 9/25/2019 | NAP | NAP | ||||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | NAP | 4/9/2019 | No | NAP | 4/9/2019 | NAP | NAP |
Page 10 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Earthquake Insurance Required Y/N | Upfront RE Tax Reserve ($) | Ongoing RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Ongoing Insurance Reserve ($) | Upfront Replacement Reserve ($) | Ongoing Replacement Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Ongoing TI/LC Reserve ($) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | No | 42,604 | 23,341 | 28,925 | 3,616 | 0 | 1,258 | 30,190 | 0 | 0 |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | No | 441,662 | 147,221 | 0 | 0 | 30,912 | 30,912 | 0 | 115,921 | 115,921 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4.01 | Property | Londonderry / Manufacturing | No | ||||||||||||
4.02 | Property | Dartmouth / Manufacturing | No | ||||||||||||
4.03 | Property | Waltham Corporate | No | ||||||||||||
4.04 | Property | Woburn | No | ||||||||||||
4.05 | Property | Nashua | No | ||||||||||||
4.06 | Property | Woburn CPD | No | ||||||||||||
4.07 | Property | (West) Bridgewater | No | ||||||||||||
4.08 | Property | Manchester, NH | No | ||||||||||||
4.09 | Property | Norwalk 256 | No | ||||||||||||
4.10 | Property | New London | No | ||||||||||||
4.11 | Property | East Haven | No | ||||||||||||
4.12 | Property | Lincoln | No | ||||||||||||
4.13 | Property | Bethlehem | No | ||||||||||||
4.14 | Property | Salem | No | ||||||||||||
4.15 | Property | Norwalk 260 | No | ||||||||||||
4.16 | Property | Berlin | No | ||||||||||||
4.17 | Property | Dartmouth | No | ||||||||||||
4.18 | Property | Manchester, CT | No | ||||||||||||
4.19 | Property | Portland | No | ||||||||||||
4.20 | Property | Braintree | No | ||||||||||||
4.21 | Property | Warwick | No | ||||||||||||
4.22 | Property | Fitchburg | No | ||||||||||||
4.23 | Property | Auburn | No | ||||||||||||
4.24 | Property | Berlin CPD | No | ||||||||||||
4.25 | Property | Portsmouth | No | ||||||||||||
4.26 | Property | Southampton | No | ||||||||||||
4.27 | Property | Wilkes-Barre | No | ||||||||||||
4.28 | Property | Hyannis | No | ||||||||||||
4.29 | Property | Springfield | No | ||||||||||||
4.30 | Property | White River Junction | No | ||||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | No | 1,416,313 | 236,052 | 28,569 | 9,523 | 0 | 8,127 | 292,582 | 750,000 | 67,728 |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | No | 300,551 | 60,110 | 58,510 | 4,876 | 0 | 1,660 | 0 | 0 | 14,441 |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | No | 360,081 | 120,027 | 70,907 | 8,863 | 4,834 | 4,834 | 0 | 11,465 | 11,465 |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | No | 26,553 | 26,553 | 0 | 0 | 0 | 6,427 | 231,367 | 0 | 32,134 |
8.01 | Property | 199 Avenue B Northwest | No | ||||||||||||
8.02 | Property | 200 Avenue B Northwest | No | ||||||||||||
8.03 | Property | 331 West Central Avenue | No | ||||||||||||
8.04 | Property | 300 3rd Street Southwest | No | ||||||||||||
8.05 | Property | 250 3rd Street Northwest | No | ||||||||||||
8.06 | Property | 203 Avenue A Northwest | No | ||||||||||||
8.07 | Property | 337 West Central Avenue | No | ||||||||||||
8.08 | Property | 401 3rd Street Southwest | No | ||||||||||||
8.09 | Property | 242 West Central Avenue | No | ||||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | No | ||||||||||||
8.11 | Property | 245 West Central Avenue | No | ||||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | No | ||||||||||||
8.13 | Property | 249 3rd Street Southwest | No | ||||||||||||
8.14 | Property | 254 West Central Avenue | No | ||||||||||||
8.15 | Property | 226 West Central Avenue | No | ||||||||||||
8.16 | Property | 225 Avenue D Northwest | No | ||||||||||||
8.17 | Property | 305 Avenue E Southwest | No | ||||||||||||
8.18 | Property | 230 West Central Avenue | No | ||||||||||||
8.19 | Property | 220 West Central Avenue | No | ||||||||||||
8.20 | Property | 239 3rd Street Southwest | No | ||||||||||||
8.21 | Property | 243 3rd Street Southwest | No | ||||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | No | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 0 | 0 |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | No | 3,569,900 | 594,983 | 0 | 0 | 0 | 9,955 | 0 | 10,000,000 | 0 |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | No | 199,821 | 39,964 | 77,963 | 8,663 | 0 | 3,552 | 0 | 0 | 0 |
11.01 | Property | 137 West 141st Street | No | ||||||||||||
11.02 | Property | 117 West 141st Street | No | ||||||||||||
11.03 | Property | 127 West 141st Street | No | ||||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | No | 0 | 0 | 0 | 0 | 0 | 2,234 | 0 | 0 | 5,065 |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | No | 0 | 0 | 0 | 0 | 75,532 | 0 | 75,532 | 0 | 0 |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | No | 311,439 | 62,288 | 0 | 0 | 4,875 | 5,415 | 0 | 0 | 0 |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | No | 60,496 | 30,248 | 155,377 | 15,538 | 352,200 | 7,833 | 0 | 0 | 0 | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
16.01 | Property | 610 Main Street North | No | ||||||||||||
16.02 | Property | 1 Portland Street | No | ||||||||||||
16.03 | Property | 700 Main Street | No | ||||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | No | 153,562 | 153,562 | 166,282 | 33,256 | 12,375 | 12,375 | 445,499 | 38,672 | 38,672 |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | No | 460,682 | 115,170 | 0 | 0 | 0 | 4% of Gross Revenues | 0 | 0 | 0 |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | No | 1,535,640 | 139,493 | 0 | 0 | 3,784 | 3,784 | 0 | 1,500,000 | 23,651 |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | No | 40,201 | 40,201 | 4,053 | 6,422 | 0 | 0 | 0 | 0 | 0 |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | No | 192,126 | 0 | 38,434 | 3,203 | 0 | 948 | 22,760 | 0 | 4,916 |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | No | 13,203 | 26,169 | 0 | 0 | 1,519 | 1,519 | 72,890 | 9,583 | 9,583 | |
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | No | 86,604 | 17,321 | 11,545 | 2,309 | 0 | 1,458 | 0 | 0 | 0 | |
23.01 | Property | 79-85 Fairview Avenue | No | ||||||||||||
23.02 | Property | 649 West 184th Street | No | ||||||||||||
23.03 | Property | 325 Wadsworth Avenue | No | ||||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | No | 116,074 | 12,897 | 46,973 | 5,219 | 0 | 4% of Gross Revenues | 0 | 0 | 0 | |
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | No | 44,279 | 14,760 | 17,001 | 1,417 | 0 | 1,228 | 44,208 | 0 | 5,339 |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | No | 139,868 | 27,974 | 16,369 | 0 | 0 | 3,265 | 0 | 53,500 | 6,996 | |
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | No | 6,662 | 606 | 15,794 | 2,256 | 0 | 438 | 0 | 0 | 285 |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | No | 17,964 | 10,116 | 1,113 | 1,113 | 0 | 4% of Gross Revenue | 0 | 0 | 0 |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | No | 0 | 10,461 | 1,668 | 834 | 0 | 2,325 | 0 | 125,000 | 9,178 |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | No | 89,581 | 14,930 | 0 | 0 | 417 | 417 | 0 | 0 | 0 |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | No | 6,853 | 3,427 | 4,591 | 765 | 0 | 465 | 0 | 0 | 0 | |
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | No | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Page 11 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Ongoing Debt Service Reserve ($) | Upfront Deferred Maintenance Reserve ($) | Ongoing Deferred Maintenance Reserve ($) | Upfront Environmental Reserve ($) | Ongoing Environmental Reserve ($) | Upfront Other Reserve ($) | Ongoing Other Reserve ($) | Other Reserve Description |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,000 | 0 | 23andMe Reserve |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 1,400,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,769,680 | 0 | Outstanding TI/LC Reserve ($71,223,945.39); Free Rent Reserve ($29,545,734.88) |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
4.01 | Property | Londonderry / Manufacturing | |||||||||||||
4.02 | Property | Dartmouth / Manufacturing | |||||||||||||
4.03 | Property | Waltham Corporate | |||||||||||||
4.04 | Property | Woburn | |||||||||||||
4.05 | Property | Nashua | |||||||||||||
4.06 | Property | Woburn CPD | |||||||||||||
4.07 | Property | (West) Bridgewater | |||||||||||||
4.08 | Property | Manchester, NH | |||||||||||||
4.09 | Property | Norwalk 256 | |||||||||||||
4.10 | Property | New London | |||||||||||||
4.11 | Property | East Haven | |||||||||||||
4.12 | Property | Lincoln | |||||||||||||
4.13 | Property | Bethlehem | |||||||||||||
4.14 | Property | Salem | |||||||||||||
4.15 | Property | Norwalk 260 | |||||||||||||
4.16 | Property | Berlin | |||||||||||||
4.17 | Property | Dartmouth | |||||||||||||
4.18 | Property | Manchester, CT | |||||||||||||
4.19 | Property | Portland | |||||||||||||
4.20 | Property | Braintree | |||||||||||||
4.21 | Property | Warwick | |||||||||||||
4.22 | Property | Fitchburg | |||||||||||||
4.23 | Property | Auburn | |||||||||||||
4.24 | Property | Berlin CPD | |||||||||||||
4.25 | Property | Portsmouth | |||||||||||||
4.26 | Property | Southampton | |||||||||||||
4.27 | Property | Wilkes-Barre | |||||||||||||
4.28 | Property | Hyannis | |||||||||||||
4.29 | Property | Springfield | |||||||||||||
4.30 | Property | White River Junction | |||||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 1,000,000 | 0 | 0 | 154,110 | 0 | 0 | 0 | 243,805 | 20,833 | Unfunded Obligations Reserve (Upfront: $243,804.75); Ring Road Reserve (Monthly: $20,833) |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400,000 | 0 | Forever 21 TI/LC Reserve |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 687,888 | 0 | 0 | 0 | 0 | 0 | 0 | 446,473 | 0 | Outstanding TI/LC Reserve ($421,473); OneFish TwoFish Reserve ($25,000) |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 1,156,836 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
8.01 | Property | 199 Avenue B Northwest | |||||||||||||
8.02 | Property | 200 Avenue B Northwest | |||||||||||||
8.03 | Property | 331 West Central Avenue | |||||||||||||
8.04 | Property | 300 3rd Street Southwest | |||||||||||||
