FWP 1 n1098_anxa1-x5.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-207361-07
     

 

 

     
 

 

The Information contained herein (the “Information”) is preliminary and subject to change.  The information will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series CSAIL 2017-CX10 (the “Offering Document”). The Information supersedes any such information previously delivered.  The Information should be reviewed only in conjunction with the entire Offering Document. All of the Information is subject to the same limitations and qualifications contained in the Offering Document.  The Information does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document.  The Information contained herein will be more fully described elsewhere in the Offering Document.  The Information should not be viewed as projections, forecasts, predictions or opinions with respect to value.  Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. The privately offered securities described in the Offering Document as to which the Information relates have not been and will not be registered under the United States Securities Act of 1933, as amended. This material should be not construed as an effort to sell or the solicitation of any offer to buy any security in any jurisdiction where such offer of solicitation could be illegal.  

 

For investors in publicly offered securities as to which the Information relates: The depositor has filed a registration statement (including the prospectus) with the SEC (SEC File No. 333-207361) for the offering to which this communication relates.  Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the depositor or the underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-221-1037.

 

The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus.  This File does not contain all information that is required to be included in the prospectus.  This File should be reviewed only in conjunction with the entire prospectus.  Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the Certificates referred to herein in making their investment decision. 

 

The information in this File may be amended and/or supplemented prior to the time of sale.  The information in this File supersedes any contrary information contained in any prior File relating to the subject securities and will be superseded by any contrary information contained in any subsequent File prior to the time of sale. 

 

Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the free prospectus.  The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

 

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 these materials having been sent via Bloomberg or another email system.

 

 
     

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS              
                             
                             
Loan ID Footnotes Property
Flag
Deal Name % of Initial
Pool Balance
Mortgage
Loan
Originator
Mortgage
Loan Seller(1)
Credit Assessment (Fitch/KBRA) Original
Balance(2)
Cut-off Date
Balance(2)(3)
Maturity/ARD
Balance(2)
Cut-off Date
Balance per SF/
Units/Rooms/Pads(2)
Loan Purpose Sponsor(4) Non-Recourse Carveout Guarantor(4)
1   Loan Park Center Phase I 9.1% Column Column   $78,000,000 $78,000,000 $78,000,000 $267      Acquisition Mirae Asset Global Investments Co. Ltd; Transwestern Investment Group, L.L.C. Corporate Properties Trust II TRS, L.L.C.
2   Loan GNL Portfolio 8.5% Column Column   $73,000,000 $73,000,000 $73,000,000 $71      Refinance Global Net Lease Operating Partnership, L.P. Global Net Lease Operating Partnership, L.P.
2.01   Property Sandoz, Inc.   Column Column   $13,616,257 $13,616,257 $13,616,257 $71           
2.02   Property Intervet Inc.   Column Column   $10,520,588 $10,520,588 $10,520,588 $71           
2.03   Property GE Aviation Systems, LLC   Column Column   $9,388,503 $9,388,503 $9,388,503 $71           
2.04   Property FedEx Ground Package System, Inc. (NY)   Column Column   $7,563,503 $7,563,503 $7,563,503 $71           
2.05   Property Nissan North America Inc.   Column Column   $6,648,075 $6,648,075 $6,648,075 $71           
2.06   Property Constellium Automotive USA, LLC   Column Column   $5,972,727 $5,972,727 $5,972,727 $71           
2.07   Property C&J Energy Services, Inc. II   Column Column   $4,899,198 $4,899,198 $4,899,198 $71           
2.08   Property Lippert Components Manufacturing, Inc.   Column Column   $3,528,984 $3,528,984 $3,528,984 $71           
2.09   Property FedEx Ground Package System, Inc. (WV)   Column Column   $3,119,091 $3,119,091 $3,119,091 $71           
2.10   Property C&J Energy Services, Inc. I   Column Column   $3,044,920 $3,044,920 $3,044,920 $71           
2.11   Property U.S. General Services Administration   Column Column   $2,769,706 $2,769,706 $2,769,706 $71           
2.12   Property PNC Bank N.A.   Column Column   $1,928,449 $1,928,449 $1,928,449 $71           
3   Loan Yorkshire & Lexington Towers 7.0% Natixis Natixis BBB / BBB $60,000,000 $60,000,000 $60,000,000 $241,838      Refinance The Chetrit Group LLC; Stellar Management LLC The Chetrit Group LLC; Stellar Management LLC
3.01   Property Yorkshire Tower   Natixis Natixis   $50,220,000 $50,220,000 $50,220,000 $241,838           
3.02   Property Lexington Tower   Natixis Natixis   $9,780,000 $9,780,000 $9,780,000 $241,838           
4   Loan Westin Times Square Fee 6.7% Column Column NR / BBB- $57,000,000 $57,000,000 $57,000,000 $3,243      Refinance Tishman Hotel & Realty LP Tishman Hotel & Realty LP
5   Loan One California Plaza 5.8% Column Column A- / A $50,000,000 $50,000,000 $50,000,000 $130      Refinance Colony Capital Operating Company, LLC Colony Capital Operating Company, LLC
6   Loan Lehigh Valley Mall 5.8% Column Column   $50,000,000 $50,000,000 $39,793,363 $367      Refinance Simon Property Group, L.P. Simon Property Group, L.P.
7 (27) Loan The Standard Highline NYC 5.3% Natixis Natixis A / AAA $45,000,000 $45,000,000 $45,000,000 $133,136      Acquisition GC SHL, LLC GC SHL, LLC
8   Loan Centre 425 Bellevue 5.1% Natixis Natixis BBB+ / A $44,000,000 $44,000,000 $44,000,000 $263      Acquisition Aby Rosen; Michael Fuchs; David Edelstein Aby Rosen; Michael Fuchs; David Edelstein
9   Loan 379 West Broadway 4.9% Column Column   $42,000,000 $42,000,000 $42,000,000 $605      Refinance CLdN IMMO SA CLdN IMMO SA
10 (27) Loan 600 Vine 4.2% Natixis Natixis   $36,000,000 $35,998,538 $31,024,003 $91      Refinance Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz
11   Loan 300 Montgomery 3.5% Natixis Natixis   $30,000,000 $30,000,000 $30,000,000 $343      Refinance Downtown Properties Holdings, LLC Downtown Properties Holdings, LLC
12   Loan Garden Multifamily Portfolio 3.4% BSP BSP   $29,500,000 $29,333,985 $24,260,375 $47,967      Refinance Alfons Melohn Alfons Melohn
12.01   Property Carleton   BSP BSP   $3,180,870 $3,162,969 $2,615,901 $47,967           
12.02   Property River Glen   BSP BSP   $3,073,130 $3,055,836 $2,527,298 $47,967           
12.03   Property Tabor Ridge   BSP BSP   $2,462,609 $2,448,750 $2,025,214 $47,967           
12.04   Property Ridgewood   BSP BSP   $2,411,304 $2,397,734 $1,983,022 $47,967           
12.05   Property Foxhaven   BSP BSP   $2,036,783 $2,025,320 $1,675,021 $47,967           
12.06   Property Hayfield   BSP BSP   $2,031,652 $2,020,219 $1,670,801 $47,967           
12.07   Property Laurel   BSP BSP   $1,795,652 $1,785,547 $1,476,718 $47,967           
12.08   Property Wood Trail   BSP BSP   $1,770,000 $1,760,039 $1,455,623 $47,967           
12.09   Property Camellia   BSP BSP   $1,680,217 $1,670,762 $1,381,787 $47,967           
12.10   Property Ashgrove   BSP BSP   $1,564,783 $1,555,977 $1,286,855 $47,967           
12.11   Property Slate Run   BSP BSP   $1,546,826 $1,538,121 $1,272,087 $47,967           
12.12   Property Forsythia   BSP BSP   $1,539,130 $1,530,469 $1,265,759 $47,967           
12.13   Property Beckford   BSP BSP   $1,513,478 $1,504,961 $1,244,663 $47,967           
12.14   Property Meadowood   BSP BSP   $1,508,348 $1,499,859 $1,240,444 $47,967           
12.15   Property Elmwood   BSP BSP   $1,385,217 $1,377,422 $1,139,183 $47,967           
13 (27) Loan 333 North Bedford 3.4% Natixis Natixis   $29,500,000 $28,844,126 $23,244,403 $95      Refinance James A. Diamond; William E. Diamond James A. Diamond; William E. Diamond
14   Loan Miracle Mile 3.3% BSP BSP   $28,000,000 $28,000,000 $25,555,903 $187      Acquisition M & J Wilkow, Ltd. M & J Wilkow, Ltd.
15 (27) Loan Totowa Commerce Center 3.1% Natixis Natixis   $26,750,000 $26,750,000 $24,360,646 $102      Acquisition Jeffrey Greenberg; Steven Greenberg Jeffrey Greenberg; Steven Greenberg
15.01   Property 80-100 Commerce Way   Natixis Natixis   $3,494,101 $3,494,101 $3,182,002 $102           
15.02   Property 40 Commerce Way   Natixis Natixis   $3,396,659 $3,396,659 $3,093,264 $102           
15.03   Property 29 Commerce Way   Natixis Natixis   $3,380,095 $3,380,095 $3,078,179 $102           
15.04   Property One Center Court   Natixis Natixis   $3,205,116 $3,205,116 $2,918,830 $102           
15.05   Property 11 Commerce Way   Natixis Natixis   $3,194,062 $3,194,062 $2,908,763 $102           
15.06   Property 45 Commerce Way   Natixis Natixis   $2,982,738 $2,982,738 $2,716,315 $102           
15.07   Property 999 Riverview Drive   Natixis Natixis   $1,981,090 $1,981,090 $1,804,136 $102           
15.08   Property Two Center Court   Natixis Natixis   $1,947,612 $1,947,612 $1,773,648 $102           
15.09   Property 120-140 Commerce Way   Natixis Natixis   $1,674,587 $1,674,587 $1,525,010 $102           
15.10   Property 60 Commerce Way   Natixis Natixis   $755,066 $755,066 $687,622 $102           
15.11   Property 20 Commerce Way   Natixis Natixis   $738,874 $738,874 $672,877 $102           
16   Loan Rockside Office Portfolio 2.8% BSP BSP   $24,000,000 $24,000,000 $24,000,000 $68      Refinance Francis Greenburger Francis Greenburger
16.01   Property Freedom Square II   BSP BSP   $8,500,000 $8,500,000 $8,500,000 $68           
16.02   Property Freedom Square III   BSP BSP   $5,225,000 $5,225,000 $5,225,000 $68           
16.03   Property Rock Run North   BSP BSP   $4,400,000 $4,400,000 $4,400,000 $68           
16.04   Property Rock Run Center   BSP BSP   $4,200,000 $4,200,000 $4,200,000 $68           
16.05   Property Freedom Square I   BSP BSP   $1,675,000 $1,675,000 $1,675,000 $68           
17   Loan The Boulders Resort & Spa 2.7% Column Column   $23,000,000 $22,952,843 $21,360,790 $455,315      Refinance Columbia Sussex Corporation; CSC Holdings, LLC Columbia Sussex Corporation; CSC Holdings, LLC
18   Loan 701 East 22nd Street 1.8% BSP BSP   $15,190,000 $15,190,000 $15,190,000 $87      Acquisition Lincoln Property Company Commercial, Inc.; Bruce Stern Lincoln Property Company Commercial, Inc.; Bruce Stern
19   Loan 237 East Fordham Road 1.8% Natixis Natixis   $15,000,000 $15,000,000 $15,000,000 $625      Refinance Joseph Nakash, Aaron E. Cohen, Elliot D. Cohen Joseph Nakash, Aaron E. Cohen, Elliot D. Cohen
20   Loan Wild Meadows 1.7% Column Column   $14,500,000 $14,500,000 $14,500,000 $65,022      Acquisition Ross H. Partrich Ross H. Partrich
21   Loan Mt. Washington Mill 1.7% BSP BSP   $14,150,000 $14,150,000 $12,056,320 $193      Refinance Samuel K. Himmelrich, Jr. Samuel K. Himmelrich, Jr.
22   Loan Goldstar Industrial Portfolio 1.4% BSP BSP   $11,600,000 $11,600,000 $11,600,000 $53      Acquisition Michael S. Brodsky Michael S. Brodsky
22.01   Property 1361 Brass Mill Road   BSP BSP   $3,235,000 $3,235,000 $3,235,000 $53           
22.02   Property Harwood Business Center   BSP BSP   $2,900,000 $2,900,000 $2,900,000 $53           
22.03   Property 201 Gateway Drive   BSP BSP   $1,617,000 $1,617,000 $1,617,000 $53           
22.04   Property 2113 Columbia Park Road   BSP BSP   $1,450,000 $1,450,000 $1,450,000 $53           
22.05   Property 2111 Emmorton Park Road   BSP BSP   $1,227,000 $1,227,000 $1,227,000 $53           
22.06   Property 5495 Levering Avenue   BSP BSP   $1,171,000 $1,171,000 $1,171,000 $53           
23   Loan Meadows at June Road 1.2% BSP BSP   $10,500,000 $10,500,000 $9,267,264 $132,911      Refinance Robert Janicki; John Janicki Robert Janicki; John Janicki
24   Loan Lakefront I & II 1.2% BSP BSP   $10,430,000 $10,430,000 $10,430,000 $54      Acquisition Sebastian Barbagallo Sebastian Barbagallo
25   Loan Spurlock Apartments 0.9% Natixis Natixis   $8,000,000 $8,000,000 $6,979,761 $59,259      Refinance Scott Asner, Michael Gortenburg Scott Asner, Michael Gortenburg
26   Loan SeaMist RV Park 0.8% BSP BSP   $7,000,000 $7,000,000 $5,353,201 $28,455      Refinance Ronald Sewell Ronald Sewell
27   Loan Southern Woods 0.8% BSP BSP   $6,700,000 $6,700,000 $5,960,667 $64,423      Acquisition Gideon Levy Gideon Levy
28   Loan 332 East 6th Street 0.7% Natixis Natixis   $6,300,000 $6,300,000 $6,300,000 $525,000      Refinance Robert Kaliner; Harkishan Parekh; The Rafael Nassen Trust u/d/a April 1, 1982 Robert Kaliner; Harkishan Parekh; The Rafael Nassen Trust u/d/a April 1, 1982
29   Loan Springtree Apartments 0.6% Natixis Natixis   $5,000,000 $5,000,000 $4,089,204 $32,895      Refinance Scott Asner, Michael Gortenburg Scott Asner, Michael Gortenburg
30   Loan 1442 Pennsylvania Avenue Southeast 0.5% Natixis Natixis   $4,300,000 $4,300,000 $4,300,000 $388      Refinance Norman Jemal Norman Jemal
31   Loan Outback Steakhouse El Paso 0.2% Natixis Natixis   $1,750,000 $1,750,000 $1,750,000 $282      Acquisition Mordecai Mizrahi; Ezra Mizrahi Mordecai Mizrahi; Ezra Mizrahi

