FWP 1 n1428_anxa-x4.htm FREE WRITING PROSPECTUS

 

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226850-01
     

 

     
 

BBCMS 2018-C2 Disclaimer

 

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-226850) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the 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 Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-603-5847 (8 a.m. – 5 p.m. EST).

 

Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.

 

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

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance.  None of Barclays Capital Inc., Cantor Fitzgerald & Co., KeyBanc Capital Markets Inc. and Drexel Hamilton, LLC, or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.

 

This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.

 

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES

The information herein is preliminary and may be supplemented or amended prior to the time of sale.

 

In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.

 

The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.

 

The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of any 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) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

 
     

 

 

 

 

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

 

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Street Address City State Zip Code Property Type(2) Property Sub-type Year
Built
Year
Renovated
Units(3) Unit of Measure Occupancy %(3)(4) Occupancy Date Appraised
Value ($)(5)
Appraisal Date Crossed Loan Original
Balance ($)(6)(7)
Current
Balance ($)(6)(7)
1 KeyBank 1 Dream Inn 175 West Cliff Drive Santa Cruz CA 95060 Hotel Full Service 1962, 1972, 2009 2017             165 Rooms 83.3% 09/30/2018    100,000,000 10/02/2018 No       55,000,000       55,000,000
2 Barclays 1 Christiana Mall 132 Christiana Mall Newark DE 19702 Retail Super Regional Mall 1978 2015     779,084 Square Feet 98.3% 05/31/2018 1,040,000,000 06/05/2018 No       54,840,000       54,840,000
3 KeyBank 7 GNL Portfolio Various Various Various Various Various Various Various Various     647,713 Square Feet 100.0% 11/09/2018    172,290,000 10/01/2018 No       54,175,000       54,175,000
3.01 KeyBank 1 Nimble Storage 211, 251 and 281 River Oaks Parkway San Jose CA 95134 Office Suburban 1979-1982 2013     164,608 Square Feet 100.0% 11/09/2018       67,000,000 09/26/2018         21,325,607       21,325,607
3.02 KeyBank 1 NetScout Systems 915 Guardian Way Allen TX 75013 Office Suburban 2018       144,779 Square Feet 100.0% 11/09/2018       56,380,000 10/03/2018         17,945,340       17,945,340
3.03 KeyBank 1 Mallinckrodt 381 and 385 Marshall Avenue St. Louis MO 63119 Office R&D Lab 1980, 2008 2017        89,900 Square Feet 100.0% 11/09/2018       18,900,000 10/01/2018            6,015,731          6,015,731
3.04 KeyBank 1 PPD Global Labs 2 Tesseneer Drive Highland Heights KY 41076 Office R&D Lab 1983 2015        73,220 Square Feet 100.0% 11/09/2018       10,400,000 10/04/2018            3,310,244          3,310,244
3.05 KeyBank 1 PNC Bank 901 State Street Erie PA 16501 Office CBD 1909, 1968 2000        97,203 Square Feet 100.0% 11/09/2018         7,800,000 10/03/2018            2,482,682          2,482,682
3.06 KeyBank 1 FedEx Ground 6401 18th Avenue North Great Falls MT 59405 Industrial Warehouse/Distribution 2017          58,148 Square Feet 100.0% 11/09/2018         6,125,000 10/04/2018            1,949,543          1,949,543
3.07 KeyBank 1 Weatherford International 13400 West Highway 80 East Odessa TX 79765 Industrial Warehouse 1950 2010        19,855 Square Feet 100.0% 11/09/2018         3,600,000 10/05/2018            1,145,854          1,145,854
4 Barclays/CCRE 2 Liberty Portfolio Various Various AZ Various Office Suburban Various       805,746 Square Feet 100.0% 05/31/2018    256,700,000 Various No       50,000,000       50,000,000
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado 1850, 1870, 1910 and 1930 West Rio Salado Parkway Tempe AZ 85281 Office Suburban 2014, 2016, 2017       682,406 Square Feet 100.0% 05/31/2018    212,910,000 08/22/2018         42,467,603       42,467,603
4.02 Barclays/CCRE 1 8501 East Raintree Drive 8501 East Raintree Drive Scottsdale AZ 85260 Office Suburban 2006       123,340 Square Feet 100.0% 05/31/2018       43,790,000 08/24/2018            7,532,397          7,532,397
5 SMC 3 Fidelis Portfolio Various Various TX Various Retail Anchored Various       885,707 Square Feet 96.5% 10/01/2018    147,700,000 Various No       49,300,000       49,188,389
5.01 SMC 1 Victory Lakes Town Center 2520 Gulf Freeway South League City TX 77573 Retail Anchored 2006       370,367 Square Feet 99.4% 10/01/2018       56,600,000 08/17/2018         19,395,864       19,351,954
5.02 SMC 1 McKinney Towne Crossing 8800 State Highway 121 McKinney TX 75070 Retail Anchored 2006       242,805 Square Feet 94.0% 10/01/2018       55,100,000 08/17/2018         18,663,945       18,621,691
5.03 SMC 1 Riverstone Shopping Center 5730 Highway 6 Missouri City TX 77459 Retail Anchored 2005, 2006       272,535 Square Feet 94.7% 10/01/2018       36,000,000 08/20/2018         11,240,191       11,214,744
6 SMC 1 Troy Place 3001, 3155, 3221 and 3331 West Big Beaver Road and 2855 Coolidge Highway Troy MI 48084 Office Suburban 1973-1978       756,845 Square Feet 73.2% 11/01/2018       75,500,000 09/26/2018 No       40,000,000       40,000,000
7 SMC 1 West Covina Village 301-477 North Azusa Avenue West Covina CA 91791 Mixed Use Retail/Office 1981 2017     220,000 Square Feet 89.3% 11/05/2018       61,600,000 10/08/2018 No       36,000,000       36,000,000
8 CCRE 1 AVR Embassy Suites Fort Worth 600 Commerce Street Fort Worth TX 76102 Hotel Full Service 2007 2018             156 Rooms 82.4% 08/31/2018       54,500,000 10/01/2018 No       35,200,000       35,200,000
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic 5665 East Mayo Boulevard Phoenix AZ 85054 Hotel Extended Stay 2009 2017             208 Rooms 73.0% 09/30/2018       52,100,000 09/18/2018 No       31,000,000       31,000,000
10 Barclays 1 Home Depot Technology Center 2161-2250 Newmarket Parkway Southeast Marietta GA 30067 Office Suburban 1984-1986 2017     347,498 Square Feet 100.0% 10/14/2018       66,600,000 08/31/2018 No       30,000,000       30,000,000
11 Barclays 2 Virginia Beach Hotel Portfolio Various Virginia Beach VA 23451 Hotel Full Service Various Various             456 Rooms 76.0% 05/31/2018    130,400,000 Various No       30,000,000       30,000,000
11.01 Barclays 1 Hilton Virginia Beach Oceanfront 3001 Atlantic Avenue Virginia Beach VA 23451 Hotel Full Service 2005 2018             289 Rooms 75.7% 05/31/2018       84,800,000 07/23/2018         19,509,202       19,509,202
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront 3315 Atlantic Avenue Virginia Beach VA 23451 Hotel Full Service 2014               167 Rooms 76.6% 05/31/2018       45,600,000 08/01/2019         10,490,798       10,490,798
12 CCRE 1 Moffett Towers - Buildings E,F,G 1120, 1140 and 1160 Enterprise Way Sunnyvale CA 94089 Office CBD 2009 2011-2012     676,598 Square Feet 100.0% 09/07/2018    705,800,000 11/15/2019 No       25,000,000       25,000,000
13 CCRE 2 Shelbourne Global Portfolio II Various Newark DE Various Various Various Various       676,538 Square Feet 93.2% 11/05/2018       93,700,000 10/12/2018 No       25,000,000       25,000,000
13.01 CCRE 1 White Clay Office Park 100-700 White Clay Center Drive Newark DE 19711 Mixed Use Office/Industrial 1983-1987       492,298 Square Feet 95.2% 11/05/2018       61,200,000 10/12/2018         16,454,545       16,454,545
13.02 CCRE 1 University Office Plaza 256-263 Chapman Road Newark DE 19702 Office Suburban 1971-1983       184,240 Square Feet 87.8% 11/05/2018       32,500,000 10/12/2018            8,545,455          8,545,455
14 SMC 1 Zenith Ridge 2200, 2400 and 2600 Ansys Drive Canonsburg PA 15317 Office Suburban 2014, 2015, 2016       486,000 Square Feet 100.0% 07/11/2018    133,100,000 06/25/2018 No       25,000,000       25,000,000
15 Barclays 1 Dudley Farms Plaza 222 RHL Boulevard Charleston WV 25309 Retail Anchored 1998       230,776 Square Feet 96.5% 10/09/2018       40,960,000 09/24/2018 No       24,700,000       24,700,000
16 Barclays 1 Moffett Towers II - Building 1 1100 Discovery Way Sunnyvale CA 94089 Office Suburban 2018       350,633 Square Feet 100.0% 07/13/2018    358,600,000 12/01/2018 No       22,000,000       22,000,000
17 SMC 1 Round Hill Square 212 Elks Point Road Zephyr Cove NV 89448 Mixed Use Retail/Office 1967 1998     115,984 Square Feet 96.8% 09/30/2018       30,650,000 07/02/2018 No       21,025,000       21,025,000
18 SMC 6 TX-OK Portfolio Various Various Various Various Various Various Various       192,932 Square Feet 100.0% Various       29,700,000 Various No       20,500,000       20,477,179
18.01 SMC 1 NOV 2851-2951 South Council Road Oklahoma City OK 73128 Industrial Warehouse 2013, 2014          48,400 Square Feet 100.0% 10/22/2018         8,100,000 09/21/2018            5,590,910          5,584,686
18.02 SMC 1 Cemex 16100 Dillard Drive Jersey Village TX 77040 Office Suburban 2012          21,405 Square Feet 100.0% 10/22/2018         6,400,000 09/20/2018            4,417,508          4,412,591
18.03 SMC 1 Telge Park 16675, 16681, 17711 and 17715 Telge Road Cypress TX 77429 Industrial Flex 2018          41,200 Square Feet 100.0% 11/01/2018         5,600,000 09/24/2018            3,865,320          3,861,017
18.04 SMC 1 Little York Industrial 11050 West Little York Road Houston TX 77041 Industrial Flex 2007          50,727 Square Feet 100.0% 11/01/2018         5,500,000 09/24/2018            3,796,296          3,792,070
18.05 SMC 1 South Houston Industrial 1902 and 1914 South Houston Avenue Humble TX 77396 Industrial Flex 2018          19,200 Square Feet 100.0% 11/01/2018         2,500,000 09/24/2018            1,725,589          1,723,668
18.06 SMC 1 Logistics Park at World Houston 5816 Hamblen Road Humble TX 77396 Industrial Flex 2015          12,000 Square Feet 100.0% 10/22/2018         1,600,000 09/24/2018            1,104,377          1,103,148
19 CCRE 1 The Shops at Solaris 141 East Meadow Drive Vail CO 81657 Retail Lifestyle Center 2010          70,670 Square Feet 100.0% 07/01/2018    150,000,000 08/23/2018 No       20,000,000       20,000,000
20 SMC 1 Centennial Gateway 5720, 5750, 5758, 5760, 5770 and 5780 Centennial Center Boulevard Las Vegas NV 89149 Retail Anchored 2007          93,906 Square Feet 98.5% 09/01/2018       26,000,000 09/07/2018 No       17,985,000       17,985,000
21 SMC 24 Pangea 21 Various Chicago IL Various Multifamily Various Various 2011             420 Units 93.6% 10/29/2018       29,625,000 09/20/2018 No       17,755,000       17,755,000
21.01 SMC 1 808 West 76th Street 808 West 76th Street Chicago IL 60620 Multifamily Mid-Rise 1925 2011                43 Units 97.7% 10/29/2018         2,375,000 09/20/2018            1,423,397          1,423,397
21.02 SMC 1 6000 South Prairie Avenue 6000 South Prairie Avenue Chicago IL 60637 Multifamily Garden 1929 2011                24 Units 95.8% 10/29/2018         2,050,000 09/20/2018            1,228,616          1,228,616
21.03 SMC 1 9244 South Saginaw Avenue 9244 South Saginaw Avenue Chicago IL 60617 Multifamily Garden 1930 2011                22 Units 77.3% 10/29/2018         1,925,000 09/20/2018            1,153,700          1,153,700
21.04 SMC 1 4853 South Prairie Avenue 4853 South Prairie Avenue Chicago IL 60615 Multifamily Garden 1929 2011                18 Units 100.0% 10/29/2018         1,775,000 09/20/2018            1,063,802          1,063,802
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive 7348 South Dr. Martin Luther King Jr. Drive Chicago IL 60619 Multifamily Garden 1927 2011                20 Units 100.0% 10/29/2018         1,625,000 09/20/2018               973,903             973,903
21.06 SMC 1 7944 South Paulina Street 7944 South Paulina Street Chicago IL 60620 Multifamily Garden 1926 2011                24 Units 95.8% 10/29/2018         1,600,000 09/20/2018               958,920             958,920
21.07 SMC 1 7801 South Saginaw Avenue 7801 South Saginaw Avenue Chicago IL 60649 Multifamily Mid-Rise 1930 2011                18 Units 88.9% 10/29/2018         1,325,000 09/20/2018               794,105             794,105
21.08 SMC 1 8200 South Ingleside Avenue 8200 South Ingleside Avenue Chicago IL 60619 Multifamily Garden 1927 2011                19 Units 100.0% 10/29/2018         1,300,000 09/20/2018               779,122             779,122
21.09 SMC 1 1514 West 77th Street 1514 West 77th Street Chicago IL 60620 Multifamily Garden 1926 2011                19 Units 89.5% 10/29/2018         1,275,000 09/20/2018               764,139             764,139
21.10 SMC 1 8000 South Drexel Avenue 8000 South Drexel Avenue Chicago IL 60619 Multifamily Garden 1927 2011                19 Units 100.0% 10/29/2018         1,275,000 09/20/2018               764,139             764,139
21.11 SMC 1 8001 South Marshfield Avenue 8001 South Marshfield Avenue Chicago IL 60620 Multifamily Garden 1927 2011                18 Units 77.8% 10/29/2018         1,225,000 09/20/2018               734,173             734,173
21.12 SMC 1 1717 West 77th Street 1717 West 77th Street Chicago IL 60620 Multifamily Garden 1926 2011                15 Units 100.0% 10/29/2018         1,150,000 09/20/2018               689,224             689,224
21.13 SMC 1 1815 West 77th Street 1815 West 77th Street Chicago IL 60620 Multifamily Garden 1930 2011                16 Units 93.8% 10/29/2018         1,100,000 09/20/2018               659,257             659,257
21.14 SMC 1 1704 West 77th Street 1704 West 77th Street Chicago IL 60620 Multifamily Garden 1927 2011                16 Units 93.8% 10/29/2018         1,050,000 09/20/2018               629,291             629,291
21.15 SMC 1 1738 West 77th Street 1738 West 77th Street Chicago IL 60620 Multifamily Garden 1927 2011                16 Units 100.0% 10/29/2018         1,025,000 09/20/2018               614,308             614,308
21.16 SMC 1 8231 South Ellis Avenue 8231 South Ellis Avenue Chicago IL 60619 Multifamily Garden 1953 2011                14 Units 85.7% 10/29/2018         1,000,000 09/20/2018               599,325             599,325
21.17 SMC 1 1735 West 79th Street 1735 West 79th Street Chicago IL 60620 Multifamily Garden 1926 2011                17 Units 82.4% 10/29/2018            950,000 09/20/2018               569,359             569,359
21.18 SMC 1 1448 West 83rd Street 1448 West 83rd Street Chicago IL 60620 Multifamily Garden 1926 2011                12 Units 83.3% 10/29/2018            925,000 09/20/2018               554,376             554,376
21.19 SMC 1 8155 South Maryland Avenue 8155 South Maryland Avenue Chicago IL 60619 Multifamily Garden 1930 2011                15 Units 100.0% 10/29/2018            925,000 09/20/2018               554,376             554,376
21.20 SMC 1 8515 South Green Street 8515 South Green Street Chicago IL 60620 Multifamily Garden 1952 2011                12 Units 100.0% 10/29/2018            825,000 09/20/2018               494,443             494,443
21.21 SMC 1 8001 South Carpenter Street 8001 South Carpenter Street Chicago IL 60620 Multifamily Garden 1927 2011                10 Units 100.0% 10/29/2018            750,000 09/20/2018               449,494             449,494
21.22 SMC 1 7914 South Kingston Avenue 7914 South Kingston Avenue Chicago IL 60617 Multifamily Garden 1928 2011                12 Units 83.3% 10/29/2018            750,000 09/20/2018               449,494             449,494
21.23 SMC 1 8255 South Maryland Avenue 8255 South Maryland Avenue Chicago IL 60619 Multifamily Garden 1951 2011                12 Units 100.0% 10/29/2018            750,000 09/20/2018               449,494             449,494
21.24 SMC 1 8514 South Crandon Avenue 8514 South Crandon Avenue Chicago IL 60617 Multifamily Garden 1930 2011                  9 Units 100.0% 10/29/2018            675,000 09/20/2018               404,544             404,544
22 Barclays 1 Westbay Office Park 3010-3016 West Charleston Boulevard Las Vegas NV 89102 Office Suburban 1996, 1998       107,508 Square Feet 94.1% 09/01/2018       20,900,000 09/25/2018 No       15,675,000       15,675,000
23 Barclays 1 One River Place 1 River Place Wilmington DE 19801 Office Suburban 2004       157,273 Square Feet 100.0% 11/01/2018       49,500,000 10/05/2018 No       15,000,000       15,000,000
24 KeyBank 1 Alex Park South 210, 214 and 218-224 Alexander Street and 330-350 Monroe Avenue Rochester NY 14607 Office Suburban 1969, 1992, 1993, 1998, 2009, 2010 2010     348,872 Square Feet 93.6% 06/27/2018       66,000,000 06/25/2018 No       14,900,000       14,900,000
25 CCRE 3 RHW Multifamily Portfolio Various Various MI Various Multifamily Garden 1985               273 Units 93.4% 10/31/2018       20,590,000 06/25/2018 No       14,025,000       14,025,000
25.01 CCRE 1 Heathmoore 41299 Heathmoore Court Canton MI 48187 Multifamily Garden 1985               110 Units 99.1% 10/31/2018         7,990,000 06/25/2018            5,500,000          5,500,000
25.02 CCRE 1 Roanoke 6 Roanoke Lane Rochester Hills MI 48309 Multifamily Garden 1985                  88 Units 87.5% 10/31/2018         7,620,000 06/25/2018            5,500,000          5,500,000
25.03 CCRE 1 Wentworth 27010 Wentworth Drive Roseville MI 48066 Multifamily Garden 1985                  75 Units 92.0% 10/31/2018         4,980,000 06/25/2018            3,025,000          3,025,000
26 Barclays 2 Hostess Industrial Portfolio Various Various Various Various Industrial Warehouse Various Various     511,886 Square Feet 98.5% Various       19,400,000 Various No       14,000,000       14,000,000
26.01 Barclays 1 6301 North Broadway 6301 North Broadway St. Louis MO 63147 Industrial Warehouse 1954 2015     416,406 Square Feet 98.2% 10/18/2018       13,600,000 10/18/2018            9,750,000          9,750,000
26.02 Barclays 1 7714 Commercial Drive 7714 Commercial Drive Troy IL 62294 Industrial Warehouse 2001 2016        95,480 Square Feet 100.0% 11/13/2018         5,800,000 10/17/2018            4,250,000          4,250,000
27 Barclays 1 Knoxville Crossing 10405 North Centerway Drive Peoria IL 61615 Retail Anchored 2016          85,189 Square Feet 94.6% 08/01/2018       18,300,000 09/08/2018 No       13,687,500       13,687,500
28 Barclays 1 Bridgeport Center 7632 Southwest Durham Road Tigard OR 97224 Office Suburban 2001          89,610 Square Feet 83.7% 08/01/2018       22,600,000 09/04/2018 No       13,400,000       13,400,000
29 SMC 1 Southern Highlands Corporate Center 11411 Southern Highlands Parkway Las Vegas NV 89141 Office Suburban 2004          68,664 Square Feet 94.5% 08/30/2018       19,000,000 08/20/2018 No       12,250,000       12,250,000
30 Barclays 1 Fair Oaks Mall 11750 Fair Oaks Mall Fairfax VA 22033 Retail Super Regional Mall 1980 2014     779,949 Square Feet 91.6% 02/01/2018    545,600,000 02/03/2018 No       11,000,000       10,918,207
31 Barclays 2 Friedman Portfolio Various Various Various Various Retail Various Various Various        95,197 Square Feet 100.0% Various       15,800,000 Various No          9,325,000          9,325,000
31.01 Barclays 1 Jewel Osco 1501 East Algonquin Road Algonquin IL 60102 Retail Freestanding 2006          61,477 Square Feet 100.0% 11/07/2018         8,500,000 09/04/2018            5,016,614          5,016,614
31.02 Barclays 1 Coors Bypass 10420 Coors Bypass Northwest Albuquerque NM 87114 Retail Anchored 2000 2016        33,720 Square Feet 100.0% 09/12/2017         7,300,000 08/31/2018            4,308,386          4,308,386
32 KeyBank 1 Marketplace Center at Murfreesboro 1948-1960 Old Fort Parkway Murfreesboro TN 37129 Retail Anchored 1996-1999 2016     116,758 Square Feet 95.9% 09/10/2018       12,400,000 06/25/2018 No          8,600,000          8,581,330
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock 836 Upward Road Flat Rock NC 28731 Hotel Limited Service 2017                  84 Rooms 64.8% 09/30/2018       14,300,000 10/09/2018 No          8,500,000          8,500,000
34 SMC 1 Town and Country Apartments 3111 Old Sterlington Road Monroe LA 71203 Multifamily Garden 1972 2018             300 Units 78.0% 10/29/2018       15,800,000 09/26/2018 No          7,900,000          7,900,000
35 Barclays 1 Hampton Inn - Kimball 100 Hampton Drive South Pittsburg TN 37380 Hotel Limited Service 2013                  80 Rooms 80.8% 06/30/2018       10,900,000 06/18/2018 No          7,000,000          6,983,807

 

A-1-1 

 

 

