FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206677-09 | ||
Wells Fargo Commercial Mortgage Trust 2016-NXS6 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. 333-206677) 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, UBS Securities LLC, Academy Securities, Inc., Natixis Securities America 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 the 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 information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, 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.
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) any 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.
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Mortgage Loan Seller | Cross Collateralized and Cross Defaulted Loan Flag | Address | City | State | Zip Code | General Property Type(2) |
1 | QLIC | Natixis | 41-42 24th Street | Long Island City | NY | 11101 | Multifamily | |
2 | Novo Nordisk | Natixis | 800 Scudders Mill Road | Plainsboro | NJ | 08536 | Office | |
3 | Rentar Plaza | Natixis | 66-26 Metropolitan Avenue | Middle Village | NY | 11379 | Mixed Use | |
4 | 909 Poydras | Natixis | 909 Poydras Street | New Orleans | LA | 70112 | Office | |
5 | The Falls | UBSAG | 8888 Southwest 136th Street | Miami | FL | 33176 | Retail | |
6 | Cassa Times Square Mixed-Use | Natixis | 515 Ninth Avenue | New York | NY | 10018 | Mixed Use | |
7 | Plaza Mexico – Los Angeles | Natixis | 3100 East Imperial Highway | Lynwood | CA | 90262 | Retail | |
8 | 333 North Bedford | Natixis | 333 North Bedford Road | Mount Kisco; Bedford | NY | 10549 | Mixed Use | |
9 | Yeager Portfolio | UBSAG | Various | Various | Various | Various | Office | |
9.01 | Frisco | UBSAG | 2770 Main Street | Frisco | TX | 75034 | Office | |
9.02 | Carmel | UBSAG | 600 East Carmel Drive | Carmel | IN | 46032 | Office | |
9.03 | Fishers II | UBSAG | 14074 Trade Center Drive | Fishers | IN | 46038 | Office | |
9.04 | Greenwood | UBSAG | 3209 West Smith Valley Road | Greenwood | IN | 46142 | Office | |
9.05 | Fishers I | UBSAG | 11650 Lantern Road | Fishers | IN | 46038 | Office | |
9.06 | Plainfield | UBSAG | 2680 East Main Street | Plainfield | IN | 46168 | Office | |
9.07 | Noblesville I | UBSAG | 23 South 8th Street | Noblesville | IN | 46060 | Office | |
9.08 | Noblesville II | UBSAG | 16095 Prosperity Drive | Noblesville | IN | 46060 | Office | |
10 | Sixty Soho | Natixis | 60 Thompson Street | New York | NY | 10013 | Hospitality | |
11 | Hyatt House Philadelphia/King of Prussia | WFB | 240 Mall Boulevard | King Of Prussia | PA | 19406 | Hospitality | |
12 | Crate & Barrel | Natixis | 1250 Techny Road | Northbrook | IL | 60062 | Office | |
13 | Peachtree Mall | SPREF | 3131 Manchester Expressway | Columbus | GA | 31909 | Retail | |
14 | Fairmont Parkway | SPREF | 5932 Fairmont Parkway | Pasadena | TX | 77505 | Retail | |
15 | Hilton Head Village | SPREF | 1460 Fording Island Road | Bluffton | SC | 29910 | Retail | |
16 | 24 Hour Fitness - Pleasanton | WFB | 4770 Willow Road | Pleasanton | CA | 94588 | Retail | |
17 | Sterling Jewelers Corporate Headquarters FES | Natixis | 395 Ghent Road | Akron | OH | 44333 | Office | |
18 | Hilton Garden Inn - Memphis Southaven | UBSAG | 6671 Towne Center Loop | Southaven | MI | 38671 | Hospitality | |
19 | White Marsh Portfolio | UBSAG | Various | Various | MD | 21236 | Office | |
19.01 | White Marsh Professional Center | UBSAG | 7939 & 7923 Honeygo Boulevard; 8133 Perry Hall Boulevard | White Marsh | MD | 21236 | Office | |
19.02 | Ridgely’s Choice | UBSAG | 8615 & 8605 Ridgelys Choice Drive | Nottingham | MD | 21236 | Office | |
20 | At Home Portfolio | SPREF | Various | Various | Various | Various | Retail | |
20.01 | 15065 Creosote Road | SPREF | 15065 Creosote Road | Gulfport | MS | 39503 | Retail | |
20.02 | 2650 West Interstate 20 | SPREF | 2650 West Interstate Highway 20 | Grand Prairie | TX | 75052 | Retail | |
20.03 | 1600 West Kelly Avenue | SPREF | 1600 West Kelly Avenue | Pharr | TX | 78577 | Retail | |
20.04 | 2244 South Reynolds Road | SPREF | 2244 South Reynolds Road | Toledo | OH | 43614 | Retail | |
20.05 | 642 South Walnut Avenue | SPREF | 642 South Walnut Avenue | New Braunfels | TX | 78130 | Retail | |
21 | 53 Mercer Street | Natixis | 53 Mercer Street | New York | NY | 10013 | Retail | |
22 | HI Overland Park | SPREF | 8787 Reeder Road | Overland Park | KS | 66214 | Hospitality | |
23 | Palm Terrace | Natixis | 15116 Parthenia Street | Los Angeles | CA | 91343 | Multifamily | |
24 | Wind Gap Plaza | SPREF | 801 Male Road | Wind Gap Borough | PA | 18091 | Retail | |
25 | Hampton Inn Exton | SPREF | 4 North Pottstown Pike | Exton | PA | 19341 | Hospitality | |
26 | Plaza On Main | SPREF | 1700 North Main Street | Kissimmee | FL | 34744 | Retail | |
27 | Dalton Avenue Plaza | UBSAG | 457 Dalton Avenue | Pittsfield | MA | 01201 | Retail | |
28 | Campbell Gardens | SPREF | 25 Landis Lane | Lillington | NC | 27546 | Multifamily | |
29 | Bay Pointe | Natixis | 13611 Doty Avenue | Hawthorne | CA | 90250 | Multifamily | |
30 | The Crest Apartments | Natixis | 13950 Foothill Boulevard | Los Angeles | CA | 91342 | Multifamily | |
31 | Fairfield Inn Avon | Natixis | 39050 Colorado Avenue | Avon | OH | 44011 | Hospitality | |
32 | Foothill Plaza | UBSAG | 1000 Pocatello Creek Road | Pocatello | ID | 83201 | Retail | |
33 | Milford Landing Shopping Center | SPREF | 102 Milford Landing Drive | Westfall Township | PA | 18337 | Retail | |
34 | Markets At Mesa Ridge | UBSAG | 6855-6885 & 6965 Mesa Ridge Parkway, 6805 Mesa Ridge Parkway, 7045 Mesa Ridge Parkway | Colorado Springs | CO | 80817 | Retail | |
35 | 313-315 W Muhammad Ali Boulevard | UBSAG | 313-315 West Muhammad Ali Boulevard | Louisville | KY | 40202 | Office | |
36 | Holiday Inn Express & Suites Emporia | SPREF | 1350 West Atlantic Street | Emporia | VA | 23847 | Hospitality | |
37 | Country Inn and Suites Savannah Airport | Natixis | 21 Yvette Johnson Hagins Drive | Savannah | GA | 31408 | Hospitality | |
38 | Maple Wayview Apartments | SPREF | 1101 West Maple Street; 7300 Sunset Strip Northwest | North Canton | OH | 44720 | Multifamily | |
39 | Holiday Inn Express - Yulee | UBSAG | 76071 Sidney Place | Yulee | FL | 32097 | Hospitality | |
40 | Casa Meadows | Natixis | 8135 Langdon Avenue | Los Angeles | CA | 91406 | Multifamily | |
41 | Park West Office | SPREF | 2877 Guardian Lane | Virginia Beach | VA | 23452 | Office | |
42 | Watkinsville Self Storage | SPREF | Various | Various | GA | Various | Self Storage | |
42.01 | 67 Greensboro Highway | SPREF | 67 Greensboro Highway | Watkinsville | GA | 30677 | Self Storage | |
42.02 | 36 Arnoldsville Road | SPREF | 36 Arnoldsville Road | Crawford | GA | 30630 | Self Storage | |
43 | Brookhaven Plaza | UBSAG | 958 Brookway Boulevard | Brookhaven | MS | 39601 | Retail | |
44 | Studio Pointe | Natixis | 915 North Wilton Place | Los Angeles | CA | 90038 | Multifamily | |
45 | Rose Pointe | Natixis | 509 North Berendo Street | Los Angeles | CA | 90004 | Multifamily | |
46 | Synchrony Financial Expansion - 975 Keller Rd. | UBSAG | 975 Keller Road | Altamonte Springs | FL | 32714 | Office | |
47 | DuVal Enterprises Building | WFB | 4225 Vernon Boulevard | Long Island City | NY | 11101 | Industrial | |
48 | Walgreens - Reedsburg | WFB | 1100 East Main Street | Reedsburg | WI | 53959 | Retail | |
49 | Shops at Walmart | WFB | 440 East Silverado Ranch Boulevard | Paradise | NV | 89123 | Retail | |
50 | Suwanee Point | WFB | 525 Peachtree Industrial Boulevard Northwest | Suwanee | GA | 30024 | Retail |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Specific Property Type | Year Built |
Year Renovated |
Number of Units(2) | Unit of Measure | Cut-off Date Balance Per Unit/SF(3)(4)(5) | Original Balance ($)(3)(4)(5) | Cut-off Date Balance ($)(3)(4)(5) | %
of Aggregate Cut-off Date Balance |
Maturity Date or ARD Balloon Payment ($) | ARD Loan |
1 | QLIC | High Rise | 2015 | 421 | Units | 344,418 | 75,000,000 | 75,000,000 | 9.9% | 75,000,000 | N | |
2 | Novo Nordisk | Suburban | 1985 | 2013 | 761,824 | Sq. Ft. | 221 | 73,300,000 | 73,300,000 | 9.7% | 73,300,000 | Y |
3 | Rentar Plaza | Industrial/Retail/Office | 1974 | 1,567,208 | Sq. Ft. | 84 | 60,000,000 | 60,000,000 | 7.9% | 60,000,000 | N | |
4 | 909 Poydras | CBD | 1986 | 2015 | 545,157 | Sq. Ft. | 83 | 45,500,000 | 45,446,730 | 6.0% | 37,571,553 | N |
5 | The Falls | Regional Lifestyle Center | 1980 | 1996 | 839,507 | Sq. Ft. | 179 | 34,500,000 | 34,500,000 | 4.6% | 34,500,000 | N |
6 | Cassa Times Square Mixed-Use | Hospitality/Retail/Parking Garage | 2014 | 59,554 | Sq. Ft. | 574 | 34,200,000 | 34,200,000 | 4.5% | 34,200,000 | N | |
7 | Plaza Mexico – Los Angeles | Anchored | 1974 | 2005 | 404,064 | Sq. Ft. | 262 | 30,000,000 | 30,000,000 | 4.0% | 30,000,000 | N |
8 | 333 North Bedford | Office/Retail/Warehouse | 1957 | 2009 | 611,954 | Sq. Ft. | 97 | 30,000,000 | 29,913,127 | 4.0% | 23,638,377 | N |
9 | Yeager Portfolio | Suburban | Various | Various | 163,740 | Sq. Ft. | 171 | 28,000,000 | 28,000,000 | 3.7% | 22,927,980 | N |
9.01 | Frisco | Suburban | 2013 | 25,019 | Sq. Ft. | 7,000,000 | 7,000,000 | 0.9% | ||||
9.02 | Carmel | Suburban | 2010 | 29,562 | Sq. Ft. | 6,000,000 | 6,000,000 | 0.8% | ||||
9.03 | Fishers II | Suburban | 2006 | 24,685 | Sq. Ft. | 3,700,000 | 3,700,000 | 0.5% | ||||
9.04 | Greenwood | Suburban | 2008 | 24,303 | Sq. Ft. | 3,600,000 | 3,600,000 | 0.5% | ||||
9.05 | Fishers I | Suburban | 2005 | 16,653 | Sq. Ft. | 3,100,000 | 3,100,000 | 0.4% | ||||
9.06 | Plainfield | Suburban | 2009 | 22,818 | Sq. Ft. | 3,000,000 | 3,000,000 | 0.4% | ||||
9.07 | Noblesville I | Suburban | 1930 | 2005 | 8,100 | Sq. Ft. | 1,000,000 | 1,000,000 | 0.1% | |||
9.08 | Noblesville II | Suburban | 2006 | 12,600 | Sq. Ft. | 600,000 | 600,000 | 0.1% | ||||
10 | Sixty Soho | Full Service | 2000 | 2015 | 97 | Rooms | 398,454 | 27,580,854 | 26,650,000 | 3.5% | 26,650,000 | N |
11 | Hyatt House Philadelphia/King of Prussia | Limited Service | 2011 | 147 | Rooms | 169,440 | 25,000,000 | 24,907,725 | 3.3% | 20,232,767 | N | |
12 | Crate & Barrel | Suburban | 2001 | 167,843 | Sq. Ft. | 129 | 21,646,169 | 21,646,169 | 2.9% | 21,646,169 | N | |
13 | Peachtree Mall | Regional Mall | 1975 | 1994 | 536,202 | Sq. Ft. | 149 | 20,000,000 | 19,846,750 | 2.6% | 14,704,420 | N |
14 | Fairmont Parkway | Anchored | 1992 | 176,710 | Sq. Ft. | 100 | 17,700,000 | 17,700,000 | 2.3% | 15,216,425 | N | |
15 | Hilton Head Village | Anchored | 2000 | 111,042 | Sq. Ft. | 156 | 17,450,000 | 17,373,453 | 2.3% | 14,430,731 | N | |
16 | 24 Hour Fitness - Pleasanton | Single Tenant | 1990 | 2010 | 56,206 | Sq. Ft. | 290 | 16,300,000 | 16,300,000 | 2.2% | 14,842,426 | N |
17 | Sterling Jewelers Corporate Headquarters FES | Suburban | 1999 | 85,686 | Sq. Ft. | 158 | 13,500,000 | 13,500,000 | 1.8% | 13,500,000 | Y | |
18 | Hilton Garden Inn - Memphis Southaven | Full Service | 2007 | 117 | Rooms | 106,838 | 12,500,000 | 12,500,000 | 1.7% | 9,353,152 | N | |
19 | White Marsh Portfolio | Suburban | Various | 121,596 | Sq. Ft. | 95 | 11,500,000 | 11,500,000 | 1.5% | 9,639,993 | N | |
19.01 | White Marsh Professional Center | Suburban | 1984 | 80,046 | Sq. Ft. | 7,055,215 | 7,055,215 | 0.9% | ||||
19.02 | Ridgely’s Choice | Suburban | 2005 | 41,550 | Sq. Ft. | 4,444,785 | 4,444,785 | 0.6% | ||||
20 | At Home Portfolio | Single Tenant | Various | Various | 534,881 | Sq. Ft. | 53 | 10,150,000 | 10,150,000 | 1.3% | 8,841,825 | Y |
20.01 | 15065 Creosote Road | Single Tenant | 1998 | 2013 | 115,574 | Sq. Ft. | 2,210,842 | 2,210,842 | 0.3% | |||
20.02 | 2650 West Interstate 20 | Single Tenant | 2000 | 109,415 | Sq. Ft. | 2,094,090 | 2,094,090 | 0.3% | ||||
20.03 | 1600 West Kelly Avenue | Single Tenant | 2014 | 108,400 | Sq. Ft. | 2,074,217 | 2,074,217 | 0.3% | ||||
20.04 | 2244 South Reynolds Road | Single Tenant | 1972 | 2014 | 111,763 | Sq. Ft. | 2,056,828 | 2,056,828 | 0.3% | |||
20.05 | 642 South Walnut Avenue | Single Tenant | 1995 | 2013 | 89,729 | Sq. Ft. | 1,714,023 | 1,714,023 | 0.2% | |||
21 | 53 Mercer Street | Single Tenant | 1900 | 2016 | 8,785 | Sq. Ft. | 1,138 | 10,000,000 | 10,000,000 | 1.3% | 10,000,000 | N |
22 | HI Overland Park | Full Service | 1971 | 2014 | 190 | Rooms | 47,368 | 9,000,000 | 9,000,000 | 1.2% | 6,691,506 | N |
23 | Palm Terrace | Garden | 1970 | 96 | Units | 92,002 | 8,832,232 | 8,832,232 | 1.2% | 7,735,433 | N | |
24 | Wind Gap Plaza | Anchored | 1995 | 96,229 | Sq. Ft. | 86 | 8,300,000 | 8,300,000 | 1.1% | 6,642,308 | N | |
25 | Hampton Inn Exton | Limited Service | 1988 | 2011 | 122 | Rooms | 65,359 | 8,000,000 | 7,973,852 | 1.1% | 5,963,463 | N |
26 | Plaza On Main | Unanchored | 1959 | 2015 | 93,398 | Sq. Ft. | 72 | 6,750,000 | 6,715,169 | 0.9% | 4,961,437 | N |
27 | Dalton Avenue Plaza | Anchored | 1959 | 1994 | 108,527 | Sq. Ft. | 57 | 6,150,000 | 6,136,048 | 0.8% | 5,055,787 | N |
28 | Campbell Gardens | Student Housing | 2001 | 224 | Beds | 26,727 | 6,000,000 | 5,986,781 | 0.8% | 5,545,017 | N | |
29 | Bay Pointe | Garden | 1972 | 74 | Units | 80,182 | 5,933,450 | 5,933,450 | 0.8% | 5,196,626 | N | |
30 | The Crest Apartments | Garden | 1987 | 48 | Units | 117,389 | 5,634,650 | 5,634,650 | 0.7% | 4,934,931 | N | |
31 | Fairfield Inn Avon | Limited Service | 2002 | 2015 | 82 | Rooms | 68,109 | 5,590,425 | 5,584,915 | 0.7% | 5,232,854 | N |
32 | Foothill Plaza | Anchored | 1979 | 2014 | 114,357 | Sq. Ft. | 48 | 5,500,000 | 5,490,179 | 0.7% | 4,048,919 | N |
33 | Milford Landing Shopping Center | Unanchored | 2004 | 44,222 | Sq. Ft. | 122 | 5,400,000 | 5,380,222 | 0.7% | 3,919,068 | N | |
34 | Markets At Mesa Ridge | Shadow Anchored | 2001 | 29,428 | Sq. Ft. | 173 | 5,100,000 | 5,100,000 | 0.7% | 4,666,881 | N | |
35 | 313-315 W Muhammad Ali Boulevard | CBD | 1908 | 1992 | 49,300 | Sq. Ft. | 93 | 4,600,000 | 4,584,965 | 0.6% | 3,794,181 | N |
36 | Holiday Inn Express & Suites Emporia | Limited Service | 2004 | 2015 | 78 | Rooms | 57,596 | 4,500,000 | 4,492,505 | 0.6% | 3,370,679 | N |
37 | Country Inn and Suites Savannah Airport | Limited Service | 2007 | 82 | Rooms | 54,768 | 4,500,000 | 4,491,014 | 0.6% | 3,770,304 | N | |
38 | Maple Wayview Apartments | Garden | 1968 | 2016 | 110 | Units | 39,545 | 4,350,000 | 4,350,000 | 0.6% | 3,720,266 | N |
39 | Holiday Inn Express - Yulee | Limited Service | 2007 | 73 | Rooms | 58,717 | 4,300,000 | 4,286,354 | 0.6% | 3,226,439 | N | |
40 | Casa Meadows | Garden | 1970 | 49 | Units | 86,522 | 4,239,600 | 4,239,600 | 0.6% | 3,713,120 | N | |
41 | Park West Office | Suburban | 1989 | 66,866 | Sq. Ft. | 59 | 3,942,477 | 3,936,556 | 0.5% | 3,111,690 | N | |
42 | Watkinsville Self Storage | Self Storage | Various | Various | 829 | Units | 4,749 | 3,950,000 | 3,937,112 | 0.5% | 3,258,889 | N |
42.01 | 67 Greensboro Highway | Self Storage | 1991 | 2013 | 557 | Units | 3,040,000 | 3,030,081 | 0.4% | |||
42.02 | 36 Arnoldsville Road | Self Storage | 2003 | 2007 | 272 | Units | 910,000 | 907,031 | 0.1% | |||
43 | Brookhaven Plaza | Unanchored | 2000 | 34,050 | Sq. Ft. | 113 | 3,850,000 | 3,845,417 | 0.5% | 3,169,905 | N | |
44 | Studio Pointe | Garden | 1964 | 42 | Units | 86,850 | 3,647,700 | 3,647,700 | 0.5% | 3,194,724 | N | |
45 | Rose Pointe | Garden | 1973 | 38 | Units | 94,858 | 3,604,609 | 3,604,609 | 0.5% | 3,156,984 | N | |
46 | Synchrony Financial Expansion - 975 Keller Rd. | Suburban | 2001 | 2016 | 25,080 | Sq. Ft. | 136 | 3,400,000 | 3,400,000 | 0.4% | 3,129,859 | N |
47 | DuVal Enterprises Building | Flex | 1900 | 55,982 | Sq. Ft. | 55 | 3,100,000 | 3,091,783 | 0.4% | 1,893,504 | N | |
48 | Walgreens - Reedsburg | Single Tenant | 2006 | 14,820 | Sq. Ft. | 174 | 2,575,000 | 2,575,000 | 0.3% | 2,067,258 | N | |
49 | Shops at Walmart | Unanchored | 2006 | 7,683 | Sq. Ft. | 325 | 2,500,000 | 2,500,000 | 0.3% | 2,288,741 | N | |
50 | Suwanee Point | Unanchored | 1996 | 17,525 | Sq. Ft. | 94 | 1,645,000 | 1,642,888 | 0.2% | 1,336,129 | N |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Origination Date | 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(6) | Trust Advisor Ongoing Fee Rate | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate | Asset Representations Reviewer Fee Rate |
1 | QLIC | 12/28/2015 | 2/5/2016 | 1/5/2026 | 1/5/2026 | 4.399700% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
2 | Novo Nordisk | 8/11/2016 | 10/5/2016 | 9/5/2021 | 9/5/2021 | 4/30/2031 | 3.482000% | 0.000000% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
3 | Rentar Plaza | 8/31/2016 | 10/5/2016 | 9/5/2026 | 9/5/2026 | 3.482000% | 0.000000% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
4 | 909 Poydras | 8/23/2016 | 10/5/2016 | 10/5/2016 | 9/5/2026 | 4.461500% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
5 | The Falls | 8/15/2016 | 10/1/2016 | 9/1/2026 | 9/1/2026 | 3.450000% | 0.000000% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
6 | Cassa Times Square Mixed-Use | 7/5/2016 | 8/5/2016 | 4/5/2026 | 4/5/2026 | 5.278200% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
7 | Plaza Mexico – Los Angeles | 6/16/2016 | 8/5/2016 | 7/5/2021 | 7/5/2021 | 4.598110% | 0.000000% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
8 | 333 North Bedford | 8/4/2016 | 9/10/2016 | 9/10/2016 | 8/10/2026 | 3.780000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
9 | Yeager Portfolio | 9/13/2016 | 11/6/2016 | 11/6/2016 | 10/6/2026 | 4.881000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
9.01 | Frisco | ||||||||||||
9.02 | Carmel | ||||||||||||
9.03 | Fishers II | ||||||||||||
9.04 | Greenwood | ||||||||||||
9.05 | Fishers I | ||||||||||||
9.06 | Plainfield | ||||||||||||
9.07 | Noblesville I | ||||||||||||
9.08 | Noblesville II | ||||||||||||
10 | Sixty Soho | 2/12/2015 | 4/5/2015 | 3/5/2026 | 3/5/2026 | 4.725000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
11 | Hyatt House Philadelphia/King of Prussia | 6/15/2016 | 8/11/2016 | 8/11/2016 | 7/11/2026 | 4.530000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
12 | Crate & Barrel | 11/30/2015 | 1/5/2016 | 12/5/2025 | 12/5/2025 | 3.605722% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
13 | Peachtree Mall | 6/17/2016 | 7/6/2016 | 7/6/2016 | 12/6/2025 | 3.944000% | 0.000000% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
14 | Fairmont Parkway | 9/4/2015 | 10/6/2015 | 9/6/2017 | 10/6/2017 | 9/6/2025 | 4.750000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
15 | Hilton Head Village | 5/11/2016 | 7/6/2016 | 7/6/2016 | 6/6/2026 | 5.183000% | 0.002100% | 0.008000% | 0.035000% | 0.000500% | 0.000290% | ||
16 | 24 Hour Fitness - Pleasanton | 8/12/2016 | 10/11/2016 | 9/11/2021 | 10/11/2021 | 9/11/2026 | 4.200000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