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                      
                                           
        MORTGAGED PROPERTY CHARACTERISTICS (7)                              
Loan ID Footnotes Property
Flag
Deal Name No. of
Properties
General Property Type Detailed Property Type Title Type(5)(6) Ground Lease
Initial Lease
Expiration Date(5)
Address City County State Zip Code Year Built Year Renovated Net Rentable Area
SF/Units/
Rooms/Pads
Units of
Measure
Occupancy
Rate(8)
Occupancy Rate
As-of Date
Appraised
Value
Appraisal
As-of Date
1   Loan Park Center Phase I 1 Office Suburban Fee NAP 236 Perimeter Center Parkway Northeast Dunwoody DeKalb GA 30346 2016 NAP 590,926 Square Feet 99.5% 7/1/2017 $307,500,000 6/26/2017
2   Loan GNL Portfolio 12 Various Various Fee NAP Various Various Various Various Various Various Various 2,620,673 Square Feet 100.0% 11/6/2017 $323,100,000 Various
2.01   Property Sandoz, Inc. 1 Office Suburban Fee NAP 100 College Road West Plainsboro Middlesex NJ 08540 2001 2014 154,101 Square Feet 100.0% 11/6/2017 $59,400,000 8/31/2017
2.02   Property Intervet Inc. 1 Office Suburban Fee NAP 2 Giralda Farms Madison Middlesex NJ 07940 1988 2014 146,366 Square Feet 100.0% 11/6/2017 $49,000,000 8/24/2017
2.03   Property GE Aviation Systems, LLC 1 Mixed Use Office/Industrial Fee NAP 3290 Patterson Avenue Southeast Grand Rapids Kent MI 49512 1986 1990 369,000 Square Feet 100.0% 11/6/2017 $37,000,000 8/24/2017
2.04   Property FedEx Ground Package System, Inc. (NY) 1 Industrial Distribution Fee NAP 100 Orville Drive Bohemia Suffolk NY 11716 1976 2014 158,520 Square Feet 100.0% 11/6/2017 $33,000,000 8/22/2017
2.05   Property Nissan North America Inc. 1 Industrial Distribution Fee NAP 4500 Singer Road Murfreesboro Rutherford TN 37129 2008 2013 462,155 Square Feet 100.0% 11/6/2017 $29,000,000 9/6/2017
2.06   Property Constellium Automotive USA, LLC 1 Industrial Single Tenant Fee NAP 6331 Schooner Drive Van Buren Township Wayne MI 48111 1998 2014 320,680 Square Feet 100.0% 11/6/2017 $25,500,000 8/25/2017
2.07   Property C&J Energy Services, Inc. II 1 Office Suburban Fee NAP 3990 Rogerdale Road Houston Harris TX 77042 2013 NAP 125,000 Square Feet 100.0% 11/6/2017 $25,100,000 9/18/2017
2.08   Property Lippert Components Manufacturing, Inc. 1 Industrial Warehouse Fee NAP 1902 West Sample Street South Bend St. Joseph IN 46619 2003 NAP 539,137 Square Feet 100.0% 11/6/2017 $15,400,000 8/31/2017
2.09   Property FedEx Ground Package System, Inc. (WV) 1 Industrial Distribution Fee NAP 163 Pitman Road Morgantown Monongalia WV 26501 2016 NAP 103,512 Square Feet 100.0% 11/6/2017 $13,600,000 9/6/2017
2.10   Property C&J Energy Services, Inc. I 1 Mixed Use Office/Industrial Fee NAP 10771 Westpark Drive Houston Harris TX 77042 2013 NAP 96,149 Square Feet 100.0% 11/6/2017 $15,600,000 9/18/2017
2.11   Property U.S. General Services Administration 1 Office Suburban Fee NAP 312 Highway 11 East International Falls Koochiching MN 56649 2009 NAP 33,000 Square Feet 100.0% 11/6/2017 $12,900,000 8/23/2017
2.12   Property PNC Bank N.A. 1 Office Suburban Fee NAP 201 Penn Avenue Scranton Lackawanna PA 18503 1975 1994 113,053 Square Feet 100.0% 11/6/2017 $7,600,000 8/22/2017
3   Loan Yorkshire & Lexington Towers 2 Multifamily High-Rise Fee NAP Various New York New York NY Various Various 2014-2017 827 Units 92.0% 9/24/2017 $890,000,000 8/15/2017
3.01   Property Yorkshire Tower 1 Multifamily High-Rise Fee NAP 305 East 86th Street New York New York NY 10028 1964 2014-2017 690 Units 93.0% 9/24/2017 $745,000,000 8/15/2017
3.02   Property Lexington Tower 1 Multifamily High-Rise Fee NAP 160 East 88th Street New York New York NY 10128 1963 2014-2017 137 Units 86.9% 9/24/2017 $145,000,000 8/15/2017
4   Loan Westin Times Square Fee 1 Other Leased Fee Leased Fee NAP 270 West 43rd Street New York New York NY 10036 2002 2016 17,574 Square Feet 100.0% 11/6/2017 $126,000,000 9/7/2017
5   Loan One California Plaza 1 Office CBD Fee NAP 300 South Grand Avenue Los Angeles Los Angeles CA 90071 1985 2012-2016 1,047,062 Square Feet 87.7% 9/1/2017 $459,000,000 9/7/2017
6   Loan Lehigh Valley Mall 1 Retail Super Regional Mall Fee NAP 250 Lehigh Valley Mall Whitehall Lehigh PA 18052 1976 2006 545,233 Square Feet 83.9% 10/12/2017 $445,000,000 9/4/2017
7 (27) Loan The Standard Highline NYC 1 Hotel Full Service Fee NAP 848 Washington Street New York New York NY 10014 2006-2008 NAP 338 Rooms 90.9% 7/31/2017 $340,000,000 9/7/2017
8   Loan Centre 425 Bellevue 1 Office CBD Fee NAP 425 106th Avenue Northeast Bellevue King WA 98004 2017 NAP 356,909 Square Feet 100.0% 11/1/2017 $316,000,000 10/1/2017
9   Loan 379 West Broadway 1 Office CBD Fee NAP 379 West Broadway New York New York NY 10012 1889 1987 69,392 Square Feet 100.0% 10/1/2017 $80,000,000 6/1/2017
10 (27) Loan 600 Vine 1 Office CBD Fee NAP 600 Vine Street Cincinnati Hamilton OH 45202 1984 2005 578,893 Square Feet 80.1% 7/10/2017 $71,000,000 8/1/2017
11   Loan 300 Montgomery 1 Office CBD Fee NAP 300 Montgomery Street San Francisco San Francisco CA 94104 1918, 1941 2015 192,574 Square Feet 87.9% 7/19/2017 $119,600,000 5/24/2017
12   Loan Garden Multifamily Portfolio 15 Multifamily Garden Fee NAP Various Various Various Various Various Various NAP 1,192 Units 94.1% 8/1/2017 $80,160,000 Various
12.01   Property Carleton 1 Multifamily Garden Fee NAP 2976 Cascade Drive Ann Arbor Washtenaw MI 48104 1985 NAP 103 Units 96.1% 8/1/2017 $8,400,000 2/9/2017
12.02   Property River Glen 1 Multifamily Garden Fee NAP 1184 Fox Creek Lane Reynoldsburg Franklin OH 43068 1987 NAP 113 Units 98.2% 8/1/2017 $8,000,000 2/3/2017
12.03   Property Tabor Ridge 1 Multifamily Garden Fee NAP 80 Emerson Avenue Berea Cuyahoga OH 44017 1986 NAP 97 Units 99.0% 8/1/2017 $6,600,000 2/8/2017
12.04   Property Ridgewood 1 Multifamily Garden Fee NAP 3326 Michael Avenue Bedford Lawrence IN 47421 1984 NAP 98 Units 96.9% 8/1/2017 $6,100,000 2/9/2017
12.05   Property Foxhaven 1 Multifamily Garden Fee NAP 4171 Foxhaven Avenue Northwest Canton Stark OH 44718 1986 NAP 107 Units 90.7% 8/1/2017 $6,600,000 2/8/2017
12.06   Property Hayfield 1 Multifamily Garden Fee NAP 5519-C Limaburg Road Burlington Boone KY 41005 1987 NAP 86 Units 89.5% 8/1/2017 $5,360,000 2/7/2017
12.07   Property Laurel 1 Multifamily Garden Fee NAP 1632 Laurel Bay Drive Ypsilanti Washtenaw MI 48198 1989 NAP 68 Units 95.6% 8/1/2017 $4,700,000 2/9/2017
12.08   Property Wood Trail 1 Multifamily Garden Fee NAP 247 Jackson Street Newnan Coweta GA 30263 1984, 1985 NAP 61 Units 96.7% 8/1/2017 $4,700,000 2/9/2017
12.09   Property Camellia 1 Multifamily Garden Fee NAP 3835 Beth Anne Drive Columbus Franklin OH 43207 1981 NAP 104 Units 90.4% 8/1/2017 $5,600,000 2/3/2017
12.10   Property Ashgrove 1 Multifamily Garden Fee NAP 7701 Hogans Run Louisville Jefferson KY 40228 1985 NAP 60 Units 96.7% 8/1/2017 $4,150,000 2/7/2017
12.11   Property Slate Run 1 Multifamily Garden Fee NAP 450 Turney Road Bedford Cuyahoga OH 44146 1984 NAP 62 Units 88.7% 8/1/2017 $4,050,000 2/8/2017
12.12   Property Forsythia 1 Multifamily Garden Fee NAP 1481 Bunchline Drive Westerville Franklin OH 43081 1984 NAP 60 Units 98.3% 8/1/2017 $4,200,000 2/3/2017
12.13   Property Beckford 1 Multifamily Garden Fee NAP 36 Poston Road The Plains Athens OH 45780 1982 NAP 60 Units 90.0% 8/1/2017 $4,100,000 2/8/2017
12.14   Property Meadowood 1 Multifamily Garden Fee NAP 8611 Meadowood Drive Newburgh Warrick IN 47630 1985 NAP 65 Units 86.2% 8/1/2017 $4,000,000 2/9/2017
12.15   Property Elmwood 1 Multifamily Garden Fee NAP 1705 Roswell Road Marietta Cobb GA 30062 1984 NAP 48 Units 97.9% 8/1/2017 $3,600,000 2/9/2017
13 (27) Loan 333 North Bedford 1 Mixed Use Office/Retail/Warehouse Fee NAP 333 North Bedford Road Mount Kisco; Bedford Westchester NY 10549 1957 2007-2014 611,954 Square Feet 90.0% 7/1/2017 $94,700,000 7/27/2017
14   Loan Miracle Mile 1 Retail Anchored Fee & Leasehold 9/30/2046 4100 William Penn Highway Monroeville Allegheny PA 15146 1954 2006 298,694 Square Feet 97.7% 9/7/2017 $80,600,000 8/3/2017
15 (27) Loan Totowa Commerce Center 11 Various Various Fee NAP Various Totowa Passaic NJ 07512 Various NAP 507,779 Square Feet 85.5% 7/24/2017 $69,150,000 8/2/2017
15.01   Property 80-100 Commerce Way 1 Industrial Flex Fee NAP 80-100 Commerce Way Totowa Passaic NJ 07512 1996 NAP 47,294 Square Feet 100.0% 7/24/2017    
15.02   Property 40 Commerce Way 1 Industrial Flex Fee NAP 40 Commerce Way Totowa Passaic NJ 07512 1987 NAP 50,822 Square Feet 100.0% 7/24/2017    
15.03   Property 29 Commerce Way 1 Industrial Flex Fee NAP 29 Commerce Way Totowa Passaic NJ 07512 1990 NAP 50,969 Square Feet 100.0% 7/24/2017    
15.04   Property One Center Court 1 Industrial Flex Fee NAP One Center Court Totowa Passaic NJ 07512 1999 NAP 39,245 Square Feet 100.0% 7/24/2017    
15.05   Property 11 Commerce Way 1 Industrial Flex Fee NAP 11 Commerce Way Totowa Passaic NJ 07512 1989 NAP 47,207 Square Feet 100.0% 7/24/2017    
15.06   Property 45 Commerce Way 1 Industrial Flex Fee NAP 45 Commerce Way Totowa Passaic NJ 07512 1992 NAP 51,849 Square Feet 100.0% 7/24/2017    
15.07   Property 999 Riverview Drive 1 Office Suburban Fee NAP 999 Riverview Drive Totowa Passaic NJ 07512 1988 NAP 58,191 Square Feet 78.4% 7/24/2017 $6,800,000 8/2/2017
15.08   Property Two Center Court 1 Industrial Flex Fee NAP Two Center Court Totowa Passaic NJ 07512 1998 NAP 30,600 Square Feet 100.0% 7/24/2017    
15.09   Property 120-140 Commerce Way 1 Industrial Flex Fee NAP 120-140 Commerce Way Totowa Passaic NJ 07512 1994 NAP 35,765 Square Feet 77.0% 7/24/2017    
15.10   Property 60 Commerce Way 1 Industrial Flex Fee NAP 60 Commerce Way Totowa Passaic NJ 07512 1988 NAP 50,943 Square Feet 43.6% 7/24/2017    
15.11   Property 20 Commerce Way 1 Industrial Flex Fee NAP 20 Commerce Way Totowa Passaic NJ 07512 1992 NAP 44,894 Square Feet 46.3% 7/24/2017    
16   Loan Rockside Office Portfolio 5 Office Suburban Fee NAP Various Various Cuyahoga OH 44131 Various NAP 354,741 Square Feet 91.5% 9/30/2017 $47,330,000 10/3/2017
16.01   Property Freedom Square II 1 Office Suburban Fee NAP 6000 Freedom Square Drive Independence Cuyahoga OH 44131 1986 NAP 115,187 Square Feet 96.2% 9/30/2017 $17,280,000 10/3/2017
16.02   Property Freedom Square III 1 Office Suburban Fee NAP 4511 Rockside Road Independence Cuyahoga OH 44131 1997 NAP 71,693 Square Feet 96.9% 9/30/2017 $9,350,000 10/3/2017
16.03   Property Rock Run North 1 Office Suburban Fee NAP 5700 Lombardo Center Seven Hillls Cuyahoga OH 44131 1985 NAP 63,294 Square Feet 89.1% 9/30/2017 $8,550,000 10/3/2017
16.04   Property Rock Run Center 1 Office Suburban Fee NAP 5700 Lombardo Center Seven Hillls Cuyahoga OH 44131 1985 NAP 63,304 Square Feet 91.9% 9/30/2017 $7,930,000 10/3/2017
16.05   Property Freedom Square I 1 Office Suburban Fee NAP 4401 Rockside Road Independence Cuyahoga OH 44131 1980 NAP 41,263 Square Feet 72.3% 9/30/2017 $4,220,000 10/3/2017
17   Loan The Boulders Resort & Spa 1 Hotel Resort Fee NAP 34631 North Tom Darlington Drive Scottsdale Maricopa AZ 85262 1985 2015-2016 160 Rooms 73.8% 6/30/2017 $130,300,000 7/6/2017
18   Loan 701 East 22nd Street 1 Office Suburban Fee NAP 701 East 22nd Street Lombard DuPage IL 60148 1980 2001-2003 174,098 Square Feet 97.1% 9/30/2017 $23,600,000 8/19/2017
19   Loan 237 East Fordham Road 1 Retail Community Center Fee NAP 237-263 East Fordham Road Bronx Bronx NY 10458 1920 2017 24,000 Square Feet 100.0% 7/1/2017 $36,800,000 7/14/2017
20   Loan Wild Meadows 1 Manufactured Housing Manufactured Housing Community Fee NAP 529 Weaver Drive Dover Kent DE 19901 2002 NAP 223 Pads 100.0% 9/30/2017 $23,000,000 9/8/2017
21   Loan Mt. Washington Mill 1 Mixed Use Office/Retail Fee & Leasehold 4/9/2031 for Parcel A; 12/31/2020 for Lots 4, 5/7, 8 1340 Smith Avenue Baltimore NAP MD 21209 1820 1996 73,392 Square Feet 78.6% 8/1/2017 $26,500,000 7/31/2017
22   Loan Goldstar Industrial Portfolio 6 Industrial Flex Fee NAP Various Various Various MD Various Various NAP 217,500 Square Feet 96.0% Various $20,800,000 Various
22.01   Property 1361 Brass Mill Road 1 Industrial Flex Fee NAP 1361 Brass Mill Road Belcamp Harford MD 21017 2001 NAP 54,000 Square Feet 100.0% 8/17/2017 $5,800,000 8/21/2017
22.02   Property Harwood Business Center 1 Industrial Flex Fee NAP 6350-6360 South Hanover Road Elkridge Howard MD 21075 1989 NAP 47,100 Square Feet 91.1% 8/17/2017 $5,200,000 8/23/2017
22.03   Property 201 Gateway Drive 1 Industrial Flex Fee NAP 201 Gateway Drive Bel Air Harford MD 21014 1983 NAP 20,400 Square Feet 77.3% 8/17/2017 $2,900,000 8/21/2017
22.04   Property 2113 Columbia Park Road 1 Industrial Flex Fee NAP 2113 Columbia Park Road Edgewood Harford MD 21040 1987 NAP 30,000 Square Feet 100.0% 8/17/2017 $2,600,000 8/21/2017
22.05   Property 2111 Emmorton Park Road 1 Industrial Flex Fee NAP 2111 Emmorton Park Road Edgewood Harford MD 21040 1984 NAP 30,000 Square Feet 100.0% 8/17/2017 $2,200,000 8/21/2017
22.06   Property 5495 Levering Avenue 1 Industrial Flex Fee NAP 5495 Levering Avenue Elkridge Howard MD 21075 1962 NAP 36,000 Square Feet 100.0% 11/6/2017 $2,100,000 8/23/2017
23   Loan Meadows at June Road 1 Multifamily Garden Fee NAP 4343-4360 Fuchsia Drive and 4330-4349 Water Lily Loop Bellingham Whatcom WA 98226 2017 NAP 79 Units 100.0% 9/25/2017 $16,600,000 7/24/2017
24   Loan Lakefront I & II 1 Office Suburban Fee NAP 6101-6251 Chancellor Drive Orlando Orange FL 32809 1986 NAP 192,767 Square Feet 88.1% 7/31/2017 $17,680,000 9/5/2017
25   Loan Spurlock Apartments 1 Multifamily Garden Fee NAP 2575 North 31st Street Nederland Jefferson TX 77627 2003, 2005 NAP 135 Units 94.1% 6/28/2017 $12,300,000 9/20/2017
26   Loan SeaMist RV Park 1 Manufactured Housing Recreational Vehicle Community Fee NAP 4616 Devane Road Shallotte Brunswick NC 28470 1985 NAP 246 Pads 86.5% 10/1/2017 $12,440,000 9/6/2017
27   Loan Southern Woods 1 Multifamily Garden Fee NAP 1286 Southern Woods Drive Tucker Gwinnett GA 30084 1981 NAP 104 Units 96.2% 9/12/2017 $9,600,000 9/27/2017
28   Loan 332 East 6th Street 1 Multifamily Mid-Rise Fee NAP 332 East 6th Street New York New York NY 10003 1900 2016-2017 12 Units 91.7% 8/1/2017 $10,300,000 8/1/2017
29   Loan Springtree Apartments 1 Multifamily Garden Fee NAP 250 Springtree Drive Columbia Richland SC 29223 1982 2016-2017 152 Units 95.4% 6/28/2017 $7,100,000 8/31/2017
30   Loan 1442 Pennsylvania Avenue Southeast 1 Mixed Use Office/Retail Fee NAP 1442 Pennsylvania Avenue Southeast Washington District of Columbia DC 20003 2014 NAP 11,096 Square Feet 100.0% 10/31/2017 $6,900,000 9/27/2017
31   Loan Outback Steakhouse El Paso 1 Retail Single Tenant Fee NAP 11875 Gateway Boulevard West El Paso El Paso TX 79936 1998 2014-2016 6,204 Square Feet 100.0% 11/6/2017 $3,695,000 9/8/2017

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                                
                                               
        MORTGAGE LOAN CHARACTERISTICS                                    
Loan ID Footnotes Property
Flag
Deal Name Mortgage
Rate
Administrative
Fee Rate(9)
Subservicing Fee Rate(9) Master Servicing
Fee Rate(9)
Pari Passu
Loan Primary Servicing
Fee Rate(9)
Trustee
Fee Rate(9)
Operating Advisor
Fee Rate(9)
Asset Representations Review Fee(9) CREFC
Fee Rate(9)
Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Original Term
to Maturity (mos.)
Remaining Term
to Maturity (mos.)
Original
Interest-Only
Period (mos.)
Remaining
Interest-Only
Period (mos.)
Original
Amortization
Term (mos.)
Remaining
Amortization
Term (mos.)
Note Date First
Payment
Date
1   Loan Park Center Phase I 3.3400% 0.01387% 0.00250% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 3 No 84 81 84 81 0 0 7/27/2017 9/6/2017
2   Loan GNL Portfolio 4.3690% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/27/2017 12/6/2017
2.01   Property Sandoz, Inc.                                        
2.02   Property Intervet Inc.                                        
2.03   Property GE Aviation Systems, LLC                                        
2.04   Property FedEx Ground Package System, Inc. (NY)                                        
2.05   Property Nissan North America Inc.                                        
2.06   Property Constellium Automotive USA, LLC                                        
2.07   Property C&J Energy Services, Inc. II                                        
2.08   Property Lippert Components Manufacturing, Inc.                                        
2.09   Property FedEx Ground Package System, Inc. (WV)                                        
2.10   Property C&J Energy Services, Inc. I                                        
2.11   Property U.S. General Services Administration                                        
2.12   Property PNC Bank N.A.                                        
3   Loan Yorkshire & Lexington Towers 2.7400% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 1 No 60 59 60 59 0 0 10/3/2017 11/6/2017
3.01   Property Yorkshire Tower                                        
3.02   Property Lexington Tower                                        
4   Loan Westin Times Square Fee 3.5100% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/31/2017 12/6/2017
5   Loan One California Plaza 3.8000% 0.01387% 0.00250% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 84 84 84 84 0 0 10/26/2017 12/6/2017
6   Loan Lehigh Valley Mall 4.0560% 0.01387% 0.00250% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 0 0 360 360 10/13/2017 12/1/2017
7 (27) Loan The Standard Highline NYC 5.28377778% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/27/2017 12/5/2017
8   Loan Centre 425 Bellevue 4.1510% 0.01387% 0.00250% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 Yes 120 120 120 120 0 0 10/18/2017 12/7/2017
9   Loan 379 West Broadway 4.7410% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/12/2017 12/6/2017
10 (27) Loan 600 Vine 4.201553% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 2 No 120 118 0 0 360 358 8/31/2017 10/5/2017
11   Loan 300 Montgomery 3.5700% 0.01387% 0.00250% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 2 No 120 118 120 118 0 0 8/23/2017 10/5/2017
12   Loan Garden Multifamily Portfolio 5.0100% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 5 No 120 115 0 0 360 355 5/12/2017 7/6/2017
12.01   Property Carleton                                        
12.02   Property River Glen                                        
12.03   Property Tabor Ridge                                        
12.04   Property Ridgewood                                        
12.05   Property Foxhaven                                        
12.06   Property Hayfield                                        
12.07   Property Laurel                                        
12.08   Property Wood Trail                                        
12.09   Property Camellia                                        
12.10   Property Ashgrove                                        
12.11   Property Slate Run                                        
12.12   Property Forsythia                                        
12.13   Property Beckford                                        
12.14   Property Meadowood                                        
12.15   Property Elmwood                                        
13 (27) Loan 333 North Bedford 3.7800% 0.01387% 0.00250% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 15 No 120 105 0 0 360 345 8/4/2016 9/10/2016
14   Loan Miracle Mile 4.3400% 0.02387% 0.01000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 1 No 120 119 60 59 360 360 9/7/2017 11/6/2017
15 (27) Loan Totowa Commerce Center 4.2050% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 1 No 120 119 60 59 360 360 9/20/2017 11/5/2017
15.01   Property 80-100 Commerce Way                                        
15.02   Property 40 Commerce Way                                        
15.03   Property 29 Commerce Way                                        
15.04   Property One Center Court                                        
15.05   Property 11 Commerce Way                                        
15.06   Property 45 Commerce Way                                        
15.07   Property 999 Riverview Drive                                        
15.08   Property Two Center Court                                        
15.09   Property 120-140 Commerce Way                                        
15.10   Property 60 Commerce Way                                        
15.11   Property 20 Commerce Way                                        
16   Loan Rockside Office Portfolio 4.1500% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/24/2017 12/6/2017
16.01   Property Freedom Square II                                        
16.02   Property Freedom Square III                                        
16.03   Property Rock Run North                                        
16.04   Property Rock Run Center                                        
16.05   Property Freedom Square I                                        
17   Loan The Boulders Resort & Spa 5.4800% 0.01387% 0.00250% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 2 No 60 58 0 0 360 358 8/31/2017 10/6/2017
18   Loan 701 East 22nd Street 5.0000% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 84 84 84 84 0 0 10/18/2017 12/6/2017
19   Loan 237 East Fordham Road 3.9270% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 Yes 120 120 120 120 0 0 11/2/2017 12/5/2017
20   Loan Wild Meadows 4.5530% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/27/2017 12/6/2017
21   Loan Mt. Washington Mill 4.4100% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 1 No 120 119 24 23 360 360 9/12/2017 11/6/2017
22   Loan Goldstar Industrial Portfolio 4.2100% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 1 No 120 119 120 119 0 0 9/21/2017 11/6/2017
22.01   Property 1361 Brass Mill Road                                        
22.02   Property Harwood Business Center                                        
22.03   Property 201 Gateway Drive                                        
22.04   Property 2113 Columbia Park Road                                        
22.05   Property 2111 Emmorton Park Road                                        
22.06   Property 5495 Levering Avenue                                        
23   Loan Meadows at June Road 4.8700% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 1 No 120 119 36 35 360 360 10/4/2017 11/6/2017
24   Loan Lakefront I & II 4.4500% 0.06137% 0.05000% 0.00250% 0.00000% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 1 No 120 119 120 119 0 0 10/2/2017 11/6/2017
25   Loan Spurlock Apartments 4.3650% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 36 36 360 360 10/31/2017 12/5/2017
26   Loan SeaMist RV Park 5.6400% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 0 0 300 300 10/31/2017 12/6/2017
27   Loan Southern Woods 5.2400% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 36 36 360 360 10/25/2017 12/6/2017
28   Loan 332 East 6th Street 4.4500% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/12/2017 12/5/2017
29   Loan Springtree Apartments 4.8450% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 0 0 360 360 10/31/2017 12/5/2017
30   Loan 1442 Pennsylvania Avenue Southeast 4.6890% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/24/2017 12/5/2017
31   Loan Outback Steakhouse El Paso 5.1800% 0.01387% 0.00000% 0.00250% 0.00250% 0.00611% 0.00179% 0.00047% 0.00050% Actual/360 0 No 120 120 120 120 0 0 10/24/2017 12/5/2017

