FWP 1 n2249_x3-a1.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
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    REGISTRATION FILE NO.: 333-227446-11
     

 

     
 

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This material was prepared by sales, trading, banking or other non-research personnel of one of the following: Morgan Stanley & Co. LLC, Morgan Stanley & Co. International Limited, Morgan Stanley Japan Limited and/or Morgan Stanley Dean Witter Asia Limited (together with their affiliates, hereinafter “Morgan Stanley”), Barclays Capital Inc. (together with its affiliates, “Barclays”) and Mischler Financial Group, Inc. (together with its affiliates, “Mischler” and, collectively with Morgan Stanley and Barclays, the “Underwriters”). This material was not produced by an Underwriter’s research analyst, although it may refer to an Underwriter’s research analyst or research report. Unless otherwise indicated, these views (if any) are the author’s and may differ from those of the fixed income or equity research departments of the Underwriters or others in those firms.

 

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The asset-backed securities referred to in these materials are being offered when, as and if issued. In particular, you are advised that asset-backed securities, and the asset pools backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. As a result, you may commit to purchase securities that have characteristics that may change, and you are advised that all or a portion of the securities may not be issued that have the characteristics described in these materials. Our obligation to sell securities to you is conditioned on the securities and the underlying transaction having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the issuing entity nor any Underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery.

 

The information contained in this material is preliminary as of the date hereof. This material is subject to change, completion or amendment from time to time. The information contained herein supersedes information in any other communication relating to the securities referred to in this material; provided, that the information in this material will be superseded by similar information delivered to you as part of a preliminary prospectus.  This material is not a solicitation to participate in any trading strategy, and is not an offer to sell any security or instrument or a solicitation of an offer to buy or sell any security or instrument in any jurisdiction where an offer, solicitation or sale is not permitted.

 

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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/Beds
Loan Purpose Sponsor
Loan 5,7,8,9,10,11 1 The Liz 8.7%    AREF AREF $60,000,000 $60,000,000 $60,000,000 $663.34 Refinance Ron Kaplan; Andrew Altman
Loan   2 Bayview Corporate Tower 8.5%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $58,450,000 $58,450,000 $50,032,640 $141.25 Acquisition Ten Capital Management LLC; Somerset Properties Inc.; Greggory L. Belzerg
Loan 6,7,12 3 FTERE Bronx Portfolio 5 7.8%    MSBNA MSMCH $53,900,000 $53,900,000 $53,900,000 $141,099.48 Refinance Finkelstein Timberger East Real Estate
Property   3.01 3031 & 3041 Holland Avenue 1.8%    MSBNA MSMCH $12,381,000 $12,381,000 $12,381,000      
Property   3.02 610 Trinity Avenue 1.7%    MSBNA MSMCH $11,978,000 $11,978,000 $11,978,000      
Property   3.03 2770-2780 Kingsbridge Terrace 1.5%    MSBNA MSMCH $10,363,000 $10,363,000 $10,363,000      
Property   3.04 1787-1791 Walton Avenue 1.4%    MSBNA MSMCH $9,623,000 $9,623,000 $9,623,000      
Property   3.05 75 West 190th Street 1.4%    MSBNA MSMCH $9,555,000 $9,555,000 $9,555,000      
Loan 6,12 4 Texas Multifamily Portfolio 7.7%    SMC SMC $53,300,000 $53,004,911 $42,507,844 $51,262.00 Refinance Gary W. Gates, Jr.
Property   4.01 The Presidio Apartments 2.7%    SMC SMC $18,968,922 $18,863,903 $15,128,105      
Property   4.02 Ravenwood Apartments 2.2%    SMC SMC $15,428,947 $15,343,527 $12,304,902      
Property   4.03 Laguna Azul Apartments 1.4%    SMC SMC $10,018,797 $9,963,329 $7,990,196      
Property   4.04 Pebble Walk Apartments 1.3%    SMC SMC $8,883,333 $8,834,152 $7,084,641      
Loan 5,8,13,14 5 525 Market Street 5.8%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $40,000,000 $40,000,000 $40,000,000 $454.47 Recapitalization New York State Teachers' Retirement System; RREEF America REIT II, Inc.
Loan 5,8,15,16 6 Bellagio Hotel and Casino 5.6%    MSBNA MSMCH $39,000,000 $39,000,000 $39,000,000 $426,188.66 Acquisition BREIT Operating Partnership L.P.
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue 4.7%    SMC SMC $32,500,000 $32,500,000 $32,500,000 $306,603.77 Refinance Ben Hadar
Property   7.01 3210 Riverdale Avenue 2.7%    SMC SMC $18,500,000 $18,500,000 $18,500,000      
Property   7.02 1616 Amsterdam Avenue 2.0%    SMC SMC $14,000,000 $14,000,000 $14,000,000      
Loan 8,9 8 UHG Optum Health Campus 3.8%    AREF AREF $26,600,000 $26,600,000 $26,600,000 $56.20 Acquisition Virtus Real Estate Enhanced Core, LP
Loan   9 235 Canal Street 3.5%    MSBNA MSMCH $24,000,000 $24,000,000 $24,000,000 $621.04 Refinance Alexander Chu; Irene Chu
Loan 5,6,7 10 Bushwick Multifamily Portfolio 3.2%    AREF AREF $22,075,000 $22,075,000 $22,075,000 $445,085.47 Refinance Jacob Kohn; Abraham Kohn
Property   10.01 276 Nostrand Avenue 1.2%    AREF AREF $8,469,678 $8,469,678 $8,469,678      
Property   10.02 70 Bushwick Avenue 0.6%    AREF AREF $3,948,701 $3,948,701 $3,948,701      
Property   10.03 894 Bushwick Avenue 0.5%    AREF AREF $3,404,828 $3,404,828 $3,404,828      
Property   10.04 679 Grand Street 0.3%    AREF AREF $2,260,488 $2,260,488 $2,260,488      
Property   10.05 735 & 737 Bushwick Avenue 0.2%    AREF AREF $1,673,588 $1,673,588 $1,673,588      
Property   10.06 17 Troutman Street 0.2%    AREF AREF $1,316,234 $1,316,234 $1,316,234      
Property   10.07 934 Lafayette Avenue 0.1%    AREF AREF $1,001,482 $1,001,482 $1,001,482      
Loan 8,9 11 Palms at Cinco Ranch 3.1%    MSBNA MSMCH $21,500,000 $21,500,000 $21,500,000 $107,500.00 Refinance RW Partners, LLC; Hudson Capital Investments
Loan 5 12 HPE Campus 2.9%    AREF AREF $20,000,000 $20,000,000 $20,000,000 $149.25 Acquisition John Gaghan; Waleed Mohammed; Abdullah Alwehaib
Loan   13 Broadway & Thomas 2.7%    AREF AREF $19,000,000 $19,000,000 $19,000,000 $367.35 Refinance Mark Gabay
Loan 6,9 14 New Haven Multifamily Portfolio 2.5%    MSBNA MSMCH $17,500,000 $17,500,000 $15,331,392 $72,916.67 Refinance Pike International
Property   14.01 Chapel Street and Sherman Avenue 0.7%    MSBNA MSMCH $4,560,000 $4,560,000 $3,994,922      
Property   14.02 Howe Street and Lynwood Place 0.5%    MSBNA MSMCH $3,120,000 $3,120,000 $2,733,368      
Property   14.03 Ellsworth Avenue 0.4%    MSBNA MSMCH $3,000,000 $3,000,000 $2,628,239      
Property   14.04 Colby Court 0.4%    MSBNA MSMCH $2,540,000 $2,540,000 $2,225,242      
Property   14.05 Park Street and Elm Street 0.4%    MSBNA MSMCH $2,430,000 $2,430,000 $2,128,873      
Property   14.06 Bradley Street and Trumbull Street 0.3%    MSBNA MSMCH $1,850,000 $1,850,000 $1,620,747      
Loan   15 Katella Corporate Center 2.4%    SMC SMC $16,900,000 $16,900,000 $16,900,000 $208.09 Refinance Steven E. Wise
Loan 6,7,12 16 Bronx Multifamily Portfolio V 2.2%    MSBNA MSMCH $15,500,000 $15,500,000 $15,500,000 $134,782.61 Refinance Ryan Morgan
Property   16.01 1901 Grand Concourse 1.1%    MSBNA MSMCH $7,770,000 $7,770,000 $7,770,000      
Property   16.02 667 East 232nd Street 1.1%    MSBNA MSMCH $7,730,000 $7,730,000 $7,730,000      
Loan 5 17 Ralph Lauren HQ New Jersey 1.9%    MSBNA MSMCH $13,000,000 $13,000,000 $13,000,000 $223.51 Acquisition Laulima Capital Investors, LLC
Loan   18 The Court at Hamilton 1.9%    MSBNA MSMCH $12,960,000 $12,960,000 $12,960,000 $66.77 Acquisition Anthony Grosso; Christopher Palermo
Loan   19 Gleneagles Shopping Center 1.7%    MSBNA MSMCH $12,000,000 $12,000,000 $10,457,065 $301.59 Refinance US Property Trust
Loan 6,7,9 20 Walgreens & Dollar General Portfolio 1.5%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $10,673,000 $10,673,000 $8,447,919 $146.10 Acquisition Erik Conrad
Property   20.01 Walgreens, Excelsior Springs, MO 0.5%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $3,400,000 $3,400,000 $2,691,176      
Property   20.02 Walgreens, Kilmarnock, VA 0.5%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $3,375,000 $3,375,000 $2,671,388      
Property   20.03 Dollar General, Cynthiana, KY 0.1%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $865,000 $865,000 $684,667      
Property   20.04 Dollar General, Fairview, KY 0.1%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $795,000 $795,000 $629,260      
Property   20.05 Dollar General, Wheatland, MO 0.1%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $780,000 $780,000 $617,387      
Property   20.06 Dollar General, Parkers Lake, KY 0.1%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $738,000 $738,000 $584,144      
Property   20.07 Dollar General, London, KY 0.1%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $720,000 $720,000 $569,896      
Loan 6,9 21 BC Storage Portfolio 1.4%    MSBNA MSMCH $9,500,000 $9,500,000 $8,173,779 $53.81 Refinance Brian Hood
Property   21.01 Burns 0.9%    MSBNA MSMCH $6,107,000 $6,107,000 $5,254,449      
Property   21.02 White Bluff 0.3%    MSBNA MSMCH $2,060,000 $2,060,000 $1,772,419      
Property   21.03 Dickson 0.2%    MSBNA MSMCH $1,333,000 $1,333,000 $1,146,910      
Loan 9 22 514 West 211th Street 1.4%    MSBNA MSMCH $9,400,000 $9,400,000 $9,400,000 $118,987.34 Refinance Shapour Sohayegh; Hooshang Sohayegh; Behrooz Farhadian
Loan 9,17 23 51 Columbia 1.2%    CCRE SMC $8,425,000 $8,425,000 $8,425,000 $245.63 Acquisition Jeff Pori
Loan 9 24 89-16 175 Street 1.2%    MSBNA MSMCH $8,400,000 $8,400,000 $8,400,000 $152,727.27 Refinance Martin Scharf; Richard Scharf
Loan   25 Independence Plaza 1.1%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $7,850,000 $7,850,000 $7,850,000 $99.08 Refinance Roseanna C. Richards
Loan 7 26 14741 Memorial Drive 1.0%    MSBNA MSMCH $6,675,000 $6,675,000 $6,675,000 $212.86 Acquisition Adam Soffar; Robert Naggar
Loan 18 27 Carbon 550 0.9%    AREF AREF $6,552,462 $6,552,462 $6,552,462 $131,049.24 Acquisition Thomas Stults
Loan   28 9177 Ridgetop 0.9%    SMC SMC $6,300,000 $6,300,000 $6,300,000 $378.90 Refinance Michael Brown; Pankaj Sharma; Laurie Sharma
Loan 12 29 555 Grand Street 0.9%    SMC SMC $6,250,000 $6,250,000 $6,250,000 $520,833.33 Refinance Joel Schwartz; Shaindy Schwartz
Loan   30 96 Bedford Avenue 0.9%    SMC SMC $5,900,000 $5,900,000 $5,900,000 $737,500.00 Refinance Joel Schwartz; Shaindy Schwartz
Loan   31 Shops at Oak Forest 0.7%    MSBNA MSMCH $5,100,000 $5,100,000 $5,100,000 $226.32 Refinance Crescere Capital, LLP
Loan 9 32 Sparta Self Storage 0.6%    SMC SMC $4,455,000 $4,455,000 $4,070,419 $125.76 Acquisition Jason Lami; Samir Mistry
Loan   33 Walden Court Apartments 0.6%    MSBNA MSMCH $4,300,000 $4,300,000 $3,705,245 $29,861.11 Refinance James L. Morgan Jr.
Loan 6,8 34 Pangea 24 0.6%    SMC SMC $4,260,000 $4,260,000 $4,260,000 $44,842.11 Recapitalization Pangea Properties
Property   34.01 109 North Laramie Avenue 0.2%    SMC SMC $1,319,226 $1,319,226 $1,319,226      
Property   34.02 5125 North Madison Street 0.1%    SMC SMC $742,065 $742,065 $742,065      
Property   34.03 4641 West Jackson Boulevard 0.1%    SMC SMC $728,323 $728,323 $728,323      
Property   34.04 8001 South Muskegon Avenue 0.1%    SMC SMC $714,581 $714,581 $714,581      
Property   34.05 8935 South Dauphin Avenue 0.1%    SMC SMC $480,968 $480,968 $480,968      
Property   34.06 15210 Chicago Road 0.0%    SMC SMC $274,839 $274,839 $274,839      
Loan   35 Fed Ex Mt. Pleasant 0.6%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $4,200,000 $4,200,000 $4,200,000 $156.63 Acquisition Wei Liu
Loan   36 600 University Office 0.6%    SMC SMC $3,900,000 $3,900,000 $3,211,327 $101.30 Refinance Justin A. Beck; James S. Taylor; Samuel E. Luker, Jr.
Loan 9 37 Walgreens Charlotte, NC 0.5%    MSBNA MSMCH $3,500,000 $3,500,000 $3,500,000 $241.55 Acquisition J. Randolph Cassidy
Loan   38 Hunter Ridge 0.5%    SMC SMC $3,450,000 $3,450,000 $3,013,636 $44,230.77 Refinance W. Michael James
Loan   39 Hannah Del Estate MHC 0.5%    SMC SMC $3,200,000 $3,200,000 $2,592,732 $48,484.85 Refinance Mark C. Rose
Loan 9 40 Fresenius Las Vegas 0.4%    MSBNA MSMCH $3,000,000 $3,000,000 $3,000,000 $287.05 Acquisition Persis Corporation
Loan   41 Walgreens Sycamore 0.4%    Barclays Capital Real Estate Inc. Barclays Capital Real Estate Inc. $3,000,000 $3,000,000 $3,000,000 $198.41 Acquisition Paolo Colletti; Deanna Colletti
Loan   42 A1A Stow-A-Way Self Storage 0.4%    SMC SMC $2,750,000 $2,750,000 $2,750,000 $63.88 Refinance Paul E. Davis; Todd C. Marshall; Craig S. Marshall
Loan 9 43 Sentry Self Storage 0.3%    MSBNA MSMCH $2,025,000 $2,025,000 $1,634,795 $39.00 Refinance Travis T. Mack
 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Non-Recourse Carveout Guarantor   No. of
Properties
General Property Type Detailed Property Type Title Type Ground Lease
Initial Lease
Expiration Date
Hotel Franchise Agreement Expiration Date Address
Loan 5,7,8,9,10,11 1 The Liz Ron Kaplan; Andrew Altman   1 Mixed Use Office/Multifamily/Retail Fee N/A N/A 1711 14th Street Northwest
Loan   2 Bayview Corporate Tower TCM Bayview LLC; Somerset Real Estate Opportunity Fund II, LP; Benjamin Adams; Greggory L. Belzberg   1 Office Suburban Fee N/A N/A 6451 North Federal Highway
Loan 6,7,12 3 FTERE Bronx Portfolio 5 Richard Timberger   5            
Property   3.01 3031 & 3041 Holland Avenue       Multifamily Mid Rise Fee N/A N/A 3031 & 3041 Holland Avenue
Property   3.02 610 Trinity Avenue       Multifamily Mid Rise Fee N/A N/A 610 Trinity Avenue
Property   3.03 2770-2780 Kingsbridge Terrace       Multifamily Mid Rise Fee N/A N/A 2770-2780 Kingsbridge Terrace
Property   3.04 1787-1791 Walton Avenue       Multifamily Mid Rise Fee N/A N/A 1787-1791 Walton Avenue
Property   3.05 75 West 190th Street       Multifamily Mid Rise Fee N/A N/A 75 West 190th Street
Loan 6,12 4 Texas Multifamily Portfolio Gary W. Gates, Jr.   4            
Property   4.01 The Presidio Apartments       Multifamily Garden Fee N/A N/A 16201 El Camino Real
Property   4.02 Ravenwood Apartments       Multifamily Garden Fee N/A N/A 7964 Amelia Road
Property   4.03 Laguna Azul Apartments       Multifamily Garden Fee N/A N/A 1200 Northwood Street
Property   4.04 Pebble Walk Apartments       Multifamily Garden Fee N/A N/A 8500 Broadway Street
Loan 5,8,13,14 5 525 Market Street N/A   1 Office CBD Fee N/A N/A 525 Market Street
Loan 5,8,15,16 6 Bellagio Hotel and Casino BREIT Operating Partnership L.P.   1 Hospitality Full Service Fee/Leasehold 4/27/2033 N/A 3600 South Las Vegas Boulevard
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue Ben Hadar   2            
Property   7.01 3210 Riverdale Avenue       Multifamily High Rise Fee N/A N/A 3210 Riverdale Avenue
Property   7.02 1616 Amsterdam Avenue       Mixed Use Multifamily/Retail Fee N/A N/A 1616 Amsterdam Avenue
Loan 8,9 8 UHG Optum Health Campus Virtus Real Estate Enhanced Core, LP   1 Office Suburban Fee N/A N/A 13625 & 13675 Technology Drive
Loan   9 235 Canal Street Alexander Chu; Irene Chu   1 Mixed Use Office/Retail Fee N/A N/A 235 Canal Street
Loan 5,6,7 10 Bushwick Multifamily Portfolio Jacob Kohn; Abraham Kohn   7            
Property   10.01 276 Nostrand Avenue       Mixed Use Multifamily/Retail Fee N/A N/A 276 Nostrand Avenue
Property   10.02 70 Bushwick Avenue       Multifamily Mid Rise Fee N/A N/A 70 Bushwick Avenue
Property   10.03 894 Bushwick Avenue       Multifamily Mid Rise Fee N/A N/A 894 Bushwick Avenue
Property   10.04 679 Grand Street       Mixed Use Multifamily/Retail Fee N/A N/A 679 Grand Street
Property   10.05 735 & 737 Bushwick Avenue       Multifamily Mid Rise Fee N/A N/A 735 & 737 Bushwick Avenue
Property   10.06 17 Troutman Street       Multifamily Mid Rise Fee N/A N/A 17 Troutman Street
Property   10.07 934 Lafayette Avenue       Multifamily Mid Rise Fee N/A N/A 934 Lafayette Avenue
Loan 8,9 11 Palms at Cinco Ranch Winco, L.L.C.   1 Multifamily Garden Fee N/A N/A 23600 Farm to Market 1093
Loan 5 12 HPE Campus Apex Capital Investments Corporation   1 Office Suburban Fee N/A N/A 8000-8050 Foothills Boulevard
Loan   13 Broadway & Thomas Mark Gabay   1 Mixed Use Office/Retail Fee N/A N/A 3303-3327 North Broadway
Loan 6,9 14 New Haven Multifamily Portfolio Toby Hecht   6            
Property   14.01 Chapel Street and Sherman Avenue       Multifamily Low Rise Fee N/A N/A 1375 Chapel Street, 1401 & 1403-1405 Chapel Street, 1447 Chapel Street and 120 Sherman Avenue
Property   14.02 Howe Street and Lynwood Place       Multifamily Low Rise Fee N/A N/A 17-19 Howe Street, 19-21 Lynwood Place, & 37-39 Lynwood Place
Property   14.03 Ellsworth Avenue       Multifamily Low Rise Fee N/A N/A 224-226 Ellsworth Avenue
Property   14.04 Colby Court       Multifamily Low Rise Fee N/A N/A 1, 2, 18, and 21 Colby Court
Property   14.05 Park Street and Elm Street       Multifamily Low Rise Fee N/A N/A 165, 166 Park Street and 350 Elm Street
Property   14.06 Bradley Street and Trumbull Street       Multifamily Low Rise Fee N/A N/A 189-191 Bradley Street, 42 Trumbull Street, & 60-62, 66 Trumbull Street
Loan   15 Katella Corporate Center Steven E. Wise   1 Office Suburban Fee N/A N/A 4281 Katella Avenue
Loan 6,7,12 16 Bronx Multifamily Portfolio V Ryan Morgan   2            
Property   16.01 1901 Grand Concourse       Multifamily Mid Rise Fee N/A N/A 1901 Grand Concourse
Property   16.02 667 East 232nd Street       Multifamily Mid Rise Fee N/A N/A 667 East 232nd Street
Loan 5 17 Ralph Lauren HQ New Jersey N/A   1 Office Single Tenant Fee N/A N/A 100 Metro Boulevard
Loan   18 The Court at Hamilton Anthony Grosso; Christopher Palermo   1 Retail Anchored Fee N/A N/A 1688-1770 Nottingham Way
Loan   19 Gleneagles Shopping Center US Property Trust South America LLC   1 Retail Shadow Anchored Fee N/A N/A 5930 West Park Boulevard
Loan 6,7,9 20 Walgreens & Dollar General Portfolio Erik Conrad   7            
Property   20.01 Walgreens, Excelsior Springs, MO       Retail Single Tenant Fee N/A N/A 1718 West Jesse James Road
Property   20.02 Walgreens, Kilmarnock, VA       Retail Single Tenant Fee N/A N/A 573 North Main Street
Property   20.03 Dollar General, Cynthiana, KY       Retail Single Tenant Fee N/A N/A 25 Blackburn Road
Property   20.04 Dollar General, Fairview, KY       Retail Single Tenant Fee N/A N/A 11074 Wilderness Road
Property   20.05 Dollar General, Wheatland, MO       Retail Single Tenant Fee N/A N/A 22017 County Road 271
Property   20.06 Dollar General, Parkers Lake, KY       Retail Single Tenant Fee N/A N/A 36 PP Walker Lane
Property   20.07 Dollar General, London, KY       Retail Single Tenant Fee N/A N/A 5417 West Laurel Road
Loan 6,9 21 BC Storage Portfolio Brian Hood   3            
Property   21.01 Burns       Self Storage Self Storage Fee N/A N/A 3016 Highway 70 East
Property   21.02 White Bluff       Self Storage Self Storage Fee N/A N/A 411 Ellington Way
Property   21.03 Dickson       Self Storage Self Storage Fee N/A N/A 2073 Highway 70 West
Loan 9 22 514 West 211th Street Shapour Sohayegh; Hooshang Sohayegh; Behrooz Farhadian   1 Multifamily Mid Rise Fee N/A N/A 514 West 211th Street
Loan 9,17 23 51 Columbia Jeff Pori   1 Office Suburban Fee N/A N/A 51 Columbia
Loan 9 24 89-16 175 Street Martin Scharf; Richard Scharf   1 Multifamily Mid Rise Fee N/A N/A 89-16 175 Street
Loan   25 Independence Plaza Roseanna C. Richards   1 Mixed Use Office/Retail Fee N/A N/A 1601 Concord Pike
Loan 7 26 14741 Memorial Drive Adam Soffar; Robert Naggar   1 Retail Unanchored Fee N/A N/A 14741-14785 Memorial Drive
Loan 18 27 Carbon 550 Thomas Stults   1 Multifamily Mid Rise Fee N/A N/A 550 Watson Powell Junior Way
Loan   28 9177 Ridgetop Michael Brown; Pankaj Sharma; Laurie Sharma   1 Office Medical Fee N/A N/A 9177 Ridgetop Boulevard Northwest
Loan 12 29 555 Grand Street Joel Schwartz; Shaindy Schwartz   1 Multifamily Mid Rise Fee N/A N/A 555 Grand Street
Loan   30 96 Bedford Avenue Joel Schwartz; Shaindy Schwartz   1 Multifamily Low Rise Fee N/A N/A 96 Bedford Avenue
Loan   31 Shops at Oak Forest Christopher A. Hotze   1 Retail Shadow Anchored Fee N/A N/A 1202 West 43rd Street
Loan 9 32 Sparta Self Storage Jason Lami; Samir Mistry   1 Self Storage Self Storage Fee N/A N/A 19 and 32 White Lake Road
Loan   33 Walden Court Apartments Walden Court of Delaware, LLC   1 Multifamily Garden Fee N/A N/A 9115 Olmsted Drive
Loan 6,8 34 Pangea 24 Pangea Properties   6            
Property   34.01 109 North Laramie Avenue       Multifamily Low Rise Fee N/A N/A 109 North Laramie Avenue
Property   34.02 5125 North Madison Street       Multifamily Low Rise Fee N/A N/A 5125 North Madison Street
Property   34.03 4641 West Jackson Boulevard       Multifamily Low Rise Fee N/A N/A 4641 West Jackson Boulevard
Property   34.04 8001 South Muskegon Avenue       Multifamily Low Rise Fee N/A N/A 8001 South Muskegon Avenue
Property   34.05 8935 South Dauphin Avenue       Multifamily Low Rise Fee N/A N/A 8935 South Dauphin Avenue
Property   34.06 15210 Chicago Road       Multifamily Low Rise Fee N/A N/A 15210 Chicago Road
Loan   35 Fed Ex Mt. Pleasant Wei Liu   1 Industrial Warehouse Fee N/A N/A 217 East View Drive
Loan   36 600 University Office Justin A. Beck; James S. Taylor; Samuel E. Luker, Jr.   1 Office Suburban Fee N/A N/A 600 University Office Boulevard
Loan 9 37 Walgreens Charlotte, NC J. Randolph Cassidy   1 Retail Single Tenant Fee N/A N/A 1510 Sardis Road North
Loan   38 Hunter Ridge W. Michael James   1 Multifamily Garden Fee N/A N/A 250 North East Street
Loan   39 Hannah Del Estate MHC Mark C. Rose   1 Manufactured Housing Manufactured Housing Fee N/A N/A 2605-2696 Atticus Way, 2510-2692 Janelle Way and 714 Klamath Court
Loan 9 40 Fresenius Las Vegas Persis Corporation   1 Office Medical Fee N/A N/A 255 East Warm Springs Road
Loan   41 Walgreens Sycamore Paolo Colletti; Deanna Colletti   1 Retail Single Tenant Fee N/A N/A 1340 DeKalb Avenue
Loan   42 A1A Stow-A-Way Self Storage Paul E. Davis; Todd C. Marshall; Craig S. Marshall   1 Self Storage Self Storage Fee N/A N/A 96280 David Hallman Parkway
Loan 9 43 Sentry Self Storage Travis T. Mack   1 Self Storage Self Storage Fee N/A N/A 6551 Southeast 110th Street
 