8.05 | Property | 250 3rd Street Northwest | |||||||||||||
8.06 | Property | 203 Avenue A Northwest | |||||||||||||
8.07 | Property | 337 West Central Avenue | |||||||||||||
8.08 | Property | 401 3rd Street Southwest | |||||||||||||
8.09 | Property | 242 West Central Avenue | |||||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | |||||||||||||
8.11 | Property | 245 West Central Avenue | |||||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | |||||||||||||
8.13 | Property | 249 3rd Street Southwest | |||||||||||||
8.14 | Property | 254 West Central Avenue | |||||||||||||
8.15 | Property | 226 West Central Avenue | |||||||||||||
8.16 | Property | 225 Avenue D Northwest | |||||||||||||
8.17 | Property | 305 Avenue E Southwest | |||||||||||||
8.18 | Property | 230 West Central Avenue | |||||||||||||
8.19 | Property | 220 West Central Avenue | |||||||||||||
8.20 | Property | 239 3rd Street Southwest | |||||||||||||
8.21 | Property | 243 3rd Street Southwest | |||||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 1,321,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 2,500,000 | 0 | 0 | 227,700 | 0 | 0 | 0 | 0 | 0 | |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 0 | 0 | 0 | 42,900 | 0 | 0 | 0 | 0 | 0 | |
11.01 | Property | 137 West 141st Street | |||||||||||||
11.02 | Property | 117 West 141st Street | |||||||||||||
11.03 | Property | 127 West 141st Street | |||||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 0 | 0 | 0 | 78,950 | 0 | 0 | 0 | 0 | 0 | |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,085,120 | 0 | Outstanding TI/LC Reserve |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 0 | 129,173 | 0 | 89,688 | 0 | 0 | 0 | 12,500 | 0 | Sand Trap Installation Reserve | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
16.01 | Property | 610 Main Street North | |||||||||||||
16.02 | Property | 1 Portland Street | |||||||||||||
16.03 | Property | 700 Main Street | |||||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 928,122 | 0 | 0 | 0 | 0 | 0 | 0 | 14,787,464 | 0 | Outstanding TI/LC Reserve ($14,380,753.87); Free Rent Reserve ($406,709.78) |
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 0 | 0 | 0 | 382,383 | 0 | 0 | 0 | 3,090,409 | 18,745 | PIP Reserve (Upfront: $1,687,534.46); Working Capital Reserve (Upfront: $902,874.64); Seasonality Reserve (Upfront: $500,000); Condominium Reserve (Monthly: $18,745) |
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 851,419 | 0 | 0 | 37,500 | 0 | 0 | 0 | 0 | 0 | |
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | 0 | 0 | 0 | 0 | 0 | 389,950 | 0 | 0 | 0 | |
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | 460,000 | 0 | 0 | 219,554 | 0 | 0 | 0 | 0 | 0 | ||
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 0 | 0 | 0 | 165,330 | 0 | 0 | 0 | 0 | 0 | ||
23.01 | Property | 79-85 Fairview Avenue | |||||||||||||
23.02 | Property | 649 West 184th Street | |||||||||||||
23.03 | Property | 325 Wadsworth Avenue | |||||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | 320,355 | 0 | 0 | 0 | 0 | 0 | 0 | 300,327 | 0 | Unfunded Obligations Reserve ($239,405.49); Free Rent Reserve ($60,921.83) |
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | 0 | 0 | 0 | 35,778 | 0 | 0 | 0 | 0 | 0 | ||
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | 17,350 | 0 | 0 | 0 | 0 | 0 | 0 | 171,150 | 0 | Unfunded Obligations Reserve ($142,625); Free Rent Reserve ($28,525) |
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85,250 | 17,500 | Seasonal Working Capital Reserve (Monthly: $17,500); C&D Claims Reserve (Upfront: $85,250) |
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 40,000 | 0 | Outstanding TI/LC Reserve |
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Page 12 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Borrower Name | Delaware Statutory Trust? Y/N | Carve-out Guarantor | Loan Purpose | Loan Amount (sources) ($) | Principal’s New Cash Contribution ($) (7) | Subordinate Debt ($) | Other Sources ($) | Total Sources ($) | Loan Payoff ($) |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 899 West Evelyn, LLC | No | Daniel Marc Minkoff and Terry Lee Maas | Refinance | 75,000,000 | 0 | 0 | 0 | 75,000,000 | 24,406,042 |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | BRI 1881 Innovation Park, LLC | No | Aleph Investment Properties (US), LLLP and Aleph Investment Properties, LLLP | Acquisition | 182,250,000 | 101,642,381 | 0 | 0 | 283,892,381 | 0 |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | One Hundred Towers L.L.C. | No | NAP | Refinance | 900,000,000 | 0 | 300,000,000 | 0 | 1,200,000,000 | 823,449,563 |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | AGNL Pane, L.L.C. | No | AG Net Lease IV Corp. | Acquisition | 160,000,000 | 70,172,133 | 0 | 2,978,804 | 233,150,937 | 0 |
4.01 | Property | Londonderry / Manufacturing | |||||||||||||
4.02 | Property | Dartmouth / Manufacturing | |||||||||||||
4.03 | Property | Waltham Corporate | |||||||||||||
4.04 | Property | Woburn | |||||||||||||
4.05 | Property | Nashua | |||||||||||||
4.06 | Property | Woburn CPD | |||||||||||||
4.07 | Property | (West) Bridgewater | |||||||||||||
4.08 | Property | Manchester, NH | |||||||||||||
4.09 | Property | Norwalk 256 | |||||||||||||
4.10 | Property | New London | |||||||||||||
4.11 | Property | East Haven | |||||||||||||
4.12 | Property | Lincoln | |||||||||||||
4.13 | Property | Bethlehem | |||||||||||||
4.14 | Property | Salem | |||||||||||||
4.15 | Property | Norwalk 260 | |||||||||||||
4.16 | Property | Berlin | |||||||||||||
4.17 | Property | Dartmouth | |||||||||||||
4.18 | Property | Manchester, CT | |||||||||||||
4.19 | Property | Portland | |||||||||||||
4.20 | Property | Braintree | |||||||||||||
4.21 | Property | Warwick | |||||||||||||
4.22 | Property | Fitchburg | |||||||||||||
4.23 | Property | Auburn | |||||||||||||
4.24 | Property | Berlin CPD | |||||||||||||
4.25 | Property | Portsmouth | |||||||||||||
4.26 | Property | Southampton | |||||||||||||
4.27 | Property | Wilkes-Barre | |||||||||||||
4.28 | Property | Hyannis | |||||||||||||
4.29 | Property | Springfield | |||||||||||||
4.30 | Property | White River Junction | |||||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | Austin Landing North, LLC | No | Soly Halabi and Joseph Simhon | Acquisition | 88,750,000 | 22,325,720 | 26,000,000 | 1,783,461 | 138,859,181 | 0 |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | KVS PropCo, LLC | No | Lawrence S. Bond, Robert J. Bond and Scott Stefanik | Refinance | 47,900,000 | 940,000 | 9,000,000 | 0 | 57,840,000 | 56,022,572 |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 1525 HP, LLC | No | LARP Holdings, LLC | Refinance | 112,000,000 | 3,010,250 | 0 | 0 | 115,010,250 | 112,000,000 |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | Metro Six/Ten, LLC | No | Carl J. Strang III and Six/Ten, LLC | Refinance/Acquisition | 39,000,000 | 0 | 0 | 0 | 39,000,000 | 32,500,094 |
8.01 | Property | 199 Avenue B Northwest | |||||||||||||
8.02 | Property | 200 Avenue B Northwest | |||||||||||||
8.03 | Property | 331 West Central Avenue | |||||||||||||
8.04 | Property | 300 3rd Street Southwest | |||||||||||||
8.05 | Property | 250 3rd Street Northwest | |||||||||||||
8.06 | Property | 203 Avenue A Northwest | |||||||||||||
8.07 | Property | 337 West Central Avenue | |||||||||||||
8.08 | Property | 401 3rd Street Southwest | |||||||||||||
8.09 | Property | 242 West Central Avenue | |||||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | |||||||||||||
8.11 | Property | 245 West Central Avenue | |||||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | |||||||||||||
8.13 | Property | 249 3rd Street Southwest | |||||||||||||
8.14 | Property | 254 West Central Avenue | |||||||||||||
8.15 | Property | 226 West Central Avenue | |||||||||||||
8.16 | Property | 225 Avenue D Northwest | |||||||||||||
8.17 | Property | 305 Avenue E Southwest | |||||||||||||
8.18 | Property | 230 West Central Avenue | |||||||||||||
8.19 | Property | 220 West Central Avenue | |||||||||||||
8.20 | Property | 239 3rd Street Southwest | |||||||||||||
8.21 | Property | 243 3rd Street Southwest | |||||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | Tysons Corner Office I LLC | No | NAP | Recapitalization | 190,000,000 | 0 | 0 | 0 | 190,000,000 | 0 |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | W-LD Legends Owner VII, L.L.C. | No | Walton Street Real Estate FUND VII, L.P., Walton Street Real Estate Investors VII, L.P., Walton Street Real Estate Fund VII-Q, L.P., Walton Street Real Estate Fund VII-E, L.P., Walton Street Real Estate Partners VII, L.P., Walton Street Real Estate Partners VII-NGE, L.P., Walton Street Real Estate Fund VII-NUS, L.P. and WSC Capital Holdings VII, L.P. | Refinance | 120,000,000 | 22,257,132 | 0 | 0 | 142,257,132 | 127,397,288 |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 117 West 141 DE LLC, 127 West 141 DE LLC and 137 West 141 DE LLC | No | Chaim Simkowitz | Refinance | 30,700,000 | 0 | 0 | 0 | 30,700,000 | 28,752,312 |
11.01 | Property | 137 West 141st Street | |||||||||||||
11.02 | Property | 117 West 141st Street | |||||||||||||
11.03 | Property | 127 West 141st Street | |||||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | Elston Development I LLC | No | Warren H. Baker and Marc A. Kahan | Refinance | 70,000,000 | 498,958 | 0 | 0 | 70,498,958 | 69,703,317 |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | Preylock Mountain View, LLC | No | Brett Michael Lipman and Farshid Steve Shokouhi | Acquisition | 137,900,000 | 58,663,716 | 0 | 0 | 196,563,716 | 0 |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | Site 2 DSA Residential LLC and Site 2 DSA Theater LLC | No | Taconic Development Capital LLC, L&M Development Partners Inc., Donald Capoccia, Brandon Baron and Joseph Ferrara | Refinance | 117,000,000 | 0 | 98,000,000 | 0 | 215,000,000 | 154,290,280 |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | Woodland Trace Atlanta Apartments LP | No | Alon Ossip, Ossip (2011) Trust and OSGA LP | Refinance | 23,335,000 | 0 | 0 | 0 | 23,335,000 | 13,794,557 | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 610 Main Street North Leasehold LLC, 610 Main Street South Leasehold LLC, 700 Main Street Leasehold LLC and 610-700 Main Garage Leasehold LLC | No | NAP | Acquisition | ||||||
