0001539497-15-001489.txt : 20150922 0001539497-15-001489.hdr.sgml : 20150922 20150921180016 ACCESSION NUMBER: 0001539497-15-001489 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150922 DATE AS OF CHANGE: 20150921 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Commercial Mortgage Trust 2015-NXS3 CENTRAL INDEX KEY: 0001652884 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-195164-14 FILM NUMBER: 151118161 BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0000850779 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 561643598 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 BUSINESS PHONE: 7043832556 MAIL ADDRESS: STREET 1: 301 SOUTH COLLEGE STREET CITY: CHARLOTTE STATE: NC ZIP: 28228-0166 FORMER COMPANY: FORMER CONFORMED NAME: WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 20020304 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19960520 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION MORTGAGE SECURITIES INC DATE OF NAME CHANGE: 19951013 FWP 1 n545_anxa-x5.htm FREE WRITING PROSPECTUS

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-195164-14
     

 

Wells Fargo Commercial Mortgage Trust 2015-NXS3 Disclaimer

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-195164) 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 Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.

Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.

STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION

The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., or Natixis Securities Americas LLC, or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on cthe securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.

This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.

Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A.  Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.

IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES

The Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. Prospective investors should understand that, when considering the purchase of the Offered Certificates, a contract of sale will come into being no sooner than the date on which the relevant class of certificates has been priced and the underwriters have confirmed the allocation of certificates to be made to investors; any “indications of interest” expressed by any prospective investor, and any “soft circles” generated by the underwriters, will not create binding contractual obligations for such prospective investors, on the one hand, or the underwriters, the depositor or any of their respective agents or affiliates, on the other hand.

As a result of the foregoing, a prospective investor may commit to purchase certificates that have characteristics that may change, and each prospective investor is advised that all or a portion of the certificates referred to in these materials may be issued without all or certain of the characteristics described in these materials. The underwriters’ obligation to sell certificates to any prospective investor is conditioned on the certificates and the transaction having the characteristics described in these materials. If the underwriters determine that a condition is not satisfied in any material respect, such prospective investor will be notified, and neither the depositor nor the underwriters will have any obligation to such prospective investor to deliver any portion of the Offered Certificates which such prospective investor has committed to purchase, and there will be no liability between the underwriters, the depositor or any of their respective agents or affiliates, on the one hand, and such prospective investor, on the other hand, as a consequence of the non-delivery.

Each prospective investor has requested that the underwriters provide to such prospective investor information in connection with such prospective investor’s consideration of the purchase of the certificates described in these materials. These materials are being provided to each prospective investor for informative purposes only in response to such prospective investor’s specific request. The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.

The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, 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 system.

 

 

 

 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                             
Mortgage
Loan Number
  Property Name   Mortgage
Loan Seller(1)
  Cross Collateralized
and Cross Defaulted
Loan Flag
  Address   City   State   Zip Code
1   One Court Square   Natixis       1 Court Square   Long Island City   NY   11101
2   Huntington by the Sea   Natixis       21871 Newland Street   Huntington Beach   CA   92646
3   Yosemite Resorts   Natixis       Various   El Portal   CA   95318
3.01   Yosemite View Lodge   Natixis       11136 State Highway 140   El Portal   CA   95318
3.02   Yosemite Cedar Lodge   Natixis       9966 Highway 140   El Portal   CA   95318
4   Northline Commons   WFB       4400 North Highway; 15, 85 & 95 East Crosstimbers Street   Houston   TX   77022
5   Hilton Nashville   WFB       121 Fourth Avenue South   Nashville   TN   37201
6   11 Madison Avenue   WFB       11 Madison Avenue   New York   NY   10010
7   Hacienda Center   Natixis       NWC Colima Road and South Azusa Avenue   Hacienda Heights   CA   91745
8   Manhattan Gateway Shopping Center   Natixis       1800 Rosecrans Avenue   Manhattan Beach   CA   90266
9   Imperial Village   WFB       11020-11352 Crenshaw Boulevard   Inglewood   CA   90303
10   Paper Factory Hotel   SPREF       37-06 36th Street   Long Island City   NY   11101
11   Lowe’s - San Bruno   WFB       1340 El Camino Real   San Bruno   CA   94066
12   Cooper’s Crossing   SPREF       4085 Warner Avenue   Landover Hills   MD   20748
13   3011 North First Street   Natixis       3011 North First Street   San Jose   CA   95134
14   722 12th Street NW   Natixis       722 12th Street NW   Washington   DC   20005
15   The Parking Spot LAX   WFB       9101 South Sepulveda Boulevard   Los Angeles   CA   90045
16   Fremont Technology Park   WFB       46400-46446 Fremont Boulevard   Fremont   CA   94538
17   Royal Oaks Apartments   SPREF       3200 Stirling Road   Hollywood   FL   33021
18   University Office Plaza   Natixis       256-263 Chapman Road   Newark   DE   19702
19   10203 Santa Monica Boulevard   Natixis       10203 Santa Monica Boulevard   Los Angeles   CA   90025
20   Fresh Market Plaza   Natixis       46 and 52 Marion Avenue   Saratoga Springs   NY   12866
21   100 East Walton   SPREF       100 East Walton Street   Chicago   IL   60611
22   Haines City Mall   SPREF       600 US Highway 17-92 West   Haines City   FL   33844
23   Meadowlark Gardens Owners, Inc.   NCB       196-12/66 67th Avenue, 196-11/71 69th Avenue, 196-12/74 69th Avenue, 196-11/73 73rd Avenue, 67-02/12 197th Street, 67-42/52 197th Street, 69-02/12 197th Street, 69-46/56 197th Street   Flushing   NY   11365
24   Creekwood Apartments   SPREF       8343 Hogan Road   Jacksonville   FL   32216
25   Extra Space Storage - Cockeysville   WFB       11150 York Road   Cockeysville   MD   21030
26   Holiday Inn - New Tampa   SPREF       8310 Galbraith Road   Tampa   FL   33647
27   Sheraton Suites Chicago - Elk Grove   SPREF       121 Northwest Point Boulevard   Elk Grove Village   IL   60007
28   Birchwood on the Green Owners Corp.   NCB       2800 Wilshire Lane   Oakdale   NY   11769
29   Chagrin Plaza Beachwood   Natixis       23611, 23711 & 23811 Chagrin Boulevard   Beachwood   OH   44122
30   Dollar General Portfolio   Natixis       Various   Various   CA   Various
30.01   Vallejo   Natixis       920 Tuolumne Street   Vallejo   CA   94590
30.02   Antioch   Natixis       20 West 10th Street   Antioch   CA   94509
30.03   Winters   Natixis       176 East Grant Avenue   Winters   CA   95694
31   Miraloma Red Gum Business Park   WFB       2901, 2905, 2911, 2921, 2941 East Miraloma Avenue; 1325, 1345 North Red Gum Street   Anaheim   CA   92806
32   Redwood Apartments - Texas   WFB       1001 East Fern Avenue   McAllen   TX   78501
33   Willow Glen Plaza   WFB       1102, 1120 and 1130 Bird Avenue   San Jose   CA   95125
34   Budget Self Storage   WFB       555 Roseland Avenue   Santa Rosa   CA   95407
35   Price Chopper Plaza   Natixis       795 East Main Street   Cobleskill   NY   12043
36   The Fort Tryon Corp.   NCB       689 Fort Washington Avenue   New York   NY   10040
37   Stevenson Retail Center   WFB       5741-5763 Stevenson Boulevard   Newark   CA   94560
38   Holiday Inn Express & Suites - Reidsville   SPREF       101 Express Drive   Reidsville   NC   27320
39   Walgreens – Clarkston   WFB       425 Bridge Street   Clarkston   WA   99403
40   Vista La Jolla   Natixis       4747 Morena Boulevard   San Diego   CA   92117
41   831 Latour Court   WFB       831 Latour Court   Napa   CA   94558
42   CVS - Frankfort   WFB       201 South Jackson Street   Frankfort   IN   46041
43   Rainbow Towne Storage   WFB       6995 West Dewey Drive   Las Vegas   NV   89113
44   14120 Crosby Lynchburg Road   Natixis       14120 Crosby Lynchburg Road   Crosby   TX   77532
45   Tudor Arms Owners Corp.   NCB       31 Pondfield Road West   Yonkers   NY   10708
46   Green Township Self Storage   WFB       6128 Harrison Avenue   Cincinnati   OH   45247
47   The Manton House Corp.   NCB       139-05 85th Drive   Briarwood   NY   11435
48   USCBP 10 Airport Road Shelby   Natixis       10 Airport Road   Shelby   MT   59474
49   111 Tenants Corp.   NCB       111 East 75th Street   New York   NY   10021
50   606 Locust Avenue   Natixis       606 Locust Avenue   Victoria   TX   77901
51   49 East Owners Corp.   NCB       49 East 12th Street   New York   NY   10003
52   Monroe Retail Center   WFB       15045 North Kelsey Street   Monroe   WA   98272
53   Parkside Association, Inc.   NCB       549-561 41st Street   Brooklyn   NY   11232
54   East 72 Tenants Corp.   NCB       31 East 72nd Street   New York   NY   10021
55   Carolyn Court Owners, Inc.   NCB       314 Livingston Avenue   Mamaroneck   NY   10543
56   Bellcourt Owners, Inc.   NCB       36-06 213th Street   Bayside   NY   11361

 

A-1-1
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                         
Mortgage
Loan Number
  Property Name   General Property Type   Specific Property Type   Year
Built
  Year
Renovated
  Number of
Units(2)(5)
  Unit of
Measure
  Cut-off
Date Balance
Per Unit/SF(3)
  Original
Balance ($)(3)
  Cut-off Date
Balance ($)(3)
  % of Aggregate
Cut-off Date
Balance
  Maturity Date or
ARD Balloon
Payment ($)
  ARD Loan   Origination
Date
1   One Court Square   Office   CBD   1989   2014   1,401,609   Sq. Ft.   225   80,000,000   80,000,000   9.8%   80,000,000   N   9/1/2015
2   Huntington by the Sea   Manufactured Housing Community   Manufactured Housing Community   1963   2015   306   Pads   245,098   75,000,000   75,000,000   9.2%   65,486,887   N   8/3/2015
3   Yosemite Resorts   Hospitality   Full Service   Various   2015   536   Rooms   158,376   66,000,000   65,914,031   8.1%   53,473,689   N   9/1/2015
3.01   Yosemite View Lodge   Hospitality   Full Service   1990   2015   327   Rooms       48,141,176   48,078,469   5.9%            
3.02   Yosemite Cedar Lodge   Hospitality   Full Service   1984   2015   209   Rooms       17,858,824   17,835,561   2.2%            
4   Northline Commons   Retail   Anchored   2007       445,140   Sq. Ft.   146   65,000,000   65,000,000   8.0%   65,000,000   N   9/11/2015
5   Hilton Nashville   Hospitality   Full Service   2000   2014   330   Rooms   377,859   50,000,000   49,877,353   6.1%   40,596,108   N   7/22/2015
6   11 Madison Avenue   Office   CBD   1932   2015   2,285,043   Sq. Ft.   334   35,000,000   35,000,000   4.3%   35,000,000   N   8/18/2015
7   Hacienda Center   Retail   Anchored   1974       122,403   Sq. Ft.   272   33,300,000   33,300,000   4.1%   30,530,283   N   8/4/2015
8   Manhattan Gateway Shopping Center   Retail   Anchored   1999       82,000   Sq. Ft.   378   31,000,000   31,000,000   3.8%   28,312,202   N   7/31/2015
9   Imperial Village   Retail   Anchored   1956   1999   148,592   Sq. Ft.   168   25,000,000   25,000,000   3.1%   25,000,000   N   8/31/2015
10   Paper Factory Hotel   Hospitality   Full Service   1915   2013   123   Rooms   203,252   25,000,000   25,000,000   3.1%   23,689,140   N   7/10/2015
11   Lowe’s - San Bruno   Retail   Single Tenant   1990   2000   106,854   Sq. Ft.   231   24,630,000   24,630,000   3.0%   22,584,357   N   9/1/2015
12   Cooper’s Crossing   Multifamily   Garden   1966   2008   727   Units   60,523   21,700,000   21,700,000   2.7%   20,735,991   N   2/27/2015
13   3011 North First Street   Office   Office/R&D   1980   2013   146,159   Sq. Ft.   144   21,000,000   21,000,000   2.6%   19,225,449   N   8/5/2015
14   722 12th Street NW   Office   CBD   1903       34,577   Sq. Ft.   470   16,250,000   16,250,000   2.0%   14,284,713   N   7/10/2015
15   The Parking Spot LAX   Other   Parking Garage   2003       2,081   Spaces   7,668   16,000,000   15,957,300   2.0%   9,750,604   N   8/28/2015
16   Fremont Technology Park   Industrial   Flex   1999       139,429   Sq. Ft.   99   13,850,000   13,850,000   1.7%   11,869,268   N   9/8/2015
17   Royal Oaks Apartments   Multifamily   Garden   2008       69   Units   188,406   13,000,000   13,000,000   1.6%   12,636,431   N   8/31/2015
18   University Office Plaza   Office   Suburban   1971       184,334   Sq. Ft.   65   12,000,000   12,000,000   1.5%   11,166,857   N   8/4/2015
19   10203 Santa Monica Boulevard   Office   CBD   1964   2006   26,554   Sq. Ft.   452   12,000,000   11,993,711   1.5%   11,113,342   N   9/3/2015
20   Fresh Market Plaza   Retail   Anchored   2013       39,829   Sq. Ft.   220   10,950,000   10,950,000   1.3%   9,467,362   N   9/11/2015
21   100 East Walton   Mixed Use   Retail/Office   1978       46,737   Sq. Ft.   198   9,250,000   9,250,000   1.1%   9,250,000   N   8/6/2015
22   Haines City Mall   Retail   Anchored   1966   2004   122,114   Sq. Ft.   74   9,000,000   9,000,000   1.1%   8,263,076   N   9/11/2015
23   Meadowlark Gardens Owners, Inc.   Multifamily   Cooperative   1949   1993   287   Units   30,617   8,800,000   8,787,001   1.1%   6,955,222   N   8/27/2015
24   Creekwood Apartments   Multifamily   Garden   1975       176   Units   47,159   8,300,000   8,300,000   1.0%   6,904,148   N   9/11/2015
25   Extra Space Storage - Cockeysville   Self Storage   Self Storage   2002       68,375   Sq. Ft.   117   8,000,000   8,000,000   1.0%   6,663,818   N   9/2/2015
26   Holiday Inn - New Tampa   Hospitality   Limited Service   2003   2014   100   Rooms   75,908   7,600,000   7,590,783   0.9%   6,238,600   N   8/20/2015
27   Sheraton Suites Chicago - Elk Grove   Hospitality   Full Service   1990   2008   253   Rooms   29,644   7,500,000   7,500,000   0.9%   7,169,402   N   7/7/2015
28   Birchwood on the Green Owners Corp.   Multifamily   Cooperative   1967   2012   335   Units   22,355   7,500,000   7,488,843   0.9%   5,919,040   N   9/1/2015
29   Chagrin Plaza Beachwood   Office   Suburban   1973       113,084   Sq. Ft.   57   6,500,000   6,500,000   0.8%   5,582,271   N   8/26/2015
30   Dollar General Portfolio   Retail   Single Tenant   Various   Various   32,959   Sq. Ft.   195   6,450,000   6,434,188   0.8%   5,237,432   N   7/29/2015
30.01   Vallejo   Retail   Single Tenant   1951   2014   11,357   Sq. Ft.       2,404,728   2,398,833   0.3%            
30.02   Antioch   Retail   Single Tenant   1950   2014   12,600   Sq. Ft.       2,159,348   2,154,054   0.3%            
30.03   Winters   Retail   Single Tenant   2014       9,002   Sq. Ft.       1,885,924   1,881,301   0.2%            
31   Miraloma Red Gum Business Park   Industrial   Flex   1989   2006   164,496   Sq. Ft.   37   6,050,000   6,050,000   0.7%   5,556,240   N   9/10/2015
32   Redwood Apartments - Texas   Multifamily   Garden   2004       70   Units   78,473   5,500,000   5,493,080   0.7%   4,484,903   N   9/1/2015
33   Willow Glen Plaza   Retail   Anchored   1990       27,820   Sq. Ft.   192   5,350,000   5,350,000   0.7%   4,563,171   N   7/30/2015
34   Budget Self Storage   Self Storage   Self Storage   1976       84,664   Sq. Ft.   63   5,300,000   5,300,000   0.7%   4,854,412   N   9/1/2015
35   Price Chopper Plaza   Retail   Anchored   1970       110,932   Sq. Ft.   47   5,250,000   5,236,267   0.6%   4,215,709   N   7/29/2015
36   The Fort Tryon Corp.   Multifamily   Cooperative   1926   2006   79   Units   65,726   5,200,000   5,192,319   0.6%   4,109,905   N   8/3/2015
37   Stevenson Retail Center   Retail   Unanchored   1978       30,844   Sq. Ft.   162   5,000,000   5,000,000   0.6%   4,159,827   N   8/28/2015
38   Holiday Inn Express & Suites - Reidsville   Hospitality   Limited Service   2000   2011   73   Rooms   66,052   4,830,000   4,821,804   0.6%   3,602,365   N   8/20/2015
39   Walgreens – Clarkston   Retail   Single Tenant   2015       14,550   Sq. Ft.   323   4,700,000   4,700,000   0.6%   4,313,160   N   7/31/2015
40   Vista La Jolla   Office   Suburban   1985       39,950   Sq. Ft.   109   4,350,000   4,350,000   0.5%   3,760,174   N   8/31/2015
41   831 Latour Court   Industrial   Flex   1987   2013   37,631   Sq. Ft.   109   4,100,000   4,100,000   0.5%   3,609,479   N   9/1/2015
42   CVS - Frankfort   Retail   Single Tenant   2014       13,225   Sq. Ft.   309   4,093,993   4,086,752   0.5%   3,021,894   N   8/19/2015
43   Rainbow Towne Storage   Self Storage   Self Storage   2001       77,461   Sq. Ft.   48   3,700,000   3,700,000   0.5%   3,100,568   N   9/3/2015
44   14120 Crosby Lynchburg Road   Office   Medical   2015       10,500   Sq. Ft.   326   3,435,250   3,427,650   0.4%   2,835,779   N   7/17/2015
45   Tudor Arms Owners Corp.   Multifamily   Cooperative   1920   NAV   56   Units   56,166   3,150,000   3,145,314   0.4%   2,485,998   N   8/26/2015
46   Green Township Self Storage   Self Storage   Self Storage   2005       88,300   Sq. Ft.   31   2,700,000   2,700,000   0.3%   2,700,000   N   8/4/2015
47   The Manton House Corp.   Multifamily   Cooperative   1950   1999   47   Units   48,864   2,300,000   2,296,603   0.3%   1,817,842   N   8/20/2015
48   USCBP 10 Airport Road Shelby   Office   Suburban   1985       16,292   Sq. Ft.   131   2,150,000   2,139,960   0.3%   1,761,075   N   5/14/2015
49   111 Tenants Corp.   Multifamily   Cooperative   1925   2002   36   Units   55,556   2,000,000   2,000,000   0.2%   2,000,000   N   8/31/2015
50   606 Locust Avenue   Office   Medical   2009       9,000   Sq. Ft.   216   1,950,000   1,947,670   0.2%   1,604,890   N   8/17/2015
51   49 East Owners Corp.   Multifamily   Cooperative   1895   2008   44   Units   36,333   1,600,000   1,598,643   0.2%   1,411,189   N   8/3/2015
52   Monroe Retail Center   Retail   Unanchored   1995       10,800   Sq. Ft.   148   1,600,000   1,597,636   0.2%   1,253,916   N   8/19/2015
53   Parkside Association, Inc.   Multifamily   Cooperative   1927   1995   40   Units   37,447   1,500,000   1,497,862   0.2%   1,194,190   N   8/5/2015
54   East 72 Tenants Corp.   Multifamily   Cooperative   1916   2008   28   Units   53,493   1,500,000   1,497,800   0.2%   1,187,286   N   8/13/2015
55   Carolyn Court Owners, Inc.   Multifamily   Cooperative   1925   2008   33   Units   30,262   1,000,000   998,659   0.1%   805,751   N   8/31/2015
56   Bellcourt Owners, Inc.   Multifamily   Cooperative   1950   2009   35   Units   28,530   1,000,000   998,536   0.1%   791,813   N   9/1/2015

