FWP 1 n1441_anxa1-x4.htm FREE WRITING PROSPECTUS

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-226486-02
     

     
 

WFCM 2018-C48 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. 333-226486) 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, Barclays Capital Inc., Academy Securities, Inc., Drexel Hamilton, 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.

 

 
     

 

 

 

 

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

 

Mortgage Loan Number Property Name Mortgage Loan Seller(1) Cross Collateralized and Cross Defaulted Loan Flag Address City State Zip Code General Property Type Specific Property Type Year
Built
1 Miami Industrial Portfolio Barclays   2600-3070 Northwest 72nd Avenue and 4400 Northwest 72nd Avenue Miami FL 33162; 33166 Industrial Warehouse/Showroom 1977
2 Sheraton Grand Nashville Downtown AREF   623 Union Street Nashville TN 37219 Hospitality Full Service 1975
3 Walgreens - Ginsberg Portfolio WFB   Various Various Various Various Retail Single Tenant Various
3.01 Walgreens - Alexandria, VA WFB   6717 Richmond Highway Alexandria VA 22306 Retail Single Tenant 2008
3.02 Walgreens - Atlanta, GA WFB   2320 North Druid Hills Road Atlanta GA 30329 Retail Single Tenant 2010
3.03 Walgreens - Burlington, NC WFB   2585 South Church Street Burlington NC 27215 Retail Single Tenant 2008
3.04 Walgreens - Franklin, MA WFB   160 East Central Street Franklin MA 02038 Retail Single Tenant 2010
3.05 Walgreens - Chester, MD WFB   1802 Main Street Chester MD 21619 Retail Single Tenant 2010
3.06 Walgreens - Laredo, TX WFB   7610 McPherson Road Laredo TX 78041 Retail Single Tenant 2008
4 Riverworks AREF   480 Pleasant Street & 5 Bridge Street Watertown MA 02472 Office Suburban 1907
5 1000 Windward Concourse AREF   1000 Windward Concourse Alpharetta GA 30005 Office Suburban 1997
6 Starwood Hotel Portfolio WFB   Various Various Various Various Hospitality Various Various
6.01 Renaissance St. Louis Airport Hotel WFB   9801 Natural Bridge Road St. Louis MO 63134 Hospitality Full Service 1987
6.02 Renaissance Des Moines Savery Hotel WFB   401 Locust Street Des Moines IA 50309 Hospitality Full Service 1887
6.03 Residence Inn St. Louis Downtown WFB   525 South Jefferson Avenue St. Louis MO 63103 Hospitality Extended Stay 2006
6.04 Doubletree Hotel West Palm Beach Airport WFB   1808 South Australian Avenue West Palm Beach FL 33409 Hospitality Full Service 1987
6.05 Courtyard Gulfport Beachfront WFB   1600 East Beach Boulevard Gulfport MS 39501 Hospitality Select Service 1972
6.06 Fairfield Inn Atlanta Downtown WFB   54 Peachtree Street SW Atlanta GA 30303 Hospitality Limited Service 1915
6.07 Hotel Indigo Chicago Vernon Hills WFB   450 North Milwaukee Avenue Vernon Hills IL 60061 Hospitality Select Service 1997
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale WFB   15W90 North Frontage Road Burr Ridge IL 60527 Hospitality Limited Service 2000
6.09 Holiday Inn & Suites Green Bay Stadium WFB   2785 Ramada Way Green Bay WI 54304 Hospitality Full Service 2007
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area WFB   410 West Lake Street Elmhurst IL 60126 Hospitality Limited Service 2000
6.11 Hilton Garden Inn Wichita WFB   2041 North Bradley Fair Parkway Wichita KS 67206 Hospitality Select Service 2000
6.12 Courtyard Norman WFB   770 Copperfield Drive Norman OK 73072 Hospitality Select Service 2009
6.13 Springhill Suites Scranton Wilkes Barre WFB   19 Radcliffe Drive Moosic PA 18507 Hospitality Limited Service 2012
6.14 Courtyard Salisbury WFB   128 Troopers Way Salisbury  MD 21804 Hospitality Select Service 2006
6.15 Homewood Suites St. Louis Riverport Airport West WFB   13639 Riverport Drive Maryland Heights MO 63043 Hospitality Extended Stay 2007
6.16 Residence Inn Rocky Mount WFB   230 Gateway Boulevard Rocky Mount NC 27804 Hospitality Extended Stay 1999
6.17 Hampton Inn and Suites Wichita Northeast WFB   2433 North Greenwich Road Wichita KS 67226 Hospitality Limited Service 2009
