0001539497-21-000920.txt : 20210624 0001539497-21-000920.hdr.sgml : 20210624 20210624162039 ACCESSION NUMBER: 0001539497-21-000920 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210624 DATE AS OF CHANGE: 20210624 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Morgan Stanley Capital I Trust 2021-L6 CENTRAL INDEX KEY: 0001866493 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-227446-15 FILM NUMBER: 211043070 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Morgan Stanley Capital I Inc. CENTRAL INDEX KEY: 0001547361 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133291626 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FWP 1 n2612-x2anxa1.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-227446-15
     

 

     
 

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-227446) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com.

 

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”), BofA Securities, Inc. (together with its affiliates, “BofA Securities”), AmeriVet Securities, Inc. (together with its affiliates, “AmeriVet”) and Bancroft Capital, LLC (together with its affiliates, “Bancroft” and, collectively with Morgan Stanley, BofA Securities and AmeriVet, 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.

 

This material may have been prepared by or in conjunction with the respective trading desks of the Underwriters that may deal as principal in or own or act as market maker or liquidity provider for the securities/instruments (or related derivatives) mentioned herein. The trading desk may have accumulated a position in the subject securities/instruments based on the information contained herein. Trading desk materials are not independent of the proprietary interests of the Underwriters, which may conflict with your interests. Each of the Underwriters may also perform or seek to perform investment banking services for the issuers of the securities and instruments mentioned herein.

 

This material has been prepared for information purposes to support the promotion or marketing of the transaction or matters addressed herein. This is not a research report and was not prepared by the research department of any Underwriter. It was prepared by sales, trading, banking or other non-research personnel of one or more of the Underwriters. This material is not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Each taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. Past performance is not necessarily a guide to future performance. Please see additional important information and qualifications at the end of this material.

 

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.

 

The securities/instruments discussed in this material may not be suitable for all investors. This material has been prepared and issued by the Underwriters for intended distribution to market professionals and institutional investor clients. Other recipients should seek independent investment advice prior to making any investment decision based on this material. This material does not provide individually tailored investment advice or offer tax, regulatory, accounting or legal advice. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. You should consider this material as only a single factor in making an investment decision.

 

The value of and income from investments may vary because of changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities/instruments prices, market indexes, operational or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in securities/instruments transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. Actual events may differ from those assumed and changes to any assumptions may have a material impact on any projections or estimates. Other events not taken into account may occur and may significantly affect the projections or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation and/or calculation of any projections or estimates, and the Underwriters do not represent that any such assumptions will reflect actual future events. Accordingly, there can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated herein. Some of the information contained in this document may be aggregated data of transactions in securities or other financial instruments executed by an Underwriter that has been compiled so as not to identify the underlying transactions of any particular customer.

 

Notwithstanding anything herein to the contrary, the Underwriters and each recipient hereof (and their employees, representatives, and other agents) may disclose to any and all persons, without limitation of any kind from the commencement of discussions, the U.S. federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to the tax treatment and tax structure (as such terms are defined in Treasury Regulation 1.6011-4). For this purpose, “tax structure” is limited to facts relevant to the U.S. federal and state income tax treatment of the transaction and does not include information relating to the identity of the parties, their affiliates, agents or advisors. This authorization of tax disclosure is retroactively effective to the commencement of discussions with prospective investors regarding the transactions contemplated herein.

 

THE DISTRIBUTION OF THIS MATERIAL (A) IF MADE BY A PERSON WHO IS NOT AN AUTHORIZED PERSON UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”), IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED, THE “FINANCIAL PROMOTION ORDER”), OR (III) ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) THROUGH (D) (“HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.”) OF THE FINANCIAL PROMOTION ORDER, OR (IV) ARE PERSONS TO WHOM THIS MATERIAL MAY OTHERWISE LAWFULLY BE COMMUNICATED OR DIRECTED; AND (B) IF MADE BY A PERSON WHO IS AN AUTHORIZED PERSON UNDER THE FSMA, IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE OF PARTICIPATING IN UNREGULATED SCHEMES (AS DEFINED FOR PURPOSES OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (PROMOTION OF COLLECTIVE INVESTMENT SCHEMES) (EXEMPTIONS) ORDER 2001 (AS AMENDED, THE “PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER”)) AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 14(5) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (III) ARE PERSONS FALLING WITHIN ARTICLE 22(2)(A) THROUGH (D) (“HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.”) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (IV) ARE PERSONS TO WHOM THE ISSUING ENTITY MAY LAWFULLY BE PROMOTED IN ACCORDANCE WITH SECTION 4.12 OF THE FCA HANDBOOK CONDUCT OF BUSINESS SOURCEBOOK.

 

THE OFFERED CERTIFICATES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE FINANCIAL INSTRUMENTS AND EXCHANGE LAW OF JAPAN, AS AMENDED (THE “FIEL”), AND DISCLOSURE UNDER THE FIEL HAS NOT BEEN AND WILL NOT BE MADE WITH RESPECT TO THE OFFERED CERTIFICATES. ACCORDINGLY, EACH OF MORGAN STANLEY & CO. LLC, BOFA SECURITIES, INC., BANCROFT CAPITAL, LLC AND AMERIVET SECURITIES, INC. HAS REPRESENTED AND AGREED THAT IT HAS NOT, DIRECTLY OR INDIRECTLY, OFFERED OR SOLD AND WILL NOT, DIRECTLY OR INDIRECTLY, OFFER OR SELL ANY OFFERED CERTIFICATES IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN (WHICH TERM AS USED IN THIS MATERIAL MEANS ANY PERSON RESIDENT IN JAPAN, INCLUDING ANY CORPORATION OR OTHER ENTITY ORGANIZED UNDER THE LAWS OF JAPAN) OR TO OTHERS FOR REOFFERING OR RE-SALE, DIRECTLY OR INDIRECTLY, IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, AND OTHERWISE IN COMPLIANCE WITH, THE FIEL AND OTHER RELEVANT LAWS, REGULATIONS AND MINISTERIAL GUIDELINES OF JAPAN. AS PART OF THIS OFFERING OF THE OFFERED CERTIFICATES, THE UNDERWRITERS MAY OFFER THE OFFERED CERTIFICATES IN JAPAN TO UP TO 49 OFFEREES IN ACCORDANCE WITH THE ABOVE PROVISIONS.

 

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

 

Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this material having been sent via Bloomberg or another email system. 

 

 
     

 

 

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial
Pool Balance
% of Loan Balance Mortgage
Loan
Originator(1)
Mortgage
Loan Seller(1)
Related Group Crossed Group Address City County State Zip Code General Property Type Detailed Property Type
1 Loan   1 300 East 34th Street 9.8% 100.0% MSBNA MSMCH NAP NAP 300 East 34th Street New York New York NY 10016 Multifamily High Rise
2 Loan 5 1 U.S. Steel Tower 7.8% 100.0% MSBNA MSMCH NAP NAP 600 Grant Street Pittsburgh Allegheny PA 15219 Office CBD
3 Loan 5, 7, 9 1 The Domain 6.5% 100.0% BANA BANA NAP NAP 11410 Century Oaks Terrace Austin Travis TX 78758 Retail Anchored
4 Loan 11 1 La Alameda Shopping Center 5.2% 100.0% MSBNA MSMCH NAP NAP 2100 and 2136 East Florence Avenue Huntington Park Los Angeles CA 90255 Retail Anchored
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 5.2%   MSBNA MSMCH NAP NAP Various Various Various Various Various Self Storage Self Storage
5.01 Property   1 U-Haul Moving & Storage Of Inkster 0.9% 16.9%         29500 Michigan Avenue Inkster Wayne MI 48141 Self Storage Self Storage
5.02 Property   1 U-Haul Moving & Storage Of Downtown 0.8% 15.6%         1836 Arapahoe Street Los Angeles Los Angeles CA 90006 Self Storage Self Storage
5.03 Property   1 U-Haul Moving & Storage Of Thornton 0.8% 14.9%         4833 Thornton Avenue Fremont Alameda CA 94536 Self Storage Self Storage
5.04 Property   1 U-Haul Moving & Storage Of Belmont 0.7% 13.6%         554 El Camino Real Belmont San Mateo CA 94002 Self Storage Self Storage
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway 0.6% 10.7%         9929 Harry Hines Boulevard Dallas Dallas TX 75220 Self Storage Self Storage
5.06 Property   1 U-Haul Moving & Storage Of Dayton 0.5% 10.1%         1340 East 3rd Street Dayton Montgomery OH 45403 Self Storage Self Storage
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville 0.4% 7.7%         208 West Main Street Hendersonville Sumner TN 37075 Self Storage Self Storage
5.08 Property   1 U-Haul Moving & Storage At Austin Highway 0.3% 5.6%         2390 Austin Highway San Antonio Bexar TX 78218 Self Storage Self Storage
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale 0.3% 5.1%         5024 West Glendale Avenue Glendale Maricopa AZ 85301 Self Storage Self Storage
6 Loan   1 2600 Redondo 4.8% 100.0% AREF AREF NAP NAP 2600 Redondo Avenue Long Beach Los Angeles CA 90806 Office Medical
7 Loan   1 Granite Tower 4.7% 100.0% MSBNA MSMCH NAP NAP 4055 Valley View Lane Farmers Branch Dallas TX 75244 Office Suburban
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio 4.3%   AREF AREF NAP NAP Various Brooklyn Kings NY Various Multifamily Mid Rise
8.01 Property   1 261 Lenox Road 2.2% 50.6%         261 Lenox Road Brooklyn Kings NY 11226 Multifamily Mid Rise
8.02 Property   1 141 Lenox Road 1.1% 25.3%         141 Lenox Road Brooklyn Kings NY 11226 Multifamily Mid Rise
8.03 Property   1 250 Parkville Avenue 1.0% 24.1%         250 Parkville Avenue Brooklyn Kings NY 11230 Multifamily Mid Rise
9 Loan   1 Evanston Plaza 3.4% 100.0% AREF AREF NAP NAP 1910 Dempster Street Evanston Cook IL 60202 Retail Anchored
10 Loan   1 150 Thornhill 3.4% 100.0% MSBNA MSMCH NAP NAP 150 Thorn Hill Road Warrendale Allegheny PA 15086 Industrial Warehouse/Distribution
11 Loan   1 Snohomish Station Shopping Center 3.3% 100.0% MSBNA MSMCH NAP NAP 2707, 2909 and 2929 Brickford Avenue Snohomish Snohomish WA 98290 Retail Anchored
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee 2.9% 100.0% AREF AREF NAP NAP 485 Route 1 South Iselin Middlesex NJ 08830 Other Leased Fee
13 Loan 13 1 Tower Point at the Highlands 2.6% 100.0% AREF AREF NAP NAP 920 & 930 Ridgebrook Road Sparks Baltimore MD 21152 Office Suburban
14 Loan   1 6304 Spine Road 2.5% 100.0% MSBNA MSMCH NAP NAP 6304 Spine Road Boulder Boulder CO 80301 Industrial Flex/R&D
15 Loan   1 Shoppes of Carrollwood & Colonial Square 2.4% 100.0% SMC SMC NAP NAP 14324-14402 North Dale Mabry Highway Tampa Hillsborough FL 33618 Retail Anchored
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio 2.2%   SMC SMC NAP NAP Various Richmond Chesterfield VA Various Office Suburban
16.01 Property   1 Winchester Office Building 1.1% 51.5%         10800 Midlothian Turnpike Richmond Chesterfield VA 23235 Office Suburban
16.02 Property   1 Moorefield Office Park 1.0% 48.5%         804, 808 and 812 Moorefield Park Drive Richmond Chesterfield VA 23236 Office Suburban
17 Loan   1 High Meadow Apartments 2.0% 100.0% AREF AREF NAP NAP 3802 West University Boulevard Durant Bryan OK 74701 Multifamily Garden
18 Loan 6, 14 2 Martin Downs & Metro Gateway 2.0%   AREF AREF NAP NAP Various Various Various Various Various Retail Various
18.01 Property   1 Martin Downs 1.1% 56.4%         2846 Southwest Town Center Way and 2951 Southwest High Meadow Avenue Palm City Martin FL 34990 Retail Shadow Anchored
18.02 Property   1 Metro Gateway 0.9% 43.6%         3315-3443 West Peoria Avenue Phoenix Maricopa AZ 85029 Retail Anchored
19 Loan   1 Casa Grande Flexible Apartments 1.8% 100.0% BANA BANA NAP NAP 540 North Cacheris Court Casa Grande Pinal AZ 85122 Multifamily Flexible Apartments
20 Loan 15, 16 1 Glenwood Farms 1.7% 100.0% AREF AREF NAP NAP 3753 Bolling Road Richmond Henrico VA 23223 Mixed Use Multifamily/Retail
21 Loan 7 1 Summerhill Marketplace 1.6% 100.0% SMC SMC NAP NAP 647 State Route 18 East Brunswick Middlesex NJ 08816 Retail Anchored
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio 1.5%   AREF AREF NAP NAP Various Brooklyn Kings NY Various Various Various
22.01 Property   1 74 1st Place 0.4% 29.5%         74 1st Place Brooklyn Kings NY 11231 Multifamily Mid Rise
22.02 Property   1 228 Livingston Street 0.4% 25.3%         228 Livingston Street Brooklyn Kings NY 11201 Mixed Use Multifamily/Retail
22.03 Property   1 710 Degraw Street 0.4% 24.7%         710 Degraw Street Brooklyn Kings NY 11217 Multifamily Garden
22.04 Property   1 302 5th Street 0.3% 20.5%         302 5th Street Brooklyn Kings NY 11215 Multifamily Low Rise
23 Loan   1 Willow Lawn 1.4% 100.0% SMC SMC NAP NAP 1700 Willow Lawn Drive and 5001 West Broad Street Richmond Henrico VA 23230 Mixed Use Retail/Office
24 Loan   1 South York Plaza 1.3% 100.0% AREF AREF NAP NAP 201, 205-275 Pauline Drive York York PA 17402 Retail Anchored
25 Loan B, 7 1 Home Depot Warehouse 1.3% 100.0% MSBNA MSMCH NAP NAP 5701 US Highway 54 East Mexico Audrain MO 65265 Industrial Warehouse
26 Loan   1 39 Suydam 1.2% 100.0% MSBNA MSMCH NAP NAP 39 Suydam Street Brooklyn Kings NY 11221 Multifamily Mid Rise
27 Loan C 1 Guardian Storage Westminster 1.1% 100.0% SMC SMC 1 NAP 9241 Wadsworth Boulevard Westminster Jefferson CO 80021 Self Storage Self Storage
28 Loan   1 Porte De L’eau Plaza 1.0% 100.0% AREF AREF NAP NAP 2000-2046 45th Street Highland Lake IN 46322 Retail Unanchored
29 Loan D 1 Guardian Storage Washington 1.0% 100.0% SMC SMC 1 NAP 840 Jefferson Avenue Washington Washington PA 15301 Self Storage Self Storage
30 Loan E, 7 1 Briar Creek Plaza 1.0% 100.0% SMC SMC NAP NAP 35-65 Briar Creek Plaza Berwick Columbia PA 18603 Retail Anchored
31 Loan 8, 15, 17 1 180 East 79th Street 0.8% 100.0% MSBNA MSMCH NAP NAP 180 East 79th Street New York New York NY 10075 Mixed Use Multifamily/Retail
32 Loan   1 Captree Shopping Center 0.8% 100.0% MSBNA MSMCH NAP NAP 470 Union Boulevard West Islip Suffolk NY 11795 Retail Anchored
33 Loan   1 El Dorado Apartments 0.8% 100.0% SMC SMC NAP NAP 3621 Lawnview Lane Indianapolis Marion IN 46222 Multifamily Garden
34 Loan   1 Arlingate Plaza 0.8% 100.0% AREF AREF 2 NAP 1713-1717 Arlingate Lane Columbus Franklin OH 43228 Industrial Flex
35 Loan   1 Sportsmans Warehouse 0.8% 100.0% MSBNA MSMCH 2 NAP 11505 Northeast Fourth Plain Boulevard Suite H9 Vancouver Clark WA 98662 Retail Single Tenant
36 Loan 6 2 Tiger and AA Self Storage 0.7%   SMC SMC NAP NAP Various Various Various Various Various Self Storage Self Storage
36.01 Property   1 AA Self Storage 0.4% 58.2%         1838 Old Highway 40 Junction City Geary KS 66441 Self Storage Self Storage
36.02 Property   1 Tiger Self Storage 0.3% 41.8%         1427 Tiger Drive Thibodaux Lafourche LA 70301 Self Storage Self Storage
37 Loan 18 1 Abbotts Bridge Office 0.7% 100.0% AREF AREF NAP NAP 10700 Abbotts Bridge Road Johns Creek Fulton GA 30097 Office Suburban
38 Loan   1 Atlantic Surf Apartments 0.6% 100.0% AREF AREF NAP NAP 494 South Atlantic Avenue Cocoa Beach Brevard FL 32931 Multifamily Low Rise
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio 0.6%   MSBNA MSMCH NAP NAP Various Brooklyn Kings NY Various Mixed Use Multifamily/Retail
39.01 Property   1 259 5th Avenue 0.3% 55.9%         259 5th Avenue Brooklyn Kings NY 11215 Mixed Use Multifamily/Retail
39.02 Property   1 250 Dekalb Avenue 0.3% 44.1%         250 Dekalb Avenue Brooklyn Kings NY 11205 Mixed Use Multifamily/Retail
40 Loan   1 27th Street Workspaces 0.6% 100.0% AREF AREF 3 NAP 400-650 Northeast 27th Street Pompano Beach Broward FL 33064 Industrial Flex
41 Loan F 1 1165-1195 Merrill Street 0.6% 100.0% AREF AREF NAP NAP 1165-1195 Merrill Street Menlo Park San Mateo CA 94025 Retail Single Tenant
42 Loan 20 1 True Rudder 0.5% 100.0% AREF AREF 3 NAP 801-901 Barnett Drive Lake Worth Beach Palm Beach FL 33461 Industrial Warehouse/Distribution
43 Loan 21 1 2801 Finley Road 0.4% 100.0% MSBNA MSMCH NAP NAP 2801 Finley Road Downers Grove DuPage IL 60515 Office Suburban

 