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

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Street Address City State Zip Code Property Type(2) Property Sub-type Year
Built
Year
Renovated
Units(3) Unit of Measure Occupancy %(3)(4) Occupancy Date Appraised
Value ($)(5)
Appraisal Date Crossed Loan Original
Balance ($)(6)(7)
Current
Balance ($)(6)(7)
36 CCRE 1 College Park 2420 and 2440 West Arrow Route Upland CA 91786 Retail Unanchored 2009          30,398 Square Feet 91.7% 10/09/2018       12,000,000 09/01/2018 No          6,750,000          6,750,000
37 SMC 1 Storage Xxtra Stockbridge 490 Eagles Landing Parkway Stockbridge GA 30281 Self Storage Self Storage 2000 2017             724 Units 94.5% 10/29/2018       10,250,000 10/05/2018 No          6,700,000          6,700,000
38 Barclays 1 Valley Forge Corporate Center 970 Rittenhouse Road Audubon PA 19403 Industrial Flex 1974 2003        62,757 Square Feet 94.5% 09/01/2018         8,300,000 08/16/2018 No          5,925,000          5,917,942
39 Barclays 1 CB Square 9333 Atlantic Boulevard Jacksonville FL 32225 Retail Anchored 2004          73,100 Square Feet 94.0% 10/30/2018         9,500,000 08/02/2018 No          5,400,000          5,400,000
40 KeyBank 1 US Storage Centers - Bakersfield 3023 Unicorn Road Bakersfield CA 93308 Self Storage Self Storage 2005               257 Units 94.6% 09/30/2018         7,700,000 08/17/2018 No          5,000,000          5,000,000
41 SMC 1 Holiday Inn Express & Suites Vidor South 20691 IH-10 Vidor TX 77662 Hotel Limited Service 2009                  73 Rooms 73.5% 09/30/2018         7,500,000 09/19/2018 No          4,000,000          3,994,200
42 Barclays 1 Best Yet Storage - Shed Road 5630 Shed Road Bossier City LA 71111 Self Storage Self Storage 2015               372 Units 89.0% 09/30/2018         4,500,000 09/29/2018 No          3,100,000          3,100,000
43 SMC 1 Lincoln Commonwealth Center 122 Lincoln Boulevard Venice CA 90291 Office Suburban 1981          11,194 Square Feet 100.0% 10/30/2018         7,100,000 09/27/2018 No          3,000,000          3,000,000
44 SMC 1 Storage Xxtra Raymond Hill 231 Raymond Hill Road Newnan GA 30265 Self Storage Self Storage 2002               409 Units 87.4% 08/31/2018         4,750,000 10/05/2018 No          2,500,000          2,500,000

 

A-1-2 

 

 

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

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Current Balance per Unit ($) % of Initial Pool Balance Current LTV (%)(5) Maturity/ARD Balance ($)(6)(7) Maturity/ARD LTV (%)(5) Interest
Rate %
Admin. Fee %(8) Net Mortgage Rate % Accrual Type Monthly Debt Service Amount ($)(9) Annual Debt Service Amount ($) Note Date First Payment Date Partial IO Last IO Payment Partial IO First P&I Payment Original Term Remaining Term Original Amortization(10) Remaining Amortization(10) I/O Period Seasoning Amortization Type Payment Date
1 KeyBank 1 Dream Inn 333,333 6.2% 55.0%        55,000,000 55.0% 5.05000 0.02214 5.02786 Actual/360    234,673.03   2,816,076.36 11/13/2018 01/01/2019     120 120 0 0 120 0 Interest Only 1
2 Barclays 1 Christiana Mall 434 6.1% 32.5%        54,840,000 32.5% 4.27750 0.01113 4.26637 Actual/360    198,196.77   2,378,361.24 07/12/2018 09/01/2018     120 116 0 0 120 4 Interest Only 1
3 KeyBank 7 GNL Portfolio 152 6.1% 57.2%        54,175,000 57.2% 4.85300 0.02306 4.82994 Actual/360    222,135.68   2,665,628.16 11/09/2018 01/01/2019     120 120 0 0 120 0 Interest Only 1
3.01 KeyBank 1 Nimble Storage 152 2.4% 57.2%        21,325,607 57.2% 4.85300                                    
3.02 KeyBank 1 NetScout Systems 152 2.0% 57.2%        17,945,340 57.2% 4.85300                                    
3.03 KeyBank 1 Mallinckrodt 152 0.7% 57.2%          6,015,731 57.2% 4.85300                                    
3.04 KeyBank 1 PPD Global Labs 152 0.4% 57.2%          3,310,244 57.2% 4.85300                                    
3.05 KeyBank 1 PNC Bank 152 0.3% 57.2%          2,482,682 57.2% 4.85300                                    
3.06 KeyBank 1 FedEx Ground 152 0.2% 57.2%          1,949,543 57.2% 4.85300                                    
3.07 KeyBank 1 Weatherford International 152 0.1% 57.2%          1,145,854 57.2% 4.85300                                    
4 Barclays/CCRE 2 Liberty Portfolio 206 5.6% 64.6%        50,000,000 64.6% 4.75500 0.01238 4.74262 Actual/360    200,876.74   2,410,520.88 09/26/2018 11/06/2018     120 118 0 0 120 2 Interest Only 6
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado 206 4.8% 64.6%        42,467,603 64.6% 4.75500                                    
4.02 Barclays/CCRE 1 8501 East Raintree Drive 206 0.8% 64.6%          7,532,397 64.6% 4.75500                                    
5 SMC 3 Fidelis Portfolio 106 5.5% 63.7%        40,549,226 52.5% 5.01000 0.01440 4.99560 Actual/360    264,954.44   3,179,453.28 10/05/2018 11/06/2018     120 118 360 358 0 2 Balloon 6
5.01 SMC 1 Victory Lakes Town Center 106 2.2% 63.7%        15,953,090 52.5% 5.01000                                    
5.02 SMC 1 McKinney Towne Crossing 106 2.1% 63.7%        15,351,085 52.5% 5.01000                                    
5.03 SMC 1 Riverstone Shopping Center 106 1.3% 63.7%          9,245,051 52.5% 5.01000                                    
6 SMC 1 Troy Place 53 4.5% 53.0%        40,000,000 53.0% 5.09000 0.06214 5.02786 Actual/360    172,023.15   2,064,277.78 11/08/2018 01/06/2019     120 120 0 0 120 0 Interest Only 6
7 SMC 1 West Covina Village 164 4.0% 58.4%        32,810,382 53.3% 5.43600 0.01339 5.42261 Actual/360    202,960.82   2,435,529.84 11/07/2018 01/06/2019 12/06/2022 01/06/2023 120 120 360 360 48 0 IO-Balloon 6
8 CCRE 1 AVR Embassy Suites Fort Worth 225,641 3.9% 64.6%        32,743,579 60.1% 5.57800 0.04214 5.53586 Actual/360    201,587.75   2,419,053.00 11/08/2018 01/01/2019 12/01/2023 01/01/2024 120 120 360 360 60 0 IO-Balloon 1
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic 149,038 3.5% 59.5%        27,217,473 52.2% 5.60000 0.01339 5.58661 Actual/360    177,964.48   2,135,573.76 10/25/2018 12/06/2018 11/06/2020 12/06/2020 120 119 360 360 24 1 IO-Balloon 6
10 Barclays 1 Home Depot Technology Center 127 3.4% 66.5%        30,000,000 66.5% 5.00100 0.01505 4.98595 Actual/360    126,761.46   1,521,137.52 10/11/2018 12/05/2018     84 83 0 0 84 1 ARD-Interest Only 5
11 Barclays 2 Virginia Beach Hotel Portfolio 197,368 3.4% 69.0%        25,898,261 59.6% 4.91250 0.01238 4.90012 Actual/360    159,446.03   1,913,352.36 08/31/2018 10/06/2018 09/06/2020 10/06/2020 120 117 360 360 24 3 IO-Balloon 6
11.01 Barclays 1 Hilton Virginia Beach Oceanfront 197,368 2.2% 69.0%        16,841,814 59.6% 4.91250                                    
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront 197,368 1.2% 69.0%          9,056,447 59.6% 4.91250                                    
12 CCRE 1 Moffett Towers - Buildings E,F,G 420 2.8% 40.2%        25,000,000 40.2% 4.13098592 0.01238 4.11861 Actual/360      87,257.52   1,047,090.24 09/07/2018 11/06/2018     120 118 0 0 120 2 Interest Only 6
13 CCRE 2 Shelbourne Global Portfolio II 81 2.8% 58.7%        25,000,000 58.7% 5.57800 0.01539 5.56261 Actual/360    117,822.34   1,413,868.08 11/15/2018 01/06/2019     120 120 0 0 120 0 Interest Only 6
13.01 CCRE 1 White Clay Office Park 81 1.8% 58.7%        16,454,545 58.7% 5.57800                                    
13.02 CCRE 1 University Office Plaza 81 1.0% 58.7%          8,545,455 58.7% 5.57800                                    
14 SMC 1 Zenith Ridge 185 2.8% 67.6%        22,953,334 62.1% 4.70000 0.04238 4.65762 Actual/360    129,659.45   1,555,913.40 07/13/2018 09/06/2018 08/06/2023 09/06/2023 120 116 360 360 60 4 IO-Balloon 6
15 Barclays 1 Dudley Farms Plaza 107 2.8% 60.3%        24,700,000 60.3% 5.02400 0.01339 5.01061 Actual/360    104,846.93   1,258,163.16 10/05/2018 11/06/2018     120 118 0 0 120 2 Interest Only 6
16 Barclays 1 Moffett Towers II - Building 1 479 2.5% 46.8%        20,082,523 42.8% 3.89396667 0.01113 3.88284 Actual/360    103,690.98   1,244,291.76 07/13/2018 09/06/2018 08/06/2023 09/06/2023 116 112 360 360 60 4 IO-Balloon 6
17 SMC 1 Round Hill Square 181 2.4% 68.6%        19,569,998 63.8% 4.98300 0.01339 4.96961 Actual/360    112,648.40   1,351,780.80 09/27/2018 11/06/2018 04/06/2024 05/06/2024 120 118 360 360 66 2 IO-Balloon 6
18 SMC 6 TX-OK Portfolio 106 2.3% 68.9%        17,076,897 57.5% 5.41000 0.04339 5.36661 Actual/360    115,241.81   1,382,901.72 10/22/2018 12/06/2018     120 119 360 359 0 1 Balloon 6
18.01 SMC 1 NOV 106 0.6% 68.9%          4,657,336 57.5% 5.41000                                    
18.02 SMC 1 Cemex 106 0.5% 68.9%          3,679,870 57.5% 5.41000                                    
18.03 SMC 1 Telge Park 106 0.4% 68.9%          3,219,886 57.5% 5.41000                                    
18.04 SMC 1 Little York Industrial 106 0.4% 68.9%          3,162,388 57.5% 5.41000                                    
18.05 SMC 1 South Houston Industrial 106 0.2% 68.9%          1,437,449 57.5% 5.41000                                    
18.06 SMC 1 Logistics Park at World Houston 106 0.1% 68.9%             919,968 57.5% 5.41000                                    
19 CCRE 1 The Shops at Solaris 991 2.2% 46.7%        20,000,000 46.7% 4.35000 0.01238 4.33762 Actual/360      73,506.94      882,083.28 10/10/2018 12/06/2018     120 119 0 0 120 1 Interest Only 6
20 SMC 1 Centennial Gateway 192 2.0% 69.2%        16,591,204 63.8% 5.00800 0.01339 4.99461 Actual/360      96,635.32   1,159,623.84 09/28/2018 11/06/2018 10/06/2023 11/06/2023 120 118 360 360 60 2 IO-Balloon 6
21 SMC 24 Pangea 21 42,274 2.0% 59.9%        17,755,000 59.9% 4.99000 0.01339 4.97661 Actual/360      74,856.64      898,279.70 11/01/2018 12/06/2018     120 119 0 0 120 1 Interest Only 6
21.01 SMC 1 808 West 76th Street 42,274 0.2% 59.9%          1,423,397 59.9% 4.99000                                    
21.02 SMC 1 6000 South Prairie Avenue 42,274 0.1% 59.9%          1,228,616 59.9% 4.99000                                    
21.03 SMC 1 9244 South Saginaw Avenue 42,274 0.1% 59.9%          1,153,700 59.9% 4.99000                                    
21.04 SMC 1 4853 South Prairie Avenue 42,274 0.1% 59.9%          1,063,802 59.9% 4.99000                                    
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive 42,274 0.1% 59.9%             973,903 59.9% 4.99000                                    
21.06 SMC 1 7944 South Paulina Street 42,274 0.1% 59.9%             958,920 59.9% 4.99000                                    
21.07 SMC 1 7801 South Saginaw Avenue 42,274 0.1% 59.9%             794,105 59.9% 4.99000                                    
21.08 SMC 1 8200 South Ingleside Avenue 42,274 0.1% 59.9%             779,122 59.9% 4.99000                                    
21.09 SMC 1 1514 West 77th Street 42,274 0.1% 59.9%             764,139 59.9% 4.99000                                    
21.10 SMC 1 8000 South Drexel Avenue 42,274 0.1% 59.9%             764,139 59.9% 4.99000                                    
21.11 SMC 1 8001 South Marshfield Avenue 42,274 0.1% 59.9%             734,173 59.9% 4.99000                                    
21.12 SMC 1 1717 West 77th Street 42,274 0.1% 59.9%             689,224 59.9% 4.99000                                    
21.13 SMC 1 1815 West 77th Street 42,274 0.1% 59.9%             659,257 59.9% 4.99000                                    
21.14 SMC 1 1704 West 77th Street 42,274 0.1% 59.9%             629,291 59.9% 4.99000                                    
21.15 SMC 1 1738 West 77th Street 42,274 0.1% 59.9%             614,308 59.9% 4.99000                                    
21.16 SMC 1 8231 South Ellis Avenue 42,274 0.1% 59.9%             599,325 59.9% 4.99000                                    
21.17 SMC 1 1735 West 79th Street 42,274 0.1% 59.9%             569,359 59.9% 4.99000                                    
21.18 SMC 1 1448 West 83rd Street 42,274 0.1% 59.9%             554,376 59.9% 4.99000                                    
21.19 SMC 1 8155 South Maryland Avenue 42,274 0.1% 59.9%             554,376 59.9% 4.99000                                    
21.20 SMC 1 8515 South Green Street 42,274 0.1% 59.9%             494,443 59.9% 4.99000                                    
21.21 SMC 1 8001 South Carpenter Street 42,274 0.1% 59.9%             449,494 59.9% 4.99000                                    
21.22 SMC 1 7914 South Kingston Avenue 42,274 0.1% 59.9%             449,494 59.9% 4.99000                                    
21.23 SMC 1 8255 South Maryland Avenue 42,274 0.1% 59.9%             449,494 59.9% 4.99000                                    
21.24 SMC 1 8514 South Crandon Avenue 42,274 0.0% 59.9%             404,544 59.9% 4.99000                                    
22 Barclays 1 Westbay Office Park 146 1.8% 75.0%        13,916,986 66.6% 5.13700 0.04339 5.09361 Actual/360      85,464.11   1,025,569.32 10/22/2018 12/06/2018 11/06/2021 12/06/2021 120 119 360 360 36 1 IO-Balloon 6
23 Barclays 1 One River Place 159 1.7% 50.5%        15,000,000 50.5% 4.73500 0.04672 4.68828 Actual/360      60,009.55      720,114.60 11/01/2018 12/06/2018     120 119 0 0 120 1 Interest Only 6
24 KeyBank 1 Alex Park South 123 1.7% 65.0%        13,314,636 58.1% 5.44000 0.01988 5.42012 Actual/360      84,040.50   1,008,486.00 07/31/2018 09/01/2018 08/01/2021 09/01/2021 120 116 360 360 36 4 IO-Balloon 1
25 CCRE 3 RHW Multifamily Portfolio 51,374 1.6% 68.1%        12,283,035 59.7% 5.49300 0.03339 5.45961 Actual/360      79,570.82      954,849.84 11/14/2018 01/06/2019 12/06/2020 01/06/2021 120 120 360 360 24 0 IO-Balloon 6
25.01 CCRE 1 Heathmoore 51,374 0.6% 68.1%          4,816,876 59.7% 5.49300                                    
25.02 CCRE 1 Roanoke 51,374 0.6% 68.1%          4,816,876 59.7% 5.49300                                    
25.03 CCRE 1 Wentworth 51,374 0.3% 68.1%          2,649,282 59.7% 5.49300                                    
26 Barclays 2 Hostess Industrial Portfolio 27 1.6% 72.2%        12,188,993 62.8% 5.25000 0.01339 5.23661 Actual/360      77,308.52      927,702.24 11/13/2018 01/06/2019 12/06/2020 01/06/2021 120 120 360 360 24 0 IO-Balloon 6
26.01 Barclays 1 6301 North Broadway 27 1.1% 72.2%          8,488,763 62.8% 5.25000                                    
26.02 Barclays 1 7714 Commercial Drive 27 0.5% 72.2%          3,700,230 62.8% 5.25000                                    
27 Barclays 1 Knoxville Crossing 161 1.5% 74.8%        11,948,924 65.3% 5.35900 0.01339 5.34561 Actual/360      76,509.59      918,115.08 10/10/2018 11/06/2018 10/06/2020 11/06/2020 120 118 360 360 24 2 IO-Balloon 6
28 Barclays 1 Bridgeport Center 150 1.5% 59.3%        13,400,000 59.3% 4.49400 0.01339 4.48061 Actual/360      50,879.99      610,559.88 09/19/2018 11/06/2018     120 118 0 0 120 2 Interest Only 6
29 SMC 1 Southern Highlands Corporate Center 178 1.4% 64.5%        11,046,065 58.1% 5.38000 0.01339 5.36661 Actual/360      68,634.67      823,616.04 10/01/2018 11/06/2018 04/06/2022 05/06/2022 120 118 360 360 42 2 IO-Balloon 6
30 Barclays 1 Fair Oaks Mall 223 1.2% 31.8%        10,193,150 29.7% 4.25800 0.01238 4.24562 Actual/360      51,489.58      617,874.96 04/27/2018 06/10/2018     60 53 360 353 0 7 Balloon 10
31 Barclays 2 Friedman Portfolio 98 1.0% 59.0%          9,325,000 59.0% 5.33000 0.01339 5.31661 Actual/360      41,993.80      503,925.60 11/07/2018 12/06/2018     120 119 0 0 120 1 Interest Only 6
31.01 Barclays 1 Jewel Osco 98 0.6% 59.0%          5,016,614 59.0% 5.33000                                    
31.02 Barclays 1 Coors Bypass 98 0.5% 59.0%          4,308,386 59.0% 5.33000                                    
32 KeyBank 1 Marketplace Center at Murfreesboro 73 1.0% 69.2%          7,119,378 57.4% 5.21000 0.02214 5.18786 Actual/360      47,276.68      567,320.16 09/28/2018 11/01/2018     120 118 360 358 0 2 Balloon 1
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock 101,190 1.0% 59.4%          7,078,946 49.5% 5.40000 0.01339 5.38661 Actual/360      47,730.12      572,761.44 11/13/2018 01/06/2019     120 120 360 360 0 0 Balloon 6
34 SMC 1 Town and Country Apartments 26,333 0.9% 50.0%          7,900,000 50.0% 5.56000 0.01339 5.54661 Actual/360      37,111.71      445,340.56 11/02/2018 12/06/2018     120 119 0 0 120 1 Interest Only 6
35 Barclays 1 Hampton Inn - Kimball 87,298 0.8% 64.1%          5,737,869 52.6% 4.90600 0.06214 4.84386 Actual/360      37,176.40      446,116.80 09/12/2018 11/06/2018     120 118 360 358 0 2 Balloon 6

 

A-1-3 

 

 

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

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Current Balance per Unit ($) % of Initial Pool Balance Current LTV (%)(5) Maturity/ARD Balance ($)(6)(7) Maturity/ARD LTV (%)(5) Interest
Rate %
Admin. Fee %(8) Net Mortgage Rate % Accrual Type Monthly Debt Service Amount ($)(9) Annual Debt Service Amount ($) Note Date First Payment Date Partial IO Last IO Payment Partial IO First P&I Payment Original Term Remaining Term Original Amortization(10) Remaining Amortization(10) I/O Period Seasoning Amortization Type Payment Date
36 CCRE 1 College Park 222 0.8% 56.3%          6,750,000 56.3% 5.27100 0.03339 5.23761 Actual/360      30,061.17      360,734.04 11/01/2018 12/06/2018     120 119 0 0 120 1 Interest Only 6
37 SMC 1 Storage Xxtra Stockbridge 9,254 0.8% 65.4%          5,976,753 58.3% 5.36000 0.01339 5.34661 Actual/360      37,455.44      449,465.28 11/01/2018 12/06/2018 11/06/2021 12/06/2021 120 119 360 360 36 1 IO-Balloon 6
38 Barclays 1 Valley Forge Corporate Center 94 0.7% 71.3%          4,878,800 58.8% 5.04700 0.01339 5.03361 Actual/360      31,977.09      383,725.08 10/12/2018 12/06/2018     120 119 360 359 0 1 Balloon 6
39 Barclays 1 CB Square 74 0.6% 56.8%          5,400,000 56.8% 5.29000 0.01339 5.27661 Actual/360      24,135.63      289,627.56 10/31/2018 12/06/2018     120 119 0 0 120 1 Interest Only 6
40 KeyBank 1 US Storage Centers - Bakersfield 19,455 0.6% 64.9%          4,242,607 55.1% 5.17000 0.02214 5.14786 Actual/360      27,362.96      328,355.52 09/28/2018 11/01/2018 10/01/2019 11/01/2019 120 118 360 360 12 2 IO-Balloon 1
41 SMC 1 Holiday Inn Express & Suites Vidor South 54,715 0.4% 53.3%          3,094,285 41.3% 5.96900 0.01339 5.95561 Actual/360      25,696.31      308,355.72 10/16/2018 12/06/2018     120 119 300 299 0 1 Balloon 6
42 Barclays 1 Best Yet Storage - Shed Road 8,333 0.3% 68.9%          2,777,108 61.7% 5.56500 0.01339 5.55161 Actual/360      17,728.09      212,737.08 10/23/2018 12/06/2018 11/06/2021 12/06/2021 120 119 360 360 36 1 IO-Balloon 6
43 SMC 1 Lincoln Commonwealth Center 268 0.3% 42.3%          2,734,771 38.5% 5.45000 0.01339 5.43661 Actual/360      16,939.68      203,276.16 11/01/2018 12/06/2018 11/06/2022 12/06/2022 120 119 360 360 48 1 IO-Balloon 6
44 SMC 1 Storage Xxtra Raymond Hill 6,112 0.3% 52.6%          2,105,942 44.3% 5.34000 0.01339 5.32661 Actual/360      13,944.78      167,337.36 10/25/2018 12/06/2018 05/06/2019 06/06/2019 120 119 360 360 6 1 IO-Balloon 6

