FWP 1 n1846-x3_anxa1.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226850-04
     

BBCMS 2019-C5 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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., KeyBanc Capital Markets Inc., Natixis Securities Americas LLC, SG Americas Securities, LLC, Bancroft Capital, LLC and Academy Securities, Inc., 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 Loan/Prop. 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)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio Various Various Various Various Various Various Various Various      2,195,042 Square Feet 100.0%
1.01 Property KeyBank 1 Quest Diagnostics, Inc. 27027 Tourney Road Santa Clarita CA 91355 Office R&D Lab 2004           222,193 Square Feet 100.0%
1.02 Property KeyBank 1 Encompass Health Corporation 9001 Liberty Parkway Birmingham AL 35242 Office Suburban 2018           199,305 Square Feet 100.0%
1.03 Property KeyBank 1 AT&T Services, Inc. 1010 North Saint Mary’s Street San Antonio TX 78215 Office CBD 1961           401,516 Square Feet 100.0%
1.04 Property KeyBank 1 Up Central Leasing LLC 4343 Wyoming Avenue Dearborn MI 48126 Industrial Manufacturing 1959 2016         220,000 Square Feet 100.0%
1.05 Property KeyBank 1 ComDoc, Inc. 8247 Pittsburg Avenue Northwest North Canton OH 44720 Industrial Manufacturing 2019           107,500 Square Feet 100.0%
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc. 8350 Sunlight Drive Fishers IN 46037 Office Suburban 2017             80,000 Square Feet 100.0%
1.07 Property KeyBank 1 EQT Gathering, LLC 317 East Roy Furman Highway Waynesburg PA 15370 Industrial Warehouse/Distribution 1985           127,135 Square Feet 100.0%
1.08 Property KeyBank 1 Metal Technologies, Inc. 909 East State Road 54 Bloomfield IN 47424 Industrial Manufacturing 1986           234,377 Square Feet 100.0%
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC 7814 Magnolia Industrial Boulevard Tifton GA 31794 Industrial Warehouse/Distribution 1992 2000         214,757 Square Feet 100.0%
1.10 Property KeyBank 1 Hanes Companies, Inc. 200 Union Grove Road Calhoun GA 30701 Industrial Warehouse/Distribution 2000 2007         275,500 Square Feet 100.0%
1.11 Property KeyBank 1 FedEx Ground Package System, Inc. 6013 Horsemans Drive Lake Charles LA 70615 Industrial Warehouse/Distribution 2009 2014           76,039 Square Feet 100.0%
1.12 Property KeyBank 1 Cummins, Inc. 2600 East 2nd Street Gillette WY 82718 Industrial Manufacturing 2008             36,720 Square Feet 100.0%
2 Both SGFC 1 Presidential City 3800, 3850, 3950 City Avenue and 3600 Neill Drive Philadelphia PA 19131 Multifamily High Rise 1952 2017              1,015 Units 94.5%
3 Both Barclays 1 Ceasar’s Bay Shopping Center 8973 Bay Parkway Brooklyn NY 11214 Retail Anchored 1957 2018         301,300 Square Feet 97.8%
4 Both Natixis 1 NEMA San Francisco 8 10th Street San Francisco CA 94103 Multifamily High Rise 2013                   754 Units 94.0%
5 Both RMF 1 Equinix Data Center 755 & 800 Secaucus Road and 105 Enterprise Avenue Secaucus NJ 07094 Leased Fee Leased Fee NAP NAP         663,621 Square Feet 100.0%
6 Loan KeyBank 32 Inland Life Storage Portfolio Various Various Various Various Self Storage Self Storage Various Various           17,278 Units 91.3%
6.01 Property KeyBank 1 Life Storage - 586 5491 Plaza Drive Flowood MS 39232 Self Storage Self Storage 2000 2016              1,006 Units 93.5%
6.02 Property KeyBank 1 Life Storage - 145 140 Centennial Boulevard Richardson TX 75081 Self Storage Self Storage 1985                   929 Units 92.2%
6.03 Property KeyBank 1 Life Storage - 364 130 Centre Street Ridgeland MS 39157 Self Storage Self Storage 1997                   698 Units 92.3%
6.04 Property KeyBank 1 Life Storage - 365 5111 I-55 North Jackson MS 39206 Self Storage Self Storage 2003                   676 Units 95.3%
6.05 Property KeyBank 1 Life Storage - 212 313 Guilbeau Road Lafayette LA 70506 Self Storage Self Storage 1994 2005                 655 Units 91.0%
6.06 Property KeyBank 1 Life Storage - 386 4155 Fairway Plaza Drive Pasadena TX 77505 Self Storage Self Storage 2000                   613 Units 90.9%
6.07 Property KeyBank 1 Life Storage - 256 2280 East Main Street League City TX 77573 Self Storage Self Storage 1992 2003                 553 Units 93.3%
6.08 Property KeyBank 1 Life Storage - 206 5110 Franz Road Katy TX 77493 Self Storage Self Storage 1994                   626 Units 92.2%
6.09 Property KeyBank 1 Life Storage - 324 2860 Northeast Evangeline Throughway Lafayette LA 70507 Self Storage Self Storage 1995 2016                 819 Units 93.7%
6.10 Property KeyBank 1 Life Storage - 236 7437 Garners Ferry Road Columbia SC 29209 Self Storage Self Storage 1981 2007                 887 Units 82.6%
6.11 Property KeyBank 1 Life Storage - 184 5961 I-55 North Jackson MS 39213 Self Storage Self Storage 1995                   416 Units 91.1%
6.12 Property KeyBank 1 Life Storage - 500 6000 Garners Ferry Road and 1417 Atlas Road Columbia SC 29209 Self Storage Self Storage 1977, 2004                   463 Units 95.7%
6.13 Property KeyBank 1 Life Storage - 288 32777 State Highway 249 Pinehurst TX 77362 Self Storage Self Storage 2003                   493 Units 89.2%
6.14 Property KeyBank 1 Life Storage - 299 203 Albertson Parkway Broussard LA 70518 Self Storage Self Storage 2002 2007                 662 Units 91.8%
6.15 Property KeyBank 1 Life Storage - 209 2207 West Pinhook Road Lafayette LA 70508 Self Storage Self Storage 1992 2014                 503 Units 93.0%
6.16 Property KeyBank 1 Life Storage - 035 10020 Two Notch Road Columbia SC 29223 Self Storage Self Storage 1989 2013                 595 Units 90.8%
6.17 Property KeyBank 1 Life Storage - 074 6011 I-55 North Jackson MS 39213 Self Storage Self Storage 1990                   491 Units 89.4%
6.18 Property KeyBank 1 Life Storage - 252 1606 Plantation Road Dallas TX 75235 Self Storage Self Storage 1985                   504 Units 92.1%
6.19 Property KeyBank 1 Life Storage - 033 7403 Parklane Road Columbia SC 29223 Self Storage Self Storage 1987                   423 Units 91.3%
6.20 Property KeyBank 1 Life Storage - 205 4000 North West Street Jackson MS 39206 Self Storage Self Storage 1984                   477 Units 87.8%
6.21 Property KeyBank 1 Life Storage - 300 4706 West Congress Street Lafayette LA 70506 Self Storage Self Storage 1997 2007                 557 Units 90.7%
6.22 Property KeyBank 1 Life Storage - 026 3511 South Holden Road Greensboro NC 27407 Self Storage Self Storage 1985 2008                 535 Units 91.6%
6.23 Property KeyBank 1 Life Storage - 361 421 Classic Drive Hattiesburg MS 39402 Self Storage Self Storage 1998                   364 Units 95.3%
6.24 Property KeyBank 1 Life Storage - 165 5810 West Gate City Boulevard Greensboro NC 27407 Self Storage Self Storage 1993 2000                 461 Units 94.4%
6.25 Property KeyBank 1 Life Storage - 208 2310 West Pinhook Road Lafayette LA 70508 Self Storage Self Storage 1980                   483 Units 91.3%
6.26 Property KeyBank 1 Life Storage - 211 2888 Northeast Evangeline Throughway Lafayette LA 70507 Self Storage Self Storage 1977 2005                 392 Units 91.8%
6.27 Property KeyBank 1 Life Storage - 021 2648 Two Notch Road Columbia SC 29204 Self Storage Self Storage 1988                   391 Units 83.9%
6.28 Property KeyBank 1 Life Storage - 298 300 Westgate Road Lafayette LA 70506 Self Storage Self Storage 2001 2004                 397 Units 89.9%
6.29 Property KeyBank 1 Life Storage - 297 5922 Cameron Street Scott LA 70583 Self Storage Self Storage 1997                   329 Units 92.7%
6.30 Property KeyBank 1 Life Storage - 153 118 Stage Coach Trail Greensboro NC 27409 Self Storage Self Storage 1996 2001                 291 Units 89.0%
6.31 Property KeyBank 1 Life Storage - 075 2947 McDowell Road Extension Jackson MS 39204 Self Storage Self Storage 1988                   304 Units 87.2%
6.32 Property KeyBank 1 Life Storage - 152 4207 Hilltop Road Greensboro NC 27407 Self Storage Self Storage 1995 2000                 285 Units 91.2%
7 Both Natixis 1 Uline Arena 1140 3rd Street Northeast Washington DC 20002 Mixed Use Office/Retail 1945 2016-2017         248,381 Square Feet 92.1%
8 Both Natixis 1 10000 Santa Monica Boulevard 10000 Santa Monica Boulevard Los Angeles CA 90067 Multifamily High Rise 2016                   281 Units 89.0%
9 Both Natixis 1 765 Broad Street 765 Broad Street Newark NJ 07102 Office CBD 1950 2017-2019         209,671 Square Feet 100.0%
10 Both KeyBank 1 Rivertop Apartments 5800 River Road Nashville TN 37209 Multifamily Garden 2019                   224 Units 90.2%
11 Both KeyBank 1 Ocean Edge Resort & Golf Club 2907 Main Street Brewster MA 02631 Hotel Full Service 1890, 1912, 1986, 1998, 2009 2007-2019                 337 Rooms 41.5%
12 Both KeyBank 1 Loudoun Gateway II and III 45195 & 45200 Business Court Sterling VA 20166 Office Suburban 2000           179,864 Square Feet 100.0%
13 Both KeyBank 1 Village at Knapp’s Crossing 2078 East Beltline Avenue Northeast Grand Rapids MI 49525 Retail Anchored 2011-2019           143,287 Square Feet 91.0%
14 Both Barclays 1 200 North Warner Road 200 North Warner Road King of Prussia PA 19406 Office Suburban 1982 2017         164,157 Square Feet 85.1%
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 1190 Discovery Way and 900 5th Avenue Sunnyvale CA 94089 Office Suburban 2019           701,266 Square Feet 100.0%
16 Loan RMF 2 Mr. D’s Self Storage Portfolio Various Various NY Various Self Storage Self Storage Various                1,908 Units 97.8%
16.01 Property RMF 1 Bohemia Self Storage 911 Lincoln Avenue and 868 Lincoln Avenue Holbrook, Bohemia NY 11741 Self Storage Self Storage 2001, 2004                1,209 Units 97.1%
16.02 Property RMF 1 Bay Shore Self Storage 99 Pine Aire Drive Bay Shore NY 11706 Self Storage Self Storage 1998                   699 Units 99.0%
17 Both Barclays 1 One Main Plaza 2200 Main Street Wailuku HI 96793 Office CBD 1989 2013           83,082 Square Feet 89.7%
18 Both SGFC 1 Crocs Distribution Center 10391 Dog Leg Road Vandalia OH 45377 Industrial Warehouse/Distribution 2019    555,251 Square Feet 100.0%
19 Both Natixis 1 Walgreens South Beach 509 Collins Avenue Miami Beach FL 33139 Retail Freestanding 1995 2008           22,857 Square Feet 100.0%
20 Both Natixis 1 SpringHill Suites Newark 402 Ogletown Road Newark DE 19711 Hotel Select Service 2018                   132 Rooms 70.9%
21 Both Barclays 1 Storage Etc. - Los Feliz 2870 Los Feliz Place Los Angeles CA 90039 Self Storage Self Storage 1978                3,124 Units 92.7%

 

A-1-1

 

 

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

 

Mortgage Loan Number Loan/Prop. 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)
22 Loan SGFC 2 Bison Portfolio Various Fayetteville AR 72703 Retail Anchored Various    397,907 Square Feet 97.4%
22.01 Property SGFC 1 Spring Creek 464 East Joyce Boulevard Fayetteville AR 72703 Retail Anchored 1995           261,008 Square Feet 96.5%
22.02 Property SGFC 1 Steele Crossing 3533 Shiloh Drive Fayetteville AR 72703 Retail Anchored 2002           136,899 Square Feet 99.0%
23 Both SGFC 1 145 Spring Street 145 Spring Street New York NY 10012 Mixed Use Multifamily/Retail/Office 1910 2018                      5 Units 100.0%
24 Both KeyBank 1 North Heights Plaza 8160-8436 Old Troy Pike and 5545-5555 Executive Boulevard Huber Heights OH 45424 Retail Anchored 1990           182,299 Square Feet 96.1%
25 Both Barclays 1 Southchase Village 12301-12479 South Orange Blossom Trail Orlando FL 32837 Retail Anchored 1990           228,615 Square Feet 87.4%
26 Both Barclays 1 Scottsdale Gateway II 8901 East Mountain View Road Scottsdale AZ 85258 Office Suburban 1998           107,888 Square Feet 90.8%
27 Loan BSPRT 13 NMR Pharmacy Portfolio Various Various Various Various Retail Freestanding Various Various         153,806 Square Feet 100.0%
27.01 Property BSPRT 1 WAG - Knoxville, TN 5320 Clinton Highway Knoxville  TN 37912 Retail Freestanding 2000             14,112 Square Feet 100.0%
27.02 Property BSPRT 1 WAG - Cincinnati, OH 9 West Mitchell Avenue Cincinnati  OH 45217 Retail Freestanding 2000             14,490 Square Feet 100.0%
27.03 Property BSPRT 1 WAG - Huntington, IN 1804 North Jefferson Street Huntington  IN 46750 Retail Freestanding 2000             15,125 Square Feet 100.0%
27.04 Property BSPRT 1 CVS - Dublin, OH 7470 Sawmill Road Dublin  OH 43016 Retail Freestanding 1999             10,086 Square Feet 100.0%
27.05 Property BSPRT 1 CVS - Ashland, KY 1221 Lexington Avenue Ashland  KY 41101 Retail Freestanding 1999             11,240 Square Feet 100.0%
27.06 Property BSPRT 1 WAG - Akron, OH 1130 South Arlington Street Akron  OH 44306 Retail Freestanding 1994             13,500 Square Feet 100.0%
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH 1158 Wilmington Avenue Dayton  OH 45420 Retail Freestanding 1998             11,180 Square Feet 100.0%
27.08 Property BSPRT 1 CVS - Bristol, VA 31 East Valley Drive Bristol  VA 24201 Retail Freestanding 1999             10,251 Square Feet 100.0%
27.09 Property BSPRT 1 CVS - Bristol, TN 3030 West State Street Bristol  TN 37620 Retail Freestanding 1999             10,200 Square Feet 100.0%
27.10 Property BSPRT 1 CVS - Evans, GA 4385 Hereford Farm Road Evans  GA 30809 Retail Freestanding 1999             10,125 Square Feet 100.0%
27.11 Property BSPRT 1 WAG - Henderson, KY 517 North Green Street Henderson  KY 42420 Retail Freestanding 1996 2013           11,385 Square Feet 100.0%
27.12 Property BSPRT 1 CVS - Summerfield, NC 4601 US Highway 220 Summerfield  NC 27358 Retail Freestanding 1999             10,112 Square Feet 100.0%
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA 1851 East State Street Hermitage  PA 16148 Retail Freestanding 1951             12,000 Square Feet 100.0%
28 Both Barclays 1 The Firebrand Hotel 650 East 3rd Street Whitefish MT 59937 Hotel Full Service 2016                     86 Rooms 75.6%
29 Loan BSPRT 2 Delaware Retail Portfolio Various Various DE Various Retail Anchored Various Various         112,856 Square Feet 92.8%
29.01 Property BSPRT 1 Cypress Hall Shopping Center 28253 Lexus Drive Milford DE 19963 Retail Anchored 2012 2016           79,523 Square Feet 91.1%
29.02 Property BSPRT 1 Meadowood Shopping Center 2651 Capitol Trail Newark DE 19711 Retail Anchored 1963 2007           33,333 Square Feet 96.8%
30 Both KeyBank 1 Providence Pavilion 1025 Veterans Memorial Highway Southeast Mableton GA 30126 Retail Anchored 2004             95,085 Square Feet 92.4%
31 Both KeyBank 1 Extra Space - McLean 1315 Beverly Road McLean VA 22101 Self Storage Self Storage 2012                   599 Units 93.0%
32 Both Barclays 1 Residence Inn - Hoover, AL 2725 John Hawkins Parkway Hoover AL 35244 Hotel Extended Stay 2008 2016                 118 Rooms 85.5%
33 Both BSPRT 1 Aloft Dulles North 22390 Flagstaff Plaza Ashburn VA 20148 Hotel Select Service 2008                   136 Rooms 75.8%
34 Both RMF 1 Kohl’s Highland Heights 6245 Wilson Mills Road Highland Heights OH 44143 Retail Freestanding 1995 2018           80,371 Square Feet 100.0%
35 Both KeyBank 1 Paradise Foothills Apartments 12231 North 19th Street Phoenix AZ 85022 Multifamily Garden 1985                   180 Units 99.4%
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA 115 Interstate West Parkway Lithia Springs GA 30122 Hotel Extended Stay 2018                     92 Rooms 77.5%
37 Both BSPRT 1 Beau Terre Apartments 920 Twin Bridges Road Alexandria LA 71303 Multifamily Garden 1986                   168 Units 95.8%
38 Both Natixis 1 Westar Place 600 North Cleveland Avenue Westerville OH 43082 Office Suburban 2006             93,519 Square Feet 98.1%
39 Both Barclays 1 Candlewood Suites - Terre Haute IN 721 Wabash Avenue Terre Haute IN 47807 Hotel Extended Stay 2008 2018-2019                   97 Rooms 78.5%
40 Both Barclays 1 Hen House Marketplace 14900 West 87th Street Parkway Lenexa KS 66216 Retail Anchored 1984             89,097 Square Feet 98.7%
41 Both Barclays 1 North Plains Self Storage 29785 Northwest West Union Road North Plains OR 97133 Self Storage Self Storage 2007 2016                 785 Units 90.7%
42 Both Barclays 1 The Burgundy 11911 Marsh Lane Dallas TX 75234 Multifamily Garden 1972                   111 Units 98.2%
43 Both KeyBank 1 Dollar Self Storage - Chandler 275 East Ocotillo Road Chandler AZ 85249 Self Storage Self Storage 2008                   720 Units 91.5%
44 Both Barclays 1 Vineland Leased Fee 8707, 8735 and 8761 Vineland Avenue Orlando FL 32821 Leased Fee Leased Fee NAP NAP           31,678 Square Feet 100.0%
45 Both RMF 1 Stor & Go Self Storage 2350 Boston Road Wilbraham MA 01095 Self Storage Self Storage 2015                   552 Units 91.5%
46 Both Barclays 1 Fairfield Inn - Calhoun, GA 1002 Highway 53 East Calhoun GA 30701 Hotel Limited Service 2014                     73 Rooms 74.9%
47 Both Barclays 1 Oak Brook Apartments 700 North Spence Avenue Goldsboro NC 27534 Multifamily Garden 1982 2019                 100 Units 97.0%
48 Both SGFC 1 LA Fitness Spring 3570 Harmony Commons Drive Spring TX 77386 Retail Freestanding 2019    34,000 Square Feet 100.0%
49 Loan Natixis 4 Vanguard Portfolio Various Malvern PA 19355 Office Suburban Various Various         568,658 Square Feet 100.0%
49.01 Property Natixis 1 425 Old Morehall Road 425 Old Morehall Road Malvern PA 19355 Office Suburban 2014           201,658 Square Feet 100.0%
49.02 Property Natixis 1 1001 Cedar Hollow Road 1001 Cedar Hollow Road Malvern PA 19355 Office Suburban 1998 2017         133,000 Square Feet 100.0%
49.03 Property Natixis 1 50 Morehall Road 50 Morehall Road Malvern PA 19355 Office Suburban 1997 2014         117,000 Square Feet 100.0%
49.04 Property Natixis 1 60 Morehall Road 60 Morehall Road Malvern PA 19355 Office Suburban 1989 2015         117,000 Square Feet 100.0%
50 Both RMF 1 Xtra Room Self Storage 100 Von Roll Drive Schenectady NY 12306 Self Storage Self Storage 2006                   401 Units 97.0%
51 Both RMF 1 Marval Plaza 4201 South McColl Road and 3020 West Trenton Road Edinburg TX 78539 Retail Unanchored 2015, 2016             15,787 Square Feet 100.0%
52 Both BSPRT 1 Brownsville Plaza 5239-5255 Brownsville Road Pittsburgh PA 15236 Retail Anchored 1953 2012           33,895 Square Feet 100.0%
53 Both KeyBank 1 Lake Bluff Village 401 Kenneally Boulevard Gladstone MI 49837 Manufactured Housing Manufactured Housing 1998                   100 Pads 92.0%
54 Both BSPRT 1 Sandstone Apartments 12800 West Nine Mile Road Oak Park MI 48237 Multifamily Garden 1964 2018-2019                   46 Units 97.8%
55 Both KeyBank 1 Bayfield MHP 1591 County Road 526 Bayfield CO 81122 Manufactured Housing Manufactured Housing 2001                     37 Pads 100.0%

 

A-1-2

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Occupancy Date Appraised
Value ($)(5)		 Appraisal Date Crossed Loan Original
Balance ($)(6)(7)		 Current
Balance ($)(6)(7)		 Current Balance per Unit ($) % of Initial Pool Balance Current LTV (%)(5) Maturity/ARD Balance ($)(6)(7) Maturity/ARD LTV (%)(5) Interest
Rate %		 Admin. Fee %(8) Net Mortgage Rate %
1 Loan KeyBank 12 GNL Office and Industrial Portfolio 09/12/2019        370,310,000 09/12/2019 No                 66,000,000        66,000,000 93 6.6% 55.1%                 66,000,000 55.1% 3.65000 0.01949 3.63051
1.01 Property KeyBank 1 Quest Diagnostics, Inc. 09/12/2019        103,300,000 07/30/2019                   18,069,502        18,069,502 93 1.8% 55.1%                 18,069,502 55.1% 3.65000    
1.02 Property KeyBank 1 Encompass Health Corporation 09/12/2019          76,900,000 07/25/2019                   13,290,238        13,290,238 93 1.3% 55.1%                 13,290,238 55.1% 3.65000    
1.03 Property KeyBank 1 AT&T Services, Inc. 09/12/2019          70,600,000 07/24/2019                   12,138,226        12,138,226 93 1.2% 55.1%                 12,138,226 55.1% 3.65000    
1.04 Property KeyBank 1 Up Central Leasing LLC 09/12/2019          16,800,000 07/24/2019                     3,463,714          3,463,714 93 0.3% 55.1%                    3,463,714 55.1% 3.65000    
1.05 Property KeyBank 1 ComDoc, Inc. 09/12/2019          17,700,000 07/25/2019                     3,314,350          3,314,350 93 0.3% 55.1%                    3,314,350 55.1% 3.65000    
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc. 09/12/2019          16,400,000 07/24/2019                     3,277,459          3,277,459 93 0.3% 55.1%                    3,277,459 55.1% 3.65000    
1.07 Property KeyBank 1 EQT Gathering, LLC 09/12/2019          13,700,000 07/30/2019                     2,721,560          2,721,560 93 0.3% 55.1%                    2,721,560 55.1% 3.65000    
1.08 Property KeyBank 1 Metal Technologies, Inc. 09/12/2019          10,810,000 07/26/2019                     2,271,265          2,271,265 93 0.2% 55.1%                    2,271,265 55.1% 3.65000    
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC 09/12/2019          11,500,000 07/29/2019                     2,246,025          2,246,025 93 0.2% 55.1%                    2,246,025 55.1% 3.65000    
1.10 Property KeyBank 1 Hanes Companies, Inc. 09/12/2019          10,100,000 07/25/2019                     1,994,293          1,994,293 93 0.2% 55.1%                    1,994,293 55.1% 3.65000    
1.11 Property KeyBank 1 FedEx Ground Package System, Inc. 09/12/2019             9,800,000 07/25/2019                     1,851,632          1,851,632 93 0.2% 55.1%                    1,851,632 55.1% 3.65000    
1.12 Property KeyBank 1 Cummins, Inc. 09/12/2019             7,100,000 07/23/2019                     1,361,734          1,361,734 93 0.1% 55.1%                    1,361,734 55.1% 3.65000    
2 Both SGFC 1 Presidential City 07/26/2019        380,000,000 08/29/2019 No                 45,000,000        45,000,000 115,271 4.5% 30.8%                 45,000,000 30.8% 3.49816176470588 0.01074 3.48742176470588
3 Both Barclays 1 Ceasar’s Bay Shopping Center 10/02/2019        170,000,000 07/02/2019 No                 42,000,000        42,000,000 290 4.2% 51.5%                 42,000,000 51.5% 3.01500 0.01199 3.00301
4 Both Natixis 1 NEMA San Francisco 01/14/2019        543,600,000 12/13/2018 No                 40,000,000        40,000,000 271,883 4.0% 37.7%                 40,000,000 37.7% 4.43598540291971 0.01074 4.42524540291971
5 Both RMF 1 Equinix Data Center 09/20/2019        201,000,000 08/08/2019 No                 40,000,000        40,000,000 151 4.0% 49.8%                 40,000,000 49.8% 3.30000 0.01199 3.28801
6 Loan KeyBank 32 Inland Life Storage Portfolio 06/05/2019        225,000,000 06/28/2019 No                 37,000,000        37,000,000 8,051 3.7% 61.8%                 31,856,194 53.2% 3.80900 0.01949 3.78951
6.01 Property KeyBank 1 Life Storage - 586 06/05/2019          15,400,000 06/06/2019                     2,683,939          2,683,939 8,051 0.3% 61.8%                    2,310,813 53.2% 3.80900    
6.02 Property KeyBank 1 Life Storage - 145 06/05/2019          12,400,000 06/07/2019                     2,178,521          2,178,521 8,051 0.2% 61.8%                    1,875,659 53.2% 3.80900    
6.03 Property KeyBank 1 Life Storage - 364 06/05/2019          12,400,000 06/06/2019                     2,161,731          2,161,731 8,051 0.2% 61.8%                    1,861,203 53.2% 3.80900    
6.04 Property KeyBank 1 Life Storage - 365 06/05/2019          12,000,000 06/06/2019                     2,091,380          2,091,380 8,051 0.2% 61.8%                    1,800,633 53.2% 3.80900    
6.05 Property KeyBank 1 Life Storage - 212 06/05/2019          10,400,000 06/13/2019                     1,812,529          1,812,529 8,051 0.2% 61.8%                    1,560,548 53.2% 3.80900    
6.06 Property KeyBank 1 Life Storage - 386 06/05/2019             9,700,000 06/10/2019                     1,707,961          1,707,961 8,051 0.2% 61.8%                    1,470,517 53.2% 3.80900    
6.07 Property KeyBank 1 Life Storage - 256 06/05/2019             9,400,000 06/10/2019                     1,638,249          1,638,249 8,051 0.2% 61.8%                    1,410,497 53.2% 3.80900    
6.08 Property KeyBank 1 Life Storage - 206 06/05/2019             8,900,000 06/10/2019                     1,551,106          1,551,106 8,051 0.2% 61.8%                    1,335,468 53.2% 3.80900    
6.09 Property KeyBank 1 Life Storage - 324 06/05/2019             8,400,000 06/12/2019                     1,529,475          1,529,475 8,051 0.2% 61.8%                    1,316,845 53.2% 3.80900    
6.10 Property KeyBank 1 Life Storage - 236 06/05/2019             9,200,000 06/13/2019                     1,462,976          1,462,976 8,051 0.1% 61.8%                    1,259,591 53.2% 3.80900    
6.11 Property KeyBank 1 Life Storage - 184 06/05/2019             7,700,000 06/06/2019                     1,341,970          1,341,970 8,051 0.1% 61.8%                    1,155,407 53.2% 3.80900    
6.12 Property KeyBank 1 Life Storage - 500 06/05/2019             7,150,000 06/13/2019                     1,246,115          1,246,115 8,051 0.1% 61.8%                    1,072,878 53.2% 3.80900    
6.13 Property KeyBank 1 Life Storage - 288 06/05/2019             7,100,000 06/10/2019                     1,237,399          1,237,399 8,051 0.1% 61.8%                    1,065,373 53.2% 3.80900    
6.14 Property KeyBank 1 Life Storage - 299 06/05/2019             6,500,000 06/12/2019                     1,236,880          1,236,880 8,051 0.1% 61.8%                    1,064,927 53.2% 3.80900    
6.15 Property KeyBank 1 Life Storage - 209 06/05/2019             7,000,000 06/12/2019                     1,219,971          1,219,971 8,051 0.1% 61.8%                    1,050,368 53.2% 3.80900    
6.16 Property KeyBank 1 Life Storage - 035 06/05/2019             6,400,000 06/13/2019                     1,063,983          1,063,983 8,051 0.1% 61.8%                       916,066 53.2% 3.80900    
6.17 Property KeyBank 1 Life Storage - 074 06/05/2019             6,000,000 06/10/2019                     1,048,023          1,048,023 8,051 0.1% 61.8%                       902,325 53.2% 3.80900    
6.18 Property KeyBank 1 Life Storage - 252 06/05/2019             5,800,000 06/07/2019                     1,010,834          1,010,834 8,051 0.1% 61.8%                       870,306 53.2% 3.80900    
6.19 Property KeyBank 1 Life Storage - 033 06/05/2019             5,350,000 06/13/2019                         932,408              932,408 8,051 0.1% 61.8%                       802,783 53.2% 3.80900    
6.20 Property KeyBank 1 Life Storage - 205 06/05/2019             4,300,000 06/06/2019                         930,985              930,985 8,051 0.1% 61.8%                       801,558 53.2% 3.80900    
6.21 Property KeyBank 1 Life Storage - 300 06/05/2019             5,300,000 06/13/2019                         923,694              923,694 8,051 0.1% 61.8%                       795,280 53.2% 3.80900    
6.22 Property KeyBank 1 Life Storage - 026 06/05/2019             4,700,000 06/12/2019                         819,123              819,123 8,051 0.1% 61.8%                       705,247 53.2% 3.80900    
6.23 Property KeyBank 1 Life Storage - 361 06/05/2019             4,100,000 06/06/2019                         766,068              766,068 8,051 0.1% 61.8%                       659,567 53.2% 3.80900    
6.24 Property KeyBank 1 Life Storage - 165 06/05/2019             3,850,000 06/12/2019                         670,985              670,985 8,051 0.1% 61.8%                       577,703 53.2% 3.80900    
6.25 Property KeyBank 1 Life Storage - 208 06/05/2019             3,700,000 06/12/2019                         644,843              644,843 8,051 0.1% 61.8%                       555,196 53.2% 3.80900    
6.26 Property KeyBank 1 Life Storage - 211 06/05/2019             3,600,000 06/12/2019                         627,415              627,415 8,051 0.1% 61.8%                       540,190 53.2% 3.80900    
6.27 Property KeyBank 1 Life Storage - 021 06/05/2019             4,200,000 06/13/2019                         585,191              585,191 8,051 0.1% 61.8%                       503,836 53.2% 3.80900    
6.28 Property KeyBank 1 Life Storage - 298 06/05/2019             3,200,000 06/13/2019                         557,703              557,703 8,051 0.1% 61.8%                       480,170 53.2% 3.80900    
6.29 Property KeyBank 1 Life Storage - 297 06/05/2019             2,500,000 06/13/2019                         398,994              398,994 8,051 0.0% 61.8%                       343,525 53.2% 3.80900    
6.30 Property KeyBank 1 Life Storage - 153 06/05/2019             1,950,000 06/12/2019                         339,849              339,849 8,051 0.0% 61.8%                       292,603 53.2% 3.80900    
6.31 Property KeyBank 1 Life Storage - 075 06/05/2019             1,800,000 06/06/2019                         313,707              313,707 8,051 0.0% 61.8%                       270,095 53.2% 3.80900    
6.32 Property KeyBank 1 Life Storage - 152 06/05/2019             1,700,000 06/10/2019                         265,996              265,996 8,051 0.0% 61.8%                       229,016 53.2% 3.80900    
7 Both Natixis 1 Uline Arena 07/26/2019        212,000,000 07/01/2021 No                 36,000,000        36,000,000 483 3.6% 56.6%                 36,000,000 56.6% 4.04000 0.01074 4.02926
8 Both Natixis 1 10000 Santa Monica Boulevard 04/09/2019        553,000,000 03/25/2019 No                 35,000,000        35,000,000 782,918 3.5% 39.8%                 35,000,000 39.8% 4.15000 0.01074 4.13926
9 Both Natixis 1 765 Broad Street 02/26/2019          51,900,000 01/01/2020 No                 33,850,000        33,850,000 161 3.4% 65.2%                 33,850,000 65.2% 4.72000 0.01349 4.70651
10 Both KeyBank 1 Rivertop Apartments 09/23/2019          57,200,000 08/14/2019 No                 31,410,000        31,410,000 140,223 3.1% 54.9%                 31,410,000 54.9% 3.30000 0.02224 3.27776
11 Both KeyBank 1 Ocean Edge Resort & Golf Club 06/30/2019        135,400,000 05/30/2019 No                 30,000,000        29,957,940 207,424 3.0% 51.6%                 23,615,947 40.7% 3.75000 0.01949 3.73051
12 Both KeyBank 1 Loudoun Gateway II and III 07/01/2019          45,300,000 08/23/2019 No                 29,410,000        29,410,000 164 2.9% 64.9%                 29,410,000 64.9% 3.70000 0.02224 3.67776
13 Both KeyBank 1 Village at Knapp’s Crossing 07/31/2019          38,900,000 10/09/2019 No                 28,500,000        28,500,000 199 2.8% 73.3%                 23,069,929 59.3% 3.65000 0.02224 3.62776
14 Both Barclays 1 200 North Warner Road 08/15/2019          40,400,000 08/27/2019 No                 27,350,000        27,350,000 167 2.7% 67.7%                 24,808,803 61.4% 3.97300 0.01349 3.95951
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 06/19/2019        790,000,000 Various No                 25,000,000        25,000,000 499 2.5% 44.3%                 25,000,000 44.3% 3.76386 0.01074 3.75312
16 Loan RMF 2 Mr. D’s Self Storage Portfolio 08/05/2019          40,190,000 08/17/2019 No                 24,000,000        24,000,000 12,579 2.4% 59.7%                 24,000,000 59.7% 4.73000 0.01349 4.71651
16.01 Property RMF 1 Bohemia Self Storage 08/05/2019          26,990,000 08/17/2019                   17,300,000        17,300,000 12,579 1.7% 59.7%                 17,300,000 59.7% 4.73000    
16.02 Property RMF 1 Bay Shore Self Storage 08/05/2019          13,200,000 08/17/2019                     6,700,000          6,700,000 12,579 0.7% 59.7%                    6,700,000 59.7% 4.73000    
17 Both Barclays 1 One Main Plaza 08/15/2019          38,000,000 07/03/2019 No                 23,500,000        23,500,000 283 2.3% 61.8%                 23,500,000 61.8% 3.82000 0.01349 3.80651
18 Both SGFC 1 Crocs Distribution Center 09/16/2019          35,800,000 02/01/2020 No                 23,000,000        23,000,000 41 2.3% 64.2%                 20,887,259 58.3% 4.04000 0.01349 4.02651
19 Both Natixis 1 Walgreens South Beach 08/29/2019          33,100,000 06/25/2019 No                 21,100,000        21,100,000 923 2.1% 63.7%                 21,100,000 63.7% 4.30000 0.01349 4.28651
20 Both Natixis 1 SpringHill Suites Newark 07/31/2019          29,300,000 07/01/2019 No                 20,500,000        20,500,000 155,303 2.0% 70.0%                 16,892,407 57.7% 4.20000 0.01349 4.18651
21 Both Barclays 1 Storage Etc. - Los Feliz 08/31/2019          98,000,000 09/05/2019 No                 20,000,000        20,000,000 6,402 2.0% 20.4%                 20,000,000 20.4% 2.79200 0.01349 2.77851