17 | Sterling Jewelers Corporate Headquarters FES | 9/14/2016 | 11/5/2016 | 10/5/2026 | 10/5/2026 | 10/5/2036 | 4.650000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
18 | Hilton Garden Inn - Memphis Southaven | 9/13/2016 | 11/6/2016 | 11/6/2016 | 10/6/2026 | 5.024000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
19 | White Marsh Portfolio | 8/23/2016 | 10/6/2016 | 9/6/2017 | 10/6/2017 | 9/6/2026 | 4.760000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
19.01 | White Marsh Professional Center | ||||||||||||
19.02 | Ridgely’s Choice | ||||||||||||
20 | At Home Portfolio | 9/15/2015 | 11/6/2015 | 4/6/2018 | 5/6/2018 | 10/6/2025 | 10/6/2045 | 4.790000% | 0.000000% | 0.008000% | 0.025000% | 0.000500% | 0.000290% |
20.01 | 15065 Creosote Road | ||||||||||||
20.02 | 2650 West Interstate 20 | ||||||||||||
20.03 | 1600 West Kelly Avenue | ||||||||||||
20.04 | 2244 South Reynolds Road | ||||||||||||
20.05 | 642 South Walnut Avenue | ||||||||||||
21 | 53 Mercer Street | 7/29/2016 | 9/5/2016 | 8/5/2026 | 8/5/2026 | 3.860000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
22 | HI Overland Park | 9/12/2016 | 11/6/2016 | 11/6/2016 | 10/6/2026 | 4.850000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
23 | Palm Terrace | 8/5/2016 | 9/5/2016 | 8/5/2019 | 9/5/2019 | 8/5/2026 | 4.520000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
24 | Wind Gap Plaza | 9/15/2016 | 11/6/2016 | 11/6/2016 | 10/6/2026 | 4.210000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
25 | Hampton Inn Exton | 8/2/2016 | 9/6/2016 | 9/6/2016 | 8/6/2026 | 4.920000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
26 | Plaza On Main | 7/1/2016 | 8/6/2016 | 8/6/2016 | 7/6/2026 | 4.540000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
27 | Dalton Avenue Plaza | 8/5/2016 | 9/6/2016 | 9/6/2016 | 8/6/2026 | 5.000000% | 0.002100% | 0.008000% | 0.062500% | 0.000500% | 0.000290% | ||
28 | Campbell Gardens | 7/26/2016 | 9/6/2016 | 9/6/2016 | 8/6/2021 | 5.140000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
29 | Bay Pointe | 8/5/2016 | 9/5/2016 | 8/5/2019 | 9/5/2019 | 8/5/2026 | 4.520000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
30 | The Crest Apartments | 8/5/2016 | 9/5/2016 | 8/5/2019 | 9/5/2019 | 8/5/2026 | 4.520000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
31 | Fairfield Inn Avon | 8/18/2016 | 10/5/2016 | 10/5/2016 | 9/5/2021 | 6.052000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
32 | Foothill Plaza | 8/12/2016 | 10/6/2016 | 10/6/2016 | 9/6/2026 | 4.585500% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
33 | Milford Landing Shopping Center | 7/11/2016 | 9/6/2016 | 9/6/2016 | 8/6/2026 | 4.210000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
34 | Markets At Mesa Ridge | 9/7/2016 | 11/6/2016 | 10/6/2021 | 11/6/2021 | 10/6/2026 | 4.500000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
35 | 313-315 W Muhammad Ali Boulevard | 7/1/2016 | 8/6/2016 | 8/6/2016 | 7/6/2026 | 5.100000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
36 | Holiday Inn Express & Suites Emporia | 8/30/2016 | 10/6/2016 | 10/6/2016 | 9/6/2026 | 5.055000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
37 | Country Inn and Suites Savannah Airport | 7/7/2016 | 9/5/2016 | 9/5/2016 | 8/5/2026 | 5.600000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
38 | Maple Wayview Apartments | 7/29/2016 | 9/6/2016 | 8/6/2018 | 9/6/2018 | 8/6/2026 | 4.550000% | 0.002100% | 0.008000% | 0.055000% | 0.000500% | 0.000290% | |
39 | Holiday Inn Express - Yulee | 7/15/2016 | 9/6/2016 | 9/6/2016 | 8/6/2026 | 5.100000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
40 | Casa Meadows | 8/5/2016 | 9/5/2016 | 8/5/2019 | 9/5/2019 | 8/5/2026 | 4.520000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
41 | Park West Office | 9/15/2016 | 10/6/2016 | 10/6/2016 | 8/6/2026 | 3.800000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
42 | Watkinsville Self Storage | 6/30/2016 | 8/6/2016 | 8/6/2016 | 7/6/2026 | 5.108000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
42.01 | 67 Greensboro Highway | ||||||||||||
42.02 | 36 Arnoldsville Road | ||||||||||||
43 | Brookhaven Plaza | 8/11/2016 | 10/6/2016 | 10/6/2016 | 9/6/2026 | 5.050000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
44 | Studio Pointe | 8/5/2016 | 9/5/2016 | 8/5/2019 | 9/5/2019 | 8/5/2026 | 4.520000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
45 | Rose Pointe | 8/5/2016 | 9/5/2016 | 8/5/2019 | 9/5/2019 | 8/5/2026 | 4.520000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
46 | Synchrony Financial Expansion - 975 Keller Rd. | 8/5/2016 | 9/6/2016 | 7/6/2021 | 8/6/2021 | 8/6/2026 | 4.977000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | |
47 | DuVal Enterprises Building | 9/1/2016 | 10/11/2016 | 10/11/2016 | 9/11/2026 | 4.250000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
48 | Walgreens - Reedsburg | 9/12/2016 | 11/11/2016 | 11/11/2016 | 10/11/2026 | 4.300000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% | ||
49 | Shops at Walmart | 9/1/2016 | 10/11/2016 | 9/11/2021 | 10/11/2021 | 9/11/2026 | 4.530000% | 0.002100% | 0.008000% | 0.082500% | 0.000500% | 0.000290% | |
50 | Suwanee Point | 9/9/2016 | 10/11/2016 | 10/11/2016 | 9/11/2026 | 4.640000% | 0.002100% | 0.008000% | 0.005000% | 0.000500% | 0.000290% |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($) | Amortization Type | Interest Accrual Method During IO | Original Term to Maturity or ARD (Mos.)(5) | Remaining Term to Maturity or ARD (Mos.)(5) | Original
IO Period (Mos.) |
Remaining
IO Period (Mos.) |
Original Amort Term (Mos.) |
1 | QLIC | 4.383810% | Actual/360 | 278,800.43 | Interest-only, Balloon | Actual/360 | 120 | 111 | 120 | 111 | 0 |
2 | Novo Nordisk | 3.468210% | Actual/360 | 215,646.22 | Interest-only, ARD | Actual/360 | 60 | 59 | 60 | 59 | 0 |
3 | Rentar Plaza | 3.468210% | Actual/360 | 176,518.06 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 |
4 | 909 Poydras | 4.445610% | Actual/360 | 222,271.52 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | |
5 | The Falls | 3.436210% | Actual/360 | 100,565.10 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 |
6 | Cassa Times Square Mixed-Use | 5.262310% | Actual/360 | 152,517.99 | Interest-only, Balloon | Actual/360 | 117 | 114 | 117 | 114 | 0 |
7 | Plaza Mexico – Los Angeles | 4.584320% | Actual/360 | 116,549.32 | Interest-only, Balloon | Actual/360 | 60 | 57 | 60 | 57 | 0 |
8 | 333 North Bedford | 3.764110% | Actual/360 | 139,445.86 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | |
9 | Yeager Portfolio | 4.865110% | Actual/360 | 148,280.29 | Amortizing Balloon | 120 | 120 | 0 | 0 | 360 | |
9.01 | Frisco | ||||||||||
9.02 | Carmel | ||||||||||
9.03 | Fishers II | ||||||||||
9.04 | Greenwood | ||||||||||
9.05 | Fishers I | ||||||||||
9.06 | Plainfield | ||||||||||
9.07 | Noblesville I | ||||||||||
9.08 | Noblesville II | ||||||||||
10 | Sixty Soho | 4.709110% | Actual/360 | 106,391.80 | Interest-only, Balloon | Actual/360 | 132 | 113 | 132 | 113 | 0 |
11 | Hyatt House Philadelphia/King of Prussia | 4.514110% | Actual/360 | 127,117.35 | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | |
12 | Crate & Barrel | 3.589832% | Actual/360 | 66,828.30 | Interest-only, Balloon | Actual/360 | 120 | 110 | 120 | 110 | 0 |
13 | Peachtree Mall | 3.930210% | Actual/360 | 104,949.94 | Amortizing Balloon | 114 | 110 | 0 | 0 | 300 | |
14 | Fairmont Parkway | 4.734110% | Actual/360 | 92,331.58 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 107 | 24 | 11 | 360 |
15 | Hilton Head Village | 5.137110% | Actual/360 | 95,636.68 | Amortizing Balloon | 120 | 116 | 0 | 0 | 360 | |
16 | 24 Hour Fitness - Pleasanton | 4.184110% | Actual/360 | 79,709.80 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 |
17 | Sterling Jewelers Corporate Headquarters FES | 4.634110% | Actual/360 | 53,039.06 | Interest-only, ARD | Actual/360 | 120 | 120 | 120 | 120 | 0 |
18 | Hilton Garden Inn - Memphis Southaven | 5.008110% | Actual/360 | 73,248.65 | Amortizing Balloon | 120 | 120 | 0 | 0 | 300 | |
19 | White Marsh Portfolio | 4.744110% | Actual/360 | 60,058.78 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 12 | 11 | 360 |
19.01 | White Marsh Professional Center | ||||||||||
19.02 | Ridgely’s Choice | ||||||||||
20 | At Home Portfolio | 4.756210% | Actual/360 | 53,192.20 | Interest-only, Amortizing ARD | Actual/360 | 120 | 108 | 30 | 18 | 360 |
20.01 | 15065 Creosote Road | ||||||||||
20.02 | 2650 West Interstate 20 | ||||||||||
20.03 | 1600 West Kelly Avenue | ||||||||||
20.04 | 2244 South Reynolds Road | ||||||||||
20.05 | 642 South Walnut Avenue | ||||||||||
21 | 53 Mercer Street | 3.844110% | Actual/360 | 32,613.43 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 |
22 | HI Overland Park | 4.834110% | Actual/360 | 51,829.56 | Amortizing Balloon | 120 | 120 | 0 | 0 | 300 | |
23 | Palm Terrace | 4.504110% | Actual/360 | 44,856.64 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 |
24 | Wind Gap Plaza | 4.194110% | Actual/360 | 40,636.88 | Amortizing Balloon | 120 | 120 | 0 | 0 | 360 | |
25 | Hampton Inn Exton | 4.904110% | Actual/360 | 46,395.08 | Amortizing Balloon | 120 | 118 | 0 | 0 | 300 | |
26 | Plaza On Main | 4.524110% | Actual/360 | 37,672.11 | Amortizing Balloon | 120 | 117 | 0 | 0 | 300 | |
27 | Dalton Avenue Plaza | 4.926610% | Actual/360 | 33,014.53 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | |
28 | Campbell Gardens | 5.124110% | Actual/360 | 32,724.62 | Amortizing Balloon | 60 | 58 | 0 | 0 | 360 | |
29 | Bay Pointe | 4.504110% | Actual/360 | 30,134.47 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 |
30 | The Crest Apartments | 4.504110% | Actual/360 | 28,616.94 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 |
31 | Fairfield Inn Avon | 6.036110% | Actual/360 | 33,704.55 | Amortizing Balloon | 60 | 59 | 0 | 0 | 360 | |
32 | Foothill Plaza | 4.569610% | Actual/360 | 30,838.31 | Amortizing Balloon | 120 | 119 | 0 | 0 | 300 | |
33 | Milford Landing Shopping Center | 4.194110% | Actual/360 | 29,133.05 | Amortizing Balloon | 120 | 118 | 0 | 0 | 300 | |
34 | Markets At Mesa Ridge | 4.484110% | Actual/360 | 25,840.95 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 120 | 60 | 60 | 360 |
35 | 313-315 W Muhammad Ali Boulevard | 5.084110% | Actual/360 | 24,975.69 | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | |
36 | Holiday Inn Express & Suites Emporia | 5.039110% | Actual/360 | 26,450.95 | Amortizing Balloon | 120 | 119 | 0 | 0 | 300 | |
37 | Country Inn and Suites Savannah Airport | 5.584110% | Actual/360 | 25,833.55 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | |
38 | Maple Wayview Apartments | 4.484110% | Actual/360 | 22,170.23 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 |
39 | Holiday Inn Express - Yulee | 5.084110% | Actual/360 | 25,388.54 | Amortizing Balloon | 120 | 118 | 0 | 0 | 300 | |
40 | Casa Meadows | 4.504110% | Actual/360 | 21,531.84 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 |
41 | Park West Office | 3.784110% | Actual/360 | 18,405.32 | Amortizing Balloon | 119 | 118 | 0 | 0 | 359 | |
42 | Watkinsville Self Storage | 5.092110% | Actual/360 | 21,465.94 | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | |
42.01 | 67 Greensboro Highway | ||||||||||
42.02 | 36 Arnoldsville Road | ||||||||||
43 | Brookhaven Plaza | 5.034110% | Actual/360 | 20,785.44 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | |
44 | Studio Pointe | 4.504110% | Actual/360 | 18,525.73 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 |
45 | Rose Pointe | 4.504110% | Actual/360 | 18,306.88 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 |
46 | Synchrony Financial Expansion - 975 Keller Rd. | 4.961110% | Actual/360 | 18,204.17 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 59 | 57 | 360 |
47 | DuVal Enterprises Building | 4.234110% | Actual/360 | 19,196.27 | Amortizing Balloon | 120 | 119 | 0 | 0 | 240 | |
48 | Walgreens - Reedsburg | 4.284110% | Actual/360 | 12,742.94 | Amortizing Balloon | 120 | 120 | 0 | 0 | 360 | |
49 | Shops at Walmart | 4.436610% | Actual/360 | 12,711.74 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 |
50 | Suwanee Point | 4.624110% | Actual/360 | 8,472.37 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions | Grace Period Default (Days)(7) | Grace Period Late (Days) | Appraised Value ($)(8) | Appraisal Date(8) | Coop -Rental Value | Coop - LTV as Rental | Coop - Unsold Percent |
1 | QLIC | 0 | 9 | L(33),D(84),O(3) | 2 | 5 | 255,000,000 | 8/18/2016 | |||
2 | Novo Nordisk | 0 | 1 | L(25),D(32),O(3) | 0 | 0 | 319,900,000 | 6/1/2016 | |||
3 | Rentar Plaza | 0 | 1 | L(25),GRTR 1% or YM or D(91),O(4) | 0 | 0 | 300,000,000 | 7/19/2016 | |||
4 | 909 Poydras | 359 | 1 | L(25),D(91),O(4) | 0 | 0 | 74,300,000 | 7/27/2016 | |||
5 | The Falls | 0 | 1 | L(25),D(88),O(7) | 5 | 0 | 305,000,000 | 7/14/2016 | |||
6 | Cassa Times Square Mixed-Use | 0 | 3 | L(27),D(86),O(4) | 0 | 0 | 68,900,000 | 1/11/2016; 3/18/2016 | |||
7 | Plaza Mexico – Los Angeles | 0 | 3 | L(27),D(29),O(4) | 0 | 0 | 184,000,000 | 3/16/2016 | |||
8 | 333 North Bedford | 358 | 2 | L(26),D(90),O(4) | 0 | 0 | 92,500,000 | 7/6/2016 | |||
9 | Yeager Portfolio | 360 | 0 | L(24),D(91),O(5) | 0 | 0 | 38,460,000 | Various | |||
9.01 | Frisco | 8,450,000 | 7/25/2016 | ||||||||
9.02 | Carmel | 8,000,000 | 7/27/2016 | ||||||||
9.03 | Fishers II | 5,330,000 | 7/27/2016 | ||||||||
9.04 | Greenwood | 5,200,000 | 7/27/2016 | ||||||||
9.05 | Fishers I | 4,460,000 | 7/27/2016 | ||||||||
9.06 | Plainfield | 4,300,000 | 7/27/2016 | ||||||||
9.07 | Noblesville I | 1,550,000 | 7/27/2016 | ||||||||
9.08 | Noblesville II | 1,170,000 | 7/27/2016 | ||||||||
10 | Sixty Soho | 0 | 19 | GRTR 1% or YM(43),D(86),O(3) | 0 | 0 | 80,900,000 | 5/10/2016 | |||
11 | Hyatt House Philadelphia/King of Prussia | 357 | 3 | L(24),GRTR 1% or YM(92),O(4) | 0 | 0 | 37,650,000 | 5/6/2016 | |||
12 | Crate & Barrel | 0 | 10 | L(34),D(83),O(3) | 0 | 0 | 40,000,000 | 10/27/2015 | |||
13 | Peachtree Mall | 296 | 4 | L(28),D(82),O(4) | 0 | 0 | 138,000,000 | 11/11/2015 | |||
14 | Fairmont Parkway | 360 | 13 | L(37),D(80),O(3) | 0 | 0 | 26,460,000 | 8/23/2016 | |||
15 | Hilton Head Village | 356 | 4 | L(28),D(89),O(3) | 0 | 0 | 23,700,000 | 3/7/2016 | |||
16 | 24 Hour Fitness - Pleasanton | 360 | 1 | L(25),D(91),O(4) | 0 | 0 | 28,000,000 | 7/24/2016 | |||
17 | Sterling Jewelers Corporate Headquarters FES | 0 | 0 | L(24),D(92),O(4) | 0 | 0 | 20,400,000 | 8/8/2016 | |||
18 | Hilton Garden Inn - Memphis Southaven | 300 | 0 | L(24),D(92),O(4) | 0 | 5 | 18,175,000 | 7/12/2016 | |||
19 | White Marsh Portfolio | 360 | 1 | L(25),D(91),O(4) | 0 | 0 | 16,300,000 | 7/8/2016 | |||
19.01 | White Marsh Professional Center | 10,000,000 | 7/8/2016 | ||||||||
19.02 | Ridgely’s Choice | 6,300,000 | 7/8/2016 | ||||||||
20 | At Home Portfolio | 360 | 12 | L(36),D(80),O(4) | 0 | 0 | 40,860,000 | Various | |||
20.01 | 15065 Creosote Road | 8,900,000 | 8/22/2015 | ||||||||
20.02 | 2650 West Interstate 20 | 8,430,000 | 8/20/2015 | ||||||||
20.03 | 1600 West Kelly Avenue | 8,350,000 | 8/21/2015 | ||||||||
20.04 | 2244 South Reynolds Road | 8,280,000 | 8/21/2015 | ||||||||
20.05 | 642 South Walnut Avenue | 6,900,000 | 9/1/2015 | ||||||||
21 | 53 Mercer Street | 0 | 2 | L(26),D(91),O(3) | 0 | 0 | 23,500,000 | 6/22/2016 | |||
22 | HI Overland Park | 300 | 0 | L(24),D(93),O(3) | 0 | 0 | 14,500,000 | 8/2/2016 | |||
23 | Palm Terrace | 360 | 2 | L(26),D(91),O(3) | 0 | 0 | 13,470,000 | 6/10/2016 | |||
24 | Wind Gap Plaza | 360 | 0 | L(24),D(91),O(5) | 0 | 0 | 16,100,000 | 6/30/2016 | |||
25 | Hampton Inn Exton | 298 | 2 | L(26),D(90),O(4) | 0 | 0 | 14,400,000 | 6/7/2016 | |||
26 | Plaza On Main | 297 | 3 | L(27),D(89),O(4) | 0 | 0 | 10,700,000 | 6/8/2016 | |||
27 | Dalton Avenue Plaza | 358 | 2 | L(26),D(90),O(4) | 0 | 0 | 8,500,000 | 6/15/2016 | |||
28 | Campbell Gardens | 358 | 2 | L(26),D(30),O(4) | 0 | 0 | 8,300,000 | 6/3/2016 | |||
29 | Bay Pointe | 360 | 2 | L(26),D(91),O(3) | 0 | 0 | 8,910,000 | 6/13/2016 | |||
30 | The Crest Apartments | 360 | 2 | L(26),D(91),O(3) | 0 | 0 | 8,440,000 | 6/10/2016 | |||
31 | Fairfield Inn Avon | 359 | 1 | L(25),D(32),O(3) | 0 | 0 | 7,500,000 | 8/1/2016 | |||
32 | Foothill Plaza | 299 | 1 | L(25),D(91),O(4) | 0 | 0 | 9,300,000 | 7/5/2016 | |||
33 | Milford Landing Shopping Center | 298 | 2 | L(26),D(90),O(4) | 0 | 0 | 9,750,000 | 6/22/2016 | |||
34 | Markets At Mesa Ridge | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 10,300,000 | 4/22/2016 | |||
35 | 313-315 W Muhammad Ali Boulevard | 357 | 3 | L(27),D(89),O(4) | 0 | 0 | 6,870,000 | 2/29/2016 | |||
36 | Holiday Inn Express & Suites Emporia | 299 | 1 | L(25),D(91),O(4) | 0 | 0 | 7,400,000 | 7/25/2016 | |||
37 | Country Inn and Suites Savannah Airport | 358 | 2 | L(26),D(91),O(3) | 0 | 0 | 7,300,000 | 4/1/2016 | |||
38 | Maple Wayview Apartments | 360 | 2 | L(26),D(90),O(4) | 0 | 0 | 6,000,000 | 6/27/2016 | |||
39 | Holiday Inn Express - Yulee | 298 | 2 | L(26),D(90),O(4) | 0 | 0 | 7,000,000 | 5/26/2016 | |||
40 | Casa Meadows | 360 | 2 | L(26),D(91),O(3) | 0 | 0 | 6,440,000 | 6/10/2016 | |||
41 | Park West Office | 358 | 1 | L(25),D(93),O(1) | 0 | 0 | 8,100,000 | 7/1/2016 | |||
42 | Watkinsville Self Storage | 357 | 3 | L(27),D(89),O(4) | 0 | 0 | 6,100,000 | Various | |||
42.01 | 67 Greensboro Highway | 4,600,000 | 5/25/2016 | ||||||||
42.02 | 36 Arnoldsville Road | 1,500,000 | 6/7/2016 | ||||||||
43 | Brookhaven Plaza | 359 | 1 | L(24),GRTR 1% or YM(92),O(4) | 0 | 0 | 5,500,000 | 7/25/2016 | |||
44 | Studio Pointe | 360 | 2 | L(26),D(91),O(3) | 0 | 0 | 6,540,000 | 6/13/2016 | |||
45 | Rose Pointe | 360 | 2 | L(26),D(91),O(3) | 0 | 0 | 6,420,000 | 6/13/2016 | |||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 360 | 2 | L(26),D(90),O(4) | 0 | 0 | 4,600,000 | 7/8/2016 | |||
47 | DuVal Enterprises Building | 239 | 1 | L(25),GRTR 1% or YM(91),O(4) | 0 | 0 | 13,500,000 | 6/16/2016 | |||
48 | Walgreens - Reedsburg | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 4,900,000 | 7/17/2016 | |||
49 | Shops at Walmart | 360 | 1 | L(25),D(91),O(4) | 0 | 0 | 5,400,000 | 7/18/2016 | |||
50 | Suwanee Point | 359 | 1 | L(25),D(91),O(4) | 0 | 0 | 2,375,000 | 8/9/2016 |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Coop - Sponsor Units | Coop - Investor Units | Coop - Units | Coop - Sponsor Carry | Coop - Committed Secondary Debt | U/W
NOI DSCR (x)(3)(5)(6) |
U/W
NCF DSCR (x)(3)(5)(6) |
Cut-off Date LTV Ratio(3)(8) | LTV Ratio at Maturity or ARD(3)(8) | Cut-off Date U/W NOI Debt Yield(3)(5) | Cut-off Date U/W NCF Debt Yield(3)(5) |
1 | QLIC | 1.86 | 1.84 | 56.9% | 56.9% | 8.3% | 8.2% | |||||