6.18 Residence Inn Salisbury WFB   140 Centre Road Salisbury MD 21801 Hospitality Extended Stay 2007
6.19 Courtyard Rocky Mount WFB   250 Gateway Boulevard Rocky Mount NC 27804 Hospitality Select Service 2000
6.20 Springhill Suites Wichita East at Plazzio WFB   1220 North Greenwich Road Wichita KS 67206 Hospitality Limited Service 2009
6.21 Residence Inn Wichita East at Plazzio WFB   1212 North Greenwich Road Wichita KS 67206 Hospitality Extended Stay 2005
6.22 Hampton Inn Oklahoma City Northwest WFB   3022 Northwest Expressway Oklahoma City OK 73112 Hospitality Limited Service 1997
7 Franklin Towne Center AREF   3391 NJ-27 Franklin Park NJ 08823 Retail Anchored 1993
8 Christiana Mall Barclays   132 Christiana Mall Newark DE 19702 Retail Super Regional Mall 1978
9 Bella at Norcross BSP   2445 Beaver Ruin Road Norcross GA 30071 Multifamily Garden 1972
10 1600 Terrell Mill Road Basis    1600 Terrell Mill Road Southeast Marietta GA 30067 Office Suburban 1980
11 Memphis Industrial Portfolio Basis    Various Memphis TN 38133 Industrial Flex Various
11.01 Wolf Lake Basis    8370, 8380, 8390, 8400, 8410, 8500 Wolf Lake Drive Memphis TN 38133 Industrial Flex 2001
11.02 Stage Hills Basis    3080, 3110, 3111, 3144, 3150 Stage Post Drive & 7850, 7876, 8024 Stage Hills Boulevard Memphis TN 38133 Industrial Flex 1992
12 Prudential - Digital Realty Portfolio BSP   Various Various Various Various Other Data Center Various
12.01 14901 FAA Boulevard BSP   14901 FAA Boulevard Fort Worth TX 76155 Other Data Center 2000
12.02 4650 Old Ironsides Drive BSP   4650 Old Ironsides Drive Santa Clara CA 95054 Other Data Center 1977
12.03 43790 Devin Shafron Drive BSP   43790 Devin Shafron Drive Ashburn VA 20147 Other Data Center 2011
12.04 636 Pierce Street BSP   636 Pierce Street Somerset NJ 08873 Other Data Center 2001
12.05 21551 Beaumeade Circle BSP   21551 Beaumeade Circle Ashburn VA 20147 Other Data Center 2012
12.06 7505 Mason King Court BSP   7505 Mason King Court Manassas VA 20109 Other Data Center 2003
12.07 4700 Old Ironsides Drive BSP   4700 Old Ironsides Drive Santa Clara CA 95054 Other Data Center 1993
12.08 444 Toyama Drive BSP   444 Toyama Drive Sunnyvale CA 94089 Other Data Center 1999
13 California Mixed Use Portfolio BSP   Various Various CA Various Various Various Various
13.01 Daytona RV & Boat Storage BSP   24194 Daytona Cove Perris  CA 92570 Self Storage Self Storage 2005-2009
13.02 Daytona Business Park BSP   24312 Daytona Cove Perris  CA 92570 Industrial Flex 2005-2013
13.03 Absolute Self Storage BSP   72450 Varner Road Thousand Palms CA 92276 Self Storage Self Storage 2007
14 Danbury Commerce Portfolio AREF   Various Danbury CT 06810 Industrial Flex Various
14.01 Delaware Commerce Park AREF   1, 4, 10, 17-19 and 22 Eagle Road; 3, 7, 14-24 and 38 Commerce Drive; 3 and 6-16 Finance Drive; 4 Old Newtown Road; 37 Apple Ridge Road Danbury CT 06810 Industrial Flex 1956
14.02 34 Executive Drive AREF   34 Executive Drive Danbury CT 06810 Industrial Flex 1982
15 35 Claver Place Basis    35 Claver Place Brooklyn NY 11238 Multifamily Low Rise 1930
16 Aventura Mall WFB   19501 Biscayne Boulevard Aventura FL 33180 Retail Super Regional Mall 1983
17 H Inc. Multifamily Portfolio Basis    Various Lansing MI Various Multifamily Garden Various
17.01 Motor Wheel Lofts Basis    707 Prudden Street Lansing MI 48906 Multifamily Garden 1916
17.02 JI Case Lofts Basis    113 Pere Marquette Drive Lansing MI 48912 Multifamily Garden 1904
18 Waterford Tulsa Apartments AREF   5181 S. Harvard Avenue Tulsa OK 74135 Multifamily Garden 1984
19 Lakeside Pointe & Fox Club Apartments AREF   Various Indianapolis IN Various Multifamily Low Rise Various
19.01 Lakeside Pointe at Nora AREF   9000 North College Avenue Indianapolis IN 46240 Multifamily Low Rise 1971
19.02 Fox Club Apartments AREF   4401 South Keystone Avenue Indianapolis IN 46227 Multifamily Low Rise 1972
20 Virginia Beach Hotel Portfolio Barclays   Various Virginia Beach VA 23451 Hospitality Full Service Various