 

A-1-3

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Occupancy Date Appraised
Value ($)(5)		 Appraisal Date Crossed Loan Original
Balance ($)(6)(7)		 Current
Balance ($)(6)(7)		 Current Balance per Unit ($) % of Initial Pool Balance Current LTV (%)(5) Maturity/ARD Balance ($)(6)(7) Maturity/ARD LTV (%)(5) Interest
Rate %		 Admin. Fee %(8) Net Mortgage Rate %
22 Loan SGFC 2 Bison Portfolio Various          56,600,000 06/09/2019 No                 19,600,000        19,548,719 100 2.0% 70.5%                 17,879,426 64.5% 4.30000 0.01074 4.28926
22.01 Property SGFC 1 Spring Creek 07/01/2019          44,300,000 06/09/2019                   15,341,900        15,301,760 100 1.5% 70.5%                 13,995,121 64.5% 4.30000    
22.02 Property SGFC 1 Steele Crossing 06/06/2019          12,300,000 06/09/2019                     4,258,100          4,246,959 100 0.4% 70.5%                    3,884,305 64.5% 4.30000    
23 Both SGFC 1 145 Spring Street 08/01/2019          27,600,000 07/19/2019 No                 18,500,000        18,500,000 3,700,000 1.8% 67.0%                 18,500,000 67.0% 4.14000 0.01349 4.12651
24 Both KeyBank 1 North Heights Plaza 07/23/2019          25,800,000 08/30/2019 No                 18,305,000        18,305,000 100 1.8% 70.9%                 12,949,160 50.2% 3.56200 0.02224 3.53976
25 Both Barclays 1 Southchase Village 09/01/2019          26,900,000 08/01/2019 No                 16,515,000        16,515,000 72 1.6% 61.4%                 16,515,000 61.4% 3.78000 0.01349 3.76651
26 Both Barclays 1 Scottsdale Gateway II 10/01/2019          23,900,000 11/01/2019 No                 16,500,000        16,500,000 153 1.6% 69.0%                 14,375,993 60.2% 4.30000 0.05349 4.24651
27 Loan BSPRT 13 NMR Pharmacy Portfolio 09/27/2019          50,700,000 08/29/2019 No                 14,300,000        14,300,000 207 1.4% 62.7%                 14,300,000 62.7% 4.31600 0.01199 4.30401
27.01 Property BSPRT 1 WAG - Knoxville, TN 09/27/2019             7,825,000 08/19/2019                     2,354,104          2,354,104 207 0.2% 62.7%                    2,354,104 62.7% 4.31600    
27.02 Property BSPRT 1 WAG - Cincinnati, OH 09/27/2019             5,600,000 08/13/2019                     1,688,569          1,688,569 207 0.2% 62.7%                    1,688,569 62.7% 4.31600    
27.03 Property BSPRT 1 WAG - Huntington, IN 09/27/2019             4,560,000 08/19/2019                     1,418,758          1,418,758 207 0.1% 62.7%                    1,418,758 62.7% 4.31600    
27.04 Property BSPRT 1 CVS - Dublin, OH 09/27/2019             3,910,000 04/17/2019                     1,137,704          1,137,704 207 0.1% 62.7%                    1,137,704 62.7% 4.31600    
27.05 Property BSPRT 1 CVS - Ashland, KY 09/27/2019             3,700,000 04/22/2019                     1,076,997          1,076,997 207 0.1% 62.7%                    1,076,997 62.7% 4.31600    
27.06 Property BSPRT 1 WAG - Akron, OH 09/27/2019             3,400,000 08/20/2019                     1,025,283          1,025,283 207 0.1% 62.7%                    1,025,283 62.7% 4.31600    
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH 09/27/2019             2,950,000 04/17/2019                         935,346              935,346 207 0.1% 62.7%                       935,346 62.7% 4.31600    
27.08 Property BSPRT 1 CVS - Bristol, VA 09/27/2019             2,875,000 04/11/2019                         881,384              881,384 207 0.1% 62.7%                       881,384 62.7% 4.31600    
27.09 Property BSPRT 1 CVS - Bristol, TN 09/27/2019             2,950,000 04/11/2019                         858,899              858,899 207 0.1% 62.7%                       858,899 62.7% 4.31600    
27.10 Property BSPRT 1 CVS - Evans, GA 09/27/2019             2,900,000 04/17/2019                         845,409              845,409 207 0.1% 62.7%                       845,409 62.7% 4.31600    
27.11 Property BSPRT 1 WAG - Henderson, KY 09/27/2019             2,450,000 08/16/2019                         739,733              739,733 207 0.1% 62.7%                       739,733 62.7% 4.31600    
27.12 Property BSPRT 1 CVS - Summerfield, NC 09/27/2019             2,525,000 04/16/2019                         735,236              735,236 207 0.1% 62.7%                       735,236 62.7% 4.31600    
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA 09/27/2019             2,000,000 04/18/2019                         602,579              602,579 207 0.1% 62.7%                       602,579 62.7% 4.31600    
28 Both Barclays 1 The Firebrand Hotel 09/07/2019          22,000,000 08/23/2019 No                 14,000,000        14,000,000 162,791 1.4% 63.6%                 11,081,213 50.4% 3.90000 0.01349 3.88651
29 Loan BSPRT 2 Delaware Retail Portfolio 09/01/2019          20,000,000 Various No                 13,600,000        13,600,000 121 1.4% 68.0%                 11,294,147 56.5% 4.06000 0.01349 4.04651
29.01 Property BSPRT 1 Cypress Hall Shopping Center 09/01/2019          10,400,000 08/22/2019                     7,072,000          7,072,000 121 0.7% 68.0%                    5,872,956 56.5% 4.06000    
29.02 Property BSPRT 1 Meadowood Shopping Center 09/01/2019             9,600,000 08/19/2019                     6,528,000          6,528,000 121 0.7% 68.0%                    5,421,191 56.5% 4.06000    
30 Both KeyBank 1 Providence Pavilion 09/04/2019          17,000,000 07/15/2019 No                 12,500,000        12,500,000 131 1.2% 73.5%                 10,818,326 63.6% 4.02000 0.02224 3.99776
31 Both KeyBank 1 Extra Space - McLean 07/31/2019          25,575,000 08/26/2019 No                 12,000,000        12,000,000 20,033 1.2% 46.9%                 12,000,000 46.9% 3.10000 0.02224 3.07776
32 Both Barclays 1 Residence Inn - Hoover, AL 07/31/2019          17,100,000 08/01/2019 No                 11,900,000        11,865,799 100,558 1.2% 69.4%                    9,391,544 54.9% 3.82000 0.01349 3.80651
33 Both BSPRT 1 Aloft Dulles North 08/31/2019          20,000,000 08/20/2019 No                 11,250,000        11,250,000 82,721 1.1% 56.3%                    9,064,584 45.3% 4.40000 0.01349 4.38651
34 Both RMF 1 Kohl’s Highland Heights 09/27/2019          16,250,000 07/18/2019 No                 11,100,000        11,100,000 138 1.1% 68.3%                 11,100,000 68.3% 4.90000 0.06224 4.83776
35 Both KeyBank 1 Paradise Foothills Apartments 08/07/2019          21,000,000 08/19/2019 No                 10,250,000        10,250,000 56,944 1.0% 48.8%                 10,250,000 48.8% 3.25000 0.02224 3.22776
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA 08/31/2019          15,600,000 08/09/2019 No                 10,250,000        10,235,174 111,252 1.0% 65.6%                    8,023,691 51.4% 3.60000 0.01349 3.58651
37 Both BSPRT 1 Beau Terre Apartments 09/11/2019          13,500,000 08/23/2019 No                   9,700,000          9,687,267 57,662 1.0% 71.8%                    7,722,771 57.2% 4.06000 0.07224 3.98776
38 Both Natixis 1 Westar Place 09/30/2019          12,600,000 08/20/2019 No                   9,375,000          9,375,000 100 0.9% 74.4%                    7,479,664 59.4% 4.12000 0.01349 4.10651
39 Both Barclays 1 Candlewood Suites - Terre Haute IN 07/31/2019          13,000,000 07/10/2019 No                   9,000,000          8,975,552 92,531 0.9% 69.0%                    7,177,997 55.2% 4.11000 0.01349 4.09651
40 Both Barclays 1 Hen House Marketplace 08/06/2019          10,900,000 08/13/2019 No                   8,175,000          8,175,000 92 0.8% 75.0%                    6,867,121 63.0% 3.90000 0.01349 3.88651
41 Both Barclays 1 North Plains Self Storage 08/31/2019          24,190,000 09/05/2019 No                   7,800,000          7,788,113 9,921 0.8% 32.2%                    6,046,792 25.0% 3.34500 0.01349 3.33151
42 Both Barclays 1 The Burgundy 09/19/2019          10,360,000 08/19/2019 No                   7,631,000          7,631,000 68,748 0.8% 73.7%                    6,555,433 63.3% 3.72000 0.06224 3.65776
43 Both KeyBank 1 Dollar Self Storage - Chandler 08/08/2019          13,400,000 08/09/2019 No                   7,250,000          7,238,963 10,054 0.7% 54.0%                    5,621,500 42.0% 3.35000 0.02224 3.32776
44 Both Barclays 1 Vineland Leased Fee 07/29/2019          18,960,000 08/01/2019 No                   6,500,000          6,500,000 205 0.6% 34.3%                    6,500,000 34.3% 3.47000 0.01349 3.45651
45 Both RMF 1 Stor & Go Self Storage 08/19/2019             9,400,000 08/12/2019 No                   6,400,000          6,400,000 11,594 0.6% 68.1%                    5,581,449 59.4% 4.34000 0.01349 4.32651
46 Both Barclays 1 Fairfield Inn - Calhoun, GA 07/31/2019             9,800,000 08/26/2019 No                   6,300,000          6,300,000 86,301 0.6% 64.3%                    5,047,803 51.5% 4.24000 0.01349 4.22651
47 Both Barclays 1 Oak Brook Apartments 10/10/2019             8,450,000 09/12/2019 No                   6,225,000          6,225,000 62,250 0.6% 73.7%                    5,196,432 61.5% 3.68300 0.01349 3.66951
48 Both SGFC 1 LA Fitness Spring 09/06/2019             9,900,000 09/05/2019 No                   5,750,000          5,750,000 169 0.6% 58.1%                    5,137,447 51.9% 4.37000 0.06349 4.30651
49 Loan Natixis 4 Vanguard Portfolio 11/07/2018        189,200,000 09/12/2018 No                   4,825,000          4,825,000 205 0.5% 61.8%                    4,825,000 61.8% 4.86000 0.01074 4.84926
49.01 Property Natixis 1 425 Old Morehall Road 11/07/2018          75,600,000 09/12/2018                     1,927,960          1,927,960 205 0.2% 61.8%                    1,927,960 61.8% 4.86000    
49.02 Property Natixis 1 1001 Cedar Hollow Road 11/07/2018          43,600,000 09/12/2018                     1,111,892          1,111,892 205 0.1% 61.8%                    1,111,892 61.8% 4.86000    
49.03 Property Natixis 1 50 Morehall Road 11/07/2018          35,000,000 09/12/2018                         892,574              892,574 205 0.1% 61.8%                       892,574 61.8% 4.86000    
49.04 Property Natixis 1 60 Morehall Road 11/07/2018          35,000,000 09/12/2018                         892,574              892,574 205 0.1% 61.8%                       892,574 61.8% 4.86000    
50 Both RMF 1 Xtra Room Self Storage 08/26/2019             6,410,000 08/28/2019 No                   4,200,000          4,200,000 10,474 0.4% 65.5%                    3,659,344 57.1% 4.30000 0.01349 4.28651
51 Both RMF 1 Marval Plaza 08/27/2019             5,860,000 08/09/2019 No                   3,750,000          3,750,000 238 0.4% 64.0%                    3,263,522 55.7% 4.25000 0.01349 4.23651
52 Both BSPRT 1 Brownsville Plaza 09/03/2019             3,600,000 07/22/2019 No                   2,550,000          2,546,995 75 0.3% 70.7%                    2,065,432 57.4% 4.55000 0.01349 4.53651
53 Both KeyBank 1 Lake Bluff Village 07/01/2019             3,300,000 09/11/2019 No                   2,386,000          2,386,000 23,860 0.2% 72.3%                    2,018,353 61.2% 4.15000 0.02224 4.12776
54 Both BSPRT 1 Sandstone Apartments 09/03/2019             3,170,000 05/22/2019 No                   2,288,000          2,282,306 49,615 0.2% 72.0%                    1,853,121 58.5% 4.55000 0.01349 4.53651
55 Both KeyBank 1 Bayfield MHP 07/31/2019             3,174,000 08/12/2019 No                   2,240,000          2,237,360 60,469 0.2% 70.5%                    1,814,340 57.2% 4.55000 0.02224 4.52776

 

A-1-4

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name 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 Remaining Amortization I/O Period Seasoning Amortization Type
1 Loan KeyBank 12 GNL Office and Industrial Portfolio Actual/360       203,538.19           2,442,458.28 09/12/2019 11/01/2019     120 119 0 0 120 1 Interest Only
1.01 Property KeyBank 1 Quest Diagnostics, Inc.                 120 119 0 0 120 1  
1.02 Property KeyBank 1 Encompass Health Corporation                 120 119 0 0 120 1  
1.03 Property KeyBank 1 AT&T Services, Inc.                 120 119 0 0 120 1  
1.04 Property KeyBank 1 Up Central Leasing LLC                 120 119 0 0 120 1  
1.05 Property KeyBank 1 ComDoc, Inc.                 120 119 0 0 120 1  
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.                 120 119 0 0 120 1  
1.07 Property KeyBank 1 EQT Gathering, LLC                 120 119 0 0 120 1  
1.08 Property KeyBank 1 Metal Technologies, Inc.                 120 119 0 0 120 1  
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC                 120 119 0 0 120 1  
1.10 Property KeyBank 1 Hanes Companies, Inc.                 120 119 0 0 120 1  
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.                 120 119 0 0 120 1  
1.12 Property KeyBank 1 Cummins, Inc.                 120 119 0 0 120 1  
2 Both SGFC 1 Presidential City Actual/360       133,003.03           1,596,036.36 09/06/2019 10/08/2019     120 118 0 0 120 2 Interest Only
3 Both Barclays 1 Ceasar’s Bay Shopping Center Actual/360       106,990.63           1,283,887.56 10/04/2019 11/06/2019     120 119 0 0 120 1 Interest Only
4 Both Natixis 1 NEMA San Francisco Actual/360       149,919.88           1,799,038.56 02/08/2019 03/10/2019     120 111 0 0 120 9 Interest Only
5 Both RMF 1 Equinix Data Center Actual/360       111,527.78           1,338,333.36 09/20/2019 11/06/2019     120 119 0 0 120 1 Interest Only
6 Loan KeyBank 32 Inland Life Storage Portfolio Actual/360       172,593.83           2,071,125.96 07/02/2019 09/01/2019 08/01/2022 09/01/2022 120 117 360 360 36 3 IO-Balloon
6.01 Property KeyBank 1 Life Storage - 586                 120 117 360 360 36 3  
6.02 Property KeyBank 1 Life Storage - 145                 120 117 360 360 36 3  
6.03 Property KeyBank 1 Life Storage - 364                 120 117 360 360 36 3  
6.04 Property KeyBank 1 Life Storage - 365                 120 117 360 360 36 3  
6.05 Property KeyBank 1 Life Storage - 212                 120 117 360 360 36 3  
6.06 Property KeyBank 1 Life Storage - 386                 120 117 360 360 36 3  
6.07 Property KeyBank 1 Life Storage - 256                 120 117 360 360 36 3  
6.08 Property KeyBank 1 Life Storage - 206                 120 117 360 360 36 3  
6.09 Property KeyBank 1 Life Storage - 324                 120 117 360 360 36 3  
6.10 Property KeyBank 1 Life Storage - 236                 120 117 360 360 36 3  
6.11 Property KeyBank 1 Life Storage - 184                 120 117 360 360 36 3  
6.12 Property KeyBank 1 Life Storage - 500                 120 117 360 360 36 3  
6.13 Property KeyBank 1 Life Storage - 288                 120 117 360 360 36 3  
6.14 Property KeyBank 1 Life Storage - 299                 120 117 360 360 36 3  
6.15 Property KeyBank 1 Life Storage - 209                 120 117 360 360 36 3  
6.16 Property KeyBank 1 Life Storage - 035                 120 117 360 360 36 3  
6.17 Property KeyBank 1 Life Storage - 074                 120 117 360 360 36 3  
6.18 Property KeyBank 1 Life Storage - 252                 120 117 360 360 36 3  
6.19 Property KeyBank 1 Life Storage - 033                 120 117 360 360 36 3  
6.20 Property KeyBank 1 Life Storage - 205                 120 117 360 360 36 3  
6.21 Property KeyBank 1 Life Storage - 300                 120 117 360 360 36 3  
6.22 Property KeyBank 1 Life Storage - 026                 120 117 360 360 36 3  
6.23 Property KeyBank 1 Life Storage - 361                 120 117 360 360 36 3  
6.24 Property KeyBank 1 Life Storage - 165                 120 117 360 360 36 3  
6.25 Property KeyBank 1 Life Storage - 208                 120 117 360 360 36 3  
6.26 Property KeyBank 1 Life Storage - 211                 120 117 360 360 36 3  
6.27 Property KeyBank 1 Life Storage - 021                 120 117 360 360 36 3  
6.28 Property KeyBank 1 Life Storage - 298                 120 117 360 360 36 3  
6.29 Property KeyBank 1 Life Storage - 297                 120 117 360 360 36 3  
6.30 Property KeyBank 1 Life Storage - 153                 120 117 360 360 36 3  
6.31 Property KeyBank 1 Life Storage - 075                 120 117 360 360 36 3  
6.32 Property KeyBank 1 Life Storage - 152                 120 117 360 360 36 3  
7 Both Natixis 1 Uline Arena Actual/360       122,883.33           1,474,599.96 07/29/2019 09/06/2019     120 117 0 0 120 3 Interest Only
8 Both Natixis 1 10000 Santa Monica Boulevard Actual/360       122,722.80           1,472,673.60 04/12/2019 06/06/2019     120 114 0 0 120 6 Interest Only
9 Both Natixis 1 765 Broad Street Actual/360       134,992.55           1,619,910.60 05/14/2019 07/05/2019     60 55 0 0 60 5 Interest Only
10 Both KeyBank 1 Rivertop Apartments Actual/360         87,577.19           1,050,926.28 10/04/2019 12/01/2019     120 120 0 0 120 0 Interest Only
11 Both KeyBank 1 Ocean Edge Resort & Golf Club Actual/360       138,934.68           1,667,216.16 09/06/2019 11/01/2019     120 119 360 359 0 1 Balloon
12 Both KeyBank 1 Loudoun Gateway II and III Actual/360         91,940.29           1,103,283.48 10/03/2019 12/01/2019     120 120 0 0 120 0 Interest Only
13 Both KeyBank 1 Village at Knapp’s Crossing Actual/360       130,375.97           1,564,511.64 10/10/2019 12/01/2019 11/01/2020 12/01/2020 120 120 360 360 12 0 IO-Balloon
14 Both Barclays 1 200 North Warner Road Actual/360       130,147.72           1,561,772.64 10/15/2019 12/06/2019 11/06/2024 12/06/2024 120 120 360 360 60 0 IO-Balloon
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 Actual/360         79,502.83              954,033.96 06/19/2019 08/06/2019     120 116 0 0 120 4 ARD-Interest Only
16 Loan RMF 2 Mr. D’s Self Storage Portfolio Actual/360         95,913.89           1,150,966.68 09/30/2019 11/06/2019     60 59 0 0 60 1 Interest Only
16.01 Property RMF 1 Bohemia Self Storage                 60 59 0 0 60 1  
16.02 Property RMF 1 Bay Shore Self Storage                 60 59 0 0 60 1  
17 Both Barclays 1 One Main Plaza Actual/360         75,847.34              910,168.08 08/08/2019 09/06/2019     120 117 0 0 120 3 Interest Only
18 Both SGFC 1 Crocs Distribution Center Actual/360       110,336.57           1,324,038.84 09/16/2019 11/01/2019 10/01/2024 11/01/2024 120 119 360 360 60 1 ARD-IO-Balloon
19 Both Natixis 1 Walgreens South Beach Actual/360         76,658.45              919,901.40 08/29/2019 10/05/2019     120 118 0 0 120 2 Interest Only
20 Both Natixis 1 SpringHill Suites Newark Actual/360       100,248.52           1,202,982.24 08/27/2019 10/05/2019 09/05/2020 10/05/2020 120 118 360 360 12 2 IO-Balloon
21 Both Barclays 1 Storage Etc. - Los Feliz Actual/360         47,179.63              566,155.56 10/02/2019 11/06/2019     120 119 0 0 120 1 Interest Only

 

A-1-5

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name 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 Remaining Amortization I/O Period Seasoning Amortization Type
22 Loan SGFC 2 Bison Portfolio Actual/360         96,994.80           1,163,937.60 08/14/2019 10/01/2019     60 58 360 358 0 2 Balloon
22.01 Property SGFC 1 Spring Creek                 60 58 360 358 0 2  
22.02 Property SGFC 1 Steele Crossing                 60 58 360 358 0 2  
23 Both SGFC 1 145 Spring Street Actual/360         64,711.46              776,537.52 09/18/2019 11/01/2019     120 119 0 0 120 1 Interest Only
24 Both KeyBank 1 North Heights Plaza Actual/360         92,248.94           1,106,987.28 10/09/2019 12/01/2019     120 120 300 300 0 0 Balloon
25 Both Barclays 1 Southchase Village Actual/360         52,744.78              632,937.36 09/05/2019 10/06/2019     120 118 0 0 120 2 Interest Only
26 Both Barclays 1 Scottsdale Gateway II Actual/360         81,653.79              979,845.48 10/17/2019 12/06/2019 11/06/2022 12/06/2022 120 120 360 360 36 0 IO-Balloon
27 Loan BSPRT 13 NMR Pharmacy Portfolio Actual/360         52,146.67              625,760.04 09/27/2019 11/06/2019     120 119 0 0 120 1 Interest Only
27.01 Property BSPRT 1 WAG - Knoxville, TN                 120 119 0 0 120 1  
27.02 Property BSPRT 1 WAG - Cincinnati, OH                 120 119 0 0 120 1  
27.03 Property BSPRT 1 WAG - Huntington, IN                 120 119 0 0 120 1  
27.04 Property BSPRT 1 CVS - Dublin, OH                 120 119 0 0 120 1  
27.05 Property BSPRT 1 CVS - Ashland, KY                 120 119 0 0 120 1  
27.06 Property BSPRT 1 WAG - Akron, OH                 120 119 0 0 120 1  
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH                 120 119 0 0 120 1  
27.08 Property BSPRT 1 CVS - Bristol, VA                 120 119 0 0 120 1  
27.09 Property BSPRT 1 CVS - Bristol, TN                 120 119 0 0 120 1  
27.10 Property BSPRT 1 CVS - Evans, GA                 120 119 0 0 120 1  
27.11 Property BSPRT 1 WAG - Henderson, KY                 120 119 0 0 120 1  
27.12 Property BSPRT 1 CVS - Summerfield, NC                 120 119 0 0 120 1  
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA                 120 119 0 0 120 1  
28 Both Barclays 1 The Firebrand Hotel Actual/360         66,033.55              792,402.60 10/18/2019 12/06/2019     120 120 360 360 0 0 Balloon
29 Loan BSPRT 2 Delaware Retail Portfolio Actual/360         65,399.79              784,797.48 09/18/2019 11/06/2019 03/06/2021 04/06/2021 120 119 360 360 17 1 IO-Balloon
29.01 Property BSPRT 1 Cypress Hall Shopping Center                 120 119 360 360 17 1  
29.02 Property BSPRT 1 Meadowood Shopping Center                 120 119 360 360 17 1  
30 Both KeyBank 1 Providence Pavilion Actual/360         59,821.13              717,853.56 09/11/2019 11/01/2019 10/01/2022 11/01/2022 120 119 360 360 36 1 IO-Balloon
31 Both KeyBank 1 Extra Space - McLean Actual/360         31,430.56              377,166.72 10/09/2019 12/01/2019     120 120 0 0 120 0 Interest Only
32 Both Barclays 1 Residence Inn - Hoover, AL Actual/360         55,584.50              667,014.00 09/06/2019 10/06/2019     120 118 360 358 0 2 Balloon
33 Both BSPRT 1 Aloft Dulles North Actual/360         56,335.60              676,027.20 10/18/2019 12/06/2019     120 120 360 360 0 0 Balloon
34 Both RMF 1 Kohl’s Highland Heights Actual/360         45,954.51              551,454.12 09/27/2019 11/06/2019     60 59 0 0 60 1 Interest Only
35 Both KeyBank 1 Paradise Foothills Apartments Actual/360         28,145.98              337,751.76 09/17/2019 11/01/2019     120 119 0 0 120 1 Interest Only
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA Actual/360         46,601.15              559,213.80 10/10/2019 11/06/2019     120 119 360 359 0 1 Balloon
37 Both BSPRT 1 Beau Terre Apartments Actual/360         46,645.44              559,745.28 09/26/2019 11/06/2019     120 119 360 359 0 1 Balloon
38 Both Natixis 1 Westar Place Actual/360         45,408.68              544,904.16 10/08/2019 12/05/2019     120 120 360 360 0 0 Balloon
39 Both Barclays 1 Candlewood Suites - Terre Haute IN Actual/360         43,540.08              522,480.96 08/30/2019 10/06/2019     120 118 360 358 0 2 Balloon
40 Both Barclays 1 Hen House Marketplace Actual/360         38,558.88              462,706.56 09/19/2019 11/06/2019 10/06/2021 11/06/2021 120 119 360 360 24 1 IO-Balloon
41 Both Barclays 1 North Plains Self Storage Actual/360         34,354.11              412,249.32 10/10/2019 11/06/2019     120 119 360 359 0 1 Balloon
42 Both Barclays 1 The Burgundy Actual/360         35,210.57              422,526.84 09/26/2019 11/06/2019 10/06/2022 11/06/2022 120 119 360 360 36 1 IO-Balloon
43 Both KeyBank 1 Dollar Self Storage - Chandler Actual/360         31,951.73              383,420.76 09/05/2019 11/01/2019     120 119 360 359 0 1 Balloon
44 Both Barclays 1 Vineland Leased Fee Actual/360         19,056.89              228,682.68 09/18/2019 11/06/2019     120 119 0 0 120 1 Interest Only
45 Both RMF 1 Stor & Go Self Storage Actual/360         31,822.27              381,867.24 08/29/2019 10/06/2019 09/06/2022 10/06/2022 120 118 360 360 36 2 IO-Balloon
46 Both Barclays 1 Fairfield Inn - Calhoun, GA Actual/360         30,955.34              371,464.08 10/17/2019 12/06/2019     120 120 360 360 0 0 Balloon
47 Both Barclays 1 Oak Brook Apartments Actual/360         28,592.79              343,113.48 10/10/2019 11/06/2019 10/06/2021 11/06/2021 120 119 360 360 24 1 IO-Balloon
48 Both SGFC 1 LA Fitness Spring Actual/360         28,691.95              344,303.40 09/06/2019 11/01/2019 10/01/2023 11/01/2023 120 119 360 360 48 1 ARD-IO-Balloon
49 Loan Natixis 4 Vanguard Portfolio Actual/360         19,812.66              237,751.92 11/07/2018 12/07/2018     120 108 0 0 120 12 Interest Only
49.01 Property Natixis 1 425 Old Morehall Road                 120 108 0 0 120 12  
49.02 Property Natixis 1 1001 Cedar Hollow Road                 120 108 0 0 120 12  
49.03 Property Natixis 1 50 Morehall Road                 120 108 0 0 120 12  
49.04 Property Natixis 1 60 Morehall Road                 120 108 0 0 120 12  
50 Both RMF 1 Xtra Room Self Storage Actual/360         20,784.60              249,415.20 10/15/2019 12/06/2019 11/06/2022 12/06/2022 120 120 360 360 36 0 IO-Balloon
51 Both RMF 1 Marval Plaza Actual/360         18,447.75              221,373.00 09/17/2019 11/06/2019 10/06/2022 11/06/2022 120 119 360 360 36 1 IO-Balloon
52 Both BSPRT 1 Brownsville Plaza Actual/360         12,996.34              155,956.08 09/20/2019 11/06/2019     120 119 360 359 0 1 Balloon
53 Both KeyBank 1 Lake Bluff Village Actual/360         11,598.43              139,181.16 10/07/2019 12/01/2019 11/01/2021 12/01/2021 120 120 360 360 24 0 IO-Balloon
54 Both BSPRT 1 Sandstone Apartments Actual/360         11,661.03              139,932.36 09/06/2019 10/06/2019     120 118 360 358 0 2 Balloon
55 Both KeyBank 1 Bayfield MHP Actual/360         11,416.40              136,996.80 09/25/2019 11/01/2019     120 119 360 359 0 1 Balloon

 