 

A-1-4 

 

 

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

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Grace Period
(Late Payment)(11)
Grace Period (Default) Maturity
/ARD Date
ARD Loan(12) Final Maturity Date Prepayment Provisions(13) Pari Passu (Y/N) Pari Passu Note Control (Y/N)  Original Balance Piece In Trust ($)  Original Balance Piece Non-Trust ($)  Total Original Balance Pari Passu Debt ($)  Total Current Balance Pari Passu Debt ($) Additional Debt Permitted (Y/N)(14) Additional Debt Exist (Y/N)(14)
1 KeyBank 1 Dream Inn 0 0 12/01/2028 No   L(24),Def(93),O(3) No NAP         Yes No
2 Barclays 1 Christiana Mall 0 0 08/01/2028 No   L(28),Def(85),O(7) Yes No            54,840,000            283,160,000                  338,000,000                  338,000,000 Yes Yes
3 KeyBank 7 GNL Portfolio 0 5 12/01/2028 No   L(25),Grtr1%orYM(91),O(4) Yes Yes            54,175,000              44,325,000                    98,500,000                    98,500,000 No No
3.01 KeyBank 1 Nimble Storage                                
3.02 KeyBank 1 NetScout Systems                                
3.03 KeyBank 1 Mallinckrodt                                
3.04 KeyBank 1 PPD Global Labs                                
3.05 KeyBank 1 PNC Bank                                
3.06 KeyBank 1 FedEx Ground                                
3.07 KeyBank 1 Weatherford International                                
4 Barclays/CCRE 2 Liberty Portfolio 5 0 10/06/2028 No   L(26),Def(91),O(3) Yes No            50,000,000            115,700,000                  165,700,000                  165,700,000 No No
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado                                
4.02 Barclays/CCRE 1 8501 East Raintree Drive                                
5 SMC 3 Fidelis Portfolio 0 0 10/06/2028 No   L(12),Grtr1%orYM(104),O(4) Yes Yes            49,300,000              45,000,000                    94,300,000                    94,086,513 No No
5.01 SMC 1 Victory Lakes Town Center                                
5.02 SMC 1 McKinney Towne Crossing                                
5.03 SMC 1 Riverstone Shopping Center                                
6 SMC 1 Troy Place 0 0 12/06/2028 No   L(24),Def(91),O(5) No NAP         No No
7 SMC 1 West Covina Village 1 (Once per calendar year) 0 12/06/2028 No   L(24),Def(92),O(4) No NAP         No No
8 CCRE 1 AVR Embassy Suites Fort Worth 4 (4 times during the term of the loan) 0 12/01/2028 No   L(24),Def(92),O(4) No NAP         No No
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic 0 0 11/06/2028 No   L(25),Def(90),O(5) No NAP         No No
10 Barclays 1 Home Depot Technology Center 0 0 11/05/2025 Yes 11/05/2028 L(25),Def(52),O(7) Yes Yes            30,000,000              14,300,000                    44,300,000                    44,300,000 No No
11 Barclays 2 Virginia Beach Hotel Portfolio 0 0 09/06/2028 No   L(27),Def(89),O(4) Yes No            30,000,000              60,000,000                    90,000,000                    90,000,000 No No
11.01 Barclays 1 Hilton Virginia Beach Oceanfront                                
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront                                
12 CCRE 1 Moffett Towers - Buildings E,F,G 0 0 10/06/2028 No   L(24),Grtr1%orYM(2),DeforGrtr1%orYM(87),O(7) Yes No            25,000,000            259,000,000                  284,000,000                  284,000,000 No Yes
13 CCRE 2 Shelbourne Global Portfolio II 0 0 12/06/2028 No   L(24),Def(93),O(3) Yes Yes            25,000,000              30,000,000                    55,000,000                    55,000,000 Yes No
13.01 CCRE 1 White Clay Office Park                                
13.02 CCRE 1 University Office Plaza                                
14 SMC 1 Zenith Ridge 0 0 08/06/2028 No   L(28),Def(88),O(4) Yes No            25,000,000              65,000,000                    90,000,000                    90,000,000 No No
15 Barclays 1 Dudley Farms Plaza 5 (Once per trailing 12-month period) 0 10/06/2028 No   L(23),Grtr1%orYM(93),O(4) No NAP         No No
16 Barclays 1 Moffett Towers II - Building 1 0 0 04/06/2028 No   L(24),Grtr1%orYM(4),DeforGrtr1%orYM(84),O(4) Yes No            22,000,000            146,000,000                  168,000,000                  168,000,000 No Yes
17 SMC 1 Round Hill Square 0 0 10/06/2028 No   L(26),Def(89),O(5) No NAP         Yes No
18 SMC 6 TX-OK Portfolio 0 0 11/06/2028 No   L(12),Grtr1%orYM(104),O(4) No NAP         No No
18.01 SMC 1 NOV                                
18.02 SMC 1 Cemex                                
18.03 SMC 1 Telge Park                                
18.04 SMC 1 Little York Industrial                                
18.05 SMC 1 South Houston Industrial                                
18.06 SMC 1 Logistics Park at World Houston                                
19 CCRE 1 The Shops at Solaris 0 0 11/06/2028 No   L(25),Def(92),O(3) Yes No            20,000,000              50,000,000                    70,000,000                    70,000,000 No No
20 SMC 1 Centennial Gateway 0 0 10/06/2028 No   L(26),Def(90),O(4) No NAP         No No
21 SMC 24 Pangea 21 0 0 11/06/2028 No   L(25),Def(89),O(6) No NAP         Yes No
21.01 SMC 1 808 West 76th Street                                
21.02 SMC 1 6000 South Prairie Avenue                                
21.03 SMC 1 9244 South Saginaw Avenue                                
21.04 SMC 1 4853 South Prairie Avenue                                
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive                                
21.06 SMC 1 7944 South Paulina Street                                
21.07 SMC 1 7801 South Saginaw Avenue                                
21.08 SMC 1 8200 South Ingleside Avenue                                
21.09 SMC 1 1514 West 77th Street                                
21.10 SMC 1 8000 South Drexel Avenue                                
21.11 SMC 1 8001 South Marshfield Avenue                                
21.12 SMC 1 1717 West 77th Street                                
21.13 SMC 1 1815 West 77th Street                                
21.14 SMC 1 1704 West 77th Street                                
21.15 SMC 1 1738 West 77th Street                                
21.16 SMC 1 8231 South Ellis Avenue                                
21.17 SMC 1 1735 West 79th Street                                
21.18 SMC 1 1448 West 83rd Street                                
21.19 SMC 1 8155 South Maryland Avenue                                
21.20 SMC 1 8515 South Green Street                                
21.21 SMC 1 8001 South Carpenter Street                                
21.22 SMC 1 7914 South Kingston Avenue                                
21.23 SMC 1 8255 South Maryland Avenue                                
21.24 SMC 1 8514 South Crandon Avenue                                
22 Barclays 1 Westbay Office Park 0 0 11/06/2028 No   L(25),Def(88),O(7) No NAP         No No
23 Barclays 1 One River Place 0 0 11/06/2028 No   L(25),Def(88),O(7) Yes Yes            15,000,000              10,000,000                    25,000,000                    25,000,000 No No
24 KeyBank 1 Alex Park South 5 5 08/01/2028 No   L(28),Def(89),O(3) Yes No            14,900,000              28,000,000                    42,900,000                    42,900,000 No No
25 CCRE 3 RHW Multifamily Portfolio 4 (2 times during the term of the loan) 4 (2 times during the term of the loan) 12/06/2028 No   L(24),Def(92),O(4) No NAP         No No
25.01 CCRE 1 Heathmoore                            
25.02 CCRE 1 Roanoke                            
25.03 CCRE 1 Wentworth                            
26 Barclays 2 Hostess Industrial Portfolio 0 0 12/06/2028 No   L(24),Def(92),O(4) No NAP         No No
26.01 Barclays 1 6301 North Broadway                            
26.02 Barclays 1 7714 Commercial Drive                            
27 Barclays 1 Knoxville Crossing 0 0 10/06/2028 No   L(26),Def(87),O(7) No NAP         No No
28 Barclays 1 Bridgeport Center 0 0 10/06/2028 No   L(26),Def(90),O(4) No NAP         Yes No
29 SMC 1 Southern Highlands Corporate Center 0 0 10/06/2028 No   L(26),Def(88),O(6) No NAP         No No
30 Barclays 1 Fair Oaks Mall 0 0 05/10/2023 No   L(31),Def(25),O(4) Yes No            11,000,000            164,000,000                  175,000,000                  173,698,743 No Yes
31 Barclays 2 Friedman Portfolio 0 0 11/06/2028 No   L(25),Def(88),O(7) No NAP         No No
31.01 Barclays 1 Jewel Osco                            
31.02 Barclays 1 Coors Bypass                            
32 KeyBank 1 Marketplace Center at Murfreesboro 0 5 10/01/2028 No   L(26),Def(88),O(6) No NAP         Yes No
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock 0 0 12/06/2028 No   L(24),Def(92),O(4) No NAP         No No
34 SMC 1 Town and Country Apartments 0 0 11/06/2028 No   L(25),Def(91),O(4) No NAP         No No
35 Barclays 1 Hampton Inn - Kimball 0 0 10/06/2028 No   L(26),Def(90),O(4) No NAP         No No

 

A-1-5 

 

 

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

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Grace Period
(Late Payment)(11)
Grace Period (Default) Maturity
/ARD Date
ARD Loan(12) Final Maturity Date Prepayment Provisions(13) Pari Passu (Y/N) Pari Passu Note Control (Y/N)  Original Balance Piece In Trust ($)  Original Balance Piece Non-Trust ($)  Total Original Balance Pari Passu Debt ($)  Total Current Balance Pari Passu Debt ($) Additional Debt Permitted (Y/N)(14) Additional Debt Exist (Y/N)(14)
36 CCRE 1 College Park 0 0 11/06/2028 No   L(25),Def(90),O(5) No NAP         No No
37 SMC 1 Storage Xxtra Stockbridge 0 0 11/06/2028 No   L(25),Def(91),O(4) No NAP         No No
38 Barclays 1 Valley Forge Corporate Center 0 0 11/06/2028 No   L(25),Def(91),O(4) No NAP         No No
39 Barclays 1 CB Square 0 0 11/06/2028 No   L(25),Def(88),O(7) No NAP         No No
40 KeyBank 1 US Storage Centers - Bakersfield 0 5 10/01/2028 No   L(25),Grtr1%orYM(92),O(3) No NAP         No No
41 SMC 1 Holiday Inn Express & Suites Vidor South 0 0 11/06/2028 No   L(25),Def(90),O(5) No NAP         No No
42 Barclays 1 Best Yet Storage - Shed Road 0 0 11/06/2028 No   L(24),Grtr1%orYM(92),O(4) No NAP         No No
43 SMC 1 Lincoln Commonwealth Center 0 0 11/06/2028 No   L(25),Def(91),O(4) No NAP         No No
44 SMC 1 Storage Xxtra Raymond Hill 0 0 11/06/2028 No   L(25),Def(91),O(4) No NAP         No No

 

 

A-1-6 

 

 

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

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Additional Debt Type(s)(14)  Additional Debt Current Balance ($) Additional Debt Interest Rate %  Total Debt
Current Balance ($)
Total Debt UW NCF DSCR (x) Total Debt Current LTV (%) Total Debt UW NOI Debt Yield (%) Current U/W NOI Debt Yield (%) Current U/W NCF Debt Yield (%) U/W NOI
DSCR (x)(15)
U/W NCF
DSCR (x)(15)
U/W Economic Occupancy (%) U/W
Revenues ($)(16)
 U/W Expenses ($)  U/W Net
Operating Income ($)
U/W Capital
Items ($)(17)
1 KeyBank 1 Dream Inn Future Mezzanine Loan NAP NAP   NAP   NAP NAP NAP 13.3% 12.2% 2.60 2.38 83.3%        22,826,143   15,514,540                    7,311,603                617,291
2 Barclays 1 Christiana Mall B-Note/Future Mezzanine Loan 212,000,000 4.27750            550,000,000 1.93 52.9% 8.5% 13.8% 13.6% 3.19 3.15 96.8%        56,260,022     9,514,932                 46,745,090                640,526
3 KeyBank 7 GNL Portfolio NAP NAP NAP              98,500,000 2.08 57.2% 11.0% 11.0% 10.2% 2.24 2.08 91.3%        13,867,956     3,011,132                 10,856,824                787,584
3.01 KeyBank 1 Nimble Storage                          90.0%           4,618,009        866,853                    3,751,156                287,409
3.02 KeyBank 1 NetScout Systems                          90.0%           3,959,693        775,913                    3,183,780                226,956
3.03 KeyBank 1 Mallinckrodt                          92.5%           2,462,730        671,997                    1,790,733                109,793
3.04 KeyBank 1 PPD Global Labs                          92.5%              977,331        177,726                       799,605                   50,734
3.05 KeyBank 1 PNC Bank                          95.0%           1,038,223        348,891                       689,332                   64,535
3.06 KeyBank 1 FedEx Ground                          95.0%              566,295        154,781                       411,514                   37,853
3.07 KeyBank 1 Weatherford International                          95.0%              245,675           14,971                       230,704                   10,304
4 Barclays/CCRE 2 Liberty Portfolio NAP NAP NAP            165,700,000 1.77 64.6% 9.1% 9.1% 8.5% 1.89 1.77 95.0%        19,169,391     4,059,580                 15,109,811                979,793
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado                        95.0%        16,209,889     3,419,672                 12,790,217                827,517
4.02 Barclays/CCRE 1 8501 East Raintree Drive                        95.0%           2,959,502        639,908                    2,319,594                152,275
5 SMC 3 Fidelis Portfolio NAP NAP NAP              94,086,513 1.74 63.7% 11.9% 11.9% 11.3% 1.84 1.74 91.5%        15,940,840     4,767,276                 11,173,564                575,710
5.01 SMC 1 Victory Lakes Town Center                        95.0%           6,033,195     1,559,644                    4,473,551                240,739
5.02 SMC 1 McKinney Towne Crossing                        87.3%           5,602,997     1,744,940                    3,858,058                157,823
5.03 SMC 1 Riverstone Shopping Center                        92.6%           4,304,647     1,462,692                    2,841,955                177,148
6 SMC 1 Troy Place NAP NAP NAP  NAP NAP NAP NAP 15.2% 12.8% 2.95 2.47 73.0%        10,550,799     4,466,390                    6,084,409                983,899
7 SMC 1 West Covina Village NAP NAP NAP  NAP NAP NAP NAP 10.0% 9.3% 1.48 1.37 92.8%           5,044,678     1,435,151                    3,609,527                264,000
8 CCRE 1 AVR Embassy Suites Fort Worth NAP NAP NAP  NAP NAP NAP NAP 12.9% 11.7% 1.88 1.70 84.0%        11,054,987     6,507,816                    4,547,171                442,199
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic NAP NAP NAP  NAP NAP NAP NAP 12.3% 10.8% 1.78 1.56 73.0%           9,330,088     5,528,865                    3,801,223                466,504
10 Barclays 1 Home Depot Technology Center NAP NAP NAP              44,300,000 1.77 66.5% 9.3% 9.3% 9.0% 1.83 1.77 96.1%           5,857,123     1,737,924                    4,119,198                135,825
11 Barclays 2 Virginia Beach Hotel Portfolio NAP NAP NAP              90,000,000 1.84 69.0% 13.1% 13.1% 11.8% 2.05 1.84 73.1%        30,113,592   18,324,515                 11,789,077             1,204,544
11.01 Barclays 1 Hilton Virginia Beach Oceanfront                        71.1%        20,016,328   12,352,214                    7,664,114                800,653
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront                        76.6%        10,097,264     5,972,301                    4,124,963                403,891
12 CCRE 1 Moffett Towers - Buildings E,F,G Mezzanine A Loan ($150,000,000)/Mezzanine B Loan ($66,000,000) 216,000,000 6.01528            500,000,000 1.41 70.8% 7.2% 12.6% 12.4% 3.01 2.97 95.0%        44,603,641     8,747,532                 35,856,109                547,016
13 CCRE 2 Shelbourne Global Portfolio II Future Mezzanine Loan NAP NAP              55,000,000 1.89 58.7% 11.4% 11.4% 10.7% 2.02 1.89 92.7%        10,439,667     4,165,229                    6,274,437                384,986
13.01 CCRE 1 White Clay Office Park                        94.8%           7,078,874     2,942,641                    4,136,232                265,230
13.02 CCRE 1 University Office Plaza                        88.4%           3,360,793     1,222,588                    2,138,205                119,756
14 SMC 1 Zenith Ridge NAP NAP NAP              90,000,000 1.54 67.6% 10.5% 10.5% 9.6% 1.68 1.54 95.0%        12,152,422     2,723,379                    9,429,044                801,900
15 Barclays 1 Dudley Farms Plaza NAP NAP NAP  NAP NAP NAP NAP 11.6% 10.7% 2.27 2.11 95.0%           3,762,144        900,283                    2,861,861                210,434
16 Barclays 1 Moffett Towers II - Building 1 Mezzanine Loan 112,000,000 6.00000            280,000,000 1.17 78.1% 6.9% 11.5% 11.3% 2.03 2.00 95.1%        22,533,789     3,284,899                 19,248,890                217,321
17 SMC 1 Round Hill Square Future Mezzanine Loan/Preferred Equity NAP NAP  NAP NAP NAP NAP 9.1% 8.9% 1.42 1.38 95.8%           2,596,442        677,555                    1,918,888                   57,992
18 SMC 6 TX-OK Portfolio NAP NAP NAP  NAP NAP NAP NAP 9.8% 8.9% 1.45 1.32 94.6%           2,592,693        591,437                    2,001,256                176,460
18.01 SMC 1 NOV                        95.0%              661,531           77,161                       584,370                   36,892
18.02 SMC 1 Cemex                        93.8%              548,606        130,816                       417,790                   36,558
18.03 SMC 1 Telge Park                        95.0%              602,103        179,296                       422,807                   29,344
18.04 SMC 1 Little York Industrial                        94.5%              356,953           71,982                       284,971                   51,446
18.05 SMC 1 South Houston Industrial                        95.0%              252,395           74,530                       177,864                   13,675
18.06 SMC 1 Logistics Park at World Houston                        94.7%              171,106           57,652                       113,454                     8,547
19 CCRE 1 The Shops at Solaris NAP NAP NAP              70,000,000 2.46 46.7% 11.1% 11.1% 10.8% 2.52 2.46 95.0%           9,597,539     1,830,761                    7,766,778                175,994
20 SMC 1 Centennial Gateway NAP NAP NAP  NAP NAP NAP NAP 10.5% 9.9% 1.62 1.54 95.0%           2,216,497        333,789                    1,882,708                   95,784
21 SMC 24 Pangea 21 Future Mezzanine Loan NAP NAP  NAP NAP NAP NAP 10.7% 10.1% 2.11 2.00 85.3%           3,365,965     1,467,135                    1,898,830                105,000
21.01 SMC 1 808 West 76th Street                                     
21.02 SMC 1 6000 South Prairie Avenue                                     
21.03 SMC 1 9244 South Saginaw Avenue                                     
21.04 SMC 1 4853 South Prairie Avenue                                     
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive                                     
21.06 SMC 1 7944 South Paulina Street                                     
21.07 SMC 1 7801 South Saginaw Avenue                                     
21.08 SMC 1 8200 South Ingleside Avenue                                     
21.09 SMC 1 1514 West 77th Street                                     
21.10 SMC 1 8000 South Drexel Avenue                                     
21.11 SMC 1 8001 South Marshfield Avenue                                     
21.12 SMC 1 1717 West 77th Street                                     
21.13 SMC 1 1815 West 77th Street                                     
21.14 SMC 1 1704 West 77th Street                                     
21.15 SMC 1 1738 West 77th Street                                     
21.16 SMC 1 8231 South Ellis Avenue                                     
21.17 SMC 1 1735 West 79th Street                                     
21.18 SMC 1 1448 West 83rd Street                                     
21.19 SMC 1 8155 South Maryland Avenue                                     
21.20 SMC 1 8515 South Green Street                                     
21.21 SMC 1 8001 South Carpenter Street                                     
21.22 SMC 1 7914 South Kingston Avenue                                     
21.23 SMC 1 8255 South Maryland Avenue                                     
21.24 SMC 1 8514 South Crandon Avenue                                     
22 Barclays 1 Westbay Office Park NAP NAP NAP  NAP NAP NAP NAP 10.0% 9.2% 1.53 1.41 90.0%           2,086,828        520,343                    1,566,485                118,302
23 Barclays 1 One River Place NAP NAP NAP              25,000,000 2.51 50.5% 13.1% 13.1% 12.0% 2.73 2.51 95.0%           4,367,307     1,086,298                    3,281,009                272,607
24 KeyBank 1 Alex Park South NAP NAP NAP              42,900,000 1.32 65.0% 10.1% 10.1% 8.9% 1.50 1.32 91.9%           7,726,071     3,373,977                    4,352,093                519,213
25 CCRE 3 RHW Multifamily Portfolio NAP NAP NAP  NAP NAP NAP NAP 9.4% 8.8% 1.38 1.29 86.3%           2,492,435     1,178,994                    1,313,441                   81,900
25.01 CCRE 1 Heathmoore                        85.8%              981,243        461,605                       519,638                   33,000
25.02 CCRE 1 Roanoke                        87.5%              870,713        364,889                       505,824                   26,400
25.03 CCRE 1 Wentworth                        85.5%              640,479        352,500                       287,979                   22,500
26 Barclays 2 Hostess Industrial Portfolio NAP NAP NAP  NAP NAP NAP NAP 11.3% 10.1% 1.70 1.52 90.5%           1,783,033        205,990                    1,577,043                165,370
26.01 Barclays 1 6301 North Broadway                        87.2%           1,290,877        192,186                    1,098,691                118,487
26.02 Barclays 1 7714 Commercial Drive                        100.0%              492,157           13,804                       478,353                   46,883
27 Barclays 1 Knoxville Crossing NAP NAP NAP  NAP NAP NAP NAP 10.0% 9.6% 1.50 1.42 92.0%           1,863,600        488,081                    1,375,519                   68,098
28 Barclays 1 Bridgeport Center Future Mezzanine Loan NAP NAP  NAP NAP NAP NAP 11.0% 10.2% 2.42 2.24 84.2%           2,215,813        736,969                    1,478,843                110,361
29 SMC 1 Southern Highlands Corporate Center NAP NAP NAP  NAP NAP NAP NAP 9.8% 9.2% 1.45 1.37 94.0%           1,799,935        602,766                    1,197,169                   68,420
30 Barclays 1 Fair Oaks Mall B-Note 84,367,961 7.50000            258,066,704 1.64 47.3% 11.6% 17.2% 16.3% 3.04 2.89 86.7%        45,095,362   15,187,457                 29,907,905             1,509,840
31 Barclays 2 Friedman Portfolio NAP NAP NAP  NAP NAP NAP NAP 9.5% 8.9% 1.76 1.65 95.0%           1,058,002        169,272                       888,729                   58,136
31.01 Barclays 1 Jewel Osco                        95.0%              481,242           17,500                       463,742                   26,558
31.02 Barclays 1 Coors Bypass                        95.0%              576,760        151,773                       424,987                   31,578
32 KeyBank 1 Marketplace Center at Murfreesboro Future Mezzanine Loan NAP NAP   NAP   NAP NAP NAP 11.0% 9.7% 1.67 1.47 94.8%           1,222,750        274,996                       947,753                115,941
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock NAP NAP NAP  NAP NAP NAP NAP 12.8% 11.6% 1.89 1.72 64.0%           2,449,645     1,365,364                    1,084,280                   97,986
34 SMC 1 Town and Country Apartments NAP NAP NAP  NAP NAP NAP NAP 9.8% 8.8% 1.74 1.56 71.3%           1,925,050     1,149,358                       775,692                   82,567
35 Barclays 1 Hampton Inn - Kimball NAP NAP NAP  NAP NAP NAP NAP 16.3% 14.8% 2.56 2.32 80.8%           2,617,320     1,476,078                    1,141,242                104,693

