FWP 1 n1763-x5_anxa1.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-227081-03
     

 

     
 

 

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 The information will be superseded by similar information delivered to you as part of the offering document relating to the Commercial Mortgage Pass-Through Certificates, Series CSAIL 2019-C17 (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. 333-227081) 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.

 

 
     

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                  
AND MORTGAGED PROPERTIES                  
                             
Loan ID Footnotes Flag Deal Name % of Initial
Pool Balance
Mortgage Loan Originator Mortgage
Loan Seller(1)
Credit Assessment (Fitch/KBRA/S&P) Original
Balance(2)
Cut-off Date
Balance(2)(3)
Maturity/ARD
Balance(2)
Cut-off Date
Balance per SF/
Units/Rooms
Loan Purpose Sponsor Non-Recourse Carveout Guarantor
1   Loan Selig Office Portfolio 9.4% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $75,000,000 $75,000,000 $75,000,000 $335.23      Refinance Martin Selig; Selig Family Holdings, LLC Martin Selig; Selig Family Holdings, LLC
1.01   Property 4th & Battery         $31,134,796 $31,134,796 $31,134,796 $335.23           
1.02   Property 333 Elliott         $30,227,500 $30,227,500 $30,227,500 $335.23           
1.03   Property 3rd & Battery         $13,637,704 $13,637,704 $13,637,704 $335.23           
2   Loan Farmers Insurance 7.5% Column Financial, Inc. Column   $60,000,000 $60,000,000 $54,023,530 $135.10      Acquisition LCN North American Fund III REIT LCN North American Fund III REIT
3   Loan Renaissance Plano 5.6% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $45,000,000 $44,891,320 $36,326,430 $295,337.63      Refinance Daniel S. Moon; Samuel S. Moon; Daniel S. Moon Investment Trust U/A/D 5/20/2003; Samuel S. Moon Investment Trust U/A/D 5/20/2003 Daniel S. Moon; Samuel S. Moon; Daniel S. Moon Investment Trust U/A/D 5/20/2003; Samuel S. Moon Investment Trust U/A/D 5/20/2003
4   Loan Arbor Multifamily Portfolio 5.2% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $42,000,000 $42,000,000 $36,034,518 $48,723.90      Refinance Arbor Realty SR, Inc. Arbor Realty SR, Inc.
4.01   Property Marsh Landing         $5,475,000 $5,475,000 $4,697,357 $48,723.90           
4.02   Property Laurel Glen         $5,444,904 $5,444,904 $4,671,535 $48,723.90           
4.03   Property Kings Colony         $5,041,854 $5,041,854 $4,325,733 $48,723.90           
4.04   Property Northridge         $4,125,000 $4,125,000 $3,539,104 $48,723.90           
4.05   Property Morgan Trace         $3,729,030 $3,729,030 $3,199,376 $48,723.90           
4.06   Property Glenwood Village         $3,675,000 $3,675,000 $3,153,020 $48,723.90           
4.07   Property Westway         $3,379,680 $3,379,680 $2,899,646 $48,723.90           
4.08   Property Willow Run         $3,254,532 $3,254,532 $2,792,274 $48,723.90           
4.09   Property Greenbriar Glen         $3,000,000 $3,000,000 $2,573,894 $48,723.90           
4.10   Property Forest Village         $3,000,000 $3,000,000 $2,573,894 $48,723.90           
4.11   Property Whisperwood         $1,875,000 $1,875,000 $1,608,684 $48,723.90           
5 (23) Loan APX Morristown 5.0% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $40,000,000 $40,000,000 $35,010,674 $135.60      Refinance Fawkes Investments, L.P.  Keystone Tristate Opportunity Fund, LP; Keystone Tristate Opportunity Parallel Fund , LP; Fawkes Investments, L.P.
6   Loan Wilmington Self Storage Portfolio 4.1% Societe Generale Financial Corporation SGFC   $33,000,000 $33,000,000 $30,344,195 $10,178.90      Acquisition Prime Storage Fund II GP, LLC; Prime Storage Fund II, LP; Robert Moser Prime Storage Fund II, LP; Prime Storage Fund II GP, LLC
6.01   Property 5044 Carolina Beach         $19,200,000 $19,200,000 $17,654,805 $10,178.90           
6.02   Property 23rd Street         $6,800,000 $6,800,000 $6,252,743 $10,178.90           
6.03   Property Mt. Misery         $4,600,000 $4,600,000 $4,229,797 $10,178.90           
6.04   Property 5800 Carolina Beach         $2,400,000 $2,400,000 $2,206,851 $10,178.90           
7   Loan Grand Canal Shoppes 3.7% Morgan Stanley Bank, N.A.; Wells Fargo Bank, N.A.; JPMorgan Chase Bank, National Association; Goldman Sachs Bank USA UBS AG BBB-sf / A-(sf) / BBB(sf) $30,000,000 $30,000,000 $30,000,000 $1,000.14      Refinance Brookfield Properties REIT Inc.; Nuveen Real Estate BPR Nimbus LLC
8 (24) Loan BMO Harris Office Portfolio 3.5% Societe Generale Financial Corporation SGFC   $27,950,000 $27,950,000 $25,317,598 $134.03      Acquisition Pietro V. Scola; Joseph L. Fox Pietro V. Scola; Joseph L. Fox
8.01   Property 395 and 401 North Executive Drive         $20,398,000 $20,398,000 $18,476,865 $134.03           
8.02   Property 180 North Executive Drive         $7,552,000 $7,552,000 $6,840,734 $134.03           
9   Loan Westpark Club 3.4% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $27,000,000 $27,000,000 $27,000,000 $110,655.74      Refinance Andrew Schwarz Andrew Schwarz; Larry B. Rabin; Jonathan D. Fawer; Richard F. Weber, Jr.
10   Loan Marriott Fort Collins 3.2% Societe Generale Financial Corporation SGFC   $26,000,000 $26,000,000 $23,554,821 $113,537.12      Refinance Mark Schlossberg; Cary Mack Southwest Value Partners Fund XV, LP
11   Loan The Forum at Grandview 3.0% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $24,240,000 $24,240,000 $21,228,415 $112.15      Acquisition J. Charles Hendon, JR. J. Charles Hendon, JR.
12   Loan 1200 Lakes Drive 3.0% UBS AG UBS AG   $23,750,000 $23,750,000 $19,056,496 $247.83      Refinance Leon Melohn Leon Melohn
13   Loan South 400 2.8% Column Financial, Inc. Column   $22,550,000 $22,550,000 $22,550,000 $107,894.74      Acquisition Michel D. Hibbert; R. Laurence Keene; Genevieve Keene Michel D. Hibbert; R. Laurence Keene; Genevieve Keene
14   Loan Heights at McArthur 2.8% Bayview Commercial Mortgage Finance, LLC Column   $22,500,000 $22,500,000 $19,510,319 $78,125.00      Refinance Jeffrey L. Byrd; Connell Radcliff; Randall Bosse; William E. Peebles Jeffrey L. Byrd; Connell Radcliff; Randall Bosse; William E. Peebles
15   Loan The Glass House 2.6% Societe Generale Financial Corporation SGFC   $20,500,000 $20,500,000 $20,500,000 $401,960.78      Refinance Theodore M. Weinberg Theodore M. Weinberg
16   Loan Marriott Lake George 2.6% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $20,500,000 $20,500,000 $20,500,000 $172,268.91      Refinance David J. Kenny David J. Kenny
17   Loan Bison Portfolio 2.5% Societe Generale Financial Corporation SGFC   $20,400,000 $20,400,000 $18,609,199 $100.53      Refinance Adam Ifshin Adam Ifshin
17.01   Property Spring Creek         $15,968,100 $15,968,100 $14,566,350 $100.53           
17.02   Property Steele Crossing         $4,431,900 $4,431,900 $4,042,848 $100.53           
18   Loan Great Wolf Lodge Southern California 2.5% Wells Fargo Bank, National Association Column   $20,000,000 $20,000,000 $20,000,000 $248,756.22      Refinance McWhinney Real Estate Services, Inc.; Chad McWhinney; Troy McWhinney; Great Wolf Resorts, Inc. McWhinney Holding Company, LLLP
19   Loan Hilton Garden Inn Waverly 2.5% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $20,000,000 $19,953,083 $16,140,615 $141,511.23      Refinance Nikhil Patel; Amar Patel Nikhil Patel; Amar Patel
20   Loan ExchangeRight Net Leased Portfolio 28 2.5% Societe Generale Financial Corporation SGFC   $19,943,000 $19,943,000 $19,943,000 $132.54      Acquisition ExchangeRight Real Estate, LLC; David Fisher; Joshua Ungerecht; Warren Thomas ExchangeRight Real Estate, LLC; David Fisher; Joshua Ungerecht; Warren Thomas
20.01   Property Pick n Save - Oconomowoc, WI         $2,571,821 $2,571,821 $2,571,821 $132.54           
20.02   Property Pick n Save - Wales, WI         $1,991,711 $1,991,711 $1,991,711 $132.54           
20.03   Property Hobby Lobby - Hendersonville, TN         $1,537,292 $1,537,292 $1,537,292 $132.54           
20.04   Property Hobby Lobby - Appleton, WI         $1,359,516 $1,359,516 $1,359,516 $132.54           
20.05   Property Walgreens - Newport News, VA         $1,218,231 $1,218,231 $1,218,231 $132.54           
20.06   Property Walgreens - Aurora, IL         $1,160,220 $1,160,220 $1,160,220 $132.54           
20.07   Property Walgreens - Hammond, IN         $1,160,220 $1,160,220 $1,160,220 $132.54           
20.08   Property Walgreens - North Aurora, IL         $986,187 $986,187 $986,187 $132.54           
20.09   Property Walgreens - Fort Worth, TX         $934,102 $934,102 $934,102 $132.54           
20.10   Property Tractor Supply - Lake Charles, LA         $850,828 $850,828 $850,828 $132.54           
20.11   Property Fresenius Medical Care - West Columbia, SC         $846,150 $846,150 $846,150 $132.54           
20.12   Property Walgreens - Flint, MI         $821,823 $821,823 $821,823 $132.54           
20.13   Property Tractor Supply - Springtown, TX         $792,817 $792,817 $792,817 $132.54           
20.14   Property Walgreens - Orland Park, IL         $773,480 $773,480 $773,480 $132.54           
20.15   Property Walgreens - Peoria, IL         $541,436 $541,436 $541,436 $132.54           
20.16   Property Dollar General - Houston, TX         $367,403 $367,403 $367,403 $132.54           
20.17   Property Dollar General - Soddy Daisy, TN         $362,725 $362,725 $362,725 $132.54           
20.18   Property O’Reilly Auto Parts - Lexington, SC         $314,382 $314,382 $314,382 $132.54           
20.19   Property Dollar General - Mishawaka, IN         $301,595 $301,595 $301,595 $132.54           
20.20   Property Dollar General - Lambertville, MI         $280,387 $280,387 $280,387 $132.54           
20.21   Property Dollar Tree - Beech Island, SC         $262,921 $262,921 $262,921 $132.54           
20.22   Property Dollar General - Youngsville, LA         $261,050 $261,050 $261,050 $132.54           
20.23   Property Dollar General - Battle Creek, MI         $246,703 $246,703 $246,703 $132.54           
21   Loan 14th Street Portfolio 2.2% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $17,900,000 $17,900,000 $17,900,000 $927.75      Refinance Norman Jemal Norman Jemal
21.01   Property 1401 14th Street, Northwest         $8,500,000 $8,500,000 $8,500,000 $927.75           
21.02   Property 2424 18th Street, Northwest         $6,400,000 $6,400,000 $6,400,000 $927.75           
21.03   Property 1522 14 Street, Northwest         $3,000,000 $3,000,000 $3,000,000 $927.75           
22   Loan Jamesbridge Apartments 1.9% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $15,000,000 $15,000,000 $13,151,583 $36,231.88      Refinance Pinchos David Shermano Pinchos David Shermano
23   Loan 3301 Windy Ridge Parkway 1.7% Societe Generale Financial Corporation SGFC   $13,300,000 $13,300,000 $11,260,626 $126.83      Acquisition Jeffrey P. Lopez Jeffrey P. Lopez
24   Loan The Atrium 1.6% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $13,100,000 $13,100,000 $13,100,000 $390.14      Refinance Kamyar Shabani; K. Joseph Shabani Kamyar Shabani; K. Joseph Shabani
25   Loan Walgreens and CVS Portfolio 1.6% UBS AG UBS AG   $12,900,000 $12,900,000 $11,134,184 $230.95      Acquisition Michael A. Stahelin; Leland M. Stahelin Michael A. Stahelin; Leland M. Stahelin
25.01   Property CVS - Parma         $3,931,338 $3,931,338 $3,393,197 $230.95           
25.02   Property Walgreens - Jacksonville         $3,141,147 $3,141,147 $2,711,171 $230.95           
25.03   Property Walgreens - Suwanee         $2,934,023 $2,934,023 $2,532,399 $230.95           
25.04   Property Walgreens - Galesburg         $2,893,492 $2,893,492 $2,497,416 $230.95           
26   Loan Mariner Square 1.6% Column Financial, Inc. Column   $12,850,000 $12,784,232 $11,932,003 $65.99      Acquisition Philip J. Wilson; Leslie G. Callahan, III Philip J. Wilson; Leslie G. Callahan, III
27   Loan Carolina Breeze Apartments 1.5% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $12,000,000 $12,000,000 $10,448,423 $72,727.27      Refinance Nathan P. Friedman; Abraham Lamm Nathan P. Friedman; Abraham Lamm
28   Loan The Mill on Main 1.5% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $11,700,000 $11,700,000 $10,064,674 $177,272.73      Refinance Daniel Elstein Daniel Elstein
29   Loan Desert Marketplace 1.2% Grass River Real Estate Credit Partners REIT LLC 3650 REIT   $10,000,000 $10,000,000 $9,110,324 $169.82      Refinance The Walters Group The Walters Group
30   Loan Blackmore Marketplace 1.2% UBS AG UBS AG   $10,000,000 $10,000,000 $8,435,509 $140.92      Refinance E. Stanley Kroenke E. Stanley Kroenke
31 (25) Loan Windsor Crossing 1.2% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $9,243,000 $9,243,000 $8,051,824 $105,034.09      Refinance David M. Jenkins David M. Jenkins
32   Loan Home 2 Suites El Reno 1.0% Societe Generale Financial Corporation SGFC   $8,400,000 $8,360,858 $5,273,849 $98,363.03      Refinance Kalpana Patel; Shaurin Patel Kalpana N. Patel; Shaurin N. Patel
33   Loan Holiday Inn Express & Suites Crestview South I 10 1.0% Societe Generale Financial Corporation SGFC   $7,725,000 $7,725,000 $5,669,902 $99,038.46      Refinance Dipti R. Parikh; Sujal R. Parikh Dipti R. Parikh
34   Loan Laburnum Square 1.0% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $7,665,000 $7,665,000 $6,976,868 $70.06      Refinance Wheeler Real Estate Investment Trust, Inc. Wheeler Real Estate Investment Trust, Inc.
35   Loan Holiday Inn Express Lakeway Austin NW 0.8% Grass River Real Estate Credit Partners Loan Funding, LLC 3650 REIT   $6,310,000 $6,310,000 $5,057,663 $80,897.44      Acquisition Alfredo Tinajero Fontan Alfredo Tinajero Fontan
36 (26) Loan LA Fitness Douglasville 0.8% Societe Generale Financial Corporation SGFC   $6,150,000 $6,150,000 $5,478,216 $136.67      Acquisition Carl J. Greenwood as trustee of The Greenwood Family Trust dated October 16, 1985; Carl J. Greenwood; James F. Mckenzie as trustee of Mckenzie Living Trust, Established December 16, 2009; James F. Mckenzie Carl J. Greenwood as trustee of The Greenwood Family Trust dated October 16, 1985; Carl J. Greenwood; James F. Mckenzie as trustee of Mckenzie Living Trust, Established December 16, 2009; James F. Mckenzie
37 (27) Loan LA Fitness Coppell 0.8% Societe Generale Financial Corporation SGFC   $6,100,000 $6,100,000 $5,452,360 $148.78      Acquisition Carl J. Greenwood as trustee of The Greenwood Family Trust dated October 16, 1985; Carl J. Greenwood; James F. Mckenzie as trustee of Mckenzie Living Trust, Established December 16, 2009; James F. Mckenzie Carl J. Greenwood as trustee of The Greenwood Family Trust dated October 16, 1985; Carl J. Greenwood; James F. Mckenzie as trustee of Mckenzie Living Trust, Established December 16, 2009; James F. Mckenzie