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                                
                                                 
        MORTGAGE LOAN CHARACTERISTICS                                
Loan ID Footnotes Property
Flag
Deal Name First P&I Payment
Date (Partial
IO Loans)
Maturity
 Date
ARD Loan
Stated Maturity
Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)(10)
Annual Debt
Service
(P&I)(11)
Annual Debt
Service
(IO)(11)
Lockbox Type(12) Cash Management Status Crossed With
Other Loans
Related-Borrower Loans(13) UW NOI
DSCR (P&I)(14)
UW NOI
DSCR (IO)
UW NCF
DSCR (P&I)(14)
UW NCF
DSCR (IO)
Cut-Off Date
LTV Ratio
Maturity Date LTV Ratio Grace Period to
Late Charge
(Days)
Grace Period to Default
(Days)
Due Date Prepayment Provisions
(No. of Payments)(15)(16)
1   Loan Park Center Phase I NAP 8/6/2024 8/6/2024 $220,115.28 $220,115.28 $2,641,383 $2,641,383 Hard Springing No No 3.19x 3.19x 3.17x 3.17x 51.4% 51.4% 0    0    6 YM1(74), O(10)
2   Loan GNL Portfolio NAP 11/6/2027 11/6/2027 $269,472.23 $269,472.23 $3,233,667 $3,233,667 Hard In Place No No 2.43x 2.43x 2.22x 2.22x 57.9% 57.9% 0    0    6 YM1(116), O(4)
2.01   Property Sandoz, Inc.                       2.43x   2.22x   57.9% 57.9%        
2.02   Property Intervet Inc.                       2.43x   2.22x   57.9% 57.9%        
2.03   Property GE Aviation Systems, LLC                       2.43x   2.22x   57.9% 57.9%        
2.04   Property FedEx Ground Package System, Inc. (NY)                       2.43x   2.22x   57.9% 57.9%        
2.05   Property Nissan North America Inc.                       2.43x   2.22x   57.9% 57.9%        
2.06   Property Constellium Automotive USA, LLC                       2.43x   2.22x   57.9% 57.9%        
2.07   Property C&J Energy Services, Inc. II                       2.43x   2.22x   57.9% 57.9%        
2.08   Property Lippert Components Manufacturing, Inc.                       2.43x   2.22x   57.9% 57.9%        
2.09   Property FedEx Ground Package System, Inc. (WV)                       2.43x   2.22x   57.9% 57.9%        
2.10   Property C&J Energy Services, Inc. I                       2.43x   2.22x   57.9% 57.9%        
2.11   Property U.S. General Services Administration                       2.43x   2.22x   57.9% 57.9%        
2.12   Property PNC Bank N.A.                       2.43x   2.22x   57.9% 57.9%        
3   Loan Yorkshire & Lexington Towers NAP 10/6/2022 10/6/2022 $138,902.78 $138,902.78 $1,666,833 $1,666,833 Soft Springing No No 4.31x 4.31x 4.28x 4.28x 22.5% 22.5% 0    0    6 L(25), Def(28), O(7)
3.01   Property Yorkshire Tower                       4.31x   4.28x   22.5% 22.5%        
3.02   Property Lexington Tower                       4.31x   4.28x   22.5% 22.5%        
4   Loan Westin Times Square Fee NAP 11/6/2027 11/6/2027 $169,040.63 $169,040.63 $2,028,488 $2,028,488 Hard In Place No No 1.87x 1.87x 1.87x 1.87x 45.2% 45.2% 0    0    6 YM1(35), Def or YM1(78), O(7)
5   Loan One California Plaza NAP 11/6/2024 11/6/2024 $160,532.41 $160,532.41 $1,926,389 $1,926,389 Hard Springing No No 4.91x 4.91x 4.42x 4.42x 29.6% 29.6% 0    0    6 L(24), Def(54), O(6)
6   Loan Lehigh Valley Mall NAP 11/1/2027 11/1/2027 $240,324.70 NAP $2,883,896 NAP Hard Springing No No 2.16x   2.07x   44.9% 35.8% 0    0    1 L(24), Def(89), O(7)
7 (27) Loan The Standard Highline NYC NAP 11/5/2027 11/5/2027 $200,893.63 $200,893.63 $2,410,724 $2,410,724 Hard In Place No Natixis-A 7.10x 7.10x 5.94x 5.94x 13.2% 13.2% 0    0    5 YM1(113), O(7)
8   Loan Centre 425 Bellevue NAP 1/30/2033 11/7/2027 $154,317.27 $154,317.27 $1,851,807 $1,851,807 Hard In Place No No 3.86x 3.86x 3.85x 3.85x 29.7% 29.7% 0    0    7 L(24), Def or YM1(89), O(7)
9   Loan 379 West Broadway NAP 11/6/2027 11/6/2027 $168,239.65 $168,239.65 $2,018,876 $2,018,876 Hard In Place No No 1.64x 1.64x 1.60x 1.60x 52.5% 52.5% 0    0    6 L(24), Def(89), O(7)
10 (27) Loan 600 Vine NAP 9/5/2027 9/5/2027 $178,746.17 NAP $2,144,954 NAP Hard In Place No No 1.74x   1.47x   74.4% 64.1% 0    0    5 L(26), Def or YM1(90), O(4)
11   Loan 300 Montgomery NAP 9/5/2027 9/5/2027 $90,489.58 $90,489.58 $1,085,875 $1,085,875 Hard Springing No Natixis-A 2.66x 2.66x 2.56x 2.56x 55.2% 55.2% 0    0    5 L(26), YM1(87), O(7)
12   Loan Garden Multifamily Portfolio NAP 6/6/2027 6/6/2027 $158,542.72 NAP $1,902,513 NAP Springing Springing No No 1.43x   1.33x   71.3% 59.0% 0    0    6 L(29), Def(87), O(4)
12.01   Property Carleton                       1.43x   1.33x   71.3% 59.0%        
12.02   Property River Glen                       1.43x   1.33x   71.3% 59.0%        
12.03   Property Tabor Ridge                       1.43x   1.33x   71.3% 59.0%        
12.04   Property Ridgewood                       1.43x   1.33x   71.3% 59.0%        
12.05   Property Foxhaven                       1.43x   1.33x   71.3% 59.0%        
12.06   Property Hayfield                       1.43x   1.33x   71.3% 59.0%        
12.07   Property Laurel                       1.43x   1.33x   71.3% 59.0%        
12.08   Property Wood Trail                       1.43x   1.33x   71.3% 59.0%        
12.09   Property Camellia                       1.43x   1.33x   71.3% 59.0%        
12.10   Property Ashgrove                       1.43x   1.33x   71.3% 59.0%        
12.11   Property Slate Run                       1.43x   1.33x   71.3% 59.0%        
12.12   Property Forsythia                       1.43x   1.33x   71.3% 59.0%        
12.13   Property Beckford                       1.43x   1.33x   71.3% 59.0%        
12.14   Property Meadowood                       1.43x   1.33x   71.3% 59.0%        
12.15   Property Elmwood                       1.43x   1.33x   71.3% 59.0%        
13 (27) Loan 333 North Bedford NAP 8/10/2026 8/10/2026 $137,121.77 NAP $1,645,461 NAP Hard Springing No No 1.74x   1.63x   61.4% 49.5% 0    0    10 L(39), Def(77), O(4)
14   Loan Miracle Mile 11/6/2022 10/6/2027 10/6/2027 $139,222.45 $102,673.15 $1,670,669 $1,232,078 Hard In-Place No No 1.62x 2.20x 1.52x 2.06x 69.5% 63.4% 0    0    6 L(25), Def(90), O(5)
15 (27) Loan Totowa Commerce Center 11/5/2022 10/5/2027 10/5/2027 $130,890.17 $95,038.35 $1,570,682 $1,140,460 Hard Springing No No 1.66x 2.28x 1.55x 2.13x 74.8% 68.2% 0    0    5 L(25), Def(92), O(3)
15.01   Property 80-100 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
15.02   Property 40 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
15.03   Property 29 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
15.04   Property One Center Court                       1.66x   1.55x   74.8% 68.2%        
15.05   Property 11 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
15.06   Property 45 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
15.07   Property 999 Riverview Drive                       1.66x   1.55x   74.8% 68.2%        
15.08   Property Two Center Court                       1.66x   1.55x   74.8% 68.2%        
15.09   Property 120-140 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
15.10   Property 60 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
15.11   Property 20 Commerce Way                       1.66x   1.55x   74.8% 68.2%        
16   Loan Rockside Office Portfolio NAP 11/6/2027 11/6/2027 $84,152.78 $84,152.78 $1,009,833 $1,009,833 Springing Springing No No 3.52x 3.52x 2.95x 2.95x 50.7% 50.7% 0    0    6 L(24), Def(92), O(4)
16.01   Property Freedom Square II                       3.52x   2.95x   50.7% 50.7%        
16.02   Property Freedom Square III                       3.52x   2.95x   50.7% 50.7%        
16.03   Property Rock Run North                       3.52x   2.95x   50.7% 50.7%        
16.04   Property Rock Run Center                       3.52x   2.95x   50.7% 50.7%        
16.05   Property Freedom Square I                       3.52x   2.95x   50.7% 50.7%        
17   Loan The Boulders Resort & Spa NAP 9/6/2022 9/6/2022 $130,303.01 NAP $1,563,636 NAP Hard In Place No No 1.94x   1.61x   55.9% 52.0% 0    0    6 L(26), Def(30), O(4)
18   Loan 701 East 22nd Street NAP 11/6/2024 11/6/2024 $64,170.72 $64,170.72 $770,049 $770,049 Hard Springing No No 2.30x 2.30x 2.03x 2.03x 64.4% 64.4% 0    0    6 L(24), YM1(55), O(5)
19   Loan 237 East Fordham Road NAP 11/5/2032 11/5/2027 $49,769.27 $49,769.27 $597,231 $597,231 Hard Springing No No 3.24x 3.24x 3.19x 3.19x 40.8% 40.8% 0    0    5 L(24), Def(92), O(4)
20   Loan Wild Meadows NAP 11/6/2027 11/6/2027 $55,779.52 $55,779.52 $669,354 $669,354 Springing Springing No No 1.55x 1.55x 1.53x 1.53x 63.0% 63.0% 0    0    6 L(24), Def(92), O(4)
21   Loan Mt. Washington Mill 11/6/2019 10/6/2027 10/6/2027 $70,941.28 $52,723.49 $851,295 $632,682 Hard Springing No No 2.21x 2.98x 2.12x 2.86x 53.4% 45.5% 0    0    6 L(25), Def(91), O(4)
22   Loan Goldstar Industrial Portfolio NAP 10/6/2027 10/6/2027 $41,261.90 $41,261.90 $495,143 $495,143 Springing Springing No No 3.12x 3.12x 2.78x 2.78x 55.8% 55.8% 0    0    6 L(25), Def(91), O(4)
22.01   Property 1361 Brass Mill Road                       3.12x   2.78x   55.8% 55.8%        
22.02   Property Harwood Business Center                       3.12x   2.78x   55.8% 55.8%        
22.03   Property 201 Gateway Drive                       3.12x   2.78x   55.8% 55.8%        
22.04   Property 2113 Columbia Park Road                       3.12x   2.78x   55.8% 55.8%        
22.05   Property 2111 Emmorton Park Road                       3.12x   2.78x   55.8% 55.8%        
22.06   Property 5495 Levering Avenue                       3.12x   2.78x   55.8% 55.8%        
23   Loan Meadows at June Road 11/6/2020 10/6/2027 10/6/2027 $55,535.00 $43,204.34 $666,420 $518,452 Soft Springing No No 1.29x 1.65x 1.26x 1.62x 63.3% 55.8% 0    0    6 L(25), Def(91), O(4)
24   Loan Lakefront I & II NAP 10/6/2027 10/6/2027 $39,215.11 $39,215.11 $470,581 $470,581 Springing Springing No No 3.85x 3.85x 3.42x 3.42x 59.0% 59.0% 0    0    6 L(25), Def(91), O(4)
25   Loan Spurlock Apartments 12/5/2020 11/5/2027 11/5/2027 $39,895.65 $29,504.17 $478,748 $354,050 Springing Springing No Natixis-B 1.79x 2.42x 1.70x 2.30x 65.0% 56.7% 0    0    5 L(24), Def(93), O(3)
26   Loan SeaMist RV Park NAP 11/6/2027 11/6/2027 $43,573.33 NAP $522,880 NAP Springing Springing No No 1.59x   1.57x   56.3% 43.0% 0    0    6 L(24), Def(92), O(4)
27   Loan Southern Woods 12/6/2020 11/6/2027 11/6/2027 $36,956.16 $29,663.01 $443,474 $355,956 NAP NAP No No 1.34x 1.67x 1.28x 1.60x 69.8% 62.1% 0    5    6 L(24), Def(92), O(4)
28   Loan 332 East 6th Street NAP 11/5/2027 11/5/2027 $23,686.98 $23,686.98 $284,244 $284,244 Soft Springing No No 1.58x 1.58x 1.57x 1.57x 61.2% 61.2% 0    0    5 L(24), Def(93), O(3)
29   Loan Springtree Apartments NAP 11/5/2027 11/5/2027 $26,369.44 NAP $316,433 NAP Springing Springing No Natixis-B 1.67x   1.52x   70.4% 57.6% 0    0    5 L(24), Def(93), O(3)
30   Loan 1442 Pennsylvania Avenue Southeast NAP 11/5/2027 11/5/2027 $17,035.61 $17,035.61 $204,427 $204,427 Hard Springing No No 1.83x 1.83x 1.78x 1.78x 62.3% 62.3% 0    0    5 L(24), Def(92), O(4)
31   Loan Outback Steakhouse El Paso NAP 11/5/2027 11/5/2027 $7,659.09 $7,659.09 $91,909 $91,909 Hard Springing No No 1.79x 1.79x 1.77x 1.77x 47.4% 47.4% 0    0    5 L(24), Def(93), O(3)

