FREE WRITING PROSPECTUS | ||
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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | % of Initial Pool Balance |
Mortgage Loan Originator(1) |
Mortgage Loan Seller(1) |
Original Balance |
Cut-off Date Balance |
Maturity/ARD Balance |
Cut-off Date Balance per SF/ Units/Rooms/Pads |
Loan Purpose |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 9.7% | WFB | WFB | $66,666,666 | $66,593,280 | $54,688,075 | $278.72 | Refinance |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | 9.6% | BANA | BANA | $66,000,000 | $66,000,000 | $66,000,000 | $141.82 | Refinance |
Property | 2.01 | Extra Space Washington | 1.3% | BANA | BANA | $8,888,672 | $8,888,672 | $8,888,672 | |||
Property | 2.02 | Extra Space San Jose | 0.6% | BANA | BANA | $4,310,175 | $4,310,175 | $4,310,175 | |||
Property | 2.03 | Extra Space San Diego | 0.6% | BANA | BANA | $4,245,328 | $4,245,328 | $4,245,328 | |||
Property | 2.04 | Extra Space Panorama City | 0.5% | BANA | BANA | $3,740,961 | $3,740,961 | $3,740,961 | |||
Property | 2.05 | Extra Space Norwalk | 0.5% | BANA | BANA | $3,713,581 | $3,713,581 | $3,713,581 | |||
Property | 2.06 | Extra Space Miami East | 0.5% | BANA | BANA | $3,494,830 | $3,494,830 | $3,494,830 | |||
Property | 2.07 | Extra Space Miami West | 0.5% | BANA | BANA | $3,488,777 | $3,488,777 | $3,488,777 | |||
Property | 2.08 | Extra Space Palo Alto | 0.5% | BANA | BANA | $3,130,533 | $3,130,533 | $3,130,533 | |||
Property | 2.09 | Extra Space Covina | 0.4% | BANA | BANA | $3,066,262 | $3,066,262 | $3,066,262 | |||
Property | 2.10 | Extra Space Gaithersburg | 0.4% | BANA | BANA | $2,791,886 | $2,791,886 | $2,791,886 | |||
Property | 2.11 | Extra Space Philadelphia | 0.4% | BANA | BANA | $2,683,231 | $2,683,231 | $2,683,231 | |||
Property | 2.12 | Extra Space Westminster | 0.4% | BANA | BANA | $2,637,118 | $2,637,118 | $2,637,118 | |||
Property | 2.13 | Extra Space Newark | 0.3% | BANA | BANA | $2,361,301 | $2,361,301 | $2,361,301 | |||
Property | 2.14 | Extra Space Essex | 0.3% | BANA | BANA | $2,145,432 | $2,145,432 | $2,145,432 | |||
Property | 2.15 | Extra Space New Bedford | 0.3% | BANA | BANA | $2,079,432 | $2,079,432 | $2,079,432 | |||
Property | 2.16 | Extra Space Birmingham | 0.3% | BANA | BANA | $2,073,668 | $2,073,668 | $2,073,668 | |||
Property | 2.17 | Extra Space Haverhill | 0.3% | BANA | BANA | $1,987,205 | $1,987,205 | $1,987,205 | |||
Property | 2.18 | Extra Space Shrewsbury | 0.3% | BANA | BANA | $1,868,463 | $1,868,463 | $1,868,463 | |||
Property | 2.19 | Extra Space Dallas | 0.2% | BANA | BANA | $1,539,039 | $1,539,039 | $1,539,039 | |||
Property | 2.20 | Extra Space Enfield | 0.2% | BANA | BANA | $1,415,397 | $1,415,397 | $1,415,397 | |||
Property | 2.21 | Extra Space San Diego Miramar | 0.2% | BANA | BANA | $1,388,882 | $1,388,882 | $1,388,882 | |||
Property | 2.22 | Extra Space Shawnee | 0.1% | BANA | BANA | $1,028,908 | $1,028,908 | $1,028,908 | |||
Property | 2.23 | Extra Space Overland Park | 0.1% | BANA | BANA | $1,028,908 | $1,028,908 | $1,028,908 | |||
Property | 2.24 | Extra Space Tucson | 0.1% | BANA | BANA | $892,009 | $892,009 | $892,009 | |||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | 9.2% | WFB | WFB | $63,000,000 | $63,000,000 | $63,000,000 | $385.20 | Refinance |
Loan | 5, 9, 16 | 4 | One Dulles Tower | 9.2% | WFB | WFB | $63,000,000 | $63,000,000 | $63,000,000 | $376.59 | Acquisition |
Loan | 5 | 5 | Airport Business Center | 7.7% | WFB | WFB | $53,000,000 | $53,000,000 | $53,000,000 | $128.14 | Refinance |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | 5.9% | WFB | WFB | $40,326,936 | $40,326,936 | $30,281,794 | $138,411.07 | Acquisition |
Property | 6.01 | Hilton Garden Inn Bend | 1.0% | WFB | WFB | $7,065,930 | $7,065,930 | $5,305,859 | |||
Property | 6.02 | Hampton Inn & Suites Bend | 1.0% | WFB | WFB | $7,019,444 | $7,019,444 | $5,270,952 | |||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | 1.0% | WFB | WFB | $6,787,012 | $6,787,012 | $5,096,417 | |||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | 1.0% | WFB | WFB | $6,740,525 | $6,740,525 | $5,061,510 | |||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | 0.9% | WFB | WFB | $6,438,364 | $6,438,364 | $4,834,615 | |||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | 0.5% | WFB | WFB | $3,254,047 | $3,254,047 | $2,443,488 | |||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | 0.4% | WFB | WFB | $3,021,615 | $3,021,615 | $2,268,953 | |||
Loan | 5, 6 | 7 | North Bay Portfolio | 5.1% | BANA | BANA | $35,000,000 | $35,000,000 | $32,087,880 | $105.43 | Refinance |
Property | 7.01 | Petaluma Business Center | 2.0% | BANA | BANA | $14,080,925 | $14,080,925 | $12,909,344 | |||
Property | 7.02 | South Petaluma Business Center | 1.7% | BANA | BANA | $11,895,954 | $11,895,954 | $10,906,170 | |||
Property | 7.03 | Lakeville Business Center | 1.3% | BANA | BANA | $9,023,121 | $9,023,121 | $8,272,367 | |||
Loan | 8 | Prescott Valley Crossroads | 4.7% | BANA | BANA | $32,010,000 | $32,010,000 | $28,295,265 | $127.45 | Refinance | |
Loan | 6 | 9 | WMC Portfolio | 4.3% | MSBNA | MSMCH | $29,812,500 | $29,812,500 | $25,641,468 | $112.62 | Refinance |
Property | 9.01 | Oak Summit | 2.3% | MSBNA | MSMCH | $16,067,290 | $16,067,290 | $13,819,334 | |||
Property | 9.02 | Wytheville Commons | 1.5% | MSBNA | MSMCH | $10,112,280 | $10,112,280 | $8,697,483 | |||
Property | 9.03 | Chatham Crossing | 0.5% | MSBNA | MSMCH | $3,632,930 | $3,632,930 | $3,124,651 | |||
Loan | 5, 11, 12 | 10 | The Gateway | 4.0% | BANA | BANA | $27,500,000 | $27,500,000 | $27,500,000 | $263,157.89 | Refinance |
Loan | 11 | One Lincoln Station | 3.9% | WFB | WFB | $27,000,000 | $27,000,000 | $27,000,000 | $183.44 | Acquisition | |
Loan | 13 | 12 | Shoppes of Benton | 3.3% | MSBNA | MSMCH | $22,975,000 | $22,975,000 | $18,887,390 | $132.22 | Refinance |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | 2.2% | NCCB | NCB | $15,300,000 | $15,289,439 | $13,596,440 | $86,871.81 | Refinance |
Loan | 14 | Peninsula Ridge | 1.9% | MSBNA | MSMCH | $13,000,000 | $13,000,000 | $11,445,657 | $135,416.67 | Refinance | |
Loan | 15 | Warm Springs Promenade | 1.9% | MSBNA | MSMCH | $13,000,000 | $12,985,776 | $10,673,307 | $73.75 | Refinance | |
Loan | 16 | Holiday Inn BWI Airport | 1.7% | MSBNA | MSMCH | $11,760,000 | $11,747,737 | $9,719,853 | $85,749.91 | Acquisition | |
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | 1.5% | BANA | BANA | $10,000,000 | $10,000,000 | $10,000,000 | $70.75 | Acquisition |
Property | 17.01 | StorageOne at Lone Mountain | 0.8% | BANA | BANA | $5,748,503 | $5,748,503 | $5,748,503 | |||
Property | 17.02 | StoreMore Self Storage | 0.6% | BANA | BANA | $4,251,497 | $4,251,497 | $4,251,497 | |||
Loan | 18 | Dollar Self Storage | 1.2% | MSBNA | MSMCH | $8,000,000 | $8,000,000 | $6,565,926 | $96.88 | Refinance | |
Loan | 19 | South Academy Highlands | 1.1% | MSBNA | MSMCH | $7,350,000 | $7,350,000 | $6,103,742 | $320.99 | Refinance | |
Loan | 20 | Miami Heights MHC | 1.0% | BANA | BANA | $6,700,000 | $6,692,982 | $5,534,282 | $47,807.01 | Refinance | |
Loan | 21 | Dunes Retail Center | 1.0% | WFB | WFB | $6,590,000 | $6,567,114 | $4,955,465 | $182.41 | Refinance | |
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | 0.9% | NCCB | NCB | $6,100,000 | $6,085,727 | $5,152,446 | $50,714.39 | Refinance |
Loan | 14 | 23 | Park City Self Storage | 0.9% | BANA | BANA | $6,000,000 | $6,000,000 | $6,000,000 | $76.92 | Refinance |
Loan | 24 | Boca Chica Plaza | 0.9% | WFB | WFB | $6,000,000 | $5,993,699 | $4,954,315 | $82.38 | Refinance | |
Loan | 14 | 25 | Booth Street Owners Corp. | 0.8% | NCCB | NCB | $5,500,000 | $5,496,101 | $4,876,126 | $43,276.39 | Refinance |
Loan | 14 | 26 | Sparrows Lodge | 0.7% | BANA | BANA | $5,000,000 | $5,000,000 | $5,000,000 | $250,000.00 | Refinance |
Loan | 27 | Peter Pan MHC | 0.7% | BANA | BANA | $4,850,000 | $4,850,000 | $4,850,000 | $51,595.74 | Refinance | |
Loan | 28 | 27 Orinda Way | 0.7% | WFB | WFB | $4,500,000 | $4,500,000 | $4,299,615 | $301.93 | Recapitalization | |
Loan | 14 | 29 | Wesley House Ltd. | 0.6% | NCCB | NCB | $4,000,000 | $4,000,000 | $4,000,000 | $52,631.58 | Refinance |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | 0.4% | NCCB | NCB | $3,050,000 | $3,050,000 | $3,050,000 | $42,957.75 | Refinance |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | 0.4% | NCCB | NCB | $3,000,000 | $2,990,709 | $2,371,541 | $83,075.25 | Refinance |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | 0.4% | NCB | NCB | $2,750,000 | $2,746,406 | $2,197,188 | $20,964.93 | Refinance |
Loan | 33 | Skylark MHC | 0.4% | BANA | BANA | $2,550,000 | $2,550,000 | $2,550,000 | $54,255.32 | Refinance | |
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | 0.4% | NCCB | NCB | $2,500,000 | $2,492,208 | $1,973,399 | $37,760.72 | Refinance |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | 0.3% | NCCB | NCB | $2,250,000 | $2,250,000 | $2,250,000 | $24,193.55 | Refinance |
Loan | 15 | 36 | Sunnyvale Medical Plaza | 0.3% | MSBNA | MSMCH | $2,130,000 | $2,123,170 | $1,635,107 | $184.75 | Acquisition |
Loan | 14 | 37 | Burnham House, Inc. | 0.3% | NCCB | NCB | $2,000,000 | $1,997,459 | $1,605,324 | $181,587.14 | Refinance |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | 0.3% | NCCB | NCB | $2,000,000 | $1,997,312 | $1,590,525 | $17,675.33 | Refinance |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | 0.3% | NCB | NCB | $2,000,000 | $1,993,776 | $1,579,297 | $13,845.67 | Refinance |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | 0.2% | NCCB | NCB | $1,620,000 | $1,617,113 | $1,178,963 | $59,893.09 | Refinance |
Loan | 41 | Jonesboro Self Storage | 0.2% | BANA | BANA | $1,376,250 | $1,376,250 | $1,214,377 | $30.48 | Acquisition | |
Loan | 42 | Rio Seco MHC | 0.2% | BANA | BANA | $1,240,000 | $1,240,000 | $1,240,000 | $18,787.88 | Refinance |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Sponsor | Non-Recourse Carveout Guarantor | No. of Properties | General Property Type | |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | The Taubman Realty Group Limited Partnership | The Taubman Realty Group Limited Partnership | 1 | Retail | |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | Extra Space Storage Inc.; TH Real Estate | Extra Space Storage Inc. | 21 | ||
Property | 2.01 | Extra Space Washington | Self Storage | |||||
Property | 2.02 | Extra Space San Jose | Self Storage | |||||
Property | 2.03 | Extra Space San Diego | Self Storage | |||||
Property | 2.04 | Extra Space Panorama City | Self Storage | |||||
Property | 2.05 | Extra Space Norwalk | Self Storage | |||||
Property | 2.06 | Extra Space Miami East | Self Storage | |||||
Property | 2.07 | Extra Space Miami West | Self Storage | |||||
Property | 2.08 | Extra Space Palo Alto | Self Storage | |||||
Property | 2.09 | Extra Space Covina | Self Storage | |||||
Property | 2.10 | Extra Space Gaithersburg | Self Storage | |||||
Property | 2.11 | Extra Space Philadelphia | Self Storage | |||||
Property | 2.12 | Extra Space Westminster | Self Storage | |||||
Property | 2.13 | Extra Space Newark | Self Storage | |||||
Property | 2.14 | Extra Space Essex | Self Storage | |||||
Property | 2.15 | Extra Space New Bedford | Self Storage | |||||
Property | 2.16 | Extra Space Birmingham | Self Storage | |||||
Property | 2.17 | Extra Space Haverhill | Self Storage | |||||
Property | 2.18 | Extra Space Shrewsbury | Self Storage | |||||
Property | 2.19 | Extra Space Dallas | Self Storage | |||||
Property | 2.20 | Extra Space Enfield | Self Storage | |||||
Property | 2.21 | Extra Space San Diego Miramar | Self Storage | |||||
Property | 2.22 | Extra Space Shawnee | Self Storage | |||||
Property | 2.23 | Extra Space Overland Park | Self Storage | |||||
Property | 2.24 | Extra Space Tucson | Self Storage | |||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | Paul Guarantor LLC | Paul Guarantor LLC | 1 | Office | |
Loan | 5, 9, 16 | 4 | One Dulles Tower | HGGP Capital VIII, LLC; HGGP Capital IX, LLC; HGGP Capital X, LLC; HGGP Capital XI, LLC; HGGP Capital XII, LLC | HGGP Capital VIII, LLC; HGGP Capital IX, LLC; HGGP Capital X, LLC; HGGP Capital XI, LLC; HGGP Capital XII, LLC | 1 | Office | |
Loan | 5 | 5 | Airport Business Center | DK Properties, L.P. | DK Properties, L.P. | 1 | Industrial | |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | Jason R. Kotter; Ryan N. Van Alfen | Jason R. Kotter; Ryan N. Van Alfen | 7 | ||
Property | 6.01 | Hilton Garden Inn Bend | Hospitality | |||||
Property | 6.02 | Hampton Inn & Suites Bend | Hospitality | |||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | Hospitality | |||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | Hospitality | |||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | Hospitality | |||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | Hospitality | |||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | Hospitality | |||||
Loan | 5, 6 | 7 | North Bay Portfolio | Basin Street Properties | Matthew T. White; William C. White | 3 | ||
Property | 7.01 | Petaluma Business Center | Industrial | |||||
Property | 7.02 | South Petaluma Business Center | Office | |||||
Property | 7.03 | Lakeville Business Center | Industrial | |||||
Loan | 8 | Prescott Valley Crossroads | Kitchell Corporation | Kitchell Development Company | 1 | Retail | ||
Loan | 6 | 9 | WMC Portfolio | Jonathan Gaines; Stanley Werb | Stanley Werb; Jonathan Gaines | 3 | ||
Property | 9.01 | Oak Summit | Retail | |||||
Property | 9.02 | Wytheville Commons | Retail | |||||
Property | 9.03 | Chatham Crossing | Retail | |||||
Loan | 5, 11, 12 | 10 | The Gateway | Prime Property Fund II, L.P.; CM Golden Gate, Inc.; Oakhill Gateway Partners, L.P. | Golden Gateway Center SPE, LLC | 1 | Multifamily | |
Loan | 11 | One Lincoln Station | Brian E. Bergersen | Brian E. Bergersen | 1 | Office | ||
Loan | 13 | 12 | Shoppes of Benton | George B. Tomlin | George B. Tomlin | 1 | Retail | |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | Peninsula Ridge | Steven B. Kimmelman; David Conwill; Keith Ritz | Steven B. Kimmelman; David Conwill; Keith Ritz | 1 | Multifamily | ||
Loan | 15 | Warm Springs Promenade | 3D Investments | George Daneshgar | 1 | Retail | ||
Loan | 16 | Holiday Inn BWI Airport | Shailesh Patel | Shailesh Ashwin Patel | 1 | Hospitality | ||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | Gregory J. Drennan; Kenneth M. Pratt; Timothy E. Wright | Gregory J. Drennan; Kenneth M. Pratt; Timothy E. Wright | 2 | ||
Property | 17.01 | StorageOne at Lone Mountain | Self Storage | |||||
Property | 17.02 | StoreMore Self Storage | Self Storage | |||||
Loan | 18 | Dollar Self Storage | Jack Thomson | John C. Thomson; Laura Ann Thomson; Thomson Family Trust | 1 | Self Storage | ||
Loan | 19 | South Academy Highlands | E. Stanley Kroenke | E. Stanley Kroenke | 1 | Retail | ||
Loan | 20 | Miami Heights MHC | James Bellinson | James Bellinson | 1 | Manufactured Housing | ||
Loan | 21 | Dunes Retail Center | Michael P. Shustak; Phillip L. Sample; Chris W. Caras Jr. | Michael P. Shustak; Phillip L. Sample; Chris W. Caras Jr. | 1 | Retail | ||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 23 | Park City Self Storage | Richard C. Metz; Ronald J. Sharp; SCC Commons, L.L.C.; Wolfe Management, L.C.; Hoff Investments, L.P. | Richard C. Metz; Ronald J. Sharp; SCC Commons, L.L.C.; Wolfe Management, L.C.; Hoff Investments, L.P. | 1 | Self Storage | |
Loan | 24 | Boca Chica Plaza | Rafael S. Chacon | Rafael S. Chacon | 1 | Retail | ||
Loan | 14 | 25 | Booth Street Owners Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 26 | Sparrows Lodge | Britten Shuford; David Dittmer; Clifford Lord | Jeffery W. Brock; Richard Crisman | 1 | Hospitality | |
Loan | 27 | Peter Pan MHC | Kim Eggleston | Kim Eggleston | 1 | Manufactured Housing | ||
Loan | 28 | 27 Orinda Way | John E. McNellis | John E. McNellis | 1 | Retail | ||
Loan | 14 | 29 | Wesley House Ltd. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 33 | Skylark MHC | Kim Eggleston | Kim Eggleston | 1 | Manufactured Housing | ||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 15 | 36 | Sunnyvale Medical Plaza | Sanjay Punjabi | Sanjay Gopaldas Punjabi; Govind Ram Manoj Kumar Lalwani; Viral Madhukant Selarka | 1 | Office | |
Loan | 14 | 37 | Burnham House, Inc. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | N/A | N/A | 1 | Multifamily | |
Loan | 41 | Jonesboro Self Storage | John Losey | Richard Schontz; Andreas Calianos; Lawrence Kaplan | 1 | Self Storage | ||
Loan | 42 | Rio Seco MHC | Kim Eggleston | Kim Eggleston | 1 | Manufactured Housing |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Detailed Property Type | Title Type | Ground Lease Initial Lease Expiration Date |
Address |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | Super Regional Mall | Fee | N/A | 27500 Novi Road |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | ||||
Property | 2.01 | Extra Space Washington | Self Storage | Fee | N/A | 1420 U Street Northwest | |
Property | 2.02 | Extra Space San Jose | Self Storage | Fee | N/A | 895 Thornton Way | |
Property | 2.03 | Extra Space San Diego | Self Storage | Fee | N/A | 8038 Arjons Drive | |
Property | 2.04 | Extra Space Panorama City | Self Storage | Fee | N/A | 8540 Cedros Avenue | |
Property | 2.05 | Extra Space Norwalk | Self Storage | Fee | N/A | 10950 Firestone Boulevard | |
Property | 2.06 | Extra Space Miami East | Self Storage | Fee | N/A | 13800 Southwest 84th Street | |
Property | 2.07 | Extra Space Miami West | Self Storage | Fee | N/A | 20625 Northeast 16th Avenue | |
Property | 2.08 | Extra Space Palo Alto | Self Storage | Fee | N/A | 999 East Bayshore Road | |
Property | 2.09 | Extra Space Covina | Self Storage | Fee | N/A | 318 North Vincent Avenue | |
Property | 2.10 | Extra Space Gaithersburg | Self Storage | Fee | N/A | 18920 Earhart Court | |
Property | 2.11 | Extra Space Philadelphia | Self Storage | Fee | N/A | 1553 Grant Avenue | |
Property | 2.12 | Extra Space Westminster | Self Storage | Fee | N/A | 6942 Garden Grove Boulevard | |
Property | 2.13 | Extra Space Newark | Self Storage | Fee | N/A | 121 Ruthar Drive | |