 

A-1-2
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                             
Mortgage
Loan Number
  Property Name   First
Pay Date
  Last IO
Pay Date
  First P&I
Pay Date
  Maturity Date or
Anticipated
Repayment Date
  ARD Loan
Maturity Date
  Gross
Mortgage Rate
  Trust Advisor
Ongoing

Fee Rate
  Certificate
Administrator

Fee Rate
  Servicing Fee   CREFC® IP Royalty
License Fee Rate
  Net Mortgage Rate   Interest
Accrual

Method
  Monthly P&I
Payment ($)
  Amortization Type
1   One Court Square   10/5/2015   9/5/2020       9/5/2020       3.89300%   0.00250%   0.00560%   0.00500%   0.00050%   3.87940%   Actual/360   263,858.89   Interest-only, Balloon
2   Huntington by the Sea   9/5/2015   8/5/2018   9/5/2018   8/5/2025       4.39000%   0.00150%   0.00560%   0.00500%   0.00050%   4.37740%   Actual/360   375,127.79   Interest-only, Amortizing Balloon
3   Yosemite Resorts   10/5/2015       10/5/2015   9/5/2025       4.56000%   0.00150%   0.00560%   0.00500%   0.00050%   4.54740%   Actual/360   336,769.36   Amortizing Balloon
3.01   Yosemite View Lodge                                                        
3.02   Yosemite Cedar Lodge                                                        
4   Northline Commons   10/11/2015   9/11/2025       9/11/2025       4.60000%   0.00150%   0.00560%   0.01500%   0.00050%   4.57740%   Actual/360   253,319.44   Interest-only, Balloon
5   Hilton Nashville   9/11/2015       9/11/2015   8/11/2025       4.62000%   0.00000%   0.00560%   0.01500%   0.00050%   4.59890%   Actual/360   256,920.16   Amortizing Balloon
6   11 Madison Avenue   10/6/2015   9/6/2025       9/6/2025       3.56020%   0.00000%   0.00560%   0.00375%   0.00050%   3.55035%   Actual/360   105,281.38   Interest-only, Balloon
7   Hacienda Center   9/5/2015   8/5/2020   9/5/2020   8/5/2025       4.62000%   0.00150%   0.00560%   0.00500%   0.00050%   4.60740%   Actual/360   171,108.82   Interest-only, Amortizing Balloon
8   Manhattan Gateway Shopping Center   9/5/2015   8/5/2020   9/5/2020   8/5/2025       4.38000%   0.00150%   0.00560%   0.00500%   0.00050%   4.36740%   Actual/360   154,869.87   Interest-only, Amortizing Balloon
9   Imperial Village   10/11/2015   9/11/2025       9/11/2025       4.50000%   0.00150%   0.00560%   0.00500%   0.00050%   4.48740%   Actual/360   95,312.50   Interest-only, Balloon
10   Paper Factory Hotel   9/6/2015   8/6/2016   9/6/2016   8/6/2020       5.76000%   0.00150%   0.00560%   0.00500%   0.00050%   5.74740%   Actual/360   146,052.07   Interest-only, Amortizing Balloon
11   Lowe’s - San Bruno   10/11/2015   9/11/2020   10/11/2020   9/11/2025       4.63000%   0.00150%   0.00560%   0.00500%   0.00050%   4.61740%   Actual/360   126,706.28   Interest-only, Amortizing Balloon
12   Cooper’s Crossing   4/6/2015   3/6/2017   4/6/2017   3/6/2020       4.97400%   0.00000%   0.00560%   0.01250%   0.00050%   4.95540%   Actual/360   116,145.72   Interest-only, Amortizing Balloon
13   3011 North First Street   9/5/2015   6/5/2020   7/5/2020   6/5/2025       4.52860%   0.00150%   0.00560%   0.00500%   0.00050%   4.51600%   Actual/360   106,761.08   Interest-only, Amortizing Balloon
14   722 12th Street NW   9/5/2015   8/5/2018   9/5/2018   8/5/2025       4.68250%   0.00150%   0.00560%   0.00500%   0.00050%   4.66990%   Actual/360   84,107.80   Interest-only, Amortizing Balloon
15   The Parking Spot LAX   10/11/2015       10/11/2015   9/11/2025       4.19000%   0.00150%   0.00560%   0.00500%   0.00050%   4.17740%   Actual/360   98,566.20   Amortizing Balloon
16   Fremont Technology Park   10/11/2015   9/11/2017   10/11/2017   9/11/2025       4.63000%   0.00150%   0.00560%   0.00500%   0.00050%   4.61740%   Actual/360   71,249.77   Interest-only, Amortizing Balloon
17   Royal Oaks Apartments   10/6/2015   9/6/2018   10/6/2018   9/6/2020       5.13000%   0.00150%   0.00560%   0.00500%   0.00050%   5.11740%   Actual/360   70,823.31   Interest-only, Amortizing Balloon
18   University Office Plaza   9/5/2015   8/5/2016   9/5/2016   8/5/2020       4.24300%   0.00150%   0.00560%   0.00500%   0.00050%   4.23040%   Actual/360   58,983.62   Interest-only, Amortizing Balloon
19   10203 Santa Monica Boulevard   10/5/2015       10/5/2015   9/5/2025       5.84200%   0.00150%   0.00560%   0.00500%   0.00050%   5.82940%   Actual/360   64,708.78   Amortizing Balloon
20   Fresh Market Plaza   11/5/2015   10/5/2017   11/5/2017   10/5/2025       4.97000%   0.00150%   0.00560%   0.00500%   0.00050%   4.95740%   Actual/360   58,581.37   Interest-only, Amortizing Balloon
21   100 East Walton   9/6/2015   8/6/2025       8/6/2025       4.49400%   0.00150%   0.00560%   0.00500%   0.00050%   4.48140%   Actual/360   35,218.60   Interest-only, Balloon
22   Haines City Mall   11/6/2015   10/6/2020   11/6/2020   10/6/2025       4.71000%   0.00150%   0.00560%   0.00500%   0.00050%   4.69740%   Actual/360   46,731.51   Interest-only, Amortizing Balloon
23   Meadowlark Gardens Owners, Inc.   10/1/2015       10/1/2015   9/1/2025       3.86000%   0.00150%   0.00560%   0.08000%   0.00050%   3.77240%   Actual/360   41,305.40   Amortizing Balloon
24   Creekwood Apartments   11/6/2015   4/6/2016   5/6/2016   10/6/2025       4.94000%   0.00150%   0.00560%   0.00500%   0.00050%   4.92740%   Actual/360   44,252.34   Interest-only, Amortizing Balloon
25   Extra Space Storage - Cockeysville   10/11/2015   9/11/2016   10/11/2016   9/11/2025       4.55000%   0.00150%   0.00560%   0.00500%   0.00050%   4.53740%   Actual/360   40,772.84   Interest-only, Amortizing Balloon
26   Holiday Inn - New Tampa   10/6/2015       10/6/2015   9/6/2025       4.95000%   0.00150%   0.00560%   0.00500%   0.00050%   4.93740%   Actual/360   40,566.52   Amortizing Balloon
27   Sheraton Suites Chicago - Elk Grove   9/6/2015   8/6/2017   9/6/2017   8/6/2020       5.01750%   0.00150%   0.00560%   0.00500%   0.00050%   5.00490%   Actual/360   40,341.87   Interest-only, Amortizing Balloon
28   Birchwood on the Green Owners Corp.   10/1/2015       10/1/2015   9/1/2025       3.82000%   0.00150%   0.00560%   0.08000%   0.00050%   3.73240%   Actual/360   35,032.25   Amortizing Balloon
29   Chagrin Plaza Beachwood   10/5/2015   9/5/2017   10/5/2017   9/5/2025       4.71100%   0.00150%   0.00560%   0.00500%   0.00050%   4.69840%   Actual/360   33,754.45   Interest-only, Amortizing Balloon
30   Dollar General Portfolio   9/5/2015       9/5/2015   8/5/2025       4.62300%   0.00150%   0.00560%   0.00500%   0.00050%   4.61040%   Actual/360   33,154.28   Amortizing Balloon
30.01   Vallejo                                                        
30.02   Antioch                                                        
30.03   Winters                                                        
31   Miraloma Red Gum Business Park   10/11/2015   9/11/2020   10/11/2020   9/11/2025       4.73000%   0.00150%   0.00560%   0.03500%   0.00050%   4.68740%   Actual/360   31,486.77   Interest-only, Amortizing Balloon
32   Redwood Apartments - Texas   10/11/2015       10/11/2015   9/11/2025       4.75000%   0.00150%   0.00560%   0.00500%   0.00050%   4.73740%   Actual/360   28,690.60   Amortizing Balloon
33   Willow Glen Plaza   9/11/2015   8/11/2017   9/11/2017   8/11/2025       4.45000%   0.00150%   0.00560%   0.00500%   0.00050%   4.43740%   Actual/360   26,948.95   Interest-only, Amortizing Balloon
34   Budget Self Storage   10/11/2015   9/11/2020   10/11/2020   9/11/2025       4.56000%   0.00150%   0.00560%   0.00500%   0.00050%   4.54740%   Actual/360   27,043.60   Interest-only, Amortizing Balloon
35   Price Chopper Plaza   9/5/2015       9/5/2015   8/5/2025       4.30000%   0.00150%   0.00560%   0.00500%   0.00050%   4.28740%   Actual/360   25,980.75   Amortizing Balloon
36   The Fort Tryon Corp.   10/1/2015       10/1/2015   9/1/2025       3.86000%   0.00150%   0.00560%   0.08000%   0.00050%   3.77240%   Actual/360   24,407.73   Amortizing Balloon
37   Stevenson Retail Center   10/11/2015   9/11/2016   10/11/2016   9/11/2025       4.51000%   0.00150%   0.00560%   0.00500%   0.00050%   4.49740%   Actual/360   25,363.98   Interest-only, Amortizing Balloon
38   Holiday Inn Express & Suites - Reidsville   10/6/2015       10/6/2015   9/6/2025       4.93000%   0.00150%   0.00560%   0.00500%   0.00050%   4.91740%   Actual/360   28,039.06   Amortizing Balloon
39   Walgreens – Clarkston   9/11/2015   8/11/2020   9/11/2020   8/11/2025       4.68000%   0.00150%   0.00560%   0.00500%   0.00050%   4.66740%   Actual/360   24,319.51   Interest-only, Amortizing Balloon
40   Vista La Jolla   10/5/2015   9/5/2017   10/5/2017   9/5/2025       4.96300%   0.00150%   0.00560%   0.00500%   0.00050%   4.95040%   Actual/360   23,253.47   Interest-only, Amortizing Balloon
41   831 Latour Court   10/11/2015   9/11/2018   10/11/2018   9/11/2025       4.75000%   0.00150%   0.00560%   0.00500%   0.00050%   4.73740%   Actual/360   21,387.54   Interest-only, Amortizing Balloon
42   CVS - Frankfort   10/11/2015       10/11/2015   9/11/2025       4.65000%   0.00150%   0.00560%   0.00500%   0.00050%   4.63740%   Actual/360   23,105.71   Amortizing Balloon
43   Rainbow Towne Storage   10/11/2015   9/11/2016   10/11/2016   9/11/2025       4.75000%   0.00150%   0.00560%   0.00500%   0.00050%   4.73740%   Actual/360   19,300.95   Interest-only, Amortizing Balloon
44   14120 Crosby Lynchburg Road   9/5/2015       9/5/2015   8/5/2025       5.12000%   0.00150%   0.00560%   0.00500%   0.00050%   5.10740%   Actual/360   18,693.92   Amortizing Balloon
45   Tudor Arms Owners Corp.   10/1/2015       10/1/2015   9/1/2025       3.82000%   0.00150%   0.00560%   0.08000%   0.00050%   3.73240%   Actual/360   14,713.54   Amortizing Balloon
46   Green Township Self Storage   9/11/2015   8/11/2025       8/11/2025       4.28000%   0.00150%   0.00560%   0.00500%   0.00050%   4.26740%   Actual/360   9,790.50   Interest-only, Balloon
47   The Manton House Corp.   10/1/2015       10/1/2015   9/1/2025       3.86000%   0.00150%   0.00560%   0.08000%   0.00050%   3.77240%   Actual/360   10,795.73   Amortizing Balloon
48   USCBP 10 Airport Road Shelby   7/5/2015       7/5/2015   6/5/2025       4.88200%   0.00150%   0.00560%   0.00500%   0.00050%   4.86940%   Actual/360   11,387.11   Amortizing Balloon
49   111 Tenants Corp.   10/1/2015   9/1/2025       9/1/2025       3.97000%   0.00150%   0.00560%   0.08000%   0.00050%   3.88240%   Actual/360   6,726.94   Interest-only, Balloon
50   606 Locust Avenue   10/5/2015       10/5/2015   9/5/2025       5.03000%   0.00150%   0.00560%   0.00500%   0.00050%   5.01740%   Actual/360   10,503.80   Amortizing Balloon
51   49 East Owners Corp.   10/1/2015       10/1/2015   9/1/2025       3.99000%   0.00150%   0.00560%   0.08000%   0.00050%   3.90240%   Actual/360   6,677.07   Amortizing Balloon
52   Monroe Retail Center   10/11/2015       10/11/2015   9/11/2025       4.55000%   0.00150%   0.00560%   0.05500%   0.00050%   4.48740%   Actual/360   8,430.44   Amortizing Balloon
53   Parkside Association, Inc.   10/1/2015       10/1/2015   9/1/2025       4.06000%   0.00150%   0.00560%   0.08000%   0.00050%   3.97240%   Actual/360   7,213.21   Amortizing Balloon
54   East 72 Tenants Corp.   10/1/2015       10/1/2015   9/1/2025       3.90000%   0.00150%   0.00560%   0.08000%   0.00050%   3.81240%   Actual/360   7,075.02   Amortizing Balloon
55   Carolyn Court Owners, Inc.   10/1/2015       10/1/2015   9/1/2025       4.40000%   0.00150%   0.00560%   0.08000%   0.00050%   4.31240%   Actual/360   5,007.61   Amortizing Balloon
56   Bellcourt Owners, Inc.   10/1/2015       10/1/2015   9/1/2025       3.91000%   0.00150%   0.00560%   0.08000%   0.00050%   3.82240%   Actual/360   4,722.41   Amortizing Balloon