20.01 Hilton Virginia Beach Oceanfront Barclays   3001 Atlantic Avenue Virginia Beach VA 23451 Hospitality Full Service 2005
20.02 Hilton Garden Inn Virginia Beach Oceanfront Barclays   3315 Atlantic Avenue Virginia Beach VA 23451 Hospitality Full Service 2014
21 Home Depot Technology Center Barclays   2161-2250 Newmarket Parkway Southeast Marietta GA 30067 Office Suburban 1984
22 Hampton Inn & Suites - Vineland AREF   2134 West Landis Avenue Vineland NJ 08360 Hospitality Limited Service 2010
23 The Tannery AREF   19 West College Avenue Yardley PA 19067 Office Suburban 1905
24 Vernon Industrial  WFB   4177-4199 Bandini Boulevard Vernon CA 90058 Industrial Warehouse 1972
25 Liberty Portfolio Barclays   Various Various AZ Various Office Suburban Various
25.01 Liberty Center at Rio Salado Barclays   1850, 1870, 1910, 1930 West Rio Salado Parkway Tempe AZ 85281 Office Suburban 2014
25.02 8501 East Raintree Drive Barclays   8501 East Raintree Drive Scottsdale AZ 85260 Office Suburban 2006
26 Argenta Flats BSP   123 West 7th Street North Little Rock AR 72114 Multifamily Garden 2013
27 Century Town Center AREF   5975 20th Street Vero Beach FL 32966 Retail Anchored 2008
28 Home2 Suites - Franklin Cool Springs WFB   107 International Drive Franklin TN 37067 Hospitality Extended Stay 2016
29 Kennedy Road Marketplace AREF   1055-1065 Kennedy Road Windsor CT 06095 Retail Anchored 2007
30 1400 Flat Gap Road Barclays   1400 Flat Gap Road Jefferson City TN 37760 Industrial Warehouse 2002
31 Fair Oaks Mall Barclays   11750 Fair Oaks Mall Fairfax VA 22033 Retail Super Regional Mall 1980
32 Norriton Medical Center AREF   160-190 West Germantown Pike East Norriton Township PA 19428 Office Medical 1995
33 Hampton Inn & Suites McKinney Basis    2008 North Central Expressway McKinney TX 75069 Hospitality Limited Service 2015
34 Kaden Tower AREF   6100 Dutchmans Lane Louisville KY 40205 Office CBD 1964
35 Buellton Self Storage WFB   711 Jonata Park Road Buellton CA 93427 Self Storage Self Storage 2007
36 Hampton Inn & Suites - Sterling Heights Basis    36400 Van Dyke Avenue Sterling Heights MI 48312 Hospitality Limited Service 2002
37 Heartland Village Apartments AREF   1710-1791 Putnam Avenue Normal IL 61761 Multifamily Student Housing 2007
38 CLC Self Storage Portfolio WFB   Various Various Various Various Self Storage Self Storage Various
38.01 Kangaroo II Self-Storage WFB   100 Valency Drive Loveland CO 80537 Self Storage Self Storage 1995
38.02 Apublix Self Storage - Sooner Road WFB   5100 South Sooner Road Oklahoma City OK 73135 Self Storage Self Storage 2003
38.03 Apublix Self Storage - 10th Street WFB   8401 Northwest 10th Street Oklahoma City OK 73127 Self Storage Self Storage 2002
39 33 Dart Road WFB   33 Dart Road Newnan GA 30265 Industrial Cold Storage/Manufacturing 1998
40 Condor Self Storage of Ojai WFB   324 Bryant Street Ojai CA 93023 Self Storage Self Storage 2007
41 225 Carolina  AREF   225 Carolina Avenue Providence RI 02901 Office Suburban 1980
42 Fairmont Crossing Barclays   7215 Fairmont Parkway Pasadena TX 77505 Mixed Use Office/Retail 2008
43 Infinite Self Storage WFB   1397 North Larkin Avenue Joliet IL 60435 Self Storage Self Storage 2009
44 Willow Ridge AREF   854 West Battlement Parkway Parachute CO 81635 Multifamily Garden 1982
45 New London Square WFB   1425, 1427, 1489, 1495 Roswell Road Marietta GA 30062 Retail Anchored 1972
46 Walgreens - Georgetown, TX BSP   5317 Williams Drive Georgetown TX 78633 Retail Single Tenant 2012
47 Paso Robles Self Storage WFB   2941 Union Road Paso Robles CA 93446 Self Storage Self Storage 2005
48 Cartwright Pointe Plaza WFB   5109 West Thomas Road Phoenix AZ 85031 Retail Anchored 1975
49 Safeway - Port Angeles WFB   2709 East Highway 101 Port Angeles WA 98362 Retail Single Tenant 2001
50 2011 & 2015 Abrams Road WFB   2011 and 2015 Abrams Road Dallas TX 75214 Retail Anchored 1935
51 Heron Lakes Apartments Basis    1164 Skywood Drive Mobile AL 36693 Multifamily Garden 1972
52 Rochester Square Shopping Center WFB   3946-3978 Rochester Road Troy MI 48083 Retail Unanchored 1985