2 | Novo Nordisk | 2.98 | 2.97 | 52.6% | 52.6% | 10.5% | 10.5% | |||||
3 | Rentar Plaza | 2.71 | 2.59 | 44.0% | 44.0% | 9.6% | 9.1% | |||||
4 | 909 Poydras | 1.76 | 1.52 | 61.2% | 50.6% | 10.3% | 8.9% | |||||
5 | The Falls | 3.51 | 3.36 | 49.2% | 49.2% | 12.3% | 11.8% | |||||
6 | Cassa Times Square Mixed-Use | 2.02 | 1.89 | 49.6% | 49.6% | 10.8% | 10.1% | |||||
7 | Plaza Mexico – Los Angeles | 1.95 | 1.85 | 57.6% | 57.6% | 9.1% | 8.6% | |||||
8 | 333 North Bedford | 1.54 | 1.44 | 64.1% | 50.7% | 8.6% | 8.1% | |||||
9 | Yeager Portfolio | 1.60 | 1.53 | 72.8% | 59.6% | 10.1% | 9.8% | |||||
9.01 | Frisco | |||||||||||
9.02 | Carmel | |||||||||||
9.03 | Fishers II | |||||||||||
9.04 | Greenwood | |||||||||||
9.05 | Fishers I | |||||||||||
9.06 | Plainfield | |||||||||||
9.07 | Noblesville I | |||||||||||
9.08 | Noblesville II | |||||||||||
10 | Sixty Soho | 2.32 | 2.01 | 47.8% | 47.8% | 11.1% | 9.6% | |||||
11 | Hyatt House Philadelphia/King of Prussia | 1.96 | 1.77 | 66.2% | 53.7% | 12.0% | 10.9% | |||||
12 | Crate & Barrel | 3.44 | 3.36 | 54.1% | 54.1% | 12.8% | 12.4% | |||||
13 | Peachtree Mall | 1.98 | 1.83 | 57.7% | 42.8% | 12.6% | 11.6% | |||||
14 | Fairmont Parkway | 1.85 | 1.72 | 66.9% | 57.5% | 11.6% | 10.8% | |||||
15 | Hilton Head Village | 1.38 | 1.26 | 73.3% | 60.9% | 9.1% | 8.3% | |||||
16 | 24 Hour Fitness - Pleasanton | 1.92 | 1.82 | 58.2% | 53.0% | 11.3% | 10.7% | |||||
17 | Sterling Jewelers Corporate Headquarters FES | 1.85 | 1.85 | 66.2% | 66.2% | 8.7% | 8.7% | |||||
18 | Hilton Garden Inn - Memphis Southaven | 2.04 | 1.83 | 68.8% | 51.5% | 14.3% | 12.9% | |||||
19 | White Marsh Portfolio | 1.91 | 1.63 | 70.6% | 59.1% | 12.0% | 10.2% | |||||
19.01 | White Marsh Professional Center | |||||||||||
19.02 | Ridgely’s Choice | |||||||||||
20 | At Home Portfolio | 1.42 | 1.31 | 68.9% | 60.0% | 8.9% | 8.2% | |||||
20.01 | 15065 Creosote Road | |||||||||||
20.02 | 2650 West Interstate 20 | |||||||||||
20.03 | 1600 West Kelly Avenue | |||||||||||
20.04 | 2244 South Reynolds Road | |||||||||||
20.05 | 642 South Walnut Avenue | |||||||||||
21 | 53 Mercer Street | 2.11 | 2.11 | 42.6% | 42.6% | 8.3% | 8.2% | |||||
22 | HI Overland Park | 1.96 | 1.59 | 62.1% | 46.1% | 13.5% | 11.0% | |||||
23 | Palm Terrace | 1.39 | 1.34 | 65.6% | 57.4% | 8.5% | 8.2% | |||||
24 | Wind Gap Plaza | 1.96 | 1.73 | 51.6% | 41.3% | 11.5% | 10.2% | |||||
25 | Hampton Inn Exton | 1.81 | 1.56 | 55.4% | 41.4% | 12.6% | 10.9% | |||||
26 | Plaza On Main | 1.96 | 1.72 | 62.8% | 46.4% | 13.2% | 11.6% | |||||
27 | Dalton Avenue Plaza | 1.69 | 1.55 | 72.2% | 59.5% | 10.9% | 10.0% | |||||
28 | Campbell Gardens | 1.79 | 1.72 | 72.1% | 66.8% | 11.7% | 11.3% | |||||
29 | Bay Pointe | 1.36 | 1.31 | 66.6% | 58.3% | 8.3% | 8.0% | |||||
30 | The Crest Apartments | 1.35 | 1.31 | 66.8% | 58.5% | 8.2% | 8.0% | |||||
31 | Fairfield Inn Avon | 2.08 | 1.87 | 74.5% | 69.8% | 15.1% | 13.5% | |||||
32 | Foothill Plaza | 1.74 | 1.56 | 59.0% | 43.5% | 11.7% | 10.5% | |||||
33 | Milford Landing Shopping Center | 2.06 | 1.91 | 55.2% | 40.2% | 13.4% | 12.4% | |||||
34 | Markets At Mesa Ridge | 2.25 | 2.25 | 49.5% | 45.3% | 13.7% | 13.7% | |||||
35 | 313-315 W Muhammad Ali Boulevard | 1.69 | 1.49 | 66.7% | 55.2% | 11.1% | 9.8% | |||||
36 | Holiday Inn Express & Suites Emporia | 2.04 | 1.80 | 60.7% | 45.5% | 14.4% | 12.7% | |||||
37 | Country Inn and Suites Savannah Airport | 1.96 | 1.71 | 61.5% | 51.6% | 13.5% | 11.8% | |||||
38 | Maple Wayview Apartments | 1.60 | 1.50 | 72.5% | 62.0% | 9.8% | 9.2% | |||||
39 | Holiday Inn Express - Yulee | 2.38 | 2.16 | 61.2% | 46.1% | 16.9% | 15.3% | |||||
40 | Casa Meadows | 1.38 | 1.33 | 65.8% | 57.7% | 8.4% | 8.1% | |||||
41 | Park West Office | 2.57 | 2.21 | 48.6% | 38.4% | 14.4% | 12.4% | |||||
42 | Watkinsville Self Storage | 1.55 | 1.48 | 64.5% | 53.4% | 10.2% | 9.7% | |||||
42.01 | 67 Greensboro Highway | |||||||||||
42.02 | 36 Arnoldsville Road | |||||||||||
43 | Brookhaven Plaza | 1.72 | 1.60 | 69.9% | 57.6% | 11.1% | 10.4% | |||||
44 | Studio Pointe | 1.37 | 1.33 | 55.8% | 48.8% | 8.4% | 8.1% | |||||
45 | Rose Pointe | 1.38 | 1.32 | 56.1% | 49.2% | 8.4% | 8.0% | |||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 1.92 | 1.82 | 73.9% | 68.0% | 12.3% | 11.7% | |||||
47 | DuVal Enterprises Building | 2.72 | 2.37 | 22.9% | 14.0% | 20.2% | 17.7% | |||||
48 | Walgreens - Reedsburg | 1.70 | 1.69 | 52.6% | 42.2% | 10.1% | 10.0% | |||||
49 | Shops at Walmart | 1.62 | 1.50 | 46.3% | 42.4% | 9.9% | 9.1% | |||||
50 | Suwanee Point | 1.79 | 1.54 | 69.2% | 56.3% | 11.0% | 9.5% |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | U/W
Revenues ($)(9) |
U/W
Expenses ($)(9) |
U/W Net Operating Income ($)(9) | U/W
Replacement ($)(9) |
U/W
TI/LC ($)(9) |
U/W
Net Cash Flow ($)(9) |
Occupancy Rate | Occupancy as-of Date | U/W Hotel ADR |
1 | QLIC | 15,396,615 | 3,385,297 | 12,011,318 | 84,200 | 18,123 | 11,908,995 | 98.3% | 8/15/2016 | |
2 | Novo Nordisk | 29,605,904 | 11,891,591 | 17,714,312 | 38,091 | 0 | 17,676,221 | 78.0% | 9/1/2016 | |
3 | Rentar Plaza | 24,610,323 | 11,992,475 | 12,617,848 | 156,721 | 391,802 | 12,069,325 | 100.0% | 8/1/2016 | |
4 | 909 Poydras | 9,061,816 | 4,372,519 | 4,689,297 | 81,774 | 545,157 | 4,062,366 | 80.8% | 8/29/2016 | |
5 | The Falls | 26,057,960 | 7,632,172 | 18,425,787 | 176,296 | 618,885 | 17,630,606 | 97.5% | 6/30/2016 | |
6 | Cassa Times Square Mixed-Use | 7,488,161 | 3,782,991 | 3,705,170 | 3,175 | 11,581 | 3,465,758 | 76.2% Retail; 95.2% Hotel | 9/8/2016 for Retail; TTM 6/30/2016 for Hotel | 214 |
7 | Plaza Mexico – Los Angeles | 14,200,010 | 4,568,906 | 9,631,104 | 60,610 | 404,064 | 9,166,431 | 90.9% | 6/1/2016 | |
8 | 333 North Bedford | 7,450,441 | 2,331,060 | 5,119,381 | 36,717 | 305,977 | 4,776,687 | 81.4% | 8/1/2016 | |
9 | Yeager Portfolio | 5,207,442 | 2,366,980 | 2,840,462 | 24,369 | 84,858 | 2,731,235 | 99.5% | 8/1/2016 | |
9.01 | Frisco | 1,121,276 | 502,374 | 618,902 | 1,614 | 20,135 | 597,154 | 99.4% | 8/1/2016 | |
9.02 | Carmel | 981,506 | 405,773 | 575,732 | 5,297 | 13,654 | 556,782 | 100.0% | 8/1/2016 | |
9.03 | Fishers II | 752,110 | 355,033 | 397,077 | 2,406 | 13,621 | 381,050 | 98.4% | 8/1/2016 | |
9.04 | Greenwood | 718,221 | 316,804 | 401,417 | 2,203 | 12,164 | 387,050 | 100.0% | 8/1/2016 | |
9.05 | Fishers I | 543,004 | 238,336 | 304,668 | 4,372 | 7,876 | 292,420 | 100.0% | 8/1/2016 | |
9.06 | Plainfield | 663,839 | 309,566 | 354,273 | 2,740 | 10,606 | 340,927 | 99.1% | 8/1/2016 | |
9.07 | Noblesville I | 258,052 | 147,311 | 110,741 | 4,927 | 3,652 | 102,162 | 100.0% | 8/1/2016 | |
9.08 | Noblesville II | 169,435 | 91,782 | 77,652 | 811 | 3,150 | 73,691 | 100.0% | 8/1/2016 | |
10 | Sixty Soho | 14,297,832 | 10,008,564 | 4,289,268 | 571,913 | 0 | 3,717,355 | 87.3% | 6/30/2016 | 433 |
11 | Hyatt House Philadelphia/King of Prussia | 7,501,534 | 4,508,656 | 2,992,878 | 287,581 | 0 | 2,705,297 | 82.1% | 6/30/2016 | 153 |
12 | Crate & Barrel | 4,657,505 | 1,896,362 | 2,761,143 | 25,176 | 41,961 | 2,694,006 | 100.0% | 10/1/2016 | |
13 | Peachtree Mall | 13,892,159 | 3,861,607 | 10,030,552 | 110,592 | 673,710 | 9,246,250 | 90.1% | 6/30/2016 | |
14 | Fairmont Parkway | 2,989,913 | 936,929 | 2,052,984 | 26,507 | 123,697 | 1,902,780 | 95.7% | 6/30/2016 | |
15 | Hilton Head Village | 2,088,799 | 506,587 | 1,582,212 | 22,208 | 111,042 | 1,448,961 | 100.0% | 6/30/2016 | |
16 | 24 Hour Fitness - Pleasanton | 2,157,859 | 318,688 | 1,839,171 | 8,431 | 87,943 | 1,742,797 | 100.0% | 10/1/2016 | |
17 | Sterling Jewelers Corporate Headquarters FES | 1,227,902 | 49,331 | 1,178,571 | 0 | 0 | 1,178,571 | 100.0% | 10/1/2016 | |
18 | Hilton Garden Inn - Memphis Southaven | 4,622,635 | 2,830,555 | 1,792,080 | 184,905 | 0 | 1,607,175 | 79.0% | 6/30/2016 | 127 |
19 | White Marsh Portfolio | 2,103,108 | 724,633 | 1,378,476 | 23,286 | 178,904 | 1,176,285 | 81.2% | 8/1/2016 | |
19.01 | White Marsh Professional Center | 1,476,277 | 489,658 | 986,619 | 10,406 | 118,202 | 858,011 | 85.1% | 8/1/2016 | |
19.02 | Ridgely’s Choice | 626,831 | 234,974 | 391,857 | 12,881 | 60,702 | 318,274 | 73.6% | 8/1/2016 | |
20 | At Home Portfolio | 2,591,498 | 77,745 | 2,513,753 | 85,581 | 109,065 | 2,319,108 | 100.0% | 10/1/2016 | |
20.01 | 15065 Creosote Road | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/1/2016 | |
20.02 | 2650 West Interstate 20 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/1/2016 | |
20.03 | 1600 West Kelly Avenue | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/1/2016 | |
20.04 | 2244 South Reynolds Road | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/1/2016 | |
20.05 | 642 South Walnut Avenue | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 10/1/2016 | |
21 | 53 Mercer Street | 880,650 | 55,260 | 825,390 | 879 | 0 | 824,511 | 100.0% | 10/1/2016 | |
22 | HI Overland Park | 5,665,526 | 4,447,097 | 1,218,429 | 226,621 | 0 | 991,808 | 63.5% | 7/31/2016 | 96 |
23 | Palm Terrace | 1,191,915 | 444,175 | 747,740 | 24,000 | 0 | 723,740 | 99.0% | 7/18/2016 | |
24 | Wind Gap Plaza | 1,441,453 | 486,953 | 954,499 | 14,434 | 96,229 | 843,836 | 93.9% | 8/16/2016 | |
25 | Hampton Inn Exton | 3,557,178 | 2,549,135 | 1,008,043 | 142,287 | 0 | 865,756 | 69.9% | 7/31/2016 | 115 |
26 | Plaza On Main | 1,097,850 | 211,127 | 886,723 | 14,010 | 93,398 | 779,315 | 94.8% | 6/22/2016 | |
27 | Dalton Avenue Plaza | 1,124,257 | 454,267 | 669,991 | 16,279 | 40,222 | 613,489 | 95.7% | 7/6/2016 | |
28 | Campbell Gardens | 1,377,860 | 674,942 | 702,918 | 27,716 | 0 | 675,202 | 93.3% | 9/1/2016 | |
29 | Bay Pointe | 870,237 | 377,061 | 493,176 | 18,500 | 0 | 474,676 | 98.6% | 7/18/2016 | |
30 | The Crest Apartments | 681,737 | 217,056 | 464,681 | 13,728 | 0 | 450,953 | 100.0% | 7/18/2016 | |
31 | Fairfield Inn Avon | 2,152,141 | 1,309,466 | 842,676 | 86,086 | 0 | 756,590 | 68.3% | 5/31/2016 | 104 |
32 | Foothill Plaza | 963,685 | 319,541 | 644,144 | 23,018 | 43,458 | 577,667 | 92.8% | 6/30/2016 | |
33 | Milford Landing Shopping Center | 944,081 | 225,229 | 718,852 | 6,633 | 44,222 | 667,997 | 99.4% | 5/31/2016 | |
34 | Markets At Mesa Ridge | 1,011,653 | 312,642 | 699,011 | 0 | 0 | 699,011 | 100.0% | 7/31/2016 | |
35 | 313-315 W Muhammad Ali Boulevard | 674,616 | 167,525 | 507,091 | 14,790 | 44,493 | 447,808 | 100.0% | 10/1/2016 | |
36 | Holiday Inn Express & Suites Emporia | 1,916,419 | 1,269,934 | 646,486 | 76,657 | 0 | 569,829 | 75.4% | 6/30/2016 | 89 |
37 | Country Inn and Suites Savannah Airport | 1,926,119 | 1,318,279 | 607,840 | 77,045 | 0 | 530,795 | 73.9% | 4/30/2016 | 87 |
38 | Maple Wayview Apartments | 868,104 | 441,850 | 426,255 | 27,500 | 0 | 398,755 | 97.3% | 7/1/2016 | |
39 | Holiday Inn Express - Yulee | 1,728,337 | 1,002,242 | 726,095 | 69,133 | 0 | 656,962 | 62.6% | 5/31/2016 | 104 |
40 | Casa Meadows | 569,208 | 212,970 | 356,237 | 12,250 | 0 | 343,987 | 100.0% | 7/18/2016 | |
41 | Park West Office | 1,017,519 | 449,913 | 567,606 | 21,914 | 56,866 | 488,826 | 97.9% | 7/18/2016 | |
42 | Watkinsville Self Storage | 736,770 | 336,739 | 400,031 | 18,216 | 0 | 381,815 | Various | Various | |
42.01 | 67 Greensboro Highway | 544,858 | 264,488 | 280,371 | 12,232 | 0 | 268,139 | 99.3% | 5/26/2016 | |
42.02 | 36 Arnoldsville Road | 191,912 | 72,252 | 119,661 | 5,984 | 0 | 113,677 | 83.5% | 6/14/2016 | |
43 | Brookhaven Plaza | 526,021 | 98,111 | 427,910 | 8,513 | 20,689 | 398,708 | 96.5% | 8/8/2016 | |
44 | Studio Pointe | 488,134 | 183,018 | 305,116 | 10,500 | 0 | 294,616 | 97.6% | 7/18/2016 | |
45 | Rose Pointe | 496,761 | 193,929 | 302,832 | 13,262 | 0 | 289,570 | 97.4% | 7/18/2016 | |
46 | Synchrony Financial Expansion - 975 Keller Rd. | 564,657 | 145,178 | 419,480 | 3,762 | 18,614 | 397,104 | 100.0% | 10/1/2016 | |
47 | DuVal Enterprises Building | 1,161,067 | 535,491 | 625,576 | 15,115 | 64,202 | 546,259 | 94.7% | 8/1/2016 | |
48 | Walgreens - Reedsburg | 261,920 | 2,619 | 259,301 | 1,482 | 0 | 257,819 | 100.0% | 10/1/2016 | |
49 | Shops at Walmart | 297,616 | 50,248 | 247,368 | 2,459 | 16,656 | 228,254 | 100.0% | 8/31/2016 | |
50 | Suwanee Point | 275,352 | 93,842 | 181,510 | 5,608 | 19,258 | 156,644 | 100.0% | 7/25/2016 |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | U/W Hotel RevPAR | Most Recent Period | Most Recent Revenues ($) | Most Recent Expenses ($) | Most
Recent NOI ($) |
Most Recent Capital Expenditures | Most Recent NCF ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period(10) | Second Most Recent Revenues ($)(10) |
1 | QLIC | Annualized 3 6/30/2016 | 9,836,024 | 2,986,498 | 6,849,526 | 0 | 6,849,526 | NAV | NAV | |||
2 | Novo Nordisk | TTM 5/31/2016 | 24,599,348 | 9,911,492 | 14,687,857 | 0 | 14,687,857 | Actual 2015 | 24,562,154 | |||
3 | Rentar Plaza | TTM 6/30/2016 | 24,383,651 | 11,274,905 | 13,108,746 | 0 | 13,108,746 | Actual 2015 | 24,453,413 | |||
4 | 909 Poydras | TTM 5/31/2016 | 8,651,451 | 4,434,102 | 4,217,349 | 0 | 4,217,349 | Actual 2015 | 8,788,693 | |||
5 | The Falls | TTM 5/31/2016 | 26,377,646 | 7,484,686 | 18,892,960 | 0 | 18,892,960 | Actual 2015 | 26,592,149 | |||
6 | Cassa Times Square Mixed-Use | 204 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7 | Plaza Mexico – Los Angeles | TTM 2/29/2016 | 13,878,877 | 4,353,659 | 9,525,218 | 0 | 9,525,218 | Actual 2015 | 13,823,456 | |||
8 | 333 North Bedford | TTM 5/31/2016 | 9,166,659 | 2,387,781 | 6,778,878 | 0 | 6,778,878 | Actual 2015 | 9,012,571 | |||
9 | Yeager Portfolio | TTM 6/30/2016 | 5,362,340 | 2,364,492 | 2,997,848 | 0 | 2,997,848 | Actual 2015 | 5,165,129 | |||
9.01 | Frisco | TTM 6/30/2016 | 1,210,671 | 455,537 | 755,134 | 0 | 755,134 | Actual 2015 | 1,107,396 | |||
9.02 | Carmel | TTM 6/30/2016 | 1,021,005 | 404,018 | 616,987 | 0 | 616,987 | Actual 2015 | 1,006,340 | |||
9.03 | Fishers II | TTM 6/30/2016 | 774,258 | 358,204 | 416,055 | 0 | 416,055 | Actual 2015 | 753,402 | |||
9.04 | Greenwood | TTM 6/30/2016 | 725,971 | 319,298 | 406,673 | 0 | 406,673 | Actual 2015 | 687,905 | |||
9.05 | Fishers I | TTM 6/30/2016 | 556,680 | 246,516 | 310,164 | 0 | 310,164 | Actual 2015 | 544,065 | |||
9.06 | Plainfield | TTM 6/30/2016 | 661,405 | 323,466 | 337,939 | 0 | 337,939 | Actual 2015 | 658,470 | |||
9.07 | Noblesville I | TTM 6/30/2016 | 260,334 | 150,970 | 109,364 | 0 | 109,364 | Actual 2015 | 245,476 | |||
9.08 | Noblesville II | TTM 6/30/2016 | 152,017 | 106,483 | 45,534 | 0 | 45,534 | Actual 2015 | 162,075 | |||
10 | Sixty Soho | 378 | TTM 6/30/2016 | 14,297,686 | 10,463,852 | 3,833,834 | 0 | 3,833,834 | 433 | 378 | Actual 2015 | 12,803,548 |
11 | Hyatt House Philadelphia/King of Prussia | 122 | TTM 6/30/2016 | 7,673,897 | 4,580,364 | 3,093,533 | 0 | 3,093,533 | 152 | 125 | Actual 2015 | 7,494,772 |
12 | Crate & Barrel | TTM 7/31/2016 | 4,832,859 | 1,807,675 | 3,025,184 | 0 | 3,025,184 | Actual 2015 | 4,638,073 | |||
13 | Peachtree Mall | TTM 6/30/2016 | 13,770,809 | 3,875,594 | 9,895,215 | 0 | 9,895,215 | Actual 2015 | 13,161,383 | |||
14 | Fairmont Parkway | Annualized 11 7/31/2016 | 2,932,960 | 891,185 | 2,041,775 | 0 | 2,041,775 | Actual 2015 | 2,968,616 | |||
15 | Hilton Head Village | TTM 6/30/2016 | 2,164,575 | 537,212 | 1,627,363 | 0 | 1,627,363 | Actual 2015 | 2,116,020 | |||
16 | 24 Hour Fitness - Pleasanton | TTM 6/30/2016 | 2,023,416 | 6,610 | 2,016,806 | 0 | 2,016,806 | Actual 2015 | 2,023,416 | |||
17 | Sterling Jewelers Corporate Headquarters FES | TTM 6/30/2016 | 1,125,000 | 35,198 | 1,089,802 | 0 | 1,089,802 | Actual 2015 | 1,125,000 | |||
18 | Hilton Garden Inn - Memphis Southaven | 100 | TTM 6/30/2016 | 4,622,635 | 2,835,162 | 1,787,473 | 0 | 1,787,473 | 127 | 100 | Actual 2015 | 4,466,915 |
19 | White Marsh Portfolio | TTM 5/31/2016 | 2,305,278 | 759,833 | 1,545,445 | 0 | 1,545,445 | Actual 2015 | 2,269,420 | |||
19.01 | White Marsh Professional Center | TTM 5/31/2016 | 1,419,204 | 500,219 | 918,985 | 0 | 918,985 | Actual 2015 | 1,415,039 | |||
19.02 | Ridgely’s Choice | TTM 5/31/2016 | 886,074 | 259,614 | 626,460 | 0 | 626,460 | Actual 2015 | 854,381 | |||
20 | At Home Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
20.01 | 15065 Creosote Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
20.02 | 2650 West Interstate 20 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
20.03 | 1600 West Kelly Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
20.04 | 2244 South Reynolds Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
20.05 | 642 South Walnut Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
21 | 53 Mercer Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
22 | HI Overland Park | 61 | TTM 7/31/2016 | 5,681,109 | 4,439,983 | 1,241,126 | 0 | 1,241,126 | 96 | 61 | Actual 2015 | 5,586,688 |
23 | Palm Terrace | TTM 5/31/2016 | 1,218,123 | 450,037 | 768,085 | 0 | 768,085 | Actual 2015 | 1,205,608 | |||
24 | Wind Gap Plaza | TTM 7/31/2016 | 1,474,953 | 483,471 | 991,482 | 0 | 991,482 | Actual 2015 | 1,401,477 | |||
25 | Hampton Inn Exton | 81 | TTM 7/31/2016 | 3,626,373 | 2,575,347 | 1,051,026 | 0 | 1,051,026 | 115 | 81 | Actual 2015 | 3,703,299 |
26 | Plaza On Main | TTM 6/30/2016 | 807,904 | 177,700 | 630,204 | 0 | 630,204 | Actual 2015 | 629,951 | |||
27 | Dalton Avenue Plaza | TTM 6/30/2016 | 1,061,545 | 403,174 | 658,371 | 0 | 658,371 | Actual 2015 | 1,067,671 | |||
28 | Campbell Gardens | TTM 6/30/2016 | 1,377,860 | 681,705 | 696,155 | 0 | 696,155 | Actual 2015 | 1,338,056 | |||
29 | Bay Pointe | TTM 5/31/2016 | 891,139 | 380,452 | 510,687 | 0 | 510,687 | Actual 2015 | 885,828 | |||
30 | The Crest Apartments | TTM 5/31/2016 | 699,857 | 219,672 | 480,185 | 0 | 480,185 | Actual 2015 | 689,822 | |||
31 | Fairfield Inn Avon | 72 | TTM 5/31/2016 | 2,192,127 | 1,249,778 | 942,350 | 0 | 942,350 | 105 | 72 | Actual 2015 | 2,116,930 |
32 | Foothill Plaza | TTM 6/30/2016 | 1,012,732 | 318,503 | 694,229 | 0 | 694,229 | Actual 2015 | 1,031,819 | |||
33 | Milford Landing Shopping Center | TTM 6/30/2016 | 982,570 | 222,364 | 760,207 | 0 | 760,207 | Actual 2015 | 992,316 | |||
34 | Markets At Mesa Ridge | TTM 7/31/2016 | 1,008,440 | 242,002 | 766,438 | -878 | 767,316 | Actual 2015 | 1,017,065 | |||
35 | 313-315 W Muhammad Ali Boulevard | TTM 6/30/2016 | 684,353 | 152,366 | 531,987 | 0 | 531,987 | Actual 2015 | 675,905 | |||
36 | Holiday Inn Express & Suites Emporia | 67 | TTM 6/30/2016 | 1,921,670 | 1,180,634 | 741,036 | 76,867 | 664,169 | 89 | 67 | Actual 2015 | 1,880,350 |
37 | Country Inn and Suites Savannah Airport | 64 | TTM 4/30/2016 | 1,931,396 | 1,237,416 | 693,980 | 0 | 693,980 | 87 | 64 | Actual 2015 | 1,992,697 |
38 | Maple Wayview Apartments | TTM 6/30/2016 | 816,323 | 433,028 | 383,295 | 27,500 | 355,795 | Actual 2015 | 690,115 | |||
39 | Holiday Inn Express - Yulee | 65 | TTM 5/31/2016 | 1,733,072 | 995,825 | 737,247 | 0 | 737,247 | 104 | 65 | Actual 2015 | 1,619,483 |