Property | 2.14 | Extra Space Essex | Self Storage | Fee | N/A | 6100 Rossville Boulevard | |
Property | 2.15 | Extra Space New Bedford | Self Storage | Fee | N/A | 3131 Acushnet Avenue | |
Property | 2.16 | Extra Space Birmingham | Self Storage | Fee | N/A | 2135 Columbiana Road | |
Property | 2.17 | Extra Space Haverhill | Self Storage | Fee | N/A | 50 Ferry Road | |
Property | 2.18 | Extra Space Shrewsbury | Self Storage | Fee | N/A | 53 Clinton Street | |
Property | 2.19 | Extra Space Dallas | Self Storage | Fee | N/A | 1931 Fort Worth Avenue | |
Property | 2.20 | Extra Space Enfield | Self Storage | Fee | N/A | 163 South Road | |
Property | 2.21 | Extra Space San Diego Miramar | Self Storage | Fee | N/A | 8192 Miramar Road | |
Property | 2.22 | Extra Space Shawnee | Self Storage | Fee | N/A | 12977 West 63rd Street | |
Property | 2.23 | Extra Space Overland Park | Self Storage | Fee | N/A | 7880 Mastin Drive | |
Property | 2.24 | Extra Space Tucson | Self Storage | Fee | N/A | 8100 East 22nd Street | |
Loan | 5, 9, 16 | 3 | Apple Campus 3 | Suburban | Fee | N/A | 222 North Wolfe Road |
Loan | 5, 9, 16 | 4 | One Dulles Tower | Suburban | Fee | N/A | 13200 Woodland Park Road |
Loan | 5 | 5 | Airport Business Center | Flex | Fee | N/A | 17751-18103 Sky Park Circle and 17775-17801 Main Street |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | ||||
Property | 6.01 | Hilton Garden Inn Bend | Limited Service | Fee | N/A | 425 Southwest Bluff Drive | |
Property | 6.02 | Hampton Inn & Suites Bend | Limited Service | Fee | N/A | 730 Southwest Columbia Street | |
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | Limited Service | Fee | N/A | 250 West 600 South | |
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | Limited Service | Fee | N/A | 1500 West Riverstone Drive | |
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | Limited Service | Fee | N/A | 7499 West Overland Road | |
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | Limited Service | Fee | N/A | 333 West Ironwood Avenue | |
Property | 6.07 | La Quinta Inns & Suites Twin Falls | Limited Service | Fee | N/A | 539 Pole Line Road | |
Loan | 5, 6 | 7 | North Bay Portfolio | ||||
Property | 7.01 | Petaluma Business Center | Flex | Fee | N/A | 1031, 1035, 1039, 1125-1137 North McDowell Boulevard | |
Property | 7.02 | South Petaluma Business Center | Suburban | Fee | N/A | 1800 and 2000 South McDowell Boulevard | |
Property | 7.03 | Lakeville Business Center | Flex | Fee | N/A | 1600-1622, 1670, 1690-1740, & 1758-1774 Corporate Circle | |
Loan | 8 | Prescott Valley Crossroads | Anchored | Fee | N/A | 5613, 5619, 5621, 5630, 5645, 5671, 5672, 5683, 5684, 5689, 5690, 5697, 5707, 5715, 5791 and 5963 East State Route 69 | |
Loan | 6 | 9 | WMC Portfolio | ||||
Property | 9.01 | Oak Summit | Shadow Anchored | Fee | N/A | 336 and 438 East Hanes Mill Road | |
Property | 9.02 | Wytheville Commons | Shadow Anchored | Fee | N/A | 215, 235, 265, 295, 330 & 360 Commonwealth Drive | |
Property | 9.03 | Chatham Crossing | Shadow Anchored | Fee | N/A | 14125 US Highway 64 West | |
Loan | 5, 11, 12 | 10 | The Gateway | High Rise | Fee | N/A | 550/560 Battery Street, 440 Davis Court/100 Washington Street, 155 Jackson Street, 405 Davis Court, 200 Washington Street, 99 Jackson Street, 1-9 Boston Ship Plaza, 10-13 & 25-38 Hinckley Walk, 14-24 Whaleship Plaza and 39-58 Ironship Plaza |
Loan | 11 | One Lincoln Station | Suburban | Fee/Leasehold | 3/22/2106 | 9380 Station Street | |
Loan | 13 | 12 | Shoppes of Benton | Anchored | Fee | N/A | 20380 I-30 Frontage Road |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | Cooperative | Fee | N/A | 300 East 85th Street a/k/a 1632 Second Avenue |
Loan | 14 | Peninsula Ridge | Low-Rise | Fee | N/A | 24881 Redwood Boulevard | |
Loan | 15 | Warm Springs Promenade | Anchored | Fee | N/A | 1205, 1211, 1221, 1225, 1231, 1235, 1239, 1243, 1275 and 1281 West Warm Springs Road | |
Loan | 16 | Holiday Inn BWI Airport | Full Service | Fee | N/A | 1750 West Nursery Road (a/k/a 815 Elkridge Landing Road | |
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | ||||
Property | 17.01 | StorageOne at Lone Mountain | Self Storage | Fee | N/A | 4850 North Jones Boulevard | |
Property | 17.02 | StoreMore Self Storage | Self Storage | Fee | N/A | 4680 West Craig Road | |
Loan | 18 | Dollar Self Storage | Self Storage | Fee | N/A | 11110 Limonite Avenue | |
Loan | 19 | South Academy Highlands | Anchored | Fee | N/A | 4451 & 4465 Venetucci Boulevard | |
Loan | 20 | Miami Heights MHC | Manufactured Housing | Fee | N/A | 3520 Northwest 79th Street | |
Loan | 21 | Dunes Retail Center | Anchored | Fee | N/A | 79640, 79660, 79680 & 79700 Highway 111 | |
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | Cooperative | Fee | N/A | 209-20 and 209-80 18th Avenue |
Loan | 14 | 23 | Park City Self Storage | Self Storage | Fee | N/A | 6447 North Pace Frontage Road |
Loan | 24 | Boca Chica Plaza | Unanchored | Fee | N/A | 3025 Boca Chica Boulevard | |
Loan | 14 | 25 | Booth Street Owners Corp. | Cooperative | Fee | N/A | 67-76 Booth Street |
Loan | 14 | 26 | Sparrows Lodge | Select Service | Fee | N/A | 1330 East Palm Canyon Drive |
Loan | 27 | Peter Pan MHC | Manufactured Housing | Fee | N/A | 1100 & 1140 West Alondra Boulevard | |
Loan | 28 | 27 Orinda Way | Single Tenant | Fee | N/A | 27 Orinda Way | |
Loan | 14 | 29 | Wesley House Ltd. | Cooperative | Fee | N/A | 10 Old Mamaroneck Road |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | Cooperative | Fee | N/A | 3600 Fieldston Road |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | Cooperative | Fee | N/A | 35 West 9th Street |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | Cooperative | Fee | N/A | 83-10/12 35th Avenue |
Loan | 33 | Skylark MHC | Manufactured Housing | Fee | N/A | 9113 Rosecrans Avenue | |
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | Cooperative | Fee | N/A | 2015 St. Paul Avenue |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | Cooperative | Fee | N/A | 209 Garth Road |
Loan | 15 | 36 | Sunnyvale Medical Plaza | Medical | Fee | N/A | 270 & 272 South Collins Road |
Loan | 14 | 37 | Burnham House, Inc. | Cooperative | Fee | N/A | 840 Broadway |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | Cooperative | Fee | N/A | 5601/5625 Riverdale Avenue |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | Cooperative | Fee | N/A | 174-180 East 77th Street a/k/a 1334-1344 3rd Avenue |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | Cooperative | Fee | N/A | 44 West 65th Street; 46 West 65th Street |
Loan | 41 | Jonesboro Self Storage | Self Storage | Fee | N/A | 7469 Tara Boulevard | |
Loan | 42 | Rio Seco MHC | Manufactured Housing | Fee | N/A | 1542 North 4th Avenue |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | City | County | State | Zip Code | Year Built | Year Renovated | Size | Units of Measure |
Occupancy Rate(2) | Occupancy Rate As-of Date |
Appraised Value |
Appraised Value As-of Date |
Mortgage Rate | |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | Novi | Oakland | MI | 48377 | 1977 | 2007 | 716,771 | SF | 91.9% | 2/1/2018 | $552,900,000 | 12/14/2017 | 4.3985% | |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | 1,614,702 | SF | 92.2% | $394,160,000 | Various | 4.5325% | ||||||||
Property | 2.01 | Extra Space Washington | Washington | District Of Columbia | DC | 20009 | 1910 | N/A | 104,382 | SF | 92.1% | 12/31/2017 | $47,490,000 | 11/30/2017 | |||
Property | 2.02 | Extra Space San Jose | San Jose | Santa Clara | CA | 95128 | 1985; 2016 | N/A | 66,854 | SF | 89.9% | 12/31/2017 | $24,750,000 | 11/27/2017 | |||
Property | 2.03 | Extra Space San Diego | San Diego | San Diego | CA | 92126 | 1986 | N/A | 119,335 | SF | 88.1% | 12/31/2017 | $21,760,000 | 12/1/2017 | |||
Property | 2.04 | Extra Space Panorama City | Panorama City | Los Angeles | CA | 91402 | 1987 | N/A | 77,395 | SF | 92.7% | 12/31/2017 | $21,550,000 | 11/30/2017 | |||
Property | 2.05 | Extra Space Norwalk | Norwalk | Los Angeles | CA | 90650 | 1977 | N/A | 79,529 | SF | 92.8% | 12/31/2017 | $22,150,000 | 11/30/2017 | |||
Property | 2.06 | Extra Space Miami East | Miami | Miami-Dade | FL | 33183 | 1987 | 2009 | 80,390 | SF | 91.8% | 12/31/2017 | $19,600,000 | 11/28/2017 | |||
Property | 2.07 | Extra Space Miami West | Miami | Miami-Dade | FL | 33179 | 1987 | 2009 | 75,564 | SF | 95.7% | 12/31/2017 | $19,000,000 | 11/28/2017 | |||
Property | 2.08 | Extra Space Palo Alto | East Palo Alto | San Mateo | CA | 94303 | 1989 | N/A | 45,836 | SF | 92.1% | 12/31/2017 | $18,230,000 | 11/27/2017 | |||
Property | 2.09 | Extra Space Covina | Covina | Los Angeles | CA | 91722 | 1973 | N/A | 74,537 | SF | 91.9% | 12/31/2017 | $17,450,000 | 11/30/2017 | |||
Property | 2.10 | Extra Space Gaithersburg | Gaithersburg | Montgomery | MD | 20879 | 1988 | N/A | 74,341 | SF | 91.5% | 12/31/2017 | $14,350,000 | 12/1/2017 | |||
Property | 2.11 | Extra Space Philadelphia | Philadelphia | Philadelphia | PA | 19115 | 1970; 1988 | N/A | 68,425 | SF | 93.9% | 12/31/2017 | $13,860,000 | 11/27/2017 | |||
Property | 2.12 | Extra Space Westminster | Westminster | Orange | CA | 92683 | 1988 | N/A | 65,997 | SF | 94.7% | 12/31/2017 | $15,680,000 | 11/29/2017 | |||
Property | 2.13 | Extra Space Newark | Newark | New Castle | DE | 19711 | 1988 | N/A | 64,300 | SF | 91.1% | 12/31/2017 | $12,590,000 | 11/27/2017 | |||
Property | 2.14 | Extra Space Essex | Essex | Baltimore | MD | 21221 | 1991 | N/A | 60,425 | SF | 93.5% | 12/31/2017 | $11,340,000 | 11/30/2017 | |||
Property | 2.15 | Extra Space New Bedford | New Bedford | Bristol | MA | 02745 | 1989; 2003 | N/A | 65,350 | SF | 93.6% | 12/31/2017 | $10,300,000 | 11/28/2017 | |||
Property | 2.16 | Extra Space Birmingham | Birmingham | Jefferson | AL | 35216 | 1988 | N/A | 73,366 | SF | 94.8% | 12/31/2017 | $9,250,000 | 11/27/2017 | |||
Property | 2.17 | Extra Space Haverhill | Haverhill | Essex | MA | 01835 | 1989 | N/A | 53,490 | SF | 86.6% | 12/31/2017 | $11,680,000 | 11/29/2017 | |||
Property | 2.18 | Extra Space Shrewsbury | Shrewsbury | Worcester | MA | 01545 | 1982 | N/A | 65,300 | SF | 92.1% | 12/31/2017 | $9,020,000 | 11/28/2017 | |||
Property | 2.19 | Extra Space Dallas | Dallas | Dallas | TX | 75208 | 1973 | N/A | 47,472 | SF | 90.0% | 12/31/2017 | $7,650,000 | 11/28/2017 | |||
Property | 2.20 | Extra Space Enfield | Enfield | Hartford | CT | 06082 | 1982 | N/A | 65,650 | SF | 93.0% | 12/31/2017 | $7,680,000 | 11/25/2017 | |||
Property | 2.21 | Extra Space San Diego Miramar | San Diego | San Diego | CA | 92126 | 1986 | N/A | 36,384 | SF | 92.3% | 12/31/2017 | $7,050,000 | 12/1/2017 | |||
Property | 2.22 | Extra Space Shawnee | Shawnee | Johnson | KS | 66216 | 1987 | N/A | 56,240 | SF | 95.1% | 12/31/2017 | $5,670,000 | 12/1/2017 | |||
Property | 2.23 | Extra Space Overland Park | Overland Park | Johnson | KS | 66204 | 1990 | N/A | 46,890 | SF | 94.3% | 12/31/2017 | $5,620,000 | 12/4/2017 | |||
Property | 2.24 | Extra Space Tucson | Tucson | Pima | AZ | 85710 | 1984 | N/A | 47,250 | SF | 91.3% | 12/31/2017 | $4,270,000 | 11/28/2017 | |||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | Sunnyvale | Santa Clara | CA | 94085 | 2017 | N/A | 882,657 | SF | 100.0% | 4/1/2018 | $773,600,000 | 6/1/2019 | 3.3650% | |
Loan | 5, 9, 16 | 4 | One Dulles Tower | Herndon | Fairfax | VA | 20171 | 2002 | 2018 | 403,622 | SF | 100.0% | 4/1/2018 | $212,500,000 | 1/18/2018 | 3.9860% | |
Loan | 5 | 5 | Airport Business Center | Irvine | Orange | CA | 92614 | 1969 | 2005 | 1,170,571 | SF | 96.8% | 1/31/2018 | $244,600,000 | 12/13/2017 | 4.3750% | |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | 818 | Rooms | 79.4% | $173,500,000 | 5.0180% | |||||||||
Property | 6.01 | Hilton Garden Inn Bend | Bend | Deschutes | OR | 97702 | 2004 | 2012 | 96 | Rooms | 85.4% | 12/31/2017 | $30,400,000 | 10/1/2018 | |||
Property | 6.02 | Hampton Inn & Suites Bend | Bend | Deschutes | OR | 97702 | 2014 | N/A | 114 | Rooms | 80.0% | 12/31/2017 | $30,200,000 | 10/1/2017 | |||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | Salt Lake City | Salt Lake | UT | 84101 | 2006 | N/A | 132 | Rooms | 81.9% | 12/31/2017 | $29,200,000 | 10/1/2018 | |||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | Coeur D’Alene | Kootenai | ID | 83814 | 2007 | N/A | 124 | Rooms | 80.2% | 12/31/2017 | $29,000,000 | 10/1/2018 | |||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | Boise | Ada | ID | 83709 | 1998 | 2011 | 133 | Rooms | 80.7% | 12/31/2017 | $27,700,000 | 10/1/2018 | |||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | Coeur D’Alene | Kootenai | ID | 83814 | 1997 | 2014 | 118 | Rooms | 67.3% | 12/31/2017 | $14,000,000 | 10/1/2017 | |||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | Twin Falls | Twin Falls | ID | 83301 | 2008 | N/A | 101 | Rooms | 77.0% | 12/31/2017 | $13,000,000 | 10/1/2018 | |||
Loan | 5, 6 | 7 | North Bay Portfolio | 512,165 | SF | 92.2% | $86,500,000 | 4.5040% | |||||||||
Property | 7.01 | Petaluma Business Center | Petaluma | Sonoma | CA | 94954 | 1990; 2000 | 2004 | 213,210 | SF | 90.3% | 2/15/2018 | $34,800,000 | 1/30/2018 | |||
Property | 7.02 | South Petaluma Business Center | Petaluma | Sonoma | CA | 94954 | 2007 | N/A | 149,634 | SF | 100.0% | 2/15/2018 | $29,400,000 | 1/30/2018 | |||
Property | 7.03 | Lakeville Business Center | Petaluma | Sonoma | CA | 94954 | 1997; 2001 | N/A | 149,321 | SF | 86.9% | 2/15/2018 | $22,300,000 | 1/31/2018 | |||
Loan | 8 | Prescott Valley Crossroads | Prescott Valley | Yavapai | AZ | 86314 | 2009-2016 | N/A | 251,163 | SF | 94.3% | 2/1/2018 | $49,000,000 | 2/6/2018 | 4.8500% | ||
Loan | 6 | 9 | WMC Portfolio | 264,721 | SF | 88.8% | $39,800,000 | 4.6900% | |||||||||
Property | 9.01 | Oak Summit | Winston-Salem | Forsyth | NC | 27105 | 2001-2005 | N/A | 142,358 | SF | 79.2% | 3/1/2018 | $21,450,000 | 2/11/2018 | |||
Property | 9.02 | Wytheville Commons | Wytheville | Wythe | VA | 24382 | 2001 | N/A | 90,381 | SF | 100.0% | 3/1/2018 | $13,500,000 | 2/6/2018 | |||
Property | 9.03 | Chatham Crossing | Siler City | Chatham | NC | 27344 | 2001 | N/A | 31,982 | SF | 100.0% | 3/1/2018 | $4,850,000 | 2/3/2018 | |||
Loan | 5, 11, 12 | 10 | The Gateway | San Francisco | San Francisco | CA | 94111 | 1965-1967 | 2010-2018 | 1,254 | Units | 96.7% | 1/25/2018 | $868,800,000 | 2/1/2018 | 3.7218% | |
Loan | 11 | One Lincoln Station | Lone Tree | Douglas | CO | 80124 | 2008 | N/A | 147,184 | SF | 97.1% | 1/1/2018 | $43,800,000 | 1/4/2018 | 4.8050% | ||
Loan | 13 | 12 | Shoppes of Benton | Benton | Saline | AR | 72019 | 2017 | N/A | 173,764 | SF | 93.4% | 3/1/2018 | $32,350,000 | 1/4/2018 | 4.9250% | |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | New York | New York | NY | 10028 | 1985-1986 | N/A | 176 | Units | 97.0% | 1/8/2018 | $235,000,000 | 1/8/2018 | 4.1900% | |
Loan | 14 | Peninsula Ridge | Brownstown | Wayne | MI | 48134 | 2017 | N/A | 96 | Units | 99.0% | 2/23/2018 | $17,750,000 | 1/4/2018 | 4.6700% | ||
Loan | 15 | Warm Springs Promenade | Henderson | Clark | NV | 89014 | 2003 | N/A | 176,081 | SF | 91.3% | 1/1/2018 | $20,300,000 | 12/15/2017 | 4.8750% | ||
Loan | 16 | Holiday Inn BWI Airport | Linthicum Heights | Anne Arundel | MD | 21090 | 1997 | 2013 | 137 | Rooms | 77.2% | 11/30/2017 | $17,500,000 | 1/8/2018 | 5.0800% | ||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | 141,352 | SF | 85.7% | $16,700,000 | 4.9820% | |||||||||
Property | 17.01 | StorageOne at Lone Mountain | Las Vegas | Clark | NV | 89130 | 2004 | N/A | 61,160 | SF | 91.1% | 1/31/2018 | $9,600,000 | 1/11/2018 | |||
Property | 17.02 | StoreMore Self Storage | North Las Vegas | Clark | NV | 89032 | 2005 | N/A | 80,192 | SF | 81.5% | 2/1/2018 | $7,100,000 | 1/11/2018 | |||
Loan | 18 | Dollar Self Storage | Jurupa Valley | Riverside | CA | 91752 | 2016 | N/A | 82,577 | SF | 97.0% | 2/1/2018 | $12,500,000 | 1/31/2018 | 4.8750% | ||
Loan | 19 | South Academy Highlands | Colorado Springs | El Paso | CO | 80906 | 2015 | N/A | 22,898 | SF | 93.0% | 2/6/2018 | $9,990,000 | 1/26/2018 | 5.2400% | ||
Loan | 20 | Miami Heights MHC | Miami | Miami-Dade | FL | 33147 | 1950 | N/A | 140 | Pads | 100.0% | 1/16/2018 | $10,610,000 | 10/5/2017 | 5.0610% | ||
Loan | 21 | Dunes Retail Center | La Quinta | Riverside | CA | 92253 | 2006 | N/A | 36,001 | SF | 96.2% | 1/2/2018 | $10,050,000 | 12/1/2017 | 5.0700% | ||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | Bayside | Queens | NY | 11360 | 1960 | 1997-1999 | 120 | Units | 98.0% | 11/28/2017 | $30,100,000 | 11/28/2017 | 3.9200% | |
Loan | 14 | 23 | Park City Self Storage | Park City | Summit | UT | 84098 | 2007 | N/A | 77,999 | SF | 94.2% | 2/5/2018 | $13,530,000 | 1/4/2018 | 4.4710% | |
Loan | 24 | Boca Chica Plaza | Brownsville | Cameron | TX | 78521 | 1977 | 2012 | 72,753 | SF | 97.0% | 2/1/2018 | $9,100,000 | 1/10/2018 | 5.0500% | ||
Loan | 14 | 25 | Booth Street Owners Corp. | Forest Hills | Queens | NY | 11375 | 1946 | 2003 | 127 | Units | 95.1% | 2/12/2018 | $55,700,000 | 2/12/2018 | 4.1100% | |
Loan | 14 | 26 | Sparrows Lodge | Palm Springs | Riverside | CA | 92264 | 1952 | 2011-2013; 2015 | 20 | Rooms | 85.3% | 1/31/2018 | $9,500,000 | 2/2/2018 | 4.6150% | |
Loan | 27 | Peter Pan MHC | Compton | Los Angeles | CA | 90220 | 1960 | N/A | 94 | Pads | 97.9% | 2/28/2018 | $8,870,000 | 2/5/2018 | 4.6850% | ||
Loan | 28 | 27 Orinda Way | Orinda | Contra Costa | CA | 94563 | 1958 | N/A | 14,904 | SF | 100.0% | 4/1/2018 | $11,260,000 | 1/5/2018 | 4.7800% | ||
Loan | 14 | 29 | Wesley House Ltd. | White Plains | Westchester | NY | 10605 | 1959 | 2003 | 76 | Units | 94.7% | 2/7/2018 | $17,850,000 | 2/7/2018 | 4.2300% | |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | Bronx | Bronx | NY | 10463 | 1941 | 1998-2003 | 71 | Units | 96.9% | 1/26/2018 | $16,150,000 | 1/26/2018 | 4.2200% | |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | New York | New York | NY | 10011 | 1925-1926 | 2013 | 36 | Units | 96.0% | 12/20/2017 | $64,000,000 | 12/20/2017 | 3.8000% | |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | Jackson Heights | New York | NY | 11372 | 1930 | 2003 | 131 | Units | 98.0% | 2/1/2018 | $60,160,000 | 2/1/2018 | 4.0800% | |