A-1-1

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Year Built Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate % Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($) Amortization Type
1 Loan   1 300 East 34th Street 1974 NAP 359 Units 208,913.65 75,000,000 75,000,000 75,000,000 2.32000% 0.01738% 2.30262% NAP 147,013.89 NAP 1,764,166.68 Interest Only
2 Loan 5 1 U.S. Steel Tower 1970 2014 2,336,270 SF 68.49 60,000,000 60,000,000 60,000,000 3.68297% 0.01738% 3.66559% NAP 186,706.07 NAP 2,240,472.84 Interest Only
3 Loan 5, 7, 9 1 The Domain 2007 2015-2018 886,526 SF 236.88 50,000,000 50,000,000 50,000,000 3.09400% 0.01738% 3.07662% NAP 130,707.18 NAP 1,568,486.16 Interest Only
4 Loan 11 1 La Alameda Shopping Center 2008 NAP 244,563 SF 163.56 40,000,000 40,000,000 40,000,000 3.28000% 0.03738% 3.24262% NAP 110,851.85 NAP 1,330,222.20 Interest Only
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 Various Various 352,064 SF 113.62 40,000,000 40,000,000 27,252,735 2.56490% 0.01738% 2.54752% 180,756.88 NAP 2,169,082.56 NAP Amortizing Balloon - ARD
5.01 Property   1 U-Haul Moving & Storage Of Inkster 1961 2001 66,121 SF   6,742,825 6,742,825 4,594,011                
5.02 Property   1 U-Haul Moving & Storage Of Downtown 1914 NAP 19,990 SF   6,252,438 6,252,438 4,259,901                
5.03 Property   1 U-Haul Moving & Storage Of Thornton 1979 NAP 28,790 SF   5,962,664 5,962,664 4,062,473                
5.04 Property   1 U-Haul Moving & Storage Of Belmont 1993 NAP 23,072 SF   5,427,696 5,427,696 3,697,989                
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway 2000 NAP 64,950 SF   4,268,598 4,268,598 2,908,274                
5.06 Property   1 U-Haul Moving & Storage Of Dayton 1900 2001 52,486 SF   4,023,405 4,023,405 2,741,220                
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville 1985 2002 31,222 SF   3,064,921 3,064,921 2,088,187                
5.08 Property   1 U-Haul Moving & Storage At Austin Highway 1980 NAP 43,552 SF   2,229,033 2,229,033 1,518,681                
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale 1979 NAP 21,881 SF   2,028,420 2,028,420 1,382,000                
6 Loan   1 2600 Redondo 1987 NAP 150,814 SF 245.34 37,000,000 37,000,000 37,000,000 3.87000% 0.01738% 3.85262% NAP 120,982.29 NAP 1,451,787.48 Interest Only
7 Loan   1 Granite Tower 1999 2019 241,071 SF 150.58 36,300,000 36,300,000 36,300,000 3.72000% 0.01738% 3.70262% NAP 114,092.92 NAP 1,369,115.04 Interest Only
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio Various 2020 251 Units 131,474.10 33,000,000 33,000,000 33,000,000 3.82000% 0.01738% 3.80262% NAP 106,509.03 NAP 1,278,108.36 Interest Only
8.01 Property   1 261 Lenox Road 1956 2020 121 Units   16,694,118 16,694,118 16,694,118                
8.02 Property   1 141 Lenox Road 1954 2020 67 Units   8,347,059 8,347,059 8,347,059                
8.03 Property   1 250 Parkville Avenue 1963 2020 63 Units   7,958,824 7,958,824 7,958,824                
9 Loan   1 Evanston Plaza 1987 2015 212,759 SF 123.38 26,250,000 26,250,000 22,126,189 3.93500% 0.01738% 3.91762% 124,339.84 87,273.65 1,492,078.08 1,047,283.80 Interest Only, Amortizing Balloon
10 Loan   1 150 Thornhill 1977 1999 416,512 SF 62.81 26,200,000 26,160,119 23,649,896 3.69000% 0.01738% 3.67262% 120,446.00 81,683.96 1,445,352.00 980,207.52 Amortizing Balloon, Interest Only
11 Loan   1 Snohomish Station Shopping Center 2008, 2012 NAP 179,829 SF 140.69 25,300,000 25,300,000 25,300,000 3.32000% 0.01738% 3.30262% NAP 70,968.84 NAP 851,626.08 Interest Only
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee 1982-1986 NAP 629,190 SF 79.44 22,500,000 22,492,500 22,050,000 3.93800% 0.01613% 3.92187% 82,201.40 74,863.02 986,416.80 898,356.24 Interest Only
13 Loan 13 1 Tower Point at the Highlands 1999 NAP 157,727 SF 126.80 20,000,000 20,000,000 16,202,187 4.48500% 0.01738% 4.46762% 101,158.89 NAP 1,213,906.68 NAP Amortizing Balloon
14 Loan   1 6304 Spine Road 1965 1968, 1997 170,998 SF 110.76 19,000,000 18,940,019 14,759,505 3.32500% 0.01738% 3.30762% 83,473.31 NAP 1,001,679.72 NAP Amortizing Balloon
15 Loan   1 Shoppes of Carrollwood & Colonial Square 1982, 1985, 2007 2005 162,207 SF 114.05 18,500,000 18,500,000 16,691,112 3.54600% 0.06488% 3.48112% 83,549.03 55,426.77 1,002,588.36 665,121.25 Interest Only, Amortizing Balloon
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio Various NAP 273,512 SF 60.33 16,500,000 16,500,000 15,513,500 3.15000% 0.01738% 3.13262% 70,906.59 43,914.06 850,879.08 526,968.75 Interest Only, Amortizing Balloon
16.01 Property   1 Winchester Office Building 1987 NAP 127,810 SF   8,500,000 8,500,000 7,991,803                
16.02 Property   1 Moorefield Office Park 1984 NAP 145,702 SF   8,000,000 8,000,000 7,521,697                
17 Loan   1 High Meadow Apartments 2007 NAP 208 Units 73,197.12 15,225,000 15,225,000 15,225,000 3.84000% 0.01738% 3.82262% NAP 49,396.67 NAP 592,760.04 Interest Only
18 Loan 6, 14 2 Martin Downs & Metro Gateway Various NAP 109,188 SF 138.11 15,100,000 15,079,825 12,203,352 4.42000% 0.01738% 4.40262% 75,793.39 NAP 909,520.68 NAP Amortizing Balloon
18.01 Property   1 Martin Downs 2006 NAP 36,292 SF   8,523,111 8,511,723 6,888,114                
18.02 Property   1 Metro Gateway 1977 NAP 72,896 SF   6,576,889 6,568,102 5,315,238                
19 Loan   1 Casa Grande Flexible Apartments 2008 2015 372 Units 37,634.41 14,000,000 14,000,000 12,698,007 3.85000% 0.01738% 3.83262% 65,633.15 45,540.51 787,597.80 546,486.12 Interest Only, Amortizing Balloon
20 Loan 15, 16 1 Glenwood Farms 1948 2004 232,623 SF 55.88 13,000,000 13,000,000 10,603,796 3.80000% 0.01738% 3.78262% 60,574.46 41,738.43 726,893.52 500,861.16 Interest Only, Amortizing Balloon
21 Loan 7 1 Summerhill Marketplace 1997, 2009 NAP 88,679 SF 140.96 12,500,000 12,500,000 10,840,237 4.01800% 0.01738% 4.00062% 59,806.70 42,435.47 717,680.40 509,225.69 Interest Only, Amortizing Balloon
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio Various 2020 14 Units 821,428.57 11,500,000 11,500,000 11,500,000 4.01000% 0.01738% 3.99262% NAP 38,962.91 NAP 467,554.92 Interest Only
22.01 Property   1 74 1st Place 1910 2020 5 Units   3,391,854 3,391,854 3,391,854                
22.02 Property   1 228 Livingston Street 1920 2020 2 Units   2,907,303 2,907,303 2,907,303                
22.03 Property   1 710 Degraw Street 1920 2020 4 Units   2,842,697 2,842,697 2,842,697                
22.04 Property   1 302 5th Street 1910 2020 3 Units   2,358,146 2,358,146 2,358,146                
23 Loan   1 Willow Lawn 2008 NAP 47,778 SF 225.00 10,750,000 10,750,000 9,649,871 3.26400% 0.01738% 3.24662% 46,867.32 29,646.11 562,407.84 355,753.33 Interest Only, Amortizing Balloon
24 Loan   1 South York Plaza 1990 NAP 125,743 SF 81.12 10,200,000 10,200,000 10,200,000 3.41500% 0.01738% 3.39762% NAP 29,430.66 NAP 353,167.92 Interest Only
25 Loan B, 7 1 Home Depot Warehouse 1985, 2016 NAP 310,316 SF 31.99 9,950,000 9,926,715 8,159,913 4.85000% 0.01738% 4.83262% 52,505.34 NAP 630,064.08 NAP Amortizing Balloon
26 Loan   1 39 Suydam 2015 NAP 37 Units 250,000.00 9,250,000 9,250,000 9,250,000 3.61000% 0.01738% 3.59262% NAP 28,213.57 NAP 338,562.84 Interest Only
27 Loan C 1 Guardian Storage Westminster 2009 NAP 85,617 SF 94.61 8,100,000 8,100,000 8,100,000 3.50000% 0.04738% 3.45262% NAP 23,953.13 NAP 287,437.50 Interest Only
28 Loan   1 Porte De L’eau Plaza 1984 NAP 88,616 SF 90.12 7,986,000 7,986,000 6,228,457 3.43000% 0.01738% 3.41262% 35,549.39 NAP 426,592.68 NAP Amortizing Balloon
29 Loan D 1 Guardian Storage Washington 1980 2005, 2020 80,781 SF 96.56 7,800,000 7,800,000 7,800,000 3.22000% 0.04738% 3.17262% NAP 21,220.69 NAP 254,648.33 Interest Only
30 Loan E, 7 1 Briar Creek Plaza 1999 NAP 65,862 SF 113.87 7,500,000 7,500,000 6,745,320 3.37500% 0.01738% 3.35762% 33,157.22 21,386.72 397,886.64 256,640.63 Interest Only, Amortizing Balloon
31 Loan 8, 15, 17 1 180 East 79th Street 1930 2008 118 Units 55,084.75 6,500,000 6,500,000 6,500,000 2.74000% 0.01738% 2.72262% NAP 15,047.80 NAP 180,573.60 Interest Only
32 Loan   1 Captree Shopping Center 1956 NAP 110,901 SF 54.10 6,000,000 6,000,000 6,000,000 3.06500% 0.01738% 3.04762% NAP 15,537.85 NAP 186,454.20 Interest Only
33 Loan   1 El Dorado Apartments 1973 NAP 164 Units 36,585.37 6,000,000 6,000,000 4,730,519 3.72000% 0.05738% 3.66262% 27,684.90 NAP 332,218.80 NAP Amortizing Balloon
34 Loan   1 Arlingate Plaza 1981, 1985 NAP 115,639 SF 51.89 6,000,000 6,000,000 6,000,000 3.48500% 0.01738% 3.46762% NAP 17,667.01 NAP 212,004.12 Interest Only
35 Loan   1 Sportsmans Warehouse 1994 2007 48,704 SF 121.14 5,900,000 5,900,000 5,900,000 3.67000% 0.01738% 3.65262% NAP 18,294.78 NAP 219,537.36 Interest Only
36 Loan 6 2 Tiger and AA Self Storage Various NAP 124,098 SF 44.32 5,500,000 5,500,000 4,761,528 3.94700% 0.01738% 3.92962% 26,090.07 18,341.67 313,080.84 220,100.07 Interest Only, Amortizing Balloon
36.01 Property   1 AA Self Storage 2001-2010 NAP 85,058 SF   3,200,000 3,200,000 2,770,344                
36.02 Property   1 Tiger Self Storage 2004-2017 NAP 39,040 SF   2,300,000 2,300,000 1,991,185                
37 Loan 18 1 Abbotts Bridge Office 2001 NAP 69,130 SF 78.84 5,450,000 5,450,000 4,964,771 4.11000% 0.01738% 4.09262% 26,365.94 NAP 316,391.28 NAP Amortizing Balloon
38 Loan   1 Atlantic Surf Apartments 1964 NAP 36 Units 138,055.56 4,970,000 4,970,000 4,551,148 4.43000% 0.01738% 4.41262% 24,975.97 18,602.41 299,711.64 223,228.92 Interest Only, Amortizing Balloon
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio Various Various 10 Units 450,000.00 4,500,000 4,500,000 4,500,000 3.57000% 0.01738% 3.55262% NAP 13,573.44 NAP 162,881.28 Interest Only
39.01 Property   1 259 5th Avenue 1925 2013 6 Units   2,516,129 2,516,129 2,516,129                
39.02 Property   1 250 Dekalb Avenue 1879 2012 4 Units   1,983,871 1,983,871 1,983,871                
40 Loan   1 27th Street Workspaces 1972 2018 46,498 SF 96.78 4,500,000 4,500,000 4,500,000 3.59000% 0.01738% 3.57262% NAP 13,649.48 NAP 163,793.76 Interest Only
41 Loan F 1 1165-1195 Merrill Street 2002 NAP 7,463 SF 569.48 4,250,000 4,250,000 3,536,102 5.30000% 0.01738% 5.28262% 23,600.45 NAP 283,205.40 NAP Amortizing Balloon
42 Loan 20 1 True Rudder 1982 NAP 48,024 SF 87.46 4,200,000 4,200,000 4,200,000 3.83000% 0.01738% 3.81262% NAP 13,591.18 NAP 163,094.16 Interest Only
43 Loan 21 1 2801 Finley Road 1977 2021 29,295 SF 112.51 3,300,000 3,295,935 2,707,068 4.86500% 0.01738% 4.84762% 17,443.85 NAP 209,326.20 NAP Amortizing Balloon

 

A-1-2

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period to
Late Charge
(Days)
1 Loan   1 300 East 34th Street No Actual/360 120 119 120 119 0 0 5/28/2021 1 1 7/1/2021 NAP 6/1/2031 NAP 0
2 Loan 5 1 U.S. Steel Tower No Actual/360 60 59 60 59 0 0 5/6/2021 1 1 7/1/2021 NAP 6/1/2026 NAP 5
3 Loan 5, 7, 9 1 The Domain No Actual/360 120 120 120 120 0 0 6/16/2021 0 1 8/1/2021 NAP 7/1/2031 NAP 0
4 Loan 11 1 La Alameda Shopping Center No Actual/360 120 118 120 118 0 0 4/30/2021 2 1 6/1/2021 NAP 5/1/2031 NAP 0
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 Yes Actual/360 0 0 120 120 300 300 6/16/2021 0 1 8/1/2021 8/1/2021 7/1/2031 7/1/2041 0
5.01 Property   1 U-Haul Moving & Storage Of Inkster                                
5.02 Property   1 U-Haul Moving & Storage Of Downtown                                
5.03 Property   1 U-Haul Moving & Storage Of Thornton                                
5.04 Property   1 U-Haul Moving & Storage Of Belmont                                
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway                                
5.06 Property   1 U-Haul Moving & Storage Of Dayton                                
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville                                
5.08 Property   1 U-Haul Moving & Storage At Austin Highway                                
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale                                
6 Loan   1 2600 Redondo No Actual/360 60 60 60 60 0 0 6/7/2021 0 6 8/6/2021 NAP 7/6/2026 NAP 5
7 Loan   1 Granite Tower No Actual/360 120 120 120 120 0 0 6/9/2021 0 1 8/1/2021 NAP 7/1/2031 NAP 5
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio No Actual/360 120 120 120 120 0 0 6/18/2021 0 6 8/6/2021 NAP 7/6/2031 NAP 0
8.01 Property   1 261 Lenox Road                                
8.02 Property   1 141 Lenox Road                                
8.03 Property   1 250 Parkville Avenue                                
9 Loan   1 Evanston Plaza No Actual/360 24 22 120 118 360 360 4/30/2021 2 6 6/6/2021 6/6/2023 5/6/2031 NAP 0
10 Loan   1 150 Thornhill No Actual/360 60 60 120 119 360 359 5/26/2021 1 1 7/1/2021 7/1/2021 6/1/2031 NAP 0
11 Loan   1 Snohomish Station Shopping Center No Actual/360 120 119 120 119 0 0 5/28/2021 1 1 7/1/2021 NAP 6/1/2031 NAP 0
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee No Actual/360 120 119 120 119 0 0 5/24/2021 1 6 7/6/2021 7/6/2021 6/6/2031 NAP 0
13 Loan 13 1 Tower Point at the Highlands No Actual/360 0 0 120 120 360 360 6/17/2021 0 6 8/6/2021 8/6/2021 7/6/2031 NAP 0
14 Loan   1 6304 Spine Road No Actual/360 0 0 120 118 360 358 4/29/2021 2 1 6/1/2021 6/1/2021 5/1/2031 NAP 0
15 Loan   1 Shoppes of Carrollwood & Colonial Square No Actual/360 60 60 120 120 360 360 6/18/2021 0 6 8/6/2021 8/6/2026 7/6/2031 NAP 0
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio No Actual/360 24 24 60 60 360 360 6/15/2021 0 6 8/6/2021 8/6/2023 7/6/2026 NAP 0
16.01 Property   1 Winchester Office Building                                
16.02 Property   1 Moorefield Office Park                                
17 Loan   1 High Meadow Apartments No Actual/360 120 119 120 119 0 0 5/27/2021 1 6 7/6/2021 NAP 6/6/2031 NAP 0
18 Loan 6, 14 2 Martin Downs & Metro Gateway No Actual/360 0 0 120 119 360 359 5/28/2021 1 6 7/6/2021 7/6/2021 6/6/2031 NAP 0
18.01 Property   1 Martin Downs                                
18.02 Property   1 Metro Gateway                                
19 Loan   1 Casa Grande Flexible Apartments No Actual/360 60 60 120 120 360 360 6/18/2021 0 1 8/1/2021 8/1/2026 7/1/2031 NAP 0
20 Loan 15, 16 1 Glenwood Farms No Actual/360 12 12 120 120 360 360 6/22/2021 0 6 8/6/2021 8/6/2022 7/6/2031 NAP 0
21 Loan 7 1 Summerhill Marketplace No Actual/360 36 36 120 120 360 360 6/9/2021 0 6 8/6/2021 8/6/2024 7/6/2031 NAP 0
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio No Actual/360 120 118 120 118 0 0 5/6/2021 2 6 6/6/2021 NAP 5/6/2031 NAP 0
22.01 Property   1 74 1st Place                                
22.02 Property   1 228 Livingston Street                                
22.03 Property   1 710 Degraw Street                                
22.04 Property   1 302 5th Street                                
23 Loan   1 Willow Lawn No Actual/360 60 60 120 120 360 360 6/16/2021 0 6 8/6/2021 8/6/2026 7/6/2031 NAP 0
24 Loan   1 South York Plaza No Actual/360 120 120 120 120 0 0 6/18/2021 0 6 8/6/2021 NAP 7/6/2031 NAP 0
25 Loan B, 7 1 Home Depot Warehouse No Actual/360 0 0 120 118 360 358 4/15/2021 2 1 6/1/2021 6/1/2021 5/1/2031 NAP 0
26 Loan   1 39 Suydam No Actual/360 120 120 120 120 0 0 6/10/2021 0 1 8/1/2021 NAP 7/1/2031 NAP 0
27 Loan C 1 Guardian Storage Westminster No Actual/360 120 120 120 120 0 0 6/10/2021 0 6 8/6/2021 NAP 7/6/2031 NAP 0
28 Loan   1 Porte De L’eau Plaza No Actual/360 0 0 120 120 360 360 6/17/2021 0 6 8/6/2021 8/6/2021 7/6/2031 NAP 0
29 Loan D 1 Guardian Storage Washington No Actual/360 120 120 120 120 0 0 6/10/2021 0 6 8/6/2021 NAP 7/6/2031 NAP 0
30 Loan E, 7 1 Briar Creek Plaza No Actual/360 60 59 120 119 360 360 6/4/2021 1 6 7/6/2021 7/6/2026 6/6/2031 NAP 0
31 Loan 8, 15, 17 1 180 East 79th Street No Actual/360 120 119 120 119 0 0 5/28/2021 1 1 7/1/2021 NAP 6/1/2031 NAP 0
32 Loan   1 Captree Shopping Center No Actual/360 120 120 120 120 0 0 6/7/2021 0 1 8/1/2021 NAP 7/1/2031 NAP 5
33 Loan   1 El Dorado Apartments No Actual/360 0 0 120 120 360 360 6/16/2021 0 6 8/6/2021 8/6/2021 7/6/2031 NAP 0
34 Loan   1 Arlingate Plaza No Actual/360 120 120 120 120 0 0 6/18/2021 0 6 8/6/2021 NAP 7/6/2031 NAP 0
35 Loan   1 Sportsmans Warehouse No Actual/360 120 119 120 119 0 0 5/14/2021 1 5 7/5/2021 NAP 6/5/2031 NAP 0
36 Loan 6 2 Tiger and AA Self Storage No Actual/360 36 36 120 120 360 360 6/17/2021 0 6 8/6/2021 8/6/2024 7/6/2031 NAP 0
36.01 Property   1 AA Self Storage                                
36.02 Property   1 Tiger Self Storage                                
37 Loan 18 1 Abbotts Bridge Office No Actual/360 0 0 60 60 360 360 6/15/2021 0 6 8/6/2021 8/6/2021 7/6/2026 NAP 0
38 Loan   1 Atlantic Surf Apartments No Actual/360 60 60 120 120 360 360 6/17/2021 0 6 8/6/2021 8/6/2026 7/6/2031 NAP 0
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio No Actual/360 120 120 120 120 0 0 6/4/2021 0 1 8/1/2021 NAP 7/1/2031 NAP 5
39.01 Property   1 259 5th Avenue                                
39.02 Property   1 250 Dekalb Avenue                                
40 Loan   1 27th Street Workspaces No Actual/360 120 120 120 120 0 0 6/16/2021 0 6 8/6/2021 NAP 7/6/2031 NAP 0
41 Loan F 1 1165-1195 Merrill Street No Actual/360 0 0 120 120 360 360 6/21/2021 0 6 8/6/2021 8/6/2021 7/6/2031 NAP 0
42 Loan 20 1 True Rudder No Actual/360 120 119 120 119 0 0 5/14/2021 1 6 7/6/2021 NAP 6/6/2031 NAP 0
43 Loan 21 1 2801 Finley Road No Actual/360 0 0 120 119 360 359 5/17/2021 1 1 7/1/2021 7/1/2021 6/1/2031 NAP 0