A-1-6

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Payment Date Grace Period
(Late Payment)		 Grace Period (Default) (10) Maturity/ARD Date ARD Loan(11) Final Maturity Date Prepayment Provisions(12) 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 ($)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio 1 0 5 10/01/2029 No 10/01/2029 L(25),Grtr1%orYM(91),O(4) Yes No                  66,000,000              138,000,000             204,000,000
1.01 Property KeyBank 1 Quest Diagnostics, Inc.                           
1.02 Property KeyBank 1 Encompass Health Corporation                           
1.03 Property KeyBank 1 AT&T Services, Inc.                           
1.04 Property KeyBank 1 Up Central Leasing LLC                           
1.05 Property KeyBank 1 ComDoc, Inc.                           
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.                           
1.07 Property KeyBank 1 EQT Gathering, LLC                           
1.08 Property KeyBank 1 Metal Technologies, Inc.                           
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC                           
1.10 Property KeyBank 1 Hanes Companies, Inc.                           
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.                           
1.12 Property KeyBank 1 Cummins, Inc.                           
2 Both SGFC 1 Presidential City 8 0 0 09/08/2029 No 09/08/2029 L(26),Def(90),O(4) Yes No                  45,000,000                72,000,000             117,000,000
3 Both Barclays 1 Ceasar’s Bay Shopping Center 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(88),O(7) Yes No                  42,000,000                45,500,000               87,500,000
4 Both Natixis 1 NEMA San Francisco 10 0 0 02/10/2029 No 02/10/2029 L(33),Def(83),O(4) Yes No                  40,000,000              165,000,000             205,000,000
5 Both RMF 1 Equinix Data Center 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) Yes No                  40,000,000                60,000,000             100,000,000
6 Loan KeyBank 32 Inland Life Storage Portfolio 1 0 0 08/01/2029 No 08/01/2029 L(25),Grtr1%orYM(92),O(3) Yes No                  37,000,000              102,100,000             139,100,000
6.01 Property KeyBank 1 Life Storage - 586                           
6.02 Property KeyBank 1 Life Storage - 145                           
6.03 Property KeyBank 1 Life Storage - 364                           
6.04 Property KeyBank 1 Life Storage - 365                           
6.05 Property KeyBank 1 Life Storage - 212                           
6.06 Property KeyBank 1 Life Storage - 386                           
6.07 Property KeyBank 1 Life Storage - 256                           
6.08 Property KeyBank 1 Life Storage - 206                           
6.09 Property KeyBank 1 Life Storage - 324                           
6.10 Property KeyBank 1 Life Storage - 236                           
6.11 Property KeyBank 1 Life Storage - 184                           
6.12 Property KeyBank 1 Life Storage - 500                           
6.13 Property KeyBank 1 Life Storage - 288                           
6.14 Property KeyBank 1 Life Storage - 299                           
6.15 Property KeyBank 1 Life Storage - 209                           
6.16 Property KeyBank 1 Life Storage - 035                           
6.17 Property KeyBank 1 Life Storage - 074                           
6.18 Property KeyBank 1 Life Storage - 252                           
6.19 Property KeyBank 1 Life Storage - 033                           
6.20 Property KeyBank 1 Life Storage - 205                           
6.21 Property KeyBank 1 Life Storage - 300                           
6.22 Property KeyBank 1 Life Storage - 026                           
6.23 Property KeyBank 1 Life Storage - 361                           
6.24 Property KeyBank 1 Life Storage - 165                           
6.25 Property KeyBank 1 Life Storage - 208                           
6.26 Property KeyBank 1 Life Storage - 211                           
6.27 Property KeyBank 1 Life Storage - 021                           
6.28 Property KeyBank 1 Life Storage - 298                           
6.29 Property KeyBank 1 Life Storage - 297                           
6.30 Property KeyBank 1 Life Storage - 153                           
6.31 Property KeyBank 1 Life Storage - 075                           
6.32 Property KeyBank 1 Life Storage - 152                           
7 Both Natixis 1 Uline Arena 6 0 0 08/06/2029 No 08/06/2029 Grtr1%orYM(27),DeforGrtr1%orYM(87),O(6) Yes No                  36,000,000                84,000,000             120,000,000
8 Both Natixis 1 10000 Santa Monica Boulevard 6 0 0 05/06/2029 No 05/06/2029 L(30),Def(86),O(4) Yes No                  35,000,000              185,000,000             220,000,000
9 Both Natixis 1 765 Broad Street 5 0 0 06/05/2024 No 06/05/2024 L(29),Def(26),O(5) No NAP         
10 Both KeyBank 1 Rivertop Apartments 1 0 0 11/01/2029 No 11/01/2029 L(24),Def(92),O(4) No NAP         
11 Both KeyBank 1 Ocean Edge Resort & Golf Club 1 0 5 10/01/2029 No 10/01/2029 L(25),Def(92),O(3) Yes No                  30,000,000                40,000,000               70,000,000
12 Both KeyBank 1 Loudoun Gateway II and III 1 0 0 11/01/2029 No 11/01/2029 L(24),Def(93),O(3) No NAP         
13 Both KeyBank 1 Village at Knapp’s Crossing 1 0 5 11/01/2029 No 11/01/2029 L(24),Def(90),O(6) No NAP         
14 Both Barclays 1 200 North Warner Road 6 0 0 11/06/2029 No 11/06/2029 L(24),Def(91),O(5) No NAP         
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 6 0 0 07/06/2029 Yes 06/06/2034 L(24),Grtr1%orYM(4),DeforGrtr1%orYM(85),O(7) Yes No                  25,000,000              325,000,000             350,000,000
16 Loan RMF 2 Mr. D’s Self Storage Portfolio 6 0 0 10/06/2024 No 10/06/2024 L(25),Def(31),O(4) No NAP         
16.01 Property RMF 1 Bohemia Self Storage                           
16.02 Property RMF 1 Bay Shore Self Storage                           
17 Both Barclays 1 One Main Plaza 6 0 0 08/06/2029 No 08/06/2029 L(27),Def(89),O(4) No NAP         
18 Both SGFC 1 Crocs Distribution Center 1 5 0 10/01/2029 Yes 09/01/2030 L(60),Grtr1%orYM(57),O(3) No NAP         
19 Both Natixis 1 Walgreens South Beach 5 0 0 09/05/2029 No 09/05/2029 L(26),Def(91),O(3) No NAP         
20 Both Natixis 1 SpringHill Suites Newark 5 0 0 09/05/2029 No 09/05/2029 L(26),Def(91),O(3) No NAP         
21 Both Barclays 1 Storage Etc. - Los Feliz 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         

 

A-1-7

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Payment Date Grace Period
(Late Payment)		 Grace Period (Default) (10) Maturity/ARD Date ARD Loan(11) Final Maturity Date Prepayment Provisions(12) 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 ($)
22 Loan SGFC 2 Bison Portfolio 1 0 0 09/01/2024 No 09/01/2024 L(26),Def(29),O(5) Yes No                  19,600,000                20,400,000               40,000,000
22.01 Property SGFC 1 Spring Creek                           
22.02 Property SGFC 1 Steele Crossing                           
23 Both SGFC 1 145 Spring Street 1 5 5 10/01/2029 No 10/01/2029 L(25),Def(90),O(5) No NAP         
24 Both KeyBank 1 North Heights Plaza 1 0 5 11/01/2029 No 11/01/2029 L(24),Def(90),O(6) No NAP         
25 Both Barclays 1 Southchase Village 6 0 0 09/06/2029 No 09/06/2029 L(26),Def(87),O(7) No NAP         
26 Both Barclays 1 Scottsdale Gateway II 6 0 0 11/06/2029 No 11/06/2029 L(24),Def(92),O(4) No NAP         
27 Loan BSPRT 13 NMR Pharmacy Portfolio 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) Yes No                  14,300,000                17,500,000               31,800,000
27.01 Property BSPRT 1 WAG - Knoxville, TN                           
27.02 Property BSPRT 1 WAG - Cincinnati, OH                           
27.03 Property BSPRT 1 WAG - Huntington, IN                           
27.04 Property BSPRT 1 CVS - Dublin, OH                           
27.05 Property BSPRT 1 CVS - Ashland, KY                           
27.06 Property BSPRT 1 WAG - Akron, OH                           
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH                           
27.08 Property BSPRT 1 CVS - Bristol, VA                           
27.09 Property BSPRT 1 CVS - Bristol, TN                           
27.10 Property BSPRT 1 CVS - Evans, GA                           
27.11 Property BSPRT 1 WAG - Henderson, KY                           
27.12 Property BSPRT 1 CVS - Summerfield, NC                           
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA                           
28 Both Barclays 1 The Firebrand Hotel 6 0 0 11/06/2029 No 11/06/2029 L(24),Def(92),O(4) No NAP         
29 Loan BSPRT 2 Delaware Retail Portfolio 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         
29.01 Property BSPRT 1 Cypress Hall Shopping Center                           
29.02 Property BSPRT 1 Meadowood Shopping Center                           
30 Both KeyBank 1 Providence Pavilion 1 0 0 10/01/2029 No 10/01/2029 L(25),Def(91),O(4) No NAP         
31 Both KeyBank 1 Extra Space - McLean 1 3 3 11/01/2029 No 11/01/2029 L(24),Def(93),O(3) No NAP         
32 Both Barclays 1 Residence Inn - Hoover, AL 6 0 0 09/06/2029 No 09/06/2029 L(26),Def(90),O(4) No NAP         
33 Both BSPRT 1 Aloft Dulles North 6 0 0 11/06/2029 No 11/06/2029 L(24),Def(92),O(4) No NAP         
34 Both RMF 1 Kohl’s Highland Heights 6 0 0 10/06/2024 No 10/06/2024 L(25),Def(31),O(4) No NAP         
35 Both KeyBank 1 Paradise Foothills Apartments 1 5 5 10/01/2029 No 10/01/2029 L(25),Grtr1%orYM(92),O(3) No NAP         
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(90),O(5) No NAP         
37 Both BSPRT 1 Beau Terre Apartments 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         
38 Both Natixis 1 Westar Place 5 0 0 11/05/2029 No 11/05/2029 L(24),Def(93),O(3) No NAP         
39 Both Barclays 1 Candlewood Suites - Terre Haute IN 6 0 0 09/06/2029 No 09/06/2029 L(24),Grtr1%orYM(92),O(4) No NAP         
40 Both Barclays 1 Hen House Marketplace 6 5 (Once per trailing 12-month period) 0 10/06/2029 No 10/06/2029 L(23),Grtr1%orYM(93),O(4) No NAP         
41 Both Barclays 1 North Plains Self Storage 6 0 0 10/06/2029 No 10/06/2029 L(24),Grtr1%orYM(92),O(4) No NAP         
42 Both Barclays 1 The Burgundy 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         
43 Both KeyBank 1 Dollar Self Storage - Chandler 1 5 5 10/01/2029 No 10/01/2029 L(25),Def(92),O(3) No NAP         
44 Both Barclays 1 Vineland Leased Fee 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         
45 Both RMF 1 Stor & Go Self Storage 6 0 0 09/06/2029 No 09/06/2029 L(26),Def(90),O(4) No NAP         
46 Both Barclays 1 Fairfield Inn - Calhoun, GA 6 0 0 11/06/2029 No 11/06/2029 L(24),Def(92),O(4) No NAP         
47 Both Barclays 1 Oak Brook Apartments 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         
48 Both SGFC 1 LA Fitness Spring 1 0 0 10/01/2029 Yes 09/01/2034 L(60),Grtr1%orYM(56),O(4) No NAP         
49 Loan Natixis 4 Vanguard Portfolio 7 0 0 11/07/2028 No 11/07/2028 L(36),Def(81),O(3) Yes No                    4,825,000              112,017,500             116,842,500
49.01 Property Natixis 1 425 Old Morehall Road                           
49.02 Property Natixis 1 1001 Cedar Hollow Road                           
49.03 Property Natixis 1 50 Morehall Road                           
49.04 Property Natixis 1 60 Morehall Road                           
50 Both RMF 1 Xtra Room Self Storage 6 0 0 11/06/2029 No 11/06/2029 L(24),Def(92),O(4) No NAP         
51 Both RMF 1 Marval Plaza 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         
52 Both BSPRT 1 Brownsville Plaza 6 0 0 10/06/2029 No 10/06/2029 L(25),Def(91),O(4) No NAP         
53 Both KeyBank 1 Lake Bluff Village 1 0 0 11/01/2029 No 11/01/2029 L(24),Def(93),O(3) No NAP         
54 Both BSPRT 1 Sandstone Apartments 6 0 0 09/06/2029 No 09/06/2029 L(26),Def(90),O(4) No NAP         
55 Both KeyBank 1 Bayfield MHP 1 0 0 10/01/2029 No 10/01/2029 L(25),Grtr1%orYM(92),O(3) No NAP         

 

A-1-8

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name  Total Current Balance Pari Passu Debt ($) Additional Debt Permitted (Y/N)(13) Additional Debt Exist (Y/N)(13) Additional Debt Type(s)(13)  Additional Debt Current Balance ($) Additional Debt Interest Rate %  Total Debt Current Balance ($) Total Debt UW NCF DSCR (x)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio                     204,000,000 No No NAP NAP NAP             204,000,000 2.60
1.01 Property KeyBank 1 Quest Diagnostics, Inc.                  
1.02 Property KeyBank 1 Encompass Health Corporation                  
1.03 Property KeyBank 1 AT&T Services, Inc.                  
1.04 Property KeyBank 1 Up Central Leasing LLC                  
1.05 Property KeyBank 1 ComDoc, Inc.                  
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.                  
1.07 Property KeyBank 1 EQT Gathering, LLC                  
1.08 Property KeyBank 1 Metal Technologies, Inc.                  
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC                  
1.10 Property KeyBank 1 Hanes Companies, Inc.                  
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.                  
1.12 Property KeyBank 1 Cummins, Inc.                  
2 Both SGFC 1 Presidential City                     117,000,000 No Yes B-Note ($100,600,000)/Senior Mezzanine Loan ($52,400,000)/Junior Mezzanine Loan ($20,000,000) 173,000,000 4.85904666780007             290,000,000 1.41
3 Both Barclays 1 Ceasar’s Bay Shopping Center                       87,500,000 Yes No NAP NAP NAP               87,500,000 3.61
4 Both Natixis 1 NEMA San Francisco                     205,000,000 No Yes A-B Note ($69,000,000)/B-1 Note ($60,000,000)/B-2 Note ($50,000,000) 179,000,000 4.98091057430983             384,000,000 1.15
5 Both RMF 1 Equinix Data Center                     100,000,000 No No NAP NAP NAP             100,000,000 2.44
6 Loan KeyBank 32 Inland Life Storage Portfolio                     139,100,000 Yes No NAP NAP NAP             139,100,000 1.68
6.01 Property KeyBank 1 Life Storage - 586                  
6.02 Property KeyBank 1 Life Storage - 145                  
6.03 Property KeyBank 1 Life Storage - 364                  
6.04 Property KeyBank 1 Life Storage - 365                  
6.05 Property KeyBank 1 Life Storage - 212                  
6.06 Property KeyBank 1 Life Storage - 386                  
6.07 Property KeyBank 1 Life Storage - 256                  
6.08 Property KeyBank 1 Life Storage - 206                  
6.09 Property KeyBank 1 Life Storage - 324                  
6.10 Property KeyBank 1 Life Storage - 236                  
6.11 Property KeyBank 1 Life Storage - 184                  
6.12 Property KeyBank 1 Life Storage - 500                  
6.13 Property KeyBank 1 Life Storage - 288                  
6.14 Property KeyBank 1 Life Storage - 299                  
6.15 Property KeyBank 1 Life Storage - 209                  
6.16 Property KeyBank 1 Life Storage - 035                  
6.17 Property KeyBank 1 Life Storage - 074                  
6.18 Property KeyBank 1 Life Storage - 252                  
6.19 Property KeyBank 1 Life Storage - 033                  
6.20 Property KeyBank 1 Life Storage - 205                  
6.21 Property KeyBank 1 Life Storage - 300                  
6.22 Property KeyBank 1 Life Storage - 026                  
6.23 Property KeyBank 1 Life Storage - 361                  
6.24 Property KeyBank 1 Life Storage - 165                  
6.25 Property KeyBank 1 Life Storage - 208                  
6.26 Property KeyBank 1 Life Storage - 211                  
6.27 Property KeyBank 1 Life Storage - 021                  
6.28 Property KeyBank 1 Life Storage - 298                  
6.29 Property KeyBank 1 Life Storage - 297                  
6.30 Property KeyBank 1 Life Storage - 153                  
6.31 Property KeyBank 1 Life Storage - 075                  
6.32 Property KeyBank 1 Life Storage - 152                  
7 Both Natixis 1 Uline Arena                     120,000,000 Yes No NAP NAP NAP             120,000,000 1.75
8 Both Natixis 1 10000 Santa Monica Boulevard                     220,000,000 No Yes A-B Note 130,000,000 4.15000             350,000,000 1.47
9 Both Natixis 1 765 Broad Street    No No NAP NAP NAP  NAP NAP
10 Both KeyBank 1 Rivertop Apartments    No No NAP NAP NAP  NAP NAP
11 Both KeyBank 1 Ocean Edge Resort & Golf Club                       69,901,861 No No NAP NAP NAP               69,901,861 2.15
12 Both KeyBank 1 Loudoun Gateway II and III    No No NAP NAP NAP  NAP NAP
13 Both KeyBank 1 Village at Knapp’s Crossing    No No NAP NAP NAP  NAP NAP
14 Both Barclays 1 200 North Warner Road    No No NAP NAP NAP  NAP NAP
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4                     350,000,000 No Yes B-Notes ($155,000,000)/Mezzanine Loan ($85,000,000) 240,000,000 4.46728458333333             590,000,000 1.91
16 Loan RMF 2 Mr. D’s Self Storage Portfolio    Yes No NAP NAP NAP  NAP NAP
16.01 Property RMF 1 Bohemia Self Storage                  
16.02 Property RMF 1 Bay Shore Self Storage                  
17 Both Barclays 1 One Main Plaza    No No NAP NAP NAP  NAP NAP
18 Both SGFC 1 Crocs Distribution Center    No No NAP NAP NAP  NAP NAP
19 Both Natixis 1 Walgreens South Beach    Yes No NAP NAP NAP  NAP NAP
20 Both Natixis 1 SpringHill Suites Newark    No No NAP NAP NAP  NAP NAP
21 Both Barclays 1 Storage Etc. - Los Feliz    Yes No NAP NAP NAP  NAP NAP

 

A-1-9

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name  Total Current Balance Pari Passu Debt ($) Additional Debt Permitted (Y/N)(13) Additional Debt Exist (Y/N)(13) Additional Debt Type(s)(13)  Additional Debt Current Balance ($) Additional Debt Interest Rate %  Total Debt Current Balance ($) Total Debt UW NCF DSCR (x)
22 Loan SGFC 2 Bison Portfolio                       39,895,345 No No NAP NAP NAP               39,895,345 1.82
22.01 Property SGFC 1 Spring Creek                  
22.02 Property SGFC 1 Steele Crossing                  
23 Both SGFC 1 145 Spring Street    No Yes Mezzanine 2,500,000 10.25000               21,000,000 1.15
24 Both KeyBank 1 North Heights Plaza    Yes No NAP NAP NAP  NAP NAP
25 Both Barclays 1 Southchase Village    No No NAP NAP NAP  NAP NAP
26 Both Barclays 1 Scottsdale Gateway II    No No NAP NAP NAP  NAP NAP
27 Loan BSPRT 13 NMR Pharmacy Portfolio                       31,800,000 No Yes Mezzanine 8,500,000 11.00000               40,300,000 1.17
27.01 Property BSPRT 1 WAG - Knoxville, TN                  
27.02 Property BSPRT 1 WAG - Cincinnati, OH                  
27.03 Property BSPRT 1 WAG - Huntington, IN                  
27.04 Property BSPRT 1 CVS - Dublin, OH                  
27.05 Property BSPRT 1 CVS - Ashland, KY                  
27.06 Property BSPRT 1 WAG - Akron, OH                  
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH                  
27.08 Property BSPRT 1 CVS - Bristol, VA                  
27.09 Property BSPRT 1 CVS - Bristol, TN                  
27.10 Property BSPRT 1 CVS - Evans, GA                  
27.11 Property BSPRT 1 WAG - Henderson, KY                  
27.12 Property BSPRT 1 CVS - Summerfield, NC                  
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA                  
28 Both Barclays 1 The Firebrand Hotel    No No NAP NAP NAP  NAP NAP
29 Loan BSPRT 2 Delaware Retail Portfolio    No No NAP NAP NAP  NAP NAP
29.01 Property BSPRT 1 Cypress Hall Shopping Center                  
29.02 Property BSPRT 1 Meadowood Shopping Center                  
30 Both KeyBank 1 Providence Pavilion    No No NAP NAP NAP  NAP NAP
31 Both KeyBank 1 Extra Space - McLean    No No NAP NAP NAP  NAP NAP
32 Both Barclays 1 Residence Inn - Hoover, AL    No No NAP NAP NAP  NAP NAP
33 Both BSPRT 1 Aloft Dulles North    No No NAP NAP NAP  NAP NAP
34 Both RMF 1 Kohl’s Highland Heights    No No NAP NAP NAP  NAP NAP
35 Both KeyBank 1 Paradise Foothills Apartments    Yes No NAP NAP NAP  NAP NAP
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA    Yes No NAP NAP NAP  NAP NAP
37 Both BSPRT 1 Beau Terre Apartments    No No NAP NAP NAP  NAP NAP
38 Both Natixis 1 Westar Place    No No NAP NAP NAP  NAP NAP
39 Both Barclays 1 Candlewood Suites - Terre Haute IN    No No NAP NAP NAP  NAP NAP
40 Both Barclays 1 Hen House Marketplace    No No NAP NAP NAP  NAP NAP
41 Both Barclays 1 North Plains Self Storage    No No NAP NAP NAP  NAP NAP
42 Both Barclays 1 The Burgundy    No No NAP NAP NAP  NAP NAP
43 Both KeyBank 1 Dollar Self Storage - Chandler    No No NAP NAP NAP  NAP NAP
44 Both Barclays 1 Vineland Leased Fee    No No NAP NAP NAP  NAP NAP
45 Both RMF 1 Stor & Go Self Storage    Yes No NAP NAP NAP  NAP NAP
46 Both Barclays 1 Fairfield Inn - Calhoun, GA    No No NAP NAP NAP  NAP NAP
47 Both Barclays 1 Oak Brook Apartments    No No NAP NAP NAP  NAP NAP
48 Both SGFC 1 LA Fitness Spring    No No NAP NAP NAP  NAP NAP
49 Loan Natixis 4 Vanguard Portfolio                     116,842,500 No Yes B-Note 12,982,500 9.05000             129,825,000 1.68
49.01 Property Natixis 1 425 Old Morehall Road                  
49.02 Property Natixis 1 1001 Cedar Hollow Road                  
49.03 Property Natixis 1 50 Morehall Road                  
49.04 Property Natixis 1 60 Morehall Road                  
50 Both RMF 1 Xtra Room Self Storage    Yes No NAP NAP NAP  NAP NAP
51 Both RMF 1 Marval Plaza    No No NAP NAP NAP  NAP NAP
52 Both BSPRT 1 Brownsville Plaza    No No NAP NAP NAP  NAP NAP
53 Both KeyBank 1 Lake Bluff Village    No No NAP NAP NAP  NAP NAP
54 Both BSPRT 1 Sandstone Apartments    No No NAP NAP NAP  NAP NAP
55 Both KeyBank 1 Bayfield MHP    No No NAP NAP NAP  NAP NAP

 

A-1-10

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name 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)(14)		 U/W NCF
DSCR (x)(14)		 U/W Economic Occupancy (%) U/W Revenues ($)(15)  U/W Expenses ($)  U/W Net Operating Income ($) U/W Capital Items ($)(16)  U/W Net Cash Flow ($)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio 55.1% 10.6% 10.6% 9.6% 2.86 2.60 93.1% 30,087,669 8,504,333 21,583,336 1,946,828 19,636,508
1.01 Property KeyBank 1 Quest Diagnostics, Inc.             92.2% 8,175,080 2,512,682 5,662,397 429,626 5,232,771
1.02 Property KeyBank 1 Encompass Health Corporation             95.0% 6,543,704 2,370,142 4,173,562 278,538 3,895,024
1.03 Property KeyBank 1 AT&T Services, Inc.             91.3% 5,280,885 1,031,176 4,249,709 389,181 3,860,528
1.04 Property KeyBank 1 Up Central Leasing LLC             92.5% 1,471,241 340,243 1,130,998 109,923 1,021,075
1.05 Property KeyBank 1 ComDoc, Inc.             95.0% 1,701,664 586,675 1,114,989 86,016 1,028,973
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.             93.8% 1,583,858 469,084 1,114,774 85,448 1,029,326
1.07 Property KeyBank 1 EQT Gathering, LLC             93.0% 1,269,968 341,567 928,401 65,986 862,415
1.08 Property KeyBank 1 Metal Technologies, Inc.             92.5% 874,187 129,351 744,837 82,384 662,452
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC             92.0% 935,275 177,122 758,153 104,812 653,341
1.10 Property KeyBank 1 Hanes Companies, Inc.             95.0% 872,060 215,774 656,286 226,318 429,968
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.             95.9% 783,125 164,948 618,177 52,480 565,697
1.12 Property KeyBank 1 Cummins, Inc.             92.5% 596,622 165,570 431,053 36,115 394,938
2 Both SGFC 1 Presidential City 76.3% 6.3% 15.5% 15.3% 4.38 4.30 94.0% 24,916,379 6,760,701 18,155,679 303,813 17,851,866
3 Both Barclays 1 Ceasar’s Bay Shopping Center 51.5% 11.6% 11.6% 11.0% 3.81 3.61 95.0% 15,626,531 5,441,084 10,185,447 540,181 9,645,265
4 Both Natixis 1 NEMA San Francisco 70.6% 5.5% 10.3% 10.2% 2.29 2.27 94.0% 35,118,992 13,967,383 21,151,609 178,684 20,972,925
5 Both RMF 1 Equinix Data Center 49.8% 8.2% 8.2% 8.2% 2.44 2.44 100.0% 8,170,147 0 8,170,147 0 8,170,147
6 Loan KeyBank 32 Inland Life Storage Portfolio 61.8% 9.5% 9.5% 9.4% 1.70 1.68 84.1% 21,860,451 8,604,656 13,255,794 210,853 13,044,942
6.01 Property KeyBank 1 Life Storage - 586             86.6% 1,371,838 352,371 1,019,467 14,508 1,004,959
6.02 Property KeyBank 1 Life Storage - 145             89.4% 1,206,363 475,170 731,194 10,133 721,061
6.03 Property KeyBank 1 Life Storage - 364             87.9% 1,132,189 307,323 824,866 10,472 814,394
6.04 Property KeyBank 1 Life Storage - 365             87.2% 1,056,886 269,654 787,232 7,578 779,654
6.05 Property KeyBank 1 Life Storage - 212             81.1% 973,042 298,483 674,559 7,328 667,231
6.06 Property KeyBank 1 Life Storage - 386             89.4% 1,056,555 458,166 598,388 9,997 588,391
6.07 Property KeyBank 1 Life Storage - 256             90.3% 896,476 343,580 552,896 7,167 545,729
6.08 Property KeyBank 1 Life Storage - 206             87.4% 902,153 379,768 522,385 8,725 513,660
6.09 Property KeyBank 1 Life Storage - 324             81.0% 885,487 300,853 584,634 11,033 573,602
6.10 Property KeyBank 1 Life Storage - 236             77.8% 866,329 330,016 536,313 8,931 527,382
6.11 Property KeyBank 1 Life Storage - 184             89.6% 759,633 262,293 497,340 6,037 491,303
6.12 Property KeyBank 1 Life Storage - 500             86.5% 787,337 369,632 417,705 4,858 412,847
6.13 Property KeyBank 1 Life Storage - 288             87.2% 722,836 285,912 436,924 7,595 429,329
6.14 Property KeyBank 1 Life Storage - 299             78.6% 693,963 292,625 401,338 6,758 394,580
6.15 Property KeyBank 1 Life Storage - 209             83.9% 684,576 242,116 442,461 5,348 437,113
6.16 Property KeyBank 1 Life Storage - 035             80.9% 685,459 299,282 386,177 6,720 379,457
6.17 Property KeyBank 1 Life Storage - 074             83.3% 646,409 246,760 399,649 6,523 393,126
6.18 Property KeyBank 1 Life Storage - 252             88.0% 614,654 265,261 349,393 6,147 343,246
6.19 Property KeyBank 1 Life Storage - 033             84.8% 593,198 263,866 329,332 5,675 323,657
6.20 Property KeyBank 1 Life Storage - 205             78.1% 520,767 202,127 318,640 5,750 312,890
6.21 Property KeyBank 1 Life Storage - 300             77.8% 568,362 263,257 305,105 5,429 299,676
6.22 Property KeyBank 1 Life Storage - 026             87.1% 539,582 258,616 280,965 6,080 274,886
6.23 Property KeyBank 1 Life Storage - 361             88.9% 506,435 220,828 285,607 4,415 281,192
6.24 Property KeyBank 1 Life Storage - 165             90.1% 441,216 191,693 249,523 5,639 243,884
6.25 Property KeyBank 1 Life Storage - 208             77.5% 391,623 162,060 229,563 5,662 223,901
6.26 Property KeyBank 1 Life Storage - 211             79.1% 441,950 259,156 182,795 4,520 178,275
6.27 Property KeyBank 1 Life Storage - 021             60.7% 441,743 217,467 224,276 4,667 219,609
6.28 Property KeyBank 1 Life Storage - 298             84.6% 355,058 160,484 194,575 3,703 190,872
6.29 Property KeyBank 1 Life Storage - 297             79.9% 294,168 148,767 145,401 3,160 142,241
6.30 Property KeyBank 1 Life Storage - 153             84.4% 282,401 160,402 121,998 3,288 118,711
6.31 Property KeyBank 1 Life Storage - 075             76.1% 292,944 170,352 122,592 3,836 118,756
6.32 Property KeyBank 1 Life Storage - 152             85.4% 248,817 146,316 102,502 3,175 99,327
7 Both Natixis 1 Uline Arena 56.6% 7.4% 7.4% 7.2% 1.81 1.75 91.9% 13,322,582 4,431,507 8,891,075 273,219 8,617,856
8 Both Natixis 1 10000 Santa Monica Boulevard 63.3% 6.2% 9.9% 9.8% 2.35 2.34 86.9% 41,869,092 20,152,705 21,716,388 56,200 21,660,188
9 Both Natixis 1 765 Broad Street NAP NAP 9.1% 9.0% 1.91 1.88 95.0% 4,471,039 1,380,565 3,090,474 48,996 3,041,478
10 Both KeyBank 1 Rivertop Apartments NAP NAP 8.6% 8.4% 2.56 2.52 89.5% 4,162,557 1,471,622 2,690,935 44,800 2,646,135
11 Both KeyBank 1 Ocean Edge Resort & Golf Club 51.6% 14.0% 14.0% 11.9% 2.52 2.15 41.5% 34,716,217 24,920,254 9,795,963 1,450,357 8,345,606
12 Both KeyBank 1 Loudoun Gateway II and III NAP NAP 9.9% 8.2% 2.64 2.19 85.0% 4,661,997 1,751,031 2,910,966 495,953 2,415,012
13 Both KeyBank 1 Village at Knapp’s Crossing NAP NAP 10.2% 9.6% 1.86 1.75 89.5% 3,943,498 1,036,596 2,906,902 164,650 2,742,252
14 Both Barclays 1 200 North Warner Road NAP NAP 9.9% 9.2% 1.74 1.61 83.0% 4,161,037 1,449,007 2,712,030 201,105 2,510,925
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 74.7% 7.9% 13.2% 13.2% 3.47 3.46 97.5% 57,629,637 11,259,997 46,369,641 145,025 46,224,616
16 Loan RMF 2 Mr. D’s Self Storage Portfolio NAP NAP 8.9% 8.7% 1.85 1.82 80.6% 3,060,202 932,174 2,128,029 34,284 2,093,745
16.01 Property RMF 1 Bohemia Self Storage             83.7% 2,111,369 584,380 1,526,988 23,026 1,503,963
16.02 Property RMF 1 Bay Shore Self Storage             74.6% 948,833 347,793 601,040 11,258 589,783
17 Both Barclays 1 One Main Plaza NAP NAP 9.3% 8.8% 2.40 2.26 90.1% 3,205,674 1,022,961 2,182,713 121,696 2,061,017
18 Both SGFC 1 Crocs Distribution Center NAP NAP 9.0% 8.5% 1.56 1.48 95.0% 2,343,699 271,939 2,071,760 112,746 1,959,014
19 Both Natixis 1 Walgreens South Beach NAP NAP 7.2% 7.2% 1.65 1.65 97.0% 2,064,057 541,719 1,522,338 0 1,522,338
20 Both Natixis 1 SpringHill Suites Newark NAP NAP 10.3% 9.3% 1.76 1.59 70.9% 5,172,801 3,055,719 2,117,082 206,912 1,910,170
21 Both Barclays 1 Storage Etc. - Los Feliz NAP NAP 26.7% 26.5% 9.43 9.38 88.3% 6,567,085 1,225,953 5,341,132 31,153 5,309,980

 

A-1-11

 

 

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

 

Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name 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)(14)		 U/W NCF
DSCR (x)(14)		 U/W Economic Occupancy (%) U/W Revenues ($)(15)  U/W Expenses ($)  U/W Net Operating Income ($) U/W Capital Items ($)(16)  U/W Net Cash Flow ($)
22 Loan SGFC 2 Bison Portfolio 70.5% 11.5% 11.5% 10.8% 1.94 1.82 94.7% 5,667,127 1,068,769 4,598,358 278,534 4,319,823
22.01 Property SGFC 1 Spring Creek             94.6% 4,438,055 776,104 3,661,950 182,706 3,479,245
22.02 Property SGFC 1 Steele Crossing             95.0% 1,229,072 292,665 936,407 95,829 840,578
23 Both SGFC 1 145 Spring Street 76.1% 5.7% 6.5% 6.4% 1.54 1.53 97.2% 1,526,660 328,429 1,198,231 7,036 1,191,195
24 Both KeyBank 1 North Heights Plaza NAP NAP 10.8% 9.8% 1.78 1.63 92.5% 2,990,033 1,016,212 1,973,821 173,241 1,800,580
25 Both Barclays 1 Southchase Village NAP NAP 12.2% 11.4% 3.18 2.98 83.7% 2,832,829 818,517 2,014,312 128,046 1,886,266
26 Both Barclays 1 Scottsdale Gateway II NAP NAP 9.3% 8.4% 1.57 1.41 90.8% 2,468,828 931,671 1,537,157 153,222 1,383,935
27 Loan BSPRT 13 NMR Pharmacy Portfolio 79.5% 7.0% 8.9% 8.6% 2.02 1.96 96.7% 2,931,161 113,838 2,817,323 85,533 2,731,790
27.01 Property BSPRT 1 WAG - Knoxville, TN             98.0% 518,420 20,022 498,398 0 498,398
27.02 Property BSPRT 1 WAG - Cincinnati, OH             95.0% 346,750 13,596 333,154 18,695 314,460
27.03 Property BSPRT 1 WAG - Huntington, IN             95.0% 303,525 11,901 291,624 19,514 272,110
27.04 Property BSPRT 1 CVS - Dublin, OH             98.0% 201,410 7,779 193,631 0 193,631
27.05 Property BSPRT 1 CVS - Ashland, KY             98.0% 197,776 7,638 190,138 0 190,138
27.06 Property BSPRT 1 WAG - Akron, OH             95.0% 214,180 8,398 205,783 17,417 188,365
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH             95.0% 245,278 9,513 235,764 14,424 221,340
27.08 Property BSPRT 1 CVS - Bristol, VA             98.0% 155,582 6,009 149,573 0 149,573
27.09 Property BSPRT 1 CVS - Bristol, TN             98.0% 159,330 6,153 153,177 0 153,177
27.10 Property BSPRT 1 CVS - Evans, GA             98.0% 154,962 5,985 148,977 0 148,977
27.11 Property BSPRT 1 WAG - Henderson, KY             98.0% 156,800 6,056 150,744 0 150,744
27.12 Property BSPRT 1 CVS - Summerfield, NC             98.0% 129,747 5,011 124,736 0 124,736
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA             95.0% 147,402 5,779 141,623 15,482 126,140
28 Both Barclays 1 The Firebrand Hotel NAP NAP 14.5% 13.2% 2.56 2.33 75.6% 4,521,608 2,490,768 2,030,839 180,864 1,849,975
29 Loan BSPRT 2 Delaware Retail Portfolio NAP NAP 10.6% 9.9% 1.83 1.71 92.3% 1,821,666 382,573 1,439,093 95,928 1,343,166
29.01 Property BSPRT 1 Cypress Hall Shopping Center             87.9% 966,159 225,179 740,980 67,595 673,386
29.02 Property BSPRT 1 Meadowood Shopping Center             97.9% 855,507 157,394 698,113 28,333 669,780
30 Both KeyBank 1 Providence Pavilion NAP NAP 9.2% 8.4% 1.61 1.45 90.8% 1,616,386 460,849 1,155,537 111,764 1,043,772
31 Both KeyBank 1 Extra Space - McLean NAP NAP 10.8% 10.7% 3.42 3.41 90.3% 1,784,168 493,823 1,290,345 5,431 1,284,914
32 Both Barclays 1 Residence Inn - Hoover, AL NAP NAP 14.3% 12.8% 2.54 2.28 85.5% 4,304,749 2,612,310 1,692,439 172,190 1,520,249
33 Both BSPRT 1 Aloft Dulles North NAP NAP 12.1% 10.7% 2.02 1.78 75.8% 4,078,878 2,713,384 1,365,494 163,155 1,202,339
34 Both RMF 1 Kohl’s Highland Heights NAP NAP 8.9% 8.8% 1.79 1.77 100.0% 1,008,656 20,370 988,286 12,056 976,230
35 Both KeyBank 1 Paradise Foothills Apartments NAP NAP 10.7% 10.3% 3.25 3.12 92.0% 1,895,341 797,820 1,097,521 45,000 1,052,521
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA NAP NAP 14.4% 13.2% 2.64 2.41 77.5% 3,226,896 1,748,588 1,478,308 129,076 1,349,232
37 Both BSPRT 1 Beau Terre Apartments NAP NAP 9.6% 9.2% 1.66 1.59 93.8% 1,611,966 682,498 929,468 42,000 887,468
38 Both Natixis 1 Westar Place NAP NAP 11.7% 8.8% 2.01 1.51 94.0% 2,121,853 1,027,371 1,094,481 270,270 824,212
39 Both Barclays 1 Candlewood Suites - Terre Haute IN NAP NAP 11.0% 9.8% 1.88 1.69 78.5% 2,583,634 1,598,761 984,873 103,345 881,528
40 Both Barclays 1 Hen House Marketplace NAP NAP 9.1% 8.2% 1.61 1.46 95.0% 1,234,750 489,807 744,942 71,560 673,382
41 Both Barclays 1 North Plains Self Storage NAP NAP 20.2% 19.8% 3.81 3.75 89.3% 2,075,607 505,720 1,569,888 24,894 1,544,994
42 Both Barclays 1 The Burgundy NAP NAP 9.1% 8.8% 1.65 1.58 93.8% 1,403,037 706,939 696,098 27,750 668,348
43 Both KeyBank 1 Dollar Self Storage - Chandler NAP NAP 9.8% 9.7% 1.85 1.82 84.7% 1,129,943 420,792 709,150 10,485 698,666
44 Both Barclays 1 Vineland Leased Fee NAP NAP 13.2% 12.6% 3.76 3.57 95.0% 1,186,414 326,236 860,178 43,837 816,341
45 Both RMF 1 Stor & Go Self Storage NAP NAP 9.1% 8.9% 1.52 1.49 86.7% 818,858 239,138 579,720 9,791 569,929
46 Both Barclays 1 Fairfield Inn - Calhoun, GA NAP NAP 13.5% 12.1% 2.29 2.06 74.9% 2,196,318 1,344,974 851,343 87,853 763,491
47 Both Barclays 1 Oak Brook Apartments NAP NAP 9.0% 8.6% 1.63 1.56 93.2% 931,810 371,016 560,795 25,000 535,795
48 Both SGFC 1 LA Fitness Spring NAP NAP 9.9% 9.4% 1.66 1.58 95.0% 587,813 17,634 570,178 27,369 542,809
49 Loan Natixis 4 Vanguard Portfolio 68.6% 9.0% 10.1% 10.0% 2.04 2.03 95.0% 13,837,018 2,090,411 11,746,607 85,299 11,661,308
49.01 Property Natixis 1 425 Old Morehall Road             95.0% 5,287,296 858,753 4,428,543 30,249 4,398,295
49.02 Property Natixis 1 1001 Cedar Hollow Road             95.0% 3,285,766 513,296 2,772,470 19,950 2,752,520
49.03 Property Natixis 1 50 Morehall Road             95.0% 2,623,142 359,005 2,264,137 17,550 2,246,587
49.04 Property Natixis 1 60 Morehall Road             95.0% 2,640,814 359,358 2,281,456 17,550 2,263,906
50 Both RMF 1 Xtra Room Self Storage NAP NAP 9.6% 9.3% 1.61 1.57 95.0% 644,009 242,732 401,277 8,843 392,435
51 Both RMF 1 Marval Plaza NAP NAP 10.0% 9.6% 1.70 1.62 95.0% 472,255 95,902 376,353 18,155 358,198
52 Both BSPRT 1 Brownsville Plaza NAP NAP 10.4% 9.5% 1.70 1.55 96.1% 570,580 304,834 265,746 23,727 242,019
53 Both KeyBank 1 Lake Bluff Village NAP NAP 8.7% 8.5% 1.49 1.46 91.5% 327,216 119,337 207,879 5,000 202,879
54 Both BSPRT 1 Sandstone Apartments NAP NAP 10.6% 10.1% 1.72 1.64 95.0% 425,409 184,429 240,979 11,500 229,479
55 Both KeyBank 1 Bayfield MHP NAP NAP 8.5% 8.4% 1.38 1.37 95.0% 267,597 77,892 189,705 1,850 187,855

 

A-1-12

 

 

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

 

          HISTORICAL FINANCIALS(17)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name  Most Recent Revenues ($)  Most Recent Expenses ($)  Most Recent NOI ($) As of  2018 Revenues ($)  2018 Expenses ($)  2018
NOI ($) 		 2017 Revenues ($)  2017 Expenses ($)  2017
NOI ($) 		 2016 Revenues ($)  2016 Expenses ($)  2016
NOI ($)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio NAV NAV NAV NAV                  
1.01 Property KeyBank 1 Quest Diagnostics, Inc. NAV NAV NAV NAV                  
1.02 Property KeyBank 1 Encompass Health Corporation NAV NAV NAV NAV                  
1.03 Property KeyBank 1 AT&T Services, Inc. NAV NAV NAV NAV                  
1.04 Property KeyBank 1 Up Central Leasing LLC NAV NAV NAV NAV                  
1.05 Property KeyBank 1 ComDoc, Inc. NAV NAV NAV NAV                  
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc. NAV NAV NAV NAV                  
1.07 Property KeyBank 1 EQT Gathering, LLC NAV NAV NAV NAV                  
1.08 Property KeyBank 1 Metal Technologies, Inc. NAV NAV NAV NAV                  
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC NAV NAV NAV NAV                  
1.10 Property KeyBank 1 Hanes Companies, Inc. NAV NAV NAV NAV                  
1.11 Property KeyBank 1 FedEx Ground Package System, Inc. NAV NAV NAV NAV                  
1.12 Property KeyBank 1 Cummins, Inc. NAV NAV NAV NAV                  
2 Both SGFC 1 Presidential City 22,608,237 6,582,815 16,025,422 TTM 06/30/2019                  
3 Both Barclays 1 Ceasar’s Bay Shopping Center 10,014,576 4,742,222 5,272,354 TTM 06/30/2019 9,146,443 4,699,736 4,446,707 8,838,833 4,554,112 4,284,721 9,191,225 3,816,787 5,374,439
4 Both Natixis 1 NEMA San Francisco NAV NAV NAV NAV 34,344,985 13,864,586 20,480,399 34,416,229 13,674,751 20,741,478 34,609,801 13,996,824 20,612,978
5 Both RMF 1 Equinix Data Center NAV NAV NAV NAV 6,687,602 0 6,687,602 6,678,724 0 6,678,724 6,456,324 0 6,456,324
6 Loan KeyBank 32 Inland Life Storage Portfolio 21,860,443 7,008,221 14,852,222 TTM 05/31/2019 21,574,377 6,879,947 14,694,430 21,626,532 6,998,459 14,628,073 21,420,806 6,716,224 14,704,582
6.01 Property KeyBank 1 Life Storage - 586 1,371,838 280,662 1,091,176 TTM 05/31/2019 1,317,528 277,861 1,039,667 1,282,191 274,667 1,007,524 592,307 150,425 441,882
6.02 Property KeyBank 1 Life Storage - 145 1,206,363 364,414 841,949 TTM 05/31/2019 1,214,442 360,522 853,920 1,244,299 363,404 880,895 1,267,566 339,084 928,482
6.03 Property KeyBank 1 Life Storage - 364 1,132,189 246,846 885,343 TTM 05/31/2019 1,113,268 256,114 857,154 1,098,364 244,883 853,481 1,075,753 233,263 842,490
6.04 Property KeyBank 1 Life Storage - 365 1,056,886 212,266 844,620 TTM 05/31/2019 1,036,865 214,069 822,796 995,871 219,283 776,588 1,027,769 213,303 814,466
6.05 Property KeyBank 1 Life Storage - 212 973,042 205,454 767,588 TTM 05/31/2019 963,216 198,184 765,032 1,008,733 208,326 800,407 1,064,892 218,134 846,758
6.06 Property KeyBank 1 Life Storage - 386 1,056,555 392,987 663,568 TTM 05/31/2019 1,054,597 379,656 674,941 1,018,767 358,871 659,896 1,000,169 349,404 650,765
6.07 Property KeyBank 1 Life Storage - 256 896,476 254,477 641,999 TTM 05/31/2019 890,575 248,777 641,798 852,468 240,624 611,844 867,763 246,760 621,003
6.08 Property KeyBank 1 Life Storage - 206 902,153 319,962 582,191 TTM 05/31/2019 907,393 305,274 602,119 971,159 309,731 661,428 1,015,738 309,191 706,547
6.09 Property KeyBank 1 Life Storage - 324 885,487 243,690 641,797 TTM 05/31/2019 873,141 245,857 627,284 904,412 266,449 637,963 861,409 221,221 640,188
6.10 Property KeyBank 1 Life Storage - 236 866,329 291,659 574,670 TTM 05/31/2019 850,410 280,574 569,836 887,221 286,128 601,093 844,160 268,270 575,890
6.11 Property KeyBank 1 Life Storage - 184 759,633 219,389 540,244 TTM 05/31/2019 752,718 216,324 536,394 742,923 212,143 530,780 767,346 210,397 556,949
6.12 Property KeyBank 1 Life Storage - 500 787,337 311,311 476,026 TTM 05/31/2019 782,684 300,256 482,428 823,454 337,932 485,522 897,351 342,501 554,850
6.13 Property KeyBank 1 Life Storage - 288 722,836 235,957 486,879 TTM 05/31/2019 717,936 239,444 478,492 750,439 243,328 507,111 785,140 237,525 547,615
6.14 Property KeyBank 1 Life Storage - 299 693,963 193,664 500,299 TTM 05/31/2019 670,518 186,039 484,479 665,516 190,513 475,003 720,902 225,372 495,530
6.15 Property KeyBank 1 Life Storage - 209 684,576 186,661 497,915 TTM 05/31/2019 679,253 184,256 494,997 695,171 185,392 509,779 781,624 203,139 578,485
6.16 Property KeyBank 1 Life Storage - 035 685,459 271,679 413,780 TTM 05/31/2019 694,028 273,269 420,759 687,878 268,905 418,973 710,941 279,606 431,335
6.17 Property KeyBank 1 Life Storage - 074 646,409 209,862 436,547 TTM 05/31/2019 624,877 208,888 415,989 599,593 206,139 393,454 580,013 193,098 386,915
6.18 Property KeyBank 1 Life Storage - 252 614,654 230,886 383,768 TTM 05/31/2019 634,148 249,660 384,488 630,855 246,675 384,180 625,116 235,988 389,128
6.19 Property KeyBank 1 Life Storage - 033 593,198 240,137 353,061 TTM 05/31/2019 577,501 228,717 348,784 576,342 227,031 349,311 619,193 224,018 395,175
6.20 Property KeyBank 1 Life Storage - 205 520,767 195,046 325,721 TTM 05/31/2019 504,062 187,825 316,237 489,743 186,975 302,768 486,355 184,363 301,992
6.21 Property KeyBank 1 Life Storage - 300 568,362 169,486 398,876 TTM 05/31/2019 563,623 163,530 400,093 568,525 185,243 383,282 615,984 182,932 433,052
6.22 Property KeyBank 1 Life Storage - 026 539,582 207,656 331,926 TTM 05/31/2019 521,480 209,614 311,866 504,535 191,947 312,588 487,969 184,503 303,466
6.23 Property KeyBank 1 Life Storage - 361 506,435 191,813 314,622 TTM 05/31/2019 486,820 183,340 303,480 479,039 188,535 290,504 473,681 181,319 292,362
6.24 Property KeyBank 1 Life Storage - 165 441,216 157,665 283,551 TTM 05/31/2019 439,626 157,093 282,533 403,839 165,632 238,207 396,292 148,735 247,557
6.25 Property KeyBank 1 Life Storage - 208 391,623 128,538 263,085 TTM 05/31/2019 402,560 110,964 291,596 426,983 141,398 285,585 461,783 152,896 308,887
6.26 Property KeyBank 1 Life Storage - 211 441,950 167,615 274,335 TTM 05/31/2019 427,891 162,489 265,402 435,315 172,012 263,303 438,979 168,096 270,883
6.27 Property KeyBank 1 Life Storage - 021 441,743 199,033 242,710 TTM 05/31/2019 425,679 187,860 237,819 414,209 193,887 220,322 442,301 175,770 266,531
6.28 Property KeyBank 1 Life Storage - 298 355,058 128,332 226,726 TTM 05/31/2019 348,863 127,208 221,655 369,175 131,414 237,761 394,805 125,828 268,977
6.29 Property KeyBank 1 Life Storage - 297 294,168 121,887 172,281 TTM 05/31/2019 293,946 115,124 178,822 310,234 118,905 191,329 330,275 121,270 209,005
6.30 Property KeyBank 1 Life Storage - 153 282,401 140,949 141,452 TTM 05/31/2019 276,078 138,872 137,206 266,683 133,932 132,751 263,192 131,520 131,672
6.31 Property KeyBank 1 Life Storage - 075 292,944 155,103 137,841 TTM 05/31/2019 284,365 150,407 133,958 278,651 148,057 130,594 286,372 132,504 153,868
6.32 Property KeyBank 1 Life Storage - 152 248,817 133,135 115,682 TTM 05/31/2019 244,294 131,880 112,414 243,955 150,098 93,857 237,675 125,789 111,886
7 Both Natixis 1 Uline Arena 7,638,927 4,040,587 3,598,340 TTM 05/31/2019 6,513,196 3,653,287 2,859,908            
8 Both Natixis 1 10000 Santa Monica Boulevard 40,206,841 19,998,236 20,208,605 TTM 01/31/2019 39,378,213 19,905,778 19,472,435 18,246,774 15,684,622 2,562,152      
9 Both Natixis 1 765 Broad Street 1,335,381 1,223,679 111,702 TTM 02/28/2019                  
10 Both KeyBank 1 Rivertop Apartments NAV NAV NAV NAV                  
11 Both KeyBank 1 Ocean Edge Resort & Golf Club 34,919,298 24,871,669 10,047,629 TTM 06/30/2019 34,076,499 24,306,652 9,769,847 32,840,716 23,779,307 9,061,409 31,987,332 23,017,138 8,970,194
12 Both KeyBank 1 Loudoun Gateway II and III 3,777,471 1,525,936 2,251,535 TTM 08/31/2019 4,439,569 1,592,274 2,847,295 3,914,835 1,584,190 2,330,646 4,770,349 1,619,564 3,150,785
13 Both KeyBank 1 Village at Knapp’s Crossing NAV NAV NAV NAV                  
14 Both Barclays 1 200 North Warner Road 3,632,170 1,440,183 2,191,987 TTM 07/01/2019 2,986,990 1,409,000 1,577,990 2,612,194 1,395,164 1,217,029 2,774,030 1,435,926 1,338,104
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 NAV NAV NAV NAV                  
16 Loan RMF 2 Mr. D’s Self Storage Portfolio 2,972,893 804,883 2,168,010 TTM 08/31/2019 2,982,447 856,366 2,126,081 2,953,822 813,679 2,140,143 2,962,556 750,770 2,211,786
16.01 Property RMF 1 Bohemia Self Storage 2,074,497 512,758 1,561,739 TTM 08/31/2019 2,059,958 571,026 1,488,932 2,070,232 522,019 1,548,213 2,059,840 508,418 1,551,422
16.02 Property RMF 1 Bay Shore Self Storage 898,396 292,125 606,271 TTM 08/31/2019 922,489 285,340 637,149 883,590 291,660 591,930 902,716 242,351 660,365
17 Both Barclays 1 One Main Plaza 3,257,745 1,022,926 2,234,819 TTM 07/31/2019 3,286,406 1,039,270 2,247,136 3,434,342 1,021,328 2,413,014      
18 Both SGFC 1 Crocs Distribution Center NAV NAV NAV NAV                  
19 Both Natixis 1 Walgreens South Beach NAV NAV NAV NAV                  
20 Both Natixis 1 SpringHill Suites Newark 5,172,801 3,072,582 2,100,219 TTM 07/31/2019 2,897,064 1,869,462 1,027,602            
21 Both Barclays 1 Storage Etc. - Los Feliz 6,567,085 1,272,920 5,294,165 TTM 08/31/2019 6,300,762 1,244,316 5,056,446 5,991,627 1,159,597 4,832,030      

 

A-1-13

 

 

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

 

          HISTORICAL FINANCIALS(17)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name  Most Recent Revenues ($)  Most Recent Expenses ($)  Most Recent NOI ($) As of  2018 Revenues ($)  2018 Expenses ($)  2018
NOI ($) 		 2017 Revenues ($)  2017 Expenses ($)  2017
NOI ($) 		 2016 Revenues ($)  2016 Expenses ($)  2016
NOI ($)
22 Loan SGFC 2 Bison Portfolio 5,422,806 1,050,720 4,372,086 TTM 05/31/2019 5,404,901 1,064,746 4,340,155 5,248,294 1,122,115 4,126,178 5,041,977 1,065,034 3,976,943
22.01 Property SGFC 1 Spring Creek 4,163,779 759,741 3,404,038 TTM 05/31/2019 4,135,848 778,092 3,357,756 4,022,483 828,337 3,194,146 3,783,737 800,933 2,982,804
22.02 Property SGFC 1 Steele Crossing 1,259,027 290,979 968,048 TTM 05/31/2019 1,269,053 286,654 982,399 1,225,811 293,778 932,033 1,258,240 264,101 994,139
23 Both SGFC 1 145 Spring Street 1,438,234 319,080 1,119,154 TTM 06/30/2019 1,437,761 310,673 1,127,088 1,390,589 312,870 1,077,719      
24 Both KeyBank 1 North Heights Plaza 2,663,011 1,124,845 1,538,166 TTM 06/30/2019 2,387,854 889,934 1,497,920            
25 Both Barclays 1 Southchase Village 2,232,161 839,349 1,392,811 TTM 06/30/2019 2,232,541 810,979 1,421,562 2,126,720 812,159 1,314,561      
26 Both Barclays 1 Scottsdale Gateway II 2,016,927 632,726 1,384,201 T6 Annualized 06/30/2019 1,705,042 962,854 742,188 2,173,080 980,819 1,192,260 1,971,600 890,689 1,080,911
27 Loan BSPRT 13 NMR Pharmacy Portfolio NAV NAV NAV NAV                  
27.01 Property BSPRT 1 WAG - Knoxville, TN NAV NAV NAV NAV                  
27.02 Property BSPRT 1 WAG - Cincinnati, OH NAV NAV NAV NAV                  
27.03 Property BSPRT 1 WAG - Huntington, IN NAV NAV NAV NAV                  
27.04 Property BSPRT 1 CVS - Dublin, OH NAV NAV NAV NAV                  
27.05 Property BSPRT 1 CVS - Ashland, KY NAV NAV NAV NAV                  
27.06 Property BSPRT 1 WAG - Akron, OH NAV NAV NAV NAV                  
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH NAV NAV NAV NAV                  
27.08 Property BSPRT 1 CVS - Bristol, VA NAV NAV NAV NAV                  
27.09 Property BSPRT 1 CVS - Bristol, TN NAV NAV NAV NAV                  
27.10 Property BSPRT 1 CVS - Evans, GA NAV NAV NAV NAV                  
27.11 Property BSPRT 1 WAG - Henderson, KY NAV NAV NAV NAV                  
27.12 Property BSPRT 1 CVS - Summerfield, NC NAV NAV NAV NAV                  
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA NAV NAV NAV NAV                  
28 Both Barclays 1 The Firebrand Hotel 4,461,608 2,497,134 1,964,474 TTM 09/07/2019 3,920,577 2,301,275 1,619,302 3,349,489 1,941,272 1,408,217      
29 Loan BSPRT 2 Delaware Retail Portfolio 1,816,905 363,997 1,452,908 TTM 07/31/2019 1,785,409 352,050 1,433,359 1,719,347 327,052 1,392,295 1,572,197 308,881 1,263,316
29.01 Property BSPRT 1 Cypress Hall Shopping Center 968,188 214,581 753,607 TTM 07/31/2019 932,134 219,163 712,971 884,387 191,235 693,152 790,593 187,583 603,010
29.02 Property BSPRT 1 Meadowood Shopping Center 848,717 149,416 699,301 TTM 07/31/2019 853,275 132,886 720,389 834,960 135,817 699,143 781,604 121,298 660,306
30 Both KeyBank 1 Providence Pavilion 1,626,077 447,312 1,178,764 TTM 06/30/2019 1,541,828 448,785 1,093,043 1,494,018 412,978 1,081,040 1,460,052 449,360 1,010,693
31 Both KeyBank 1 Extra Space - McLean 1,784,168 486,062 1,298,106 TTM 05/31/2019 1,746,550 483,195 1,263,355 1,661,694 459,052 1,202,642 1,466,314 421,869 1,044,445
32 Both Barclays 1 Residence Inn - Hoover, AL 4,304,749 2,564,804 1,739,945 TTM 07/31/2019 4,171,051 2,498,729 1,672,322 3,980,059 2,466,097 1,513,962 3,759,884 2,356,902 1,402,982
33 Both BSPRT 1 Aloft Dulles North 4,078,878 2,687,578 1,391,300 TTM 08/31/2019 3,882,093 2,674,542 1,207,551 3,631,440 2,706,409 925,031 3,739,310 2,718,993 1,020,317
34 Both RMF 1 Kohl’s Highland Heights 1,004,638 0 1,004,638 TTM 08/31/2019 1,004,638 0 1,004,638 1,001,289 0 1,001,289      
35 Both KeyBank 1 Paradise Foothills Apartments 1,852,559 782,266 1,070,293 TTM 07/31/2019 1,788,291 794,363 993,928 1,699,084 814,096 884,989 1,606,265 756,073 850,192
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA 3,226,896 1,708,367 1,518,529 TTM 08/31/2019                  
37 Both BSPRT 1 Beau Terre Apartments 1,542,413 688,801 853,612 TTM 08/31/2019 1,536,806 707,095 829,712 1,544,633 702,260 842,373 1,550,743 689,147 861,596
38 Both Natixis 1 Westar Place 1,391,552 912,035 479,517 TTM 06/30/2019 1,793,896 716,753 1,077,143 2,040,543 836,551 1,203,992 2,080,505 829,079 1,251,426
39 Both Barclays 1 Candlewood Suites - Terre Haute IN 2,583,634 1,590,244 993,391 TTM 07/31/2019 2,456,743 1,591,630 865,113 2,724,273 1,634,055 1,090,218 2,800,663 1,622,433 1,178,230
40 Both Barclays 1 Hen House Marketplace 1,255,126 497,831 757,295 TTM 07/31/2019 1,261,484 506,060 755,424 1,223,360 507,130 716,229 1,203,074 518,799 684,275
41 Both Barclays 1 North Plains Self Storage 2,075,607 501,163 1,574,444 TTM 08/31/2019 2,050,268 503,039 1,547,229 1,877,390 442,976 1,434,414 1,525,515 379,216 1,146,299
42 Both Barclays 1 The Burgundy 1,376,188 615,412 760,775 TTM 08/31/2019 1,323,888 635,223 688,665 1,197,531 614,488 583,043      
43 Both KeyBank 1 Dollar Self Storage - Chandler 1,129,943 419,893 710,050 TTM 07/31/2019 1,128,877 422,768 706,108 1,251,569 429,949 821,621 1,213,391 393,366 820,025
44 Both Barclays 1 Vineland Leased Fee 1,132,727 303,767 828,959 TTM 07/31/2019 1,182,276 300,785 881,491 1,140,407 294,997 845,410 1,185,105 266,321 918,784
45 Both RMF 1 Stor & Go Self Storage 783,381 238,970 544,411 TTM 07/31/2019 697,874 246,411 451,463 659,267 199,893 459,374      
46 Both Barclays 1 Fairfield Inn - Calhoun, GA 2,196,318 1,323,752 872,566 TTM 07/31/2019 2,256,714 1,361,751 894,963 2,370,232 1,427,567 942,664 2,262,695 1,235,598 1,027,097
47 Both Barclays 1 Oak Brook Apartments 931,944 369,152 562,792 TTM 08/31/2019 914,598 365,439 549,159 886,111 350,889 535,222      
48 Both SGFC 1 LA Fitness Spring NAV NAV NAV NAV                  
49 Loan Natixis 4 Vanguard Portfolio NAV NAV NAV NAV                  
49.01 Property Natixis 1 425 Old Morehall Road NAV NAV NAV NAV                  
49.02 Property Natixis 1 1001 Cedar Hollow Road NAV NAV NAV NAV                  
49.03 Property Natixis 1 50 Morehall Road NAV NAV NAV NAV                  
49.04 Property Natixis 1 60 Morehall Road NAV NAV NAV NAV                  
50 Both RMF 1 Xtra Room Self Storage 616,615 233,055 383,560 TTM 08/31/2019 598,555 250,921 347,634 559,879 238,759 321,120 488,804 209,167 279,638
51 Both RMF 1 Marval Plaza 447,004 84,045 362,959 TTM 07/31/2019 463,446 83,188 380,258 417,315 92,620 324,695 152,502 67,003 85,499
52 Both BSPRT 1 Brownsville Plaza 595,896 298,682 297,214 TTM 06/30/2019 594,039 290,214 303,825 592,144 275,016 317,128      
53 Both KeyBank 1 Lake Bluff Village 314,982 99,952 215,030 TTM 07/31/2019 244,293 111,263 133,030 247,095 106,266 140,829 234,413 106,252 128,161
54 Both BSPRT 1 Sandstone Apartments 387,579 185,211 202,368 TTM 07/31/2019 356,128 203,107 153,021            
55 Both KeyBank 1 Bayfield MHP 266,852 65,849 201,004 TTM 07/31/2019 254,705 64,731 189,975 227,188 73,888 153,300 213,467 62,011 151,457

 

A-1-14

 

 

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

 

                    UPFRONT ESCROWS(19)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Title Type(18) Ground Lease Expiration Ground Lease Extension Terms Ground Lease Annual Payment PML % Upfront Capex Reserve ($) Upfront Engineering Reserve ($) Upfront Environmental Reserve ($) Upfront TI/LC Reserve ($) Upfront RE Tax Reserve ($) Upfront Insurance Reserve ($) Upfront Debt Service Reserve ($) Upfront Other Reserve ($)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio Fee       Various 0 320,700 0 0 0 0 0 0
1.01 Property KeyBank 1 Quest Diagnostics, Inc. Fee       14%                
1.02 Property KeyBank 1 Encompass Health Corporation Fee                        
1.03 Property KeyBank 1 AT&T Services, Inc. Fee                        
1.04 Property KeyBank 1 Up Central Leasing LLC Fee                        
1.05 Property KeyBank 1 ComDoc, Inc. Fee                        
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc. Fee                        
1.07 Property KeyBank 1 EQT Gathering, LLC Fee                        
1.08 Property KeyBank 1 Metal Technologies, Inc. Fee                        
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC Fee                        
1.10 Property KeyBank 1 Hanes Companies, Inc. Fee                        
1.11 Property KeyBank 1 FedEx Ground Package System, Inc. Fee                        
1.12 Property KeyBank 1 Cummins, Inc. Fee                        
2 Both SGFC 1 Presidential City Fee         0 0 0 150,000 946,295 129,834 0 270,833
3 Both Barclays 1 Ceasar’s Bay Shopping Center Leasehold 12/31/2065 None $728,190   1,000,000 0 0 0 468,758 761,458 0 13,079,085
4 Both Natixis 1 NEMA San Francisco Fee       9% 0 0 0 0 2,063,608 402,392 0 14,238
5 Both RMF 1 Equinix Data Center Fee         0 0 0 0 0 0 0 0
6 Loan KeyBank 32 Inland Life Storage Portfolio Fee         424,056 0 0 0 0 0 0 0
6.01 Property KeyBank 1 Life Storage - 586 Fee                        
6.02 Property KeyBank 1 Life Storage - 145 Fee                        
6.03 Property KeyBank 1 Life Storage - 364 Fee                        
6.04 Property KeyBank 1 Life Storage - 365 Fee                        
6.05 Property KeyBank 1 Life Storage - 212 Fee                        
6.06 Property KeyBank 1 Life Storage - 386 Fee                        
6.07 Property KeyBank 1 Life Storage - 256 Fee                        
6.08 Property KeyBank 1 Life Storage - 206 Fee                        
6.09 Property KeyBank 1 Life Storage - 324 Fee                        
6.10 Property KeyBank 1 Life Storage - 236 Fee                        
6.11 Property KeyBank 1 Life Storage - 184 Fee                        
6.12 Property KeyBank 1 Life Storage - 500 Fee                        
6.13 Property KeyBank 1 Life Storage - 288 Fee                        
6.14 Property KeyBank 1 Life Storage - 299 Fee                        
6.15 Property KeyBank 1 Life Storage - 209 Fee                        
6.16 Property KeyBank 1 Life Storage - 035 Fee                        
6.17 Property KeyBank 1 Life Storage - 074 Fee                        
6.18 Property KeyBank 1 Life Storage - 252 Fee                        
6.19 Property KeyBank 1 Life Storage - 033 Fee                        
6.20 Property KeyBank 1 Life Storage - 205 Fee                        
6.21 Property KeyBank 1 Life Storage - 300 Fee                        
6.22 Property KeyBank 1 Life Storage - 026 Fee                        
6.23 Property KeyBank 1 Life Storage - 361 Fee                        
6.24 Property KeyBank 1 Life Storage - 165 Fee                        
6.25 Property KeyBank 1 Life Storage - 208 Fee                        
6.26 Property KeyBank 1 Life Storage - 211 Fee                        
6.27 Property KeyBank 1 Life Storage - 021 Fee                        
6.28 Property KeyBank 1 Life Storage - 298 Fee                        
6.29 Property KeyBank 1 Life Storage - 297 Fee                        
6.30 Property KeyBank 1 Life Storage - 153 Fee                        
6.31 Property KeyBank 1 Life Storage - 075 Fee                        
6.32 Property KeyBank 1 Life Storage - 152 Fee                        
7 Both Natixis 1 Uline Arena Fee         0 0 0 0 1,215,000 0 0 22,995,169
8 Both Natixis 1 10000 Santa Monica Boulevard Fee       9% 0 0 0 0 890,641 0 0 0
9 Both Natixis 1 765 Broad Street Fee         0 0 0 4,852,814 56,954 55,504 0 5,594,370
10 Both KeyBank 1 Rivertop Apartments Fee         93,333 0 2,500 0 496,396 0 0 0
11 Both KeyBank 1 Ocean Edge Resort & Golf Club Fee         1,450,357 0 0 0 246,722 87,058 0 2,650,000
12 Both KeyBank 1 Loudoun Gateway II and III Fee         2,998 0 0 18,736 253,551 38,861 0 2,029,728
13 Both KeyBank 1 Village at Knapp’s Crossing Fee         1,791 0 0 430,000 115,390 0 0 708,026
14 Both Barclays 1 200 North Warner Road Fee         420,000 0 0 1,465,000 102,893 0 0 1,062,303
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 Fee       3% 0 0 0 0 525,523 0 0 39,293,262
16 Loan RMF 2 Mr. D’s Self Storage Portfolio Fee         150,000 0 0 0 130,553 4,810 0 0
16.01 Property RMF 1 Bohemia Self Storage Fee                        
16.02 Property RMF 1 Bay Shore Self Storage Fee                        
17 Both Barclays 1 One Main Plaza Fee/Leasehold 02/28/2055 None $0 6% 0 26,250 0 0 9,820 0 0 0
18 Both SGFC 1 Crocs Distribution Center Fee/Subleasehold         0 0 0 0 29,667 0 0 2,181,616
19 Both Natixis 1 Walgreens South Beach Fee         0 0 0 0 264,528 0 0 0
20 Both Natixis 1 SpringHill Suites Newark Fee         0 6,250 0 0 0 37,397 0 1,800,963
21 Both Barclays 1 Storage Etc. - Los Feliz Fee       12% 0 0 0 0 0 0 0 0