40 | Casa Meadows | TTM 5/31/2016 | 560,782 | 215,655 | 345,127 | 0 | 345,127 | Actual 2015 | 547,461 | |||
41 | Park West Office | TTM 5/31/2016 | 802,932 | 426,186 | 376,746 | 0 | 376,746 | NAV | NAV | |||
42 | Watkinsville Self Storage | TTM 4/30/2016 | 728,313 | 313,039 | 415,274 | 0 | 415,274 | Various | 550,070 | |||
42.01 | 67 Greensboro Highway | TTM 4/30/2016 | 558,074 | 246,056 | 312,018 | 0 | 312,018 | Actual 2015 | 550,070 | |||
42.02 | 36 Arnoldsville Road | TTM 4/30/2016 | 170,240 | 66,983 | 103,257 | 0 | 103,257 | NAV | NAV | |||
43 | Brookhaven Plaza | TTM 5/31/2016 | 490,398 | 96,655 | 393,744 | 26,432 | 367,312 | Actual 2015 | 473,046 | |||
44 | Studio Pointe | TTM 5/31/2016 | 491,838 | 186,329 | 305,509 | 0 | 305,509 | Actual 2015 | 493,531 | |||
45 | Rose Pointe | TTM 5/31/2016 | 496,089 | 196,035 | 300,055 | 0 | 300,055 | Actual 2015 | 481,639 | |||
46 | Synchrony Financial Expansion - 975 Keller Rd. | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
47 | DuVal Enterprises Building | TTM 5/31/2016 | 1,147,715 | 466,660 | 681,055 | 0 | 681,055 | Actual 2015 | 1,100,708 | |||
48 | Walgreens - Reedsburg | Annualized 6 6/30/2016 | 270,000 | 0 | 270,000 | 0 | 270,000 | Actual 2015 | 270,000 | |||
49 | Shops at Walmart | TTM 6/30/2016 | 415,544 | 61,014 | 354,530 | 0 | 354,530 | Actual 2015 | 404,400 | |||
50 | Suwanee Point | TTM 6/30/2016 | 283,351 | 100,637 | 182,714 | 0 | 182,714 | Actual 2015 | 271,640 |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Second Most Recent Expenses ($)(10) | Second Most Recent NOI ($)(10) | Second Most Recent Capital Expenditures(10) | Second Most Recent NCF ($)(10) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR | Third Most Recent Period(10) | Third Most Recent Revenues ($)(10) | Third Most Recent Expenses ($)(10) | Third Most Recent NOI ($)(10) |
1 | QLIC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
2 | Novo Nordisk | 10,163,040 | 14,399,114 | 0 | 14,399,114 | Actual 2014 | 24,738,338 | 10,261,687 | 14,476,650 | ||
3 | Rentar Plaza | 11,580,671 | 12,872,742 | 0 | 12,872,742 | Actual 2014 | 23,466,573 | 11,130,209 | 12,336,364 | ||
4 | 909 Poydras | 4,365,137 | 4,423,556 | 0 | 4,423,556 | Actual 2014 | 8,368,492 | 4,496,902 | 3,871,590 | ||
5 | The Falls | 7,831,336 | 18,760,813 | 0 | 18,760,813 | Actual 2014 | 26,306,241 | 8,114,149 | 18,192,092 | ||
6 | Cassa Times Square Mixed-Use | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7 | Plaza Mexico – Los Angeles | 4,450,502 | 9,372,954 | 0 | 9,372,954 | Actual 2014 | 13,558,561 | 4,600,012 | 8,958,550 | ||
8 | 333 North Bedford | 2,382,282 | 6,630,288 | 0 | 6,630,288 | Actual 2014 | 8,550,772 | 2,221,304 | 6,329,468 | ||
9 | Yeager Portfolio | 2,220,847 | 2,944,282 | 0 | 2,944,282 | Actual 2014 | 4,338,962 | 1,918,858 | 2,420,104 | ||
9.01 | Frisco | 407,553 | 699,843 | 0 | 699,843 | Actual 2014 | 420,870 | 210,401 | 210,469 | ||
9.02 | Carmel | 381,958 | 624,382 | 0 | 624,382 | Actual 2014 | 967,490 | 374,533 | 592,957 | ||
9.03 | Fishers II | 336,692 | 416,710 | 0 | 416,710 | Actual 2014 | 719,003 | 304,969 | 414,034 | ||
9.04 | Greenwood | 308,463 | 379,442 | 0 | 379,442 | Actual 2014 | 641,897 | 272,925 | 368,972 | ||
9.05 | Fishers I | 225,515 | 318,550 | 0 | 318,550 | Actual 2014 | 521,301 | 229,326 | 291,975 | ||
9.06 | Plainfield | 327,117 | 331,353 | 0 | 331,353 | Actual 2014 | 661,728 | 294,592 | 367,136 | ||
9.07 | Noblesville I | 140,951 | 104,525 | 0 | 104,525 | Actual 2014 | 231,558 | 149,542 | 82,016 | ||
9.08 | Noblesville II | 92,598 | 69,477 | 0 | 69,477 | Actual 2014 | 175,115 | 82,570 | 92,545 | ||
10 | Sixty Soho | 9,985,776 | 2,817,772 | 0 | 2,817,772 | 405 | 342 | Actual 2014 | 12,565,888 | 11,870,867 | 695,021 |
11 | Hyatt House Philadelphia/King of Prussia | 4,498,601 | 2,996,171 | 0 | 2,996,171 | 149 | 122 | Actual 2014 | 7,371,181 | 4,374,525 | 2,996,656 |
12 | Crate & Barrel | 1,777,887 | 2,860,186 | 0 | 2,860,186 | Actual 2014 | 4,591,081 | 1,845,481 | 2,745,600 | ||
13 | Peachtree Mall | 3,853,477 | 9,307,906 | 0 | 9,307,906 | Actual 2014 | 13,807,120 | 4,019,990 | 9,787,129 | ||
14 | Fairmont Parkway | 1,014,822 | 1,953,794 | 0 | 1,953,794 | Actual 2014 | 2,869,310 | 870,549 | 1,998,760 | ||
15 | Hilton Head Village | 545,897 | 1,570,123 | 0 | 1,570,123 | Actual 2014 | 2,059,456 | 565,103 | 1,494,354 | ||
16 | 24 Hour Fitness - Pleasanton | 8,123 | 2,015,293 | 0 | 2,015,293 | Actual 2014 | 2,001,737 | 4,324 | 1,997,412 | ||
17 | Sterling Jewelers Corporate Headquarters FES | 31,907 | 1,093,093 | 0 | 1,093,093 | Actual 2014 | 1,125,000 | 30,722 | 1,094,278 | ||
18 | Hilton Garden Inn - Memphis Southaven | 2,768,680 | 1,698,235 | 0 | 1,698,235 | 124 | 96 | Actual 2014 | 4,427,807 | 2,665,228 | 1,762,579 |
19 | White Marsh Portfolio | 764,593 | 1,504,827 | 0 | 1,504,827 | Actual 2014 | 2,172,797 | 779,556 | 1,393,241 | ||
19.01 | White Marsh Professional Center | 514,079 | 900,960 | 0 | 900,960 | Actual 2014 | 1,359,032 | 554,897 | 804,135 | ||
19.02 | Ridgely’s Choice | 250,514 | 603,867 | 0 | 603,867 | Actual 2014 | 813,765 | 224,659 | 589,106 | ||
20 | At Home Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
20.01 | 15065 Creosote Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
20.02 | 2650 West Interstate 20 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
20.03 | 1600 West Kelly Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
20.04 | 2244 South Reynolds Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
20.05 | 642 South Walnut Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
21 | 53 Mercer Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
22 | HI Overland Park | 4,307,653 | 1,279,035 | 0 | 1,279,035 | 93 | 60 | Actual 2014 | 4,961,020 | 4,008,758 | 952,262 |
23 | Palm Terrace | 462,087 | 743,521 | 0 | 743,521 | Actual 2014 | 1,129,034 | 501,342 | 627,692 | ||
24 | Wind Gap Plaza | 483,264 | 918,213 | 0 | 918,213 | Actual 2014 | 1,397,491 | 440,353 | 957,139 | ||
25 | Hampton Inn Exton | 2,558,820 | 1,144,479 | 0 | 1,144,479 | 116 | 82 | Actual 2014 | 3,671,358 | 2,657,221 | 1,014,137 |
26 | Plaza On Main | 182,486 | 447,465 | 0 | 447,465 | Actual 2014 | 612,705 | 189,454 | 423,251 | ||
27 | Dalton Avenue Plaza | 458,658 | 609,013 | 0 | 609,013 | Actual 2014 | 1,084,107 | 410,388 | 673,719 | ||
28 | Campbell Gardens | 664,034 | 674,022 | 0 | 674,022 | Actual 2014 | 1,301,017 | 613,333 | 687,684 | ||
29 | Bay Pointe | 353,424 | 532,404 | 0 | 532,404 | Actual 2014 | 790,257 | 364,086 | 426,171 | ||
30 | The Crest Apartments | 235,004 | 454,818 | 0 | 454,818 | Actual 2014 | 622,807 | 226,607 | 396,200 | ||
31 | Fairfield Inn Avon | 1,326,542 | 790,388 | 0 | 790,388 | 106 | 69 | Actual 2014 | 1,924,545 | 1,148,636 | 775,910 |
32 | Foothill Plaza | 318,423 | 713,396 | 0 | 713,396 | Actual 2014 | 988,280 | 311,542 | 676,738 | ||
33 | Milford Landing Shopping Center | 221,126 | 771,190 | 0 | 771,190 | Actual 2014 | 873,444 | 221,592 | 651,852 | ||
34 | Markets At Mesa Ridge | 357,431 | 659,634 | 19,963 | 639,671 | Actual 2014 | 987,915 | 332,285 | 655,630 | ||
35 | 313-315 W Muhammad Ali Boulevard | 172,075 | 503,830 | 0 | 503,830 | Actual 2014 | 659,419 | 165,844 | 493,575 | ||
36 | Holiday Inn Express & Suites Emporia | 1,172,783 | 707,567 | 75,214 | 632,353 | 87 | 65 | Actual 2014 | 1,756,947 | 1,145,728 | 611,219 |
37 | Country Inn and Suites Savannah Airport | 1,241,697 | 750,999 | 0 | 750,999 | 87 | 66 | Actual 2014 | 1,828,516 | 1,134,286 | 694,229 |
38 | Maple Wayview Apartments | 431,084 | 259,030 | 27,500 | 231,530 | Actual 2014 | 622,717 | 354,674 | 268,043 | ||
39 | Holiday Inn Express - Yulee | 1,032,859 | 586,624 | 0 | 586,624 | 102 | 61 | Actual 2014 | 1,457,215 | 923,121 | 534,094 |
40 | Casa Meadows | 208,863 | 338,598 | 0 | 338,598 | Actual 2014 | 533,828 | 240,395 | 293,433 | ||
41 | Park West Office | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
42 | Watkinsville Self Storage | 246,373 | 303,697 | 0 | 303,697 | Various | 519,080 | 218,918 | 300,161 | ||
42.01 | 67 Greensboro Highway | 246,373 | 303,697 | 0 | 303,697 | Actual 2014 | 519,080 | 218,918 | 300,161 | ||
42.02 | 36 Arnoldsville Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
43 | Brookhaven Plaza | 96,042 | 377,003 | 10,818 | 366,186 | Actual 2014 | 480,145 | 93,573 | 386,572 | ||
44 | Studio Pointe | 185,560 | 307,971 | 0 | 307,971 | Actual 2014 | 473,316 | 200,422 | 272,894 | ||
45 | Rose Pointe | 219,771 | 261,868 | 0 | 261,868 | Actual 2014 | 471,448 | 196,423 | 275,025 | ||
46 | Synchrony Financial Expansion - 975 Keller Rd. | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
47 | DuVal Enterprises Building | 479,752 | 620,956 | 0 | 620,956 | Actual 2014 | 1,073,679 | 458,656 | 615,023 | ||
48 | Walgreens - Reedsburg | 0 | 270,000 | 0 | 270,000 | Actual 2014 | 270,000 | 0 | 270,000 | ||
49 | Shops at Walmart | 59,760 | 344,640 | 0 | 344,640 | Actual 2014 | 434,803 | 64,857 | 369,947 | ||
50 | Suwanee Point | 102,186 | 169,454 | 0 | 169,454 | Actual 2014 | 267,608 | 91,363 | 176,245 |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Third Most Recent Capital Expenditures(10) | Third Most Recent NCF ($)(10) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR | Master Lease (Y/N) | Largest Tenant Name(11)(12)(13) | Largest Tenant Sq. Ft.(11)(12)(13) | Largest Tenant % of NRA(11)(12)(13) |
1 | QLIC | NAV | NAV | N | |||||
2 | Novo Nordisk | 0 | 14,476,650 | N | Novo Nordisk Inc. | 594,009 | 78.0% | ||
3 | Rentar Plaza | 0 | 12,336,364 | Y | City of New York- DS/BOE | 516,115 | 32.9% | ||
4 | 909 Poydras | 0 | 3,871,590 | N | Stone Pigman Walther Wittmann LLC | 42,748 | 7.8% | ||
5 | The Falls | 0 | 18,192,092 | N | Macy’s | 230,000 | 27.4% | ||
6 | Cassa Times Square Mixed-Use | NAV | NAV | NAV | NAV | N | Omoiyari Inc. | 5,135 | 8.6% |
7 | Plaza Mexico – Los Angeles | 0 | 8,958,550 | N | Food 4 Less | 54,822 | 13.6% | ||
8 | 333 North Bedford | 0 | 6,329,468 | N | Grand Prix New York Racing | 117,942 | 19.3% | ||
9 | Yeager Portfolio | 0 | 2,420,104 | N | Various | Various | Various | ||
9.01 | Frisco | 0 | 210,469 | N | Osky Blue | 780 | 3.1% | ||
9.02 | Carmel | 0 | 592,957 | N | Simplexity Marketing Group | 724 | 2.4% | ||
9.03 | Fishers II | 0 | 414,034 | N | Dunlap Gill Wealth Management Group | 1,250 | 5.1% | ||
9.04 | Greenwood | 0 | 368,972 | N | Einterz Law | 688 | 2.8% | ||
9.05 | Fishers I | 0 | 291,975 | N | A Michael | 567 | 3.4% | ||
9.06 | Plainfield | 0 | 367,136 | N | Financial Solutions Group, Corp. | 716 | 3.1% | ||
9.07 | Noblesville I | 0 | 82,016 | N | Honeycomb Hair Salon | 558 | 6.9% | ||
9.08 | Noblesville II | 0 | 92,545 | N | United Chiropractic | 3,300 | 26.2% | ||
10 | Sixty Soho | 0 | 695,021 | 357 | 266 | N | |||
11 | Hyatt House Philadelphia/King of Prussia | 0 | 2,996,656 | 144 | 120 | N | |||
12 | Crate & Barrel | 0 | 2,745,600 | N | Crate & Barrel | 167,843 | 100.0% | ||
13 | Peachtree Mall | 0 | 9,787,129 | N | Macy’s | 139,219 | 26.0% | ||
14 | Fairmont Parkway | 0 | 1,998,760 | N | IT’Z | 60,000 | 34.0% | ||
15 | Hilton Head Village | 0 | 1,494,354 | N | Marshall’s | 30,000 | 27.0% | ||
16 | 24 Hour Fitness - Pleasanton | 0 | 1,997,412 | N | 24 Hour Fitness USA, Inc. | 56,206 | 100.0% | ||
17 | Sterling Jewelers Corporate Headquarters FES | 0 | 1,094,278 | N | Sterling Jewelers, Inc. | 85,686 | 100.0% | ||
18 | Hilton Garden Inn - Memphis Southaven | 0 | 1,762,579 | 122 | 95 | N | |||
19 | White Marsh Portfolio | 12,000 | 1,381,241 | N | Various | Various | Various | ||
19.01 | White Marsh Professional Center | 12,000 | 792,135 | N | David B. K. Golden, M.D., F.A.C.P. and Jonathan Matz, M.D. | 4,758 | 5.9% | ||
19.02 | Ridgely’s Choice | 0 | 589,106 | N | Madison Square Federal Savings Bank | 6,317 | 15.2% | ||
20 | At Home Portfolio | NAV | NAV | N | At Home Holdings III, Inc. | 534,881 | 100.0% | ||
20.01 | 15065 Creosote Road | NAV | NAV | N | At Home Holdings III, Inc. | 115,574 | 100.0% | ||
20.02 | 2650 West Interstate 20 | NAV | NAV | N | At Home Holdings III, Inc. | 109,415 | 100.0% | ||
20.03 | 1600 West Kelly Avenue | NAV | NAV | N | At Home Holdings III, Inc. | 108,400 | 100.0% | ||
20.04 | 2244 South Reynolds Road | NAV | NAV | N | At Home Holdings III, Inc. | 111,763 | 100.0% | ||
20.05 | 642 South Walnut Avenue | NAV | NAV | N | At Home Holdings III, Inc. | 89,729 | 100.0% | ||
21 | 53 Mercer Street | NAV | NAV | N | Dolce Vita Footwear Inc. | 8,785 | 100.0% | ||
22 | HI Overland Park | 0 | 952,262 | 87 | 53 | N | |||
23 | Palm Terrace | 0 | 627,692 | N | |||||
24 | Wind Gap Plaza | 0 | 957,139 | N | Giant Food Stores Inc | 51,400 | 53.4% | ||
25 | Hampton Inn Exton | 0 | 1,014,137 | 115 | 82 | N | |||
26 | Plaza On Main | 0 | 423,251 | N | Immunotek Bio Centers, LLC | 16,989 | 18.2% | ||
27 | Dalton Avenue Plaza | 0 | 673,719 | N | Wakefern/Price Rite | 33,369 | 30.7% | ||
28 | Campbell Gardens | 0 | 687,684 | N | |||||
29 | Bay Pointe | 0 | 426,171 | N | |||||
30 | The Crest Apartments | 0 | 396,200 | N | |||||
31 | Fairfield Inn Avon | 0 | 775,910 | 104 | 64 | N | |||
32 | Foothill Plaza | 0 | 676,738 | N | Ridley’s Family Market, Inc. | 41,460 | 36.3% | ||
33 | Milford Landing Shopping Center | 0 | 651,852 | N | Staples | 14,605 | 33.0% | ||
34 | Markets At Mesa Ridge | 40,319 | 615,311 | Y | Ent Federal Credit Union | 3,847 | 13.1% | ||
35 | 313-315 W Muhammad Ali Boulevard | 0 | 493,575 | N | JCAO - Child Services Division | 49,300 | 100.0% | ||
36 | Holiday Inn Express & Suites Emporia | 70,278 | 540,941 | 82 | 61 | N | |||
37 | Country Inn and Suites Savannah Airport | 0 | 694,229 | 76 | 61 | N | |||
38 | Maple Wayview Apartments | 27,500 | 240,543 | N | |||||
39 | Holiday Inn Express - Yulee | 0 | 534,094 | 94 | 55 | N | |||
40 | Casa Meadows | 0 | 293,433 | N | |||||
41 | Park West Office | NAV | NAV | N | Cape Henry Engineering | 29,932 | 44.8% | ||
42 | Watkinsville Self Storage | 0 | 300,161 | N | |||||
42.01 | 67 Greensboro Highway | 0 | 300,161 | N | |||||
42.02 | 36 Arnoldsville Road | NAV | NAV | N | |||||
43 | Brookhaven Plaza | 12,918 | 373,655 | N | Dollar Tree | 8,050 | 23.6% | ||
44 | Studio Pointe | 0 | 272,894 | N | |||||
45 | Rose Pointe | 0 | 275,025 | N | |||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | NAV | NAV | N | Synchrony | 25,080 | 100.0% | ||
47 | DuVal Enterprises Building | 0 | 615,023 | N | N Y Wine Warehouse | 11,202 | 20.0% | ||
48 | Walgreens - Reedsburg | 0 | 270,000 | N | Walgreens | 14,820 | 100.0% | ||
49 | Shops at Walmart | 0 | 369,947 | N | Wells Fargo Bank | 3,727 | 48.5% | ||
50 | Suwanee Point | 0 | 176,245 | N | Tanners | 4,800 | 27.4% |
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Largest Tenant Exp. Date(11)(12)(13) | 2nd Largest Tenant Name(11)(12)(13)(14) | 2nd Largest Tenant Sq. Ft.(11)(12)(13)(14) | 2nd
Largest Tenant % of NRA(11)(12)(13)(14) |
2nd Largest Tenant Exp. Date(11)(12)(13)(14) |
1 | QLIC | |||||
2 | Novo Nordisk | 4/30/2031 | ||||
3 | Rentar Plaza | 2/9/2021 | Middle Village Associates | 265,000 | 16.9% | 9/30/2024 |
4 | 909 Poydras | 10/31/2032 | Sher Garner Cahill Richter Klain McAlister & Hilbert LLC | 32,192 | 5.9% | 12/31/2027 |
5 | The Falls | 7/31/2027 | Bloomingdale’s | 225,000 | 26.8% | 1/28/2022 |
6 | Cassa Times Square Mixed-Use | 4/30/2026 | Ronnybrook Farm Hospitality Group Inc. | 3,692 | 6.2% | 3/20/2026 |
7 | Plaza Mexico – Los Angeles | 8/23/2018 | La Curacao | 27,381 | 6.8% | 1/31/2020 |
8 | 333 North Bedford | 12/31/2024 | Safe Havens Partners | 90,031 | 14.7% | 5/31/2022 |
9 | Yeager Portfolio | MTM | Various | Various | Various | MTM |
9.01 | Frisco | MTM | PhysVisible | 464 | 1.9% | MTM |
9.02 | Carmel | MTM | Arland Communications | 702 | 2.4% | MTM |
9.03 | Fishers II | MTM | IN Chiropractic & Wellness | 560 | 2.3% | MTM |
9.04 | Greenwood | MTM | The Driving Academy | 566 | 2.3% | MTM |
9.05 | Fishers I | MTM | Massillamany and Jeter, LLC | 479 | 2.9% | MTM |
9.06 | Plainfield | MTM | Secure Today Financial | 691 | 3.0% | MTM |
9.07 | Noblesville I | MTM | Bankruptcy Law Office of Jon Brown | 436 | 5.4% | MTM |
9.08 | Noblesville II | MTM | Fight For Small | 2,100 | 16.7% | MTM |
10 | Sixty Soho | |||||
11 | Hyatt House Philadelphia/King of Prussia | |||||
12 | Crate & Barrel | 11/30/2025 | ||||
13 | Peachtree Mall | 9/1/2022 | JC Penney | 82,320 | 15.4% | 11/30/2019 |
14 | Fairmont Parkway | 4/30/2022 | 24 Hour Fitness | 40,304 | 22.8% | 12/31/2021 |
15 | Hilton Head Village | 1/31/2021 | Bed Bath & Beyond | 24,710 | 22.3% | 1/31/2021 |
16 | 24 Hour Fitness - Pleasanton | 12/31/2031 | ||||
17 | Sterling Jewelers Corporate Headquarters FES | 1/31/2048 | ||||
18 | Hilton Garden Inn - Memphis Southaven | |||||
19 | White Marsh Portfolio | Various | Various | Various | Various | Various |
19.01 | White Marsh Professional Center | 9/30/2017 | NRT Mid-Atlantic, LLC Coldwell Banker Residential | 4,031 | 5.0% | 7/31/2020 |
19.02 | Ridgely’s Choice | 8/31/2021 | Greater Baltimore Medical Center, Inc. t/a Greater Baltimore Medical Associates | 6,277 | 15.1% | 2/28/2019 |
20 | At Home Portfolio | 9/30/2030 | ||||
20.01 | 15065 Creosote Road | 9/30/2030 | ||||
20.02 | 2650 West Interstate 20 | 9/30/2030 | ||||
20.03 | 1600 West Kelly Avenue | 9/30/2030 | ||||
20.04 | 2244 South Reynolds Road | 9/30/2030 | ||||
20.05 | 642 South Walnut Avenue | 9/30/2030 | ||||
21 | 53 Mercer Street | 7/31/2021 | ||||
22 | HI Overland Park | |||||
23 | Palm Terrace | |||||
24 | Wind Gap Plaza | 3/31/2020 | Dollar Tree | 9,260 | 9.6% | 3/31/2021 |
25 | Hampton Inn Exton | |||||
26 | Plaza On Main | 10/31/2030 | Furniture Liquidators USA | 16,947 | 18.1% | 5/31/2021 |
27 | Dalton Avenue Plaza | 2/28/2021 | BBE | 30,000 | 27.6% | 12/31/2020 |
28 | Campbell Gardens | |||||
29 | Bay Pointe | |||||
30 | The Crest Apartments | |||||
31 | Fairfield Inn Avon | |||||
32 | Foothill Plaza | 8/31/2033 | PNS Stores, Inc | 37,682 | 33.0% | 1/31/2021 |
33 | Milford Landing Shopping Center | 2/28/2021 | Sleepy’s | 6,500 | 14.7% | 2/28/2020 |
34 | Markets At Mesa Ridge | 5/31/2021 | SPEC OPS Liquor LLC | 3,600 | 12.2% | 9/10/2022 |
35 | 313-315 W Muhammad Ali Boulevard | 12/31/2023 | ||||
36 | Holiday Inn Express & Suites Emporia | |||||
37 | Country Inn and Suites Savannah Airport | |||||
38 | Maple Wayview Apartments | |||||
39 | Holiday Inn Express - Yulee | |||||
40 | Casa Meadows | |||||
41 | Park West Office | 6/30/2020 | Movement Mortgage | 11,661 | 17.4% | 11/30/2017 |
42 | Watkinsville Self Storage | |||||
42.01 | 67 Greensboro Highway | |||||
42.02 | 36 Arnoldsville Road | |||||
43 | Brookhaven Plaza | 1/31/2020 | Shoe Show | 7,508 | 22.0% | 11/30/2020 |
44 | Studio Pointe | |||||