Loan | 33 | Skylark MHC | Bellflower | Los Angeles | CA | 90706 | 1955 | N/A | 47 | Pads | 100.0% | 2/28/2018 | $4,520,000 | 2/5/2018 | 4.5550% | ||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | Bronx | Bronx | NY | 10461 | 1964 | 1997 | 66 | Units | 98.0% | 12/8/2017 | $10,100,000 | 12/8/2017 | 3.7600% | |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | Scarsdale | Westchester | NY | 10583 | 1928 | 1991 | 93 | Units | 96.7% | 12/20/2017 | $25,300,000 | 12/20/2017 | 3.8700% | |
Loan | 15 | 36 | Sunnyvale Medical Plaza | Sunnyvale | Dallas | TX | 75182 | 2011 | N/A | 11,492 | SF | 100.0% | 1/3/2018 | $2,850,000 | 12/7/2017 | 5.6600% | |
Loan | 14 | 37 | Burnham House, Inc. | New York | New York | NY | 10003 | 1899 | 2011 | 11 | Units | 97.1% | 2/5/2018 | $55,500,000 | 2/5/2018 | 4.2100% | |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | Riverdale | Bronx | NY | 10471 | 1954 | 1996 | 113 | Units | 98.0% | 1/5/2018 | $21,400,000 | 1/5/2018 | 3.9500% | |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | New York | New York | NY | 10075 | 1956 | 1998 | 144 | Units | 97.7% | 12/18/2017 | $207,000,000 | 12/18/2017 | 3.7700% | |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | New York | New York | NY | 10023 | 1907 | 2006 | 27 | Units | 97.5% | 1/10/2018 | $12,950,000 | 1/10/2018 | 4.1700% | |
Loan | 41 | Jonesboro Self Storage | Jonesboro | Clayton | GA | 30236 | 1973; 2002 | N/A | 45,146 | SF | 85.4% | 2/28/2018 | $1,850,000 | 1/24/2018 | 5.7200% | ||
Loan | 42 | Rio Seco MHC | San Luis | Yuma | AZ | 85349 | 2005 | N/A | 66 | Pads | 100.0% | 2/28/2018 | $2,400,000 | 2/5/2018 | 4.8300% |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Administrative Fee Rate(3) |
Master Servicing Fee Rate |
Primary Servicing Fee Rate |
Pari Passu Loan Primary Servicing Fee Rate |
Trustee Fee Rate |
Trust Advisor Fee Rate |
Asset Representations Reviewer Fee Rate | CREFC Fee Rate |
Interest Accrual Basis |
Seasoning (mos.) |
ARD (Yes/No) |
Original Term to Maturity (mos.) |
Remaining Term to Maturity (mos.) |
Original Interest-Only Period (mos.) |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 0.02371% | 0.00250% | 0.00000% | 0.00750% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | 0.01871% | 0.00250% | 0.00000% | 0.00250% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 |
Property | 2.01 | Extra Space Washington | |||||||||||||||
Property | 2.02 | Extra Space San Jose | |||||||||||||||
Property | 2.03 | Extra Space San Diego | |||||||||||||||
Property | 2.04 | Extra Space Panorama City | |||||||||||||||
Property | 2.05 | Extra Space Norwalk | |||||||||||||||
Property | 2.06 | Extra Space Miami East | |||||||||||||||
Property | 2.07 | Extra Space Miami West | |||||||||||||||
Property | 2.08 | Extra Space Palo Alto | |||||||||||||||
Property | 2.09 | Extra Space Covina | |||||||||||||||
Property | 2.10 | Extra Space Gaithersburg | |||||||||||||||
Property | 2.11 | Extra Space Philadelphia | |||||||||||||||
Property | 2.12 | Extra Space Westminster | |||||||||||||||
Property | 2.13 | Extra Space Newark | |||||||||||||||
Property | 2.14 | Extra Space Essex | |||||||||||||||
Property | 2.15 | Extra Space New Bedford | |||||||||||||||
Property | 2.16 | Extra Space Birmingham | |||||||||||||||
Property | 2.17 | Extra Space Haverhill | |||||||||||||||
Property | 2.18 | Extra Space Shrewsbury | |||||||||||||||
Property | 2.19 | Extra Space Dallas | |||||||||||||||
Property | 2.20 | Extra Space Enfield | |||||||||||||||
Property | 2.21 | Extra Space San Diego Miramar | |||||||||||||||
Property | 2.22 | Extra Space Shawnee | |||||||||||||||
Property | 2.23 | Extra Space Overland Park | |||||||||||||||
Property | 2.24 | Extra Space Tucson | |||||||||||||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | 0.01871% | 0.00250% | 0.00000% | 0.00250% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 3 | Yes | 120 | 117 | 120 |
Loan | 5, 9, 16 | 4 | One Dulles Tower | 0.01871% | 0.00250% | 0.00000% | 0.00250% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | Yes | 120 | 119 | 120 |
Loan | 5 | 5 | Airport Business Center | 0.02060% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00412% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | 0.01871% | 0.00250% | 0.00000% | 0.00250% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 |
Property | 6.01 | Hilton Garden Inn Bend | |||||||||||||||
Property | 6.02 | Hampton Inn & Suites Bend | |||||||||||||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | |||||||||||||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | |||||||||||||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | |||||||||||||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | |||||||||||||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | |||||||||||||||
Loan | 5, 6 | 7 | North Bay Portfolio | 0.03157% | 0.00250% | 0.01250% | 0.00000% | 0.01054% | 0.00509% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 60 |
Property | 7.01 | Petaluma Business Center | |||||||||||||||
Property | 7.02 | South Petaluma Business Center | |||||||||||||||
Property | 7.03 | Lakeville Business Center | |||||||||||||||
Loan | 8 | Prescott Valley Crossroads | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | |
Loan | 6 | 9 | WMC Portfolio | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 24 |
Property | 9.01 | Oak Summit | |||||||||||||||
Property | 9.02 | Wytheville Commons | |||||||||||||||
Property | 9.03 | Chatham Crossing | |||||||||||||||
Loan | 5, 11, 12 | 10 | The Gateway | 0.01746% | 0.00250% | 0.00000% | 0.00125% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 |
Loan | 11 | One Lincoln Station | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | |
Loan | 13 | 12 | Shoppes of Benton | 0.04871% | 0.00250% | 0.03250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 |
Loan | 14 | Peninsula Ridge | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | |
Loan | 15 | Warm Springs Promenade | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | |
Loan | 16 | Holiday Inn BWI Airport | 0.05621% | 0.00250% | 0.04000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | |
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 |
Property | 17.01 | StorageOne at Lone Mountain | |||||||||||||||
Property | 17.02 | StoreMore Self Storage | |||||||||||||||
Loan | 18 | Dollar Self Storage | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | |
Loan | 19 | South Academy Highlands | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | |
Loan | 20 | Miami Heights MHC | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | |
Loan | 21 | Dunes Retail Center | 0.07621% | 0.00250% | 0.06000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | |
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 |
Loan | 14 | 23 | Park City Self Storage | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 |
Loan | 24 | Boca Chica Plaza | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | |
Loan | 14 | 25 | Booth Street Owners Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 |
Loan | 14 | 26 | Sparrows Lodge | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 |
Loan | 27 | Peter Pan MHC | 0.09621% | 0.00250% | 0.08000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | |
Loan | 28 | 27 Orinda Way | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 84 | |
Loan | 14 | 29 | Wesley House Ltd. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 |
Loan | 33 | Skylark MHC | 0.13386% | 0.00250% | 0.11765% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | |
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 |
Loan | 15 | 36 | Sunnyvale Medical Plaza | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 |
Loan | 14 | 37 | Burnham House, Inc. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | 0.09371% | 0.08000% | 0.00000% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 |
Loan | 41 | Jonesboro Self Storage | 0.01871% | 0.00250% | 0.00250% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | |
Loan | 42 | Rio Seco MHC | 0.25815% | 0.00250% | 0.24194% | 0.00000% | 0.01054% | 0.00223% | 0.00044% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Remaining Interest-Only Period (mos.) |
Original Amortization Term (mos.) |
Remaining Amortization Term (mos.) |
Note Date | First Payment Date |
First P&I Payment Date (Partial IO Loans) |
Maturity Date |
ARD Loan Final Maturity Date |
Monthly Debt Service (P&I) |
Monthly Debt Service (IO) |
Annual Debt Service (P&I) |
Annual Debt Service (IO) |
Lockbox Type | Cash Management Status | Crossed With Other Loans |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 0 | 360 | 359 | 2/28/2018 | 4/6/2018 | N/A | 3/6/2028 | N/A | $326,572.19 | $0.00 | 3,918,866.28 | $0 | Hard | Springing | No |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | 119 | 0 | 0 | 2/2/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $0.00 | $252,749.83 | $0.00 | 3,032,997.96 | Springing | Springing | No |
Property | 2.01 | Extra Space Washington | ||||||||||||||||
Property | 2.02 | Extra Space San Jose | ||||||||||||||||
Property | 2.03 | Extra Space San Diego | ||||||||||||||||
Property | 2.04 | Extra Space Panorama City | ||||||||||||||||
Property | 2.05 | Extra Space Norwalk | ||||||||||||||||
Property | 2.06 | Extra Space Miami East | ||||||||||||||||
Property | 2.07 | Extra Space Miami West | ||||||||||||||||
Property | 2.08 | Extra Space Palo Alto | ||||||||||||||||
Property | 2.09 | Extra Space Covina | ||||||||||||||||
Property | 2.10 | Extra Space Gaithersburg | ||||||||||||||||
Property | 2.11 | Extra Space Philadelphia | ||||||||||||||||
Property | 2.12 | Extra Space Westminster | ||||||||||||||||
Property | 2.13 | Extra Space Newark | ||||||||||||||||
Property | 2.14 | Extra Space Essex | ||||||||||||||||
Property | 2.15 | Extra Space New Bedford | ||||||||||||||||
Property | 2.16 | Extra Space Birmingham | ||||||||||||||||
Property | 2.17 | Extra Space Haverhill | ||||||||||||||||
Property | 2.18 | Extra Space Shrewsbury | ||||||||||||||||
Property | 2.19 | Extra Space Dallas | ||||||||||||||||
Property | 2.20 | Extra Space Enfield | ||||||||||||||||
Property | 2.21 | Extra Space San Diego Miramar | ||||||||||||||||
Property | 2.22 | Extra Space Shawnee | ||||||||||||||||
Property | 2.23 | Extra Space Overland Park | ||||||||||||||||
Property | 2.24 | Extra Space Tucson | ||||||||||||||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | 117 | 0 | 0 | 12/14/2017 | 2/6/2018 | N/A | 1/6/2028 | 4/6/2031 | $0.00 | $179,114.97 | $0.00 | 2,149,379.64 | Hard | In Place | No |
Loan | 5, 9, 16 | 4 | One Dulles Tower | 119 | 0 | 0 | 2/28/2018 | 4/11/2018 | N/A | 3/11/2028 | 9/30/2029 | $0.00 | $212,171.46 | $0.00 | 2,546,057.52 | Hard | In Place | No |
Loan | 5 | 5 | Airport Business Center | 118 | 0 | 0 | 1/24/2018 | 3/7/2018 | N/A | 2/7/2028 | N/A | $0.00 | $195,912.91 | $0.00 | 2,350,954.92 | Hard | In Place | No |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | 0 | 300 | 300 | 3/22/2018 | 5/11/2018 | N/A | 4/11/2028 | N/A | $236,170.37 | $0.00 | 2,834,044.44 | $0 | Hard | Springing | No |
Property | 6.01 | Hilton Garden Inn Bend | ||||||||||||||||
Property | 6.02 | Hampton Inn & Suites Bend | ||||||||||||||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | ||||||||||||||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | ||||||||||||||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | ||||||||||||||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | ||||||||||||||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | ||||||||||||||||
Loan | 5, 6 | 7 | North Bay Portfolio | 60 | 360 | 360 | 3/8/2018 | 5/1/2018 | 5/1/2023 | 4/1/2028 | N/A | $177,423.05 | $133,191.20 | 2,129,076.60 | 1,598,294.40 | Springing | Springing | No |
Property | 7.01 | Petaluma Business Center | ||||||||||||||||
Property | 7.02 | South Petaluma Business Center | ||||||||||||||||
Property | 7.03 | Lakeville Business Center | ||||||||||||||||
Loan | 8 | Prescott Valley Crossroads | 36 | 360 | 360 | 3/15/2018 | 5/1/2018 | 5/1/2021 | 4/1/2028 | N/A | $168,914.15 | $131,170.61 | 2,026,969.80 | 1,574,047.32 | Springing | Springing | No | |
Loan | 6 | 9 | WMC Portfolio | 24 | 360 | 360 | 3/8/2018 | 5/1/2018 | 5/1/2020 | 4/1/2028 | N/A | $154,439.76 | $118,135.48 | 1,853,277.12 | 1,417,625.76 | Springing | Springing | No |
Property | 9.01 | Oak Summit | ||||||||||||||||
Property | 9.02 | Wytheville Commons | ||||||||||||||||
Property | 9.03 | Chatham Crossing | ||||||||||||||||
Loan | 5, 11, 12 | 10 | The Gateway | 120 | 0 | 0 | 3/16/2018 | 5/6/2018 | N/A | 4/6/2028 | N/A | $0.00 | $86,476.27 | $0.00 | 1,037,715.24 | Soft | Springing | No |
Loan | 11 | One Lincoln Station | 120 | 0 | 0 | 3/13/2018 | 5/11/2018 | N/A | 4/11/2028 | N/A | $0.00 | $109,614.06 | $0.00 | 1,315,368.72 | Springing | Springing | No | |
Loan | 13 | 12 | Shoppes of Benton | 0 | 360 | 360 | 3/20/2018 | 5/1/2018 | N/A | 4/1/2028 | N/A | $122,283.82 | $0.00 | 1,467,405.84 | $0 | Springing | Springing | No |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | 0 | 480 | 479 | 2/27/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $65,764.37 | $0.00 | 789,172.44 | $0 | N/A | N/A | No |
Loan | 14 | Peninsula Ridge | 36 | 360 | 360 | 3/2/2018 | 5/1/2018 | 5/1/2021 | 4/1/2028 | N/A | $67,188.70 | $51,294.33 | 806,264.40 | 615,531.96 | Springing | Springing | No | |
Loan | 15 | Warm Springs Promenade | 0 | 360 | 359 | 2/9/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $68,797.07 | $0.00 | 825,564.84 | $0 | Springing | Springing | No | |
Loan | 16 | Holiday Inn BWI Airport | 0 | 360 | 359 | 2/5/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $63,706.45 | $0.00 | 764,477.40 | $0 | Springing | Springing | No | |
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | 119 | 0 | 0 | 2/22/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $0.00 | $42,093.29 | $0.00 | 505,119.48 | Springing | Springing | No |
Property | 17.01 | StorageOne at Lone Mountain | ||||||||||||||||
Property | 17.02 | StoreMore Self Storage | ||||||||||||||||
Loan | 18 | Dollar Self Storage | 0 | 360 | 360 | 3/8/2018 | 5/1/2018 | N/A | 4/1/2028 | N/A | $42,336.66 | $0.00 | 508,039.92 | $0 | Springing | Springing | No | |
Loan | 19 | South Academy Highlands | 0 | 360 | 360 | 3/2/2018 | 5/1/2018 | N/A | 4/1/2028 | N/A | $40,541.46 | $0.00 | 486,497.52 | $0 | Springing | Springing | No | |
Loan | 20 | Miami Heights MHC | 0 | 360 | 359 | 3/1/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $36,217.24 | $0.00 | 434,606.88 | $0.00 | Springing | Springing | No | |
Loan | 21 | Dunes Retail Center | 0 | 300 | 298 | 1/19/2018 | 3/11/2018 | N/A | 2/11/2028 | N/A | $38,793.73 | $0.00 | 465,524.76 | $0 | N/A | N/A | No | |
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | 0 | 420 | 418 | 1/31/2018 | 3/1/2018 | N/A | 2/1/2028 | N/A | $26,717.33 | $0.00 | 320,607.96 | $0 | N/A | N/A | No |
Loan | 14 | 23 | Park City Self Storage | 119 | 0 | 0 | 2/16/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $0.00 | $22,665.49 | $0.00 | 271,985.88 | Springing | Springing | No |
Loan | 24 | Boca Chica Plaza | 0 | 360 | 359 | 2/28/2018 | 4/11/2018 | N/A | 3/11/2028 | N/A | $32,392.89 | $0.00 | 388,714.68 | $0 | N/A | N/A | No | |
Loan | 14 | 25 | Booth Street Owners Corp. | 0 | 480 | 479 | 3/1/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $23,364.32 | $0.00 | 280,371.84 | $0 | N/A | N/A | No |
Loan | 14 | 26 | Sparrows Lodge | 120 | 0 | 0 | 3/9/2018 | 5/1/2018 | N/A | 4/1/2028 | N/A | $0.00 | $19,496.24 | $0.00 | 233,954.88 | Springing | Springing | No |
Loan | 27 | Peter Pan MHC | 120 | 0 | 0 | 3/9/2018 | 5/1/2018 | N/A | 4/1/2028 | N/A | $0.00 | $19,198.20 | $0.00 | 230,378.40 | Springing | Springing | No | |
Loan | 28 | 27 Orinda Way | 83 | 360 | 360 | 2/21/2018 | 4/11/2018 | 4/11/2025 | 3/11/2028 | N/A | $23,555.57 | $18,173.96 | 282,666.84 | 218,087.52 | Springing | Springing | No | |
Loan | 14 | 29 | Wesley House Ltd. | 119 | 0 | 0 | 2/26/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $0.00 | $14,295.83 | $0.00 | 171,549.96 | N/A | N/A | No |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | 119 | 0 | 0 | 2/28/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $0.00 | $10,874.80 | $0.00 | 130,497.60 | N/A | N/A | No |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | 0 | 360 | 358 | 1/31/2018 | 3/1/2018 | N/A | 2/1/2028 | N/A | $13,978.72 | $0.00 | 167,744.64 | $0 | N/A | N/A | No |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | 0 | 360 | 359 | 2/27/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $13,256.07 | $0.00 | 159,072.84 | $0 | N/A | N/A | No |
Loan | 33 | Skylark MHC | 120 | 0 | 0 | 3/9/2018 | 5/1/2018 | N/A | 4/1/2028 | N/A | $0.00 | $9,813.81 | $0.00 | 117,765.72 | Springing | Springing | No | |
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | 0 | 360 | 358 | 1/10/2018 | 3/1/2018 | N/A | 2/1/2028 | N/A | $11,592.08 | $0.00 | 139,104.96 | $0 | N/A | N/A | No |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | 118 | 0 | 0 | 2/1/2018 | 3/1/2018 | N/A | 2/1/2028 | N/A | $0.00 | $7,357.03 | $0.00 | 88,284.36 | N/A | N/A | No |
Loan | 15 | 36 | Sunnyvale Medical Plaza | 0 | 300 | 298 | 1/18/2018 | 3/1/2018 | N/A | 2/1/2028 | N/A | $13,284.37 | $0.00 | 159,412.44 | $0 | Springing | Springing | No |
Loan | 14 | 37 | Burnham House, Inc. | 0 | 360 | 359 | 2/28/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $9,792.02 | $0.00 | 117,504.24 | $0 | N/A | N/A | No |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | 0 | 360 | 359 | 2/6/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $9,490.74 | $0.00 | 113,888.88 | $0 | N/A | N/A | No |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | 0 | 360 | 358 | 1/25/2018 | 3/1/2018 | N/A | 2/1/2028 | N/A | $9,285.02 | $0.00 | 111,420.24 | $0 | N/A | N/A | No |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | 0 | 300 | 299 | 2/27/2018 | 4/1/2018 | N/A | 3/1/2028 | N/A | $8,703.75 | $0.00 | 104,445.00 | $0 | N/A | N/A | No |
Loan | 41 | Jonesboro Self Storage | 23 | 360 | 360 | 2/13/2018 | 4/1/2018 | 4/1/2020 | 3/1/2028 | N/A | $8,005.21 | $6,651.24 | 96,062.52 | 79,814.88 | Springing | Springing | No | |
Loan | 42 | Rio Seco MHC | 120 | 0 | 0 | 3/9/2018 | 5/1/2018 | N/A | 4/1/2028 | N/A | $0.00 | $5,060.32 | $0.00 | 60,723.84 | Springing | Springing | No |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Related-Borrower Loans | UW NOI DSCR (P&I) |