 

A-1-3

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Grace Period to Default
(Days)
Prepayment Provisions
(No. of Payments)
Most Recent EGI ($) Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($) Third Most Recent Expenses ($)
1 Loan   1 300 East 34th Street 5 L(25),D(90),O(5) 18,156,888 10,209,604 7,947,284 3/31/2021 T-12 18,707,347 10,333,576 8,373,771 12/31/2020 T-12 19,669,523 10,106,503
2 Loan 5 1 U.S. Steel Tower 5 L(25),D(31),O(4) 51,267,871 26,570,303 24,697,568 12/31/2020 T-12 52,574,626 27,225,288 25,349,338 12/31/2019 T-12 53,083,428 27,790,668
3 Loan 5, 7, 9 1 The Domain 0 L(24),D(89),O(7) 37,016,924 11,245,945 25,770,979 4/30/2021 T-12 36,475,250 11,547,946 24,927,304 12/31/2020 T-12 48,190,523 19,445,573
4 Loan 11 1 La Alameda Shopping Center 5 L(26),D(90),O(4) 6,714,242 2,810,013 3,904,230 3/31/2021 T-12 6,341,372 2,787,500 3,553,872 12/31/2020 T-12 6,697,618 2,862,507
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 0 L(24),D(93),O(3) 6,300,135 1,849,857 4,450,278 4/30/2021 T-12 6,299,709 1,878,157 4,421,553 12/31/2020 T-12 6,327,042 1,704,689
5.01 Property   1 U-Haul Moving & Storage Of Inkster     1,081,497 284,206 797,291 4/30/2021 T-12 1,090,100 290,276 799,824 12/31/2020 T-12 1,147,067 289,142
5.02 Property   1 U-Haul Moving & Storage Of Downtown     800,721 131,391 669,331 4/30/2021 T-12 755,205 154,402 600,804 12/31/2020 T-12 807,575 129,656
5.03 Property   1 U-Haul Moving & Storage Of Thornton     851,560 204,496 647,065 4/30/2021 T-12 833,671 208,784 624,887 12/31/2020 T-12 774,376 183,179
5.04 Property   1 U-Haul Moving & Storage Of Belmont     731,483 216,432 515,051 4/30/2021 T-12 734,361 214,760 519,601 12/31/2020 T-12 677,049 196,352
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway     844,904 285,056 559,848 4/30/2021 T-12 870,011 287,477 582,535 12/31/2020 T-12 883,892 250,149
5.06 Property   1 U-Haul Moving & Storage Of Dayton     658,780 205,031 453,749 4/30/2021 T-12 650,637 200,486 450,152 12/31/2020 T-12 629,579 196,948
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville     491,872 161,313 330,559 4/30/2021 T-12 515,178 161,229 353,949 12/31/2020 T-12 575,025 112,934
5.08 Property   1 U-Haul Moving & Storage At Austin Highway     480,526 211,090 269,436 4/30/2021 T-12 488,489 213,665 274,824 12/31/2020 T-12 464,840 215,666
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale     358,791 150,843 207,948 4/30/2021 T-12 362,057 147,079 214,979 12/31/2020 T-12 367,639 130,662
6 Loan   1 2600 Redondo 0 L(24),D(31),O(5) 4,387,900 1,317,430 3,070,471 12/31/2020 T-12 4,331,796 1,423,070 2,908,726 12/31/2019 T-12 4,283,613 1,523,984
7 Loan   1 Granite Tower 5 L(24),D(91),O(5) 5,101,077 2,761,739 2,339,338 3/31/2021 T-12 4,341,437 2,748,478 1,592,960 12/31/2020 T-12 3,360,682 2,892,031
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio 0 L(24),D(90),O(6) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.01 Property   1 261 Lenox Road     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.02 Property   1 141 Lenox Road     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.03 Property   1 250 Parkville Avenue     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 Evanston Plaza 0 L(26),D(89),O(5) 4,303,325 1,387,898 2,915,426 3/31/2021 T-12 4,037,983 1,625,390 2,412,593 12/31/2020 T-12 3,643,584 1,924,285
10 Loan   1 150 Thornhill 5 L(25),D(91),O(4) 4,249,393 913,150 3,336,243 2/28/2021 T-12 4,063,668 944,182 3,119,486 12/31/2020 T-12 3,050,304 794,729
11 Loan   1 Snohomish Station Shopping Center 5 L(25),D(91),O(4) 3,480,154 686,325 2,793,829 3/31/2021 T-12 3,575,656 689,947 2,885,709 12/31/2020 T-12 3,465,733 643,677
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee 0 L(25),D(91),O(4) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 13 1 Tower Point at the Highlands 0 L(24),D(91),O(5) 3,092,262 1,233,070 1,859,192 3/31/2021 T-12 3,071,466 1,197,339 1,874,127 12/31/2020 T-12 3,178,874 1,211,138
14 Loan   1 6304 Spine Road 5 L(26),D(89),O(5) 3,299,951 1,524,067 1,775,884 12/31/2020 T-12 3,188,263 1,448,665 1,739,597 12/31/2019 T-12 2,930,334 1,478,250
15 Loan   1 Shoppes of Carrollwood & Colonial Square 0 L(24),D(92),O(4) 3,750,157 1,245,354 2,504,803 4/30/2021 T-12 3,586,831 1,252,539 2,334,292 12/31/2020 T-12 3,771,026 1,346,820
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio 0 L(24),YM1(31),O(5) 3,677,235 1,734,173 1,943,062 3/31/2021 T-12 3,696,887 1,706,461 1,990,426 12/31/2020 T-12 3,998,087 1,773,720
16.01 Property   1 Winchester Office Building     1,952,986 808,874 1,144,111 3/31/2021 T-12 1,917,441 774,592 1,142,849 12/31/2020 T-12 1,919,760 793,462
16.02 Property   1 Moorefield Office Park     1,724,250 925,299 798,951 3/31/2021 T-12 1,779,446 931,869 847,577 12/31/2020 T-12 2,078,327 980,258
17 Loan   1 High Meadow Apartments 0 L(25),D(91),O(4) 2,131,802 872,196 1,259,606 4/31/2021 T-12 2,038,382 853,714 1,184,668 12/31/2020 T-12 1,927,211 840,326
18 Loan 6, 14 2 Martin Downs & Metro Gateway 0 L(25),D(92),O(3) 2,317,507 703,649 1,613,858 3/31/2021 T-12 2,403,597 703,373 1,700,225 12/31/2020 T-12 2,472,914 697,013
18.01 Property   1 Martin Downs     1,282,453 388,365 894,088 3/31/2021 T-12 1,334,611 400,373 934,238 12/31/2020 T-12 1,401,143 378,482
18.02 Property   1 Metro Gateway     1,035,053 315,283 719,770 3/31/2021 T-12 1,068,986 303,000 765,987 12/31/2020 T-12 1,071,772 318,530
19 Loan   1 Casa Grande Flexible Apartments 5 L(24),D(92),O(4) 4,413,604 2,336,651 2,076,953 4/30/2021 T-12 4,287,936 2,335,208 1,952,728 12/31/2020 T-12 4,110,317 2,292,839
20 Loan 15, 16 1 Glenwood Farms 0 L(24),D(92),O(4) 2,343,631 1,055,251 1,288,380 2/28/2021 T-12 2,301,241 1,112,960 1,188,281 12/31/2020 T-12 2,018,884 1,056,955
21 Loan 7 1 Summerhill Marketplace 0 L(24),D(92),O(4) 1,847,321 603,033 1,244,288 4/30/2021 T-12 1,550,475 589,207 961,268 12/31/2020 T-12 1,938,447 703,114
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio 0 L(26),D(91),O(3) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.01 Property   1 74 1st Place     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.02 Property   1 228 Livingston Street     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.03 Property   1 710 Degraw Street     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.04 Property   1 302 5th Street     NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Willow Lawn 0 L(24),D(91),O(5) 1,470,262 328,450 1,141,812 4/30/2021 T-12 1,459,596 315,541 1,144,056 12/31/2020 T-12 1,448,922 326,194
24 Loan   1 South York Plaza 0 L(24),D(91),O(5) 1,631,347 473,750 1,157,597 4/30/2021 T-12 1,588,682 486,298 1,102,384 12/31/2020 T-12 1,756,538 561,489
25 Loan B, 7 1 Home Depot Warehouse 5 L(26),DorYM1(89),O(5) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 39 Suydam 5 L(24),D(92),O(4) 1,019,016 189,606 829,410 3/31/2021 T-12 1,047,306 191,419 855,887 12/31/2020 T-12 1,076,103 199,160
27 Loan C 1 Guardian Storage Westminster 0 L(24),YM1(92),O(4) 1,294,272 602,947 691,325 4/30/2021 T-12 1,294,876 590,328 704,548 12/31/2020 T-12 1,304,838 594,532
28 Loan   1 Porte De L’eau Plaza 0 L(24),D(93),O(3) 1,475,992 394,458 1,081,535 4/30/2021 T-12 1,489,925 276,427 1,213,498 12/31/2020 T-12 1,522,780 250,972
29 Loan D 1 Guardian Storage Washington 0 L(24),YM1(92),O(4) 1,222,920 459,796 763,124 4/30/2021 T-12 1,199,336 456,492 742,844 12/31/2020 T-12 1,162,698 442,832
30 Loan E, 7 1 Briar Creek Plaza 0 L(24),YM1(92),O(4) 1,084,745 224,734 860,011 2/28/2021 T-12 1,083,223 209,100 874,123 12/31/2020 T-12 1,075,184 208,764
31 Loan 8, 15, 17 1 180 East 79th Street 5 L(25),D(90),O(5) NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 Captree Shopping Center 5 L(24),D(92),O(4) 3,239,796 1,282,094 1,957,702 12/31/2020 T-12 3,285,076 1,265,847 2,019,229 12/31/2019 T-12 NAP NAP
33 Loan   1 El Dorado Apartments 0 L(24),D(92),O(4) 1,266,156 628,851 637,305 3/31/2021 T-12 1,267,080 675,928 591,152 12/31/2020 T-12 1,218,147 730,358
34 Loan   1 Arlingate Plaza 0 L(24),D(92),O(4) 1,034,377 321,820 712,557 4/30/2021 T-12 1,002,707 294,507 708,200 12/31/2020 T-12 1,029,436 367,574
35 Loan   1 Sportsmans Warehouse 0 L(25),D(91),O(4) 894,180 162,290 731,890 12/31/2020 T-12 NAP NAP NAP NAP NAP NAP NAP
36 Loan 6 2 Tiger and AA Self Storage 0 L(24),D(91),O(5) 906,338 301,160 605,178 4/30/2021 T-12 886,764 309,393 577,371 12/31/2020 T-12 879,415 314,181
36.01 Property   1 AA Self Storage     567,794 224,451 343,343 4/30/2021 T-12 556,307 235,001 321,306 12/31/2020 T-12 561,452 237,802
36.02 Property   1 Tiger Self Storage     338,544 76,709 261,835 4/30/2021 T-12 330,457 74,391 256,066 12/31/2020 T-12 317,963 76,379
37 Loan 18 1 Abbotts Bridge Office 0 L(24),D(33),O(3) 776,101 227,135 548,966 3/31/2021 T-12 665,636 231,042 434,595 12/31/2020 T-12 634,903 230,406
38 Loan   1 Atlantic Surf Apartments 0 L(24),D(91),O(5) 354,246 113,345 240,902 4/30/2021 T-12 310,167 112,380 197,787 12/31/2020 T-12 NAP NAP
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio 5 L(24),D(92),O(4) 576,003 99,035 476,968 12/31/2020 T-12 505,712 107,838 397,874 12/31/2019 T-12 NAP NAP
39.01 Property   1 259 5th Avenue     332,122 48,778 283,344 12/31/2020 T-12 311,671 58,584 253,087 12/31/2019 T-12 NAP NAP
39.02 Property   1 250 Dekalb Avenue     243,881 50,257 193,624 12/31/2020 T-12 194,041 49,254 144,787 12/31/2019 T-12 NAP NAP
40 Loan   1 27th Street Workspaces 0 L(24),D(92),O(4) 539,565 174,727 364,839 5/31/2021 T-12 480,125 169,505 310,620 12/31/2020 T-12 426,379 145,312
41 Loan F 1 1165-1195 Merrill Street 0 L(37),YM2(80),O(3) 275,156 80,424 194,733 5/31/2021 T-12 NAP NAP NAP NAP NAP NAP NAP
42 Loan 20 1 True Rudder 0 L(25),D(91),O(4) 607,749 192,129 415,620 3/31/2021 T-12 561,831 208,253 353,578 12/31/2020 T-12 457,357 226,868
43 Loan 21 1 2801 Finley Road 5 L(25),D(91),O(4) 167,425 164,518 2,907 3/31/2021 T-12 125,228 163,864 (38,636) 12/31/2020 T-12 NAP NAP

 