 

 

A-1-7 

 

 

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

 

Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Additional Debt Type(s)(14)  Additional Debt Current Balance ($) Additional Debt Interest Rate %  Total Debt
Current Balance ($)
Total Debt UW NCF DSCR (x) Total Debt Current LTV (%) Total Debt UW NOI Debt Yield (%) Current U/W NOI Debt Yield (%) Current U/W NCF Debt Yield (%) U/W NOI
DSCR (x)(15)
U/W NCF
DSCR (x)(15)
U/W Economic Occupancy (%) U/W
Revenues ($)(16)
 U/W Expenses ($)  U/W Net
Operating Income ($)
U/W Capital
Items ($)(17)
36 CCRE 1 College Park NAP NAP NAP  NAP NAP NAP NAP 9.9% 9.4% 1.86 1.76 91.2%              929,717        258,173                       671,544                   37,086
37 SMC 1 Storage Xxtra Stockbridge NAP NAP NAP  NAP NAP NAP NAP 9.6% 9.4% 1.43 1.41 78.8%              934,223        293,083                       641,140                     9,113
38 Barclays 1 Valley Forge Corporate Center NAP NAP NAP  NAP NAP NAP NAP 12.1% 10.9% 1.87 1.68 90.0%           1,096,740        378,984                       717,755                   72,523
39 Barclays 1 CB Square NAP NAP NAP  NAP NAP NAP NAP 10.4% 9.9% 1.94 1.84 76.3%              907,324        345,109                       562,215                   29,099
40 KeyBank 1 US Storage Centers - Bakersfield NAP NAP NAP   NAP   NAP NAP NAP 9.5% 9.3% 1.45 1.41 92.7%              683,083        207,378                       475,704                   12,245
41 SMC 1 Holiday Inn Express & Suites Vidor South NAP NAP NAP  NAP NAP NAP NAP 19.0% 17.2% 2.46 2.22 67.8%           1,781,519     1,024,487                       757,032                   71,261
42 Barclays 1 Best Yet Storage - Shed Road NAP NAP NAP  NAP NAP NAP NAP 9.6% 9.5% 1.40 1.38 85.4%              456,074        157,895                       298,178                     4,784
43 SMC 1 Lincoln Commonwealth Center NAP NAP NAP  NAP NAP NAP NAP 13.8% 13.4% 2.03 1.98 95.0%              508,565           95,653                       412,911                     9,739
44 SMC 1 Storage Xxtra Raymond Hill NAP NAP NAP  NAP NAP NAP NAP 10.5% 10.3% 1.57 1.53 81.2%              425,773        163,156                       262,617                     5,892

 

A-1-8 

 

 

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

 

          HISTORICAL FINANCIALS(18)            
                                             
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name  U/W Net
Cash Flow ($)
 Most Recent Revenues ($)  Most Recent Expenses ($)  Most Recent NOI ($) As of  2017 Revenues ($)  2017 Expenses ($)  2017
NOI ($)
 2016 Revenues ($)  2016 Expenses ($)  2016
NOI ($)
 2015 Revenues ($)  2015 Expenses ($)  2015
NOI ($)
Title Type(19) Ground Lease Expiration Ground Lease Extension Terms Ground Lease Annual Payment PML %
1 KeyBank 1 Dream Inn       6,694,311       22,826,143       15,222,177      7,603,966 TTM 09/30/2018    19,191,526     13,505,907       5,685,619    17,813,827  12,280,909     5,532,918     18,823,656    11,925,418     6,898,238 Fee       19%
2 Barclays 1 Christiana Mall    46,104,564       54,029,729       10,479,303    43,550,426 TTM 05/31/2018    54,058,534     10,544,365     43,514,169    54,140,474  10,182,915  43,957,559     52,126,066    10,208,012  41,918,054 Fee/Leasehold 12/31/2028 None $0  
3 KeyBank 7 GNL Portfolio    10,069,241         9,764,886         1,703,495      8,061,391 TTM 07/31/2018       9,565,204       1,554,087       8,011,118       8,607,204     1,199,606     7,407,598        8,817,537       1,552,230     7,265,307 Fee       Various
3.01 KeyBank 1 Nimble Storage       3,463,748         4,848,869            810,142      4,038,727 TTM 07/31/2018       4,933,544          860,152       4,073,392       4,492,466        566,002     3,926,464        4,801,604          961,515     3,840,089 Fee       19%
3.02 KeyBank 1 NetScout Systems       2,956,824                                       Fee        
3.03 KeyBank 1 Mallinckrodt       1,680,940         2,479,612            657,929      1,821,683 TTM 07/31/2018       2,375,601          535,724       1,839,877       2,352,949        587,241     1,765,708        2,293,496          568,304     1,725,193 Fee        
3.04 KeyBank 1 PPD Global Labs          748,870            920,481               59,663          860,818 TTM 07/31/2018          910,329             49,867          860,462          882,105          42,928        839,177           853,409            11,799        841,610 Fee        
3.05 KeyBank 1 PNC Bank          624,797            671,478               19,375          652,103 TTM 07/31/2018          661,231               2,689          658,542          648,310             2,680        645,630           635,598               2,627        632,970 Fee        
3.06 KeyBank 1 FedEx Ground          373,661            603,216            138,897          464,319 TTM 07/31/2018          444,601             93,942          350,660                   Fee        
3.07 KeyBank 1 Weatherford International          220,400            241,230               17,489          223,741 TTM 07/31/2018          239,898             11,714          228,184          231,374                755        230,619           233,430               7,985        225,445 Fee        
4 Barclays/CCRE 2 Liberty Portfolio    14,130,018       17,361,723         2,858,899    14,502,825 T-7 Ann. 07/31/2018    10,833,560       2,085,330       8,748,230       8,906,536     1,704,875     7,201,661        5,666,748       1,015,706     4,651,042 Various Various Various Various  
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado    11,962,700       14,474,784         2,355,223    12,119,561 T-7 Ann. 07/31/2018       7,965,235       1,571,541       6,393,694       5,306,641     1,191,393     4,115,248        1,585,912          527,540     1,058,372 Fee/Leasehold Various None $916,929  
4.02 Barclays/CCRE 1 8501 East Raintree Drive       2,167,319         2,886,939            503,676      2,383,263 T-7 Ann. 07/31/2018       2,868,325          513,789       2,354,536       3,599,895        513,482     3,086,413        4,080,836          488,166     3,592,670 Fee        
5 SMC 3 Fidelis Portfolio    10,597,854       14,508,461         3,996,132    10,512,329 TTM 08/31/2018    14,564,250       4,398,547     10,165,703    14,484,632     4,345,843  10,138,789     14,206,185       4,358,583     9,847,602 Fee        
5.01 SMC 1 Victory Lakes Town Center       4,232,813         5,226,175         1,257,703      3,968,472 TTM 08/31/2018       5,249,419       1,412,495       3,836,923       5,273,603     1,441,769     3,831,834        5,380,691       1,430,800     3,949,891 Fee        
5.02 SMC 1 McKinney Towne Crossing       3,700,234         5,041,155         1,375,241      3,665,914 TTM 08/31/2018       5,012,930       1,514,492       3,498,438       4,862,334     1,500,573     3,361,761        4,632,348       1,619,759     3,012,589 Fee        
5.03 SMC 1 Riverstone Shopping Center       2,664,807         4,241,131         1,363,188      2,877,943 TTM 08/31/2018       4,301,901       1,471,560       2,830,341       4,348,695     1,403,501     2,945,194        4,193,146       1,308,024     2,885,122 Fee        
6 SMC 1 Troy Place       5,100,510         8,947,069         4,413,992      4,533,077 TTM 09/30/2018       8,383,832       4,158,041       4,225,791       7,506,821     4,084,213     3,422,608        7,287,391       3,925,236     3,362,155 Fee        
7 SMC 1 West Covina Village       3,345,527         4,169,571         1,399,910      2,769,661 TTM 08/31/2018       4,131,333       1,339,711       2,791,622       4,065,078     1,364,291     2,700,787        3,877,440       1,300,134     2,577,306 Fee       9%
8 CCRE 1 AVR Embassy Suites Fort Worth       4,104,972       10,173,883         6,581,144      3,592,739 TTM 08/31/2018    10,605,103       6,395,691       4,209,412    10,943,000     6,261,071     4,681,929     10,767,247       6,108,605     4,658,642 Fee        
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic       3,334,718         9,330,088         5,505,373      3,824,715 TTM 09/30/2018       9,255,820       5,395,352       3,860,467       8,644,336     5,052,883     3,591,453        8,444,028       4,810,834     3,633,194 Leasehold 04/17/2077 One 15-year option followed by one 14-year option $331,963  
10 Barclays 1 Home Depot Technology Center       3,983,373         5,618,072         1,709,507      3,908,565 TTM 08/31/2018       4,467,959       1,582,192       2,885,767       2,478,395     1,491,128        987,268        1,182,718       1,165,609          17,108 Fee        
11 Barclays 2 Virginia Beach Hotel Portfolio    10,584,533       30,066,599       18,225,519    11,841,080 TTM 05/31/2018    30,917,483     18,407,936     12,509,547    31,038,981  18,754,354  12,284,627     29,554,323    18,212,755  11,341,568 Fee/Leasehold        
11.01 Barclays 1 Hilton Virginia Beach Oceanfront       6,863,461       19,969,335       12,352,327      7,617,008 TTM 05/31/2018    20,662,681     12,488,938       8,173,743    20,777,960  12,950,847     7,827,113     20,204,653    12,731,919     7,472,734 Fee/Leasehold        
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront       3,721,073       10,097,264         5,873,192      4,224,072 TTM 05/31/2018    10,254,802       5,918,998       4,335,804    10,261,021     5,803,508     4,457,513        9,349,670       5,480,836     3,868,834 Fee/Leasehold        
12 CCRE 1 Moffett Towers - Buildings E,F,G    35,309,093       32,818,293         7,649,480    25,168,813 TTM 05/31/2018    32,579,236       7,625,984     24,953,252    32,138,354     7,161,118  24,977,236     31,625,808       7,258,056  24,367,752 Fee       13%
13 CCRE 2 Shelbourne Global Portfolio II       5,889,451         9,859,275         4,118,616      5,740,659 TTM 08/31/2018       9,405,878       4,020,817       5,385,061                   Fee        
13.01 CCRE 1 White Clay Office Park       3,871,002         6,825,920         2,896,295      3,929,625 TTM 08/31/2018       6,572,660       2,860,748       3,711,913                   Fee        
13.02 CCRE 1 University Office Plaza       2,018,449         3,033,355         1,222,321      1,811,034 TTM 08/31/2018       2,833,218       1,160,069       1,673,148                   Fee        
14 SMC 1 Zenith Ridge       8,627,144       11,411,164         2,040,081      9,371,083 TTM 05/31/2018    11,193,818       1,959,830       9,233,988       9,275,299     1,618,191     7,657,108          Fee        
15 Barclays 1 Dudley Farms Plaza       2,651,427         3,722,917            904,182      2,818,736 TTM 08/31/2018       3,730,732          821,356       2,909,376       3,710,218        898,210     2,812,008        3,694,904          827,101     2,867,803 Leasehold 10/31/2096 None $231,130  
16 Barclays 1 Moffett Towers II - Building 1    19,031,569                                       Fee       5%
17 SMC 1 Round Hill Square       1,860,896         2,534,363            675,116      1,859,247 TTM 08/31/2018       2,623,480          793,483       1,829,997       2,611,050        627,907     1,983,143        2,474,837          659,409     1,815,427 Fee       10%
18 SMC 6 TX-OK Portfolio       1,824,796                  1,255,708          158,721       1,096,987       1,089,229        105,636        983,593          Fee        
18.01 SMC 1 NOV          547,478                     561,396                  350          561,046          549,409                350        549,059          Fee        
18.02 SMC 1 Cemex          381,232                     565,432          124,847          440,585          539,820        105,286        434,534          Fee        
18.03 SMC 1 Telge Park          393,464                                       Fee        
18.04 SMC 1 Little York Industrial          233,525                                       Fee        
18.05 SMC 1 South Houston Industrial          164,190                                       Fee        
18.06 SMC 1 Logistics Park at World Houston          104,908                     128,880             33,524             95,356                   Fee        
19 CCRE 1 The Shops at Solaris       7,590,784         9,353,373         1,600,971      7,752,402 TTM 08/31/2018       8,689,122       1,514,420       7,174,703       8,292,213     1,354,388     6,937,825        8,250,132       1,404,797     6,845,335 Fee        
20 SMC 1 Centennial Gateway       1,786,924         1,897,799            318,303      1,579,496 TTM 06/30/2018       1,849,694          323,442       1,526,252       1,286,664        269,423     1,017,241           297,986          269,173          28,813 Fee        
21 SMC 24 Pangea 21       1,793,830         3,365,965         1,462,712      1,903,253 TTM 08/31/2018       3,384,477       1,470,113       1,914,364       3,327,919     1,508,554     1,819,365        3,206,934       1,503,778     1,703,156 Fee        
21.01 SMC 1 808 West 76th Street                                          Fee        
21.02 SMC 1 6000 South Prairie Avenue                                          Fee        
21.03 SMC 1 9244 South Saginaw Avenue                                          Fee        
21.04 SMC 1 4853 South Prairie Avenue                                          Fee        
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive                                          Fee        
21.06 SMC 1 7944 South Paulina Street                                          Fee        
21.07 SMC 1 7801 South Saginaw Avenue                                          Fee        
21.08 SMC 1 8200 South Ingleside Avenue                                          Fee        
21.09 SMC 1 1514 West 77th Street                                          Fee        
21.10 SMC 1 8000 South Drexel Avenue                                          Fee        
21.11 SMC 1 8001 South Marshfield Avenue                                          Fee        
21.12 SMC 1 1717 West 77th Street                                          Fee        
21.13 SMC 1 1815 West 77th Street                                          Fee        
21.14 SMC 1 1704 West 77th Street                                          Fee        
21.15 SMC 1 1738 West 77th Street                                          Fee        
21.16 SMC 1 8231 South Ellis Avenue                                          Fee        
21.17 SMC 1 1735 West 79th Street                                          Fee        
21.18 SMC 1 1448 West 83rd Street                                          Fee        
21.19 SMC 1 8155 South Maryland Avenue                                          Fee        
21.20 SMC 1 8515 South Green Street                                          Fee        
21.21 SMC 1 8001 South Carpenter Street                                          Fee        
21.22 SMC 1 7914 South Kingston Avenue                                          Fee        
21.23 SMC 1 8255 South Maryland Avenue                                          Fee        
21.24 SMC 1 8514 South Crandon Avenue                                          Fee        
22 Barclays 1 Westbay Office Park       1,448,183         1,435,629            518,665          916,964 TTM 08/31/2018       1,597,123          464,358       1,132,765       1,446,636        393,928     1,052,708        1,177,885          378,130        799,755 Fee        
23 Barclays 1 One River Place       3,008,402         5,070,130         1,101,111      3,969,019 TTM 09/30/2018       5,280,460       1,081,414       4,199,046       5,000,001     1,004,140     3,995,861        4,926,504          951,678     3,974,826 Fee        
24 KeyBank 1 Alex Park South       3,832,880         7,181,377         2,993,493      4,187,884 TTM 05/31/2018       6,800,883       3,299,475       3,501,408       8,026,055     3,362,400     4,663,655        7,985,946       3,259,664     4,726,282 Fee        
25 CCRE 3 RHW Multifamily Portfolio       1,231,541         2,499,493         1,151,862      1,347,631 TTM 09/30/2018       2,468,511       1,155,629       1,312,882       2,374,130     1,171,984     1,202,146        2,313,489       1,104,007     1,209,482 Fee        
25.01 CCRE 1 Heathmoore          486,638            981,243            447,793          533,450 TTM 09/30/2018       1,000,104          442,759          557,345          930,034        457,910        472,124           894,488          404,290        490,198 Fee        
25.02 CCRE 1 Roanoke          479,424            877,771            357,357          520,414 TTM 09/30/2018          848,774          375,243          473,531          834,219        378,208        456,011           836,697          378,919        457,778 Fee        
25.03 CCRE 1 Wentworth          265,479            640,479            346,712          293,767 TTM 09/30/2018          619,633          337,627          282,006          609,877        335,866        274,011           582,304          320,798        261,506 Fee        
26 Barclays 2 Hostess Industrial Portfolio       1,411,673         1,885,605            204,350      1,681,255 TTM 09/30/2018       1,827,970          203,437       1,624,533       1,719,237        184,797     1,534,440        1,152,258          200,965        951,293 Fee        
26.01 Barclays 1 6301 North Broadway          980,204         1,393,449            188,085      1,205,364 TTM 09/30/2018       1,335,814          189,338       1,146,476       1,323,120        169,836     1,153,284        1,152,258          200,965        951,293 Fee        
26.02 Barclays 1 7714 Commercial Drive          431,469            492,156               16,265          475,891 TTM 09/30/2018          492,156             14,099          478,057          396,117          14,961        381,156          Fee        
27 Barclays 1 Knoxville Crossing       1,307,421         1,659,733            403,845      1,255,888 TTM 07/31/2018       1,540,299          373,214       1,167,085                   Fee        
28 Barclays 1 Bridgeport Center       1,368,482         2,091,375            728,806      1,362,569 TTM 08/31/2018       2,034,667          710,102       1,324,565       1,993,755        643,128     1,350,627        2,103,521          717,779     1,385,742 Fee       11%
29 SMC 1 Southern Highlands Corporate Center       1,128,749         1,687,553            598,159      1,089,394 TTM 07/31/2018       1,673,613          581,384       1,092,229       1,462,325        568,264        894,061        1,357,059          604,820        752,239 Fee        
30 Barclays 1 Fair Oaks Mall    28,398,064               47,308,867     15,012,540     32,296,326    50,381,051  15,478,478  34,902,573     49,139,554    14,789,192  34,350,362 Fee        
31 Barclays 2 Friedman Portfolio          830,593         1,037,326            136,873          900,453 T-11 Ann. 09/30/2018          985,351          138,522          846,829                   Fee        
31.01 Barclays 1 Jewel Osco          437,184            491,820          491,820 T-11 Ann. 09/30/2018          491,814 0          491,814                   Fee        
31.02 Barclays 1 Coors Bypass          393,409            545,506            136,873          408,633 T-11 Ann. 09/30/2018          493,537          138,522          355,015                   Fee        
32 KeyBank 1 Marketplace Center at Murfreesboro          831,813         1,141,918            272,005          869,914 TTM 07/31/2018       1,272,239          262,150       1,010,089          937,205        227,850        709,355           821,167          297,857        523,310 Fee        
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock          986,295         2,478,432         1,344,073      1,134,359 T-9 09/30/2018 + 3 Mo. Budget                            Fee        
34 SMC 1 Town and Country Apartments          693,125         1,925,050         1,030,360          894,690 TTM 08/31/2018       1,814,249       1,025,781          788,468       1,534,627        958,983        575,644        2,269,316       1,145,506     1,123,810 Fee        
35 Barclays 1 Hampton Inn - Kimball       1,036,550         2,617,320         1,513,534      1,103,786 TTM 06/30/2018       2,491,764       1,504,326          987,438       2,376,397     1,461,145        915,252        2,169,017       1,379,838        789,179 Fee        

 

A-1-9 

 

 

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

 

          HISTORICAL FINANCIALS(18)          
                                             