16.01 | Property | 610 Main Street North | |||||||||||||
16.02 | Property | 1 Portland Street | |||||||||||||
16.03 | Property | 700 Main Street | |||||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | Sunset North Owner, LLC | No | Kennedy-Wilson Holdings, Inc. | Acquisition | ||||||
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | Cincinnati Netherland Hotel LLC | No | Greg A. Power | Refinance | ||||||
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | AG 8 West Centre, LLC | No | Azrieli Group Ltd. | Refinance | ||||||
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | Grande Associates Owner, LLC | No | Eric Harvitt and Michael Gottlieb | Acquisition | ||||||
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | Elidex Realty Owner LLC | No | Clement Saad and Leon Saad | Refinance | ||||||
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | JAHCO Vineyard LLC | No | John A. Henry & Co., LTD. | Refinance | |||||||
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | 85 Fairview DE LLC, 325 Wadsworth DE LLC and 649 West DE LLC | No | Chaim Simkowitz | Refinance | |||||||
23.01 | Property | 79-85 Fairview Avenue | |||||||||||||
23.02 | Property | 649 West 184th Street | |||||||||||||
23.03 | Property | 325 Wadsworth Avenue | |||||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 6519 Arena Blvd., LLC | No | Hans Lindberg | Refinance | |||||||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | Mountain Vista 18, LP | No | Rajan Rakeheja, Natasha Walia and Hekmat Alphin | Acquisition | ||||||
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | Delaware Hale Road Plaza LLC | No | Jacob Wintner | Refinance | |||||||
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | Hightop Spruce LLC | No | Ricky Liss and Howard Siegal | Refinance | ||||||
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | PRG Sands 2, LLC | No | Britton Shuford, David Dittmer and Clifford Lord, Jr. | Recapitalization | ||||||
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | JDTC Westgate LLC, MRG Greentree LLC, and Greentree Westgate LLC | No | Joel Scheider and David Kaufman | Acquisition | ||||||
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | Paramount Buildings (DE) LLC | No | Benjamin Shaoul, Hank Freid and Brandon Freid | Refinance | ||||||
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | CSGBSH SavannahGA I, LLC | No | George Thacker, Lawrence Charles Kaplan and Richard Schontz | Acquisition | |||||||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | Conwa Holdings LLC | No | Conthur Holdings II, LLC | Acquisition |
Page 13 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Purchase Price ($) | Closing Costs ($) | Reserves ($) | Principal Equity Distribution ($) | Other Uses ($) | Total Uses ($) | Lockbox | Cash Management | Cash Management Triggers | Ground Lease Y/N |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | 0 | 2,810,295 | 221,529 | 47,562,134 | 0 | 75,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Lease Sweep Period | No |
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 270,000,000 | 13,303,886 | 588,495 | 0 | 0 | 283,892,381 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.75x | No |
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 0 | 2,834,724 | 100,769,680 | 272,946,032 | 0 | 1,200,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 5.0% | No |
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 230,750,000 | 2,400,937 | 0 | 0 | 0 | 233,150,937 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Specified Tenant Trigger Period | No |
4.01 | Property | Londonderry / Manufacturing | No | ||||||||||||
4.02 | Property | Dartmouth / Manufacturing | No | ||||||||||||
4.03 | Property | Waltham Corporate | No | ||||||||||||
4.04 | Property | Woburn | No | ||||||||||||
4.05 | Property | Nashua | No | ||||||||||||
4.06 | Property | Woburn CPD | No | ||||||||||||
4.07 | Property | (West) Bridgewater | No | ||||||||||||
4.08 | Property | Manchester, NH | No | ||||||||||||
4.09 | Property | Norwalk 256 | No | ||||||||||||
4.10 | Property | New London | No | ||||||||||||
4.11 | Property | East Haven | No | ||||||||||||
4.12 | Property | Lincoln | No | ||||||||||||
4.13 | Property | Bethlehem | No | ||||||||||||
4.14 | Property | Salem | No | ||||||||||||
4.15 | Property | Norwalk 260 | No | ||||||||||||
4.16 | Property | Berlin | No | ||||||||||||
4.17 | Property | Dartmouth | No | ||||||||||||
4.18 | Property | Manchester, CT | No | ||||||||||||
4.19 | Property | Portland | No | ||||||||||||
4.20 | Property | Braintree | No | ||||||||||||
4.21 | Property | Warwick | No | ||||||||||||
4.22 | Property | Fitchburg | No | ||||||||||||
4.23 | Property | Auburn | No | ||||||||||||
4.24 | Property | Berlin CPD | No | ||||||||||||
4.25 | Property | Portsmouth | No | ||||||||||||
4.26 | Property | Southampton | No | ||||||||||||
4.27 | Property | Wilkes-Barre | No | ||||||||||||
4.28 | Property | Hyannis | No | ||||||||||||
4.29 | Property | Springfield | No | ||||||||||||
4.30 | Property | White River Junction | No | ||||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 134,500,000 | 1,766,384 | 2,592,797 | 0 | 0 | 138,859,181 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) Underwritten Net Cash Flow falling below $8,000,000, (iii) the occurrence of a Specified Tenant Trigger Period | No |
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 0 | 1,058,367 | 759,061 | 0 | 0 | 57,840,000 | Hard | In Place | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20 provided if a Forever 21 Cure Event has not occurred by July 28, 2020, DSCR is less than 1.25 until the occurrence of a Forever 21 Cure Event, (iii) the occurrence of a Specified Tenant Trigger Period, (iv) if Nike’s T12 sales are less than $475 PSF beginning April 21, 2021 | No |
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 0 | 2,116,490 | 893,760 | 0 | 0 | 115,010,250 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.10x | No |
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | 3,675,350 | 2,021,670 | 26,553 | 776,332 | 0 | 39,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of a Mezzanine Trigger Period, (iv) the occurrence of a Lease Sweep Period | No |
8.01 | Property | 199 Avenue B Northwest | No | ||||||||||||
8.02 | Property | 200 Avenue B Northwest | No | ||||||||||||
8.03 | Property | 331 West Central Avenue | No | ||||||||||||
8.04 | Property | 300 3rd Street Southwest | No | ||||||||||||
8.05 | Property | 250 3rd Street Northwest | No | ||||||||||||
8.06 | Property | 203 Avenue A Northwest | No | ||||||||||||
8.07 | Property | 337 West Central Avenue | No | ||||||||||||
8.08 | Property | 401 3rd Street Southwest | No | ||||||||||||
8.09 | Property | 242 West Central Avenue | No | ||||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | No | ||||||||||||
8.11 | Property | 245 West Central Avenue | No | ||||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | No | ||||||||||||
8.13 | Property | 249 3rd Street Southwest | No | ||||||||||||
8.14 | Property | 254 West Central Avenue | No | ||||||||||||
8.15 | Property | 226 West Central Avenue | No | ||||||||||||
8.16 | Property | 225 Avenue D Northwest | No | ||||||||||||
8.17 | Property | 305 Avenue E Southwest | No | ||||||||||||
8.18 | Property | 230 West Central Avenue | No | ||||||||||||
8.19 | Property | 220 West Central Avenue | No | ||||||||||||
8.20 | Property | 239 3rd Street Southwest | No | ||||||||||||
8.21 | Property | 243 3rd Street Southwest | No | ||||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 0 | 1,453,877 | 0 | 188,546,123 | 0 | 190,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | No |
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 0 | 1,062,245 | 13,797,600 | 0 | 0 | 142,257,132 | Hard | Springing | (i) the occurrence of an Event of Default, ii) Bankruptcy Action of Borrower, Guarantor or Manager, iii) Debt Yield is less than 8.0%, iv) Guarantor failing to provide Lender with the financial statements | No |
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | 0 | 430,180 | 320,683 | 1,196,825 | 0 | 30,700,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0% | No |
11.01 | Property | 137 West 141st Street | No | ||||||||||||
11.02 | Property | 117 West 141st Street | No | ||||||||||||
11.03 | Property | 127 West 141st Street | No | ||||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 0 | 716,692 | 78,950 | 0 | 0 | 70,498,958 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Specified Tenant Trigger Period | No |
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 190,000,000 | 7,396,434 | 12,160,652 | 0 | (12,993,370) | 196,563,716 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x, (iii) the occurrence of an Major Tenant Trigger Event | No |
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 0 | 2,880,941 | 316,314 | 57,512,465 | 0 | 215,000,000 | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.15x, (iv) the occurrence of an Mezzanine Loan Event of Default | No |
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | 0 | 616,100 | 799,434 | 8,124,909 | 0 | 23,335,000 | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x | No | |
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.25x, (iv) the occurrence of a Tenant Trigger | Yes | ||||||
16.01 | Property | 610 Main Street North | Yes | ||||||||||||
16.02 | Property | 1 Portland Street | Yes | ||||||||||||
16.03 | Property | 700 Main Street | Yes | ||||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.50x, (iv) Tenant Trigger Event | No | ||||||
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | Hard | In Place | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.35x | No | ||||||
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | Hard | In Place | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.30x, (iv) the occurrence of a Tenant Bankruptcy Trigger Event, (v) the occurrence of a Tenant Go-Dark Event, (vi) the occurrence of a Tenant Non-Renewal Trigger Event | No | ||||||
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | None | None | NAP | No | ||||||
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | Springing | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.5% | No | ||||||