 

A-1-15

 

 

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

 

                    UPFRONT ESCROWS(19)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Title Type(18) Ground Lease Expiration Ground Lease Extension Terms Ground Lease Annual Payment PML % Upfront Capex Reserve ($) Upfront Engineering Reserve ($) Upfront Environmental Reserve ($) Upfront TI/LC Reserve ($) Upfront RE Tax Reserve ($) Upfront Insurance Reserve ($) Upfront Debt Service Reserve ($) Upfront Other Reserve ($)
22 Loan SGFC 2 Bison Portfolio Fee         0 0 0 750,000 355,651 0 0 304,055
22.01 Property SGFC 1 Spring Creek Fee                        
22.02 Property SGFC 1 Steele Crossing Fee                        
23 Both SGFC 1 145 Spring Street Fee         0 31,875 0 150,000 68,262 13,702 0 117,842
24 Both KeyBank 1 North Heights Plaza Fee         150,000 0 0 9,875 244,614 0 0 75,000
25 Both Barclays 1 Southchase Village Fee         0 35,070 0 500,000 235,099 7,658 0 304,733
26 Both Barclays 1 Scottsdale Gateway II Fee         0 0 0 200,000 35,038 0 0 379,000
27 Loan BSPRT 13 NMR Pharmacy Portfolio Fee         0 100,740 0 0 0 37,914 0 30,172
27.01 Property BSPRT 1 WAG - Knoxville, TN Fee                        
27.02 Property BSPRT 1 WAG - Cincinnati, OH Fee                        
27.03 Property BSPRT 1 WAG - Huntington, IN Fee                        
27.04 Property BSPRT 1 CVS - Dublin, OH Fee                        
27.05 Property BSPRT 1 CVS - Ashland, KY Fee                        
27.06 Property BSPRT 1 WAG - Akron, OH Fee                        
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH Fee                        
27.08 Property BSPRT 1 CVS - Bristol, VA Fee                        
27.09 Property BSPRT 1 CVS - Bristol, TN Fee                        
27.10 Property BSPRT 1 CVS - Evans, GA Fee                        
27.11 Property BSPRT 1 WAG - Henderson, KY Fee                        
27.12 Property BSPRT 1 CVS - Summerfield, NC Fee                        
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA Fee                        
28 Both Barclays 1 The Firebrand Hotel Fee       3% 0 0 18,750 0 22,600 35,834 0 0
29 Loan BSPRT 2 Delaware Retail Portfolio Fee         0 163,641 0 0 18,134 0 0 7,500
29.01 Property BSPRT 1 Cypress Hall Shopping Center Fee                        
29.02 Property BSPRT 1 Meadowood Shopping Center Fee                        
30 Both KeyBank 1 Providence Pavilion Fee         1,338 0 0 0 13,258 0 0 101,695
31 Both KeyBank 1 Extra Space - McLean Fee         453 0 0 0 70,780 0 0 0
32 Both Barclays 1 Residence Inn - Hoover, AL Fee         0 0 0 0 184,403 0 0 1,000,000
33 Both BSPRT 1 Aloft Dulles North Fee         0 0 0 0 8,194 7,160 0 3,047,900
34 Both RMF 1 Kohl’s Highland Heights Fee         0 0 0 0 0 6,298 0 0
35 Both KeyBank 1 Paradise Foothills Apartments Fee         0 0 0 0 47,250 17,606 0 0
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA Fee         0 0 0 0 131,703 0 0 0
37 Both BSPRT 1 Beau Terre Apartments Fee         0 145,335 0 0 63,347 58,710 0 0
38 Both Natixis 1 Westar Place Fee         0 7,813 0 127,484 125,645 11,120 0 0
39 Both Barclays 1 Candlewood Suites - Terre Haute IN Fee         0 0 0 0 0 0 0 850,000
40 Both Barclays 1 Hen House Marketplace Fee         0 0 0 0 0 0 0 0
41 Both Barclays 1 North Plains Self Storage Fee       7% 0 0 0 0 9,876 0 0 0
42 Both Barclays 1 The Burgundy Fee         0 0 0 0 82,671 0 0 0
43 Both KeyBank 1 Dollar Self Storage - Chandler Fee         885 0 0 0 50,860 3,542 0 0
44 Both Barclays 1 Vineland Leased Fee Fee         0 0 0 0 0 0 0 0
45 Both RMF 1 Stor & Go Self Storage Fee         0 0 0 0 4,251 449 0 0
46 Both Barclays 1 Fairfield Inn - Calhoun, GA Fee         0 0 0 0 22,981 0 0 0
47 Both Barclays 1 Oak Brook Apartments Fee         146,706 53,294 0 0 10,554 20,903 0 0
48 Both SGFC 1 LA Fitness Spring Fee         0 0 0 0 0 0 0 0
49 Loan Natixis 4 Vanguard Portfolio Fee         0 247,551 0 0 419,618 123,331 0 0
49.01 Property Natixis 1 425 Old Morehall Road Fee                        
49.02 Property Natixis 1 1001 Cedar Hollow Road Fee                        
49.03 Property Natixis 1 50 Morehall Road Fee                        
49.04 Property Natixis 1 60 Morehall Road Fee                        
50 Both RMF 1 Xtra Room Self Storage Fee         0 0 0 0 22,844 1,273 0 0
51 Both RMF 1 Marval Plaza Fee         0 0 0 100,000 37,770 10,670 0 0
52 Both BSPRT 1 Brownsville Plaza Fee         0 15,442 0 0 17,887 1,246 0 10,000
53 Both KeyBank 1 Lake Bluff Village Fee         1,896 0 0 0 9,199 2,070 0 0
54 Both BSPRT 1 Sandstone Apartments Fee         0 0 0 0 9,523 2,401 0 0
55 Both KeyBank 1 Bayfield MHP Fee         154 0 0 0 3,504 960 0 0

 

A-1-16

 

 

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

 

 

          UPFRONT ESCROWS(19)  
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Other Upfront Description  
1 Loan KeyBank 12 GNL Office and Industrial Portfolio    
1.01 Property KeyBank 1 Quest Diagnostics, Inc.    
1.02 Property KeyBank 1 Encompass Health Corporation    
1.03 Property KeyBank 1 AT&T Services, Inc.    
1.04 Property KeyBank 1 Up Central Leasing LLC    
1.05 Property KeyBank 1 ComDoc, Inc.    
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.    
1.07 Property KeyBank 1 EQT Gathering, LLC    
1.08 Property KeyBank 1 Metal Technologies, Inc.    
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC    
1.10 Property KeyBank 1 Hanes Companies, Inc.    
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.    
1.12 Property KeyBank 1 Cummins, Inc.    
2 Both SGFC 1 Presidential City Free Rent Reserve  
3 Both Barclays 1 Ceasar’s Bay Shopping Center Piling Work Reserve: 6,000,000; Target Free Rent Reserve: 4,567,700; Outstanding TI/LC Reserve: 2,511,385  
4 Both Natixis 1 NEMA San Francisco Rent Abatement Reserve  
5 Both RMF 1 Equinix Data Center    
6 Loan KeyBank 32 Inland Life Storage Portfolio    
6.01 Property KeyBank 1 Life Storage - 586    
6.02 Property KeyBank 1 Life Storage - 145    
6.03 Property KeyBank 1 Life Storage - 364    
6.04 Property KeyBank 1 Life Storage - 365    
6.05 Property KeyBank 1 Life Storage - 212    
6.06 Property KeyBank 1 Life Storage - 386    
6.07 Property KeyBank 1 Life Storage - 256    
6.08 Property KeyBank 1 Life Storage - 206    
6.09 Property KeyBank 1 Life Storage - 324    
6.10 Property KeyBank 1 Life Storage - 236    
6.11 Property KeyBank 1 Life Storage - 184    
6.12 Property KeyBank 1 Life Storage - 500    
6.13 Property KeyBank 1 Life Storage - 288    
6.14 Property KeyBank 1 Life Storage - 299    
6.15 Property KeyBank 1 Life Storage - 209    
6.16 Property KeyBank 1 Life Storage - 035    
6.17 Property KeyBank 1 Life Storage - 074    
6.18 Property KeyBank 1 Life Storage - 252    
6.19 Property KeyBank 1 Life Storage - 033    
6.20 Property KeyBank 1 Life Storage - 205    
6.21 Property KeyBank 1 Life Storage - 300    
6.22 Property KeyBank 1 Life Storage - 026    
6.23 Property KeyBank 1 Life Storage - 361    
6.24 Property KeyBank 1 Life Storage - 165    
6.25 Property KeyBank 1 Life Storage - 208    
6.26 Property KeyBank 1 Life Storage - 211    
6.27 Property KeyBank 1 Life Storage - 021    
6.28 Property KeyBank 1 Life Storage - 298    
6.29 Property KeyBank 1 Life Storage - 297    
6.30 Property KeyBank 1 Life Storage - 153    
6.31 Property KeyBank 1 Life Storage - 075    
6.32 Property KeyBank 1 Life Storage - 152    
7 Both Natixis 1 Uline Arena Initial TI/LC Reserve: 8,229,748; PACT Free Rent Reserve: 4,156,468; Occupancy Reserve: 3,800,000; Free Rent Reserve: 3,300,274; PACT Gap Rent Reserve: 1,533,592; PACT Mezzanine Space Reserve: 1,000,000; Why Hotel Landlord Work Reserve: 415,183; PACT Post-Delivery Work Item Reserve: 225,000; PACT Additional Gap Rent Reserve: 191,699; Why Hotel Free Rent Reserve: 86,497; Why Hotel Gap Rent Reserve: 56,708  
8 Both Natixis 1 10000 Santa Monica Boulevard    
9 Both Natixis 1 765 Broad Street NPS Sixth Floor Reserve: 4,763,371; NPS Gap Rent Reserve: 332,612; NPS Free Rent Reserve: 271,519; NPS Parking Credit Reserve: 226,868  
10 Both KeyBank 1 Rivertop Apartments    
11 Both KeyBank 1 Ocean Edge Resort & Golf Club Seasonality Reserve  
12 Both KeyBank 1 Loudoun Gateway II and III Major Tenant Rollover Reserve: 1,419,650; Rent Concession Reserve: 610,078.23  
13 Both KeyBank 1 Village at Knapp’s Crossing Existing TI/LC Reserve: 669,512; Free Rent Reserve: 38,514  
14 Both Barclays 1 200 North Warner Road Connective RX Upfront TI Rollover Reserve: 462,780; HVAC Reserve: 379,378; Connective RX Rent Abatement Reserve: 77,134.23; Arco Upfront TI Rollover Reserve: 71,880; Acrisure Rent Abatement Reserve: 38,996.17; Fulton Bank Rent Abatement Reserve: 21,516.73; Connective RX Upfront LC Rollover Reserve: 10,618.06  
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 Outstanding TI/LC Reserve: 23,165,933.26; Free Rent Reserve: 16,127,329  
16 Loan RMF 2 Mr. D’s Self Storage Portfolio    
16.01 Property RMF 1 Bohemia Self Storage    
16.02 Property RMF 1 Bay Shore Self Storage    
17 Both Barclays 1 One Main Plaza    
18 Both SGFC 1 Crocs Distribution Center Carry Reserve: 520,372; Crocs Project Expense Reserve: 1,661,244  
19 Both Natixis 1 Walgreens South Beach    
20 Both Natixis 1 SpringHill Suites Newark Debt Yield Holdback: 1,772,844; Seasonal Reserve: 28,119  
21 Both Barclays 1 Storage Etc. - Los Feliz    

 

A-1-17

 

 

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

 

          UPFRONT ESCROWS(19)  
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Other Upfront Description  
22 Loan SGFC 2 Bison Portfolio Outstanding TI/LC Reserve: 294,190; Free Rent Reserve: 9,865.08  
22.01 Property SGFC 1 Spring Creek    
22.02 Property SGFC 1 Steele Crossing    
23 Both SGFC 1 145 Spring Street Violation Reserve  
24 Both KeyBank 1 North Heights Plaza Existing TI Lease Reserve  
25 Both Barclays 1 Southchase Village Tenant Specific Rollover Reserve: 220,380; Free Rent Reserve: 78,311.37; Hibbet Sports Rent Abatement Reserve: 6,041.67  
26 Both Barclays 1 Scottsdale Gateway II Existing Tenant Improvement Reserve  
27 Loan BSPRT 13 NMR Pharmacy Portfolio Hermitage HVAC Reserve  
27.01 Property BSPRT 1 WAG - Knoxville, TN    
27.02 Property BSPRT 1 WAG - Cincinnati, OH    
27.03 Property BSPRT 1 WAG - Huntington, IN    
27.04 Property BSPRT 1 CVS - Dublin, OH    
27.05 Property BSPRT 1 CVS - Ashland, KY    
27.06 Property BSPRT 1 WAG - Akron, OH    
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH    
27.08 Property BSPRT 1 CVS - Bristol, VA    
27.09 Property BSPRT 1 CVS - Bristol, TN    
27.10 Property BSPRT 1 CVS - Evans, GA    
27.11 Property BSPRT 1 WAG - Henderson, KY    
27.12 Property BSPRT 1 CVS - Summerfield, NC    
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA    
28 Both Barclays 1 The Firebrand Hotel    
29 Loan BSPRT 2 Delaware Retail Portfolio Dollar Tree Free Rent Reserve  
29.01 Property BSPRT 1 Cypress Hall Shopping Center    
29.02 Property BSPRT 1 Meadowood Shopping Center    
30 Both KeyBank 1 Providence Pavilion Existing TI/LC Lease Reserve: 87,071.76; Rent Concessions Reserve: 14,623.13  
31 Both KeyBank 1 Extra Space - McLean    
32 Both Barclays 1 Residence Inn - Hoover, AL PIP Reserve  
33 Both BSPRT 1 Aloft Dulles North PIP Reserve: 2,997,900; Seasonality Reserve: 50,000  
34 Both RMF 1 Kohl’s Highland Heights    
35 Both KeyBank 1 Paradise Foothills Apartments    
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA    
37 Both BSPRT 1 Beau Terre Apartments    
38 Both Natixis 1 Westar Place    
39 Both Barclays 1 Candlewood Suites - Terre Haute IN Debt Yield/DSCR Holdback Reserve  
40 Both Barclays 1 Hen House Marketplace    
41 Both Barclays 1 North Plains Self Storage    
42 Both Barclays 1 The Burgundy    
43 Both KeyBank 1 Dollar Self Storage - Chandler    
44 Both Barclays 1 Vineland Leased Fee    
45 Both RMF 1 Stor & Go Self Storage    
46 Both Barclays 1 Fairfield Inn - Calhoun, GA    
47 Both Barclays 1 Oak Brook Apartments    
48 Both SGFC 1 LA Fitness Spring    
49 Loan Natixis 4 Vanguard Portfolio    
49.01 Property Natixis 1 425 Old Morehall Road    
49.02 Property Natixis 1 1001 Cedar Hollow Road    
49.03 Property Natixis 1 50 Morehall Road    
49.04 Property Natixis 1 60 Morehall Road    
50 Both RMF 1 Xtra Room Self Storage    
51 Both RMF 1 Marval Plaza    
52 Both BSPRT 1 Brownsville Plaza Kinesis CAM Reserve  
53 Both KeyBank 1 Lake Bluff Village    
54 Both BSPRT 1 Sandstone Apartments    
55 Both KeyBank 1 Bayfield MHP    

 

A-1-18

 

 

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

 

          MONTHLY ESCROWS(20)
Mortgage Loan Number Loan/Prop. 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
1 Loan KeyBank 12 GNL Office and Industrial Portfolio Springing 0 Springing Springing Springing 0  
1.01 Property KeyBank 1 Quest Diagnostics, Inc.              
1.02 Property KeyBank 1 Encompass Health Corporation              
1.03 Property KeyBank 1 AT&T Services, Inc.              
1.04 Property KeyBank 1 Up Central Leasing LLC              
1.05 Property KeyBank 1 ComDoc, Inc.              
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.              
1.07 Property KeyBank 1 EQT Gathering, LLC              
1.08 Property KeyBank 1 Metal Technologies, Inc.              
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC              
1.10 Property KeyBank 1 Hanes Companies, Inc.              
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.              
1.12 Property KeyBank 1 Cummins, Inc.              
2 Both SGFC 1 Presidential City 12,688 0 6,540 135,185 Springing 0  
3 Both Barclays 1 Ceasar’s Bay Shopping Center Springing 0 Springing 117,190 76,620 1/12 of Ground Rent Ground Lease Reserve
4 Both Natixis 1 NEMA San Francisco 14,890 0 0 421,010 57,485 0  
5 Both RMF 1 Equinix Data Center 0 0 0 Springing Springing 0  
6 Loan KeyBank 32 Inland Life Storage Portfolio Springing 0 0 Springing Springing 0  
6.01 Property KeyBank 1 Life Storage - 586              
6.02 Property KeyBank 1 Life Storage - 145              
6.03 Property KeyBank 1 Life Storage - 364              
6.04 Property KeyBank 1 Life Storage - 365              
6.05 Property KeyBank 1 Life Storage - 212              
6.06 Property KeyBank 1 Life Storage - 386              
6.07 Property KeyBank 1 Life Storage - 256              
6.08 Property KeyBank 1 Life Storage - 206              
6.09 Property KeyBank 1 Life Storage - 324              
6.10 Property KeyBank 1 Life Storage - 236              
6.11 Property KeyBank 1 Life Storage - 184              
6.12 Property KeyBank 1 Life Storage - 500              
6.13 Property KeyBank 1 Life Storage - 288              
6.14 Property KeyBank 1 Life Storage - 299              
6.15 Property KeyBank 1 Life Storage - 209              
6.16 Property KeyBank 1 Life Storage - 035              
6.17 Property KeyBank 1 Life Storage - 074              
6.18 Property KeyBank 1 Life Storage - 252              
6.19 Property KeyBank 1 Life Storage - 033              
6.20 Property KeyBank 1 Life Storage - 205              
6.21 Property KeyBank 1 Life Storage - 300              
6.22 Property KeyBank 1 Life Storage - 026              
6.23 Property KeyBank 1 Life Storage - 361              
6.24 Property KeyBank 1 Life Storage - 165              
6.25 Property KeyBank 1 Life Storage - 208              
6.26 Property KeyBank 1 Life Storage - 211              
6.27 Property KeyBank 1 Life Storage - 021              
6.28 Property KeyBank 1 Life Storage - 298              
6.29 Property KeyBank 1 Life Storage - 297              
6.30 Property KeyBank 1 Life Storage - 153              
6.31 Property KeyBank 1 Life Storage - 075              
6.32 Property KeyBank 1 Life Storage - 152              
7 Both Natixis 1 Uline Arena 2,070 0 20,698 202,500 Springing Springing PACT Additional Gap Rent Reserve
8 Both Natixis 1 10000 Santa Monica Boulevard 6,814 0 0 222,660 Springing 0  
9 Both Natixis 1 765 Broad Street 4,083 0 0 28,477 4,270 0  
10 Both KeyBank 1 Rivertop Apartments 3,733 0 0 49,640 Springing 0  
11 Both KeyBank 1 Ocean Edge Resort & Golf Club 5% of Gross Revenues from prior month 0 0 41,120 43,529 Springing Seasonality Reserve
12 Both KeyBank 1 Loudoun Gateway II and III 2,998 0 18,736 41,392 4,049 0  
13 Both KeyBank 1 Village at Knapp’s Crossing 1,791 0 Springing 38,463 Springing 0  
14 Both Barclays 1 200 North Warner Road 2,736 0 13,680 25,723 Springing 0  
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 Springing 0 0 87,587 Springing Springing Lease Sweep Reserve
16 Loan RMF 2 Mr. D’s Self Storage Portfolio 2,857 0 0 31,084 1,527 0  
16.01 Property RMF 1 Bohemia Self Storage              
16.02 Property RMF 1 Bay Shore Self Storage              
17 Both Barclays 1 One Main Plaza 2,565 0 6,674 4,910 Springing 0  
18 Both SGFC 1 Crocs Distribution Center 1,388 0 8,007 7,417 Springing 0  
19 Both Natixis 1 Walgreens South Beach 0 0 0 44,088 Springing 0  
20 Both Natixis 1 SpringHill Suites Newark 17,243 0 0 12,535 3,740 3,515 Seasonal Reserve
21 Both Barclays 1 Storage Etc. - Los Feliz Springing 0 0 Springing Springing 0  

 

A-1-19

 

 

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

 

          MONTHLY ESCROWS(20)
Mortgage Loan Number Loan/Prop. 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
22 Loan SGFC 2 Bison Portfolio 6,632 0 16,579 30,527 Springing 0  
22.01 Property SGFC 1 Spring Creek              
22.02 Property SGFC 1 Steele Crossing              
23 Both SGFC 1 145 Spring Street 436 0 150 14,245 1,957 0  
24 Both KeyBank 1 North Heights Plaza 0 0 9,875 48,923 Springing 0  
25 Both Barclays 1 Southchase Village 2,858 0 Springing 23,510 7,658 0  
26 Both Barclays 1 Scottsdale Gateway II 2,248 0 6,743 17,519 Springing 0  
27 Loan BSPRT 13 NMR Pharmacy Portfolio 2,077 0 5,525 Springing 4,739 0  
27.01 Property BSPRT 1 WAG - Knoxville, TN              
27.02 Property BSPRT 1 WAG - Cincinnati, OH              
27.03 Property BSPRT 1 WAG - Huntington, IN              
27.04 Property BSPRT 1 CVS - Dublin, OH              
27.05 Property BSPRT 1 CVS - Ashland, KY              
27.06 Property BSPRT 1 WAG - Akron, OH              
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH              
27.08 Property BSPRT 1 CVS - Bristol, VA              
27.09 Property BSPRT 1 CVS - Bristol, TN              
27.10 Property BSPRT 1 CVS - Evans, GA              
27.11 Property BSPRT 1 WAG - Henderson, KY              
27.12 Property BSPRT 1 CVS - Summerfield, NC              
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA              
28 Both Barclays 1 The Firebrand Hotel 1/12 of 4% of Gross Income from Operations 0 0 11,300 3,258 0  
29 Loan BSPRT 2 Delaware Retail Portfolio 1,411 0 6,583 9,067 Springing 0  
29.01 Property BSPRT 1 Cypress Hall Shopping Center              
29.02 Property BSPRT 1 Meadowood Shopping Center              
30 Both KeyBank 1 Providence Pavilion 1,338 0 6,689 13,258 Springing 0  
31 Both KeyBank 1 Extra Space - McLean 453 0 0 11,797 Springing 0  
32 Both Barclays 1 Residence Inn - Hoover, AL 1/12 of 4% of Gross Income from Operations 0 0 16,764 Springing 0  
33 Both BSPRT 1 Aloft Dulles North Springing 0 0 8,194 3,580 Springing Seasonality Reserve
34 Both RMF 1 Kohl’s Highland Heights 1,005 0 Springing Springing 857 0  
35 Both KeyBank 1 Paradise Foothills Apartments 0 0 0 7,875 2,515 0  
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA 1/12 of 2% of Gross Income from Operations 0 0 8,990 Springing Springing PIP Reserve
37 Both BSPRT 1 Beau Terre Apartments 3,500 0 0 5,759 7,339 0  
38 Both Natixis 1 Westar Place 1,481 0 21,042 29,425 1,408 0  
39 Both Barclays 1 Candlewood Suites - Terre Haute IN 1/12 of 4% of Gross Income from Operations 0 0 8,266 Springing Springing Common Charges Reserve: Springing; PIP Reserve: Springing
40 Both Barclays 1 Hen House Marketplace Springing 0 Springing Springing Springing 0  
41 Both Barclays 1 North Plains Self Storage Springing 0 0 9,876 Springing 0  
42 Both Barclays 1 The Burgundy 2,313 0 0 9,186 Springing Springing Condominium Assessment Reserve
43 Both KeyBank 1 Dollar Self Storage - Chandler 885 0 0 6,357 590 0  
44 Both Barclays 1 Vineland Leased Fee Springing 0 Springing Springing Springing 0  
45 Both RMF 1 Stor & Go Self Storage 816 0 0 4,049 214 0  
46 Both Barclays 1 Fairfield Inn - Calhoun, GA 9,151 0 0 5,689 Springing Springing PIP Reserve
47 Both Barclays 1 Oak Brook Apartments 2,083 0 0 5,277 2,090 0  
48 Both SGFC 1 LA Fitness Spring Springing 0 Springing Springing Springing 0  
49 Loan Natixis 4 Vanguard Portfolio 7,108 0 0 139,873 10,822 0  
49.01 Property Natixis 1 425 Old Morehall Road              
49.02 Property Natixis 1 1001 Cedar Hollow Road              
49.03 Property Natixis 1 50 Morehall Road              
49.04 Property Natixis 1 60 Morehall Road              
50 Both RMF 1 Xtra Room Self Storage 737 0 0 4,351 303 0  
51 Both RMF 1 Marval Plaza 197 0 Springing 3,703 872 0  
52 Both BSPRT 1 Brownsville Plaza 424 0 1,554 8,943 623 0  
53 Both KeyBank 1 Lake Bluff Village 1,896 0 0 1,499 1,035 0  
54 Both BSPRT 1 Sandstone Apartments 958 0 0 4,761 1,201 0  
55 Both KeyBank 1 Bayfield MHP 154 0 0 701 480 0  

 

A-1-20

 

 

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

 

            RESERVE CAPS(21)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name   CapEx Reserve Cap ($) Environmental Reserve Cap ($) TI/LC Reserve Cap ($) RE Tax Reserve Cap ($) Insurance Reserve Cap ($) Debt Service Reserve Cap ($) Other Reserve Cap ($)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio       6,000,000        
1.01 Property KeyBank 1 Quest Diagnostics, Inc.                
1.02 Property KeyBank 1 Encompass Health Corporation                
1.03 Property KeyBank 1 AT&T Services, Inc.                
1.04 Property KeyBank 1 Up Central Leasing LLC                
1.05 Property KeyBank 1 ComDoc, Inc.                
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.                
1.07 Property KeyBank 1 EQT Gathering, LLC                
1.08 Property KeyBank 1 Metal Technologies, Inc.                
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC                
1.10 Property KeyBank 1 Hanes Companies, Inc.                
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.                
1.12 Property KeyBank 1 Cummins, Inc.                
2 Both SGFC 1 Presidential City   761,250   235,449        
3 Both Barclays 1 Ceasar’s Bay Shopping Center                
4 Both Natixis 1 NEMA San Francisco   250,000            
5 Both RMF 1 Equinix Data Center                
6 Loan KeyBank 32 Inland Life Storage Portfolio   424,056            
6.01 Property KeyBank 1 Life Storage - 586                
6.02 Property KeyBank 1 Life Storage - 145                
6.03 Property KeyBank 1 Life Storage - 364                
6.04 Property KeyBank 1 Life Storage - 365                
6.05 Property KeyBank 1 Life Storage - 212                
6.06 Property KeyBank 1 Life Storage - 386                
6.07 Property KeyBank 1 Life Storage - 256                
6.08 Property KeyBank 1 Life Storage - 206                
6.09 Property KeyBank 1 Life Storage - 324                
6.10 Property KeyBank 1 Life Storage - 236                
6.11 Property KeyBank 1 Life Storage - 184                
6.12 Property KeyBank 1 Life Storage - 500                
6.13 Property KeyBank 1 Life Storage - 288                
6.14 Property KeyBank 1 Life Storage - 299                
6.15 Property KeyBank 1 Life Storage - 209                
6.16 Property KeyBank 1 Life Storage - 035                
6.17 Property KeyBank 1 Life Storage - 074                
6.18 Property KeyBank 1 Life Storage - 252                
6.19 Property KeyBank 1 Life Storage - 033                
6.20 Property KeyBank 1 Life Storage - 205                
6.21 Property KeyBank 1 Life Storage - 300                
6.22 Property KeyBank 1 Life Storage - 026                
6.23 Property KeyBank 1 Life Storage - 361                
6.24 Property KeyBank 1 Life Storage - 165                
6.25 Property KeyBank 1 Life Storage - 208                
6.26 Property KeyBank 1 Life Storage - 211                
6.27 Property KeyBank 1 Life Storage - 021                
6.28 Property KeyBank 1 Life Storage - 298                
6.29 Property KeyBank 1 Life Storage - 297                
6.30 Property KeyBank 1 Life Storage - 153                
6.31 Property KeyBank 1 Life Storage - 075                
6.32 Property KeyBank 1 Life Storage - 152                
7 Both Natixis 1 Uline Arena   124,191   496,762        
8 Both Natixis 1 10000 Santa Monica Boulevard   250,000            
9 Both Natixis 1 765 Broad Street   97,991            
10 Both KeyBank 1 Rivertop Apartments                
11 Both KeyBank 1 Ocean Edge Resort & Golf Club               4,084,680
12 Both KeyBank 1 Loudoun Gateway II and III       1,124,150        
13 Both KeyBank 1 Village at Knapp’s Crossing   85,000   430,000        
14 Both Barclays 1 200 North Warner Road       2,200,000        
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4             24,544,310 Lease Sweep Reserve: 21,037,980
16 Loan RMF 2 Mr. D’s Self Storage Portfolio                
16.01 Property RMF 1 Bohemia Self Storage                
16.02 Property RMF 1 Bay Shore Self Storage                
17 Both Barclays 1 One Main Plaza       332,000        
18 Both SGFC 1 Crocs Distribution Center       1,054,977        
19 Both Natixis 1 Walgreens South Beach                
20 Both Natixis 1 SpringHill Suites Newark                
21 Both Barclays 1 Storage Etc. - Los Feliz                

 

A-1-21

 

 

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

 

            RESERVE CAPS(21)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name   CapEx Reserve Cap ($) Environmental Reserve Cap ($) TI/LC Reserve Cap ($) RE Tax Reserve Cap ($) Insurance Reserve Cap ($) Debt Service Reserve Cap ($) Other Reserve Cap ($)
22 Loan SGFC 2 Bison Portfolio   250,000            
22.01 Property SGFC 1 Spring Creek                
22.02 Property SGFC 1 Steele Crossing                
23 Both SGFC 1 145 Spring Street                
24 Both KeyBank 1 North Heights Plaza       592,472        
25 Both Barclays 1 Southchase Village       500,000        
26 Both Barclays 1 Scottsdale Gateway II                
27 Loan BSPRT 13 NMR Pharmacy Portfolio                
27.01 Property BSPRT 1 WAG - Knoxville, TN                
27.02 Property BSPRT 1 WAG - Cincinnati, OH                
27.03 Property BSPRT 1 WAG - Huntington, IN                
27.04 Property BSPRT 1 CVS - Dublin, OH                
27.05 Property BSPRT 1 CVS - Ashland, KY                
27.06 Property BSPRT 1 WAG - Akron, OH                
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH                
27.08 Property BSPRT 1 CVS - Bristol, VA                
27.09 Property BSPRT 1 CVS - Bristol, TN                
27.10 Property BSPRT 1 CVS - Evans, GA                
27.11 Property BSPRT 1 WAG - Henderson, KY                
27.12 Property BSPRT 1 CVS - Summerfield, NC                
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA                
28 Both Barclays 1 The Firebrand Hotel                
29 Loan BSPRT 2 Delaware Retail Portfolio       325,000        
29.01 Property BSPRT 1 Cypress Hall Shopping Center                
29.02 Property BSPRT 1 Meadowood Shopping Center                
30 Both KeyBank 1 Providence Pavilion       240,795        
31 Both KeyBank 1 Extra Space - McLean   10,861            
32 Both Barclays 1 Residence Inn - Hoover, AL                
33 Both BSPRT 1 Aloft Dulles North                
34 Both RMF 1 Kohl’s Highland Heights                
35 Both KeyBank 1 Paradise Foothills Apartments                
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA                
37 Both BSPRT 1 Beau Terre Apartments                
38 Both Natixis 1 Westar Place       The sum of i) $200,000, plus ii) the total amount determined by Lender, in its discretion, to be necessary to pay for all Primary Tenant Lease Renewal Expenses.        
39 Both Barclays 1 Candlewood Suites - Terre Haute IN                
40 Both Barclays 1 Hen House Marketplace       450,000        
41 Both Barclays 1 North Plains Self Storage                
42 Both Barclays 1 The Burgundy                
43 Both KeyBank 1 Dollar Self Storage - Chandler   21,239            
44 Both Barclays 1 Vineland Leased Fee                
45 Both RMF 1 Stor & Go Self Storage                
46 Both Barclays 1 Fairfield Inn - Calhoun, GA                
47 Both Barclays 1 Oak Brook Apartments                
48 Both SGFC 1 LA Fitness Spring                
49 Loan Natixis 4 Vanguard Portfolio   255,896            
49.01 Property Natixis 1 425 Old Morehall Road                
49.02 Property Natixis 1 1001 Cedar Hollow Road                
49.03 Property Natixis 1 50 Morehall Road                
49.04 Property Natixis 1 60 Morehall Road                
50 Both RMF 1 Xtra Room Self Storage                
51 Both RMF 1 Marval Plaza       100,000        
52 Both BSPRT 1 Brownsville Plaza                
53 Both KeyBank 1 Lake Bluff Village                
54 Both BSPRT 1 Sandstone Apartments                
55 Both KeyBank 1 Bayfield MHP                

 

A-1-22

 

 

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

 