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                    
AND MORTGAGED PROPERTIES                                
        MORTGAGED PROPERTY CHARACTERISTICS        
Loan ID Footnotes Flag Deal Name No. of
Properties
General Property Type Detailed Property Type Title Type(4)(5) Ground Lease
Initial Lease
Expiration Date(5)
Address City County State Zip Code Year Built Year Renovated Net Rentable Area
SF/Units/
Rooms(5)(6)
Units of
Measure
Occupancy
Rate(7)
Occupancy Rate
As-of Date(7)
Appraised
Value(8)
Appraisal
As-of Date(8)
1   Loan Selig Office Portfolio 3 Office CBD Fee NAP Various Seattle King WA Various Various Various 402,705 Square Feet 98.3% 4/15/2019 $228,700,000 Various
1.01   Property 4th & Battery 1 Office CBD Fee NAP 2401 4th Avenue Seattle King WA 98121 1978 2018 202,130 Square Feet 96.6% 4/15/2019 $90,000,000 5/6/2019
1.02   Property 333 Elliott 1 Office CBD Fee NAP 333 Elliott Avenue West Seattle King WA 98119 2008 N/A 133,472 Square Feet 100.0% 4/15/2019 $97,000,000 9/1/2019
1.03   Property 3rd & Battery 1 Office CBD Fee NAP 2400 3rd Avenue Seattle King WA 98121 2016 N/A 67,103 Square Feet 100.0% 4/15/2019 $41,700,000 5/6/2019
2   Loan Farmers Insurance 1 Office Suburban Fee NAP 5665 North Kraft Lake Drive Southeast, 6300 Old 60th Street Southeast, and 5600 Beechtree Lane Southeast Caledonia Township Kent MI 49316 1990, 1998, 2010 NAP 713,935 Square Feet 100.0% 8/27/2019 $151,200,000 8/6/2019
3   Loan Renaissance Plano 1 Hotel Full Service Fee NAP 6007 Legacy Drive Plano Collin TX 75024 2017 N/A 304 Rooms 73.0% 7/31/2019 $139,400,000 5/9/2019
4   Loan Arbor Multifamily Portfolio 11 Multifamily Garden Fee NAP Various Various Various GA Various Various NAP 862 Units 94.4% 5/31/2019 $58,750,000 Various
4.01   Property Marsh Landing 1 Multifamily Garden Fee NAP 3875 Darien Highway Brunswick Glynn GA 31525 1986 NAP 105 Units 97.1% 5/31/2019 $7,300,000 5/6/2019
4.02   Property Laurel Glen 1 Multifamily Garden Fee NAP 4191 Lake Acworth Drive Acworth Cobb GA 30101 1986 NAP 81 Units 92.6% 5/31/2019 $7,800,000 5/8/2019
4.03   Property Kings Colony 1 Multifamily Garden Fee NAP 1425 Kings George Boulevard Savannah Chatham GA 31419 1987 NAP 89 Units 96.6% 5/31/2019 $7,000,000 5/6/2019
4.04   Property Northridge 1 Multifamily Garden Fee NAP 400 Northside Drive Carrollton Carroll GA 30117 1985 NAP 77 Units 94.8% 5/31/2019 $5,500,000 5/7/2019
4.05   Property Morgan Trace 1 Multifamily Garden Fee NAP 4065 Jonesboro Road Union City Fulton GA 30291 1985 NAP 80 Units 88.8% 5/31/2019 $5,900,000 5/8/2019
4.06   Property Glenwood Village 1 Multifamily Garden Fee NAP 1420 Gray Highway Macon Bibb GA 31211 1986 NAP 80 Units 95.0% 5/31/2019 $4,900,000 5/7/2019
4.07   Property Westway 1 Multifamily Garden Fee NAP 2006 Commercial Drive South Brunswick Glynn GA 31525 1984 NAP 70 Units 91.4% 5/31/2019 $5,200,000 5/6/2019
4.08   Property Willow Run 1 Multifamily Garden Fee NAP 4941 Central Drive Stone Mountain DeKalb GA 30083 1983 NAP 73 Units 94.5% 5/31/2019 $4,600,000 5/8/2019
4.09   Property Greenbriar Glen 1 Multifamily Garden Fee NAP 3030 Continental Colony Parkway Atlanta Fulton GA 30331 1987 NAP 74 Units 93.2% 5/31/2019 $4,000,000 5/8/2019
4.10   Property Forest Village 1 Multifamily Garden Fee NAP 1481 Forest Hill Road Macon Bibb GA 31210 1983 NAP 83 Units 97.6% 5/31/2019 $4,000,000 5/7/2019
4.11   Property Whisperwood 1 Multifamily Garden Fee NAP 1506 East 16th Avenue Cordele Crisp GA 31015 1986 NAP 50 Units 96.0% 5/31/2019 $2,550,000 5/7/2019
5 (23) Loan APX Morristown 1 Office Suburban Fee NAP 412 Mount Kemble Avenue Morristown Morris NJ 07960 1986 2016-2018 486,742 Square Feet 94.0% 6/21/2019 $98,000,000 6/28/2019
6   Loan Wilmington Self Storage Portfolio 4 Self Storage Self Storage Fee NAP Various Various Various NC Various Various Various 3,242 Units 94.3% 7/31/2019 $47,420,000 Various
6.01   Property 5044 Carolina Beach 1 Self Storage Self Storage Fee NAP 5044 Carolina Beach Road Wilmington New Hanover NC 28412 2003 2017 1,786 Units 95.6% 7/31/2019 $27,610,000 4/17/2019
6.02   Property 23rd Street 1 Self Storage Self Storage Fee NAP 2306 North 23rd Street Wilmington New Hanover NC 28401 2007 2013 630 Units 96.0% 7/31/2019 $9,710,000 4/14/2019
6.03   Property Mt. Misery 1 Self Storage Self Storage Fee NAP 1862 Mount Misery Road Northeast Leland Brunswick NC 28451 2009 2017 571 Units 90.4% 7/31/2019 $6,580,000 4/17/2019
6.04   Property 5800 Carolina Beach 1 Self Storage Self Storage Fee NAP 5800 Carolina Beach Road Wilmington New Hanover NC 28412 2006 NAP 255 Units 90.2% 7/31/2019 $3,520,000 4/17/2019
7   Loan Grand Canal Shoppes 1 Retail Specialty Retail Fee & Leasehold 2/28/2064 3327 & 3377 Las Vegas Boulevard South Las Vegas Clark NV 89109 1999 2007 759,891 Square Feet 94.0% 5/31/2019 $1,640,000,000 4/3/2019
8 (24) Loan BMO Harris Office Portfolio 2 Office Suburban Fee NAP Various Brookfield Waukesha WI 53005 Various Various 208,535 Square Feet 100.0% 7/1/2019 $43,700,000 6/26/2019
8.01   Property 395 and 401 North Executive Drive 1 Office Suburban Fee NAP 395 and 401 North Executive Drive Brookfield Waukesha WI 53005 1985 & 2008 2008 145,909 Square Feet 100.0% 7/1/2019 $31,900,000 6/26/2019
8.02   Property 180 North Executive Drive 1 Office Suburban Fee NAP 180 North Executive Drive Brookfield Waukesha WI 53005 1980 NAP 62,626 Square Feet 100.0% 7/1/2019 $11,800,000 6/26/2019
9   Loan Westpark Club 1 Multifamily Garden Fee NAP 150 Westpark Drive Athens Clarke GA 30606 1997, 2018 2018 244 Units 96.7% 8/16/2019 $41,400,000 8/9/2019
10   Loan Marriott Fort Collins 1 Hotel Full Service Fee NAP 350 East Horsetooth Road Fort Collins Larimer CO 80525 1985 2013 229 Rooms 63.7% 8/30/2019 $36,500,000 8/15/2019
11   Loan The Forum at Grandview 1 Retail Anchored Fee NAP 175 Grandview Boulevard Madison Madison MS 39110 2010, 2012, 2016 NAP 216,144 Square Feet 100.0% 7/8/2019 $36,200,000 1/3/2019
12   Loan 1200 Lakes Drive 1 Retail Single Tenant Fee NAP 1200 Lakes Drive West Covina Los Angeles CA 91790 1996 NAP 95,832 Square Feet 100.0% 6/20/2019 $34,600,000 6/27/2019
13   Loan South 400 1 Multifamily Mid Rise Fee NAP 400 South Jennings Avenue Fort Worth Tarrant TX 76104 2017 NAP 209 Units 97.1% 8/5/2019 $37,000,000 7/9/2019
14   Loan Heights at McArthur 1 Multifamily Garden Fee NAP 2523 Mulranny Drive Fayetteville Cumberland NC 28311 2009-2010 NAP 288 Units 96.9% 7/11/2019 $30,850,000 5/23/2019
15   Loan The Glass House 1 Multifamily Mid Rise Fee NAP 250 South Central Avenue Hartsdale Westchester NY 10530 2018 NAP 51 Units 94.1% 7/23/2019 $31,200,000 6/25/2019
16   Loan Marriott Lake George 1 Hotel Select Service Fee NAP 365 Canada Street Lake George Warren NY 12845 2016 NAP 119 Rooms 65.6% 5/31/2019 $34,000,000 5/8/2019
17   Loan Bison Portfolio 2 Retail Anchored Fee NAP Various Fayetteville Washington AR 72703 Various NAP 397,906 Square Feet 97.4% Various $56,600,000 6/9/2019
17.01   Property Spring Creek 1 Retail Anchored Fee NAP 464 East Joyce Boulevard Fayetteville Washington AR 72703 1995 NAP 261,008 Square Feet 96.5% 7/1/2019 $44,300,000 6/9/2019
17.02   Property Steele Crossing 1 Retail Anchored Fee NAP 3533 Shiloh Drive Fayetteville Washington AR 72703 2002 NAP 136,898 Square Feet 99.0% 6/6/2019 $12,300,000 6/9/2019
18   Loan Great Wolf Lodge Southern California 1 Hotel Full Service Fee NAP 12681 Harbor Boulevard Garden Grove Orange CA 92840 2016 NAP 603 Rooms 80.8% 1/31/2019 $302,900,000 11/28/2018
19   Loan Hilton Garden Inn Waverly 1 Hotel Select Service Fee NAP 7415 Waverly Walk Avenue Charlotte Mecklenburg NC 28277 2018 NAP 141 Rooms 78.7% 7/31/2019 $32,000,000 4/1/2019
20   Loan ExchangeRight Net Leased Portfolio 28 23 Various Various Fee NAP Various Various Various Various Various Various Various 482,428 Square Feet 100.0% 7/10/2019 $103,230,500 Various
20.01   Property Pick n Save - Oconomowoc, WI 1 Retail Single Tenant Fee NAP 36903 East Wisconsin Avenue Oconomowoc Waukesha WI 53066 2008 NAP 61,700 Square Feet 100.0% 7/10/2019 $13,300,000 6/19/2019
20.02   Property Pick n Save - Wales, WI 1 Retail Single Tenant Fee NAP 405 North Wales Road Wales Waukesha WI 53183 1997 2018 61,000 Square Feet 100.0% 7/10/2019 $10,300,000 6/19/2019
20.03   Property Hobby Lobby - Hendersonville, TN 1 Retail Single Tenant Fee NAP 261 Indian Lake Boulevard Hendersonville Sumner TN 37075 2015 NAP 55,000 Square Feet 100.0% 7/10/2019 $8,050,000 6/23/2019
20.04   Property Hobby Lobby - Appleton, WI 1 Retail Single Tenant Fee NAP 346 North Casaloma Drive Appleton Outagamie WI 54913 1995 NAP 73,764 Square Feet 100.0% 7/10/2019 $7,030,000 6/19/2019
20.05   Property Walgreens - Newport News, VA 1 Retail Single Tenant Fee NAP 12750 Jefferson Avenue Newport News Newport News City VA 23602 2003 NAP 14,490 Square Feet 100.0% 7/10/2019 $6,300,000 6/7/2019
20.06   Property Walgreens - Aurora, IL 1 Retail Single Tenant Fee NAP 22 North Constitution Drive Aurora Kane IL 60506 2007 NAP 14,820 Square Feet 100.0% 7/10/2019 $6,000,000 6/17/2019
20.07   Property Walgreens - Hammond, IN 1 Retail Single Tenant Fee NAP 7236 Calumet Avenue Hammond Lake IN 46324 2008 NAP 14,550 Square Feet 100.0% 7/10/2019 $6,000,000 6/14/2019
20.08   Property Walgreens - North Aurora, IL 1 Retail Single Tenant Fee NAP 1051 Oak Street North Aurora Kane IL 60542 2005 NAP 14,800 Square Feet 100.0% 7/10/2019 $5,100,000 6/7/2019
20.09   Property Walgreens - Fort Worth, TX 1 Retail Single Tenant Fee NAP 4921 Bryant Irvin Road Fort Worth Tarrant TX 76132 1998 NAP 13,905 Square Feet 100.0% 7/10/2019 $4,830,000 5/17/2019
20.10   Property Tractor Supply - Lake Charles, LA 1 Retail Single Tenant Fee NAP 2751 Power Center Parkway Lake Charles Calcasieu LA 70607 2019 NAP 19,097 Square Feet 100.0% 7/10/2019 $4,400,000 6/19/2019
20.11   Property Fresenius Medical Care - West Columbia, SC 1 Office Medical Fee NAP 1000 Ramblin Road South Congaree Lexington SC 29172 2017 NAP 8,263 Square Feet 100.0% 7/10/2019 $4,375,000 6/20/2019
20.12   Property Walgreens - Flint, MI 1 Retail Single Tenant Fee NAP 5703 South Saginaw Road Flint Genesee MI 48507 1998 NAP 13,905 Square Feet 100.0% 7/10/2019 $4,250,000 6/20/2019
20.13   Property Tractor Supply - Springtown, TX 1 Retail Single Tenant Fee NAP 1087 East Highway 199 Springtown Parker TX 76082 2019 NAP 19,097 Square Feet 100.0% 7/10/2019 $4,100,000 6/14/2019
20.14   Property Walgreens - Orland Park, IL 1 Retail Single Tenant Fee NAP 7960 West 159th Street Orland Park Cook IL 60462 1997 2016 15,120 Square Feet 100.0% 7/10/2019 $4,000,000 6/19/2019
20.15   Property Walgreens - Peoria, IL 1 Retail Single Tenant Fee NAP 2515 North Knoxville Avenue Peoria Peoria IL 61604 1998 NAP 13,500 Square Feet 100.0% 7/10/2019 $2,800,000 6/17/2019
20.16   Property Dollar General - Houston, TX 1 Retail Single Tenant Fee NAP 919 East Airtex Drive Houston Harris TX 77073 2018 NAP 7,489 Square Feet 100.0% 7/10/2019 $1,900,000 6/14/2019
20.17   Property Dollar General - Soddy Daisy, TN 1 Retail Single Tenant Fee NAP 1231 Sequoyah Road Soddy Daisy Hamilton TN 37379 2019 NAP 10,566 Square Feet 100.0% 7/10/2019 $1,875,000 6/23/2019
20.18   Property O’Reilly Auto Parts - Lexington, SC 1 Retail Single Tenant Fee NAP 4266 Augusta Road Lexington Lexington SC 29073 2009 NAP 7,225 Square Feet 100.0% 7/10/2019 $1,625,000 6/17/2019
20.19   Property Dollar General - Mishawaka, IN 1 Retail Single Tenant Fee NAP 1209 East McKinley Avenue Mishawaka Saint Joseph IN 46545 2019 NAP 9,100 Square Feet 100.0% 7/10/2019 $1,560,000 6/14/2019
20.20   Property Dollar General - Lambertville, MI 1 Retail Single Tenant Fee NAP 7385 Summerfield Road Lambertville Monroe MI 48144 2019 NAP 7,489 Square Feet 100.0% 7/10/2019 $1,450,500 4/13/2019
20.21   Property Dollar Tree - Beech Island, SC 1 Retail Single Tenant Fee NAP 4404 Jefferson Davis Highway Clearwater Aiken SC 29842 2018 NAP 9,520 Square Feet 100.0% 7/10/2019 $1,360,000 6/20/2019
20.22   Property Dollar General - Youngsville, LA 1 Retail Single Tenant Fee NAP 2317 East Milton Avenue Youngsville Lafayette LA 70592 2019 NAP 9,002 Square Feet 100.0% 7/10/2019 $1,350,000 6/11/2019
20.23   Property Dollar General - Battle Creek, MI 1 Retail Single Tenant Fee NAP 1013 East Emmett Street Battle Creek Calhoun MI 49014 2018 NAP 9,026 Square Feet 100.0% 7/10/2019 $1,275,000 4/13/2019
21   Loan 14th Street Portfolio 3 Various Various Fee NAP Various Washington District of Columbia DC Various Various NAP 19,294 Square Feet 87.1% 5/1/2019 $28,500,000 Various
21.01   Property 1401 14th Street, Northwest 1 Mixed Use Office/Retail Fee NAP 1401 14th Streeet, Northwest Washington District of Columbia DC 20005 1900 NAP 10,173 Square Feet 75.5% 5/1/2019 $12,700,000 3/12/2019
21.02   Property 2424 18th Street, Northwest 1 Retail Unanchored Fee NAP 2424 18th Street, Northwest Washington District of Columbia DC 20009 1917 NAP 6,406 Square Feet 100.0% 5/1/2019 $10,600,000 4/9/2019
21.03   Property 1522 14 Street, Northwest 1 Retail Unanchored Fee NAP 1522 14 Street, Northwest Washington District of Columbia DC 20005 1920 NAP 2,715 Square Feet 100.0% 5/1/2019 $5,200,000 4/9/2019
22   Loan Jamesbridge Apartments 1 Multifamily Garden Fee & Leasehold NAP 3815 Advantage Way Drive Memphis Shelby TN 38128 1986 2000, 2019 414 Units 96.9% 7/8/2019 $20,400,000 5/10/2019
23   Loan 3301 Windy Ridge Parkway 1 Office Suburban Fee NAP 3301 Windy Ridge Parkway SE Atlanta Cobb GA 30339 1982 2013 104,863 Square Feet 98.1% 7/16/2019 $19,300,000 6/5/2019
24   Loan The Atrium 1 Office Suburban Fee NAP 860 Via De La Paz Pacific Palisades Los Angeles CA 90272 1981 2007 33,578 Square Feet 100.0% 8/14/2019 $21,000,000 3/1/2019
25   Loan Walgreens and CVS Portfolio 4 Retail Single Tenant Various Various Various Various Various Various Various Various NAP 55,856 Square Feet 100.0% 6/1/2019 $19,925,000 Various
25.01   Property CVS - Parma 1 Retail Single Tenant Fee & Leasehold 7/1/2044 2007 Brookpark Road Parma Cuyahoga OH 44109 2000 NAP 10,125 Square Feet 100.0% 6/1/2019 $7,350,000 5/1/2019
25.02   Property Walgreens - Jacksonville 1 Retail Single Tenant Fee NAP 134 West Morton Avenue Jacksonville Morgan IL 62650 2002 NAP 15,051 Square Feet 100.0% 6/1/2019 $4,250,000 5/10/2019
25.03   Property Walgreens - Suwanee 1 Retail Single Tenant Fee NAP 2075 Lawrenceville Suwanee Road Suwanee Gwinnett GA 30024 2000 NAP 15,000 Square Feet 100.0% 6/1/2019 $4,375,000 5/11/2019
25.04   Property Walgreens - Galesburg 1 Retail Single Tenant Fee NAP 844 West Fremont Street Galesburg Knox IL 61401 2002 NAP 15,680 Square Feet 100.0% 6/1/2019 $3,950,000 5/10/2019
26   Loan Mariner Square 1 Retail Anchored Fee NAP 13050 Cortez Boulevard Spring Hill Hernando FL 34613 1988 NAP 193,724 Square Feet 82.7% 6/30/2019 $18,300,000 2/1/2019
27   Loan Carolina Breeze Apartments 1 Multifamily Garden Fee NAP 100-200 Cedar Street Myrtle Beach Horry SC 29577 1970 2017 165 Units 99.4% 4/1/2019 $16,400,000 3/28/2019
28   Loan The Mill on Main 1 Multifamily Garden Fee NAP 401 East South Main Street Waxhaw Union NC 28173 1898, 1940 2017 66 Units 89.4% 5/13/2019 $15,800,000 5/16/2019
29   Loan Desert Marketplace 1 Retail Anchored Fee NAP 8435-8595 West Warm Springs Road Las Vegas Clark NV 89113 2009 NAP 194,319 Square Feet 99.0% 6/30/2019 $49,800,000 7/20/2018
30   Loan Blackmore Marketplace 1 Retail Anchored Fee NAP 5030-5040, 5063, 5091 East 2nd Street and 401-555 Newport Road Casper Natrona WY 82609 2013 NAP 163,926 Square Feet 94.2% 7/11/2019 $34,600,000 8/1/2019
31 (25) Loan Windsor Crossing 1 Multifamily Garden Fee NAP 6660 North Towne Road Windsor Dane WI 53532 2017 NAP 88 Units 98.9% 7/31/2019 $14,400,000 6/7/2019
32   Loan Home 2 Suites El Reno 1 Hotel Extended Stay Fee NAP 1528 Southwest 27th Street El Reno Canadian OK 73036 2017 NAP 85 Rooms 88.7% 6/20/2019 $13,200,000 4/23/2019
33   Loan Holiday Inn Express & Suites Crestview South I 10 1 Hotel Limited Service Fee NAP 125 Cracker Barrel Drive Crestview Okaloosa FL 32536 2009 2019 78 Rooms 82.0% 8/5/2019 $12,300,000 6/27/2019
34   Loan Laburnum Square 1 Retail Anchored Fee NAP 4816 South Laburnum Avenue Richmond Henrico VA 23231 1978 NAP 109,405 Square Feet 97.5% 5/6/2019 $11,700,000 5/7/2019
35   Loan Holiday Inn Express Lakeway Austin NW 1 Hotel Limited Service Fee NAP 15707 Oak Grove Boulevard Lakeway Travis TX 78734 2013 NAP 78 Rooms 65.5% 6/30/2019 $8,000,000 7/15/2019
36 (26) Loan LA Fitness Douglasville 1 Retail Single Tenant Fee NAP 3020 Chapel Hill Road Douglasville Douglas GA 30135 2009 NAP 45,000 Square Feet 100.0% 8/5/2019 $10,600,000 7/30/2019
37 (27) Loan LA Fitness Coppell 1 Retail Single Tenant Fee NAP 250 W. State Highway 121 Coppell Dallas TX 75019 2018 NAP 41,000 Square Feet 100.0% 7/18/2019 $10,750,000 7/8/2019