 

A-1-3
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                     
Mortgage
Loan Number
  Property Name   Interest Accrual
Method During IO
  Original Term to
Maturity or

ARD (Mos.)
  Remaining Term to
Maturity or

ARD (Mos.)
  Original IO
Period (Mos.)
  Remaining IO
Period (Mos.)
  Original Amort
Term (Mos.)
  Remaining
Amort

Term (Mos.)
  Seasoning   Prepayment Provisions   Grace Period
Default (Days)
  Grace Period Late (Days)   Appraised
Value ($)(4)
1   One Court Square   Actual/360   60   59   60   59   0   0   1   GRTR 1% or YM(25),GRTR 1% or YM or D(31),O(4)   0   3 days, 2 times during loan term   640,000,000
2   Huntington by the Sea   Actual/360   120   118   36   34   360   360   2   L(26),D(87),O(7)   0   0   117,000,000
3   Yosemite Resorts       120   119   0   0   360   359   1   L(25),D(91),O(4)   0   0   122,500,000
3.01   Yosemite View Lodge                                               89,100,000
3.02   Yosemite Cedar Lodge                                               33,400,000
4   Northline Commons   Actual/360   120   119   120   119   0   0   1   L(25),D(88),O(7)   0   5   98,200,000
5   Hilton Nashville       120   118   0   0   360   358   2   L(26),D(90),O(4)   0   5   192,000,000
6   11 Madison Avenue   Actual/360   120   119   120   119   0   0   1   L(25),D(88),O(7)   0   0   2,350,000,000
7   Hacienda Center   Actual/360   120   118   60   58   360   360   2   L(26),D(91),O(3)   0   0   56,000,000
8   Manhattan Gateway Shopping Center   Actual/360   120   118   60   58   360   360   2   L(26),D(90),O(4)   0   0   48,500,000
9   Imperial Village   Actual/360   120   119   120   119   0   0   1   L(25),D(91),O(4)   0   5   44,200,000
10   Paper Factory Hotel   Actual/360   60   58   12   10   360   360   2   L(26),D(31),O(3)   0   0   42,000,000
11   Lowe’s - San Bruno   Actual/360   120   119   60   59   360   360   1   L(25),D(91),O(4)   0   5   37,000,000
12   Cooper’s Crossing   Actual/360   60   53   24   17   360   360   7   L(31),D(25),O(4)   0   0   68,100,000
13   3011 North First Street   Actual/360   118   116   58   56   360   360   2   L(26),D(89),O(3)   0   0   31,600,000
14   722 12th Street NW   Actual/360   120   118   36   34   360   360   2   L(26),D(90),O(4)   0   0   22,330,000
15   The Parking Spot LAX       120   119   0   0   240   239   1   L(25),D(91),O(4)   0   5   96,000,000
16   Fremont Technology Park   Actual/360   120   119   24   23   360   360   1   L(25),GRTR 1% or YM or D(88),O(7)   0   5   19,800,000
17   Royal Oaks Apartments   Actual/360   60   59   36   35   360   360   1   L(25),D(32),O(3)   0   0   19,000,000
18   University Office Plaza   Actual/360   60   58   12   10   360   360   2   L(26),D(31),O(3)   0   0   17,600,000
19   10203 Santa Monica Boulevard       120   119   0   0   480   479   1   L(25),D(92),O(3)   0   0   20,000,000
20   Fresh Market Plaza   Actual/360   120   120   24   24   360   360   0   L(24),D(93),O(3)   0   0   13,700,000
21   100 East Walton   Actual/360   120   118   120   118   0   0   2   L(26),D(90),O(4)   0   0   20,300,000
22   Haines City Mall   Actual/360   120   120   60   60   360   360   0   L(24),D(95),O(1)   0   0   12,200,000
23   Meadowlark Gardens Owners, Inc.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   48,400,000
24   Creekwood Apartments   Actual/360   120   120   6   6   360   360   0   L(24),D(93),O(3)   0   0   10,700,000
25   Extra Space Storage - Cockeysville   Actual/360   120   119   12   11   360   360   1   L(25),D(91),O(4)   0   5   13,850,000
26   Holiday Inn - New Tampa       120   119   0   0   360   359   1   L(25),D(92),O(3)   0   0   11,000,000
27   Sheraton Suites Chicago - Elk Grove   Actual/360   60   58   24   22   360   360   2   L(26),D(30),O(4)   0   0   12,900,000
28   Birchwood on the Green Owners Corp.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   58,040,000
29   Chagrin Plaza Beachwood   Actual/360   120   119   24   23   360   360   1   L(25),D(92),O(3)   0   0   8,700,000
30   Dollar General Portfolio       120   118   0   0   360   358   2   L(26),D(91),O(3)   0   0   9,200,000
30.01   Vallejo                                               3,430,000
30.02   Antioch                                               3,080,000
30.03   Winters                                               2,690,000
31   Miraloma Red Gum Business Park   Actual/360   120   119   60   59   360   360   1   L(25),D(91),O(4)   0   5   11,300,000
32   Redwood Apartments - Texas       120   119   0   0   360   359   1   L(25),D(91),O(4)   0   5   7,650,000
33   Willow Glen Plaza   Actual/360   120   118   24   22   360   360   2   L(26),D(90),O(4)   0   5   8,650,000
34   Budget Self Storage   Actual/360   120   119   60   59   360   360   1   L(25),D(91),O(4)   0   5   9,160,000
35   Price Chopper Plaza       120   118   0   0   360   358   2   L(26),D(90),O(4)   0   0   9,850,000
36   The Fort Tryon Corp.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   33,100,000
37   Stevenson Retail Center   Actual/360   120   119   12   11   360   360   1   L(25),D(91),O(4)   0   5   9,500,000
38   Holiday Inn Express & Suites - Reidsville       120   119   0   0   300   299   1   L(25),D(92),O(3)   0   0   6,900,000
39   Walgreens – Clarkston   Actual/360   120   118   60   58   360   360   2   L(26),D(90),O(4)   0   5   7,000,000
40   Vista La Jolla   Actual/360   120   119   24   23   360   360   1   L(25),D(91),O(4)   0   0   6,300,000
41   831 Latour Court   Actual/360   120   119   36   35   360   360   1   L(25),GRTR 1% or YM(91),O(4)   0   5   6,000,000
42   CVS - Frankfort       120   119   0   0   300   299   1   L(25),D(91),O(4)   0   5   6,500,000
43   Rainbow Towne Storage   Actual/360   120   119   12   11   360   360   1   L(25),GRTR 1% or YM(91),O(4)   0   5   6,700,000
44   14120 Crosby Lynchburg Road       120   118   0   0   360   358   2   L(26),D(92),O(2)   0   0   5,350,000
45   Tudor Arms Owners Corp.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   13,800,000
46   Green Township Self Storage   Actual/360   120   118   120   118   0   0   2   L(26),D(90),O(4)   0   5   6,600,000
47   The Manton House Corp.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   7,560,000
48   USCBP 10 Airport Road Shelby       120   116   0   0   360   356   4   L(28),D(89),O(3)   0   0   3,320,000
49   111 Tenants Corp.   Actual/360   120   119   120   119   0   0   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   33,050,000
50   606 Locust Avenue       120   119   0   0   360   359   1   L(25),D(93),O(2)   0   0   3,000,000
51   49 East Owners Corp.       120   119   0   0   480   479   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   37,400,000
52   Monroe Retail Center       120   119   0   0   336   335   1   L(25),D(90),O(5)   0   5   3,660,000
53   Parkside Association, Inc.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   13,400,000
54   East 72 Tenants Corp.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   44,700,000
55   Carolyn Court Owners, Inc.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   6,430,000
56   Bellcourt Owners, Inc.       120   119   0   0   360   359   1   GRTR 1% or YM(113),1%(3),O(4)   10   10   8,640,000

 

A-1-4
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                                 
Mortgage
Loan Number
  Property Name   Appraisal Date   Coop -Rental Value    Coop - LTV as Rental   Coop - Unsold
Percent
   Coop - Sponsor
Units
   Coop - Investor
Units
   Coop - Coop
Units
  Coop -
Sponsor/Investor
Carry
  Coop - Committed
Secondary Debt
  U/W NOI
DSCR (x)(3)(4)
  U/W NCF
DSCR (x)(3)(4)
  Cut-off Date
LTV

Ratio(3)(4)
  LTV Ratio at
Maturity

or ARD(3)(4)
  Cut-off Date
U/W NOI

Debt
Yield(3)(4)
  Cut-off Date
U/W NCF

Debt
Yield(3)(4)
1   One Court Square   7/30/2015                                   2.64   2.51   49.2%   49.2%   10.4%   9.9%
2   Huntington by the Sea   6/20/2015                                   1.38   1.37   64.1%   56.0%   8.3%   8.2%
3   Yosemite Resorts   7/27/2015                                   2.23   2.07   69.3%   56.2%   13.7%   12.7%
3.01   Yosemite View Lodge   7/27/2015                                                        
3.02   Yosemite Cedar Lodge   7/27/2015                                                        
4   Northline Commons   8/2/2015                                   2.03   1.91   66.2%   66.2%   9.5%   8.9%
5   Hilton Nashville   6/16/2015                                   1.94   1.76   64.9%   52.9%   12.0%   10.9%
6   11 Madison Avenue   7/1/2015                                   3.97   3.89   32.5%   32.5%   14.3%   14.1%
7   Hacienda Center   3/5/2015                                   1.53   1.45   59.5%   54.5%   9.4%   9.0%
8   Manhattan Gateway Shopping Center   6/2/2015                                   1.38   1.33   63.9%   58.4%   8.3%   8.0%
9   Imperial Village   5/21/2015                                   2.13   2.00   56.6%   56.6%   9.7%   9.1%
10   Paper Factory Hotel   6/1/2015                                   1.40   1.29   59.5%   56.4%   9.8%   9.0%
11   Lowe’s - San Bruno   5/28/2015                                   1.36   1.31   66.6%   61.0%   8.4%   8.1%
12   Cooper’s Crossing   2/3/2015                                   1.54   1.46   64.6%   61.7%   9.9%   9.4%
13   3011 North First Street   3/16/2015                                   1.66   1.58   66.5%   60.8%   10.1%   9.7%
14   722 12th Street NW   5/14/2015                                   1.30   1.24   72.8%   64.0%   8.1%   7.7%
15   The Parking Spot LAX   7/23/2015                                   4.93   4.87   16.6%   10.2%   36.5%   36.1%
16   Fremont Technology Park   7/28/2015                                   1.49   1.29   69.9%   59.9%   9.2%   8.0%
17   Royal Oaks Apartments   7/21/2015                                   1.24   1.22   68.4%   66.5%   8.1%   8.0%
18   University Office Plaza   6/15/2015                                   2.04   1.71   68.2%   63.4%   12.0%   10.1%
19   10203 Santa Monica Boulevard   5/8/2015                                   1.14   1.10   60.0%   55.6%   7.4%   7.1%
20   Fresh Market Plaza   7/10/2015                                   1.24   1.19   63.9%   53.0%   7.9%   7.6%
21   100 East Walton   4/20/2015                                   2.10   1.93   45.6%   45.6%   9.6%   8.8%
22   Haines City Mall   7/18/2015                                   1.55   1.38   73.8%   67.7%   9.6%   8.6%
23   Meadowlark Gardens Owners, Inc.   6/12/2015   32,800,000   26.8%   18.8%   5   48   1   NAV       4.30   4.30   18.2%   14.4%   24.3%   24.3%
24   Creekwood Apartments   8/5/2015                                   1.47   1.39   77.6%   64.5%   9.4%   8.9%
25   Extra Space Storage - Cockeysville   7/10/2015                                   1.62   1.60   57.8%   48.1%   9.9%   9.8%
26   Holiday Inn - New Tampa   7/13/2015                                   1.89   1.65   69.0%   56.7%   12.1%   10.6%
27   Sheraton Suites Chicago - Elk Grove   6/30/2016                                   2.44   1.85   58.1%   55.6%   15.7%   11.9%
28   Birchwood on the Green Owners Corp.   5/11/2015   52,200,000   14.3%   0.0%   0   0   0       1,000,000   9.32   9.32   12.9%   10.2%   52.3%   52.3%
29   Chagrin Plaza Beachwood   6/19/2015                                   1.84   1.59   74.7%   64.2%   11.5%   9.9%
30   Dollar General Portfolio   Various                                   1.31   1.30   69.9%   56.9%   8.1%   8.0%
30.01   Vallejo   4/16/2015                                                        
30.02   Antioch   3/27/2015                                                        
30.03   Winters   4/16/2015                                                        
31   Miraloma Red Gum Business Park   7/7/2015                                   1.60   1.37   53.5%   49.2%   10.0%   8.6%
32   Redwood Apartments - Texas   7/13/2015                                   1.35   1.29   71.8%   58.6%   8.5%   8.1%
33   Willow Glen Plaza   7/1/2015                                   1.40   1.33   61.8%   52.8%   8.4%   8.0%
34   Budget Self Storage   8/4/2015                                   1.75   1.71   57.9%   53.0%   10.7%   10.5%
35   Price Chopper Plaza   6/10/2015                                   2.09   1.86   53.2%   42.8%   12.5%   11.1%
36   The Fort Tryon Corp.   6/15/2015   15,900,000   32.7%   8.9%   7   0   0   NAV   1,000,000   3.53   3.53   15.7%   12.4%   19.9%   19.9%
37   Stevenson Retail Center   6/29/2015                                   1.61   1.48   52.6%   43.8%   9.8%   9.0%
38   Holiday Inn Express & Suites - Reidsville   6/29/2015                                   1.84   1.65   69.9%   52.2%   12.8%   11.5%
39   Walgreens – Clarkston   6/2/2015                                   1.23   1.23   67.1%   61.6%   7.7%   7.6%
40   Vista La Jolla   7/13/2015                                   1.63   1.46   69.0%   59.7%   10.5%   9.4%
41   831 Latour Court   7/23/2015                                   1.45   1.35   68.3%   60.2%   9.1%   8.5%
42   CVS - Frankfort   6/22/2015                                   1.18   1.18   62.9%   46.5%   8.0%   8.0%
43   Rainbow Towne Storage   7/28/2015                                   1.65   1.60   55.2%   46.3%   10.3%   10.0%
44   14120 Crosby Lynchburg Road   6/3/2015                                   1.46   1.46   64.1%   53.0%   9.6%   9.5%
45   Tudor Arms Owners Corp.   7/9/2015   9,800,000   32.1%   23.2%   13   0   0   77,123       3.47   3.47   22.8%   18.0%   19.5%   19.5%
46   Green Township Self Storage   3/25/2015                                   3.76   3.65   40.9%   40.9%   16.4%   15.9%
47   The Manton House Corp.   5/4/2015   7,000,000   32.8%   23.4%   0   11   0   (2,542)   500,000   3.80   3.80   30.4%   24.0%   21.5%   21.5%
48   USCBP 10 Airport Road Shelby   4/14/2015                                   1.59   1.45   64.5%   53.0%   10.2%   9.3%
49   111 Tenants Corp.   6/24/2015   14,400,000   13.9%   0.0%   0   0   0           11.16   11.16   6.1%   6.1%   45.0%   45.0%
50   606 Locust Avenue   6/30/2015                                   1.64   1.56   64.9%   53.5%   10.6%   10.1%
51   49 East Owners Corp.   6/19/2015   20,700,000   7.7%   2.3%   1   0   0   NAV       16.14   16.14   4.3%   3.8%   80.9%   80.9%
52   Monroe Retail Center   7/13/2015                                   2.21   2.01   43.7%   34.3%   14.0%   12.7%
53   Parkside Association, Inc.   6/5/2015   8,200,000   18.3%   0.0%   0   0   0           6.63   6.63   11.2%   8.9%   38.3%   38.3%
54   East 72 Tenants Corp.   4/24/2015   58,200,000   2.6%   0.0%   0   0   0       500,000   46.28   46.28   3.4%   2.7%   262.3%   262.3%
55   Carolyn Court Owners, Inc.   6/26/2015   5,700,000   17.5%   0.0%   0   0   0       250,000   6.64   6.64   15.5%   12.5%   39.9%   39.9%
56   Bellcourt Owners, Inc.   6/9/2015   6,500,000   15.4%   25.7%   1   8   0   NAV   250,000   8.07   8.07   11.6%   9.2%   45.8%   45.8%

 

