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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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 |