45 | Rose Pointe | |||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 1/31/2026 | ||||
47 | DuVal Enterprises Building | 1/31/2021 | Plants Goodbye | 6,937 | 12.4% | 12/31/2026 |
48 | Walgreens - Reedsburg | 2/28/2081 | ||||
49 | Shops at Walmart | 9/30/2021 | El Pollo Loco, Inc | 2,670 | 34.8% | 3/31/2026 |
50 | Suwanee Point | 5/31/2021 | Sunshine China | 1,550 | 8.8% | 11/30/2018 |
A-1-11
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | 3rd Largest Tenant Name(12) | 3rd Largest Tenant Sq. Ft.(12) | 3rd
Largest Tenant % of NRA(12) |
3rd Largest Tenant Exp. Date(12) | 4th Largest Tenant Name(11)(12)(13) | 4th Largest Tenant Sq. Ft.(11)(12)(13) | 4th
Largest Tenant % of NRA(11)(12)(13) |
1 | QLIC | |||||||
2 | Novo Nordisk | |||||||
3 | Rentar Plaza | Raymour and Flanigan | 174,000 | 11.1% | 3/31/2024 | Kmart | 146,821 | 9.4% |
4 | 909 Poydras | Kean Miller LLP | 30,606 | 5.6% | 10/31/2028 | First Bank and Trust | 30,417 | 5.6% |
5 | The Falls | Regal Cinemas | 39,746 | 4.7% | 1/31/2019 | The Fresh Market | 21,720 | 2.6% |
6 | Cassa Times Square Mixed-Use | |||||||
7 | Plaza Mexico – Los Angeles | Rite Aid Corp. | 19,120 | 4.7% | 5/31/2018 | Planet Fitness | 16,361 | 4.0% |
8 | 333 North Bedford | Photo File, Inc. | 42,881 | 7.0% | 3/31/2020 | Saw Mill Club East | 42,693 | 7.0% |
9 | Yeager Portfolio | Various | Various | Various | MTM | Various | Various | Various |
9.01 | Frisco | Atomic Design & Consulting | 407 | 1.6% | MTM | Alitertech, LLC | 405 | 1.6% |
9.02 | Carmel | Guardian Angel Hospice | 673 | 2.3% | MTM | 600 The Salon | 658 | 2.2% |
9.03 | Fishers II | Clearlight Electronics, LLC | 530 | 2.1% | MTM | Administrative Strategies | 500 | 2.0% |
9.04 | Greenwood | Taylor Ryan Creations Salon | 440 | 1.8% | MTM | Lee & Associates | 439 | 1.8% |
9.05 | Fishers I | Malkoff-Hughes/ Clarity | 409 | 2.5% | MTM | Wee Believers/Troparian | 378 | 2.3% |
9.06 | Plainfield | 1st Choice Service, Inc. | 558 | 2.4% | MTM | Triangle Services, Inc. dba Maintech | 433 | 1.9% |
9.07 | Noblesville I | Vigilant Biosciences | 401 | 5.0% | MTM | Hansen Law Firm, LLC | 398 | 4.9% |
9.08 | Noblesville II | Revive, LLC | 2,100 | 16.7% | MTM | First Community Mortgage | 2,100 | 16.7% |
10 | Sixty Soho | |||||||
11 | Hyatt House Philadelphia/King of Prussia | |||||||
12 | Crate & Barrel | |||||||
13 | Peachtree Mall | Peachtree 8 | 25,439 | 4.7% | 12/31/2018 | H&M | 21,210 | 4.0% |
14 | Fairmont Parkway | Goodwill | 19,165 | 10.8% | 3/31/2021 | 3K Sports | 15,484 | 8.8% |
15 | Hilton Head Village | Old Navy | 17,332 | 15.6% | 9/30/2021 | Ulta | 9,000 | 8.1% |
16 | 24 Hour Fitness - Pleasanton | |||||||
17 | Sterling Jewelers Corporate Headquarters FES | |||||||
18 | Hilton Garden Inn - Memphis Southaven | |||||||
19 | White Marsh Portfolio | Various | Various | Various | Various | Various | Various | Various |
19.01 | White Marsh Professional Center | Eastern Regional Insurance, LLC | 3,737 | 4.7% | 11/30/2018 | Your Health Network Inc. | 3,556 | 4.4% |
19.02 | Ridgely’s Choice | MedStar Urgent Care, LLC | 3,648 | 8.8% | 6/30/2023 | Steamship Trade Association of Baltimore, Inc. | 3,210 | 7.7% |
20 | At Home Portfolio | |||||||
20.01 | 15065 Creosote Road | |||||||
20.02 | 2650 West Interstate 20 | |||||||
20.03 | 1600 West Kelly Avenue | |||||||
20.04 | 2244 South Reynolds Road | |||||||
20.05 | 642 South Walnut Avenue | |||||||
21 | 53 Mercer Street | |||||||
22 | HI Overland Park | |||||||
23 | Palm Terrace | |||||||
24 | Wind Gap Plaza | Advance Auto Parts | 8,050 | 8.4% | 1/31/2021 | Rent-A-Center Store | 5,360 | 5.6% |
25 | Hampton Inn Exton | |||||||
26 | Plaza On Main | Moran Foods, Inc dba Save A Lot | 16,528 | 17.7% | 3/31/2020 | Family Dollar Stores of Florida, Inc. | 9,100 | 9.7% |
27 | Dalton Avenue Plaza | Jo-Ann’s | 11,714 | 10.8% | 1/31/2022 | Goodwill | 8,150 | 7.5% |
28 | Campbell Gardens | |||||||
29 | Bay Pointe | |||||||
30 | The Crest Apartments | |||||||
31 | Fairfield Inn Avon | |||||||
32 | Foothill Plaza | Sizzling Platter, LLC | 5,798 | 5.1% | 7/15/2023 | Alameda Pet Hospital | 4,360 | 3.8% |
33 | Milford Landing Shopping Center | Smoker’s Choice | 5,000 | 11.3% | 9/30/2020 | Sherwin Williams | 4,041 | 9.1% |
34 | Markets At Mesa Ridge | Birdie, Inc., a Colorado Corp | 2,700 | 9.2% | 5/31/2018 | Dragon King LLC | 2,356 | 8.0% |
35 | 313-315 W Muhammad Ali Boulevard | |||||||
36 | Holiday Inn Express & Suites Emporia | |||||||
37 | Country Inn and Suites Savannah Airport | |||||||
38 | Maple Wayview Apartments | |||||||
39 | Holiday Inn Express - Yulee | |||||||
40 | Casa Meadows | |||||||
41 | Park West Office | Leidos, Inc. | 10,062 | 15.0% | 5/31/2018 | Legal Benefits, Inc. | 8,360 | 12.5% |
42 | Watkinsville Self Storage | |||||||
42.01 | 67 Greensboro Highway | |||||||
42.02 | 36 Arnoldsville Road | |||||||
43 | Brookhaven Plaza | Rue 21 | 5,000 | 14.7% | 1/31/2021 | Enliven | 2,293 | 6.7% |
44 | Studio Pointe | |||||||
45 | Rose Pointe | |||||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | |||||||
47 | DuVal Enterprises Building | Manna | 6,289 | 11.2% | 1/31/2019 | Plant Specialists,LLC | 5,780 | 10.3% |
48 | Walgreens - Reedsburg | |||||||
49 | Shops at Walmart | Red Persimmon Salon | 1,286 | 16.7% | 8/31/2021 | |||
50 | Suwanee Point | Chiropractic | 1,550 | 8.8% | 12/31/2018 | Subway | 1,520 | 8.7% |
A-1-12
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | 4th Largest Tenant Exp. Date(11)(12)(13) | 5th Largest Tenant Name(11)(12)(14) | 5th Largest Tenant Sq. Ft.(11)(12)(14) | 5th
Largest Tenant % of NRA(11)(12)(14) |
1 | QLIC | ||||
2 | Novo Nordisk | ||||
3 | Rentar Plaza | 1/31/2019 | City of New York- DOT | 120,000 | 7.7% |
4 | 909 Poydras | 3/31/2026 | Barrasso, Usdin, Kupperman, Freeman & Sarver LLC | 28,592 | 5.2% |
5 | The Falls | 8/31/2022 | American Girl | 15,840 | 1.9% |
6 | Cassa Times Square Mixed-Use | ||||
7 | Plaza Mexico – Los Angeles | 9/30/2026 | Chuck-E-Cheese | 12,116 | 3.0% |
8 | 333 North Bedford | 12/31/2020 | C&C North America | 31,454 | 5.1% |
9 | Yeager Portfolio | MTM | Various | Various | Various |
9.01 | Frisco | MTM | Sereneco Wellness | 380 | 1.5% |
9.02 | Carmel | MTM | Bliss Hair Design | 526 | 1.8% |
9.03 | Fishers II | MTM | Diamond Residential Mortgage Corp. | 499 | 2.0% |
9.04 | Greenwood | MTM | Sunstone Counseling Center | 403 | 1.7% |
9.05 | Fishers I | MTM | Brightstone Advisors/Jeff Sturgis | 378 | 2.3% |
9.06 | Plainfield | MTM | Customer Service Associates, LLC | 428 | 1.9% |
9.07 | Noblesville I | MTM | Harper Global | 367 | 4.5% |
9.08 | Noblesville II | MTM | Rivers Edge Family Natural Health | 2,100 | 16.7% |
10 | Sixty Soho | ||||
11 | Hyatt House Philadelphia/King of Prussia | ||||
12 | Crate & Barrel | ||||
13 | Peachtree Mall | 1/31/2026 | Encore | 13,159 | 2.5% |
14 | Fairmont Parkway | 1/31/2017 | Regency Beauty Institute | 6,000 | 3.4% |
15 | Hilton Head Village | 10/31/2022 | Palmetto Moon | 8,000 | 7.2% |
16 | 24 Hour Fitness - Pleasanton | ||||
17 | Sterling Jewelers Corporate Headquarters FES | ||||
18 | Hilton Garden Inn - Memphis Southaven | ||||
19 | White Marsh Portfolio | Various | Various | Various | Various |
19.01 | White Marsh Professional Center | 10/31/2023 | Stearns Lending LLC | 3,545 | 4.4% |
19.02 | Ridgely’s Choice | 7/31/2021 | Deltex Management, LLC | 2,340 | 5.6% |
20 | At Home Portfolio | ||||
20.01 | 15065 Creosote Road | ||||
20.02 | 2650 West Interstate 20 | ||||
20.03 | 1600 West Kelly Avenue | ||||
20.04 | 2244 South Reynolds Road | ||||
20.05 | 642 South Walnut Avenue | ||||
21 | 53 Mercer Street | ||||
22 | HI Overland Park | ||||
23 | Palm Terrace | ||||
24 | Wind Gap Plaza | 4/30/2017 | Wine & Spirits | 3,000 | 3.1% |
25 | Hampton Inn Exton | ||||
26 | Plaza On Main | 12/31/2021 | Worry Free Rentals, DBA Own It Now | 6,850 | 7.3% |
27 | Dalton Avenue Plaza | 7/31/2017 | Benson’s Pet Center | 7,820 | 7.2% |
28 | Campbell Gardens | ||||
29 | Bay Pointe | ||||
30 | The Crest Apartments | ||||
31 | Fairfield Inn Avon | ||||
32 | Foothill Plaza | 11/30/2018 | Chang’s Garden Restaurant | 3,000 | 2.6% |
33 | Milford Landing Shopping Center | 5/31/2021 | Olympia Sports | 3,924 | 8.9% |
34 | Markets At Mesa Ridge | 12/31/2019 | Fountain TaeKwonDo Academy | 2,160 | 7.3% |
35 | 313-315 W Muhammad Ali Boulevard | ||||
36 | Holiday Inn Express & Suites Emporia | ||||
37 | Country Inn and Suites Savannah Airport | ||||
38 | Maple Wayview Apartments | ||||
39 | Holiday Inn Express - Yulee | ||||
40 | Casa Meadows | ||||
41 | Park West Office | 4/30/2020 | Guaranteed Rate, Inc. | 2,835 | 4.2% |
42 | Watkinsville Self Storage | ||||
42.01 | 67 Greensboro Highway | ||||
42.02 | 36 Arnoldsville Road | ||||
43 | Brookhaven Plaza | 5/31/2021 | AT & T Wireless | 1,600 | 4.7% |
44 | Studio Pointe | ||||
45 | Rose Pointe | ||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | ||||
47 | DuVal Enterprises Building | Multiple Leases -- 2,379 expiring square feet 6/30/2025; 3,401 square feet expiring 7/31/2025 | Foundry | 4,048 | 7.2% |
48 | Walgreens - Reedsburg | ||||
49 | Shops at Walmart | ||||
50 | Suwanee Point | 3/31/2022 | Dry Cleaners | 1,480 | 8.4% |
A-1-13
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | 5th Largest Tenant Exp. Date(11)(12)(14) | 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 ($) | Tax Escrow (Initial) |
1 | QLIC | 12/20/2015 | 9/12/2016 | N | Y | Refinance | 8,023,541 | 9,870 | ||||
2 | Novo Nordisk | 8/10/2016 | 8/18/2016 | N | Y | Acquisition | 0 | 931,323 | ||||
3 | Rentar Plaza | 9/30/2018 | 6/19/2016 | 7/19/2016 | N | Y | Refinance | 0 | 1,311,902 | |||
4 | 909 Poydras | 12/31/2019 | 8/1/2016 | 8/1/2016 | N | Y | Refinance | 0 | 661,595 | |||
5 | The Falls | 2/28/2023 | 7/22/2016 | 7/22/2016 | N | Y | Refinance | 0 | 0 | |||
6 | Cassa Times Square Mixed-Use | 2/29/2016 | 2/29/2016 | N | Y | Refinance | 0 | 314,664 | ||||
7 | Plaza Mexico – Los Angeles | 12/31/2018 | 3/18/2016 | 3/18/2016 | 3/18/2016 | 13.0% | N | Y | Refinance | 50,500 | 289,261 | |
8 | 333 North Bedford | 3/31/2018 | 7/21/2016 | 7/15/2016 | N | Y | Refinance | 860,966 | 15,703 | |||
9 | Yeager Portfolio | MTM | 8/3/2016 | Various | N | Y | Refinance | 40,103 | 81,166 | |||
9.01 | Frisco | MTM | 8/3/2016 | 8/2/2016 | N | Y | ||||||
9.02 | Carmel | MTM | 8/3/2016 | 7/28/2016 | N | Y | ||||||
9.03 | Fishers II | MTM | 8/3/2016 | 8/3/2016 | N | Y | ||||||
9.04 | Greenwood | MTM | 8/3/2016 | 8/3/2016 | N | Y | ||||||
9.05 | Fishers I | MTM | 8/3/2016 | 7/29/2016 | N | Y | ||||||
9.06 | Plainfield | MTM | 8/3/2016 | 8/3/2016 | N | Y | ||||||
9.07 | Noblesville I | MTM | 8/3/2016 | 7/26/2016 | N | Y | ||||||
9.08 | Noblesville II | MTM | 8/3/2016 | 7/28/2016 | N | Y | ||||||
10 | Sixty Soho | 7/14/2016 | 7/13/2016 | N | Y | Refinance | 20,038 | 274,110 | ||||
11 | Hyatt House Philadelphia/King of Prussia | 5/13/2016 | 5/13/2016 | N | Y | Refinance | 0 | 315,226 | ||||
12 | Crate & Barrel | 11/11/2015 | 11/12/2015 | N | Y | Refinance | 0 | 0 | ||||
13 | Peachtree Mall | 7/31/2025 | 10/15/2015 | 10/16/2015 | N | Y | Refinance | 0 | 0 | |||
14 | Fairmont Parkway | 2/28/2018 | 9/9/2016 | 9/8/2016 | N | Y | Acquisition | 0 | 430,000 | |||
15 | Hilton Head Village | 11/14/2017 | 3/14/2016 | 3/15/2016 | N | Y | Refinance | 0 | 84,561 | |||
16 | 24 Hour Fitness - Pleasanton | 8/3/2016 | 8/3/2016 | 8/3/2016 | 14.0% | N | Y | Refinance | 17,013 | 0 | ||
17 | Sterling Jewelers Corporate Headquarters FES | 8/30/2016 | 8/25/2016 | N | Y | Refinance | 0 | 104,406 | ||||
18 | Hilton Garden Inn - Memphis Southaven | 2/2/2016 | 1/29/2016 | 1/29/2016 | 6.0% | N | Y | Refinance | 6,250 | 99,731 | ||
19 | White Marsh Portfolio | Various | 7/18/2016 | 7/18/2016 | N | Y | Acquisition | 146,250 | 59,597 | |||
19.01 | White Marsh Professional Center | 5/31/2019 | 7/18/2016 | 7/18/2016 | N | Y | ||||||
19.02 | Ridgely’s Choice | 7/31/2018 | 7/18/2016 | 7/18/2016 | N | Y | ||||||
20 | At Home Portfolio | 8/19/2015 | Various | N | Y | Acquisition | 0 | 0 | ||||
20.01 | 15065 Creosote Road | 8/19/2015 | 8/19/2015 | N | Y | |||||||
20.02 | 2650 West Interstate 20 | 8/19/2015 | 8/19/2015 | N | Y | |||||||
20.03 | 1600 West Kelly Avenue | 8/19/2015 | 8/17/2015 | N | Y | |||||||
20.04 | 2244 South Reynolds Road | 8/19/2015 | 8/19/2015 | N | Y | |||||||
20.05 | 642 South Walnut Avenue | 8/19/2015 | 8/19/2015 | N | Y | |||||||
21 | 53 Mercer Street | 7/13/2016 | 7/5/2016 | N | Y | Refinance | 1,750 | 23,909 | ||||
22 | HI Overland Park | 8/11/2016 | 8/10/2016 | N | Y | Refinance | 104,375 | 93,634 | ||||
23 | Palm Terrace | 6/22/2016 | 6/22/2016 | 6/23/2016 | 17.0% | N | Y | Refinance | 0 | 32,133 | ||
24 | Wind Gap Plaza | 6/30/2023 | 7/8/2016 | 7/8/2016 | N | Y | Refinance | 0 | 31,288 | |||
25 | Hampton Inn Exton | 6/3/2016 | 6/2/2016 | N | Y | Refinance | 56,541 | 11,989 | ||||
26 | Plaza On Main | 2/28/2022 | 6/13/2016 | 6/10/2016 | N | Y | Refinance | 0 | 45,407 | |||
27 | Dalton Avenue Plaza | 8/31/2018 | 6/29/2016 | 6/29/2016 | N | Y | Refinance | 0 | 22,609 | |||
28 | Campbell Gardens | 6/10/2016 | 6/10/2016 | N | Y | Acquisition | 82,556 | 45,769 | ||||
29 | Bay Pointe | 6/22/2016 | 6/22/2016 | 6/22/2016 | 10.0% | N | Y | Refinance | 5,156 | 38,688 | ||
30 | The Crest Apartments | 6/22/2016 | 6/22/2016 | 6/22/2016 | 19.0% | N | Y | Refinance | 0 | 20,695 | ||
31 | Fairfield Inn Avon | 4/21/2016 | 4/21/2016 | N | Y | Acquisition | 0 | 13,847 | ||||
32 | Foothill Plaza | 8/31/2020 | 7/14/2016 | 7/18/2016 | 7/18/2016 | 6.0% | N | Y | Refinance | 216,919 | 49,681 | |
33 | Milford Landing Shopping Center | 1/31/2018 | 6/30/2016 | 6/30/2016 | N | Y | Refinance | 0 | 49,471 | |||
34 | Markets At Mesa Ridge | 10/31/2021 | 3/10/2016 | 5/12/2016 | N | Y | Acquisition | 0 | 35,000 | |||
35 | 313-315 W Muhammad Ali Boulevard | 3/3/2016 | 3/4/2016 | N | Y | Refinance | 12,500 | 0 | ||||
36 | Holiday Inn Express & Suites Emporia | 8/1/2016 | 8/1/2016 | N | Y | Refinance | 0 | 30,359 | ||||
37 | Country Inn and Suites Savannah Airport | 3/29/2016 | 3/29/2016 | N | Y | Refinance | 6,688 | 62,411 | ||||
38 | Maple Wayview Apartments | 6/30/2016 | 7/1/2016 | N | Y | Acquisition | 45,161 | 17,150 | ||||
39 | Holiday Inn Express - Yulee | 6/17/2016 | 6/17/2016 | N | Y | Refinance | 0 | 35,105 | ||||
40 | Casa Meadows | 6/22/2016 | 6/22/2016 | 6/22/2016 | 17.0% | N | Y | Refinance | 4,938 | 15,156 | ||
41 | Park West Office | 6/30/2019 | 7/13/2016 | 7/13/2016 | N | Y | Refinance | 0 | 13,129 | |||
42 | Watkinsville Self Storage | Various | Various | N | Y | Refinance & Acquisition | 56,625 | 24,957 | ||||
42.01 | 67 Greensboro Highway | 6/3/2016 | 6/3/2016 | N | Y | |||||||
42.02 | 36 Arnoldsville Road | 6/16/2016 | 6/15/2016 | N | Y | |||||||
43 | Brookhaven Plaza | 3/3/2017 | 7/27/2016 | 7/25/2016 | N | Y | Refinance | 4,250 | 29,848 | |||
44 | Studio Pointe | 6/22/2016 | 6/22/2016 | 6/22/2016 | 13.0% | N | Y | Refinance | 15,750 | 19,626 | ||
45 | Rose Pointe | 6/22/2016 | 6/22/2016 | 6/22/2016 | 13.0% | N | Y | Refinance | 1,875 | 17,726 | ||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 7/15/2016 | 7/15/2016 | N | Y | Acquisition | 0 | 44,030 | ||||
47 | DuVal Enterprises Building | 12/31/2026 | 6/28/2016 | 7/6/2016 | N | Y | Refinance | 0 | 0 | |||
48 | Walgreens - Reedsburg | 6/26/2016 | 7/26/2016 | N | N | Refinance | 0 | 0 | ||||
49 | Shops at Walmart | 7/29/2016 | N | Y | Refinance | 0 | 0 | |||||
50 | Suwanee Point | 12/31/2018 | 8/16/2016 | 8/5/2016 | N | Y | Refinance | 0 | 2,132 |
A-1-14
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | 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 ($) | Monthly Replacement Reserve ($)(15) |
1 | QLIC | 9,870 | Cash | 0 | Springing | 0 | 7,017 | |||
2 | Novo Nordisk | 465,662 | Cash | 39,186 | 19,593 | Cash | 0 | 3,656 | ||
3 | Rentar Plaza | 437,301 | Cash | 230,316 | Springing | Cash | 0 | 13,060 | ||
4 | 909 Poydras | 73,511 | Cash | 205,370 | 41,074 | Cash | 1,428,000 | 6,814 | ||
5 | The Falls | Springing | 0 | Springing | 0 | Springing | ||||
6 | Cassa Times Square Mixed-Use | 78,666 | Cash | 55,834 | 5,583 | Cash | 0 | See Footnote (15) | ||
7 | Plaza Mexico – Los Angeles | 57,852 | Cash | 53,346 | 8,891 | Cash | 0 | 5,051 | ||
8 | 333 North Bedford | 120,633 | Cash | 127,612 | 10,634 | Cash | 0 | 5,100 | ||
9 | Yeager Portfolio | 40,583 | Cash | 25,388 | 4,231 | Cash | 0 | 2,997 | ||
9.01 | Frisco | |||||||||
9.02 | Carmel | |||||||||
9.03 | Fishers II | |||||||||
9.04 | Greenwood | |||||||||
9.05 | Fishers I | |||||||||
9.06 | Plainfield | |||||||||
9.07 | Noblesville I | |||||||||
9.08 | Noblesville II | |||||||||
10 | Sixty Soho | 137,055 | Cash | 74,414 | 12,402 | Cash | 0 | Springing | ||
11 | Hyatt House Philadelphia/King of Prussia | 30,733 | Cash | 0 | Springing | 0 | 23,937; Springing | |||
12 | Crate & Barrel | Springing | 0 | Springing | 0 | Springing | ||||
13 | Peachtree Mall | Springing | 0 | Springing | 0 | Springing | ||||
14 | Fairmont Parkway | 43,000 | Cash | 16,384 | 8,192 | Cash | 2,111 | 2,111 | ||
15 | Hilton Head Village | 14,094 | Cash | 11,415 | 2,210 | Cash | 0 | 1,851 | ||
16 | 24 Hour Fitness - Pleasanton | Springing | 4,070 | 2,035 | Cash | 0 | 703 | |||
17 | Sterling Jewelers Corporate Headquarters FES | Springing | Cash | 2,785 | Springing | Cash | 0 | 1,428 | ||
18 | Hilton Garden Inn - Memphis Southaven | 9,409 | Cash | 16,383 | 4,551 | Cash | 0 | Springing | ||
19 | White Marsh Portfolio | 16,555 | Cash | 7,425 | 2,856 | Cash | 0 | 2,533 | ||
19.01 | White Marsh Professional Center | |||||||||
19.02 | Ridgely’s Choice | |||||||||
20 | At Home Portfolio | Springing | 0 | Springing | 0 | Springing | ||||
20.01 | 15065 Creosote Road | |||||||||
20.02 | 2650 West Interstate 20 | |||||||||
20.03 | 1600 West Kelly Avenue | |||||||||
20.04 | 2244 South Reynolds Road | |||||||||
20.05 | 642 South Walnut Avenue | |||||||||
21 | 53 Mercer Street | Springing | Cash | 2,524 | 2,524 | Cash | 0 | 0 | ||
22 | HI Overland Park | 15,606 | Cash | 7,235 | Springing | Cash | 0 | 18,885 | ||
23 | Palm Terrace | 4,017 | Cash | 3,374 | 1,687 | Cash | 0 | 2,000 | ||
24 | Wind Gap Plaza | 15,644 | Cash | 8,393 | 1,679 | Cash | 0 | 1,203 | ||
25 | Hampton Inn Exton | 11,989 | Cash | 9,742 | 2,435 | Cash | 0 | Springing | ||
26 | Plaza On Main | 5,045 | Cash | 20,768 | 3,461 | Cash | 0 | 1,167 | ||
27 | Dalton Avenue Plaza | 14,131 | Cash | 6,439 | 4,024 | Cash | 0 | 1,357 | ||
28 | Campbell Gardens | 5,085 | Cash | 22,095 | 2,455 | Cash | 0 | 2,310 | ||
29 | Bay Pointe | 4,836 | Cash | 1,323 | 661 | Cash | 0 | 1,542 | ||
30 | The Crest Apartments | 2,587 | Cash | 1,537 | 768 | Cash | 0 | 1,144 | ||
31 | Fairfield Inn Avon | 6,923 | Cash | 5,437 | 2,719 | Cash | 0 | 4.0% of the prior month’s gross rent | ||