 

 

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
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
Loan 5,7,8,9,10,11 1 The Liz Washington District of Columbia DC 20009 2019 N/A 140,200 SF 93.0% 6/24/2020 $140,800,000 3/19/2020   4.4500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   2 Bayview Corporate Tower Fort Lauderdale Broward FL 33308 1973 2017-2019 413,813 SF 86.3% 6/30/2020 $90,900,000 2/5/2020   4.5000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 6,7,12 3 FTERE Bronx Portfolio 5             382 Units 99.5%   $80,100,000     3.5800% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Property   3.01 3031 & 3041 Holland Avenue Bronx Bronx NY 10467 1929 N/A 111 Units 100.0% 6/5/2020 $18,400,000 12/4/2019                  
Property   3.02 610 Trinity Avenue Bronx Bronx NY 10455 1937 N/A 104 Units 99.0% 6/5/2020 $17,800,000 12/4/2019                  
Property   3.03 2770-2780 Kingsbridge Terrace Bronx Bronx NY 10463 1927 N/A 71 Units 98.6% 6/5/2020 $15,400,000 12/4/2019                  
Property   3.04 1787-1791 Walton Avenue Bronx Bronx NY 10453 2003 N/A 47 Units 100.0% 6/5/2020 $14,300,000 12/4/2019                  
Property   3.05 75 West 190th Street Bronx Bronx NY 10468 1928 N/A 49 Units 100.0% 6/5/2020 $14,200,000 12/4/2019                  
Loan 6,12 4 Texas Multifamily Portfolio             1,034 Units 91.1%   $82,250,000     4.0300% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Property   4.01 The Presidio Apartments Houston Harris TX 77062 1968 2018 313 Units 95.2% 6/30/2020 $28,400,000 2/14/2020                  
Property   4.02 Ravenwood Apartments Houston Harris TX 77055 1969 2019 234 Units 88.0% 6/30/2020 $23,100,000 2/14/2020                  
Property   4.03 Laguna Azul Apartments Baytown Harris TX 77521 1976 2018 259 Units 86.1% 6/30/2020 $15,000,000 2/14/2020                  
Property   4.04 Pebble Walk Apartments Houston Harris TX 77061 1974 2018 228 Units 94.3% 6/30/2020 $13,300,000 2/14/2020                  
Loan 5,8,13,14 5 525 Market Street San Francisco San Francisco CA 94105 1973 2018 1,034,170 SF 97.3% 12/4/2019 $1,271,000,000 11/12/2019   2.9495% 0.01741% 0.00250% 0.00000% 0.00125% 0.01078% 0.00202% 0.00036%
Loan 5,8,15,16 6 Bellagio Hotel and Casino Las Vegas Clark NV 89109 1997 2019 3,933 Rooms 94.8% 9/30/2019 $4,260,000,000 10/16/2019   3.1702% 0.01741% 0.00250% 0.00000% 0.00125% 0.01078% 0.00202% 0.00036%
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue             106 Units 97.2%   $50,000,000     3.7660% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Property   7.01 3210 Riverdale Avenue New York Bronx NY 10463 2012 N/A 48 Units 100.0% 7/1/2020 $26,500,000 12/23/2019                  
Property   7.02 1616 Amsterdam Avenue New York New York NY 10031 1916 1988; 2017 58 Units 94.8% 6/30/2020 $23,500,000 12/23/2019                  
Loan 8,9 8 UHG Optum Health Campus Eden Prairie Hennepin MN 55344 2001 2016 473,325 SF 100.0% 7/6/2020 $52,600,000 3/20/2020   4.0000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   9 235 Canal Street New York New York NY 10013 1920 2008 38,645 SF 53.2% 1/3/2020 $61,300,000 3/13/2020   3.1850% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 5,6,7 10 Bushwick Multifamily Portfolio             117 Units 100.0%   $77,150,000     3.8700% 0.01866% 0.00250% 0.00000% 0.00250% 0.01078% 0.00202% 0.00036%
Property   10.01 276 Nostrand Avenue Brooklyn Kings NY 11205 1970 2018 47 Units 100.0% 5/5/2020 $29,600,000 12/23/2019                  
Property   10.02 70 Bushwick Avenue Brooklyn Kings NY 11221 2016 N/A 20 Units 100.0% 5/5/2020 $13,800,000 12/23/2019                  
Property   10.03 894 Bushwick Avenue Brooklyn Kings NY 11221 2015 N/A 20 Units 100.0% 5/5/2020 $11,900,000 12/23/2019                  
Property   10.04 679 Grand Street Brooklyn Kings NY 11221 2017 N/A 11 Units 100.0% 5/5/2020 $7,900,000 12/23/2019                  
Property   10.05 735 & 737 Bushwick Avenue Brooklyn Kings NY 11221 1899 2016 7 Units 100.0% 5/5/2020 $5,850,000 12/23/2019                  
Property   10.06 17 Troutman Street Brooklyn Kings NY 11221 1931 2014 8 Units 100.0% 5/5/2020 $4,600,000 12/23/2019                  
Property   10.07 934 Lafayette Avenue Brooklyn Kings NY 11221 1931 2016 4 Units 100.0% 5/5/2020 $3,500,000 12/23/2019                  
Loan 8,9 11 Palms at Cinco Ranch Richmond Fort Bend TX 77406 2006 N/A 200 Units 92.5% 6/8/2020 $33,700,000 3/2/2020   3.7600% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 5 12 HPE Campus Roseville Placer CA 95747 1981 2019 447,364 SF 100.0% 7/6/2020 $103,000,000 1/23/2020   3.5400% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   13 Broadway & Thomas Los Angeles Los Angeles CA 90031 2019 N/A 51,722 SF 96.0% 1/1/2020 $31,500,000 8/16/2019   3.9000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 6,9 14 New Haven Multifamily Portfolio             240 Units 92.9%   $30,300,000     4.4500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Property   14.01 Chapel Street and Sherman Avenue New Haven New Haven CT 06511 1900-1969 N/A 70 Units 97.1% 6/19/2020 $7,900,000 5/19/2020                  
Property   14.02 Howe Street and Lynwood Place New Haven New Haven CT 06511 1880-1975 N/A 32 Units 93.8% 6/19/2020 $5,400,000 5/19/2020                  
Property   14.03 Ellsworth Avenue New Haven New Haven CT 06511 1927 N/A 47 Units 97.9% 6/19/2020 $5,200,000 5/19/2020                  
Property   14.04 Colby Court New Haven New Haven CT 06515 1950 N/A 34 Units 97.1% 6/19/2020 $4,400,000 5/19/2020                  
Property   14.05 Park Street and Elm Street New Haven New Haven CT 06511 1900 N/A 31 Units 90.3% 6/19/2020 $4,200,000 5/19/2020                  
Property   14.06 Bradley Street and Trumbull Street New Haven New Haven CT 06511 1865 - 1900 N/A 26 Units 69.2% 6/19/2020 $3,200,000 5/19/2020                  
Loan   15 Katella Corporate Center Los Alamitos Orange CA 90720 1987 2017-2019 81,216 SF 100.0% 6/4/2020 $27,000,000 2/13/2020   3.4000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 6,7,12 16 Bronx Multifamily Portfolio V             115 Units 100.0%   $24,300,000     3.5500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Property   16.01 1901 Grand Concourse Bronx Bronx NY 10453 1954 N/A 56 Units 100.0% 2/29/2020 $11,500,000 1/16/2020                  
Property   16.02 667 East 232nd Street Bronx Bronx NY 10466 1929 N/A 59 Units 100.0% 2/29/2020 $12,800,000 1/16/2020                  
Loan 5 17 Ralph Lauren HQ New Jersey Nutley Essex NJ 07110 1996 2019 255,018 SF 100.0% 7/1/2020 $96,000,000 11/1/2019   3.1300% 0.01866% 0.00250% 0.00000% 0.00250% 0.01078% 0.00202% 0.00036%
Loan   18 The Court at Hamilton Hamilton Mercer NJ 08619 1971 2016 194,106 SF 99.0% 2/11/2020 $19,400,000 1/12/2020   3.5500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   19 Gleneagles Shopping Center Plano Collin TX 75093 1999 N/A 39,789 SF 91.8% 3/3/2020 $17,400,000 1/29/2020   4.2200% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 6,7,9 20 Walgreens & Dollar General Portfolio             73,051 SF 100.0%   $16,520,000     3.8320% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Property   20.01 Walgreens, Excelsior Springs, MO Excelsior Springs Clay MO 64024 2008 N/A 14,490 SF 100.0% 7/6/2020 $5,250,000 6/14/2020                  
Property   20.02 Walgreens, Kilmarnock, VA Kilmarnock Lancaster VA 22482 2007 N/A 14,820 SF 100.0% 7/6/2020 $5,200,000 6/15/2020                  
Property   20.03 Dollar General, Cynthiana, KY Cynthiana Harrison KY 41031 2019 N/A 9,100 SF 100.0% 7/6/2020 $1,350,000 6/12/2020                  
Property   20.04 Dollar General, Fairview, KY Fairview Rockcastle KY 40403 2019 N/A 9,100 SF 100.0% 7/6/2020 $1,245,000 6/12/2020                  
Property   20.05 Dollar General, Wheatland, MO Wheatland Hickory MO 65779 2020 N/A 9,026 SF 100.0% 7/6/2020 $1,200,000 6/15/2020                  
Property   20.06 Dollar General, Parkers Lake, KY Parkers Lake Mccreary KY 42634 2019 N/A 7,489 SF 100.0% 7/6/2020 $1,150,000 6/12/2020                  
Property   20.07 Dollar General, London, KY London Laurel KY 40741 2019 N/A 9,026 SF 100.0% 7/6/2020 $1,125,000 6/12/2020                  
Loan 6,9 21 BC Storage Portfolio             176,550 SF 89.5%   $17,250,000     3.6900% 0.07616% 0.00250% 0.06000% 0.00000% 0.01078% 0.00202% 0.00036%
Property   21.01 Burns Burns Dickson TN 37029 2007 2015 111,510 SF 94.3% 5/12/2020 $9,850,000 2/17/2020                  
Property   21.02 White Bluff White Bluff Dickson TN 37187 2003 2016 37,260 SF 70.2% 5/12/2020 $5,250,000 2/2/2020                  
Property   21.03 Dickson Dickson Dickson TN 37055 2001 2003 27,780 SF 95.9% 5/12/2020 $2,150,000 2/17/2020                  
Loan 9 22 514 West 211th Street New York New York NY 10034 1928 1988 79 Units 100.0% 6/1/2020 $15,200,000 6/2/2020   2.9900% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 9,17 23 51 Columbia Aliso Viejo Orange CA 92656 1992 2019 34,299 SF 100.0% 2/1/2020 $16,600,000 6/25/2020   3.7500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 9 24 89-16 175 Street Jamaica Queens NY 11432 2008 N/A 55 Units 100.0% 6/3/2020 $12,700,000 3/26/2020   3.7950% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   25 Independence Plaza Wilmington New Castle DE 19803 1964 2011 79,226 SF 85.1% 6/15/2020 $15,900,000 4/23/2020   3.7500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 7 26 14741 Memorial Drive Houston Harris TX 77079 1967-1970 2018 31,358 SF 79.2% 1/1/2020 $10,250,000 12/20/2019   4.3100% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 18 27 Carbon 550 Des Moines Polk IA 50309 2018 N/A 50 Units 96.0% 2/18/2020 $10,350,000 1/27/2020   3.5000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   28 9177 Ridgetop Silverdale Kitsap WA 98383 2019 N/A 16,627 SF 89.5% 3/1/2020 $10,000,000 1/7/2020   3.6000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 12 29 555 Grand Street Brooklyn Kings NY 11211 1920 2019 12 Units 100.0% 7/1/2020 $9,800,000 1/22/2020   3.6300% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   30 96 Bedford Avenue Brooklyn Kings NY 11249 1910 2017 8 Units 100.0% 7/1/2020 $9,550,000 11/26/2019   3.6300% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   31 Shops at Oak Forest Houston Harris TX 77018 2008 N/A 22,534 SF 100.0% 2/1/2020 $9,300,000 1/15/2020   3.6000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 9 32 Sparta Self Storage Sparta Sussex NJ 07871 1997; 2002 N/A 35,425 SF 88.4% 6/30/2020 $6,880,000 6/19/2020   4.3000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   33 Walden Court Apartments Charlotte Mecklenburg NC 28262 1985 2010-2011 144 Units 95.8% 6/2/2020 $17,200,000 5/26/2020   3.7500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 6,8 34 Pangea 24             95 Units 97.9%   $7,750,000     3.5000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Property   34.01 109 North Laramie Avenue Chicago Cook IL 60644 1928 2019 24 Units 91.7% 5/28/2020 $2,400,000 2/4/2020                  
Property   34.02 5125 North Madison Street Chicago Cook IL 60644 1930 2019 20 Units 100.0% 5/28/2020 $1,350,000 2/4/2020                  
Property   34.03 4641 West Jackson Boulevard Chicago Cook IL 60644 1930 2019 13 Units 100.0% 5/28/2020 $1,325,000 2/4/2020                  
Property   34.04 8001 South Muskegon Avenue Chicago Cook IL 60617 1928 2019 19 Units 100.0% 5/28/2020 $1,300,000 2/4/2020                  
Property   34.05 8935 South Dauphin Avenue Chicago Cook IL 60619 1951 2019 11 Units 100.0% 5/28/2020 $875,000 2/4/2020                  
Property   34.06 15210 Chicago Road Dolton Cook IL 60419 1953 2019 8 Units 100.0% 5/28/2020 $500,000 2/4/2020                  
Loan   35 Fed Ex Mt. Pleasant Mount Pleasant Westmoreland PA 15666 2001 2016 26,815 SF 100.0% 6/30/2020 $7,925,000 6/2/2020   4.1830% 0.06866% 0.00250% 0.05250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   36 600 University Office Pensacola Escambia FL 32504 1983 2018 38,498 SF 93.2% 6/24/2020 $6,900,000 4/1/2020   4.1000% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 9 37 Walgreens Charlotte, NC Charlotte Mecklenburg NC 28270 2005 N/A 14,490 SF 100.0% 7/1/2020 $5,775,000 6/1/2020   4.1500% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   38 Hunter Ridge Plainfield Hendricks IN 46168 1971; 1985 2019 78 Units 98.7% 6/25/2020 $5,000,000 12/12/2019   4.3280% 0.05866% 0.00250% 0.04250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   39 Hannah Del Estate MHC Eugene Lane OR 97404 1998 N/A 66 Pads 100.0% 6/22/2020 $6,290,000 5/22/2020   4.4900% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 9 40 Fresenius Las Vegas Las Vegas Clark NV 89119 2000 2018 10,451 SF 100.0% 7/1/2020 $5,200,000 6/22/2020   4.0500% 0.08616% 0.00250% 0.07000% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   41 Walgreens Sycamore Sycamore DeKalb IL 60178 2000 N/A 15,120 SF 100.0% 6/15/2020 $4,850,000 5/5/2020   4.2200% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan   42 A1A Stow-A-Way Self Storage Yulee Nassau FL 32097 2007 2017 43,050 SF 94.7% 5/30/2020 $5,000,000 3/24/2020   3.9100% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
Loan 9 43 Sentry Self Storage Belleview Marion FL 34420 1948 - 2018 N/A 51,917 SF 82.0% 5/21/2020 $2,700,000 5/15/2020   4.3900% 0.01866% 0.00250% 0.00250% 0.00000% 0.01078% 0.00202% 0.00036%
 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name 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.)
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 5,7,8,9,10,11 1 The Liz 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/10/2020 8/6/2020 N/A 8/6/2030 8/6/2030 $0.00 $225,590.28 $0.00 $2,707,083.33 Hard Springing No
Loan   2 Bayview Corporate Tower 0.00050% Actual/360 0 No 120 120 24 24 360 360 7/6/2020 8/6/2020 8/6/2022 7/6/2030 7/6/2030 $296,157.56 $222,231.77 $3,553,890.72 $2,666,781.25 Hard Springing No
Loan 6,7,12 3 FTERE Bronx Portfolio 5 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/25/2020 4/1/2020 N/A 3/1/2030 3/1/2030 $0.00 $163,035.02 $0.00 $1,956,420.24 Springing Springing No
Property   3.01 3031 & 3041 Holland Avenue                                            
Property   3.02 610 Trinity Avenue                                            
Property   3.03 2770-2780 Kingsbridge Terrace                                            
Property   3.04 1787-1791 Walton Avenue                                            
Property   3.05 75 West 190th Street                                            
Loan 6,12 4 Texas Multifamily Portfolio 0.00050% Actual/360 4 No 120 116 0 0 360 356 2/28/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $255,385.06 $0.00 $3,064,620.72 $0.00 Springing Springing No
Property   4.01 The Presidio Apartments                                            
Property   4.02 Ravenwood Apartments                                            
Property   4.03 Laguna Azul Apartments                                            
Property   4.04 Pebble Walk Apartments                                            
Loan 5,8,13,14 5 525 Market Street 0.00050% Actual/360 5 No 120 115 120 115 0 0 1/29/2020 3/6/2020 N/A 2/6/2030 2/6/2030 $0.00 $99,682.18 $0.00 $1,196,186.11 Hard Springing No
Loan 5,8,15,16 6 Bellagio Hotel and Casino 0.00050% Actual/360 7 No 120 113 120 113 0 0 11/15/2019 1/5/2020 N/A 12/5/2029 12/5/2029 $0.00 $104,460.94 $0.00 $1,253,531.28 Hard Springing No
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/7/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $0.00 $103,412.44 $0.00 $1,240,949.31 Springing Springing No
Property   7.01 3210 Riverdale Avenue                                            
Property   7.02 1616 Amsterdam Avenue                                            
Loan 8,9 8 UHG Optum Health Campus 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/10/2020 8/6/2020 N/A 8/6/2030 8/6/2030 $0.00 $89,898.15 $0.00 $1,078,777.78 Hard Springing No
Loan   9 235 Canal Street 0.00050% Actual/360 0 No 120 120 120 120 0 0 6/30/2020 8/1/2020 N/A 7/1/2030 7/1/2030 $0.00 $64,584.72 $0.00 $775,016.64 Springing Springing No
Loan 5,6,7 10 Bushwick Multifamily Portfolio 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/26/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $0.00 $72,180.65 $0.00 $866,167.81 Springing Springing No
Property   10.01 276 Nostrand Avenue                                            