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                                                    
AND MORTGAGED PROPERTIES                                                        
        MORTGAGE LOAN CHARACTERISTICS                                              
Loan ID Footnotes Flag Deal Name Interest Rate % Admin Fee
Rate %(9)
Net Mortgage Rate % Interest
Accrual  
Basis
Seasoning
(mos.)
ARD
(Yes/No)
Original Term
to Maturity (mos.)
Remaining Term
to Maturity (mos.)
Original
Interest-Only
Period (mos.)
Remaining
Interest-Only
Period (mos.)
Original
Amortization
Term (mos.)
Remaining
Amortization
Term (mos.)
Note Date First
Payment
Date
First P&I Payment
Date (Partial
IO Loans)
Maturity
 Date
ARD Loan
Stated Maturity
Date
Monthly
Debt Service
(P&I)
Monthly
Debt Service
(IO)
Annual Debt
Service
(P&I)
Annual Debt
Service
(IO)
Lockbox Type(10) Cash Management Status Crossed With
Other Loans
Related-Borrower Loans UW NOI
DSCR (P&I)(11)
UW NOI
DSCR (IO)
UW NCF
DSCR (P&I)(11)
UW NCF
DSCR (IO)
Cut-Off Date
LTV Ratio(8)
Maturity Date LTV Ratio(8) Grace Period to
Late Charge
(Days)
Grace Period to Default
(Days)
Due Date Prepayment Provisions
(No. of Payments)(12)(13)
1   Loan Selig Office Portfolio 4.3780% 0.04412% 4.33388% Actual/360 3 No 120 117 120 117 0 0 6/5/2019 7/5/2019 NAP 6/5/2029 6/5/2029 NAP $277,425.35 NAP $3,329,104 Hard In-Place No No NAP 2.03x NAP 1.93x 59.0% 59.0% 0    0    5 L(27), Def(89), O(4)
1.01   Property 4th & Battery                                                   NAP 2.03x NAP 1.93x 59.0% 59.0%        
1.02   Property 333 Elliott                                                   NAP 2.03x NAP 1.93x 59.0% 59.0%        
1.03   Property 3rd & Battery                                                   NAP 2.03x NAP 1.93x 59.0% 59.0%        
2   Loan Farmers Insurance 3.5500% 0.01412% 3.53588% Actual/360 0 No 120 120 60 60 360 360 8/27/2019 10/9/2019 10/9/2024 9/9/2029 9/9/2029 $271,104.25 $179,965.28 $3,253,251 $2,159,583 Hard In-Place No No 1.85x 2.79x 1.82x 2.75x 63.8% 57.4% 0    0    9 L(24), Def(90), O(6)
3   Loan Renaissance Plano 4.4500% 0.04412% 4.40588% Actual/360 2 No 120 118 0 0 360 358 7/2/2019 8/5/2019 NAP 7/5/2029 7/5/2029 $226,673.44 NAP $2,720,081 NAP Soft In-Place No No 2.01x NAP 1.77x NAP 64.4% 52.1% 5 (2 times during loan term, but no more than 1 time in any 366 day period) 0    5 L(35), Def(82), O(3)
4   Loan Arbor Multifamily Portfolio 4.8200% 0.04412% 4.77588% Actual/360 2 No 122 120 24 22 360 360 6/27/2019 8/5/2019 8/5/2021 9/5/2029 9/5/2029 $220,867.47 $171,043.06 $2,650,410 $2,052,517 Soft Springing No No 1.57x 2.02x 1.52x 1.96x 71.5% 61.3% 5 (2 times during loan term, but no more than 1 time in any 366 day period) 0    5 L(26), Def(91), O(5)
4.01   Property Marsh Landing                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.02   Property Laurel Glen                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.03   Property Kings Colony                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.04   Property Northridge                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.05   Property Morgan Trace                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.06   Property Glenwood Village                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.07   Property Westway                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.08   Property Willow Run                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.09   Property Greenbriar Glen                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.10   Property Forest Village                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
4.11   Property Whisperwood                                                   1.57x 2.02x 1.52x 1.96x 71.5% 61.3%        
5 (23) Loan APX Morristown 3.6900% 0.04412% 3.64588% Actual/360 0 No 120 120 60 60 360 360 9/5/2019 10/5/2019 10/5/2024 9/5/2029 9/5/2029 $198,958.43 $125,050.00 $2,387,501 $1,500,600 Hard In-Place No No 1.84x 2.92x 1.62x 2.58x 67.3% 58.9% 0    0    5 L(36), Def(79), O(5)
6   Loan Wilmington Self Storage Portfolio 4.8050% 0.01412% 4.79088% Actual/360 2 No 84 82 24 22 360 360 6/7/2019 8/1/2019 8/1/2021 7/1/2026 7/1/2026 $173,239.32 $133,972.74 $2,078,872 $1,607,673 Springing Springing No No 1.35x 1.75x 1.32x 1.71x 69.6% 64.0% 5    5    1 L(26), Def(54), O(4)
6.01   Property 5044 Carolina Beach                                                   1.35x 1.75x 1.32x 1.71x 69.6% 64.0%        
6.02   Property 23rd Street                                                   1.35x 1.75x 1.32x 1.71x 69.6% 64.0%        
6.03   Property Mt. Misery                                                   1.35x 1.75x 1.32x 1.71x 69.6% 64.0%        
6.04   Property 5800 Carolina Beach                                                   1.35x 1.75x 1.32x 1.71x 69.6% 64.0%        
7   Loan Grand Canal Shoppes 3.7408% 0.01537% 3.72543% Actual/360 2 No 120 118 120 118 0 0 6/3/2019 8/1/2019 NAP 7/1/2029 7/1/2029 NAP $94,818.89 NAP $1,137,827 Hard Springing No No NAP 2.53x NAP 2.46x 46.3% 46.3% 0    0 (1 grace period of 2 business days every 12 month period) 1 L(26), Def(89), O(5)
8 (24) Loan BMO Harris Office Portfolio 3.8900% 0.01412% 3.87588% Actual/360 1 Yes 120 119 60 59 360 360 7/19/2019 9/1/2019 9/1/2024 8/1/2031 8/1/2029 $131,671.19 $91,862.98 $1,580,054 $1,102,356 Hard Springing No No 1.75x 2.51x 1.75x 2.51x 64.0% 57.9% 0    0    1 L(25), Def(91), O(4)
8.01   Property 395 and 401 North Executive Drive                                                   1.75x 2.51x 1.75x 2.51x 64.0% 57.9%        
8.02   Property 180 North Executive Drive                                                   1.75x 2.51x 1.75x 2.51x 64.0% 57.9%        
9   Loan Westpark Club 3.9700% 0.04412% 3.92588% Actual/360 0 No 120 120 120 120 0 0 9/3/2019 10/5/2019 NAP 9/5/2029 9/5/2029 NAP $90,565.63 NAP $1,086,788 NAP NAP No No NAP 1.96x NAP 1.90x 65.2% 65.2% 0    0    5 L(35), Def(82), O(3)
10   Loan Marriott Fort Collins 3.9000% 0.01412% 3.88588% Actual/360 0 No 120 120 60 60 360 360 8/30/2019 10/01/2019 10/1/2024 9/1/2029 9/1/2029 $122,633.73 $85,673.61 $1,471,605 $1,028,083 Springing Springing No No 2.14x 3.07x 1.88x 2.69x 71.2% 64.5% 0    0    1 L(24), Def(92), O(4)
11   Loan The Forum at Grandview 4.6000% 0.04412% 4.55588% Actual/360 1 No 121 120 36 35 360 360 7/15/2019 9/5/2019 9/5/2022 9/5/2029 9/5/2029 $124,264.99 $94,210.56 $1,491,180 $1,130,527 Hard Springing No No 1.65x 2.17x 1.52x 2.00x 67.0% 58.6% 0    0    5 L(35), Def(81), O(5)
12   Loan 1200 Lakes Drive 4.2800% 0.01412% 4.26588% Actual/360 0 No 120 120 0 0 360 360 9/3/2019 10/6/2019 NAP 9/6/2029 9/6/2029 $117,253.22 NAP $1,407,039 NAP Hard Springing No No 1.57x NAP 1.48x NAP 68.6% 55.1% 0    0    6 L(24), Def(92), O(4)
13   Loan South 400 4.1415% 0.01412% 4.12734% Actual/360 0 No 120 120 120 120 0 0 8/9/2019 10/6/2019 NAP 9/6/2029 9/6/2029 NAP $78,905.90 NAP $946,871 Soft In-Place No No NAP 1.96x NAP 1.90x 60.9% 60.9% 0    0    6 L(24), Def(92), O(4)
14   Loan Heights at McArthur 4.1000% 0.01412% 4.08588% Actual/360 0 No 120 120 36 36 360 360 8/16/2019 10/6/2019 10/6/2022 9/6/2029 9/6/2029 $108,719.63 $77,942.71 $1,304,636 $935,313 Springing Springing No No 1.44x 2.01x 1.37x 1.92x 72.9% 63.2% 0    0    6 L(24), Def(92), O(4)
15   Loan The Glass House 3.7866% 0.01412% 3.77247% Actual/360 0 No 120 120 120 120 0 0 8/13/2019 10/01/2019 NAP 9/1/2029 9/1/2029 NAP $65,586.02 NAP $787,032 Soft Springing No No NAP 1.95x NAP 1.94x 65.7% 65.7% 5    5    1 L(24), Def(93), O(3)
16   Loan Marriott Lake George 4.1400% 0.04412% 4.09588% Actual/360 2 No 122 120 122 120 0 0 6/20/2019 8/5/2019 NAP 9/5/2029 9/5/2029 NAP $71,707.29 NAP $860,487 Springing Springing No No NAP 2.95x NAP 2.68x 60.3% 60.3% 0    0    5 L(38), Def(80), O(4)
17   Loan Bison Portfolio 4.3000% 0.01412% 4.28588% Actual/360 0 No 60 60 0 0 360 360 8/14/2019 10/01/2019 NAP 9/1/2024 9/1/2024 $100,953.78 NAP $1,211,445 NAP Hard Springing No No 1.94x NAP 1.82x NAP 70.7% 64.5% 0    0    1 L(24), Def(31), O(5)
17.01   Property Spring Creek                                                   1.94x NAP 1.82x NAP 70.7% 64.5%        
17.02   Property Steele Crossing                                                   1.94x NAP 1.82x NAP 70.7% 64.5%        
18   Loan Great Wolf Lodge Southern California 5.2533% 0.01537% 5.23793% Actual/360 6 No 120 114 120 114 0 0 3/11/2019 4/11/2019 NAP 3/11/2029 3/11/2029 NAP $88,771.04 NAP $1,065,252 Soft Springing No No NAP 2.74x NAP 2.41x 49.5% 49.5% 0    0    11 L(30), Def(83), O(7)
19   Loan Hilton Garden Inn Waverly 4.5800% 0.04412% 4.53588% Actual/360 2 No 122 120 0 0 360 358 6/18/2019 8/5/2019 NAP 9/5/2029 9/5/2029 $102,289.96 NAP $1,227,480 NAP Springing Springing No No 2.13x NAP 1.91x NAP 62.4% 50.4% 0    0    5 L(26), Def(93), O(3)
20   Loan ExchangeRight Net Leased Portfolio 28 4.0320% 0.01412% 4.01788% Actual/360 1 No 120 119 120 119 0 0 7/10/2019 9/1/2019 NAP 8/1/2029 8/1/2029 NAP $67,939.15 NAP $815,270 Hard Springing No No NAP 2.31x NAP 2.25x 61.9% 61.9% 0    0    1 L(25), Def(91), O(4)
20.01   Property Pick n Save - Oconomowoc, WI                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.02   Property Pick n Save - Wales, WI                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.03   Property Hobby Lobby - Hendersonville, TN                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.04   Property Hobby Lobby - Appleton, WI                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.05   Property Walgreens - Newport News, VA                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.06   Property Walgreens - Aurora, IL                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.07   Property Walgreens - Hammond, IN                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.08   Property Walgreens - North Aurora, IL                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.09   Property Walgreens - Fort Worth, TX                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.10   Property Tractor Supply - Lake Charles, LA                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.11   Property Fresenius Medical Care - West Columbia, SC                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.12   Property Walgreens - Flint, MI                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.13   Property Tractor Supply - Springtown, TX                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.14   Property Walgreens - Orland Park, IL                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.15   Property Walgreens - Peoria, IL                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.16   Property Dollar General - Houston, TX                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.17   Property Dollar General - Soddy Daisy, TN                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.18   Property O’Reilly Auto Parts - Lexington, SC                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.19   Property Dollar General - Mishawaka, IN                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.20   Property Dollar General - Lambertville, MI                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.21   Property Dollar Tree - Beech Island, SC                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.22   Property Dollar General - Youngsville, LA                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
20.23   Property Dollar General - Battle Creek, MI                                                   NAP 2.31x NAP 2.25x 61.9% 61.9%        
21   Loan 14th Street Portfolio 4.4500% 0.04412% 4.40588% Actual/360 3 No 123 120 123 120 0 0 5/24/2019 7/5/2019 NAP 9/5/2029 9/5/2029 NAP $67,301.10 NAP $807,613 Hard Springing No No NAP 1.56x NAP 1.54x 62.8% 62.8% 0    0    5 L(39), Def(80), O(4)
21.01   Property 1401 14th Street, Northwest                                                   NAP 1.56x NAP 1.54x 62.8% 62.8%        
21.02   Property 2424 18th Street, Northwest                                                   NAP 1.56x NAP 1.54x 62.8% 62.8%        
21.03   Property 1522 14 Street, Northwest                                                   NAP 1.56x NAP 1.54x 62.8% 62.8%        
22   Loan Jamesbridge Apartments 4.6500% 0.04412% 4.60588% Actual/360 1 No 121 120 36 35 360 360 7/10/2019 9/5/2019 9/5/2022 9/5/2029 9/5/2029 $77,345.52 $58,932.29 $928,146 $707,187 Soft Springing No No 1.50x 1.96x 1.39x 1.82x 73.5% 64.5% 0    0    5 L(35), Def(83), O(3)
23   Loan 3301 Windy Ridge Parkway 4.1800% 0.01412% 4.16588% Actual/360 1 No 120 119 24 23 360 360 7/19/2019 9/1/2019 9/1/2021 8/1/2029 8/1/2029 $64,884.13 $46,971.78 $778,610 $563,661 Springing Springing No No 1.83x 2.53x 1.66x 2.30x 68.9% 58.3% 5    5    1 L(25), Def(91), O(4)
24   Loan The Atrium 4.6800% 0.04412% 4.63588% Actual/360 4 No 120 116 120 116 0 0 4/18/2019 6/5/2019 NAP 5/5/2029 5/5/2029 NAP $51,799.58 NAP $621,595 Springing Springing No No NAP 1.90x NAP 1.86x 62.4% 62.4% 0    0    5 L(28), Def(88), O(4)
25   Loan Walgreens and CVS Portfolio 4.9000% 0.01412% 4.88588% Actual/360 2 No 120 118 24 22 360 360 7/3/2019 8/6/2019 8/6/2021 7/6/2029 7/6/2029 $68,463.75 $53,406.60 $821,565 $640,879 Springing Springing No No 1.38x 1.76x 1.32x 1.69x 64.7% 55.9% 0    0    6 L(12), YM1(104), O(4)
25.01   Property CVS - Parma                                                   1.38x 1.76x 1.32x 1.69x 64.7% 55.9%        
25.02   Property Walgreens - Jacksonville                                                   1.38x 1.76x 1.32x 1.69x 64.7% 55.9%        
25.03   Property Walgreens - Suwanee                                                   1.38x 1.76x 1.32x 1.69x 64.7% 55.9%        
25.04   Property Walgreens - Galesburg                                                   1.38x 1.76x 1.32x 1.69x 64.7% 55.9%        
26   Loan Mariner Square 5.4510% 0.01412% 5.43688% Actual/360 5 No 60 55 0 0 360 355 4/5/2019 5/6/2019 NAP 4/6/2024 4/6/2024 $72,566.33 NAP $870,796 NAP Hard In-Place No No 1.77x NAP 1.51x NAP 69.9% 65.2% 0    0    6 L(35), Def(13), O(12)
27   Loan Carolina Breeze Apartments 5.2500% 0.04412% 5.20588% Actual/360 3 No 120 117 24 21 360 360 5/13/2019 7/5/2019 7/5/2021 6/5/2029 6/5/2029 $66,264.44 $53,229.17 $795,173 $638,750 Springing Springing No No 1.26x 1.56x 1.26x 1.56x 73.2% 63.7% 0    0    5 L(35), Def(82), O(3)
28   Loan The Mill on Main 4.9200% 0.04412% 4.87588% Actual/360 2 No 122 120 24 22 360 360 7/5/2019 8/5/2019 8/5/2021 9/5/2029 9/5/2029 $62,237.33 $48,636.25 $746,848 $583,635 Springing Springing No No 1.27x 1.62x 1.26x 1.61x 74.1% 63.7% 0    0    5 L(38), Def(81), O(3)
29   Loan Desert Marketplace 5.4150% 0.04412% 5.37088% Actual/360 10 No 120 110 48 38 360 360 10/17/2018 12/5/2018 12/5/2022 11/5/2028 11/5/2028 $56,246.75 $45,751.74 $674,961 $549,021 Hard In-Place No No 1.28x 1.57x 1.25x 1.53x 66.3% 60.4% 0    0    5 L(34), Def(82), O(4)
30   Loan Blackmore Marketplace 4.0480% 0.01412% 4.03388% Actual/360 1 No 120 119 24 23 360 360 8/9/2019 9/6/2019 9/6/2021 8/6/2029 8/6/2029 $48,018.67 $34,201.85 $576,224 $410,422 Springing Springing No No 1.67x 2.35x 1.60x 2.25x 66.8% 56.3% 0    0    6 L(12), YM1(104), O(4)
31 (25) Loan Windsor Crossing 4.1776% 0.04412% 4.13348% Actual/360 1 No 120 119 36 35 360 360 7/30/2019 9/5/2019 9/5/2022 8/5/2029 8/5/2029 $44,416.33 $32,624.92 $532,996 $391,499 Soft In-Place No No 1.53x 2.09x 1.51x 2.05x 64.2% 55.9% 0    0    5 L(37), Def(80), O(3)
32   Loan Home 2 Suites El Reno 4.9000% 0.01412% 4.88588% Actual/360 2 No 120 118 0 0 240 238 6/18/2019 8/1/2019 NAP 7/1/2029 7/1/2029 $54,973.30 NAP $659,680 NAP Springing Springing No No 2.18x NAP 2.02x NAP 63.3% 40.0% 5    5    1 L(26), Def(90), O(4)
33   Loan Holiday Inn Express & Suites Crestview South I 10 4.5000% 0.01412% 4.48588% Actual/360 0 No 120 120 0 0 300 300 8/29/2019 10/01/2019 NAP 9/1/2029 9/1/2029 $42,938.06 NAP $515,257 NAP Springing Springing No No 2.63x NAP 2.40x NAP 62.8% 46.1% 0    0    1 L(24), Def(92), O(4)
34   Loan Laburnum Square 4.2800% 0.04412% 4.23588% Actual/360 1 No 121 120 60 59 360 360 8/1/2019 9/5/2019 9/5/2024 9/5/2029 9/5/2029 $37,841.93 $27,718.20 $454,103 $332,618 Hard Springing No No 1.83x 2.49x 1.61x 2.20x 65.5% 59.6% 0    0    5 L(37), Def(81), O(3)
35   Loan Holiday Inn Express Lakeway Austin NW 4.2500% 0.04412% 4.20588% Actual/360 0 No 120 120 0 0 360 360 8/28/2019 10/5/2019 NAP 9/5/2029 9/5/2029 $31,041.41 NAP $372,497 NAP Hard Springing No No 2.14x NAP 1.89x NAP 78.9% 63.2% 0    0    5 L(36), Def(80), O(4)
36 (26) Loan LA Fitness Douglasville 4.2200% 0.06412% 4.15588% Actual/360 0 Yes 120 120 48 48 360 360 8/15/2019 10/1/2019 10/1/2023 8/1/2034 9/1/2029 $30,146.39 $21,927.88 $361,757 $263,135 Springing Springing No Group A 1.69x 2.32x 1.60x 2.19x 58.0% 51.7% 0    0    1 L(60), YM1(56), O(4)
37 (27) Loan LA Fitness Coppell 4.3900% 0.03412% 4.35588% Actual/360 1 Yes 120 119 48 47 360 360 7/16/2019 9/1/2019 9/1/2023 7/1/2034 8/1/2029 $30,510.39 $22,625.78 $366,125 $271,509 Springing Springing No Group A 1.68x 2.27x 1.60x 2.15x 56.7% 50.7% 0    0    1 L(60), YM1(56), O(4)