32 | Foothill Plaza | 13,800 | Cash | 0 | 1,404 | Cash | 0 | 1,918 | ||
33 | Milford Landing Shopping Center | 7,611 | Cash | 2,500 | 833 | Cash | 0 | 553 | ||
34 | Markets At Mesa Ridge | 7,000 | Cash | 3,741 | 1,247 | Cash | 75,000 | 490 | ||
35 | 313-315 W Muhammad Ali Boulevard | 373; Springing | Cash | 1,815 | 698 | Cash | 20,203 | 2,886 | ||
36 | Holiday Inn Express & Suites Emporia | 3,795 | Cash | 9,042 | 1,292 | Cash | 0 | 6,388 | ||
37 | Country Inn and Suites Savannah Airport | 9,022 | Cash | 14,080 | 2,816 | Cash | 0 | See Footnote (15) | ||
38 | Maple Wayview Apartments | 8,575 | Cash | 7,987 | 2,662 | Cash | 125,000 | 2,292 | ||
39 | Holiday Inn Express - Yulee | 3,312 | Cash | 29,958 | 1,911 | Cash | 0 | 2,881 | ||
40 | Casa Meadows | 1,895 | Cash | 1,740 | 870 | Cash | 0 | 1,021 | ||
41 | Park West Office | 4,249 | Cash | 1,528 | 1,528 | Cash | 0 | 1,826 | ||
42 | Watkinsville Self Storage | 2,773 | Cash | 3,972 | 854 | Cash | 0 | 1,518 | ||
42.01 | 67 Greensboro Highway | |||||||||
42.02 | 36 Arnoldsville Road | |||||||||
43 | Brookhaven Plaza | 3,109 | Cash | 6,542 | 681 | Cash | 0 | 1,419 | ||
44 | Studio Pointe | 2,453 | Cash | 1,577 | 789 | Cash | 0 | 875 | ||
45 | Rose Pointe | 2,216 | Cash | 1,556 | 778 | Cash | 0 | 1,105 | ||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 4,154 | Cash | 7,749 | 1,174 | Cash | 0 | 314 | ||
47 | DuVal Enterprises Building | Springing | 0 | Springing | 0 | Springing | ||||
48 | Walgreens - Reedsburg | Springing | 123 | 41 | Cash | 0 | Springing | |||
49 | Shops at Walmart | Springing | 0 | Springing | 0 | 205 | ||||
50 | Suwanee Point | 2,132 | Cash | 557 | 279 | Cash | 0 | 465 |
A-1-15
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Replacement Reserve Cap ($)(15) | Replacement Reserve Escrow - Cash or LoC | Replacement Reserve Escrow - LoC Counterparty | Upfront TI/LC Reserve ($)(16) | Monthly TI/LC Reserve ($) | TI/LC Reserve Cap ($)(16) | TI/LC Escrow - Cash or LoC |
1 | QLIC | 0 | Cash | 0 | 0 | 0 | ||
2 | Novo Nordisk | 0 | Cash | 0 | 0 | 0 | ||
3 | Rentar Plaza | 0 | Cash | 0 | 32,650 | 0 | Cash | |
4 | 909 Poydras | 0 | Cash | 2,000,000 | Springing | 0 | Cash | |
5 | The Falls | 335,803 | 0 | Springing | 2,098,768 | |||
6 | Cassa Times Square Mixed-Use | 0 | Cash | 500,000 | 965 | 0 | Cash | |
7 | Plaza Mexico – Los Angeles | 0 | Cash | 0 | 33,672; Springing | 1,212,192 | Cash | |
8 | 333 North Bedford | 0 | Cash | 1,500,000 | Springing | 1,500,000 | Cash | |
9 | Yeager Portfolio | 0 | Cash | 0 | 11,988 | 400,000 | Cash | |
9.01 | Frisco | |||||||
9.02 | Carmel | |||||||
9.03 | Fishers II | |||||||
9.04 | Greenwood | |||||||
9.05 | Fishers I | |||||||
9.06 | Plainfield | |||||||
9.07 | Noblesville I | |||||||
9.08 | Noblesville II | |||||||
10 | Sixty Soho | 0 | 0 | 0 | 0 | |||
11 | Hyatt House Philadelphia/King of Prussia | 0 | Cash | 0 | 0 | 0 | ||
12 | Crate & Barrel | 0 | 0 | 0 | 0 | |||
13 | Peachtree Mall | 0 | 0 | Springing | 0 | |||
14 | Fairmont Parkway | 75,987 | Cash | 9,850 | 9,850 | 450,000 | Cash | |
15 | Hilton Head Village | On or after January 6, 2023: $88,832. | Cash | 150,000 | 9,254 | See Footnote (16) | Cash | |
16 | 24 Hour Fitness - Pleasanton | 16,862 | Cash | 0 | 0 | 0 | ||
17 | Sterling Jewelers Corporate Headquarters FES | 0 | Cash | 0 | 7,141 | 0 | Cash | |
18 | Hilton Garden Inn - Memphis Southaven | 0 | 0 | 0 | 0 | |||
19 | White Marsh Portfolio | 0 | Cash | 75,000 | 15,200 | 0 | Cash | |
19.01 | White Marsh Professional Center | |||||||
19.02 | Ridgely’s Choice | |||||||
20 | At Home Portfolio | 0 | 0 | Springing | 0 | |||
20.01 | 15065 Creosote Road | |||||||
20.02 | 2650 West Interstate 20 | |||||||
20.03 | 1600 West Kelly Avenue | |||||||
20.04 | 2244 South Reynolds Road | |||||||
20.05 | 642 South Walnut Avenue | |||||||
21 | 53 Mercer Street | 0 | 313,500 | 0 | 0 | Cash | ||
22 | HI Overland Park | 0 | Cash | 0 | 0 | 0 | ||
23 | Palm Terrace | 0 | Cash | 0 | 0 | 0 | ||
24 | Wind Gap Plaza | 50,000 | Cash | 0 | 8,019 | 250,000 | Cash | |
25 | Hampton Inn Exton | 0 | Cash | 0 | 0 | 0 | ||
26 | Plaza On Main | 0 | Cash | 200,000 | 7,783 | 200,000 | Cash | |
27 | Dalton Avenue Plaza | 0 | Cash | 0 | 4,070 | 350,000 | Cash | |
28 | Campbell Gardens | 0 | Cash | 0 | 0 | 0 | ||
29 | Bay Pointe | 0 | Cash | 0 | 0 | 0 | ||
30 | The Crest Apartments | 0 | Cash | 0 | 0 | 0 | ||
31 | Fairfield Inn Avon | 0 | Cash | 0 | 0 | 0 | ||
32 | Foothill Plaza | 0 | Cash | 50,000 | 4,795 | 258,955 | Cash | |
33 | Milford Landing Shopping Center | 50,000 | Cash | 0 | 3,685 | 150,000 | Cash | |
34 | Markets At Mesa Ridge | 0 | Cash | 375,000 | 1,839 | 0 | Cash | |
35 | 313-315 W Muhammad Ali Boulevard | 0 | Cash | 0 | 5,135 | 0 | Cash | |
36 | Holiday Inn Express & Suites Emporia | 0 | Cash | 0 | 0 | 0 | ||
37 | Country Inn and Suites Savannah Airport | 0 | Cash | 0 | 0 | 0 | ||
38 | Maple Wayview Apartments | 0 | 0 | 0 | 0 | |||
39 | Holiday Inn Express - Yulee | 0 | Cash | 0 | 0 | 0 | ||
40 | Casa Meadows | 0 | Cash | 0 | 0 | 0 | ||
41 | Park West Office | 0 | Cash | 100,000 | 5,572 | 200,000 | LOC | |
42 | Watkinsville Self Storage | 0 | Cash | 0 | 0 | 0 | ||
42.01 | 67 Greensboro Highway | |||||||
42.02 | 36 Arnoldsville Road | |||||||
43 | Brookhaven Plaza | 0 | Cash | 200,000 | 3,547 | 300,000 | Cash | |
44 | Studio Pointe | 0 | Cash | 0 | 0 | 0 | ||
45 | Rose Pointe | 0 | Cash | 0 | 0 | 0 | ||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 0 | Cash | 0 | 523 | 0 | Cash | |
47 | DuVal Enterprises Building | 0 | 0 | Springing | 0 | |||
48 | Walgreens - Reedsburg | 0 | 0 | Springing | 0 | |||
49 | Shops at Walmart | 7,380 | Cash | 0 | 1,389 | 0 | Cash | |
50 | Suwanee Point | 45,000 | Cash | 0 | 1,460 | 0 | Cash |
A-1-16
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | TI/LC Escrow - LoC Counterparty | Debt Service Escrow (Initial) ($) | Debt Service Escrow (Monthly) ($) | Debt Service Escrow - Cash or LoC | Debt Service Escrow - LoC Counterparty | Other Escrow I Reserve Description(11) | Other Escrow I (Initial) ($)(11) |
1 | QLIC | 0 | 0 | Shortfall Reserve | 2,100,000 | |||
2 | Novo Nordisk | 0 | 0 | 0 | ||||
3 | Rentar Plaza | 0 | 0 | Primary Tenant Reserve | 0 | |||
4 | 909 Poydras | 0 | 0 | Initial TI/LC Reserve | 4,820,339 | |||
5 | The Falls | 0 | 0 | 0 | ||||
6 | Cassa Times Square Mixed-Use | 0 | 0 | Rent Abatement Reserve | 249,000 | |||
7 | Plaza Mexico – Los Angeles | 0 | 0 | Free Rent Reserve | 744,439 | |||
8 | 333 North Bedford | 0 | 0 | 0 | ||||
9 | Yeager Portfolio | 0 | 0 | 0 | ||||
9.01 | Frisco | |||||||
9.02 | Carmel | |||||||
9.03 | Fishers II | |||||||
9.04 | Greenwood | |||||||
9.05 | Fishers I | |||||||
9.06 | Plainfield | |||||||
9.07 | Noblesville I | |||||||
9.08 | Noblesville II | |||||||
10 | Sixty Soho | 0 | 0 | Restaurant TI/LC Reserve | 500,000 | |||
11 | Hyatt House Philadelphia/King of Prussia | 0 | 0 | Seasonality Reserve | 0 | |||
12 | Crate & Barrel | 0 | 0 | Ground Lease Rents | 0 | |||
13 | Peachtree Mall | 0 | 0 | 0 | ||||
14 | Fairmont Parkway | 0 | 0 | Operating Expense Funds | 0 | |||
15 | Hilton Head Village | 0 | 0 | 0 | ||||
16 | 24 Hour Fitness - Pleasanton | 0 | 0 | 0 | ||||
17 | Sterling Jewelers Corporate Headquarters FES | 0 | 0 | 0 | ||||
18 | Hilton Garden Inn - Memphis Southaven | 0 | 0 | PIP Reserve Funds | 1,000,000 | |||
19 | White Marsh Portfolio | 0 | 0 | Achievement Reserve Funds | 245,000 | |||
19.01 | White Marsh Professional Center | |||||||
19.02 | Ridgely’s Choice | |||||||
20 | At Home Portfolio | 0 | 0 | 0 | ||||
20.01 | 15065 Creosote Road | |||||||
20.02 | 2650 West Interstate 20 | |||||||
20.03 | 1600 West Kelly Avenue | |||||||
20.04 | 2244 South Reynolds Road | |||||||
20.05 | 642 South Walnut Avenue | |||||||
21 | 53 Mercer Street | 0 | 0 | Cash Collateral Reserve | 450,000 | |||
22 | HI Overland Park | 0 | 0 | PIP Reserve | 0 | |||
23 | Palm Terrace | 0 | 0 | Retrofit Reserve | 129,490 | |||
24 | Wind Gap Plaza | 0 | 0 | 0 | ||||
25 | Hampton Inn Exton | 0 | 0 | Seasonality Reserve | 97,000 | |||
26 | Plaza On Main | 0 | 0 | Rent-A-Center Reserve | 200,000 | |||
27 | Dalton Avenue Plaza | 0 | 0 | Unfunded Obligations Funds | 5,000 | |||
28 | Campbell Gardens | 0 | 0 | 0 | ||||
29 | Bay Pointe | 0 | 0 | 0 | ||||
30 | The Crest Apartments | 0 | 0 | Retrofit Reserve | 212,980 | |||
31 | Fairfield Inn Avon | 0 | 0 | PIP Reserve | 590,425 | |||
32 | Foothill Plaza | 0 | 0 | 0 | ||||
33 | Milford Landing Shopping Center | 0 | 0 | 0 | ||||
34 | Markets At Mesa Ridge | 0 | 0 | 0 | ||||
35 | 313-315 W Muhammad Ali Boulevard | 0 | 0 | 0 | ||||
36 | Holiday Inn Express & Suites Emporia | 0 | 0 | PIP Reserve | 0 | |||
37 | Country Inn and Suites Savannah Airport | 0 | 0 | Seasonality Reserve | 90,000 | |||
38 | Maple Wayview Apartments | 0 | 0 | 0 | ||||
39 | Holiday Inn Express - Yulee | 0 | 0 | PIP Reserve Funds | 1,008,306 | |||
40 | Casa Meadows | 0 | 0 | Retrofit Reserve | 58,075 | |||
41 | Park West Office | Revere Bank | 0 | 0 | 0 | |||
42 | Watkinsville Self Storage | 0 | 0 | Construction Work Reserve | 600,979 | |||
42.01 | 67 Greensboro Highway | |||||||
42.02 | 36 Arnoldsville Road | |||||||
43 | Brookhaven Plaza | 0 | 0 | 0 | ||||
44 | Studio Pointe | 0 | 0 | 0 | ||||
45 | Rose Pointe | 0 | 0 | 0 | ||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 0 | 0 | Unfunded Obligations Funds | 1,439,039 | |||
47 | DuVal Enterprises Building | 0 | 0 | 0 | ||||
48 | Walgreens - Reedsburg | 0 | 0 | 0 | ||||
49 | Shops at Walmart | 0 | 0 | 0 | ||||
50 | Suwanee Point | 0 | 0 | 0 |
A-1-17
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) | Other Escrow I Escrow - Cash or LoC | Other Escrow I - LoC Counterparty |
1 | QLIC | 0 | 1,000,000 | Cash | |
2 | Novo Nordisk | 0 | 0 | ||
3 | Rentar Plaza | Springing | 0 | ||
4 | 909 Poydras | 0 | 0 | Cash | |
5 | The Falls | 0 | 0 | ||
6 | Cassa Times Square Mixed-Use | 0 | 0 | Cash | |
7 | Plaza Mexico – Los Angeles | 0 | 0 | Cash | |
8 | 333 North Bedford | 0 | 0 | ||
9 | Yeager Portfolio | 0 | 0 | ||
9.01 | Frisco | ||||
9.02 | Carmel | ||||
9.03 | Fishers II | ||||
9.04 | Greenwood | ||||
9.05 | Fishers I | ||||
9.06 | Plainfield | ||||
9.07 | Noblesville I | ||||
9.08 | Noblesville II | ||||
10 | Sixty Soho | 0 | 0 | Cash | |
11 | Hyatt House Philadelphia/King of Prussia | Springing | 0 | ||
12 | Crate & Barrel | Springing | 0 | ||
13 | Peachtree Mall | 0 | 0 | ||
14 | Fairmont Parkway | Springing | 0 | ||
15 | Hilton Head Village | 0 | 0 | ||
16 | 24 Hour Fitness - Pleasanton | 0 | 0 | ||
17 | Sterling Jewelers Corporate Headquarters FES | 0 | 0 | ||
18 | Hilton Garden Inn - Memphis Southaven | 0 | 0 | Cash | |
19 | White Marsh Portfolio | 0 | 0 | Cash | |
19.01 | White Marsh Professional Center | ||||
19.02 | Ridgely’s Choice | ||||
20 | At Home Portfolio | 0 | 0 | ||
20.01 | 15065 Creosote Road | ||||
20.02 | 2650 West Interstate 20 | ||||
20.03 | 1600 West Kelly Avenue | ||||
20.04 | 2244 South Reynolds Road | ||||
20.05 | 642 South Walnut Avenue | ||||
21 | 53 Mercer Street | 0 | 0 | Cash | |
22 | HI Overland Park | Springing | 0 | ||
23 | Palm Terrace | 0 | 0 | Cash | |
24 | Wind Gap Plaza | 0 | 0 | ||
25 | Hampton Inn Exton | Springing | 0 | Cash | |
26 | Plaza On Main | 0 | 0 | ||
27 | Dalton Avenue Plaza | 0 | 0 | Cash | |
28 | Campbell Gardens | 0 | 0 | ||
29 | Bay Pointe | 0 | 0 | ||
30 | The Crest Apartments | 0 | 0 | Cash | |
31 | Fairfield Inn Avon | 0 | 0 | Cash | |
32 | Foothill Plaza | 0 | 0 | ||
33 | Milford Landing Shopping Center | 0 | 0 | ||
34 | Markets At Mesa Ridge | 0 | 0 | ||
35 | 313-315 W Muhammad Ali Boulevard | 0 | 0 | ||
36 | Holiday Inn Express & Suites Emporia | Springing | 0 | ||
37 | Country Inn and Suites Savannah Airport | Monthly: $15,000 on each Payment Date occuring during the period between March and August, inclusive | 0 | Cash | |
38 | Maple Wayview Apartments | 0 | 0 | ||
39 | Holiday Inn Express - Yulee | 0 | 0 | Cash | |
40 | Casa Meadows | 0 | 0 | Cash | |
41 | Park West Office | 0 | 0 | ||
42 | Watkinsville Self Storage | 0 | 0 | ||
42.01 | 67 Greensboro Highway | ||||
42.02 | 36 Arnoldsville Road | ||||
43 | Brookhaven Plaza | 0 | 0 | ||
44 | Studio Pointe | 0 | 0 | ||
45 | Rose Pointe | 0 | 0 | ||
46 | Synchrony Financial Expansion - 975 Keller Rd. | 0 | 0 | ||
47 | DuVal Enterprises Building | 0 | 0 | ||
48 | Walgreens - Reedsburg | 0 | 0 | ||
49 | Shops at Walmart | 0 | 0 | ||
50 | Suwanee Point | 0 | 0 |
A-1-18
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Other Escrow II Reserve Description(11)(17)(18) | Other Escrow II (Initial) ($)(8)(11)(17) | Other Escrow II (Monthly) ($)(18) | Other Escrow II Cap ($) |
1 | QLIC | 0 | 0 | 0 | |
2 | Novo Nordisk | 0 | 0 | 0 | |
3 | Rentar Plaza | 0 | 0 | 0 | |
4 | 909 Poydras | Free Rent Reserve | 1,182,407 | 0 | 0 |
5 | The Falls | 0 | 0 | 0 | |
6 | Cassa Times Square Mixed-Use | Buildout Reserve | 33,115 | 0 | 0 |
7 | Plaza Mexico – Los Angeles | See Footnote (17) | See Footnote (17) | 0 | 0 |
8 | 333 North Bedford | 0 | 0 | 0 | |
9 | Yeager Portfolio | 0 | 0 | 0 | |
9.01 | Frisco | ||||
9.02 | Carmel | ||||
9.03 | Fishers II | ||||
9.04 | Greenwood | ||||
9.05 | Fishers I | ||||
9.06 | Plainfield | ||||
9.07 | Noblesville I | ||||
9.08 | Noblesville II | ||||
10 | Sixty Soho | Free Rent Reserve; Basement Lease Reserve | Free Rent Reserve: Upfront: $30,000; Basement Lease Reserve: Upfront: $7,500 | Springing | 0 |
11 | Hyatt House Philadelphia/King of Prussia | 0 | 0 | 0 | |
12 | Crate & Barrel | 0 | 0 | 0 | |
13 | Peachtree Mall | 0 | 0 | 0 | |
14 | Fairmont Parkway | 0 | 0 | 0 | |
15 | Hilton Head Village | 0 | 0 | 0 | |
16 | 24 Hour Fitness - Pleasanton | 0 | 0 | 0 | |
17 | Sterling Jewelers Corporate Headquarters FES | 0 | 0 | 0 | |
18 | Hilton Garden Inn - Memphis Southaven | 0 | 0 | 0 | |
19 | White Marsh Portfolio | Unfunded Tenant Obligations Reserve Funds | 31,711 | 0 | 0 |
19.01 | White Marsh Professional Center | ||||
19.02 | Ridgely’s Choice | ||||
20 | At Home Portfolio | 0 | 0 | 0 | |
20.01 | 15065 Creosote Road | ||||
20.02 | 2650 West Interstate 20 | ||||
20.03 | 1600 West Kelly Avenue | ||||
20.04 | 2244 South Reynolds Road | ||||
20.05 | 642 South Walnut Avenue | ||||
21 | 53 Mercer Street | 0 | 0 | 0 | |
22 | HI Overland Park | Seasonality Reserve | 208,000 | Springing | 0 |
23 | Palm Terrace | 0 | 0 | 0 | |
24 | Wind Gap Plaza | 0 | 0 | 0 | |
25 | Hampton Inn Exton | PIP Reserve | 2,999,790 | 0 | 0 |
26 | Plaza On Main | 0 | 0 | 0 | |
27 | Dalton Avenue Plaza | 0 | 0 | 0 | |
28 | Campbell Gardens | 0 | 0 | 0 | |
29 | Bay Pointe | 0 | 0 | 0 | |
30 | The Crest Apartments | 0 | 0 | 0 | |
31 | Fairfield Inn Avon | Seasonal Reserve | 55,000 | See Footnote (18) | 0 |
32 | Foothill Plaza | 0 | 0 | 0 | |
33 | Milford Landing Shopping Center | 0 | 0 | 0 | |
34 | Markets At Mesa Ridge | 0 | 0 | 0 | |
35 | 313-315 W Muhammad Ali Boulevard | 0 | 0 | 0 | |
36 | Holiday Inn Express & Suites Emporia | 0 | 0 | 0 | |
37 | Country Inn and Suites Savannah Airport | Ground Rent Reserve; Tax Litigation Reserve | Ground Rent Reserve: Upfront: $24,000; Tax Litigation Reserve: Upfront: $47,220.38 | 0 | 0 |
38 | Maple Wayview Apartments | 0 | 0 | 0 | |
39 | Holiday Inn Express - Yulee | Seasonality Reserve | 60,000 | Springing | 0 |
40 | Casa Meadows | 0 | 0 | 0 | |
41 | Park West Office | 0 | 0 | 0 | |
42 | Watkinsville Self Storage | 0 | 0 | 0 | |
42.01 | 67 Greensboro Highway | ||||
42.02 | 36 Arnoldsville Road | ||||
43 | Brookhaven Plaza | 0 | 0 | 0 | |
44 | Studio Pointe | 0 | 0 | 0 | |
45 | Rose Pointe | 0 | 0 | 0 | |
46 | Synchrony Financial Expansion - 975 Keller Rd. | 0 | 0 | 0 | |
47 | DuVal Enterprises Building | 0 | 0 | 0 | |
48 | Walgreens - Reedsburg | 0 | 0 | 0 | |
49 | Shops at Walmart | 0 | 0 | 0 | |
50 | Suwanee Point | 0 | 0 | 0 |
A-1-19
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Other Escrow II Escrow - Cash or LoC | Other Escrow II - LoC Counterparty | Holdback | Ownership Interest | Ground Lease Initial Expiration Date | Annual Ground Rent Payment |
1 | QLIC | Fee | |||||
2 | Novo Nordisk | Fee | |||||
3 | Rentar Plaza | Fee | |||||
4 | 909 Poydras | Cash | Fee | ||||
5 | The Falls | Fee | |||||
6 | Cassa Times Square Mixed-Use | Cash | Fee | ||||
7 | Plaza Mexico – Los Angeles | Cash | Fee | ||||
8 | 333 North Bedford | Fee | |||||
9 | Yeager Portfolio | Fee | |||||
9.01 | Frisco | Fee | |||||
9.02 | Carmel | Fee | |||||
9.03 | Fishers II | Fee | |||||
9.04 | Greenwood | Fee | |||||
9.05 | Fishers I | Fee | |||||
9.06 | Plainfield | Fee | |||||
9.07 | Noblesville I | Fee | |||||
9.08 | Noblesville II | Fee | |||||
10 | Sixty Soho | Cash | Fee | ||||
11 | Hyatt House Philadelphia/King of Prussia | Fee | |||||
12 | Crate & Barrel | Leasehold | 12/31/2098 | $822,495 | |||
13 | Peachtree Mall | Fee | |||||
14 | Fairmont Parkway | Fee | |||||
15 | Hilton Head Village | Fee | |||||
16 | 24 Hour Fitness - Pleasanton | Fee | |||||
17 | Sterling Jewelers Corporate Headquarters FES | Fee | |||||
18 | Hilton Garden Inn - Memphis Southaven | Fee | |||||
19 | White Marsh Portfolio | Cash | Fee | ||||
19.01 | White Marsh Professional Center | Fee | |||||
19.02 | Ridgely’s Choice | Fee | |||||
20 | At Home Portfolio | Fee | |||||
20.01 | 15065 Creosote Road | Fee | |||||
20.02 | 2650 West Interstate 20 | Fee | |||||
20.03 | 1600 West Kelly Avenue | Fee | |||||
20.04 | 2244 South Reynolds Road | Fee | |||||
20.05 | 642 South Walnut Avenue | Fee | |||||
21 | 53 Mercer Street | Fee | |||||
22 | HI Overland Park | Cash | Fee | ||||
23 | Palm Terrace | Fee | |||||
24 | Wind Gap Plaza | Fee | |||||
25 | Hampton Inn Exton | Cash | Fee | ||||
26 | Plaza On Main | Fee | |||||
27 | Dalton Avenue Plaza | Fee | |||||
28 | Campbell Gardens | Fee | |||||
29 | Bay Pointe | Fee | |||||
30 | The Crest Apartments | Fee | |||||
31 | Fairfield Inn Avon | Cash | Fee | ||||
32 | Foothill Plaza | Fee | |||||
33 | Milford Landing Shopping Center | Fee | |||||
34 | Markets At Mesa Ridge | Fee | |||||
35 | 313-315 W Muhammad Ali Boulevard | Fee | |||||
36 | Holiday Inn Express & Suites Emporia | Fee | |||||
37 | Country Inn and Suites Savannah Airport | Cash | Leasehold | 7/15/2058 | Greater of (i) $18,000 or (ii) 4.9% of Ground Lessee’s Gross Receipts from all business transactions | ||
38 | Maple Wayview Apartments | Fee | |||||
39 | Holiday Inn Express - Yulee | Cash | Fee | ||||
40 | Casa Meadows | Fee | |||||
41 | Park West Office | Fee | |||||
42 | Watkinsville Self Storage | Fee | |||||
42.01 | 67 Greensboro Highway | Fee | |||||
42.02 | 36 Arnoldsville Road | Fee | |||||
43 | Brookhaven Plaza | Fee | |||||
44 | Studio Pointe | Fee | |||||
45 | Rose Pointe | Fee | |||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | Fee | |||||