A-1-4

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%)
1 Loan   1 300 East 34th Street 9,563,020 12/31/2019 T-12 93.2% 18,105,037 9,294,644 8,810,393 93,590 80,804 8,635,999 4.99 4.90 11.7%
2 Loan 5 1 U.S. Steel Tower 25,292,760 12/31/2018 T-12 73.2% 46,184,529 27,710,549 18,473,980 513,979 936,441 17,023,559 3.09 2.85 11.5%
3 Loan 5, 7, 9 1 The Domain 28,744,950 12/31/2019 T-12 93.5% 45,170,187 16,213,342 28,956,844 132,979 1,329,789 27,494,076 4.40 4.17 13.8%
4 Loan 11 1 La Alameda Shopping Center 3,835,111 12/31/2019 T-12 81.4% 7,248,761 2,829,865 4,418,896 36,684 363,638 4,018,574 3.32 3.02 11.0%
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 4,622,353 12/31/2019 T-12 83.8% 6,196,570 1,881,913 4,314,657 59,293 0 4,255,364 1.99 1.96 10.8%
5.01 Property   1 U-Haul Moving & Storage Of Inkster 857,925 12/31/2019 T-12 85.1% 1,081,497 310,777 770,721 12,701 0 758,019      
5.02 Property   1 U-Haul Moving & Storage Of Downtown 677,919 12/31/2019 T-12 84.7% 768,308 145,775 622,533 3,538 0 618,996      
5.03 Property   1 U-Haul Moving & Storage Of Thornton 591,197 12/31/2019 T-12 91.5% 851,560 204,489 647,071 5,957 0 641,115      
5.04 Property   1 U-Haul Moving & Storage Of Belmont 480,697 12/31/2019 T-12 85.9% 731,483 216,652 514,831 3,461 0 511,370      
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway 633,743 12/31/2019 T-12 79.1% 772,220 268,773 503,447 9,743 0 493,704      
5.06 Property   1 U-Haul Moving & Storage Of Dayton 432,631 12/31/2019 T-12 82.1% 660,312 205,436 454,876 8,220 0 446,656      
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville 462,091 12/31/2019 T-12 82.7% 491,872 158,774 333,098 4,683 0 328,415      
5.08 Property   1 U-Haul Moving & Storage At Austin Highway 249,173 12/31/2019 T-12 71.2% 480,526 220,618 259,907 7,521 0 252,386      
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale 236,977 12/31/2019 T-12 86.6% 358,791 150,618 208,173 3,470 0 204,702      
6 Loan   1 2600 Redondo 2,759,629 12/31/2018 T-12 95.0% 4,815,586 1,314,054 3,501,533 30,163 150,814 3,320,556 2.41 2.29 9.5%
7 Loan   1 Granite Tower 468,651 12/31/2019 T-12 93.4% 6,782,471 3,003,669 3,778,802 48,214 335,089 3,395,499 2.76 2.48 10.4%
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio NAP NAP NAP 71.1% 4,305,089 1,794,086 2,511,003 50,200 0 2,460,803 1.96 1.93 7.6%
8.01 Property   1 261 Lenox Road NAP NAP NAP 70.7% 2,097,188 837,637 1,259,551 24,200 0 1,235,351      
8.02 Property   1 141 Lenox Road NAP NAP NAP 70.9% 1,145,703 502,957 642,746 13,400 0 629,346      
8.03 Property   1 250 Parkville Avenue NAP NAP NAP 72.2% 1,062,198 453,491 608,706 12,600 0 596,106      
9 Loan   1 Evanston Plaza 1,719,299 12/31/2019 T-12 95.0% 4,544,415 1,771,896 2,772,518 42,552 159,569 2,570,397 1.86 1.72 10.6%
10 Loan   1 150 Thornhill 2,255,575 12/31/2019 T-12 96.0% 3,454,173 925,679 2,528,494 52,825 149,944 2,325,725 1.75 1.61 9.7%
11 Loan   1 Snohomish Station Shopping Center 2,822,056 12/31/2019 T-12 95.7% 3,300,883 682,738 2,618,145 26,974 147,460 2,443,711 3.07 2.87 10.3%
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee NAP NAP NAP 100.0% 4,379,888 0 4,379,888 0 0 4,379,888 2.00 2.00 8.8%
13 Loan 13 1 Tower Point at the Highlands 1,967,737 12/31/2019 T-12 90.2% 3,336,406 1,243,722 2,092,684 31,545 61,591 1,999,548 1.72 1.65 11.5%
14 Loan   1 6304 Spine Road 1,452,084 12/31/2018 T-12 96.8% 3,814,099 1,541,697 2,272,402 17,100 160,738 2,094,564 2.27 2.09 12.0%
15 Loan   1 Shoppes of Carrollwood & Colonial Square 2,424,206 12/31/2019 T-12 92.3% 3,672,373 1,299,661 2,372,712 32,441 162,207 2,178,063 2.37 2.17 12.8%
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio 2,224,367 12/31/2019 T-12 83.3% 3,998,689 1,702,592 2,296,097 97,426 185,037 2,013,633 2.70 2.37 13.9%
16.01 Property   1 Winchester Office Building 1,126,298 12/31/2019 T-12 91.5% 2,084,198 791,148 1,293,050 52,402 98,993 1,141,655      
16.02 Property   1 Moorefield Office Park 1,098,069 12/31/2019 T-12 76.0% 1,914,492 911,444 1,003,047 45,024 86,045 871,978      
17 Loan   1 High Meadow Apartments 1,086,885 12/31/2019 T-12 91.3% 2,172,966 914,492 1,258,474 62,400 0 1,196,074 2.12 2.02 8.3%
18 Loan 6, 14 2 Martin Downs & Metro Gateway 1,775,902 12/31/2019 T-12 88.4% 2,319,041 717,223 1,601,818 27,281 94,188 1,480,349 1.76 1.63 10.9%
18.01 Property   1 Martin Downs 1,022,661 12/31/2019 T-12 88.5% 1,234,126 397,645 836,481 12,702 31,306 792,472      
18.02 Property   1 Metro Gateway 753,241 12/31/2019 T-12 88.3% 1,084,915 319,578 765,337 14,579 62,882 687,877      
19 Loan   1 Casa Grande Flexible Apartments 1,817,478 12/31/2019 T-12 84.5% 4,514,700 2,336,787 2,177,913 111,600 0 2,066,313 2.77 2.62 15.6%
20 Loan 15, 16 1 Glenwood Farms 961,929 12/31/2019 T-12 91.2% 2,519,368 1,092,706 1,426,663 76,746 0 1,349,917 1.96 1.86 11.9%
21 Loan 7 1 Summerhill Marketplace 1,235,334 12/31/2019 T-12 92.9% 1,934,785 687,934 1,246,851 17,736 44,340 1,184,776 1.74 1.65 10.0%
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio NAP NAP NAP 94.6% 938,041 124,837 813,204 3,250 0 809,954 1.74 1.73 7.1%
22.01 Property   1 74 1st Place NAP NAP NAP 95.0% 281,436 33,157 248,280 1,000 0 247,280      
22.02 Property   1 228 Livingston Street NAP NAP NAP 95.0% 254,409 44,987 209,422 500 0 208,922      
22.03 Property   1 710 Degraw Street NAP NAP NAP 95.0% 219,996 26,155 193,841 1,000 0 192,841      
22.04 Property   1 302 5th Street NAP NAP NAP 95.0% 182,200 20,538 161,662 750 0 160,912      
23 Loan   1 Willow Lawn 1,122,728 12/31/2019 T-12 91.5% 1,487,656 317,493 1,170,163 9,556 35,834 1,124,774 2.08 2.00 10.9%
24 Loan   1 South York Plaza 1,195,049 12/31/2019 T-12 94.1% 1,685,533 554,168 1,131,365 21,376 88,020 1,021,968 3.20 2.89 11.1%
25 Loan B, 7 1 Home Depot Warehouse NAP NAP NAP 96.3% 1,222,950 306,555 916,396 31,032 44,073 841,292 1.45 1.34 9.2%
26 Loan   1 39 Suydam 876,943 12/31/2019 T-12 94.9% 1,074,464 346,540 727,924 9,250 0 718,674 2.15 2.12 7.9%
27 Loan C 1 Guardian Storage Westminster 710,306 12/31/2019 T-12 67.5% 1,294,272 599,818 694,454 8,562 0 685,892 2.42 2.39 8.6%
28 Loan   1 Porte De L’eau Plaza 1,271,808 12/31/2019 T-12 87.3% 1,440,768 334,562 1,106,207 17,723 66,462 1,022,021 2.59 2.40 13.9%
29 Loan D 1 Guardian Storage Washington 719,866 12/31/2019 T-12 64.7% 1,222,920 430,914 792,006 12,117 0 779,889 3.11 3.06 10.2%
30 Loan E, 7 1 Briar Creek Plaza 866,420 12/31/2019 T-12 90.8% 1,062,512 237,899 824,613 9,879 25,431 789,302 2.07 1.98 11.0%
31 Loan 8, 15, 17 1 180 East 79th Street NAP NAP NAP 94.7% 14,129,613 7,024,560 7,105,053 30,405 65,377 7,009,271 39.35 38.82 109.3%
32 Loan   1 Captree Shopping Center NAP NAP NAP 96.2% 3,114,014 1,307,405 1,806,609 28,575 141,953 1,636,080 9.69 8.77 30.1%
33 Loan   1 El Dorado Apartments 487,789 12/31/2019 T-12 93.3% 1,266,156 655,449 610,707 49,200 0 561,507 1.84 1.69 10.2%
34 Loan   1 Arlingate Plaza 661,862 12/31/2019 T-12 86.8% 1,143,147 364,619 778,529 23,128 19,383 736,018 3.67 3.47 13.0%
35 Loan   1 Sportsmans Warehouse NAP NAP NAP 95.9% 920,130 207,314 712,816 7,306 42,860 662,651 3.25 3.02 12.1%
36 Loan 6 2 Tiger and AA Self Storage 565,234 12/31/2019 T-12 81.1% 905,861 358,712 547,149 13,191 0 533,958 1.75 1.71 9.9%
36.01 Property   1 AA Self Storage 323,650 12/31/2019 T-12 74.6% 567,794 252,508 315,286 8,506 0 306,780      
36.02 Property   1 Tiger Self Storage 241,584 12/31/2019 T-12 95.0% 338,067 106,205 231,862 4,685 0 227,178      
37 Loan 18 1 Abbotts Bridge Office 404,497 12/31/2019 T-12 86.1% 953,048 229,410 723,638 13,826 31,413 678,399 2.29 2.14 16.3%
38 Loan   1 Atlantic Surf Apartments NAP NAP NAP 94.0% 531,674 131,465 400,209 9,000 0 391,209 1.34 1.31 8.1%
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio NAP NAP NAP 95.8% 548,618 97,906 450,712 2,401 0 448,311 2.77 2.75 10.0%
39.01 Property   1 259 5th Avenue NAP NAP NAP 96.1% 326,213 47,249 278,963 1,445 0 277,518      
39.02 Property   1 250 Dekalb Avenue NAP NAP NAP 95.5% 222,405 50,656 171,749 956 0 170,793      
40 Loan   1 27th Street Workspaces 281,067 12/31/2019 T-12 94.5% 601,003 167,043 433,961 9,300 9,300 415,362 2.65 2.54 9.6%
41 Loan F 1 1165-1195 Merrill Street NAP NAP NAP 95.0% 465,253 100,429 364,824 1,493 7,463 355,868 1.29 1.26 8.6%
42 Loan 20 1 True Rudder 230,489 12/31/2019 T-12 92.1% 671,116 207,473 463,643 7,204 0 456,440 2.84 2.80 11.6%
43 Loan 21 1 2801 Finley Road NAP NAP NAP 92.5% 483,745 154,241 329,504 5,859 29,531 294,114 1.57 1.41 10.0%

 

A-1-5

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten NCF Debt Yield (%) Appraised Value ($) Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single Tenant (Y/N) Largest Tenant Largest Tenant SF Largest Tenant % of NRA
1 Loan   1 300 East 34th Street 11.5% 231,000,000 As Is 3/23/2021 32.5% 32.5% 95.0% 5/18/2021 No NAP NAP NAP
2 Loan 5 1 U.S. Steel Tower 10.6% 381,500,000 As Is 4/8/2021 41.9% 41.9% 73.2% 4/1/2021 No UPMC 1,078,110 46.1%
3 Loan 5, 7, 9 1 The Domain 13.1% 452,000,000 As Is 5/10/2021 46.5% 46.5% 93.1% 6/3/2021 No Dick’s Clothing & Sporting Goods 80,400 9.1%
4 Loan 11 1 La Alameda Shopping Center 10.0% 79,400,000 As Is 3/9/2021 50.4% 50.4% 83.6% 3/15/2021 No Ross Dress For Less 49,187 20.1%
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 10.6% 71,780,000 As Is Various 55.7% 38.0% 94.1% 6/8/2021        
5.01 Property   1 U-Haul Moving & Storage Of Inkster   12,100,000 As Is 4/7/2021     88.5% 6/8/2021 No NAP NAP NAP
5.02 Property   1 U-Haul Moving & Storage Of Downtown   11,220,000 As Is 4/1/2021     99.7% 6/8/2021 No NAP NAP NAP
5.03 Property   1 U-Haul Moving & Storage Of Thornton   10,700,000 As Is 4/9/2021     95.7% 6/8/2021 No NAP NAP NAP
5.04 Property   1 U-Haul Moving & Storage Of Belmont   9,740,000 As Is 4/6/2021     96.3% 6/8/2021 No NAP NAP NAP
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway   7,660,000 As Is 4/6/2021     95.1% 6/8/2021 No NAP NAP NAP
5.06 Property   1 U-Haul Moving & Storage Of Dayton   7,220,000 As Is 4/7/2021     94.7% 6/8/2021 No NAP NAP NAP
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville   5,500,000 As Is 4/5/2021     90.4% 6/8/2021 No NAP NAP NAP
5.08 Property   1 U-Haul Moving & Storage At Austin Highway   4,000,000 As Is 4/8/2021     95.9% 6/8/2021 No NAP NAP NAP
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale   3,640,000 As Is 4/7/2021     99.5% 6/8/2021 No NAP NAP NAP
6 Loan   1 2600 Redondo 9.0% 58,900,000 As Is 2/19/2021 62.8% 62.8% 97.9% 6/1/2021 No LA County DMH 50,814 33.7%
7 Loan   1 Granite Tower 9.4% 54,300,000 As Is 4/13/2021 66.9% 66.9% 89.9% 4/20/2021 No Signify Health, LLC 151,650 62.9%
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio 7.5% 51,000,000 As Is 3/2/2021 64.7% 64.7% 98.0% 6/10/2021        
8.01 Property   1 261 Lenox Road   25,800,000 As Is 3/2/2021     98.3% 6/10/2021 No NAP NAP NAP
8.02 Property   1 141 Lenox Road   12,900,000 As Is 3/2/2021     98.5% 6/10/2021 No NAP NAP NAP
8.03 Property   1 250 Parkville Avenue   12,300,000 As Is 3/2/2021     96.8% 6/10/2021 No NAP NAP NAP
9 Loan   1 Evanston Plaza 9.8% 37,100,000 As Is 4/5/2021 70.8% 59.6% 97.7% 4/16/2021 No Valli Produce 69,210 32.5%
10 Loan   1 150 Thornhill 8.9% 38,000,000 As Is 3/26/2021 68.8% 62.2% 100.0% 4/1/2021 No Cinelease, Inc. 263,512 63.3%
11 Loan   1 Snohomish Station Shopping Center 9.7% 48,000,000 As Is 3/18/2021 52.7% 52.7% 99.3% 4/6/2021 No Kohl’s 90,000 50.0%
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee 8.8% 69,600,000 As Is 3/17/2021 71.8% 70.4% N/A N/A No NAP NAP NAP
13 Loan 13 1 Tower Point at the Highlands 11.0% 29,400,000 As Is 4/15/2021 62.1% 55.1% 90.4% 5/1/2021 No Fundamental Administrative Services 74,710 47.4%
14 Loan   1 6304 Spine Road 11.1% 30,400,000 As Is “Assuming Reserve Account is Withheld” 2/16/2021 62.3% 48.6% 100.0% 7/1/2021 Yes Lockheed Martin 170,998 100.0%
15 Loan   1 Shoppes of Carrollwood & Colonial Square 11.8% 34,500,000 As Is 5/21/2021 53.6% 48.4% 88.3% 5/31/2021 No You Fit 25,492 15.7%
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio 12.2% 26,800,000 As Is 5/13/2021 61.6% 57.9% 83.4% 6/9/2021        
16.01 Property   1 Winchester Office Building   13,600,000 As Is 5/13/2021     91.6% 6/9/2021 No Dermatology Associates of VA 17,499 13.7%
16.02 Property   1 Moorefield Office Park   13,200,000 As Is 5/13/2021     76.3% 6/9/2021 No Shaw Systems Associates 17,261 11.8%
17 Loan   1 High Meadow Apartments 7.9% 21,400,000 As Is 4/28/2021 71.1% 71.1% 99.0% 5/24/2021 No NAP NAP NAP
18 Loan 6, 14 2 Martin Downs & Metro Gateway 10.0% 22,500,000 As Is Various 65.6% 54.2% 86.8% Various        
18.01 Property   1 Martin Downs   12,700,000 As Is 4/4/2021     88.2% 4/19/2021 No Panera 4,777 13.2%
18.02 Property   1 Metro Gateway   9,800,000 As Is 4/9/2021     86.1% 4/1/2021 No Bull Shooters 22,943 31.5%
19 Loan   1 Casa Grande Flexible Apartments 14.8% 28,900,000 As Is 4/21/2021 48.4% 43.9% 88.2% 6/1/2021 No NAP NAP NAP
20 Loan 15, 16 1 Glenwood Farms 11.2% 20,900,000 As Is 3/23/2021 57.4% 50.7% 97.5% 4/29/2021 No Capital Area MD & Dental 8,019 37.1%
21 Loan 7 1 Summerhill Marketplace 9.5% 20,400,000 As Is 4/26/2021 61.3% 53.1% 94.4% 5/18/2021 No Stop & Shop Supermarket 52,230 58.9%
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio 7.0% 17,800,000 As Is 3/30/2021 64.6% 64.6% 100.0% 4/27/2021        
22.01 Property   1 74 1st Place   5,250,000 As Is 3/30/2021     100.0% 4/27/2021 No NAP NAP NAP
22.02 Property   1 228 Livingston Street   4,500,000 As Is 3/30/2021     100.0% 4/27/2021 No Nature Deli Corp 1,268 50.0%
22.03 Property   1 710 Degraw Street   4,400,000 As Is 3/30/2021     100.0% 4/27/2021 No NAP NAP NAP
22.04 Property   1 302 5th Street   3,650,000 As Is 3/30/2021     100.0% 4/27/2021 No NAP NAP NAP
23 Loan   1 Willow Lawn 10.5% 19,200,000 As Is 5/21/2021 56.0% 50.3% 90.9% 5/31/2021 No Kimley Horn and Associates, Inc. 14,316 30.0%
24 Loan   1 South York Plaza 10.0% 16,000,000 As Is 5/17/2021 63.8% 63.8% 92.4% 6/17/2021 No Giant Produce 68,464 54.4%
25 Loan B, 7 1 Home Depot Warehouse 8.5% 14,500,000 As Is 11/20/2020 68.5% 56.3% 100.0% 7/1/2021 Yes The Home Depot 310,316 100.0%
26 Loan   1 39 Suydam 7.8% 15,650,000 As Is 5/1/2021 59.1% 59.1% 97.3% 3/31/2021 No NAP NAP NAP
27 Loan C 1 Guardian Storage Westminster 8.5% 14,860,000 As Is 5/21/2021 54.5% 54.5% 98.3% 6/7/2021 No NAP NAP NAP
28 Loan   1 Porte De L’eau Plaza 12.8% 12,800,000 As Is 5/17/2021 62.4% 48.7% 87.6% 6/7/2021 No McColly Real Estate 5,905 6.7%
29 Loan D 1 Guardian Storage Washington 10.0% 15,170,000 As Is 5/26/2021 51.4% 51.4% 98.5% 6/7/2021 No NAP NAP NAP
30 Loan E, 7 1 Briar Creek Plaza 10.5% 11,650,000 As Is 4/16/2021 64.4% 57.9% 89.1% 6/3/2021 No Giant Food Store 49,777 75.6%
31 Loan 8, 15, 17 1 180 East 79th Street 107.8% 271,875,000 Gross Sellout 4/19/2021 2.4% 2.4% 100.0% 5/4/2021 No Vivaldi Boutique 5,000 34.6%
32 Loan   1 Captree Shopping Center 27.3% 27,800,000 As Is 3/12/2021 21.6% 21.6% 98.8% 3/17/2021 No Good Samaritan Hospital 34,340 31.0%
33 Loan   1 El Dorado Apartments 9.4% 10,100,000 As Is 3/15/2021 59.4% 46.8% 96.3% 6/15/2021 No NAP NAP NAP
34 Loan   1 Arlingate Plaza 12.3% 10,100,000 As Is 5/12/2021 59.4% 59.4% 87.9% 5/25/2021 No Intertek Testing Services 43,796 37.9%
35 Loan   1 Sportsmans Warehouse 11.2% 10,000,000 As Is - TI in Escrow 3/29/2021 59.0% 59.0% 100.0% 7/5/2021 Yes Sportsman’s Warehouse 48,704 100.0%
36 Loan 6 2 Tiger and AA Self Storage 9.7% 8,890,000 As Is Various 61.9% 53.6% 91.6% Various        
36.01 Property   1 AA Self Storage   5,500,000 As Is 5/3/2021     88.0% 5/6/2021 No NAP NAP NAP
36.02 Property   1 Tiger Self Storage   3,390,000 As Is 5/7/2021     99.6% 6/15/2021 No NAP NAP NAP
37 Loan 18 1 Abbotts Bridge Office 15.2% 9,500,000 As Is 1/26/2021 46.8% 52.3% 100.0% 4/26/2021 No E-Plex GA, Inc 31,568 45.7%
38 Loan   1 Atlantic Surf Apartments 7.9% 7,100,000 As Is 5/13/2021 70.0% 64.1% 94.4% 6/7/2021 No NAP NAP NAP
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio 10.0% 9,300,000 As Is 3/16/2021 48.4% 48.4% 100.0% 4/18/2021        
39.01 Property   1 259 5th Avenue   5,200,000 As Is 3/16/2021     100.0% 4/18/2021 No Brooklyn Burgers & Beers 1,300 100.0%
39.02 Property   1 250 Dekalb Avenue   4,100,000 As Is 3/16/2021     100.0% 4/18/2021 No Mekong BK 1,375 100.0%
40 Loan   1 27th Street Workspaces 9.2% 6,950,000 As Is 5/4/2021 64.7% 64.7% 100.0% 6/9/2021 No Lasota Corp. 4,176 9.0%
41 Loan F 1 1165-1195 Merrill Street 8.4% 7,200,000 As Is 2/3/2021 59.0% 49.1% 100.0% 7/6/2021 Yes Farmhouse Kitchen 7,463 100.0%
42 Loan 20 1 True Rudder 11.4% 6,500,000 As Is 4/12/2021 61.5% 64.6% 94.1% 4/6/2021 No NAP NAP NAP
43 Loan 21 1 2801 Finley Road 8.9% 5,100,000 As Is - Assuming Remaining Cost to Complete is Held in Reserve 3/19/2021 64.6% 53.1% 95.8% 3/18/2021 No P4 Security 8,598 29.3%

 