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name  U/W Net
Cash Flow ($)
 Most Recent Revenues ($)  Most Recent Expenses ($)  Most Recent NOI ($) As of  2017 Revenues ($)  2017 Expenses ($)  2017
NOI ($)
 2016 Revenues ($)  2016 Expenses ($)  2016
NOI ($)
 2015 Revenues ($)  2015 Expenses ($)  2015
NOI ($)
Title Type(19) Ground Lease Expiration Ground Lease Extension Terms Ground Lease Annual Payment PML %
36 CCRE 1 College Park          634,458                     852,085          217,563          634,522          859,713        222,808        636,905           742,500          204,012        538,488 Fee       8%
37 SMC 1 Storage Xxtra Stockbridge          632,027            903,282            358,123          545,159 TTM 08/31/2018          797,504          366,157          431,347          681,581        255,622        425,960           655,794          233,800        421,994 Fee        
38 Barclays 1 Valley Forge Corporate Center          645,232            938,602            371,473          567,129 TTM 08/31/2018          685,772          307,050          378,722          582,175        298,521        283,654           818,068          268,357        549,711 Fee        
39 Barclays 1 CB Square          533,116            501,001            332,075          168,926 TTM 06/30/2018          494,105          330,156          163,950          539,730        290,102        249,628          Fee        
40 KeyBank 1 US Storage Centers - Bakersfield          463,460            683,083            192,381          490,702 TTM 09/30/2018          619,209          177,846          441,363          367,465        117,926        249,539          Fee       7%
41 SMC 1 Holiday Inn Express & Suites Vidor South          685,771         2,230,786         1,213,243      1,017,543 TTM 09/30/2018       1,576,239          942,378          633,862       1,288,144        773,574        514,570        1,316,438          793,693        522,745 Fee        
42 Barclays 1 Best Yet Storage - Shed Road          293,395            415,979            160,112          255,867 TTM 09/30/2018          359,741          154,237          205,504          229,307        116,908        112,399          Fee        
43 SMC 1 Lincoln Commonwealth Center          403,173            501,903               91,937          409,966 TTM 07/31/2018          495,862             91,409          404,453          450,000        112,991        337,009           431,383          109,923        321,461 Fee       18%
44 SMC 1 Storage Xxtra Raymond Hill          256,725            388,252            159,070          229,181 TTM 08/31/2018          326,661          148,739          177,922          295,968        121,408        174,560          Fee        

 

A-1-10 

 

 

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

 

        UPFRONT ESCROWS(20)
                         
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Upfront Capex Reserve ($) Upfront Engineering Reserve ($) Upfront Environmental Reserve ($) Upfront TI/LC Reserve ($) Upfront RE Tax Reserve ($) Upfront Insurance Reserve ($) Upfront Debt Service Reserve ($) Upfront Other Reserve ($) Other Upfront Description
1 KeyBank 1 Dream Inn 710,000 0 0 0 149,302 0 0 290,000 Seasonality Reserve
2 Barclays 1 Christiana Mall 0 0 0 0 0 0 0 1,804,093 Outstanding TI/LC Reserve
3 KeyBank 7 GNL Portfolio 0 233,500 0 0 0 0 0 0  
3.01 KeyBank 1 Nimble Storage                  
3.02 KeyBank 1 NetScout Systems                  
3.03 KeyBank 1 Mallinckrodt                  
3.04 KeyBank 1 PPD Global Labs                  
3.05 KeyBank 1 PNC Bank                  
3.06 KeyBank 1 FedEx Ground                  
3.07 KeyBank 1 Weatherford International                  
4 Barclays/CCRE 2 Liberty Portfolio 0 3,125 0 0 89,189 18,366 0 1,348,629 Unfunded Obligations Reserve: 1,161,769; Free Rent Reserve: 109,603.33; Ground Rent Reserve: 77,257.14
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado                  
4.02 Barclays/CCRE 1 8501 East Raintree Drive                  
5 SMC 3 Fidelis Portfolio 0 0 0 1,500,000 2,477,325 107,526 0 3,664,994 Existing TI/LC: 3,557,280.43; Rent Concession Reserve: 107,713.91
5.01 SMC 1 Victory Lakes Town Center                  
5.02 SMC 1 McKinney Towne Crossing                  
5.03 SMC 1 Riverstone Shopping Center                  
6 SMC 1 Troy Place 0 976,875 0 1,000,000 176,523 59,904 0 488,121 Rent Concession Reserve: 378,120.75; Existing TI/LC Reserve: 110,000
7 SMC 1 West Covina Village 275,000 0 0 0 93,324 72,609 0 0  
8 CCRE 1 AVR Embassy Suites Fort Worth 0 0 0 0 0 0 0 743,070 PIP Reserve: $423,070; Seasonality Reserve: $320,000
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic 0 0 0 0 0 0 177,964 123,800 Collateral Rent Reserve
10 Barclays 1 Home Depot Technology Center 0 0 0 0 27,577 0 0 1,415,196 UL LLC Lease Reserve: 1,054,026.64; Rent Abatement Reserve: 361,169.76
11 Barclays 2 Virginia Beach Hotel Portfolio 0 0 0 0 326,006 0 0 741,954 HGI PIP Reserve
11.01 Barclays 1 Hilton Virginia Beach Oceanfront                  
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront                  
12 CCRE 1 Moffett Towers - Buildings E,F,G 0 0 0 23,914,655 1,772,695 0 0 15,021,721 Rent Concession Reserve
13 CCRE 2 Shelbourne Global Portfolio II 0 227,250 0 3,000,000 273,402 41,067 0 17,050 Free Rent Reserve
13.01 CCRE 1 White Clay Office Park                  
13.02 CCRE 1 University Office Plaza                  
14 SMC 1 Zenith Ridge 0 0 0 0 30,949 0 0 2,335,949 Outstanding TI/LC Reserve: 1,445,533; Rent Concession Reserve: 890,416
15 Barclays 1 Dudley Farms Plaza 0 0 0 0 0 0 0 0  
16 Barclays 1 Moffett Towers II - Building 1 0 0 0 21,651,588 559,294 0 0 5,064,484 Free Rent Reserve
17 SMC 1 Round Hill Square 0 218,750 0 475,000 18,537 24,868 0 42,200 Postal CAM Reserve
18 SMC 6 TX-OK Portfolio 0 0 0 0 177,185 38,143 0 730,889 Rent Gap Reserve: 404,320; Outstanding Buildout Reserve: 326,569
18.01 SMC 1 NOV                  
18.02 SMC 1 Cemex                  
18.03 SMC 1 Telge Park                  
18.04 SMC 1 Little York Industrial                  
18.05 SMC 1 South Houston Industrial                  
18.06 SMC 1 Logistics Park at World Houston                  
19 CCRE 1 The Shops at Solaris 0 0 0 0 597,966 48,724 0 0  
20 SMC 1 Centennial Gateway 0 0 0 0 12,550 12,293 0 545,070 Sapporo TI Reserve: 187,635; Café Zupas TI Reserve: 164,160; Sapporo Rent Concession Reserve: 123,051.03; Café Zupas Rent Concession Reserve: 70,224
21 SMC 24 Pangea 21 0 0 0 0 121,705 48,613 0 0  
21.01 SMC 1 808 West 76th Street                  
21.02 SMC 1 6000 South Prairie Avenue                  
21.03 SMC 1 9244 South Saginaw Avenue                  
21.04 SMC 1 4853 South Prairie Avenue                  
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive                  
21.06 SMC 1 7944 South Paulina Street                  
21.07 SMC 1 7801 South Saginaw Avenue                  
21.08 SMC 1 8200 South Ingleside Avenue                  
21.09 SMC 1 1514 West 77th Street                  
21.10 SMC 1 8000 South Drexel Avenue                  
21.11 SMC 1 8001 South Marshfield Avenue                  
21.12 SMC 1 1717 West 77th Street                  
21.13 SMC 1 1815 West 77th Street                  
21.14 SMC 1 1704 West 77th Street                  
21.15 SMC 1 1738 West 77th Street                  
21.16 SMC 1 8231 South Ellis Avenue                  
21.17 SMC 1 1735 West 79th Street                  
21.18 SMC 1 1448 West 83rd Street                  
21.19 SMC 1 8155 South Maryland Avenue                  
21.20 SMC 1 8515 South Green Street                  
21.21 SMC 1 8001 South Carpenter Street                  
21.22 SMC 1 7914 South Kingston Avenue                  
21.23 SMC 1 8255 South Maryland Avenue                  
21.24 SMC 1 8514 South Crandon Avenue                  
22 Barclays 1 Westbay Office Park 0 75,844 0 300,000 19,205 0 0 396,820 Unfunded Obligations Reserve
23 Barclays 1 One River Place 0 0 0 0 0 0 0 1,572,730 Tenant Obligation Reserve
24 KeyBank 1 Alex Park South 7,196 228,125 0 1,700,000 31,333 0 0 1,308,361 Windstream Reserve: 1,300,000; Rent Concession Reserve: 8,361
25 CCRE 3 RHW Multifamily Portfolio 0 57,323 0 0 45,000 37,120 0 0  
25.01 CCRE 1 Heathmoore                  
25.02 CCRE 1 Roanoke                  
25.03 CCRE 1 Wentworth                  
26 Barclays 2 Hostess Industrial Portfolio 0 0 0 0 29,845 0 0 0  
26.01 Barclays 1 6301 North Broadway                  
26.02 Barclays 1 7714 Commercial Drive                  
27 Barclays 1 Knoxville Crossing 0 0 0 198,825 46,664 1,349 0 0  
28 Barclays 1 Bridgeport Center 0 750 0 500,000 191,974 0 0 624,700 Existing TI/LC Obligations Reserve: 345,833; Rent Concessions Reserve: 278,866.50
29 SMC 1 Southern Highlands Corporate Center 0 0 0 500,000 18,127 13,000 0 166,419 Lightspeed Reserve
30 Barclays 1 Fair Oaks Mall 0 0 0 3,954,170 0 0 0 1,183,388 Gap Rent Reserve
31 Barclays 2 Friedman Portfolio 0 0 0 0 0 1,810 0 1,500 Specific Item Reserve
31.01 Barclays 1 Jewel Osco                  
31.02 Barclays 1 Coors Bypass                  
32 KeyBank 1 Marketplace Center at Murfreesboro 1,946 0 0 100,000 0 0 0 60,083 Future Tenant Reserve
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock 0 0 0 0 0 5,527 0 0  
34 SMC 1 Town and Country Apartments 0 25,188 0 0 0 36,871 0 50,000 Parking Repairs Reserve
35 Barclays 1 Hampton Inn - Kimball 0 0 0 0 48,335 0 0 0  

 

A-1-11 

 

 

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

 

        UPFRONT ESCROWS(20)
                         
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Upfront Capex Reserve ($) Upfront Engineering Reserve ($) Upfront Environmental Reserve ($) Upfront TI/LC Reserve ($) Upfront RE Tax Reserve ($) Upfront Insurance Reserve ($) Upfront Debt Service Reserve ($) Upfront Other Reserve ($) Other Upfront Description
36 CCRE 1 College Park 0 0 0 0 0 0 0 0  
37 SMC 1 Storage Xxtra Stockbridge 0 0 0 0 7,193 8,622 0 0  
38 Barclays 1 Valley Forge Corporate Center 0 0 0 0 12,365 2,241 0 235,568 BioScript Rent Abatement Reserve: 106,351.74; NX LLC TI/LC Reserve: 94,189; NX LLC Rent Abatement Reserve: 35,027.11
39 Barclays 1 CB Square 0 3,500 0 400,000 7,732 2,347 0 0  
40 KeyBank 1 US Storage Centers - Bakersfield 1,020 0 0 0 35,345 2,431 0 0  
41 SMC 1 Holiday Inn Express & Suites Vidor South 0 0 0 0 89,469 3,792 0 972,180 PIP Reserve
42 Barclays 1 Best Yet Storage - Shed Road 0 0 0 0 33,473 1,288 0 0  
43 SMC 1 Lincoln Commonwealth Center 0 0 0 100,000 40,005 4,184 0 0  
44 SMC 1 Storage Xxtra Raymond Hill 0 0 0 0 0 6,550 0 0  

 

A-1-12 

 

 

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

 

        MONTHLY ESCROWS(21)   RESERVE CAPS(22)  
                                       
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Monthly
Capex
Reserve ($)
Monthly Environmental Reserve ($) Monthly TI/LC Reserve ($) Monthly
RE Tax Reserve ($)
Monthly Insurance Reserve ($) Monthly Other Reserve ($) Other Monthly Description   CapEx
Reserve Cap ($)
Environmental Reserve Cap ($) TI/LC Reserve Cap ($) RE Tax Reserve Cap ($) Insurance Reserve Cap ($) Debt Service Reserve Cap ($) Other Reserve Cap ($) Single Tenant
1 KeyBank 1 Dream Inn 4% of Gross Room Revenues 0 0 47,453 Springing Springing Seasonality Reserve               290,000 No
2 Barclays 1 Christiana Mall Springing 0 Springing Springing Springing 0     241,565   1,449,387         No
3 KeyBank 7 GNL Portfolio Springing 0 Springing Springing Springing 0         5,000,000         Yes
3.01 KeyBank 1 Nimble Storage                               Yes
3.02 KeyBank 1 NetScout Systems                               Yes
3.03 KeyBank 1 Mallinckrodt                               Yes
3.04 KeyBank 1 PPD Global Labs                               Yes
3.05 KeyBank 1 PNC Bank                               Yes
3.06 KeyBank 1 FedEx Ground                               Yes
3.07 KeyBank 1 Weatherford International                               Yes
4 Barclays/CCRE 2 Liberty Portfolio 13,429 0 0 44,594 9,183 77,257 Ground Rent Reserve                 Various
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado                               No
4.02 Barclays/CCRE 1 8501 East Raintree Drive                               Yes
5 SMC 3 Fidelis Portfolio 11,071 0 Springing 225,211 18,419 0         1,500,000         No
5.01 SMC 1 Victory Lakes Town Center                               No
5.02 SMC 1 McKinney Towne Crossing                               No
5.03 SMC 1 Riverstone Shopping Center                               No
6 SMC 1 Troy Place 18,921 0 63,071 44,021 8,558 0         2,500,000         No
7 SMC 1 West Covina Village 3,667 0 41,250 46,662 6,601 0         1,500,000         No
8 CCRE 1 AVR Embassy Suites Fort Worth 4% of Gross Revenues 0 0 Springing Springing Springing Seasonality Reserve               320,000 No
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic Springing 0 0 Springing Springing Springing Ground Rent Reserve                 No
10 Barclays 1 Home Depot Technology Center Springing 0 0 27,577 Springing 0                   No
11 Barclays 2 Virginia Beach Hotel Portfolio 5% of Gross Revenues 0 0 81,502 28,642 Springing Parking and Retail Lease Reserve   3,755,852             No
11.01 Barclays 1 Hilton Virginia Beach Oceanfront                               No
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront                               No
12 CCRE 1 Moffett Towers - Buildings E,F,G 11,277 0 0 253,242 Springing Springing Lease Sweep Reserve             23,680,930 20,297,940 Yes
13 CCRE 2 Shelbourne Global Portfolio II 8,060 0 Springing 91,134 9,676 0         2,500,000         No
13.01 CCRE 1 White Clay Office Park                               No
13.02 CCRE 1 University Office Plaza                               No
14 SMC 1 Zenith Ridge 6,075 0 60,750 54,461 Springing 0                   No
15 Barclays 1 Dudley Farms Plaza Springing 0 Springing Springing Springing 0         850,000         No
16 Barclays 1 Moffett Towers II - Building 1 0 0 0 111,859 Springing 0                   Yes
17 SMC 1 Round Hill Square 1,933 0 Springing 9,268 2,763 Springing Major Tenant Reserve   100,000   475,000         No
18 SMC 6 TX-OK Portfolio 4,862 0 6,667 24,381 5,655 0                   Various
18.01 SMC 1 NOV                               Yes
18.02 SMC 1 Cemex                               Yes
18.03 SMC 1 Telge Park                               No
18.04 SMC 1 Little York Industrial                               No
18.05 SMC 1 South Houston Industrial                               No
18.06 SMC 1 Logistics Park at World Houston                               Yes
19 CCRE 1 The Shops at Solaris 883 0 0 74,746 8,121 0                   No
20 SMC 1 Centennial Gateway 1,722 0 6,260 6,275 2,459 0                   No
21 SMC 24 Pangea 21 8,750 0 0 30,426 6,945 0     315,000             No
21.01 SMC 1 808 West 76th Street                               No
21.02 SMC 1 6000 South Prairie Avenue                               No
21.03 SMC 1 9244 South Saginaw Avenue                               No
21.04 SMC 1 4853 South Prairie Avenue                               No
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive                               No
21.06 SMC 1 7944 South Paulina Street                               No
21.07 SMC 1 7801 South Saginaw Avenue                               No
21.08 SMC 1 8200 South Ingleside Avenue                               No
21.09 SMC 1 1514 West 77th Street                               No
21.10 SMC 1 8000 South Drexel Avenue                               No
21.11 SMC 1 8001 South Marshfield Avenue                               No
21.12 SMC 1 1717 West 77th Street                               No
21.13 SMC 1 1815 West 77th Street                               No
21.14 SMC 1 1704 West 77th Street                               No
21.15 SMC 1 1738 West 77th Street                               No
21.16 SMC 1 8231 South Ellis Avenue                               No
21.17 SMC 1 1735 West 79th Street                               No
21.18 SMC 1 1448 West 83rd Street                               No
21.19 SMC 1 8155 South Maryland Avenue                               No
21.20 SMC 1 8515 South Green Street                               No
21.21 SMC 1 8001 South Carpenter Street                               No
21.22 SMC 1 7914 South Kingston Avenue                               No
21.23 SMC 1 8255 South Maryland Avenue                               No
21.24 SMC 1 8514 South Crandon Avenue                               No
22 Barclays 1 Westbay Office Park 1,799 0 13,491 6,402 Springing 0         728,534         No
23 Barclays 1 One River Place Springing 0 Springing Springing Springing 0                   Yes
24 KeyBank 1 Alex Park South 7,196 0 51,749 4,476 Springing 0         5,000,000         No
25 CCRE 3 RHW Multifamily Portfolio 6,825 0 0 20,000 7,424 0                   No
25.01 CCRE 1 Heathmoore                               No
25.02 CCRE 1 Roanoke                               No
25.03 CCRE 1 Wentworth                               No
26 Barclays 2 Hostess Industrial Portfolio 4,266 0 12,797 14,922 Springing 0         460,697         Various
26.01 Barclays 1 6301 North Broadway                               No
26.02 Barclays 1 7714 Commercial Drive                               Yes
27 Barclays 1 Knoxville Crossing 1,065 0 4,969 11,666 1,349 0         120,000         No
28 Barclays 1 Bridgeport Center 1,494 0 Springing 17,452 Springing 0         450,000         No
29 SMC 1 Southern Highlands Corporate Center 1,259 0 8,583 9,407 1,750 0     75,000   600,000         No
30 Barclays 1 Fair Oaks Mall Springing 0 Springing Springing Springing Springing Owned Anchor Reserve: Springing; Owned Anchor Termination Reserve: Springing   434,772   4,094,748       Owned Anchor Reserve: 2,150,000 No
31 Barclays 2 Friedman Portfolio 0 0 0 3,999 1,810 0                   Various
31.01 Barclays 1 Jewel Osco                               Yes
31.02 Barclays 1 Coors Bypass                               No
32 KeyBank 1 Marketplace Center at Murfreesboro 1,946 0 5,351 7,366 Springing 0     70,055   192,652         No
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock 2% of Gross Revenues 0 0 5,404 1,842 0                   No
34 SMC 1 Town and Country Apartments 6,881 0 0 7,549 14,744 0                   No
35 Barclays 1 Hampton Inn - Kimball 4% of Gross Revenues 0 0 4,394 Springing 0                   No

 

A-1-13 

 

 

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

 

        MONTHLY ESCROWS(21)   RESERVE CAPS(22)  
                                       
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Monthly
Capex
Reserve ($)
Monthly Environmental Reserve ($) Monthly TI/LC Reserve ($) Monthly
RE Tax Reserve ($)
Monthly Insurance Reserve ($) Monthly Other Reserve ($) Other Monthly Description   CapEx
Reserve Cap ($)
Environmental Reserve Cap ($) TI/LC Reserve Cap ($) RE Tax Reserve Cap ($) Insurance Reserve Cap ($) Debt Service Reserve Cap ($) Other Reserve Cap ($) Single Tenant
36 CCRE 1 College Park 557 0 2,533 Springing Springing Springing Key Tenant Rollover Reserve       91,500         No
37 SMC 1 Storage Xxtra Stockbridge 759 0 0 7,193 958 0     50,000             No
38 Barclays 1 Valley Forge Corporate Center 523 0 5,230 9,463 1,121 0         251,028         No
39 Barclays 1 CB Square 914 0 Springing 7,732 2,347 Springing Cash Sweep Cure Reserve: Springing       300,000         No
40 KeyBank 1 US Storage Centers - Bakersfield 1,020 0 0 5,049 810 0     36,734             No
41 SMC 1 Holiday Inn Express & Suites Vidor South 4% of Gross Revenues 0 0 8,134 3,792 0                   No
42 Barclays 1 Best Yet Storage - Shed Road Springing 0 0 2,789 644 0                   No
43 SMC 1 Lincoln Commonwealth Center 345 0 Springing Springing 482 0     30,000   100,000         No
44 SMC 1 Storage Xxtra Raymond Hill 491 0 0 2,370 728 0     50,000             No

 

A-1-14 

 

 

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

 

        TENANCY INFORMATION(23)(24)(25)  
                                       