47 | DuVal Enterprises Building | Fee | |||||
48 | Walgreens - Reedsburg | Fee | |||||
49 | Shops at Walmart | Fee | |||||
50 | Suwanee Point | Fee |
A-1-20
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Annual Ground Rent Increases(19) | Lockbox | Whole Loan Cut-off Date Balance ($) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) | Subordinate Secured Debt Cut-off Date Balance ($) | Whole Loan U/W NOI DSCR (x)(6) |
1 | QLIC | Soft/Springing Cash Management | 165,000,000 | 644,628 | 20,000,000 | 20,000,000 | 1.55 | |
2 | Novo Nordisk | Hard/Upfront Cash Management | ||||||
3 | Rentar Plaza | Hard/Springing Cash Management | ||||||
4 | 909 Poydras | Hard/Upfront Cash Management | ||||||
5 | The Falls | Hard/Springing Cash Management | ||||||
6 | Cassa Times Square Mixed-Use | Hard/Upfront Cash Management | ||||||
7 | Plaza Mexico – Los Angeles | Hard/Upfront Cash Management | ||||||
8 | 333 North Bedford | Hard/Springing Cash Management | ||||||
9 | Yeager Portfolio | Springing | ||||||
9.01 | Frisco | |||||||
9.02 | Carmel | |||||||
9.03 | Fishers II | |||||||
9.04 | Greenwood | |||||||
9.05 | Fishers I | |||||||
9.06 | Plainfield | |||||||
9.07 | Noblesville I | |||||||
9.08 | Noblesville II | |||||||
10 | Sixty Soho | Hard/Springing Cash Management | ||||||
11 | Hyatt House Philadelphia/King of Prussia | Hard/Springing Cash Management | ||||||
12 | Crate & Barrel | See Footnote (19) | Hard/Springing Cash Management | 26,181,527 | 139,036 | 4,853,831 | 4,535,358 | 1.65 |
13 | Peachtree Mall | Hard/Springing Cash Management | ||||||
14 | Fairmont Parkway | Springing | ||||||
15 | Hilton Head Village | Springing | ||||||
16 | 24 Hour Fitness - Pleasanton | Springing | ||||||
17 | Sterling Jewelers Corporate Headquarters FES | Hard/Springing Cash Management | ||||||
18 | Hilton Garden Inn - Memphis Southaven | Springing | ||||||
19 | White Marsh Portfolio | Hard/Upfront Cash Management | ||||||
19.01 | White Marsh Professional Center | |||||||
19.02 | Ridgely’s Choice | |||||||
20 | At Home Portfolio | Hard/Upfront Cash Management | ||||||
20.01 | 15065 Creosote Road | |||||||
20.02 | 2650 West Interstate 20 | |||||||
20.03 | 1600 West Kelly Avenue | |||||||
20.04 | 2244 South Reynolds Road | |||||||
20.05 | 642 South Walnut Avenue | |||||||
21 | 53 Mercer Street | Hard/Springing Cash Management | ||||||
22 | HI Overland Park | Springing | ||||||
23 | Palm Terrace | Soft/Springing Cash Management | ||||||
24 | Wind Gap Plaza | Soft/Springing Cash Management | ||||||
25 | Hampton Inn Exton | Springing | ||||||
26 | Plaza On Main | Springing | ||||||
27 | Dalton Avenue Plaza | Hard/Springing Cash Management | ||||||
28 | Campbell Gardens | Springing | ||||||
29 | Bay Pointe | Soft/Springing Cash Management | ||||||
30 | The Crest Apartments | Soft/Springing Cash Management | ||||||
31 | Fairfield Inn Avon | Hard/Springing Cash Management | ||||||
32 | Foothill Plaza | Springing | ||||||
33 | Milford Landing Shopping Center | Springing | ||||||
34 | Markets At Mesa Ridge | Hard/Springing Cash Management | ||||||
35 | 313-315 W Muhammad Ali Boulevard | Springing | ||||||
36 | Holiday Inn Express & Suites Emporia | Springing | ||||||
37 | Country Inn and Suites Savannah Airport | See Footnote (19) | Hard/Springing Cash Management | |||||
38 | Maple Wayview Apartments | Springing | ||||||
39 | Holiday Inn Express - Yulee | Springing | ||||||
40 | Casa Meadows | Soft/Springing Cash Management | ||||||
41 | Park West Office | Soft/Springing Cash Management | ||||||
42 | Watkinsville Self Storage | Springing | ||||||
42.01 | 67 Greensboro Highway | |||||||
42.02 | 36 Arnoldsville Road | |||||||
43 | Brookhaven Plaza | Hard/Upfront Cash Management | ||||||
44 | Studio Pointe | Soft/Springing Cash Management | ||||||
45 | Rose Pointe | Soft/Springing Cash Management | ||||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | Hard/Upfront Cash Management | ||||||
47 | DuVal Enterprises Building | None | ||||||
48 | Walgreens - Reedsburg | Springing | ||||||
49 | Shops at Walmart | Springing | ||||||
50 | Suwanee Point | None |
A-1-21
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Whole Loan U/W NCF DSCR (x)(6) | 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 | Mezzanine Debt Cut-off Date Balance($) |
1 | QLIC | 1.54 | 64.7% | 7.3% | 7.2% | |
2 | Novo Nordisk | |||||
3 | Rentar Plaza | |||||
4 | 909 Poydras | 4,494,732 | ||||
5 | The Falls | |||||
6 | Cassa Times Square Mixed-Use | 3,430,485 | ||||
7 | Plaza Mexico – Los Angeles | 14,000,000 | ||||
8 | 333 North Bedford | |||||
9 | Yeager Portfolio | |||||
9.01 | Frisco | |||||
9.02 | Carmel | |||||
9.03 | Fishers II | |||||
9.04 | Greenwood | |||||
9.05 | Fishers I | |||||
9.06 | Plainfield | |||||
9.07 | Noblesville I | |||||
9.08 | Noblesville II | |||||
10 | Sixty Soho | |||||
11 | Hyatt House Philadelphia/King of Prussia | |||||
12 | Crate & Barrel | 1.61 | 65.5% | 10.5% | 10.3% | |
13 | Peachtree Mall | |||||
14 | Fairmont Parkway | |||||
15 | Hilton Head Village | |||||
16 | 24 Hour Fitness - Pleasanton | |||||
17 | Sterling Jewelers Corporate Headquarters FES | |||||
18 | Hilton Garden Inn - Memphis Southaven | |||||
19 | White Marsh Portfolio | 2,500,000 | ||||
19.01 | White Marsh Professional Center | 1,533,742 | ||||
19.02 | Ridgely’s Choice | 966,258 | ||||
20 | At Home Portfolio | |||||
20.01 | 15065 Creosote Road | |||||
20.02 | 2650 West Interstate 20 | |||||
20.03 | 1600 West Kelly Avenue | |||||
20.04 | 2244 South Reynolds Road | |||||
20.05 | 642 South Walnut Avenue | |||||
21 | 53 Mercer Street | |||||
22 | HI Overland Park | |||||
23 | Palm Terrace | |||||
24 | Wind Gap Plaza | |||||
25 | Hampton Inn Exton | |||||
26 | Plaza On Main | |||||
27 | Dalton Avenue Plaza | |||||
28 | Campbell Gardens | |||||
29 | Bay Pointe | |||||
30 | The Crest Apartments | |||||
31 | Fairfield Inn Avon | |||||
32 | Foothill Plaza | |||||
33 | Milford Landing Shopping Center | |||||
34 | Markets At Mesa Ridge | |||||
35 | 313-315 W Muhammad Ali Boulevard | |||||
36 | Holiday Inn Express & Suites Emporia | |||||
37 | Country Inn and Suites Savannah Airport | |||||
38 | Maple Wayview Apartments | |||||
39 | Holiday Inn Express - Yulee | |||||
40 | Casa Meadows | |||||
41 | Park West Office | |||||
42 | Watkinsville Self Storage | |||||
42.01 | 67 Greensboro Highway | |||||
42.02 | 36 Arnoldsville Road | |||||
43 | Brookhaven Plaza | |||||
44 | Studio Pointe | |||||
45 | Rose Pointe | |||||
46 | Synchrony Financial Expansion - 975 Keller Rd. | |||||
47 | DuVal Enterprises Building | |||||
48 | Walgreens - Reedsburg | |||||
49 | Shops at Walmart | |||||
50 | Suwanee Point |
A-1-22
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number(1) | Property Name | Sponsor(14) | Affiliated Sponsors | Mortgage Loan Number |
1 | QLIC | Lionshead Member LLC | 1 | |
2 | Novo Nordisk | 2 | ||
3 | Rentar Plaza | Dennis Ratner; Felice Bassin | 3 | |
4 | 909 Poydras | Sarah Rachel Gordon; Isaac Hertz; William Z. Hertz | 4 | |
5 | The Falls | Simon Property Group, L.P. | 5 | |
6 | Cassa Times Square Mixed-Use | Salim Assa; Ezak Assa | 6 | |
7 | Plaza Mexico – Los Angeles | Min Chae; Donald Chae | 7 | |
8 | 333 North Bedford | James A. Diamond; William E. Diamond | 8 | |
9 | Yeager Portfolio | Scott J. Yeager | 9 | |
9.01 | Frisco | 9.01 | ||
9.02 | Carmel | 9.02 | ||
9.03 | Fishers II | 9.03 | ||
9.04 | Greenwood | 9.04 | ||
9.05 | Fishers I | 9.05 | ||
9.06 | Plainfield | 9.06 | ||
9.07 | Noblesville I | 9.07 | ||
9.08 | Noblesville II | 9.08 | ||
10 | Sixty Soho | Michael Pomeranc; Lawrence Pomeranc; Jason Pomeranc | 10 | |
11 | Hyatt House Philadelphia/King of Prussia | Rolf E. Ruhfus | 11 | |
12 | Crate & Barrel | Lloyd Goldman | 12 | |
13 | Peachtree Mall | General Growth Partners | 13 | |
14 | Fairmont Parkway | Damian Nusynkier; Alejandro Hoffman | 14 | |
15 | Hilton Head Village | Alfonso A. Costa | 15 | |
16 | 24 Hour Fitness - Pleasanton | Robert V. Bindi and Maureen M. Bindi, individually and as co-trustees of The Bindi Living Family Trust; Richard L. Martin individually and as trustee of The Richard L. Martin Trust; Manuel M. Del Arroz; Juanita L. Del Arroz | 16 | |
17 | Sterling Jewelers Corporate Headquarters FES | Lenora J. Petrarca | 17 | |
18 | Hilton Garden Inn - Memphis Southaven | Yogesh Irrevocable Trust; Sangeeta Purohit | 18 | |
19 | White Marsh Portfolio | Douglas H. Legum | 19 | |
19.01 | White Marsh Professional Center | 19.01 | ||
19.02 | Ridgely’s Choice | 19.02 | ||
20 | At Home Portfolio | LCN Capital Partners | 20 | |
20.01 | 15065 Creosote Road | 20.01 | ||
20.02 | 2650 West Interstate 20 | 20.02 | ||
20.03 | 1600 West Kelly Avenue | 20.03 | ||
20.04 | 2244 South Reynolds Road | 20.04 | ||
20.05 | 642 South Walnut Avenue | 20.05 | ||
21 | 53 Mercer Street | Oren Evenhar; Marco Di Laurenti | 21 | |
22 | HI Overland Park | Burce Kinseth,Gary Kinseth,Linda Skinner | 22 | |
23 | Palm Terrace | Pinkal Jogani; Hansa Investments, Inc. | Y - Group 1 | 23 |
24 | Wind Gap Plaza | Charles B. Miller | Y - Group 2 | 24 |
25 | Hampton Inn Exton | William B. McNamara; Joseph P. Heenan | 25 | |
26 | Plaza On Main | Michael Rubin; Bruce Lyons | 26 | |
27 | Dalton Avenue Plaza | Edward L. Hoe, Jr. | 27 | |
28 | Campbell Gardens | David Brecher | 28 | |
29 | Bay Pointe | Pinkal Jogani; Hansa Investments, Inc. | Y - Group 1 | 29 |
30 | The Crest Apartments | Pinkal Jogani; Hansa Investments, Inc. | Y - Group 1 | 30 |
31 | Fairfield Inn Avon | Prem Amarnathan; Amit Patel; Rajeev Dubey | 31 | |
32 | Foothill Plaza | B. Scott Satterfield; Greg R. Helm | 32 | |
33 | Milford Landing Shopping Center | Charles B. Miller | Y - Group 2 | 33 |
34 | Markets At Mesa Ridge | William H. Winn | 34 | |
35 | 313-315 W Muhammad Ali Boulevard | Andrew Preston Owen | 35 | |
36 | Holiday Inn Express & Suites Emporia | Jagdish R. Patel | 36 | |
37 | Country Inn and Suites Savannah Airport | Bharat Gandhi; Hemlata Patel | 37 | |
38 | Maple Wayview Apartments | James E. Dixon, Jr.; Elle M. Estephan | 38 | |
39 | Holiday Inn Express - Yulee | Amit R. Patel; Chirayu R. Patel | 39 | |
40 | Casa Meadows | Pinkal Jogani; Hansa Investments, Inc. | Y - Group 1 | 40 |
41 | Park West Office | C.N. David Reischer; C. James Silfee, III; Michael B. Glick | 41 | |
42 | Watkinsville Self Storage | Walter T. Evans, Jr.; The Ted Winona Evans Trust | 42 | |
42.01 | 67 Greensboro Highway | 42.01 | ||
42.02 | 36 Arnoldsville Road | 42.02 | ||
43 | Brookhaven Plaza | Martin Ensbury; Linda Ensbury; Thomas Chang; Darren A. Seliga; Michael D. Ferraro; Dirk Schermer; Ben Leberthon | 43 | |
44 | Studio Pointe | Pinkal Jogani; Hansa Investments, Inc. | Y - Group 1 | 44 |
45 | Rose Pointe | Pinkal Jogani; Hansa Investments, Inc. | Y - Group 1 | 45 |
46 | Synchrony Financial Expansion - 975 Keller Rd. | Cathrine Ireland | 46 | |
47 | DuVal Enterprises Building | Timothy Du Val; Allison Du Val | 47 | |
48 | Walgreens - Reedsburg | Shirley Appelbaum; Amy Appelbaum | 48 | |
49 | Shops at Walmart | Erwin A. Raffle; Erwin A. Raffle Living Trust; Raffle Qtip Trust | 49 | |
50 | Suwanee Point | Gary W. Eplan | 50 |
A-1-23
FOOTNOTES TO ANNEX A-1 | ||||||||||||||
See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans or Groups of Cross-Collateralized Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans. | ||||||||||||||
(1) | “Natixis” denotes Natixis Real Estate Capital LLC, “SPREF” denotes Silverpeak Real Estate Finance LLC, “UBSAG” denotes UBS AG and “WFB” denotes Wells Fargo Bank, National Association. | |||||||||||||
(2) | For mortgage loan #3 (Rentar Plaza), the Number of Units includes 897,265 square feet of industrial space, 631,465 square feet of retail space and 38,478 square feet of office space. | |||||||||||||
For mortgage loan #6 (Cassa Times Square Mixed-Use), the Number of Units includes 86 hotel rooms (38,385 square feet), 11,581 square feet of retail space, and 9,588 square feet of parking garage space. | ||||||||||||||
For mortgage loan #8 (333 North Bedford), the Number of Units includes 251,408 square feet of retail space, 229,181 square feet of industrial space and 131,365 square feet of office space. | ||||||||||||||
For mortgage loan #14 (Fairmont Parkway), the Number of Units includes 8,985 square feet associated with two tenants who lease the collateral pad sites and the improvements built on the pad sites are owned by the tenant. | ||||||||||||||
For mortgage loan #19 (White Marsh Portfolio), the Number of Units includes 36,287 square feet of medical office space. | ||||||||||||||
For mortgage loan #26 (Plaza On Main), the Number of Units includes 76,409 square feet of retail space and 16,989 square feet of medical office space. | ||||||||||||||
(3) | For mortgage loan #1 (QLIC), the mortgage loan is evidenced by Notes A-2 and A-3, two of six senior pari passu notes, which have a combined Cut-Off Date Principal Balance of $145,000,000. Notes A-1, A-4, A-5 and A-6 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Note A-1, Note A-2, Note A-3, Note A-4, Note A-5 and Note A-6 in the aggregate (the “QLIC Whole Loan”). Note A-2 represents the controlling interest in the QLIC Whole Loan. | |||||||||||||
For mortgage loan #2 (Novo Nordisk), the mortgage loan is evidenced by Notes A-3, A-4, A-5, A-11 and A-12, five of thirteen pari passu notes, which have a maximum principal balance of $207,880,000 and have a combined Cut-Off Date Principal Balance of $168,300,000. The Note A-2 is an unfunded note and has a maximum principal balance of $39,580,000. Notes A-1, A-2, A-6, A-7, A-8, A-9, A-10 and A-13 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Notes A-1, A-3, A-4, A-5, A-6, A-7, A-8, A-9, A-10, A-11, A-12 and A-13 in the aggregate (and together with Note A-2, the “Novo Nordisk Whole Loan”). Notes A-3, A-4, A-5, A-11 and A-12 represent a non-controlling interest in the Novo Nordisk Whole Loan. | ||||||||||||||
For mortgage loan #3 (Rentar Plaza), the mortgage loan is evidenced by Notes A-2 and A-3, two of five pari passu notes, which have a combined Cut-Off Date Principal Balance of $132,000,000. Notes A-1, A-4, and A-5 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Note A-1, Note A-2, Note A-3, Note A-4 and Note A-5 in the aggregate (the “Rentar Plaza Whole Loan”). Notes A-2 and A-3 represent a non-controlling interest in the Rentar Plaza Whole Loan. | ||||||||||||||
For mortgage loan #5 (The Falls), the mortgage loan is evidenced by Note A-2 and A-3, two of four pari passu companion loans, which have a combined Cut-off Date principal balance of $150,000,000. Notes A-1 and A-4 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF presented are based on Note A-1, A-2, A-3 and A-4 in the aggregate (“The Falls Whole Loan”). Note A-2 and A-3 represent a non-controlling interest in The Falls Whole Loan. | ||||||||||||||
For mortgage loan #7 (Plaza Mexico – Los Angeles), the mortgage loan is evidenced by Notes A-4 and A-5, two of six pari passu notes, which have a combined Cut-Off Date Principal Balance of $106,000,000. Notes A-1, A-2, A-3, and A-6 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Notes A-1, A-2, A-3, A-4, A-5 and A-6 in the aggregate (the “Plaza Mexico – Los Angeles Whole Loan”). Notes A-4 and A-5 represent a non-controlling interest in the Plaza Mexico – Los Angeles Whole Loan. |
For mortgage loan #8 (333 North Bedford), the mortgage loan is evidenced by Note A-1, one of two pari passu notes, which have a combined Cut-Off Date Principal Balance of $59,327,701. Note A-2 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Note A-1 and A-2 in the aggregate (the “333 North Bedford Whole Loan”). Note A-1 represents the controlling interest in the 333 North Bedford Whole Loan. | ||||||||||||||
For mortgage loan #10 (Sixty Soho), the mortgage loan is evidenced by Note A-1, one of two pari passu notes, which have a combined Cut-Off Date Principal Balance of $38,650,000. Note A-2 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Note A-1 and A-2 in the aggregate (the “Sixty Soho Whole Loan”). Note A-1 represents the controlling interest in the Sixty Soho Whole Loan. | ||||||||||||||
For mortgage loan #13 (Peachtree Mall), the mortgage loan is evidenced by Note A-2, one of four pari passu notes, which have a combined Cut-off Date Balance of $79,690,218. Note A-1, Note A-3 and Note A-4 will not be included in the trust. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Notes A-1, A-2, A-3 and A-4 in the aggregate (the “Peachtree Mall Whole Loan”). Note A-2 represents a non-controlling interest in the Peachtree Mall Whole Loan. | ||||||||||||||
For mortgage loan #20 (At Home Portfolio), the mortgage loan is evidenced by Note A-2, one of two pari passu notes, which have a combined Cut-Off Date Balance of $28,150,000. All LTV, DSCR, Debt Yield and Cut-Off Date Balance per Unit /SF presented are based on Note A-1 and Note A-2 in the aggregate (the “At Home Portfolio Whole Loan”). Note A-2 represents a non-controlling interest in the At Home Portfolio Whole Loan. | ||||||||||||||
(4) | For mortgage loan #2 (Novo Nordisk), the mortgage loan has a maximum principal balance of $207,880,000 and an original principal balance of $168,300,000. Note A-2 is currently unfunded; however, the holder of Note A-2 is required to make advances available for (i) approved tenant improvements and leasing commissions, which are estimated to be $16,580,000, in connection with the exercise of Novo Nordisk Inc.’s right under its lease to take expansion space at the Novo Nordisk Property and (ii) earnout funds which are estimated to be $23,000,000. The obligation to fund any such future advances will be the sole responsibility of the holder of Note A-2 and not the responsibility of the issuing entity. | |||||||||||||
For mortgage loan #10 (Sixty Soho), the Original Principal Balance of the whole loan was $40,000,000 and the allocated original loan amount on the mortgage loan was $27,580,854. The Sixty Soho whole loan amortized down by $1,350,000 prior to securitization. The Sixty Soho whole loan has an outstanding principal balance of $38,650,000 as of August 2, 2016 and the Sixty Soho mortgage loan has an outstanding principal balance of $26,650,000 as August 2, 2016. | ||||||||||||||