A-1-5
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                             
Mortgage
Loan Number
  Property Name   U/W
Revenues ($)(2)(4)
  U/W
Expenses ($)
  U/W Net Operating
Income ($)
  U/W
Replacement ($)
  U/W
TI/LC ($)
  U/W Net
Cash Flow ($)
  Occupancy
Rate(5)
  Occupancy
as-of Date
  U/W Hotel ADR   U/W Hotel
RevPAR
  Most Recent
Period
  Most Recent
Revenues ($)
  Most Recent
Expenses ($)
  Most Recent
NOI ($)
1   One Court Square   54,976,719   22,110,231   32,866,488   210,241   1,401,609   31,254,638   100.0%   10/1/2015           NAV   NAV   NAV   NAV
2   Huntington by the Sea   8,197,119   1,971,993   6,225,126   53,550   0   6,171,576   98.0%   7/15/2015           TTM 6/30/2015   8,078,104   1,969,584   6,108,520
3   Yosemite Resorts   20,838,801   9,222,712   11,616,089   833,552   0   10,782,537   62.8%   6/30/2015   157   99   TTM 6/30/2015   20,838,801   9,222,712   11,616,089
3.01   Yosemite View Lodge   14,250,840   5,811,009   8,439,831   570,034   0   7,869,797   65.5%   6/30/2015   169   110   TTM 6/30/2015   14,250,840   5,811,009   8,439,831
3.02   Yosemite Cedar Lodge   6,587,961   3,411,703   3,176,258   263,518   0   2,912,740   57.5%   6/30/2015   139   80   TTM 6/30/2015   6,587,961   3,411,703   3,176,258
4   Northline Commons   10,069,171   3,903,985   6,165,185   89,028   270,576   5,805,581   89.5%   6/30/2015           TTM 7/31/2015   9,251,788   3,901,121   5,350,667
5   Hilton Nashville   36,342,258   21,356,779   14,985,479   1,453,690   0   13,531,789   83.3%   6/30/2015   258   215   TTM 6/30/2015   35,102,970   20,584,255   14,518,715
6   11 Madison Avenue   163,039,756   53,546,158   109,493,598   457,009   1,605,307   107,431,283   97.8%   8/1/2015           TTM 5/31/2015   70,265,498   23,876,107   46,389,392
7   Hacienda Center   4,250,274   1,105,533   3,144,741   70,994   91,802   2,981,945   92.9%   6/1/2015           TTM 7/31/2015   3,622,561   1,007,162   2,615,399
8   Manhattan Gateway Shopping Center   3,117,784   558,412   2,559,372   31,160   61,500   2,466,712   100.0%   6/1/2015           TTM 5/31/2015   2,978,133   587,482   2,390,651
9   Imperial Village   3,364,667   933,456   2,431,210   29,718   116,285   2,285,206   90.8%   6/30/2015           TTM 7/31/2015   3,676,469   887,195   2,789,274
10   Paper Factory Hotel   5,017,993   2,559,720   2,458,272   200,720   0   2,257,553   64.8%   5/31/2015   166   108   TTM 5/31/2015   4,999,204   2,127,069   2,872,135
11   Lowe’s - San Bruno   2,588,498   515,127   2,073,371   16,028   68,363   1,988,979   100.0%   10/1/2015           Actual 2014   1,866,924   3,701   1,863,223
12   Cooper’s Crossing   9,092,871   4,753,823   4,339,048   223,916   0   4,115,132   90.5%   6/30/2015           TTM 6/30/2015   8,989,079   4,623,583   4,365,496
13   3011 North First Street   2,772,347   646,895   2,125,451   21,924   73,080   2,030,448   100.0%   10/1/2015           Actual 2014   1,872,853   591,280   1,281,573
14   722 12th Street NW   1,938,334   629,395   1,308,939   5,187   51,866   1,251,887   95.3%   4/30/2015           Actual 2014   1,728,837   657,471   1,071,366
15   The Parking Spot LAX   13,945,763   8,119,612   5,826,151   66,140   0   5,760,011   100.0%   10/1/2015           TTM 6/30/2015   14,016,268   9,234,898   4,781,370
16   Fremont Technology Park   1,813,072   536,072   1,277,000   52,983   119,256   1,104,762   100.0%   7/14/2015           Actual 2014   1,358,321   528,690   829,631
17   Royal Oaks Apartments   1,691,734   635,915   1,055,819   14,973   0   1,040,846   97.1%   8/25/2015           TTM 8/31/2015   1,616,720   565,416   1,051,304
18   University Office Plaza   2,943,636   1,499,647   1,443,989   51,614   184,334   1,208,042   80.2%   7/27/2015           TTM 3/31/2015   2,953,815   1,525,247   1,428,568
19   10203 Santa Monica Boulevard   1,212,854   329,553   883,301   3,983   26,554   852,764   100.0%   9/1/2015           Annualized 6 6/30/2015   1,160,451   303,014   857,437
20   Fresh Market Plaza   867,303   173,226   694,077   5,974   19,915   668,188   81.4%   9/11/2015           TTM 7/31/2015   612,674   146,244   466,430
21   100 East Walton   1,788,298   902,517   885,781   9,347   59,572   816,861   86.6%   9/1/2015           TTM 6/30/2015   2,017,289   908,858   1,108,431
22   Haines City Mall   1,347,806   479,650   868,156   17,096   78,311   772,749   94.3%   6/30/2015           TTM 6/30/2015   1,230,945   428,226   802,719
23   Meadowlark Gardens Owners, Inc.   4,837,653   2,704,512   2,133,141   43,200   0   2,133,141   95.0%   6/12/2015                        
24   Creekwood Apartments   1,517,681   735,828   781,852   44,000   0   737,852   99.4%   7/28/2015           Annualized 6 6/30/2015   1,515,512   659,580   855,932
25   Extra Space Storage - Cockeysville   1,191,384   399,509   791,875   10,211   0   781,664   85.5%   5/31/2015           TTM 4/30/2015   1,192,508   397,092   795,416
26   Holiday Inn - New Tampa   2,924,908   2,004,059   920,849   116,996   0   803,853   70.0%   6/30/2015   110   77   TTM 6/30/2015   2,924,908   2,016,154   908,754
27   Sheraton Suites Chicago - Elk Grove   7,152,131   5,971,824   1,180,307   286,085   0   894,222   70.3%   5/31/2015   92   64   TTM 5/31/2015   7,152,131   6,164,235   987,896
28   Birchwood on the Green Owners Corp.   6,374,994   2,459,000   3,915,994   78,000   0   3,915,994   95.0%   5/11/2015                        
29   Chagrin Plaza Beachwood   1,656,776   912,212   744,564   16,854   84,272   643,438   79.1%   5/27/2015           TTM 6/30/2015   1,432,119   981,155   450,964
30   Dollar General Portfolio   695,034   173,478   521,556   4,944   0   516,612   100.0%   10/1/2015           NAV   NAV   NAV   NAV
30.01   Vallejo   257,857   63,523   194,334   1,704   0   192,630   100.0%   10/1/2015           NAV   NAV   NAV   NAV
30.02   Antioch   235,066   60,339   174,727   1,890   0   172,837   100.0%   10/1/2015           NAV   NAV   NAV   NAV
30.03   Winters   202,111   49,616   152,495   1,350   0   151,145   100.0%   10/1/2015           NAV   NAV   NAV   NAV
31   Miraloma Red Gum Business Park   1,638,447   1,033,992   604,455   24,674   60,599   519,181   99.8%   8/3/2015           TTM 5/31/2015   1,638,447   935,458   702,989
32   Redwood Apartments - Texas   766,094   301,758   464,336   20,510   0   443,826   100.0%   7/13/2015           TTM 7/31/2015   811,087   256,911   554,176
33   Willow Glen Plaza   635,164   183,845   451,319   5,564   17,052   428,703   91.4%   6/30/2015           TTM 5/31/2015   706,671   159,692   546,978
34   Budget Self Storage   889,839   322,565   567,274   12,700   0   554,574   88.5%   8/24/2015           TTM 7/31/2015   889,865   224,514   665,351
35   Price Chopper Plaza   1,131,435   478,544   652,891   16,640   57,259   578,993   95.9%   5/22/2015           TTM 4/30/2015   1,153,982   459,420   694,562
36   The Fort Tryon Corp.   1,772,320   739,764   1,032,556   18,000   0   1,032,556   95.0%   6/15/2015                        
37   Stevenson Retail Center   653,708   163,910   489,798   9,037   30,752   450,010   100.0%   6/16/2015           TTM 6/30/2015   669,192   140,290   528,902
38   Holiday Inn Express & Suites - Reidsville   1,557,662   939,646   618,016   62,306   0   555,709   63.8%   6/30/2015   91   58   TTM 6/30/2015   1,557,662   955,627   602,035
39   Walgreens – Clarkston   363,750   3,638   360,113   1,455   0   358,658   100.0%   10/1/2015           NAV   NAV   NAV   NAV
40   Vista La Jolla   801,529   345,438   456,092   8,789   39,950   407,353   88.0%   6/25/2015           TTM 6/30/2015   652,108   289,762   362,346
41   831 Latour Court   489,386   116,805   372,581   3,763   22,071   346,747   100.0%   7/9/2015           TTM 3/31/2015   450,356   113,053   337,303
42   CVS - Frankfort   330,931   3,309   327,622   1,323   0   326,299   100.0%   10/1/2015           NAV   NAV   NAV   NAV
43   Rainbow Towne Storage   590,616   208,770   381,846   11,430   0   370,416   88.1%   7/7/2015           TTM 7/31/2015   590,666   211,893   378,772
44   14120 Crosby Lynchburg Road   338,200   10,146   328,054   1,575   0   326,479   100.0%   10/1/2015           NAV   NAV   NAV   NAV
45   Tudor Arms Owners Corp.   1,149,767   537,077   612,690   11,400   0   612,690   95.0%   7/9/2015                        
46   Green Township Self Storage   771,201   329,653   441,548   13,245   0   428,303   89.8%   3/31/2015           TTM 6/30/2015   771,844   293,362   478,483
47   The Manton House Corp.   822,819   330,000   492,819   9,200   0   492,819   95.0%   5/4/2015                        
48   USCBP 10 Airport Road Shelby   322,960   105,280   217,680   2,770   16,292   198,619   100.0%   10/1/2015           TTM 3/31/2015   339,958   91,587   248,371
49   111 Tenants Corp.   1,717,410   816,826   900,584   7,000   0   900,584   95.0%   6/24/2015                        
50   606 Locust Avenue   213,446   6,403   207,043   1,350   9,000   196,693   100.0%   10/1/2015           NAV   NAV   NAV   NAV
51   49 East Owners Corp.   2,002,182   708,739   1,293,443   9,000   0   1,293,443   95.0%   6/19/2015                        
52   Monroe Retail Center   301,467   78,082   223,385   3,564   16,200   203,621   100.0%   8/1/2015           TTM 6/30/2015   314,998   78,545   236,453
53   Parkside Association, Inc.   817,709   243,600   574,109   8,400   0   574,109   97.0%   6/5/2015                        
54   East 72 Tenants Corp.   6,085,869   2,156,900   3,928,969   15,400   0   3,928,969   94.4%   4/24/2015                        
55   Carolyn Court Owners, Inc.   680,818   282,000   398,818   6,500   0   398,818   95.0%   6/26/2015                        
56   Bellcourt Owners, Inc.   692,815   235,300   457,515   5,900   0   457,515   96.0%   6/9/2015                        

 

A-1-6
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                             
Mortgage
Loan Number
  Property Name   Most Recent
Capital
Expenditures
  Most Recent
NCF ($)
  Most Recent
Hotel ADR
  Most Recent Hotel
RevPAR
  Second Most Recent
Period
  Second Most
Recent

Revenues ($)
  Second Most
Recent

Expenses ($)
  Second Most
Recent

NOI ($)
  Second Most Recent
Capital Expenditures
  Second Most
Recent

NCF ($)
  Second Most
Recent

Hotel ADR
  Second Most
Recent

Hotel RevPAR
  Third Most Recent
Period
  Third Most
Recent

Revenues ($)
1   One Court Square   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
2   Huntington by the Sea   0   6,108,520           Actual 2014   7,877,438   1,926,427   5,951,011   0   5,951,011           Actual 2013   7,140,808
3   Yosemite Resorts   0   11,616,089   157   99   Actual 2014   19,661,390   8,759,006   10,902,384   0   10,902,384   160   94   Actual 2013   18,074,638
3.01   Yosemite View Lodge   0   8,439,831   169   110   Actual 2014   13,288,934   5,380,734   7,908,200   0   7,908,200   170   104   Actual 2013   12,020,209
3.02   Yosemite Cedar Lodge   0   3,176,258   139   80   Actual 2014   6,372,456   3,378,272   2,994,184   0   2,994,184   145   78   Actual 2013   6,054,429
4   Northline Commons   0   5,350,667           Actual 2014   9,126,069   3,850,924   5,275,145   0   5,275,145           Actual 2013   8,741,802
5   Hilton Nashville   1,404,119   13,114,596   258   215   Actual 2014   32,009,347   18,830,904   13,178,443   1,280,374   11,898,069   241   194   Actual 2013   26,653,005
6   11 Madison Avenue   0   46,389,392           Actual 2014   69,880,799   23,175,050   46,705,749   0   46,705,749           Actual 2013   69,947,780
7   Hacienda Center   0   2,615,399           Actual 2014   3,630,066   1,019,776   2,610,290   0   2,610,290           Actual 2013   3,843,836
8   Manhattan Gateway Shopping Center   0   2,390,651           Actual 2014   2,796,878   570,908   2,225,970   0   2,225,970           Actual 2013   2,717,584
9   Imperial Village   0   2,789,274           Actual 2014   3,650,897   930,844   2,720,053   0   2,720,053           Actual 2013   3,589,894
10   Paper Factory Hotel   0   2,872,135   166   108   Actual 2014   4,226,931   1,906,357   2,320,574   0   2,320,574   179   94   NAV   NAV
11   Lowe’s - San Bruno   0   1,863,223           Actual 2013   1,866,924   3,433   1,863,491   0   1,863,491           Actual 2012   1,866,924
12   Cooper’s Crossing   0   4,365,496           Actual 2014   8,876,724   4,957,777   3,918,947   0   3,918,947           Actual 2013   7,858,197
13   3011 North First Street   0   1,281,573           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
14   722 12th Street NW   0   1,071,366           Actual 2013   1,548,553   626,351   922,202   0   922,202           Actual 2012   1,722,592
15   The Parking Spot LAX   0   4,781,370           Actual 2014   14,097,876   9,053,691   5,044,185   0   5,044,185           Actual 2013   13,551,985
16   Fremont Technology Park   0   829,631           Actual 2013   1,658,919   557,375   1,101,544   0   1,101,544           NAV   NAV
17   Royal Oaks Apartments   0   1,051,304           Actual 2014   1,559,645   604,720   954,925   0   954,925           Actual 2013   1,441,564
18   University Office Plaza   0   1,428,568           Actual 2014   2,963,438   1,529,025   1,434,413   0   1,434,413           Actual 2013   3,189,683
19   10203 Santa Monica Boulevard   0   857,437           Actual 2014   873,330   277,546   595,784   0   595,784           Actual 2013   918,468
20   Fresh Market Plaza   0   466,430           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
21   100 East Walton   0   1,108,431           Actual 2014   1,772,482   917,660   854,822   0   854,822           Actual 2013   1,555,998
22   Haines City Mall   0   802,719           Actual 2014   1,264,629   442,129   822,500   0   822,500           Actual 2013   1,165,999
23   Meadowlark Gardens Owners, Inc.                                                        
24   Creekwood Apartments   0   855,932           TTM 10/31/2014   1,465,359   731,578   733,781   0   733,781           NAV   NAV
25   Extra Space Storage - Cockeysville   0   795,416           Actual 2014   1,180,328   408,426   771,902   0   771,902           Actual 2013   1,158,907
26   Holiday Inn - New Tampa   52,080   856,674   110   77   Actual 2014   2,794,886   1,971,617   823,269   76,408   746,861   107   73   Actual 2013   2,298,501
27   Sheraton Suites Chicago - Elk Grove   286,085   701,811   92   64   Actual 2014   6,957,662   6,158,612   799,050   278,306   520,744   91   61   Actual 2013   6,979,782
28   Birchwood on the Green Owners Corp.                                                        
29   Chagrin Plaza Beachwood   0   450,964           Actual 2014   1,414,409   969,081   445,328   0   445,328           Actual 2013   1,373,411
30   Dollar General Portfolio   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
30.01   Vallejo   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
30.02   Antioch   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
30.03   Winters   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
31   Miraloma Red Gum Business Park   0   702,989           Actual 2014   1,571,630   934,381   637,249   0   637,249           Actual 2013   1,473,833
32   Redwood Apartments - Texas   0   554,176           Actual 2014   814,484   275,545   538,939   0   538,939           Actual 2013   788,805
33   Willow Glen Plaza   0   546,978           Actual 2014   696,246   160,532   535,714   0   535,714           Actual 2013   657,196
34   Budget Self Storage   0   665,351           Actual 2014   867,885   214,181   653,703   0   653,703           Actual 2013   821,315
35   Price Chopper Plaza   0   694,562           Actual 2014   1,091,636   444,500   647,136   0   647,136           Actual 2013   1,072,596
36   The Fort Tryon Corp.                                                        
37   Stevenson Retail Center   0   528,902           Actual 2014   663,515   133,842   529,673   0   529,673           Actual 2013   579,750
38   Holiday Inn Express & Suites - Reidsville   62,306   539,729   91   58   Actual 2014   1,515,571   926,943   588,628   60,623   528,005   91   57   Actual 2013   1,427,588
39   Walgreens – Clarkston   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
40   Vista La Jolla   0   362,346           Actual 2014   648,465   279,439   369,026   0   369,026           Actual 2013   686,608
41   831 Latour Court   0   337,303           Actual 2014   463,318   113,766   349,552   0   349,552           Actual 2013   437,532
42   CVS - Frankfort   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
43   Rainbow Towne Storage   0   378,772           Actual 2014   549,368   202,481   346,887   0   346,887           Actual 2013   568,083
44   14120 Crosby Lynchburg Road   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
45   Tudor Arms Owners Corp.                                                        
46   Green Township Self Storage   0   478,483           Actual 2014   752,431   274,781   477,651   0   477,651           Actual 2013   688,199
47   The Manton House Corp.                                                        
48   USCBP 10 Airport Road Shelby   0   248,371           Actual 2014   339,577   93,695   245,882   0   245,882           Actual 2013   338,346
49   111 Tenants Corp.                                                        
50   606 Locust Avenue   NAV   NAV           NAV   NAV   NAV   NAV   NAV   NAV           NAV   NAV
51   49 East Owners Corp.                                                        
52   Monroe Retail Center   0   236,453           Actual 2014   311,678   76,708   234,970   0   234,970           Actual 2013   303,690
53   Parkside Association, Inc.                                                        
54   East 72 Tenants Corp.                                                        
55   Carolyn Court Owners, Inc.                                                        
56   Bellcourt Owners, Inc.                                                        