            TENANCY INFORMATION(22)(23)(24)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Single Tenant Largest Tenant  Unit Size Lease Expiration Second Largest Tenant  Unit Size Lease Expiration Third Largest Tenant  Unit Size Lease Expiration
1 Loan KeyBank 12 GNL Office and Industrial Portfolio Yes                     
1.01 Property KeyBank 1 Quest Diagnostics, Inc. Yes Quest Diagnostics, Inc.             222,193 08/31/2024              
1.02 Property KeyBank 1 Encompass Health Corporation Yes Encompass Health Corporation             199,305 03/30/2033              
1.03 Property KeyBank 1 AT&T Services, Inc. Yes AT&T Services, Inc.             401,516 07/17/2026              
1.04 Property KeyBank 1 Up Central Leasing LLC Yes UP Central Leasing LLC             220,000 03/31/2029              
1.05 Property KeyBank 1 ComDoc, Inc. Yes ComDoc, Inc.             107,500 04/30/2029              
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc. Yes Stanley Convergent Security Solutions, Inc.               80,000 06/30/2028              
1.07 Property KeyBank 1 EQT Gathering, LLC Yes EQT Gathering, LLC             127,135 06/30/2030              
1.08 Property KeyBank 1 Metal Technologies, Inc. Yes Metal Technologies, Inc.             234,377 06/30/2033              
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC Yes Heatcraft Refrigeration Products, LLC             214,757 05/31/2028              
1.10 Property KeyBank 1 Hanes Companies, Inc. Yes Hanes Companies, Inc.             275,500 09/30/2028              
1.11 Property KeyBank 1 FedEx Ground Package System, Inc. Yes FedEx Ground Package System, Inc.               76,039 06/30/2024              
1.12 Property KeyBank 1 Cummins, Inc. Yes Cummins, Inc.               36,720 11/30/2028              
2 Both SGFC 1 Presidential City No                     
3 Both Barclays 1 Ceasar’s Bay Shopping Center No Kohl’s             119,734 05/31/2023 Target     88,000 07/31/2035 Best Buy                       39,568 01/31/2022
4 Both Natixis 1 NEMA San Francisco No                     
5 Both RMF 1 Equinix Data Center Yes Equinix, Inc.             663,621 12/31/2068              
6 Loan KeyBank 32 Inland Life Storage Portfolio No                     
6.01 Property KeyBank 1 Life Storage - 586 No                     
6.02 Property KeyBank 1 Life Storage - 145 No                     
6.03 Property KeyBank 1 Life Storage - 364 No                     
6.04 Property KeyBank 1 Life Storage - 365 No                     
6.05 Property KeyBank 1 Life Storage - 212 No                     
6.06 Property KeyBank 1 Life Storage - 386 No                     
6.07 Property KeyBank 1 Life Storage - 256 No                     
6.08 Property KeyBank 1 Life Storage - 206 No                     
6.09 Property KeyBank 1 Life Storage - 324 No                     
6.10 Property KeyBank 1 Life Storage - 236 No                     
6.11 Property KeyBank 1 Life Storage - 184 No                     
6.12 Property KeyBank 1 Life Storage - 500 No                     
6.13 Property KeyBank 1 Life Storage - 288 No                     
6.14 Property KeyBank 1 Life Storage - 299 No                     
6.15 Property KeyBank 1 Life Storage - 209 No                     
6.16 Property KeyBank 1 Life Storage - 035 No                     
6.17 Property KeyBank 1 Life Storage - 074 No                     
6.18 Property KeyBank 1 Life Storage - 252 No                     
6.19 Property KeyBank 1 Life Storage - 033 No                     
6.20 Property KeyBank 1 Life Storage - 205 No                     
6.21 Property KeyBank 1 Life Storage - 300 No                     
6.22 Property KeyBank 1 Life Storage - 026 No                     
6.23 Property KeyBank 1 Life Storage - 361 No                     
6.24 Property KeyBank 1 Life Storage - 165 No                     
6.25 Property KeyBank 1 Life Storage - 208 No                     
6.26 Property KeyBank 1 Life Storage - 211 No                     
6.27 Property KeyBank 1 Life Storage - 021 No                     
6.28 Property KeyBank 1 Life Storage - 298 No                     
6.29 Property KeyBank 1 Life Storage - 297 No                     
6.30 Property KeyBank 1 Life Storage - 153 No                     
6.31 Property KeyBank 1 Life Storage - 075 No                     
6.32 Property KeyBank 1 Life Storage - 152 No                     
7 Both Natixis 1 Uline Arena No Recreational Equipment, Inc.               51,159 02/29/2032 RGN National Business Center     43,680 10/31/2033 Pact Inc.                       39,137 04/30/2035
8 Both Natixis 1 10000 Santa Monica Boulevard No                     
9 Both Natixis 1 765 Broad Street No Newark Public School             198,513 12/14/2033 Wells Fargo     11,158 10/31/2020       
10 Both KeyBank 1 Rivertop Apartments No                     
11 Both KeyBank 1 Ocean Edge Resort & Golf Club No                     
12 Both KeyBank 1 Loudoun Gateway II and III No CACI International Inc             146,056 07/31/2027 Axios, Inc     14,153 05/31/2023 Northstrat, Inc                       10,692 11/30/2024
13 Both KeyBank 1 Village at Knapp’s Crossing No TJ Maxx               22,950 07/30/2029 Old Navy     12,500 07/31/2024 Ulta Beauty                       10,080 08/31/2029
14 Both Barclays 1 200 North Warner Road No AT&T Mobility               24,884 09/30/2022 Acriscure, LLC/ Odell Studner     19,662 11/30/2023 Arco Design/Build Northeast                       12,834 07/31/2024
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 Yes Facebook             701,266 05/31/2034              
16 Loan RMF 2 Mr. D’s Self Storage Portfolio No                     
16.01 Property RMF 1 Bohemia Self Storage No                     
16.02 Property RMF 1 Bay Shore Self Storage No                     
17 Both Barclays 1 One Main Plaza No County of Maui               37,795 06/30/2023 GSA     15,541 08/31/2021 Carlsmith Ball, LLP                         5,332 12/31/2020
18 Both SGFC 1 Crocs Distribution Center Yes Crocs, Inc.             555,251 09/30/2030              
19 Both Natixis 1 Walgreens South Beach Yes Walgreens               22,857 03/31/2034              
20 Both Natixis 1 SpringHill Suites Newark No                     
21 Both Barclays 1 Storage Etc. - Los Feliz No                     

 

A-1-23

 

 

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

 

            TENANCY INFORMATION(22)(23)(24)
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Single Tenant Largest Tenant  Unit Size Lease Expiration Second Largest Tenant  Unit Size Lease Expiration Third Largest Tenant  Unit Size Lease Expiration
22 Loan SGFC 2 Bison Portfolio No                     
22.01 Property SGFC 1 Spring Creek No Best Buy               50,000 01/31/2022 Bed Bath & Beyond     32,000 11/30/2024 TJ Maxx                       28,000 01/31/2029
22.02 Property SGFC 1 Steele Crossing No Kohl’s               86,584 01/31/2022 PetSmart     18,949 01/31/2023 Lane Bryant                         5,600 04/30/2022
23 Both SGFC 1 145 Spring Street No                     
24 Both KeyBank 1 North Heights Plaza No Dick’s Sporting Goods               46,290 01/31/2024 Burlington     33,765 02/28/2030 Big Lots                       33,373 01/31/2021
25 Both Barclays 1 Southchase Village No TouchStar Cinemas               28,000 04/30/2022 dd’s Discounts     25,200 09/30/2029 Ross Dress for Less                       22,737 01/31/2025
26 Both Barclays 1 Scottsdale Gateway II No Caremark PCS               26,344 06/30/2021 Scottsdale Health Care (ICP)     20,871 04/30/2027 Calibercos, Inc.                       18,319 02/28/2026
27 Loan BSPRT 13 NMR Pharmacy Portfolio Yes                     
27.01 Property BSPRT 1 WAG - Knoxville, TN Yes Walgreens               14,112 12/31/2034              
27.02 Property BSPRT 1 WAG - Cincinnati, OH Yes Walgreens               14,490 08/31/2028              
27.03 Property BSPRT 1 WAG - Huntington, IN Yes Walgreens               15,125 01/31/2026              
27.04 Property BSPRT 1 CVS - Dublin, OH Yes CVS               10,086 07/31/2039              
27.05 Property BSPRT 1 CVS - Ashland, KY Yes CVS               11,240 07/31/2039              
27.06 Property BSPRT 1 WAG - Akron, OH Yes Walgreens               13,500 02/29/2028              
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH Yes Rite Aid               11,180 03/31/2023              
27.08 Property BSPRT 1 CVS - Bristol, VA Yes CVS               10,251 07/31/2039              
27.09 Property BSPRT 1 CVS - Bristol, TN Yes CVS               10,200 07/31/2039              
27.10 Property BSPRT 1 CVS - Evans, GA Yes CVS               10,125 07/31/2039              
27.11 Property BSPRT 1 WAG - Henderson, KY Yes Walgreens               11,385 05/31/2034              
27.12 Property BSPRT 1 CVS - Summerfield, NC Yes CVS               10,112 07/31/2039              
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA Yes Rite Aid               12,000 01/31/2029              
28 Both Barclays 1 The Firebrand Hotel No                     
29 Loan BSPRT 2 Delaware Retail Portfolio No                     
29.01 Property BSPRT 1 Cypress Hall Shopping Center No Redner’s Markets Inc               49,223 08/31/2032 Dollar Tree       9,000 06/30/2026 Cypress Liquors                         4,800 06/30/2027
29.02 Property BSPRT 1 Meadowood Shopping Center No Walgreens               15,852 11/30/2026 Argilla Brewing at Pietro’s Pizza       3,814 03/31/2022 Sushi Somo                         3,537 10/31/2024
30 Both KeyBank 1 Providence Pavilion No Publix               44,841 12/31/2024 Walgreens     14,820 08/31/2080 Zoet Beauty Supply                         3,495 11/30/2021
31 Both KeyBank 1 Extra Space - McLean No                     
32 Both Barclays 1 Residence Inn - Hoover, AL No                     
33 Both BSPRT 1 Aloft Dulles North No                     
34 Both RMF 1 Kohl’s Highland Heights Yes Kohl’s               80,371 01/28/2028              
35 Both KeyBank 1 Paradise Foothills Apartments No                     
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA No                     
37 Both BSPRT 1 Beau Terre Apartments No                     
38 Both Natixis 1 Westar Place No Bank of America Corporation               45,653 10/31/2025 Revolution Group     13,224 09/30/2022 WellSky Corporation                       10,161 01/31/2024
39 Both Barclays 1 Candlewood Suites - Terre Haute IN No                     
40 Both Barclays 1 Hen House Marketplace No Hen House               53,897 06/30/2034 Tuesday Morning       8,450 07/31/2020 Past & Presents                         5,800 12/31/2020
41 Both Barclays 1 North Plains Self Storage No                     
42 Both Barclays 1 The Burgundy No                     
43 Both KeyBank 1 Dollar Self Storage - Chandler No                     
44 Both Barclays 1 Vineland Leased Fee No Bahama Breeze               12,299 12/31/2025 Golden Corral     11,003 07/31/2031 BJ’s Brewhouse                         8,376 10/31/2033
45 Both RMF 1 Stor & Go Self Storage No                     
46 Both Barclays 1 Fairfield Inn - Calhoun, GA No                     
47 Both Barclays 1 Oak Brook Apartments No                     
48 Both SGFC 1 LA Fitness Spring Yes Fitness International, LLC               34,000 09/30/2034              
49 Loan Natixis 4 Vanguard Portfolio Yes                     
49.01 Property Natixis 1 425 Old Morehall Road Yes The Vanguard Group             201,658 10/31/2030              
49.02 Property Natixis 1 1001 Cedar Hollow Road Yes The Vanguard Group             133,000 10/31/2029              
49.03 Property Natixis 1 50 Morehall Road Yes The Vanguard Group             117,000 10/31/2027              
49.04 Property Natixis 1 60 Morehall Road Yes The Vanguard Group             117,000 10/31/2028              
50 Both RMF 1 Xtra Room Self Storage No                     
51 Both RMF 1 Marval Plaza No Kurai Sushi and Chinese Buffet                 5,500 03/31/2022 Dunkin Donuts       1,967 02/28/2026 Firehouse Subs                         1,857 03/31/2021
52 Both BSPRT 1 Brownsville Plaza No ALDI               21,141 12/31/2031 Terrace Bakery       3,271 03/30/2021 Dr. Howard S. Pittle Family Physician                         3,154 11/30/2022
53 Both KeyBank 1 Lake Bluff Village No                     
54 Both BSPRT 1 Sandstone Apartments No                     
55 Both KeyBank 1 Bayfield MHP No                     

 

A-1-24

 

 

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

 

          TENANCY INFORMATION(22)(23)(24)    
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Fourth Largest Tenant  Unit Size Lease Expiration Fifth Largest Tenant  Unit Size Lease Expiration Loan Purpose Principal/Carveout Guarantor(25)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio               Refinance Global Net Lease Operating Partnership, L.P.
1.01 Property KeyBank 1 Quest Diagnostics, Inc.                  
1.02 Property KeyBank 1 Encompass Health Corporation                  
1.03 Property KeyBank 1 AT&T Services, Inc.                  
1.04 Property KeyBank 1 Up Central Leasing LLC                  
1.05 Property KeyBank 1 ComDoc, Inc.                  
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.                  
1.07 Property KeyBank 1 EQT Gathering, LLC                  
1.08 Property KeyBank 1 Metal Technologies, Inc.                  
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC                  
1.10 Property KeyBank 1 Hanes Companies, Inc.                  
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.                  
1.12 Property KeyBank 1 Cummins, Inc.                  
2 Both SGFC 1 Presidential City               Refinance Matthew Pestronk, Michael Pestronk
3 Both Barclays 1 Ceasar’s Bay Shopping Center Modell’s     23,792 01/31/2025 Olive Garden       8,350 11/28/2028 Refinance CBB Realty Associates, LLC, Gazit Horizons, Inc.
4 Both Natixis 1 NEMA San Francisco               Refinance Sonny Kahn, not personally or individually (except as set forth in section 21 of this guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003, Russell W. Galbut, not personally or individually (except as set forth in section 21 of this guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business trust dated November 3, 2009, Bruce A. Menin, not personally or individually (except as set forth in section 21 of this guaranty), but solely as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009.
5 Both RMF 1 Equinix Data Center               Refinance Hartz Financial Corp.
6 Loan KeyBank 32 Inland Life Storage Portfolio               Acquisition Inland Private Capital Corporation
6.01 Property KeyBank 1 Life Storage - 586                  
6.02 Property KeyBank 1 Life Storage - 145                  
6.03 Property KeyBank 1 Life Storage - 364                  
6.04 Property KeyBank 1 Life Storage - 365                  
6.05 Property KeyBank 1 Life Storage - 212                  
6.06 Property KeyBank 1 Life Storage - 386                  
6.07 Property KeyBank 1 Life Storage - 256                  
6.08 Property KeyBank 1 Life Storage - 206                  
6.09 Property KeyBank 1 Life Storage - 324                  
6.10 Property KeyBank 1 Life Storage - 236                  
6.11 Property KeyBank 1 Life Storage - 184                  
6.12 Property KeyBank 1 Life Storage - 500                  
6.13 Property KeyBank 1 Life Storage - 288                  
6.14 Property KeyBank 1 Life Storage - 299                  
6.15 Property KeyBank 1 Life Storage - 209                  
6.16 Property KeyBank 1 Life Storage - 035                  
6.17 Property KeyBank 1 Life Storage - 074                  
6.18 Property KeyBank 1 Life Storage - 252                  
6.19 Property KeyBank 1 Life Storage - 033                  
6.20 Property KeyBank 1 Life Storage - 205                  
6.21 Property KeyBank 1 Life Storage - 300                  
6.22 Property KeyBank 1 Life Storage - 026                  
6.23 Property KeyBank 1 Life Storage - 361                  
6.24 Property KeyBank 1 Life Storage - 165                  
6.25 Property KeyBank 1 Life Storage - 208                  
6.26 Property KeyBank 1 Life Storage - 211                  
6.27 Property KeyBank 1 Life Storage - 021                  
6.28 Property KeyBank 1 Life Storage - 298                  
6.29 Property KeyBank 1 Life Storage - 297                  
6.30 Property KeyBank 1 Life Storage - 153                  
6.31 Property KeyBank 1 Life Storage - 075                  
6.32 Property KeyBank 1 Life Storage - 152                  
7 Both Natixis 1 Uline Arena Davis Memorial Goodwill     23,968 07/31/2035 Antunovich Associates     10,353 09/30/2029 Refinance Norman Jemal
8 Both Natixis 1 10000 Santa Monica Boulevard               Refinance Sonny Kahn, not personally or individually (except as set forth in section 6.17(c)  and (d) of the guaranty), but solely as trustee of the SK Business Trust  pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in  section 6.17(c) and (d) of the guaranty), but solely as trustee of the RF  Business Trust pursuant to that certain Amendment and Restatement of the RF  Business Trust dated November 3, 2009;  Bruce A. Menin, not personally or individually (except as set forth in  section 6.17(c) and (d) of the guaranty), but solely as trustee of the Menin  1998 Business Trust pursuant to that certain Restated and Amended Declaration  of Trust dated November 6, 2009
9 Both Natixis 1 765 Broad Street               Refinance Jorge Madruga, Francesca Madruga, Amnon Shalhov, Rina Chaya-Shalhov, Eli Weiss, Justin DiMare
10 Both KeyBank 1 Rivertop Apartments               Acquisition CF Real Estate Holdings, LLC
11 Both KeyBank 1 Ocean Edge Resort & Golf Club               Refinance Corcoran Jennison Company, Inc.
12 Both KeyBank 1 Loudoun Gateway II and III FTS International, LLC       8,963 05/31/2023        Acquisition Carter F. Sackman
13 Both KeyBank 1 Village at Knapp’s Crossing Five Below       8,500 06/30/2029 Chow Hound       7,000 08/31/2028 Refinance Daniel L. Stern, Christopher G. Brochert, William T. Mast
14 Both Barclays 1 200 North Warner Road Quadgen Wireless Solutions     12,199 10/31/2025 Velocitel, Inc.     11,440 09/30/2022 Acquisition John B. Vander Zwaag, Richard Hamlin, Janet Kaz, Benjamin Adams, Pembroke IV LLC, Pembroke North Warner Investors LLC, TCM North Warner LLC, TCM North Warner GP LLC
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4               Refinance Paul Guarantor LLC
16 Loan RMF 2 Mr. D’s Self Storage Portfolio               Acquisition Robert Moser
16.01 Property RMF 1 Bohemia Self Storage                  
16.02 Property RMF 1 Bay Shore Self Storage                  
17 Both Barclays 1 One Main Plaza Mahi Pono LLC       3,348 01/31/2024 State Judiciary       2,800 10/31/2021 Refinance John R. Saunders
18 Both SGFC 1 Crocs Distribution Center               Refinance Northpoint Holdings, LLC
19 Both Natixis 1 Walgreens South Beach               Acquisition Eric Hadar
20 Both Natixis 1 SpringHill Suites Newark               Refinance George J. Danneman, Gene Danneman
21 Both Barclays 1 Storage Etc. - Los Feliz               Refinance NAP

 

A-1-25

 

 

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

 

          TENANCY INFORMATION(22)(23)(24)    
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Fourth Largest Tenant  Unit Size Lease Expiration Fifth Largest Tenant  Unit Size Lease Expiration Loan Purpose Principal/Carveout Guarantor(25)
22 Loan SGFC 2 Bison Portfolio               Refinance Adam Ifshin
22.01 Property SGFC 1 Spring Creek Old Navy     20,000 04/30/2023 Joann Stores Inc     19,284 01/31/2021    
22.02 Property SGFC 1 Steele Crossing Sola Salon Studios       4,870 09/30/2024 Arkansas Dentistry       4,200 12/31/2024    
23 Both SGFC 1 145 Spring Street               Refinance Ralph Sitt
24 Both KeyBank 1 North Heights Plaza Once Upon A Child     11,520 05/31/2022 Party City     10,451 01/31/2022 Refinance PMAT Real Estate Investments, L.L.C.
25 Both Barclays 1 Southchase Village Bealls Outlet     20,000 04/30/2023 Planet Fitness     18,276 06/30/2025 Acquisition Michael Lapointe, Adam Greenberg
26 Both Barclays 1 Scottsdale Gateway II Northsight Management     12,851 08/10/2020 Boston IVF       7,241 12/31/2020 Refinance James M. Pollock
27 Loan BSPRT 13 NMR Pharmacy Portfolio               Refinance/Acquisition Moshe Shovtiel Rudich
27.01 Property BSPRT 1 WAG - Knoxville, TN                  
27.02 Property BSPRT 1 WAG - Cincinnati, OH                  
27.03 Property BSPRT 1 WAG - Huntington, IN                  
27.04 Property BSPRT 1 CVS - Dublin, OH                  
27.05 Property BSPRT 1 CVS - Ashland, KY                  
27.06 Property BSPRT 1 WAG - Akron, OH                  
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH                  
27.08 Property BSPRT 1 CVS - Bristol, VA                  
27.09 Property BSPRT 1 CVS - Bristol, TN                  
27.10 Property BSPRT 1 CVS - Evans, GA                  
27.11 Property BSPRT 1 WAG - Henderson, KY                  
27.12 Property BSPRT 1 CVS - Summerfield, NC                  
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA                  
28 Both Barclays 1 The Firebrand Hotel               Refinance Dan L. Averill
29 Loan BSPRT 2 Delaware Retail Portfolio               Refinance Louis J. Capano, Jr., Louis J. Capano, III
29.01 Property BSPRT 1 Cypress Hall Shopping Center Mariner Finance, LLC       2,302 03/31/2022 Centifola Nails & Spa Corp.       1,600 10/31/2025    
29.02 Property BSPRT 1 Meadowood Shopping Center CosmoProf       2,448 12/31/2021 Grill Village, Inc.       2,240 06/30/2022    
30 Both KeyBank 1 Providence Pavilion Peachtree Immediate Care       3,400 07/31/2024 Premier Martial Arts       2,500 11/30/2024 Refinance M & J Wilkow, Ltd.
31 Both KeyBank 1 Extra Space - McLean               Refinance Thomas J. Comparato
32 Both Barclays 1 Residence Inn - Hoover, AL               Acquisition Chiman Patel
33 Both BSPRT 1 Aloft Dulles North               Acquisition Vinay B. Patel, Istiaq Azim Ahmed
34 Both RMF 1 Kohl’s Highland Heights               Refinance Andrew C. Hauck, III
35 Both KeyBank 1 Paradise Foothills Apartments               Refinance Michael Giuliani, Brad Harris, Brad-M, Inc.
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA               Refinance Mukesh Patel
37 Both BSPRT 1 Beau Terre Apartments               Refinance Donald P. Kelly, Jr.
38 Both Natixis 1 Westar Place Sales Fuel       8,346 05/31/2025 Eaton Electrical       6,928 04/30/2025 Acquisition Zvi Zaffir
39 Both Barclays 1 Candlewood Suites - Terre Haute IN               Refinance Timothy J. Dora, Robert McCormack
40 Both Barclays 1 Hen House Marketplace Hyderabad Darbar Indian Cuisine       4,550 12/31/2020 Athletico       2,400 04/30/2026 Recapitalization E. Stanley Kroenke
41 Both Barclays 1 North Plains Self Storage               Refinance Jeffrey A. Jensen
42 Both Barclays 1 The Burgundy               Acquisition Iqbal Mutabanna, Dustin Howard, Veena Jetti, Sapan Talati, Neal Dandona, Puja Talati
43 Both KeyBank 1 Dollar Self Storage - Chandler               Refinance Thomson Family trust dated June 18, 1997, as may have been amended and restated, John C. Thomson
44 Both Barclays 1 Vineland Leased Fee               Refinance Robert Guerrerio, Jr.
45 Both RMF 1 Stor & Go Self Storage               Refinance Robert Moser
46 Both Barclays 1 Fairfield Inn - Calhoun, GA               Refinance Jigar Patel, Xama Bhatt
47 Both Barclays 1 Oak Brook Apartments               Refinance Eaton W. Tarbell, Jr.
48 Both SGFC 1 LA Fitness Spring               Acquisition Carl J. Greenwood, James F. McKenzie, Carl J. Greenwood, as trustee of The Greenwood Family Trust Dated October 16, 1985, James F. McKenzie, as trustee of the McKenzie Living Trust, Established December 16, 2009
49 Loan Natixis 4 Vanguard Portfolio               Acquisition NAP
49.01 Property Natixis 1 425 Old Morehall Road                  
49.02 Property Natixis 1 1001 Cedar Hollow Road                  
49.03 Property Natixis 1 50 Morehall Road                  
49.04 Property Natixis 1 60 Morehall Road                  
50 Both RMF 1 Xtra Room Self Storage               Refinance Robert Moser
51 Both RMF 1 Marval Plaza Las Quesedillas       1,328 12/31/2022 Nail Salon       1,328 05/31/2024 Recapitalization Gabriel Kamel
52 Both BSPRT 1 Brownsville Plaza Martik Laundry       2,725 12/31/2023 Kinesis Physical Therapy       2,148 08/14/2022 Acquisition Kevin Dhillon, Daniella Dhillon
53 Both KeyBank 1 Lake Bluff Village               Acquisition Michael Gottlieb
54 Both BSPRT 1 Sandstone Apartments               Acquisition Tony M. McGuckin
55 Both KeyBank 1 Bayfield MHP               Acquisition Barry Higgins

 

A-1-26

 

 

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

 

                HOTEL OPERATING STATISTICS
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Related Borrower(26) Lockbox (Y/N) Lockbox Type(27) UW Occupancy (%) UW ADR ($) UW RevPAR ($) Most Recent Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio No Yes Hard            
1.01 Property KeyBank 1 Quest Diagnostics, Inc.                  
1.02 Property KeyBank 1 Encompass Health Corporation                  
1.03 Property KeyBank 1 AT&T Services, Inc.                  
1.04 Property KeyBank 1 Up Central Leasing LLC                  
1.05 Property KeyBank 1 ComDoc, Inc.                  
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.                  
1.07 Property KeyBank 1 EQT Gathering, LLC                  
1.08 Property KeyBank 1 Metal Technologies, Inc.                  
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC                  
1.10 Property KeyBank 1 Hanes Companies, Inc.                  
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.                  
1.12 Property KeyBank 1 Cummins, Inc.                  
2 Both SGFC 1 Presidential City No Yes Soft (Residential); Hard (Commercial)            
3 Both Barclays 1 Ceasar’s Bay Shopping Center No Yes Hard            
4 Both Natixis 1 NEMA San Francisco Yes - Group 1 Yes Soft (Residential); Hard (Commercial)            
5 Both RMF 1 Equinix Data Center No Yes Hard            
6 Loan KeyBank 32 Inland Life Storage Portfolio No No None            
6.01 Property KeyBank 1 Life Storage - 586                  
6.02 Property KeyBank 1 Life Storage - 145                  
6.03 Property KeyBank 1 Life Storage - 364                  
6.04 Property KeyBank 1 Life Storage - 365                  
6.05 Property KeyBank 1 Life Storage - 212                  
6.06 Property KeyBank 1 Life Storage - 386                  
6.07 Property KeyBank 1 Life Storage - 256                  
6.08 Property KeyBank 1 Life Storage - 206                  
6.09 Property KeyBank 1 Life Storage - 324                  
6.10 Property KeyBank 1 Life Storage - 236                  
6.11 Property KeyBank 1 Life Storage - 184                  
6.12 Property KeyBank 1 Life Storage - 500                  
6.13 Property KeyBank 1 Life Storage - 288                  
6.14 Property KeyBank 1 Life Storage - 299                  
6.15 Property KeyBank 1 Life Storage - 209                  
6.16 Property KeyBank 1 Life Storage - 035                  
6.17 Property KeyBank 1 Life Storage - 074                  
6.18 Property KeyBank 1 Life Storage - 252                  
6.19 Property KeyBank 1 Life Storage - 033                  
6.20 Property KeyBank 1 Life Storage - 205                  
6.21 Property KeyBank 1 Life Storage - 300                  
6.22 Property KeyBank 1 Life Storage - 026                  
6.23 Property KeyBank 1 Life Storage - 361                  
6.24 Property KeyBank 1 Life Storage - 165                  
6.25 Property KeyBank 1 Life Storage - 208                  
6.26 Property KeyBank 1 Life Storage - 211                  
6.27 Property KeyBank 1 Life Storage - 021                  
6.28 Property KeyBank 1 Life Storage - 298                  
6.29 Property KeyBank 1 Life Storage - 297                  
6.30 Property KeyBank 1 Life Storage - 153                  
6.31 Property KeyBank 1 Life Storage - 075                  
6.32 Property KeyBank 1 Life Storage - 152                  
7 Both Natixis 1 Uline Arena No Yes Hard            
8 Both Natixis 1 10000 Santa Monica Boulevard Yes - Group 1 Yes Soft            
9 Both Natixis 1 765 Broad Street No Yes Hard            
10 Both KeyBank 1 Rivertop Apartments No Yes Springing            
11 Both KeyBank 1 Ocean Edge Resort & Golf Club No Yes Soft 41.5% 326.45 135.35 41.5% 326.45 135.35
12 Both KeyBank 1 Loudoun Gateway II and III No Yes Hard            
13 Both KeyBank 1 Village at Knapp’s Crossing No Yes Hard            
14 Both Barclays 1 200 North Warner Road No Yes Hard            
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4 No Yes Hard            
16 Loan RMF 2 Mr. D’s Self Storage Portfolio Yes - Group 2 Yes Springing            
16.01 Property RMF 1 Bohemia Self Storage                  
16.02 Property RMF 1 Bay Shore Self Storage                  
17 Both Barclays 1 One Main Plaza No Yes Hard            
18 Both SGFC 1 Crocs Distribution Center No Yes Hard            
19 Both Natixis 1 Walgreens South Beach No Yes Hard            
20 Both Natixis 1 SpringHill Suites Newark No Yes Springing 70.9% 146.47 103.85 70.9% 146.47 103.85
21 Both Barclays 1 Storage Etc. - Los Feliz No Yes Springing            

 

A-1-27

 

 

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

 

                HOTEL OPERATING STATISTICS
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name Related Borrower(26) Lockbox (Y/N) Lockbox Type(27) UW Occupancy (%) UW ADR ($) UW RevPAR ($) Most Recent Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($)
22 Loan SGFC 2 Bison Portfolio No Yes Hard            
22.01 Property SGFC 1 Spring Creek                  
22.02 Property SGFC 1 Steele Crossing                  
23 Both SGFC 1 145 Spring Street No Yes Springing            
24 Both KeyBank 1 North Heights Plaza No Yes Springing            
25 Both Barclays 1 Southchase Village No Yes Springing            
26 Both Barclays 1 Scottsdale Gateway II No Yes Hard            
27 Loan BSPRT 13 NMR Pharmacy Portfolio No Yes Hard            
27.01 Property BSPRT 1 WAG - Knoxville, TN                  
27.02 Property BSPRT 1 WAG - Cincinnati, OH                  
27.03 Property BSPRT 1 WAG - Huntington, IN                  
27.04 Property BSPRT 1 CVS - Dublin, OH                  
27.05 Property BSPRT 1 CVS - Ashland, KY                  
27.06 Property BSPRT 1 WAG - Akron, OH                  
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH                  
27.08 Property BSPRT 1 CVS - Bristol, VA                  
27.09 Property BSPRT 1 CVS - Bristol, TN                  
27.10 Property BSPRT 1 CVS - Evans, GA                  
27.11 Property BSPRT 1 WAG - Henderson, KY                  
27.12 Property BSPRT 1 CVS - Summerfield, NC                  
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA                  
28 Both Barclays 1 The Firebrand Hotel No Yes Springing 75.6% 171.63 129.66 75.6% 171.63 129.66
29 Loan BSPRT 2 Delaware Retail Portfolio No Yes Springing            
29.01 Property BSPRT 1 Cypress Hall Shopping Center                  
29.02 Property BSPRT 1 Meadowood Shopping Center                  
30 Both KeyBank 1 Providence Pavilion No Yes Springing            
31 Both KeyBank 1 Extra Space - McLean No No None            
32 Both Barclays 1 Residence Inn - Hoover, AL No Yes Springing 85.5% 114.87 98.22 85.5% 114.87 98.22
33 Both BSPRT 1 Aloft Dulles North No Yes Springing 75.8% 100.99 76.50 75.8% 100.99 76.50
34 Both RMF 1 Kohl’s Highland Heights No Yes Springing            
35 Both KeyBank 1 Paradise Foothills Apartments No No None            
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA No Yes Springing 77.5% 122.06 94.57 77.5% 122.06 94.57
37 Both BSPRT 1 Beau Terre Apartments No Yes Springing            
38 Both Natixis 1 Westar Place No Yes Hard            
39 Both Barclays 1 Candlewood Suites - Terre Haute IN No Yes Hard 78.5% 91.85 72.03 78.5% 91.85 72.03
40 Both Barclays 1 Hen House Marketplace No Yes Springing            
41 Both Barclays 1 North Plains Self Storage No Yes Springing            
42 Both Barclays 1 The Burgundy No Yes Springing            
43 Both KeyBank 1 Dollar Self Storage - Chandler No Yes Springing            
44 Both Barclays 1 Vineland Leased Fee No Yes Springing            
45 Both RMF 1 Stor & Go Self Storage Yes - Group 2 Yes Springing            
46 Both Barclays 1 Fairfield Inn - Calhoun, GA No Yes Hard 74.9% 108.22 81.09 74.9% 108.22 81.09
47 Both Barclays 1 Oak Brook Apartments No Yes Springing            
48 Both SGFC 1 LA Fitness Spring No Yes Springing            
49 Loan Natixis 4 Vanguard Portfolio No Yes Hard            
49.01 Property Natixis 1 425 Old Morehall Road                  
49.02 Property Natixis 1 1001 Cedar Hollow Road                  
49.03 Property Natixis 1 50 Morehall Road                  
49.04 Property Natixis 1 60 Morehall Road                  
50 Both RMF 1 Xtra Room Self Storage Yes - Group 2 Yes Springing            
51 Both RMF 1 Marval Plaza No Yes Springing            
52 Both BSPRT 1 Brownsville Plaza No Yes Springing            
53 Both KeyBank 1 Lake Bluff Village No No None            
54 Both BSPRT 1 Sandstone Apartments No Yes Springing            
55 Both KeyBank 1 Bayfield MHP No Yes Springing            