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS              
                                                     
        MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(17)         
Loan ID Footnotes Property
Flag
Deal Name Third Most
Recent Revenues
Third Most
Recent Expenses
Third Most
Recent NOI
Third
Most Recent
NOI Date
Third Most
Recent NOI
Debt Yield
Second Most
 Recent Revenues
Second Most
 Recent Expenses
Second Most
 Recent NOI
Second
Most Recent
NOI Date
Second Most
Recent NOI
Debt Yield
Most
 Recent Revenues
Most
 Recent Expenses
Most
Recent NOI
Most
Recent
NOI Date
Most
Recent NOI
Debt Yield
UW
Occupancy
UW EGI UW
Expenses
UW NOI UW NOI
Debt Yield
UW
Capital Items
UW NCF UW NCF
Debt Yield
1   Loan Park Center Phase I N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $22,593,870 $6,712,812 $15,881,058 YTD 5/31/2017 10.1% 99.6% $24,931,963 $7,842,171 $17,089,792 10.8% $124,408 $16,965,384 10.7%
2   Loan GNL Portfolio $23,428,526 $3,404,346 $20,024,180 2015 10.7% $24,523,966 $3,513,000 $21,010,966 2016 11.2% $25,230,101 $4,177,600 $21,052,501 T12 8/31/2017 11.3% 95.0% $27,197,253 $7,037,633 $20,159,620 10.8% $1,734,210 $18,425,410 9.9%
2.01   Property Sandoz, Inc. $4,863,481 $1,251,394 $3,612,087 2015   $5,294,524 $1,234,874 $4,059,650 2016   $5,276,877 $1,180,078 $4,096,799 T12 8/31/2017   95.0% $5,243,297 $1,327,771 $3,915,526 10.8% $236,993 $3,678,534 9.9%
2.02   Property Intervet Inc. $3,676,128 $510,779 $3,165,349 2015   $4,044,307 $803,831 $3,240,476 2016   $4,027,821 $749,225 $3,278,596 T12 8/31/2017   95.0% $3,948,865 $797,157 $3,151,708 10.8% $209,479 $2,942,229 9.9%
2.03   Property GE Aviation Systems, LLC $2,566,189 $18,749 $2,547,440 2015   $2,564,556 $6,891 $2,557,665 2016   $2,659,086 $16,573 $2,642,513 T12 8/31/2017   95.0% $2,982,197 $502,479 $2,479,718 10.8% $291,547 $2,188,171 9.9%
2.04   Property FedEx Ground Package System, Inc. (NY) $2,023,729 $130,873 $1,892,856 2015   $2,422,619 $482,334 $1,940,285 2016   $2,422,051 $538,354 $1,883,697 T12 8/31/2017   95.0% $2,321,461 $598,293 $1,723,168 10.8% $86,161 $1,637,006 9.9%
2.05   Property Nissan North America Inc. $2,031,178 $382,470 $1,648,708 2015   $2,074,253 $603,059 $1,471,194 2016   $2,005,065 $418,744 $1,586,321 T12 8/31/2017   95.0% $1,969,748 $426,968 $1,542,780 10.8% $148,992 $1,393,788 9.9%
2.06   Property Constellium Automotive USA, LLC $1,954,520 $41,502 $1,913,018 2015   $2,097,319 $160,769 $1,936,550 2016   $2,037,773 $82,103 $1,955,670 T12 8/31/2017   95.0% $2,123,182 $277,924 $1,845,258 10.8% $123,724 $1,721,534 9.9%
2.07   Property C&J Energy Services, Inc. II $1,897,812 $66,293 $1,831,519 2015   $2,253,881 $105,594 $2,148,287 2016   $1,760,170 $132,631 $1,627,539 T12 8/31/2017   95.0% $2,166,460 $824,081 $1,342,379 10.8% $178,062 $1,164,316 9.9%
2.08   Property Lippert Components Manufacturing, Inc. $1,404,993 $696,436 $708,557 2015   $752,747 ($208,935) $961,682 2016   $1,755,527 $741,145 $1,014,382 T12 8/31/2017   95.0% $1,812,261 $888,545 $923,715 10.8% $149,810 $773,905 9.9%
2.09   Property FedEx Ground Package System, Inc. (WV) N/A N/A N/A N/A   N/A N/A N/A N/A   $421,693 $6,819 $414,874 T12 8/31/2017   95.0% $1,167,555 $280,387 $887,168 10.8% $48,775 $838,393 9.9%
2.10   Property C&J Energy Services, Inc. I $1,161,708 $6,890 $1,154,818 2015   $1,161,185 $8,213 $1,152,972 2016   $1,000,788 $3,255 $997,533 T12 8/31/2017   95.0% $1,304,867 $438,351 $866,515 10.8% $95,975 $770,541 9.9%
2.11   Property U.S. General Services Administration $1,352,996 $295,626 $1,057,370 2015   $1,352,856 $311,604 $1,041,252 2016   $1,350,846 $301,699 $1,049,147 T12 8/31/2017   95.0% $1,285,728 $309,379 $976,349 10.8% $56,292 $920,057 9.9%
2.12   Property PNC Bank N.A. $495,792 $3,334 $492,458 2015   $505,719 $4,766 $500,953 2016   $512,404 $6,974 $505,430 T12 8/31/2017   95.0% $871,633 $366,298 $505,336 10.8% $108,400 $396,936 9.9%
3   Loan Yorkshire & Lexington Towers $22,932,055 $12,878,848 $10,053,207 2015 5.0% $22,282,785 $12,726,214 $9,556,571 2016 4.8% $25,464,312 $13,142,223 $12,322,089 T12 6/30/2017 6.2% 86.9% $38,084,023 $14,135,899 $23,948,124 12.0% $183,139 $23,764,985 11.9%
3.01   Property Yorkshire Tower $18,642,769 $10,510,120 $8,132,649 2015   $18,331,288 $10,283,642 $8,047,646 2016   $21,564,780 $10,594,493 $10,970,286 T12 6/30/2017   88.1% $32,703,002 $11,369,959 $21,333,043 12.0% $145,916 $21,187,127 11.9%
3.02   Property Lexington Tower $4,289,286 $2,368,729 $1,920,558 2015   $3,951,498 $2,442,573 $1,508,925 2016   $3,899,533 $2,547,730 $1,351,803 T12 6/30/2017   80.1% $5,381,021 $2,765,940 $2,615,081 12.0% $37,223 $2,577,858 11.9%
4   Loan Westin Times Square Fee $3,628,624   $3,628,624 2015 6.4% $3,683,054   $3,683,054 2016 6.5% N/A N/A N/A N/A N/A 100.0% $3,794,375   $3,794,375 6.7%   $3,794,375 6.7%
5   Loan One California Plaza $29,023,974 $15,329,342 $13,694,632 2015 10.1% $30,660,584 $15,544,905 $15,115,679 2016 11.1% $31,388,426 $15,365,864 $16,022,562 T12 4/30/2017 11.8% 87.6% $42,571,241 $16,843,619 $25,727,622 18.9% $2,558,708 $23,168,914 17.0%
6   Loan Lehigh Valley Mall $36,151,146 $9,508,909 $26,642,237 2015 13.3% $36,598,789 $9,104,230 $27,494,559 2016 13.7% $35,447,338 $9,071,090 $26,376,248 T12 8/31/2017 13.2% 92.3% $33,855,086 $8,922,902 $24,932,184 12.5% $1,005,356 $23,926,828 12.0%
7 (27) Loan The Standard Highline NYC $99,180,856 $76,740,845 $22,440,011 2015 49.9% $97,899,967 $78,606,952 $19,293,015 2016 42.9% $92,588,606 $77,126,618 $15,461,988 T12 7/31/2017 34.4% 90.9% $92,588,606 $75,481,416 $17,107,190 38.0% $2,777,658 $14,329,532 31.8%
8   Loan Centre 425 Bellevue N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 97.0% $21,464,140 $6,198,423 $15,265,716 16.2% $35,691 $15,230,026 16.2%
9   Loan 379 West Broadway $4,966,607 $2,063,925 $2,902,682 2015 6.9% $5,598,770 $2,125,430 $3,473,340 2016 8.3% $5,682,731 $2,103,404 $3,579,327 T12 9/30/2017 8.5% 95.0% $5,518,187 $2,203,579 $3,314,609 7.9% $83,270 $3,231,338 7.7%
10 (27) Loan 600 Vine $9,889,108 $4,668,529 $5,220,578 2015 9.9% $9,965,544 $5,083,255 $4,882,289 2016 9.2% $10,402,040 $5,304,764 $5,097,276 T12 5/31/2017 9.7% 90.2% $10,786,828 $5,308,300 $5,478,528 10.4% $862,551 $4,615,977 8.7%
11   Loan 300 Montgomery $7,344,703 $3,242,074 $4,102,630 2015 6.2% $8,663,441 $3,352,316 $5,311,125 2016 8.0% $8,951,097 $3,490,075 $5,461,022 T12 6/30/2017 8.3% 88.1% $9,739,155 $3,391,504 $6,347,651 9.6% $238,792 $6,108,859 9.3%
12   Loan Garden Multifamily Portfolio $8,977,316 $3,830,576 $5,146,740 2015 9.0% $9,174,572 $3,854,858 $5,319,714 2016 9.3% $9,222,235 $3,926,339 $5,295,896 T12 7/31/2017 9.3% 94.4% $9,224,847 $3,922,703 $5,302,144 9.3% $357,600 $4,944,544 8.6%
12.01   Property Carleton $924,115 $414,443 $509,672 2015   $952,169 $405,761 $546,408 2016   $1,004,515 $414,237 $590,278 T12 7/31/2017   95.0% $1,025,821 $412,203 $613,618 9.3% $30,900 $582,718 8.6%
12.02   Property River Glen $809,085 $336,747 $472,338 2015   $860,423 $346,395 $514,028 2016   $867,803 $365,837 $501,966 T12 7/31/2017   98.5% $894,050 $358,872 $535,178 9.3% $33,900 $501,278 8.6%
12.03   Property Tabor Ridge $762,957 $308,225 $454,732 2015   $764,869 $322,951 $441,918 2016   $762,361 $336,935 $425,426 T12 7/31/2017   98.8% $779,851 $342,146 $437,705 9.3% $29,100 $408,605 8.6%
12.04   Property Ridgewood $672,216 $241,117 $431,099 2015   $690,398 $234,115 $456,283 2016   $706,103 $238,499 $467,604 T12 7/31/2017   97.4% $704,772 $239,217 $465,555 9.3% $29,400 $436,155 8.6%
12.05   Property Foxhaven $727,162 $290,750 $436,412 2015   $714,377 $298,545 $415,832 2016   $673,730 $314,692 $359,038 T12 7/31/2017   90.5% $666,634 $313,043 $353,591 9.3% $32,100 $321,491 8.6%
12.06   Property Hayfield $541,320 $284,441 $256,879 2015   $614,900 $251,860 $363,040 2016   $632,123 $241,962 $390,161 T12 7/31/2017   89.9% $611,804 $241,058 $370,746 9.3% $25,800 $344,946 8.6%
12.07   Property Laurel $551,300 $241,031 $310,269 2015   $556,979 $238,397 $318,582 2016   $571,792 $231,496 $340,296 T12 7/31/2017   96.0% $574,042 $228,714 $345,328 9.3% $20,400 $324,928 8.6%
12.08   Property Wood Trail $469,341 $168,658 $300,683 2015   $473,946 $170,816 $303,130 2016   $475,853 $148,927 $326,926 T12 7/31/2017   96.8% $486,873 $147,676 $339,197 9.3% $18,300 $320,897 8.6%
12.09   Property Camellia $675,351 $324,691 $350,660 2015   $659,966 $326,706 $333,260 2016   $634,149 $356,342 $277,807 T12 7/31/2017   90.3% $655,735 $362,019 $293,716 9.3% $31,200 $262,516 8.6%
12.10   Property Ashgrove $468,719 $202,770 $265,949 2015   $487,815 $205,715 $282,100 2016   $498,058 $202,617 $295,441 T12 7/31/2017   96.6% $502,091 $201,799 $300,292 9.3% $18,000 $282,292 8.6%
12.11   Property Slate Run $534,813 $263,083 $271,730 2015   $538,306 $271,239 $267,067 2016   $533,373 $281,042 $252,331 T12 7/31/2017   89.8% $481,920 $278,684 $203,236 9.3% $18,600 $184,636 8.6%
12.12   Property Forsythia $500,088 $213,273 $286,815 2015   $513,299 $231,053 $282,246 2016   $521,882 $242,782 $279,100 T12 7/31/2017   97.6% $520,227 $241,933 $278,294 9.3% $18,000 $260,294 8.6%
12.13   Property Beckford $452,756 $180,975 $271,781 2015   $450,136 $184,574 $265,562 2016   $444,674 $185,331 $259,343 T12 7/31/2017   90.4% $453,246 $194,487 $258,759 9.3% $18,000 $240,759 8.6%
12.14   Property Meadowood $475,954 $205,551 $270,403 2015   $474,832 $201,513 $273,319 2016   $469,351 $202,368 $266,983 T12 7/31/2017   87.7% $441,432 $198,648 $242,784 9.3% $19,500 $223,284 8.6%
12.15   Property Elmwood $412,139 $154,821 $257,318 2015   $422,157 $165,218 $256,939 2016   $426,468 $163,272 $263,196 T12 7/31/2017   98.2% $426,349 $162,200 $264,149 9.3% $14,400 $249,749 8.6%
13 (27) Loan 333 North Bedford $9,012,571 $2,382,282 $6,630,288 2015 11.4% $8,785,301 $2,433,511 $6,351,790 2016 10.9% $8,100,921 $2,090,907 $6,010,015 T12 6/30/2017 10.3% 89.8% $8,234,062 $2,469,285 $5,764,777 9.9% $342,695 $5,422,082 9.3%
14   Loan Miracle Mile $7,367,206 $1,942,807 $5,424,399 2015 9.7% $7,595,124 $1,995,448 $5,599,676 2016 10.0% $7,822,318 $1,990,140 $5,832,178 T12 7/31/2017 10.4% 95.0% $7,414,737 $1,987,287 $5,427,450 9.7% $358,433 $5,069,017 9.1%
15 (27) Loan Totowa Commerce Center $8,028,715 $2,930,236 $5,098,479 2015 9.9% $7,865,644 $2,738,702 $5,126,942 2016 9.9% $7,930,112 $2,750,739 $5,179,373 T12 6/30/2017 10.0% 87.1% $7,847,766 $2,812,466 $5,035,300 9.7% $338,626 $4,696,674 9.1%
15.01   Property 80-100 Commerce Way $796,786 $268,688 $528,098 2015   $800,246 $241,681 $558,565 2016   $834,772 $232,329 $602,443 T12 6/30/2017   100.0% $899,381 $241,667 $657,714 9.7% $31,214 $626,500 9.1%
15.02   Property 40 Commerce Way $788,384 $250,204 $538,180 2015   $781,678 $232,148 $549,530 2016   $855,817 $236,579 $619,238 T12 6/30/2017   100.0% $876,264 $236,892 $639,372 9.7% $33,543 $605,829 9.1%
15.03   Property 29 Commerce Way $796,526 $255,685 $540,841 2015   $872,723 $247,584 $625,139 2016   $874,858 $247,037 $627,821 T12 6/30/2017   100.0% $894,396 $258,142 $636,254 9.7% $33,640 $602,614 9.1%
15.04   Property One Center Court $759,436 $198,520 $560,916 2015   $814,671 $206,095 $608,576 2016   $787,174 $187,354 $599,820 T12 6/30/2017   100.0% $799,541 $196,225 $603,317 9.7% $25,902 $577,415 9.1%
15.05   Property 11 Commerce Way $800,587 $236,969 $563,618 2015   $774,926 $227,998 $546,928 2016   $807,291 $233,599 $573,692 T12 6/30/2017   100.0% $835,169 $233,933 $601,236 9.7% $31,157 $570,079 9.1%
15.06   Property 45 Commerce Way $781,821 $249,449 $532,372 2015   $745,156 $239,261 $505,895 2016   $800,587 $258,167 $542,420 T12 6/30/2017   100.0% $821,362 $259,905 $561,457 9.7% $34,220 $527,237 9.1%
15.07   Property 999 Riverview Drive $979,749 $585,810 $393,939 2015   $908,847 $536,468 $372,379 2016   $912,520 $533,299 $379,221 T12 6/30/2017   76.2% $925,579 $552,667 $372,912 9.7% $41,898 $331,014 9.1%
15.08   Property Two Center Court $551,157 $160,205 $390,952 2015   $541,808 $151,997 $389,811 2016   $553,568 $151,666 $401,902 T12 6/30/2017   100.0% $524,526 $157,916 $366,610 9.7% $20,196 $346,414 9.1%
15.09   Property 120-140 Commerce Way $607,646 $201,390 $406,256 2015   $587,323 $184,563 $402,760 2016   $563,632 $187,843 $375,789 T12 6/30/2017   83.0% $504,822 $189,605 $315,217 9.7% $23,605 $291,612 9.1%
15.10   Property 60 Commerce Way $498,433 $274,879 $223,554 2015   $349,874 $246,117 $103,757 2016   $246,462 $254,774 ($8,312) T12 6/30/2017   51.8% $402,303 $260,173 $142,130 9.7% $33,622 $108,508 9.1%
15.11   Property 20 Commerce Way $668,190 $248,437 $419,753 2015   $688,392 $224,790 $463,602 2016   $693,431 $228,092 $465,339 T12 6/30/2017   53.5% $364,424 $225,341 $139,082 9.7% $29,630 $109,452 9.1%
16   Loan Rockside Office Portfolio $4,736,323 $2,581,372 $2,154,951 2015 9.0% $4,611,773 $2,410,132 $2,201,641 2016 9.2% $4,986,059 $2,489,403 $2,496,656 T12 8/31/2017 10.4% 87.8% $6,227,672 $2,677,776 $3,549,896 14.8% $574,233 $2,975,663 12.4%
16.01   Property Freedom Square II $1,840,236 $841,988 $998,248 2015   $1,886,940 $818,067 $1,068,873 2016   $1,979,629 $784,153 $1,195,477 T12 8/31/2017   90.0% $2,140,167 $810,113 $1,330,055 14.8% $187,886 $1,142,169 12.4%
16.02   Property Freedom Square III $290,277 $445,708 ($155,431) 2015   $230,197 $389,879 ($159,682) 2016   $482,276 $503,700 ($21,424) T12 8/31/2017   90.0% $1,376,905 $642,484 $734,421 14.8% $120,486 $613,934 12.4%
16.03   Property Rock Run North $940,980 $474,571 $466,410 2015   $971,385 $440,518 $530,866 2016   $1,102,820 $453,414 $649,406 T12 8/31/2017   90.0% $1,091,031 $447,807 $643,224 14.8% $109,185 $534,039 12.4%
16.04   Property Rock Run Center $940,980 $474,571 $466,410 2015   $971,385 $440,518 $530,866 2016   $1,003,481 $436,804 $566,677 T12 8/31/2017   90.0% $1,091,031 $447,807 $643,224 14.8% $109,185 $534,039 12.4%
16.05   Property Freedom Square I $543,564 $341,945 $201,619 2015   $439,968 $318,873 $121,095 2016   $417,852 $311,331 $106,521 T12 8/31/2017   72.1% $502,064 $316,704 $185,360 14.8% $50,363 $134,997 12.4%
17   Loan The Boulders Resort & Spa $40,541,404 $32,440,289 $8,101,115 2015 11.1% $39,711,002 $30,943,308 $8,767,694 2016 12.0% $40,823,938 $31,434,940 $9,388,998 T12 6/30/2017 12.9% 73.8% $40,823,938 $31,183,660 $9,640,278 13.2% $1,632,958 $8,007,320 11.0%
18   Loan 701 East 22nd Street $3,176,096 $1,832,556 $1,343,540 2015 8.8% $3,426,778 $1,961,112 $1,465,666 2016 9.6% $3,818,119 $1,940,684 $1,877,435 T12 8/31/2017 12.4% 90.0% $3,745,578 $1,973,207 $1,772,371 11.7% $208,918 $1,563,453 10.3%
19   Loan 237 East Fordham Road $1,952,713 $760,588 $1,192,125 2015 7.9% $1,547,351 $790,033 $757,318 2016 5.0% $1,446,127 $787,470 $658,657 T12 5/31/2017 4.4% 95.0% $2,723,852 $785,921 $1,937,932 12.9% $30,000 $1,907,932 12.7%
20   Loan Wild Meadows $1,286,092 $208,513 $1,077,579 2015 7.4% $1,286,316 $213,150 $1,073,166 2016 7.4% $1,344,440 $286,723 $1,057,717 T12 9/30/2017 7.3% 95.0% $1,289,259 $252,871 $1,036,388 7.1% $11,150 $1,025,238 7.1%
21   Loan Mt. Washington Mill $2,618,404 $817,307 $1,801,097 2015 12.7% $2,709,187 $855,469 $1,853,718 2016 13.1% $2,755,948 $826,314 $1,929,634 T12 6/30/2017 13.6% 79.9% $2,720,097 $835,908 $1,884,189 13.3% $77,062 $1,807,127 12.8%
22   Loan Goldstar Industrial Portfolio $1,908,254 $620,585 $1,287,668 2015 11.1% $2,159,163 $578,448 $1,580,715 2016 13.6% $2,164,758 $539,642 $1,625,116 T12 7/31/2017 14.0% 94.4% $2,167,285 $622,120 $1,545,165 13.3% $170,327 $1,374,838 11.9%
22.01   Property 1361 Brass Mill Road $580,575 $157,543 $423,032 2015   $584,391 $126,220 $458,171 2016   $588,709 $134,435 $454,274 T12 7/31/2017   100.0% $579,919 $147,059 $432,860 13.3% $42,288 $390,572 11.9%
22.02   Property Harwood Business Center $477,668 $138,888 $338,780 2015   $516,924 $144,740 $372,184 2016   $481,977 $134,576 $347,401 T12 7/31/2017   90.4% $512,106 $153,278 $358,829 13.3% $36,885 $321,944 11.9%
22.03   Property 201 Gateway Drive $276,643 $112,893 $163,750 2015   $317,902 $92,611 $225,291 2016   $302,670 $89,559 $213,111 T12 7/31/2017   81.4% $268,798 $94,576 $174,222 13.3% $15,975 $158,246 11.9%
22.04   Property 2113 Columbia Park Road $260,493 $99,701 $160,792 2015   $263,700 $73,297 $190,403 2016   $319,715 $77,414 $242,300 T12 7/31/2017   95.1% $289,523 $79,431 $210,092 13.3% $23,493 $186,599 11.9%
22.05   Property 2111 Emmorton Park Road $215,384 $78,104 $137,280 2015   $261,246 $75,746 $185,500 2016   $252,924 $69,750 $183,174 T12 7/31/2017   100.0% $269,616 $75,866 $193,750 13.3% $23,493 $170,257 11.9%
22.06   Property 5495 Levering Avenue $97,491 $33,455 $64,036 2015   $215,000 $65,833 $149,167 2016   $218,763 $33,907 $184,855 T12 7/31/2017   100.0% $247,323 $71,911 $175,412 13.3% $28,192 $147,220 11.9%
23   Loan Meadows at June Road N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $532,913 $97,119 $435,794 2/2017-8/2017 Annualized 4.2% 95.0% $1,196,321 $338,481 $857,840 8.2% $19,750 $838,090 8.0%
24   Loan Lakefront I & II $2,607,098 $1,032,477 $1,574,621 2015 15.1% $2,764,458 $985,241 $1,779,217 2016 17.1% $2,807,216 $1,017,579 $1,789,637 T12 5/31/2017 17.2% 88.7% $2,866,557 $1,055,918 $1,810,639 17.4% $202,405 $1,608,234 15.4%
25   Loan Spurlock Apartments $1,396,123 $610,045 $786,078 2015 9.8% $1,445,148 $611,062 $834,085 2016 10.4% $1,451,944 $654,265 $797,679 T12 8/31/2017 10.0% 95.0% $1,483,309 $627,921 $855,389 10.7% $39,555 $815,834 10.2%
26   Loan SeaMist RV Park $1,093,465 $304,955 $788,510 2015 11.3% $1,094,527 $284,285 $810,242 2016 11.6% $1,162,129 $323,264 $838,865 T12 8/31/2017 12.0% 85.4% $1,162,129 $329,060 $833,069 11.9% $12,200 $820,869 11.7%
27   Loan Southern Woods $942,850 $458,494 $484,357 2015 7.2% $1,065,517 $536,005 $529,511 2016 7.9% $1,097,248 $551,738 $545,509 T12 9/30/2017 8.1% 92.5% $1,097,248 $503,281 $593,966 8.9% $26,000 $567,966 8.5%
28   Loan 332 East 6th Street N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A $136,948 $54,218 $82,731 T12 8/31/2017 1.3% 90.1% $580,604 $132,282 $448,322 7.1% $3,000 $445,322 7.1%
29   Loan Springtree Apartments N/A N/A N/A N/A N/A $1,168,654 $694,676 $473,978 2016 9.5% $1,205,624 $710,191 $495,433 T12 9/30/2017 9.9% 95.0% $1,251,602 $724,103 $527,499 10.5% $46,056 $481,443 9.6%
30   Loan 1442 Pennsylvania Avenue Southeast $34,933 $22,424 $12,510 2015 0.3% $159,719 $104,990 $54,729 2016 1.3% $170,466 $104,285 $66,181 T12 8/31/2017 1.5% 95.0% $531,701 $156,676 $375,025 8.7% $10,125 $364,900 8.5%
31   Loan Outback Steakhouse El Paso N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 95.0% $180,940 $16,138 $164,802 9.4% $2,295 $162,506 9.3%