 

A-1-7
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                 
Mortgage
Loan Number
  Property Name   Third Most Recent
Expenses ($)
  Third Most Recent
NOI ($)
  Third Most Recent
Capital Expenditures
  Third Most Recent
NCF ($)
  Third Most Recent
Hotel ADR
  Third Most Recent
Hotel RevPAR
  Master
Lease (Y/N)
  Largest Tenant Name(5)(6)(7)(8)(9)   Largest Tenant
Sq. Ft.
  Largest
Tenant
% of NRA
  Largest Tenant
Exp. Date
1   One Court Square   NAV   NAV   NAV   NAV           N   Citibank, N.A.   1,401,609   100.0%   5/11/2020
2   Huntington by the Sea   1,802,666   5,338,142   0   5,338,142           N                
3   Yosemite Resorts   8,162,266   9,912,372   0   9,912,372   152   86   N                
3.01   Yosemite View Lodge   4,944,716   7,075,493   0   7,075,493   162   94   N                
3.02   Yosemite Cedar Lodge   3,217,550   2,836,879   0   2,836,879   138   74   N                
4   Northline Commons   3,398,370   5,343,432   0   5,343,432           N   Burlington Coat Factory   66,417   14.9%   1/31/2022
5   Hilton Nashville   17,352,776   9,300,229   1,066,120   8,234,109   223   155   N                
6   11 Madison Avenue   22,896,733   47,051,047   0   47,051,047           N   Credit Suisse     1,266,051   55.4%   5/31/2037
7   Hacienda Center   1,035,179   2,808,657   0   2,808,657           N   Tawa Supermarket   30,500   24.9%   3/31/2018
8   Manhattan Gateway Shopping Center   689,249   2,028,335   0   2,028,335           N   Old Navy   25,000   30.5%   9/30/2019
9   Imperial Village   887,416   2,702,478   0   2,702,478           N   Superior Grocers   40,000   26.9%   3/31/2030
10   Paper Factory Hotel   NAV   NAV   NAV   NAV   NAV   NAV   N                
11   Lowe’s - San Bruno   3,433   1,863,491   0   1,863,491           N   Lowe’s HiW, Inc.   106,854   100.0%   12/31/2025
12   Cooper’s Crossing   4,211,861   3,646,336   0   3,646,336           N                
13   3011 North First Street   NAV   NAV   NAV   NAV           N   Intermolecular, Inc.   146,159   100.0%   6/30/2025
14   722 12th Street NW   609,993   1,112,599   0   1,112,599           N   Americans For Tax Reform   16,720   48.4%   1/31/2024
15   The Parking Spot LAX   8,291,420   5,260,565   0   5,260,565           N                
16   Fremont Technology Park   NAV   NAV   NAV   NAV           N   Intematix Corporation   75,765   54.3%   9/30/2022
17   Royal Oaks Apartments   602,662   838,902   0   838,902           N                
18   University Office Plaza   1,464,437   1,725,246   0   1,725,246           N   State of DE Dept. of Health and Social Service   33,301   18.1%   7/31/2021
19   10203 Santa Monica Boulevard   273,755   644,713   0   644,713           N   SP Operations, LLC   12,888   48.5%   1/1/2019
20   Fresh Market Plaza   NAV   NAV   NAV   NAV           N   The Fresh Market, Inc.   20,105   50.5%   5/14/2024
21   100 East Walton   849,672   706,326   0   706,326           N   Gaylord (India) Restaurant   6,537   14.0%   5/31/2018
22   Haines City Mall   351,601   814,398   0   814,398           N   Publix   44,271   36.3%   1/31/2024
23   Meadowlark Gardens Owners, Inc.                                            
24   Creekwood Apartments   NAV   NAV   NAV   NAV           N                
25   Extra Space Storage - Cockeysville   413,053   745,855   0   745,855           N                
26   Holiday Inn - New Tampa   1,766,167   532,334   67,065   465,269   100   69   N                
27   Sheraton Suites Chicago - Elk Grove   5,836,925   1,142,857   307,584   835,273   88   61   N                
28   Birchwood on the Green Owners Corp.                                            
29   Chagrin Plaza Beachwood   980,564   392,847   0   392,847           N   Benihana   10,393   9.2%   6/30/2019
30   Dollar General Portfolio   NAV   NAV   NAV   NAV           N   Various   Various   Various   Various
30.01   Vallejo   NAV   NAV   NAV   NAV           N   Dollar General -Vallejo   11,357   100.0%   4/30/2029
30.02   Antioch   NAV   NAV   NAV   NAV           N   Dollar General - Antioch   12,600   100.0%   5/31/2029
30.03   Winters   NAV   NAV   NAV   NAV           N   Dollar General - Winters   9,002   100.0%   1/31/2030
31   Miraloma Red Gum Business Park   935,806   538,027   0   538,027           N   Hobel, Incorporated   7,105   4.3%   8/31/2017
32   Redwood Apartments - Texas   246,993   541,813   0   541,813           N                
33   Willow Glen Plaza   159,216   497,980   0   497,980           N   Walgreens Corp.   16,830   60.5%   7/31/2045
34   Budget Self Storage   257,911   563,405   0   563,405           N                
35   Price Chopper Plaza   425,961   646,635   0   646,635           N   Price Chopper   49,141   44.3%   6/30/2020
36   The Fort Tryon Corp.                                            
37   Stevenson Retail Center   121,921   457,830   0   457,830           N   Laser Tagging   9,660   31.3%   1/17/2016
38   Holiday Inn Express & Suites - Reidsville   869,317   558,271   57,104   501,168   86   53   N                
39   Walgreens – Clarkston   NAV   NAV   NAV   NAV           N   Walgreens   14,550   100.0%   4/30/2090
40   Vista La Jolla   265,273   421,335   0   421,335           N   Global Equity Fin. Inc   13,678   34.2%   4/30/2018
41   831 Latour Court   109,900   327,632   0   327,632           N   Royce Instruments   12,647   33.6%   3/31/2017
42   CVS - Frankfort   NAV   NAV   NAV   NAV           N   CVS   13,225   100.0%   1/31/2040
43   Rainbow Towne Storage   212,804   355,279   0   355,279           N                
44   14120 Crosby Lynchburg Road   NAV   NAV   NAV   NAV           N   Neighbors Emergency Center   10,500   100.0%   5/31/2030
45   Tudor Arms Owners Corp.                                            
46   Green Township Self Storage   251,874   436,325   0   436,325           N                
47   The Manton House Corp.                                            
48   USCBP 10 Airport Road Shelby   96,462   241,884   0   241,884           N   General Services Administration   16,292   100.0%   5/31/2025
49   111 Tenants Corp.                                            
50   606 Locust Avenue   NAV   NAV   NAV   NAV           N   Liberty Dialysis   9,000   100.0%   2/28/2023
51   49 East Owners Corp.                                            
52   Monroe Retail Center   72,968   230,723   0   230,723           N   Auto Zone   7,485   69.3%   4/30/2026
53   Parkside Association, Inc.                                            
54   East 72 Tenants Corp.                                            
55   Carolyn Court Owners, Inc.                                            
56   Bellcourt Owners, Inc.                                            

 

A-1-8
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                     
Mortgage
Loan Number
  Property Name   2nd Largest Tenant Name(5)(6)(7)   2nd Largest
Tenant

Sq. Ft.
  2nd Largest
Tenant
% of NRA
  2nd Largest
Tenant

Exp. Date
  3rd Largest Tenant
Name(5)(6)
  3rd Largest
Tenant

Sq. Ft.
  3rd Largest
Tenant
% of NRA
  3rd Largest
Tenant

Exp. Date
  4th Largest Tenant Name(5)(6)   4th Largest
Tenant

Sq. Ft.
  4th Largest
Tenant
% of NRA
  4th Largest
Tenant

Exp. Date
1   One Court Square                                                
2   Huntington by the Sea                                                
3   Yosemite Resorts                                                
3.01   Yosemite View Lodge                                                
3.02   Yosemite Cedar Lodge                                                
4   Northline Commons   Conn’s   42,697   9.6%   8/31/2025   Palais Royal   30,000   6.7%   12/31/2017   Ross Dress For Less   29,990   6.7%   1/31/2020
5   Hilton Nashville                                                
6   11 Madison Avenue   Sony   578,791   25.3%   1/31/2031   Yelp   152,232   6.7%   4/30/2025   WME   103,426   4.5%   9/30/2030
7   Hacienda Center   Bank of America   11,515   9.4%   6/30/2016   Shi Ha Restaurant   9,964   8.1%   5/31/2025   Little Sheep Mongolian Hot Pot   6,515   5.3%   6/30/2020
8   Manhattan Gateway Shopping Center   Barnes & Noble   23,000   28.0%   1/31/2020   Trader Joe’s   10,000   12.2%   12/31/2019   Pier 1 Imports   10,000   12.2%   2/29/2020
9   Imperial Village   Rite Aid   17,000   11.4%   5/31/2019   Dollar Tree   10,804   7.3%   3/31/2017   Big 5 Corp   10,714   7.2%   1/31/2021
10   Paper Factory Hotel                                                
11   Lowe’s - San Bruno                                                
12   Cooper’s Crossing                                                
13   3011 North First Street                                                
14   722 12th Street NW   VOA Associates, Inc.   10,363   30.0%   3/31/2018   270 Strategies, Inc.   5,875   17.0%   12/31/2020                
15   The Parking Spot LAX                                                
16   Fremont Technology Park   Oryx Advanced Materials, Inc   25,510   18.3%   1/31/2018   MyoScience, Inc.   19,528   14.0%   8/31/2020   TR Manufacturing Inc.   18,626   13.4%   12/31/2018
17   Royal Oaks Apartments                                                
18   University Office Plaza   The Department of Services for Children, Youth and Their Families   29,159   15.8%   12/31/2019   Horizon House   8,274   4.5%   6/30/2020   Substation Engineering   8,037   4.4%   2/29/2016
19   10203 Santa Monica Boulevard   Sobini   4,367   16.4%   10/31/2019   No Good Entertainment   4,321   16.3%   10/31/2015   Phoenix Pictures   1,993   7.5%   1/1/2016
20   Fresh Market Plaza   Smash Burger   3,252   8.2%   2/1/2025   The Curtain Exchange   2,700   6.8%   7/1/2020   Compliments of the Chef   2,285   5.7%   12/1/2019
21   100 East Walton   Mag Mile Salon Group (Phenix)   5,673   12.1%   2/28/2023   Colette A Hair Salon   3,805   8.1%   2/29/2016   Dermalogica Inc   3,752   8.0%   3/30/2016
22   Haines City Mall   Bealls Outlet   20,023   16.4%   4/30/2023   Aaron’s Inc.   11,200   9.2%   3/31/2021   Dollar General   11,000   9.0%   5/31/2021
23   Meadowlark Gardens Owners, Inc.                                                
24   Creekwood Apartments                                                
25   Extra Space Storage - Cockeysville                                                
26   Holiday Inn - New Tampa                                                
27   Sheraton Suites Chicago - Elk Grove                                                
28   Birchwood on the Green Owners Corp.                                                
29   Chagrin Plaza Beachwood   Ninesigma, Inc.   8,574   7.6%   1/31/2019   Goldberg Companies   6,300   5.6%   7/31/2020   Northcoast Health Care   4,805   4.2%   7/31/2017
30   Dollar General Portfolio                                                
30.01   Vallejo                                                
30.02   Antioch                                                
30.03   Winters                                                
31   Miraloma Red Gum Business Park   Double JJ Enterprises, Inc.   6,000   3.6%   12/31/2017   William Martin Akers   4,896   3.0%   5/31/2016   Specialty Apartmentsupply, Inc.   4,519   2.7%   9/30/2017
32   Redwood Apartments - Texas                                                
33   Willow Glen Plaza   Laundromat   2,000   7.2%   6/30/2019   Thai Spice   1,919   6.9%   7/31/2021   Focus Hair & Nail Salon   1,000   3.6%   8/31/2017
34   Budget Self Storage                                                
35   Price Chopper Plaza   Tractor Supply Company   28,191   25.4%   6/30/2021   Peter Harris   14,400   13.0%   1/31/2021   Easy Home   5,000   4.5%   4/30/2016
36   The Fort Tryon Corp.                                                
37   Stevenson Retail Center   KOA Training Company, LLC   9,454   30.7%   6/22/2020   Dr. Wayne Holstom, O.D.   3,825   12.4%   1/31/2019   Doctor’s Express   2,451   7.9%   7/31/2021
38   Holiday Inn Express & Suites - Reidsville                                                
39   Walgreens – Clarkston                                                
40   Vista La Jolla   Plant With Purpose   3,896   9.8%   7/31/2019   North American Equity   3,737   9.4%   11/30/2018   Morena Real Estate   2,450   6.1%   3/31/2018
41   831 Latour Court   Darioush   11,160   29.7%   7/31/2018   Vinperfect   7,130   18.9%   10/31/2019   California Mentor   2,869   7.6%   1/31/2017
42   CVS - Frankfort                                                
43   Rainbow Towne Storage                                                
44   14120 Crosby Lynchburg Road                                                
45   Tudor Arms Owners Corp.                                                
46   Green Township Self Storage                                                
47   The Manton House Corp.                                                
48   USCBP 10 Airport Road Shelby                                                
49   111 Tenants Corp.                                                
50   606 Locust Avenue                                                
51   49 East Owners Corp.                                                
52   Monroe Retail Center   Payless Shoe Source   3,315   30.7%   9/30/2015                                
53   Parkside Association, Inc.                                                
54   East 72 Tenants Corp.                                                
55   Carolyn Court Owners, Inc.                                                
56   Bellcourt Owners, Inc.                                                

 