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                                
AND MORTGAGED PROPERTIES                                        
        MORTGAGED PROPERTY UNDERWRITTEN CASH FLOWS(14)                      
Loan ID Footnotes 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 Revenues UW
Expenses
UW NOI UW NOI
Debt Yield
UW
Capital Items
UW NCF UW NCF
Debt Yield
1   Loan Selig Office Portfolio $13,291,924 $2,771,122 $10,520,802 12/31/2017 7.8% $12,114,998 $3,138,457 $8,976,541 12/31/2018 6.6% $10,399,437 $3,141,851 $7,257,586 T12 6/30/2019 5.4% 95.0% $15,579,453 $3,436,644 $12,142,808 9.0% $605,410 $11,537,398 8.5%
1.01   Property 4th & Battery $5,791,748 $1,695,337 $4,096,411 12/31/2017 7.8% $5,781,742 $1,862,852 $3,918,890 12/31/2018 6.6% $5,668,665 $1,805,595 $3,863,070 T12 6/30/2019 5.4% 95.1% $6,764,749 $1,847,974 $4,916,774 9.0% $303,860 $4,612,914 8.5%
1.02   Property 333 Elliott $5,444,898 $480,562 $4,964,336 12/31/2017 7.8% $3,735,635 $783,575 $2,952,060 12/31/2018 6.6% $2,341,098 $934,294 $1,406,804 T12 6/30/2019 5.4% 95.0% $6,150,639 $936,711 $5,213,929 9.0% $200,744 $5,013,185 8.5%
1.03   Property 3rd & Battery $2,055,278 $595,223 $1,460,055 12/31/2017 7.8% $2,597,621 $492,030 $2,105,591 12/31/2018 6.6% $2,389,674 $401,962 $1,987,712 T12 6/30/2019 5.4% 95.0% $2,664,065 $651,960 $2,012,105 9.0% $100,806 $1,911,299 8.5%
2   Loan Farmers Insurance N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 98.0% $14,054,655 $4,374,313 $9,680,342 10.0% $142,787 $9,537,555 9.9%
3   Loan Renaissance Plano $9,658,115 $8,069,025 $1,589,090 12/31/2017 1.8% $30,738,549 $21,032,033 $9,706,516 12/31/2018 10.8% $32,385,615 $21,571,456 $10,814,158 T12 7/31/2019 12.0% 73.0% $32,385,615 $21,459,721 $10,925,894 12.2% $1,295,425 $9,630,469 10.7%
4   Loan Arbor Multifamily Portfolio $6,477,361 $2,975,342 $3,502,019 12/31/2017 8.3% $6,653,479 $3,186,845 $3,466,634 12/31/2018 8.3% $6,889,333 $3,039,662 $3,849,671 T12 7/31/2019 9.2% 88.2% $7,214,148 $3,058,705 $4,155,443 9.9% $129,292 $4,026,151 9.6%
4.01   Property Marsh Landing $825,061 $326,944 $498,117 12/31/2017 8.3% $874,596 $424,482 $450,114 12/31/2018 8.3% $909,353 $374,047 $535,306 T12 7/31/2019 9.2% 93.0% $967,452 $375,787 $591,665 9.9% $15,749 $575,916 9.6%
4.02   Property Laurel Glen $665,575 $267,266 $398,309 12/31/2017 8.3% $681,693 $270,880 $410,813 12/31/2018 8.3% $709,722 $291,261 $418,461 T12 7/31/2019 9.2% 85.7% $768,060 $291,295 $476,765 9.9% $12,149 $464,616 9.6%
4.03   Property Kings Colony $718,441 $293,726 $424,715 12/31/2017 8.3% $733,547 $293,415 $440,132 12/31/2018 8.3% $751,258 $275,613 $475,645 T12 7/31/2019 9.2% 94.3% $813,408 $277,483 $535,925 9.9% $13,349 $522,576 9.6%
4.04   Property Northridge $601,128 $267,267 $333,861 12/31/2017 8.3% $585,124 $260,762 $324,362 12/31/2018 8.3% $627,452 $254,658 $372,794 T12 7/31/2019 9.2% 88.8% $649,644 $259,150 $390,494 9.9% $11,549 $378,945 9.6%
4.05   Property Morgan Trace $602,480 $261,561 $340,919 12/31/2017 8.3% $600,320 $280,818 $319,502 12/31/2018 8.3% $616,312 $275,802 $340,510 T12 7/31/2019 9.2% 80.7% $686,556 $277,916 $408,640 9.9% $11,999 $396,641 9.6%
4.06   Property Glenwood Village $523,428 $243,779 $279,649 12/31/2017 8.3% $553,082 $244,699 $308,383 12/31/2018 8.3% $562,071 $247,375 $314,696 T12 7/31/2019 9.2% 88.5% $562,464 $250,237 $312,227 9.9% $11,999 $300,228 9.6%
4.07   Property Westway $542,721 $211,545 $331,176 12/31/2017 8.3% $577,112 $238,248 $338,864 12/31/2018 8.3% $581,771 $247,309 $334,462 T12 7/31/2019 9.2% 84.8% $570,516 $247,951 $322,565 9.9% $10,499 $312,065 9.6%
4.08   Property Willow Run $514,614 $274,528 $240,086 12/31/2017 8.3% $518,761 $289,888 $228,873 12/31/2018 8.3% $542,043 $280,661 $261,382 T12 7/31/2019 9.2% 89.6% $571,160 $281,540 $289,620 9.9% $10,949 $278,670 9.6%
4.09   Property Greenbriar Glen $578,102 $362,476 $215,627 12/31/2017 8.3% $593,285 $382,383 $210,902 12/31/2018 8.3% $641,020 $324,933 $316,087 T12 7/31/2019 9.2% 78.9% $608,944 $324,918 $284,026 9.9% $11,099 $272,927 9.6%
4.10   Property Forest Village $560,062 $300,345 $259,717 12/31/2017 8.3% $575,717 $311,452 $264,265 12/31/2018 8.3% $579,778 $285,657 $294,121 T12 7/31/2019 9.2% 92.7% $624,108 $289,726 $334,382 9.9% $12,449 $321,933 9.6%
4.11   Property Whisperwood $345,749 $165,906 $179,843 12/31/2017 8.3% $360,242 $189,818 $170,424 12/31/2018 8.3% $368,553 $182,346 $186,207 T12 7/31/2019 9.2% 92.6% $391,836 $182,702 $209,134 9.9% $7,500 $201,635 9.6%
5 (23) Loan APX Morristown $8,396,321 $4,534,948 $3,861,373 12/31/2017 5.9% $8,732,256 $4,952,347 $3,779,910 12/31/2018 5.7% $8,552,450 $5,316,262 $3,236,189 T12 6/30/2019 4.9% 92.1% $12,280,153 $5,050,147 $7,230,006 11.0% $851,799 $6,378,207 9.7%
6   Loan Wilmington Self Storage Portfolio $3,529,895 $1,259,405 $2,270,490 12/31/2017 6.9% $3,971,697 $1,394,295 $2,577,402 12/31/2018 7.8% $4,109,728 $1,462,497 $2,647,231 T12 4/30/2019 8.0% 94.9% $4,252,321 $1,440,513 $2,811,808 8.5% $59,602 $2,752,206 8.3%
6.01   Property 5044 Carolina Beach $1,954,571 $637,005 $1,317,566 12/31/2017 6.9% $2,262,516 $729,416 $1,533,100 12/31/2018 7.8% $2,344,869 $784,050 $1,560,819 T12 4/30/2019 8.0% 95.9% $2,427,235 $773,370 $1,653,865 8.5% $34,757 $1,619,108 8.3%
6.02   Property 23rd Street $826,929 $332,406 $494,523 12/31/2017 6.9% $849,161 $361,102 $488,059 12/31/2018 7.8% $870,838 $374,515 $496,323 T12 4/30/2019 8.0% 96.5% $906,709 $369,131 $537,578 8.5% $11,495 $526,082 8.3%
6.03   Property Mt. Misery $472,378 $236,192 $236,186 12/31/2017 6.9% $586,549 $250,647 $335,902 12/31/2018 7.8% $619,232 $250,273 $368,959 T12 4/30/2019 8.0% 92.3% $645,854 $245,562 $400,292 8.5% $10,149 $390,143 8.3%
6.04   Property 5800 Carolina Beach $276,017 $53,802 $222,215 12/31/2017 6.9% $273,471 $53,130 $220,341 12/31/2018 7.8% $274,789 $53,660 $221,129 T12 4/30/2019 8.0% 88.6% $272,523 $52,449 $220,074 8.5% $3,201 $216,873 8.3%
7   Loan Grand Canal Shoppes $107,586,327 $33,160,381 $74,425,947 12/31/2017 9.8% $103,110,653 $31,784,180 $71,326,473 12/31/2018 9.4% $102,473,435 $31,007,624 $71,465,811 T12 3/31/2019 9.4% 94.0% $104,029,334 $31,007,624 $73,021,709 9.6% $2,023,806 $70,997,903 9.3%
8 (24) Loan BMO Harris Office Portfolio N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 97.0% $2,817,772 $56,355 $2,761,416 9.9% $0 $2,761,416 9.9%
8.01   Property 395 and 401 North Executive Drive N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 97.0% $2,055,262 $41,105 $2,014,156 9.9% $0 $2,014,156 9.9%
8.02   Property 180 North Executive Drive N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 97.0% $762,510 $15,250 $747,260 9.9% $0 $747,260 9.9%
9   Loan Westpark Club $1,574,957 $763,791 $811,166 12/31/2017 3.0% $2,315,015 $989,173 $1,325,842 12/31/2018 4.9% $3,204,957 $1,132,656 $2,072,300 T12 7/31/2019 7.7% 92.0% $3,315,333 $1,187,424 $2,127,909 7.9% $61,000 $2,066,909 7.7%
10   Loan Marriott Fort Collins $10,291,963 $6,769,953 $3,522,010 12/31/2017 13.5% $9,959,301 $6,689,732 $3,269,569 12/31/2018 12.6% $9,874,243 $6,753,080 $3,121,163 T12 4/30/2019 12.0% 63.7% $9,874,467 $6,718,200 $3,156,266 12.1% $394,979 $2,761,288 10.6%
11   Loan The Forum at Grandview $4,686,220 $1,777,081 $2,909,139 12/31/2017 12.0% $4,590,595 $1,986,035 $2,604,560 12/31/2018 10.7% $4,701,233 $2,100,409 $2,600,823 T12 6/30/2019 10.7% 95.0% $3,877,473 $1,420,687 $2,456,786 10.1% $191,932 $2,264,854 9.3%
12   Loan 1200 Lakes Drive $3,029,376 $0 $3,029,376 12/31/2017 12.8% $3,029,376 $0 $3,029,376 12/31/2018 12.8% $3,029,376 $0 $3,029,376 T12 4/30/2019 12.8% 95.0% $2,280,000 $68,400 $2,211,600 9.3% $127,317 $2,084,283 8.8%
13   Loan South 400 N/A N/A N/A N/A NAP $3,260,292 $1,647,169 $1,613,123 12/31/2018 7.2% $3,367,493 $1,698,323 $1,669,170 T12 6/30/2019 7.4% 97.1% $3,527,071 $1,671,589 $1,855,482 8.2% $52,250 $1,803,232 8.0%
14   Loan Heights at McArthur $3,017,978 $1,204,206 $1,813,772 12/31/2017 8.1% $3,166,871 $1,293,651 $1,873,220 12/31/2018 8.3% $3,220,416 $1,364,342 $1,856,074 T12 6/25/2019 8.2% 92.7% $3,276,137 $1,397,623 $1,878,514 8.3% $86,400 $1,792,114 8.0%
15   Loan The Glass House N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 93.9% $2,104,659 $567,968 $1,536,692 7.5% $10,200 $1,526,492 7.4%
16   Loan Marriott Lake George $5,693,444 $3,678,243 $2,015,201 12/31/2017 9.8% $6,189,227 $3,214,390 $2,974,837 12/31/2018 14.5% $6,225,666 $3,291,727 $2,933,939 T12 5/31/2019 14.3% 65.6% $5,878,277 $3,340,640 $2,537,637 12.4% $235,131 $2,302,506 11.2%
17   Loan Bison Portfolio $5,248,294 $1,122,115 $4,126,178 12/31/2017 10.3% $5,404,901 $1,064,746 $4,340,155 12/31/2018 10.9% $5,422,806 $1,050,720 $4,372,086 T12 5/31/2019 10.9% 94.7% $5,667,127 $1,068,769 $4,598,358 11.5% $278,534 $4,319,823 10.8%
17.01   Property Spring Creek $4,022,483 $828,337 $3,194,146 12/31/2017 10.3% $4,135,848 $778,092 $3,357,756 12/31/2018 10.9% $4,163,779 $759,741 $3,404,038 T12 5/31/2019 10.9% 94.6% $4,438,055 $776,104 $3,661,950 11.5% $182,706 $3,479,245 10.8%
17.02   Property Steele Crossing $1,225,811 $293,778 $932,033 12/31/2017 10.3% $1,269,053 $286,654 $982,399 12/31/2018 10.9% $1,259,027 $290,979 $968,048 T12 5/31/2019 10.9% 95.0% $1,229,072 $292,665 $936,407 11.5% $95,829 $840,578 10.8%
18   Loan Great Wolf Lodge Southern California $73,181,700 $56,397,508 $16,784,192 12/31/2017 11.2% $83,918,394 $62,245,360 $21,673,034 12/31/2018 14.4% $84,732,839 $62,714,987 $22,017,852 T12 1/31/2019 14.7% 80.8% $84,732,839 $62,846,900 $21,885,939 14.6% $2,640,560 $19,245,379 12.8%
19   Loan Hilton Garden Inn Waverly N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP $6,701,571 $3,995,255 $2,706,316 T12 7/31/2019 13.6% 78.7% $6,701,571 $4,085,654 $2,615,917 13.1% $268,063 $2,347,854 11.8%
20   Loan ExchangeRight Net Leased Portfolio 28 N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $6,895,860 $849,078 $6,046,782 9.5% $167,736 $5,879,046 9.2%
20.01   Property Pick n Save - Oconomowoc, WI N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $955,361 $150,872 $804,489 9.5% $6,170 $798,319 9.2%
20.02   Property Pick n Save - Wales, WI N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $727,399 $115,616 $611,783 9.5% $6,100 $605,683 9.2%
20.03   Property Hobby Lobby - Hendersonville, TN N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $636,882 $167,008 $469,873 9.5% $44,000 $425,873 9.2%
20.04   Property Hobby Lobby - Appleton, WI N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $509,705 $109,239 $400,466 9.5% $59,749 $340,717 9.2%
20.05   Property Walgreens - Newport News, VA N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $370,500 $11,115 $359,385 9.5% $0 $359,385 9.2%
20.06   Property Walgreens - Aurora, IL N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $356,250 $10,688 $345,563 9.5% $0 $345,563 9.2%
20.07   Property Walgreens - Hammond, IN N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $356,214 $10,686 $345,527 9.5% $0 $345,527 9.2%
20.08   Property Walgreens - North Aurora, IL N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $308,750 $9,263 $299,487 9.5% $0 $299,487 9.2%
20.09   Property Walgreens - Fort Worth, TX N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $278,350 $8,351 $270,000 9.5% $11,124 $258,876 9.2%
20.10   Property Tractor Supply - Lake Charles, LA N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $254,357 $8,326 $246,031 9.5% $15,278 $230,754 9.2%
20.11   Property Fresenius Medical Care - West Columbia, SC N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $345,492 $84,509 $260,983 9.5% $1,322 $259,661 9.2%
20.12   Property Walgreens - Flint, MI N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $274,036 $8,221 $265,815 9.5% $3,337 $262,478 9.2%
20.13   Property Tractor Supply - Springtown, TX N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $243,199 $7,996 $235,203 9.5% $15,469 $219,735 9.2%
20.14   Property Walgreens - Orland Park, IL N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $238,404 $11,791 $226,613 9.5% $1,512 $225,101 9.2%
20.15   Property Walgreens - Peoria, IL N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $179,706 $9,555 $170,151 9.5% $1,620 $168,531 9.2%
20.16   Property Dollar General - Houston, TX N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $129,209 $22,061 $107,147 9.5% $0 $107,147 9.2%
20.17   Property Dollar General - Soddy Daisy, TN N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $138,724 $28,091 $110,633 9.5% $0 $110,633 9.2%
20.18   Property O’Reilly Auto Parts - Lexington, SC N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $99,875 $2,996 $96,879 9.5% $723 $96,157 9.2%
20.19   Property Dollar General - Mishawaka, IN N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $112,114 $21,563 $90,550 9.5% $0 $90,550 9.2%
20.20   Property Dollar General - Lambertville, MI N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $90,159 $3,329 $86,830 9.5% $0 $86,830 9.2%
20.21   Property Dollar Tree - Beech Island, SC N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $105,171 $18,661 $86,510 9.5% $1,333 $85,177 9.2%
20.22   Property Dollar General - Youngsville, LA N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $90,869 $8,913 $81,956 9.5% $0 $81,956 9.2%
20.23   Property Dollar General - Battle Creek, MI N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $95,135 $20,228 $74,907 9.5% $0 $74,907 9.2%
21   Loan 14th Street Portfolio $815,474 $240,239 $575,235 12/31/2016 3.2% $882,631 $202,690 $679,941 12/31/2017 3.8% $852,566 $232,250 $620,316 12/31/2018 3.5% 93.8% $1,660,448 $403,567 $1,256,880 7.0% $10,653 $1,246,227 7.0%
21.01   Property 1401 14th Street, Northwest $570,766 $156,881 $413,885 12/31/2016 3.2% $558,938 $106,047 $452,891 12/31/2017 3.8% $536,828 $136,989 $399,839 12/31/2018 3.5% 86.5% $778,133 $199,330 $578,803 7.0% -$292 $579,095 7.0%
21.02   Property 2424 18th Street, Northwest $244,708 $83,358 $161,350 12/31/2016 3.2% $323,693 $96,643 $227,050 12/31/2017 3.8% $315,738 $95,261 $220,477 12/31/2018 3.5% 100.0% $487,563 $98,354 $389,209 7.0% $7,687 $381,522 7.0%
21.03   Property 1522 14 Street, Northwest N/A N/A N/A N/A 3.2% N/A N/A N/A N/A 3.8% N/A N/A N/A N/A 3.5% 100.0% $394,752 $105,884 $288,869 7.0% $3,258 $285,611 7.0%
22   Loan Jamesbridge Apartments $2,532,414 $1,461,876 $1,070,538 12/31/2017 7.1% $2,641,645 $1,378,318 $1,263,327 12/31/2018 8.4% $2,837,773 $1,402,275 $1,435,498 T12 5/31/2019 9.6% 87.7% $2,900,374 $1,510,835 $1,389,539 9.3% $103,250 $1,286,289 8.6%
23   Loan 3301 Windy Ridge Parkway $1,973,708 $762,866 $1,210,841 12/31/2017 9.1% $1,976,582 $795,125 $1,181,457 12/31/2018 8.9% $2,140,917 $724,562 $1,416,354 T12 5/31/2019 10.6% 90.0% $2,226,856 $798,560 $1,428,297 10.7% $133,216 $1,295,081 9.7%
24   Loan The Atrium $1,478,740 $419,519 $1,059,221 12/31/2017 8.1% $1,499,419 $435,556 $1,063,864 12/31/2018 8.1% $1,572,689 $490,094 $1,082,595 T12 7/30/2019 8.3% 95.0% $1,643,710 $459,742 $1,183,967 9.0% $30,294 $1,153,674 8.8%
25   Loan Walgreens and CVS Portfolio N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 96.0% $1,170,107 $40,409 $1,129,698 8.8% $45,461 $1,084,237 8.4%
25.01   Property CVS - Parma N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 98.0% $388,729 $12,623 $376,105 8.8% $0 $376,105 8.4%
25.02   Property Walgreens - Jacksonville N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $262,660 $9,310 $253,350 8.8% $15,256 $238,095 8.4%
25.03   Property Walgreens - Suwanee N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $272,151 $9,590 $262,561 8.8% $15,276 $247,285 8.4%
25.04   Property Walgreens - Galesburg N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $246,568 $8,887 $237,681 8.8% $14,930 $222,752 8.4%
26   Loan Mariner Square $2,073,614 $660,876 $1,412,739 12/31/2017 11.1% $2,099,965 $667,164 $1,432,801 12/31/2018 11.2% $2,138,241 $665,923 $1,472,318 T12 3/31/2019 11.5% 81.3% $2,135,277 $594,664 $1,540,613 12.1% $222,022 $1,318,592 10.3%
27   Loan Carolina Breeze Apartments $1,205,969 $553,749 $652,220 12/31/2017 5.4% $1,495,646 $585,623 $910,023 12/31/2018 7.6% $1,531,400 $582,069 $949,331 T12 2/28/2019 7.9% 95.0% $1,568,032 $569,734 $998,298 8.3% $0 $998,298 8.3%
28   Loan The Mill on Main N/A N/A N/A N/A NAP $1,156,916 $314,307 $842,608 12/31/2018 7.2% $1,213,711 $327,241 $886,470 T12 3/31/2019 7.6% 92.7% $1,296,974 $349,978 $946,996 8.1% $7,875 $939,121 8.0%
29   Loan Desert Marketplace $4,358,291 $706,376 $3,651,915 12/31/2016 11.1% $4,328,826 $685,436 $3,643,390 12/31/2017 11.0% $3,349,357 $684,139 $2,665,218 T12 9/30/2018 8.1% 95.8% $3,498,819 $650,634 $2,848,184 8.6% $71,467 $2,776,718 8.4%
30   Loan Blackmore Marketplace $2,204,211 $473,922 $1,730,290 12/31/2017 7.5% $2,468,031 $530,777 $1,937,254 12/31/2018 8.4% $2,284,637 $435,479 $1,849,158 T12 6/30/2019 8.0% 90.7% $2,664,433 $437,332 $2,227,101 9.6% $98,596 $2,128,506 9.2%
31 (25) Loan Windsor Crossing N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP $1,128,128 $334,596 $793,532 T12 7/31/2019 8.6% 95.0% $1,209,719 $391,686 $818,033 8.9% $14,520 $803,513 8.7%
32   Loan Home 2 Suites El Reno N/A N/A N/A N/A NAP $2,656,968 $1,166,629 $1,490,339 12/31/2018 17.8% $2,725,451 $1,221,642 $1,503,809 T12 3/30/2019 18.0% 88.7% $2,725,451 $1,285,212 $1,440,239 17.2% $109,018 $1,331,221 15.9%
33   Loan Holiday Inn Express & Suites Crestview South I 10 $2,363,891 $1,359,470 $1,004,421 12/31/2017 13.0% $2,327,056 $1,589,878 $737,178 12/31/2018 9.5% $2,472,362 $1,608,197 $864,165 T12 5/31/2019 11.2% 82.0% $2,959,623 $1,605,475 $1,354,148 17.5% $118,385 $1,235,763 16.0%
34   Loan Laburnum Square $1,029,138 $252,129 $777,008 12/31/2017 10.1% $1,065,044 $233,296 $831,748 12/31/2018 10.9% $1,074,077 $235,649 $838,428 T12 3/31/2019 10.9% 95.0% $1,067,902 $238,265 $829,637 10.8% $98,512 $731,124 9.5%
35   Loan Holiday Inn Express Lakeway Austin NW $2,207,440 $1,497,874 $709,566 12/31/2017 11.2% $2,292,817 $1,445,260 $847,557 12/31/2018 13.4% $2,348,095 $1,455,945 $892,150 T12 6/30/2019 14.1% 65.5% $2,348,095 $1,549,513 $798,582 12.7% $93,924 $704,658 11.2%
36 (26) Loan LA Fitness Douglasville N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $629,375 $18,881 $610,494 9.9% $33,314 $577,179 9.4%
37 (27) Loan LA Fitness Coppell N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP N/A N/A N/A N/A NAP 95.0% $635,313 $19,059 $616,253 10.1% $31,386 $584,867 9.6%