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Largest Tenant  Unit Size Lease Expiration Second Largest Tenant  Unit Size Lease Expiration Third Largest Tenant  Unit Size Lease Expiration Fourth Largest Tenant  Unit Size Lease Expiration Fifth Largest Tenant  Unit Size Lease Expiration Loan Purpose
1 KeyBank 1 Dream Inn                                    Refinance
2 Barclays 1 Christiana Mall Target  145,312 12/31/2036 Cabela’s   100,000 01/31/2035 Cinemark  50,643 11/30/2029 Barnes & Noble   36,803 01/31/2020 XXI Forever   27,300 01/31/2020 Refinance
3 KeyBank 7 GNL Portfolio                                    Refinance
3.01 KeyBank 1 Nimble Storage Nimble Storage  164,608 10/31/2021                              
3.02 KeyBank 1 NetScout Systems NetScout Systems  144,779 08/31/2030                              
3.03 KeyBank 1 Mallinckrodt Mallinckrodt Pharmaceuticals    89,900 08/31/2024                              
3.04 KeyBank 1 PPD Global Labs PPD Global Labs    73,220 12/31/2024                              
3.05 KeyBank 1 PNC Bank PNC Bank    97,203 07/31/2029                              
3.06 KeyBank 1 FedEx Ground FedEx Ground    58,148 06/30/2026                              
3.07 KeyBank 1 Weatherford International Weatherford International    19,855 11/01/2025                              
4 Barclays/CCRE 2 Liberty Portfolio                                    Acquisition
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado Centene Management Company, LLC  352,988 01/31/2028 DHL Express (USA), Inc.   117,593 02/28/2023 WageWorks, Inc.  76,162 12/31/2021 Carvana, LLC   69,774 02/29/2024 DriveTime Automotive Group, Inc.   65,889 02/29/2024  
4.02 Barclays/CCRE 1 8501 East Raintree Drive The Vanguard Group, Inc.  123,340 07/31/2026                              
5 SMC 3 Fidelis Portfolio                                    Acquisition
5.01 SMC 1 Victory Lakes Town Center JC Penney  103,525 09/30/2033 University of Texas Medical Branch      87,615 08/30/2028 Hobby Lobby  55,000 04/30/2024 Best Buy   30,038 01/31/2023 Goodwill   18,055 12/31/2020  
5.02 SMC 1 McKinney Towne Crossing Patel Brothers    30,000 07/31/2028 Ross Dress for Less      27,689 01/31/2024 Petsmart  27,404 07/31/2023 Dollar Tree   11,985 06/30/2028 Famous Footwear     7,000 01/31/2020  
5.03 SMC 1 Riverstone Shopping Center Hobby Lobby    60,971 10/31/2021 LA Fitness      45,000 12/31/2020 Ross Dress for Less  30,174 01/31/2021 Palais Royal   30,000 01/31/2021 Bed Bath & Beyond   28,000 01/31/2021  
6 SMC 1 Troy Place GP Strategies Corporation    41,566 06/30/2027 Marsh & McLennan Agency LLC      23,483 10/31/2020 ThyssenKrupp Presta North America  23,260 03/31/2020 Kelley Blue Book Co., Inc.   22,742 03/31/2024 Dynamic Acquisition Co., LLC   19,722 08/31/2024 Refinance
7 SMC 1 West Covina Village Stater Bros.    35,232 12/10/2021 United Education Institute      34,603 01/31/2028 LA Fitness  28,300 11/30/2026 Dollar Tree   10,234 03/31/2022 Turner’s Outdoorsman       9,425 12/31/2028 Refinance
8 CCRE 1 AVR Embassy Suites Fort Worth                                    Acquisition
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic                                    Refinance
10 Barclays 1 Home Depot Technology Center Home Depot  310,669 07/31/2029 Underwriters Laboratories, LLC      36,829 08/31/2029                      Acquisition
11 Barclays 2 Virginia Beach Hotel Portfolio                                    Acquisition
11.01 Barclays 1 Hilton Virginia Beach Oceanfront                                     
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront                                     
12 CCRE 1 Moffett Towers - Buildings E,F,G Amazon  676,598 06/30/2030                             Refinance
13 CCRE 2 Shelbourne Global Portfolio II                                    Refinance
13.01 CCRE 1 White Clay Office Park Chase Bank USA  190,492 07/31/2023 Sardo & Sons Warehousing   125,000 04/30/2021 Citigroup  88,471 03/31/2022 First Data Corporation   46,458 08/31/2022 Walgreens Eastern Co, Inc.   14,000 07/31/2020  
13.02 CCRE 1 University Office Plaza The State of DE - DAS    24,803 12/31/2019 State of DE Department of H&SS      24,285 08/31/2028 Department of Health & SS  10,557 06/30/2025 DE Sleep Disorder Centers     6,485 12/31/2024 Substation Engineering Co     6,101 02/28/2019  
14 SMC 1 Zenith Ridge Ansys, Inc.  216,971 12/31/2029 EQT Corp.   180,908 01/31/2031 Nicholson Construction Company  17,342 01/31/2026 Regus   13,814 01/31/2025 Sentric Holdings Corp.   13,334 09/30/2021 Refinance
15 Barclays 1 Dudley Farms Plaza Kohl’s    86,584 01/31/2024 OfficeMax      23,500 09/30/2023 Michaels  23,285 02/28/2027 Books-A-Million   20,000 01/21/2024 Shoe Carnival   20,000 01/31/2022 Refinance
16 Barclays 1 Moffett Towers II - Building 1 Amazon  350,633 04/30/2028                             Recapitalization
17 SMC 1 Round Hill Square Safeway    39,398 12/31/2022 Barton Healthcare      13,384 06/30/2023 US Post Office  13,232 08/31/2020 Dollar Tree     9,771 07/31/2019 Worldmark by Wyndham     5,240 12/31/2022 Acquisition
18 SMC 6 TX-OK Portfolio                                    Acquisition
18.01 SMC 1 NOV National Oilwell Varco    48,400 06/30/2029                              
18.02 SMC 1 Cemex Cemex    21,405 10/31/2025                              
18.03 SMC 1 Telge Park UNDINE LLC    15,000 02/28/2026 IBSCO      10,200 01/31/2026 Travis Roofing Supply  10,000 01/31/2024 Silver Ridge Security     6,000 02/28/2024         
18.04 SMC 1 Little York Industrial Gulf Coast Conversions    27,876 08/31/2019 APS Building Services      22,851 03/31/2022                       
18.05 SMC 1 South Houston Industrial Deutsche Windtechnik    11,200 02/28/2024 DANOBAT Group        8,000 02/28/2024                       
18.06 SMC 1 Logistics Park at World Houston Chaparral Insulation    12,000 11/30/2022                              
19 CCRE 1 The Shops at Solaris Bol    13,368 09/30/2033 Cinebistro (theater)      12,595 10/31/2030 Matsuhisa Vail     6,604 12/31/2021 Inspirato     2,640 08/30/2022 Betteridge Jewelers     2,505 06/30/2020 Refinance
20 SMC 1 Centennial Gateway Total Wine    35,076 12/31/2025 DownEast      19,981 09/04/2026 Mrs. Patio     8,400 02/28/2026 Bourbon Street Sports Bar     6,972 07/31/2026 Deseret Books     6,000 03/31/2023 Acquisition
21 SMC 24 Pangea 21                                    Refinance
21.01 SMC 1 808 West 76th Street                                     
21.02 SMC 1 6000 South Prairie Avenue                                     
21.03 SMC 1 9244 South Saginaw Avenue                                     
21.04 SMC 1 4853 South Prairie Avenue                                     
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive                                     
21.06 SMC 1 7944 South Paulina Street                                     
21.07 SMC 1 7801 South Saginaw Avenue                                     
21.08 SMC 1 8200 South Ingleside Avenue                                     
21.09 SMC 1 1514 West 77th Street                                     
21.10 SMC 1 8000 South Drexel Avenue                                     
21.11 SMC 1 8001 South Marshfield Avenue                                     
21.12 SMC 1 1717 West 77th Street                                     
21.13 SMC 1 1815 West 77th Street                                     
21.14 SMC 1 1704 West 77th Street                                     
21.15 SMC 1 1738 West 77th Street                                     
21.16 SMC 1 8231 South Ellis Avenue                                     
21.17 SMC 1 1735 West 79th Street                                     
21.18 SMC 1 1448 West 83rd Street                                     
21.19 SMC 1 8155 South Maryland Avenue                                     
21.20 SMC 1 8515 South Green Street                                     
21.21 SMC 1 8001 South Carpenter Street                                     
21.22 SMC 1 7914 South Kingston Avenue                                     
21.23 SMC 1 8255 South Maryland Avenue                                     
21.24 SMC 1 8514 South Crandon Avenue                                     
22 Barclays 1 Westbay Office Park University of Nevada, Las Vegas, School of Medicine    30,297 08/31/2023 Department of Employment      21,335 01/31/2026 Stantec Consulting Services  13,446 07/31/2023 Interdent Service Corporation     6,751 08/31/2023 Department of Transportation     6,350 09/30/2020 Acquisition
23 Barclays 1 One River Place AAA Club Alliance Inc.  157,273 06/30/2035                             Refinance
24 KeyBank 1 Alex Park South Rochester General Hospital  117,578 06/30/2022 MVP Health Care, Inc.   116,676 05/31/2028 Windstream Communications  72,796 09/30/2022 IMA Disability Services     4,839 02/28/2022 Alexander Medical Group     4,684 11/30/2021 Refinance
25 CCRE 3 RHW Multifamily Portfolio                                    Acquisition
25.01 CCRE 1 Heathmoore                                     
25.02 CCRE 1 Roanoke                                     
25.03 CCRE 1 Wentworth                                     
26 Barclays 2 Hostess Industrial Portfolio                                    Refinance
26.01 Barclays 1 6301 North Broadway Luxco  206,896 01/31/2022 Suburban Industrial Packaging      90,000 09/30/2022 Eagle Alcohol  55,034 01/31/2020 Semco Plastic   29,144 04/30/2019 Ronnoco   27,887 07/30/2020  
26.02 Barclays 1 7714 Commercial Drive Ozburn-Hessey    95,480 06/30/2021                              
27 Barclays 1 Knoxville Crossing Schnucks    68,308 12/31/2036 OSF Medical        3,225 07/31/2028 Potbelly     2,400 02/28/2027 Verizon Wireless     2,400 05/31/2022 Dominos     1,800 11/30/2022 Acquisition
28 Barclays 1 Bridgeport Center Allstate Insurance Company    42,569 09/30/2022 Hi-Tec Sports USA        8,123 07/31/2020 Davidson Benefits Planning, LLC     5,925 02/28/2019 Northwest Hospice, LLC     5,205 12/15/2023 Banner Bank     4,785 07/31/2023 Refinance
29 SMC 1 Southern Highlands Corporate Center Lightspeed VT (Desert Sales Academy)    27,217 01/01/2021 Olympia Land Corporation      14,840 09/30/2032 Olympia Management Services, L.L.C.     7,300 09/30/2032 Delta Insurance Agency     2,540 12/31/2018 Blue Air Training, LLC     2,458 07/31/2021 Refinance
30 Barclays 1 Fair Oaks Mall Macy’s  215,000 02/01/2026 XXI Forever      51,317 01/31/2022 H&M  20,265 01/31/2029 Express   12,278 01/31/2024 Victoria’s Secret   12,170 01/31/2026 Refinance
31 Barclays 2 Friedman Portfolio                                    Acquisition
31.01 Barclays 1 Jewel Osco Jewel Osco    61,477 10/31/2037                              
31.02 Barclays 1 Coors Bypass HomeGoods    21,696 10/31/2026 Tuesday Morning      12,023 01/31/2027                       
32 KeyBank 1 Marketplace Center at Murfreesboro JumpStreet    34,236 03/31/2022 Planet Fitness      24,862 01/31/2024 Bargain Hunt (Essex)  23,500 06/14/2026 Hook 1   10,000 03/11/2024 Murfreesboro Farmers     8,160 01/31/2022 Refinance
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock                                    Refinance
34 SMC 1 Town and Country Apartments                                    Refinance
35 Barclays 1 Hampton Inn - Kimball                                    Refinance

 

A-1-15 

 

 

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

 

        TENANCY INFORMATION(23)(24)(25)  
                                       
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Largest Tenant  Unit Size Lease Expiration Second Largest Tenant  Unit Size Lease Expiration Third Largest Tenant  Unit Size Lease Expiration Fourth Largest Tenant  Unit Size Lease Expiration Fifth Largest Tenant  Unit Size Lease Expiration Loan Purpose
36 CCRE 1 College Park Legends Burgers       4,274 11/04/2019 Keller Williams Foothill        3,790 10/31/2022 Juancho’s Mexican Restaurant     3,275 05/31/2025 Nuno’s Bistro     3,169 03/31/2024 Noodle World Jr.     2,125 04/14/2024 Refinance
37 SMC 1 Storage Xxtra Stockbridge                                    Acquisition
38 Barclays 1 Valley Forge Corporate Center BioScrip, Inc.    17,037 04/30/2025 Chartwell Law Offices      16,592 10/31/2023 NX Utilities, LLC  13,203 06/30/2022 Bald Birds Brewing Company     7,500 02/29/2028 Qualtek USA, LLC     4,995 09/17/2020 Acquisition
39 Barclays 1 CB Square Ashley HomeStore Outlet    33,444 07/19/2023 Aldi      20,316 06/30/2028 Mattress Firm     6,000 10/31/2022 Panera Bread     4,950 12/31/2019 Moe’s Southwest Grill     2,475 12/31/2019 Acquisition
40 KeyBank 1 US Storage Centers - Bakersfield                                    Refinance
41 SMC 1 Holiday Inn Express & Suites Vidor South                                    Refinance
42 Barclays 1 Best Yet Storage - Shed Road                                    Refinance
43 SMC 1 Lincoln Commonwealth Center California Alternative Caregivers       2,653 01/01/2023 H&R Block        1,064 04/30/2021 Dr. Rudy Patel     1,064 04/30/2020 Cartridge Center     1,026 04/30/2020 Kevin Kunkel         915 MTM Refinance
44 SMC 1 Storage Xxtra Raymond Hill                                    Recapitalization

 

A-1-16 

 

 

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

 

                      HOTEL OPERATING STATISTICS
                                             
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Principal/Carveout Guarantor Related Borrower(26) Lockbox (Y/N) Lockbox Type(27) UW
Occupancy (%)
UW ADR ($) UW RevPAR ($) Most Recent Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) 2017 Occupancy (%) 2017 ADR ($) 2017 RevPAR ($) 2016 Occupancy (%) 2016 ADR ($) 2016 RevPAR ($) 2015 Occupancy (%) 2015 ADR ($) 2015 RevPAR ($)
1 KeyBank 1 Dream Inn Ensemble Investments, LLC No Yes Hard 83.3% 307.76 256.24 83.3% 307.76 256.24 74.0% 294.80 218.12 71.5% 285.30 204.11 77.9% 282.79 220.35
2 Barclays 1 Christiana Mall GGP Nimbus, LP, PPF Retail, LLC No Yes Hard                              
3 KeyBank 7 GNL Portfolio Global Net Lease Operating Partnership, L.P. No Yes Hard                              
3.01 KeyBank 1 Nimble Storage                                      
3.02 KeyBank 1 NetScout Systems                                      
3.03 KeyBank 1 Mallinckrodt                                      
3.04 KeyBank 1 PPD Global Labs                                      
3.05 KeyBank 1 PNC Bank                                      
3.06 KeyBank 1 FedEx Ground                                      
3.07 KeyBank 1 Weatherford International                                      
4 Barclays/CCRE 2 Liberty Portfolio H25A, LLC No Yes Hard                              
4.01 Barclays/CCRE 1 Liberty Center at Rio Salado                                      
4.02 Barclays/CCRE 1 8501 East Raintree Drive                                      
5 SMC 3 Fidelis Portfolio Alan Hassenflu No Yes Springing                              
5.01 SMC 1 Victory Lakes Town Center                                      
5.02 SMC 1 McKinney Towne Crossing                                      
5.03 SMC 1 Riverstone Shopping Center                                      
6 SMC 1 Troy Place Larry M. Nemer No Yes Springing                              
7 SMC 1 West Covina Village Tarek Alhassen, Dighton America Inc. No Yes Springing                              
8 CCRE 1 AVR Embassy Suites Fort Worth Allan V. Rose No Yes Hard 84.0% 194.25 163.17 82.4% 178.50 147.12 84.2% 184.05 154.95 85.5% 187.33 160.24 86.1% 183.07 157.68
9 SMC 1 Residence Inn by Marriott Phoenix Desert View at Mayo Clinic Robert I. Finvarb No Yes Soft 73.0% 160.73 117.26 73.0% 160.73 117.26 73.4% 158.63 116.49 68.9% 156.50 107.78 67.3% 155.64 104.78
10 Barclays 1 Home Depot Technology Center Jordan Phillips, Michael Meyer No Yes Hard                              
11 Barclays 2 Virginia Beach Hotel Portfolio Neil P. Amin, Jay B. Shah No Yes Springing 73.1% 206.21 150.44 76.0% 206.21 156.51 76.8% 204.58 155.44 75.5% 206.83 147.45 71.5% 206.24 147.45
11.01 Barclays 1 Hilton Virginia Beach Oceanfront         71.1% 214.32 152.33 75.7% 214.32 162.27 76.1% 211.68 158.67 74.0% 215.32 154.34 72.0% 214.47 154.34
11.02 Barclays 1 Hilton Garden Inn Virginia Beach Oceanfront         76.6% 192.19 147.16 76.6% 192.19 147.16 77.9% 192.30 149.83 77.9% 192.15 135.54 70.6% 191.99 135.54
12 CCRE 1 Moffett Towers - Buildings E,F,G Paul Guarantor LLC Yes - Group 1 Yes Hard                              
13 CCRE 2 Shelbourne Global Portfolio II Barry Friedman, Benjamin Schlossberg No Yes Soft                              
13.01 CCRE 1 White Clay Office Park                                      
13.02 CCRE 1 University Office Plaza                                      
14 SMC 1 Zenith Ridge James D. Scalo, John F. Scalo, Charles R. Zappala, John J. Verbanac No Yes Hard                              
15 Barclays 1 Dudley Farms Plaza E. Stanley Kroenke No Yes Springing                              
16 Barclays 1 Moffett Towers II - Building 1 Paul Guarantor LLC Yes - Group 1 Yes Hard                              
17 SMC 1 Round Hill Square Alan Scott Mann, Randall L. Fleisher No Yes Springing                              
18 SMC 6 TX-OK Portfolio Mauricio Alberto Benavides, Jr. No Yes Hard                              
18.01 SMC 1 NOV                                      
18.02 SMC 1 Cemex                                      
18.03 SMC 1 Telge Park                                      
18.04 SMC 1 Little York Industrial                                      
18.05 SMC 1 South Houston Industrial                                      
18.06 SMC 1 Logistics Park at World Houston                                      
19 CCRE 1 The Shops at Solaris Peter B. Knobel, Patrice Knobel No Yes Hard                              
20 SMC 1 Centennial Gateway Kurt E. O’Brien No Yes Springing                              
21 SMC 24 Pangea 21 Pangea Equity Partners, L.P. No No None                              
21.01 SMC 1 808 West 76th Street                                      
21.02 SMC 1 6000 South Prairie Avenue                                      
21.03 SMC 1 9244 South Saginaw Avenue                                      
21.04 SMC 1 4853 South Prairie Avenue                                      
21.05 SMC 1 7348 South Dr. Martin Luther King Jr. Drive                                      
21.06 SMC 1 7944 South Paulina Street                                      
21.07 SMC 1 7801 South Saginaw Avenue                                      
21.08 SMC 1 8200 South Ingleside Avenue                                      
21.09 SMC 1 1514 West 77th Street                                      
21.10 SMC 1 8000 South Drexel Avenue                                      
21.11 SMC 1 8001 South Marshfield Avenue                                      
21.12 SMC 1 1717 West 77th Street                                      
21.13 SMC 1 1815 West 77th Street                                      
21.14 SMC 1 1704 West 77th Street                                      
21.15 SMC 1 1738 West 77th Street                                      
21.16 SMC 1 8231 South Ellis Avenue                                      
21.17 SMC 1 1735 West 79th Street                                      
21.18 SMC 1 1448 West 83rd Street                                      
21.19 SMC 1 8155 South Maryland Avenue                                      
21.20 SMC 1 8515 South Green Street                                      
21.21 SMC 1 8001 South Carpenter Street                                      
21.22 SMC 1 7914 South Kingston Avenue                                      
21.23 SMC 1 8255 South Maryland Avenue                                      
21.24 SMC 1 8514 South Crandon Avenue                                      
22 Barclays 1 Westbay Office Park Krausz Puente LLC, Michael B. Werner, Benjamin F. Garfinkle No Yes Springing                              
23 Barclays 1 One River Place Brock J. Vinton No Yes Hard                              
24 KeyBank 1 Alex Park South Estate of Laurence C. Glazer No Yes Hard                              
25 CCRE 3 RHW Multifamily Portfolio Arbor Realty SR, Inc. No Yes Soft                              
25.01 CCRE 1 Heathmoore                                      
25.02 CCRE 1 Roanoke                                      
25.03 CCRE 1 Wentworth                                      
26 Barclays 2 Hostess Industrial Portfolio Mark Cusumano, John V. Cusumano, Jr. No Yes Hard                              
26.01 Barclays 1 6301 North Broadway                                      
26.02 Barclays 1 7714 Commercial Drive                                      
27 Barclays 1 Knoxville Crossing Boe L. Strange, William B. Manning No Yes Hard                              
28 Barclays 1 Bridgeport Center William D. Felton No Yes Springing                              
29 SMC 1 Southern Highlands Corporate Center Garry V. Goett, Guy Inzalaco No Yes Springing                              
30 Barclays 1 Fair Oaks Mall The Taubman Realty Group Limited Partnership No Yes Hard                              
31 Barclays 2 Friedman Portfolio David B. Friedman No Yes Springing                              
31.01 Barclays 1 Jewel Osco                                      
31.02 Barclays 1 Coors Bypass                                      
32 KeyBank 1 Marketplace Center at Murfreesboro PMAT Real Estate Investments, L.L.C. No Yes Springing                              
33 SMC 1 Fairfield Inn & Suites Hendersonville Flat Rock Satis D. Patel No Yes Springing 64.0% 122.76 78.57 64.8% 122.67 79.49                  
34 SMC 1 Town and Country Apartments Mickel D. Husted, Robert W. Coons No Yes Springing                              
35 Barclays 1 Hampton Inn - Kimball Danish K. Patel, Deep Govan No Yes Springing 80.8% 110.09 88.92 80.8% 110.09 88.92 78.1% 108.22 84.56 74.3% 108.05 73.58 71.4% 103.12 73.58

 

A-1-17 

 

 

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

 

                      HOTEL OPERATING STATISTICS
                                             
Mortgage Loan Number Mortgage
Loan Seller(1)
# of Properties Property Name Principal/Carveout Guarantor Related Borrower(26) Lockbox (Y/N) Lockbox Type(27) UW
Occupancy (%)
UW ADR ($) UW RevPAR ($) Most Recent Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) 2017 Occupancy (%) 2017 ADR ($) 2017 RevPAR ($) 2016 Occupancy (%) 2016 ADR ($) 2016 RevPAR ($) 2015 Occupancy (%) 2015 ADR ($) 2015 RevPAR ($)
36 CCRE 1 College Park Hutton Development Co., Inc. No Yes Springing                              
37 SMC 1 Storage Xxtra Stockbridge Richard P. Spencer II Yes - Group 2 No None                              
38 Barclays 1 Valley Forge Corporate Center Moses Y. Samet No Yes Hard                              
39 Barclays 1 CB Square Michael Lapointe, Adam Greenberg, Umberto Sorbo No Yes Springing                              
40 KeyBank 1 US Storage Centers - Bakersfield Hoeven Family Partnership II, LLC No No None                              
41 SMC 1 Holiday Inn Express & Suites Vidor South Krutikumar G. Bhakta, Rupal A. Bhakta, Smruti G. Bhakta, Prashant P. Bhakta No Yes Springing 67.8% 98.02 66.46 73.5% 113.27 83.26 57.0% 103.10 58.77 46.8% 99.78 46.70 47.1% 104.90 49.41
42 Barclays 1 Best Yet Storage - Shed Road Jason Monarch No Yes Springing                              
43 SMC 1 Lincoln Commonwealth Center David Rojas No Yes Springing                              
44 SMC 1 Storage Xxtra Raymond Hill Richard P. Spencer II Yes - Group 2 No None                              

 

A-1-18 

 

 

Footnotes to Annex A-1
   
(1)

“Barclays” denotes Barclays Bank PLC as Mortgage Loan Seller; “Starwood” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller; “CCRE” denotes Cantor Commercial Real Estate Lending, L.P. as Mortgage Loan Seller; “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller. 