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS            
                                                       
        LARGEST TENANT INFORMATION(18)(19)(20)         2ND LARGEST TENANT INFORMATION(18)(19)(20)         3RD LARGEST TENANT INFORMATION(18)(19)(20)         4TH LARGEST TENANT INFORMATION(18)(19)(20)     5TH LARGEST TENANT INFORMATION(18)(19)(20)      
Loan ID Footnotes Property
Flag
Deal Name Largest Tenant Largest
Tenant Lease
Expiration
Largest
Tenant NSF
Largest
Tenant
% of NSF
  2nd Largest Tenant 2nd Largest
Tenant Lease
Expiration
2nd Largest
Tenant NSF
2nd Largest
Tenant
% of NSF
  3rd Largest Tenant 3rd Largest
Tenant Lease
Expiration
3rd Largest
Tenant NSF
3rd Largest
Tenant
% of NSF
  4th Largest Tenant 4th Largest
Tenant Lease
Expiration
4th Largest
Tenant NSF
4th Largest
Tenant
% of NSF
  5th Largest Tenant 5th Largest
Tenant Lease
Expiration
5th Largest
Tenant NSF
5th Largest
Tenant
% of NSF
1   Loan Park Center Phase I State Farm 6/30/2037 569,778 96.4%   Del Frisco’s 5/31/2028 10,090 1.7%   Compass Food Court 12/31/2022 4,895 0.8%   NAP NAP NAP NAP   NAP NAP NAP NAP
2   Loan GNL Portfolio                                                
2.01   Property Sandoz, Inc. Sandoz, Inc. 7/31/2026 154,101 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.02   Property Intervet Inc. Intervet, Inc. 8/31/2025 146,366 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.03   Property GE Aviation Systems, LLC GE Aviation Systems LLC 12/31/2025 369,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.04   Property FedEx Ground Package System, Inc. (NY) FedEx Ground Package System, Inc. 7/31/2024 158,520 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.05   Property Nissan North America Inc. Nissan North America, Inc. 9/30/2028 462,155 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.06   Property Constellium Automotive USA, LLC Constellium Automotive USA, LLC 11/30/2029 320,680 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.07   Property C&J Energy Services, Inc. II C&J Energy Services, Inc. 10/31/2023 125,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.08   Property Lippert Components Manufacturing, Inc. Lippert Components Manufacturing. Inc. 8/31/2026 539,137 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.09   Property FedEx Ground Package System, Inc. (WV) FedEx Ground Package System, Inc. 10/31/2026 103,512 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.10   Property C&J Energy Services, Inc. I C&J Energy Services, Inc. 10/31/2023 96,149 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.11   Property U.S. General Services Administration U.S. General Services Administration 7/18/2025 33,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
2.12   Property PNC Bank N.A. PNC Bank, National Association 7/31/2029 113,053 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
3   Loan Yorkshire & Lexington Towers                                                
3.01   Property Yorkshire Tower NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
3.02   Property Lexington Tower NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4   Loan Westin Times Square Fee NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
5   Loan One California Plaza Skadden LLP 11/30/2021 144,736 13.8%   AECOM 2/29/2032 123,779 11.8%   Morgan Lewis Bockius LLP 12/31/2021 92,407 8.8%   Bank of the West 8/31/2020 89,568 8.6%   Dentons LLP 9/30/2022 62,690 6.0%
6   Loan Lehigh Valley Mall Bob’s Discount Furniture 3/31/2028 30,204 5.5%   Barnes & Noble 1/31/2023 29,874 5.5%   Modell’s Sporting Goods 1/31/2022 13,882 2.5%   Pottery Barn 1/31/2020 13,011 2.4%   New York & Company 3/31/2018 11,306 2.1%
7 (27) Loan The Standard Highline NYC NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
8   Loan Centre 425 Bellevue Amazon Corporate 9/30/2033 354,918 99.4%   Starbucks 6/30/2027 1,991 0.6%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
9   Loan 379 West Broadway WW 379 W Broadway LLC 3/31/2024 56,159 80.9%   Celine, Inc. 6/30/2024 6,902 9.9%   Ralph Lauren Retail, Inc. 1/31/2027 6,331 9.1%   NAP NAP NAP NAP   NAP NAP NAP NAP
10 (27) Loan 600 Vine FirstGroup America 3/17/2024 102,435 17.7%   Ulmer & Berne, LLP 2/28/2022 33,264 5.7%   Cole + Russell Architects 4/30/2019 29,577 5.1%   Rendigs, Fry, Kiely & Dennis 7/31/2027 25,897 4.5%   Bartlett & Co. 4/30/2019 21,113 3.6%
11   Loan 300 Montgomery Ripple Labs, Inc. 8/31/2019 14,749 7.7%   Consulate General of Brazil 5/31/2022 13,000 6.8%   ELS Educational Services, Inc. 6/30/2024 12,303 6.4%   Delagnes, Mitchell & Linder 8/31/2025 10,753 5.6%   Walgreens Co. 12/31/2021 9,441 4.9%
12   Loan Garden Multifamily Portfolio                                                
12.01   Property Carleton NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.02   Property River Glen NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.03   Property Tabor Ridge NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.04   Property Ridgewood NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.05   Property Foxhaven NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.06   Property Hayfield NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.07   Property Laurel NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.08   Property Wood Trail NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.09   Property Camellia NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.10   Property Ashgrove NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.11   Property Slate Run NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.12   Property Forsythia NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.13   Property Beckford NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.14   Property Meadowood NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
12.15   Property Elmwood NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
13 (27) Loan 333 North Bedford Grand Prix New York Racing, LLC 12/31/2024 117,942 19.3%   Safe Havens Partners, LLC 5/31/2022 90,031 14.7%   Safe Haven Auto Storage, LLC 6/30/2020 60,000 9.8%   Photo File, Inc. 3/31/2020 42,881 7.0%   Saw Mill Club East 12/31/2020 42,693 7.0%
14   Loan Miracle Mile Fitness International LLC 2/29/2024 45,000 15.1%   Marshalls 1/31/2022 31,753 10.6%   OfficeMax 1/31/2022 21,832 7.3%   PNC Bank 1/31/2024 20,126 6.7%   DSW Shoe Warehouse 6/1/2021 20,000 6.7%
15 (27) Loan Totowa Commerce Center                                                
15.01   Property 80-100 Commerce Way IDEXX Reference Labs 4/30/2025 13,681 28.9%   Sweet Peas Learning Center LLC 1/31/2021 8,984 19.0%   Research America Inc. 6/30/2018 8,327 17.6%   Golden Edibles, LLC 11/30/2021 8,327 17.6%   CCH Incorporated 12/31/2020 7,975 16.9%
15.02   Property 40 Commerce Way Thales Defense & Security 10/31/2018 18,276 36.0%   Patterson Dental Supply 11/30/2021 14,649 28.8%   Biologictx LLC 11/30/2023 14,398 28.3%   Viskal Printing LLC 2/29/2020 3,499 6.9%   NAP NAP NAP NAP
15.03   Property 29 Commerce Way Cervalis Holdings LLC 2/28/2020 28,130 55.2%   Westrock Converting Co. 5/31/2022 12,868 25.2%   Docutrend Inc. 6/30/2020 9,971 19.6%   NAP NAP NAP NAP   NAP NAP NAP NAP
15.04   Property One Center Court Universal Hospital Services 6/30/2021 21,245 54.1%   Westrock Converting Co. 2/29/2020 18,000 45.9%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
15.05   Property 11 Commerce Way Coram Alternate Site Services 6/30/2019 26,125 55.3%   Pratt Corrugated Holdings Inc 12/31/2019 10,450 22.1%   Viper Communications 2/28/2019 5,407 11.5%   Critical Point LLC 3/31/2021 5,225 11.1%   NAP NAP NAP NAP
15.06   Property 45 Commerce Way Canare Corp. of America 9/30/2021 16,331 31.5%   Terrasense 6/30/2020 13,860 26.7%   Dish Network Service LLC 9/30/2018 11,000 21.2%   Worldwide Corp. Housing 2/28/2018 8,158 15.7%   The Art of Natural Solutions 2/29/2020 2,500 4.8%
15.07   Property 999 Riverview Drive RGN-Totowa I LLC 9/30/2024 13,503 23.2%   Pratt Corrugated Holdings 12/31/2019 8,079 13.9%   Integrated Business Systems 10/31/2024 6,856 11.8%   Mid Atlantic Resource Group 11/30/2022 4,358 7.5%   Morris Merker & Co, LLC 11/30/2022 3,982 6.8%
15.08   Property Two Center Court Jack Henry & Associates 9/30/2019 20,278 66.3%   Electro Rent Corp. 1/31/2020 10,322 33.7%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
15.09   Property 120-140 Commerce Way My Day Home, LLC 12/31/2018 9,024 25.2%   Advanced Surveillance I 2/28/2022 4,979 13.9%   Alpha Testing Lab MTM 2,727 7.6%   Forefront Communications 8/31/2018 2,727 7.6%   CIOX Health LLC 12/31/2019 2,727 7.6%
15.10   Property 60 Commerce Way IBA Molecular N.A. 5/31/2022 8,534 16.8%   Gordon Desserts Inc 11/30/2027 7,600 14.9%   Maker Depot 3/31/2020 6,077 11.9%   NAP NAP NAP NAP   NAP NAP NAP NAP
15.11   Property 20 Commerce Way ADT LLC 8/31/2020 20,780 46.3%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
16   Loan Rockside Office Portfolio                                                
16.01   Property Freedom Square II Hylant Group 6/30/2023 24,714 21.5%   Accurate Group Holdings 5/31/2021 22,613 19.6%   Wells Fargo Bank 2/28/2019 12,593 10.9%   Xerox Corporation 6/30/2018 12,225 10.6%   Jonathan Rose Companies 11/30/2027 11,894 10.3%
16.02   Property Freedom Square III Sterling 11/15/2027 37,776 52.7%   Hurricane Labs 2/28/2022 10,701 14.9%   Area Temps, Inc. 5/31/2024 6,256 8.7%   Champion Personnel System 3/14/2022 5,376 7.5%   Freedom Mortgage Corp 4/30/2018 4,058 5.7%
16.03   Property Rock Run North Sedwick Claims Management 4/14/2023 56,406 89.1%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
16.04   Property Rock Run Center Acumen Solutions 2/28/2025 24,958 39.4%   Sedgwick Claims Management 8/31/2018 13,085 20.7%   Ohio KePro 7/31/2019 12,625 19.9%   Scott A Williams & Associates, L.P.A. 9/30/2020 3,742 5.9%   Paladina Health LLC 4/7/2023 1,918 3.0%
16.05   Property Freedom Square I Independence Bank 5/31/2021 8,687 21.1%   Liberty Home Mortgage 2/16/2022 6,077 14.7%   Kindred 8/31/2022 3,604 8.7%   Integrity Financial Services 4/30/2023 2,774 6.7%   Hantz Group 9/30/2018 2,771 6.7%
17   Loan The Boulders Resort & Spa NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
18   Loan 701 East 22nd Street Dental Network of America 9/30/2027 79,572 45.7%   Envoy LLC 8/31/2024 40,658 23.4%   Draper and Kramer Mortgage Corp 3/31/2024 17,819 10.2%   Fiserv Solutions, Inc. 3/31/2019 16,086 9.2%   School Specialty, Inc 8/31/2020 4,235 2.4%
19   Loan 237 East Fordham Road Dr. Jays 6/30/2027 10,500 43.8%   Footlocker 8/31/2032 10,000 41.7%   Chase 6/30/2022 3,500 14.6%   NAP NAP NAP NAP   NAP NAP NAP NAP
20   Loan Wild Meadows NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
21   Loan Mt. Washington Mill Whole Foods Market 4/30/2021 24,500 33.4%   Dye House & Stone Mill Catering NAP 6,150 8.4%   Himmelrich Associates, Inc. 8/31/2029 4,000 5.5%   PNC Bank 1/31/2022 3,150 4.3%   Dogma For Pets 11/30/2019 2,820 3.8%
22   Loan Goldstar Industrial Portfolio                                                
22.01   Property 1361 Brass Mill Road Hartford Systems, Inc. 12/31/2020 21,600 40.0%   Avon Protection System, Inc. 5/31/2019 16,200 30.0%   Active Day MD, Inc. 3/31/2020 10,800 20.0%   MedMark Treatment Centers 10/31/2022 5,400 10.0%   NAP NAP NAP NAP
22.02   Property Harwood Business Center TS Automotive 11/30/2021 6,600 14.0%   Foreign Auto Experts, Inc. 3/31/2022 6,220 13.2%   Metro Motor Works 10/31/2018 3,000 6.4%   Image Automotive 1/31/2019 3,000 6.4%   Oasis, Inc. 3/31/2021 3,000 6.4%
22.03   Property 201 Gateway Drive Mid Atlantic Team Sports, Inc. 7/31/2018 4,000 19.6%   Beauty Systems Group, LLC 8/31/2020 3,150 15.4%   ALKO Distributors, Inc. 7/31/2018 3,150 15.4%   D.F. Peterson Enterprises, Inc 7/31/2019 2,000 9.8%   Superior Foods 5/31/2020 2,000 9.8%
22.04   Property 2113 Columbia Park Road Gennady Soykher 5/31/2018 9,000 30.0%   Amy & Patrick Ferrigno 4/30/2021 6,000 20.0%   Levero Enterprises 9/30/2021 3,000 10.0%   A Crystal Vending 6/30/2018 3,000 10.0%   Albert Stoltz, Jr. 1/31/2019 3,000 10.0%
22.05   Property 2111 Emmorton Park Road Advanced Granite Solutions 6/30/2022 18,000 60.0%   Cignatta Inc. 3/31/2024 6,000 20.0%   Commercial Support Services 4/30/2024 6,000 20.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
22.06   Property 5495 Levering Avenue David H. Elliot Company, Inc. 12/31/2025 36,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
23   Loan Meadows at June Road NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
24   Loan Lakefront I & II Advanced Care Scripts, Inc. 12/31/2023 61,281 31.8%   Florida Agency for Workforce Innovation 1/31/2021 46,886 24.3%   HCA-Information Technology & Services, Inc. 4/30/2018 19,078 9.9%   Inktel Contact Center Solutions, LLC 12/31/2020 15,611 8.1%   Regions Bank 8/31/2021 10,997 5.7%
25   Loan Spurlock Apartments NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
26   Loan SeaMist RV Park NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
27   Loan Southern Woods NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
28   Loan 332 East 6th Street NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
29   Loan Springtree Apartments NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
30   Loan 1442 Pennsylvania Avenue Southeast United States of America - GS00166 9/11/2027 6,685 60.2%   McCormick Paint Works Co. 9/30/2020 2,870 25.9%   New York Pizza & Grill Kabob 7/31/2027 1,541 13.9%   Verizon Wireless 6/30/2021 1 0.0%   NAP NAP NAP NAP
31   Loan Outback Steakhouse El Paso Outback Steakhouse 2/28/2037 6,204 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                 
        MORTGAGE LOAN RESERVE INFORMATION(21)(23)      
Loan ID Footnotes Property
Flag
Deal Name Upfront
Replacement
Reserves (22)
Monthly
Replacement
Reserves
Replacement
Reserve Cap
Upfront TI/LC
 Reserves (22)
Monthly TI/LC
Reserves
1   Loan Park Center Phase I $0 Springing NAP $3,090,000 Springing
2   Loan GNL Portfolio $0 Springing NAP $0 Springing
2.01   Property Sandoz, Inc.          
2.02   Property Intervet Inc.          
2.03   Property GE Aviation Systems, LLC          
2.04   Property FedEx Ground Package System, Inc. (NY)          
2.05   Property Nissan North America Inc.          
2.06   Property Constellium Automotive USA, LLC          
2.07   Property C&J Energy Services, Inc. II          
2.08   Property Lippert Components Manufacturing, Inc.          
2.09   Property FedEx Ground Package System, Inc. (WV)          
2.10   Property C&J Energy Services, Inc. I          
2.11   Property U.S. General Services Administration          
2.12   Property PNC Bank N.A.          
3   Loan Yorkshire & Lexington Towers $0 Monthly: $0.15 PSF of retail and garage space except the CVS Space as long as the CVS Deposit Waiver Conditions are met; $250 per each free market residential apartment unit Residential: An amount, reasonably calculated by Lender in good faith on a quarterly basis, equal to the product of (x) $750 and (y) the number of free market residential apartment units located at the Properties at the time of calculation $0 Monthly: $1.00 PSF of retail, except with regard to the CVS Space so long as the CVS Deposit Waiver Conditions are met.  
3.01   Property Yorkshire Tower          
3.02   Property Lexington Tower          
4   Loan Westin Times Square Fee $0 Springing NAP $0 $0
5   Loan One California Plaza $0 Springing $628,237 $0 Springing
6   Loan Lehigh Valley Mall $0 Springing $327,140 $0 $81,785
7 (27) Loan The Standard Highline NYC $0 Springing NAP $0 $0
8   Loan Centre 425 Bellevue $0 Springing NAP $1,871,090 $0
9   Loan 379 West Broadway $0 Springing NAP $0 Springing
10 (27) Loan 600 Vine $0 $11,578 NAP $4,500,000 Springing
11   Loan 300 Montgomery $0 Springing NAP $1,420,026 Springing
12   Loan Garden Multifamily Portfolio $0 $29,800 NAP $0 $0
12.01   Property Carleton          
12.02   Property River Glen          
12.03   Property Tabor Ridge          
12.04   Property Ridgewood          
12.05   Property Foxhaven          
12.06   Property Hayfield          
12.07   Property Laurel          
12.08   Property Wood Trail          
12.09   Property Camellia          
12.10   Property Ashgrove          
12.11   Property Slate Run          
12.12   Property Forsythia          
12.13   Property Beckford          
12.14   Property Meadowood          
12.15   Property Elmwood          
13 (27) Loan 333 North Bedford $0 $5,100 NAP $1,500,000 Springing
14   Loan Miracle Mile $0 $4,978 $179,216 $0 $24,891
15 (27) Loan Totowa Commerce Center $0 $7,061 Maximum aggregate balance in the TI/LC and Capex reserve will be $500,000 $0 $21,157
15.01   Property 80-100 Commerce Way          
15.02   Property 40 Commerce Way          
15.03   Property 29 Commerce Way          
15.04   Property One Center Court          
15.05   Property 11 Commerce Way          
15.06   Property 45 Commerce Way          
15.07   Property 999 Riverview Drive          
15.08   Property Two Center Court          
15.09   Property 120-140 Commerce Way          
15.10   Property 60 Commerce Way          
15.11   Property 20 Commerce Way          
16   Loan Rockside Office Portfolio $0 $5,912 $200,000 $0 Springing
16.01   Property Freedom Square II          
16.02   Property Freedom Square III          
16.03   Property Rock Run North          
16.04   Property Rock Run Center          
16.05   Property Freedom Square I          
17   Loan The Boulders Resort & Spa $136,080 greater of (i) 1/12 of 4% of gross income from operation from T12 period and (ii) the amount to be reserved pursuant to the terms of the franchise agreement NAP $0 $0
18   Loan 701 East 22nd Street $0 $2,902 NAP $450,000 Springing
19   Loan 237 East Fordham Road $0 $400 $24,000 $39,943 Springing
20   Loan Wild Meadows $0 $929 NAP $0 $0
21   Loan Mt. Washington Mill $0 $1,223 NAP $0 $5,199
22   Loan Goldstar Industrial Portfolio $5,075 $5,075 $182,700 $0 $9,063
22.01   Property 1361 Brass Mill Road          
22.02   Property Harwood Business Center          
22.03   Property 201 Gateway Drive          
22.04   Property 2113 Columbia Park Road          
22.05   Property 2111 Emmorton Park Road          
22.06   Property 5495 Levering Avenue          
23   Loan Meadows at June Road $0 $1,646 NAP $0 $0
24   Loan Lakefront I & II $4,659 $4,659 $100,000 $12,048 $12,048
25   Loan Spurlock Apartments $0 $3,296 NAP $0 $0
26   Loan SeaMist RV Park $0 $1,017 NAP $0 $0
27   Loan Southern Woods $450,000 Springing $100,000 $0 $0
28   Loan 332 East 6th Street $0 $250 $9,000 $0 $0
29   Loan Springtree Apartments $0 $3,838 NAP $0 $0
30   Loan 1442 Pennsylvania Avenue Southeast $0 $141 NAP $0 $703
31   Loan Outback Steakhouse El Paso $0 $2,295 $4,591 $0 $0

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
                               
        MORTGAGE LOAN RESERVE INFORMATION(21)(23)                      
Loan ID Footnotes Property
Flag
Deal Name TI/LC
Reserve Cap
Upfront Tax
 Reserves (22)
Monthly Tax
 Reserves
Upfront
Insurance Reserves (22)
Monthly
Insurance
Reserves
Upfront
Deferred Maint.
Reserve (22)
Upfront Debt Service Reserves(22) Monthly Debt Service Reserves Upfront Environmental Reserves(22) Initial Other
Reserves(22)
Initial Other Reserves Description Ongoing Other
Reserves
1   Loan Park Center Phase I NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0
2   Loan GNL Portfolio NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0
2.01   Property Sandoz, Inc.                        
2.02   Property Intervet Inc.                        
2.03   Property GE Aviation Systems, LLC                        
2.04   Property FedEx Ground Package System, Inc. (NY)                        
2.05   Property Nissan North America Inc.                        
2.06   Property Constellium Automotive USA, LLC                        
2.07   Property C&J Energy Services, Inc. II                        
2.08   Property Lippert Components Manufacturing, Inc.                        
2.09   Property FedEx Ground Package System, Inc. (WV)                        
2.10   Property C&J Energy Services, Inc. I                        
2.11   Property U.S. General Services Administration                        
2.12   Property PNC Bank N.A.                        
3   Loan Yorkshire & Lexington Towers NAP $2,724,408 $681,102 $89,787 $29,929 $0 $2,000,000 $0 $0 $3,500,000 Renovation/Tenant Buyout Reserve Springing
3.01   Property Yorkshire Tower                        
3.02   Property Lexington Tower                        
4   Loan Westin Times Square Fee NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0
5   Loan One California Plaza $3,141,186 $0 Springing $0 Springing $0 $0 $0 $0 $3,219,209 Unfunded Obligations Reserve $0
6   Loan Lehigh Valley Mall $2,994,258 $0 Springing $0 Springing $0 $0 $0 $0 $651,553 Outstanding TI/LC Reserve ($443,000); Tenant Rent Holdback Reserve ($208,533) $0
7 (27) Loan The Standard Highline NYC NAP $3,361,606 Springing $206,890 Springing $4,350 $0 $0 $0 $3,061,411 Façade Remediation Reserve ($2,080,425); Seasonal Reserve ($980,986) Seasonality Reserve: (Springing); Engineering Reserve: (Springing); Façade Remediation Reserve: (Springing)
8   Loan Centre 425 Bellevue NAP $149,734 $149,734 $102,289 $17,204 $0 $0 $0 $0 $15,923,817 Free Rent ($10,923,817); Seller Credit ($5,000,000) Condominium Assessments; Primary Tenant Reserve (Springing)
9   Loan 379 West Broadway NAP $0 Springing $0 Springing $0 $0 $0 $0 $316,156 Open Violations Reserve ($300,000); Unfunded Obligations Reserve ($16,156) $0
10 (27) Loan 600 Vine $3,000,000 $456,181 $152,060 $23,308 $5,827 $1,802,722 $0 $0 $0 $361,937 Initial TI/LC Reserve ($324,855); Free Rent Reserve ($37,082) Springing
11   Loan 300 Montgomery NAP $76,794 Springing $59,011 Springing $0 $0 $0 $0 $0 NAP $0
12   Loan Garden Multifamily Portfolio NAP $263,448 $75,271 $210,417 $21,042 $987,776 $0 $0 $78,375 $0 NAP $0
12.01   Property Carleton                        
12.02   Property River Glen                        
12.03   Property Tabor Ridge                        
12.04   Property Ridgewood                        
12.05   Property Foxhaven                        
12.06   Property Hayfield                        
12.07   Property Laurel                        
12.08   Property Wood Trail                        
12.09   Property Camellia                        
12.10   Property Ashgrove                        
12.11   Property Slate Run                        
12.12   Property Forsythia                        
12.13   Property Beckford                        
12.14   Property Meadowood                        
12.15   Property Elmwood                        
13 (27) Loan 333 North Bedford $1,500,000 $15,703 $120,633 $127,612 $10,634 $860,966 $0 $0 $0 $0 NAP Springing
14   Loan Miracle Mile $896,082 $219,223 $109,612 $34,928 $4,990 $30,250 $0 $0 $0 $0 NAP Springing
15 (27) Loan Totowa Commerce Center Maximum aggregate balance in the TI/LC and Capex reserve will be $500,000 $0 $117,676 $13,553 $13,553 $15,438 $0 $0 $0 $785,900 Outstanding TI/LC Reserve ($702,638); Free Rent Reserve ($83,262) Springing
15.01   Property 80-100 Commerce Way                        
15.02   Property 40 Commerce Way                        
15.03   Property 29 Commerce Way                        
15.04   Property One Center Court                        
15.05   Property 11 Commerce Way                        
15.06   Property 45 Commerce Way                        
15.07   Property 999 Riverview Drive                        
15.08   Property Two Center Court                        
15.09   Property 120-140 Commerce Way                        
15.10   Property 60 Commerce Way                        
15.11   Property 20 Commerce Way                        
16   Loan Rockside Office Portfolio NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0
16.01   Property Freedom Square II                        
16.02   Property Freedom Square III                        
16.03   Property Rock Run North                        
16.04   Property Rock Run Center                        
16.05   Property Freedom Square I                        
17   Loan The Boulders Resort & Spa NAP $73,769 $59,673 $167,878 $18,780 $0 $0 $0 $0 $300,000 Seasonality Reserve Springing
18   Loan 701 East 22nd Street $450,000 $71,539 $35,769 $0 Springing $132,240 $0 $0 $0 $1,819,353 Short Term Repairs ($216,000); Outstanding Free Rent ($550,339); Outstanding TI/LC ($1,053,014) Springing
19   Loan 237 East Fordham Road NAP $0 $53,265 $32,898 $3,290 $24,438 $0 $0 $0 $912,190 Footlocker Concession Reserve ($200,000); Free Rent Reserve ($712,190) Springing
20   Loan Wild Meadows NAP $9,412 $3,137 $23,104 $1,913 $0 $0 $0 $0 $0 NAP $0
21   Loan Mt. Washington Mill $245,000 $45,724 $15,241 $42,155 $6,022 $41,844 $0 $0 $0 $100,000 Additional Executive Suites Buildout Reserve Springing
22   Loan Goldstar Industrial Portfolio $326,250 $36,582 $18,291 $19,925 $3,321 $80,606 $0 $0 $0 $0 NAP $0
22.01   Property 1361 Brass Mill Road                        
22.02   Property Harwood Business Center                        
22.03   Property 201 Gateway Drive                        
22.04   Property 2113 Columbia Park Road                        
22.05   Property 2111 Emmorton Park Road                        
22.06   Property 5495 Levering Avenue                        
23   Loan Meadows at June Road NAP $25,984 $8,661 $7,768 $777 $0 $0 $0 $0 $15,000 Phase II Parcel Tax Reserve Springing
24   Loan Lakefront I & II $450,000 $183,555 $20,395 $34,042 $4,255 $6,875 $0 $0 $0 $1,017,810 Construction Allowance Reserve ($612,810); Proposed Acquisition Reserve ($405,000) Springing
25   Loan Spurlock Apartments NAP $0 $10,234 $17,583 $3,517 $27,063 $0 $0 $0 $0 NAP $0
26   Loan SeaMist RV Park NAP $0 $1,912 $11,229 $3,523 $18,013 $0 $0 $0 $0 NAP $0
27   Loan Southern Woods NAP $17,401 $8,700 $14,704 $2,101 $0 $0 $0 $0 $0 NAP $0
28   Loan 332 East 6th Street NAP $29,929 $5,986 $5,896 $983 $0 $0 $0 $0 $0 NAP $0
29   Loan Springtree Apartments NAP $103,000 $10,300 $31,697 $3,962 $8,313 $0 $0 $0 $0 NAP $0
30   Loan 1442 Pennsylvania Avenue Southeast NAP $17,176 $8,588 $730 Springing $1,875 $0 $0 $0 $17,085 Broker Payment Reserve Springing
31   Loan Outback Steakhouse El Paso NAP $31,395 Springing $982 $982 $0 $0 $0 $0 $0 NAP Springing