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | Hard | In Place | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.25x, (iv) the occurrence of a Tenant Trigger Event | No | |||||||
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | Springing | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.0% | No | |||||||
23.01 | Property | 79-85 Fairview Avenue | No | ||||||||||||
23.02 | Property | 649 West 184th Street | No | ||||||||||||
23.03 | Property | 325 Wadsworth Avenue | No | ||||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.30x, (iii) the occurrence of a Mezzanine Trigger Period | No | |||||||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | Hard | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.18x, (iii) the occurrence of a Specified Tenant Trigger Period | No | ||||||
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | Hard | Springing | (i) the occurrence on an Event of Default, (ii) DSCR is less than 1.45x, (iii) the occurrence of a Mezzanine Trigger Period, (iv) the occurrence of a Lease Sweep Period | No | |||||||
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | Springing | Springing | (i) the occurrence of an Event of Default, (ii) Debt Yield is less than 6.5%, (iii) the occurrence of a Specified Tenant Trigger Period | No | ||||||
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.25x, (iii) the occurrence of a Mezzanine Trigger Period | No | ||||||
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | Springing | Springing | (1) the occurrence of an Event of Default, (ii) DSCR is less than 1.15x, (iii) the occurrence of a Mezzanine Event of Default | No | ||||||
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | Springing | Springing | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Affiliate Manager, (iii) Bankruptcy action of non-Affiliate Manager that is not dismissed within 30 days of such occurrence, (iv) DSCR is less than 1.25x | No | ||||||
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | Springing | Springing | (i) the occurrence of an Event of Default, (ii) DSCR is less than 1.20x | No | |||||||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | Hard | Springing | (i) the occurrence of an Event of Default, (ii) Bankruptcy Action of Borrower or Manager, (iii) DSCR is less than 1.25x, (iv) the occurrence of a Wawa Trigger Event | No |
Page 14 of 15
Benchmark 2019-B15 Annex A | |||||||||||||||
Control Number | Loan / Property Flag | Footnotes | Mortgage Loan Seller | Originator | Property Name | Ground Lease Expiration Date | Annual Ground Lease Payment ($) | Franchise Agreement Expiration | Cut-off Date Pari Passu Companion Loan Balance ($) | Cut-off Date Subordinate Companion Loan Balance ($) | Subordinate Companion Loan Interest Rate (%) | Cut-off Date Mezzanine Debt Balance ($) | Mezzanine Debt Interest Rate (%) | Terrorism Insurance Required Y/N | Control Number |
1 | Loan | 9, 10, 11, 12 | GACC | Deutsche Bank AG, New York Branch | 899 West Evelyn | Yes | 1 | ||||||||
2 | Loan | 8, 13, 14, 15, 16, 17 | JPMCB | JPMorgan Chase Bank, National Association | Innovation Park | 115,000,000.00 | Yes | 2 | |||||||
3 | Loan | 8, 18, 19, 20, 21, 22, 23, 24, 25 | GACC | Deutsche Bank AG, New York Branch, Wells Fargo Bank, N.A., Morgan Stanley Bank N.A. | Century Plaza Towers | 837,500,000.00 | 300,000,000.00 | 3.00450% | Yes | 3 | |||||
4 | Loan | 8, 26, 27, 28 | CREFI | Citi Real Estate Funding Inc. | Harvey Building Products | 110,000,000.00 | Yes | 4 | |||||||
4.01 | Property | Londonderry / Manufacturing | Yes | 4.01 | |||||||||||
4.02 | Property | Dartmouth / Manufacturing | Yes | 4.02 | |||||||||||
4.03 | Property | Waltham Corporate | Yes | 4.03 | |||||||||||
4.04 | Property | Woburn | Yes | 4.04 | |||||||||||
4.05 | Property | Nashua | Yes | 4.05 | |||||||||||
4.06 | Property | Woburn CPD | Yes | 4.06 | |||||||||||
4.07 | Property | (West) Bridgewater | Yes | 4.07 | |||||||||||
4.08 | Property | Manchester, NH | Yes | 4.08 | |||||||||||
4.09 | Property | Norwalk 256 | Yes | 4.09 | |||||||||||
4.10 | Property | New London | Yes | 4.10 | |||||||||||
4.11 | Property | East Haven | Yes | 4.11 | |||||||||||
4.12 | Property | Lincoln | Yes | 4.12 | |||||||||||
4.13 | Property | Bethlehem | Yes | 4.13 | |||||||||||
4.14 | Property | Salem | Yes | 4.14 | |||||||||||
4.15 | Property | Norwalk 260 | Yes | 4.15 | |||||||||||
4.16 | Property | Berlin | Yes | 4.16 | |||||||||||
4.17 | Property | Dartmouth | Yes | 4.17 | |||||||||||
4.18 | Property | Manchester, CT | Yes | 4.18 | |||||||||||
4.19 | Property | Portland | Yes | 4.19 | |||||||||||
4.20 | Property | Braintree | Yes | 4.20 | |||||||||||
4.21 | Property | Warwick | Yes | 4.21 | |||||||||||
4.22 | Property | Fitchburg | Yes | 4.22 | |||||||||||
4.23 | Property | Auburn | Yes | 4.23 | |||||||||||
4.24 | Property | Berlin CPD | Yes | 4.24 | |||||||||||
4.25 | Property | Portsmouth | Yes | 4.25 | |||||||||||
4.26 | Property | Southampton | Yes | 4.26 | |||||||||||
4.27 | Property | Wilkes-Barre | Yes | 4.27 | |||||||||||
4.28 | Property | Hyannis | Yes | 4.28 | |||||||||||
4.29 | Property | Springfield | Yes | 4.29 | |||||||||||
4.30 | Property | White River Junction | Yes | 4.30 | |||||||||||
5 | Loan | 8, 29, 30 | CREFI | Citi Real Estate Funding Inc. | Austin Landing Mixed-Use | 38,750,000.00 | 26,000,000.00 | 11.25000% | Yes | 5 | |||||
6 | Loan | 31, 32, 33 | CREFI | Citi Real Estate Funding Inc. | Kildeer Village Square | 9,000,000 | 10.50000% | Yes | 6 | ||||||
7 | Loan | 8, 34, 35, 36, 37, 38, 39 | JPMCB | JPMorgan Chase Bank, National Association | City Hyde Park | 65,000,000.00 | Yes | 7 | |||||||
8 | Loan | 40, 41, 42, 43, 44, 45, 46, 47, 48, 49 | GACC | DBR Investments Co. Limited | Downtown Winter Haven Portfolio | Yes | 8 | ||||||||
8.01 | Property | 199 Avenue B Northwest | Yes | 8.01 | |||||||||||
8.02 | Property | 200 Avenue B Northwest | Yes | 8.02 | |||||||||||
8.03 | Property | 331 West Central Avenue | Yes | 8.03 | |||||||||||
8.04 | Property | 300 3rd Street Southwest | Yes | 8.04 | |||||||||||
8.05 | Property | 250 3rd Street Northwest | Yes | 8.05 | |||||||||||
8.06 | Property | 203 Avenue A Northwest | Yes | 8.06 | |||||||||||
8.07 | Property | 337 West Central Avenue | Yes | 8.07 | |||||||||||
8.08 | Property | 401 3rd Street Southwest | Yes | 8.08 | |||||||||||
8.09 | Property | 242 West Central Avenue | Yes | 8.09 | |||||||||||
8.10 | Property | 56 - 58 4th Street Northwest | Yes | 8.10 | |||||||||||
8.11 | Property | 245 West Central Avenue | Yes | 8.11 | |||||||||||
8.12 | Property | 273 West Central Avenue / 46 3rd Street | Yes | 8.12 | |||||||||||
8.13 | Property | 249 3rd Street Southwest | Yes | 8.13 | |||||||||||
8.14 | Property | 254 West Central Avenue | Yes | 8.14 | |||||||||||
8.15 | Property | 226 West Central Avenue | Yes | 8.15 | |||||||||||
8.16 | Property | 225 Avenue D Northwest | Yes | 8.16 | |||||||||||
8.17 | Property | 305 Avenue E Southwest | Yes | 8.17 | |||||||||||
8.18 | Property | 230 West Central Avenue | Yes | 8.18 | |||||||||||
8.19 | Property | 220 West Central Avenue | Yes | 8.19 | |||||||||||
8.20 | Property | 239 3rd Street Southwest | Yes | 8.20 | |||||||||||
8.21 | Property | 243 3rd Street Southwest | Yes | 8.21 | |||||||||||
9 | Loan | 8, 50, 51, 52, 53 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | Tysons Tower | 155,000,000.00 | Yes | 9 | |||||||
10 | Loan | 8, 54, 55 | CREFI | Citi Real Estate Funding Inc. | Legends at Village West | 84,874,444.07 | Yes | 10 | |||||||
11 | Loan | 56 | CREFI | Citi Real Estate Funding Inc. | Central Harlem Multifamily Portfolio | Yes | 11 | ||||||||
11.01 | Property | 137 West 141st Street | Yes | 11.01 | |||||||||||
11.02 | Property | 117 West 141st Street | Yes | 11.02 | |||||||||||
11.03 | Property | 127 West 141st Street | Yes | 11.03 | |||||||||||
12 | Loan | 8, 57, 58 | CREFI | Citi Real Estate Funding Inc. | Elston Retail Collection | 39,918,184.91 | Yes | 12 | |||||||
13 | Loan | 8, 59, 60, 61, 62 | JPMCB | JPMorgan Chase Bank, National Association, Wells Fargo Bank, N.A. | 600 & 620 National Avenue | 108,950,000.00 | Yes | 13 | |||||||
14 | Loan | 8, 63, 64, 65, 66, 67, 68, 69, 70 | JPMCB | JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA | The Essex | 92,000,000.00 | 58,000,000.00 | 5.25000% | 40,000,000 | 6.62500% | Yes | 14 | |||
15 | Loan | CREFI | Citi Real Estate Funding Inc. | Woodland Trace Apartments | Yes | 15 | |||||||||
16 | Loan | 8, 71, 72, 73, 74, 75, 76 | JPMCB | JPMorgan Chase Bank, National Association | Osborn Triangle | 410,000,000.00 | 145,000,000.00 | 3.79700% | Yes | 16 | |||||
16.01 | Property | 610 Main Street North | Yes | 16.01 | |||||||||||
16.02 | Property | 1 Portland Street | Yes | 16.02 | |||||||||||
16.03 | Property | 700 Main Street | Yes | 16.03 | |||||||||||
17 | Loan | 8, 77, 78, 79, 80, 81 | JPMCB | JPMorgan Chase Bank, National Association | Sunset North | 130,000,000.00 | Yes | 17 | |||||||
18 | Loan | 8, 82, 83, 84, 85, 86 | JPMCB | JPMorgan Chase Bank, National Association | Hilton Cincinnati Netherland Plaza | 11/30/2029 | 52,440,895.31 | Yes | 18 | ||||||
19 | Loan | 8, 87, 88, 89, 90 | JPMCB | JPMorgan Chase Bank, National Association | 8 West Centre | 25,961,784.95 | Yes | 19 | |||||||
20 | Loan | 91, 92, 93 | JPMCB | JPMorgan Chase Bank, National Association | The Club at Crystal Lake | Yes | 20 | ||||||||
21 | Loan | 94, 95, 96 | CREFI | Citi Real Estate Funding Inc. | 2817-2825 3rd Avenue | Yes | 21 | ||||||||
22 | Loan | JPMCB | JPMorgan Chase Bank, National Association | Vineyard Marketplace | Yes | 22 | |||||||||
23 | Loan | CREFI | Citi Real Estate Funding Inc. | Washington Heights Multifamily Portfolio | Yes | 23 | |||||||||
23.01 | Property | 79-85 Fairview Avenue | Yes | 23.01 | |||||||||||
23.02 | Property | 649 West 184th Street | Yes | 23.02 | |||||||||||
23.03 | Property | 325 Wadsworth Avenue | Yes | 23.03 | |||||||||||
24 | Loan | GACC | DBR Investments Co. Limited | TownPlace Suites Laredo | 2/28/2035 | Yes | 24 | ||||||||
25 | Loan | 97 | CREFI | Citi Real Estate Funding Inc. | Mountain Vista Plaza | Yes | 25 | ||||||||
26 | Loan | GACC | DBR Investments Co. Limited | Hale Road Plaza | Yes | 26 | |||||||||
27 | Loan | 98, 99, 100, 101 | CREFI | Citi Real Estate Funding Inc. | 4536 Spruce Street | Yes | 27 | ||||||||
28 | Loan | 102, 103 | GACC | Deutsche Bank AG, New York Branch | Sands Hotel & Spa | Yes | 28 | ||||||||