   
(2)

With respect to Loan No. 7, West Covina Village, the mortgaged property is comprised of 175,672 square feet of retail space and 44,328 square feet of office space.

 

With respect to Loan No. 13, Shelbourne Global Portfolio II, the White Clay Office Park mortgaged property is comprised of 125,000 square feet of industrial space and 367,298 of office space.

 

With respect to Loan No. 17, Round Hill Square, the mortgaged property is comprised of 90,935 square feet of retail space and 25,049 square feet of office space. 

   
(3)

Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.

 

With respect to Loan No. 2, Christiana Mall, the Largest Tenant at the mortgaged property, Target, ground leases 145,312 square feet from the borrowers.

 

With respect to Loan No. 5, Fidelis Portfolio, the Largest Tenant at the Victory Lakes Town Center mortgaged property, JC Penney, ground leases 103,525 square feet from the borrowers.

 

With respect to Loan No. 6, Troy Place, Cameron Mitchell Restaurants ground leases an 8,715 square-foot pad from the borrowers.

 

With respect to Loan No. 15, Dudley Farms Plaza, five of the tenants ground lease the property’s outparcel pads from the borrower. 

   
(4)

In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy.

 

With respect to Loan No. 4, Liberty Portfolio, the Largest Tenant at the Liberty Center at Rio Salado property, Centene Management Company LLC, occupies 236,131 square feet through January 31, 2028 in the 1870 West Rio Salado Parkway building, 77,867 square feet through January 22, 2028 in the 1850 West Rio Salado Parkway building and 38,990 square feet through December 31, 2028 in the 1910 West Rio Salado Parkway building.

 

With respect to Loan No. 4, Liberty Portfolio, the Fifth Largest Tenant at the Liberty Center at Rio Salado Property, DriveTime Automotive Group, Inc., subleases its 65,889 square feet of space to Carvana, LLC. The sublease is co-terminus with, and requires the same rent as, the original DriveTime Automotive Group Inc. lease. In total, Carvana, LLC occupies 135,663 square feet at the 1930 West Rio Salado Parkway building.

 

With respect to Loan No. 5, Fidelis Portfolio, Occupancy % includes University of Texas Medical Branch (“UTMB”), the Second Largest Tenant at the Victory Lakes Town Center mortgaged property. UTMB occupies 45,411 square feet at the Victory Lakes Town Center mortgaged property and is currently building out an additional 42,204 square feet. The sponsor expects UTMB to take occupancy of the expansion space in September 2019. At origination of the loan, the borrowers were required to escrow outstanding tenant improvements and leasing commissions in an amount equal to $1,900,000 for UTMB’s expansion space.

 

With respect to Loan No. 12, Moffett Towers – Buildings E,F,G, the sole tenant, A2Z Development Center, Inc. (“Amazon”), executed leases for Building E, Building F and Building G which commenced or will commence in 2012, 2019 and 2014, respectively. With respect to Building F, such building is occupied by Hewlett-Packard (“HP”), which has executed a lease termination agreement, until March 31, 2019. With respect to Building G, HP occupies a 7,874 square foot laboratory until March 31, 2023. Amazon has free rent on Building F through October 2019 and through April 2019 for suite G100 (25,778 square feet) and free rent on Building G through September 2023). At origination, the borrower deposited $15,021,721 into a reserve for all outstanding rent concessions due under the Amazon lease. The borrower has the right to draw down funds in the rent concession reserve from October 2018 to September 2023. Amazon is in occupancy of Building E and has commenced its buildout of Building G. 

 

A-1-19 

 

 

 

With respect to Loan No. 14, Zenith Ridge, Occupancy % includes 30,971 square feet (6.4% of net rentable area) of additional space that is leased by the Largest Tenant, Ansys, Inc. (“Ansys”), but is not yet occupied. Ansys currently occupies 186,000 square feet at the Zenith Ridge mortgaged property and is in the process of building out its additional space in the Zenith Ridge II building. According to the sponsors, Ansys is expected to take occupancy of its space in January 2019. Ansys is entitled to 15 months of free rent related to such additional space for which the borrowers were required to escrow at origination an amount equal to $890,416, along with outstanding tenant improvements and leasing commissions in an aggregate amount equal to $1,445,533.

 

With respect to Loan No. 18, TX-OK Portfolio, the Largest Tenant at the South Houston Industrial mortgaged property, Deutsche Windtechnik, and the Second Largest Tenant at the South Houston Industrial mortgaged property, DANOBAT Group, have executed leases but are not yet occupying their respective spaces. At origination, the borrowers were required to escrow $730,889 for rent concessions and remaining buildout costs.

 

With respect to Loan No. 19, The Shops at Solaris, the Fifth Largest Tenant at the mortgaged property, Betteridge Jewelers, may terminate its lease upon the payment of three months base rent if Betteridge Jewelers ceases operations in Colorado.

 

With respect to Loan No. 28, Bridgeport Center, the Second Largest Tenant, Hi-Tec Sports USA, is currently subleasing space from the Fifth Largest Tenant, Banner Bank.

   
(5)

With respect to all mortgage loans, with the exceptions of mortgage loans listed below, the Current LTV (%) and the Maturity/ARD LTV (%) are based on the “as-is” Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met.

 

With respect to Loan No. 3, GNL Portfolio, the Appraised Value ($) represents the “As-Is Portfolio” value of $172,290,000, which includes a portfolio premium to the Mortgaged Properties if sold together on a bulk basis. The sum of the “As-Is” Appraised Values on a stand-alone basis is $170,205,000. The Current LTV (%) and Maturity/ARD LTV (%) representing the sum of the “As-Is” Appraised Values are 57.9% and 57.9%, respectively.

 

With respect to Loan No. 11, Virginia Beach Hotel Portfolio, the Appraised Value ($) of the Hilton Garden Inn Virginia Beach Oceanfront Property represents the “As Is (PIP Extraordinary Assumption)” value of $45,600,000, which assumes that 50.0% of expected PIP work ($1,000,000) would be escrowed by the lender and would be available to a prospective buyer to fund the PIP work at the Hilton Garden Inn Virginia Beach Property. The Virginia Beach Hotel Portfolio borrowers deposited upfront PIP reserves totaling $741,954, which represents 50.0% of the engineer’s updated estimated costs of the remaining PIP work of $1,483,907. The balance of the remaining PIP work will be funded by the monthly FF&E reserve in an amount of 1/12th of 5.0% of the gross income from operations (initially $104,329 for the portfolio).

 

With respect to Loan No. 12, Moffett Towers – Buildings E,F,G, the Appraised Value ($) represents the “Prospective Market Value Upon Stabilization” value of $705,800,000, which assumes that HP vacates its space from September 2018 through March 2023, in phases. The Current LTV (%) and Maturity/ARD LTV (%) are calculated based upon the Appraised Value of $705,800,000. The “As-Is” appraised value is $646,700,000 as of July 30, 2018, equating to a Current LTV (%) and Maturity/ARD LTV (%) of 43.9% and 43.9%, respectively, for the Moffett Towers – Buildings E,F,G Whole Loan balance of $284,000,000, and a Current LTV (%) and Maturity/ARD LTV (%) of 77.3% and 77.3%, respectively, for the total debt balance of $500,000,000. In addition, the appraiser concluded a “hypothetical go dark” appraised value of $504,200,000 as of July 30, 2018, equating to a Current LTV (%) and Maturity/ARD LTV (%) of 56.3% and 56.3%, respectively, for the Moffett Towers – Buildings E,F,G Whole Loan and a Current LTV (%) and Maturity/ARD LTV (%) of 99.2% and 99.2%, respectively, for the total debt.

 

With respect to Loan No. 16, Moffett Towers II – Building 1, the Appraised Value ($) represents the “Prospective Market Value Upon Stabilization” value of $358,600,000, which assumes rent concessions and outstanding tenant improvement and leasing commissions are deposited into the TI/LC and Free Rent Reserve accounts. At origination, the borrower deposited upfront reserves totaling $26,716,072 for such contractual TI/LC obligations and free rent. The Current LTV (%) and Maturity/ARD LTV (%) are calculated based upon the Appraised Value of $358,600,000. The “As-Is” appraised value is $335,200,000 as of June 5, 2018 equating to a Current LTV (%) and Maturity/ARD LTV (%) of 50.1% and 45.8%, respectively, for the Moffett Towers – Building 1 Whole Loan balance of $168,000,000, and a Current LTV (%) and Maturity/ARD LTV (%) of 83.5% and 79.2%, respectively, for the total debt. 

 

A-1-20 

 

 

  With respect to Loan No. 41, Holiday Inn Express & Suites Vidor South, the Appraised Value ($) represents the “Hypothetical As-Is” value of $7,500,000 as of September 19, 2018, which assumes the borrower has reserved $1,500,000 for future capital improvements. Prior to the mortgage loan origination, the sponsor spent approximately $535,000 towards the capital improvements and $972,180 was reserved by the borrower at mortgage loan origination. The “As-Is” appraised value is $6,000,000 as of September 19, 2018, equating to a Current LTV (%) and Maturity/ARD LTV (%) of 66.6% and 51.6%, respectively. 
   
(6) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(7)

The Original Balance ($) and Current Balance ($) represent only the mortgage loan included in the issuing entity. The U/W NOI DSCR (x), U/W NCF DSCR (x), Current LTV (%), Maturity/ARD LTV (%),Current U/W NOI Debt Yield (%), Current U/W NCF Debt Yield (%) and Current Balance per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1 as Christiana Mall, GNL Portfolio, Liberty Portfolio, Fidelis Portfolio, Home Depot Technology Center, Virginia Beach Hotel Portfolio, Moffett Towers – Buildings E,F,G, Shelbourne Global Portfolio II, Zenith Ridge, Moffett Towers II – Building 1, The Shops at Solaris, One River Place, Alex Park South, and Fair Oaks Mall. See the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. 

   
(8) For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representation Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).
   
(9) For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service Amount ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360.
   
(10) With respect to Loan No. 30, Fair Oaks Mall, the Fair Oaks Mall Whole Loan amortizes based on a specific amortization schedule, which is set forth in Annex F of the Preliminary Prospectus.
   
(11)

With respect to Loan No. 7, West Covina Village, the Grace Period (Late Payment) of one day is only allowed once per year.

 

With respect to Loan No. 8, AVR Embassy Suites Fort Worth, the Grace Period (Late Payment) of four days is allowed only four times during the term of the loan.

 

With respect to Loan No. 15, Dudley Farms Plaza, the Grace Period (Late Payment) of five days is allowed only once every trailing 12-month period.

 

With respect to Loan No. 25, RHW Multifamily Portfolio, the Grace Period (Late Payment) of four days is allowed only twice during the loan term. 

   
(12) With respect to Loan No. 10, Home Depot Technology Center, the monthly debt service payments are based on an initial interest rate of 5.001%, the loan is interest-only through and including the October 5, 2025 payment date and the loan has a stated maturity date of November 5, 2028. Commencing on the anticipated repayment date of November 5, 2025 and each payment date thereafter, the interest rate will be equal to 8.001% (the “Extension Term Interest Rate”), and in addition to the monthly debt service payment amount the borrower is required to deposit with the lender all excess cash flow for the preceding month, and the lender will apply such amounts as follows: (i) first, to the reduction of the principal balance of the loan until the entire outstanding principal balance of the loan is indefeasibly paid in full, and (ii) second, to interest accrued at the Extension Term Interest Rate and not paid.
   
(13) The “L” component of the prepayment provision represents lockout payments.
   
  The “Def” component of the prepayment provision represents defeasance payments.

 

A-1-21 

 

 

 

The “YM” component of the prepayment provision represents yield maintenance payments.

 

The “O” Component of the prepayment provision represents the free payments including the Maturity Date.

 

Certain mortgage loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio mortgage loan) under various circumstances, as described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the preliminary prospectus.

 

With respect to Loan No. 2, Christiana Mall, the lockout period will be at least 28 payments beginning with and including September 1, 2018. Defeasance of the full $550.0 million Christiana Mall Whole Loan is permitted after the date that is the earlier to occur of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) July 12, 2021. The assumed lockout period of 28 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer.

 

With respect to Loan No. 4, Liberty Portfolio, the lockout period will be at least 26 payments beginning with and including November 6, 2018. Defeasance of the full $165.7 million Liberty Portfolio Whole Loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) September 26, 2021. The assumed lockout period of 26 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer.

 

With respect to Loan No. 10, Home Depot Technology Center, the lockout period will be at least 25 payments beginning with and including the first payment date of December 5, 2018. Defeasance of the full $44.3 million Home Depot Technology Center Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the of the securitization that includes the last note to be securitized and (ii) October 11, 2021. The assumed lockout period of 25 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer.

 

With respect to Loan No. 11, Virginia Beach Hotel Portfolio, the lockout period will be at least 27 payments beginning with and including the first payment date of October 6, 2018. Defeasance of the full $90.0 million Virginia Beach Hotel Portfolio Whole Loan is permitted any time after the earlier of (i) the date that is two years from the closing date of the final REMIC securitization that includes the last pari passu note to be securitized and (ii) August 31, 2021. The assumed lockout period of 27 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer.

   
 

With respect to Loan No. 12, Moffett Towers – Buildings E,F,G, the lockout period will be at least 24 payment dates beginning with and including the first payment date of November 6, 2018. Defeasance of the full $284.0 million of the Moffett Towers – Buildings E,F,G Whole Loan is permitted at any time after the earlier to occur of (i) the date that is two years after the closing date of the of the securitization that includes the last note to be securitized and (ii) September 7, 2021. The borrower is also permitted to prepay the Moffett Towers Buildings – E,F,G Whole Loan on or after the payment date in November 2020 with a payment of a yield maintenance premium. The assumed defeasance lockout period of 26 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer.

 

With respect to Loan No. 13, Shelbourne Global Portfolio II, the lockout period will be at least 24 payment dates beginning with and including the first payment date of January 6, 2018. Defeasance of the full $55.0 million Shelbourne Global Portfolio II Whole Loan is permitted after the date that is earlier to occur of (i) January 6, 2023 and (ii) two years after the date of the securitization of the last portion of the Shelbourne Global Portfolio II Whole Loan. The assumed lockout period of 24 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer.

 

With respect to Loan No. 16, Moffett Towers II – Building 1, the lockout period will be at least 24 payment dates beginning with and including the first payment date of September 6, 2018. Defeasance of the full $280.0 million of the Moffett Towers II – Building 1 Whole Loan is permitted at any time after the earlier to occur of (i) the date that is two years after the closing date of the of the securitization that includes the last note to be securitized and (ii) July 13, 2021. The borrower is also permitted to prepay the Moffett Towers II – Building 1 Whole Loan on or after the payment date in September 2020 with a payment of a yield maintenance premium. The assumed defeasance lockout period of 28 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer. 

 

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  With respect to Loan No. 23, One River Place, the lockout period will be at least 25 payment dates beginning with and including the first payment date of December 6, 2018. Defeasance of the full $25.0 million of the One River Place Whole Loan is permitted after the date that is earlier to occur of (i) the date that is two years after the closing date of the of the securitization that includes the last note to be securitized and (ii) November 1, 2021. The assumed lockout period of 25 payments is based on the expected BBCMS 2018-C2 securitization closing date in December 2018. The actual lockout period may be longer.
   
(14)

Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.

 

With respect to Loan No. 1, Dream Inn, future mezzanine debt is permitted provided, among other conditions (i) the combined loan-to-value ratio is no greater than 55.0%, (ii) the debt service coverage ratio based on the trailing 12-month period is equal to or greater than 2.38x, (iii) an intercreditor agreement satisfactory to the lender in its reasonable discretion is entered into and (iv) if required, the borrower delivers a rating agency confirmation.

 

With respect to Loan No. 2, Christiana Mall, the Christiana Mall Whole Loan includes three pari passu subordinate B-Notes (B-1, B-2 and B-3) which have a combined cut-off date balance of $212.0 million and are not included in the BBCMS 2018-C2 Trust. All loan level metrics are based on the Christiana Mall Whole Loan balance excluding the B-Notes.

 

With respect to Loan No. 2, Christiana Mall, future mezzanine debt is permitted provided, among other conditions (i) the combined loan-to-value ratio is no greater than 95.0% of the closing date loan-to-value ratio of 52.9% (ii) the debt service coverage ratio based on the trailing 12-month period is no less than 105.0% of the closing date debt service coverage ratio of 1.82x, (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, (iv) the borrower maintains an interest rate cap or swap agreement if the mezzanine loan bears a floating interest rate, and (v) if required, the borrower obtains rating agency confirmation.

 

With respect to Loan No. 12, Moffett Towers – Buildings E,F,G, mezzanine debt consists of a $150.0 million Mezzanine A loan and a $66.0 million Mezzanine B loan. The Mezzanine A loan has a 5.6700% coupon and the Mezzanine B loan has a 6.8000% coupon. The Moffett Towers – Buildings E,F,G Mezzanine Loans are interest-only for the full term of the loans and have a stated maturity date that are coterminous with the Moffett Towers – Buildings E,F,G Whole Loan.

 

With respect to Loan No.13, Shelbourne Global Portfolio II, future mezzanine debt is permitted provided, among other conditions: (i) the mezzanine loan amount does not exceed and aggregate of $7.0 million, (ii) the combined loan-to-value ratio is no greater than 66.2%, (iii) the combined debt service coverage ratio is no less than 1.55x, (iv) the combined debt yield is no less than 9.5%, (v) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender and (vi) if required, the borrower obtains rating agency confirmation.

 

With respect to Loan No. 16, Moffett Towers II – Building 1, mezzanine debt consists of a $112.0 million Mezzanine loan. The Mezzanine loan has a 6.0000% coupon. The Moffett Towers II – Building 1 Mezzanine loan is interest-only for the full term of the loan and has a stated maturity date that is coterminous with the Moffett Towers II – Building 1 Whole Loan. 

   
 

With respect to Loan No. 17, Round Hill Square, future mezzanine debt is permitted provided, among other conditions (i) the combined loan-to-value ratio is no greater than 68.6%, (ii) the debt service coverage ratio based on the trailing 12-month period is equal to or greater than 1.38x, (iii) the debt yield is equal to or greater than 9.3%, (iv) an intercreditor agreement satisfactory to the lender in its reasonable discretion is entered into and (v) if required, the borrower delivers a rating agency confirmation. Additionally, preferred equity ownership interest in the borrower may be held by an entity acceptable to the lender, in a percentage amount to be approved by the lender, provided the following conditions are met: (i) the preferred equity holder is required to execute a subordination and standstill agreement acceptable to the lender, (ii) hard cash management must be in-place (if required by the lender) and (iii) the terms and documentation of preferred equity must be acceptable to the lender.

 

With respect to Loan No. 24, Pangea 21, future mezzanine debt is permitted provided, among other conditions (i) the combined loan-to-value ratio is no greater than 70.0%, (ii) the debt service coverage ratio based on the trailing 12-month period is equal to or greater than 1.50x, (iii) the debt yield is equal to or greater than 9.5%, (iv) an 

 

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intercreditor agreement satisfactory to the lender in its reasonable discretion is entered into and (v) if required, the borrower delivers a rating agency confirmation.

 

With respect to Loan No. 28, Bridgeport Center, future mezzanine debt is permitted provided, among other conditions, (i) the combined loan-to-value ratio is no greater than 65.0%, (ii) the combined debt service coverage ratio is greater than or equal to 1.65x, (iii) the combined debt yield is greater than or equal to 10.0%, (iv) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (v) if required, the borrower delivers a rating agency confirmation.

 

With respect to Loan No. 30, Fair Oaks Mall, the Fair Oaks Mall Whole Loan includes two pari passu subordinate B-Notes (B-1 and B-2), which have a combined cut-off date balance of $84,367,961 and are not included in the BBCMS 2018-C2 Trust. All loan level metrics are based on the Fair Oaks Mall Whole Loan balance excluding the B-Notes.

 

With respect to Loan No. 32, Marketplace Center at Murfreesboro, future mezzanine debt is permitted provided, among other conditions (i) the combined loan-to-value ratio is no greater than 71.37%, (ii) the debt service coverage ratio based on the trailing 12-month period is equal to or greater than 1.46x, (iii) an intercreditor agreement satisfactory to the lender in its reasonable discretion is entered into and (iv) if required, the borrower delivers a rating agency confirmation.

   
(15)

The U/W NOI DSCR (x) and U/W NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan.

 

With respect to Loan No. 30, Fair Oaks Mall, the U/W NCF DSCR (x) is calculated using the sum of principal and interest payments over the first 12-months following the cut-off date based on the assumed principal schedule provided to Annex F to the preliminary prospectus. 

   
(16)

With respect to Loan No. 3, GNL Portfolio - PNC Bank, the rent for the Largest Tenant, PNC Bank, is straight-lined through lease expiration in 2029.

 

With respect to Loan No. 6, Troy Place, the rent for the Second Largest Tenant, Marsh & McLennan Agency LLC, is straight-lined through lease expiration in 2020. Additionally, for the Fourth Largest Tenant, Kelley Blue Book Co., Inc., rent is straight-lined through lease expiration in 2024.

 

With respect to Loan. No 10, Home Depot Technology Center, the rent for the Largest Tenant, Home Depot USA, Inc., is straight-lined through the ARD date of November 5, 2028.

 

With respect to Loan No. 12, Moffett Towers – Buildings E, F, G, the rent for the Largest Tenant, Amazon, is straight-lined through lease terms expiring in 2024 for 224,492 square feet of space and 2030 for 452,106 square feet of space.

 

With respect to Loan No. 14, Zenith Ridge, the rent for the Second Largest Tenant, EQT Corp., is straight-lined through lease expiration in 2031 for 150,000 square feet of space and through 2024 for 30,908 square feet of space.

 

With respect to Loan No. 16, Moffett Towers II – Building 1, the rent for the Largest Tenant, A2Z Development Center, Inc., is straight-lined through the maturity date of April 30, 2028.

 

With respect to Loan No. 18, TX-OK Portfolio, the rent for the sole tenant at the NOV mortgaged property, National Oilwell Varco, is averaged through lease expiration in 2029. 