A-1-6

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date Third Largest Tenant Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant
1 Loan   1 300 East 34th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 5 1 U.S. Steel Tower 3/31/2030 US Steel Corp 232,479 10.0% 1/31/2028 Eckert Seamans 108,261 4.6% 12/31/2030 (104,890 SF); 9/30/2022 (3,371 SF) US Bankruptcy Court
3 Loan 5, 7, 9 1 The Domain 1/31/2025 Neiman Marcus 80,000 9.0% 3/8/2027 Hanger Orthopedic Group, Inc 77,694 8.8% 7/31/2023 IPIC Theaters
4 Loan 11 1 La Alameda Shopping Center 1/31/2024 (30,187 SF); 1/31/2031 (19,000 SF) Marshalls 28,500 11.7% 3/31/2023 CVS 17,000 7.0% 4/30/2028 Petco
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21                    
5.01 Property   1 U-Haul Moving & Storage Of Inkster NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.02 Property   1 U-Haul Moving & Storage Of Downtown NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.03 Property   1 U-Haul Moving & Storage Of Thornton NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.04 Property   1 U-Haul Moving & Storage Of Belmont NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.06 Property   1 U-Haul Moving & Storage Of Dayton NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.08 Property   1 U-Haul Moving & Storage At Austin Highway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan   1 2600 Redondo 11/14/2026 OptumCare Management LLC 50,000 33.2% 6/30/2025 CNS Network 41,022 27.2% 9/30/2027 Allergy, Asthma, Respiratory Care Medical Center
7 Loan   1 Granite Tower 11/30/2029 One Network Enterprises, Inc. 45,274 18.8% 6/30/2027 Zimperium 12,939 5.4% 12/31/2021 Level 3 Communications Inc.
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio                    
8.01 Property   1 261 Lenox Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.02 Property   1 141 Lenox Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.03 Property   1 250 Parkville Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 Evanston Plaza 4/30/2031 Goodwill 18,440 8.7% 11/24/2026 Blink Fitness 16,975 8.0% 12/31/2029 Dance Center Evanston
10 Loan   1 150 Thornhill 1/31/2024 Veritiv 153,000 36.7% 4/30/2027 NAP NAP NAP NAP NAP
11 Loan   1 Snohomish Station Shopping Center 1/31/2029 Bridges Pets, Gifts & Water Gardens 20,000 11.1% 11/30/2028 Outback Steakhouse 6,547 3.6% 4/30/2026 Anytime Fitness
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 13 1 Tower Point at the Highlands 12/31/2025 Symphony Diagnostic Services (Mobilex) 39,173 24.8% 10/31/2025 FILA USA 23,356 14.8% 7/31/2024 Dental Technology Center Inc
14 Loan   1 6304 Spine Road 12/31/2026 NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan   1 Shoppes of Carrollwood & Colonial Square 3/31/2026 Abby Health Foods, Inc 11,080 6.8% 11/30/2021 Redline Athletics 9,074 5.6% 3/31/2026 Total Renal Care Inc.
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio                    
16.01 Property   1 Winchester Office Building 4/30/2025 Health Savings Administrators 11,720 9.2% 6/30/2023 DSD Partners 7,382 5.8% 5/31/2024 Richmond Capital Management
16.02 Property   1 Moorefield Office Park 7/31/2024 Summit Media, LLC 14,639 10.0% 9/30/2027 JS Technologies 7,056 4.8% 2/28/2022 ARMS Software
17 Loan   1 High Meadow Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 6, 14 2 Martin Downs & Metro Gateway                    
18.01 Property   1 Martin Downs 10/31/2026 BB&T Support Real Estate 3,960 10.9% 10/31/2026 JAK Partnership 2,776 7.6% 3/31/2027 Quest Diagnostics
18.02 Property   1 Metro Gateway 4/30/2024 Planet Fitness 21,000 28.8% 3/31/2029 National Vision (fka Eyeglass World) 5,350 7.3% 10/31/2023 PAS Charter, Inc. (d/b/a Intelli-School)
19 Loan   1 Casa Grande Flexible Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 15, 16 1 Glenwood Farms 6/12/2023 Christian Rejoice Church (Active Minds) 5,000 23.1% 9/30/2025 Deli (Omar Investments) 4,504 20.8% 9/30/2030 KMJ Tax Service (Sean-Michael Crayton)
21 Loan 7 1 Summerhill Marketplace 10/31/2031 Children of America   10,000 11.3% 6/1/2029 East Brunswick Imaging Center 4,800 5.4% 2/28/2022 KO Fitness LLC
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio                    
22.01 Property   1 74 1st Place NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.02 Property   1 228 Livingston Street 12/31/2035 Latifa’s Hair Salon 1,268 50.0% 12/31/2022 NAP NAP NAP NAP NAP
22.03 Property   1 710 Degraw Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.04 Property   1 302 5th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Willow Lawn 11/30/2022 CVS 13,013 27.2% 1/31/2033 Jason’s Deli 5,000 10.5% 11/30/2023 Richmond PhysicaI Therapy
24 Loan   1 South York Plaza 8/31/2025 LifePath Thrift Store 10,914 8.7% 10/31/2025 Wood Fire Italian Grill 4,020 3.2% 9/30/2024 Isaac’s
25 Loan B, 7 1 Home Depot Warehouse 10/31/2027 NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 39 Suydam NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan C 1 Guardian Storage Westminster NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Porte De L’eau Plaza 9/30/2023 Just a Dash Catering 4,480 5.1% 4/30/2022 Chiro’s Family Restaurant 3,700 4.2% 7/31/2022 Pediatric Dental Associates
29 Loan D 1 Guardian Storage Washington NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan E, 7 1 Briar Creek Plaza 6/30/2031 PA Liquor Control Board 3,679 5.6% 5/31/2026 Careworks 2,247 3.4% 9/30/2023 Holiday Hair Salon
31 Loan 8, 15, 17 1 180 East 79th Street 7/31/2029 Dr. Camilo T. UY 2,000 13.8% 12/31/2049 Pazner & Kaplan 1,750 12.1% 12/31/2049 Belleclaire Cleaners
32 Loan   1 Captree Shopping Center 11/14/2023 (33,094 SF); 12/31/2023 (1,246 SF) Wild by Nature 22,365 20.2% 1/31/2029 Dollar Tree 14,550 13.1% 8/31/2024 Rite-Aid
33 Loan   1 El Dorado Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Arlingate Plaza 6/13/2023 Nugrowth Solutions, LLC 22,802 19.7% 4/14/2023 Coram Alternate Site Services, Inc. 13,389 11.6% 6/30/2024 Starry, Inc.
35 Loan   1 Sportsmans Warehouse 10/31/2033 NAP NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan 6 2 Tiger and AA Self Storage                    
36.01 Property   1 AA Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.02 Property   1 Tiger Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan 18 1 Abbotts Bridge Office 4/30/2031 US Default Group Inc 12,233 17.7% 10/31/2021 Polyvision Corporation 7,962 11.5% 10/31/2021 Primus Services, LLC/ Cybriant
38 Loan   1 Atlantic Surf Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio                    
39.01 Property   1 259 5th Avenue 2/28/2027 NAP NAP NAP NAP NAP NAP NAP NAP NAP
39.02 Property   1 250 Dekalb Avenue 6/30/2034 NAP NAP NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 27th Street Workspaces 4/30/2024 AA & R Auto Sales 3,850 8.3% 3/31/2024 Genesis Automotive 3,850 8.3% 4/30/2026 ABA Performance, Inc.
41 Loan F 1 1165-1195 Merrill Street 2/19/2030 NAP NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan 20 1 True Rudder NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan 21 1 2801 Finley Road 7/31/2025 Augustus Labs 5,457 18.6% 3/31/2028 Rosen Medical 5,376 18.4% 12/6/2025 Augustus Health

 

A-1-7

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest
1 Loan   1 300 East 34th Street NAP NAP NAP NAP NAP NAP NAP 3/29/2021 NAP 3/29/2021 NAP NAP No Fee
2 Loan 5 1 U.S. Steel Tower 49,874 2.1% 12/2/2027 Merrill Lynch 29,313 1.3% 2/28/2025 4/15/2021 NAP 4/15/2021 NAP NAP No Fee
3 Loan 5, 7, 9 1 The Domain 37,321 4.2% 1/31/2031 Forever 21 31,691 3.6% 1/31/2023 5/21/2021 NAP 5/24/2021 NAP NAP No Fee
4 Loan 11 1 La Alameda Shopping Center 15,000 6.1% 1/31/2024 Chuck E. Cheese 13,000 5.3% 4/30/2023 4/2/2021 NAP 3/30/2021 3/30/2021 8% No Fee/Leasehold
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21                            
5.01 Property   1 U-Haul Moving & Storage Of Inkster NAP NAP NAP NAP NAP NAP NAP 4/16/2021 NAP 4/14/2021 NAP NAP No Fee
5.02 Property   1 U-Haul Moving & Storage Of Downtown NAP NAP NAP NAP NAP NAP NAP 4/15/2021 NAP 4/14/2021 4/14/2021 28% No Fee
5.03 Property   1 U-Haul Moving & Storage Of Thornton NAP NAP NAP NAP NAP NAP NAP 4/16/2021 NAP 4/14/2021 4/14/2021 19% No Fee
5.04 Property   1 U-Haul Moving & Storage Of Belmont NAP NAP NAP NAP NAP NAP NAP 4/15/2021 NAP 4/14/2021 4/14/2021 19% No Fee
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway NAP NAP NAP NAP NAP NAP NAP 4/16/2021 NAP 4/14/2021 NAP NAP No Fee
5.06 Property   1 U-Haul Moving & Storage Of Dayton NAP NAP NAP NAP NAP NAP NAP 4/14/2021 NAP 4/14/2021 NAP NAP No Fee
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville NAP NAP NAP NAP NAP NAP NAP 4/14/2021 NAP 4/14/2021 NAP NAP No Fee
5.08 Property   1 U-Haul Moving & Storage At Austin Highway NAP NAP NAP NAP NAP NAP NAP 4/14/2021 NAP 4/14/2021 NAP NAP No Fee
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale NAP NAP NAP NAP NAP NAP NAP 4/14/2021 NAP 4/14/2021 NAP NAP No Fee
6 Loan   1 2600 Redondo 5,033 3.3% 4/9/2023 NAP NAP NAP NAP 2/26/2021 NAP 2/26/2021 2/26/2021 13% No Fee
7 Loan   1 Granite Tower 2,583 1.1% 9/30/2025 Edward Jones 1,226 0.5% 10/31/2023 4/7/2021 NAP 4/8/2021 NAP NAP No Fee
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio                            
8.01 Property   1 261 Lenox Road NAP NAP NAP NAP NAP NAP NAP 4/20/2021 NAP 4/20/2021 NAP NAP No Fee
8.02 Property   1 141 Lenox Road NAP NAP NAP NAP NAP NAP NAP 4/20/2021 NAP 4/20/2021 NAP NAP No Fee
8.03 Property   1 250 Parkville Avenue NAP NAP NAP NAP NAP NAP NAP 4/20/2021 NAP 4/20/2021 NAP NAP No Fee
9 Loan   1 Evanston Plaza 13,391 6.3% 8/31/2022 Kids Empire 12,030 5.7% 11/30/2030 4/21/2021 NAP 4/20/2021 NAP NAP No Fee
10 Loan   1 150 Thornhill NAP NAP NAP NAP NAP NAP NAP 4/5/2021 NAP 4/5/2021 NAP NAP No Fee
11 Loan   1 Snohomish Station Shopping Center 4,655 2.6% 10/31/2028 Hop Jack’s Restaurant 4,620 2.6% 1/31/2028 4/12/2021 NAP 4/12/2021 4/12/2021 7% No Fee
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee NAP NAP NAP NAP NAP NAP NAP 2/3/2021 NAP 2/3/2021 NAP NAP No Fee
13 Loan 13 1 Tower Point at the Highlands 5,389 3.4% 7/31/2026 NAP NAP NAP NAP 4/20/2021 NAP 4/20/2021 NAP NAP No Fee
14 Loan   1 6304 Spine Road NAP NAP NAP NAP NAP NAP NAP 2/26/2021 NAP 2/26/2021 NAP NAP No Fee
15 Loan   1 Shoppes of Carrollwood & Colonial Square 6,488 4.0% 4/10/2032 5.11 Tactical 6,373 3.9% 8/31/2022 6/1/2021 NAP 5/28/2021 NAP NAP No Fee
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio                            
16.01 Property   1 Winchester Office Building 6,873 5.4% 8/31/2022 Bankers Life & Casualty Co. 6,490 5.1% 5/31/2026 4/23/2021 NAP 5/19/2021 NAP NAP No Fee
16.02 Property   1 Moorefield Office Park 5,617 3.9% 1/31/2023 Accenture dba Callisto Integra 5,017 3.4% 9/30/2024 4/23/2021 NAP 5/19/2021 NAP NAP No Fee
17 Loan   1 High Meadow Apartments NAP NAP NAP NAP NAP NAP NAP 4/22/2021 NAP 4/27/2021 NAP NAP No Fee
18 Loan 6, 14 2 Martin Downs & Metro Gateway                            
18.01 Property   1 Martin Downs 2,600 7.2% 4/30/2026 Leslie’s Poolmart 2,600 7.2% 12/31/2025 4/14/2021 NAP 4/14/2021 NAP NAP No Fee
18.02 Property   1 Metro Gateway 4,000 5.5% 7/31/2027 Domino’s Pizza 3,003 4.1% 7/31/2023 4/14/2021 NAP 4/14/2021 NAP NAP No Fee
19 Loan   1 Casa Grande Flexible Apartments NAP NAP NAP NAP NAP NAP NAP 5/21/2021 NAP 5/24/2021 NAP NAP No Fee
20 Loan 15, 16 1 Glenwood Farms 1,132 5.2% 11/30/2025 Barbershop (Tonys) 975 4.5% 5/31/2027 3/26/2021 NAP 3/26/2021 NAP NAP No Fee
21 Loan 7 1 Summerhill Marketplace 3,725 4.2% 11/30/2024 Huntington Learning Center 2,744 3.1% 8/31/2024 5/4/2021 NAP 5/4/2021 NAP NAP No Fee
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio                            
22.01 Property   1 74 1st Place NAP NAP NAP NAP NAP NAP NAP 4/8/2021 NAP 4/8/2021 NAP NAP No Fee
22.02 Property   1 228 Livingston Street NAP NAP NAP NAP NAP NAP NAP 4/8/2021 NAP 4/8/2021 NAP NAP No Fee
22.03 Property   1 710 Degraw Street NAP NAP NAP NAP NAP NAP NAP 4/8/2021 NAP 4/8/2021 NAP NAP No Fee
22.04 Property   1 302 5th Street NAP NAP NAP NAP NAP NAP NAP 4/8/2021 NAP 4/8/2021 NAP NAP No Fee
23 Loan   1 Willow Lawn 3,517 7.4% 7/31/2022 Sticks Kabob 2,573 5.4% 8/31/2023 5/28/2021 NAP 5/28/2021 NAP NAP No Fee
24 Loan   1 South York Plaza 4,000 3.2% 10/31/2026 Imperial Gourmet 3,450 2.7% 10/31/2027 5/4/2021 5/4/2021 4/30/2021 NAP NAP No Fee
25 Loan B, 7 1 Home Depot Warehouse NAP NAP NAP NAP NAP NAP NAP 12/1/2020 2/5/2021 12/2/2020 NAP NAP No Fee
26 Loan   1 39 Suydam NAP NAP NAP NAP NAP NAP NAP 3/3/2021 NAP 3/2/2021 NAP NAP No Fee
27 Loan C 1 Guardian Storage Westminster NAP NAP NAP NAP NAP NAP NAP 6/4/2021 NAP 6/4/2021 NAP NAP No Fee
28 Loan   1 Porte De L’eau Plaza 3,484 3.9% 1/31/2025 Priority Fitness 3,240 3.7% 5/31/2022 5/24/2021 NAP 5/24/2021 NAP NAP No Fee
29 Loan D 1 Guardian Storage Washington NAP NAP NAP NAP NAP NAP NAP 6/4/2021 NAP 6/4/2021 NAP NAP No Fee
30 Loan E, 7 1 Briar Creek Plaza 1,500 2.3% 6/30/2026 Great Wall 1,500 2.3% 8/31/2026 4/5/2021 NAP 4/5/2021 NAP NAP No Fee
31 Loan 8, 15, 17 1 180 East 79th Street 1,500 10.4% 8/31/2028 J. Jacobs & V. Diller 1,500 10.4% 12/31/2049 4/28/2021 NAP 4/28/2021 NAP NAP No Fee
32 Loan   1 Captree Shopping Center 12,906 11.6% 1/31/2025 United States Postal Service 7,998 7.2% 5/31/2027 4/30/2021 NAP 3/19/2021 NAP NAP No Fee
33 Loan   1 El Dorado Apartments NAP NAP NAP NAP NAP NAP NAP 3/26/2021 NAP 3/26/2021 NAP NAP No Fee
34 Loan   1 Arlingate Plaza 11,984 10.4% 12/31/2025 All R Friends, LLC 9,638 8.3% 1/31/2022 5/19/2021 NAP 5/19/2021 NAP NAP No Fee
35 Loan   1 Sportsmans Warehouse NAP NAP NAP NAP NAP NAP NAP 4/2/2021 NAP 4/2/2021 4/2/2021 7% No Fee
36 Loan 6 2 Tiger and AA Self Storage                            
36.01 Property   1 AA Self Storage NAP NAP NAP NAP NAP NAP NAP 5/12/2021 NAP 5/12/2021 NAP NAP No Fee
36.02 Property   1 Tiger Self Storage NAP NAP NAP NAP NAP NAP NAP 5/11/2021 NAP 5/12/2021 NAP NAP No Fee
37 Loan 18 1 Abbotts Bridge Office 5,704 8.3% 1/31/2023 A3 Communications, Inc. 4,508 6.5% 9/30/2024 1/29/2021 NAP 1/28/2021 NAP NAP No Fee
38 Loan   1 Atlantic Surf Apartments NAP NAP NAP NAP NAP NAP NAP 6/1/2021 NAP 6/1/2021 NAP NAP No Fee
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio                            
39.01 Property   1 259 5th Avenue NAP NAP NAP NAP NAP NAP NAP 3/25/2021 NAP 3/25/2021 NAP NAP No Fee
39.02 Property   1 250 Dekalb Avenue NAP NAP NAP NAP NAP NAP NAP 3/25/2021 NAP 3/25/2021 NAP NAP No Fee
40 Loan   1 27th Street Workspaces 3,600 7.7% 8/30/2021 Boom Rewards 3,600 7.7% 7/31/2021 5/17/2021 NAP 5/17/2021 NAP NAP No Fee
41 Loan F 1 1165-1195 Merrill Street NAP NAP NAP NAP NAP NAP NAP 2/16/2021 NAP 2/16/2021 2/16/2021 9% No Fee
42 Loan 20 1 True Rudder NAP NAP NAP NAP NAP NAP NAP 5/3/2021 NAP 5/4/2021 NAP NAP No Fee
43 Loan 21 1 2801 Finley Road 5,186 17.7% 3/31/2028 Cobalt 3,452 11.8% 6/30/2028 4/9/2021 NAP 4/9/2021 NAP NAP No Fee

 