29 | Loan | 104, 105 | GACC | DBR Investments Co. Limited | GreenTree Centre I, II & III | Yes | 29 | ||||||||
30 | Loan | 106 | JPMCB | JPMorgan Chase Bank, National Association | 435 West 54th Street | Yes | 30 | ||||||||
31 | Loan | CREFI | Citi Real Estate Funding Inc. | A Storage Place Savannah | Yes | 31 | |||||||||
32 | Loan | 107 | JPMCB | JPMorgan Chase Bank, National Association | Wawa- NJ | Yes | 32 |
Page 15 of 15
Footnotes to Annex A | |
(1) | The Administrative Fee Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
(2) | The monthly debt service shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
(3) | The open period is inclusive of the Maturity Date / ARD. |
(4) | Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans). |
(5) | Occupancy (%) reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. |
(7) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Principal’s New Cash Contribution” reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
(8) | The Cut-off Date Balance ($) reflects only the Mortgage Loan included in the Issuing Entity (which may be evidenced by one or more promissory notes); however, such Mortgage Loan is part of a Loan Combination comprised of such Mortgage Loan and one or more Pari Passu Companion Loan(s) and/or Subordinate Companion Loan(s) that are held outside the Issuing Entity, each of which is evidenced by one or more separate promissory notes. With respect to each such Mortgage Loan that is part of a Loan Combination, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NCF DSCR (x), Debt Yield on Underwritten Net Operating Income (%), Debt Yield on Underwritten Net Cash Flow (%) and Loan Per Unit ($) calculations include any related Pari Passu Companion Loan(s) but exclude any related Subordinate Companion Loan. See “Description of the Mortgage Pool—The Loan Combinations” in the Preliminary Prospectus for more information regarding the Loan Combination(s). |
(9) | Confluent, the Largest Tenant, has a one-time option to terminate the lease effective on the last day of the 85th month (October 31, 2026) after the commencement date. The tenant must deliver an irrevocable written notice of tenant’s exercise of such option on or before January 1, 2025 together with a termination fee in the amount of $2,000,000. Tenant does not have any extension options. |
(10) | The increase from Most Recent NOI (if past 2018) ($) to Underwritten NOI ($) is primarily attributable to the newly executed Confluent lease at an increased rent consistent with the appraisal’s market rent conclusions. The previous lease was below market. |
(11) | Confluent, the largest tenant, has posted an $8,151,300 letter of credit with the borrower as security for their lease. Confluent is permitted to reduce the amount of the security deposit on the first day of the 4th, 6th, 8th and 10th lease years, to $6,500,000, $5,700,000, $4,900,000 and $4,075,000, respectively. |
(12) | The LTV is based on the “As Stabilized” value of $136,500,000, which is $3,000,000 higher than the appraised “As Is” value, which subtracted lease-up costs that were not paid as of the date of value but were paid prior to origination. |
(13) | The Appraised Value ($), Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity (%) reflect the “Hypothetical As Is” appraised value of $264,900,000 as of August 22, 2019, which assumes that approximately $2.2 million of outstanding tenant improvement and leasing costs were reserved at loan origination. At loan origination, all outstanding tenant improvement and leasing costs were reserved accordingly. Based on the “As Is” appraised value of $262,900,000 as of August 22, 2019, the Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity (%) are both equal to 69.3%. |
(14) | The late payment for 5% excludes the balloon payment of principal due on the Maturity Date. |
(15) | The borrower is required to make monthly deposits into the Ongoing TI/LC Reserve ($) in the amount of (a) through November 1, 2022, $115,921, and (b) thereafter, $193,201; provided, however, the requirement to make the Ongoing deposits into the Ongoing TI/LC Reserve ($) is waived on each Payment Due Date prior to October 1, 2022, if the amount on deposit is equal to or greater than $1,400,000. The aggregate amount of the applicable amount of funds on deposit may not exceed a cap of $5,000,000 on any payment date. |
(16) | The Largest Tenant, AXA Equitable, has the right to terminate its lease with respect to 144,647 square feet (out of total 291,528 square feet) on December 31, 2024, with 12 months’ prior written notice and the payment of a termination fee equal to the unamortized amounts of brokerage commissions, rent abatements and landlord work costs related to such space. The Second Largest Tenant, Allstate Insurance Company, has the right to terminate its lease on November 30, 2022, with nine months’ prior written notice and the payment of a termination fee equal to the unamortized amounts of brokerage commissions, rent abatements and landlord work costs related to such space. The Third Largest Tenant, Classic Graphics, has the right to terminate its lease with respect to 58,969 square feet (out of total 238,744 square feet) on December 31, 2020, with nine months’ prior written notice and the payment of a termination fee equal to the unamortized amounts of brokerage commissions, landlord work costs related to tenant spaces and the cost of dividing the existing space from any additional space leased to Classic Graphics. The Fourth Largest Tenant, Alight Solutions LLC, has the right to terminate its lease on November 20, 2022, with 12 months’ prior notice and the payment of a termination fee equal to three months base rent and unamortized brokerage commissions, rent abatements and landlord work costs related to such space. |
(17) | The borrower at its election may maintain a policy of environmental insurance. In such event, the lender agrees that, with respect to all matters covered by such policy, such policy will be the lender’s primary source of recovery for any liability relating to hazardous materials at the Mortgaged Property and the environmental indemnity provided in connection with the mortgage loan will be the lender’s secondary source of recovery. Please see “Description of the Mortgage Pool—Non-Recourse Carveout Limitations” in the Preliminary Prospectus for additional information. |
(18) | The increase from Most Recent NOI (if past 2018) ($) to Underwritten NOI ($) is primarily attributable to (i) $2,354,778 in straight line rent taken through the earlier of the loan term or the lease term for thirteen tenants, (ii) $3,269,254 of rent steps taken through October 2020 and (iii) new leasing that has been executed since September 2019, accounting for 20.6% of net rentable area and 24.6% of UW Gross Potential Revenue. |
(19) | Defeasance of the full $1.2 billion Century Plaza Towers Loan Combination is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last senior pari passu note to be securitized and (ii) October 21, 2022. Prepayment in whole, but not in part, of the Century Plaza Towers Loan Combination is permitted at any time, prior to July 9, 2029 with the payment of the greater of 1% of the principal balance or yield maintenance. |
(20) | Partial release of certain development rights in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted. See “Description of the Mortgage Pool – Certain Terms of the Mortgage Loans – Partial Releases” in this Preliminary Prospectus for the terms of the releases. |
(21) | The Largest Tenant, Bank of America has various lease expiration dates: (i) 106,890 SF with a lease expiration date of September 30, 2029, (ii) 17,833 SF with a lease expiration date of September 30, 2024 and (iii) 24,785 SF related to the Merrill Lynch space, with a lease expiration date of June 30, 2022. |
(22) | The Largest Tenant, Bank of America, representing approximately 6.2% of the net rentable area at the Mortgaged Property, has the right to terminate its lease as of September 30, 2026 upon written notice on or before September 30, 2025 and the payment of a termination fee in the amount of $1,908,666. The Fourth Largest Tenant Kirkland & Ellis, representing approximately 3.6% of the net rentable area at the Mortgaged Property, has the one-time right to terminate its lease as of January 1, 2032 upon written notice on or before January 1, 2031 and payment of a termination fee equal to the sum of (a) an amount equal to the base rent that would have been payable with respect to the terminated premises during the four (4) month period after the termination date had tenant not terminated this lease and (b) the unamortized amount, as of the termination date, calculated with interest in an amount equal to 8% per annum. The Fifth Largest Tenant, Greenberg Glusker, has the one-time right to terminate its lease as of March 1, 2032 upon written notice on or before March 1, 2031 and the payment of a termination fee. |
(23) | The Second Largest Tenant, Manatt Phelps, representing approximately 4.8% of the net rentable area at the Mortgaged Property, has the right to contract its lease by terminating the lease on the 4th floor of the space on the last day of the 5th or 10th year of the lease term. |
(24) | The Largest Tenant, Bank of America, representing approximately 6.2% of the net rentable area at the Mortgaged Property, has signed a lease for an additional 26,664 SF on the 13th floor of the South Tower and is expected to begin paying rent and take occupancy in January 2020. The Second Largest Tenant, Manatt Phelps, representing approximately 4.8% of the net rentable area at the Mortgaged Property, has signed a lease for five suites in the South Tower on the 4th, 14th, 15th, 16th and 17th floors totaling 116,366 SF and is expected to begin paying rent and take occupancy in stages starting in March 2020, with full occupancy of the space expected by May 2020. The Fourth Largest Tenant, Kirkland & Ellis, representing approximately 3.6% of net rentable area at the Mortgaged Property, has not yet taken occupancy and is expected to occupy three suites in the South Tower on the 37th, 38th, and 39th floors totaling 85,664 SF starting in January 2020. The Fifth largest tenant, Greenberg Glusker, representing approximately 3.5% of the net rentable area at the Mortgaged Property has signed a lease for three suites in the South Tower on the 26th, 27th and 31st floors totaling 83,199 SF and is expected to begin paying rent and take occupancy in March 2020. We cannot assure you whether these tenants will take occupancy and begin paying rent as expected or at all. |