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                  
AND MORTGAGED PROPERTIES                          
        LARGEST TENANT INFORMATION(15)(16)(17)   2ND LARGEST TENANT INFORMATION(15)(16)(17)   3RD LARGEST TENANT INFORMATION(15)(16)(17)
Loan ID Footnotes 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
1   Loan Selig Office Portfolio Various Various Various Various   Various Various Various Various   Various Various Various Various
1.01   Property 4th & Battery Aptevo Therapeutics, Inc. 4/30/2030 47,399 23.4%   New Engen, Inc. 9/30/2021 35,884 17.8%   Highspot, LLC 8/14/2022 24,262 12.0%
1.02   Property 333 Elliott Outreach Corporation 12/31/2028 84,077 63.0%   Leafly 8/31/2024 49,395 37.0%   NAP NAP NAP NAP
1.03   Property 3rd & Battery Antioch University 11/30/2031 38,228 57.0%   Sound Community Bank 6/30/2029 17,322 25.8%   Zymeworks Biopharmaceuticals 2/28/2022 10,922 16.3%
2   Loan Farmers Insurance Farmers Insurance 8/31/2034 713,935 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
3   Loan Renaissance Plano NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4   Loan Arbor Multifamily Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.01   Property Marsh Landing NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.02   Property Laurel Glen NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.03   Property Kings Colony NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.04   Property Northridge NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.05   Property Morgan Trace NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.06   Property Glenwood Village NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.07   Property Westway NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.08   Property Willow Run NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.09   Property Greenbriar Glen NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.10   Property Forest Village NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
4.11   Property Whisperwood NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
5 (23) Loan APX Morristown Louis Berger Group Inc. 12/31/2026 110,047 22.6%   New York Marine & General Ins 1/31/2022 95,062 19.5%   Lonza America Inc. 5/31/2029 81,822 16.8%
6   Loan Wilmington Self Storage Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
6.01   Property 5044 Carolina Beach NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
6.02   Property 23rd Street NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
6.03   Property Mt. Misery NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
6.04   Property 5800 Carolina Beach NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
7   Loan Grand Canal Shoppes Venetian Casino Resort 34,088 SF (7/31/2025); 8,096 SF (9/30/2033); 1 SF (12/31/2019) 42,185 5.6%   The Venetian Resort (Showroom / Theater) 5/31/2029 38,920 5.1%   Madame Tussaud Las Vegas 28,000 SF (7/31/2024); 235 SF (12/31/2019) 28,235 3.7%
8 (24) Loan BMO Harris Office Portfolio BMO Harris Bank N.A. 7/31/2032 Various Various   NAP NAP NAP NAP   NAP NAP NAP NAP
8.01   Property 395 and 401 North Executive Drive BMO Harris Bank N.A. 7/31/2032 145,909 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
8.02   Property 180 North Executive Drive BMO Harris Bank N.A. 7/31/2032 62,626 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
9   Loan Westpark Club NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
10   Loan Marriott Fort Collins NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
11   Loan The Forum at Grandview Dick’s Sporting Goods 1/31/2026 49,994 23.1%   Best Buy 1/31/2021 30,000 13.9%   Stein Mart 11/30/2025 30,000 13.9%
12   Loan 1200 Lakes Drive Edwards Theatres 7/31/2030 95,832 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
13   Loan South 400 NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
14   Loan Heights at McArthur NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
15   Loan The Glass House NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
16   Loan Marriott Lake George NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
17   Loan Bison Portfolio Various 1/31/2022 Various Various   Various Various Various Various   Various Various Various Various
17.01   Property Spring Creek BEST BUY 1/31/2022 50,000 19.2%   BED BATH & BEYOND 11/30/2024 32,000 12.3%   TJ MAXX 1/31/2029 28,000 10.7%
17.02   Property Steele Crossing KOHLS 1/31/2022 86,584 63.2%   PETSMART 1/31/2023 18,949 13.8%   LANE BRYANT 4/30/2022 5,600 4.1%
18   Loan Great Wolf Lodge Southern California NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
19   Loan Hilton Garden Inn Waverly NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
20   Loan ExchangeRight Net Leased Portfolio 28 Various Various Various Various   NAP NAP NAP NAP   NAP NAP NAP NAP
20.01   Property Pick n Save - Oconomowoc, WI Pick n Save 12/31/2029 61,700 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.02   Property Pick n Save - Wales, WI Pick n Save 12/31/2029 61,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.03   Property Hobby Lobby - Hendersonville, TN Hobby Lobby 9/30/2029 55,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.04   Property Hobby Lobby - Appleton, WI Hobby Lobby 6/30/2029 73,764 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.05   Property Walgreens - Newport News, VA Walgreens 8/31/2030 14,490 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.06   Property Walgreens - Aurora, IL Walgreens 9/30/2032 14,820 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.07   Property Walgreens - Hammond, IN Walgreens 8/31/2033 14,550 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.08   Property Walgreens - North Aurora, IL Walgreens 2/28/2030 14,800 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.09   Property Walgreens - Fort Worth, TX Walgreens 11/30/2028 13,905 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.10   Property Tractor Supply - Lake Charles, LA Tractor Supply 5/31/2034 19,097 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.11   Property Fresenius Medical Care - West Columbia, SC Fresenius Medical Care 12/31/2032 8,263 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.12   Property Walgreens - Flint, MI Walgreens 2/28/2029 13,905 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.13   Property Tractor Supply - Springtown, TX Tractor Supply 6/30/2034 19,097 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.14   Property Walgreens - Orland Park, IL Walgreens 1/31/2033 15,120 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.15   Property Walgreens - Peoria, IL Walgreens 8/31/2029 13,500 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.16   Property Dollar General - Houston, TX Dollar General 6/30/2033 7,489 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.17   Property Dollar General - Soddy Daisy, TN Dollar General 5/31/2034 10,566 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.18   Property O’Reilly Auto Parts - Lexington, SC O’Reilly Auto Parts 11/30/2029 7,225 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.19   Property Dollar General - Mishawaka, IN Dollar General 5/31/2034 9,100 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.20   Property Dollar General - Lambertville, MI Dollar General 2/28/2034 7,489 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.21   Property Dollar Tree - Beech Island, SC Dollar Tree 2/28/2029 9,520 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.22   Property Dollar General - Youngsville, LA Dollar General 1/31/2034 9,002 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
20.23   Property Dollar General - Battle Creek, MI Dollar General 1/31/2034 9,026 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
21   Loan 14th Street Portfolio Various Various Various Various   Various Various Various Various   NAP NAP NAP NAP
21.01   Property 1401 14th Street, Northwest JPMorgan Chase Bank 6/30/2034 5,265 51.8%   Fuse Pilates 10/31/2024 2,418 23.8%   NAP NAP NAP NAP
21.02   Property 2424 18th Street, Northwest Wawa 9/30/2034 6,406 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
21.03   Property 1522 14 Street, Northwest Cork & Fork 2/28/2025 1,805 66.5%   The Shade Store 6/30/2028 910 33.5%   NAP NAP NAP NAP
22   Loan Jamesbridge Apartments NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
23   Loan 3301 Windy Ridge Parkway DPR Construction 5/7/2023 47,203 45.0%   Fidelity National Title 12/31/2023 12,018 11.5%   Riverstone Resources 11/30/2021 9,193 8.8%
24   Loan The Atrium Cypress Center 7/31/2023 3,794 11.3%   The Agency 8/31/2020 2,644 7.9%   M&A Accounting Solutions, Inc. 12/31/2023 2,187 6.5%
25   Loan Walgreens and CVS Portfolio Various Various Various Various   NAP NAP NAP NAP   NAP NAP NAP NAP
25.01   Property CVS - Parma CVS 7/31/2039 10,125 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
25.02   Property Walgreens - Jacksonville Walgreens 7/31/2027 15,051 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
25.03   Property Walgreens - Suwanee Walgreens 7/31/2027 15,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
25.04   Property Walgreens - Galesburg Walgreens 7/31/2027 15,680 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
26   Loan Mariner Square Beall’s 4/30/2021 71,261 36.8%   ROSS Dress For Less 1/31/2024 30,483 15.7%   Dollar Tree 4/30/2022 12,000 6.2%
27   Loan Carolina Breeze Apartments NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
28   Loan The Mill on Main NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
29   Loan Desert Marketplace Kroger 6/30/2043 67,925 35.0%   TJ Maxx/HomeGoods 3/31/2024 50,203 25.8%   Rhapsodielle 4/30/2022 17,400 9.0%
30   Loan Blackmore Marketplace Kohl’s 1/31/2032 55,882 34.1%   Marshalls 10/31/2023 24,000 14.6%   Michael’s 7/31/2029 18,362 11.2%
31 (25) Loan Windsor Crossing NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
32   Loan Home 2 Suites El Reno NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
33   Loan Holiday Inn Express & Suites Crestview South I 10 NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
34   Loan Laburnum Square Kroger 10/31/2023 50,301 46.0%   Taylor’s Do-It Center 6/30/2020 10,080 9.2%   Dollar General 1/31/2024 9,960 9.1%
35   Loan Holiday Inn Express Lakeway Austin NW NAP NAP NAP NAP   NAP NAP NAP NAP   NAP NAP NAP NAP
36 (26) Loan LA Fitness Douglasville Fitness International, LLC 8/31/2034 45,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP
37 (27) Loan LA Fitness Coppell Fitness International, LLC 7/31/2034 41,000 100.0%   NAP NAP NAP NAP   NAP NAP NAP NAP