A-1-9
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                         
Mortgage
Loan Number
  Property Name   5th Largest Tenant Name(6)   5th Largest
Tenant Sq. Ft.
  5th Largest
Tenant
% of NRA
  5th Largest Tenant
Exp. Date
  Engineering
Report Date
  Environmental
Report Date (Phase I)
  Environmental
Report Date
 (Phase II)
  Seismic Report
Date
  Seismic
PML %
  Seismic
Insurance
Required  (Y/N)
  Terrorism
Insurance (Y/N)
  Loan Purpose   Engineering
Escrow /
Deferred
Maintenance ($)
1   One Court Square                   8/12/2015   8/12/2015               N   Y   Refinance   0
2   Huntington by the Sea                   6/17/2015   6/17/2015       6/17/2015   8.0%   N   Y   Refinance   875
3   Yosemite Resorts                   Various   8/7/2015       8/7/2015   Various   N   Y   Refinance   0
3.01   Yosemite View Lodge                   8/17/2015   8/7/2015       8/7/2015   8.0%   N   Y        
3.02   Yosemite Cedar Lodge                   8/19/2015   8/7/2015       8/7/2015   7.0%   N   Y        
4   Northline Commons   Marshalls   28,105   6.3%   8/31/2018   7/24/2015   7/24/2015               N   Y   Refinance   0
5   Hilton Nashville                   6/15/2015   6/15/2015               N   Y   Refinance   0
6   11 Madison Avenue   Young & Rubicam, Inc.   99,107   4.3%   3/30/2019   4/30/2015   4/30/2015               N   Y   Acquisition   0
7   Hacienda Center   California Bank & Trust   6,000   4.9%   4/30/2018   3/11/2015   3/12/2015       3/11/2015   15.0%   N   Y   Refinance   0
8   Manhattan Gateway Shopping Center   Il Fornaio   8,000   9.8%   11/30/2019   6/4/2015   4/7/2015       6/4/2015   9.0%   N   Y   Refinance   0
9   Imperial Village   Aaron’s   10,092   6.8%   5/31/2017   5/22/2015   5/22/2015       5/20/2015   16.0%   N   Y   Refinance   0
10   Paper Factory Hotel                   4/27/2015   4/27/2015               N   Y   Refinance   5,875
11   Lowe’s - San Bruno                   6/4/2015   6/9/2015       6/10/2015   13.0%   N   N   Refinance   0
12   Cooper’s Crossing                   10/29/2014   10/29/2014               N   Y   Acquisition   490,600
13   3011 North First Street                   3/23/2015   3/23/2015       3/23/2015   16.0%   N   Y   Acquisition   0
14   722 12th Street NW                   6/2/2015   6/2/2015               N   Y   Refinance   8,750
15   The Parking Spot LAX                   6/30/2015   7/2/2015       6/30/2015   11.0%   N   Y   Refinance   0
16   Fremont Technology Park                   7/30/2015   7/29/2015       7/30/2015   18.0%   N   Y   Acquisition   0
17   Royal Oaks Apartments                   7/30/2015   7/30/2015               N   Y   Acquisition   0
18   University Office Plaza   The Oppenheimer Group   7,800   4.2%   9/30/2016   7/9/2015   7/9/2015               N   Y   Acquisition   10,188
19   10203 Santa Monica Boulevard   More Medavoy Management   1,041   3.9%   12/31/2015   7/10/2015   7/10/2015       7/12/2015   17.0%   N   Y   Refinance   625
20   Fresh Market Plaza   Gennaro’s Pizza   2,093   5.3%   10/1/2019   7/27/2015   7/27/2015               N   Y   Refinance   0
21   100 East Walton   Achieve Orthopedic Rehab   3,752   8.0%   12/31/2018   4/27/2015   4/27/2015               N   Y   Refinance   0
22   Haines City Mall   Buddy’s Home Furnishing   6,000   4.9%   12/31/2019   7/28/2015   7/28/2015               N   Y   Acquisition   0
23   Meadowlark Gardens Owners, Inc.                   6/22/2015   6/17/2015               N   Y   Refinance   0
24   Creekwood Apartments                   8/12/2015   8/12/2015               N   Y   Refinance   3,250
25   Extra Space Storage - Cockeysville                   7/20/2015   7/20/2015               N   Y   Refinance   0
26   Holiday Inn - New Tampa                   7/20/2015   7/20/2015               N   Y   Refinance   0
27   Sheraton Suites Chicago - Elk Grove                   6/18/2015   6/17/2015               N   Y   Refinance   1,650
28   Birchwood on the Green Owners Corp.                   6/5/2015   6/10/2015               N   Y   Refinance   0
29   Chagrin Plaza Beachwood   Craig W. Relman Co., L.P.A.   3,201   2.8%   12/31/2019   7/13/2015   7/13/2015               N   Y   Acquisition   251,875
30   Dollar General Portfolio                   5/15/2015   Various       5/18/2015   Various   N   Y   Refinance   2,500
30.01   Vallejo                   5/15/2015   5/20/2015       5/18/2015   18.0%   N   Y        
30.02   Antioch                   5/15/2015   5/15/2015       5/18/2015   16.0%   N   Y        
30.03   Winters                   5/15/2015   5/15/2015       5/18/2015   4.0%   N   Y        
31   Miraloma Red Gum Business Park   Platinum Plumbing Services Co.   4,180   2.5%   1/31/2018   7/10/2015   8/11/2015       7/10/2015   15.0%   N   Y   Refinance   0
32   Redwood Apartments - Texas                   7/21/2015   7/21/2015               N   Y   Refinance   0
33   Willow Glen Plaza   Charlie’s Cleaners   1,000   3.6%   11/30/2018   7/10/2015   7/10/2015       7/10/2015   10.0%   N   Y   Refinance   0
34   Budget Self Storage                   8/5/2015   8/5/2015       8/5/2015   13.0%   N   Y   Refinance   0
35   Price Chopper Plaza   Gamestop   2,500   2.3%   5/31/2017   7/13/2015   7/9/2015               N   Y   Refinance   22,500
36   The Fort Tryon Corp.                   7/1/2015   6/30/2015               N   Y   Refinance   0
37   Stevenson Retail Center   Starbucks   1,680   5.4%   8/31/2024   7/7/2015   7/7/2015       7/7/2015   14.0%   N   Y   Refinance   0
38   Holiday Inn Express & Suites - Reidsville                   7/9/2015   7/8/2015               N   Y   Refinance   0
39   Walgreens – Clarkston                   6/10/2015   6/10/2015               N   N   Refinance   0
40   Vista La Jolla   Michael Boulger   2,334   5.8%   12/31/2016   7/14/2015   7/14/2015       7/14/2015   7.0%   N   Y   Acquisition   0
41   831 Latour Court   Sapien  Technologies   2,525   6.7%   7/31/2016   8/7/2015   8/7/2015       8/7/2015   16.0%   N   Y   Refinance   0
42   CVS - Frankfort                   6/26/2015   7/1/2015               N   N   Acquisition   0
43   Rainbow Towne Storage                   7/27/2015   7/27/2015               N   Y   Refinance   0
44   14120 Crosby Lynchburg Road                   6/16/2015   6/16/2015               N   Y   Acquisition   0
45   Tudor Arms Owners Corp.                   7/23/2015   7/23/2015               N   Y   Refinance   0
46   Green Township Self Storage                   3/30/2015   3/30/2015               N   Y   Refinance   0
47   The Manton House Corp.                   5/13/2015   5/12/2015               N   Y   Refinance   0
48   USCBP 10 Airport Road Shelby                   4/24/2015   4/23/2015               N   Y   Acquisition   9,288
49   111 Tenants Corp.                   7/10/2015   7/8/2015               N   Y   Refinance   0
50   606 Locust Avenue                   7/16/2015   7/16/2015               N   Y   Acquisition   0
51   49 East Owners Corp.                   6/25/2015   6/25/2015               N   Y   Refinance   0
52   Monroe Retail Center                   7/27/2015   7/27/2015       7/24/2015   11.0%   N   Y   Refinance   0
53   Parkside Association, Inc.                   6/17/2015   6/17/2015               N   Y   Refinance   0
54   East 72 Tenants Corp.                   5/5/2015   5/4/2015               N   Y   Refinance   0
55   Carolyn Court Owners, Inc.                   7/10/2015   6/26/2015               N   Y   Refinance   0
56   Bellcourt Owners, Inc.                   6/17/2015   6/15/2015               N   Y   Refinance   0

 

A-1-10
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                     
Mortgage
Loan Number
  Property Name   Tax Escrow
(Initial)
  Monthly Tax
Escrow ($)
  Tax Escrow -
Cash or LoC
  Tax Escrow -
LoC Counterparty
  Insurance
Escrow (Initial)
  Monthly Insurance
Escrow ($)
  Insurance Escrow -
Cash or LoC
  Insurance Escrow -
LoC Counterparty
  Upfront Replacement
Reserve ($)
  Monthly Replacement Reserve ($)(10)   Replacement
Reserve Cap ($)
  Replacement Reserve
Escrow - Cash or LoC
1   One Court Square   0   Springing           0   Springing           0   Springing   0    
2   Huntington by the Sea   102,260   12,782   Cash       22,339   Springing   Cash       0   4,463; Springing   160,650   Cash
3   Yosemite Resorts   258,877   32,360   Cash       137,968   43,533   Cash       0   1/12 of 4.0% of prior year’s gross revenues   0   Cash
3.01   Yosemite View Lodge                                                
3.02   Yosemite Cedar Lodge                                                
4   Northline Commons   1,409,139   156,571; Springing   Cash       0   Springing           0   7,874   0   Cash
5   Hilton Nashville   651,449   108,575   Cash       0   Springing           0   121,141   0   Cash
6   11 Madison Avenue   0   Springing           0   Springing           0   Springing   0    
7   Hacienda Center   379,508   47,439   Cash       5,637   Springing   Cash       105,000   5,916   0   Cash
8   Manhattan Gateway Shopping Center   177,711   22,214   Cash       29,605   2,691   Cash       0   2,597   0   Cash
9   Imperial Village   200,508   33,418   Cash       0   Springing           70,000   Springing   70,000   Cash
10   Paper Factory Hotel   28,836   9,612   Cash       57,648   5,241   Cash       0   16,726   0   Cash
11   Lowe’s - San Bruno   0   Springing           0   Springing           0   Springing   0    
12   Cooper’s Crossing   519,863   57,763   Cash       21,600   21,600   Cash       2,007,191   18,660   0   Cash
13   3011 North First Street   173,502   34,700   Cash       12,988   1,855   Cash       3,654   1,827   100,000   Cash
14   722 12th Street NW   115,620   26,252   Cash       0   Springing           0   432   0   Cash
15   The Parking Spot LAX   0   0           0   0           0   0   0    
16   Fremont Technology Park   90,306   15,051   Cash       0   Springing           0   4,300   103,200   Cash
17   Royal Oaks Apartments   312,677   28,425   Cash       8,009   4,005   Cash       0   1,438; Springing   34,500   Cash
18   University Office Plaza   0   24,029   Cash       3,246   3,246   Cash       0   4,301   0   Cash
19   10203 Santa Monica Boulevard   78,026   9,753   Cash       3,818   1,909   Cash       0   332   0   Cash
20   Fresh Market Plaza   20,516   6,355   Cash       1,384   1,384   Cash       0   498   0   Cash
21   100 East Walton   0   Springing           0   Springing           0   Springing   0    
22   Haines City Mall   158,217   13,185   Cash       12,135   4,045   Cash       0   1,425   68,384   Cash
23   Meadowlark Gardens Owners, Inc.   0   Springing           0   Springing           0   0   0    
24   Creekwood Apartments   140,772   11,731   Cash       63,168   5,743   Cash       0   3,667   132,000   Cash
25   Extra Space Storage - Cockeysville   23,841   7,947   Cash       0   Springing           0   851; Springing   20,423   Cash
26   Holiday Inn - New Tampa   100,712   9,156   Cash       47,364   4,306   Cash       0   9,750   0   Cash
27   Sheraton Suites Chicago - Elk Grove   79,340   39,670   Cash       80,862   6,220   Cash       0   17,880   0   Cash
28   Birchwood on the Green Owners Corp.   223,897   55,974   Cash       0   Springing           0   0   0    
29   Chagrin Plaza Beachwood   26,347   13,173   Cash       2,619   2,619   Cash       0   1,592   0   Cash
30   Dollar General Portfolio   34,945   8,736   Cash       6,843   978   Cash       0   412   0   Cash
30.01   Vallejo                                                
30.02   Antioch                                                
30.03   Winters                                                
31   Miraloma Red Gum Business Park   43,308   7,173   Cash       3,564   1,782   Cash       0   2,056   50,000   Cash
32   Redwood Apartments - Texas   78,750   8,750   Cash       27,863   2,786   Cash       61,530   1,709   61,530   Cash
33   Willow Glen Plaza   35,150   7,030   Cash       1,501   1,501   Cash       0   464   11,128   Cash
34   Budget Self Storage   32,907   4,701   Cash       0   Springing           0   1,058   25,392   Cash
35   Price Chopper Plaza   210,000   24,658   Cash       35,428   2,952   Cash       0   4,622   0   Cash
36   The Fort Tryon Corp.   9,187   9,187   Cash       0   Springing           0   0   0    
37   Stevenson Retail Center   30,180   5,030   Cash       0   Springing           0   753   18,072   Cash
38   Holiday Inn Express & Suites - Reidsville   37,356   3,736   Cash       5,926   1,482   Cash       0   5,192   0   Cash
39   Walgreens – Clarkston   0   Springing           0   Springing           0   Springing   0    
40   Vista La Jolla   55,763   6,196   Cash       1,880   1,880   Cash       0   732; Springing   35,156   Cash
41   831 Latour Court   28,829   4,805   Cash       0   Springing           0   314   7,536   Cash
42   CVS - Frankfort   0   Springing           0   Springing           0   Springing   0    
43   Rainbow Towne Storage   1,974   1,974   Cash       3,403   340   Cash       0   Springing   0    
44   14120 Crosby Lynchburg Road   14,974   1,872   Cash       1,306   653   Cash       0   131   0   Cash
45   Tudor Arms Owners Corp.   31,266   5,587   Cash       0   Springing           0   0   0    
46   Green Township Self Storage   5,453   5,453   Cash       2,292   764   Cash       0   1,104   0   Cash
47   The Manton House Corp.   8,000   8,000   Cash       0   Springing           0   0   0    
48   USCBP 10 Airport Road Shelby   1,139   1,139   Cash       544   272   Cash       0   231   0   Cash
49   111 Tenants Corp.   0   Springing           0   Springing           0   0   0    
50   606 Locust Avenue   24,172   Springing   Cash       4,780   Springing   Cash       0   113   0   Cash
51   49 East Owners Corp.   0   Springing           0   Springing           0   0   0    
52   Monroe Retail Center   2,808   2,808   Cash       6,132   681   Cash       0   297   10,692   Cash
53   Parkside Association, Inc.   0   Springing           0   Springing           0   0   0    
54   East 72 Tenants Corp.   0   Springing           0   Springing           0   0   0    
55   Carolyn Court Owners, Inc.   0   Springing           0   Springing           0   0   0    
56   Bellcourt Owners, Inc.   4,747   4,747   Cash       0   Springing           0   0   0    

 

A-1-11
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                                 
Mortgage
Loan Number
  Property Name   Replacement Reserve
Escrow -
LoC Counterparty
  Upfront TI/LC
Reserve ($)(5)
  Monthly TI/LC
Reserve ($)
  TI/LC Reserve
Cap ($)(11)
  TI/LC Escrow -
Cash or LoC
  TI/LC Escrow -
LoC Counterparty
  Debt Service
Escrow

(Initial) ($)
  Debt Service Escrow
(Monthly) ($)
  Debt Service
Escrow -

Cash or LoC
  Debt Service Escrow -
LoC Counterparty
  Other Escrow I Reserve Description
1   One Court Square       0   0   0           0   0            
2   Huntington by the Sea       0   0   0           0   0            
3   Yosemite Resorts       0   0   0           0   0           Seasonality Reserve
3.01   Yosemite View Lodge                                            
3.02   Yosemite Cedar Lodge                                            
4   Northline Commons       0   Springing   0           0   0           Tenant Specific TILC Reserve
5   Hilton Nashville       0   0   0           0   0           Condominium Reserve
6   11 Madison Avenue       0   0   0           0   0           Tenant Specific Reserves
7   Hacienda Center       0   7,650; Springing   275,407   Cash       0   0           Landlord Work Reserve
8   Manhattan Gateway Shopping Center       0   5,125; Springing   512,500   Cash       0   0           Environmental Insurance Policy Reserve
9   Imperial Village       230,000   Springing   230,000   Cash       0   0           CAM Reserve
10   Paper Factory Hotel       0   0   0           0   0           Static Reserve
11   Lowe’s - San Bruno       0   Springing   0           0   0            
12   Cooper’s Crossing       0   0   0           0   0            
13   3011 North First Street       12,180   6,090   0   Cash       0   0           Rent Reserve
14   722 12th Street NW       0   4,322; Springing   155,597   Cash       0   0            
15   The Parking Spot LAX       0   0   0           0   0            
16   Fremont Technology Park       0   9,938   238,511   Cash       0   0            
17   Royal Oaks Apartments       0   0   0           0   0            
18   University Office Plaza       150,000   15,361; Springing   0   Cash       0   0           Outstanding TI/LC Reserve
19   10203 Santa Monica Boulevard       0   2,213; Springing   79,662   Cash       0   0            
20   Fresh Market Plaza       0   1,660   0   Cash       0   0           Nail Salon Free Rent Reserve
21   100 East Walton       0   Springing   0           0   0            
22   Haines City Mall       0   4,070   200,000   Cash       0   0            
23   Meadowlark Gardens Owners, Inc.       0   0   0           0   0            
24   Creekwood Apartments       0   0   0           0   0            
25   Extra Space Storage - Cockeysville       0   0   0           0   0            
26   Holiday Inn - New Tampa       0   0   0           0   0           Seasonality Reserve
27   Sheraton Suites Chicago - Elk Grove       0   0   0           0   0           PIP Holdback
28   Birchwood on the Green Owners Corp.       0   0   0           0   0           Collateral Security Agreement for Capital Improvements
29   Chagrin Plaza Beachwood       85,000   4,682; Springing   250,000   Cash       0   0            
30   Dollar General Portfolio       0   0   0           0   0           Vapor Inspection O&M Reserve
30.01   Vallejo                                            
30.02   Antioch                                            
30.03   Winters                                            
31   Miraloma Red Gum Business Park       50,000   5,169   50,000   Cash       0   0           Ground Rent Reserve
32   Redwood Apartments - Texas       0   0   0           0   0            
33   Willow Glen Plaza       0   1,421   34,104   Cash       0   0            
34   Budget Self Storage       0   0   0           0   0            
35   Price Chopper Plaza       0   1,849   0   Cash       0   0            
36   The Fort Tryon Corp.       0   0   0           0   0            
37   Stevenson Retail Center       0   2,563   61,512   Cash       0   0           Roof Replacement Reserve
38   Holiday Inn Express & Suites - Reidsville       0   0   0           0   0           Seasonality Reserve
39   Walgreens – Clarkston       0   Springing   0           0   0            
40   Vista La Jolla       0   3,329   0   Cash       0   0           Free Rent Reserve
41   831 Latour Court       0   1,839   66,204   Cash       0   0           Royce Instruments Free Rent Reserve
42   CVS - Frankfort       0   Springing   0           0   0            
43   Rainbow Towne Storage       0   0   0           0   0            
44   14120 Crosby Lynchburg Road       0   0   0           0   0            
45   Tudor Arms Owners Corp.       0   0   0           0   0            
46   Green Township Self Storage       0   0   0           0   0            
47   The Manton House Corp.       0   0   0           0   0            
48   USCBP 10 Airport Road Shelby       0   0   0           0   0            
49   111 Tenants Corp.       0   0   0           0   0            
50   606 Locust Avenue       0   750; Springing   0   Cash       0   0            
51   49 East Owners Corp.       0   0   0           0   0            
52   Monroe Retail Center       0   1,350   0   Cash       0   0            
53   Parkside Association, Inc.       0   0   0           0   0           Collateral Security Agreement for Capital Improvements
54   East 72 Tenants Corp.       0   0   0           0   0            
55   Carolyn Court Owners, Inc.       0   0   0           0   0            
56   Bellcourt Owners, Inc.       0   0   0           0   0            