UW NOI DSCR (IO) |
UW NCF DSCR (P&I) |
UW NCF DSCR (IO) |
Cut-Off Date LTV Ratio |
Maturity Date LTV Ratio | Grace Period to Late Charge (Days) |
Grace Period to Default (Days) |
Due Date | Prepayment Provisions (No. of Payments) |
YM Formula |
Third Most Recent Revenues | |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | N/A | 2.60x | N/A | 2.55x | N/A | 36.1% | 29.7% | 0 | 0 | Sixth | LO(25);DEF(91);O(4) | $48,945,558 | ||
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | N/A | N/A | 1.99x | N/A | 1.97x | 58.1% | 58.1% | 0 | 4 | First | LO(25);DEF(88);O(7) | $26,165,955 | ||
Property | 2.01 | Extra Space Washington | $3,637,437 | ||||||||||||||
Property | 2.02 | Extra Space San Jose | $1,655,129 | ||||||||||||||
Property | 2.03 | Extra Space San Diego | $1,574,844 | ||||||||||||||
Property | 2.04 | Extra Space Panorama City | $1,457,730 | ||||||||||||||
Property | 2.05 | Extra Space Norwalk | $1,295,798 | ||||||||||||||
Property | 2.06 | Extra Space Miami East | $1,342,555 | ||||||||||||||
Property | 2.07 | Extra Space Miami West | $1,345,434 | ||||||||||||||
Property | 2.08 | Extra Space Palo Alto | $1,163,476 | ||||||||||||||
Property | 2.09 | Extra Space Covina | $1,131,318 | ||||||||||||||
Property | 2.10 | Extra Space Gaithersburg | $1,095,937 | ||||||||||||||
Property | 2.11 | Extra Space Philadelphia | $1,012,440 | ||||||||||||||
Property | 2.12 | Extra Space Westminster | $1,033,623 | ||||||||||||||
Property | 2.13 | Extra Space Newark | $931,496 | ||||||||||||||
Property | 2.14 | Extra Space Essex | $930,999 | ||||||||||||||
Property | 2.15 | Extra Space New Bedford | $783,013 | ||||||||||||||
Property | 2.16 | Extra Space Birmingham | $770,482 | ||||||||||||||
Property | 2.17 | Extra Space Haverhill | $860,126 | ||||||||||||||
Property | 2.18 | Extra Space Shrewsbury | $824,396 | ||||||||||||||
Property | 2.19 | Extra Space Dallas | $611,753 | ||||||||||||||
Property | 2.20 | Extra Space Enfield | $644,450 | ||||||||||||||
Property | 2.21 | Extra Space San Diego Miramar | $593,592 | ||||||||||||||
Property | 2.22 | Extra Space Shawnee | $526,952 | ||||||||||||||
Property | 2.23 | Extra Space Overland Park | $539,589 | ||||||||||||||
Property | 2.24 | Extra Space Tucson | $403,386 | ||||||||||||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | N/A | N/A | 3.57x | N/A | 3.55x | 44.0% | 44.0% | 0 | 0 | Sixth | LO(27);DEF(86);O(7) | N/A | ||
Loan | 5, 9, 16 | 4 | One Dulles Tower | N/A | N/A | 2.18x | N/A | 2.17x | 71.5% | 71.5% | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | N/A | ||
Loan | 5 | 5 | Airport Business Center | N/A | N/A | 2.20x | N/A | 2.12x | 61.3% | 61.3% | 0 | 0 | Seventh | LO(26);DEF(90);O(4) | $16,334,076 | ||
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | N/A | 1.96x | N/A | 1.78x | N/A | 65.3% | 49.0% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | $32,427,758 | ||
Property | 6.01 | Hilton Garden Inn Bend | $5,416,564 | ||||||||||||||
Property | 6.02 | Hampton Inn & Suites Bend | $4,710,216 | ||||||||||||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | $6,224,161 | ||||||||||||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | $4,805,206 | ||||||||||||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | $5,115,220 | ||||||||||||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | $3,181,823 | ||||||||||||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | $2,974,568 | ||||||||||||||
Loan | 5, 6 | 7 | North Bay Portfolio | N/A | 1.85x | 2.46x | 1.66x | 2.21x | 62.4% | 57.2% | 5 | 4 | First | LO(24);YM1(91);O(5) | A | $6,225,864 | |
Property | 7.01 | Petaluma Business Center | $2,387,362 | ||||||||||||||
Property | 7.02 | South Petaluma Business Center | $2,372,106 | ||||||||||||||
Property | 7.03 | Lakeville Business Center | $1,466,396 | ||||||||||||||
Loan | 8 | Prescott Valley Crossroads | N/A | 1.59x | 2.05x | 1.49x | 1.92x | 65.3% | 57.7% | 5 | 4 | First | LO(24);YM1(92);O(4) | B | $2,961,043 | ||
Loan | 6 | 9 | WMC Portfolio | N/A | 1.59x | 2.08x | 1.44x | 1.88x | 74.9% | 64.4% | 5 | 5 | First | LO(24);DEF(91);O(5) | $3,683,830 | ||
Property | 9.01 | Oak Summit | $2,025,530 | ||||||||||||||
Property | 9.02 | Wytheville Commons | $1,254,009 | ||||||||||||||
Property | 9.03 | Chatham Crossing | $404,291 | ||||||||||||||
Loan | 5, 11, 12 | 10 | The Gateway | N/A | N/A | 3.02x | N/A | 3.00x | 38.0% | 38.0% | 0 | 0 | Sixth | LO(11);YM1(13);DEF/YM1(89);O(7) | C | $47,219,420 | |
Loan | 11 | One Lincoln Station | N/A | N/A | 2.07x | N/A | 1.94x | 61.6% | 61.6% | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | N/A | |||
Loan | 13 | 12 | Shoppes of Benton | N/A | 1.35x | N/A | 1.23x | N/A | 71.0% | 58.4% | 5 | 5 | First | LO(24);DEF(91);O(5) | N/A | ||
Loan | 14 | 13 | 300 E. 85th Housing Corp. | N/A | 5.98x | N/A | 5.89x | N/A | 6.5% | 5.8% | 10 | 10 | First | YM1(113);O(7) | D | N/A | |
Loan | 14 | Peninsula Ridge | N/A | 1.33x | 1.74x | 1.30x | 1.70x | 73.2% | 64.5% | 0 | 5 | First | LO(24);DEF(91);O(5) | N/A | |||
Loan | 15 | Warm Springs Promenade | N/A | 1.89x | N/A | 1.67x | N/A | 64.0% | 52.6% | 5 | 5 | First | LO(25);DEF(90);O(5) | $1,524,637 | |||
Loan | 16 | Holiday Inn BWI Airport | N/A | 2.05x | N/A | 1.79x | N/A | 67.1% | 55.5% | 5 | 5 | First | LO(25);DEF(91);O(4) | $4,724,518 | |||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | N/A | N/A | 1.84x | N/A | 1.79x | 59.9% | 59.9% | 5 | 4 | First | LO(25);DEF/YM1(90);O(5) | E | $1,267,415 | |
Property | 17.01 | StorageOne at Lone Mountain | $700,419 | ||||||||||||||
Property | 17.02 | StoreMore Self Storage | $566,996 | ||||||||||||||
Loan | 18 | Dollar Self Storage | N/A | 1.35x | N/A | 1.33x | N/A | 64.0% | 52.5% | 5 | 5 | First | LO(24);DEF(91);O(5) | $972,776 | |||
Loan | 19 | South Academy Highlands | N/A | 1.36x | N/A | 1.31x | N/A | 73.6% | 61.1% | 5 days once every 12 month period | 5 | First | LO(23);YM1(93);O(4) | F | N/A | ||
Loan | 20 | Miami Heights MHC | N/A | 1.42x | N/A | 1.40x | N/A | 63.1% | 52.2% | 5 | 4 | First | LO(25);DEF(91);O(4) | $954,036 | |||
Loan | 21 | Dunes Retail Center | N/A | 1.35x | N/A | 1.27x | N/A | 65.3% | 49.3% | 0 | 0 | Eleventh | LO(26);DEF(90);O(4) | $690,487 | |||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | N/A | 5.02x | N/A | 4.90x | N/A | 20.2% | 17.1% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 23 | Park City Self Storage | N/A | N/A | 2.88x | N/A | 2.84x | 44.3% | 44.3% | 5 | 4 | First | LO(25);DEF(90);O(5) | $1,092,961 | ||
Loan | 24 | Boca Chica Plaza | N/A | 1.74x | N/A | 1.61x | N/A | 65.9% | 54.4% | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | $795,420 | |||
Loan | 14 | 25 | Booth Street Owners Corp. | N/A | 5.77x | N/A | 5.67x | N/A | 9.9% | 8.8% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 26 | Sparrows Lodge | N/A | N/A | 4.54x | N/A | 4.12x | 52.6% | 52.6% | 5 | 4 | First | LO(23);YM1(92);O(5) | G | $2,262,120 | |
Loan | 27 | Peter Pan MHC | Group A | N/A | 2.26x | N/A | 2.24x | 54.7% | 54.7% | 5 | 4 | First | LO(24);DEF(92);O(4) | $891,869 | |||
Loan | 28 | 27 Orinda Way | N/A | 1.51x | 1.96x | 1.47x | 1.91x | 40.0% | 38.2% | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | N/A | |||
Loan | 14 | 29 | Wesley House Ltd. | N/A | N/A | 5.36x | N/A | 5.25x | 22.4% | 22.4% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | N/A | N/A | 6.40x | N/A | 6.21x | 18.9% | 18.9% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | N/A | 11.62x | N/A | 11.42x | N/A | 4.7% | 3.7% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | N/A | 10.07x | N/A | 9.80x | N/A | 4.6% | 3.7% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 33 | Skylark MHC | Group A | N/A | 2.56x | N/A | 2.52x | 56.4% | 56.4% | 5 | 4 | First | LO(24);DEF(92);O(4) | $456,484 | |||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | N/A | 5.31x | N/A | 5.21x | N/A | 24.7% | 19.5% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | N/A | N/A | 20.33x | N/A | 20.00x | 8.9% | 8.9% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 15 | 36 | Sunnyvale Medical Plaza | N/A | 1.42x | N/A | 1.40x | N/A | 74.5% | 57.4% | 5 | 5 | First | LO(23);YM1(92);O(5) | H | $251,560 | |
Loan | 14 | 37 | Burnham House, Inc. | N/A | 18.46x | N/A | 18.37x | N/A | 3.6% | 2.9% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | N/A | 11.48x | N/A | 11.18x | N/A | 9.3% | 7.4% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | N/A | 57.46x | N/A | 56.99x | N/A | 1.0% | 0.8% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | N/A | 3.64x | N/A | 3.60x | N/A | 12.5% | 9.1% | 10 | 10 | First | YM1(113);1%(3);O(4) | D | N/A | |
Loan | 41 | Jonesboro Self Storage | N/A | 1.49x | 1.79x | 1.42x | 1.71x | 74.4% | 65.6% | 5 | 4 | First | LO(25);DEF(91);O(4) | $258,201 | |||
Loan | 42 | Rio Seco MHC | Group A | N/A | 2.78x | N/A | 2.73x | 51.7% | 51.7% | 5 | 4 | First | LO(24);DEF(92);O(4) | $324,435 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Third Most Recent Expenses |
Third Most Recent NOI |
Third Most Recent NOI Date |
Third Most Recent NOI Debt Yield |
Second Most Recent Revenues |
Second Most Recent Expenses |
Second Most Recent NOI |
Second Most Recent NOI Date |
Second Most Recent NOI Debt Yield |
Most Recent Revenues |
Most Recent Expenses |
Most Recent NOI |
Most Recent NOI Date |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | $13,248,393 | $35,697,165 | 12/31/2015 | 17.9% | $49,470,075 | $13,200,966 | $36,269,109 | 12/31/2016 | 18.2% | $47,095,819 | $12,959,706 | $34,136,114 | 11/30/2017 TTM |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | $8,583,643 | $17,582,312 | 12/31/2015 | 7.7% | $27,769,303 | $8,591,017 | $19,178,286 | 12/31/2016 | 8.4% | $28,991,712 | $8,620,095 | $20,371,617 | 12/31/2017 |
Property | 2.01 | Extra Space Washington | $1,089,510 | $2,547,927 | 12/31/2015 | $3,765,928 | $1,123,512 | $2,642,416 | 12/31/2016 | $3,809,383 | $1,108,314 | $2,701,069 | 12/31/2017 | |||
Property | 2.02 | Extra Space San Jose | $430,349 | $1,224,780 | 12/31/2015 | $1,737,437 | $454,576 | $1,282,861 | 12/31/2016 | $1,810,952 | $439,006 | $1,371,946 | 12/31/2017 | |||
Property | 2.03 | Extra Space San Diego | $472,544 | $1,102,300 | 12/31/2015 | $1,727,185 | $454,318 | $1,272,867 | 12/31/2016 | $1,785,023 | $452,637 | $1,332,386 | 12/31/2017 | |||
Property | 2.04 | Extra Space Panorama City | $484,844 | $972,886 | 12/31/2015 | $1,552,755 | $463,806 | $1,088,949 | 12/31/2016 | $1,653,108 | $485,673 | $1,167,435 | 12/31/2017 | |||
Property | 2.05 | Extra Space Norwalk | $403,111 | $892,687 | 12/31/2015 | $1,481,976 | $410,551 | $1,071,425 | 12/31/2016 | $1,621,020 | $419,241 | $1,201,779 | 12/31/2017 | |||
Property | 2.06 | Extra Space Miami East | $383,836 | $958,719 | 12/31/2015 | $1,422,485 | $378,282 | $1,044,203 | 12/31/2016 | $1,455,258 | $386,127 | $1,069,131 | 12/31/2017 | |||
Property | 2.07 | Extra Space Miami West | $371,620 | $973,814 | 12/31/2015 | $1,425,910 | $399,904 | $1,026,006 | 12/31/2016 | $1,530,773 | $394,000 | $1,136,773 | 12/31/2017 | |||
Property | 2.08 | Extra Space Palo Alto | $382,189 | $781,287 | 12/31/2015 | $1,261,162 | $390,026 | $871,136 | 12/31/2016 | $1,329,767 | $382,701 | $947,066 | 12/31/2017 | |||
Property | 2.09 | Extra Space Covina | $358,738 | $772,580 | 12/31/2015 | $1,224,409 | $349,555 | $874,854 | 12/31/2016 | $1,317,669 | $369,275 | $948,394 | 12/31/2017 | |||
Property | 2.10 | Extra Space Gaithersburg | $344,662 | $751,275 | 12/31/2015 | $1,156,363 | $339,781 | $816,582 | 12/31/2016 | $1,186,086 | $342,483 | $843,603 | 12/31/2017 | |||
Property | 2.11 | Extra Space Philadelphia | $328,931 | $683,509 | 12/31/2015 | $1,035,620 | $305,365 | $730,255 | 12/31/2016 | $1,131,001 | $289,175 | $841,826 | 12/31/2017 | |||
Property | 2.12 | Extra Space Westminster | $358,187 | $675,436 | 12/31/2015 | $1,148,721 | $354,200 | $794,521 | 12/31/2016 | $1,181,117 | $351,539 | $829,578 | 12/31/2017 | |||
Property | 2.13 | Extra Space Newark | $294,698 | $636,798 | 12/31/2015 | $923,823 | $282,470 | $641,353 | 12/31/2016 | $1,000,070 | $292,448 | $707,622 | 12/31/2017 | |||
Property | 2.14 | Extra Space Essex | $283,253 | $647,746 | 12/31/2015 | $963,825 | $306,309 | $657,516 | 12/31/2016 | $934,496 | $300,372 | $634,124 | 12/31/2017 | |||
Property | 2.15 | Extra Space New Bedford | $322,148 | $460,865 | 12/31/2015 | $869,182 | $321,660 | $547,522 | 12/31/2016 | $949,890 | $327,232 | $622,658 | 12/31/2017 | |||
Property | 2.16 | Extra Space Birmingham | $246,086 | $524,396 | 12/31/2015 | $827,485 | $246,126 | $581,359 | 12/31/2016 | $872,764 | $242,180 | $630,584 | 12/31/2017 | |||
Property | 2.17 | Extra Space Haverhill | $330,778 | $529,348 | 12/31/2015 | $898,065 | $329,069 | $568,996 | 12/31/2016 | $917,131 | $311,154 | $605,977 | 12/31/2017 | |||
Property | 2.18 | Extra Space Shrewsbury | $285,013 | $539,383 | 12/31/2015 | $830,735 | $271,742 | $558,993 | 12/31/2016 | $841,342 | $290,622 | $550,720 | 12/31/2017 | |||
Property | 2.19 | Extra Space Dallas | $218,182 | $393,571 | 12/31/2015 | $659,556 | $224,881 | $434,675 | 12/31/2016 | $696,695 | $230,206 | $466,489 | 12/31/2017 | |||
Property | 2.20 | Extra Space Enfield | $287,099 | $357,351 | 12/31/2015 | $684,025 | $278,658 | $405,367 | 12/31/2016 | $711,696 | $287,268 | $424,428 | 12/31/2017 | |||
Property | 2.21 | Extra Space San Diego Miramar | $241,525 | $352,067 | 12/31/2015 | $656,386 | $234,644 | $421,742 | 12/31/2016 | $651,396 | $233,788 | $417,608 | 12/31/2017 | |||
Property | 2.22 | Extra Space Shawnee | $225,396 | $301,556 | 12/31/2015 | $559,390 | $245,719 | $313,671 | 12/31/2016 | $583,800 | $254,527 | $329,273 | 12/31/2017 | |||
Property | 2.23 | Extra Space Overland Park | $231,419 | $308,170 | 12/31/2015 | $536,422 | $228,822 | $307,600 | 12/31/2016 | $558,594 | $238,331 | $320,263 | 12/31/2017 | |||
Property | 2.24 | Extra Space Tucson | $209,525 | $193,861 | 12/31/2015 | $420,458 | $197,041 | $223,417 | 12/31/2016 | $462,681 | $191,796 | $270,885 | 12/31/2017 | |||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 5, 9, 16 | 4 | One Dulles Tower | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 5 | 5 | Airport Business Center | $4,180,929 | $12,153,147 | 12/31/2015 | 8.1% | $17,146,711 | $4,242,336 | $12,904,375 | 12/31/2016 | 8.6% | $17,917,090 | $4,281,428 | $13,635,662 | 10/31/2017 TTM |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | $18,706,692 | $13,721,067 | 12/31/2015 | 12.1% | $35,371,115 | $19,536,323 | $15,834,792 | 12/31/2016 | 14.0% | $35,830,406 | $20,182,901 | $15,647,504 | 12/31/2017 |
Property | 6.01 | Hilton Garden Inn Bend | $3,113,933 | $2,302,631 | 12/31/2015 | $6,042,854 | $3,157,981 | $2,884,874 | 12/31/2016 | $5,917,013 | $3,237,510 | $2,679,503 | 12/31/2017 | |||
Property | 6.02 | Hampton Inn & Suites Bend | $2,512,862 | $2,197,354 | 12/31/2015 | $5,637,709 | $2,907,004 | $2,730,705 | 12/31/2016 | $5,563,015 | $3,014,621 | $2,548,394 | 12/31/2017 | |||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | $3,695,654 | $2,528,507 | 12/31/2015 | $6,275,981 | $3,785,238 | $2,490,743 | 12/31/2016 | $6,494,727 | $3,875,213 | $2,619,514 | 12/31/2017 | |||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | $2,451,178 | $2,354,028 | 12/31/2015 | $5,225,712 | $2,625,983 | $2,599,729 | 12/31/2016 | $5,370,398 | $2,736,356 | $2,634,041 | 12/31/2017 | |||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | $2,986,479 | $2,128,741 | 12/31/2015 | $5,553,791 | $3,038,827 | $2,514,965 | 12/31/2016 | $5,564,556 | $3,185,681 | $2,378,875 | 12/31/2017 | |||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | $1,983,284 | $1,198,540 | 12/31/2015 | $3,312,784 | $1,987,730 | $1,325,054 | 12/31/2016 | $3,644,323 | $2,125,109 | $1,519,214 | 12/31/2017 | |||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | $1,963,302 | $1,011,267 | 12/31/2015 | $3,322,283 | $2,033,561 | $1,288,722 | 12/31/2016 | $3,276,373 | $2,008,411 | $1,267,962 | 12/31/2017 | |||
Loan | 5, 6 | 7 | North Bay Portfolio | $2,233,675 | $3,992,189 | 12/31/2015 | 7.4% | $7,767,420 | $2,840,862 | $4,926,558 | 12/31/2016 | 9.1% | $8,330,755 | $2,945,690 | $5,385,065 | 12/31/2017 |
Property | 7.01 | Petaluma Business Center | $577,225 | $1,810,137 | 12/31/2015 | $2,851,096 | $743,974 | $2,107,122 | 12/31/2016 | $2,786,728 | $770,462 | $2,016,266 | 12/31/2017 | |||
Property | 7.02 | South Petaluma Business Center | $958,153 | $1,413,953 | 12/31/2015 | $3,043,916 | $1,262,563 | $1,781,353 | 12/31/2016 | $3,345,388 | $1,302,419 | $2,042,969 | 12/31/2017 | |||
Property | 7.03 | Lakeville Business Center | $698,297 | $768,099 | 12/31/2015 | $1,872,408 | $834,325 | $1,038,083 | 12/31/2016 | $2,198,639 | $872,809 | $1,325,830 | 12/31/2017 | |||
Loan | 8 | Prescott Valley Crossroads | $645,328 | $2,315,715 | 12/31/2015 | 7.2% | $3,397,927 | $729,694 | $2,668,233 | 12/31/2016 | 8.3% | $3,721,248 | $685,572 | $3,035,676 | 12/31/2017 | |
Loan | 6 | 9 | WMC Portfolio | $768,456 | $2,915,374 | 12/31/2015 | 9.8% | $3,658,496 | $766,558 | $2,891,938 | 12/31/2016 | 9.7% | $3,472,969 | $720,269 | $2,752,700 | 12/31/2017 |
Property | 9.01 | Oak Summit | $446,418 | $1,579,112 | 12/31/2015 | $2,016,885 | $421,621 | $1,595,264 | 12/31/2016 | $1,758,832 | $416,120 | $1,342,712 | 12/31/2017 | |||
Property | 9.02 | Wytheville Commons | $226,866 | $1,027,143 | 12/31/2015 | $1,235,012 | $254,491 | $980,521 | 12/31/2016 | $1,301,873 | $219,697 | $1,082,176 | 12/31/2017 | |||
Property | 9.03 | Chatham Crossing | $95,172 | $309,119 | 12/31/2015 | $406,599 | $90,446 | $316,153 | 12/31/2016 | $412,264 | $84,452 | $327,812 | 12/31/2017 | |||
Loan | 5, 11, 12 | 10 | The Gateway | $10,391,115 | $36,828,305 | 12/31/2015 | 11.2% | $48,272,429 | $10,606,334 | $37,666,095 | 12/31/2016 | 11.4% | $48,227,609 | $10,883,334 | $37,344,275 | 12/31/2017 |
Loan | 11 | One Lincoln Station | N/A | N/A | N/A | N/A | $2,373,484 | $1,319,546 | $1,053,938 | 12/31/2016 | 3.9% | $3,309,690 | $2,061,207 | $1,248,483 | 12/31/2017 | |
Loan | 13 | 12 | Shoppes of Benton | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | Peninsula Ridge | N/A | N/A | N/A | N/A | $1,035,287 | $455,862 | $579,425 | 12/31/2017 | 4.5% | $1,116,786 | $468,495 | $648,292 | 1/31/2018 TTM | |