 

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS              
                     
        MORTGAGE LOAN RESERVE INFORMATION(21)(23)            
Loan ID Footnotes Property
Flag
Deal Name Ongoing Other Reserves Description Other Reserves Cap Holdback(24) Holdback Amount(24) Holdback Description(24) Letter of Credit Letter of Credit Description
1   Loan Park Center Phase I NAP NAP No NAP NAP No NAP
2   Loan GNL Portfolio NAP NAP No NAP NAP No NAP
2.01   Property Sandoz, Inc.              
2.02   Property Intervet Inc.              
2.03   Property GE Aviation Systems, LLC              
2.04   Property FedEx Ground Package System, Inc. (NY)              
2.05   Property Nissan North America Inc.              
2.06   Property Constellium Automotive USA, LLC              
2.07   Property C&J Energy Services, Inc. II              
2.08   Property Lippert Components Manufacturing, Inc.              
2.09   Property FedEx Ground Package System, Inc. (WV)              
2.10   Property C&J Energy Services, Inc. I              
2.11   Property U.S. General Services Administration              
2.12   Property PNC Bank N.A.              
3   Loan Yorkshire & Lexington Towers Renovation/Tenant Buyout Reserve: If the amount of funds on deposit in the Renovation/Tenant Buyout Reserve Account is reduced to less than $500,000.00, then Borrower shall deposit with Lender such additional amount as necessary to cause the amount of funds on deposit in the Renovation/Tenant Buyout Reserve Account to equal no less than $1,000,000. NAP Yes $4,102,064 Holdback Reserve No NAP
3.01   Property Yorkshire Tower              
3.02   Property Lexington Tower              
4   Loan Westin Times Square Fee NAP NAP No NAP NAP No NAP
5   Loan One California Plaza NAP NAP No NAP NAP No NAP
6   Loan Lehigh Valley Mall NAP NAP No NAP NAP No NAP
7 (27) Loan The Standard Highline NYC Seasonal Reserve ($980,986 on December 5, 2017. On each payment occurring in each of the months of May through January inclusive, monthly 1/9th of the amount by which (i) the total amount of all debt service, reserves and all other amounts due and payable to lender under the loan documents on the payment dates in the prior February, March and April months, exceeded
(ii) the total amount of the rents deposited for such payment dates in the prior February, March and April months, if DSCR is less than 1.70x on any April payment date; if DSCR is above 1.70x a one time December payment is  required); Engineering Reserve (Monthly: $483 on payment date December 5, 2017, January 5, 2018, May 5, 2018; Monthly: $242 on payment date June 5, 2018,
July 5, 2018, August 5, 2018, September 5, 2018, October 5, 2018, November 5, 2018); Façade Remediation Reserve (Monthly: $231,158 on payment date December 5, 2017, January 5, 2018, May 5, 2018; Monthly: $115,579 on payment date June 5, 2018, July 5, 2018, August 5, 2018, September 5, 2018, October 5, 2018, November 5, 2018; provided, however, if available cash on
any payment date is insufficient to make the full monthly payment into the Façade Remediation Reserve , any shortfall will be added to the monthly amount to be collected on the subsequent payment date. Upon approval of the façade report by lender, lender shall adjust (up or down) the monthly payment deposit required above to reflect a new monthly deposit amount
such that 110% of the budgeted amount set forth in the façade report will be deposited in the normal course by the December 2018 payment date)
NAP No NAP NAP No NAP
8   Loan Centre 425 Bellevue Condominium Assessments (Monthly: 1/12th of the assessment that lender estimated will be payable during next 12 months in order to accumulate with lender sufficient funds to pay all such assessments prior to their respective due dates); Primary Tenant Reserve (Monthly: During the continuance of a Primary tenant Sweep Period all excess cash flow is required to be deposited in the account) NAP No NAP NAP No NAP
9   Loan 379 West Broadway NAP NAP No NAP NAP No NAP
10 (27) Loan 600 Vine Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. NAP No NAP NAP No NAP
11   Loan 300 Montgomery NAP NAP No NAP NAP No NAP
12   Loan Garden Multifamily Portfolio NAP NAP No NAP NAP No NAP
12.01   Property Carleton              
12.02   Property River Glen              
12.03   Property Tabor Ridge              
12.04   Property Ridgewood              
12.05   Property Foxhaven              
12.06   Property Hayfield              
12.07   Property Laurel              
12.08   Property Wood Trail              
12.09   Property Camellia              
12.10   Property Ashgrove              
12.11   Property Slate Run              
12.12   Property Forsythia              
12.13   Property Beckford              
12.14   Property Meadowood              
12.15   Property Elmwood              
13 (27) Loan 333 North Bedford Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. NAP No NAP NAP No NAP
14   Loan Miracle Mile Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. $3,000,000 No NAP NAP No NAP
15 (27) Loan Totowa Commerce Center Atlantic Inertial Reserve: During an Atlantic Inertial Sweep period all excess cash flow is required to be deposited.   NAP No NAP NAP No NAP
15.01   Property 80-100 Commerce Way              
15.02   Property 40 Commerce Way              
15.03   Property 29 Commerce Way              
15.04   Property One Center Court              
15.05   Property 11 Commerce Way              
15.06   Property 45 Commerce Way              
15.07   Property 999 Riverview Drive              
15.08   Property Two Center Court              
15.09   Property 120-140 Commerce Way              
15.10   Property 60 Commerce Way              
15.11   Property 20 Commerce Way              
16   Loan Rockside Office Portfolio NAP NAP No NAP NAP No NAP
16.01   Property Freedom Square II              
16.02   Property Freedom Square III              
16.03   Property Rock Run North              
16.04   Property Rock Run Center              
16.05   Property Freedom Square I              
17   Loan The Boulders Resort & Spa Seasonality Reserve: Commencing on the Payment Date occurring in February, 2018 and on each Payment Date thereafter which occurs during a Seasonality Trigger Period (the period commencing with the Payment Date occurring in February of each calendar year),
all Excess Cash Flow, to be used for anticipated payments of shortfalls in Debt Service and other amounts due to Lender under the Loan Documents.
An amount equal to the product of (a) the sum of the absolute value of each monthly shortfall in Net Cash Flow, less Debt Service due for each such calendar month over the trailing twelve (12) month period, to be calculated by Lender in its reasonable discretion as of the end of each calendar year and (b) one hundred and five percent (105%). No NAP NAP No NAP
18   Loan 701 East 22nd Street Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. NAP No NAP NAP No NAP
19   Loan 237 East Fordham Road Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. NAP No NAP NAP No NAP
20   Loan Wild Meadows NAP NAP No NAP NAP No NAP
21   Loan Mt. Washington Mill Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period.;
Ground Rent Reserve: During any cash sweep period, Borrower is require to pay 1/4th of the total rents and other charges due under the ground lease that Lender estimates will be payable for the next 12 months.
NAP No NAP NAP No NAP
22   Loan Goldstar Industrial Portfolio NAP NAP No NAP NAP No NAP
22.01   Property 1361 Brass Mill Road              
22.02   Property Harwood Business Center              
22.03   Property 201 Gateway Drive              
22.04   Property 2113 Columbia Park Road              
22.05   Property 2111 Emmorton Park Road              
22.06   Property 5495 Levering Avenue              
23   Loan Meadows at June Road Condominium Association Reserve: On each monthly payment date during a Condominium Account Deposit Period, 1/12th of an amount of the assessments payable is required to be deposited. NAP No NAP NAP No NAP
24   Loan Lakefront I & II Lease Sweep Reserve: Monthly deposit of excess cash flow upon the occurrence and continuance of a cash sweep period that exists solely due to the continuance of a specified tenant sweep period. $700,000 No NAP NAP No NAP
25   Loan Spurlock Apartments NAP NAP No NAP NAP No NAP
26   Loan SeaMist RV Park NAP NAP No NAP NAP No NAP
27   Loan Southern Woods NAP NAP No NAP NAP No NAP
28   Loan 332 East 6th Street NAP NAP No NAP NAP No NAP
29   Loan Springtree Apartments NAP NAP No NAP NAP No NAP
30   Loan 1442 Pennsylvania Avenue Southeast Tenant Cash Trap Reserve: During A Tenant Cash Trap Period all excess cash flow is required to be deposited. NAP No NAP NAP No NAP
31   Loan Outback Steakhouse El Paso Primary Tenant Reserve: During A Primary Tenant Sweep Period all excess cash flow is required to be deposited. NAP No NAP NAP No NAP

 

 

 

APPENDIX I - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                                    
                                                 
        THIRD PARTY REPORTS             ADDITIONAL PERMITTED DEBT(26)   TOTAL MORTGAGE DEBT INFORMATION           TOTAL DEBT INFORMATION    
Loan ID Footnotes Property
Flag
Deal Name Appraisal
Report Date
Environmental
Phase I
Report Date
Phase II Performed(25) Engineering
Report Date
Seismic
Zone
(Y/N)
Seismic
Report Date
PML %   Additional Future Debt Permitted Additional Future Debt Permitted Description   Cut-off Date
Pari Passu Mortgage
Debt Balance
Cut-off Date
Subord. Mortgage
Debt Balance
Total Mortgage
Debt Cut-off
Date LTV Ratio
Total Mortgage
Debt UW
NCF DSCR
Total Mortgage
Debt UW NOI
Debt Yield
  Cut-off Date
Mezzanine
Debt Balance
Total Debt
Cut-off Date
LTV Ratio
Total
Debt UW
NCF DSCR
Total Debt
UW NOI
Debt Yield
1   Loan Park Center Phase I 6/26/2017 7/21/2017 No 6/1/2017 N NAP NAP   No NAP   $158,000,000   51.4% 3.17x 10.8%     51.4% 3.17x 10.8%
2   Loan GNL Portfolio Various Various No Various N NAP NAP   No NAP   $187,000,000   57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.01   Property Sandoz, Inc. 8/31/2017 8/10/2017 No 8/11/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.02   Property Intervet Inc. 8/24/2017 8/11/2017 No 8/16/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.03   Property GE Aviation Systems, LLC 8/24/2017 8/10/2017 No 8/11/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.04   Property FedEx Ground Package System, Inc. (NY) 8/22/2017 8/10/2017 No 8/10/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.05   Property Nissan North America Inc. 9/6/2017 8/11/2017 No 8/11/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.06   Property Constellium Automotive USA, LLC 8/25/2017 8/10/2017 No 8/10/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.07   Property C&J Energy Services, Inc. II 9/18/2017 8/8/2017 No 8/8/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.08   Property Lippert Components Manufacturing, Inc. 8/31/2017 8/10/2017 No 8/11/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.09   Property FedEx Ground Package System, Inc. (WV) 9/6/2017 8/10/2017 No 8/9/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.10   Property C&J Energy Services, Inc. I 9/18/2017 9/27/2017 No 9/28/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.11   Property U.S. General Services Administration 8/23/2017 8/11/2017 No 8/10/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
2.12   Property PNC Bank N.A. 8/22/2017 8/10/2017 No 8/10/2017 N NAP NAP             57.9% 2.22x 10.8%     57.9% 2.22x 10.8%
3   Loan Yorkshire & Lexington Towers 8/15/2017 8/21/2017 No 8/21/2017 N NAP NAP   No NAP   $200,000,000 $200,000,000 61.8% 1.04x 4.4%   $150,000,000 61.8% 1.04x 4.4%
3.01   Property Yorkshire Tower 8/15/2017 8/21/2017 No 8/21/2017 N NAP NAP             61.8% 1.04x 4.4%     61.8% 1.04x 4.4%
3.02   Property Lexington Tower 8/15/2017 8/21/2017 No 8/21/2017 N NAP NAP             61.8% 1.04x 4.4%     61.8% 1.04x 4.4%
4   Loan Westin Times Square Fee 9/7/2017 9/21/2017 No 9/20/2017 N NAP NAP   No NAP   NAP   45.2% 1.87x 6.7%     45.2% 1.87x 6.7%
5   Loan One California Plaza 9/7/2017 3/16/2017 No 10/12/2017 Y 3/13/2017 10.5%   No NAP   $136,000,000 $164,000,000 65.4% 2.00x 8.6%     65.4% 2.00x 8.6%
6   Loan Lehigh Valley Mall 9/4/2017 9/13/2017 No 9/12/2017 N NAP NAP   Yes Subject to Lender’s approval, Borrower shall be permitted to enter into a PACE Loan for an amount not to exceed $5,000,000   $200,000,000   44.9% 2.07x 12.5%     44.9% 2.07x 12.5%
7 (27) Loan The Standard Highline NYC 9/7/2017 9/12/2017 No 9/12/2017 N NAP NAP   Yes Future Mezzanine (i) no event of default; (ii) maximum combined LTV of 75.0%; (iii) minimum combined Debt Service Coverage Ratio of 1.50x; (iv) Intercreditor Agreement required; and (v) Rating Agency confirmation   NAP $125,000,000 50.0% 1.76x 10.1%     50.0% 1.76x 10.1%
8   Loan Centre 425 Bellevue 10/1/2017 9/19/2017 No 9/19/2017 Y 9/19/2017 6.0%   No NAP   $94,000,000 $114,450,000 84.2% 1.15x 5.7%   $57,600,000 84.2% 1.15x 5.7%
9   Loan 379 West Broadway 6/1/2017 7/12/2017 No 7/11/2017 N NAP NAP   No NAP   NAP   52.5% 1.60x 7.9%     52.5% 1.60x 7.9%
10 (27) Loan 600 Vine 8/1/2017 7/31/2017 No 7/31/2017 N NAP NAP   No NAP   $52,797,856   82.7% 1.19x 9.3%   $5,899,760 82.7% 1.19x 9.3%
11   Loan 300 Montgomery 5/24/2017 5/31/2017 No 5/31/2017 Y 5/26/2017 21.0%   Yes Future mezzanine debt permitted subject to: (i) no event of default; (ii) maximum combined LTV of 80.0%; (iii) minimum combined Underwritten Debt Service Coverage Ratio of 1.50x; (iv) Intercreditor Agreement required; and (v) Rating Agency confirmation   $66,000,000   55.2% 2.56x 9.6%     55.2% 2.56x 9.6%
12   Loan Garden Multifamily Portfolio Various Various No Various N NAP NAP   No NAP   $57,176,411   71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.01   Property Carleton 2/9/2017 2/23/2017 No 2/23/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.02   Property River Glen 2/3/2017 2/23/2017 No 2/22/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.03   Property Tabor Ridge 2/8/2017 2/23/2017 No 2/23/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.04   Property Ridgewood 2/9/2017 2/15/2017 No 2/22/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.05   Property Foxhaven 2/8/2017 2/23/2017 No 2/22/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.06   Property Hayfield 2/7/2017 2/23/2017 No 5/4/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.07   Property Laurel 2/9/2017 2/15/2017 No 2/22/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.08   Property Wood Trail 2/9/2017 2/23/2017 No 2/22/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.09   Property Camellia 2/3/2017 2/23/2017 No 5/10/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.10   Property Ashgrove 2/7/2017 2/23/2017 No 2/16/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.11   Property Slate Run 2/8/2017 2/23/2017 No 2/23/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.12   Property Forsythia 2/3/2017 2/23/2017 No 2/21/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.13   Property Beckford 2/8/2017 2/23/2017 No 2/16/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.14   Property Meadowood 2/9/2017 2/14/2017 No 2/22/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
12.15   Property Elmwood 2/9/2017 2/23/2017 No 2/16/2017 N NAP NAP             71.3% 1.33x 9.3%     71.3% 1.33x 9.3%
13 (27) Loan 333 North Bedford 7/27/2017 9/8/2017 No 9/14/2017 N NAP NAP   No NAP   $58,177,135   61.4% 1.63x 9.9%     61.4% 1.63x 9.9%
14   Loan Miracle Mile 8/3/2017 9/7/2017 No 9/7/2017 N NAP NAP   No NAP   $56,000,000   69.5% 1.52x 9.7%     69.5% 1.52x 9.7%
15 (27) Loan Totowa Commerce Center 8/2/2017 9/12/2017 Yes Various N NAP NAP   No NAP   $51,750,000   74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.01   Property 80-100 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.02   Property 40 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.03   Property 29 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.04   Property One Center Court   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.05   Property 11 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.06   Property 45 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.07   Property 999 Riverview Drive 8/2/2017 9/12/2017 Yes 7/13/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.08   Property Two Center Court   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.09   Property 120-140 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.10   Property 60 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
15.11   Property 20 Commerce Way   9/12/2017 Yes 7/19/2017 N NAP NAP             74.8% 1.55x 9.7%     74.8% 1.55x 9.7%
16   Loan Rockside Office Portfolio 10/3/2017 10/2/2017 No 10/2/2017 N NAP NAP   No NAP   NAP   50.7% 2.95x 14.8%     50.7% 2.95x 14.8%
16.01   Property Freedom Square II 10/3/2017 10/2/2017 No 10/2/2017 N NAP NAP             50.7% 2.95x 14.8%     50.7% 2.95x 14.8%
16.02   Property Freedom Square III 10/3/2017 10/2/2017 No 10/2/2017 N NAP NAP             50.7% 2.95x 14.8%     50.7% 2.95x 14.8%
16.03   Property Rock Run North 10/3/2017 10/2/2017 No 10/2/2017 N NAP NAP             50.7% 2.95x 14.8%     50.7% 2.95x 14.8%
16.04   Property Rock Run Center 10/3/2017 10/2/2017 No 10/2/2017 N NAP NAP             50.7% 2.95x 14.8%     50.7% 2.95x 14.8%
16.05   Property Freedom Square I 10/3/2017 10/2/2017 No 10/2/2017 N NAP NAP             50.7% 2.95x 14.8%     50.7% 2.95x 14.8%
17   Loan The Boulders Resort & Spa 7/6/2017 7/11/2017 No 7/11/2017 N NAP NAP   No NAP   $72,850,326   55.9% 1.61x 13.2%     55.9% 1.61x 13.2%
18   Loan 701 East 22nd Street 8/19/2017 8/24/2017 No 8/24/2017 N NAP NAP   No NAP   NAP   64.4% 2.03x 11.7%     64.4% 2.03x 11.7%
19   Loan 237 East Fordham Road 7/14/2017 7/24/2017 No 7/24/2017 N NAP NAP   No NAP   NAP   40.8% 3.19x 12.9%     40.8% 3.19x 12.9%
20   Loan Wild Meadows 9/8/2017 9/11/2017 No 9/11/2017 N NAP NAP   No NAP   NAP   63.0% 1.53x 7.1%     63.0% 1.53x 7.1%
21   Loan Mt. Washington Mill 7/31/2017 8/7/2017 No 8/7/2017 N NAP NAP   No NAP   NAP   53.4% 2.12x 13.3%     53.4% 2.12x 13.3%
22   Loan Goldstar Industrial Portfolio Various Various No 7/28/2017 N NAP NAP   No NAP   NAP   55.8% 2.78x 13.3%     55.8% 2.78x 13.3%
22.01   Property 1361 Brass Mill Road 8/21/2017 7/28/2017 No 7/28/2017 N NAP NAP             55.8% 2.78x 13.3%     55.8% 2.78x 13.3%
22.02   Property Harwood Business Center 8/23/2017 7/31/2017 No 7/28/2017 N NAP NAP             55.8% 2.78x 13.3%     55.8% 2.78x 13.3%
22.03   Property 201 Gateway Drive 8/21/2017 7/28/2017 No 7/28/2017 N NAP NAP             55.8% 2.78x 13.3%     55.8% 2.78x 13.3%
22.04   Property 2113 Columbia Park Road 8/21/2017 7/28/2017 No 7/28/2017 N NAP NAP             55.8% 2.78x 13.3%     55.8% 2.78x 13.3%
22.05   Property 2111 Emmorton Park Road 8/21/2017 7/28/2017 No 7/28/2017 N NAP NAP             55.8% 2.78x 13.3%     55.8% 2.78x 13.3%
22.06   Property 5495 Levering Avenue 8/23/2017 7/28/2017 No 7/28/2017 N NAP NAP             55.8% 2.78x 13.3%     55.8% 2.78x 13.3%
23   Loan Meadows at June Road 7/24/2017 8/25/2017 No 9/21/2017 Y 8/23/2017 8.0%   No NAP   NAP   63.3% 1.26x 8.2%     63.3% 1.26x 8.2%
24   Loan Lakefront I & II 9/5/2017 8/15/2017 No 8/15/2017 N NAP NAP   No NAP   NAP   59.0% 3.42x 17.4%     59.0% 3.42x 17.4%
25   Loan Spurlock Apartments 9/20/2017 9/26/2017 No 9/26/2017 N NAP NAP   No NAP   NAP   65.0% 1.70x 10.7%     65.0% 1.70x 10.7%
26   Loan SeaMist RV Park 9/6/2017 9/11/2017 No 9/8/2017 N NAP NAP   No NAP   NAP   56.3% 1.57x 11.9%     56.3% 1.57x 11.9%
27   Loan Southern Woods 9/27/2017 9/20/2017 No 9/20/2017 N NAP NAP   No NAP   NAP   69.8% 1.28x 8.9%     69.8% 1.28x 8.9%
28   Loan 332 East 6th Street 8/1/2017 8/10/2017 No 8/10/2017 N NAP NAP   No NAP   NAP   61.2% 1.57x 7.1%     61.2% 1.57x 7.1%
29   Loan Springtree Apartments 8/31/2017 9/13/2017 No 9/13/2017 N NAP NAP   No NAP   NAP   70.4% 1.52x 10.5%     70.4% 1.52x 10.5%
30   Loan 1442 Pennsylvania Avenue Southeast 9/27/2017 10/3/2017 No 10/3/2017 N NAP NAP   No NAP   NAP   62.3% 1.78x 8.7%     62.3% 1.78x 8.7%
31   Loan Outback Steakhouse El Paso 9/8/2017 9/12/2017 No 9/12/2017 N NAP NAP   No NAP   NAP   47.4% 1.77x 9.4%     47.4% 1.77x 9.4%

 

 

 

 

CSAIL 2017-CX10
FOOTNOTES TO ANNEX A 

   
(1) “Column” denotes Column Financial, Inc. as Mortgage Loan Seller, “BSP” denotes Benefit Street Partners CRE Finance LLC as Mortgage Loan Seller, “Natixis” denotes Natixis Real Estate Capital LLC as Mortgage Loan Seller.
   