A-1-8

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($) Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($)
1 Loan   1 300 East 34th Street NAP NAP NAP NAP 0 Springing 0 Springing 0 0 0 0 0 0 0
2 Loan 5 1 U.S. Steel Tower NAP NAP NAP NAP 1,904,348 476,087 442,107 147,369 0 42,562 0 5,000,000 Springing 5,000,000 0
3 Loan 5, 7, 9 1 The Domain NAP NAP NAP NAP 0 Springing 0 Springing 0 Springing 265,968 0 Springing 2,659,584 0
4 Loan 11 1 La Alameda Shopping Center 2/28/2026 Four, 5-year options $199,905 Yes 337,184 84,296 0 Springing 0 3,057 0 350,000 45,856 1,100,534 0
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21         244,952 Springing 0 Springing 29,646 Springing 29,646 0 0 0 0
5.01 Property   1 U-Haul Moving & Storage Of Inkster NAP NAP NAP NAP                      
5.02 Property   1 U-Haul Moving & Storage Of Downtown NAP NAP NAP NAP                      
5.03 Property   1 U-Haul Moving & Storage Of Thornton NAP NAP NAP NAP                      
5.04 Property   1 U-Haul Moving & Storage Of Belmont NAP NAP NAP NAP                      
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway NAP NAP NAP NAP                      
5.06 Property   1 U-Haul Moving & Storage Of Dayton NAP NAP NAP NAP                      
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville NAP NAP NAP NAP                      
5.08 Property   1 U-Haul Moving & Storage At Austin Highway NAP NAP NAP NAP                      
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale NAP NAP NAP NAP                      
6 Loan   1 2600 Redondo NAP NAP NAP NAP 275,241 39,320 16,441 2,055 0 2,514 0 0 37,704 0 0
7 Loan   1 Granite Tower NAP NAP NAP NAP 477,505 68,215 0 Springing 500,000 4,018 0 0 20,098 1,000,000 0
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio         132,401 66,200 69,481 7,720 150,000 4,183 0 0 0 0 0
8.01 Property   1 261 Lenox Road NAP NAP NAP NAP                      
8.02 Property   1 141 Lenox Road NAP NAP NAP NAP                      
8.03 Property   1 250 Parkville Avenue NAP NAP NAP NAP                      
9 Loan   1 Evanston Plaza NAP NAP NAP NAP 443,929 88,786 0 Springing 0 3,546 150,000 0 13,297 750,000 0
10 Loan   1 150 Thornhill NAP NAP NAP NAP 332,796 38,293 0 Springing 0 3,471 0 0 17,355 624,768 0
11 Loan   1 Snohomish Station Shopping Center NAP NAP NAP NAP 80,211 26,737 0 Springing 0 2,248 53,949 24,000 11,989 287,726 0
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee NAP NAP NAP NAP 634,595 211,532 53,234 8,872 0 0 0 0 0 0 0
13 Loan 13 1 Tower Point at the Highlands NAP NAP NAP NAP 325,016 25,001 6,569 2,190 0 2,629 0 0 19,716 0 0
14 Loan   1 6304 Spine Road NAP NAP NAP NAP 77,833 38,916 0 Springing 0 1,425 0 427,495 0 0 0
15 Loan   1 Shoppes of Carrollwood & Colonial Square NAP NAP NAP NAP 287,922 31,991 0 Springing 0 2,703 0 200,000 Springing 200,000 0
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio         32,320 16,160 11,934 3,978 345,000 8,231 0 525,000 9,453 0 0
16.01 Property   1 Winchester Office Building NAP NAP NAP NAP                      
16.02 Property   1 Moorefield Office Park NAP NAP NAP NAP                      
17 Loan   1 High Meadow Apartments NAP NAP NAP NAP 110,013 15,716 0 Springing 0 5,200 0 0 0 0 0
18 Loan 6, 14 2 Martin Downs & Metro Gateway         98,472 19,694 50,204 7,172 0 2,273 0 150,000 9,099 550,000 0
18.01 Property   1 Martin Downs NAP NAP NAP NAP                      
18.02 Property   1 Metro Gateway NAP NAP NAP NAP                      
19 Loan   1 Casa Grande Flexible Apartments NAP NAP NAP NAP 51,688 17,229 0 Springing 0 9,300 0 0 0 0 0
20 Loan 15, 16 1 Glenwood Farms NAP NAP NAP NAP 38,591 12,864 51,762 7,395 1,000,000 6,125 0 0 0 0 0
21 Loan 7 1 Summerhill Marketplace NAP NAP NAP NAP 137,017 34,254 36,988 3,363 0 1,478 0 0 3,695 0 265,000
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio         20,317 4,063 12,938 1,294 0 292 0 0 0 0 0
22.01 Property   1 74 1st Place NAP NAP NAP NAP                      
22.02 Property   1 228 Livingston Street NAP NAP NAP NAP                      
22.03 Property   1 710 Degraw Street NAP NAP NAP NAP                      
22.04 Property   1 302 5th Street NAP NAP NAP NAP                      
23 Loan   1 Willow Lawn NAP NAP NAP NAP 20,711 10,356 0 Springing 0 796 30,000 250,000 Springing 250,000 0
24 Loan   1 South York Plaza NAP NAP NAP NAP 168,561 22,475 0 Springing 0 1,781 100,000 0 7,335 450,000 0
25 Loan B, 7 1 Home Depot Warehouse NAP NAP NAP NAP 13,082 3,271 6,912 3,456 0 2,586 0 0 2,845 0 0
26 Loan   1 39 Suydam NAP NAP NAP NAP 18,861 18,861 25,974 2,165 0 771 0 0 0 0 0
27 Loan C 1 Guardian Storage Westminster NAP NAP NAP NAP 40,911 20,455 0 Springing 0 713 0 0 0 0 0
28 Loan   1 Porte De L’eau Plaza NAP NAP NAP NAP 0 Springing 8,293 3,317 0 1,476 0 0 5,537 0 0
29 Loan D 1 Guardian Storage Washington NAP NAP NAP NAP 36,647 4,168 0 Springing 0 1,010 0 0 0 0 0
30 Loan E, 7 1 Briar Creek Plaza NAP NAP NAP NAP 0 Springing 0 Springing 178,000 827 0 75,000 Springing 75,000 0
31 Loan 8, 15, 17 1 180 East 79th Street NAP NAP NAP NAP 0 Springing 0 Springing 0 0 0 0 0 0 0
32 Loan   1 Captree Shopping Center NAP NAP NAP NAP 126,516 63,258 0 Springing 0 0 0 0 0 0 0
33 Loan   1 El Dorado Apartments NAP NAP NAP NAP 0 4,075 25,397 8,466 0 4,100 0 0 0 0 0
34 Loan   1 Arlingate Plaza NAP NAP NAP NAP 36,194 12,065 0 Springing 0 1,927 0 500,000 5,782 700,000 0
35 Loan   1 Sportsmans Warehouse NAP NAP NAP NAP 12,252 6,126 0 Springing 0 609 0 0 4,059 97,408 0
36 Loan 6 2 Tiger and AA Self Storage         30,017 8,603 18,481 3,577 0 1,099 0 0 0 0 0
36.01 Property   1 AA Self Storage NAP NAP NAP NAP                      
36.02 Property   1 Tiger Self Storage NAP NAP NAP NAP                      
37 Loan 18 1 Abbotts Bridge Office NAP NAP NAP NAP 52,699 4,791 5,178 863 217,835 1,152 41,478 550,000 Springing 250,000 0
38 Loan   1 Atlantic Surf Apartments NAP NAP NAP NAP 34,427 3,443 19,642 2,806 0 750 0 0 0 0 0
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio         8,786 4,393 10,369 1,154 0 200 0 0 0 0 0
39.01 Property   1 259 5th Avenue NAP NAP NAP NAP                      
39.02 Property   1 250 Dekalb Avenue NAP NAP NAP NAP                      
40 Loan   1 27th Street Workspaces NAP NAP NAP NAP 26,853 5,371 8,790 2,197 0 775 0 75,000 0 0 0
41 Loan F 1 1165-1195 Merrill Street NAP NAP NAP NAP 20,470 4,094 5,619 624 0 124 0 0 622 0 0
42 Loan 20 1 True Rudder NAP NAP NAP NAP 56,320 6,258 8,523 2,841 0 600 0 0 0 0 0
43 Loan 21 1 2801 Finley Road NAP NAP NAP NAP 10,521 2,630 3,813 424 0 366 0 100,000 3,052 0 0

 

A-1-9

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($) Other Reserve Description Other Reserve Cap ($) Holdback/ Earnout Amount ($)
1 Loan   1 300 East 34th Street 0 0 0 581,816 0 Outstanding TI Reserve 0 0
2 Loan 5 1 U.S. Steel Tower 0 0 0 5,619,780 0 Existing TI/LC Reserve ($5,346,747); Free Rent Reserve ($273,033) 0 0
3 Loan 5, 7, 9 1 The Domain 0 0 0 6,912,288 Springing Outstanding TI/LC Reserve (Upfront: $6,565,265); Gap Rent Reserve (Upfront: $347,023); Major Tenant Reserve (Monthly: Springing) Major Tenant Reserve ($4,020,000) 0
4 Loan 11 1 La Alameda Shopping Center 0 0 0 0 0 NAP 0 0
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 0 0 35,150 0 0 NAP 0 0
5.01 Property   1 U-Haul Moving & Storage Of Inkster                
5.02 Property   1 U-Haul Moving & Storage Of Downtown                
5.03 Property   1 U-Haul Moving & Storage Of Thornton                
5.04 Property   1 U-Haul Moving & Storage Of Belmont                
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway                
5.06 Property   1 U-Haul Moving & Storage Of Dayton                
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville                
5.08 Property   1 U-Haul Moving & Storage At Austin Highway                
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale                
6 Loan   1 2600 Redondo 0 0 0 0 0 NAP 0 0
7 Loan   1 Granite Tower 0 0 0 636,075 0 Outstanding TI/LC Reserve ($600,655.38); Free Rent Reserve ($35,420) 0 0
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio 0 0 6,250 135,743 0 Violations Removal Reserve 0 0
8.01 Property   1 261 Lenox Road                
8.02 Property   1 141 Lenox Road                
8.03 Property   1 250 Parkville Avenue                
9 Loan   1 Evanston Plaza 0 0 6,875 17,113 0 Gap Rent Reserve 0 0
10 Loan   1 150 Thornhill 0 0 8,469 1,914,924 41,667 Landlord Work Reserve (Upfront: $414,924); Cinelease Reserve (Upfront: $1,500,000; Monthly: $41,667) 0 0
11 Loan   1 Snohomish Station Shopping Center 0 0 625 0 0 NAP 0 0
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee 0 0 0 0 0 NAP 0 0
13 Loan 13 1 Tower Point at the Highlands 0 0 0 0 0 NAP 0 1,750,000
14 Loan   1 6304 Spine Road 0 0 1,295,875 633,308 0 Outstanding Free Rent Reserve ($388,307.98); Incentive Management Fee ($245,000) 0 0
15 Loan   1 Shoppes of Carrollwood & Colonial Square 0 0 0 0 0 NAP 0 0
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio 0 0 0 359,562 0 Outstanding TI/LC Reserve ($317,324); Free Rent Reserve ($42,238) 0 0
16.01 Property   1 Winchester Office Building                
16.02 Property   1 Moorefield Office Park                
17 Loan   1 High Meadow Apartments 0 0 66,225 0 0 NAP 0 0
18 Loan 6, 14 2 Martin Downs & Metro Gateway 0 0 57,968 125,043 0 Unfunded Obligations Reserve (Upfront: $110,810); Gap Rent Reserve (Upfront: $14,233.13) 0 326,432
18.01 Property   1 Martin Downs                
18.02 Property   1 Metro Gateway                
19 Loan   1 Casa Grande Flexible Apartments 0 0 58,250 0 0 NAP 0 0
20 Loan 15, 16 1 Glenwood Farms 0 0 312,938 0 0 NAP 0 1,000,000
21 Loan 7 1 Summerhill Marketplace 0 0 0 0 0 NAP 0 0
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio 0 0 25,031 0 0 NAP 0 150,000
22.01 Property   1 74 1st Place                
22.02 Property   1 228 Livingston Street                
22.03 Property   1 710 Degraw Street                
22.04 Property   1 302 5th Street                
23 Loan   1 Willow Lawn 0 0 0 0 Springing NAP 750,000 0
24 Loan   1 South York Plaza 0 0 0 452,940 0 Environmental Remediation Reserve ($350,000); Rent Reserve ($102,940.29) 0 0
25 Loan B, 7 1 Home Depot Warehouse 0 0 106,375 0 0 NAP 0 0
26 Loan   1 39 Suydam 0 0 0 0 0 NAP 0 0
27 Loan C 1 Guardian Storage Westminster 0 0 0 0 0 NAP 0 0
28 Loan   1 Porte De L’eau Plaza 0 0 2,063 9,958 0 Free Rent Reserve 0 0
29 Loan D 1 Guardian Storage Washington 0 0 0 0 0 NAP 0 0
30 Loan E, 7 1 Briar Creek Plaza 0 0 60,000 300,000 0 Roof Repair Reserve 0 0
31 Loan 8, 15, 17 1 180 East 79th Street 0 0 0 0 0 NAP 0 0
32 Loan   1 Captree Shopping Center 0 0 0 0 0 NAP 0 0
33 Loan   1 El Dorado Apartments 0 0 0 0 0 NAP 0 0
34 Loan   1 Arlingate Plaza 0 0 285,983 0 0 NAP 0 0
35 Loan   1 Sportsmans Warehouse 0 0 0 400,000 0 Outstanding Tenant Improvements and Leasing Commissions Reserve 0 0
36 Loan 6 2 Tiger and AA Self Storage 0 0 0 0 0 NAP 0 0
36.01 Property   1 AA Self Storage                
36.02 Property   1 Tiger Self Storage                
37 Loan 18 1 Abbotts Bridge Office 0 0 0 39,427 0 Gap Rent Reserve 0 1,000,000
38 Loan   1 Atlantic Surf Apartments 0 0 4,119 0 0 NAP 0 0
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio 0 0 0 0 0 NAP 0 0
39.01 Property   1 259 5th Avenue                
39.02 Property   1 250 Dekalb Avenue                
40 Loan   1 27th Street Workspaces 0 0 0 0 0 NAP 0 0
41 Loan F 1 1165-1195 Merrill Street 0 0 0 0 0 NAP 0 0
42 Loan 20 1 True Rudder 0 0 27,188 0 0 NAP 0 200,000
43 Loan 21 1 2801 Finley Road 0 0 0 12,500 0 Rent Concession Reserve 0 0

 

A-1-10

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Holdback/ Earnout Description Lockbox Type Cash Management
1 Loan   1 300 East 34th Street NAP None None
2 Loan 5 1 U.S. Steel Tower NAP Hard In-Place
3 Loan 5, 7, 9 1 The Domain NAP Hard Springing
4 Loan 11 1 La Alameda Shopping Center NAP Hard Springing
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 NAP Soft Springing
5.01 Property   1 U-Haul Moving & Storage Of Inkster      
5.02 Property   1 U-Haul Moving & Storage Of Downtown      
5.03 Property   1 U-Haul Moving & Storage Of Thornton      
5.04 Property   1 U-Haul Moving & Storage Of Belmont      
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway      
5.06 Property   1 U-Haul Moving & Storage Of Dayton      
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville      
5.08 Property   1 U-Haul Moving & Storage At Austin Highway      
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale      
6 Loan   1 2600 Redondo NAP Hard Springing
7 Loan   1 Granite Tower NAP Hard Springing
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio NAP Springing Springing
8.01 Property   1 261 Lenox Road      
8.02 Property   1 141 Lenox Road      
8.03 Property   1 250 Parkville Avenue      
9 Loan   1 Evanston Plaza NAP Hard Springing
10 Loan   1 150 Thornhill NAP Hard Springing
11 Loan   1 Snohomish Station Shopping Center NAP Springing Springing
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee NAP Hard In-Place
13 Loan 13 1 Tower Point at the Highlands Lender shall disburse $1,250,000 to Borrower if the Fundamental Administration Termination Option is not exercised or apply the funds reserved in accordance with the stipulations in the loan agreement Hard Springing
14 Loan   1 6304 Spine Road NAP Hard Springing
15 Loan   1 Shoppes of Carrollwood & Colonial Square NAP Springing Springing
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio NAP Springing Springing
16.01 Property   1 Winchester Office Building      
16.02 Property   1 Moorefield Office Park      
17 Loan   1 High Meadow Apartments NAP Soft Springing
18 Loan 6, 14 2 Martin Downs & Metro Gateway Provided that no Default or Event of Default then exists, Lender shall disburse to Borrower the SunTrust Earnout Reserve Funds to pay Approved Leasing Expenses incurred in the leasing of the entire SunTrust Space, pursuant to a Lease entered into in accordance with the terms and provisions of this Agreement (provided, however, that any such Lease shall provide for minimum base rent of at least $30.00 per rentable square foot of space), subject to Borrower’s delivery to Lender of written request for disbursement and all other deliverables set forth in such Section), as if the SunTrust Earnout Reserve Funds were Rollover Reserve Subaccount funds. In the event that the SunTrust Space has not been re-leased, or all approved leasing expenses incurred in connection therewith have not been paid in full, in either case as of the SunTrust Earnout Reserve Expiration Date, Lender shall apply any SunTrust Earnout Reserve Funds then on deposit in the SunTrust Earnout Reserve Account to prepay or defease a portion of the Debt  in an amount equal to the balance of such SunTrust Earnout Reserve Funds as of such date, in which event, Borrower shall be required to pay (i) all costs incurred by Lender in connection therewith which are required to be borne by Borrower under such Section (including, without limitation, payment of the Yield Maintenance Premium, if applicable) and (ii) if any such prepayment or defeasance is not made on a Payment Date, Borrower shall also pay interest that would have accrued on such prepaid Principal to, but not including, the next Payment Date. Hard Springing
18.01 Property   1 Martin Downs      
18.02 Property   1 Metro Gateway      
19 Loan   1 Casa Grande Flexible Apartments NAP Springing Springing
20 Loan 15, 16 1 Glenwood Farms Upon the written request of Borrower received by notice to Lender no earlier than January 6, 2022, provided no Event of Default or Cash Management Period is continuing, the remaining Rent Collection Funds shall be released to Borrower upon Borrower’s satisfaction of the following conditions on or before July 6, 2024 (the “Rent Collection Fund Termination Date”): (1) Lender has determined that the Property has achieved a full rent collection rate of greater than ninety percent (90%) for two (2) consecutive Calculation Dates (exclusive of government assistance via the CARES ACT and/or any other government subsidies) and (2) all applicable Lease eviction moratoriums have been removed.   Soft Springing
21 Loan 7 1 Summerhill Marketplace NAP Soft Springing
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio The hold back will be released when the retail tenant known as Nature Deli Corporation at the property is in occupancy of its premises and paying full rent to borrower under its lease Soft Springing
22.01 Property   1 74 1st Place      
22.02 Property   1 228 Livingston Street      
22.03 Property   1 710 Degraw Street      
22.04 Property   1 302 5th Street      
23 Loan   1 Willow Lawn NAP Springing Springing
24 Loan   1 South York Plaza NAP Hard Springing
25 Loan B, 7 1 Home Depot Warehouse NAP Hard Springing
26 Loan   1 39 Suydam NAP Springing Springing
27 Loan C 1 Guardian Storage Westminster NAP Springing Springing
28 Loan   1 Porte De L’eau Plaza NAP Springing Springing
29 Loan D 1 Guardian Storage Washington NAP Springing Springing
30 Loan E, 7 1 Briar Creek Plaza NAP Soft Springing
31 Loan 8, 15, 17 1 180 East 79th Street NAP None None
32 Loan   1 Captree Shopping Center NAP Springing Springing
33 Loan   1 El Dorado Apartments NAP Springing Springing
34 Loan   1 Arlingate Plaza NAP Springing Springing
35 Loan   1 Sportsmans Warehouse NAP Springing Springing
36 Loan 6 2 Tiger and AA Self Storage NAP Springing Springing
36.01 Property   1 AA Self Storage      
36.02 Property   1 Tiger Self Storage      
37 Loan 18 1 Abbotts Bridge Office Provided no event of default has occurred or is continuing, funds shall be disbursed to Borrowers upon achieving a Debt Yield of at least 10.85% prior to December 31,2023 after which the lender can, at its sole discretion, apply the amounts on deposit to a prepayment of the loan on the next payment date or maintain the remaining balance in the reserve account Springing Springing
38 Loan   1 Atlantic Surf Apartments NAP Soft Springing
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio NAP Springing Springing
39.01 Property   1 259 5th Avenue      
39.02 Property   1 250 Dekalb Avenue      
40 Loan   1 27th Street Workspaces NAP Springing Springing
41 Loan F 1 1165-1195 Merrill Street NAP Hard Springing
42 Loan 20 1 True Rudder Debt Yield Holdback to be released upon (i) the 13th payment date has occurred, (ii) the property has achieved an Earnout Debt Yield of at least 10.5% and (iii) the property is at least 90% occupied. Springing Springing
43 Loan 21 1 2801 Finley Road NAP Springing Springing

 