Loan | 15 | Warm Springs Promenade | $407,026 | $1,117,611 | 12/31/2015 | 8.6% | $1,641,145 | $347,199 | $1,293,946 | 12/31/2016 | 10.0% | $2,135,765 | $425,445 | $1,710,319 | 12/31/2017 | |
Loan | 16 | Holiday Inn BWI Airport | $3,157,608 | $1,566,910 | 12/31/2015 | 13.3% | $4,738,266 | $3,212,670 | $1,525,596 | 12/31/2016 | 13.0% | $4,919,798 | $3,354,537 | $1,565,261 | 11/30/2017 TTM | |
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | $528,117 | $739,298 | 12/31/2016 | 7.4% | $1,334,656 | $532,208 | $802,448 | 12/31/2017 | 8.0% | $1,338,398 | $527,102 | $811,296 | 1/31/2018 TTM |
Property | 17.01 | StorageOne at Lone Mountain | $286,091 | $414,328 | 12/31/2016 | $753,862 | $278,179 | $475,683 | 12/31/2017 | $757,000 | $279,557 | $477,443 | 1/31/2018 TTM | |||
Property | 17.02 | StoreMore Self Storage | $242,026 | $324,970 | 12/31/2016 | $580,794 | $254,029 | $326,765 | 12/31/2017 | $581,398 | $247,545 | $333,853 | 1/31/2018 TTM | |||
Loan | 18 | Dollar Self Storage | $358,370 | $614,406 | 1/31/2018 TTM | 7.7% | $1,109,729 | $394,210 | $715,519 | 1/31/2018 T-6 Ann. | 8.9% | $1,153,273 | $385,734 | $767,539 | 1/31/2018 T-3 Ann. | |
Loan | 19 | South Academy Highlands | N/A | N/A | N/A | N/A | $434,253 | $132,427 | $301,826 | 12/31/2016 | 4.1% | $719,437 | $201,120 | $518,317 | 12/31/2017 | |
Loan | 20 | Miami Heights MHC | $308,064 | $645,972 | 12/31/2015 | 9.7% | $965,868 | $319,689 | $646,179 | 12/31/2016 | 9.7% | $980,239 | $380,402 | $599,837 | 12/31/2017 | |
Loan | 21 | Dunes Retail Center | $164,375 | $526,112 | 12/31/2015 | 8.0% | $746,370 | $163,133 | $583,238 | 12/31/2016 | 8.9% | $786,516 | $198,135 | $588,381 | 12/31/2017 | |
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 23 | Park City Self Storage | $353,783 | $739,178 | 12/31/2015 | 12.3% | $1,129,891 | $366,673 | $763,218 | 12/31/2016 | 12.7% | $1,125,574 | $346,659 | $778,915 | 12/31/2017 |
Loan | 24 | Boca Chica Plaza | $182,286 | $613,134 | 12/31/2015 | 10.2% | $779,998 | $181,935 | $598,063 | 12/31/2016 | 10.0% | $710,774 | $183,681 | $527,093 | 12/31/2017 | |
Loan | 14 | 25 | Booth Street Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 26 | Sparrows Lodge | $1,271,002 | $991,118 | 12/31/2016 | 19.8% | $2,401,348 | $1,333,106 | $1,068,242 | 12/31/2017 | 21.4% | $2,440,997 | $1,353,946 | $1,087,051 | 1/31/2018 TTM |
Loan | 27 | Peter Pan MHC | $380,343 | $511,526 | 12/31/2015 | 10.5% | $915,695 | $385,575 | $530,120 | 12/31/2016 | 10.9% | $918,479 | $395,557 | $522,922 | 12/31/2017 | |
Loan | 28 | 27 Orinda Way | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 29 | Wesley House Ltd. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 33 | Skylark MHC | $132,065 | $324,419 | 12/31/2015 | 12.7% | $450,226 | $142,635 | $307,591 | 12/31/2016 | 12.1% | $473,225 | $143,795 | $329,430 | 12/31/2017 | |
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 15 | 36 | Sunnyvale Medical Plaza | $25,169 | $226,391 | 12/31/2015 | 10.7% | $260,939 | $24,988 | $235,951 | 12/31/2016 | 11.1% | $261,542 | $24,329 | $237,213 | 9/30/2017 T-9 Ann. |
Loan | 14 | 37 | Burnham House, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Loan | 41 | Jonesboro Self Storage | $155,587 | $102,614 | 12/31/2015 | 7.5% | $285,420 | $169,617 | $115,803 | 12/31/2016 | 8.4% | $288,256 | $170,666 | $117,590 | 12/31/2017 | |
Loan | 42 | Rio Seco MHC | $158,182 | $166,253 | 12/31/2015 | 13.4% | $337,445 | $164,996 | $172,449 | 12/31/2016 | 13.9% | $342,612 | $166,387 | $176,225 | 12/31/2017 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Most Recent NOI Debt Yield |
Underwritten Occupancy Rate |
Underwritten Effective Gross Income |
Underwritten Total Expenses |
Underwritten NOI | Underwritten NOI Debt Yield | Underwritten Replacement Reserves |
Underwritten TI/LC |
Underwritten NCF | Underwritten NCF Debt Yield | Largest Tenant | |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 17.1% | 90.1% | $42,899,192 | $12,304,366 | $30,594,826 | 15.3% | $137,443 | $446,275 | $30,011,109 | 15.0% | Nordstrom | |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | 8.9% | 88.0% | $29,418,170 | $8,461,563 | $20,956,607 | 9.2% | $242,209 | $0 | $20,714,398 | 9.0% | ||
Property | 2.01 | Extra Space Washington | 91.6% | $3,819,785 | $1,051,654 | $2,768,131 | $15,657 | $0 | $2,752,474 | N/A | |||||
Property | 2.02 | Extra Space San Jose | 91.8% | $1,819,282 | $454,150 | $1,365,132 | $10,028 | $0 | $1,355,104 | N/A | |||||
Property | 2.03 | Extra Space San Diego | 85.6% | $1,789,807 | $446,056 | $1,343,751 | $17,900 | $0 | $1,325,851 | N/A | |||||
Property | 2.04 | Extra Space Panorama City | 78.1% | $1,685,150 | $490,844 | $1,194,306 | $11,609 | $0 | $1,182,697 | N/A | |||||
Property | 2.05 | Extra Space Norwalk | 81.7% | $1,627,801 | $441,411 | $1,186,390 | $11,929 | $0 | $1,174,461 | N/A | |||||
Property | 2.06 | Extra Space Miami East | 84.8% | $1,495,000 | $371,759 | $1,123,241 | $12,059 | $0 | $1,111,182 | N/A | |||||
Property | 2.07 | Extra Space Miami West | 80.7% | $1,499,016 | $380,374 | $1,118,642 | $11,335 | $0 | $1,107,307 | N/A | |||||
Property | 2.08 | Extra Space Palo Alto | 87.9% | $1,365,114 | $380,067 | $985,047 | $6,875 | $0 | $978,172 | N/A | |||||
Property | 2.09 | Extra Space Covina | 90.1% | $1,347,885 | $370,523 | $977,362 | $11,181 | $0 | $966,181 | N/A | |||||
Property | 2.10 | Extra Space Gaithersburg | 90.9% | $1,217,315 | $330,665 | $886,650 | $11,151 | $0 | $875,499 | N/A | |||||
Property | 2.11 | Extra Space Philadelphia | 89.3% | $1,163,778 | $310,801 | $852,977 | $10,264 | $0 | $842,713 | N/A | |||||
Property | 2.12 | Extra Space Westminster | 89.6% | $1,200,845 | $350,224 | $850,621 | $9,900 | $0 | $840,721 | N/A | |||||
Property | 2.13 | Extra Space Newark | 80.8% | $1,021,666 | $273,202 | $748,464 | $9,645 | $0 | $738,819 | N/A | |||||
Property | 2.14 | Extra Space Essex | 87.4% | $974,745 | $286,530 | $688,215 | $9,064 | $0 | $679,151 | N/A | |||||
Property | 2.15 | Extra Space New Bedford | 83.1% | $976,485 | $312,439 | $664,046 | $9,803 | $0 | $654,243 | N/A | |||||
Property | 2.16 | Extra Space Birmingham | 95.4% | $892,834 | $226,080 | $666,754 | $11,005 | $0 | $655,749 | N/A | |||||
Property | 2.17 | Extra Space Haverhill | 94.2% | $925,538 | $300,665 | $624,873 | $8,024 | $0 | $616,849 | N/A | |||||
Property | 2.18 | Extra Space Shrewsbury | 89.4% | $870,987 | $276,024 | $594,963 | $9,795 | $0 | $585,168 | N/A | |||||
Property | 2.19 | Extra Space Dallas | 86.9% | $709,317 | $221,428 | $487,889 | $7,121 | $0 | $480,768 | N/A | |||||
Property | 2.20 | Extra Space Enfield | 88.9% | $710,804 | $273,073 | $437,731 | $9,848 | $0 | $427,883 | N/A | |||||
Property | 2.21 | Extra Space San Diego Miramar | 84.6% | $665,112 | $226,926 | $438,186 | $5,458 | $0 | $432,728 | N/A | |||||
Property | 2.22 | Extra Space Shawnee | 98.5% | $597,398 | $257,975 | $339,423 | $8,436 | $0 | $330,987 | N/A | |||||
Property | 2.23 | Extra Space Overland Park | 93.7% | $571,518 | $240,089 | $331,429 | $7,034 | $0 | $324,395 | N/A | |||||
Property | 2.24 | Extra Space Tucson | 85.8% | $470,988 | $188,604 | $282,384 | $7,088 | $0 | $275,296 | N/A | |||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | N/A | 99.0% | $46,190,546 | $4,804,932 | $41,385,613 | 12.2% | $176,531 | $0 | $41,209,082 | 12.1% | Apple | |
Loan | 5, 9, 16 | 4 | One Dulles Tower | N/A | 99.0% | $16,777,561 | $3,364,829 | $13,412,732 | 8.8% | $80,725 | $0 | $13,332,007 | 8.8% | Amazon | |
Loan | 5 | 5 | Airport Business Center | 9.1% | 91.7% | $18,889,349 | $4,222,532 | $14,666,817 | 9.8% | $257,526 | $292,643 | $14,116,649 | 9.4% | American Pacific Printers College, Inc. | |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | 13.8% | 79.4% | $35,830,406 | $20,267,527 | $15,562,879 | 13.7% | $1,433,216 | $0 | $14,129,663 | 12.5% | ||
Property | 6.01 | Hilton Garden Inn Bend | 85.4% | $5,917,013 | $3,292,596 | $2,624,417 | $236,681 | $0 | $2,387,736 | N/A | |||||
Property | 6.02 | Hampton Inn & Suites Bend | 80.0% | $5,563,015 | $2,972,849 | $2,590,166 | $222,521 | $0 | $2,367,646 | N/A | |||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | 81.9% | $6,494,727 | $3,861,318 | $2,633,409 | $259,789 | $0 | $2,373,620 | N/A | |||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | 80.2% | $5,370,398 | $2,811,954 | $2,558,444 | $214,816 | $0 | $2,343,628 | N/A | |||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | 80.7% | $5,564,556 | $3,216,483 | $2,348,073 | $222,582 | $0 | $2,125,491 | N/A | |||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | 67.3% | $3,644,323 | $2,101,071 | $1,543,253 | $145,773 | $0 | $1,397,480 | N/A | |||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | 77.0% | $3,276,373 | $2,011,256 | $1,265,117 | $131,055 | $0 | $1,134,062 | N/A | |||||
Loan | 5, 6 | 7 | North Bay Portfolio | 10.0% | 90.8% | $9,001,654 | $2,935,923 | $6,065,732 | 11.2% | $102,433 | $501,823 | $5,461,476 | 10.1% | ||
Property | 7.01 | Petaluma Business Center | 80.8% | $2,701,942 | $715,842 | $1,986,100 | $42,642 | $205,365 | $1,738,093 | Calix Networks, Inc. | |||||
Property | 7.02 | South Petaluma Business Center | 100.0% | $4,008,757 | $1,371,379 | $2,637,378 | $29,927 | $145,761 | $2,461,690 | The Gap Inc. | |||||
Property | 7.03 | Lakeville Business Center | 89.7% | $2,290,955 | $848,702 | $1,442,254 | $29,864 | $150,697 | $1,261,692 | Hydropoint Data Systems | |||||
Loan | 8 | Prescott Valley Crossroads | 9.5% | 92.1% | $4,022,775 | $795,698 | $3,227,077 | 10.1% | $50,233 | $149,122 | $3,027,722 | 9.5% | Hobby Lobby | ||
Loan | 6 | 9 | WMC Portfolio | 9.2% | 89.6% | $3,653,769 | $712,177 | $2,941,592 | 9.9% | $77,715 | $196,111 | $2,667,766 | 8.9% | ||
Property | 9.01 | Oak Summit | 81.4% | $1,843,923 | $410,707 | $1,433,217 | $38,772 | $93,724 | $1,300,720 | Marshalls | |||||
Property | 9.02 | Wytheville Commons | 100.0% | $1,325,451 | $222,577 | $1,102,874 | $29,202 | $60,418 | $1,013,254 | Burke’s Outlet Store | |||||
Property | 9.03 | Chatham Crossing | 100.0% | $484,395 | $78,894 | $405,501 | $9,741 | $41,969 | $353,792 | Dollar Tree | |||||
Loan | 5, 11, 12 | 10 | The Gateway | 11.3% | 95.4% | $48,863,999 | $11,209,094 | $37,654,905 | 11.4% | $313,500 | $0 | $37,341,405 | 11.3% | Safeway Stores, Inc. | |
Loan | 11 | One Lincoln Station | 4.6% | 95.0% | $4,925,336 | $2,199,209 | $2,726,127 | 10.1% | $29,437 | $147,184 | $2,549,507 | 9.4% | Nationwide | ||
Loan | 13 | 12 | Shoppes of Benton | N/A | 87.1% | $2,500,160 | $522,738 | $1,977,422 | 8.6% | $25,196 | $144,224 | $1,808,002 | 7.9% | Hobby Lobby | |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | N/A | 97.0% | $9,666,919 | $4,950,690 | $4,716,229 | 30.8% | $71,600 | $0 | $4,644,629 | 30.4% | N/A | |
Loan | 14 | Peninsula Ridge | 5.0% | 95.0% | $1,649,064 | $575,650 | $1,073,414 | 8.3% | $24,000 | $0 | $1,049,414 | 8.1% | N/A | ||
Loan | 15 | Warm Springs Promenade | 13.2% | 83.7% | $2,111,801 | $554,347 | $1,557,454 | 12.0% | $25,617 | $153,863 | $1,377,973 | 10.6% | Flip N’ Tag | ||
Loan | 16 | Holiday Inn BWI Airport | 13.3% | 77.2% | $4,919,798 | $3,354,144 | $1,565,654 | 13.3% | $196,792 | $0 | $1,368,862 | 11.7% | N/A | ||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | 8.1% | 78.6% | $1,371,888 | $444,238 | $927,650 | 9.3% | $21,203 | $0 | $906,447 | 9.1% | ||
Property | 17.01 | StorageOne at Lone Mountain | 81.8% | $783,354 | $218,927 | $564,427 | $9,174 | $0 | $555,253 | N/A | |||||
Property | 17.02 | StoreMore Self Storage | 74.9% | $588,534 | $225,311 | $363,223 | $12,029 | $0 | $351,194 | N/A | |||||
Loan | 18 | Dollar Self Storage | 9.6% | 84.2% | $1,109,729 | $422,654 | $687,075 | 8.6% | $12,387 | $0 | $674,688 | 8.4% | N/A | ||
Loan | 19 | South Academy Highlands | 7.1% | 93.2% | $870,903 | $207,060 | $663,843 | 9.0% | $3,435 | $22,898 | $637,510 | 8.7% | Cheyenne Mountain Modern Dentistry | ||
Loan | 20 | Miami Heights MHC | 9.0% | 95.0% | $966,238 | $350,992 | $615,246 | 9.2% | $7,000 | $0 | $608,246 | 9.1% | N/A | ||
Loan | 21 | Dunes Retail Center | 9.0% | 92.0% | $816,694 | $189,829 | $626,865 | 9.5% | $7,200 | $27,001 | $592,664 | 9.0% | Goodwill | ||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | N/A | 98.0% | $3,511,922 | $1,902,783 | $1,609,139 | 26.4% | $38,500 | $0 | $1,570,639 | 25.8% | N/A | |
Loan | 14 | 23 | Park City Self Storage | 13.0% | 89.4% | $1,125,574 | $341,915 | $783,659 | 13.1% | $11,700 | $0 | $771,959 | 12.9% | N/A | |
Loan | 24 | Boca Chica Plaza | 8.8% | 90.0% | $876,132 | $201,607 | $674,526 | 11.3% | $14,551 | $35,045 | $624,930 | 10.4% | LFD Home Furnishing | ||
Loan | 14 | 25 | Booth Street Owners Corp. | N/A | 95.1% | $3,258,943 | $1,642,400 | $1,616,543 | 29.4% | $25,600 | $0 | $1,590,943 | 28.9% | N/A | |
Loan | 14 | 26 | Sparrows Lodge | 21.7% | 85.3% | $2,447,060 | $1,384,462 | $1,062,598 | 21.3% | $97,882 | $0 | $964,716 | 19.3% | N/A | |
Loan | 27 | Peter Pan MHC | 10.8% | 94.9% | $905,837 | $385,863 | $519,974 | 10.7% | $4,700 | $0 | $515,274 | 10.6% | N/A | ||
Loan | 28 | 27 Orinda Way | N/A | 95.0% | $431,796 | $5,322 | $426,474 | 9.5% | $2,981 | $7,452 | $416,041 | 9.2% | Rite Aid | ||
Loan | 14 | 29 | Wesley House Ltd. | N/A | 94.7% | $1,712,867 | $793,361 | $919,506 | 23.0% | $19,500 | $0 | $900,006 | 22.5% | N/A | |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | N/A | 96.9% | $1,511,480 | $675,900 | $835,580 | 27.4% | $25,200 | $0 | $810,380 | 26.6% | N/A | |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | N/A | 96.0% | $2,956,484 | $1,007,593 | $1,948,891 | 65.2% | $33,300 | $0 | $1,915,591 | 64.1% | N/A | |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | N/A | 98.0% | $3,006,595 | $1,405,223 | $1,601,372 | 58.3% | $42,500 | $0 | $1,558,872 | 56.8% | N/A | |
Loan | 33 | Skylark MHC | 12.9% | 94.9% | $457,004 | $155,288 | $301,716 | 11.8% | $4,518 | $0 | $297,198 | 11.7% | N/A | ||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | N/A | 98.0% | $1,182,046 | $442,887 | $739,159 | 29.7% | $14,900 | $0 | $724,259 | 29.1% | N/A | |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | N/A | 96.7% | $2,848,194 | $1,052,979 | $1,795,215 | 79.8% | $29,100 | $0 | $1,766,115 | 78.5% | N/A | |
Loan | 15 | 36 | Sunnyvale Medical Plaza | 11.2% | 95.0% | $349,303 | $123,422 | $225,881 | 10.6% | $1,771 | $592 | $223,518 | 10.5% | Dr. Fontenot | |
Loan | 14 | 37 | Burnham House, Inc. | N/A | 97.1% | $2,957,375 | $788,644 | $2,168,731 | 108.6% | $10,000 | $0 | $2,158,731 | 108.1% | N/A | |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | N/A | 98.0% | $2,729,699 | $1,422,751 | $1,306,948 | 65.4% | $33,300 | $0 | $1,273,648 | 63.8% | N/A | |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | N/A | 97.7% | $10,419,969 | $4,018,120 | $6,401,849 | 321.1% | $52,400 | $0 | $6,349,449 | 318.5% | N/A | |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | N/A | 97.5% | $706,434 | $325,755 | $380,679 | 23.5% | $4,400 | $0 | $376,279 | 23.3% | N/A | |
Loan | 41 | Jonesboro Self Storage | 8.5% | 81.5% | $282,024 | $139,328 | $142,696 | 10.4% | $5,854 | $0 | $136,842 | 9.9% | N/A | ||
Loan | 42 | Rio Seco MHC | 14.2% | 95.0% | $335,453 | $166,388 | $169,065 | 13.6% | $3,300 | $0 | $165,765 | 13.4% | N/A |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Largest Tenant Lease Expiration(4) |
Largest Tenant NSF |
Largest Tenant % of NSF |
2nd Largest Tenant | 2nd Largest Tenant Lease Expiration(4) |
2nd Largest Tenant NSF |
2nd Largest Tenant % of NSF |
||
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 2/28/2023 | 167,000 | 23.3% | H&M | 1/31/2029 | 24,440 | 3.4% | ||
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | |||||||||
Property | 2.01 | Extra Space Washington | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.02 | Extra Space San Jose | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.03 | Extra Space San Diego | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.04 | Extra Space Panorama City | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.05 | Extra Space Norwalk | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.06 | Extra Space Miami East | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.07 | Extra Space Miami West | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.08 | Extra Space Palo Alto | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.09 | Extra Space Covina | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.10 | Extra Space Gaithersburg | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.11 | Extra Space Philadelphia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.12 | Extra Space Westminster | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.13 | Extra Space Newark | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.14 | Extra Space Essex | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.15 | Extra Space New Bedford | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.16 | Extra Space Birmingham | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.17 | Extra Space Haverhill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.18 | Extra Space Shrewsbury | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.19 | Extra Space Dallas | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.20 | Extra Space Enfield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.21 | Extra Space San Diego Miramar | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.22 | Extra Space Shawnee | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.23 | Extra Space Overland Park | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 2.24 | Extra Space Tucson | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | 2/28/2031 | 882,657 | 100.0% | N/A | N/A | N/A | N/A | ||
Loan | 5, 9, 16 | 4 | One Dulles Tower | 9/30/2029 | 403,622 | 100.0% | N/A | N/A | N/A | N/A | ||
Loan | 5 | 5 | Airport Business Center | 2,040 SF expiring MTM; 4,800 SF expiring 1/31/2019; 14,400 SF expiring 2/28/2019 | 21,240 | 1.8% | Just Food for Dogs, LLC | 6/30/2028 | 18,142 | 1.5% | ||
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | |||||||||
Property | 6.01 | Hilton Garden Inn Bend | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 6.02 | Hampton Inn & Suites Bend | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 5, 6 | 7 | North Bay Portfolio | |||||||||
Property | 7.01 | Petaluma Business Center | 2/28/2019 | 82,082 | 38.5% | AVRS, Inc. | 10/31/2019 | 24,865 | 11.7% | |||