   
(17) In certain cases, U/W Capital Items ($) is inclusive of certain credits for upfront reserves taken at closing.
   
(18) 

With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction.

 

With respect to Loan No. 3, GNL Portfolio, historical financials at the NetScout Systems property were unavailable due to recent construction in 2018. 

 

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With respect to Loan No. 4, Liberty Portfolio, the historical occupancy was unavailable for the Liberty Center at Rio Salado property because the four buildings were constructed in 2014 (with respect to two of the buildings), 2016 and 2017, respectively.

 

With respect to Loan No. 11, Virginia Beach Hotel Portfolio, the historical F&B revenues have been normalized to reflect the new borrower-affiliated F&B lease that commenced at loan closing. At loan origination, the borrower leased out all F&B operations of the restaurants in the portfolio to Shamin-TLV Inc, an affiliate of the borrower. The annual rent under such lease will be $3,325,000 for a 15-year term with 10.0% rent steps every five years. The lease has no termination options.

 

With respect to Loan No. 16, Moffett Towers II – Building 1, historical financials are unavailable because the property was built in 2018.

 

With respect to Loan No. 18, TX-OK Portfolio, the mortgage loan represents acquisition financing and the seller provided limited operating history for the portfolio.

 

With respect to Loan No. 31, Friedman Portfolio, year-end 2017 financials at the Jewel Osco property are annualized based on the two months of operating history tenant occupied the space on an owner-user basis prior to November 2017, so operating history prior to November 2017 does not exist.

 

With respect to Loan No. 31, Friedman Portfolio, year-end 2017 financials at the Coors Bypass property are annualized based on 10 months of operating history. The borrower acquired the property in November 2017 and provided November and December 2017 operating statements; the previous owner provided January- August 2017 operating statements at the time of the acquisition; operating history for September and October are unavailable.

 

With respect to Loan No. 33, Fairfield Inn & Suites Hendersonville Flat Rock, construction for the mortgaged property was completed, and the mortgaged property opened, in January 2018. The most recent financial information represents the actual financial figures for January through September 2018 plus three months of borrower budgeted financial information.

 

With respect to Loan No. 36, College Park, Most Recent cash flows were unavailable for the mortgaged property due its membership in an REA/Master Association that provides services and pays the related expenses directly for the members of the association.

 

With respect to Loan No. 44, Storage Xxtra Raymond Hill, 2016 financial information represents the trailing 12-month period ending February 28, 2017, as the borrower purchased the property in March 2016. 

   
(19)

With respect to Loan No. 2, Christiana Mall, a 4.154-acre portion of the parking lot at the mortgaged property is owned by Macy’s and ground leased to the borrower pursuant to a parking lease agreement, dated as of July 30, 2010. Consequently, the loan, with respect to such portion of the mortgaged property, is secured only by the borrower’s leasehold interest. The parking lease agreement will terminate on December 31, 2028, provided, however, that Macy’s can terminate the parking lease agreement at any time with 12-months’ notice. The parking lease agreement does not contain customary mortgagee protection provisions and is scheduled to expire prior to the date that is 10 years after the loan term. Separately, the Largest Tenant, Target, constructed their own store on a 10.15-acre site which is ground leased from the borrower. Target’s ground lease has an initial expiration date of December 31, 2036 with extension options through December 31, 2091. The ground lease payments are structured as followed: (i) an annual amount equal to the square feet of gross leasable floor area of the tenant’s building multiplied by $0.05 (defined as the promotion fund contribution in the ground lease); (ii) common area maintenance charge (as defined in the agreement) and (iii) tenant’s share of taxes as described in the ground lease agreement. Target’s ground lease agreement includes a provision in which case Target has a fair market value purchase option to acquire the fee interest of the mortgaged property from the borrower in the portion of the mortgaged property that is ground leased to Target, at any time during the ground lease term.

 

With respect to Loan No. 4, Liberty Portfolio, the four buildings at the Liberty Center at Rio Salado Property receive a 50.0% real estate tax abatement through a Government Property Lease Excise Tax (“GPLET”) abatement with the Arizona Department of Revenue and the City of Tempe. The GPLET abatement has a term of eight years commencing on the respective certificate of occupancy date for each building. In lieu of paying real estate taxes, the borrower pays to the Arizona Department of Revenue and City of Tempe, in the form of rent, 50.0% of what the respective buildings’ real estate taxes otherwise would have been (the 2018 rent due under the GPLET abatement for the four buildings located at the Liberty Center at Rio Salado property was equal to $882,940). The 

 

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borrower has a leasehold interest in each of the buildings located at the Liberty Center at Rio Salado property, which are subject to the GPLET abatement until expiration of the underlying lease, at which point title in the fee interest will automatically vest in the borrower. The GPLET expires at each of the building as follows: (i) 1850 West Rio Salado Parkway expires on October 29, 2022; (ii) 1870 West Rio Salado Parkway expires on February 14, 2026; (iii) 1910 West Rio Salado Parkway expires on July 7, 2023; and (iv) 1930 West Rio Salado Parkway expires on September 27, 2024.

 

With respect to Loan No. 9, Residence Inn by Marriott Phoenix Desert View at Mayo Clinic , the mortgaged property is subject to a ground lease with Mayo Clinic Arizona. The lease commenced on April 18, 2007, was amended February 25, 2008 and expires April 17, 2077. The ground lease provides for one 15-year extension option and one 14-year extension option with a fully extended ground lease expiration date of April 17, 2106. The ground lease payments are structured with two parts: (1) a fixed use fee which increases by 3% annually (approximately $26,095 for 2018) and (2) the greater of (a) a fixed base rent (approximately $331,963 in 2018) which increases by 7.5% every five years or (b) percentage rent of 5% of gross room revenue (approximately $445,111 based on the trailing 12-months ending September 30, 2018 and as underwritten).

 

With respect to Loan No. 11, Virginia Beach Hotel Portfolio, at the Hilton Virginia Beach Oceanfront property, attached to the Property by way of an overhead walkway is a 1,000-car parking garage with ground floor retail. The borrower has a leasehold interest in a portion of the garage consisting of 380 parking garage spaces. The leased fee holder of the garage is the City of Virginia Beach Development Authority. Rent under the parking lease currently consists of an approximate $262,000 annual payment and expires on June 30, 2070. Additionally, the borrower has also entered a lease for the ground floor retail portion of the parking garage, which provides approximately 26,000 square feet of commercial space to the borrower as well as an additional 58 parking spaces for exclusive retail use. The annual lease expense is $378,930 with the lease term expiring in June 30, 2030. In addition, for Hilton Garden Inn Virginia Beach Oceanfront property, the borrower has a leasehold interest in an off-site parking garage where the borrower leases 168 spaces from 34th Street Garage, LLC. Annual rent under the lease equals $1.00 and the lease expires in May 2105.

 

With respect to Loan No. 15, Dudley Farms Plaza, the Property is subject to a ground lease with The Dudley Family Limited Partnership II through October 31, 2096 with fixed annual rent of $231,130.

   
(20) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.
   
(21)

Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.

 

With respect to Loan No. 1, Dream Inn, a Monthly CapEx Reserve ($) is required in an amount equal to one-twelfth of 4.0% of the greater of (i) gross room revenue for the immediately preceding calendar year (as determined by the lender in its discretion), and (ii) total projected gross room revenue (as determined by the lender in its discretion) set forth in the approved annual budget for the immediately following calendar year, subject to annual adjustment. The calculated Monthly CapEx Reserve ($) monthly deposit as of the Origination Date is $51,161. Additionally, the borrower deposited $290,000 at origination into a seasonality reserve. On each payment date occurring in May, June, July, August, and September, the borrower is required to deposit $58,000 into the seasonality reserve account. In the event that the amount on deposit in the seasonality reserve account equals or exceeds $290,000, the borrower shall have no obligation to make further deposits into the seasonality reserve account, provided, however, that if the balance in the seasonality reserve account falls below the $290,000 seasonality reserve cap, the monthly deposits in the seasonality reserve account shall recommence until the amount on deposit in the seasonality reserve account once again equals the seasonality reserve cap. The monthly deposit amount and the seasonality reserve cap are subject to future adjustment, provided that the seasonality reserve cap may not exceed $290,000.

 

With respect to Loan No. 5, Fidelis Portfolio, when the reserve falls below the cap, the borrowers are required to escrow $21,667 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $1,500,000.

 

With respect to Loan No. 5, Fidelis Portfolio in no event will the borrowers be required to escrow more than 105% of the amount paid by the borrowers during the immediately preceding calendar year for replacement reserves. 

 

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With respect to Loan No. 7, West Covina Village, the borrower is required to escrow $41,250 on a monthly basis for tenant improvement and leasing commission reserves occurring on the payment date in January 2019 and for each payment date occurring thereafter up to and including the payment date in December 2021. Beginning on the payment date in January 2022, the borrower is required to escrow $18,333 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $1,500,000.

 

With respect to Loan No. 8, AVR Embassy Suites Fort Worth, the borrower deposited $320,000 at origination into a seasonality reserve. On each payment date occurring in January, February, April, May, June, August, September, October, and November (the “High Months”), the borrower is required to deposit approximately $35,556 subject to a cap of $320,000.

 

With respect to Loan No. 11, Virginia Beach Hotel Portfolio, after completion of their related PIPs, monthly deposits into the Hilton FF&E Reserve and HGI FF&E Reserve accounts will be reduced to 4.0% of projected annual gross income (as further outlined in the loan documents). Monthly deposits are not required in excess of 36 months’ worth of the required deposits.

   
 

With respect to Loan No. 12, Moffett Towers — Buildings E, F,G, other than with respect to a lease sweep period triggered or continuing due to the trigger event described in clause (i)(e) of the defined term “Lease Sweep Period” (i.e., due to a lease sweep tenant party insolvency proceeding), the borrower has the option of preventing the commencement of a lease sweep period (or, if already triggered, terminating such lease sweep period) by delivering to the lender a letter of credit in a face amount equal to the applicable “Lease Sweep And Debt Service Reserve Cap.”

 

With respect to Loan No. 13, Shelbourne Global Portfolio II, at origination, the borrower deposited $3,000,000 for future tenant improvements and leasing commissions into a rollover reserve account, with up to $1,142,952.00 of such funds being transferred to the Chase TI Reserve. In addition, the borrower is required to escrow $48,045 monthly into a tenant improvements and leasing commissions reserve in the event that the tenant improvement and leasing commissions account contains less than $2,000,000, subject to a cap of $2,500,000, which will only apply during any period in which (i) the mortgaged property is not less than 85.0% occupied by tenants that are in occupancy, open for business and paying rent under their applicable leases (after the expiration of any free rent or rent concession periods) and (ii) the debt service coverage ratio is not less than 1.50x.

 

With respect to Loan No. 17, Round Hill Square, when the reserve falls below the cap, the borrowers are required to escrow approximately $9,665 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $475,000.

 

With respect to Loan No. 28, Bridgeport Center, when the reserve falls below the cap, the borrower is required to escrow approximately $7,468 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $450,000.

 

With respect to Loan No. 30, Fair Oaks Mall, during the continuance of a cash management trigger event period (as defined in the related loan agreement), the borrower will deposit: (i) one-twelfth of the taxes that the lender reasonably estimates will be payable during the next ensuing 12 calendar months into a real estate tax reserve, (ii) one-twelfth of the insurance premiums into an insurance reserve, so long as the insurance policy does not constitute an acceptable blanket policy; (iii) $12,077 into a replacement reserve, capped at $434,772; and (iv) $113,743 into a TI/LC reserve, capped at $4,094,748 (inclusive of Ring Road and lease termination deposits). Upon the sale of the ring road outparcel, the borrower must deliver 100% of all net sales proceeds received for the sale of the ring road outparcel into the TI/LC reserve fund. Upon the occurrence of an owned anchor trigger (as defined in the related loan agreement), all excess cash flows from the cash management account will be disbursed to the owned anchor reserve account up until $2,150,000. At the borrower’s option, the borrower may deposit a letter of credit or cash in the amount of $2,150,000 in lieu of monthly deposits. Provided no event of default has occurred and is continuing, the borrower may demolish, redevelop, re-tenant and/or reposition the owned anchor space (as defined in the related loan agreement), and will make an owned anchor termination reserve fund deposit (as defined in the related loan agreement). On each payment date during the occurrence of an Anchor Tenant Event (as defined below) the borrower will deposit into an Owned Anchor Termination Reserve Fund (as defined in the related loan agreement) an amount equal to the product of $91,667 multiplied by the number of months remaining from the date of the termination of the Macy’s lease through February 1, 2026. An “Anchor Tenant Event” will commence if an anchor tenant (i) vacates, ceases operations or gives public notice of its intent to vacate or cease operations at the Fair Oaks Mall Property, (ii) terminates or gives public notice of its intent to terminate

 

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  its lease, (iii) fails to renew or extend its lease within the required notice period, (iv) defaults in payment of rent beyond notice and cure periods or (v) becomes involved in any bankruptcy proceeding.
   
 

With respect to Loan No. 30, Fair Oaks Mall, when the reserve falls below the cap, the borrower is required to escrow $113,743 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $4,094,748.

 

With respect to Loan No. 33, Fairfield Inn & Suites Hendersonville Flat Rock, the Monthly CapEx Reserve ($) amount equals one-twelfth of 2.0% of gross revenues during the first two years of the loan term, 3.0% of gross revenues during the third year of the loan term and 4.0% of gross revenues thereafter.

 

With respect to Loan No. 39, CB Square, when the reserve falls below the cap, the borrower is required to escrow approximately $6,092 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $300,000.

 

With respect to Loan No. 41, Holiday Inn Express & Suites Vidor South, the Monthly CapEx Reserve ($) amount equals 1/12th of 4.0% of gross revenues.

 

With respect to Loan No. 43, Lincoln Commonwealth Center, in lieu of making monthly payments for taxes, the borrower has elected to deposit with the lender a lump sum equal to the projected taxes for the 12-month period immediately following the date of such deposit.

 

With respect to Loan No. 42, Best Yet Storage – Shed Road, the borrower is required to escrow approximately $399 on a monthly basis upon the earlier of (i) the payment date occurring in November 2020 or (ii) a Lockbox Event. A Lockbox Event will commence on the earliest of (i) an event of default or (ii) the last day of any calendar quarter in which the debt service coverage ratio is less than 1.20x.

 

With respect to Loan No. 43, Lincoln Commonwealth Center, when the reserve falls below the cap, the borrower is required to escrow $933 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $100,000.

   
(22)

Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.

 

With respect to Loan No. 22, Westbay Office Park, the $728,534 TI/LC Reserve Cap will be reduced to $485,691 upon the occurrence of (i) the borrower providing the lender satisfactory evidence that tenant University of Nevada, Las Vegas has renewed or extended its lease for a term of at least five more additional years including rent and reimbursements that are equal to or better than the terms at the closing date and (ii) University of Nevada, Las Vegas has issued a signed estoppel certificate satisfactory to the lender evidencing the foregoing.

 

With respect to Loan No. 24, Alex Park South, the $5,000,000 TI/LC Reserve Cap will be reduced to $3,100,000 if Rochester General Hospital has renewed its lease term or has entered into a new lease or an amendment for the entire premises or the related borrower has entered into one or more replacement leases or approved subleases for the entire premises with tenants and at lease terms acceptable to the lender; provided that amounts in the Windstream reserve are taken into account for the sole purpose of calculating if the TI/LC Reserve Cap has been met. 

   
(23)

In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date, and may not include smaller spaces with different expiration dates.

 

With respect to Loan No. 4, Liberty Portfolio, the Largest Tenant at the Liberty Center at Rio Salado property, Centene Management Company, LLC, has three separate expiration dates for its combined 352,988 square feet of space: a lease for 77,867 square feet will expire on January 22, 2028; a lease for 236,131 square feet will expire on January 31, 2028; and a lease for 38,990 square feet will expire on December 31, 2028.

 

With respect to Loan No. 6, Troy Place, the Fifth Largest Tenant, Dynamic Acquisition Co., LLC has two separate lease expiration dates for its combined 19,722 square feet of space: a lease for 18,602 square feet will expire on August 31, 2024 and a lease for 1,120 square feet will expire on September 30, 2019. 

 

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  With respect to Loan No.12, Moffett Towers – Buildings E,F,G , the Largest Tenant, Amazon, leases 452,106 square feet within Buildings F and G with a lease expiration date of June 30, 2030, and 224,492 square feet within Building E with a lease expiration date of February 28, 2024. 
   
(24) With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property.
   
(25)

The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space 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 subject lease.

 

With respect to Loan No. 2, Christiana Mall, the Second Largest Tenant, Cabela’s, has the right to raze its leased premises, so long as it restores the building pad back to the condition at which time the leased premises were delivered, caps utilities at their in-place levels and otherwise leaves its leased premises in a good, clean and attractive condition. Upon substantial completion of such razing, the Cabela’s lease will terminate (however, this provision does not apply in connection with any remodeling or rebuilding by the tenant).

 

With respect to Loan No. 5, Fidelis Portfolio, the Second Largest Tenant at the Victory Lakes Town Center mortgaged property, University of Texas Medical Branch, has the one-time right to terminate its lease August 31, 2023 with 12-months’ notice and the payment of a termination fee.

 

With respect to Loan No. 6, Troy Place, the Largest Tenant, GP Strategies Corporation, has a one-time option to contract by 6,700 square feet effective December 2023.

 

With respect to Loan No. 7, West Covina Village, the Third Largest Tenant, LA Fitness, has the one-time right to terminate its lease effective November 30, 2021 with six months’ notice.

 

With respect to Loan No. 10, Home Depot Technology Center, the Second Largest Tenant, Underwriters Laboratories, LLC, has a one-time option to terminate its lease effective as of August 31, 2026 with written notice of 360 days, but not more than 450 days and payment to the landlord in an amount equal to $727,786.

 

With respect to Loan No. 12, Moffett Towers — Buildings E,F,G, if the borrower fails to deliver Building F to the Largest Tenant, Amazon, in the required delivery condition on or before October 15, 2019 (as such date may be extended on a day-for day basis for tenant delays or up to four months and 15 days in the aggregate for force majeure delays), Amazon may terminate the lease for Building F upon at least 30 days’ notice, provided that the borrower does not deliver Building F to Amazon in the required delivery condition within such 30-day notice period and then within 15 days of Amazon’s second written notice to terminate after the initial 30 days expires. In order to deliver Building F to Amazon in the required delivery condition the borrower’s sole obligations are to ensure that Building F is free of tenants or occupants and any rights or claims of third parties under rights of first refusal, rights of first offer, or similar rights.

 

With respect to Loan No. 13, Shelbourne Global Portfolio II, the Largest Tenant at the White Clay mortgaged property, Chase Bank USA, has the right to terminate its lease on July 31, 2021 or July 31, 2022, so long as they provide 12-months’ notice along with a termination fee of unamortized TI/LCs, among other things.

 

With respect to Loan No.13, Shelbourne Global Portfolio II, the Fourth Largest Tenant at the White Clay mortgaged property, First Data Corporation, has a one-time to terminate up to 15,331 square feet of its space, effective on July 1, 2020, with prior written notice no later than March 3, 2020. 

 

 

With respect to Loan No. 14, Zenith Ridge, the Largest Tenant, Ansys, has the one-time right to terminate its lease effective December 2025 by providing at least 18 months’ notice and paying all unamortized tenant improvements allowance, brokerage fees and free rent, plus an additional $887,671, estimated to total approximately $5.75 million.

 

With respect to Loan No. 18, TX-OK Portfolio, the Largest Tenant at the South Houston Industrial mortgaged property, Deutsche Windtechnik, has a one-time option to terminate its lease in January 2022 with notice by August 2021. Additionally, the Largest Tenant at the Logistics Park at World Houston mortgaged property, Chaparral Insulation, has the right to terminate its lease in June 2020 with 90 days’ notice.

 

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With respect to Loan No. 18, TX-OK Portfolio, the Largest Tenant and Second Largest Tenant at the Little York Industrial mortgaged property, Gulf Coast Conversions and APS Building Services, respectively, sublease space from Lufkin Industries. Gulf Coast Conversions subleases 27,876 square feet with a lease expiration of August 31, 2019, while APS building Services subleases 22,851 square feet with a lease expiration of March 31, 2022. Lufkin Industries has been in occupancy since 2013 and has a current blended rental rate of $9.96 per square foot. Gulf Coast Conversions and APS Building Services are subleasing their spaces for $5.76 and $6.83 per square foot, respectively. The spaces are underwritten based on the sublease terms.

 

With respect to Loan No. 22, Westbay Office Park, the Largest Tenant, University of Nevada, Las Vegas, School of Medicine, has a termination option if its government funding is completely eliminated such that there remains no funds available to fund the obligations of its lease.

 

With respect to Loan No. 22, Westbay Office Park, the Second Largest Tenant, Department of Employment, has a termination option if it loses its government funding in such a way that inhibits its ability to pay its lease obligations.

 

With respect to Loan No. 22, Westbay Office Park, the Fifth Largest Tenant, Department of Transportation, has a termination option if it loses its government funding in such a way that inhibits its ability to pay its lease obligations, and pays the rent owed for the month of termination.

 

With respect to Loan No. 23, One River Place, the Largest Tenant, AAA Club Alliance Inc., has a one-time option to terminate its lease effective as of June 30, 2030 after giving written notice no later than June 30, 2028.

 

With respect to Loan No. 24, Alex Park South, the Second Largest Tenant, MVP Health Care, Inc., has the right to terminate its lease effective as of May 31, 2023 with a termination payment of $1,500,000 by notifying the landlord of its intention to exercise at least 12-months prior to the termination date.

 

With respect to Loan No. 31, Friedman Portfolio, the Second Largest Tenant at the Coors Bypass property, Tuesday Morning, has a one-time option to terminate its lease, effective January 2022, upon 180 days’ written notice, if the tenant’s gross sales have not exceeded $1.5 million for any consecutive 12-month period during the first five years of its lease term. In connection with the exercise of such termination right, the tenant must pay a termination fee in the amount of $150,000.

 

With respect to Loan No. 36, College Park, the Second Largest Tenant, Keller Williams Foothill, has the right to terminate its lease on the last day of the 60th month of the term of its lease, November 30, 2020, with notice to the landlord of not less than nine months and not more than 12-months and payment of a $70,000 termination fee. 

   
(26) Each number identifies a group of related borrowers.
   
(27) The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool – Certain Calculations and Definitions – Definitions” for further details.

 

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