(5) | For mortgage loan #10 (Sixty Soho), the mortgage loan has an original loan principal balance of $40,000,000. The Sixty Soho whole loan was paid down by $1,350,000 prior to the securitization and has a Cut-off Date Balance of $38,650,000. The Original Term to Maturity for the Sixty Soho whole loan was 120 months, 84-month amortization period (on a 360-month amortization schedule) following a 36 month interest only period. The Original Term to Maturity of the Sixty Soho whole loan after modification is 132 months, with a 132 month interest only period, and the remaining term for Sixty Soho whole loan is 113 months, with a remaining 113 month interest only period. Unless otherwise indicated, all LTV, DSCR, Debt Yield and Cut-off Date Balance PSF/Unit calculations are based on the Cut-off Date Sixty Soho whole loan balance and the new term of the Sixty Soho whole loan. | |||||||||||||
(6) | For mortgage loan #12 (Crate & Barrel), the Mortgage Rate shown is the interest rate on November 5, 2016. The U/W NOI DSCR, U/W NCF DSCR, Whole Loan U/W NOI DSCR and Whole Loan U/W NCF DSCR are calculated based on the average of the first 12 payments dates starting with November 5, 2016. | |||||||||||||
(7) | For mortgage loan #13 (Peachtree Mall), a one-time grace period default of two business days is permitted during the mortgage loan term. | |||||||||||||
(8) | For mortgage loan #25 (Hampton Inn Exton), the Appraised Value is based on the extraordinary assumption that all necessary PIP funds are entirely and fully escrowed or guaranteed on the origination date of the mortgage loan and available as needed to fund the planned renovations. The Appraised Value is also based on the assumption that the performance improvement plan is completed in a timely manner and in accordance with the brand requirements. A $2,999,790 reserve (100% of the estimated PIP costs less $45,233 in immediate repairs) was taken at closing for the performance improvement plan, and the borrower expects to complete renovations by November 2017. The appraised value assuming the performance improvement plan has not been completed is $11,400,000. The Cut-Off Date LTV Ratio and LTV Ratio at Maturity, assuming the $11,400,000 Appraised Value, are 69.9% and 52.3%, respectively. | |||||||||||||
(9) | For mortgage loan #20 (At Home Portfolio), the mortgage loan was underwritten at the portfolio level, thus property level underwriting is not available. | |||||||||||||
(10) | For loan #38 (Maple Wayview Apartments), the 2015 financial information presented represents annualized operations from March 2015, when the borrower took control of operations at the mortgaged property, to December 2015. Additionally, the 2013 and 2014 operating statements were provided by the seller and were not certified by the borrower. | |||||||||||||
(11) | 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 #4 (909 Poydras), the largest tenant (42,748 square feet), representing 7.8% of the net rentable square feet, has executed a lease but is not in occupancy or paying rent. The largest tenant is anticipated to be in occupancy by August 1, 2017 and paying full, unabated rent by August 2020. A $1,061,761 reserve was established at origination, representing the outstanding rent abatement. | ||||||||||||||
For mortgage loan #6 (Cassa Times Square Mixed-Use), the largest tenant (5,135 square feet), representing 8.6% of net rentable square feet, is expected to take occupancy and begin paying rent by November 2016. The second largest tenant (3,692 square feet), representing 6.2% of the net rentable square feet, has executed a lease but is not in occupancy or paying rent until November, 2016. A $249,000 reserve was established at origination, representing the outstanding rent abatement of both tenants. |
For mortgage loan #21 (53 Mercer Street), the sole tenant (8,785 square feet), representing 100.0% of net rentable square feet, began paying rent on July 25, 2016, but has not yet taken occupancy. | ||||||||||||||
For mortgage loan #24 (Wind Gap Plaza), the fourth largest tenant (5,360 square feet) representing 5.6% of the net rentable area is dark and continues to pay rent through the end of its lease term. This tenant was underwritten as vacant. | ||||||||||||||
For mortgage loan #26 (Plaza On Main), the fifth largest tenant (6,850 square feet), representing 7.3% of the net rentable square feet, has not yet taken occupancy. The tenant is expected to take occupancy of its space in September 2016. The tenant received six months of free rent through March 2016 equal to $43,024. A reserve in the amount of $200,000 was established at origination related to tenant improvement and leasing costs associated with releasing this space. | ||||||||||||||
For mortgage loan #46 (Synchrony Financial Expansion – 975 Keller Rd.), the largest tenant (25,080 square feet), representing 100.0% of net rentable square feet, has signed a lease which commences January 1, 2017. The landlord has satisfied all delivery requirements. A $1,439,039 reserve was taken at closing equal to the underwritten rent for the period running from the closing date through the lease commencement date on January 1, 2017. | ||||||||||||||
(12) | 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 #3 (Rentar Plaza), the fifth largest tenant (120,000 square feet), representing 7.7% of net rentable square feet, may terminate its lease any time upon providing 180 days’ prior written notice to the landlord, and payment of a termination fee as defined in the lease. | ||||||||||||||
For mortgage loan #4 (909 Poydras), the largest tenant (42,748 square feet), representing 7.8% of the net rentable square feet, has a one-time option to terminate up to 20.0% of its space, as of February 28, 2025, upon six months’ written notice and the payment of a termination fee equal to all unamortized tenant improvements and leasing commissions. | ||||||||||||||
For mortgage loan #5 (The Falls), the second largest tenant (225,000 square feet), representing 26.8% of net rentable square feet, has the right to terminate upon 18 months’ written notice; provided, however, if the termination date falls within the period of October 1 of any year through February 1 of the following year, and provided Bloomingdale’s is open and operating on the foregoing October 1, then the termination date will be extended to February 1. | ||||||||||||||
For mortgage loan #8 (333 North Bedford), the third largest tenant (42,881 square feet), representing 7.0% of net rentable square feet, may terminate its lease on October 1, 2017 upon providing 9 months’ prior written notice to the landlord and the tenant paying the landlord an early termination fee equal to all unamortized tenant improvements and leasing commissions. | ||||||||||||||
For mortgage loan #9 (Yeager Portfolio), all of the leases are able to be terminated by the tenants upon 90 days’ notice. | ||||||||||||||
For mortgage loan #13 (Peachtree Mall), the fourth largest tenant (21,210 square feet), representing 4.0% of the net rentable square feet, may terminate its lease if sales for the period beginning January 1, 2019 through December 31, 2019 do not exceed $2,800,000 by providing 365 days’ written notice by June 30, 2020 and paying a termination fee equal to 50% of all unamortized tenant improvements and leasing commissions. The fifth largest tenant (13,159 square feet), representing 2.5% of the net rentable square feet, has the option to terminate its lease if sales for the period beginning July 31, 2019 through June 30, 2020 do not exceed $1,500,000 by providing 90 days’ written notice by August 31, 2020 and paying a termination fee equal to 50% of all unamortized tenant improvements and leasing commissions. | ||||||||||||||
For mortgage loan #19 (White Marsh Portfolio), the third largest tenant at the Ridgely’s Choice mortgaged property (3,648 square feet), representing 3.0% of net rentable square feet of the entire portfolio, has the right to terminate its lease as of the 72nd month following the lease commencement date upon providing written notice by the last day of the 60th month and payment of a termination fee equal to all unamortized tenant improvements and leasing commissions. | ||||||||||||||
For mortgage loan #24 (Wind Gap Plaza), the fifth largest tenant (3,000 square feet), representing 3.1% of the net rentable square feet may terminate its lease by providing two months written notice if the governmental function for which the tenant’s space is being leased is abolished, limited or restricted by an act of the legislature or law of Congress, or any action is taken under authority conferred by such acts or laws. | ||||||||||||||
For mortgage loan #32 (Foothill Plaza), the largest tenant (41,460 square feet), representing 36.3% of net rentable square feet, has a one-time right to terminate its lease on August 31, 2023 with 180 days’ written notice. |
For Mortgage loan #33 (Milford Landing Shopping Center), the third largest tenant (5,000 square feet), representing 11.3% of the net rentable square feet, may terminate its lease by providing 120 days’ written notice if the disparity of taxes on the sale of cigarettes between the Commonwealth of Pennsylvania and the State of New York is extinguished in its entirety and the tenant’s sales for the 12 month period after such event decrease by 25% or more as compared to the 12 month period prior to the event. | ||||||||||||||
For mortgage loan #41 (Park West Office), the second largest tenant (11,661 square feet), representing 17.4% of the net rentable square feet, may terminate its lease at any time from and after February 28, 2017 by providing 60 days’ written notice. As of September 2016, no such notice has been received. Separately, the tenant has announced it is relocating an operations center that is located near the mortgaged property to Norfolk, VA. The appraised value of the mortgaged property based on the assumption that the second largest tenant will vacate its leased premises at the end of the lease term in November 30, 2017 as a result of the tenant consolidating their operations in the market, is $7,950,000. The Cut-Off Date LTV Ratio and LTV Ratio at Maturity, based on the $7,950,000 Appraised Value, are 49.5% and 39.1%, respectively. Additionally, if this tenant is underwritten as vacant, the UW NCF DSCR and UW NOI Debt Yield are 1.53x and 10.9%, respectively. The fifth largest tenant (2,835 square feet), representing 4.2% NRA), may terminate its lease as of April 2017 by providing 120 days’ written notice and paying a termination fee equal to two months of rent and all unamortized leasing commissions. | ||||||||||||||
For mortgage loan #46 (Synchrony Financial Expansion – 975 Keller Rd.), the largest tenant (25,080 square feet), representing 100.0% of net rentable square feet has a one-time right to terminate its lease effective January 31, 2023, with 12 months’ prior written notice and payment of a termination fee equal to $727,928. | ||||||||||||||
For mortgage loan #48 (Walgreens – Reedsburg), the sole tenant (14,820 square feet), representing 100.0% of net rentable square feet of the portfolio, may terminate its lease as of February 28, 2031, and every month thereafter, upon providing at least 12 months’ prior written notice. | ||||||||||||||
(13) | For mortgage loan #3 (Rentar Plaza), the second largest tenant (265,000 square feet), representing 16.9% of the net rentable square feet, subleases its space to 15 tenants for an annual base rent of $4,400,639 ($16.61 per square foot). The terms of the three largest subtenants are as follows: (i) 135,254 square feet space for an annual base rent of $2,583,514 ($19,10 per square foot, expiring on September 30, 2024); (ii) 27,378 square feet space for an annual base rent of $492,000 ($17.97 per square foot, expiring on October 31, 2023); and (iii) 11,700 square feet space for an annual base rent of $269,100 ($23.00 per square foot, expiring on June 30, 2025). | |||||||||||||
For mortgage loan #8 (333 North Bedford), the largest tenant (117,942 square feet), representing 19.3% of the net rentable square feet, subleases 17,200 square feet for an annual base rent of $360,000 ($20.93 per square foot, expiring December 31, 2024). The fourth largest tenant (42,693 square feet), representing 7.0% of the net rentable square feet, subleases 1,300 square feet for an annual base rent of $58,200 ($44.77 per square foot, expiring December 31, 2020). | ||||||||||||||
(14) | For mortgage loan #8 (333 North Bedford), the tenants occupying 207,973 square feet, representing 34.0% of the net rentable square feet, are related to the sponsor. | |||||||||||||
For mortgage loan #47 (DuVal Enterprises Building), the second and fifth largest tenants (10,985 square feet), representing 19.6% of net rentable square feet, are related to the sponsor. | ||||||||||||||
(15) | For mortgage loan #6 (Cassa Times Square Mixed-Use), the Monthly Replacement Reserve will be adjusted based on quarterly operating statements for the mortgaged property and will be greater of: (i) one-twelfth of: (x) 2% for the first 12 Payment Dates; (y) 3% for the 13th through 24th Payments Dates; and (z) 4% thereafter, of the greater of: (A) the rents generated by the hotel condominium unit during the twelve 12 month period ending on the last day of the most recent calendar quarter for which Borrower has furnished financial statements pursuant to loan agreement; and (B) the rents projected for the hotel condominium unit in the then-effective approved annual budget for the 12 month period to which such annual budget relates; and (ii) the amount, if any, required to be reserved under the management agreement for furniture, fixtures and equipment work. | |||||||||||||
For mortgage loan #10 (Sixty Soho), the Monthly Replacement Reserve will be adjusted based on annual operating statements for the mortgaged property commencing on February 5, 2018 through and including the Maturity Date, and will be equal to the product of: (x) 10% for January, 0% for February and March and 10% for April to December; and (y) 4% of the rents generated for the prior calendar year. | ||||||||||||||
For mortgage loan #11 (Hyatt House Philadelphia/King of Prussia), the Monthly Replacement Reserve will be adjusted to an amount equal to the greater of the existing Monthly Replacement Reserve and 1/12th of 4% of the operating income for the prior fiscal year. | ||||||||||||||
For mortgage loan #15 (Hilton Head Village), commencing on January 6, 2023, the Replacement Reserve Cap will be equal to $88,832. |
For mortgage loan #25 (Hampton Inn Exton), the Monthly Replacement Reserve will be adjusted to an amount equal to the greater of: (i) (a) through August 2017, $5,852, (b) commencing on September 2017, 1/12th of 3.0% of annual gross revenue for the prior 12 month period; and (c) commencing on September 2018, 1/12th of 4.0% of annual gross revenue for the prior 12 month period; and (ii) monthly amount required under the franchise agreement. | ||||||||||||||
For mortgage loan #31 (Fairfield Inn Avon), the Monthly Replacement Reserve will be adjusted based on monthly operating statements for the mortgaged property and will be an amount of 4.0% of the prior month’s gross rent. | ||||||||||||||
For mortgage loan #37 (Country Inn and Suites Savannah Airport), the Monthly Replacement Reserve will be adjusted based annual operating statements and will be the greater of: (i) 1/12th of 4.0% of the prior year’s gross revenues; or (ii) the amount required under the franchise agreement. | ||||||||||||||
For loan #38 (Maple Wayview Apartments), the Monthly Replacement Reserve will commence on September 6, 2018. | ||||||||||||||
For mortgage loan #39 (Holiday Inn Express – Yulee), Monthly Replacement Reserve will be adjusted for the period starting on the closing date of the mortgage loan and ending August 5, 2018, to the greater of: (a) 1/12 of: (i) 2% through August 5, 2018; and (ii) 4% thereafter of gross income from operations during the calendar year immediately preceding the calendar year in which such monthly payment date occurs; and (b) the aggregate amount, if any, required to be reserved under the management and franchise agreements. | ||||||||||||||
(16) | For mortgage loan #15 (Hilton Head Village), commencing on November 6, 2022, to the extent there are no outstanding tenant improvements and leasing commissions and no default or event of default is continuing, the TI/LC Reserve Cap will be equal to $277,605. | |||||||||||||
(17) | For mortgage loan #7 (Plaza Mexico – Los Angeles), Other Escrow II (Initial) includes the upfront Planet Fitness TI/LC Reserve of $611,613, upfront Food 4 Less CAM Reserve of $88,068, upfront La Curacao CAM Reserve of $50,000, upfront Litigation Reserve of $56,250, upfront Proposed Construction Reserve of $69,999 and upfront Earthquake Insurance Reserve of $150,000. | |||||||||||||
(18) | For mortgage loan #31 (Fairfield Inn Avon), Other Escrow II (Monthly) is a seasonal reserve account. The borrower will make monthly deposits on each payment date as follows: in May an amount equal to $5,000; in June and July an amount equal to $10,000 each month; in August and September an amount equal to $15,000 each month; in October an amount equal to $10,000; and in November and amount equal to $5,000. | |||||||||||||
(19) | For mortgage loan #12 (Crate & Barrel), with respect to Annual Ground Rent Increases, a ground rent adjustment will occur in the 10th, 15th, 20th, 26th, 51st and 76th lease years, with Annual Ground Rent Increases commencing in the 27th lease year and each subsequent year thereafter, except for the 51st and 76th lease years. The ground rent adjustment occurring in the 10th, 15th and 20th lease years will be an amount equal to the product of (x) the prior base rent multiplied by (y) a fraction, the numerator of which is the current CPI, and the denominator of which is the base CPI. In no event will the base rent escalate more than 10% over the prior base rent or be less than the prior base rent. The ground rent adjustment occurring in the 26th, 51st and 76th lease year will be an amount equal to the product of the fair market value of the land multiplied by the cap rate of 9.50%. The ground rent increase occurring in the 27th lease and each subsequent year thereafter, except for the 51st and 76th lease years, will be an amount equal to the product of (x) the prior base rent multiplied by (y) a fraction, the numerator of which is the current CPI, and the denominator of which is the base CPI. | |||||||||||||
For mortgage loan #37 (Country Inn and Suites Savannah Airport), with respect to Annual Ground Rent Increases, the ground lessor reserves the right to adjust ground rent every five years by an amount equal to the product of the appraised fair market value multiplied by the number of leased acres multiplied by 10% or the then-current multiplier. The right to adjust rent is conditioned upon all parties that have executed an agreement with the ground lessor agreeing to the same thing in writing. | ||||||||||||||