Property | 7.02 | South Petaluma Business Center | 10/31/2021 | 39,528 | 26.4% | Panamax, LLC | 3/31/2020 | 36,701 | 24.5% | |||
Property | 7.03 | Lakeville Business Center | 3/31/2023 | 26,522 | 17.8% | Frontrow Calypso LLC | 10/31/2018 | 22,599 | 15.1% | |||
Loan | 8 | Prescott Valley Crossroads | 8/31/2024 | 54,295 | 21.6% | Dick’s Sporting Goods | 1/31/2024 | 35,000 | 13.9% | |||
Loan | 6 | 9 | WMC Portfolio | |||||||||
Property | 9.01 | Oak Summit | 4/30/2023 | 23,953 | 16.8% | Petsmart | 5/31/2020 | 20,057 | 14.1% | |||
Property | 9.02 | Wytheville Commons | 1/31/2021 | 25,000 | 27.7% | Petco | 1/31/2023 | 11,756 | 13.0% | |||
Property | 9.03 | Chatham Crossing | 6/30/2022 | 9,000 | 28.1% | San Felipe Mexican Restaurant | 5/31/2018 | 4,800 | 15.0% | |||
Loan | 5, 11, 12 | 10 | The Gateway | 5/31/2020 | 17,630 | 28.4% | Bay Club Golden Gateway, Inc. | 11/30/2032 | 7,355 | 11.9% | ||
Loan | 11 | One Lincoln Station | 1/31/2023 | 77,690 | 52.8% | Shea Homes | 8/24/2027 | 31,594 | 21.5% | |||
Loan | 13 | 12 | Shoppes of Benton | 7/31/2032 | 55,000 | 31.7% | TJ Maxx | 8/31/2027 | 40,018 | 23.0% | ||
Loan | 14 | 13 | 300 E. 85th Housing Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | Peninsula Ridge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 15 | Warm Springs Promenade | 11/30/2026 | 40,745 | 23.1% | Big Lots | 1/31/2021 | 30,000 | 17.0% | |||
Loan | 16 | Holiday Inn BWI Airport | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | |||||||||
Property | 17.01 | StorageOne at Lone Mountain | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Property | 17.02 | StoreMore Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 18 | Dollar Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 19 | South Academy Highlands | 12/31/2025 | 3,010 | 13.1% | Qdoba | 3/31/2026 | 3,000 | 13.1% | |||
Loan | 20 | Miami Heights MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 21 | Dunes Retail Center | 9/30/2022 | 14,250 | 39.6% | Dollar Tree | 7/31/2019 | 10,367 | 28.8% | |||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 23 | Park City Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 24 | Boca Chica Plaza | 1/31/2027 | 39,253 | 54.0% | Crunch Fitness | 3/4/2027 | 20,172 | 27.7% | |||
Loan | 14 | 25 | Booth Street Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 26 | Sparrows Lodge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 27 | Peter Pan MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 28 | 27 Orinda Way | 12/31/2037 | 14,904 | 100.0% | N/A | N/A | N/A | N/A | |||
Loan | 14 | 29 | Wesley House Ltd. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 31 | 35 W. 9 Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 33 | Skylark MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 15 | 36 | Sunnyvale Medical Plaza | 4/1/2022 | 2,980 | 25.9% | Sunnyvale Smiles | 9/30/2018 | 2,955 | 25.7% | ||
Loan | 14 | 37 | Burnham House, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 41 | Jonesboro Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
Loan | 42 | Rio Seco MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | 3rd Largest Tenant | 3rd Largest Tenant Lease Expiration(4) |
3rd Largest Tenant NSF |
3rd Largest Tenant % of NSF |
4th Largest Tenant | 4th Largest Tenant Lease Expiration(4) |
4th Largest Tenant NSF | |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | Forever 21 | 1/31/2025 | 22,996 | 3.2% | Victoria’s Secret | 1/31/2025 | 14,798 | |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | ||||||||
Property | 2.01 | Extra Space Washington | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.02 | Extra Space San Jose | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.03 | Extra Space San Diego | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.04 | Extra Space Panorama City | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.05 | Extra Space Norwalk | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.06 | Extra Space Miami East | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.07 | Extra Space Miami West | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.08 | Extra Space Palo Alto | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.09 | Extra Space Covina | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.10 | Extra Space Gaithersburg | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.11 | Extra Space Philadelphia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.12 | Extra Space Westminster | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.13 | Extra Space Newark | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.14 | Extra Space Essex | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.15 | Extra Space New Bedford | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.16 | Extra Space Birmingham | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.17 | Extra Space Haverhill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.18 | Extra Space Shrewsbury | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.19 | Extra Space Dallas | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.20 | Extra Space Enfield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.21 | Extra Space San Diego Miramar | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.22 | Extra Space Shawnee | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.23 | Extra Space Overland Park | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 2.24 | Extra Space Tucson | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 5, 9, 16 | 4 | One Dulles Tower | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 5 | 5 | Airport Business Center | PAS MRO, Inc. | 11,192 SF expiring May 31, 2018; 2,625 SF expiring January 31, 2020 | 13,817 | 1.2% | AIDS Services Foundation | 733 SF expiring October 14, 2018; 11,787 SF expiring April 30, 2021 | 12,520 | |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | ||||||||
Property | 6.01 | Hilton Garden Inn Bend | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 6.02 | Hampton Inn & Suites Bend | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 5, 6 | 7 | North Bay Portfolio | ||||||||
Property | 7.01 | Petaluma Business Center | USI Insurance Services | 3/31/2020 | 24,424 | 11.5% | TraumaFX | 6/30/2023 | 19,883 | ||
Property | 7.02 | South Petaluma Business Center | Camelbak Products, Inc. | 7/31/2024 | 32,730 | 21.9% | Kaiser | 2/28/2028 | 19,046 | ||
Property | 7.03 | Lakeville Business Center | Collidion Inc. | 11/30/2022 | 13,243 | 8.9% | Red Bull Distribution Co Inc. | 5/31/2021 | 9,163 | ||
Loan | 8 | Prescott Valley Crossroads | Sprout’s Farmers Market | 6/30/2029 | 27,994 | 11.1% | Ross | 1/31/2027 | 25,000 | ||
Loan | 6 | 9 | WMC Portfolio | ||||||||
Property | 9.01 | Oak Summit | Five Below | 1/31/2027 | 10,959 | 7.7% | Dollar Tree | 5/31/2023 | 10,034 | ||
Property | 9.02 | Wytheville Commons | Dollar Tree | 1/31/2023 | 10,000 | 11.1% | Aaron’s | 1/31/2019 | 6,020 | ||
Property | 9.03 | Chatham Crossing | Shoe Show | 4/30/2022 | 4,007 | 12.5% | CDT Healthcare, PLLC | 4/30/2023 | 3,197 | ||
Loan | 5, 11, 12 | 10 | The Gateway | Bank of America NT & SA | 4/30/2022 | 6,564 | 10.6% | 42nd Street Moon | 7/31/2018 | 4,500 | |
Loan | 11 | One Lincoln Station | Crestone Holdings | 2/28/2023 | 13,710 | 9.3% | Upstream | 4/30/2025 | 4,538 | ||
Loan | 13 | 12 | Shoppes of Benton | Petsmart | 5/31/2027 | 17,826 | 10.3% | Tuesday Morning | 1/31/2027 | 12,412 | |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | Peninsula Ridge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 15 | Warm Springs Promenade | Savers | 12/31/2021 | 25,000 | 14.2% | At Home Furniture | 12/31/2018 | 12,000 | ||
Loan | 16 | Holiday Inn BWI Airport | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | ||||||||
Property | 17.01 | StorageOne at Lone Mountain | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Property | 17.02 | StoreMore Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 18 | Dollar Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 19 | South Academy Highlands | Patriot Tactical | 11/30/2020 | 3,000 | 13.1% | MOD Pizza | 8/31/2027 | 2,700 | ||
Loan | 20 | Miami Heights MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 21 | Dunes Retail Center | Lee, Dak & Amy | 12/14/2021 | 3,380 | 9.4% | Korean BBQ | 11/30/2022 | 2,695 | ||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 23 | Park City Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 24 | Boca Chica Plaza | Wing Barn | 3/19/2023 | 2,285 | 3.1% | Sun Loan Company | 10/31/2018 | 1,750 | ||
Loan | 14 | 25 | Booth Street Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 26 | Sparrows Lodge | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 27 | Peter Pan MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 28 | 27 Orinda Way | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 29 | Wesley House Ltd. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 33 | Skylark MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 15 | 36 | Sunnyvale Medical Plaza | American Heritage Dental | 2/1/2019 | 2,258 | 19.6% | Johnson Chiropractic | 4/1/2019 | 1,689 | |
Loan | 14 | 37 | Burnham House, Inc. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Loan | 41 | Jonesboro Self Storage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
Loan | 42 | Rio Seco MHC | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | 4th Largest Tenant % of NSF |
5th Largest Tenant | 5th Largest Tenant Lease Expiration(4) |
5th Largest Tenant NSF |
5th Largest Tenant % of NSF |
Upfront Replacement Reserves |
Monthly Replacement Reserves |
Replacement Reserve Cap |
Upfront TI/LC Reserves | ||
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 2.1% | Pottery Barn | 1/31/2020 | 10,299 | 1.4% | $0 | $0 | $274,500 | $0 | ||
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | $0 | $0 | $0 | $0 | |||||||
Property | 2.01 | Extra Space Washington | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.02 | Extra Space San Jose | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.03 | Extra Space San Diego | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.04 | Extra Space Panorama City | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.05 | Extra Space Norwalk | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.06 | Extra Space Miami East | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.07 | Extra Space Miami West | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.08 | Extra Space Palo Alto | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.09 | Extra Space Covina | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.10 | Extra Space Gaithersburg | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.11 | Extra Space Philadelphia | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.12 | Extra Space Westminster | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.13 | Extra Space Newark | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.14 | Extra Space Essex | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.15 | Extra Space New Bedford | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.16 | Extra Space Birmingham | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.17 | Extra Space Haverhill | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.18 | Extra Space Shrewsbury | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.19 | Extra Space Dallas | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.20 | Extra Space Enfield | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.21 | Extra Space San Diego Miramar | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.22 | Extra Space Shawnee | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.23 | Extra Space Overland Park | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 2.24 | Extra Space Tucson | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $2,979,839 | ||
Loan | 5, 9, 16 | 4 | One Dulles Tower | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 5 | 5 | Airport Business Center | 1.1% | Steven Enterprises, Inc. | 5/31/2020 | 10,539 | 0.9% | $0 | $21,418 | $525,000 | $0 | ||
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | $0 | $119,435 | $0 | $0 | |||||||
Property | 6.01 | Hilton Garden Inn Bend | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 6.02 | Hampton Inn & Suites Bend | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 5, 6 | 7 | North Bay Portfolio | $0 | $10,670 | $0 | $500,000 | |||||||
Property | 7.01 | Petaluma Business Center | 9.3% | Oculus Innovative Sciences | 6/30/2023 | 13,840 | 6.5% | |||||||
Property | 7.02 | South Petaluma Business Center | 12.7% | Clover-Stornetta Farms, Inc. | 8/31/2026 | 17,554 | 11.7% | |||||||
Property | 7.03 | Lakeville Business Center | 6.1% | Illinois Tool Works, Inc. | 10/31/2019 | 7,562 | 5.1% | |||||||
Loan | 8 | Prescott Valley Crossroads | 10.0% | TJ Maxx | 9/30/2024 | 23,024 | 9.2% | $0 | $4,186 | $200,928 | $93,783 | |||
Loan | 6 | 9 | WMC Portfolio | $0 | $6,476 | $0 | $400,000 | |||||||
Property | 9.01 | Oak Summit | 7.0% | Rainbow | 1/31/2021 | 9,052 | 6.4% | |||||||
Property | 9.02 | Wytheville Commons | 6.7% | Shoe Dept. | 11/30/2025 | 5,000 | 5.5% | |||||||
Property | 9.03 | Chatham Crossing | 10.0% | Verizon Wireless | 10/31/2019 | 2,979 | 9.3% | |||||||
Loan | 5, 11, 12 | 10 | The Gateway | 7.3% | HMS Associates | 12/31/2019 | 3,190 | 5.1% | $0 | $0 | $0 | $0 | ||
Loan | 11 | One Lincoln Station | 3.1% | Alta Trust | 12/31/2023 | 4,323 | 2.9% | $0 | $2,453 | $143,000 | $0 | |||
Loan | 13 | 12 | Shoppes of Benton | 7.1% | Ulta | 8/31/2027 | 9,908 | 5.7% | $0 | $2,172 | $0 | $0 | ||
Loan | 14 | 13 | 300 E. 85th Housing Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | Peninsula Ridge | N/A | N/A | N/A | N/A | N/A | $0 | $2,000 | $0 | $0 | |||
Loan | 15 | Warm Springs Promenade | 6.8% | Lakeshore Learning Center | 4/30/2021 | 8,640 | 4.9% | $0 | $2,184 | $0 | $275,000 | |||
Loan | 16 | Holiday Inn BWI Airport | N/A | N/A | N/A | N/A | N/A | $0 | $16,400 | $1,712,500 | $0 | |||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | $0 | $1,573 | $0 | $0 | |||||||
Property | 17.01 | StorageOne at Lone Mountain | N/A | N/A | N/A | N/A | N/A | |||||||
Property | 17.02 | StoreMore Self Storage | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 18 | Dollar Self Storage | N/A | N/A | N/A | N/A | N/A | $0 | $1,032 | $37,160 | $0 | |||
Loan | 19 | South Academy Highlands | 11.8% | Starbucks | 7/31/2027 | 1,900 | 8.3% | $0 | $0 | $0 | $0 | |||
Loan | 20 | Miami Heights MHC | N/A | N/A | N/A | N/A | N/A | $0 | $583 | $0 | $0 | |||
Loan | 21 | Dunes Retail Center | 7.5% | Terry Johal | 5/31/2020 | 1,532 | 4.3% | $0 | $600 | $0 | $62,202 | |||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 23 | Park City Self Storage | N/A | N/A | N/A | N/A | N/A | $30,000 | $0 | $30,000 | $0 | ||
Loan | 24 | Boca Chica Plaza | 2.4% | Credit Central | 7/31/2022 | 1,705 | 2.3% | $0 | $2,000 | $0 | $0 | |||
Loan | 14 | 25 | Booth Street Owners Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 26 | Sparrows Lodge | N/A | N/A | N/A | N/A | N/A | $0 | $4,907 | $0 | $0 | ||
Loan | 27 | Peter Pan MHC | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | |||
Loan | 28 | 27 Orinda Way | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | |||
Loan | 14 | 29 | Wesley House Ltd. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 31 | 35 W. 9 Owners Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 33 | Skylark MHC | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | |||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 15 | 36 | Sunnyvale Medical Plaza | 14.7% | Health Texas Provider Network | 6/30/2020 | 1,610 | 14.0% | $0 | $148 | $0 | $170,000 | ||
Loan | 14 | 37 | Burnham House, Inc. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | ||
Loan | 41 | Jonesboro Self Storage | N/A | N/A | N/A | N/A | N/A | $0 | $493 | $0 | $0 | |||
Loan | 42 | Rio Seco MHC | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Monthly TI/LC Reserves |
TI/LC Reserve Cap |
Upfront Tax Reserves |
Monthly Tax Reserves |
Upfront Insurance Reserves |
Monthly Insurance Reserves |
Upfront Deferred Maint. Reserve |
Initial Other Reserves |
Ongoing Other Reserves |
Other Reserves Description | |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | $0 | $1,647,000 | $0 | $0 | $0 | $0 | $0 | $4,627,403 | $0 | Tenant Specific TILC Reserve | |
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | $0 | $0 | $0 | $0 | $915 | $457 | $0 | $0 | $0 | N/A | |
Property | 2.01 | Extra Space Washington | ||||||||||||
Property | 2.02 | Extra Space San Jose | ||||||||||||
Property | 2.03 | Extra Space San Diego | ||||||||||||
Property | 2.04 | Extra Space Panorama City | ||||||||||||
Property | 2.05 | Extra Space Norwalk | ||||||||||||
Property | 2.06 | Extra Space Miami East | ||||||||||||
Property | 2.07 | Extra Space Miami West | ||||||||||||
Property | 2.08 | Extra Space Palo Alto | ||||||||||||
Property | 2.09 | Extra Space Covina | ||||||||||||
Property | 2.10 | Extra Space Gaithersburg | ||||||||||||
Property | 2.11 | Extra Space Philadelphia | ||||||||||||
Property | 2.12 | Extra Space Westminster | ||||||||||||
Property | 2.13 | Extra Space Newark | ||||||||||||
Property | 2.14 | Extra Space Essex | ||||||||||||
Property | 2.15 | Extra Space New Bedford | ||||||||||||
Property | 2.16 | Extra Space Birmingham | ||||||||||||
Property | 2.17 | Extra Space Haverhill | ||||||||||||
Property | 2.18 | Extra Space Shrewsbury | ||||||||||||
Property | 2.19 | Extra Space Dallas | ||||||||||||
Property | 2.20 | Extra Space Enfield | ||||||||||||
Property | 2.21 | Extra Space San Diego Miramar | ||||||||||||
Property | 2.22 | Extra Space Shawnee | ||||||||||||
Property | 2.23 | Extra Space Overland Park | ||||||||||||
Property | 2.24 | Extra Space Tucson | ||||||||||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | $0 | $0 | $0 | $249,368 | $0 | $0 | $0 | $42,800,076 | $0 | Rent Concession Reserve; Punchlist Reserve | |
Loan | 5, 9, 16 | 4 | One Dulles Tower | $0 | $0 | $405,537 | $135,179 | $0 | $0 | $0 | $42,441,063 | $0 | Amazon TILC Reserve; Amazon Rent Concession Reserve | |
Loan | 5 | 5 | Airport Business Center | $73,015 | $0 | $52,146 | $52,144 | $31,883 | $17,474 | $0 | $0 | $0 | N/A | |