 

A-1-28

 

 

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

 

          HOTEL OPERATING STATISTICS
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name 2018 Occupancy (%) 2018 ADR ($) 2018 RevPAR ($) 2017 Occupancy (%) 2017 ADR ($) 2017 RevPAR ($) 2016 Occupancy (%) 2016 ADR ($) 2016 RevPAR ($)
1 Loan KeyBank 12 GNL Office and Industrial Portfolio                  
1.01 Property KeyBank 1 Quest Diagnostics, Inc.                  
1.02 Property KeyBank 1 Encompass Health Corporation                  
1.03 Property KeyBank 1 AT&T Services, Inc.                  
1.04 Property KeyBank 1 Up Central Leasing LLC                  
1.05 Property KeyBank 1 ComDoc, Inc.                  
1.06 Property KeyBank 1 Stanley Convergent Security Solutions, Inc.                  
1.07 Property KeyBank 1 EQT Gathering, LLC                  
1.08 Property KeyBank 1 Metal Technologies, Inc.                  
1.09 Property KeyBank 1 Heatcraft Refrigeration Products, LLC                  
1.10 Property KeyBank 1 Hanes Companies, Inc.                  
1.11 Property KeyBank 1 FedEx Ground Package System, Inc.                  
1.12 Property KeyBank 1 Cummins, Inc.                  
2 Both SGFC 1 Presidential City                  
3 Both Barclays 1 Ceasar’s Bay Shopping Center                  
4 Both Natixis 1 NEMA San Francisco                  
5 Both RMF 1 Equinix Data Center                  
6 Loan KeyBank 32 Inland Life Storage Portfolio                  
6.01 Property KeyBank 1 Life Storage - 586                  
6.02 Property KeyBank 1 Life Storage - 145                  
6.03 Property KeyBank 1 Life Storage - 364                  
6.04 Property KeyBank 1 Life Storage - 365                  
6.05 Property KeyBank 1 Life Storage - 212                  
6.06 Property KeyBank 1 Life Storage - 386                  
6.07 Property KeyBank 1 Life Storage - 256                  
6.08 Property KeyBank 1 Life Storage - 206                  
6.09 Property KeyBank 1 Life Storage - 324                  
6.10 Property KeyBank 1 Life Storage - 236                  
6.11 Property KeyBank 1 Life Storage - 184                  
6.12 Property KeyBank 1 Life Storage - 500                  
6.13 Property KeyBank 1 Life Storage - 288                  
6.14 Property KeyBank 1 Life Storage - 299                  
6.15 Property KeyBank 1 Life Storage - 209                  
6.16 Property KeyBank 1 Life Storage - 035                  
6.17 Property KeyBank 1 Life Storage - 074                  
6.18 Property KeyBank 1 Life Storage - 252                  
6.19 Property KeyBank 1 Life Storage - 033                  
6.20 Property KeyBank 1 Life Storage - 205                  
6.21 Property KeyBank 1 Life Storage - 300                  
6.22 Property KeyBank 1 Life Storage - 026                  
6.23 Property KeyBank 1 Life Storage - 361                  
6.24 Property KeyBank 1 Life Storage - 165                  
6.25 Property KeyBank 1 Life Storage - 208                  
6.26 Property KeyBank 1 Life Storage - 211                  
6.27 Property KeyBank 1 Life Storage - 021                  
6.28 Property KeyBank 1 Life Storage - 298                  
6.29 Property KeyBank 1 Life Storage - 297                  
6.30 Property KeyBank 1 Life Storage - 153                  
6.31 Property KeyBank 1 Life Storage - 075                  
6.32 Property KeyBank 1 Life Storage - 152                  
7 Both Natixis 1 Uline Arena                  
8 Both Natixis 1 10000 Santa Monica Boulevard                  
9 Both Natixis 1 765 Broad Street                  
10 Both KeyBank 1 Rivertop Apartments                  
11 Both KeyBank 1 Ocean Edge Resort & Golf Club 40.9% 325.04 132.78 41.1% 318.93 130.99 40.3% 319.48 128.72
12 Both KeyBank 1 Loudoun Gateway II and III                  
13 Both KeyBank 1 Village at Knapp’s Crossing                  
14 Both Barclays 1 200 North Warner Road                  
15 Both Barclays 1 Moffett Towers II - Buildings 3 & 4                  
16 Loan RMF 2 Mr. D’s Self Storage Portfolio                  
16.01 Property RMF 1 Bohemia Self Storage                  
16.02 Property RMF 1 Bay Shore Self Storage                  
17 Both Barclays 1 One Main Plaza                  
18 Both SGFC 1 Crocs Distribution Center                  
19 Both Natixis 1 Walgreens South Beach                  
20 Both Natixis 1 SpringHill Suites Newark 61.0% 142.60 86.92 NAV NAV NAV NAV NAV NAV
21 Both Barclays 1 Storage Etc. - Los Feliz                  

 

A-1-29

 

 

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

 

          HOTEL OPERATING STATISTICS
Mortgage Loan Number Loan/Prop. Mortgage Loan Seller(1) # of Properties Property Name 2018 Occupancy (%) 2018 ADR ($) 2018 RevPAR ($) 2017 Occupancy (%) 2017 ADR ($) 2017 RevPAR ($) 2016 Occupancy (%) 2016 ADR ($) 2016 RevPAR ($)
22 Loan SGFC 2 Bison Portfolio                  
22.01 Property SGFC 1 Spring Creek                  
22.02 Property SGFC 1 Steele Crossing                  
23 Both SGFC 1 145 Spring Street                  
24 Both KeyBank 1 North Heights Plaza                  
25 Both Barclays 1 Southchase Village                  
26 Both Barclays 1 Scottsdale Gateway II                  
27 Loan BSPRT 13 NMR Pharmacy Portfolio                  
27.01 Property BSPRT 1 WAG - Knoxville, TN                  
27.02 Property BSPRT 1 WAG - Cincinnati, OH                  
27.03 Property BSPRT 1 WAG - Huntington, IN                  
27.04 Property BSPRT 1 CVS - Dublin, OH                  
27.05 Property BSPRT 1 CVS - Ashland, KY                  
27.06 Property BSPRT 1 WAG - Akron, OH                  
27.07 Property BSPRT 1 Rite Aid/PNC ATM - Dayton, OH                  
27.08 Property BSPRT 1 CVS - Bristol, VA                  
27.09 Property BSPRT 1 CVS - Bristol, TN                  
27.10 Property BSPRT 1 CVS - Evans, GA                  
27.11 Property BSPRT 1 WAG - Henderson, KY                  
27.12 Property BSPRT 1 CVS - Summerfield, NC                  
27.13 Property BSPRT 1 Rite Aid - Hermitage, PA                  
28 Both Barclays 1 The Firebrand Hotel 71.2% 158.94 98.41 62.7% 156.94 98.41 NAV NAV NAV
29 Loan BSPRT 2 Delaware Retail Portfolio                  
29.01 Property BSPRT 1 Cypress Hall Shopping Center                  
29.02 Property BSPRT 1 Meadowood Shopping Center                  
30 Both KeyBank 1 Providence Pavilion                  
31 Both KeyBank 1 Extra Space - McLean                  
32 Both Barclays 1 Residence Inn - Hoover, AL 85.1% 111.97 95.29 84.9% 107.27 86.00 79.6% 108.10 86.00
33 Both BSPRT 1 Aloft Dulles North 79.1% 91.88 72.66 75.9% 89.11 67.68 83.0% 83.33 69.18
34 Both RMF 1 Kohl’s Highland Heights                  
35 Both KeyBank 1 Paradise Foothills Apartments                  
36 Both Barclays 1 Home2 Suites - Lithia Springs, GA NAV NAV NAV NAV NAV NAV NAV NAV NAV
37 Both BSPRT 1 Beau Terre Apartments                  
38 Both Natixis 1 Westar Place                  
39 Both Barclays 1 Candlewood Suites - Terre Haute IN 88.1% 91.87 80.89 82.1% 92.37 75.82 86.6% 89.88 70.59
40 Both Barclays 1 Hen House Marketplace                  
41 Both Barclays 1 North Plains Self Storage                  
42 Both Barclays 1 The Burgundy                  
43 Both KeyBank 1 Dollar Self Storage - Chandler                  
44 Both Barclays 1 Vineland Leased Fee                  
45 Both RMF 1 Stor & Go Self Storage                  
46 Both Barclays 1 Fairfield Inn - Calhoun, GA 77.3% 107.45 83.10 81.8% 104.57 80.82 80.9% 99.91 80.82
47 Both Barclays 1 Oak Brook Apartments                  
48 Both SGFC 1 LA Fitness Spring                  
49 Loan Natixis 4 Vanguard Portfolio                  
49.01 Property Natixis 1 425 Old Morehall Road                  
49.02 Property Natixis 1 1001 Cedar Hollow Road                  
49.03 Property Natixis 1 50 Morehall Road                  
49.04 Property Natixis 1 60 Morehall Road                  
50 Both RMF 1 Xtra Room Self Storage                  
51 Both RMF 1 Marval Plaza                  
52 Both BSPRT 1 Brownsville Plaza                  
53 Both KeyBank 1 Lake Bluff Village                  
54 Both BSPRT 1 Sandstone Apartments                  
55 Both KeyBank 1 Bayfield MHP                  

 

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Footnotes to Annex A-1

 

(1)“Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller; “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller; “Natixis” denotes Natixis Real Estate Capital LLC as Mortgage Loan Seller; “SGFC” denotes Societe Generale Financial Corporation as Mortgage Loan Seller; “RMF” denotes Rialto Mortgage Finance, LLC as Mortgage Loan Seller; “BSPRT” denotes BSPRT CMBS Finance, LLC as Mortgage Loan Seller.

 

(2)With respect to Loan No. 2, Presidential City, the mortgaged property is comprised of 1,015 multifamily units and 78,483 square feet of commercial space.

 

With respect to Loan No. 7, Uline Arena, the mortgaged property consists of two contiguous buildings totaling 248,381 square feet that contain mixed-use office (181,685 square feet) and retail space (66,696 square feet) and an attached four-story parking garage (167 spaces) located in northeast Washington, D.C.

 

With respect to Loan No. 18, Crocs Distribution Center, the mortgaged property is comprised of 555,251 square feet of industrial, warehouse/distribution space, which includes 15,000 square feet of office space and 204,749 square feet of expansion space. The entire space, after giving effect to an expansion, will not exceed 760,000 square feet.

 

With respect to Loan No. 23, 145 Spring Street, the mortgaged property is comprised of 1,474 square feet of office space, 1,200 square feet of retail space and five multifamily units.

 

(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. 11, Ocean Edge Resort & Golf Club, 13 of the 337 rooms at the Ocean Edge Resort & Golf Club Mortgaged Property are owned by individual condominium owners and operated as part of the mortgaged property via assigned rental management services agreements. The units, historical cashflows and underwritten cashflows are in each case inclusive of the 13 condominium units.

 

With respect to Loan No. 15, Moffett Towers II – Buildings 3 & 4, the Moffett Towers II – Buildings 3 & 4 mortgaged property features access to a 59,648 square foot non-collateral fitness/amenities building and an enclosed parking structure (the “Common Area Spaces”). To govern access to the Common Area Spaces, the borrower is subject to a declaration of covenants, conditions, restrictions, easement and charges agreement (the “CCR”) made by MT II LLC, an affiliate of the borrower sponsor. The CCR grants the borrower non-exclusive easement rights over the Common Area Spaces. Ownership of the Common Area Spaces governed by the CCR is held by Moffett Towers II Association LLC (the “Association”), whose membership is comprised of the borrower and the owners of buildings 1, 2 and 5. The Association is obligated to maintain insurance coverage for the Common Area Spaces and is also responsible for the maintenance of the Common Area Spaces, subject to the terms of the Facebook leases. The CCR delineates shares of the voting interest in the Association based on the number of buildings at the Moffett Towers II campus, with each completed building entitled to a proportionate share of the voting interest. Each building is entitled to a one-fifth share (20.0%) share of the voting interest in the Association.

 

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

 

For tenants that are one of the top 5 tenants (by net rentable area leased) at mortgaged properties secured by the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in the preliminary prospectus.

 

With respect to Loan No. 3, Ceasar’s Bay Shopping Center, the Second Largest Tenant, Target, has accepted its space but is finishing its own build out and has not yet opened for business. The borrower sponsor expects the tenant to take occupancy of its space by August 2020. At origination, the borrower deposited $4,567,700 and $2,511,385 into a free rent reserve and TI/LC reserve, respectively, which covers all outstanding free rent and TI/LC obligations remaining for such tenant.

 

With respect to Loan No. 4, NEMA San Francisco, the mortgaged property contains 90 affordable units. San Francisco’s Inclusionary Housing Program requires all new multifamily developments to either (i) pay an affordable housing fee, or (ii) meet the inclusionary requirement by leasing a percentage of the units as ‘below

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market rate’ units at a price that is affordable to low and middle-income households. The NEMA San Francisco mortgaged property will meet the city’s Inclusionary Housing Program requirements by maintaining 90 (11.9%) of the 754 units as affordable rental units for 55 years. The maximum rent that can be charged for an affordable unit is determined by the City of San Francisco each year based on San Francisco County’s Area Median Income (“AMI”) as published by the Department of Housing and Urban Development. For the NEMA San Francisco mortgaged property, the affordable units are set at rates affordable to households earning 55% of the AMI. It is anticipated that the affordable units’ rent will increase at 2% per annum going forward, according to the borrower sponsor. Pursuant to the related loan documents, the borrower is required to comply with the related affordable housing documents and a failure to do so would result in an event of default under the related loan documents. However, such failure to comply does not automatically result in recourse except to the extent the failure constitutes willful misconduct.

 

With respect to Loan No. 7, Uline Arena, the Third Largest Tenant, Pact Inc., representing 15.8% of the net rentable area at the mortgaged property, has not yet taken occupancy and is currently building out its space. Pact Inc. is not required to commence paying rent until May 1, 2020 (which date may be extended if there are construction delays) and has a partial free rent period from May 1, 2020 through October 2023.

 

With respect to Loan No. 7, Uline Arena, the Largest Tenant at the mortgaged property, Recreational Equipment, Inc., has subleased 1,052 square feet of its space to La Colombe, which uses the space to operate a coffee shop within Recreational Equipment, Inc.’s space. La Colombe’s sublease expires in January 2027 and includes one five-year extension option. Under the sublease, La Colombe has an option to terminate if it fails to meet or exceed $600,000 in gross receipts for any calendar year after the fourth sublease year (2020) and Recreational Equipment, Inc. has a right to terminate the sublease if La Colombe fails to produce its gross receipt report. Notwithstanding the sublease, Recreational Equipment, Inc. remains liable for its obligations under the primary lease with the Uline Arena borrower.

 

With respect to Loan No. 9, 765 Broad Street, the Largest Tenant, Newark Public School, originally leased 97,101 square feet at the mortgaged property and later expanded its space by an additional 101,412 square feet on the fourth through seventh floors. In November 2019, the Newark Public School is expected to take occupancy of the fourth, fifth, and seventh floors, and, upon completion of certain tenant improvement projects estimated to be completed in December 2019, is expected to take occupancy of the sixth floor.

 

With respect to Loan No. 15, Moffett Towers II – Buildings 3 & 4, the sole tenant at the mortgaged property, Facebook, has a free rent period from August 2019 to December 2019. At origination, the borrower reserved $16,127,329 representing free rent under the Facebook lease.

 

With respect to Loan No. 18, Crocs Distribution Center, the sole tenant, Crocs, Inc., is in occupancy but is in a free rent period until March 2020. At origination, the borrower reserved $520,372, in respect of the projected and anticipated amount of (i) interest payments and (ii) deposits to be made into (a) the tax and insurance subaccount on account of real estate taxes, (b) the capital reserve subaccount and (c) the rollover reserve subaccount, in each case, during the free rent period under the Crocs, Inc. lease (together, the “Crocs Free Rent Period Payments”).

 

(5)With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Definitions” in the preliminary prospectus, 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. 1, GNL Office and Industrial Portfolio, the Appraised Value ($) represents the “As Portfolio” value of $370,310,000, 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 $364,710,000. The Current LTV (%) and Maturity/ARD LTV (%) representing the sum of the “as-is” appraised values are 55.9% and 55.9%, respectively.

 

With respect to Loan No. 6, Inland Life Storage Portfolio, the Appraised Value ($) represents the “As Portfolio” value of $225,000,000, which includes a portfolio premium applied 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 $212,100,000. The Current LTV (%), and Maturity/ARD LTV (%) representing the sum of the “as-is” Appraised Values are 65.6% and 56.5%, respectively.

 

With respect to Loan No. 7, Uline Arena, Current LTV (%) is calculated based off of the “As Complete” value of $212,000,000 as of July 1, 2021, which assumes that all tenants with executed leases are in occupancy and

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paying rent. As of July 26, 2019, the Uline Arena Property was 92.1% leased (including approximately 69,910 square feet that were not yet occupied). At origination, the Uline Arena borrower deposited approximately (i) $1.8 million in a gap rent reserve, which represents the total underwritten rent between the origination date and the anticipated lease commencement dates and (ii) $7.5 million in a free rent reserve for outstanding free rent for various tenants during the term of the Uline Arena Whole Loan. The Current LTV (%) and Maturity/ARD LTV (%) are based on the “As Complete” value. The Current LTV (%) and Maturity/ARD LTV (%) based on the “As Is” value of $194,000,000 are 61.9% and 61.9%, respectively.

 

With respect to Loan No. 9, 765 Broad Street, Current LTV (%) is calculated based off of the “As Stabilized” value of $51,900,000 as of January 1, 2020, which assumes that Newark Public School (“NPS”) takes occupancy of the fourth, fifth and seventh floors and exercises its right of first offer to lease the sixth floor space no later than January 1, 2020. As of February 26, 2019, the mortgaged property was 100.0% leased (including approximately 101,412 square feet that were not yet occupied). At origination, the borrower deposited (i) $271,519 into an NPS free rent reserve for free rent due under all of the NPS leases at the mortgaged property through 2021; (ii) $226,868 into an NPS parking credit reserve for parking credits (rent offsets) owed to NPS under its leases through 2021; (iii) $332,612 into an NPS gap rent reserve for the debt service shortfall between origination through the expected outside date for NPS to take occupancy of its space; (iv) $4,852,814 into a rollover reserve for outstanding tenant improvements and leasing commissions; and (v) $4,763,371 into a reserve account for the NPS lease commencement applying to the sixth floor space. Upon receipt of the signed lease for the sixth floor space on June 19, 2019, $4,763,371 was released to the borrower. The Current LTV (%) and Maturity/ARD LTV (%) are based on the “As Stabilized” value. The Current LTV (%) and Maturity/ARD LTV (%) are based on the “As Is” value of $46,100,000 are 73.4% and 73.4%, respectively.

 

With respect to Loan No. 15, Moffett Towers II – Buildings 3 & 4, the Appraised Value ($)is a prospective market value that assumes that any remaining construction costs have been paid and Facebook, the sole tenant, has taken occupancy, completed construction and commenced rental payments (expected January 1, 2020 for Building 3 and December 1, 2019 for Building 4, pursuant to its leases). The borrower reserved $23,165,933 for remaining construction costs and $16,127,329 representing 100% of the free rent. Facebook has taken possession of its space and is currently constructing its interior improvements. The as-is appraised value is $726.0 million as of May 3, 2019 and is inclusive of deductions for rent concessions and outstanding tenant improvements and leasing commissions, equating to a Current LTV (%) and Maturity LTV (%) of 48.2%.

 

With respect to Loan No. 18, Crocs Distribution Center, the appraisal provided an “as-stabilized” value of $35,800,000 as of February 1, 2020 for the mortgaged property based on the tenant’s six-month free rent period having expired and all construction completion costs having been paid in full. The Current LTV (%), and Maturity/ARD LTV (%) representing the sum of the “as-is” appraised value of $33,000,000 are 69.7% and 63.3%, respectively.

 

With respect to Loan No. 25, Southchase Village, the Appraised Value ($)reflects an “as-is” value which includes an extraordinary assumption that $500,000 was reserved for tenant improvements and leasing commissions. At origination, the borrower reserved $500,000 for general TI/LCs and $220,380 for outstanding TI/LCs. The Current LTV (%) and Maturity/ARD LTV (%) based on the as-is value excluding the TI/LC extraordinary assumption of $26,350,000 are 62.7% and 62.7%, respectively.

 

With respect to Loan No. 26, Scottsdale Gateway II, the Appraised Value ($) reflects an “as-stabilized” value of $23,900,000 for the mortgaged property with the assumption that two tenants at the mortgaged property will commence paying rent on November 1, 2019. The Current LTV (%) and Maturity/ARD LTV (%) based on the “as-is” value of $23,500,000 are 70.2% and 61.2%, respectively.

 

With respect to Loan No. 27, NMR Pharmacy Portfolio, the Appraised Value ($) is $50,700,000, which reflects a portfolio premium attributed to the aggregate “as-is” values of the individual NMR Pharmacy Portfolio mortgaged properties if such mortgaged properties were sold together as a portfolio on a bulk basis . The sum of the values of each of the mortgaged properties on an individual basis is $47,645,000, which results in a Current LTV (%) and Maturity/ARD LTV (%) of 66.7%.

 

With respect to Loan No. 32, Residence Inn – Hoover, AL, the Appraised Value ($)reflects an extraordinary assumption that the borrower will reserve $350,000 for capital improvements. At origination, the borrower escrowed $1,000,000 into a property improvement reserve. The Current LTV (%) and Maturity/ARD LTV (%) based on the “as-is” value excluding the extraordinary assumption of $16,700,000 are 71.1% and 56.2%.

 

With respect to Loan No. 33, Aloft Dulles North, the “Hypothetical As-Stabilized” Appraised Value of $20,000,000 as of August 20, 2019 assumes that the amount for the remaining PIP work would be escrowed by the lender and would be available to a prospective buyer to fund the PIP work at the Aloft Dulles North mortgaged property. The Aloft Dulles North borrowers deposited upfront PIP reserves totaling $2,997,900, which represents 125% of

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the estimated costs of the remaining PIP work. The Current LTV (%) and Maturity/ARD LTV (%) representing the “As-Is” Appraised Values are 68.2% and 54.9%, 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.

 

With respect to Loan No. 4, NEMA San Francisco, control rights are currently exercised by the holder of the NCMS 2019-NEMA securitization trust as holder of the related subordinate companion loan until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—NEMA San Francisco” in the preliminary prospectus.

 

With respect to Loan No. 8, 10000 Santa Monica Boulevard, control rights are currently exercised by the NCMS 2019-10K securitization trust as holder of the Note A-B. Note A-B is the controlling note until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—10000 Santa Monica Boulevard” in the preliminary prospectus.

 

With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, control rights are currently exercised by the holder of the related subordinate companion loan until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—Moffett Towers II – Buildings 3 & 4” in the preliminary prospectus.

 

With respect to Loan No. 49, Vanguard Portfolio, control rights are currently exercised by the holder of the related subordinate companion loan until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—Vanguard Portfolio” in the preliminary prospectus.

 

(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 Loan Nos. 1, 2, 3, 4, 5, 6, 7, 8, 11, 15, 22, 27, and 49, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” under “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. 23, 145 Spring Street, a Grace Period (Default) of five days is allowed. The grace period for an event of default is zero days on maturity and five days for the monthly payment of principal and interest.

 

(11)With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, the Moffett Towers II – Buildings 3 & 4 Whole Loan is structured with an anticipated repayment date of July 6, 2029 (the “ARD”) and a stated maturity date of June 6, 2034. The monthly debt service payments are based on an initial interest rate of 3.76386%, and are interest-only through and including the ARD and the stated maturity date. Commencing on the ARD and each payment date thereafter, the Moffett Towers II – Buildings 3 & 4 Whole Loan will accrue interest at an adjusted interest rate, as defined in the Moffett Towers II - Buildings 3 & 4 Whole Loan documents; however, interest accrued at the excess of the adjusted interest rate over the initial interest rate will be deferred. In addition, from and after the ARD, all excess cash flow from the Moffett Towers II – Buildings 3 & 4 mortgaged property after the payment of the reserves for tax and insurance, and mortgage and mezzanine interest calculated at the initial interest rate will be applied as provided in “Description of the Mortgage Pool—The Whole Loans—The A/B Whole Loans—The Moffett Towers II – Buildings 3 & 4 Whole Loan” in the preliminary prospectus.

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With respect to Loan No. 18, Crocs Distribution Center, the mortgage loan is structured with an anticipated repayment date of October 1, 2029 (the “ARD”) and a stated maturity date of September 1, 2030. The monthly debt service payments are based on an initial interest rate of 4.04000% through the ARD, and are interest-only through and including October 1, 2024. The Crocs Distribution Center mortgage loan will begin amortizing on November 1, 2024. Commencing on the ARD and each payment date thereafter, the Crocs Distribution Center mortgage loan will accrue interest at an adjusted interest rate, as defined in the Crocs Distribution Center mortgage loan documents; however, interest accrued at the excess of the adjusted interest rate over the initial interest rate will be deferred. In addition, from and after the ARD, all rents from the Crocs Distribution Center mortgaged property will be deposited into the deposit account and applied subject to the terms in the mortgage loan documents.

 

With respect to Loan No. 48, LA Fitness Spring, the mortgage loan is structured with an anticipated repayment date of October 1, 2029 (the “ARD”) and a stated maturity date of September 1, 2034. The monthly debt service payments are based on an initial interest rate of 4.37000% through the ARD, and are interest-only through and including October 1, 2023. The LA Fitness Spring mortgage loan will begin amortizing on November 1, 2023. Commencing on the ARD and each payment date thereafter, the LA Fitness Spring mortgage loan will accrue interest at an adjusted interest rate, as defined in the LA Fitness Spring mortgage loan documents. In addition, from and after the ARD, all rents from the LA Fitness Spring mortgaged property will be deposited into the deposit account and applied subject to the terms in the mortgage loan documents.

 

(12)The “L” component of the prepayment provision represents lockout payments.

 

The “Def” component of the prepayment provision represents defeasance payments.

 

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—Releases; Partial Releases” in the preliminary prospectus.

 

With respect to Loan Nos. 2 and 27, the lockout period will be at least as long as indicated herein. Defeasance is permitted after the earlier of (i) two years from the closing date of the final REMIC securitization that includes the last note to be securitized and (ii) a specified date that is more than two years after the BBCMS 2019-C5 securitization closing date. The lockout period indicated herein is based on the expected BBCMS 2019-C5 securitization closing date in November 2019. The actual lockout period may be longer.

 

With respect to Loan No. 2, Presidential City, the mortgage loan is locked out prior to December 8, 2021. A prepayment under the mezzanine loans that is made between December 8, 2021 and prior to June 8, 2029 would result in a pro rata prepayment of the mortgage loan. On or after December 8, 2021, any prepayment of the mezzanine loan will be accompanied by a yield maintenance premium to the mezzanine lenders. Upon any prepayment of the mezzanine loan, a pro rata prepayment or defeasance is required under the mortgage loan. On or after June 8, 2029, a prepayment under the mezzanine loan would result in a pro rata prepayment of the mortgage loan, without the payment of a yield maintenance premium or defeasance payment to the mortgage lender or the mezzanine lenders.

 

(13)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,” “—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. 2, Presidential City, the whole loan includes one B-note with an original principal balance of $100.6 million, which is not included in the BBCMS 2019-C5 securitization trust. All loan level metrics are based on the Presidential City whole loan balance excluding the B-note and two mezzanine loans with a combined original principal balance of $72.4 million.

 

With respect to Loan No. 3, Ceasar’s Bay Shopping Center, future mezzanine debt is permitted provided, among other conditions (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio is no

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greater than 48.93%, (iii) the combined debt yield is no less than 12.12%, (iv) the combined debt service coverage ratio is no less than 3.96x, (v) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (vi) the borrower obtains rating agency confirmation.

 

With respect to Loan No. 4, NEMA San Francisco, the NEMA San Francisco whole loan includes three subordinate notes, Note A-B, Note B-1, and Note B-2, which have an aggregate Cut-off Date Balance of $179,000,000 and are not included in the BBCMS 2019-C5 securitization trust. All loan-level metrics are based on the NEMA San Francisco whole loan balance excluding the A-B note and B-notes.

 

With respect to Loan No. 6, Inland Life Storage Portfolio, the borrower may obtain unsecured financing up to $13,910,000 provided that no event of default has occurred and is continuing.

 

With respect to Loan No. 7, Uline Arena, mezzanine debt is permitted provided that, among other things, (i) the combined debt service coverage ratio is no less than 1.75x, (ii) the combined debt yield is no less than 7.18%, (iii) the combined loan-to-value ratio is no more than 57.7% and (iv) an intercreditor agreement is required.

 

With respect to Loan No. 8, 10000 Santa Monica Boulevard, the 10000 Santa Monica Boulevard whole loan includes a subordinate A-B Note, which has a Cut-off Date Balance of $130,000,000 and is not included in the BBCMS 2019-C5 securitization trust. All loan level metrics are based on the 10000 Santa Monica Boulevard whole loan balance excluding the A-B Note.

 

With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, the Moffett Towers II - Buildings 3 & 4 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 $155.0 million and are not included in the BBCMS 2019-C5 securitization trust. All loan level metrics are based on the Moffett Towers II - Buildings 3 & 4 Whole Loan balance excluding the B-Notes.

 

With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, mezzanine debt consists of an $85.0 million mezzanine loan. The mezzanine loan has an interest rate of 5.7500%. The Moffett Towers II – Buildings 3 & 4 mezzanine loan is interest-only for the full term of the loan and has a stated maturity date that is coterminous with the stated maturity date of the Moffett Towers II – Buildings 3 & 4 Whole Loan.

 

With respect to Loan No. 16, Mr. D’s Self Storage Portfolio, future mezzanine debt is permitted provided, among other conditions, (i) the combined loan-to-value ratio will not be greater than 59.7%, (ii) the combined debt service coverage ratio based on trailing twelve month period will not be less than 1.85x, (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (iv) if required, the borrower obtains rating agency confirmation.

 

With respect to Loan No. 19, Walgreens South Beach, future mezzanine debt is permitted provided, among other conditions, (i) the mezzanine lender must be acceptable to the lender; (ii) the maximum amount of the mezzanine debt will not exceed $5,380,000; (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender; (iv) the combined loan-to-value ratio will not be greater than 80.0%, (v) the combined debt service coverage ratio determined by the lender will not be less than 1.10x, and (iv) if required, the borrower obtains rating agency confirmation.

 

With respect to Loan No. 21, Storage Etc. - Los Feliz, future mezzanine debt is permitted provided, among other conditions, (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio is no greater than 18.36%, (iii) the combined debt yield exceeds 29.21%, and (iv) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender.

 

With respect to Loan No. 23, 145 Spring Street, there is an existing $2.5 million mezzanine loan that was originated contemporaneously with the mortgage loan that is not included in the BBCMS 2019-C5 securitization trust. The 145 Spring Street mortgage loan and mezzanine loan have a combined Cut-off Date Balance of $21.0 million. All total debt metrics are based on the 145 Spring Street mortgage loan balance including the mezzanine loan.

 

With respect to Loan No. 24, North Heights Plaza, future mezzanine debt is permitted provided, among other things: (i) a combined loan-to-value ratio of not more than 70%, (ii) the combined debt service coverage ratio is not less than 1.60x, and (iii) an intercreditor agreement is required.

 

With respect to Loan No. 24, North Heights Plaza, the preferred equity partner receives an 8% preferred return on its contributions. Distributions will first reduce any unpaid preferred return for prior years, and then reduce the unpaid preferred return for the current year. Additionally, certain thresholds must be met and following a 15%

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internal rate of return, the split of any remaining cash flow is 80% to the borrower sponsor and 20% to the preferred equity partner.

 

With respect to Loan No. 27, NMR Pharmacy Portfolio, a mezzanine loan with an original principal balance of $8,500,000 in favor of BSPRT CMBS Finance, LLC, the originator of the mortgage loan, is secured by an equity interest in the borrower. The mezzanine loan has an interest rate of 11.00000%. The NMR Pharmacy Portfolio mezzanine loan is interest-only for the full term of the loan and has a stated maturity date that is coterminous with the NMR Pharmacy Portfolio mortgage loan.

 

With respect to Loan No. 30, Providence Pavilion, operating cash flow and net proceeds from capital events will be distributed (a) first, to the preferred member and (b) then, to the other subordinated members in accordance with their relative interests.

 

With respect to Loan No. 35, Paradise Foothills Apartments, future mezzanine debt is permitted provided, among other things: (i) a combined loan-to-value ratio of not more than 55%, (ii) a combined debt service coverage ratio as calculated per the loan documents of not less than 2.99x, (iii) an executed intercreditor agreement, and (iv) rating agency confirmation.

 

With respect to Loan No. 36, Home2 Suites - Lithia Springs, GA, future mezzanine debt is permitted provided, among other conditions (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio is no greater than 65.7%, (iii) the combined debt yield is no less than 14.42%, (iv) the combined debt service coverage ratio is no less than 2.43x, (v) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (vi) the borrower obtains rating agency confirmation.

 

With respect to Loan No. 45, Stor & Go Self Storage, future mezzanine debt is permitted provided, among other conditions, (i) the combined loan-to-value ratio will not be greater than 68.1%, (ii) the combined debt service coverage ratio based on trailing twelve month period will not be less than 1.49x, (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (iv) if required, the borrower obtains rating agency confirmation.