A-1-11

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) Tenant Specific Excess Cash Trap Trigger (Y/N) Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($)
1 Loan   1 300 East 34th Street No No No NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 5 1 U.S. Steel Tower Yes Yes Yes No 60,000,000 100,000,000 311,176.78 497,882.85 40,000,000 6.50000% 200,000,000
3 Loan 5, 7, 9 1 The Domain Yes No Yes No 50,000,000 160,000,000 418,262.98 548,970.14 NAP NAP 210,000,000
4 Loan 11 1 La Alameda Shopping Center Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
5.01 Property   1 U-Haul Moving & Storage Of Inkster                      
5.02 Property   1 U-Haul Moving & Storage Of Downtown                      
5.03 Property   1 U-Haul Moving & Storage Of Thornton                      
5.04 Property   1 U-Haul Moving & Storage Of Belmont                      
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway                      
5.06 Property   1 U-Haul Moving & Storage Of Dayton                      
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville                      
5.08 Property   1 U-Haul Moving & Storage At Austin Highway                      
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale                      
6 Loan   1 2600 Redondo Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan   1 Granite Tower Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
8.01 Property   1 261 Lenox Road                      
8.02 Property   1 141 Lenox Road                      
8.03 Property   1 250 Parkville Avenue                      
9 Loan   1 Evanston Plaza Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 150 Thornhill Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan   1 Snohomish Station Shopping Center Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee Yes Yes Yes No 22,492,500 27,490,833 100,468.38 182,669.78 NAP NAP 49,983,333
13 Loan 13 1 Tower Point at the Highlands Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 6304 Spine Road Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan   1 Shoppes of Carrollwood & Colonial Square Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
16.01 Property   1 Winchester Office Building                      
16.02 Property   1 Moorefield Office Park                      
17 Loan   1 High Meadow Apartments Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 6, 14 2 Martin Downs & Metro Gateway Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
18.01 Property   1 Martin Downs                      
18.02 Property   1 Metro Gateway                      
19 Loan   1 Casa Grande Flexible Apartments Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 15, 16 1 Glenwood Farms Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 7 1 Summerhill Marketplace Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
22.01 Property   1 74 1st Place                      
22.02 Property   1 228 Livingston Street                      
22.03 Property   1 710 Degraw Street                      
22.04 Property   1 302 5th Street                      
23 Loan   1 Willow Lawn Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   1 South York Plaza Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan B, 7 1 Home Depot Warehouse Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 39 Suydam Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan C 1 Guardian Storage Westminster Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Porte De L’eau Plaza Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan D 1 Guardian Storage Washington Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan E, 7 1 Briar Creek Plaza Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 8, 15, 17 1 180 East 79th Street No No No NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 Captree Shopping Center Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan   1 El Dorado Apartments Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Arlingate Plaza Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan   1 Sportsmans Warehouse Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan 6 2 Tiger and AA Self Storage Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
36.01 Property   1 AA Self Storage                      
36.02 Property   1 Tiger Self Storage                      
37 Loan 18 1 Abbotts Bridge Office Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan   1 Atlantic Surf Apartments Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
39.01 Property   1 259 5th Avenue                      
39.02 Property   1 250 Dekalb Avenue                      
40 Loan   1 27th Street Workspaces Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan F 1 1165-1195 Merrill Street Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan 20 1 True Rudder Yes No No NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan 21 1 2801 Finley Road No No No NAP NAP NAP NAP NAP NAP NAP NAP

 

A-1-12

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%) Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type
1 Loan   1 300 East 34th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
2 Loan 5 1 U.S. Steel Tower 717,558.78 52.4% 1.98 9.2% 45,000,000 10.50000% 245,000,000 1,116,777.53 64.2% 1.27 7.5% No NAP
3 Loan 5, 7, 9 1 The Domain 548,970.14 46.5% 4.17 13.8% NAP NAP NAP NAP NAP NAP NAP No NAP
4 Loan 11 1 La Alameda Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
5.01 Property   1 U-Haul Moving & Storage Of Inkster                          
5.02 Property   1 U-Haul Moving & Storage Of Downtown                          
5.03 Property   1 U-Haul Moving & Storage Of Thornton                          
5.04 Property   1 U-Haul Moving & Storage Of Belmont                          
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway                          
5.06 Property   1 U-Haul Moving & Storage Of Dayton                          
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville                          
5.08 Property   1 U-Haul Moving & Storage At Austin Highway                          
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale                          
6 Loan   1 2600 Redondo NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
7 Loan   1 Granite Tower NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
8.01 Property   1 261 Lenox Road                          
8.02 Property   1 141 Lenox Road                          
8.03 Property   1 250 Parkville Avenue                          
9 Loan   1 Evanston Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
10 Loan   1 150 Thornhill NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
11 Loan   1 Snohomish Station Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee 182,669.78 71.8% 2.00 8.8% NAP NAP NAP NAP NAP NAP NAP No NAP
13 Loan 13 1 Tower Point at the Highlands NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
14 Loan   1 6304 Spine Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
15 Loan   1 Shoppes of Carrollwood & Colonial Square NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
16.01 Property   1 Winchester Office Building                          
16.02 Property   1 Moorefield Office Park                          
17 Loan   1 High Meadow Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
18 Loan 6, 14 2 Martin Downs & Metro Gateway NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
18.01 Property   1 Martin Downs                          
18.02 Property   1 Metro Gateway                          
19 Loan   1 Casa Grande Flexible Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
20 Loan 15, 16 1 Glenwood Farms NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
21 Loan 7 1 Summerhill Marketplace NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
22.01 Property   1 74 1st Place                          
22.02 Property   1 228 Livingston Street                          
22.03 Property   1 710 Degraw Street                          
22.04 Property   1 302 5th Street                          
23 Loan   1 Willow Lawn NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
24 Loan   1 South York Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
25 Loan B, 7 1 Home Depot Warehouse NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
26 Loan   1 39 Suydam NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
27 Loan C 1 Guardian Storage Westminster NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
28 Loan   1 Porte De L’eau Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
29 Loan D 1 Guardian Storage Washington NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
30 Loan E, 7 1 Briar Creek Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
31 Loan 8, 15, 17 1 180 East 79th Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP Yes Subordinate Secured; Unsecured
32 Loan   1 Captree Shopping Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
33 Loan   1 El Dorado Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
34 Loan   1 Arlingate Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
35 Loan   1 Sportsmans Warehouse NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
36 Loan 6 2 Tiger and AA Self Storage NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
36.01 Property   1 AA Self Storage                          
36.02 Property   1 Tiger Self Storage                          
37 Loan 18 1 Abbotts Bridge Office NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
38 Loan   1 Atlantic Surf Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
39.01 Property   1 259 5th Avenue                          
39.02 Property   1 250 Dekalb Avenue                          
40 Loan   1 27th Street Workspaces NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
41 Loan F 1 1165-1195 Merrill Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
42 Loan 20 1 True Rudder NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP
43 Loan 21 1 2801 Finley Road NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP

 

A-1-13

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Sponsor Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)
Tenants-in-common
(Y/N)
1 Loan   1 300 East 34th Street Charles Kibel and Adam Kibel Charles Kibel and Adam Kibel No No
2 Loan 5 1 U.S. Steel Tower The 601W Companies Michael Silberberg No No
3 Loan 5, 7, 9 1 The Domain Simon Property Group, L.P. Simon Property Group, L.P. No No
4 Loan 11 1 La Alameda Shopping Center Lard Investments, LLC and Primestor Development Arturo Sneider, John Selby, Leandro Tyberg, Juan Tyberg, Juan Tyberg and Rosa Tyberg as trustees of the Unitas Trust, Richard Flores, Larry Flores and David Flores No No
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 Blackwater Investments, Inc. Blackwater Investments, Inc. No No
5.01 Property   1 U-Haul Moving & Storage Of Inkster        
5.02 Property   1 U-Haul Moving & Storage Of Downtown        
5.03 Property   1 U-Haul Moving & Storage Of Thornton        
5.04 Property   1 U-Haul Moving & Storage Of Belmont        
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway        
5.06 Property   1 U-Haul Moving & Storage Of Dayton        
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville        
5.08 Property   1 U-Haul Moving & Storage At Austin Highway        
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale        
6 Loan   1 2600 Redondo David Y. Lee David Y. Lee No No
7 Loan   1 Granite Tower Larson Capital Management, LLC Paul D. Larson No Yes
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio Moshe Greenzweig, Aaron Jungreis and Eliezer Gottlieb Moshe Greenzweig, Aaron Jungreis and Eliezer Gottlieb No No
8.01 Property   1 261 Lenox Road        
8.02 Property   1 141 Lenox Road        
8.03 Property   1 250 Parkville Avenue        
9 Loan   1 Evanston Plaza Bon Investments USA LLC Bon Investments USA LLC No No
10 Loan   1 150 Thornhill McKnight Realty Partners Charles S. Perlow and William C. Rudolph No No
11 Loan   1 Snohomish Station Shopping Center Steve Malsam and James L. Evans Steve Malsam and James L. Evans No No
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee Yoel Kiss Yoel Kiss No No
13 Loan 13 1 Tower Point at the Highlands Yaakov Prager Yaakov Prager No No
14 Loan   1 6304 Spine Road Hamad Alhomaizi Hamad Alhomaizi No No
15 Loan   1 Shoppes of Carrollwood & Colonial Square Laurans A. Mendelson Laurans A. Mendelson No No
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio Daniel Stuzin Daniel Stuzin No No
16.01 Property   1 Winchester Office Building        
16.02 Property   1 Moorefield Office Park        
17 Loan   1 High Meadow Apartments Arizona Lipnob Estates, LLC Arizona Lipnob Estates, LLC No No
18 Loan 6, 14 2 Martin Downs & Metro Gateway Realia Properties, INC., Jean-Dean Cohen and Stephane Amine Realia Properties, INC., Jean-Dean Cohen and Stephane Amine No No
18.01 Property   1 Martin Downs        
18.02 Property   1 Metro Gateway        
19 Loan   1 Casa Grande Flexible Apartments Stephen G. Siegel Stephen G. Siegel No No
20 Loan 15, 16 1 Glenwood Farms Aron Puretz Aron Puretz No No
21 Loan 7 1 Summerhill Marketplace Harvey Schultz Harvey Schultz No No
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio Abe Cohen Abe Cohen No Yes
22.01 Property   1 74 1st Place        
22.02 Property   1 228 Livingston Street        
22.03 Property   1 710 Degraw Street        
22.04 Property   1 302 5th Street        
23 Loan   1 Willow Lawn Robert W. Hargett Robert W. Hargett No No
24 Loan   1 South York Plaza Sassan J. Emral Shaool; Adam C. Emral Shaool Sassan J. Emral Shaool; Adam C. Emral Shaool No No
25 Loan B, 7 1 Home Depot Warehouse Ilan Goldstein Ilan Goldstein No No
26 Loan   1 39 Suydam Shapour Sohayegh, Frank Tehrani and Payam P. Moradof Shapour Sohayegh, Frank Tehrani and Payam P. Moradof No No
27 Loan C 1 Guardian Storage Westminster Steven H. Cohen Steven H. Cohen No No
28 Loan   1 Porte De L’eau Plaza Ardena Holdings Inc., Nivea Development Florida 3, Inc. and Pavona Cape Fear LLC Ardena Holdings Inc., Nivea Development Florida 3, Inc. and Pavona Cape Fear LLC No No
29 Loan D 1 Guardian Storage Washington Steven H. Cohen Steven H. Cohen No No
30 Loan E, 7 1 Briar Creek Plaza Leo S. Ullman and Robert F. Whalen, Jr. Leo S. Ullman and Robert F. Whalen, Jr. No No
31 Loan 8, 15, 17 1 180 East 79th Street Third Colony Corp. NAP No No
32 Loan   1 Captree Shopping Center Jerry S. Williams and Stephen M. Brown Jerry S. Williams and Stephen M. Brown No No
33 Loan   1 El Dorado Apartments Marco Seidman Marco Seidman No No
34 Loan   1 Arlingate Plaza Francis Greenburger Francis Greenburger No No
35 Loan   1 Sportsmans Warehouse Francis Greenburger Francis Greenburger No No
36 Loan 6 2 Tiger and AA Self Storage Adam J. Ellsworth Adam J. Ellsworth No No
36.01 Property   1 AA Self Storage        
36.02 Property   1 Tiger Self Storage        
37 Loan 18 1 Abbotts Bridge Office Sebastian Barbagallo Sebastian Barbagallo No No
38 Loan   1 Atlantic Surf Apartments Joseph B. Edelkopf and Steven Mayer Joseph B. Edelkopf and Steven Mayer No No
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio James Bui James Bui No No
39.01 Property   1 259 5th Avenue        
39.02 Property   1 250 Dekalb Avenue        
40 Loan   1 27th Street Workspaces Jeffrey Pechter Jeffrey Pechter No No
41 Loan F 1 1165-1195 Merrill Street Christopher Kelly Christopher Kelly No No
42 Loan 20 1 True Rudder Jeffrey Pechter Jeffrey Pechter No No
43 Loan 21 1 2801 Finley Road Andrew B. Ho Andrew B. Ho No No

 

A-1-14

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal’s New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($)
1 Loan   1 300 East 34th Street Refinance   75,000,000 0 0 0 75,000,000 52,701,890 0 1,406,931 581,816 20,309,362 0
2 Loan 5 1 U.S. Steel Tower Refinance   200,000,000 18,082,906 45,000,000 0 263,082,906 173,687,525 0 4,146,677 12,966,235 72,282,468 0
3 Loan 5, 7, 9 1 The Domain Refinance   210,000,000 0 0 0 210,000,000 175,106,561 0 1,070,388 0 33,823,051 0
4 Loan 11 1 La Alameda Shopping Center Refinance   40,000,000 0 0 0 40,000,000 38,250,207 0 602,089 687,184 460,520 0
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 Refinance   40,000,000 0 0 0 40,000,000 20,734,700 0 741,767 309,748 18,213,785 0
5.01 Property   1 U-Haul Moving & Storage Of Inkster                          
5.02 Property   1 U-Haul Moving & Storage Of Downtown                          
5.03 Property   1 U-Haul Moving & Storage Of Thornton                          
5.04 Property   1 U-Haul Moving & Storage Of Belmont                          
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway                          
5.06 Property   1 U-Haul Moving & Storage Of Dayton                          
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville                          
5.08 Property   1 U-Haul Moving & Storage At Austin Highway                          
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale                          
6 Loan   1 2600 Redondo Refinance   37,000,000 0 0 0 37,000,000 25,897,651 0 346,010 291,682 10,464,658 0
7 Loan   1 Granite Tower Acquisition   36,300,000 20,804,769 0 0 57,104,769 0 54,300,000 1,191,189 1,613,580 0 0
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio Refinance   33,000,000 0 0 0 33,000,000 23,903,078 0 1,252,338 493,874 7,350,711 0
8.01 Property   1 261 Lenox Road                          
8.02 Property   1 141 Lenox Road                          
8.03 Property   1 250 Parkville Avenue                          
9 Loan   1 Evanston Plaza Acquisition   26,250,000 10,709,389 0 0 36,959,389 0 36,180,000 311,472 467,917 0 0
10 Loan   1 150 Thornhill Refinance   26,200,000 0 0 0 26,200,000 13,591,263 0 540,237 2,256,189 9,812,311 0
11 Loan   1 Snohomish Station Shopping Center Refinance   25,300,000 0 0 0 25,300,000 24,817,304 0 237,621 104,836 140,239 0
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee Acquisition   50,000,000 17,384,105 0 0 67,384,105 0 64,500,000 2,196,277 687,829 0 0
13 Loan 13 1 Tower Point at the Highlands Acquisition   20,000,000 12,444,504 0 0 32,444,504 0 29,250,000 1,112,919 2,081,585 0 0
14 Loan   1 6304 Spine Road Refinance   19,000,000 0 0 0 19,000,000 11,264,730 0 597,407 2,434,511 4,703,352 0
15 Loan   1 Shoppes of Carrollwood & Colonial Square Refinance   18,500,000 0 0 0 18,500,000 17,466,289 0 306,129 487,922 239,660 0
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio Acquisition                        
16.01 Property   1 Winchester Office Building                          
16.02 Property   1 Moorefield Office Park                          
17 Loan   1 High Meadow Apartments Acquisition                        
18 Loan 6, 14 2 Martin Downs & Metro Gateway Refinance                        
18.01 Property   1 Martin Downs                          
18.02 Property   1 Metro Gateway                          
19 Loan   1 Casa Grande Flexible Apartments Refinance                        
20 Loan 15, 16 1 Glenwood Farms Refinance                        
21 Loan 7 1 Summerhill Marketplace Refinance                        
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio Refinance                        
22.01 Property   1 74 1st Place                          
22.02 Property   1 228 Livingston Street                          
22.03 Property   1 710 Degraw Street                          
22.04 Property   1 302 5th Street                          
23 Loan   1 Willow Lawn Refinance                        
24 Loan   1 South York Plaza Acquisition                        
25 Loan B, 7 1 Home Depot Warehouse Acquisition                        
26 Loan   1 39 Suydam Refinance                        
27 Loan C 1 Guardian Storage Westminster Refinance                        
28 Loan   1 Porte De L’eau Plaza Acquisition                        
29 Loan D 1 Guardian Storage Washington Refinance                        
30 Loan E, 7 1 Briar Creek Plaza Acquisition                        
31 Loan 8, 15, 17 1 180 East 79th Street Refinance                        
32 Loan   1 Captree Shopping Center Refinance                        
33 Loan   1 El Dorado Apartments Refinance                        
34 Loan   1 Arlingate Plaza Refinance                        
35 Loan   1 Sportsmans Warehouse Acquisition                        
36 Loan 6 2 Tiger and AA Self Storage Acquisition                        
36.01 Property   1 AA Self Storage                          
36.02 Property   1 Tiger Self Storage                          
37 Loan 18 1 Abbotts Bridge Office Refinance                        
38 Loan   1 Atlantic Surf Apartments Refinance                        
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio Refinance                        
39.01 Property   1 259 5th Avenue                          
39.02 Property   1 250 Dekalb Avenue                          
40 Loan   1 27th Street Workspaces Refinance                        
41 Loan F 1 1165-1195 Merrill Street Refinance                        
42 Loan 20 1 True Rudder Refinance                        
43 Loan 21 1 2801 Finley Road Acquisition                        

 

A-1-15

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
1 Loan   1 300 East 34th Street 75,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan 5 1 U.S. Steel Tower 263,082,906 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 5, 7, 9 1 The Domain 210,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan 11 1 La Alameda Shopping Center 40,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21 40,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.01 Property   1 U-Haul Moving & Storage Of Inkster   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.02 Property   1 U-Haul Moving & Storage Of Downtown   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.03 Property   1 U-Haul Moving & Storage Of Thornton   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.04 Property   1 U-Haul Moving & Storage Of Belmont   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.06 Property   1 U-Haul Moving & Storage Of Dayton   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.08 Property   1 U-Haul Moving & Storage At Austin Highway   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan   1 2600 Redondo 37,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan   1 Granite Tower 57,104,769 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio 33,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.01 Property   1 261 Lenox Road   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.02 Property   1 141 Lenox Road   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8.03 Property   1 250 Parkville Avenue   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 Evanston Plaza 36,959,389 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   1 150 Thornhill 26,200,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan   1 Snohomish Station Shopping Center 25,300,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee 67,384,105 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 13 1 Tower Point at the Highlands 32,444,504 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 6304 Spine Road 19,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan   1 Shoppes of Carrollwood & Colonial Square 18,500,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.01 Property   1 Winchester Office Building   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.02 Property   1 Moorefield Office Park   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan   1 High Meadow Apartments   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 6, 14 2 Martin Downs & Metro Gateway   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.01 Property   1 Martin Downs   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.02 Property   1 Metro Gateway   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   1 Casa Grande Flexible Apartments   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 15, 16 1 Glenwood Farms   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 7 1 Summerhill Marketplace   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.01 Property   1 74 1st Place   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.02 Property   1 228 Livingston Street   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.03 Property   1 710 Degraw Street   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22.04 Property   1 302 5th Street   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Willow Lawn   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   1 South York Plaza   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan B, 7 1 Home Depot Warehouse   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   1 39 Suydam   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan C 1 Guardian Storage Westminster   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan   1 Porte De L’eau Plaza   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan D 1 Guardian Storage Washington   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan E, 7 1 Briar Creek Plaza   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan 8, 15, 17 1 180 East 79th Street   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 Captree Shopping Center   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan   1 El Dorado Apartments   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Arlingate Plaza   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan   1 Sportsmans Warehouse   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36 Loan 6 2 Tiger and AA Self Storage   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.01 Property   1 AA Self Storage   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
36.02 Property   1 Tiger Self Storage   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
37 Loan 18 1 Abbotts Bridge Office   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
38 Loan   1 Atlantic Surf Apartments   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
39.01 Property   1 259 5th Avenue   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
39.02 Property   1 250 Dekalb Avenue   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
40 Loan   1 27th Street Workspaces   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
41 Loan F 1 1165-1195 Merrill Street   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
42 Loan 20 1 True Rudder   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
43 Loan 21 1 2801 Finley Road   NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