 

A-1-12
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                 
Mortgage
Loan Number
  Property Name   Other Escrow I
(Initial) ($)(5)
  Other Escrow I
(Monthly) ($)(12)
  Other Escrow I
Cap ($)
  Other Escrow I
Escrow - Cash or LoC
  Other  Escrow I -
LoC Counterparty
  Other Escrow II Reserve Description   Other Escrow II (Initial) ($)(5)
1   One Court Square   0   0   0               0
2   Huntington by the Sea   0   0   0               0
3   Yosemite Resorts   2,710,000   490,000   0   Cash           0
3.01   Yosemite View Lodge                            
3.02   Yosemite Cedar Lodge                            
4   Northline Commons   927,457   0   0   Cash       Gap Rent Reserve   225,000
5   Hilton Nashville   19,959   Springing   0   Cash       Parking Rent Reserve   0
6   11 Madison Avenue   81,152,102   0   0   Cash       Sony Free Rent / CS Sublease / Title Endorsement Reserve   Sony Free Rent - $18,847,898 / CS Sublease - $36,500,000 / Title Endorsement - $1,000
7   Hacienda Center   1,590,000   0   0   Cash       Free Rent Reserve   64,202
8   Manhattan Gateway Shopping Center   76,912   0   0   Cash           0
9   Imperial Village   0   Springing   0               0
10   Paper Factory Hotel   0   100,000; Springing   2,000,000   Cash           0
11   Lowe’s - San Bruno   0   0   0               0
12   Cooper’s Crossing   0   0   0               0
13   3011 North First Street   389,069   0   0   Cash           0
14   722 12th Street NW   0   0   0               0
15   The Parking Spot LAX   0   0   0               0
16   Fremont Technology Park   0   0   0               0
17   Royal Oaks Apartments   0   0   0               0
18   University Office Plaza   74,565   0   0   Cash           0
19   10203 Santa Monica Boulevard   0   0   0               0
20   Fresh Market Plaza   5,351   0   0   Cash           0
21   100 East Walton   0   0   0               0
22   Haines City Mall   0   0   0               0
23   Meadowlark Gardens Owners, Inc.   0   0   0               0
24   Creekwood Apartments   0   0   0               0
25   Extra Space Storage - Cockeysville   0   0   0               0
26   Holiday Inn - New Tampa   90,370   Springing   0   Cash           0
27   Sheraton Suites Chicago - Elk Grove   3,000,000   0   0   Cash       Seasonality Reserve   100,000
28   Birchwood on the Green Owners Corp.   1,000,000   0   0   Cash           0
29   Chagrin Plaza Beachwood   0   0   0               0
30   Dollar General Portfolio   13,900   1,588   0   Cash           0
30.01   Vallejo                            
30.02   Antioch                            
30.03   Winters                            
31   Miraloma Red Gum Business Park   48,175   48,175   0   Cash           0
32   Redwood Apartments - Texas   0   0   0               0
33   Willow Glen Plaza   0   0   0               0
34   Budget Self Storage   0   0   0               0
35   Price Chopper Plaza   0   0   0               0
36   The Fort Tryon Corp.   0   0   0               0
37   Stevenson Retail Center   31,000   0   0   Cash           0
38   Holiday Inn Express & Suites - Reidsville   54,440   Springing   0   Cash       PIP Reserve   0
39   Walgreens – Clarkston   0   0   0               0
40   Vista La Jolla   57,156   0   0   Cash           0
41   831 Latour Court   25,405   0   0   Cash           0
42   CVS - Frankfort   0   0   0               0
43   Rainbow Towne Storage   0   0   0               0
44   14120 Crosby Lynchburg Road   0   0   0               0
45   Tudor Arms Owners Corp.   0   0   0               0
46   Green Township Self Storage   0   0   0               0
47   The Manton House Corp.   0   0   0               0
48   USCBP 10 Airport Road Shelby   0   0   0               0
49   111 Tenants Corp.   0   0   0               0
50   606 Locust Avenue   0   0   0               0
51   49 East Owners Corp.   0   0   0               0
52   Monroe Retail Center   0   0   0               0
53   Parkside Association, Inc.   1,000,000   0   0   Cash           0
54   East 72 Tenants Corp.   0   0   0               0
55   Carolyn Court Owners, Inc.   0   0   0               0
56   Bellcourt Owners, Inc.   0   0   0               0

 

A-1-13
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                         
Mortgage
Loan Number
  Property Name   Other Escrow II
(Monthly) ($)
  Other Escrow II
Cap ($)
  Other Escrow
II

Escrow - Cash
or LoC
  Other  Escrow II -
LoC Counterparty
  Holdback   Ownership Interest   Ground Lease
Initial

Expiration Date
  Annual Ground
Rent Payment
  Annual Ground Rent Increases
1   One Court Square   0   0               Fee            
2   Huntington by the Sea   0   0               Fee and Leasehold   12/31/2035   $600,000   Commencing 1/1/2016 and on each anniversary thereafter, base rent will be increased annually (but not decreased) by a CPI multiple
3   Yosemite Resorts   0   0               Fee            
3.01   Yosemite View Lodge                       Fee            
3.02   Yosemite Cedar Lodge                       Fee            
4   Northline Commons   0   0   Cash           Fee            
5   Hilton Nashville   Springing   0               Fee            
6   11 Madison Avenue   0   0   Cash           Fee            
7   Hacienda Center   0   0   Cash           Fee            
8   Manhattan Gateway Shopping Center   0   0               Fee            
9   Imperial Village   0   0               Fee            
10   Paper Factory Hotel   0   0               Fee            
11   Lowe’s - San Bruno   0   0               Fee            
12   Cooper’s Crossing   0   0               Fee            
13   3011 North First Street   0   0               Fee            
14   722 12th Street NW   0   0               Fee            
15   The Parking Spot LAX   0   0               Fee            
16   Fremont Technology Park   0   0               Fee            
17   Royal Oaks Apartments   0   0               Fee            
18   University Office Plaza   0   0               Fee            
19   10203 Santa Monica Boulevard   0   0               Fee            
20   Fresh Market Plaza   0   0           2,200,000   Fee            
21   100 East Walton   0   0               Fee            
22   Haines City Mall   0   0               Fee            
23   Meadowlark Gardens Owners, Inc.   0   0               Fee            
24   Creekwood Apartments   0   0               Fee            
25   Extra Space Storage - Cockeysville   0   0               Fee            
26   Holiday Inn - New Tampa   0   0               Fee            
27   Sheraton Suites Chicago - Elk Grove   41,600   0   Cash           Fee            
28   Birchwood on the Green Owners Corp.   0   0               Fee            
29   Chagrin Plaza Beachwood   0   0               Fee            
30   Dollar General Portfolio   0   0               Fee            
30.01   Vallejo                       Fee            
30.02   Antioch                       Fee            
30.03   Winters                       Fee            
31   Miraloma Red Gum Business Park   0   0               Leasehold   7/31/2060   $578,095   Adjusted every three years by the CPI (next adjustment effective 1/1/16)
32   Redwood Apartments - Texas   0   0               Fee            
33   Willow Glen Plaza   0   0               Fee            
34   Budget Self Storage   0   0               Fee            
35   Price Chopper Plaza   0   0               Fee            
36   The Fort Tryon Corp.   0   0               Fee            
37   Stevenson Retail Center   0   0               Fee            
38   Holiday Inn Express & Suites - Reidsville   Springing   0               Fee            
39   Walgreens – Clarkston   0   0               Fee            
40   Vista La Jolla   0   0               Fee            
41   831 Latour Court   0   0               Fee            
42   CVS - Frankfort   0   0               Fee            
43   Rainbow Towne Storage   0   0               Fee            
44   14120 Crosby Lynchburg Road   0   0               Fee            
45   Tudor Arms Owners Corp.   0   0               Fee            
46   Green Township Self Storage   0   0               Fee            
47   The Manton House Corp.   0   0               Fee            
48   USCBP 10 Airport Road Shelby   0   0               Fee            
49   111 Tenants Corp.   0   0               Fee            
50   606 Locust Avenue   0   0               Fee            
51   49 East Owners Corp.   0   0               Fee            
52   Monroe Retail Center   0   0               Fee            
53   Parkside Association, Inc.   0   0               Fee            
54   East 72 Tenants Corp.   0   0               Fee            
55   Carolyn Court Owners, Inc.   0   0               Fee            
56   Bellcourt Owners, Inc.   0   0               Fee            

 

A-1-14
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                                             
Mortgage
Loan Number
  Property Name   Lockbox   Whole Loan
Cut-off Date
Balance ($)
  Whole Loan
Debt Service ($)
  Subordinate
Secured Debt
Original Balance ($)
  Subordinate
Secured Debt
Cut-off Date
Balance ($)
  Whole Loan
U/W NOI
DSCR (x)
  Whole Loan
U/W NCF
DSCR (x)
  Whole Loan
Cut-off Date
LTV Ratio
  Whole Loan
Cut-off Date
U/W NOI Debt
Yield
  Whole Loan
Cut-off Date
U/W NCF Debt
Yield
1   One Court Square   Hard/Springing Cash Management                                    
2   Huntington by the Sea   Soft/Springing Cash Management                                    
3   Yosemite Resorts   Hard/Springing Cash Management                                    
3.01   Yosemite View Lodge                                        
3.02   Yosemite Cedar Lodge                                        
4   Northline Commons   Soft/Springing Cash Management                                    
5   Hilton Nashville   Hard/Springing Cash Management                                    
6   11 Madison Avenue   Hard/Springing Cash Management   1,075,000,000   3,233,642   310,670,000   310,670,000   2.82   2.77   45.7%   10.2%   10.0%
7   Hacienda Center   Hard/Springing Cash Management                                    
8   Manhattan Gateway Shopping Center   Soft/Springing Cash Management                                    
9   Imperial Village   Springing (Without Established Account)                                    
10   Paper Factory Hotel   Springing (With Established Account)                                    
11   Lowe’s - San Bruno   Hard/Springing Cash Management                                    
12   Cooper’s Crossing   Soft/Upfront Cash Management                                    
13   3011 North First Street   Hard/Springing Cash Management                                    
14   722 12th Street NW   Hard/Springing Cash Management                                    
15   The Parking Spot LAX   None                                    
16   Fremont Technology Park   Springing (Without Established Account)                                    
17   Royal Oaks Apartments   Springing (Without Established Account)                                    
18   University Office Plaza   Hard/Springing Cash Management                                    
19   10203 Santa Monica Boulevard   Hard/Upfront Cash Management                                    
20   Fresh Market Plaza   Hard/Springing Cash Management                                    
21   100 East Walton   Hard/Springing Cash Management                                    
22   Haines City Mall   Springing (Without Established Account)                                    
23   Meadowlark Gardens Owners, Inc.   None                                    
24   Creekwood Apartments   Soft/Springing Cash Management                                    
25   Extra Space Storage - Cockeysville   None                                    
26   Holiday Inn - New Tampa   Springing (Without Established Account)                                    
27   Sheraton Suites Chicago - Elk Grove   Hard/Springing Cash Management                                    
28   Birchwood on the Green Owners Corp.   None   8,488,843   38,382   1,000,000   0   8.50   8.50   14.6%   46.1%   46.1%
29   Chagrin Plaza Beachwood   Hard/Springing Cash Management                                    
30   Dollar General Portfolio   Hard/Springing Cash Management                                    
30.01   Vallejo                                        
30.02   Antioch                                        
30.03   Winters                                        
31   Miraloma Red Gum Business Park   None                                    
32   Redwood Apartments - Texas   None                                    
33   Willow Glen Plaza   Springing (Without Established Account)                                    
34   Budget Self Storage   None                                    
35   Price Chopper Plaza   Hard/Springing Cash Management                                    
36   The Fort Tryon Corp.   None   6,192,319   27,797   1,000,000   0   3.10   3.10   18.7%   16.7%   16.7%
37   Stevenson Retail Center   Springing (Without Established Account)                                    
38   Holiday Inn Express & Suites - Reidsville   Springing (Without Established Account)                                    
39   Walgreens – Clarkston   None                                    
40   Vista La Jolla   Hard/Springing Cash Management                                    
41   831 Latour Court   None                                    
42   CVS - Frankfort   Hard/Upfront Cash Management                                    
43   Rainbow Towne Storage   None                                    
44   14120 Crosby Lynchburg Road   Hard/Springing Cash Management                                    
45   Tudor Arms Owners Corp.   None                                    
46   Green Township Self Storage   None                                    
47   The Manton House Corp.   None   2,796,603   12,571   500,000   0   3.27   3.27   37.0%   17.6%   17.6%
48   USCBP 10 Airport Road Shelby   Hard/Springing Cash Management                                    
49   111 Tenants Corp.   None                                    
50   606 Locust Avenue   Hard/Springing Cash Management                                    
51   49 East Owners Corp.   None                                    
52   Monroe Retail Center   Springing (Without Established Account)                                    
53   Parkside Association, Inc.   None                                    
54   East 72 Tenants Corp.   None   1,997,800   8,850   500,000   0   37.00   37.00   4.5%   196.7%   196.7%
55   Carolyn Court Owners, Inc.   None   1,248,659   5,845   250,000   0   5.69   5.69   19.4%   31.9%   31.9%
56   Bellcourt Owners, Inc.   None   1,248,536   5,660   250,000   0   6.74   6.74   14.5%   36.6%   36.6%

 

A-1-15
 

 

ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES

                     
Mortgage
Loan Number
  Property Name   Mezzanine Debt
Cut-off Date
Balance($)
  Sponsor(9)   Affiliated Sponsors   Mortgage
Loan Number
1   One Court Square       Savanna Real Estate Fund III, L.P.; Savanna Real Estate (PIV) Fund III, L.P.; Savanna Real Estate Fund IIA, L.P.; Savanna Real Estate (AIV) Fund IIA, L.P.; Savanna Real Estate (PIV) Fund IIA, L.P.; OCS Master LP       1
2   Huntington by the Sea       Richard Julian; the Amended and Restated South State Trust Dated December 31, 1994       2
3   Yosemite Resorts       Gerald D. Fischer; Karane Fischer       3
3.01   Yosemite View Lodge               3.01
3.02   Yosemite Cedar Lodge               3.02
4   Northline Commons       The Public Sector Pension Investment Board; North American Development Group, Inc.       4
5   Hilton Nashville       Jeffrey Soffer       5
6   11 Madison Avenue   325,000,000   SL Green Realty Corp.       6
7   Hacienda Center       Wayne Cheng; Philip Kuo; Abraham Kuo       7
8   Manhattan Gateway Shopping Center       Daniel D. Crosser; Daniel Romano; Robert W. Comstock       8
9   Imperial Village       Moussa Shaaya; Abe Kamara       9
10   Paper Factory Hotel       Gal Sela       10
11   Lowe’s - San Bruno       Leon Khoury; Sana Khoury; Isam H. Khoury and Jane Khoury, individually and as trustees of the Khoury Family Trust       11
12   Cooper’s Crossing   22,300,490   Vito Dragone III       12
13   3011 North First Street       Peter Pau       13
14   722 12th Street NW       Norman Jemal       14
15   The Parking Spot LAX       Trust u/w/o Ella Drollinger       15
16   Fremont Technology Park       Dave Dollinger       16
17   Royal Oaks Apartments       Aaron Kurlansky; Stuart Zook; Ramon Corona       17
18   University Office Plaza       Barry Friedman; Bernard S. Bertram; Benjamin Schlossberg   Y - Group 1   18
19   10203 Santa Monica Boulevard       Steven Paul       19
20   Fresh Market Plaza       Beryl Schmid; Andrew Schmid       20
21   100 East Walton       Marc Reinisch       21
22   Haines City Mall       Alberto Dayan       22
23   Meadowlark Gardens Owners, Inc.               23
24   Creekwood Apartments       Pinchos D. Shemano       24
25   Extra Space Storage - Cockeysville       Jeaneen Stanley O’Donnell       25
26   Holiday Inn - New Tampa       David Larson; Dennis Larson; Steve Pelke; Gerald Carli; Richard Vanderzee       26
27   Sheraton Suites Chicago - Elk Grove       Dilip Hari; Avadhesh Agarwal       27
28   Birchwood on the Green Owners Corp.               28
29   Chagrin Plaza Beachwood       Barry Friedman; Bernard S. Bertram; Benjamin Schlossberg   Y - Group 1   29
30   Dollar General Portfolio       Casey B. Shires; Steven J. Rumsey       30
30.01   Vallejo               30.01
30.02   Antioch               30.02
30.03   Winters               30.03
31   Miraloma Red Gum Business Park       Eric Smyth       31
32   Redwood Apartments - Texas       Antun H. Domit; Marlene Domit       32
33   Willow Glen Plaza       Ramanlal Mistry; Ishvarlal Mistry; Hemant R. Mistry       33
34   Budget Self Storage       James L. Ledwith; James L. Ledwith and Cathleen C. Gellepis as trustees of the James L. Ledwith and Cathleen C. Gellepis Revocable Trust       34
35   Price Chopper Plaza       David Goldstein       35
36   The Fort Tryon Corp.               36
37   Stevenson Retail Center       Ike Gulesserian; Gulesserian 1998 Living Trust Agreement       37
38   Holiday Inn Express & Suites - Reidsville       Arvind Shah       38
39   Walgreens – Clarkston       C. Brody Glenn; David W. Glenn       39
40   Vista La Jolla       Paul Johnson; J & J Real Properties, LLC       40
41   831 Latour Court       Michael C. Jaeger; Robert A. McHugh, III individually and as trustee of the Robert A. McHugh III Living Trust       41
42   CVS - Frankfort       Mahbub Rahman; Azam Rahman       42
43   Rainbow Towne Storage       Gary R. Free; James L. McQueen       43
44   14120 Crosby Lynchburg Road       John S. Anderson   Y - Group 2   44
45   Tudor Arms Owners Corp.               45
46   Green Township Self Storage       Robert J. Krumdieck       46
47   The Manton House Corp.               47
48   USCBP 10 Airport Road Shelby       Jill Winer Fife; Howard Benjamin Fife       48
49   111 Tenants Corp.               49
50   606 Locust Avenue       John S. Anderson   Y - Group 2   50
51   49 East Owners Corp.               51
52   Monroe Retail Center       William R. Matthews; Robin M. Farwell       52
53   Parkside Association, Inc.               53
54   East 72 Tenants Corp.               54
55   Carolyn Court Owners, Inc.               55
56   Bellcourt Owners, Inc.               56

 

A-1-16
 

 

FOOTNOTES TO ANNEX A-1

 

See “Annex B: Additional Mortgage Loan Information/Definitions” in the Free Writing Prospectus for additional information on all mortgage loans and “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” for additional information on the 15 largest mortgage loans.

 

(1)“NCB” denotes National Cooperative Bank, N.A., “Natixis” denotes Natixis Real Estate Capital LLC, “SPREF” denotes Silverpeak Real Estate Finance LLC and “WFB” denotes Wells Fargo Bank, National Association.

 

(2)For mortgage loan #2 (Huntington by the Sea), 96 out of 306 pads are borrower owned mobile homes, representing 31.4% of rentable pads (38.6% of U/W Revenues), as of the date of origination of the mortgage loan.

 

For mortgage loan #21 (100 East Walton), the Number of Units includes 27,427 square feet of retail space, and 19,310 square feet of office space.

 

(3)For mortgage loan #1 (One Court Square), the mortgage loan is evidenced by Note A-4 of four pari passu notes, which have a combined Cut-off Date principal balance of $315,000,000. Note A-1, Note A-2 and Note A-3 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure presented are based on Note A-1, Note A-2, Note A-3 and Note A-4 in the aggregate (the “One Court Square Loan Combination”). Note A-4 represents a non-controlling interest in the One Court Square Loan Combination.

 

For mortgage loan #3 (Yosemite Resorts), the mortgage loan is evidenced by Note A-1 of two pari passu notes, which have a combined Cut-off Date principal balance of $84,889,282. Note A-2 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure presented are based on Note A-1 and Note A-2 in the aggregate (the “Yosemite Resorts Loan Combination”). Note A-1 represents the controlling interest in the Yosemite Resorts Loan Combination.

 

For mortgage loan #5 (Hilton Nashville), the mortgage loan is evidenced by Note A-2 of two pari passu notes, which have a combined Cut-off Date principal balance of $124,693,383. Note A-1 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure figures presented are based on Note A-1 and Note A-2 in the aggregate (the “Hilton Nashville Loan Combination”). Note A-2 represents the non-controlling interest in the Hilton Nashville Loan Combination.

 

For mortgage loan #6 (11 Madison Avenue), the mortgage loan is evidenced by Note A-3-C1 of 16 pari passu notes and 3 subordinate notes (the “11 Madison Avenue Loan Combination”), which have a combined Cut-off Date principal balance of $764,330,000. Only Note A-3-C1 is included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure figures presented are based on all of the pari passu notes in the aggregate. Note A-3-C1 represents a non-controlling interest in the 11 Madison Avenue Loan Combination.

 

For mortgage loan #12 (Cooper’s Crossing), the mortgage loan is evidenced by Note A-2 of two pari passu companion loans, which have a combined Cut-off Date principal balance of $44,000,000. Note A-1 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure figures presented are based on Note A-1 and Note A-2 in the aggregate (the “Cooper’s Crossing Loan Combination”). Note A-2 represents a non-controlling interest in the Cooper’s Crossing Loan Combination.

 

(4)For mortgage loan #20 (Fresh Market Plaza), all LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $10,950,000 net of a $2,200,000 Holdback. Provided no default or event of default has occurred and is continuing, on not more than two occasions prior to September 11, 2017, the lender is required to disburse the Holdback funds to the borrower, subject to conditions including: (i) the borrower has delivered to the lender (a) a lease with a tenant acceptable to the lender (an “Earnout Tenant”) for space in the property that is vacant as of the

 

A-1-17
 

 

  date of origination of the mortgage loan entered into in accordance with the terms and conditions of the loan agreement, and (b) an estoppel certificate by such Earnout Tenant, evidencing that such Earnout Tenant has accepted its space, is in occupancy and is paying full unabated rent; and (ii) the debt yield of the mortgage loan is equal to or greater than 7.5%. If the Holdback has not been released by September 2017, the lender may apply the unreleased proceeds to pay down the loan, accompanied the applicable yield maintenance premium to be paid by the borrower. Assuming the full Holdback balance is not applied to the full loan amount of $10,950,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield and U/W NCF Debt Yield are 79.9%, 69.1%, 6.3% and 6.1%, respectively.

 

For mortgage loan #27 (Sheraton Suites Chicago – Elk Grove), the Appraised Value assumes the performance improvement plan, scheduled for completion by June 30, 2016, has been completed. The appraised value assuming the performance improvement plan has not been completed is $10,300,000. The Cut-Off Date LTV Ratio, LTV Ratio at Maturity or ARD based on the $10,300,000 appraised value are 72.8% and 69.6%, respectively.

 

For mortgage loan #34 (Budget Self Storage), the Appraised Value includes eight container conversion units excluded from U/W Revenues. The appraised value excluding the container conversion units is $9,040,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $9,040,000 appraised value are 58.6% and 53.7%, respectively.

 

(5)In certain cases, mortgage loans may have tenants that have executed leases, but may not be fully paying rent or occupying the related leased premises, that were included in the underwriting.

 

For mortgage loan #6 (11 Madison Avenue), the largest tenant (1,266,051 square feet), representing 55.4% of net rentable square feet, has a rent abatement for approximately one year beginning June 1, 2032, unless reduced by any previously exercised termination options. The second largest tenant (578,791 of net rentable square feet), representing 25.3% of net rentable square feet, has executed a lease and taken possession, but is currently building out its space and has abated rent through August 2016. The fourth largest tenant (103,426 square feet), representing 4.5% of net rentable square feet, has executed a lease, is paying rent and has taken possession, but is currently building out its space. An $18,847,898 rent abatement reserve for the second largest tenant, $81,152,102 tenant improvements and leasing commissions reserve and a $59,060,332 tenant improvements and leasing commissions guaranty were taken at closing.

 

For mortgage loan #7 (Hacienda Center), the third largest tenant (9,964 square feet), representing 8.1% of net rentable square feet, has taken possession of its premises and is paying rent but is expected to open for business by October 2015. The third largest tenant will also have free rent in July and August 2016. Reserves in the amount of $47,209 were established on the date of origination of the mortgage loan, which will cover the rent during these two months.

 

For mortgage loan #13 (3011 North First Street), the sole tenant (146,159 square feet), representing 100.0% of net rentable square feet, has partially abated rent through October 2015. Reserves in the amount of $389,069 were established on the date of origination of the mortgage loan, which covers the rent abatement period.

 

For mortgage loan #40 (Vista La Jolla), the largest tenant (13,678 square feet), representing 34.2% of net rentable square feet, has free rent in February and March of 2016 and 2017. Reserves in the amount of $41,183 were established on the date of origination of the mortgage loan, which covers the rent during these four months. The second largest tenant (3,896 square feet), representing 9.8% of net rentable square feet, has free rent in April 2016. Reserves in the amount of $5,993 were established on the date of origination of the mortgage loan, which covers the rent during this month.

 

For mortgage loan #41 (831 Latour Court), the largest tenant (12,647 square feet), representing 33.6% of net rentable square feet, has free rent in January 2016 and January 2017. A $25,405 reserve was collected at close, representing the outstanding free rent.

 

A-1-18
 

 

(6)The tenant early termination options discussed in this footnote are not intended to be an exclusive list. In particular, termination options based on co-tenancy clauses are generally included only for top five tenants by net rentable square feet if the option is currently or imminently exercisable.

 

For mortgage loan #6 (11 Madison Avenue), the largest tenant (1,266,051 square feet), representing 55.4% of net rentable square feet, may terminate its lease on one full floor as of any date from May 31, 2022 through April 30, 2027 upon providing 15 months’ written notice (“5 Year Termination Option”). The largest tenant may terminate its lease on one or two full floors (but only two full floors if the 5 Year Termination Option has not been exercised) as of any date from May 31, 2027 and April 30, 2032 upon providing 15 months’ written notice (“10 Year Termination Option”). The largest tenant may terminate its lease on three full floors, reduced by any floors terminated under the 5 Year Termination Option or the 10 Year Termination Option, as of any date from May 31, 2032 through April 30, 2037 upon providing 15 months’ written notice. For each termination option, the largest tenant shall pay a termination fee equal to the unamortized portion of the transaction costs, as defined in the lease, and abated rent.

 

For mortgage loan #16 (Fremont Technology Park), the largest tenant (75,765 square feet), representing 54.3% of net rentable square feet, may terminate its lease as of November 30, 2019 upon providing written notice by November 30, 2018 and payment of a termination fee equal to $285,250.

 

For mortgage loan #18 (University Office Plaza), the largest tenant (33,301 square feet), representing 18.1% of net rentable square feet, has the right to terminate its lease on all or a portion of its space in the event the government fails to provide specific appropriations to the tenant to sustain the lease or to satisfy any covenant of lease requiring the expenditure of money. The tenant may cancel the lease at the commencement of the applicable fiscal year or the lease will terminate as of the exhaustion of appropriated funds automatically, with no penalty whatsoever. The third largest tenant, (8,274 square feet), representing 4.5% of net rentable square feet, has the right to terminate its lease with at least 6 months’ prior notice, if such notice is given within 30 days after the third largest tenant’s receipt of notice of the loss of federal and/or state funding that directly pays for the primary service performed by the third largest tenant.

 

For mortgage loan #22 (Haines City Mall), the fifth largest tenant (6,000 square feet), representing 4.9% of net rentable square feet has a one-time right to terminate its lease on December 31, 2017 upon providing written notice by June 30, 2017.

 

For mortgage loan #29 (Chagrin Plaza Beachwood), the second largest tenant (8,574 square feet), representing 7.6% of net rentable square feet, has the right to terminate its lease on January 31, 2016 or on any July 31st or January 31st thereafter, upon providing six months’ written notice, and the payment of a termination fee equal to $65,400 for January 31, 2016, $55,300 for July 31,2016, $44,9000 for January 31, 2017, $34,200 for July 31, 2017, $23,200 for January 31, 2018 and $11,800 for July 31, 2018. The fourth largest tenant (4,805 square feet), representing 4.2% of net rentable square feet, has the right to terminate its lease at any time after August 1, 2015 upon 90 days’ prior written notice and the payment, in two installments, of a termination fee in an amount equal to the unamortized landlord work and brokerage commissions plus 8% interest.

 

For mortgage loan #31 (Miraloma Red Gum Business Park), the third largest tenant (4,896 square feet), representing 3.0% of net rentable square feet, may terminate its lease at any time upon the third largest tenant’s acquisition of a building to operate its business.

 

For mortgage loan #33 (Willow Glen Plaza), the largest tenant (16,830 square feet), representing 60.5% of net rentable square feet, may terminate its lease as of July 31, 2028, and every five years thereafter, upon providing 6 months’ written notice.

 

For mortgage loan #37 (Stevenson Retail Center), the fifth largest tenant (1,680 square feet), representing 5.4% of net rentable square feet, may terminate its lease on or after August 31, 2019 upon providing at least 120 days’ written notice and payment of a termination fee equal to $10,954.

 

A-1-19
 

 

For mortgage loan #39 (Walgreens – Clarkston), the sole tenant (14,550 square feet), representing 100.0% of net rentable square feet, may terminate its lease as of April 30, 2035, and every five years thereafter, upon providing 6 months’ written notice.

 

For mortgage loan #48 (USCBP 10 Airport Road Shelby), the sole tenant (16,292 square feet), representing 100.0% of net rentable square feet, has the right to terminate its lease or any portion thereof at any time after May 31, 2025 upon providing 30 days’ written notice.

 

(7)For mortgage loan #6 (11 Madison Avenue), the borrower currently leases a portion of space from the largest tenant (1,266,051 square feet), representing 55.4% of net rentable square feet, which is then subleased to the second largest tenant (578,791 square feet), representing 25.3% of net rentable square feet. Upon the expiration of the largest tenant’s lease for that subleased space on May 31, 2017, the sublease between the borrower and the second largest tenant will become a direct lease.

 

For mortgage loan #18 (University Office Plaza), the largest tenant (33,301 square feet), representing 18.1% of net rentable square feet, has multiple leases that expire as follows: 22,744 square feet expire on July 31, 2021 and 10,557 square feet expire on June 30, 2025. The second largest tenant (29,159 square feet), representing 15.8% of net rentable square feet, has multiple leases that expire as follows: 24,803 square feet expire on December 31, 2019 and 4,356 square feet expire on June 30, 2019.

 

For mortgage loan #19 (10203 Santa Monica Boulevard), the largest tenant (12,888 square feet), representing 48.5% of net rentable square feet, has multiple leases that expire as follows: 2,761 square feet expire in June 30, 2017; 9,103 square feet expire on January 1, 2019; and 1,024 square feet expire on June 1, 2019.

 

(8)For mortgage loan #1 (One Court Square), the sole tenant (1,401,609 square feet), representing 100.0% of net rentable square feet, subleases a portion of the retail space to outside tenants and the 44th floor to National Benefit Life Insurance Company.

 

(9)For mortgage loan #19 (10203 Santa Monica Boulevard), the largest tenant (12,888 square feet), representing 48.5% of net rentable square feet, is affiliated with the sponsors.

 

(10)For mortgage loan #27 (Sheraton Suites Chicago - Elk Grove), the Monthly Replacement Reserve, will be adjusted to an amount equal to the greater of: (a) 1/12 of 3.0% of annual gross revenues through August 6, 2017, and (b) 1/12 of 4.0% of annual gross revenues commencing on September 6, 2017 and every payment date thereafter; and (ii) any amount required under franchise agreement for FF&E work.

 

(11)For mortgage loan #41 (831 Latour Court), the TI/LC Reserve Cap can be reduced to $44,136 upon the borrower’s written request any time after September 11, 2018 upon satisfaction of conditions in the loan agreement.

 

(12)For mortgage loan #3 (Yosemite Resorts), the Other Escrow I (Monthly) amount will commence on the payment date occurring in October 2015 and continue on each and every payment date in June: $390,000, July: $730,000, August: $850,000, September: $740,000, October: $490,000. Such Deposits may be increased or decreased from time to time by lender in such amount as lender shall deem to be necessary in its reasonable discretion to reflect any anticipated increases or decreases in net operating income.

 

For mortgage loan #31 (Miraloma Red Gum Business Park), the Other Escrow I (Monthly) amount will adjust to match actual monthly ground rent payments required.

 

  

 

A-1-20