(25) | 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. |
(26) | The Harvey Building Products Loan defeasance lockout period is required to be at least 25 payments beginning with and including the first payment date of December 6, 2019. Defeasance of the full $160.0 million Harvey Building Products Loan Combination 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 promissory note to be securitized and (ii) October 21, 2022 (collectively, the “Release Date”). The borrower is also permitted to prepay the Harvey Building Products Loan Combination in whole or in part at any time prior to the Release Date with the payment of the greater of (i) a yield maintenance premium and (ii) 4% of the amount prepaid. Additionally, the borrower is permitted to prepay the Harvey Building Products Loan Combination in whole or in part at any time on or after the Release Date with the payment of the greater of (i) a yield maintenance premium and (ii) 1% of the amount prepaid. Voluntary prepayment of the Harvey Building Products Loan is permitted on or after the due date occurring in June 2029 without payment of any prepayment premium or penalty |
(27) | Pursuant to the lease between the borrower, as landlord, and Harvey Building Products, as tenant, the tenant is required to deliver a letter of credit to the borrower in the amount of $2,500,000 to secure the repayment of the work associated with certain repairs |
(28) | Due to the nature of the triple-net lease at the properties of the Harvey Building Products Loan Combination, there is missing historical information. |
(29) | The Largest Retail Tenant at the Mortgaged Property, Kroger, is on a ground lease with a lease expiration on December 31, 2032, and has 12 five-year renewal options. The Second Largest Retail Tenant at the Mortgaged Property, Kohl’s, is on a ground lease with a lease expiration on January 31, 2032, and has 10 five-year renewal options. |
(30) | The Austin Landing Mixed-Use lockout period will be at least 24 payment dates beginning with and including the first payment date of January 6, 2020. Defeasance 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 promissory note to be securitized and (ii) November 13, 2022. The assumed lockout period of 24 payments is based on the expected Benchmark 2019-B15 securitization closing date in December 2019. The actual lockout period may be longer |
(31) | The Kildeer Village Square Mortgaged Property was constructed in 2017 and was in lease-up during 2018, therefore there is missing historical information. |
(32) | The Occupancy % is calculated marking Forever 21 as vacant. However, if you count Forever 21 as in-place and paying rent the occupancy % is 95.8% |
(33) | The DSCR Based on Underwritten NCF and the Debt Yield Based on Underwritten NOI including rental income attributable to Forever 21 is 2.01x and 8.5%, respectively. |
(34) | Units do not reflect the 110,062 square feet of space leased to retail tenants. |
(35) | The lockout period will be at least 26 payment dates beginning with and including the first payment date of November 1, 2019. Defeasance of the full $112.0 million City Hyde Park Loan Combination is permitted after the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected Benchmark 2019-B15 securitization closing date in December 2019. The actual lockout period may be longer. |
(36) | The Mortgaged Property is newly constructed, and some historical financials may not be available. |
(37) | The increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to recent leasing and contractual rent steps at the Mortgaged Property. |
(38) | The Mortgaged Property is subject to a tax increment financing (“TIF”) grant approved by the City of Chicago Community Development Commission (the “Commission”). The TIF allows the owner of the Mortgaged Property to receive reimbursement of all TIF eligible costs, which include land acquisition costs, on- and off-site infrastructure costs and other qualified improvements of 100% of the annual real property tax revenues, resulting in income from the Commission to the borrower. The TIF program runs through 2036, with income from the program ceasing in 2033. In connection with the TIF, the City of Chicago executed two promissory notes in favor of the borrower, which has in turn assigned its rights in the notes and the other documents securing or evidencing the notes to the lender. Pursuant to the TIF arrangement, 20% of the multifamily units are required to be rented as affordable housing units, which restrictions will expire upon the earlier of (i) the 30th anniversary of the date on which the last eligible unit is first leased to a low income household, which date was December 1, 2016, and (ii) foreclosure by a first construction or permanent lender. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” for additional information. |
(39) | The mortgage loan documents require a springing hard lockbox for retail tenants and a springing soft lockbox for residential tenants with springing cash management during the period during which any of the following occurs: (i) an event of default, (ii) any bankruptcy action of the borrower or property manager, or (iii) the date that the debt service coverage ratio (as calculated in the loan documents based on the debt service for the amortization period and tested quarterly) based on the trailing three-month period immediately preceding the date of determination falls below (a) 1.10x during the interest only period or (b) 1.05x during the amortization period of the loan term. |
(40) | The increase from Most Recent NOI (if past 2018) ($) to Underwritten NOI ($) is primarily attributable to the acquisition of the 199 Avenue B Mortgaged Property in addition to lease up throughout the portfolio accounting for 15.7% of NRA and 14.5% of base rent since the end of June 2019. |
(41) | The lender is insured under an environmental insurance policy obtained in lieu of performing additional investigation in connection with certain recognized environmental conditions that were identified at several of the Downtown Winter Haven Portfolio Mortgaged Property. The environmental insurance policy was issued by Great American E & S Insurance Company with a $1,000,000 policy limit with a $25,000 deductible. The environmental policy has a 13-years term, extending three years beyond the loan term. See “Description of the Mortgage Pool—Mortgage Pool Characteristics Environmental Considerations” in this Preliminary Prospectus. |
(42) | 199 Avenue B Northwest has an “As Is” value of $19,850,000 and an “As Stabilized” value of $25,640,000 due to two additional office condominiums at the applicable Mortgaged Property purchased at the closing of the Mortgage Loan in a sale leaseback transaction by Borrower. The “As Stabilized” value of $25,640,000 is used in the total Appraised Value ($) of $55,530,000. |
(43) | All Properties within the Portfolio are assumed to be stabilized by September 1, 2020. |
(44) | Upon loan origination, the sponsor has purchased two condominium units owned by Frontier in the 199 Avenue B Northwest property. Units 3-1 and 4-1, which consist of approximately 39,603 SF at the property, were acquired for a purchase price of $3,675,350 ($93/SF). In addition, 8,238 SF in Unit 3-1 and 22,090 SF in Unit 4-1 were leased back to Frontier for $7.50/SF on a 20-year lease term that has 2.0% annual increases, leaving approximately 9,275 SF available to lease to third-parties. |
(45) | 225 Avenue D Northwest (5,608 SF, 1.5% NRA) is currently vacant and per the appraiser, is being marketed at $12.50/SF (net) with no noted tenant allowance. |
(46) | 220 West Central (3,264 SF, 0.8% NRA) is currently vacant and according to the appraiser, is being marketed at $17.50/SF (net) with no noted tenant allowance |
(47) | There is one residential unit at the 254 West Central Avenue Mortgaged Property. Landlord and Tenant each have the ability to terminate the Lease upon 30 days’ advance written notice to the other, which notice shall specify the date of termination. |
(48) | During the initial term or any renewal term, the Largest Tenant, Early Learning Coalition, at the 203 Avenue A Northwest Property, in the event that the tenant’s annual operational funding from governmental sources is reduced by 25% or more (with respect to then current fiscal year compared to previous fiscal year), tenant shall have the option of terminating its lease upon providing not less than 270 days advance written notice of termination. Such notice shall include proof of such funding loss and shall specify the date of termination |
(49) | DSM Technology Consultants has the right to terminate its lease upon 180 days’ advance written notice in the event that the Department of Management Services of the State of Florida previously terminates a material portion of those services to be delivered by the tenant from and related to the tenant space pursuant to a specified contract with the State |
(50) | The lockout period will be at least 26 payment dates beginning with and including the First Due Date of November 11, 2019. The borrower is permitted to prepay the full $190.0 million Tysons Tower Loan Combination with the payment of yield maintenance premium after the date that is the earlier to occur of (i) November 11, 2022 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected Benchmark 2019-B15 securitization closing date in December 2019. The actual lockout period may be longer. |
(51) | The Fourth Largest Tenant, Morgan Franklin, has a one-time right to terminate its lease effective February 28, 2024, with 12 months’ prior notice, subject to a termination fee equal to the then-unamortized amount of tenant improvements and leasing commissions, as of the effective date of termination. The Fifth Largest Tenant, Reed Smith LLP, has a one-time right to terminate its lease effective August 1, 2027, with 15 months’ prior notice, subject to a termination fee equal to (A) three months of base rent plus (B) the then-unamortized amount of tenant improvements and leasing commissions, as of the effective date of termination. |