Property   10.02 70 Bushwick Avenue                                            
Property   10.03 894 Bushwick Avenue                                            
Property   10.04 679 Grand Street                                            
Property   10.05 735 & 737 Bushwick Avenue                                            
Property   10.06 17 Troutman Street                                            
Property   10.07 934 Lafayette Avenue                                            
Loan 8,9 11 Palms at Cinco Ranch 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/8/2020 8/1/2020 N/A 8/1/2030 8/1/2030 $0.00 $68,302.31 $0.00 $819,627.72 Springing Springing No
Loan 5 12 HPE Campus 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/21/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $0.00 $59,819.44 $0.00 $717,833.33 Hard Springing No
Loan   13 Broadway & Thomas 0.00050% Actual/360 5 No 120 115 120 115 0 0 2/5/2020 3/6/2020 N/A 2/6/2030 2/6/2030 $0.00 $62,607.64 $0.00 $751,291.67 Hard Springing No
Loan 6,9 14 New Haven Multifamily Portfolio 0.00050% Actual/360 0 No 121 121 37 37 360 360 7/9/2020 8/1/2020 9/1/2023 8/1/2030 8/1/2030 $88,150.78 $65,797.16 $1,057,809.36 $789,565.92 Springing Springing No
Property   14.01 Chapel Street and Sherman Avenue                                            
Property   14.02 Howe Street and Lynwood Place                                            
Property   14.03 Ellsworth Avenue                                            
Property   14.04 Colby Court                                            
Property   14.05 Park Street and Elm Street                                            
Property   14.06 Bradley Street and Trumbull Street                                            
Loan   15 Katella Corporate Center 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/28/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $0.00 $48,548.38 $0.00 $582,580.56 Springing Springing No
Loan 6,7,12 16 Bronx Multifamily Portfolio V 0.00050% Actual/360 3 No 120 117 120 117 0 0 3/6/2020 5/1/2020 N/A 4/1/2030 4/1/2030 $0.00 $46,491.03 $0.00 $557,892.36 Springing Springing No
Property   16.01 1901 Grand Concourse                                            
Property   16.02 667 East 232nd Street                                            
Loan 5 17 Ralph Lauren HQ New Jersey 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/7/2020 4/1/2020 N/A 3/1/2030 3/1/2030 $0.00 $34,379.28 $0.00 $412,551.36 Hard In Place No
Loan   18 The Court at Hamilton 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/26/2020 4/1/2020 N/A 3/1/2030 3/1/2030 $0.00 $38,872.50 $0.00 $466,470.00 Springing Springing No
Loan   19 Gleneagles Shopping Center 0.00050% Actual/360 3 No 120 117 36 33 360 360 3/11/2020 5/1/2020 5/1/2023 4/1/2030 4/1/2030 $58,822.22 $42,786.11 $705,866.64 $513,433.32 Springing Springing No
Loan 6,7,9 20 Walgreens & Dollar General Portfolio 0.00050% Actual/360 0 No 121 121 1 1 360 360 7/8/2020 8/6/2020 9/6/2020 8/6/2030 8/6/2030 $49,926.25 $34,555.81 $599,115.00 $414,669.77 Hard Springing No
Property   20.01 Walgreens, Excelsior Springs, MO                                            
Property   20.02 Walgreens, Kilmarnock, VA                                            
Property   20.03 Dollar General, Cynthiana, KY                                            
Property   20.04 Dollar General, Fairview, KY                                            
Property   20.05 Dollar General, Wheatland, MO                                            
Property   20.06 Dollar General, Parkers Lake, KY                                            
Property   20.07 Dollar General, London, KY                                            
Loan 6,9 21 BC Storage Portfolio 0.00050% Actual/360 0 No 120 120 36 36 360 360 7/1/2020 8/1/2020 8/1/2023 7/1/2030 7/1/2030 $43,673.17 $29,618.23 $524,078.04 $355,418.76 Springing Springing No
Property   21.01 Burns                                            
Property   21.02 White Bluff                                            
Property   21.03 Dickson                                            
Loan 9 22 514 West 211th Street 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/8/2020 8/1/2020 N/A 8/1/2030 8/1/2030 $0.00 $23,746.97 $0.00 $284,963.64 Springing Springing No
Loan 9,17 23 51 Columbia 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/7/2020 8/1/2020 N/A 8/1/2030 8/1/2030 $0.00 $26,693.79 $0.00 $320,325.52 Hard Springing No
Loan 9 24 89-16 175 Street 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/7/2020 8/1/2020 N/A 8/1/2030 8/1/2030 $0.00 $26,933.96 $0.00 $323,207.52 Springing Springing No
Loan   25 Independence Plaza 0.00050% Actual/360 0 No 120 120 120 120 0 0 7/8/2020 8/6/2020 N/A 7/6/2030 7/6/2030 $0.00 $24,871.96 $0.00 $298,463.54 Springing Springing No
Loan 7 26 14741 Memorial Drive 0.00050% Actual/360 5 No 120 115 120 115 0 0 1/28/2020 3/1/2020 N/A 2/1/2030 2/1/2030 $0.00 $24,307.35 $0.00 $291,688.20 Springing Springing No
Loan 18 27 Carbon 550 0.00050% Actual/360 4 No 120 116 120 116 0 0 3/3/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $0.00 $19,376.78 $0.00 $232,521.39 Springing Springing No
Loan   28 9177 Ridgetop 0.00050% Actual/360 4 No 120 116 120 116 0 0 3/2/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $0.00 $19,162.50 $0.00 $229,950.00 Hard In Place No
Loan 12 29 555 Grand Street 0.00050% Actual/360 5 No 120 115 120 115 0 0 2/4/2020 3/6/2020 N/A 2/6/2030 2/6/2030 $0.00 $19,168.84 $0.00 $230,026.04 Springing Springing No
Loan   30 96 Bedford Avenue 0.00050% Actual/360 4 No 120 116 120 116 0 0 2/14/2020 4/6/2020 N/A 3/6/2030 3/6/2030 $0.00 $18,095.38 $0.00 $217,144.58 Springing Springing No
Loan   31 Shops at Oak Forest 0.00050% Actual/360 3 No 120 117 120 117 0 0 3/6/2020 5/1/2020 N/A 4/1/2030 4/1/2030 $0.00 $15,512.50 $0.00 $186,150.00 Springing Springing No
Loan 9 32 Sparta Self Storage 0.00050% Actual/360 0 No 121 121 61 61 360 360 7/7/2020 8/6/2020 9/6/2025 8/6/2030 8/6/2030 $22,046.52 $16,185.47 $264,558.24 $194,225.63 Springing Springing No
Loan   33 Walden Court Apartments 0.00050% Actual/360 0 No 120 120 36 36 360 360 6/30/2020 8/1/2020 8/1/2023 7/1/2030 7/1/2030 $19,913.97 $13,624.13 $238,967.64 $163,489.56 Springing Springing No
Loan 6,8 34 Pangea 24 0.00050% Actual/360 3 No 120 117 120 117 0 0 3/11/2020 5/6/2020 N/A 4/6/2030 4/6/2030 $0.00 $12,597.57 $0.00 $151,170.83 N/A N/A No
Property   34.01 109 North Laramie Avenue                                            
Property   34.02 5125 North Madison Street                                            
Property   34.03 4641 West Jackson Boulevard                                            
Property   34.04 8001 South Muskegon Avenue                                            
Property   34.05 8935 South Dauphin Avenue                                            
Property   34.06 15210 Chicago Road                                            
Loan   35 Fed Ex Mt. Pleasant 0.00050% Actual/360 0 No 120 120 120 120 0 0 7/2/2020 8/6/2020 N/A 7/6/2030 7/6/2030 $0.00 $14,843.84 $0.00 $178,126.08 Hard Springing No
Loan   36 600 University Office 0.00050% Actual/360 3 No 120 117 12 9 360 360 3/12/2020 5/6/2020 5/6/2021 4/6/2030 4/6/2030 $18,844.74 $13,510.07 $226,136.88 $162,120.83 Springing Springing No
Loan 9 37 Walgreens Charlotte, NC 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/2/2020 8/1/2020 N/A 8/1/2030 8/1/2030 $0.00 $12,272.28 $0.00 $147,267.36 Springing Springing No
Loan   38 Hunter Ridge 0.00050% Actual/360 5 No 120 115 36 31 360 360 1/22/2020 3/6/2020 3/6/2023 2/6/2030 2/6/2030 $17,129.83 $12,615.82 $205,557.96 $151,389.83 Springing Springing No
Loan   39 Hannah Del Estate MHC 0.00050% Actual/360 0 No 120 120 0 0 360 360 6/26/2020 8/6/2020 N/A 7/6/2030 7/6/2030 $16,194.92 $0.00 $194,339.04 $0.00 Springing Springing No
Loan 9 40 Fresenius Las Vegas 0.00050% Actual/360 0 No 121 121 121 121 0 0 7/2/2020 8/1/2020 N/A 8/1/2030 8/1/2030 $0.00 $10,265.63 $0.00 $123,187.56 Springing Springing No
Loan   41 Walgreens Sycamore 0.00050% Actual/360 0 No 120 120 120 120 0 0 6/23/2020 8/6/2020 N/A 7/6/2030 7/6/2030 $0.00 $10,696.53 $0.00 $128,358.33 Hard In Place No
Loan   42 A1A Stow-A-Way Self Storage 0.00050% Actual/360 0 No 120 120 120 120 0 0 6/18/2020 8/6/2020 N/A 7/6/2030 7/6/2030 $0.00 $9,084.87 $0.00 $109,018.40 N/A N/A No
Loan 9 43 Sentry Self Storage 0.00050% Actual/360 0 No 121 121 1 1 360 360 7/7/2020 8/1/2020 9/1/2020 8/1/2030 8/1/2030 $10,128.45 $7,511.02 $121,541.40 $90,132.24 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
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
Loan 5,7,8,9,10,11 1 The Liz N/A N/A 1.60x N/A 1.57x 63.9% 63.9% 0 0 Sixth LO(24);DEF(93);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan   2 Bayview Corporate Tower N/A 1.59x 2.12x 1.50x 2.00x 64.3% 55.0% 0 0 Sixth LO(24);DEF(91);O(5)     $8,400,924 $3,850,261 $4,550,664 12/31/2018 7.8% $8,578,188 $4,083,130
Loan 6,7,12 3 FTERE Bronx Portfolio 5 N/A N/A 2.18x N/A 2.13x 67.3% 67.3% 5 5 First LO(28);DEF(85);O(7)     $6,130,182 $2,083,582 $4,046,600 12/31/2018 7.5% $6,296,085 $2,009,122
Property   3.01 3031 & 3041 Holland Avenue                           $1,643,674 $682,355 $961,319 12/31/2018   $1,656,376 $710,252
Property   3.02 610 Trinity Avenue                           $1,449,206 $484,077 $965,129 12/31/2018   $1,458,506 $490,083
Property   3.03 2770-2780 Kingsbridge Terrace                           $1,050,306 $432,829 $617,477 12/31/2018   $1,141,319 $302,917
Property   3.04 1787-1791 Walton Avenue                           $1,039,200 $220,903 $818,297 12/31/2018   $1,050,806 $229,819
Property   3.05 75 West 190th Street                           $947,796 $263,418 $684,378 12/31/2018   $989,078 $276,051
Loan 6,12 4 Texas Multifamily Portfolio N/A 1.56x N/A 1.46x N/A 64.4% 51.7% 0 0 Sixth LO(28);YM1(88);O(4) A   $6,713,817 $3,541,072 $3,172,745 12/31/2018 6.0% $8,944,696 $4,165,298
Property   4.01 The Presidio Apartments                           $3,062,708 $1,605,012 $1,457,696 12/31/2018   $3,169,113 $1,645,502
Property   4.02 Ravenwood Apartments                           $597,364 $431,050 $166,314 12/31/2018   $2,451,167 $1,043,959
Property   4.03 Laguna Azul Apartments                           $1,499,191 $791,580 $707,611 12/31/2018   $1,703,032 $786,795
Property   4.04 Pebble Walk Apartments                           $1,554,555 $713,430 $841,126 12/31/2018   $1,621,384 $689,042
Loan 5,8,13,14 5 525 Market Street N/A N/A 4.38x N/A 4.29x 37.0% 37.0% 10 (Once per calendar year) 0 Sixth LO(24);YM1(5);DEF/YM1(84);O(7) B   $40,286,941 $13,897,618 $26,389,323 12/31/2017 5.6% $57,838,260 $14,626,201
Loan 5,8,15,16 6 Bellagio Hotel and Casino N/A N/A 8.80x N/A 8.42x 39.3% 39.3% 0 0 Fifth YM0.5(31);DEF/YM0.5(82);O(7) C   $1,365,570,769 $859,834,535 $505,736,234 12/31/2017 30.2% $1,367,835,267 $877,969,225
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue N/A N/A 1.90x N/A 1.88x 65.0% 65.0% 0 0 Sixth LO(28);DEF(88);O(4)     $3,131,843 $543,573 $2,588,269 12/31/2018 8.0% $3,256,567 $824,539
Property   7.01 3210 Riverdale Avenue                           $1,721,704 $325,609 $1,396,096 12/31/2018   $1,788,961 $351,494
Property   7.02 1616 Amsterdam Avenue                           $1,410,138 $217,965 $1,192,173 12/31/2018   $1,467,606 $473,045
Loan 8,9 8 UHG Optum Health Campus N/A N/A 3.43x N/A 3.34x 50.6% 50.6% 0 0 Sixth LO(25);YM1(91);O(5) D   N/A N/A N/A N/A N/A N/A N/A
Loan   9 235 Canal Street N/A N/A 3.37x N/A 3.06x 39.2% 39.2% 0 5 First LO(24);DEF(92);O(4)     $4,900,445 $1,431,084 $3,469,361 12/31/2017 14.5% $5,367,000 $1,527,135
Loan 5,6,7 10 Bushwick Multifamily Portfolio N/A N/A 1.84x N/A 1.82x 67.5% 67.5% 0 0 Sixth LO(28);DEF(89);O(3)     $4,164,811 $687,857 $3,476,955 12/31/2018 6.7% $4,288,796 $550,295
Property   10.01 276 Nostrand Avenue                           $1,543,466 $194,200 $1,349,267 12/31/2018   $1,744,107 $208,219
Property   10.02 70 Bushwick Avenue                           $800,858 $184,636 $616,223 12/31/2018   $709,280 $87,818
Property   10.03 894 Bushwick Avenue                           $685,867 $102,620 $583,247 12/31/2018   $669,179 $57,720
Property   10.04 679 Grand Street                           $447,665 $74,643 $373,022 12/31/2018   $494,283 $55,632
Property   10.05 735 & 737 Bushwick Avenue                           $270,696 $54,177 $216,520 12/31/2018   $227,479 $82,990
Property   10.06 17 Troutman Street                           $258,343 $45,996 $212,347 12/31/2018   $261,257 $38,491
Property   10.07 934 Lafayette Avenue                           $157,915 $31,585 $126,330 12/31/2018   $183,211 $19,425
Loan 8,9 11 Palms at Cinco Ranch N/A N/A 2.21x N/A 2.14x 63.8% 63.8% 0 5 First LO(24);YM1(92);O(5) E   $2,611,035 $1,447,609 $1,163,426 12/31/2018 5.4% $3,352,426 $1,591,267
Loan 5 12 HPE Campus N/A N/A 2.75x N/A 2.71x 64.8% 64.8% 5 0 Sixth LO(28);DEF(88);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan   13 Broadway & Thomas N/A N/A 2.44x N/A 2.43x 60.3% 60.3% 0 0 Sixth LO(29);YM1(86);O(5) F   N/A N/A N/A N/A N/A N/A N/A
Loan 6,9 14 New Haven Multifamily Portfolio N/A 1.47x 1.98x 1.42x 1.90x 57.8% 50.6% 5 5 First LO(24);DEF(93);O(4)     $3,158,828 $1,513,228 $1,645,600 12/31/2018 9.4% $2,842,471 $1,309,151
Property   14.01 Chapel Street and Sherman Avenue                           $896,549 $459,234 $437,315 12/31/2018   $713,378 $332,924
Property   14.02 Howe Street and Lynwood Place                           $545,002 $234,624 $310,378 12/31/2018   $525,834 $237,723
Property   14.03 Ellsworth Avenue                           $467,652 $229,225 $238,427 12/31/2018   $537,035 $218,509
Property   14.04 Colby Court                           $485,242 $190,750 $294,492 12/31/2018   $490,247 $191,163
Property   14.05 Park Street and Elm Street                           $351,192 $160,914 $190,278 12/31/2018   $329,604 $169,525
Property   14.06 Bradley Street and Trumbull Street                           $413,191 $238,481 $174,710 12/31/2018   $246,373 $159,307
Loan   15 Katella Corporate Center N/A N/A 2.90x N/A 2.73x 62.6% 62.6% 0 0 Sixth LO(28);DEF(87);O(5)     $2,323,132 $680,529 $1,642,603 12/31/2018 9.7% $2,387,052 $677,428
Loan 6,7,12 16 Bronx Multifamily Portfolio V N/A N/A 2.02x N/A 1.95x 63.8% 63.8% 5 5 First LO(27);DEF(86);O(7)     $1,749,453 $715,600 $1,033,853 12/31/2018 6.7% $1,781,209 $721,715
Property   16.01 1901 Grand Concourse                           $899,554 $314,718 $584,836 12/31/2018   $921,170 $296,365
Property   16.02 667 East 232nd Street                           $849,899 $400,882 $449,017 12/31/2018   $860,039 $425,350
Loan 5 17 Ralph Lauren HQ New Jersey N/A N/A 3.03x N/A 3.00x 59.4% 59.4% 0 5 First LO(28);DEF(88);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan   18 The Court at Hamilton N/A N/A 2.47x N/A 2.27x 66.8% 66.8% 5 5 First LO(28);DEF(88);O(4)     $1,907,316 $1,173,869 $733,447 12/31/2017 5.7% $1,551,563 $426,825
Loan   19 Gleneagles Shopping Center N/A 1.52x 2.09x 1.41x 1.94x 69.0% 60.1% 5 5 First LO(23);YM1(90);O(7) G   $1,542,794 $430,444 $1,112,350 12/31/2017 9.3% $1,476,661 $455,229
Loan 6,7,9 20 Walgreens & Dollar General Portfolio N/A 1.81x 2.62x 1.80x 2.59x 64.6% 51.1% 0 0 Sixth LO(24);DEF(93);O(4)     N/A N/A N/A N/A N/A N/A N/A
Property   20.01 Walgreens, Excelsior Springs, MO                           N/A N/A N/A N/A   N/A N/A
Property   20.02 Walgreens, Kilmarnock, VA                           N/A N/A N/A N/A   N/A N/A
Property   20.03 Dollar General, Cynthiana, KY                           N/A N/A N/A N/A   N/A N/A
Property   20.04 Dollar General, Fairview, KY                           N/A N/A N/A N/A   N/A N/A
Property   20.05 Dollar General, Wheatland, MO                           N/A N/A N/A N/A   N/A N/A
Property   20.06 Dollar General, Parkers Lake, KY                           N/A N/A N/A N/A   N/A N/A
Property   20.07 Dollar General, London, KY                           N/A N/A N/A N/A   N/A N/A
Loan 6,9 21 BC Storage Portfolio N/A 1.93x 2.85x 1.88x 2.78x 55.1% 47.4% 5 5 First LO(24);YM1(91);O(5) H   $1,154,043 $296,607 $857,436 12/31/2018 9.0% $1,271,976 $273,606
Property   21.01 Burns                           $763,663 $153,245 $610,418 12/31/2018   $797,828 $140,153
Property   21.02 White Bluff                           $200,713 $72,251 $128,462 12/31/2018   $269,770 $69,731