A-1-16

 

MSC 2021-L6
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS

 

                         
                         
Loan ID Number Property
Flag
Footnotes (for Loan and Property Information) # of Properties Property Name Coop - Committed Secondary Debt Coop - Rental Value Coop - LTV as Rental Coop - Unsold Percent Coop - Sponsor Units Coop - Investor Units Coop - Coop Units Coop - Sponsor/Investor Carry
1 Loan   1 300 East 34th Street                  
2 Loan 5 1 U.S. Steel Tower                  
3 Loan 5, 7, 9 1 The Domain                  
4 Loan 11 1 La Alameda Shopping Center                  
5 Loan 6, 7 ,10 9 U-Haul SAC Portfolio 21                  
5.01 Property   1 U-Haul Moving & Storage Of Inkster                  
5.02 Property   1 U-Haul Moving & Storage Of Downtown                  
5.03 Property   1 U-Haul Moving & Storage Of Thornton                  
5.04 Property   1 U-Haul Moving & Storage Of Belmont                  
5.05 Property   1 U-Haul Moving & Storage At Northwest Highway                  
5.06 Property   1 U-Haul Moving & Storage Of Dayton                  
5.07 Property   1 U-Haul Moving & Storage Of Hendersonville                  
5.08 Property   1 U-Haul Moving & Storage At Austin Highway                  
5.09 Property   1 U-Haul Moving & Storage At 51st & Glendale                  
6 Loan   1 2600 Redondo                  
7 Loan   1 Granite Tower                  
8 Loan 6, 7 3 Lenox & Parkville Multifamily Portfolio                  
8.01 Property   1 261 Lenox Road                  
8.02 Property   1 141 Lenox Road                  
8.03 Property   1 250 Parkville Avenue                  
9 Loan   1 Evanston Plaza                  
10 Loan   1 150 Thornhill                  
11 Loan   1 Snohomish Station Shopping Center                  
12 Loan 5, 12 1 Woodbridge Corporate Plaza Leased Fee                  
13 Loan 13 1 Tower Point at the Highlands                  
14 Loan   1 6304 Spine Road                  
15 Loan   1 Shoppes of Carrollwood & Colonial Square                  
16 Loan A, 6, 7 2 Moorefield & Winchester Office Portfolio                  
16.01 Property   1 Winchester Office Building                  
16.02 Property   1 Moorefield Office Park                  
17 Loan   1 High Meadow Apartments                  
18 Loan 6, 14 2 Martin Downs & Metro Gateway                  
18.01 Property   1 Martin Downs                  
18.02 Property   1 Metro Gateway                  
19 Loan   1 Casa Grande Flexible Apartments                  
20 Loan 15, 16 1 Glenwood Farms                  
21 Loan 7 1 Summerhill Marketplace                  
22 Loan 6, 15 4 Brooklyn Conway Multifamily Portfolio                  
22.01 Property   1 74 1st Place                  
22.02 Property   1 228 Livingston Street                  
22.03 Property   1 710 Degraw Street                  
22.04 Property   1 302 5th Street                  
23 Loan   1 Willow Lawn                  
24 Loan   1 South York Plaza                  
25 Loan B, 7 1 Home Depot Warehouse                  
26 Loan   1 39 Suydam                  
27 Loan C 1 Guardian Storage Westminster                  
28 Loan   1 Porte De L'eau Plaza                  
29 Loan D 1 Guardian Storage Washington                  
30 Loan E, 7 1 Briar Creek Plaza                  
31 Loan 8, 15, 17 1 180 East 79th Street                  
32 Loan   1 Captree Shopping Center                  
33 Loan   1 El Dorado Apartments                  
34 Loan   1 Arlingate Plaza                  
35 Loan   1 Sportsmans Warehouse                  
36 Loan 6 2 Tiger and AA Self Storage                  
36.01 Property   1 AA Self Storage                  
36.02 Property   1 Tiger Self Storage                  
37 Loan 18 1 Abbotts Bridge Office                  
38 Loan   1 Atlantic Surf Apartments                  
39 Loan 6, 15, 19 2 Dekalb and 5th Avenue Portfolio                  
39.01 Property   1 259 5th Avenue                  
39.02 Property   1 250 Dekalb Avenue                  
40 Loan   1 27th Street Workspaces                  
41 Loan F 1 1165-1195 Merrill Street                  
42 Loan 20 1 True Rudder                  
43 Loan 21 1 2801 Finley Road                  

 

 

A-1-17

 

  MSC 2021-L6
  Footnotes to Annex A-1
   
(1) MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; AREF—Argentic Real Estate Finance LLC; SMC—Starwood Mortgage Capital LLC; BANA—Bank of America, National Association
   
(2) Certain tenants may not be in occupancy or may be in free rent periods. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans and tenants that occupy 50% or more of the net rentable area 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 tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties.
   
(5) With respect to Mortgage Loan No. 2, U.S. Steel Tower, Mortgage Loan No. 3, The Domain and Mortgage Loan No. 12, Woodbridge Corporate Plaza Leased Fee, each such Mortgage Loan is part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, 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 prospectus.
   
(6) With respect to Mortgage Loan No. 5, U-Haul SAC Portfolio 21, Mortgage Loan No. 8, Lenox & Parkville Multifamily Portfolio, Mortgage Loan No. 16, Moorefield & Winchester Office Portfolio, Mortgage Loan No. 18, Martin Downs & Metro Gateway, Mortgage Loan No. 22, Brooklyn Conway Multifamily Portfolio, Mortgage Loan No. 36, Tiger and AA Self Storage and Mortgage Loan No. 39, Dekalb and 5th Avenue Portfolio, each such Mortgage Loan is secured by multiple properties.  For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) 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. 3, The Domain, Mortgage Loan No. 5, U-Haul SAC Portfolio 21, Mortgage Loan No. 8, Lenox & Parkville Multifamily Portfolio, Mortgage Loan No. 16, Moorefield & Winchester Office Portfolio, Mortgage Loan No. 21, Summerhill Marketplace, Mortgage Loan No. 25, Home Depot Warehouse and Mortgage Loan No. 30, Briar Creek Plaza 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 prospectus.
   
(8) With respect to Mortgage Loan No. 31, 180 East 79th Street, the related mortgage loan documents permit future subordinate secured or unsecured 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” and “—Additional Indebtedness—Other Secured Indebtedness” in this prospectus.
   
(9) With respect to Mortgage Loan No. 3, The Domain,  the borrower has provided guaranties in lieu of making cash deposits for the Outstanding TI/LC and Gap Rent Reserves. The borrower is also entitled to provide guaranties in lieu of any springing monthly deposits into all other reserves under such Mortgage Loan.
   
(10) With respect to Mortgage Loan No. 5, U-Haul SAC Portfolio 21, the Mortgage Loan is structured with an Anticipated Repayment Date (“ARD”) and will be interest-only prior to the ARD. After the ARD, the following structure will apply: (i) the Mortgage Loan will accrue interest at a per annum rate (the “Adjusted Rate”) equal to 3.0000% plus the greater of (a) the initial interest rate of 2.5649% (the “Initial Term Interest Rate”) and (b) the 10-year swap yield as of the ARD plus 0.9500%; provided that in no event may the Adjusted Rate exceed the Initial Term Interest Rate plus 5.0000%. In addition, from and after the ARD, (i) the U-Haul SAC Portfolio 21 Mortgage Loan constant monthly payment of $180,756.88 is required to be

 

A-1-18

 

  applied first to interest at the Initial Term Interest Rate and then to principal, and (ii) all excess cash flow from the Mortgaged Properties is required to be applied to pay interest accrued at the Initial Term Interest Rate (to the extent not previously paid), then to reduce the principal balance of the Mortgage Loan until the entire outstanding principal balance of the Mortgage Loan is paid in full, and then to pay Excess Interest (as defined below). Interest accrued on the Mortgage Loan at the excess of the Adjusted Rate over the Initial Term Interest Rate and not paid pursuant to the preceding sentence will be added to the outstanding principal balance of the Mortgage Loan and accrue interest at the Adjusted Rate to the extent permitted by law (such accrued interest and interest thereon, the “Excess Interest”).
   
(11) With respect to Mortgage Loan No. 4, La Alameda Shopping Center, the Mortgaged Property was developed as a public/private type partnership and is subject to a Development Agreement (the “Development Agreement”) between the borrower and Los Angeles County Development Authority, previously known as the Community Development Commission of the County of Los Angeles (the “LACDA”).  The La Alameda Shopping Center Property also secures certain obligations of the borrower under the Development Agreement pursuant to a deed of trust made by the borrower in favor of the LACDA (the “LACDA DOT”).  The obligations of the borrower secured by the LACDA DOT are to pay (i) any shortfall between (x) amounts due under an $8.25 million original principal balance loan made by the United States Department of Housing and Urban Development to the LACDA (the “HUD Loan”) and (y) the sources of funds available to the LACDA to pay such amounts and (ii) certain profit participation payments due to the LACDA under the Development Agreement (collectively, the “LACDA Required Payments”). Pursuant to a subordination and intercreditor agreement among the borrower, the lender and the LACDA (the “LACDA ICA”), the LACDA DOT is subordinated to the Mortgage Loan in terms of lien priority; however, the borrower’s rights to receive the LACDA Required Payments are not subordinate to the La Alameda Shopping Center Mortgage Loan and the LACDA ICA does not have a standstill provision. The HUD Loan had a $2.356 million balance as of April 26, 2021, and is required to be paid in full by August 1, 2025. The current interest rate for the HUD Loan is 7.8% and will increase to 8.0% over the term. Including the HUD Loan, the aggregate loan-to-value ratio would be 53.3%, the aggregate Underwritten NCF DSCR would be 2.65x and the aggregate Underwritten NCF Debt Yield would be 9.5%.  
   
(12) With respect to Mortgage Loan No. 12, Woodbridge Corporate Plaza Leased Fee, such Mortgage Loan is subject to a planned amortization schedule.  On each payment date commencing in July 2021 and continuing until (and including) the payment date in June 2026, the borrower is required to pay to the lender an amount equal to $16,666.67, which will be applied toward the reduction of the outstanding principal balance of the Woodbridge Corporate Plaza Leased Fee Whole Loan (See “Annex A-4” in the prospectus).
   
(13) With respect to Mortgage Loan No. 13, Tower Point at The Highlands, the Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%), and Cut-off Date LTV Ratio (%) are calculated net of a $1,750,000 termination rollover reserve.  Provided no event of default and the Fundamental Administration tenant does not exercise its termination option on or prior to December 31, 2022 and the Fundamental Administration tenant continues to occupy, operate, and and pay full rent for their space, in accordance with the conditions in the Tower Point at The Highlands Mortgage Loan documents, the lender will disburse $1,250,000 of the termination rollover reserve to the borrower. The remaining $500,000 will continue to be held in the termination rollover reserve account and will be disbursed in connection with approved leasing expenses for the Fundamental Administration tenant space upon the expiration of the Fundamental Administration lease in December 2025. In the event the Fundamental Administration tenant exercises its termination option, the termination rollover reserve upfront deposit of $1,750,000 will be held in the termination rollover reserve subaccount and disbursed solely with respect to approved leasing expenses in connection with re-tenanting the Fundamental Administration tenant’s space. Assuming the gross Tower Point at The Highlands Mortgage Loan Cut-off Date Balance ($) of $20,000,000, Cut-off Date LTV Ratio (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are 68.0%, 10.5% and 10.0%, respectively.
   
(14) With respect to Mortgage Loan No. 18, Martin Downs & Metro Gateway, the Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Cut-off Date LTV Ratio (%) are calculated net of a $326,431.83 earnout reserve (the “SunTrust Earnout Reserve”).  Provided that no event of default then exists, the lender is required to disburse to the borrower the SunTrust Earnout Reserve funds to pay approved leasing expenses incurred in the leasing of the entire SunTrust space.  In the event that the SunTrust space has not been re-leased, or all approved leasing expenses incurred in connection therewith have not been paid in full, in either case as of June 6, 2024, the lender is required to apply any SunTrust Earnout Reserve funds then on deposit to prepay or defease a portion of the Martin Downs & Metro Gateway Mortgage Loan in an amount equal to the balance of such SunTrust Earnout Reserve funds as of such date, in which event, the borrower is required to pay (i) all costs incurred by the lender in connection therewith which are required to be borne by the borrower and (ii) if any such prepayment or defeasance is not made on a monthly payment date, the borrower is required to also pay interest that would have accrued on such prepaid principal to, but not including, the next payment date.  Assuming the gross Martin Downs & Metro Gateway Mortgage Loan Cut-off Date Balance ($) of $15,078,825, Cut-off Date LTV Ratio (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are 67.0%, 10.6% and 9.8%, respectively. As of June 6, 2024,  the lender will apply any SunTrust Earnout Reserve funds to prepay or defease a portion of the Mortgage Loan balance subject to the borrower being required to pay (i) all costs incurred by the lender in connection therewith which are required to be borne by the borrower (including, without limitation, payment of the yield maintenance premium, if applicable) and (ii) if any such prepayment or defeasance is not made on a payment date, the borrower will be required to also pay interest that would have accrued on such prepaid principal to, but not including, the next payment date.

 

A-1-19

 

(15) With respect to Mortgage Loan No. 20, Glenwood Farms, Mortgage Loan No. 22, Brooklyn Conway Multifamily Portfolio - 228 Livingston Street, Mortgage Loan No. 31, 180 East 79th Street and Mortgage Loan No. 39, Dekalb and 5th Avenue Portfolio, the % of NRA of each Tenant listed on this Annex A-1 is the percentage of retail space, rather than the percentage of the entire space.
   
(16) With respect to Mortgage Loan No. 20, Glenwood Farms, the Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Cut-off Date LTV Ratio (%) are calculated net of a $1,000,000 rent collection holdback.  No earlier than January 6, 2022, provided no event of default or cash management period is continuing, the remaining rent collection holdback is required to be released to the borrower upon the borrower’s satisfaction of the following conditions on or before July 6, 2024: (1) the lender has determined that the Mortgaged Property has achieved a full rent collection rate of greater than 90% for two consecutive calculation dates (exclusive of government assistance via the CARES Act and/or any other government subsidies) and (2) all applicable lease eviction moratoriums have been removed.  Assuming the gross Glenwood Farms Mortgage Loan Cut-off Date Balance ($) of $13,000,000, Cut-off Date LTV Ratio (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are 62.2%, 11.0% and 10.4%, respectively. Any prepayment of the Mortgage Loan will be subject to the yield maintenance premium, and the borrower will be required to pay to the lender the applicable yield maintenance premium and all costs incurred by the lender with respect to the prepayment, within ten business days after notice to the borrower of such prepayment.
   
(17) With respect to Mortgage Loan No. 31, 180 East 79th Street, the borrower is a cooperative housing corporation. No individual or entity (other than the borrower) has recourse obligations with respect to the 180 East 79th Street Mortgage Loan, including pursuant to any guaranty or environmental indemnity. Accordingly, no information is presented in the column labeled Non-Recourse Carveout Guarantor in Annex A-1. In addition, due to the specialized nature of residential housing cooperatives, certain information presented in and shown on Annex A-1 with respect to other Mortgage Loans is not presented with respect to the 180 East 79th Street Mortgage Loan and is, instead, reflected as not applicable (N/A). For example, since residential cooperatives are not-for-profit entities that generally set maintenance fees to cover current expenses and plan for future capital needs and a residential cooperative is generally able to increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves, historical Net Operating Income figures for residential cooperative properties are generally not representative of the cash flow generated by the Mortgaged Property if it were operated as a multifamily rental property. Accordingly, the Most Recent NOI ($), Second Most Recent NOI ($), Third Most Recent NOI ($), and the related fields shown on Annex A-1 are not presented on Annex A-1 with respect to the 180 East 79th Street Mortgage Loan. In addition, see “Risk FactorsRisks Relating to the Mortgage LoansResidential Cooperative Properties Have Special Risks” with respect to the determination of certain fields on Annex A-1, including but not limited to the Appraised Value, Coop-Rental Value, Underwritten NOI and Underwritten NCF.
   
(18) With respect to Mortgage Loan No. 37, Abbotts Bridge Office, the Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Cut-off Date LTV Ratio (%) are calculated net of a $1,000,000 earnout reserve. Provided no event of default has occurred or is continuing, funds will be disbursed to the borrowers upon achieving a Debt Yield of at least 10.85% prior to December 31, 2023 after which the lender can, at its sole discretion, apply the amounts on deposit to a prepayment of the loan on the next payment date or maintain the remaining balance in the reserve account.  Assuming the gross Abbotts Bridge Office Mortgage Loan Cut-off Date Balance ($) of $5,450,000, Cut-off Date LTV Ratio (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are 57.4%, 13.3% and 12.4%, respectively. Any prepayment of the Mortgage Loan pursuant to this earnout reserve will be subject to the yield maintenance premium, and the borrower will be required pay to the lender the applicable yield maintenance premium and all costs incurred by the lender with respect to the prepayment, within ten (10) business days after notice to the borrower of such prepayment.
   
(19) With respect to Mortgage Loan No. 39, DeKalb and 5th Avenue Portfolio, the largest tenant at the 250 Dekalb Avenue Mortgaged Property is an affiliate of the borrower.
   
(20) With respect to Mortgage Loan No. 42, True Rudder, the Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Cut-off Date LTV Ratio (%) are calculated net of a $200,000 debt yield holdback.  Provided no event of default has occurred and is continuing, funds will be disbursed to the borrowers upon (i) the 13th payment date has occurred, (ii) the Mortgaged Property has achieved an earnout debt yield (calculated as provided in the loan documents) of at least 10.5% and (iii) the Mortgaged Property is at least 90% occupied.  Assuming the gross True Rudder Mortgage Loan Cut-off Date Balance ($) of $4,200,000, Cut-off Date LTV Ratio (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are 64.6%, 11.0% and 10.9%, respectively. The lender has the right to apply the holdback funds to the capital expense reserve or the lender will apply the funds within the debt yield holdback subaccount to prepay a portion of the debt, in which event, the borrower will be required to pay (i) the yield maintenance premium applicable thereto and (ii) if any such prepayment is not made on a payment date,  the borrower will be required to also pay interest that would have accrued on such prepaid principal to, but not including, the next payment date.
   
(21) With respect to Mortgage Loan No. 43, 2801 Finley Road, the second largest tenant is affiliated with a minority owner of the borrower and the fourth largest tenant is affiliated with a different minority owner of the borrower.   
   
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 prior to the Prepayment Lockout Expiration Date, five percent (5%) of the unpaid principal

 

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  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 Open Prepayment 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 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.
   
C. “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount or (ii) (A) during the continuance 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 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 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.)
   
D. “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount or (ii)(A) during the continuance 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 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 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.)
   
E. “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.)

 

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F. “Yield Maintenance Premium” shall mean an amount equal to the greater of (i) two percent (2%) 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” 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 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.

 

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