(52) | There is not a separate Carve-out Guarantor, and the borrowers are the only indemnitors under the related environmental indemnity agreement. |
(53) | The Mortgage Loan documents permit the pledge by The Macerich Company, Macerich Partnership, L.P., Alaska Permanent Fund Corporation and/or their affiliates of their indirect ownership interest in the related borrower to a qualified real estate investor (with total assets in name or under management in excess of $1 billion and, except with respect to pension advisory firm or similar fiduciary, capital/ statutory surplus, shareholder equity or net worth in excess of $250 million) (a “QREI”) as part of a credit facility upon certain conditions. Please see “Description of the Mortgage Pool–Additional Indebtedness” in the Preliminary Prospectus for additional information. |
(54) | The Mortgaged Property’s Appraised Value ($) represents the “as stabilized” appraised value as of September 1, 2021, which assumes that the Mortgaged Property will have stabilized occupancy. At origination, the lender reserved $10,000,000 in the Upfront TI/LC Reserve ($). |
(55) | The lockout period will be at least 25 payment dates beginning with and including the First Due Date of December 6, 2019. The assumed lockout period of 25 payments is based on the expected Benchmark 2019-B15 securitization closing date in December 2019. The actual lockout period may be longer. |
(56) | The increase from Most Recent NOI (if past 2018) ($) to Underwritten Net Operating Income ($) is primarily attributable to the property having annualized financials. |
(57) | The Second Largest Tenant at the Elston Retail Collection Mortgaged Property, Best Buy, is on a ground lease with a lease expiration on January 31, 2026, and has 5 five-year renewal options. |
(58) | The Third Largest Tenant at the Elston Retail Collection Mortgaged Property, BMO Harris Bank, is on a ground lease with a lease expiration on August 31, 2025, and has 1 nine-year renewal options. |
(59) | The sole tenant, Google, has executed its lease and commenced paying rent but has not taken occupancy. |
(60) | The Appraised Value ($), Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity (%) reflect the “As Stabilized” appraised value of $197,000,000 as of August 19, 2019, which assumes that the sole tenant at the Mortgaged Property, Google, has taken possession of its space and commenced paying fully unabated rent and all outstanding tenant improvements and leasing commissions have been reserved. At loan origination, all outstanding tenant improvements and leasing commissions were reserved accordingly. Based on the “As-Is” appraised value of $185,000,000 as of August 19, 2019, the Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity (%) are both equal to 74.5%. |
(61) | The lockout period will be at least 27 payment dates beginning with and including the first payment date of October 11, 2019. Defeasance of the full $137.9 million 600 & 620 National Avenue Loan Combination is permitted after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) October 11, 2022. For the purposes of this prospectus, the assumed lockout period of 27 months is based on the Benchmark 2019-B15 securitization closing date in December 2019. The actual lockout period may be longer. |
(62) | The Mortgaged Property is undergoing a tenant build-out, and some historical financials may not be available. |
(63) | The Essex Loan Combination was co-originated by JPMorgan Chase Bank, National Association and Goldman Sachs Bank USA. |
(64) | Units reflect only the multifamily portion of the Mortgaged Property, exclusive of the retail component occupied by Regal Cinemas. |
(65) | The Mortgaged Property has received a tax exemption pursuant to Section 421-a of the New York Real Property Tax Law by which the Mortgaged Property is currently exempt from the payment of approximately 93.45% of the real estate taxes with respect to the residential units and 84.42% of real property taxes with respect to the theater unit, resulting in a total estimated real estate tax abatement of approximately $28 million. The exemption expires in 2054. The mortgage loan was underwritten based on the abated taxes. Please see “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus for additional information. |
(66) | One of the related borrowers has a beneficial interest, rather than a fee simple interest, in two of the condominium units that constitute part of the collateral for the mortgage loan. Please see “Description of the Mortgage Pool—Condominium Interests and Other Shared Interests” for additional information. |
(67) | The lockout period will be at least 25 payment dates beginning with and including the first payment date of December 1, 2019. Defeasance of the full $175 million The Essex Loan Combination is permitted after the date that is the earlier of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) December 1, 2022. For the purposes of this prospectus, the assumed lockout period of 25 months is based on the Benchmark 2019-B15 securitization closing date in December 2019. The actual lockout period may be longer. |
(68) | In the event that the borrowers deliver to the lender an environmental insurance policy maintained by the borrowers, which is reasonably acceptable to the lender and names the lender (together with its successors and assigns) as an additional named insured thereunder, then the lender agrees that, prior to making any claims against the borrowers and guarantor for any losses, the lender will first make a claim for such losses under the environmental policy in accordance with the mortgage loan documents. Please see “Description of the Mortgage Pool—Non-Recourse Carveout Limitations” for additional information. |
(69) | In connection with a tax exemption from which the Mortgaged Property benefits under Section 421-a of the New York Real Property Tax Law, the borrowers executed two enforcement notes payable to the order of the City of New York, acting by and through the Department of Housing Preservation and Development, in the aggregate amount of $77,799,999, which are secured by two enforcement mortgages. No payments are due under the notes during the term of the mortgage loan and the enforcement mortgages are subordinate to the lien of the mortgage in favor of the lender. Please see “Description of the Mortgage Pool – Existing Additional Secured Debt” in the Preliminary Prospectus for additional information. |
(70) | The Mortgaged Property is newly constructed, and some historical financials may not be available. |
(71) | The Mortgaged Property is newly acquired, and some historical financials may not be available. |
(72) | The increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to investment grade rent steps and market rent adjustments at the Mortgaged Property. |
(73) | The entire Mortgaged Property is subject to a condominium regime, with each individual Mortgaged Property being owned by an affiliate of the Massachusetts Institute of Technology. The fee owner of the units master leases each unit to the individual borrower, and the Mortgaged Property is secured by such leasehold interests. Pursuant to each master lease, the fee owner of the units has delegated the rights to exercise its rights and privileges in its capacity as the fee owner of the units under the condominium declaration to each borrower, and the individual borrowers control 100% of the condominium interests. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium Interests and Other Shared Interests” in the Preliminary Prospectus for additional information. |
(74) | The Largest Tenant at each of the 610 Main Street North and 1 Portland Street Mortgaged Properties, Pfizer, which represents 73.8% of the total net rentable area at the Osborn Triangle Mortgaged Properties, subleases a total of 163,644 square feet at the 610 Main Street North Mortgaged Property, representing 24.2% of the total net rentable area at the Osborn Triangle Mortgaged Properties, as follows: (i) CRISPR Therapeutics (9.7% of total net rentable area), expiring on January 31, 2027, (ii) Lab Central (4.9% of total net rentable area), expiring on December 14, 2027, (iii) Casebia Therapeutics (4.8% of total net rentable area), expiring on March 31, 2024, and (iv) KSQ Therapeutics (4.8% of total net rentable area), expiring on February 28, 2022. In addition, CRISPR Therapeutics subleases 5,184 square feet of its subleased space to Bayer’s Life Hub Boston, whose sub-sublease expires on March 31, 2024. |
(75) | There is not a separate Carve-out Guarantor, and the borrowers are the only indemnitors under the related environmental indemnity agreement. At origination of the Mortgage Loan, the borrowers obtained an environmental insurance policy issued by the Sirius International Insurance Corporation in the name of the borrowers, with the lender as additional named insured with its successors, assigns and/or affiliates, with per incident and aggregate limits of $5,000,000, a deductible of $25,000 per incident and a term expiring on May 16, 2032. |
(76) | The Annual Ground Lease Payment ($) under each ground lease was prepaid in full prior to the origination of the Osborn Triangle Loan Combination. |
(77) | The Third Largest Tenant, WeWork, has executed its lease, taken possession of its space and begun paying rent, but has not yet taken full occupancy. According to the borrower sponsor, WeWork is expected to have completed the buildout of certain portion of its space and begun taking occupancy of such space, with the remaining portion of its space still undergoing a buildout. We cannot assure you that WeWork will take full occupancy under its lease. In connection with its lease, WeWork provided a surety bond in the amount of $7.5 million (the “Surety Limit”) payable to the landlord and its successors upon an event of default by the tenant under the lease. Provided that WeWork is not in default under its lease, the Surety Limit may be annually reduced commencing on the day immediately following the third anniversary of the lease commencement date until the day immediately following the eighth anniversary of the lease commencement date to no less than $2.0 million. |