Property   21.03 Dickson                           $189,668 $71,111 $118,557 12/31/2018   $204,377 $63,722
Loan 9 22 514 West 211th Street N/A N/A 3.03x N/A 2.96x 61.8% 61.8% 5 5 First LO(24);DEF(93);O(4)     $1,205,150 $419,592 $785,558 12/31/2018 8.4% $1,222,819 $421,069
Loan 9,17 23 51 Columbia N/A N/A 2.57x N/A 2.44x 50.8% 50.8% 0 0 First LO(24);DEF(93);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan 9 24 89-16 175 Street N/A N/A 2.01x N/A 1.96x 66.1% 66.1% 5 5 First LO(24);YM1(92);O(5) I   $1,253,857 $211,610 $1,042,247 12/31/2018 12.4% $1,291,488 $213,937
Loan   25 Independence Plaza N/A N/A 3.48x N/A 3.12x 49.4% 49.4% 0 0 Sixth LO(24);YM1(92);O(4) J   $1,343,872 $431,684 $912,188 12/31/2018 11.6% $1,367,423 $419,228
Loan 7 26 14741 Memorial Drive N/A N/A 2.01x N/A 1.85x 65.1% 65.1% 5 5 First LO(29);DEF(86);O(5)     $592,691 $216,451 $376,241 12/31/2017 5.6% $666,766 $224,008
Loan 18 27 Carbon 550 N/A N/A 2.88x N/A 2.83x 63.3% 63.3% 0 0 Sixth LO(28);DEF(88);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan   28 9177 Ridgetop N/A N/A 2.71x N/A 2.70x 63.0% 63.0% 0 0 Sixth LO(28);DEF(88);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan 12 29 555 Grand Street Group 1 N/A 1.96x N/A 1.95x 63.8% 63.8% 0 0 Sixth LO(29);DEF(85);O(6)     N/A N/A N/A N/A N/A N/A N/A
Loan   30 96 Bedford Avenue Group 1 N/A 1.98x N/A 1.98x 61.8% 61.8% 0 0 Sixth LO(28);DEF(86);O(6)     N/A N/A N/A N/A N/A N/A N/A
Loan   31 Shops at Oak Forest N/A N/A 3.20x N/A 3.09x 54.8% 54.8% 5 5 First LO(27);DEF(88);O(5)     $889,699 $285,781 $603,918 12/31/2018 11.8% $916,854 $270,900
Loan 9 32 Sparta Self Storage N/A 1.61x 2.20x 1.59x 2.17x 64.8% 59.2% 0 0 Sixth LO(24);DEF(93);O(4)     $720,660 $263,407 $457,253 12/31/2018 10.3% $730,816 $226,805
Loan   33 Walden Court Apartments N/A 3.68x 5.37x 3.52x 5.14x 25.0% 21.5% 0 5 First LO(24);DEF(91);O(5)     $1,543,921 $738,508 $805,413 12/31/2018 18.7% $1,630,372 $836,162
Loan 6,8 34 Pangea 24 N/A N/A 3.65x N/A 3.49x 55.0% 55.0% 0 0 Sixth LO(27);DEF(87);O(6)     N/A N/A N/A N/A N/A N/A N/A
Property   34.01 109 North Laramie Avenue                           N/A N/A N/A N/A   N/A N/A
Property   34.02 5125 North Madison Street                           N/A N/A N/A N/A   N/A N/A
Property   34.03 4641 West Jackson Boulevard                           N/A N/A N/A N/A   N/A N/A
Property   34.04 8001 South Muskegon Avenue                           N/A N/A N/A N/A   N/A N/A
Property   34.05 8935 South Dauphin Avenue                           N/A N/A N/A N/A   N/A N/A
Property   34.06 15210 Chicago Road                           N/A N/A N/A N/A   N/A N/A
Loan   35 Fed Ex Mt. Pleasant N/A N/A 2.55x N/A 2.35x 53.0% 53.0% 0 0 Sixth LO(24);DEF(92);O(4)     $411,005 $10,161 $400,844 12/31/2018 9.5% $475,006 $11,496
Loan   36 600 University Office N/A 2.10x 2.93x 1.80x 2.51x 56.5% 46.5% 0 0 Sixth LO(27);DEF(89);O(4)     N/A N/A N/A N/A N/A $449,955 $185,199
Loan 9 37 Walgreens Charlotte, NC N/A N/A 2.40x N/A 2.31x 60.6% 60.6% 5 5 First LO(24);DEF(92);O(5)     N/A N/A N/A N/A N/A $375,000 $244
Loan   38 Hunter Ridge N/A 1.74x 2.36x 1.64x 2.23x 69.0% 60.3% 0 0 Sixth LO(29);DEF(87);O(4)     $632,618 $308,756 $323,862 12/31/2018 9.4% $638,877 $337,767
Loan   39 Hannah Del Estate MHC N/A 1.58x N/A 1.57x N/A 50.9% 41.2% 0 0 Sixth LO(24);DEF(92);O(4)     $310,428 $94,464 $215,964 12/31/2018 6.7% $374,553 $88,294
Loan 9 40 Fresenius Las Vegas N/A N/A 2.21x N/A 2.19x 57.7% 57.7% 5 5 First LO(24);DEF(93);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan   41 Walgreens Sycamore N/A N/A 1.93x N/A 1.91x 61.9% 61.9% 0 0 Sixth LO(24);DEF(92);O(4)     N/A N/A N/A N/A N/A N/A N/A
Loan   42 A1A Stow-A-Way Self Storage N/A N/A 2.96x N/A 2.92x 55.0% 55.0% 0 0 Sixth LO(24);DEF(93);O(3)     $481,009 $184,590 $296,419 12/31/2018 10.8% $525,693 $199,686
Loan 9 43 Sentry Self Storage N/A 2.01x 2.71x 1.95x 2.63x 75.0% 60.5% 5 5 First LO(24);DEF(93);O(4)     $370,041 $156,789 $213,252 12/31/2018 10.5% $406,513 $153,713
 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name 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
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 5,7,8,9,10,11 1 The Liz N/A N/A N/A $5,272,765 $1,916,596 $3,356,168 5/31/2020 TTM 3.6% 91.0% $8,762,579 $2,045,206 $6,717,372 7.5% $35,593 $81,717 $6,600,062 7.3%   Whitman-Walker
Loan   2 Bayview Corporate Tower $4,495,057 12/31/2019 7.7% $8,619,564 $4,038,083 $4,581,481 5/31/2020 TTM 7.8% 90.0% $10,427,312 $4,772,551 $5,654,762 9.7% $82,763 $229,516 $5,342,483 9.1%   CHG Companies
Loan 6,7,12 3 FTERE Bronx Portfolio 5 $4,286,963 12/31/2019 8.0% $6,040,812 $1,999,778 $4,041,034 5/31/2020 TTM 7.5% 98.0% $6,481,772 $2,218,268 $4,263,504 7.9% $100,859 $0 $4,162,646 7.7%    
Property   3.01 3031 & 3041 Holland Avenue $946,124 12/31/2019   $1,598,028 $717,611 $880,417 5/31/2020 TTM   98.0% $1,665,441 $737,750 $927,691   $26,750 $0 $900,941     N/A
Property   3.02 610 Trinity Avenue $968,423 12/31/2019   $1,380,479 $485,179 $895,300 5/31/2020 TTM   98.0% $1,478,078 $559,145 $918,933   $26,000 $0 $892,933     N/A
Property   3.03 2770-2780 Kingsbridge Terrace $838,402 12/31/2019   $1,102,263 $293,155 $809,108 5/31/2020 TTM   98.0% $1,200,233 $426,356 $773,877   $17,750 $0 $756,127     N/A
Property   3.04 1787-1791 Walton Avenue $820,987 12/31/2019   $1,016,921 $231,842 $785,079 5/31/2020 TTM   98.0% $1,118,355 $241,003 $877,352   $18,359 $0 $858,993     N/A
Property   3.05 75 West 190th Street $713,027 12/31/2019   $943,121 $271,991 $671,130 5/31/2020 TTM   98.0% $1,019,665 $254,014 $765,651   $12,000 $0 $753,651     N/A
Loan 6,12 4 Texas Multifamily Portfolio $4,779,398 12/31/2019 9.0% $8,979,825 $4,091,928 $4,887,898 5/31/2020 TTM 9.2% 91.5% $8,979,825 $4,187,187 $4,792,639 9.0% $310,200 $0 $4,482,439 8.5%    
Property   4.01 The Presidio Apartments $1,523,612 12/31/2019   $3,238,934 $1,630,172 $1,608,762 5/31/2020 TTM   92.8% $3,238,934 $1,660,230 $1,578,704   $93,900 $0 $1,484,804     N/A
Property   4.02 Ravenwood Apartments $1,407,208 12/31/2019   $2,386,366 $1,022,176 $1,364,190 5/31/2020 TTM   88.5% $2,386,366 $1,029,746 $1,356,620   $70,200 $0 $1,286,420     N/A
Property   4.03 Laguna Azul Apartments $916,237 12/31/2019   $1,720,921 $762,743 $958,178 5/31/2020 TTM   88.9% $1,720,921 $791,941 $928,980   $77,700 $0 $851,280     N/A
Property   4.04 Pebble Walk Apartments $932,342 12/31/2019   $1,633,604 $676,836 $956,768 5/31/2020 TTM   96.4% $1,633,604 $705,269 $928,335   $68,400 $0 $859,935     N/A
Loan 5,8,13,14 5 525 Market Street $43,212,060 12/31/2018 9.2% $57,053,048 $15,205,637 $41,847,411 11/30/2019 TTM 8.9% 95.0% $79,720,547 $18,212,365 $61,508,183 13.1% $186,151 $1,034,170 $60,287,862 12.8%   Amazon.com Services, Inc.
Loan 5,8,15,16 6 Bellagio Hotel and Casino $489,866,042 12/31/2018 29.2% $1,349,062,464 $874,997,149 $474,065,315 9/30/2019 TTM 28.3% 94.8% $1,349,062,464 $874,997,149 $474,065,315 28.3% $20,235,937 $0 $453,829,378 27.1%   N/A
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue $2,432,028 12/31/2019 7.5% $3,081,938 $763,258 $2,318,680 5/31/2020 TTM 7.1% 93.9% $3,285,092 $921,952 $2,363,140 7.3% $31,394 $0 $2,331,746 7.2%    
Property   7.01 3210 Riverdale Avenue $1,437,467 12/31/2019   $1,690,111 $342,191 $1,347,920 5/31/2020 TTM   94.8% $1,863,459 $396,607 $1,466,853   $15,410 $0 $1,451,443     N/A
Property   7.02 1616 Amsterdam Avenue $994,561 12/31/2019   $1,391,827 $421,067 $970,761 5/31/2020 TTM   92.6% $1,421,633 $525,346 $896,287   $15,984 $0 $880,303     New Tech Laundry
Loan 8,9 8 UHG Optum Health Campus N/A N/A N/A N/A N/A N/A N/A N/A 95.0% $5,279,228 $1,577,439 $3,701,789 13.9% $94,665 $0 $3,607,124 13.6%   United HealthCare Services, Inc. d/b/a Optum
Loan   9 235 Canal Street $3,839,865 12/31/2018 16.0% $5,242,681 $1,633,072 $3,609,609 12/31/2019 15.0% 77.0% $4,243,891 $1,634,985 $2,608,906 10.9% $9,164 $231,484 $2,368,258 9.9%   HSBC
Loan 5,6,7 10 Bushwick Multifamily Portfolio $3,738,501 12/31/2019 7.2% $4,380,686 $548,968 $3,831,718 4/30/2020 TTM 7.4% 95.0% $4,324,172 $567,555 $3,756,617 7.2% $27,752 $0 $3,728,865 7.2%    
Property   10.01 276 Nostrand Avenue $1,535,888 12/31/2019   $1,751,564 $223,263 $1,528,301 4/30/2020 TTM   95.0% $1,684,618 $250,087 $1,434,530   $10,500 $0 $1,424,030     The Jay Group Inc.
Property   10.02 70 Bushwick Avenue $621,462 12/31/2019   $733,379 $98,045 $635,334 4/30/2020 TTM   95.0% $754,504 $100,134 $654,370   $5,000 $0 $649,370     N/A
Property   10.03 894 Bushwick Avenue $611,459 12/31/2019   $669,721 $65,696 $604,025 4/30/2020 TTM   95.0% $643,586 $61,951 $581,635   $5,000 $0 $576,635     N/A
Property   10.04 679 Grand Street $438,651 12/31/2019   $499,447 $62,786 $436,660 4/30/2020 TTM   95.0% $486,508 $59,406 $427,101   $2,500 $0 $424,601     BK Jani
Property   10.05 735 & 737 Bushwick Avenue $144,489 12/31/2019   $275,656 $37,161 $238,495 4/30/2020 TTM   95.0% $316,866 $35,849 $281,017   $1,750 $0 $279,267     N/A
Property   10.06 17 Troutman Street $222,766 12/31/2019   $264,158 $42,215 $221,943 4/30/2020 TTM   95.0% $256,435 $41,036 $215,399   $2,002 $0 $213,397     N/A
Property   10.07 934 Lafayette Avenue $163,786 12/31/2019   $186,761 $19,802 $166,960 4/30/2020 TTM   95.0% $181,655 $19,092 $162,563   $1,000 $0 $161,563     N/A
Loan 8,9 11 Palms at Cinco Ranch $1,761,159 12/31/2019 8.2% $3,415,707 $1,516,662 $1,899,045 5/31/2020 TTM 8.8% 93.8% $3,415,707 $1,606,358 $1,809,349 8.4% $57,200 $0 $1,752,149 8.1%   N/A
Loan 5 12 HPE Campus N/A N/A N/A N/A N/A N/A N/A N/A 95.0% $9,694,440 $3,104,706 $6,589,734 9.9% $89,473 $0 $6,500,261 9.7%   Hewlett Packard Enterprise
Loan   13 Broadway & Thomas N/A N/A N/A N/A N/A N/A N/A N/A 95.0% $2,343,176 $508,227 $1,834,949 9.7% $12,931 $0 $1,822,018 9.6%   LA County Dept. of Health Offices
Loan 6,9 14 New Haven Multifamily Portfolio $1,533,320 12/31/2019 8.8% $2,744,164 $977,789 $1,766,375 5/31/2020 TTM 10.1% 93.0% $3,051,924 $1,491,909 $1,560,015 8.9% $60,500 $0 $1,499,515 8.6%    
Property   14.01 Chapel Street and Sherman Avenue $380,454 12/31/2019   $728,950 $268,994 $459,956 5/31/2020 TTM   96.9% $819,816 $376,088 $443,728   $17,750 $0 $425,978     Yale New Haven Hospital
Property   14.02 Howe Street and Lynwood Place $288,111 12/31/2019   $489,571 $133,702 $355,869 5/31/2020 TTM   95.2% $512,088 $268,191 $243,897   $8,250 $0 $235,647     Pike International
Property   14.03 Ellsworth Avenue $318,526 12/31/2019   $502,068 $185,246 $316,822 5/31/2020 TTM   97.6% $561,132 $264,068 $297,064   $11,750 $0 $285,314     N/A
Property   14.04 Colby Court $299,084 12/31/2019   $458,266 $146,085 $312,181 5/31/2020 TTM   97.0% $485,928 $219,551 $266,377   $8,500 $0 $257,877     N/A
Property   14.05 Park Street and Elm Street $160,079 12/31/2019   $347,771 $106,297 $241,474 5/31/2020 TTM   90.9% $403,440 $188,431 $215,009   $7,750 $0 $207,259     N/A
Property   14.06 Bradley Street and Trumbull Street $87,066 12/31/2019   $217,538 $137,465 $80,073 5/31/2020 TTM   71.2% $269,520 $175,580 $93,940   $6,500 $0 $87,440     N/A
Loan   15 Katella Corporate Center $1,709,624 12/31/2019 10.1% $2,498,400 $678,868 $1,819,532 5/31/2020 TTM 10.8% 92.5% $2,368,237 $676,790 $1,691,447 10.0% $16,243 $81,996 $1,593,208 9.4%   Discovery Practice Management, Inc.
Loan 6,7,12 16 Bronx Multifamily Portfolio V $1,059,494 12/31/2019 6.8% $1,716,511 $723,903 $992,608 5/31/2020 TTM 6.4% 98.0% $1,779,579 $651,516 $1,128,063 7.3% $37,454 $0 $1,090,609 7.0%    
Property   16.01 1901 Grand Concourse $624,805 12/31/2019   $907,756 $299,582 $608,174 5/31/2020 TTM   98.0% $917,880 $342,814 $575,065   $21,033 $0 $554,032     N/A
Property   16.02 667 East 232nd Street $434,689 12/31/2019   $808,755 $424,321 $384,434 5/31/2020 TTM   98.0% $861,699 $308,702 $552,997   $16,421 $0 $536,576     N/A
Loan 5 17 Ralph Lauren HQ New Jersey N/A N/A N/A N/A N/A N/A N/A N/A 97.0% $9,003,225 $3,527,720 $5,475,505 9.6% $51,016 $0 $5,424,489 9.5%   Ralph Lauren
Loan   18 The Court at Hamilton $1,124,739 12/31/2018 8.7% $1,622,786 $398,298 $1,224,488 12/31/2019 9.4% 95.8% $1,602,798 $450,792 $1,152,006 8.9% $6,202 $87,814 $1,057,990 8.2%   Walmart
Loan   19 Gleneagles Shopping Center $1,021,432 12/31/2018 8.5% $1,498,539 $412,537 $1,086,002 12/31/2019 9.1% 91.7% $1,519,754 $446,160 $1,073,594 8.9% $8,754 $68,039 $996,801 8.3%   Spec's Wines, Spirits & Finer Foods
Loan 6,7,9 20 Walgreens & Dollar General Portfolio N/A N/A N/A N/A N/A N/A N/A N/A 100.0% $1,111,407 $24,971 $1,086,436 10.2% $10,958 $0 $1,075,479 10.1%    
Property   20.01 Walgreens, Excelsior Springs, MO N/A N/A   N/A N/A N/A N/A   100.0% $355,605 $9,855 $345,750   $2,174 $0 $343,577     Walgreens
Property   20.02 Walgreens, Kilmarnock, VA N/A N/A   N/A N/A N/A N/A   100.0% $350,000 $7,000 $343,000   $2,223 $0 $340,777     Walgreens
Property   20.03 Dollar General, Cynthiana, KY N/A N/A   N/A N/A N/A N/A   100.0% $89,959 $1,799 $88,160   $1,365 $0 $86,795     Dollar General
Property   20.04 Dollar General, Fairview, KY N/A N/A   N/A N/A N/A N/A   100.0% $82,845 $1,657 $81,188   $1,365 $0 $79,823     Dollar General
Property   20.05 Dollar General, Wheatland, MO N/A N/A   N/A N/A N/A N/A   100.0% $81,254 $1,625 $79,629   $1,354 $0 $78,275     Dollar General
Property   20.06 Dollar General, Parkers Lake, KY N/A N/A   N/A N/A N/A N/A   100.0% $76,776 $1,536 $75,240   $1,123 $0 $74,117     Dollar General
Property   20.07 Dollar General, London, KY N/A N/A   N/A N/A N/A N/A   100.0% $74,968 $1,499 $73,469   $1,354 $0 $72,115     Dollar General
Loan 6,9 21 BC Storage Portfolio $998,370 12/31/2019 10.5% $1,302,316 $294,873 $1,007,443 4/30/2020 TTM 10.6% 81.7% $1,307,468 $294,572 $1,012,896 10.7% $26,483 $0 $986,413 10.4%    
Property   21.01 Burns $657,675 12/31/2019   $812,298 $151,883 $660,414 4/30/2020 TTM   89.0% $812,298 $151,780 $660,518   $16,727 $0 $643,791     N/A
Property   21.02 White Bluff $200,040 12/31/2019   $281,663 $75,504 $206,160 4/30/2020 TTM   61.8% $286,815 $75,430 $211,385   $5,589 $0 $205,796     N/A
Property   21.03 Dickson $140,655 12/31/2019   $208,355 $67,486 $140,869 4/30/2020 TTM   93.3% $208,355 $67,362 $140,993   $4,167 $0 $136,826     N/A
Loan 9 22 514 West 211th Street $801,750 12/31/2019 8.5% $1,241,322 $416,708 $824,614 5/31/2020 TTM 8.8% 97.0% $1,280,948 $417,282 $863,667 9.2% $19,750 $0 $843,917 9.0%   N/A
Loan 9,17 23 51 Columbia N/A N/A N/A N/A N/A N/A N/A N/A 90.0% $1,271,500 $449,585 $821,915 9.8% $6,860 $34,299 $780,756 9.3%   NeoGenomics Laboratories, Inc.
Loan 9 24 89-16 175 Street $1,077,551 12/31/2019 12.8% $1,265,514 $215,935 $1,049,579 5/31/2020 TTM 12.5% 95.7% $1,254,480 $605,795 $648,685 7.7% $14,179 $0 $634,506 7.6%   N/A
Loan   25 Independence Plaza $948,195 12/31/2019 12.1% $1,414,654 $415,428 $999,226 4/30/2020 TTM 12.7% 76.2% $1,463,434 $425,897 $1,037,537 13.2% $15,845 $90,380 $931,312 11.9%   BlueBallRoom Dance Studio & Club
Loan 7 26 14741 Memorial Drive $442,758 12/31/2018 6.6% $924,823 $294,994 $629,829 10/31/2019 TTM 9.4% 79.6% $818,856 $233,468 $585,388 8.8% $10,035 $34,807 $540,546 8.1%   La Hacienda
Loan 18 27 Carbon 550 N/A N/A N/A $470,334 $317,486 $152,848 12/31/2019 2.3% 93.0% $901,404 $232,702 $668,702 10.2% $10,000 $0 $658,702 10.1%   N/A
Loan   28 9177 Ridgetop N/A N/A N/A N/A N/A N/A N/A N/A 91.4% $820,212 $196,190 $624,022 9.9% $2,498 $0 $621,524 9.9%   Veteran Affairs
Loan 12 29 555 Grand Street N/A N/A N/A N/A N/A N/A N/A N/A 95.0% $500,004 $48,666 $451,338 7.2% $3,000 $0 $448,338 7.2%   N/A
Loan   30 96 Bedford Avenue N/A N/A N/A $492,883 $57,983 $434,900 12/31/2019 7.4% 97.0% $486,302 $55,420 $430,882 7.3% $2,000 $0 $428,882 7.3%   N/A
Loan   31 Shops at Oak Forest $645,954 12/31/2019 12.7% $885,284 $336,259 $549,025 5/31/2020 TTM 10.8% 95.0% $918,957 $322,395 $596,562 11.7% $3,831 $18,125 $574,606 11.3%   Massage Envy
Loan 9 32 Sparta Self Storage $504,011 12/31/2019 11.3% $697,914 $223,182 $474,731 5/31/2020 TTM 10.7% 87.3% $697,914 $271,032 $426,882 9.6% $5,098 $0 $421,785 9.5%   N/A
Loan   33 Walden Court Apartments $794,211 12/31/2019 18.5% $1,672,296 $822,534 $849,762 4/30/2020 TTM 19.8% 95.0% $1,693,228 $814,742 $878,486 20.4% $37,466 $0 $841,020 19.6%   N/A
Loan 6,8 34 Pangea 24 N/A N/A N/A $749,761 $311,894 $437,867 5/31/2020 TTM 10.3% 92.3% $894,422 $343,400 $551,022 12.9% $23,750 $0 $527,272 12.4%    
Property   34.01 109 North Laramie Avenue 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     N/A