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS  
AND MORTGAGED PROPERTIES            
        4TH LARGEST TENANT INFORMATION(15)(16)(17)   5TH LARGEST TENANT INFORMATION(15)(16)(17)
Loan ID Footnotes Flag Deal Name 4TH LARGEST TENANT INFORMATION(14)(15) 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 Selig Office Portfolio Various Various Various Various   Various Various Various Various
1.01   Property 4th & Battery Smart Technologies, Inc 4/30/2029 18,149 9.0%   LifeSpan Biosciences 5/31/2023 17,916 8.9%
1.02   Property 333 Elliott NAP NAP NAP NAP   NAP NAP NAP NAP
1.03   Property 3rd & Battery NAP NAP NAP NAP   NAP NAP NAP NAP
2   Loan Farmers Insurance NAP NAP NAP NAP   NAP NAP NAP NAP
3   Loan Renaissance Plano NAP NAP NAP NAP   NAP NAP NAP NAP
4   Loan Arbor Multifamily Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP
4.01   Property Marsh Landing NAP NAP NAP NAP   NAP NAP NAP NAP
4.02   Property Laurel Glen NAP NAP NAP NAP   NAP NAP NAP NAP
4.03   Property Kings Colony NAP NAP NAP NAP   NAP NAP NAP NAP
4.04   Property Northridge NAP NAP NAP NAP   NAP NAP NAP NAP
4.05   Property Morgan Trace NAP NAP NAP NAP   NAP NAP NAP NAP
4.06   Property Glenwood Village NAP NAP NAP NAP   NAP NAP NAP NAP
4.07   Property Westway NAP NAP NAP NAP   NAP NAP NAP NAP
4.08   Property Willow Run NAP NAP NAP NAP   NAP NAP NAP NAP
4.09   Property Greenbriar Glen NAP NAP NAP NAP   NAP NAP NAP NAP
4.10   Property Forest Village NAP NAP NAP NAP   NAP NAP NAP NAP
4.11   Property Whisperwood NAP NAP NAP NAP   NAP NAP NAP NAP
5 (23) Loan APX Morristown Jacobs Engineering Group Inc. 3/31/2030 44,005 9.0%   Majesco 7/31/2021 31,030 6.4%
6   Loan Wilmington Self Storage Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP
6.01   Property 5044 Carolina Beach NAP NAP NAP NAP   NAP NAP NAP NAP
6.02   Property 23rd Street NAP NAP NAP NAP   NAP NAP NAP NAP
6.03   Property Mt. Misery NAP NAP NAP NAP   NAP NAP NAP NAP
6.04   Property 5800 Carolina Beach NAP NAP NAP NAP   NAP NAP NAP NAP
7   Loan Grand Canal Shoppes Regis Galerie 15,039 SF (5/31/2025); 8,406 SF (12/31/2020); 4,654 SF (2/29/2020) 28,099 3.7%   TAO NIGHTCLUB 1/31/2025 24,378 3.2%
8 (24) Loan BMO Harris Office Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP
8.01   Property 395 and 401 North Executive Drive NAP NAP NAP NAP   NAP NAP NAP NAP
8.02   Property 180 North Executive Drive NAP NAP NAP NAP   NAP NAP NAP NAP
9   Loan Westpark Club NAP NAP NAP NAP   NAP NAP NAP NAP
10   Loan Marriott Fort Collins NAP NAP NAP NAP   NAP NAP NAP NAP
11   Loan The Forum at Grandview HomeGoods 4/30/2022 25,000 11.6%   Michaels 5/31/2022 21,129 9.8%
12   Loan 1200 Lakes Drive NAP NAP NAP NAP   NAP NAP NAP NAP
13   Loan South 400 NAP NAP NAP NAP   NAP NAP NAP NAP
14   Loan Heights at McArthur NAP NAP NAP NAP   NAP NAP NAP NAP
15   Loan The Glass House NAP NAP NAP NAP   NAP NAP NAP NAP
16   Loan Marriott Lake George NAP NAP NAP NAP   NAP NAP NAP NAP
17   Loan Bison Portfolio Various Various Various Various   Various Various Various Various
17.01   Property Spring Creek OLD NAVY LLC 4/30/2023 20,000 7.7%   JOANN STORES INC 1/31/2021 19,284 7.4%
17.02   Property Steele Crossing SOLA SALON STUDIOS 9/30/2024 4,870 3.6%   ARKANSAS DENTISTRY 12/31/2024 4,200 3.1%
18   Loan Great Wolf Lodge Southern California NAP NAP NAP NAP   NAP NAP NAP NAP
19   Loan Hilton Garden Inn Waverly NAP NAP NAP NAP   NAP NAP NAP NAP
20   Loan ExchangeRight Net Leased Portfolio 28 NAP NAP NAP NAP   NAP NAP NAP NAP
20.01   Property Pick n Save - Oconomowoc, WI NAP NAP NAP NAP   NAP NAP NAP NAP
20.02   Property Pick n Save - Wales, WI NAP NAP NAP NAP   NAP NAP NAP NAP
20.03   Property Hobby Lobby - Hendersonville, TN NAP NAP NAP NAP   NAP NAP NAP NAP
20.04   Property Hobby Lobby - Appleton, WI NAP NAP NAP NAP   NAP NAP NAP NAP
20.05   Property Walgreens - Newport News, VA NAP NAP NAP NAP   NAP NAP NAP NAP
20.06   Property Walgreens - Aurora, IL NAP NAP NAP NAP   NAP NAP NAP NAP
20.07   Property Walgreens - Hammond, IN NAP NAP NAP NAP   NAP NAP NAP NAP
20.08   Property Walgreens - North Aurora, IL NAP NAP NAP NAP   NAP NAP NAP NAP
20.09   Property Walgreens - Fort Worth, TX NAP NAP NAP NAP   NAP NAP NAP NAP
20.10   Property Tractor Supply - Lake Charles, LA NAP NAP NAP NAP   NAP NAP NAP NAP
20.11   Property Fresenius Medical Care - West Columbia, SC NAP NAP NAP NAP   NAP NAP NAP NAP
20.12   Property Walgreens - Flint, MI NAP NAP NAP NAP   NAP NAP NAP NAP
20.13   Property Tractor Supply - Springtown, TX NAP NAP NAP NAP   NAP NAP NAP NAP
20.14   Property Walgreens - Orland Park, IL NAP NAP NAP NAP   NAP NAP NAP NAP
20.15   Property Walgreens - Peoria, IL NAP NAP NAP NAP   NAP NAP NAP NAP
20.16   Property Dollar General - Houston, TX NAP NAP NAP NAP   NAP NAP NAP NAP
20.17   Property Dollar General - Soddy Daisy, TN NAP NAP NAP NAP   NAP NAP NAP NAP
20.18   Property O’Reilly Auto Parts - Lexington, SC NAP NAP NAP NAP   NAP NAP NAP NAP
20.19   Property Dollar General - Mishawaka, IN NAP NAP NAP NAP   NAP NAP NAP NAP
20.20   Property Dollar General - Lambertville, MI NAP NAP NAP NAP   NAP NAP NAP NAP
20.21   Property Dollar Tree - Beech Island, SC NAP NAP NAP NAP   NAP NAP NAP NAP
20.22   Property Dollar General - Youngsville, LA NAP NAP NAP NAP   NAP NAP NAP NAP
20.23   Property Dollar General - Battle Creek, MI NAP NAP NAP NAP   NAP NAP NAP NAP
21   Loan 14th Street Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP
21.01   Property 1401 14th Street, Northwest NAP NAP NAP NAP   NAP NAP NAP NAP
21.02   Property 2424 18th Street, Northwest NAP NAP NAP NAP   NAP NAP NAP NAP
21.03   Property 1522 14 Street, Northwest NAP NAP NAP NAP   NAP NAP NAP NAP
22   Loan Jamesbridge Apartments NAP NAP NAP NAP   NAP NAP NAP NAP
23   Loan 3301 Windy Ridge Parkway Kingdom Advisors 3/31/2030 6,794 6.5%   Insurance Specialty Group 1/31/2023 6,744 6.4%
24   Loan The Atrium Noelle Rox Pilates 2/28/2021 2,083 6.2%   Sprint 7/31/2023 1,800 5.4%
25   Loan Walgreens and CVS Portfolio NAP NAP NAP NAP   NAP NAP NAP NAP
25.01   Property CVS - Parma NAP NAP NAP NAP   NAP NAP NAP NAP
25.02   Property Walgreens - Jacksonville NAP NAP NAP NAP   NAP NAP NAP NAP
25.03   Property Walgreens - Suwanee NAP NAP NAP NAP   NAP NAP NAP NAP
25.04   Property Walgreens - Galesburg NAP NAP NAP NAP   NAP NAP NAP NAP
26   Loan Mariner Square Shoe Carnival 6/30/2023 11,008 5.7%   McDonald’s 12/1/2025 4,847 2.5%
27   Loan Carolina Breeze Apartments NAP NAP NAP NAP   NAP NAP NAP NAP
28   Loan The Mill on Main NAP NAP NAP NAP   NAP NAP NAP NAP
29   Loan Desert Marketplace PetCo 8/31/2024 15,000 7.7%   Walgreens 6/30/2033 14,820 7.6%
30   Loan Blackmore Marketplace PetSmart 1/31/2028 17,868 10.9%   ULTA 7/31/2024 9,992 6.1%
31 (25) Loan Windsor Crossing NAP NAP NAP NAP   NAP NAP NAP NAP
32   Loan Home 2 Suites El Reno NAP NAP NAP NAP   NAP NAP NAP NAP
33   Loan Holiday Inn Express & Suites Crestview South I 10 NAP NAP NAP NAP   NAP NAP NAP NAP
34   Loan Laburnum Square Beauty World 1/31/2029 5,792 5.3%   New Beginnings Family Day 10/31/2020 3,964 3.6%
35   Loan Holiday Inn Express Lakeway Austin NW NAP NAP NAP NAP   NAP NAP NAP NAP
36 (26) Loan LA Fitness Douglasville NAP NAP NAP NAP   NAP NAP NAP NAP
37 (27) Loan LA Fitness Coppell NAP NAP NAP NAP   NAP NAP NAP NAP