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | $0 | $0 | $518,257 | $94,555 | $46,636 | $15,546 | $0 | $14,279,206 | $0 | PIP Reserve; Seasonality | |
Property | 6.01 | Hilton Garden Inn Bend | ||||||||||||
Property | 6.02 | Hampton Inn & Suites Bend | ||||||||||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | ||||||||||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | ||||||||||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | ||||||||||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | ||||||||||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | ||||||||||||
Loan | 5, 6 | 7 | North Bay Portfolio | $42,680 | $1,536,495 | $61,195 | $61,195 | $0 | $0 | $28,000 | $2,553,168 | $0 | Known TI/LC Reserve; Free/Gap Rent Reserve | |
Property | 7.01 | Petaluma Business Center | ||||||||||||
Property | 7.02 | South Petaluma Business Center | ||||||||||||
Property | 7.03 | Lakeville Business Center | ||||||||||||
Loan | 8 | Prescott Valley Crossroads | $20,930 | $1,500,000 | $30,512 | $30,512 | $0 | $0 | $0 | $175,181 | $0 | Landlord Obligations Reserve; Free Rent Reserve | ||
Loan | 6 | 9 | WMC Portfolio | $18,750 | $850,000 | $192,988 | $25,868 | $0 | $0 | $0 | $178,744 | $0 | Outstanding TI/LC Reserve; Free Rent Reserve | |
Property | 9.01 | Oak Summit | ||||||||||||
Property | 9.02 | Wytheville Commons | ||||||||||||
Property | 9.03 | Chatham Crossing | ||||||||||||
Loan | 5, 11, 12 | 10 | The Gateway | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 11 | One Lincoln Station | $12,265 | $425,000 | $95,672 | $95,672 | $0 | $0 | $0 | $136,356 | $0 | Rent Concession; Tenant Specific TILC | ||
Loan | 13 | 12 | Shoppes of Benton | $10,859 | $0 | $3,833 | $3,833 | $0 | $0 | $0 | $400,000 | $0 | Earnout Reserve | |
Loan | 14 | 13 | 300 E. 85th Housing Corp. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | Peninsula Ridge | $0 | $0 | $25,851 | $12,925 | $0 | $0 | $0 | $0 | $0 | N/A | ||
Loan | 15 | Warm Springs Promenade | $9,538 | $400,000 | $21,374 | $10,681 | $0 | $0 | $0 | $170,373 | $10,000 | Flip N Tag Free Rent; Big Lots Reserve | ||
Loan | 16 | Holiday Inn BWI Airport | $0 | $0 | $56,265 | $14,066 | $6,778 | $3,389 | $0 | $700,000 | $0 | PIP | ||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | $0 | $0 | $9,231 | $4,616 | $0 | $0 | $0 | $0 | $0 | N/A | |
Property | 17.01 | StorageOne at Lone Mountain | ||||||||||||
Property | 17.02 | StoreMore Self Storage | ||||||||||||
Loan | 18 | Dollar Self Storage | $0 | $0 | $24,243 | $8,081 | $0 | $0 | $0 | $0 | $0 | N/A | ||
Loan | 19 | South Academy Highlands | $0 | $171,735 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | ||
Loan | 20 | Miami Heights MHC | $0 | $0 | $21,486 | $3,581 | $1,795 | $299 | $5,000 | $0 | $0 | N/A | ||
Loan | 21 | Dunes Retail Center | $3,266 | $200,000 | $43,602 | $7,267 | $5,672 | $2,836 | $0 | $820,000 | $0 | Springing Key Tenant Reserve; Rent Concession Reserve | ||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 23 | Park City Self Storage | $0 | $0 | $21,357 | $5,339 | $2,913 | $485 | $0 | $0 | $0 | N/A | |
Loan | 24 | Boca Chica Plaza | $4,547 | $195,760 | $50,184 | $8,364 | $0 | $0 | $83,032 | $0 | $0 | Springing Key Tenants Reserve | ||
Loan | 14 | 25 | Booth Street Owners Corp. | $0 | $0 | $28,500 | $28,500 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 26 | Sparrows Lodge | $0 | $0 | $8,149 | $4,074 | $0 | $1,833 | $0 | $0 | $0 | N/A | |
Loan | 27 | Peter Pan MHC | $0 | $0 | $29,258 | $9,753 | $0 | $0 | $0 | $0 | $0 | N/A | ||
Loan | 28 | 27 Orinda Way | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | Rite Aid Springing Reserve | ||
Loan | 14 | 29 | Wesley House Ltd. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | $0 | $0 | $15,176 | $15,176 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 31 | 35 W. 9 Owners Corp. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 33 | Skylark MHC | $0 | $0 | $14,011 | $4,670 | $0 | $0 | $0 | $0 | $0 | N/A | ||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 15 | 36 | Sunnyvale Medical Plaza | $0 | $100,000 | $15,596 | $3,899 | $2,988 | $996 | $0 | $80,000 | $0 | Debt Service Reserve | |
Loan | 14 | 37 | Burnham House, Inc. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | |
Loan | 41 | Jonesboro Self Storage | $0 | $0 | $11,290 | $1,613 | $3,205 | $320 | $87,500 | $0 | $0 | N/A | ||
Loan | 42 | Rio Seco MHC | $0 | $0 | $2,498 | $833 | $0 | $0 | $0 | $0 | $0 | N/A |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Appraisal Report Date |
Environmental Phase I Report Date |
Environmental Phase II Report Date |
Engineering Report Date |
Seismic Report Date |
Seismic Zone (Y/N) | PML % | Cut-off Date Pari Passu Mortgage Debt Balance |
Coop - Committed Secondary Debt | Cut-off Date Subord. Mortgage Debt Balance |
Total Mortgage Debt Cut-off Date LTV Ratio | |
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 2/6/2018 | 2/22/2018 | N/A | 12/21/2017 | N/A | No | N/A | $133,186,563 | $99,889,922 | 54.2% | ||
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | $163,000,000 | 58.1% | ||||||||||
Property | 2.01 | Extra Space Washington | 12/13/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.02 | Extra Space San Jose | 1/4/2018 | 11/10/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 12.0% | ||||||
Property | 2.03 | Extra Space San Diego | 1/4/2018 | 11/10/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 10.0% | ||||||
Property | 2.04 | Extra Space Panorama City | 12/5/2017 | 11/10/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 23.0% | ||||||
Property | 2.05 | Extra Space Norwalk | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 16.0% | ||||||
Property | 2.06 | Extra Space Miami East | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.07 | Extra Space Miami West | 12/22/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.08 | Extra Space Palo Alto | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 16.0% | ||||||
Property | 2.09 | Extra Space Covina | 12/5/2017 | 11/10/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 16.0% | ||||||
Property | 2.10 | Extra Space Gaithersburg | 12/5/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.11 | Extra Space Philadelphia | 12/4/2017 | 12/21/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.12 | Extra Space Westminster | 1/4/2018 | 11/10/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 12.0% | ||||||
Property | 2.13 | Extra Space Newark | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.14 | Extra Space Essex | 1/3/2018 | 11/21/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.15 | Extra Space New Bedford | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.16 | Extra Space Birmingham | 1/4/2018 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.17 | Extra Space Haverhill | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.18 | Extra Space Shrewsbury | 12/7/2017 | 1/2/2018 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.19 | Extra Space Dallas | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.20 | Extra Space Enfield | 12/1/2017 | 11/7/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.21 | Extra Space San Diego Miramar | 1/4/2018 | 11/7/2017 | N/A | 12/1/2017 | 12/1/2017 | Yes - 4 | 10.0% | ||||||
Property | 2.22 | Extra Space Shawnee | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.23 | Extra Space Overland Park | 12/4/2017 | 11/10/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Property | 2.24 | Extra Space Tucson | 1/4/2018 | 11/7/2017 | N/A | 12/1/2017 | N/A | No | N/A | ||||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | 12/4/2017 | 11/20/2017 | N/A | 11/20/2017 | 11/20/2017 | Yes - 4 | 10.0% | $277,000,000 | 44.0% | |||
Loan | 5, 9, 16 | 4 | One Dulles Tower | 2/28/2018 | 12/7/2017 | N/A | 12/7/2017 | N/A | No | N/A | $89,000,000 | 71.5% | |||
Loan | 5 | 5 | Airport Business Center | 1/11/2018 | 1/18/2018 | N/A | 12/22/2017 | 12/22/2017 | Yes - 4 | 8.0% | $97,000,000 | 61.3% | |||
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | $72,893,322 | 65.3% | ||||||||||
Property | 6.01 | Hilton Garden Inn Bend | 2/20/2018 | 2/20/2018 | N/A | 2/20/2018 | N/A | No | N/A | ||||||
Property | 6.02 | Hampton Inn & Suites Bend | 2/22/2018 | 2/20/2018 | N/A | 2/20/2018 | N/A | No | N/A | ||||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | 2/26/2018 | 2/7/2018 | N/A | 2/7/2018 | 2/7/2018 | Yes - 3 | 8.0% | ||||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | 2/22/2018 | 2/7/2018 | N/A | 2/7/2018 | N/A | No | N/A | ||||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | 2/21/2018 | 2/7/2018 | N/A | 2/7/2018 | N/A | No | N/A | ||||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | 2/15/2018 | 2/7/2018 | N/A | 2/7/2018 | N/A | No | N/A | ||||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | 2/21/2018 | 2/7/2018 | N/A | 2/7/2018 | N/A | No | N/A | ||||||
Loan | 5, 6 | 7 | North Bay Portfolio | $19,000,000 | 62.4% | ||||||||||
Property | 7.01 | Petaluma Business Center | 2/23/2018 | 2/5/2018 | N/A | 2/5/2018 | 2/5/2018 | Yes-3 | 15.0% | ||||||
Property | 7.02 | South Petaluma Business Center | 2/27/2018 | 2/5/2018 | N/A | 2/5/2018 | 2/5/2018 | Yes-3 | 6.0% | ||||||
Property | 7.03 | Lakeville Business Center | 3/1/2018 | 2/5/2018 | N/A | 2/5/2018 | 2/5/2018 | Yes-3 | 17.0% | ||||||
Loan | 8 | Prescott Valley Crossroads | 3/5/2018 | 2/8/2018 | N/A | 2/9/2018 | N/A | No | N/A | ||||||
Loan | 6 | 9 | WMC Portfolio | ||||||||||||
Property | 9.01 | Oak Summit | 2/26/2018 | 2/12/2018 | N/A | 2/8/2018 | N/A | No | N/A | ||||||
Property | 9.02 | Wytheville Commons | 2/23/2018 | 2/12/2018 | N/A | 2/8/2018 | N/A | No | N/A | ||||||
Property | 9.03 | Chatham Crossing | 2/26/2018 | 2/12/2018 | N/A | 2/9/2018 | N/A | No | N/A | ||||||
Loan | 5, 11, 12 | 10 | The Gateway | 2/26/2018 | 2/14/2018 | N/A | 2/14/2018 | 3/21/2018 | Yes-4 | 11.0% | $302,500,000 | $220,000,000 | 63.3% | ||
Loan | 11 | One Lincoln Station | 2/8/2018 | 1/9/2018 | N/A | 1/9/2018 | N/A | No | N/A | ||||||
Loan | 13 | 12 | Shoppes of Benton | 3/9/2018 | 1/17/2018 | N/A | 1/4/2018 | N/A | No | N/A | |||||
Loan | 14 | 13 | 300 E. 85th Housing Corp. | 1/30/2018 | 1/18/2018 | N/A | 1/19/2018 | N/A | No | N/A | $500,000 | 6.7% | |||
Loan | 14 | Peninsula Ridge | 2/20/2018 | 1/9/2018 | N/A | 1/9/2018 | N/A | No | N/A | ||||||
Loan | 15 | Warm Springs Promenade | 2/6/2018 | 1/3/2018 | N/A | 1/4/2018 | N/A | No | N/A | ||||||
Loan | 16 | Holiday Inn BWI Airport | 1/30/2018 | 1/8/2018 | N/A | 1/8/2018 | N/A | No | N/A | ||||||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | ||||||||||||
Property | 17.01 | StorageOne at Lone Mountain | 1/31/2018 | 11/30/2017 | N/A | 11/30/2017 | N/A | No | N/A | ||||||
Property | 17.02 | StoreMore Self Storage | 1/23/2018 | 1/16/2018 | N/A | 1/16/2018 | N/A | No | N/A | ||||||
Loan | 18 | Dollar Self Storage | 2/22/2018 | 2/8/2018 | N/A | 2/8/2018 | 2/8/2018 | Yes - 4 | 11.0% | ||||||
Loan | 19 | South Academy Highlands | 2/27/2018 | 2/6/2018 | N/A | 2/6/2018 | N/A | No | N/A | ||||||
Loan | 20 | Miami Heights MHC | 1/26/2018 | 10/20/2017 | N/A | 10/19/2017 | N/A | No | N/A | ||||||
Loan | 21 | Dunes Retail Center | 12/20/2017 | 10/31/2017 | N/A | 10/31/2017 | 10/31/2017 | Yes - 4 | 10.0% | ||||||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | 12/19/2017 | 12/8/2017 | N/A | 12/4/2017 | N/A | No | N/A | $500,000 | 21.9% | |||
Loan | 14 | 23 | Park City Self Storage | 2/9/2018 | 1/17/2018 | N/A | 1/17/2018 | 1/17/2018 | Yes - 3 | 6.0% | |||||
Loan | 24 | Boca Chica Plaza | 1/31/2018 | 1/24/2018 | N/A | 1/24/2018 | N/A | No | N/A | ||||||
Loan | 14 | 25 | Booth Street Owners Corp. | 2/22/2018 | 2/20/2018 | N/A | 2/21/2018 | N/A | No | N/A | $500,000 | 10.8% | |||
Loan | 14 | 26 | Sparrows Lodge | 3/5/2018 | 2/16/2018 | N/A | 2/16/2018 | 2/16/2018 | Yes-4 | 6.0% | |||||
Loan | 27 | Peter Pan MHC | 3/2/2018 | 2/9/2018 | N/A | 2/9/2018 | 2/9/2018 | Yes- 4 | 5.0% | ||||||
Loan | 28 | 27 Orinda Way | 1/16/2018 | 1/31/2018 | N/A | 1/11/2018 | 1/11/2018 | Yes - 4 | 19.0% | ||||||
Loan | 14 | 29 | Wesley House Ltd. | 2/16/2018 | 2/13/2018 | N/A | 2/14/2018 | N/A | No | N/A | $500,000 | 25.2% | |||
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | 2/13/2018 | 2/1/2018 | N/A | 2/2/2018 | N/A | No | N/A | $500,000 | 22.0% | |||
Loan | 14 | 31 | 35 W. 9 Owners Corp. | 1/5/2018 | 1/2/2018 | N/A | 1/2/2018 | N/A | No | N/A | $500,000 | 5.5% | |||
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | 2/9/2018 | 2/9/2018 | N/A | 2/9/2018 | N/A | No | N/A | $250,000 | 5.0% | |||
Loan | 33 | Skylark MHC | 3/2/2018 | 2/12/2018 | N/A | 2/9/2018 | 2/9/2018 | Yes- 4 | 17.0% | ||||||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | 1/2/2018 | 12/12/2017 | N/A | 12/12/2017 | N/A | No | N/A | $250,000 | 27.2% | |||
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | 1/22/2018 | 1/2/2018 | N/A | 1/3/2018 | N/A | No | N/A | $250,000 | 9.9% | |||
Loan | 15 | 36 | Sunnyvale Medical Plaza | 1/23/2018 | 12/14/2017 | N/A | 12/14/2017 | N/A | No | N/A | |||||
Loan | 14 | 37 | Burnham House, Inc. | 2/8/2018 | 2/7/2018 | N/A | 2/8/2018 | N/A | No | N/A | $1,000,000 | 5.4% | |||
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | 1/24/2018 | 1/11/2018 | N/A | 1/11/2018 | N/A | No | N/A | $250,000 | 10.5% | |||
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | 2/20/2018 | 1/2/2018 | N/A | 1/2/2018 | N/A | No | N/A | $1,500,000 | 1.7% | |||
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | 1/24/2018 | 1/16/2018 | N/A | 1/16/2018 | N/A | No | N/A | $500,000 | 16.3% | |||
Loan | 41 | Jonesboro Self Storage | 2/9/2018 | 1/30/2018 | N/A | 1/29/2018 | N/A | No | N/A | ||||||
Loan | 42 | Rio Seco MHC | 2/26/2018 | 2/9/2018 | N/A | 2/9/2018 | 3/8/2018 | Yes- 4 | 5.0% |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Total Mortgage Debt UW NCF DSCR |
Total Mortgage Debt UW NOI Debt Yield |
Cut-off Date Mezzanine Debt Balance |
Total Debt Cut-off Date LTV Ratio |
Total Debt UW NCF DSCR |
Total Debt UW NOI Debt Yield |
Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/ Investor Carry | ||
Loan | 5, 8, 9 | 1 | Twelve Oaks Mall | 1.58x | 10.2% | |||||||||||||
Loan | 5, 6, 7, 9 | 2 | Extra Space - TIAA Self Storage Portfolio | 1.97x | 9.2% | |||||||||||||
Property | 2.01 | Extra Space Washington | ||||||||||||||||
Property | 2.02 | Extra Space San Jose | ||||||||||||||||
Property | 2.03 | Extra Space San Diego | ||||||||||||||||
Property | 2.04 | Extra Space Panorama City | ||||||||||||||||
Property | 2.05 | Extra Space Norwalk | ||||||||||||||||
Property | 2.06 | Extra Space Miami East | ||||||||||||||||
Property | 2.07 | Extra Space Miami West | ||||||||||||||||
Property | 2.08 | Extra Space Palo Alto | ||||||||||||||||
Property | 2.09 | Extra Space Covina | ||||||||||||||||
Property | 2.10 | Extra Space Gaithersburg | ||||||||||||||||
Property | 2.11 | Extra Space Philadelphia | ||||||||||||||||
Property | 2.12 | Extra Space Westminster | ||||||||||||||||
Property | 2.13 | Extra Space Newark | ||||||||||||||||
Property | 2.14 | Extra Space Essex | ||||||||||||||||
Property | 2.15 | Extra Space New Bedford | ||||||||||||||||
Property | 2.16 | Extra Space Birmingham | ||||||||||||||||
Property | 2.17 | Extra Space Haverhill | ||||||||||||||||
Property | 2.18 | Extra Space Shrewsbury | ||||||||||||||||
Property | 2.19 | Extra Space Dallas | ||||||||||||||||
Property | 2.20 | Extra Space Enfield | ||||||||||||||||
Property | 2.21 | Extra Space San Diego Miramar | ||||||||||||||||
Property | 2.22 | Extra Space Shawnee | ||||||||||||||||
Property | 2.23 | Extra Space Overland Park | ||||||||||||||||
Property | 2.24 | Extra Space Tucson | ||||||||||||||||
Loan | 5, 9, 16 | 3 | Apple Campus 3 | 3.55x | 12.2% | $235,000,000 | 74.3% | 1.70x | 7.2% | |||||||||
Loan | 5, 9, 16 | 4 | One Dulles Tower | 2.17x | 8.8% | |||||||||||||
Loan | 5 | 5 | Airport Business Center | 2.12x | 9.8% | $20,000,000 | 69.5% | 1.74x | 8.6% | |||||||||
Loan | 5, 6, 7, 9, 10 | 6 | Northwest Hotel Portfolio | 1.78x | 13.7% | |||||||||||||
Property | 6.01 | Hilton Garden Inn Bend | ||||||||||||||||
Property | 6.02 | Hampton Inn & Suites Bend | ||||||||||||||||
Property | 6.03 | Hilton Garden Inn Salt Lake City Downtown | ||||||||||||||||
Property | 6.04 | Hampton Inn & Suites Coeur d’Alene | ||||||||||||||||
Property | 6.05 | Hampton Inn & Suites Boise Spectrum | ||||||||||||||||
Property | 6.06 | La Quinta Inns & Suites Coeur d’Alene | ||||||||||||||||
Property | 6.07 | La Quinta Inns & Suites Twin Falls | ||||||||||||||||
Loan | 5, 6 | 7 | North Bay Portfolio | 1.66x | 11.2% | |||||||||||||
Property | 7.01 | Petaluma Business Center | ||||||||||||||||
Property | 7.02 | South Petaluma Business Center | ||||||||||||||||
Property | 7.03 | Lakeville Business Center | ||||||||||||||||
Loan | 8 | Prescott Valley Crossroads | ||||||||||||||||
Loan | 6 | 9 | WMC Portfolio | |||||||||||||||
Property | 9.01 | Oak Summit | ||||||||||||||||
Property | 9.02 | Wytheville Commons | ||||||||||||||||
Property | 9.03 | Chatham Crossing | ||||||||||||||||
Loan | 5, 11, 12 | 10 | The Gateway | 1.62x | 6.8% | |||||||||||||
Loan | 11 | One Lincoln Station | ||||||||||||||||
Loan | 13 | 12 | Shoppes of Benton | |||||||||||||||
Loan | 14 | 13 | 300 E. 85th Housing Corp. | 5.72x | 29.9% | $133,000,000 | 11.5% | N/A | ||||||||||
Loan | 14 | Peninsula Ridge | ||||||||||||||||
Loan | 15 | Warm Springs Promenade | ||||||||||||||||
Loan | 16 | Holiday Inn BWI Airport | ||||||||||||||||
Loan | 6 | 17 | Crescendo Las Vegas Self Storage Portfolio | |||||||||||||||
Property | 17.01 | StorageOne at Lone Mountain | ||||||||||||||||
Property | 17.02 | StoreMore Self Storage | ||||||||||||||||
Loan | 18 | Dollar Self Storage | ||||||||||||||||
Loan | 19 | South Academy Highlands | ||||||||||||||||
Loan | 20 | Miami Heights MHC | ||||||||||||||||
Loan | 21 | Dunes Retail Center | ||||||||||||||||
Loan | 14 | 22 | Bay Terrace Cooperative Section VIII, Inc. | 4.56x | 24.4% | $31,400,000 | 19.4% | N/A | ||||||||||
Loan | 14 | 23 | Park City Self Storage | |||||||||||||||
Loan | 24 | Boca Chica Plaza | ||||||||||||||||
Loan | 14 | 25 | Booth Street Owners Corp. | 5.21x | 27.0% | $33,500,000 | 16.4% | 7.1% | 9 | -$2,847 | ||||||||
Loan | 14 | 26 | Sparrows Lodge | |||||||||||||||