Property   34.02 5125 North Madison Street 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     N/A
Property   34.03 4641 West Jackson Boulevard 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     N/A
Property   34.04 8001 South Muskegon Avenue 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     N/A
Property   34.05 8935 South Dauphin Avenue 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     N/A
Property   34.06 15210 Chicago Road 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     N/A
Loan   35 Fed Ex Mt. Pleasant $463,510 12/31/2019 11.0% $475,007 $1,003 $474,004 5/31/2020 TTM 11.3% 95.0% $518,443 $64,695 $453,749 10.8% $2,682 $32,867 $418,200 10.0%   FedEx Freight, Inc.
Loan   36 600 University Office $264,756 12/31/2019 6.8% $525,798 $192,510 $333,288 5/31/2020 TTM 8.5% 93.6% $690,143 $215,291 $474,852 12.2% $7,700 $60,000 $407,152 10.4%   State of Florida Department of Education
Loan 9 37 Walgreens Charlotte, NC $374,756 12/31/2018 10.7% $375,000 $327 $374,673 12/31/2019 10.7% 95.0% $366,404 $12,988 $353,416 10.1% $1,449 $11,592 $340,375 9.7%   Walgreens
Loan   38 Hunter Ridge $301,110 12/31/2019 8.7% $639,533 $330,612 $308,920 5/31/2020 TTM 9.0% 94.8% $683,896 $326,447 $357,449 10.4% $19,500 $0 $337,949 9.8%   N/A
Loan   39 Hannah Del Estate MHC $286,259 12/31/2019 8.9% $391,142 $79,155 $311,987 5/31/2020 TTM 9.7% 94.8% $391,142 $83,453 $307,689 9.6% $3,300 $0 $304,389 9.5%   N/A
Loan 9 40 Fresenius Las Vegas N/A N/A N/A $323,439 $46,794 $276,644 5/31/2020 T-5 Ann. 9.2% 95.0% $353,537 $81,385 $272,152 9.1% $2,090 $28 $270,034 9.0%   Fresenius Kidney Care
Loan   41 Walgreens Sycamore N/A N/A N/A N/A N/A N/A N/A N/A 100.0% $252,590 $5,052 $247,538 8.3% $2,268 $0 $245,270 8.2%   Walgreens
Loan   42 A1A Stow-A-Way Self Storage $326,007 12/31/2019 11.9% $528,233 $202,189 $326,044 5/31/2020 TTM 11.9% 91.8% $528,233 $206,074 $322,159 11.7% $4,305 $0 $317,854 11.6%   N/A
Loan 9 43 Sentry Self Storage $252,800 12/31/2019 12.5% $409,189 $157,277 $251,912 3/31/2020 TTM 12.4% 84.3% $412,708 $168,214 $244,494 12.1% $7,788 $0 $236,707 11.7%   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
  3rd Largest Tenant
Loan 5,7,8,9,10,11 1 The Liz 32,778 SF 8/31/2034; 2,834 SF 9/30/2029 35,612 25.4%   Goethe-Institut 10/31/2029 22,466 16.0%   Amazon Retail
Loan   2 Bayview Corporate Tower 1/31/2028 136,613 33.0%   Whole Foods Inc. 8/31/2023 33,827 8.2%   Central Reach
Loan 6,7,12 3 FTERE Bronx Portfolio 5                    
Property   3.01 3031 & 3041 Holland Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   3.02 610 Trinity Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   3.03 2770-2780 Kingsbridge Terrace N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   3.04 1787-1791 Walton Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   3.05 75 West 190th Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 6,12 4 Texas Multifamily Portfolio                    
Property   4.01 The Presidio Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   4.02 Ravenwood Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   4.03 Laguna Azul Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   4.04 Pebble Walk Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 5,8,13,14 5 525 Market Street 179278 SF (1/31/2028); 28734 SF (4/30/2029); 114434 SF (2/28/2030); 86115 SF (1/31/2031) 408,561 39.5%   Sephora USA, Inc. 110830 SF (10/31/2021); 56467 SF (10/31/2023) 167,297 16.2%   Wells Fargo Bank, N.A.
Loan 5,8,15,16 6 Bellagio Hotel and Casino N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue                    
Property   7.01 3210 Riverdale Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   7.02 1616 Amsterdam Avenue 6/30/2025 1,500 37.8%   1622 Amsterdam Grocery 8/31/2022 1,100 27.7%   OSO Hamilton Heights
Loan 8,9 8 UHG Optum Health Campus 12/12/2023 473,325 100.0%   N/A N/A N/A N/A   N/A
Loan   9 235 Canal Street 7/31/2028 9,827 25.4%   Charles B. Wang 12/31/2023 7,000 18.1%   Mount Sinai
Loan 5,6,7 10 Bushwick Multifamily Portfolio                    
Property   10.01 276 Nostrand Avenue 12/31/2029 1,500 39.0%   Lofts and Flats, LLC 9/30/2023 720 18.7%   Lotus Threading I, Corp.
Property   10.02 70 Bushwick Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   10.03 894 Bushwick Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   10.04 679 Grand Street 7/31/2028 1,300 100.0%   N/A N/A N/A N/A   N/A
Property   10.05 735 & 737 Bushwick Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   10.06 17 Troutman Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   10.07 934 Lafayette Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 8,9 11 Palms at Cinco Ranch N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 5 12 HPE Campus 4/30/2030 447,364 100.0%   N/A N/A N/A N/A   N/A
Loan   13 Broadway & Thomas 10/25/2034 43,307 83.7%   Western Dental 8/31/2030 4,344 8.4%   BurgerIM
Loan 6,9 14 New Haven Multifamily Portfolio                    
Property   14.01 Chapel Street and Sherman Avenue 8/30/2020 2,056 3.9%   N/A N/A N/A N/A   N/A
Property   14.02 Howe Street and Lynwood Place 12/31/2024 4,721 16.6%   N/A N/A N/A N/A   N/A
Property   14.03 Ellsworth Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   14.04 Colby Court N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   14.05 Park Street and Elm Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   14.06 Bradley Street and Trumbull Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   15 Katella Corporate Center 12,691 SF (6/30/2023); 10,124 SF (4/30/2021); 5,044 SF (9/30/2025) 27,859 34.3%   Pathways Community Services, LLC 6/30/2021 11,348 14.0%   OptumCare Management (FKA HealthCare Partners)
Loan 6,7,12 16 Bronx Multifamily Portfolio V                    
Property   16.01 1901 Grand Concourse N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   16.02 667 East 232nd Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 5 17 Ralph Lauren HQ New Jersey 12/31/2035 255,018 100.0%   N/A N/A N/A N/A   N/A
Loan   18 The Court at Hamilton 10/31/2036 150,000 77.3%   Rainbow 1/31/2022 7,850 4.0%   Snipes
Loan   19 Gleneagles Shopping Center 3/31/2032 12,503 31.4%   Vitamin Shoppe 4/30/2023 4,940 12.4%   Red Mountain Weight Loss
Loan 6,7,9 20 Walgreens & Dollar General Portfolio                    
Property   20.01 Walgreens, Excelsior Springs, MO 2/28/2034 14,490 100.0%   N/A N/A N/A N/A   N/A
Property   20.02 Walgreens, Kilmarnock, VA 3/31/2033 14,820 100.0%   N/A N/A N/A N/A   N/A
Property   20.03 Dollar General, Cynthiana, KY 8/19/2034 9,100 100.0%   N/A N/A N/A N/A   N/A
Property   20.04 Dollar General, Fairview, KY 7/19/2034 9,100 100.0%   N/A N/A N/A N/A   N/A
Property   20.05 Dollar General, Wheatland, MO 4/30/2035 9,026 100.0%   N/A N/A N/A N/A   N/A
Property   20.06 Dollar General, Parkers Lake, KY 6/30/2034 7,489 100.0%   N/A N/A N/A N/A   N/A
Property   20.07 Dollar General, London, KY 6/30/2033 9,026 100.0%   N/A N/A N/A N/A   N/A
Loan 6,9 21 BC Storage Portfolio                    
Property   21.01 Burns N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   21.02 White Bluff N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   21.03 Dickson N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 9 22 514 West 211th Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 9,17 23 51 Columbia 1/31/2035 34,299 100.0%   N/A N/A N/A N/A   N/A
Loan 9 24 89-16 175 Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   25 Independence Plaza 06/30/2032 8,005 10.1%   Meridian Bank 2/28/2023 6,050 7.6%   Breakwater Accounting
Loan 7 26 14741 Memorial Drive 12/31/2021 5,551 17.7%   Original Napoli Restaurant and Gourmet Burgers 2/28/2021 2,450 7.8%   Viet Urban Kitchen
Loan 18 27 Carbon 550 N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   28 9177 Ridgetop 10/14/2039 14,877 89.5%   N/A N/A N/A N/A   N/A
Loan 12 29 555 Grand Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   30 96 Bedford Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   31 Shops at Oak Forest 12/31/2023 3,127 13.9%   Plonk! 1/31/2024 2,611 11.6%   Sweet Frog
Loan 9 32 Sparta Self Storage N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   33 Walden Court Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 6,8 34 Pangea 24                    
Property   34.01 109 North Laramie Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   34.02 5125 North Madison Street N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   34.03 4641 West Jackson Boulevard N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   34.04 8001 South Muskegon Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   34.05 8935 South Dauphin Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A
Property   34.06 15210 Chicago Road N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   35 Fed Ex Mt. Pleasant 5/6/2030 26,815 100.0%   N/A N/A N/A N/A   N/A
Loan   36 600 University Office 11/14/2025 13,537 35.2%   State of Florida Department of Financial Services 3/31/2025 4,475 11.6%   Attorneys Title Fund Services
Loan 9 37 Walgreens Charlotte, NC 12/31/2030 14,490 100.0%   N/A N/A N/A N/A   N/A
Loan   38 Hunter Ridge N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan   39 Hannah Del Estate MHC N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 9 40 Fresenius Las Vegas 2/28/2029 10,451 100.0%   N/A N/A N/A N/A   N/A
Loan   41 Walgreens Sycamore 01/31/2040 15,120 100.0%   N/A N/A N/A N/A   N/A
Loan   42 A1A Stow-A-Way Self Storage N/A N/A N/A   N/A N/A N/A N/A   N/A
Loan 9 43 Sentry Self Storage N/A 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 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
4th Largest
Tenant
% of NSF
  5th Largest Tenant 5th Largest
Tenant Lease
Expiration(4)
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
Loan 5,7,8,9,10,11 1 The Liz 11/30/2029 9,304 6.6%   Sephora 1/31/2030 5,823 4.2%   Bluestone Lane 2/28/2030 2,270 1.6%
Loan   2 Bayview Corporate Tower 11/30/2027 25,503 6.2%   Envision Pharm 06/30/2027 23,026 5.6%   Kovack Securities Inc 12/31/2021 16,769 4.1%
Loan 6,7,12 3 FTERE Bronx Portfolio 5                          
Property   3.01 3031 & 3041 Holland Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   3.02 610 Trinity Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   3.03 2770-2780 Kingsbridge Terrace N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   3.04 1787-1791 Walton Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   3.05 75 West 190th Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 6,12 4 Texas Multifamily Portfolio                          
Property   4.01 The Presidio Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   4.02 Ravenwood Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   4.03 Laguna Azul Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   4.04 Pebble Walk Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 5,8,13,14 5 525 Market Street 113035 SF (6/30/2025); 28109 SF (5/28/2026); 1785 SF (6/29/2023) 142,929 13.8%   Cloudera, Inc. 5/31/2025 57,272 5.5%   Zurich American Insurance Company 11/30/2022 39,923 3.9%
Loan 5,8,15,16 6 Bellagio Hotel and Casino N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue                          
Property   7.01 3210 Riverdale Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   7.02 1616 Amsterdam Avenue 11/30/2025 935 23.6%   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 8,9 8 UHG Optum Health Campus N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   9 235 Canal Street 4/30/2030 3,625 9.4%   Yong Mei Liu 6/30/2021 118 0.3%   Colossal Media 6/30/2024 0  
Loan 5,6,7 10 Bushwick Multifamily Portfolio                          
Property   10.01 276 Nostrand Avenue 9/30/2028 625 16.3%   Burly Café, Inc. 3/31/2031 600 15.6%   G-Line Barbers, LLC 5/31/2023 400 10.4%
Property   10.02 70 Bushwick Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.03 894 Bushwick Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.04 679 Grand Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.05 735 & 737 Bushwick Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.06 17 Troutman Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   10.07 934 Lafayette Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 8,9 11 Palms at Cinco Ranch N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 5 12 HPE Campus N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   13 Broadway & Thomas 5/31/2029 2,011 3.9%   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 6,9 14 New Haven Multifamily Portfolio                          
Property   14.01 Chapel Street and Sherman Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   14.02 Howe Street and Lynwood Place N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   14.03 Ellsworth Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   14.04 Colby Court N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   14.05 Park Street and Elm Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   14.06 Bradley Street and Trumbull Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   15 Katella Corporate Center 5/31/2021 7,533 9.3%   CTL LAX, Inc. 4,180 SF (11/30/2022); 1,774 SF (12/31/2020) 5,954 7.3%   YAO Yang Enterprises 1/31/2022 3,017 3.7%
Loan 6,7,12 16 Bronx Multifamily Portfolio V                          
Property   16.01 1901 Grand Concourse N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   16.02 667 East 232nd Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 5 17 Ralph Lauren HQ New Jersey N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   18 The Court at Hamilton 10/31/2026 6,305 3.2%   Capital Health Primary Care 3/31/2030 6,000 3.1%   Jay Beauty Supply 10/31/2026 5,359 2.8%
Loan   19 Gleneagles Shopping Center 9/30/2023 4,375 11.0%   SOI Brow 12/31/2029 2,500 6.3%   Snappy Salads Three 7/31/2026 2,412 6.1%
Loan 6,7,9 20 Walgreens & Dollar General Portfolio                          
Property   20.01 Walgreens, Excelsior Springs, MO N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   20.02 Walgreens, Kilmarnock, VA N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   20.03 Dollar General, Cynthiana, KY N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   20.04 Dollar General, Fairview, KY N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   20.05 Dollar General, Wheatland, MO N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   20.06 Dollar General, Parkers Lake, KY N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   20.07 Dollar General, London, KY N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 6,9 21 BC Storage Portfolio                          
Property   21.01 Burns N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   21.02 White Bluff N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   21.03 Dickson N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 9 22 514 West 211th Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 9,17 23 51 Columbia N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 9 24 89-16 175 Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   25 Independence Plaza 6/30/2022 4,000 5.0%   Melting Pot 05/31/2024 3,700 4.7%   Takumi Restaurant 8/31/2023 3,366 4.2%
Loan 7 26 14741 Memorial Drive 9/30/2024 2,250 7.2%   Vellisimo Salon & Spa 7/31/2022 1,800 5.7%   Memorial Post Center 2/29/2024 1,800 5.7%
Loan 18 27 Carbon 550 N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   28 9177 Ridgetop N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 12 29 555 Grand Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   30 96 Bedford Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   31 Shops at Oak Forest 10/31/2021 2,069 9.2%   Texan Nails Spa 11/30/2023 1,625 7.2%   Mathew Naftis, DDS 4/30/2024 1,625 7.2%
Loan 9 32 Sparta Self Storage N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   33 Walden Court Apartments N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 6,8 34 Pangea 24                          
Property   34.01 109 North Laramie Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   34.02 5125 North Madison Street N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   34.03 4641 West Jackson Boulevard N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   34.04 8001 South Muskegon Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   34.05 8935 South Dauphin Avenue N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Property   34.06 15210 Chicago Road N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   35 Fed Ex Mt. Pleasant N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   36 600 University Office 7/31/2024 2,500 6.5%   N8 Potential Holdings PLLC - DBA  Dynamic Life 6/30/2024 1,876 4.9%   State of Florida Department of Health 3/31/2025 1,435 3.7%