(78) | The lockout period will be at least 26 payment dates beginning with and including the first payment date of November 1, 2019. Defeasance of the full $150.0 million Sunset North Loan Combination is permitted after the date that is the earlier to occur of (i) November 1, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected Benchmark 2019-B15 securitization closing date in December 2019. The actual lockout period may be longer. |
(79) | The Mortgaged Property is recently acquired, and some historical financials may not be available. |
(80) | The increase by 10% or more from Most Recent NOI ($) to UW NOI ($) is primarily attributable to recent leasing at the Mortgaged Property. |
(81) | The Fourth Largest Tenant, Farmers, includes (i) 60,166 square feet leased to Farmers New World with the right to terminate its lease on or after June 30, 2026 with no less than 12 months’ prior written notice and payment of a termination fee equal to (A) all rent through and including October 2026 and (B) the unamortized cost of all free or abated rent, tenant improvement allowances, reasonable attorneys’ fees, and leasing commissions actually paid or provided by the borrower, and (ii) 1,161 square feet leased to Farmers Credit Union with the right to terminate its lease on or after August 31, 2026 with no less than 12 months’ prior written notice and the payment of a termination fee equal to (A) all rent through and including December 2026, and (B) the unamortized cost of all free or abated rent, tenant improvement allowances, reasonable attorneys’ fees, and leasing commissions actually paid or provided by the borrower. |
(82) | Approximately 35.6% of Underwritten EGI ($) is attributable to the food and beverage outlets at the Mortgaged Property and the remainder of the Underwritten EGI ($) is attributable to the hospitality component of the Mortgaged Property. |
(83) | The Appraised Value ($), Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity (%) reflect the “Hypothetical As Is” appraised value of $105,500,000, which assumes that approximately $1.5 million of PIP work has been completed. At loan origination, the borrower reserved $1,687,534, representing approximately 110.0% of the estimated cost of the remaining PIP work. Based on the “As Is” appraised value of $104,000,000 as of August 22, 2019, the Cut-off Date LTV Ratio (%), and LTV Ratio at Maturity (%) are 69.6% and 64.6%, respectively. |
(84) | The Mortgaged Property is one of three condominium units that collectively constitute a condominium regime. The borrower does not control the condominium board of directors. However, the borrower sponsor is one of three members of the board of directors, and the other two directors are appointed by the remaining unit owners, each an affiliate of the borrower. Please see “Description of the Mortgage Pool—Statistical Characteristics of the Mortgage Loans—Condominium Interests and Other Shared Interests” for additional information. |
(85) | The borrower is required to make monthly deposits into the Ongoing Replacement Reserve ($), beginning on May 1, 2020, an amount equal to the greater of (i) 4% of the gross income from the operation of the Mortgaged Property for the preceding month and (ii) the amount of the deposit, if any, then required by the franchisor on account of FF&E under the franchise agreement. |
(86) | On each Payment Due Date, the borrower is required to deposit all excess cash flow into the Ongoing Other Reserve ($), subject to a monthly cap of $250,000, to create a seasonality reserve (the “Monthly Seasonality Deposit”). However, the foregoing requirement will be waived if (a) as of the applicable Payment Due Date, amounts then on deposit in the seasonality reserve account are greater than $1,000,000 and (b) the amount then on deposit in the seasonality reserve account is more than $750,000 but less than $1,000,000, then the amount to be deposited by Borrower for such Monthly Seasonality Deposit will be the difference between $1,000,000 and the amount then on deposit in the seasonality reserve account. |
(87) | The late payment for 4% excludes the balloon payment of principal due on the Maturity Date. |
(88) | On each Payment Due Date that the amount on deposit in the Ongoing TI/LC Reserve ($) is less than the then applicable reserve cap, the borrower is required to commence making monthly deposits into the Ongoing TI/LC Reserve ($) an amount of (i) $23,651 or, (ii) during the period (“Cameron Rollover Increase Trigger Period”) commencing on the date that the lease of the Second Largest Tenant, Cameron International Corp. (“Cameron”), expires and continuing until (A) either Cameron renews its lease or 75% of Cameron’s premises are leased to an acceptable replacement tenant that is in physical occupancy, open for business and paying full contractual rent, and (B) the debt service coverage ratio of the mortgage loan is 1.60x or greater, $37,841. |
(89) | The Reserve Cap ($) is (a) $1,362,270 if a Cameron Rollover Increase Trigger Period exists, and (b) $851,419 if a Cameron Rollover Increase Trigger Period does not exist. |
(90) | The Largest Tenant, Helix Energy Solutions Group, subleases approximately 30,104 square feet, out of the total 118,630 square feet, to the Second Largest Tenant, Cameron International Corp. The current annual base rent under the sublease is $571,977 and the sublease expires on November 30, 2023. |
(91) | 19 of the 125 Units at the Mortgaged Property are subject to an affordable housing income covenant (the “Affordable Housing Covenant”) enforced by the Borward County, Florida, which covenants are effective for 30 years from the initial certificate of occupancy. According to the related appraisal report, the projected target rents are below the limits set under the Affordable Housing Covenant. |
(92) | The Mortgaged Property is newly constructed, and some historical financials may not be available. |
(93) | Commencing on the Due Date occurring in January 2023 and on each Due Date thereafter, the borrower is required to deposit $2,708.33 into the Ongoing Replacement Reserve ($). |
(94) | The increase from Most Recent NOI (if past 2018) ($) to Underwritten Net Operating Income ($) is primarily attributable to the Mortgaged Property having gone through renovations in 2019. |
(95) | The Third Largest Tenant at the Mortgaged Property, Bronx NET, may terminate its lease at any time so long as it gives the landlord 6 months written notice, and pay equal to six months of the then current fixed rent as a termination fee, and continue to pay to Landlord all fixed Rent and additional rent that has accrued or may accrue under the terms of this lease. |
(96) | The Fifth Largest Tenant at the Mortgaged Property, Diabetes Relief Center Bronx Leasing LLC, may terminate its lease at any time so long as it gives the landlord two months written notice, and pay the landlord the unpaid portion of Work Funds and any if all fees paid by the landlord to a broker, all fees will be based on a five year amortization and continue to pay to Landlord all fixed Rent and additional rent that has accrued or may accrue under the terms of this lease. |
(97) | The Mortgaged Property was acquired by the current sponsor in 2017, therefore there is limited historical information before 2017. |
(98) | The 4536 Spruce Street Mortgaged Property was built in 2019, therefore there is limited historical information |
(99) | The Mortgaged Property’s Appraised Value ($) represents the “As Complete” appraised value as of November 1, 2019, which assumes that the Mortgaged Property will have completed the improvement on the commercial space at the Property. |
(100) | The increase from Most Recent NOI (if past 2018) ($) to Underwritten Net Operating Income ($) is primarily attributable to the Mortgaged Property having annualized financials, due to the Property being built in 2019. |
(101) | There is 5,705 SF of commercial space at the Mortgaged Property that generates $194,033 of rent per month. |
(102) | Seasonal Working Capital Reserve: At closing, no Season Working Capital Reserve was funded. From February through and including May of each year, the amount of $17,500 (the “Seasonal Working Capital Monthly Deposit”) is required to be funded, however, in no event will the Seasonal Working Capital Reserve be in excess of $70,000 (the “Seasonal Working Capital Reserve Cap”). Notwithstanding the foregoing, if at the end of the first year of the loan term the cash flow in each month occurring in the prior twelve month period is greater than zero (“Seasonality Termination Condition”), borrower’s obligation to make deposits into the Seasonal Working Capital Reserve will no longer be applicable and provided no event of default is continuing, the Seasonal Working Capital Reserve Funds in the Seasonal Working Capital Reserve Account will be disbursed either (x) if a trigger period has not occurred, to borrower, or (y) if a trigger period has occurred, to the clearing account. |
(103) | The operating history for Sands Hotels & Spa Mortgaged Property is unavailable due to a comprehensive renovation and repositioning that occurred between 2017 and early 2018. |
(104) | The TI/LC cap of $300,000 only applies when the DSCR is greater than 1.30x. |
(105) | The second largest tenant, Christine Bienenfeld, MD has an ongoing option to terminate the lease after 9/1/2021. Tenant has right to terminate the Lease any time after the end of the 4th Lease Year (09/01/2021) upon 90 days’ written notice to the borrower. If tenant terminates, tenant is required to reimburse the borrower for the unamortized principal amount of the tenant improvements, leasing commissions and one month’s rent. |
(106) | Occupancy (%) reflects an economic vacancy based on the lack of a certificate of occupancy for one of the units at the Mortgaged Property. The Mortgaged Property is fully occupied. |
(107) | The Mortgaged Property is secured by the borrower’s leased fee interest, whereby the borrower is the ground lessor and the sole tenant at the Mortgaged Property, Wawa, Inc., is the ground lessee under a ground lease that expires on December 31, 2038, with six five-year extension options. |