(2) For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance , Cut-off Date Balance, Maturity/ARD Balance, and Cut-off Date Balance per SF/Units/Rooms/Pads are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
   
(3) With regards to Loan No. 1, Park Center Phase I, the mortgage loan is part of a $158.0 million whole loan (the “Park Center Phase I Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of the cut-off date of $78.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of $80.0 million and was contributed to the CSAIL 2017-CX9 Commercial Mortgage Trust. All loan level metrics are based on the $158.0 million Park Center Phase I Whole Loan balance.
   
  With regards to Loan No. 2, GNL Portfolio, the mortgage loan is part of a $187.0 million whole loan (the “GNL Portfolio Whole Loan”), which is comprised of four pari passu component notes (Note A-1-A, Note A-1-B, Note A-2-A and Note A-2-B). Note A-1-A, which has an outstanding principal balance as of the cut-off date of $73.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2-A has an outstanding principal balance as of the cut-off date of $63.5 million and is held by Column. Note A-1-B and Note A-2-B have outstanding principal balances as of the cut-off date of $50.5 million in the aggregate and are expected to be contributed to CCUBS 2017-C1. All loan level metrics are based on the $187.0 million GNL Portfolio Whole Loan balance.
   
  With regards to Loan No. 3, Yorkshire & Lexington Towers, the mortgage loan is part of a $400.0 million whole loan (the “Yorkshire & Lexington Towers Whole Loan”), which is comprised of nine pari passu component notes (Note A-1, Note A-2, Note A-3, Note A-4, Note A-5, Note A-6, Note A-7, Note A-8-1 and Note A-8-2) and one subordinate companion loan (Note B). Note A-1 and Note A-2, which have an aggregate outstanding principal balance as of the cut-off date of $60.0 million, are expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note B, which has an outstanding principal balance as of the cut-off date of $200.0 million, is also expected to be contributed to CSAIL 2017-CX10 Commercial Mortgage Trust, as the collateral for the Non-pooled Loan-Specific Certificates. Note A-4 has an outstanding principal balance as of the cut-off date of $40.0 million and is expected to be contributed to the UBS Commercial Mortgage Trust 2017-C5. Note A-3, Note A-5, Note A-6, Note A-7, Note A-8-1, and Note A-8-2 have an aggregate outstanding principal balance as of cut-off date of $100.0 million and are held by UBS AG and Natixis. All loan level metrics are based on the $200.0 million senior portion of the Yorkshire & Lexington Towers Whole Loan.
   
  With regards to Loan No. 5, One California Plaza, the mortgage loan is part of a $300.0 million whole loan (the “One California Plaza Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2) and one subordinate note (Note B). Note A-2, which has an outstanding principal balance as of the cut-off date of $50.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 and Note B have outstanding principal balances as of the cut-off date of $86.0 million and $164.0 million, respectively, and were contributed to CSMC 2017-CALI Commercial Mortgage Trust. All loan level metrics are based on the $136.0 million senior portion of the One California Plaza Whole Loan balance.
   
  With regards to Loan No. 6, Lehigh Valley Mall, the mortgage loan is part of a $200.0 million whole loan (the “Lehigh Valley Mall Whole Loan”), which is comprised of six pari passu component notes (Note A-1-A, Note A-1-B, Note A-1-C, Note A-2-A, Note A-2-B and Note A-2-C). Note A-1-B, which has an outstanding principal balance as of the cut-off date of $50.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2-B has an outstanding principal balance as of the cut-off date of $27.5 million and is held by Column. Note A-1-A and Note A-2-A have outstanding principal balances as of the cut-off date of $77.5 million in the aggregate and are held by JPMorgan Chase Bank, National Association (“JPMCB”). Note A-1-C and Note A-2-C have outstanding principal balances as of the cut-off date of $45.0 million in the aggregate and are held by Cantor Commercial Real Estate Lending, L.P. All loan level metrics are based on the $200.0 million Lehigh Valley Mall Whole Loan balance.
   
  With regards to Loan No. 7, The Standard Highline NYC, the mortgage loan is part of a $170.0 million whole loan (“The Standard Highline NYC Whole Loan”), which is comprised of one senior note (Note A) and three subordinate companion loans (Note A-B, Note B-A and Note B-B). Note A, which has an outstanding principal balance as of the cut-off date of $45.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-B, which has an outstanding principal balance as of the cut-off date of $58.4 million, is also expected to be contributed to CSAIL 2017-CX10 Commercial Mortgage Trust, as the collateral for the Non-pooled Loan-Specific Certificates. Note B-A has an outstanding principal balance as of the cut-off date of $36.6 million and is held by Natixis. Note B-B has an outstanding principal balance as of cut-off date of $30.0 million and is also held by Natixis. All loan level metrics are based on the $45.0 million senior portion of The Standard Highline NYC Whole Loan.
   
  With regards to Loan No. 8, Centre 425 Bellevue, the mortgage loan is part of a $208.45 million whole loan (the “Centre 425 Bellevue Whole Loan”), which is comprised of three pari passu component notes (Note A-1, Note A-2 and Note A-3) and one subordinate companion loan (Note B). Note A-3, which has an outstanding balance as of the cut-off date of $44.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of $40.0 million and is expected to be contributed to the UBS Commercial Mortgage Trust 2017-C5. Note A-1 has an outstanding principal balance as of the cut-off date of $10.0 million and is held by Natixis. The subordinate Note B has an outstanding principal balance as of cut-off date of $114.45 million and is held by Natixis. All loan level metrics are based on the $94.0 million senior portion of the Centre 425 Bellevue Whole Loan balance.
   
  With regards to Loan No. 10, 600 Vine, the mortgage loan is part of an approximately $52.8 million whole loan (the “600 Vine Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-1, which has an outstanding principal balance as of the cut-off date of approximately $36.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of cut-off of approximately $16.8 million and is held by Natixis. All loan level metrics are based on the approximately $52.8 million 600 Vine Whole Loan balance.
   
  With regards to Loan No. 11, 300 Montgomery, the mortgage loan is part of a $66.0 million whole loan (the “300 Montgomery Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of the cut-off date of $30.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of $36.0 million and was contributed to the CSAIL 2017-CX9 Commercial Mortgage Trust. All loan level metrics are based on the $66.0 million 300 Montgomery Whole Loan.

 

 

 

  With respect to Loan No. 12, Garden Multifamily Portfolio, the mortgage loan is part of an approximately $57.2 million whole loan (the “Garden Multifamily Whole Loan”) that is comprised of six pari passu component notes (Note A-1, Note A-2, Note A-3, Note A-4 Note A-5 and Note A-6). Note A-1, Note A-4 and Note A-5, which have an aggregate outstanding principal balance as of the cut-off date of approximately $29.3 million, are expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2, which has an outstanding principal balance as of the cut-off date of approximately $17.9 million, was contributed to the CSAIL 2017-C8 Commercial Mortgage Trust. The remaining notes are held by BSP. All loan level metrics are based on the approximately $57.2 million Garden Multifamily Portfolio Whole Loan balance.
   
  With regards to Loan No. 13, 333 North Bedford, the mortgage loan is part of an approximately $58.2 million whole loan (the “333 North Bedford Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of cut-off date of approximately $28.8 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of approximately $29.3 million and was contributed to the Wells Fargo Commercial Mortgage Trust 2016-NXS6. All loan level metrics are based on the approximately $58.2 million 333 North Bedford Whole Loan.
   
  With respect to Loan No. 14, Miracle Mile, the mortgage loan is part of a $56.0 million whole loan (the “Miracle Mile Whole Loan”) that is comprised of four pari passu notes and was co-originated with JPMCB and is comprised of four pari passu notes. Note A-1 and Note A-2 have an aggregate outstanding principal balance as of the cut-off date of $28.0 million and are expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-3 and Note A-4 have an aggregate outstanding principal balance as of the cut-off date of $28.0 million and are held by JPMCB. All loan level metrics are based on the $56.0 million Miracle Mile Whole Loan balance.
   
  With regards to Loan No. 15, Totowa Commerce Center, the mortgage loan is part of a $51.75 million whole loan (the “Totowa Commerce Center Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-1, which has an outstanding principal balance as of the cut-off date of $26.75 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-2 has an outstanding principal balance as of the cut-off date of $25.0 million and is expected to be contributed to the UBS Commercial Mortgage Trust 2017-C5. All loan level metrics are based on the $51.75 million Totowa Commerce Center Whole Loan balance.
   
  With regards to Loan No. 17, The Boulders Resort & Spa, the mortgage loan is part of an approximately $72.9 million whole loan (the “The Boulders Resort & Spa Whole Loan”), which is comprised of two pari passu component notes (Note A-1 and Note A-2). Note A-2, which has an outstanding principal balance as of the cut-off date of approximately $23.0 million, is expected to be contributed to the CSAIL 2017-CX10 Commercial Mortgage Trust. Note A-1 has an outstanding principal balance as of the cut-off date of approximately $49.9 million and was contributed to CSAIL 2017-CX9 Commercial Mortgage Trust. All loan level metrics are based on the approximately $72.9 million The Boulders Resort & Spa Whole Loan balance.
   
(4) In certain cases, the principal / carveout guarantor name was shortened for spacing purposes.
   
(5) With regards to Loan No. 4, Westin Times Square Fee, the mortgage loan is secured by the leased fee interest in the land under the Westin Times Square Hotel, which is encumbered by a ground lease between the related borrower, as the ground lessor, and a sponsor affiliate, which expires on July 14, 2096. The improvements are not collateral for the mortgage loan.
   
  With respect to Loan No. 14, Miracle Mile, the borrower has both a fee and leasehold interest in the Miracle Mile property, which property is subject to a ground lease with an affiliated ground lessor, effective through September 30, 2046. The ground lease payment is fixed at $1 throughout the term of the ground lease and any modification of the ground lease constitutes an event of default under the related mortgage loan documents.
   
  With respect to Loan No. 21, Mt. Washington Mill, the borrower has both a fee and leasehold interest in the Mt. Washington Mill property. The property is encumbered by two ground leases; the first ground lease, covering Parcel A, expires on April 9, 2031 and may be extended into April 9, 2231. Ground lease payments under the first ground lease are fixed at $1 annually throughout the initial term of the ground lease. With respect to the second ground lease, covering Lots 4, 5, 7 and 8, the ground lease expires December 31, 2020 and may be extended through December 31, 2040. Ground lease payments under the second ground lease are fixed at $3,000 annually throughout the initial term of the ground lease.
   
(6) With respect to Loan No. 24, Lakefront I & II, the mortgaged property is subject to a title restriction that limits the permitted use of the mortgaged property to: (i) light manufacturing; (ii) assembly; (iii) production; (iv) commercial; (v) office; (vi) warehouse; (vii) storage and distribution; (viii) industrial; and (ix) education purposes (including parking).
   
(7) With respect to Loan No. 14, Miracle Mile, the tenants PNC Bank, Chick-Fil-A, Taco Bell and Starbucks are all outparcel tenants at the property and may be partially released upon the satisfaction of certain conditions including, but not limited to: (i) no event of default existing at the time of such release; and (ii) the borrower prepays the mortgage loan in an amount equal to the greater of: (a) net sale proceeds and 115% of the value of the parcel to be released or (b) the amount that results in the LTV of the remaining property, after giving effect to the release, being no greater than 72% and the DSCR and DY of the remaining property, after giving effect to the release, being no less than underwritten NCF DSCR of 1.35x and NCF DY of 8.75%, respectively, together with a prepayment premium in the amount equal to the greater of a yield maintenance premium or one percent of the amount prepaid.  
   
(8) With regards to Loan No. 1, Park Center Phase I, the Second Largest Tenant, Del Frisco’s, has not taken occupancy of its approximately 10,090 SF space and is not currently paying its base rent. It is expected to take occupancy on June 1, 2018.
   
  With regards to Loan No. 5, One California Plaza, 24,108 SF of the tenant identified as Dentons LLP (62,690 SF), accounting for approximately 2.3% of the net rentable area, has gone dark but is paying rent and recoveries.
   
  With regards to Loan No. 8, Centre 425 Bellevue, the Largest Tenant, Amazon Corporate, has rent abatement ending in May 2018, and a Free Rent Reserve in the amount of approximately $10.9 million was reserved at origination.
   
  With regards to Loan No. 19, 237 East Fordham Road, the Second Largest Tenant, Footlocker, has free rent on its space ending in April 2018, and a free rent reserve in an amount of $712,190 was reserved at origination. In addition, a concession reserve in an amount of $200,000 was reserved at origination.

 

 

 

(9) For each mortgage loan, the excess of the related Interest Rate% over the related Servicing Fee Rate, the Trustee/Certificate Administrator Fee Rate, the Operating Advisor Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee%”).
   
(10) For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service (IO) was calculated as 1/12th of the product of (i) the Original Balance, (ii) the Interest Rate% and (iii) 365/360.
   
(11) With regards to all mortgage loans, Annual Debt Service is calculated by multiplying the Monthly Debt Service by 12.
   
(12) The classification of the lockbox types is described in the Free Writing Prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details.
   
  With respect to Mortgage Loan No. 16, Rockside Office Portfolio, a cash sweep period commencing in connection with the DSCR being less than 1.60x will only occur after the initial transfer of the property and assumption of the Mortgage Loan according to the loan documents.
   
(13) With regards to Loan No. 7, The Standard Highline NYC and Loan No. 11, 300 Montgomery, the sponsors are related.
   
  With regards to Loan No. 25, Spurlock Apartments, and Loan No. 29, Springtree Apartments, the sponsors are related.
   
(14) The UW NOI DSCR and UW NCF DSCR for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the interest-only period during the term of the mortgage loan.
   
(15) The “L” component of the prepayment provision represents lockout payments.
  The “Def” component of the prepayment provision represents defeasance payments.
  The “YM1” component of the prepayment provision represents greater of 1% of principal balance or yield maintenance payments.
  The “O” component of the prepayment provision represents the free payments including the Maturity Date.
   
(16) With regards to Loan No. 2, GNL Portfolio, the related borrowers may obtain a release of one or more of the related properties (the “GNL Portfolio Mortgaged Properties”) from the lien of the related mortgage instruments by prepayment of a portion of the GNL Portfolio Whole Loan equal to: (i) 110% (120% if the released property or properties are being transferred to an affiliate) of the applicable allocated loan amount for such property or properties until such time as the GNL Portfolio Whole Loan balance is reduced to 90% of the original GNL Portfolio Whole Loan amount ($168.3 million) and (ii) 115% (125% if the released property or properties are being transferred to an affiliate) of the applicable allocated loan amount for such property or properties for the remainder of the GNL Portfolio Whole Loan amount, provided that after giving effect to such release the aggregate portfolio debt yield is at least equal to the greater of (1) the aggregate portfolio debt yield on October 27, 2017 and (2) aggregate GNL Portfolio debt yield immediately prior to such release. No release will be permitted if such release would result in a loan-to-value ratio (after giving effect to the release and prepayment of principal and based on the GNL Portfolio Mortgaged Properties remaining subject to the lien of the GNL Portfolio Whole Loan documents) greater than 125%.
   
  With regards to Loan No. 3, Yorkshire & Lexington Towers, on any payment date two years after the closing date of the securitization that includes the last note to be securitized but prior to April 6, 2022, the borrower may partially defease a portion of the Yorkshire & Lexington Towers Whole Loan in connection with the release of the Lexington Towers Mortgaged Property subject to certain conditions as defined in the loan agreement.
   
  With regards to Loan No. 6, Lehigh Valley Mall, the borrower may obtain the release of Macy’s Retail Holdings, Inc.’s parcel (the “Macy’s Release Parcel”) from the lien of the Lehigh Valley Mall Whole Loan, and concurrently transfer the Macy’s Release Parcel in connection with the exercise by Macy’s of the purchase option, provided, among other conditions: (i) either (A) a partial prepayment or partial defeasance of the Lehigh Valley Mall Whole Loan, as applicable, in an amount equal to 100% of the gross cash proceeds received by the borrower from Macy’s (net of any reasonable customary closing costs actually incurred by the borrower in connection with such sale) with respect to the exercise by Macy’s of the purchase option in accordance with the lease (the “Release Parcel Amount”) or (B) a deposit of the Release Parcel Amount into the reserve account; and (ii) either (A) the ratio of the unpaid principal balance of the Lehigh Valley Mall Whole Loan to the value of the remaining property must be equal to or less than 125% or (B) the borrower pays down the principal balance of the Lehigh Valley Mall Whole Loan in accordance with the mortgage loan documents.
   
  With respect to Loan No. 12, Garden Multifamily Portfolio, partial release of any of the fifteen properties is permitted after the date that is the earlier to occur of (i) three years after origination and (ii) two years after securitization of the last remaining note of the Garden Multifamily Portfolio provided, among other conditions described in the Garden Multifamily Portfolio Whole Loan documents, (i) the borrowers deliver defeasance collateral in an amount equal to 125% of the allocated loan amount of the property to be released, (ii) after giving effect to such release, (a) the DSCR of the remaining properties is equal to or greater than the greater of (x) 1.36x or (y) the DSCR immediately prior to release, (b) the LTV for the remaining properties is no greater than the lesser of (x) 71.7% or (y) the LTV of all properties prior to the release and (z) the Debt Yield of the remaining properties is equal to or greater than the greatest of (a) 8.8% or (b) Debt Yield of all properties prior to release.
   
  With respect to Loan No. 14, Miracle Mile, partial release of one or more outparcels currently leased to PNC Bank, Chick-Fil-A, Taco Bell and Starbucks is permitted with prior written notice provided, among other conditions described in the Miracle Mile Whole loan documents, (i) the borrower prepays a portion of the loan in the amount equal to the greater of (a) 100% of the net sales proceeds for such outparcel and (b) 115% of the allocated loan amount of the release parcel, together with a prepayment premium in the amount equal to the greater of a yield maintenance premium or one percent of the amount prepaid, and (ii) after giving effect to such release, (a) the DSCR is not less than 1.35x after the release, (b) the LTV is not greater than 72.0% after release, and (c) the debt yield is not less than 8.75% after release. The related allocated loan amounts are, (i) $2,500,000, with respect to the outparcel leased to Chick-Fil-A, (ii) $1,700,000, with respect to the outparcel leased to Taco Bell, (iii) $1,800,000 with respect to the outparcel leased to Starbucks and (iv) $9,700,000, with respect to the release outparcel leased to PNC Bank.
   
  With regards to Loan No. 15, Totowa Commerce Center, from and after the start-up date, which is 25 payment dates beginning with and including the first payment date of November 5, 2017, the borrower can obtain the release of the unimproved land parcel and the office parcel, provided that (i) no event of default has occurred and is continuing, (ii) the purchaser is not affiliated with the borrower, (iii) after such partial release, the debt yield is not less than the greater of (x) the debt yield immediately preceding such partial release and (y) debt yield at origination, (iv) after such partial release, the LTV is not greater than the lesser of (x) the LTV immediately preceding such partial release and (y) LTV at origination, and (v) the borrower delivers to the lender 115% of the allocated loan amount of the release parcel.
   
(17) With regards to Loan No. 1, Park Center Phase I, historical financials prior to 2017 are not available, as the property was built in 2016.

 

 

 

  With regards to Loan No. 2, GNL Portfolio, the assets in the portfolio were acquired from January 2014 to May 2017. 2014 portfolio cashflows are not available due to the acquisition dates. The 2015 NOI includes 12 months of financials for all properties, except for C&J Energy Services, Inc. II which was acquired in March 2015 and FedEx Ground Package System, Inc. (WV) which was acquired in March 2017. The 2015 NOI includes approximately 10 months of financials for C&J Energy Services, Inc. II and does not include any information related to FedEx Ground Package System, Inc. (WV). 2016 NOI includes 12 months of financials for all properties, except for FedEx Ground Package System, Inc. (WV), for which no financial information is included due to the property being acquired in March 2017.
   
  With regards to Loan No. 3, Yorkshire & Lexington Towers, historical financials prior to 2015 are unavailable as the borrower acquired the property in 2014.
   
  With regards to Loan No. 4, Westin Times Square Fee, most recent financials are not available as the cashflows reflect the annual ground rent payment.
   
  With regards to Loan No. 8, Centre 425 Bellevue, historical financials are not available as the property was constructed in 2017.
   
  With respect to Loan No. 16, Rockside Office Portfolio, 2014 financial information represents the November 2014 trailing twelve months; 2015 financial information represents the February 2016 trailing twelve months.
   
  With respect to Loan No. 22, Goldstar Industrial Portfolio, 2014 financials are unavailable as the borrower acquired the property in 2015.
   