Loan 9 37 Walgreens Charlotte, NC N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   38 Hunter Ridge N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   39 Hannah Del Estate MHC N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 9 40 Fresenius Las Vegas N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   41 Walgreens Sycamore N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan   42 A1A Stow-A-Way Self Storage N/A N/A N/A   N/A N/A N/A N/A   N/A N/A N/A N/A
Loan 9 43 Sentry Self Storage N/A N/A N/A   N/A 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   Upfront
Replacement
Reserves
Monthly
Replacement
Reserves
Replacement
Reserve Cap
Upfront TI/LC
 Reserves
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
Loan 5,7,8,9,10,11 1 The Liz   $3,265,918 $2,966 $0 $1,308,942 $10,215 $0 $135,462 $22,577 $80,214 $6,417 $0 $3,117,459 $0
Loan   2 Bayview Corporate Tower   $0 $6,897 $0 $5,400,000 $34,484 $5,400,000 $655,742 $81,968 $69,220 $69,220 $22,619 $4,131,192 $0
Loan 6,7,12 3 FTERE Bronx Portfolio 5   $0 $8,405 $0 $0 $0 $0 $53,971 $53,971 $0 $0 $22,000 $1,450,000 $0
Property   3.01 3031 & 3041 Holland Avenue                            
Property   3.02 610 Trinity Avenue                            
Property   3.03 2770-2780 Kingsbridge Terrace                            
Property   3.04 1787-1791 Walton Avenue                            
Property   3.05 75 West 190th Street                            
Loan 6,12 4 Texas Multifamily Portfolio   $0 $25,900 $0 $0 $0 $0 $351,713 $117,238 $69,172 $18,339 $1,123,550 $0 $0
Property   4.01 The Presidio Apartments                            
Property   4.02 Ravenwood Apartments                            
Property   4.03 Laguna Azul Apartments                            
Property   4.04 Pebble Walk Apartments                            
Loan 5,8,13,14 5 525 Market Street   $0 $0 $413,616 $0 $0 $2,068,082 $0 $0 $0 $0 $0 $41,391,428 $0
Loan 5,8,15,16 6 Bellagio Hotel and Casino   $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue   $0 $2,616 $0 $0 $0 $0 $85,815 $28,605 $82,167 $6,811 $158,220 $0 $0
Property   7.01 3210 Riverdale Avenue                            
Property   7.02 1616 Amsterdam Avenue                            
Loan 8,9 8 UHG Optum Health Campus   $0 $7,889 $0 $0 $0 $0 $0 $0 $0 $0 $122,500 $0 $0
Loan   9 235 Canal Street   $0 $764 $0 $0 $19,023 $0 $674,625 $96,375 $39,351 $3,977 $4,750 $94,000 $0
Loan 5,6,7 10 Bushwick Multifamily Portfolio   $0 $2,313 $0 $0 $0 $0 $31,856 $9,102 $23,137 $5,784 $0 $0 $0
Property   10.01 276 Nostrand Avenue                            
Property   10.02 70 Bushwick Avenue                            
Property   10.03 894 Bushwick Avenue                            
Property   10.04 679 Grand Street                            
Property   10.05 735 & 737 Bushwick Avenue                            
Property   10.06 17 Troutman Street                            
Property   10.07 934 Lafayette Avenue                            
Loan 8,9 11 Palms at Cinco Ranch   $0 $4,767 $0 $0 $0 $0 $499,610 $49,961 $85,271 $11,573 $0 $409,814 $0
Loan 5 12 HPE Campus   $0 $7,456 $268,419 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Loan   13 Broadway & Thomas   $0 $1,078 $38,792 $158,875 $2,155 $51,722 $19,122 $9,561 $19,772 $1,318 $0 $94,722 $0
Loan 6,9 14 New Haven Multifamily Portfolio   $0 $5,042 $0 $0 $0 $0 $77,653 $38,827 $63,058 $13,226 $99,669 $462,283 $0
Property   14.01 Chapel Street and Sherman Avenue                            
Property   14.02 Howe Street and Lynwood Place                            
Property   14.03 Ellsworth Avenue                            
Property   14.04 Colby Court                            
Property   14.05 Park Street and Elm Street                            
Property   14.06 Bradley Street and Trumbull Street                            
Loan   15 Katella Corporate Center   $0 $1,354 $0 $100,000 $6,833 $250,000 $39,503 $19,752 $8,330 $1,041 $0 $0 $0
Loan 6,7,12 16 Bronx Multifamily Portfolio V   $0 $3,121 $0 $0 $0 $0 $28,284 $28,284 $0 $0 $30,818 $0 $0
Property   16.01 1901 Grand Concourse                            
Property   16.02 667 East 232nd Street                            
Loan 5 17 Ralph Lauren HQ New Jersey   $0 $4,251 $51,016 $0 $0 $0 $293,602 $97,867 $0 $6,222 $0 $9,180,393 $0
Loan   18 The Court at Hamilton   $0 $551 $13,232 $0 $1,286 $30,874 $32,874 $16,437 $0 $0 $0 $8,000 $0
Loan   19 Gleneagles Shopping Center   $0 $729 $0 $0 $2,487 $119,367 $73,036 $18,259 $0 $0 $0 $0 $0
Loan 6,7,9 20 Walgreens & Dollar General Portfolio   $0 $0 $0 $0 $0 $0 $41,927 $4,193 $914 $229 $0 $0 $0
Property   20.01 Walgreens, Excelsior Springs, MO                            
Property   20.02 Walgreens, Kilmarnock, VA                            
Property   20.03 Dollar General, Cynthiana, KY                            
Property   20.04 Dollar General, Fairview, KY                            
Property   20.05 Dollar General, Wheatland, MO                            
Property   20.06 Dollar General, Parkers Lake, KY                            
Property   20.07 Dollar General, London, KY                            
Loan 6,9 21 BC Storage Portfolio   $0 $2,207 $0 $0 $0 $0 $55,320 $5,532 $0 $0 $28,701 $0 $0
Property   21.01 Burns                            
Property   21.02 White Bluff                            
Property   21.03 Dickson                            
Loan 9 22 514 West 211th Street   $0 $1,646 $0 $0 $0 $0 $24,640 $8,213 $3,693 $3,693 $19,625 $0 $0
Loan 9,17 23 51 Columbia   $34,299 $0 $0 $0 $0 $0 $99,750 $14,250 $5,376 $896 $0 $242,195 $0
Loan 9 24 89-16 175 Street   $0 $1,182 $14,179 $0 $0 $0 $15,868 $15,868 $0 $0 $7,500 $0 $0
Loan   25 Independence Plaza   $63,381 $1,304 $63,381 $316,904 $6,519 $316,904 $86,422 $8,642 $13,784 $1,969 $10,000 $547,943 $0
Loan 7 26 14741 Memorial Drive   $30,000 $836 $0 $0 $2,613 $156,790 $9,722 $4,861 $0 $0 $45,000 $19,302 $0
Loan 18 27 Carbon 550   $0 $833 $0 $0 $0 $0 $855 $428 $3,530 $1,765 $0 $0 $0
Loan   28 9177 Ridgetop   $0 $208 $9,992 $0 $0 $0 $0 $5,158 $1,649 $275 $0 $0 $0
Loan 12 29 555 Grand Street   $0 $250 $10,000 $0 $0 $0 $0 $5,619 $2,164 $668 $0 $0 $0
Loan   30 96 Bedford Avenue   $0 $167 $10,000 $0 $0 $0 $1,330 $1,330 $4,308 $568 $0 $0 $0
Loan   31 Shops at Oak Forest   $0 $319 $0 $150,000 $0 $150,000 $42,495 $14,165 $0 $0 $0 $0 $0
Loan 9 32 Sparta Self Storage   $0 $850 $30,585 $0 $0 $0 $18,583 $9,292 $2,581 $860 $11,250 $0 $0
Loan   33 Walden Court Apartments   $0 $3,122 $0 $0 $0 $0 $118,877 $10,807 $0 $3,174 $12,250 $0 $0
Loan 6,8 34 Pangea 24   $0 $1,979 $71,250 $0 $0 $0 $35,152 $7,030 $16,311 $1,359 $0 $0 $0
Property   34.01 109 North Laramie Avenue                            
Property   34.02 5125 North Madison Street                            
Property   34.03 4641 West Jackson Boulevard                            
Property   34.04 8001 South Muskegon Avenue                            
Property   34.05 8935 South Dauphin Avenue                            
Property   34.06 15210 Chicago Road                            
Loan   35 Fed Ex Mt. Pleasant   $0 $223 $0 $0 $2,235 $0 $0 $0 $0 $0 $0 $0 $0
Loan   36 600 University Office   $0 $645 $0 $0 $5,000 $240,000 $12,613 $2,102 $34,106 $2,436 $0 $292,543 $0
Loan 9 37 Walgreens Charlotte, NC   $2,898 $0 $2,898 $0 $966 $0 $52,065 $4,005 $394 $197 $0 $0 $0
Loan   38 Hunter Ridge   $0 $1,625 $150,000 $0 $0 $0 $20,717 $5,179 $22,688 $2,063 $25,000 $354,375 $0
Loan   39 Hannah Del Estate MHC   $0 $275 $0 $0 $0 $0 $29,731 $3,303 $1,027 $514 $0 $0 $0
Loan 9 40 Fresenius Las Vegas   $0 $174 $6,270 $0 $0 $0 $1,080 $1,080 $3,352 $419 $0 $0 $0
Loan   41 Walgreens Sycamore   $0 $189 $0 $0 $0 $0 $0 $0 $560 $280 $0 $0 $0
Loan   42 A1A Stow-A-Way Self Storage   $0 $359 $15,000 $0 $0 $0 $22,167 $2,463 $14,187 $1,526 $0 $0 $0
Loan 9 43 Sentry Self Storage   $0 $649 $23,363 $0 $0 $0 $13,835 $2,767 $12,282 $1,023 $10,091 $31,690 $0
 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name Other Reserves Description   Appraisal
Report Date
Environmental
Phase I
Report Date
Environmental
Phase II
Report Date
Engineering
Report Date
Seismic
Report Date
Seismic Zone (Y/N) PML %
Loan 5,7,8,9,10,11 1 The Liz Earn-out Reserve; Free Rent Reserve; Special Rollover Reserve   5/19/2020 3/18/2020 N/A 3/17/2020 N/A No N/A
Loan   2 Bayview Corporate Tower Suzano Upfront Rollover Reserve; US Medicare Upfront Rollover Reserve; Tenant Specific Upfront Rollover Reserve; Free Rent Abatement Reserve; Debt Service Reserve   6/26/2020 1/27/2020 N/A 1/27/2020 N/A No N/A
Loan 6,7,12 3 FTERE Bronx Portfolio 5 J-51 Exemption Funds                
Property   3.01 3031 & 3041 Holland Avenue     2/11/2020 1/3/2020 N/A 1/3/2020 N/A No N/A
Property   3.02 610 Trinity Avenue     2/7/2020 1/3/2020 N/A 1/3/2020 N/A No N/A
Property   3.03 2770-2780 Kingsbridge Terrace     2/10/2020 1/3/2020 N/A 1/3/2020 N/A No N/A
Property   3.04 1787-1791 Walton Avenue     2/12/2020 1/3/2020 N/A 1/3/2020 N/A No N/A
Property   3.05 75 West 190th Street     2/7/2020 1/3/2020 N/A 1/3/2020 N/A No N/A
Loan 6,12 4 Texas Multifamily Portfolio N/A                
Property   4.01 The Presidio Apartments     2/27/2020 2/27/2020 N/A 2/25/2020 N/A No N/A
Property   4.02 Ravenwood Apartments     2/27/2020 2/27/2020 N/A 2/25/2020 N/A No N/A
Property   4.03 Laguna Azul Apartments     2/27/2020 2/26/2020 N/A 2/25/2020 N/A No N/A
Property   4.04 Pebble Walk Apartments     2/27/2020 2/27/2020 N/A 2/25/2020 N/A No N/A
Loan 5,8,13,14 5 525 Market Street Free Rent Reserve; Outstanding TI/LC Reserve   12/9/2019 12/5/2019 N/A 11/22/2019 12/6/2019 Yes - 4 17.0%
Loan 5,8,15,16 6 Bellagio Hotel and Casino N/A   11/12/2019 11/6/2019 N/A 11/6/2019 N/A No N/A
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue N/A                
Property   7.01 3210 Riverdale Avenue     1/22/2020 1/10/2020 N/A 1/10/2020 N/A No N/A
Property   7.02 1616 Amsterdam Avenue     1/29/2020 1/10/2020 N/A 1/10/2020 N/A No N/A
Loan 8,9 8 UHG Optum Health Campus N/A   6/29/2020 2/7/2020 N/A 2/14/2020 N/A No N/A
Loan   9 235 Canal Street Mount Sinai Rent Reserve   4/14/2020 3/20/2020 N/A 3/20/2020 N/A No N/A
Loan 5,6,7 10 Bushwick Multifamily Portfolio N/A                
Property   10.01 276 Nostrand Avenue     2/14/2020 1/7/2020 N/A 1/7/2020 N/A No N/A
Property   10.02 70 Bushwick Avenue     2/14/2020 1/7/2020 N/A 1/7/2020 N/A No N/A
Property   10.03 894 Bushwick Avenue     2/14/2020 1/7/2020 N/A 1/7/2020 N/A No N/A
Property   10.04 679 Grand Street     2/24/2020 1/7/2020 N/A 1/7/2020 N/A No N/A
Property   10.05 735 & 737 Bushwick Avenue     2/14/2020 1/7/2020 N/A 1/7/2020 N/A No N/A
Property   10.06 17 Troutman Street     2/14/2020 1/7/2020 N/A 1/7/2020 N/A No N/A
Property   10.07 934 Lafayette Avenue     2/14/2020 1/7/2020 N/A 1/7/2020 N/A No N/A
Loan 8,9 11 Palms at Cinco Ranch Debt Service Reserve   3/17/2020 3/9/2020 N/A 3/10/2020 N/A No N/A
Loan 5 12 HPE Campus Common Charges Reserve   2/8/2020 11/15/2019 N/A 2/3/2020 1/29/2020 Yes - 3 3.0%
Loan   13 Broadway & Thomas Free Rent Reserve   1/8/2020 8/19/2019 N/A 8/19/2019 8/19/2019 Yes - 4 10.0%
Loan 6,9 14 New Haven Multifamily Portfolio Radon Reserve; Interest Reserve                
Property   14.01 Chapel Street and Sherman Avenue     6/18/2020 5/26/2020 N/A 5/29/2020 N/A No N/A
Property   14.02 Howe Street and Lynwood Place     6/17/2020 5/26/2020 N/A 5/29/2020 N/A No N/A
Property   14.03 Ellsworth Avenue     6/17/2020 5/29/2020 N/A 5/29/2020 N/A No N/A
Property   14.04 Colby Court     6/17/2020 5/29/2020 N/A 5/29/2020 N/A No N/A
Property   14.05 Park Street and Elm Street     6/19/2020 5/26/2020 N/A 5/29/2020 N/A No N/A
Property   14.06 Bradley Street and Trumbull Street     6/19/2020 5/26/2020 N/A 5/29/2020 N/A No N/A
Loan   15 Katella Corporate Center Free Rent Reserve; Outstanding TI/LC Reserve   2/26/2020 2/21/2020 N/A 2/20/2020 2/20/2020 Yes - 3 14.0%
Loan 6,7,12 16 Bronx Multifamily Portfolio V N/A                
Property   16.01 1901 Grand Concourse     2/12/2020 2/18/2020 N/A 2/18/2020 N/A No N/A
Property   16.02 667 East 232nd Street     2/25/2020 10/1/2019 N/A 10/1/2019 N/A No N/A
Loan 5 17 Ralph Lauren HQ New Jersey Environmental Escrow; Free Rent; Gap Reserve; Liqduidation Payment/ Rent Credit Reserve   12/4/2019 11/7/2019 N/A 11/6/2019 N/A No N/A
Loan   18 The Court at Hamilton Landscaping Reserve   2/10/2020 1/23/2020 N/A 1/23/2020 N/A No N/A
Loan   19 Gleneagles Shopping Center N/A   3/5/2020 2/10/2020 N/A 2/10/2020 N/A No N/A
Loan 6,7,9 20 Walgreens & Dollar General Portfolio N/A                
Property   20.01 Walgreens, Excelsior Springs, MO     6/25/2020 4/22/2020 N/A 4/22/2020 N/A No N/A
Property   20.02 Walgreens, Kilmarnock, VA     6/26/2020 4/21/2020 N/A 4/14/2020 N/A No N/A
Property   20.03 Dollar General, Cynthiana, KY     6/25/2020 4/17/2020 N/A 4/22/2020 N/A No N/A
Property   20.04 Dollar General, Fairview, KY     6/25/2020 4/20/2020 N/A 4/22/2020 N/A No N/A
Property   20.05 Dollar General, Wheatland, MO     6/25/2020 4/22/2020 N/A 4/22/2020 N/A No N/A
Property   20.06 Dollar General, Parkers Lake, KY     6/26/2020 4/21/2020 N/A 4/22/2020 N/A No N/A
Property   20.07 Dollar General, London, KY     6/25/2020 4/22/2020 N/A 4/22/2020 N/A No N/A
Loan 6,9 21 BC Storage Portfolio N/A                
Property   21.01 Burns     3/6/2020 2/26/2020 N/A 2/26/2020 N/A No N/A
Property   21.02 White Bluff     3/6/2020 2/26/2020 N/A 2/26/2020 N/A No N/A
Property   21.03 Dickson     3/6/2020 2/26/2020 N/A 2/26/2020 N/A No N/A
Loan 9 22 514 West 211th Street N/A   6/11/2020 4/7/2020 N/A 4/7/2020 N/A No N/A
Loan 9,17 23 51 Columbia Free Rent Reserve   7/2/2020 4/15/2020 N/A 4/16/2020 6/30/2020 Yes - 4 12.0%
Loan 9 24 89-16 175 Street N/A   4/21/2020 4/8/2020 N/A 4/7/2020 N/A No N/A
Loan   25 Independence Plaza Debt Service Reserve; Free Rent Reserve; Outstanding TI/LC Reserve   6/18/2020 5/15/2020 N/A 5/15/2020 N/A No N/A
Loan 7 26 14741 Memorial Drive The Dinner Dude Free Rent; MsssP, LLC TI Obligations; Mrs Donuts TI Obligations   1/16/2020 12/31/2019 N/A 1/2/2020 N/A No N/A
Loan 18 27 Carbon 550 N/A   2/24/2020 1/30/2020 N/A 1/29/2020 N/A No N/A
Loan   28 9177 Ridgetop Major Tenant Reserve   1/10/2020 1/17/2020 N/A 1/21/2020 1/16/2020 Yes - 3 7.0%
Loan 12 29 555 Grand Street N/A   1/23/2020 1/31/2020 N/A 1/31/2020 N/A No N/A
Loan   30 96 Bedford Avenue N/A   2/12/2020 12/5/2019 N/A 12/5/2019 N/A No N/A
Loan   31 Shops at Oak Forest N/A   2/6/2020 1/24/2020 N/A 1/24/2020 N/A No N/A
Loan 9 32 Sparta Self Storage N/A   6/22/2020 6/25/2020 N/A 6/25/2020 N/A No N/A
Loan   33 Walden Court Apartments N/A   6/22/2020 4/27/2020 N/A 4/23/2020 N/A No N/A
Loan 6,8 34 Pangea 24 N/A                
Property   34.01 109 North Laramie Avenue     2/25/2020 2/21/2020 N/A 2/24/2020 N/A No N/A
Property   34.02 5125 North Madison Street     2/25/2020 2/19/2020 N/A 2/25/2020 N/A No N/A
Property   34.03 4641 West Jackson Boulevard     3/2/2020 2/21/2020 N/A 2/25/2020 N/A No N/A
Property   34.04 8001 South Muskegon Avenue     2/15/2020 2/24/2020 N/A 2/25/2020 N/A No N/A
Property   34.05 8935 South Dauphin Avenue     2/15/2020 2/24/2020 N/A 2/25/2020 N/A No N/A
Property   34.06 15210 Chicago Road     2/18/2020 2/24/2020 N/A 2/26/2020 N/A No N/A
Loan   35 Fed Ex Mt. Pleasant N/A   6/2/2020 6/8/2020 N/A 6/8/2020 N/A No N/A
Loan   36 600 University Office Outstanding TI Funds; Rent Concession Fund   3/10/2020 1/9/2020 N/A 1/13/2020 N/A No N/A
Loan 9 37 Walgreens Charlotte, NC N/A   6/23/2020 6/9/2020 N/A 6/9/2020 N/A No N/A
Loan   38 Hunter Ridge Economic Holdback; Environmental Reserve   1/9/2020 12/19/2019 N/A 12/18/2019 N/A No N/A
Loan   39 Hannah Del Estate MHC N/A   6/4/2020 6/5/2020 N/A 6/5/2020 N/A Yes - 3 N/A
Loan 9 40 Fresenius Las Vegas N/A   6/30/2020 10/8/2019 N/A 10/9/2019 N/A No N/A
Loan   41 Walgreens Sycamore Anchor Tenant Reserve   6/11/2020 11/27/2019 N/A 5/21/2020 N/A No N/A
Loan   42 A1A Stow-A-Way Self Storage N/A   5/21/2020 3/31/2020 N/A 4/1/2020 N/A No N/A
Loan 9 43 Sentry Self Storage Interest Reserve   6/29/2020 5/21/2020 N/A 5/22/2020 N/A No N/A
 