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                                
AND MORTGAGED PROPERTIES                                          
        MORTGAGE LOAN RESERVE INFORMATION(18)(19)                                  
Loan ID Footnotes Flag Deal Name Upfront
Replacement
Reserves
Monthly
Replacement
Reserves
Replacement
Reserve Cap(20)
Upfront TI/LC
 Reserves
Monthly TI/LC
Reserves
TI/LC
Reserve Cap(20)
Upfront Tax
 Reserves
Monthly Tax
 Reserves
Upfront
Insurance Reserves
Monthly
Insurance
Reserves
Upfront
Deferred Maint.
Reserve
Upfront Debt Service Reserves Monthly Debt Service Reserves Upfront Environmental Reserves Initial Other
Reserves
Initial Other Reserves Description Ongoing Other Reserves Ongoing Other Reserves Description Other Reserves Cap(20) Holdback(21) Holdback Amount(21) Holdback Description(21) Letter of Credit Letter of Credit Description
1   Loan Selig Office Portfolio $0 $8,390 NAP $2,000,000 $58,728 NAP $0 $97,436 $0 $6,223 $0 $0 $0 $0 $8,620,949 Outstanding TI/LC Reserve ($6,410,568); Free Rent Reserve ($1,592,943); Leafly Rent Replication Reserve ($617,438) Leafly Rent Replication Reserve Leafly Rent Reserve: On each payment date, the borrower is required to deposit the monthly rental amount due under the Leafly lease.  If amounts on deposit falls below the anticipated Leafly rental amounts for the next three months, the borrower is required to deposit an amount necessary to cause the funds on deposit to equal the anticipated three months. NAP No NAP NAP No NAP
1.01   Property 4th & Battery                                                
1.02   Property 333 Elliott                                                
1.03   Property 3rd & Battery                                                
2   Loan Farmers Insurance $0 Springing NAP $0 Springing NAP $0 Springing $0 Springing $0 $289,294 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
3   Loan Renaissance Plano $0 Springing NAP $0 $0 NAP $0 Springing $50,000 Springing $0 $0 $0 $0 $200,000 Restaurant Reserve PIP Reserve (Springing) PIP Reserve: During a PIP Period, all excess cash flow is required to be deposited NAP No NAP NAP No NAP
4   Loan Arbor Multifamily Portfolio $1,000,000 $31,398 (8/5/2019-7/5/2021); $19,077 (8/5/2021-7/5/2029) NAP $0 $0 NAP $180,336 $26,990 $0 Springing $135,393 $0 $0 $22,500 $0 NAP $0 NAP NAP No NAP NAP No NAP
4.01   Property Marsh Landing                                                
4.02   Property Laurel Glen                                                
4.03   Property Kings Colony                                                
4.04   Property Northridge                                                
4.05   Property Morgan Trace                                                
4.06   Property Glenwood Village                                                
4.07   Property Westway                                                
4.08   Property Willow Run                                                
4.09   Property Greenbriar Glen                                                
4.10   Property Forest Village                                                
4.11   Property Whisperwood                                                
5 (23) Loan APX Morristown $0 $10,140 $366,000 $0 $48,343 NAP $273,520 $92,162 $53,734 Springing $55,386 $0 $0 $0 $2,270,343 Free Rent Reserve ($2,041,170); Outstanding TI/LC Reserve ($229,173) $174,367 Additional Leasing Reserve in a monthly amount based on a defined schedule through September 5, 2024; Free rent reserve in a monthly amount of $73,825 through December 5 2019. NAP No NAP NAP No NAP
6   Loan Wilmington Self Storage Portfolio $0 $4,880 NAP $0 $0 NAP $64,211 $8,026 $66,052 $5,504 $106,088 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
6.01   Property 5044 Carolina Beach                                                
6.02   Property 23rd Street                                                
6.03   Property Mt. Misery                                                
6.04   Property 5800 Carolina Beach                                                
7   Loan Grand Canal Shoppes $0 Springing $386,928 $12,309,694 Springing $2,321,544 $0 Springing $0 Springing $0 $0 $0 $0 $1,218,246 Gap Rent Reserve Ground Rent Reserve (Springing) Springing monthly deposit upon (i) an event of default, (ii) the debt yield dropping below 6.5% as of the end of any calendar year. NAP No NAP NAP No NAP
8 (24) Loan BMO Harris Office Portfolio $0 Springing NAP $0 $0 NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
8.01   Property 395 and 401 North Executive Drive                                                
8.02   Property 180 North Executive Drive                                                
9   Loan Westpark Club $0 $5,083 NAP $0 $0 NAP $0 $28,112 $34,920 $5,820 $600 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
10   Loan Marriott Fort Collins $0 $41,144 NAP $0 $0 NAP $123,737 $30,934 $22,753 $5,688 $36,250 $125,000 $0 $0 $7,795,500 PIP Reserve $0 NAP $0 No NAP NAP No NAP
11   Loan The Forum at Grandview $5,223 $5,223 NAP $327,500 $13,500 NAP $484,295 $60,537 $0 Springing $164,871 $0 $0 $0 $0 NAP Outparcel Release Funds (Springing) Outparcel Release Funds: Borrower shall promptly depsosit the Net Sale Proceeds upon the sale of any Outparcel, which shall be an amount equal to the Outparcel Release Price. $2,000,000 No NAP NAP No NAP
12   Loan 1200 Lakes Drive $0 Springing NAP $0 Springing NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
13   Loan South 400 $0 $4,354 NAP $0 $0 NAP $623,537 $77,942 $39,607 $6,601 $0 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
14   Loan Heights at McArthur $0 $6,000 $250,000 $0 $0 NAP $253,856 $28,206 $0 $6,451 $0 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
15   Loan The Glass House $0 $850 NAP $0 $0 NAP $21,667 $21,667 $23,051 $2,561 $0 $0 $0 $0 $0 NAP $0 NAP $0 No NAP NAP No NAP
16   Loan Marriott Lake George $0 $19,607 NAP $0 $0 NAP $106,619 $20,765 $0 Springing $0 $0 $0 $0 $0 NAP PIP Reserve (Springing) Borrower shall deposit 115% of sum required to pay for PIP on the day that any PIP is imposed NAP No NAP NAP No NAP
17   Loan Bison Portfolio $0 $6,632 $250,000 $750,000 $16,579 NAP $355,651 $30,527 $0 Springing $0 $0 $0 $0 $304,055 Outstanding TI/LC Reserve ($294,190); Free Rent Reserve ($9,865.08) $0 NAP $0 No NAP NAP No NAP
17.01   Property Spring Creek                                                
17.02   Property Steele Crossing                                                
18   Loan Great Wolf Lodge Southern California $0 Springing NAP $0 $0 NAP $0 $244,016 $0 Springing $0 $0 $0 $0 $2,000,000 Excess FF&E Reserve Amortization Reserve (Springing); Seasonality Reserve (springing) Amortization Reserve (Monthly payment shall commence if (i) DY < 12.0% as of April 1, 2022, (ii) DY < 13.0% as of April 1, 2024, or (iii) DY < 14.0% as of April 1, 2026); Seasonality Reserve (Commencing on June 2019 through August 2019 and, commencing in 2020 and each year thereafter, March through August, upon request of the Lender,  the lesser of (i) $280,000 and (ii) available net cash flow) NAP No NAP NAP No NAP
19   Loan Hilton Garden Inn Waverly $0 1/12th of 4% of Total Revenue NAP $0 $0 NAP $168,918 $21,115 $7,197 Springing $0 $0 $0 $0 $0 Common Charges Reserve Funds Springing During a cash trap event period, the borrower is required to deposit an amount equal to the monthly amount set forth in the annual budget for common charges. NAP No NAP NAP No NAP
20   Loan ExchangeRight Net Leased Portfolio 28 $0 $3,428 NAP $500,000 Springing NAP $240,941 $53,281 $0 Springing $452,830 $0 $0 $112,500 $50,361 Environmental Insurance Reserve $0 NAP NAP No NAP NAP No NAP
20.01   Property Pick n Save - Oconomowoc, WI                                                
20.02   Property Pick n Save - Wales, WI                                                
20.03   Property Hobby Lobby - Hendersonville, TN                                                
20.04   Property Hobby Lobby - Appleton, WI                                                
20.05   Property Walgreens - Newport News, VA                                                
20.06   Property Walgreens - Aurora, IL                                                
20.07   Property Walgreens - Hammond, IN                                                
20.08   Property Walgreens - North Aurora, IL                                                
20.09   Property Walgreens - Fort Worth, TX                                                
20.10   Property Tractor Supply - Lake Charles, LA                                                
20.11   Property Fresenius Medical Care - West Columbia, SC                                                
20.12   Property Walgreens - Flint, MI                                                
20.13   Property Tractor Supply - Springtown, TX                                                
20.14   Property Walgreens - Orland Park, IL                                                
20.15   Property Walgreens - Peoria, IL                                                
20.16   Property Dollar General - Houston, TX                                                
20.17   Property Dollar General - Soddy Daisy, TN                                                
20.18   Property O’Reilly Auto Parts - Lexington, SC                                                
20.19   Property Dollar General - Mishawaka, IN                                                
20.20   Property Dollar General - Lambertville, MI                                                
20.21   Property Dollar Tree - Beech Island, SC                                                
20.22   Property Dollar General - Youngsville, LA                                                
20.23   Property Dollar General - Battle Creek, MI                                                
21   Loan 14th Street Portfolio $322 $322 NAP $125,000 $1,608 NAP $38,592 $12,864 $0 Springing $4,750 $0 $0 $0 $620,716 Free Rent Reserve Lease Sweep Reserve (Springing); Free Rent Reserve (Springing); Common Charge Reserve (Springing) Lease Sweep Reserve: During a cash trap event period due to the continuance of a lease sweep period, all excess cash flow is required to be deposited. Free Rent Reserve: on the monthly payment date prior to the monthly payment date of the final disbursement of the free rent reserve, to extent such tenant has not taken occupancy and has not yet commenced the payment of unabated rent, the lender may require the borrower to deposit three months of unabated rent. Common Charge Reserve: During a cash trap event  period, the borrower is required to deposit an amount equal to the monthly amount set forth in the annual budget for common charges. NAP Yes $2,400,000 To be release upon subject to, among other things: (i) no event of default, (ii) no cash trap event period is continuing, (iii) DY>= 8.0%, (iv) DSCR >= 1.20x.   No NAP
21.01   Property 1401 14th Street, Northwest                                                
21.02   Property 2424 18th Street, Northwest                                                
21.03   Property 1522 14 Street, Northwest                                                
22   Loan Jamesbridge Apartments $0 $8,604 NAP $0 $0 NAP $28,253 $4,602 $9,590 $9,590 $349,164 $0 $0 $0 $0 $0 $0 NAP NAP No NAP NAP No NAP
23   Loan 3301 Windy Ridge Parkway $0 $2,185 NAP $0 $8,917 $325,000 $203,408 $18,492 $3,310 $1,660 $0 $0 $0 $0 $84,925 Kingdom Advisors Free Rent Reserve $0 NAP $0 No NAP NAP No NAP
24   Loan The Atrium $0 $560 NAP $100,000 $2,798 $150,000 $51,834 $12,958 $6,909 $987 $20,719 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
25   Loan Walgreens and CVS Portfolio $0 Springing NAP $0 Springing NAP $0 Springing $4,212 $195 $0 $0 $0 $0 $0 NAP Ground Rent Reserve (Springing) On each Monthly Payment Date when Ground Lessor and Ground Lessee are not Affiliates of each other and under common control of one or more Guarantor, then  Borrower shall deposit with Lender an amount equal to the Ground Rent that will be payable under the Ground Lease for the month immediately following the month in which such Monthly Payment Date occurs. NAP No NAP NAP No NAP
25.01   Property CVS - Parma                                                
25.02   Property Walgreens - Jacksonville                                                
25.03   Property Walgreens - Suwanee                                                
25.04   Property Walgreens - Galesburg                                                
26   Loan Mariner Square $4,036 $4,036 NAP $850,000 $32,287 NAP $159,199 $22,743 $33,305 $6,661 $15,000 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
27   Loan Carolina Breeze Apartments $475,000 $3,438 NAP $0 $0 NAP $28,531 $7,140 $0 $7,018 $25,000 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
28   Loan The Mill on Main $0 $787 NAP $0 $600 NAP $95,971 $8,350 $0 Springing $0 $0 $0 $0 $25,000 Rent Concession Reserve $0 NAP NAP No NAP NAP No NAP
29   Loan Desert Marketplace $0 $3,893 NAP $500,000 $11,680 (12/5/2018-11/5/2022); $6,229 (12/5/2022-11/5/2028) NAP $64,043 $16,011 $6,672 $3,336 $0 $0 $0 $0 $89,912 Free Rent Reserve ($29,912); Smith’s Fuel Center Reserve ($60,000) Lease Sweep Reserve (Springing) Lease Sweep Reserve: During a cash trap event period due to the continuance of a lease sweep period, all excess cash flow is required to be deposited. NAP No NAP NAP No NAP
30   Loan Blackmore Marketplace $0 Springing NAP $0 Springing $491,772 $0 Springing $0 Springing $0 $0 $0 $0 $100,370 Unfunded Tenant Obligations Reserve Funds $0 NAP NAP No NAP NAP No NAP
31 (25) Loan Windsor Crossing $0 $1,210 NAP $0 $0 NAP $28,325 $14,163 $1,795 $1,795 $0 $0 $0 $0 $0 NAP $0 NAP NAP No NAP NAP No NAP
32   Loan Home 2 Suites El Reno $0 $2,271 NAP $0 $0 NAP $55,498 $6,937 $25,684 $3,210 $50,000 $0 $0 $0 $0 NAP $0 NAP $0 No NAP NAP No NAP
33   Loan Holiday Inn Express & Suites Crestview South I 10 $0 $9,865 NAP $0 $0 NAP $45,244 $6,463 $5,662 $2,831 $0 $0 $0 $0 $75,700 Outstanding PIP Reserve $0 NAP $0 No NAP NAP No NAP
34   Loan Laburnum Square $4,194 $4,194 NAP $4,016 $4,016 $200,000 $28,510 $7,128 $0 Springing $187,113 $0 $0 $0 $7,333 Kroger Reserve $7,333 Through and including the Monthly Payment Date in August 2024, Borrower shall deposit $7,333 until Kroger exercises its 2023 renewal or extension option. Commencing on earlier of September 5, 2024 or the Monthly Payment Date occuring after the date on which above conditions are satisfied the borrower willl deposit $5,917 for Qualified Leasing Expenses. NAP No NAP NAP No NAP
35   Loan Holiday Inn Express Lakeway Austin NW $3,913 $3,913 NAP $0 $0 NAP $132,038 $14,671 $27,357 $3,420 $3,125 $0 $0 $0 $1,378,852 PIP Reserve PIP Reserve (Springing) On the date that any PIP is imposed by the franchisor pursuant to the franchise agreement, 115% of the sum required to pay such PIP NAP No NAP NAP No NAP
36 (26) Loan LA Fitness Douglasville $0 $0 NAP $0 $0 NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0 NAP $0 No NAP NAP No NAP
37 (27) Loan LA Fitness Coppell $0 $0 NAP $0 $0 NAP $0 Springing $0 Springing $0 $0 $0 $0 $0 NAP $0 NAP $0 No NAP NAP No NAP

 

 

 

 

ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS                          
AND MORTGAGED PROPERTIES                                  
        THIRD PARTY REPORTS   ADDITIONAL PERMITTED DEBT   TOTAL MORTGAGE DEBT INFORMATION   TOTAL DEBT INFORMATION
Loan ID Footnotes Flag Deal Name Appraisal
Value Date
Environmental
Phase I
Report Date(22)
Phase II Performed(22) 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 Selig Office Portfolio Various 11/1/2018 No 11/1/2018 3 NAP Various   No NAP   $135,000,000 NAP 59.0% 1.93x 9.0%   $15,000,000 65.6% 1.54x 8.1%
1.01   Property 4th & Battery 5/6/2019 6/20/2019 No 6/20/2019 3 6/13/2019 13.0%             59.0% 1.93x 9.0%     65.6% 1.54x 8.1%
1.02   Property 333 Elliott 9/1/2019 6/20/2019 No 6/20/2019 3 6/11/2019 11.0%             59.0% 1.93x 9.0%     65.6% 1.54x 8.1%
1.03   Property 3rd & Battery 5/6/2019 6/20/2019 No 6/20/2019 3 6/13/2019 7.0%             59.0% 1.93x 9.0%     65.6% 1.54x 8.1%
2   Loan Farmers Insurance 8/6/2019 7/25/2019 No 7/25/2019 NAP NAP NAP   No NAP   $96,450,000 NAP 63.8% 1.82x 10.0%   NAP 63.8% 1.82x 10.0%
3   Loan Renaissance Plano 5/9/2019 5/21/2019 No 5/21/2019 NAP NAP NAP   No NAP   $89,782,641 NAP 64.4% 1.77x 12.2%   $14,998,461 75.2% 1.35x 10.4%
4   Loan Arbor Multifamily Portfolio Various 5/15/2019 No 5/15/2019 NAP NAP NAP   No NAP   NAP NAP 71.5% 1.52x 9.9%   NAP 71.5% 1.52x 9.9%
4.01   Property Marsh Landing 5/6/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.02   Property Laurel Glen 5/8/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.03   Property Kings Colony 5/6/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.04   Property Northridge 5/7/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.05   Property Morgan Trace 5/8/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.06   Property Glenwood Village 5/7/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.07   Property Westway 5/6/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.08   Property Willow Run 5/8/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.09   Property Greenbriar Glen 5/8/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.10   Property Forest Village 5/7/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
4.11   Property Whisperwood 5/7/2019 5/15/2019 No 5/15/2019 NAP NAP NAP             71.5% 1.52x 9.9%     71.5% 1.52x 9.9%
5 (23) Loan APX Morristown 6/28/2019 7/12/2019 No 7/12/2019 NAP NAP NAP   No NAP   $66,000,000 NAP 67.3% 1.62x 11.0%   $13,000,000 80.6% 1.22x 9.2%
6   Loan Wilmington Self Storage Portfolio Various 5/29/2019 No 5/29/2019 NAP NAP NAP   No NAP   NAP NAP 69.6% 1.32x 8.5%   NAP 69.6% 1.32x 8.5%
6.01   Property 5044 Carolina Beach 4/17/2019 5/29/2019 No 5/29/2019 NAP NAP NAP             69.6% 1.32x 8.5%     69.6% 1.32x 8.5%
6.02   Property 23rd Street 4/14/2019 5/29/2019 No 5/29/2019 NAP NAP NAP             69.6% 1.32x 8.5%     69.6% 1.32x 8.5%
6.03   Property Mt. Misery 4/17/2019 5/29/2019 No 5/29/2019 NAP NAP NAP             69.6% 1.32x 8.5%     69.6% 1.32x 8.5%
6.04   Property 5800 Carolina Beach 4/17/2019 5/29/2019 No 5/29/2019 NAP NAP NAP             69.6% 1.32x 8.5%     69.6% 1.32x 8.5%
7   Loan Grand Canal Shoppes 4/3/2019 5/15/2019 No 3/18/2019 NAP NAP NAP   No NAP   $760,000,000 $215,000,000 59.5% 1.67x 7.5%   NAP 59.5% 1.67x 7.5%
8 (24) Loan BMO Harris Office Portfolio 6/26/2019 6/26/2019 No 6/25/2019 NAP NAP NAP   No NAP   NAP NAP 64.0% 1.75x 9.9%   NAP 64.0% 1.75x 9.9%
8.01   Property 395 and 401 North Executive Drive 6/26/2019 6/26/2019 No 6/25/2019 NAP NAP NAP             64.0% 1.75x 9.9%     64.0% 1.75x 9.9%
8.02   Property 180 North Executive Drive 6/26/2019 6/26/2019 No 6/25/2019 NAP NAP NAP             64.0% 1.75x 9.9%     64.0% 1.75x 9.9%
9   Loan Westpark Club 8/9/2019 8/13/2019 No 8/14/2019 NAP NAP NAP   No NAP   NAP NAP 65.2% 1.90x 7.9%   NAP 65.2% 1.90x 7.9%
10   Loan Marriott Fort Collins 8/15/2019 8/20/2019 No 8/20/2019 NAP NAP NAP   No NAP   NAP NAP 71.2% 1.88x 12.1%   NAP 71.2% 1.88x 12.1%
11   Loan The Forum at Grandview 1/3/2019 1/25/2019 No 3/12/2019 NAP NAP NAP   No NAP   NAP NAP 67.0% 1.52x 10.1%   NAP 67.0% 1.52x 10.1%
12   Loan 1200 Lakes Drive 6/27/2019 7/11/2019 No 7/11/2019 4 7/10/2019 10.0%   No NAP   NAP NAP 68.6% 1.48x 9.3%   NAP 68.6% 1.48x 9.3%
13   Loan South 400 7/9/2019 8/7/2019 No 7/17/2019 NAP NAP NAP   No NAP   NAP NAP 60.9% 1.90x 8.2%   $3,000,000 69.1% 1.45x 7.3%
14   Loan Heights at McArthur 5/23/2019 6/6/2019 No 6/10/2019 NAP NAP NAP   No NAP   NAP NAP 72.9% 1.37x 8.3%   NAP 72.9% 1.37x 8.3%
15   Loan The Glass House 6/25/2019 7/8/2019 No 7/8/2019 NAP NAP NAP   No NAP   NAP NAP 65.7% 1.94x 7.5%   $2,000,000 72.1% 1.57x 6.8%
16   Loan Marriott Lake George 5/8/2019 5/17/2019 No 5/15/2019 NAP NAP NAP   Yes Member Loans up to $250,000 as long as they are unsecured.   NAP NAP 60.3% 2.68x 12.4%   NAP 60.3% 2.68x 12.4%
17   Loan Bison Portfolio 6/9/2019 6/19/2019 No 6/20/2019 NAP NAP NAP   No NAP   $40,000,000 NAP 70.7% 1.82x 11.5%   NAP 70.7% 1.82x 11.5%
17.01   Property Spring Creek 6/9/2019 6/19/2019 No 6/20/2019 NAP NAP NAP             70.7% 1.82x 11.5%     70.7% 1.82x 11.5%
17.02   Property Steele Crossing 6/9/2019 6/19/2019 No 6/20/2019 NAP NAP NAP             70.7% 1.82x 11.5%     70.7% 1.82x 11.5%
18   Loan Great Wolf Lodge Southern California 11/28/2018 12/6/2018 No 12/6/2018 4 12/6/2018 4.0%   No NAP   $150,000,000 $20,000,000 56.1% 1.89x 12.9%   NAP 56.1% 1.89x 12.9%
19   Loan Hilton Garden Inn Waverly 4/1/2019 4/22/2019 No 4/19/2019 NAP NAP NAP   No NAP   NAP NAP 62.4% 1.91x 13.1%   NAP 62.4% 1.91x 13.1%
20   Loan ExchangeRight Net Leased Portfolio 28 Various Various No Various NAP NAP NAP   No NAP   $63,943,000 NAP 61.9% 2.25x 9.5%   NAP 61.9% 2.25x 9.5%
20.01   Property Pick n Save - Oconomowoc, WI 6/19/2019 6/13/2019 No 6/13/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.02   Property Pick n Save - Wales, WI 6/19/2019 6/21/2019 No 6/21/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.03   Property Hobby Lobby - Hendersonville, TN 6/23/2019 6/13/2019 No 6/13/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.04   Property Hobby Lobby - Appleton, WI 6/19/2019 6/21/2019 No 6/20/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.05   Property Walgreens - Newport News, VA 6/7/2019 3/8/2019 No 3/8/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.06   Property Walgreens - Aurora, IL 6/17/2019 6/24/2019 No 6/24/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.07   Property Walgreens - Hammond, IN 6/14/2019 6/4/2019 No 6/4/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.08   Property Walgreens - North Aurora, IL 6/7/2019 3/21/2019 No 3/21/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.09   Property Walgreens - Fort Worth, TX 5/17/2019 4/1/2019 No 4/1/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.10   Property Tractor Supply - Lake Charles, LA 6/19/2019 5/17/2019 No 5/17/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.11   Property Fresenius Medical Care - West Columbia, SC 6/20/2019 6/20/2019 No 6/20/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.12   Property Walgreens - Flint, MI 6/20/2019 3/1/2019 Yes 3/1/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.13   Property Tractor Supply - Springtown, TX 6/14/2019 6/20/2019 No 6/20/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.14   Property Walgreens - Orland Park, IL 6/19/2019 4/26/2019 No 4/26/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.15   Property Walgreens - Peoria, IL 6/17/2019 3/21/2019 No 3/21/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.16   Property Dollar General - Houston, TX 6/14/2019 4/18/2019 No 4/18/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.17   Property Dollar General - Soddy Daisy, TN 6/23/2019 6/7/2019 No 6/7/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.18   Property O’Reilly Auto Parts - Lexington, SC 6/17/2019 6/26/2019 No 6/26/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.19   Property Dollar General - Mishawaka, IN 6/14/2019 6/19/2019 No 6/19/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.20   Property Dollar General - Lambertville, MI 4/13/2019 4/10/2019 No 4/10/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.21   Property Dollar Tree - Beech Island, SC 6/20/2019 7/9/2019 No 7/10/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.22   Property Dollar General - Youngsville, LA 6/11/2019 3/15/2019 No 3/15/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
20.23   Property Dollar General - Battle Creek, MI 4/13/2019 4/10/2019 No 4/10/2019 NAP NAP NAP             61.9% 2.25x 9.5%     61.9% 2.25x 9.5%
21   Loan 14th Street Portfolio Various Various No Various NAP NAP NAP   No NAP   NAP NAP 62.8% 1.54x 7.0%   NAP 62.8% 1.54x 7.0%
21.01   Property 1401 14th Street, Northwest 3/12/2019 3/8/2019 No 3/6/2019 NAP NAP NAP             62.8% 1.54x 7.0%     62.8% 1.54x 7.0%
21.02   Property 2424 18th Street, Northwest 4/9/2019 4/16/2019 No 4/15/2019 NAP NAP NAP             62.8% 1.54x 7.0%     62.8% 1.54x 7.0%
21.03   Property 1522 14 Street, Northwest 4/9/2019 4/9/2019 No 4/3/2019 NAP NAP NAP             62.8% 1.54x 7.0%     62.8% 1.54x 7.0%
22   Loan Jamesbridge Apartments 5/10/2019 5/14/2019 No 5/17/2019 3 5/14/2019 11.0%   No NAP   NAP NAP 73.5% 1.39x 9.3%   NAP 73.5% 1.39x 9.3%
23   Loan 3301 Windy Ridge Parkway 6/5/2019 6/8/2019 No 6/7/2019 NAP NAP NAP   No NAP   NAP NAP 68.9% 1.66x 10.7%   NAP 68.9% 1.66x 10.7%
24   Loan The Atrium 3/1/2019 3/13/2019 No 3/13/2019 4 3/13/2019 14.0%   No NAP   NAP NAP 62.4% 1.86x 9.0%   NAP 62.4% 1.86x 9.0%
25   Loan Walgreens and CVS Portfolio Various Various No Various NAP NAP NAP   No NAP   NAP NAP 64.7% 1.32x 8.8%   NAP 64.7% 1.32x 8.8%
25.01   Property CVS - Parma 5/1/2019 3/1/2019 No 5/21/2019 NAP NAP NAP             64.7% 1.32x 8.8%     64.7% 1.32x 8.8%
25.02   Property Walgreens - Jacksonville 5/10/2019 5/21/2019 No 5/21/2019 NAP NAP NAP             64.7% 1.32x 8.8%     64.7% 1.32x 8.8%
25.03   Property Walgreens - Suwanee 5/11/2019 5/21/2019 No 5/20/2019 NAP NAP NAP             64.7% 1.32x 8.8%     64.7% 1.32x 8.8%
25.04   Property Walgreens - Galesburg 5/10/2019 5/21/2019 No 5/21/2019 NAP NAP NAP             64.7% 1.32x 8.8%     64.7% 1.32x 8.8%
26   Loan Mariner Square 2/1/2019 2/4/2019 No 2/6/2019 NAP NAP NAP   Yes Mezzanine: Combined Max LTV 75.0%, Combined Min DSCR 1.69x, Debt Yield>11.30%, Rating Agency Confirmation, Intercreditor agreement   NAP NAP 69.9% 1.51x 12.1%   NAP 69.9% 1.51x 12.1%
27   Loan Carolina Breeze Apartments 3/28/2019 4/19/2019 No 4/19/2019 NAP NAP NAP   No NAP   NAP NAP 73.2% 1.26x 8.3%   NAP 73.2% 1.26x 8.3%
28   Loan The Mill on Main 5/16/2019 5/28/2019 No 5/28/2019 NAP NAP NAP   No NAP   NAP NAP 74.1% 1.26x 8.1%   NAP 74.1% 1.26x 8.1%
29   Loan Desert Marketplace 7/20/2018 7/25/2018 No 7/27/2018 NAP NAP NAP   No NAP   $33,000,000 NAP 66.3% 1.25x 8.6%   $3,000,000 72.3% 1.09x 7.9%
30   Loan Blackmore Marketplace 8/1/2019 8/14/2019 No 4/25/2019 NAP NAP NAP   No NAP   $23,100,000 NAP 66.8% 1.60x 9.6%   NAP 66.8% 1.60x 9.6%
31 (25) Loan Windsor Crossing 6/7/2019 6/6/2019 No 6/6/2019 NAP NAP NAP   No NAP   NAP NAP 64.2% 1.51x 8.9%   $1,500,000 74.6% 1.14x 7.6%
32   Loan Home 2 Suites El Reno 4/23/2019 5/3/2019 No 5/3/2019 NAP NAP NAP   No NAP   NAP NAP 63.3% 2.02x 17.2%   NAP 63.3% 2.02x 17.2%
33   Loan Holiday Inn Express & Suites Crestview South I 10 6/27/2019 7/9/2019 No 7/9/2019 NAP NAP NAP   No NAP   NAP NAP 62.8% 2.40x 17.5%   NAP 62.8% 2.40x 17.5%
34   Loan Laburnum Square 5/7/2019 5/28/2019 No 5/28/2019 NAP NAP NAP   No NAP   NAP NAP 65.5% 1.61x 10.8%   NAP 65.5% 1.61x 10.8%
35   Loan Holiday Inn Express Lakeway Austin NW 7/15/2019 7/29/2019 No 7/29/2019 NAP NAP NAP   No NAP   NAP NAP 78.9% 1.89x 12.7%   NAP 78.9% 1.89x 12.7%
36 (26) Loan LA Fitness Douglasville 7/30/2019 8/6/2019 No 8/6/2019 NAP NAP NAP   No NAP   NAP NAP 58.0% 1.60x 9.9%   NAP 58.0% 1.60x 9.9%
37 (27) Loan LA Fitness Coppell 7/8/2019 6/21/2019 No 6/21/2019 NAP NAP NAP   No NAP   NAP NAP 56.7% 1.60x 10.1%   NAP 56.7% 1.60x 10.1%