 

With respect to Loan No. 49, Vanguard Portfolio, the Vanguard Portfolio whole loan includes one subordinate B Note which has a Cut-off Date Balance of $12,982,500 and is not included in the BBCMS 2019-C5 Trust. All loan level metrics are based on the Vanguard Portfolio whole loan balance excluding the B-Note.

 

With respect to Loan No. 50, Xtra Room Self Storage, future mezzanine debt is permitted provided, among other conditions, (i) the combined loan-to-value ratio will not be greater than 65.5%, (ii) the combined debt service coverage ratio based on trailing twelve month period will not be less than 1.57x, (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (iv) if required, the borrower obtains rating agency confirmation.

 

(14)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 12 principal and interest payments after the Note Date during the term of the mortgage loan.

 

(15)With respect to Loan No. 3, Ceasar’s Bay Shopping Center, the rent for the Second Largest Tenant, Target, is straight-lined through the term of the whole loan.

 

With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, the rent for the Largest Tenant, Facebook, is straight-lined through lease expiration in 2034.

 

With respect to Loan No. 18, Crocs Distribution Center, the rent for the sole tenant at the mortgaged property, Crocs, Inc., commences six months after the lease commencement date of September 6, 2019.

 

With respect to Loan No. 22, Bison Portfolio, the rent for the Third Largest Tenant at the Spring Creek mortgaged property, TJ Maxx, is straight-lined through lease expiration in 2029.

 

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

 

(17)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. 1, GNL Office and Industrial Portfolio, historical financials were unavailable from the sellers.

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With respect to Loan No. 2, Presidential City, historical financials are unavailable as the Presidential City mortgaged property was under renovation between 2015 and 2017.

 

With respect to Loan No. 4, NEMA San Francisco, 2018 Revenues ($), 2018 Total Expenses ($), and 2018 NOI ($) are based on trailing twelve months financials as of November 30, 2018.

 

With respect to Loan No. 7, Uline Arena, the borrower sponsor redeveloped the mortgaged property in 2016 and 2017. As a result, 2016 and 2017 NOI are not available.

 

With respect to Loan No. 9, 765 Broad Street, the mortgaged property underwent recent renovation and the seller provided limited operating history for the property.

 

With respect to Loan No. 10, Rivertop Apartments, historical financials are unavailable because the mortgaged property was built in 2019.

 

With respect to Loan No. 13, Village at Knapp’s Crossing, historical financials are unavailable because the mortgaged property was built in multiple stages between 2011 and 2019.

 

With respect to Loan No. 15, Moffett Towers II - Buildings 3 & 4, historical financials are unavailable because the Moffett Towers II - Buildings 3 & 4 mortgaged property was built in 2019.

 

With respect to Loan No. 17, One Main Plaza, the 2016 historical financials are unavailable due to the recent acquisition of the fee interest in the mortgaged property in 2018.

 

With respect to Loan No. 18, Crocs Distribution Center, the mortgaged property has limited operating history due to the recent completion of the improvements and the recent commencement of the Crocs, Inc. lease.

 

With respect to Loan No. 19, Walgreens South Beach, the mortgage loan represents acquisition financing and the seller provided limited operating history for the property.

 

With respect to Loan No. 20, SpringHill Suites Newark, the mortgaged property was built in 2018 and the seller provided limited operating history for the property.

 

With respect to Loan No. 24, North Heights Plaza, historical financials prior to 2018 are unavailable because the mortgaged property was acquired by the borrower in August 2017.

With respect to Loan No. 25, Southchase Village, the mortgage loan represents acquisition financing and the seller provided limited operating history for the property.

 

With respect to Loan No. 36, Home2 Suites - Lithia Springs, GA, historical financials are unavailable because the Home2 Suites - Lithia Springs, GA mortgaged property was built in 2018.

 

With respect to Loan No. 42, The Burgundy, the mortgage loan represents acquisition financing and the seller provided limited operating history for the property.

 

With respect to Loan No. 47, Oak Brook Apartments, the 2016 historical financials are unavailable due to acquisition in January 2017.

 

With respect to Loan No. 48, LA Fitness Spring, historical financials are unavailable because the LA Fitness Spring mortgaged property was built in 2019.

 

With respect to Loan No. 49, Vanguard Portfolio, the mortgage loan represents acquisition financing and the seller provided limited operating history for the portfolio.

 

(18)With respect to Loan No. 3, Ceasar’s Bay Shopping Center, the mortgaged property is subject to a ground lease that commenced on April 1, 1966 and expires December 31, 2065. The current ground lease rent is $728,190 and is subject to an increase every year equal to $90,000 plus the increase in cost of living, with the next adjustment date on January 1, 2020. The ground lease rent increase is not permitted to be less than $90,000 on any adjustment date.

 

With respect to Loan No. 5, Equinix Data Center, the whole loan is secured by the borrower’s fee interest in the land and shell of the buildings. The tenant’s leasehold interest and the improvements are not part of the collateral for the whole loan. The square footage presented represents the non-collateral improvements.

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With respect to Loan No. 17, One Main Plaza, the mortgaged property is subject to a ground lease that commenced on February 10, 1986 and expires February 28, 2055. The leasehold interest is owned by the sponsor and is part of the security for the mortgage loan, and any and all ground lease payments are returned to the sponsor. As a result, the ground lease payment has been underwritten as $0.

 

With respect to Loan No. 18, Crocs Distribution Center, the mortgage loan is secured by the borrower’s fee/subleasehold interest in the mortgaged property. The mortgaged property is subject to a ground lease between the Dayton-Montgomery County Port Authority, as ground lessee, and the borrower, as ground lessor. The ground lease commenced on January 24, 2019 and expires January 1, 2044. The current ground lease rent is $1 per year, which amount was paid prior to origination.

 

With respect to Loan No. 18, Crocs Distribution Center, the mortgaged property was ground leased by NP Dayton Building IV, LLC to the Dayton-Montgomery County Port Authority. The Dayton-Montgomery County Port Authority then subleased the mortgaged property back to NP Dayton Building IV, LLC. The ground lease allowed the establishment of a bond financing package to finance the hard costs portion of development. NP Dayton Building IV, LLC entered into a Tax Increment Financing Agreement with the City of Dayton, Ohio that allows the developer to be exempt from sales tax on construction costs.

 

(19)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 mortgage loan documents.

 

With respect to Loan No. 2, Presidential City, the borrower reserved (i) $150,000 into a reserve account for the outstanding approved leasing expenses for Eastern University, and (ii) $270,833 into a reserve account for funding of free rent periods, rent abatements or rent reductions.

 

With respect to Loan No. 9, 765 Broad Street, at origination, the borrower deposited $4,763,371 into a reserve account for the Newark Public School lease commencement applying to the sixth floor space. Upon receipt of the signed lease for the sixth floor space on June 19, 2019, the $4,763,371 reserve was released to the borrower.

 

With respect to Loan No. 18, Crocs Distribution Center, the borrower reserved (i) $520,372 for a carry reserve and (ii) $1,661,244 for a Crocs project expense reserve. The carry reserve is based on the lender’s estimate of the Crocs free rent period payments. The Crocs project expense reserve will be used to pay for the costs to complete the remaining Crocs, Inc. landlord work and to pay other unpaid amounts remaining under the Crocs, Inc. lease including amounts payable with respect to retainage under any applicable contract. The lender will transfer Crocs project expenses to the Crocs project expense subaccount.

 

With respect to Loan No. 18, Crocs Distribution Center, if required in connection with any Crocs expansion alterations in accordance with the related mortgage loan documents, the borrower will deposit 125% of the amount reasonably estimated by the lender to be sufficient to pay for the Crocs expansion alterations (taking into consideration the Crocs expansion GMAX contract and including reasonable soft costs), and the lender will cause such amount to be transferred to the Crocs Expansion Reserve subaccount. At any time and from time to time, the lender has the right (but not the obligation) to notify the borrower that, in the lender’s reasonable judgment, the cost of all work and services with respect to the Crocs expansion alterations that remain unpaid at the time in question exceeds the undisbursed funds in the Crocs Expansion Reserve subaccount (the “Crocs Expansion Reserve Shortfall”). Upon notification from the lender, within ten days the borrower will deposit an amount equal to the Crocs Expansion Reserve Shortfall, which will be deposited into the Crocs Expansion Reserve subaccount.

 

With respect to Loan No. 20, SpringHill Suites Newark, all LTV ratios, DSCRs and Debt Yields are calculated assuming the full loan amount of $20,500,000. A one-time request for holdback disbursement can be granted provided that the following conditions are satisfied: (i) the amount disbursed, which when added to the holdback adjusted principal balance of $18,727,156, results in a debt yield of not less than 10.2%; and (ii) no event of default has occurred or is continuing. If the holdback has not been released by September 1, 2020, the lender may apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full holdback balance is applied to the full loan amount of $20,500,000, Current LTV (%), Maturity/ARD LTV (%), U/W NOI DSCR (x), U/W NCF DSCR (x), Current U/W NOI Debt Yield (%) and Current U/W NCF Debt Yield (%) are 63.9%, 57.7%, 1.76x, 1.59x, 11.3% and 10.2%, respectively.

 

With respect to Loan No. 22, Bison Portfolio, the borrower reserved (i) $9,865 for a free rent reserve to fund rents for leases that are currently subject to gap rent, free rent periods, rent abatements and/or rent reductions and (ii) $294,190 for an outstanding TI/LC reserve.

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With respect to Loan No. 23, 145 Spring Street, the borrower reserved $117,842 for a violations reserve for violations work and violation clearances as identified in the mortgage loan documents.

 

With respect to Loan No. 27, NMR Pharmacy Portfolio, the borrower reserved $30,172 in HVAC-related expenses owed by the borrower sponsor to the sole tenant at the Rite Aid – Hermitage, PA mortgaged property.

 

With respect to Loan No. 33, Aloft Dulles North, the borrower reserved $2,997,900 upfront for a PIP Reserve for the existing property improvement plan.

 

With respect to Loan No. 52, Brownsville Plaza, the borrower reserved $10,000 for the payment of any reimbursement, credit or other sums owed by borrower, as landlord, to Christopher J. Eberley (doing business as Kinesis Physical Therapy) under its respective lease.

 

(20)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 mortgage 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. 2, Presidential City, on a monthly basis the borrower is required to reserve (i) $12,688 through August 2020, and (ii) $21,146 commencing in September 2020 for capital reserves until the balance on deposit in the capital reserve is equal to or exceeds $761,250.

 

With respect to Loan No. 8, 10000 Santa Monica Boulevard, the borrower is required to pay to the lender on each loan payment date 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies upon the expiration thereof in order to accumulate with the lender sufficient funds to pay all such insurance premiums at least 30 days prior to the expiration of the policies. However, provided that (i) no loan event of default is continuing under the 10000 Santa Monica Boulevard whole loan documents and (ii) the borrower has provided the lender with evidence reasonably satisfactory to the lender that any insurance required to be maintained by the borrower under the loan agreement and/or any other loan document is effected under a blanket policy reasonably acceptable to the lender, the borrower will not be required to make deposits for insurance premiums.

 

With respect to Loan No. 11, Ocean Edge Resort & Golf Club, a Monthly Capex Reserve ($) is required to be maintained in an amount at least equal to 5% of total gross income from operations less golf revenue, membership revenue and audio/visual revenue of the prior month. The calculated Monthly Capex Reserve ($), as of origination is $112,542.

 

With respect to Loan No. 11, Ocean Edge Resort & Golf Club, the borrowers are required to deposit into a seasonality reserve, on a monthly basis from and including June through and including September, the Seasonality Reserve Monthly Deposit (for the month of June, $500,000, (ii) for the month of July, $2,000,000, (iii) for the month of August, $2,000,000, or such lesser amount as is required to reach the applicable Seasonality Reserve Fully Funded Amount, and (iv) for the month of September, the amount, if any, required to reach $4,084,680). If the amount on deposit in the seasonality reserve on September 30 of any calendar year is less than the applicable Seasonality Reserve Fully Funded Amount for such year, then on or before October 30 of such calendar year, the borrowers are required to deposit sufficient additional funds to cause the seasonality reserve to be equal to the $4,084,680 cap.

 

With respect to Loan No. 13, Village at Knapp’s Crossing, when the TI/LC reserve falls below the $430,000 cap, the borrower will be required to escrow $7,164 on a monthly basis for tenant improvements and leasing commissions.

 

With respect to Loan No. 18, Crocs Distribution Center, the borrower is required to escrow 1/12th of the lender’s estimate for annual real estate taxes on a monthly basis, after giving credit for amounts with respect to real estate taxes on deposit in the carry reserve subaccount, into the tax and insurance reserve subaccount.

 

With respect to Loan No. 18, Crocs Distribution Center, on a monthly basis the borrower is required to deposit into the capital reserve subaccount an amount equal to 1/12th of the product obtained by multiplying $0.03 by the aggregate number of rentable square feet of space in the mortgaged property, including any Crocs expansion space from and after the substantial completion of any Crocs expansion alterations, (after giving credit for amounts with respect to capital expenses on deposit in the carry reserve subaccount).

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With respect to Loan No. 18, Crocs Distribution Center, the borrower is required to escrow 1/12th of the product of (i) $0.17 and (ii) the aggregate number of rentable square feet of space in the mortgaged property, including any Crocs expansion space from and after the substantial completion of any Crocs expansion alterations (after giving credit for amounts with respect to capital approved leasing expenses (as defined in the loan agreement) on deposit in the carry reserve subaccount), on a monthly basis into the rollover reserve subaccount, until the balance on deposit in the rollover reserve subaccount equals or exceeds $1,054,977.

 

With respect to Loan No. 20, SpringHill Suites Newark, the borrower is required to deposit $3,515 into a seasonal reserve on a monthly basis during the period between February and November, inclusive.

 

With respect to Loan No. 22, Bison Portfolio, the borrower is required to escrow $6,632 on a monthly basis for the capital expense reserve subaccount until the balance on deposit in the capital expense reserve equals or exceeds the $250,000 reserve cap.

 

With respect to Loan No. 33, Aloft Dulles North, the mortgage loan documents provide for ongoing monthly reserves for FF&E in an amount equal to (i) 1/12th of 2.0% of annual gross revenues beginning on the payment date in November 2020 up to and including the payment date in October 2021, (ii) 1/12th of 3.0% of annual gross revenues beginning on the payment date in November 2021 and up to and including the payment date in October 2022 and (iii) 1/12th of 4.0% of annual gross revenues on each payment date thereafter. If the gross revenue for the preceding year is greater than the gross revenue for the current year, the calculation will be based off the prior year’s gross revenue.

 

With respect to Loan No. 33, Aloft Dulles North, the mortgage loan documents provided for an upfront deposit into a seasonality reserve of $50,000. On each monthly payment date in May, June, and July during the term of the mortgage loan, the borrower will be required to deposit an amount equal to $16,700, subject to a cap of $50,000.

 

With respect to Loan No. 36, Home2 Suites - Lithia Springs, GA, a monthly CapEx Reserve ($) is required in an amount equal to 1/12th of (i) 2.0% of gross income from operations for years 1 and 2, (ii) 3.0% of gross income from operations for year 3, and (iii) 4.0% of gross income from operations for years 4-10.

 

With respect to Loan No. 38, Westar Place, the borrower is required to (i) escrow $21,041.78 on a monthly basis for rollover reserves prior to the Primary Tenant Lease Renewal Date, or (ii) escrow $7,793.25 on a monthly basis for rollover reserves from and after the Primary Tenant Lease Renewal Date. Primary Tenant Lease Renewal Date” means the date the borrower has delivered to lender (i) a fully executed and effective renewal or extension of the primary tenant lease for a term that expires no earlier than October 31, 2031, at an average base rental rate, over the first five years of such renewal or extended term, that is equal to or greater than $13.60 per square foot per year and (ii) an acceptable tenant estoppel from primary tenant.

 

With respect to Loan No. 52, Brownsville Plaza, the borrower is required to escrow $424 on a monthly basis for capital expense reserves, which will be increased by two percent (2%) on each anniversary of the note date.

 

With respect to Loan No. 54, Sandstone Apartments, the borrower is required to escrow $958 on a monthly basis for capital expense reserves, which will be increased 2% on each anniversary of the note date.

 

(21)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. 4, NEMA San Francisco, the borrower is required to escrow $14,890 on a monthly basis for capital expense reserves until the balance on deposit in the capital reserve subaccount equals or exceeds the $250,000 capital reserve cap. Once the capital reserve cap is satisfied, the borrower will not be required to make monthly payments until the account balance is equal to or less than $178,684.

 

With respect to Loan No. 7, Uline Arena, the borrower is required to escrow $20,698 on a monthly basis into the rollover reserve subaccount, subject to a cap of $496,762. The cap will be suspended if (i) occupancy at the mortgaged property falls below 80%, (ii) the debt service coverage ratio falls below 1.15x, or (iii) a cash trap period occurs.

 

With respect to Loan No. 8, 10000 Santa Monica Boulevard, once the capital expense cap of $250,000 is reached, to the extent a Monthly Capex Reserve ($) would result in the aggregate amount of capital expense funds in the capital expense account exceeding the $250,000 capital expense cap, such Monthly Capex Reserve ($) will be decreased by an amount equal to such excess and be less than $81,711 in the aggregate and,

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accordingly, to the extent the aggregate amount of capital expense funds in the capital expense account is less than the $81,711 capital expense minimum amount, such Monthly Capex Reserve ($) will be increased by an amount equal to such deficiency.

 

With respect to Loan No. 12, Loudoun Gateway II and III, the TI/LC initial cap will be suspended upon CACI International Inc.’s S&P credit rating falling to BB- or lower and be reinstated upon achieving a S&P credit rating of BB or higher.

 

With respect to Loan No. 13, Village at Knapp’s Crossing, when the TI/LC reserve falls below the $430,000 cap, the borrower is required to escrow $7,164 on a monthly basis for tenant improvements and leasing commissions.

 

With respect to Loan No. 18, Crocs Distribution Center, if at any time prior to satisfaction of the carry reserve release condition, the funds in the carry reserve subaccount are less than the amount then determined by the lender to cover the projected and anticipated Carry Obligations for the Crocs free rent period (such amount, the “Carry Reserve Target Balance”), within five business days of notice of the same the borrower is required to deposit an amount such that the funds on deposit in the carry reserve subaccount will be equal to the Carry Reserve Target Balance. The borrower’s obligations are continuing obligations and the borrower will be required to make such deposit at any time that the lender determines that the amount of funds on deposit in the carry reserve subaccount are less than the Carry Reserve Target Balance.

 

With respect to Loan No. 25, Southchase Village, when the TI/LC reserve falls below $500,000, the borrower is required to escrow $19,051 on a monthly basis for tenant improvements and leasing commissions.

 

With respect to Loan No. 29, Delaware Retail Portfolio, the Monthly TI/LC Reserve ($) amount equals $6,583.27 on a monthly basis for TI/LC expense reserves until the balance on deposit in the TI/LC subaccount equals or exceeds the $325,000 TI/LC reserve capped amount. Once the TI/LC reserve cap amount is met or exceeded, no monthly TI/LC deposits are required until the account balance of the TI/LC Reserve is less than $325,000.

 

With respect to Loan No. 38 Westar Place, from and after the Primary Tenant Lease Renewal Date, if the balance in the rollover reserve is equal to the sum of (i) $200,000, plus (ii) the total amount determined by lender, to be necessary to pay for all primary tenant lease renewal expenses, then the borrower will not be required to make any monthly deposits to the rollover reserve. If, at any time following the cessation of monthly deposits, the balance of the rollover reserve is less than the rollover reserve threshold, then, upon lender’s notice, the borrower will resume making monthly deposits to the rollover reserve with such payments to begin on the first payment date following such notice and continuing until such time as the balance of the rollover reserve again equals to the rollover reserve threshold.

 

With respect to Loan No. 49, Vanguard Portfolio, the borrower is required to escrow $7,108.23 on a monthly basis for capital expense reserves until the balance on deposit in the capital reserve subaccount equals or exceeds the $255,896 capital reserve cap amount. Once the capital reserve cap amount is met, monthly payments do not begin again until the account balance is equal to or less than $128,000.

 

 

(22)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. 14, 200 North Warner Road, the Second Largest Tenant, Acriscure, LLC/ Odell Studner, has two separate lease expiration dates for its combined 19,662 square feet of space: (i) the lease for 15,393 square feet will expire on November 30, 2023; and (ii) the lease for 4,269 square feet will expire on November 30, 2026.

 

With respect to Loan No. 17, One Main Plaza, the Largest Tenant, County of Maui, has three separate lease expiration dates for its combined 37,795 square feet of space: (i) the lease for 2,044 square feet is month-to-month, (ii) the leases for 8,716 square feet will expire on June 30, 2023; and (iii) the leases for 27,035 square feet will expire on June 30, 2027.

 

With respect to Loan No. 17, One Main Plaza, the Second Largest Tenant, GSA, has four separate lease expiration dates for its combined 15,541 square feet of space: (i) the lease for 2,185 square feet will expire on August 31, 2021; (ii) the lease for 1,865 square feet will expire on April 3, 2022; (iii) the lease for 7,502 square feet will expire on April 30, 2025 and (iv) the lease for 3,989 square feet will expire on December 14, 2026.

 

(23)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.

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(24)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, Presidential City, the Largest Tenant, Rogers Memorial Hospital (“Rogers”), has a one-time option to termination its lease at any time between October 1, 2023 and March 31, 2024 provided that (i) Rogers is not then in default under its lease, (ii) Rogers provides written notice to the landlord and (iii) Rogers pays a lease termination payment equal to the sum of (a) all amounts due and payable under the lease through the termination date and (b) the unamortized (1) tenant improvement allowance and (2) brokerage commissions paid or payable in connection with the Rogers lease (assuming in each case, a straight line amortization over the initial lease term).

 

With respect to Loan No. 5, Equinix Data Center, the sole tenant at the mortgaged property, Equinix, Inc., may terminate its lease effective December 31, 2048 without payment of any termination fee by providing written notice to the borrower no later than December 31, 2047.

 

With respect to Loan No. 7, Uline Arena, the Fifth Largest Tenant, Antunovich Associates, has a one-time right to terminate its lease on October 31, 2024 if the tenant has not exercised its right of first offer to lease the space directly contiguous to the leased premises, provided Antunovich Associates provides the Uline Arena borrower with 12 months’ prior written notice.

 

With respect to Loan No. 12, Loudoun Gateway II and III, the Largest Tenant, CACI International Inc, has the options to terminate (i) up to 30,000 square feet in Loudoun Gateway II effective September 4, 2023 with 9 months’ notice and (ii) any, or all, of its space in Loudoun Gateway II effective September 4, 2025 with 9 months’ notice.

 

With respect to Loan No. 14, 200 North Warner Road, the Fourth Largest Tenant, Quadgen Wireless Solutions, has the right to terminate its lease effective October 31, 2023 by providing at least 270 days’ prior written notice to the borrower and paying a fee equal to unamortized transaction costs at an interest rate of 8%.

 

With respect to Loan No. 17, One Main Plaza, the Largest Tenant, County of Maui, has 17 separate leases at the property. All leases have a termination option if its government funding is completely eliminated such that there remain no funds available to fund the obligations of its lease. Additionally, the Largest Tenant has the right to terminate its leases effective from January 2020 to July 2023 depending on the lease by providing at least 120 days’ prior written notice to the borrower.

 

With respect to Loan No. 17, One Main Plaza, the Second Largest Tenant, GSA, has a termination option for 7,502 square feet of its space effective April 30, 2020 by providing at least 60 days’ prior written notice to the borrower. Additionally, the Second Largest Tenant has a termination option for 5,854 square feet of its space with 60 days’ written notice.

 

With respect to Loan No. 17, One Main Plaza, the Fifth Largest Tenant, State Judiciary, has an ongoing termination option to terminate its lease at any time by providing at least 90 days’ prior written notice to the borrower.

 

With respect to Loan No. 19, Walgreens South Beach, the single tenant, Walgreens, has a lease that expires on March 31, 2069 and seven termination options occurring every five years, with the first option on March 30, 2034. Each termination option requires a 6-month notice.

 

With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Knoxville, TN mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of December 31, 2026, December 31, 2031, December 31, 2036, December 31, 2041, December 31, 2046, December 31, 2051, December 31, 2056 and December 31, 2061.

 

With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Cincinnati, OH mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of August 31, 2028, August 31, 2033, August 31, 2038, August 31, 2043, August 31, 2048, August 31, 2053, August 31, 2058, and August 31, 2063.

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With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Akron, OH mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of February 29, 2028, February 28, 2033, February 28, 2038, February 28, 2043 and February 29, 2048.

 

 

With respect to Loan No. 27, NMR Pharmacy Portfolio, the Largest Tenant at the WAG – Huntington, IN mortgaged property, Walgreens, has the option to terminate the lease (with at least six months prior notice) as of January 31, 2026, January 31, 2031, January 31, 2036, January 31, 2041, January 31, 2046, January 31, 2051, January 31, 2056, January 31, 2061, January 31, 2066, January 31, 2071 and January 31, 2076.

 

With respect to Loan No. 29, Delaware Retail Portfolio, the Second Largest Tenant at the Cypress Hall Shopping Center mortgaged property, Dollar Tree, has the right to terminate its lease if its sales do not exceed $1,200,000 ($133 / PSF) from the 49th month through the 60th month of its lease term. The tenant is not required to report its sales unless they wish to terminate.

 

With respect to Loan No. 30, Providence Pavilion, the Second Largest Tenant, Walgreens has the option to terminate its lease effective August 31, 2030 with 6 months’ notice.

 

With respect to Loan No. 51, Marval Plaza, the Fifth Largest Tenant, Nail Salon, may terminate its lease upon notice given to the borrower if the tenant is unable to occupy its space after December 14, 2019 because the buildout construction by the borrower has not been completed or a prior tenant is still in occupancy of the space.

 

(25)With respect to Loan No. 4, NEMA San Francisco, the SK Business Trust (Sonny Kahn, as trustee), the RF Business Trust (Russell W. Galbut, as trustee) and the Menin 1998 Business Trust (Bruce A. Menin, as trustee, and, together with Sonny Kahn and Russell W. Galbut, the “Individual Trustees”), are collectively, the “guarantor”. Pursuant to the Guaranty of Recourse Obligations dated February 8, 2019 (the “Guaranty”), by Sonny Kahn, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003, Russell W. Galbut, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009 and Bruce A. Menin, not personally or individually (except to the extent expressly set forth in the Guaranty), but solely as trustee of the Menin 1998 Business Trust pursuant to that certain Restated and Amended Declaration of Trust dated

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November 6, 2009, the guarantor agreed to irrevocably, absolutely and unconditionally guaranty to the mortgage loan seller, and its successors and assigns, the full, prompt and complete payment of (i) the borrower’s recourse liabilities under the loan agreement and (ii) from and after the date that any springing recourse event occurs, payment of all amounts due under the loan agreement.

 

In the event that the trust for whom an Individual Trustee is acting as trustee is (a) voluntarily revoked, terminated or otherwise voluntarily ceases to exist, then such Individual Trustee will have personal liability under the guaranty and will become a guarantor under the Guaranty or (b) involuntarily revoked, terminated or otherwise ceases to exist (involuntarily or by operation of law), then such Individual Trustee will have personal liability under the Guaranty and will become a guarantor under the Guaranty; provided, however, in the event of this clause (b), the liability of such Individual Trustee will not exceed the sum of the assets of the trust estate received by such individual guarantor plus any assets to which such Individual Trustee would have been entitled but for such revocation, termination or cessation of existence. At such time, such Individual Trustee will be required to provide financial statements to the lender that are true and correct in all material respects and fairly present the financial condition of such Individual Trustee as of such date.

 

With respect to Loan No. 4, NEMA San Francisco, the borrower sponsor is one of a number of companies operating under the trade name “Crescent Heights”, whose senior principals are Sonny Kahn, Russell W. Galbut and Bruce A. Menin. Crescent Heights is a real estate development brand based in Miami, Florida, whose senior principals have over 30 years of industry experience. The borrower is indirectly owned by the guarantors. As of September 30, 2018, the guarantors reported a collective net worth and liquidity of approximately $803.5 million and $94.7 million, respectively.

 

With respect to Loan No. 8, 10000 Santa Monica Boulevard, Sonny Kahn, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the SK Business Trust pursuant to that certain Declaration of Trust dated December 31, 2003; Russell Galbut, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the RF Business Trust pursuant to that certain Amendment and Restatement of the RF Business Trust dated November 3, 2009; Bruce A. Menin, not personally or individually (except as set forth in section 6.17(c) and (d) of the guaranty), but solely as trustee of the Menin 1998 Business Trust (Bruce A. Menin, as trustee, and, together with Sonny Kahn and Russell W. Galbut, the “Individual Trustees”), pursuant to that certain Restated and Amended Declaration of Trust dated November 6, 2009 (the “Guaranty”), the guarantor agreed to irrevocably and unconditionally guaranty to the loan seller, and its successors and assigns, the payment and performance of (i) the borrower’s recourse liabilities under the loan agreement and (ii) from and after the date that any springing recourse event occurs, payment of all amounts due under the mortgage loan agreement.

 

In the event that the trust for whom an Individual Trustee is acting as trustee is (a) voluntarily revoked, terminated or otherwise voluntarily ceases to exist, then such Individual Trustee will have personal liability under the guaranty and will become a carve-out guarantor under the Guaranty or (b) involuntarily revoked, terminated or otherwise ceases to exist (involuntarily or by operation of law), then such Individual Trustee will have personal liability under the Guaranty and will become a carve-out guarantor under the Guaranty; provided, however, in such event, the liability of such Individual Trustee may not exceed the sum of the assets of the trust estate received by such individual guarantor plus any assets to which such Individual Trustee would have been entitled but for such revocation, termination or cessation of existence. At such time, such Individual Trustee will be required to provide financial statements to the lender that are true and correct in all material respects and fairly present the financial condition of such Individual Trustee as of such date.

 

With respect to Loan No. 8, 10000 Santa Monica Boulevard, the borrower sponsor is one of a number of companies operating under the trade name “Crescent Heights”, whose senior principals are Sonny Kahn, Russell W. Galbut and Bruce A. Menin. Crescent Heights is a real estate development brand based in Miami, Florida, whose senior principals have over 30 years of industry experience. The borrower is indirectly owned by the guarantors. As of September 30, 2018, the guarantors reported a collective net worth and liquidity of approximately $803.5 million and $94.7 million, respectively.

 

With respect to Loan No. 49, Vanguard Portfolio, the Vanguard Portfolio whole loan is structured with a master lease structure to create a Shari’ah compliant structure, so there is no guarantor for the Vanguard Portfolio whole loan. The borrowers and the borrower sponsor are the sole parties liable for any breach or violation of the non-recourse carveouts. The master lessees are owned 100.0% by Great Valley Properties Investor Company LLC, which is owned 100.0% by Great Valley Properties Investor Corp. Great Valley Properties Investor Corp. is owned 2.1% by Great Valley Properties Investment Company Ltd. and 97.9% by Great Valley Properties Property Company Ltd. Great Valley Properties Investment Company Ltd. is owned by twelve investors, none of which holds, directly or indirectly, a 10.0% or more ownership interest in Great Valley Properties Investment Company Ltd. Individuals affiliated with Soor Capital Holding W.L.L. comprise the board of directors of Great Valley Properties Investor Corp.

 

With respect to Loan No. 49, Vanguard Portfolio, the borrower sponsors are Arch Street Capital Advisors, L.L.C. and Great Valley Properties Investor Company LLC. The Vanguard Portfolio Whole Loan is structured with a master lease structure to create a Shari’ah compliant structure, so there is no guarantor for the Vanguard Portfolio Whole Loan. The borrowers and the borrower sponsor are the sole parties liable for any breach or violation of the non-recourse carveouts. All of the master lessees are owned by Great Valley Properties Investor Company LLC, which is owned by Great Valley Properties Investor Corp. Great Valley Properties Investor Corp. is owned 2.1% by Great Valley Properties Investment Company Ltd. and 97.9% by Great Valley Properties Property Company Ltd. Great Valley Properties Investment Company Ltd. is owned by twelve investors, none of which holds, directly or indirectly, a 10.0% or more ownership interest in Great Valley Properties Investment Company Ltd. Individuals affiliated with Soor Capital Holding W.L.L. comprise the board of directors of Great Valley Properties Investor Corp.

 

(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.

 

With respect to Loan No. 2, Presidential City, the mortgage loan is structured with a hard lockbox for the commercial tenants and a soft lockbox for the residential tenants, with in-place cash management. Concurrently with origination, the borrower was required to notify each non-residential tenant of the mortgaged property to remit all amounts due with respect to the mortgaged property directly to the lockbox account. All funds will be deposited (directly by non-residential tenants and by the property manager for residential tenants within two business days of receipt) into the lockbox account and will be transferred on a daily basis to the cash management account under the sole dominion and control of the lender. Any payments received from residential tenants in connection with the early termination or cancellation of residential leases) will be deposited into the Clearing Account within two business days of receipt.

 

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With respect to Loan No. 4, NEMA San Francisco, the whole loan is structured with a soft lockbox for residential tenants and a hard lockbox for commercial tenants, with in-place cash management. At origination, the borrower established an account (the “Clearing Account”) into which income from the mortgaged property is required to be deposited. At origination, the borrower delivered a tenant direction letter to each existing commercial tenant at the mortgaged property directing them to remit their rent checks directly into the Clearing Account; the borrower is also required to deliver tenant direction letters to each commercial tenant entering into a lease after the origination date. All rents received by the borrower or the manager are required to be deposited into the Clearing Account within 2 business days of receipt. The mortgaged property contains approximately 11,184 square foot rentable ground floor retail with frontage along Market Street and 10th Street. The retail component is currently 26.0% occupied by two tenants and 54.6% leased to three tenants (including one tenant pending a CUP).

 

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