 

 

Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Property
Flag
Footnotes Loan ID Property Name   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
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 5,7,8,9,10,11 1 The Liz   $33,000,000     63.9% 1.57x 7.5%                          
Loan   2 Bayview Corporate Tower                                        
Loan 6,7,12 3 FTERE Bronx Portfolio 5                                        
Property   3.01 3031 & 3041 Holland Avenue                                        
Property   3.02 610 Trinity Avenue                                        
Property   3.03 2770-2780 Kingsbridge Terrace                                        
Property   3.04 1787-1791 Walton Avenue                                        
Property   3.05 75 West 190th Street                                        
Loan 6,12 4 Texas Multifamily Portfolio                                        
Property   4.01 The Presidio Apartments                                        
Property   4.02 Ravenwood Apartments                                        
Property   4.03 Laguna Azul Apartments                                        
Property   4.04 Pebble Walk Apartments                                        
Loan 5,8,13,14 5 525 Market Street   $430,000,000   $212,000,000 53.7% 2.96x 9.0%                          
Loan 5,8,15,16 6 Bellagio Hotel and Casino   $1,637,200,000   $1,333,800,000 70.7% 4.06x 15.7%                          
Loan 6,7 7 3210 Riverdale Avenue & 1616 Amsterdam Avenue                                        
Property   7.01 3210 Riverdale Avenue                                        
Property   7.02 1616 Amsterdam Avenue                                        
Loan 8,9 8 UHG Optum Health Campus                                        
Loan   9 235 Canal Street                                        
Loan 5,6,7 10 Bushwick Multifamily Portfolio   $30,000,000     67.5% 1.82x 7.2%                          
Property   10.01 276 Nostrand Avenue                                        
Property   10.02 70 Bushwick Avenue                                        
Property   10.03 894 Bushwick Avenue                                        
Property   10.04 679 Grand Street                                        
Property   10.05 735 & 737 Bushwick Avenue                                        
Property   10.06 17 Troutman Street                                        
Property   10.07 934 Lafayette Avenue                                        
Loan 8,9 11 Palms at Cinco Ranch                                        
Loan 5 12 HPE Campus   $46,770,000     64.8% 2.71x 9.9%                          
Loan   13 Broadway & Thomas                                        
Loan 6,9 14 New Haven Multifamily Portfolio                                        
Property   14.01 Chapel Street and Sherman Avenue                                        
Property   14.02 Howe Street and Lynwood Place                                        
Property   14.03 Ellsworth Avenue                                        
Property   14.04 Colby Court                                        
Property   14.05 Park Street and Elm Street                                        
Property   14.06 Bradley Street and Trumbull Street                                        
Loan   15 Katella Corporate Center                                        
Loan 6,7,12 16 Bronx Multifamily Portfolio V                                        
Property   16.01 1901 Grand Concourse                                        
Property   16.02 667 East 232nd Street                                        
Loan 5 17 Ralph Lauren HQ New Jersey   $44,000,000     59.4% 3.00x 9.6%                          
Loan   18 The Court at Hamilton                                        
Loan   19 Gleneagles Shopping Center                                        
Loan 6,7,9 20 Walgreens & Dollar General Portfolio                                        
Property   20.01 Walgreens, Excelsior Springs, MO                                        
Property   20.02 Walgreens, Kilmarnock, VA                                        
Property   20.03 Dollar General, Cynthiana, KY                                        
Property   20.04 Dollar General, Fairview, KY                                        
Property   20.05 Dollar General, Wheatland, MO                                        
Property   20.06 Dollar General, Parkers Lake, KY                                        
Property   20.07 Dollar General, London, KY                                        
Loan 6,9 21 BC Storage Portfolio                                        
Property   21.01 Burns                                        
Property   21.02 White Bluff                                        
Property   21.03 Dickson                                        
Loan 9 22 514 West 211th Street                                        
Loan 9,17 23 51 Columbia                                        
Loan 9 24 89-16 175 Street                                        
Loan   25 Independence Plaza                                        
Loan 7 26 14741 Memorial Drive                                        
Loan 18 27 Carbon 550                                        
Loan   28 9177 Ridgetop                                        
Loan 12 29 555 Grand Street                                        
Loan   30 96 Bedford Avenue                                        
Loan   31 Shops at Oak Forest                                        
Loan 9 32 Sparta Self Storage                                        
Loan   33 Walden Court Apartments                                        
Loan 6,8 34 Pangea 24                                        
Property   34.01 109 North Laramie Avenue                                        
Property   34.02 5125 North Madison Street                                        
Property   34.03 4641 West Jackson Boulevard                                        
Property   34.04 8001 South Muskegon Avenue                                        
Property   34.05 8935 South Dauphin Avenue                                        
Property   34.06 15210 Chicago Road                                        
Loan   35 Fed Ex Mt. Pleasant                                        
Loan   36 600 University Office                                        
Loan 9 37 Walgreens Charlotte, NC                                        
Loan   38 Hunter Ridge                                        
Loan   39 Hannah Del Estate MHC                                        
Loan 9 40 Fresenius Las Vegas                                        
Loan   41 Walgreens Sycamore                                        
Loan   42 A1A Stow-A-Way Self Storage                                        
Loan 9 43 Sentry Self Storage                                        