 

 

 

 

CSAIL 2019-C17

FOOTNOTES TO ANNEX A-1

 

(1) “Column” denotes Column Financial, Inc., “3650 REIT” denotes Grass River Real Estate Credit Partners Loan Funding, LLC, “SGFC” denotes  Societe Generale Financial Corporation and “UBS AG” denotes UBS AG.
   
(2) With respect to any mortgaged property securing a multi property mortgage loan, the amounts listed under the headings Original Balance, Cut-off Date Balance and Maturity/ARD reflect the allocated loan amount related to such mortgaged property.
   
(3) Each of Loan Nos 1, 2, 3, 5, 7, 17, 18, 20, 29 and 30 are part of a whole loan related to the issuing entity. For further information, see “Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “—The Non-Serviced AB Whole Loans” and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”, as applicable, in the prospectus.  
   
(4) Loan No. 3, Renaissance Plano, the mortgaged property is encumbered by a building site restriction agreement with the owner of the adjacent parcel (the “Benefitted Parcel”). Such agreement imposes certain covenants and use restrictions on the mortgaged property, including (i) limiting its use to an upscale hotel (and related uses), (ii) limiting its improvements to those designated on the approved site plan for the construction of the hotel, (iii) granting the Benefitted Parcel approval rights over material remodeling and signage changes and (iv) imposing certain ongoing maintenance obligations. The lender received an estoppel certificate from the owner of the Benefitted Parcel and, among other benefits, has the right to notice and cure of any default under such agreement.
   
  Loan No. 14, Heights at McArthur, the mortgaged property is subject to a land use restriction agreement that requires that the multifamily rental units be “fair market rate rental housing.”  In addition, the land use restriction agreement provides that no units may be used for government-subsidized housing or housing intended for low-income residents.
   
(5) Loan No. 7, Grand Canal Shoppes, a portion of the mortgaged property, consisting of the first floor of Barneys New York and the ground floor space, is ground leased by Venetian Casino Resort, LLC, an affiliate of Las Vegas Sands Corporation, to the Borrower. The ground lease for the casino level of the Venetian portion of the mortgaged property expires in 2093. The ground lease for the casino level of the Palazzo portion of the mortgaged property expires in 2097. The annual rent for each of the foregoing ground leases is $1 and the borrower has the option to purchase each of the premises for $1 on each applicable expiration date. Additionally, the borrower, pursuant to certain commercial lease with Walgreens, ground leases an air rights parcel, which requires an annual rent payment of $600,000 for lease years one through seven, with annual escalation based on the Consumer Price Index, not to exceed 2%, and expires in 2064 with one 40-year extension option. The air rights are currently occupied by Buddy V’s Ristorante and Carlo’s Bakery.     
   
  Loan No. 22, Jamesbridge Apartments, the mortgaged property is subject to a payment in lieu taxes agreement (“PILOT”) with the Health, Educational and Housing Facility Board (“HEHFB”), where the land was transferred by the previous owner to HEHFB in exchange for real estate tax reductions. The previous owner had a ground lease from HEHFB which was assumed by the current the borrower. The PILOT will run through October 2023 after which the borrower will be obligated to pay the full amount of property taxes that are due on the property and HEHFB will convey fee title to the borrower.  The obligations of the borrower are to professionally manage and lease the property and to annually certify to HEHFB that 60% or more of the units are available to tenants earning 80% or less of area median income.  
   
(6) Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
   
  Loan No. 17, Bison Portfolio, the largest tenant at the Steele Crossing property, Kohl’s, owns its respective improvements (86,584 SF, 63.2% NRA) and is subject to a ground lease.
   
  Loan No. 25, Walgreens and CVS Portfolio, two borrowers own the fee interest in the CVS-Parma mortgaged property as tenants-in-common and two borrowers ground lease the leasehold interest as tenants-in-common pursuant to a ground lease. CVS, the sole tenant at the mortgaged property, is the subtenant pursuant to a sublease with leasehold borrower as sublandlord and ground leases 10,119 SF from the borrower.
   
  Loan No. 30, Blackmore Marketplace, two outparcels are occupied by Buffalo Wild Wings and Koto Steakhouse pursuant to two separate ground leases from the borrower.  
   
(7) In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy including  with respect to the largest five tenants at each mortgaged properties:
   
  Loan No. 21, 14th Street Portfolio, the sole tenant at the 2424 18th Street, Northwest mortgaged property, Wawa, is expected to take possession of its remaining space and to open for business on September 10, 2019. Wawa has not yet commenced paying rent, and will commence paying rent on the earlier of the date it opens for business or 150 days after delivery, both expected to occur in September 2019. Wawa is entitled to free rent, up to a maximum of five months, during the period for which it can have possession of the space but not commence rent.
   
(8) With regards to all mortgage loans, the Cut-Off Date LTV Ratio and the Maturity Date LTV Ratio are based on the “as-is” Appraised Value even though, for certain mortgage loans, the appraiser provided “as-stabilized” values based on certain criteria being met.
   
  Loan No. 10, Marriott Fort Collins, the Appraised Value represents the “As-Is” appraised value of $36,500,000 as of August 15, 2019. The appraiser also concluded an “Hypothetical As-Is” appraised value of $43,700,000 as of August 15, 2019, which assumes the completion of a property improvement plan at the mortgaged property totaling approximately $7,795,500 ($7,795,500 was escrowed at origination) which would result in a Cut-Off Date LTV Ratio of 59.5%.
   
  Loan No. 35, Holiday Inn Express Lakeway Austin NW, the Appraised Value represents the “As-Is” appraised value of $8,000,000 as of July 15, 2019. The appraiser also concluded an stabilized appraised value of $10,000,000 as of July 15, 2021, which assumes the completion of a property improvement plan at the mortgaged property totaling approximately $1,199,002 ($1,378,852 was escrowed at origination) which would result in a stabilize LTV Ratio of 63.1%.
   
(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, the Asset Representations Review Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”).
   
(10) The classification of the lockbox and cash management types is described in the prospectus. See “Description of the Mortgage Pool—Mortgaged Property” for further details.
   
(11) 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.
   
(12) 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
   
(13) With respect to Loan Nos 1, 2, 4, 6, 7, 8, 11, 17, 21, 28, 34, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance; Collateral Substitution” and “—Partial Releases” in the prospectus.

 

 

 

 

(14) With respect to Loan Nos. 2, 8, 13, 15, 19, 20, 21, 25, 28, 31, 32, 36 and 37, certain mortgaged properties (i) were constructed or the subject of a major renovation that was completed within 12 calendar months prior to the cut-off date and, therefore, the related mortgaged property has no or limited prior operating history, (ii) have a borrower or an affiliate under the related mortgage loan that acquired the related mortgaged property within 12 calendar months prior to the cut-off date and such borrower or affiliate was unable to provide the related mortgage loan seller with historical financial information for such acquired mortgaged property and/or (iii) are single tenant properties subject to triple-net leases with the related tenant where the related borrower did not provide the related mortgage loan seller with historical financial information for the related mortgaged property.
   
(15) 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.
   
(16) 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.
   
(17) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” in the prospectus for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans.
   
  Loan No. 20, ExchangeRight Net Leased Portfolio 28, Walgreens, the sole tenant at each of the following mortgaged properties, has the right to terminate its lease on January 31, 2033 at the Walgreens – Orland Park, IL mortgaged property; September 30, 2032 at the Walgreens – Aurora, IL mortgaged property; February 28, 2030 at the Walgreens – North Aurora, IL mortgaged property; August 31, 2033 at the Walgreens – Hammond, IN mortgaged property; August 31, 2030 at the Walgreens – Newport News, VA mortgage property; November 30, 2028 at the Walgreens – Fort Worth, TX mortgaged property; February 29, 2029 at the Walgreens – Flint, MI mortgaged property; and August 31, 2029 at the Walgreens – Peoria, IL mortgaged property.
   
  Loan No. 21, 14th Street Portfolio, the largest tenant, Wawa, has the right to terminate its lease prior to completing construction and opening for business (i) if permits and approvals would increase construction cost to Wawa by more than 10% or (ii) if any permits or approvals are rescinded or revoked or any new or additional conditions are placed upon such permits or approvals after their issuance requiring a major change.
   
  Loan No. 23, 3301 Windy Ridge Parkway, the second largest tenant, Fidelity National Title, has the right to terminate its lease on December 31, 2021 with twelve months’ prior notice to the landlord and payment of a termination fee.
   
  Loan No. 25, Walgreens and CVS Portfolio, Walgreens, the sole tenant, at each of the Walgreens – Suwanee, Walgreens – Jacksonville and Walgreens – Galesburg mortgaged properties, has the right to terminate its lease at each such mortgaged property effective February 2027 and every five years thereafter with nine months’ notice and no termination fee.
   
  Loan No. 29, Desert Marketplace, the 5th largest tenant, Walgreens, has the option to terminate its lease effective June 30, 2033, and every five years thereafter, with nine months’ notice.
   
(18) Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents.
   
(19) 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.
   
(20) 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.
   
(21) Loan No. 21, 14th Street Portfolio, $2,400,000 is required to be released to the borrower subject to, among other things: (i) no event of default is continuing, (ii) no cash trap event period is continuing, (iii) debt yield is greater than or equal to 8.0%, (iv) DSCR is greater than or equal to 1.20x.
   
(22) Loan No. 13, South 400, the borrower obtained an environmental insurance policy with $5,000,000 aggregate limit of liability. The policy is scheduled to expire on August 9, 2029 and names the lender as an insured party. The policy was obtained in connection with a controlled recognized environmental condition identified by the Phase I environmental site assessment, however, a Phase II report was not required.
   
  Loan 20 ExchangeRight Net Leased Portfolio 28, the borrower obtained an environmental insurance policy for the Pick n Save – Oconomowoc, WI and Walgreens – Flint, MI mortgaged properties.
   
(23) Loan No. 5, APX Morristown - The whole loan amortizes based on a non-standard amortization schedule that assumes an original amortization of 360 months as set forth on Annex F to the prospectus. The UW NOI DSCR (P&I), UW NCF DSCR (P&I), Total Mortgage Debt UW NOI DSCR, Total Mortgage Debt UW NCF DSCR and Total Debt UW NCF DSCR are calculated based on the aggregate of the twelve debt service payments commencing October 5, 2024.
   
(24) Loan No. 8, BMO Harris Office Portfolio - The mortgage loan had an initial term of 120 months and requires interest-only payments through August 1, 2024 and payments based on a 30-year amortization schedule thereafter. The anticipated repayment date is August 1, 2029 and the final maturity date is August 1, 2031. In the event the mortgage loan is not repaid in full on or before the anticipated repayment date, the interest rate will increase by 300 basis points in excess of the greater of (a) the Initial Term Interest Rate and (b) the 10-year swap yield as of August 1, 2029 plus 177 basis points and, as of the anticipated repayment date, the mortgage loan will have a remaining term of 25 months. The anticipated repayment date automatically triggers a full cash flow sweep during which all excess cash flow will be used to pay down the principal balance of the mortgage loan.
   
(25) Loan No. 31, Windsor Crossing - The whole loan amortizes based on a non-standard amortization schedule which assumes an original amortization of 360 months as set forth on Annex G to the prospectus. The UW NOI DSCR (P&I), UW NCF DSCR (P&I), Total Mortgage Debt UW NOI DSCR, Total Mortgage Debt UW NCF DSCR and Total Debt UW NCF DSCR are calculated based on the aggregate of the twelve debt service payments commencing September 5, 2022. Unless otherwise indicated, references herein to the mortgage rate shown reflect the initial interest rate of 4.1776047%.
   
(26) Loan No. 36, LA Fitness Douglasville - The mortgage loan had an initial term of 120 months and requires interest-only payments through September 1, 2023 and payments based on a 30-year amortization schedule thereafter. The anticipated repayment date is September 1, 2029 and the final maturity date is August 1, 2034. In the event the mortgage loan is not repaid in full on or before the anticipated repayment date, the interest rate will increase by 3.0% (post-ARD additional interest rate) to 7.220% per annum and, as of the anticipated repayment date, the mortgage loan will have a remaining term of 60 months. The anticipated repayment date automatically triggers a full cash flow sweep during which all excess cash flow will be used to pay down the principal balance of the mortgage loan.
   
(27) Loan No. 37, LA Fitness Coppell - The mortgage loan had an initial term of 120 months and requires interest-only payments through August 1, 2023 and payments based on a 30-year amortization schedule thereafter. The anticipated repayment date is August 1, 2029 and the final maturity date is July 1, 2034. In the event the mortgage loan is not repaid in full on or before the anticipated repayment date, the interest rate will increase by 3.0% (post-ARD additional interest rate) to 7.390% per annum and, as of the anticipated repayment date, the mortgage loan will have a remaining term of 60 months. The anticipated repayment date automatically triggers a full cash flow sweep during which all excess cash flow will be used to pay down the principal balance of the mortgage loan.