Loan | 27 | Peter Pan MHC | ||||||||||||||||
Loan | 28 | 27 Orinda Way | ||||||||||||||||
Loan | 14 | 29 | Wesley House Ltd. | 4.61x | 20.4% | $15,000,000 | 26.7% | 3.9% | 2 | 1 | -$1,836 | |||||||
Loan | 14 | 30 | 3600 Fieldston Road Apartment Corporation | 5.24x | 23.5% | $17,100,000 | 17.8% | 33.8% | 5 | 19 | 6 units: NAV, 18 units: $193,844.76 | |||||||
Loan | 14 | 31 | 35 W. 9 Owners Corp. | 9.92x | 55.8% | $36,500,000 | 8.2% | 5.6% | 2 | -$28,923 | ||||||||
Loan | 14 | 32 | 83-10 35th Avenue Owner’s Corp. | 9.14x | 53.4% | $32,800,000 | 8.4% | 10.7% | 14 | N/A | ||||||||
Loan | 33 | Skylark MHC | ||||||||||||||||
Loan | 14 | 34 | Kent Bentley Apartments, Inc. | 4.75x | 27.0% | $13,700,000 | 18.2% | 4.5% | 2 | 1 | $7,430 | |||||||
Loan | 14 | 35 | Thornycroft Tenants’ Corp. | 17.60x | 71.8% | $27,200,000 | 8.3% | 2.2% | 2 | N/A | ||||||||
Loan | 15 | 36 | Sunnyvale Medical Plaza | |||||||||||||||
Loan | 14 | 37 | Burnham House, Inc. | 13.23x | 72.4% | $48,000,000 | 4.2% | N/A | ||||||||||
Loan | 14 | 38 | 5601 Riverdale Owners Corp. | 10.02x | 58.2% | $23,100,000 | 8.6% | 8.0% | 9 | -$10,349 | ||||||||
Loan | 14 | 39 | Lenox Manor Owners, Inc.; Compark Owners Corp. | 34.35x | 183.2% | $147,000,000 | 1.4% | 9.7% | 10 | 4 | $236,578 | |||||||
Loan | 14 | 40 | 44-46 West 65th Apartment Corp. | 2.96x | 18.0% | $8,700,000 | 18.6% | 48.1% | 13 | $53,901 | ||||||||
Loan | 41 | Jonesboro Self Storage | ||||||||||||||||
Loan | 42 | Rio Seco MHC |
BANK 2018-BNK11 |
Footnotes to Annex A-1 |
(1) | MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, National Association; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association; NCB—National Cooperative Bank, N. A.; NCCB—National Consumer Cooperative Bank. |
(2) | Certain tenants may not be in occupancy or may be in free rent periods. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans which are not in occupancy or are in free rent periods. |
(3) | The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan. |
(4) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans. |
(5) | Each of the Twelve Oaks Mall Mortgage Loan (Mortgage Loan No. 1), the Extra Space - TIAA Self Storage Portfolio Mortgage Loan (Mortgage Loan No. 2), the Apple Campus 3 Mortgage Loan (Mortgage Loan No. 3), the One Dulles Tower Mortgage Loan (Mortgage Loan No. 4), the Airport Business Center Mortgage Loan (Mortgage Loan No. 5), the Northwest Hotel Portfolio Mortgage Loan (Mortgage Loan No. 6), the North Bay Portfolio Mortgage Loan (Mortgage Loan No. 7) and The Gateway Mortgage Loan (Mortgage Loan No. 10) is part of a whole loan related to the Issuing Entity. For further information, see “Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “—The Twelve Oaks Mall Pari Passu-A/B Whole Loan”, and “—The Gateway Pari Passu-A/B Whole Loan”, and “Pooling and Servicing Agreement, and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”, as applicable, in this prospectus. |
(6) | With respect to Mortgage Loan No. 2, Extra Space - TIAA Self Storage Portfolio, Mortgage Loan No. 6, Northwest Hotel Portfolio, Mortgage Loan No. 7, North Bay Portfolio, Mortgage Loan No. 9, WMC Portfolio, and Mortgage Loan No. 17, Crescendo Las Vegas Self Storage Portfolio, each such mortgage loan is secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms/Pads calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or UW NCF, among other methods. |
(7) | With respect to Mortgage Loan No. 2, Extra Space - TIAA Self Storage Portfolio, and Mortgage Loan No. 6, Northwest Hotel Portfolio, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Releases; Partial Releases” in this prospectus. |
(8) | With respect to Mortgage Loan No. 1, Twelve Oaks Mall, the related loan documents permit one or more outparcel or other releases without prepayment or defeasance. In addition, the related loan documents permit the additional of certain anchor pads to the collateral, and the subsequent release of such anchor pads. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in this prospectus. |
(9) | With respect to Mortgage Loan No. 1, Twelve Oaks Mall, the Appraised Value includes certain unimproved areas (currently comprised of parking areas adjacent to non-collateral anchor tenant pads and an undeveloped approximately 24.8 acre outlot) that are subject to a conditional free release. The total land area of the Mortgaged Property is 108.3 acres. The Appraised Value of the Mortgaged Property is $552.9 million, using the income approach of valuation. The appraisal separately assigned a value of $20.5 million to the total land area of the Mortgaged Property using the comparable sales approach of valuation. |
With respect to Mortgage Loan No. 2, Extra Space - TIAA Self Storage Portfolio, the “As-Is Portfolio” Appraised Value of $394,160,000 reflects a $36,170,000 premium attributed to the aggregate “As-is” value of the related mortgaged properties as a whole. The sum of the “As-is” values for each of the related mortgaged properties on an individual basis is $357,990,000, which represents a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 64.0%. See the definition of “Appraised Value” under “Description of the Mortgage Pool—Certain Calculations and Definitions-Definitions” in this prospectus. | |
With respect to Mortgage Loan No. 3 , Apple Campus 3, the Appraised Value is the “As Stabilized” appraised value of $773,600,000, which assumes all outstanding free rent and leasing commissions have been paid and tenant improvements have been completed. All outstanding free rent, tenant improvements and leasing commissions have been reserved. The “As-is” appraised value assuming the outstanding free rent and leasing commissions have not been paid and tenant improvements have not been completed is $624,600,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the $624,600,000 “As-is” appraised value each is 54.4%. | |
With respect to Mortgage Loan No. 4, One Dulles Tower, the Appraised Value is the “As Stabilized” value of $212,500,000, which assumes all outstanding free rent has been paid, tenant improvements have been completed and leasing commissions have been paid. All outstanding free rent, tenant improvements and leasing commissions have been reserved. The “As-is” appraised value assuming the outstanding free rent and leasing commissions have not been paid and tenant improvements have not been completed is $189,800,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the $189,800,000 “As-is” appraised value each is 80.1%. | |
With respect to Mortgage Loan No. 6, Northwest Hotel Portfolio, the Appraised Value is the “As Completed” appraised value, which assumes property improvement plans (“PIPs”) at the Hilton Garden Inn Bend, Hilton Garden Inn Salt Lake City Downtown, Hampton Inn & Suites Coeur d’Alene, Hampton Inn & Suites Boise Spectrum and La Quinta Inns & Suites Twin Falls mortgaged properties have been completed. All outstanding PIPs have been reserved. The “As-Is” appraised value for the mortgage loan assuming the aforementioned PIPs have not been completed is $155,700,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the $155,700,000 “As-is” appraised value are 72.7% and 54.6%, respectively. | |
(10) | With respect to Mortgage Loan No. 6, Northwest Hotel Portfolio, the Hampton Inn & Suites Boise Spectrum mortgaged property is non-conforming by four rooms. Only 129 rooms were approved by the City of Boise and income from the four extra rooms was included in the underwriting. Excluding the four rooms, while still underwriting to 79.4% occupancy, changes the UW NOI DSCR, UW NCF DSCR, Cut-off Date UW NOI Debt Yield and Cut-off Date UW NCF Debt Yield of the mortgage loan to 1.95x, 1.77x, 13.7% and 12.4%, respectively. |
(11) | With respect to Mortgage Loan No. 10, The Gateway, Cut-off Date Balance per SF/Units/Rooms/Pads, Size, Units of Measure and Occupancy Rate, are based on 1,254 multifamily units at the property. The Gateway Property also includes 61,989 SF of ground floor commercial space and 58 townhouse units in 19 low-rise buildings which are not included in unit count or occupancy figures. |
(12) | With respect to Mortgage Loan No. 10, The Gateway, the loan documents require a soft lockbox for rents received from residential tenants and a hard lockbox for rents received from non-residential tenants. |
(13) | With respect to Mortgage Loan No. 12, Shoppes of Benton, an earnout was reserved upfront in the amount of $400,000. The lender is required to disburse to the borrower an amount from the earnout reserve upon the borrower’s request (which can be made no more than two times), provided that certain conditions are satisfied, including, but not limited to, the following:(i) no event of default is continuing; (ii) 3,200 SF of space (or such portion thereof as shall cause the following clauses (iii) to (v) to be true) having been leased to one or more tenants pursuant to one or more leases that meet the requirements of the loan documents; (iii) the loan to value ratio is not greater than 75.0%; (iv) the debt service coverage ratio is at least 1.25x; (v) the debt yield is at least 7.90%; and (vi) the borrower shall have delivered to the lender an officer’s certificate confirming all of the above conditions have been satisfied. In the event these conditions are not satisfied prior to the 24 month anniversary of the note date, the lender may apply the remaining funds in the earnout reserve on the next payment date to prepay the mortgage loan and the borrower will be required to pay a prepayment fee equal to the greater of (i) 1.00% of the amount prepaid and (ii) a yield maintenance premium. In the event that the lender does not elect to use the earnout to prepay the Shoppes of Benton Mortgage Loan on such payment date, the Shoppes of Benton Borrower will continue to have the right to receive release of the earnout upon fulfillment of the conditions above. |
(14) | With respect to Mortgage Loan No. 13, 300 E. 85th Housing Corp., Mortgage Loan No. 22, Bay Terrace Cooperative Section VIII, Inc., Mortgage Loan No. 23, Park City Self Storage, Mortgage Loan No. 25, Booth Street Owners Corp., Mortgage Loan No. 26, Sparrows Lodge, Mortgage Loan No. 29, Wesley House Ltd., Mortgage Loan No. 30, 3600 Fieldston Road Apartment Corporation, Mortgage Loan No. 31, 35 W. 9 Owners Corp., Mortgage Loan No. 32, 83-10 35th Avenue Owner’s Corp., Mortgage Loan No. 34, Kent Bentley Apartments, Inc., Mortgage Loan No. 35, Thornycroft Tenants’ Corp., Mortgage Loan No. 37, Burnham House, Inc., Mortgage Loan No. 38, 5601 Riverdale Owners Corp., Mortgage Loan No. 39, Lenox Manor Owners, Inc.; Compark Owners Corp. and Mortgage Loan No. 40, 44-46 West 65th Apartment Corp., the related mortgage loan documents permit future subordinate secured financing or mezzanine financing generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” and “—Other Secured Indebtedness” in this prospectus. |
(15) | With respect to Mortgage Loan No. 36, Sunnyvale Medical Plaza, the funds in the TI/LC reserve are required to be released (to the extent such funds exceed $60,000) upon (i) the lease with Deca Dental Management, LLC (as assignee from Sunnyvale Smiles, PLLC) has been renewed in accordance with its terms for at least an additional three years ending no earlier than September 30, 2021 at a rental rate no less than the rental rate specified in the “Lease Adjustment” set forth in such lease or the subject space is leased to a new replacement tenant on terms and conditions approved by the lender, in its sole discretion and the borrower has provided the lender with a tenant estoppel certificate from such replacement tenant evidencing that such new replacement tenant is in occupancy, open for business and paying full, unabated rent, and (ii) the lease with American Heritage Dental, PA has been renewed for at least an additional three years ending no earlier than February 1, 2022, at a rental rate no less than the rental rate specified in the “Lease Adjustment” set forth in such lease or the subject space is leased to a new replacement tenant on terms and conditions approved by the lender, in its sole discretion and the borrower has provided the lender with a tenant estoppel certificate from such replacement tenant evidencing that such new replacement tenant is in occupancy, open for business and paying full, unabated rent. |
(16) | With respect to Mortgage Loan No. 3, Apple Campus 3, in the event that such mortgage loan is not repaid in full on or before the ARD, the borrower is required to make interest payments based on an interest rate equal to the greater of (i) 3.364978% plus 1.500% per annum, and (ii) the 10-year swap rate plus 1.500% per annum. |
With respect to Mortgage Loan No. 4, One Dulles Tower, in the event that such mortgage loan is not repaid in full on or before the ARD, the borrower is required to make interest payments based on an interest rate equal to 3.50% plus the greater of (a) 3.9860% and (b) the sum of (i) the 10-year treasury rate, (ii) the mid market 10-year swap spread and (iii) 1.64%. | |
A. | “Yield Maintenance”shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid,and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the last day of the calendar month immediately preceding the Open Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein,“Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H. 15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the last day of the calendar month immediately preceding the Open Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
B. | “Yield Maintenance “ shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15- Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and Wnding absent manifest error. |
C. |
“Yield Maintenance Amount” shall mean the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Open Prepayment Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date.
“Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) one percent (1%) of the unpaid principal balance of the Note as of the Repayment Date.
“Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the lesser of (i) the Treasury Rate and (ii) the Swap Rate, each when compounded semi annually.
“Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Prepayment Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)
“Swap Rate” shall mean the yield calculated by the linear interpolation of mid-market swap yields, as reported on Reuters Capital Markets screen 19901 (SEMI-BOND column), with maturities (one longer and one shorter) most nearly approximating the Stated Maturity Date (in the event Reuters Capital Markets screen 19901 is no longer available, Lender shall select a comparable publication to determine such yield). |
D. |
The Yield Maintenance Premium shall be equal to the greater of: (A) One percent (1%) of the amount of principal being prepaid; or (B) The product obtained by multiplying: (1) the amount of principal being prepaid, by (2) the difference obtained by subtracting from the Interest Rate on this Note the Yield Rate (as defined below), on the twenty-fifth Business Day preceding (x) the Noticed Prepayment Date, or (y) the date Payee accelerates the indebtedness evidenced by this Note or, except with respect to a Casualty Prepayment (as to which no Prepayment Premium shall be payable), otherwise accepts a prepayment by reason of Payee’s application of any collateral or other security to the repayment of any portion of the unpaid principal balance of this Note prior to the Maturity Date and in the absence of acceleration, by (3) the present value factor calculated using the following formula:
(1 - (1 + r)^(-n/12)) / r
r = Yield Rate n = the number of months remaining between (1) either of the following: (x) in the case of a voluntary prepayment, the last day of the month during which the prepayment is made, or (y) in any other case, the date on which Payee accelerates the unpaid principal balance of this Note and (2) the Yield Maintenance Period End Date.
As used herein, the “Yield Rate” means the yield calculated by interpolating the yields for the immediately shorter and longer term U.S. “Treasury constant maturities” (as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates (the “Fed Release”) under the heading “U.S. government securities”) closest to the remaining term of the Yield Maintenance Period Term, as follows (rounded to three decimal places):
(((a-b) / (x-y)) x (z-y)) + b
a = the yield for the longer U.S. Treasury constant maturity b = the yield for the shorter U.S. Treasury constant maturity x = the term of the longer U.S. Treasury constant maturity y = the term of the shorter U.S. Treasury constant maturity z = “n” (as defined in the present value factor calculation above) divided by 12.
Notwithstanding any provision to the contrary, if “z” equals a term reported under the U.S. “Treasury constant maturities” subheading in the Fed Release, the yield for such term shall be used, and interpolation shall not be necessary. If publication of the Fed Release is discontinued by the Federal Reserve Board, Payee shall determine the Yield Rate from another source selected by Payee. Any determination of the Yield Rate by Payee will be binding absent manifest error
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E. | “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15- Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment |
Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. | |
F. | “Yield Maintenance Premium” shall mean an amount equal to the greater of: (i) one percent (1%) of the principal amount of the Loan being prepaid or (ii) the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate. As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
G. | “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Open Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15- Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Open Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
H. |
“Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the Maturity Date determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of this Note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.
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