 

 

 

 

MSC 2020-HR8

Footnotes to Annex A-1

   
(1) MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; Barclays—Barclays Capital Real Estate Inc.; AREF—Argentic Real Estate Finance LLC; SMC—Starwood Mortgage Capital LLC
   
(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 preliminary prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans and sole tenants at their respective mortgaged properties that 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 and sole tenants at their respective mortgaged properties.
   
(5) Each of The Liz Mortgage Loan (Mortgage Loan No. 1), the 525 Market Street Mortgage Loan (Mortgage Loan No. 5), the Bellagio Hotel and Casino Mortgage Loan (Mortgage Loan No. 6),  the Bushwick Multifamily Portfolio (Mortgage Loan No.10), the HPE Campus Mortgage Loan (Mortgage Loan No. 12), and the Ralph Lauren HQ New Jersey Mortgage Loan (Mortgage Loan No. 17) is part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit/Room calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan(s), but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu-A/B Whole Loans” and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this preliminary prospectus.
   
(6) With respect to Mortgage Loan No. 3, FTERE Bronx Portfolio 5, Mortgage Loan No. 4, Texas Multifamily Portfolio, Mortgage Loan No. 7, 3210 Riverdale Avenue & 1616 Amsterdam Avenue, Mortgage Loan No. 10, Bushwick Multifamily Portfolio, Mortgage Loan No. 14, New Haven Multifamily Portfolio, Mortgage Loan No. 16, Bronx Multifamily Portfolio V, Mortgage Loan No. 20, Walgreens & Dollar General Portfolio, Mortgage Loan No. 21, BC Storage Portfolio  and Mortgage Loan No. 34, Pangea 24, each such Mortgage Loan is secured by multiple properties.  For purposes of the statistical information set forth in this preliminary prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Unit/Room 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 Underwritten NCF, among other methods.  
   
(7) With respect to Mortgage Loan No. 1, The Liz, Mortgage Loan No. 3, FTERE Bronx Portfolio 5, Mortgage Loan No. 7, 3210 Riverdale Avenue & 1616 Amsterdam Avenue, Mortgage Loan No. 10, Bushwick Multifamily Portfolio, Mortgage Loan No. 16, Bronx Multifamily Portfolio V, Mortgage Loan No. 20, Walgreens & Dollar General Portfolio and Mortgage Loan No. 26, 14741 Memorial Drive 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, partial prepayment or partial assumption of the related Mortgage Loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and "—Partial Releases, Substitutions and Additions” in this preliminary prospectus.
   
(8) With respect to Mortgage Loan No. 1, The Liz, Mortgage Loan No. 5, 525 Market Street, Mortgage Loan No. 6, Bellagio Hotel and Casino, Mortgage Loan No. 8, UHG Optum Health Campus, Mortgage Loan No. 11, Palms at Cinco Ranch and Mortgage Loan No. 34, Pangea 24, the related mortgage loan documents permit future subordinate secured financing or mezzanine financing and/or preferred equity generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” in this preliminary prospectus.

 

 

 

 

(9) With respect to Mortgage Loan No. 1, The Liz and Mortgage Loan No. 8, UHG Optum Health Campus, the first payment for each Mortgage Loan is September 6, 2020.  On the Closing Date, AREF will deposit sufficient funds to pay the amount of interest that would be due with respect to an August 6, 2020 payment for each such Mortgage Loan. Seasoning (mos.), Prepayment Provisions (No. of Payments), Original Term to Maturity (mos.), Original Interest-only Period (mos.), First Payment Date, Remaining Term to Maturity (mos.) and Remaining Interest-Only Period (mos.) are inclusive of the additional August 6, 2020 interest-only payment to be funded by AREF on the Closing Date.

With respect to Mortgage Loan No. 20, Walgreens & Dollar General Portfolio, the first payment date for the Mortgage Loan is September 6, 2020. On the Closing Date, Barclays will deposit sufficient funds to pay the amount of interest that would be due with respect to an August 6, 2020 payment for such Mortgage Loan. Seasoning (mos.), Prepayment Provisions (No. of Payments), Original Term to Maturity (mos.), Original Interest-only Period (mos.) First Payment Date, Remaining Term to Maturity (mos.) and Remaining Interest-Only Period (mos.) are inclusive of the additional August 6, 2020 interest-only payment to be funded by Barclays on the loan securitization Closing Date.

With respect to Mortgage Loan No. 11, Palms at Cinco Ranch, Mortgage Loan No. 14, New Haven Multifamily Portfolio, Mortgage Loan No. 21, BC Storage Portfolio, Mortgage Loan No. 22, 514 West 211th Street, Mortgage Loan No. 24, 89-16 175 Street, Mortgage Loan No. 37, Walgreens Charlotte, NC, Mortgage Loan No. 40, Fresenius Las Vegas and Mortgage Loan No. 43, Sentry Self Storage, the first payment date for the Mortgage Loan is September 1, 2020. On the Closing Date, MSMCH will deposit sufficient funds to pay the amount of interest that would be due with respect to an August 1, 2020 payment for each such Mortgage Loan. Seasoning (mos.), Prepayment Provisions (No. of Payments), Original Term to Maturity (mos.), Original Interest-only Period (mos.) First Payment Date, Remaining Term to Maturity (mos.) and Remaining Interest-Only Period (mos.) are inclusive of the additional August 1, 2020 interest-only payment to be funded by MSMCH on the loan securitization Closing Date.

With respect to Mortgage Loan No. 23, 51 Columbia and Mortgage Loan No. 32, Sparta Self Storage, the first payment date for the Mortgage Loan is in September 2020. On the Closing Date, SMC will deposit sufficient funds to pay the amount of interest that would be due with respect to an August 2020 payment for each such Mortgage Loan. Seasoning (mos.), Prepayment Provisions (No. of Payments), Original Term to Maturity (mos.), Original Interest-only Period (mos.) First Payment Date, Remaining Term to Maturity (mos.) and Remaining Interest-Only Period (mos.) are inclusive of the additional August 2020 interest-only payment to be funded by SMC on the Closing Date.
   
(10) With respect to Mortgage Loan No.1, The Liz, the Cut-off Date LTV Ratio and Maturity Date LTV Ratio, in each case calculated based on the loan amount net of the $3,000,000 earnout reserve and using the “as-is” appraised value of $140,800,000 are 63.9% and 63.9%, respectively. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the gross loan amount of $93,000,000 are 66.1% and 66.1%, respectively. In addition, Underwritten NOI Debt Yield and Underwritten NCF Debt Yield (7.5% and 7.3%, respectively) are calculated based on the net loan amount of $90,000,000 (reflecting a deduction of the $3,000,000 earnout reserve amount). Underwritten NOI Debt Yield and Underwritten NCF Debt Yield calculated using the gross loan amount of $93,000,000 are 7.2% and 7.1%, respectively. The lender is required, from time to time, to disburse funds held in the earnout reserve to the borrower within (x) five business days, with respect to a disbursement pursuant to subclause (i) below or (y) fifteen days, with respect to a disbursement pursuant to subclause (ii) below, in the following increments and subject to the lender’s determination that the following conditions have been satisfied: (i) provided no default or cash management period is then continuing, (a) the commercial component remains 100% occupied, (b) the multifamily component is 92% occupied (inclusive of units leased by residential operator(s)), (c) the borrowers enter into a lease agreement with a qualified residential operator for a minimum of eight multifamily units at a minimum of $25,000 per month ($300,000 annually) for five years and collect unabated rent for three consecutive months; the lender will disburse $3,000,000 to the borrowers or (ii) provided no default or cash management period is then continuing, upon the Mortgaged Property achieving an earnout debt yield of 7.20%, the lender is required to release the amount of earnout disbursement utilized in the calculation of such earnout debt yield to the borrowers, provided, that, in no event will the amount of each such disbursement be less than $1,500,000.
   
(11) With respect to Mortgage Loan No. 1, The Liz, occupancy is based on the January 31, 2020 rent roll for the commercial space and the June 24, 2020 rent roll for the residential space.
   
(12)

With respect to Mortgage Loan No. 3, FTERE Bronx Portfolio 5, Appraised Value (i) for the 3031 & 3041 Holland Avenue Mortgaged Property includes $1,050,000 attributable to the present value of two J-51 tax abatements that the FTERE Bronx Portfolio 5 Borrowers have informed the lender that they applied for but were denied, which

 

 

 

 

denial is currently being litigated; (ii) for the 610 Trinity Avenue Mortgaged Property includes $100,000 attributable to two J-51 tax abatements, which the FTERE Bronx Portfolio 5 Borrowers have informed the lender that they applied for or intend to apply for and $800,000 attributable to a major capital improvements program (the “MCI Program”) rent increase that the FTERE Bronx Portfolio 5 Borrowers have informed the lender that they intend to apply for; (iii) for the 2770-2780 Kingsbridge Terrace Mortgaged Property includes $10,000 attributable to a J-51 tax abatement that the FTERE Bronx Portfolio 5 Borrowers have informed the lender that they intend to apply for; (iv) for the 1787-1791 Walton Avenue Mortgaged Property includes $20,000 attributable to an applied for J-51 tax abatement, and $200,000 attributable to applied for MCI program rent increases; and (v) for the 75 West 190th Street includes $50,000 attributable to two applied for J-51 tax abatements, and $600,000 attributable to applied for MCI program rent increases.

The FTERE Bronx Portfolio 5 Mortgage Loan documents provide for an upfront reserve of $1,450,000 with respect to the pending or applied for J-51 exemption, J-51 abatement, and MCI Program rent increases applications, as applicable for each related Mortgaged Property, which will be released or applied to prepay the Mortgage Loan as described under the definition of “Appraised Value” set forth under “Description of the Mortgage Pool—Certain Calculations and Definitions—Definitions" in the Preliminary Prospectus.

 

  With respect to Mortgage Loan No. 4, Texas Multifamily Portfolio, the Appraised Value represents a 3.1% premium to the aggregate “as-is” appraised value of the individual Mortgaged Properties. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio for the Texas Multifamily Portfolio Mortgage Loan are calculated using the “as-is” appraised value based on such portfolio premium. The “as-is” appraised value for the Texas Multifamily Portfolio Mortgaged Properties, without regard to the premium, was $79,800,000 as of February 14, 2020. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio calculated using the aggregate “as-is” appraised values, without regard to the premium, are 66.4% and 53.3%, respectively. In addition, the “as-is” appraised value assumes that the Texas Multifamily Portfolio borrowers will win their appeals of the tax assessment with respect to The Presidio Apartments property and the Ravenwood Apartments property. With respect to The Presidio Apartments property, the “as-is” appraised value is $28,400,000, and the value of the property without such assumption is approximately $25,000,000. With respect to the Ravenwood Apartments property, the “as-is” appraised value is $23,100,000, and the value of the property without such assumption is approximately $22,870,000.
   
  With respect to Mortgage Loan No. 16, Bronx Multifamily Portfolio V, Appraised Value for the 667 East 232nd Street Mortgaged Property includes $1,000,000 attributable to an MCI Program rent increase and $200,000 attributable to an MCI Program abatement, which have been applied for or are intended to be applied for but have not been received as of the origination date.
   
  With respect to Mortgage Loan No. 29, 555 Grand Street, Appraised Value for the mortgaged property includes $1,356,118 attributable to 421-a tax abatement, which has been applied for but has not been received as of the origination date.
   
(13) With respect to Mortgage Loan No. 5, 525 Market Street, the property is comprised of a fee interest, a leasehold interest and a sub-leasehold interest. The fee, leasehold and sub-leasehold interests are collateral for the Whole Loan. The borrowers own the fee, leasehold and sub-leasehold interests in the Mortgaged Property. The borrower is prohibited from transferring or merging any interests, and cannot terminate, amend or modify the ground lease documents.
   
(14) With respect to Mortgage Loan No. 5, 525 Market Street, a grace period for late payments of 10 days is allowed once per trailing calendar year.
   
(15) With respect to Mortgage Loan No. 6, Bellagio Hotel and Casino, as of the trailing 12 months ending September 30, 2019, 29.6% of underwritten revenues were from gaming, 28.4% from hotel, 24.7% from food & beverage, 9.0% from entertainment and 8.3% from other sources.
   
(16) With respect to Mortgage Loan No. 6, Bellagio Hotel and Casino, the Mortgaged Property was acquired by the borrower in a sale-leaseback transaction from Bellagio, LLC, an indirectly wholly owned subsidiary of MGM Resorts International, which entered into a new 30-year lease, with two 10-year extension options to operate the Mortgaged Property (the “Bellagio Lease”). The Bellagio tenant owns a 5% equity interest in the borrower. Financial and other information in this preliminary prospectus is presented on a “look through” basis, before rent due under the Bellagio Lease. For so long as the Bellagio Lease is in effect, the borrower will be entitled only to the rent due under the Bellagio Lease and not to the underlying rent and other income from the Mortgaged Property. The initial Bellagio Lease annual rent is $245,000,000, and debt service coverage ratio and debt yield for the Bellagio Hotel and Casino Whole Loan based on such initial annual rent are 2.19x and 8.1%, respectively.

 

 

 

 

(17) With respect to Mortgage Loan No. 23, 51 Columbia, the Mortgage Loan is anticipated to be sold to SMC prior to the closing date of the MSC 2020-HR8 securitization transaction.
   
(18) With respect to Mortgage Loan No. 27, Carbon 550, the borrower has the right to lease up to 12 units (24.0% of total units) on a short-term basis of less than one year so long as all such units are managed by Kasa Living, Inc. or a substitute manager approved by the lender.
   
A. “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) (A) during the continuation of an Event of Default, five percent (5%) of the unpaid principal balance of the Note as of the Prepayment Date or (B) otherwise, one percent (1%) of the unpaid principal balance of the note as of the Prepayment Date. “Yield Maintenance Amount” shall mean the present value, as of the Prepayment Date, of the remaining scheduled payments of principal and interest from the Prepayment Date through the Stated Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “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 Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Stated Maturity Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.)
   
B “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. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Treasury 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.)
   
C. “Yield Maintenance Premium” means an amount equal to the greater of (a) one-half of one percent (0.50%) of the outstanding principal amount of the loan to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest under the loan assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the applicable Note is paid on the Permitted Par Prepayment Date (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the Prepayment Rate when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding Payment Date in the event such payment is not made on a Payment Date), over (ii) the principal amount being prepaid.
   
D. Yield Maintenance Premium: an amount equal to the greater of (i) one percent (1%) of any applicable prepayment, or (b) the present value as of the Prepayment Date of the Calculated Payments determined by discounting such payments at the Discount Rate. As used in this definition, (i) the term “Prepayment Date” means the date on which the applicable prepayment is made; (ii) the term “Calculated Payments” means the monthly payments of interest only which would be due from the Prepayment Date through the Permitted Prepayment Date based on the Principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum in the amount, if any, by which the Interest Rate exceeds the Yield Maintenance Treasury Rate; (iii) the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. The calculation of the Yield Maintenance Premium shall be made by Lender and shall, absent manifest error, be final, conclusive and binding upon the parties.

Yield Maintenance Treasury Rate: 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 and one shorter) most nearly approximating the Permitted Prepayment 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.

 

 

 

 

E “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 and (ii) an amount equal to the present value as of the Prepayment Date of the Calculated Payments from the Prepayment Date through the Stated 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 Stated 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.
   
F Yield Maintenance Premium: an amount equal to the greater of (i) one percent (1%) of any applicable prepayment, or (b) the present value as of the Prepayment Date of the Calculated Payments determined by discounting such payments at the Discount Rate. As used in this definition, (i) the term “Prepayment Date” means the date on which the applicable prepayment is made; (ii) the term “Calculated Payments” means the monthly payments of interest only which would be due from the Prepayment Date through the Permitted Prepayment Date based on the Principal amount of the Loan being prepaid on the Prepayment Date and assuming an interest rate per annum in the amount, if any, by which the Applicable Interest Rate exceeds the Yield Maintenance Treasury Rate; (iii) the term “Discount Rate” means the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. The calculation of the Yield Maintenance Premium shall be made by Lender and shall, absent manifest error, be final, conclusive and binding upon the parties.
Yield Maintenance Treasury Rate: 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 and one shorter) most nearly approximating the Permitted Prepayment 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 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 Open Prepayment 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 Open Prepayment 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.

 

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.
   
I. “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.
   
J. “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) one percent (1%) of the outstanding principal balance of the Loan to be prepared or satisfied and (ii) the present value, as of the Prepayment Date, of the remaining scheduled payment of principal and interest from the Prepayment Date through the Maturity Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid. “Discount Rate” shall mean the rate that, when compounded monthly, is equivalent to the Treasury Rate when compounded semiannually. “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 Prepayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Maturity Date. If Release H.15 is no longer published, Lender shall select in its reasonable discretion a comparable publication to determine the Treasury Rate.