  With respect to Loan No. 23, Meadows at June Roads, historical financials are unavailable as the property was constructed in 2017. Most recent figures represent financials from February 20, 2017 through August 19, 2017 annualized.
   
  With regards to Loan No. 28, 332 East 6th Street, historical financials prior to TTM August 2017 are unavailable as the borrower acquired the property in 2016.
   
  With regards to Loan No. 29, Springtree Apartments, historical financials prior to 2016 are unavailable as the borrower acquired the property in 2016.
   
  With regards to Loan No. 30, 1442 Pennsylvania Avenue Southeast, historical financials prior to 2015 are not available as the property was constructed in 2014.
   
  With regards to Loan No. 31, Outback Steakhouse El Paso, historical financials are unavailable as the borrower acquired the property October 2017.
   
(18) With regards to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any Mortgaged Property.
   
(19) In certain cases, the data for tenants occupying multiple spaces includes square footage for all leases and is presented with the expiration date of the largest square footage expiring.
   
(20) With regards to Loan No. 5, One California Plaza, the Second Largest Tenant, AECOM, has a one-time right to terminate and cancel its lease with respect to its entire leased premises, effective as of the later of the last day of the 11th lease year (February 28, 2027), or the date that is 12 months after the tenant delivers a termination notice to the borrower, which such notice must be delivered no later than the later of the last day of the 10th lease year (February 28, 2026), or the date that is 5 business days after the tenant’s receipt of notice from the borrower that it will lose its right to terminate the lease unless it sends its termination notice to the borrower within the next five business days. On or before 30 days prior to the termination date, the tenant is required to deliver to the borrower the sum of (i) $11,048,830, and (ii) if the tenant has previously leased any expansion space, first offer space or first refusal space, the sum of (A) the unamortized amount, as of the termination date, of the tenant improvement allowance, base rent abatement, and brokerage commissions paid by the borrower with respect to such added space, amortized over the applicable term(s) of the tenant’s lease of any such space using an annual amortization rate of 7%, and (B) three months of base rent and the estimated tenant’s share of direct expenses then in effect. The Third Largest Tenant, Morgan Lewis Bockius LLP, has the option to terminate if the tenant gives the borrower notice that the tenant is vacating the premises. If the premises remains vacant and unused by the tenant (or anyone claiming by, through or under tenant) for a period of more than 60 days after delivery of such notice, then the tenant is entitled to receive a vacancy credit.  
   
  With respect to Loan No. 8, Centre 425 Bellevue, the Second Largest Tenant, Starbucks, has the option to terminate the lease effective on June 30, 2022, with the payment of a termination fee equal to the unamortized portion of the tenant allowance and leasing commissions plus nine months’ rent, subject to a cap of $180,000.
   
  With respect to Loan No. 10, 600 Vine, the Largest Tenant, FirstGroup America, has the option to terminate the lease in March 2022 either (i) as to the entire space or (ii) as to 2 contiguous full floors of its space, with written notice no later than March 2021 and payment of a termination fee in the amount of $726,264 in case of termination of the entire space, and in the amount of $331,479 in case of termination with respect to 2 floors. The Second Largest Tenant, Ulmer & Berne, LLP, has the option to terminate the lease on March 31, 2019 with 12 months’ written notice, and payment of a termination fee in an amount equal to the sum of (i) $245,460 and (ii) unamortized tenant improvement allowance.
   
  With respect to Loan No. 11, 300 Montgomery, the Largest Tenant, Ripple Labs, Inc., subleases 11,429 SF of its space to HackerOne at $73.00 PSF through the remainder of its term and subleases 3,320 SF of its space to Grovo Learning at $71.00 PSF through the remainder of its term.
   
  With respect to Loan No. 11, 300 Montgomery, the Second Largest Tenant, Consulate General of Brazil, in the event diplomatic relations between the United States and Brazil are terminated, suspended or otherwise interrupted, or the Government of Brazil closes its San Francisco Consulate (and does not re-open the Consulate) during the last four years of its lease, has the option to terminate its lease with 180 days’ prior written notice and payment of a termination fee equal to the unamortized tenant improvement and leasing commission costs. The Third Largest Tenant, ELS Education Services, Inc., has the right to terminate its lease at any time after the 84th full calendar month of the term with one-year notice and payment of a termination fee of $215,107 plus the unamortized balance of the tenant improvements, plus cost of brokerage commission, and legal fees paid in connection with negotiation and execution of lease and the initial 45-day base rent abatement.

 

 

 

  With respect to Loan No. 13, 333 North Bedford, the Largest Tenant, Grand Prix New York Racing, LLC, subleases 17,200 SF to Spins Bowl at a current rental rate of $20.93 PSF. The Fifth Largest tenant, Saw Mill Club East, representing 7.0% of the net rentable SF, subleases 1,300 SF to Spa East at a current rental rate of $44.77 PSF.
   
  With respect to Loan No. 15, Totowa Commerce Center, the second largest tenant by SF at the 20 Commerce Way Mortgaged Property, Atlantic Inertial Systems Inc., has the option to terminate its lease effective February 29, 2020 with 12 months’ prior written notice and payment of a termination fee in an amount equal to the sum of (i) $19,854 and (ii) unamortized costs incurred by landlord in connection with the lease. The Second Largest Tenant at the 29 Commerce Way Mortgaged Property, Westrock Converting Co., has the option to terminate its lease effective May 31, 2020 with 12 months’ prior written notice and payment of a termination fee in an amount equal to $214,658. The Second Largest Tenant at the 40 Commerce Way Mortgaged Property, Patterson Dental Supply, has the option to terminate its lease effective April 30, 2018 with 12 months’ prior written notice and payment of a termination fee in an amount equal to $365,964. The Third Largest Tenant at the 40 Commerce Way Mortgaged Property, Biologictx LLC, has the option to terminate its lease effective November 30, 2021 with nine months’ prior written notice and payment of a termination fee in an amount equal to $108,000. The Second Largest Tenant at the One Center Court Mortgaged Property, Westrock Converting Co., has the option to terminate its lease effective April 30, 2018 with six months’ prior written notice and payment of a termination fee in an amount equal to $104,592. The Largest Tenant at the 999 Riverview Drive Mortgaged Property, RGN-Totowa I LLC, has the option to terminate its lease effective September 30, 2019 with 12 months’ prior written notice and payment of a termination fee in an amount equal to $324,484.
   
  With respect to Loan No. 16, Rockside Office Portfolio, with respect to the Rock Run Center property, the largest tenant at the property, Acumen Solutions has a one-time option to terminate its lease on August 31, 2022. In order to exercise its termination option, Acumen Solutions must give notice of termination by November 30, 2021 and pay a termination fee of $448,515.
   
  With respect to Loan No. 16, Rockside Office Portfolio, with respect to the property Freedom Square III, the largest tenant at the property, Sterling, has a one-time termination right effective on the seventh anniversary of the lease. In order to exercise its termination option, Sterling must give twelve months’ notice of its intent to exercise the termination option and pay a termination fee of $962,984 plus unamortized TI/LC costs associated with the parking lot sublease.
   
  With respect to Loan No. 18, 701 East 22nd Street, the Second Largest Tenant at the property, Envoy LLC has the option to terminate its effective as of June 30, 2021. In order to exercise its termination option, Envoy LLC must provide twelve months’ written notice and pay a termination fee equal to the sum of: (i) three times the sum of the monthly installments of base rent and additional rent payable under the lease; and (ii) the unamortized amount of brokerage commissions, legal fees, rent abatements and tenant improvement allowances as of the termination date. Half of the termination fee will is required to be paid with the notice of exercising the termination option and the balance is required to be paid no later than the termination date.  
   
  With respect to Loan No. 22, Goldstar Industrial Portfolio, with respect to the 5495 Levering Avenue Property, the largest tenant, David H. Elliot Company, Inc. has the option to terminate its lease if the contract between the tenant and Exelon/BGE is altered in a way that impacts the tenant’s ability to conduct business in the state of Maryland. In order to exercise its termination option, David H. Elliot Company, Inc. must provide 120 days’ notice and pay a termination fee equal to: (i) if the lease termination date occurs during the first thirty-six months of the lease term, $100,000; and (ii) if the lease termination date occurs after the first thirty-six months of the lease term, $50,000.
   
  With respect to Loan No. 24, Lakefront I & II, with respect to the Second Largest Tenant, Florida Agency for Workforce Innovation, the lease may be terminated with six months’ written notice in the event a state owned building becomes available. Additionally, Florida Agency for Workforce Innovation has a one-time surrender option of up to 20% of the premises after 36 months with 180 days prior written notice. With respect to the Fifth Largest Tenant, Regions Bank, the lease may be terminated at the end of the thirty-ninth month with nine month’s prior written notice. A termination fee equal to (i) the unamortized balance of the lease costs and (iii) three months’ rent will be payable at the early termination date.
   
  With respect to Loan No. 30, 1442 Pennsylvania Avenue Southeast, the Second Largest Tenant, McCormick Paint Works Co., has the right to terminate its lease on September 30, 2020 with 12 months’ prior written notice and payment of a termination fee.
   
(21) Represents the upfront and monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.
   
  With regards to Loan No. 1, Park Center Phase I, the borrower is not required to make monthly deposits to the tax or insurance reserve account so long as a trigger period or tenant failure event, as defined in the loan agreement, is not continuing. After the occurrence of a trigger period or tenant failure event, borrower is required to remit to the lender, for deposit into the basic carrying costs escrow account, an amount equal to the sum of: (i) 1/12th of the taxes that the lender reasonably estimates, based on information provided by the borrower, will be payable during the ensuing 12 months, plus (ii) 1/12th of the insurance premiums that the lender reasonably estimates, based on information provided by the borrower, will be payable during the ensuing 12 months. On each payment date during the continuance of a trigger period, the borrower is required to remit to the lender, for deposit into the TI/LC reserve account, an amount equal to the monthly TI/LC amount, $49,244. On each payment date during the continuance of a trigger period, the borrower is required to remit to the lender, for deposit into the capital expenditure reserve account, an amount equal to the monthly capital expenditure amount.
   
  With regards to Loan No. 2, GNL Portfolio, so long as no cash sweep period is continuing, the borrower is not required to make monthly deposits into the reserves.  During the continuance of a cash sweep period, borrower is required to deliver to lender (a) 1/12th of the estimated annual taxes and insurance premiums, (b) 1/12th of the product of $0.25 multiplied by the total number of aggregate rentable square feet comprising all of the properties then subject to the lien of the security instruments for replacements, capital expenditures in accordance with approved annual budget, and repairs required to be made to the properties during the calendar year, and (c) 1/12th of the product of $1.00 multiplied by the total number of aggregate rentable square feet comprising all of the properties then subject to the lien of the security instruments for tenant improvements and leasing commissions.  Upon the occurrence and during the continuance of a lease sweep period and provided no cash sweep period exists, borrower is required to reserve an amount equal to all cash flow attributable to any lease which caused the lease sweep event.
   
  With regards to Loan No. 4, Westin Times Square Fee, the Westin Times Square Fee loan documents do not require ongoing monthly escrows for property taxes, insurance and FF&E reserves as long as (i) the Ground Lease requires the tenant thereunder to pay all property taxes, insurance and capital improvement items with respect to the Westin Times Square Fee property, (ii) the Ground Lease is in full force and effect, (iii) no event of default has occurred and is continuing and (iv) the borrower provides satisfactory evidence to the lender of payment of property taxes and insurance and that FF&E funds are reserved pursuant to the Westin Times Square management agreement.

 

 

 

  With regards to Loan No. 5, One California Plaza, the borrower is not required to make monthly deposits to the tax and insurance reserve account so long as a cash sweep period, as defined in the loan agreement, is not continuing. On each payment date during the continuation of a cash sweep period, the borrower is required to deposit into the tax and insurance reserve account on each payment date (a) 1/12th of the property taxes that the lender estimates will be payable during the ensuing 12 months or such higher amount necessary to accumulate with the lender sufficient funds to pay all such property taxes at least 30 days prior to the earlier of (i) the date that the same will become delinquent and (ii) the date that additional charges or interest will accrue due to the non-payment, and (b) except to the extent the lender has waived in writing the insurance escrow because the insurance required under the mortgage loan documents is maintained under a blanket insurance policy acceptable to the lender, 1/12th of the insurance premiums that the lender estimates will be payable during the ensuing 12 months for the renewal of the applicable insurance or such higher amount necessary to pay all such insurance premiums at least 30 days prior to the expiration of the policies.
   
  With regards to Loan No. 6, Lehigh Valley Mall, the borrower is not required to make monthly deposits to the tax and insurance reserve account so long as a DSCR reserve trigger period or occupancy trigger period, as defined in the loan agreement, has not occurred and is not continuing. The borrower is required to pay the lender, on each scheduled payment date, 1/12th of the taxes and other charges that the lender reasonably estimates will be payable in respect of the property during the ensuing 12 months in order to accumulate sufficient funds to pay all such taxes and other charges at least 30 days prior to the respective due dates. The borrower is required to pay the lender on each scheduled payment date, 1/12th of the insurance premiums that the lender reasonably estimates will be payable for the renewal of the applicable insurance in order to pay all such insurance premiums at least 30 days prior to the expiration of the policies.
   
  With respect to Loan No. 7, The Standard Highline NYC, if the property manager or any replacement property manager is not directly paying the real estate taxes pursuant to The Standard Highline NYC Whole Loan documents, the borrower is required to escrow 1/12th of the annual estimated tax payments to the taxes reserve account. If the property manager or any replacement property manager is directly paying the insurance premiums for all coverages required pursuant to The Standard Highline NYC Whole Loan documents, the borrower is not required to escrow 1/12th of the annual estimated insurance payments to the insurance reserve account. If the existing management agreement is terminated or a replacement management agreement is not in place that adequately reserves for furniture, fixtures, and equipment, the borrower is required to escrow an amount equal to 1/12th of 3% of gross income from operations for the previous calendar year to the FF&E reserve account. In terms of Façade Remediation Reserve, the borrower is required to escrow an amount equal to $231,158 on each payment date occurring in December 2017, January 2018 and May 2018. Additionally, the borrower is required to escrow an amount equal to $115,579 on each payment date occurring from June 2018 - November 2018; provided, however, if available cash on any payment date is insufficient to make the full monthly payment into the Façade Remediation Reserve, any shortfall will be added to the monthly amount to be collected on the subsequent payment date. Upon approval of the façade report by lender, lender will be required to increase or decrease the monthly payment deposit required above to reflect a new monthly deposit amount such that 110% of the budgeted amount set forth in the façade report will be deposited in the normal course by the December 2018 payment date. In terms of Seasonal Reserve, On December 5, 2017, the borrower is required to deposit $980,986 into the Seasonal Reserve. On each payment date occurring in each of the months of May through January inclusive, monthly 1/9th of the amount (“Shortfall Amount”) by which (i) the total amount of all debt service, reserves and all other amounts due and payable to lender under the loan documents on the payment dates in the prior February, March and April months, exceeded (ii) the total amount of the rents deposited for such payment dates in the prior February, March and April months, if DSCR is less than 1.70x on any April payment date. If DSCR is not less than 1.70x on any April payment date, the borrower is only required to make a single deposit of the Shortfall Amount on the following December payment date.
   
  With respect to Loan No. 8, Centre 425 Bellevue, the monthly CapEx reserve deposit amount equal to $2,974 will commence on the payment date in 37th payment date and continue on each payment date thereafter.
   
  With regards to Loan No. 9, 379 West Broadway, the borrower is not required to make monthly deposits to the tax and insurance reserve account so long as a cash sweep period, as defined in the loan agreement, is not continuing. The borrower is required to pay the lender, while a cash sweep period shall exist, on each payment date (i) 1/12th of the taxes and other charges that the lender estimates will be payable during the ensuing 12 months in order to pay all such taxes and other charges at least 30 days prior to the respective due dates; provided that if the lender determines that such amounts are not sufficient, the borrower will be required to make a payment equal to the amount determined by the lender to pay the taxes and other charges, within five days of the lender’s request; and (ii) 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the applicable insurance policies at least 30 days prior to the expiration of the policies; provided that if the lender determines that such amounts are not be sufficient, the borrower will be required to make a payment equal to the amount determined by the lender to pay the insurance premium, within five days of the lender’s request.
   
  With respect to Loan No. 10, 600 Vine, the borrower is also required to escrow monthly $36,181 into TI/LC reserve (the “Required Deposit”) and $24,121 into TI/LC reserve (the “Regular Deposit”, together with the Required Deposit, the “Ongoing TI/LC Reserve”). The Ongoing TI/LC Reserve, together with $4,500,000 upfront TI/LC reserve, is subject to a reserve cap in an amount of $3,000,000 and a reserve floor in an amount of $1,000,000. As a result, at the origination of the 600 Vine Mortgage Loan, no monthly Ongoing TI/LC Reserve is required to be deposited. In addition, on each payment date through and including the payment date occurring in September, 2020, the applicable amount ranging from $62,885 to $87,450 as described in the 600 Vine Whole Loan documents (the “Special TI/LC Reserve”) is required to be deposited. The collection of Special TI/LC Reserve is not subject to the cap or floor.
   
  With respect to Loan No. 11, 300 Montgomery, during the Cash Management Period, as defined in the loan agreement, the borrower is required to pay lender on each payment date, (i) an amount initially equal to $3,857 of capital expense reserve and (iv) an amount equal to $16,070 of TI/LC reserve.
   
  With respect to Loan No. 16, Rockside Office Portfolio, with respect to the tax reserve, monthly deposits are waived as long as there is no transfer or assumption of the loan. With respect to the insurance reserve, monthly deposits are waived as long as (i) there is no transfer or assumption of the loan and (ii) a blanket insurance policy providing coverage for the mortgaged property is in place.  With respect to the TI/LC reserve, monthly deposits of the leasing reserve are waived as long as there is no transfer or assumption of the loan.
   
  With respect to Loan No. 18, 701 East 22nd Street, with respect to the insurance reserve, monthly payments are waived as long as a blanket insurance policy is in place. With respect to the TI/LC reserve, monthly payments are not required unless the balance of the reserve falls below at $450,000. Upon the TI/LC reserve balance falling below $450,000 monthly deposits of $14,508 monthly will be required.
   
  With respect to Loan No. 19, 237 East Fordham Road, the monthly TI/LC reserve deposit in an amount equal to $3,000 will commence on the payment date occurring in December 2021 and continue on each payment date thereafter.
   
  With respect to Loan No. 27, Southern Woods, with respect to the replacement reserve, monthly reserve payments are waived unless the balance in the account falls below $100,000. Upon falling below the cap, monthly reserve payments of $2,167 will commence.
   
(22) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related loan documents.

 

 

 

(23) Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents.
   
(24) With respect to Loan No. 3, Yorkshire & Lexington Towers, a Holdback Reserve in the amount of $4,102,064 was escrowed at origination. As of October 24, 2017, one disbursement in the amount of $1,540,192 was made to the borrower from the Holdback Reserve account. If no event of default exists, then at any time the amounts in the Holdback Reserve account exceed an amount equal to five times the difference of (x) $38,000,000 and (y) gross income from operations of the Mortgaged Properties (the “Threshold Amount”), then all amounts on deposit in the Holdback Reserve account in excess of the Threshold Amount will be (i) during the continuation of a cash management trigger event, transferred to the cash management account, or (ii) in the absence of a cash management trigger event, returned to the borrower. Upon the full repayment of the Yorkshire & Lexington Towers Whole Loan or a defeasance in full, the reserve will be applied first to the Mezzanine A Loan, then, if the Mezzanine A Loan has been repaid in full, to the Mezzanine B Loan, and finally, if both Mezzanine loans have been repaid in full, to the borrower.
   
(25) With regards to Loan No. 1, Park Center Phase I, the borrower obtained environmental insurance for the property with an annual premium of $6,020.
   
  With regards to Loan No. 4, Westin Times Square Fee, the borrower has environmental liability coverage through January 1, 2020.
   
(26) Certain of the mortgage loans permit direct or indirect owners in the borrower to incur future mezzanine financing.

 

Loan No. Mortgage Loan Mortgage Loan Cut-off Date Balance % of Initial Outstanding
Pool Balance
Intercreditor Agreement Combined Minimum DSCR Combined Maximum LTV Combined Debt Yield
7 The Standard Highline-NYC $45,000,000 5.30% Yes 1.50x 75% NAP
11 300 Montgomery $66,000,000 3.50% Yes 1.50x 80% NAP

 

(27) Other Items:
   
  With respect to Loan No. 7, The Standard Highline NYC, the borrower, GC SHL, LLC, is the sole party liable for any breach or violation of the non-recourse carveout provisions in the loan documents.
   
  With respect to Loan No. 10, 600 Vine, the 600 Vine Whole Loan amortizes based on a non-standard amortization schedule as set forth on Annex G to the preliminary prospectus and the UW NOI DSCR (P&I), UW NOI DSCR (IO), UW NCF DSCR (P&I) and UW NCF DSCR (IO) are calculated based on the aggregate of the twelve-month debt service payments commencing October 2026. Based on the aggregate of the twelve-month debt service payments commencing November 2017, the UW NCF DSCR is 2.04x and based on the average debt service over the remaining term of the loan, the UW NCF DSCR is 1.61x. Additionally, the 600 Vine total debt amortizes based on a non-standard amortization schedule as set forth on Annex G to the preliminary prospectus and the Total Debt UW NCF DSCR is calculated based on the aggregate of the twelve-month debt service payments commencing October 2026.
   
  With respect to Loan No. 13, 333 North Bedford, the tenants, Grand Prix New York Racing, LLC, Safe Havens Partners, LLC and Safe Haven Auto Storage, LLC occupying 267,973 SF, representing 43.8% of the net rentable SF, are related to the sponsor.
   
  With respect to Loan No. 15, Totowa Commerce Center, Original Balance, Cut-off Date Balance and Maturity/ARD Balance are allocated to the underlying Mortgaged Properties based on UW NOI.