 

A-1-1

 

 

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

 

Mortgage Loan Number Property Name Year
Renovated
Number of Units(2) Unit of Measure(2) Cut-off Date Balance Per Unit/SF(7) Original Balance ($) Cut-off Date Balance ($) % of Aggregate
Cut-off Date
Balance
Maturity Date or ARD Balloon Payment ($) ARD Loan Origination Date First Pay Date Last IO Pay Date First P&I Pay Date Maturity Date or Anticipated Repayment Date
1 Miami Industrial Portfolio   745,597 Sq. Ft. 89 66,100,000 66,100,000 7.9% 66,100,000 N 11/16/2018 1/6/2019 12/6/2028   12/6/2028
2 Sheraton Grand Nashville Downtown 2017 482 Rooms 331,950 60,000,000 60,000,000 7.2% 60,000,000 N 10/4/2018 11/6/2018 10/6/2028   10/6/2028
3 Walgreens - Ginsberg Portfolio   87,049 Sq. Ft. 460 40,000,000 40,000,000 4.8% 33,155,098 N 11/16/2018 1/11/2019   1/11/2019 12/11/2028
3.01 Walgreens - Alexandria, VA   14,469 Sq. Ft.   9,311,000 9,311,000 1.1%              
3.02 Walgreens - Atlanta, GA   14,110 Sq. Ft.   6,744,000 6,744,000 0.8%              
3.03 Walgreens - Burlington, NC   14,550 Sq. Ft.   6,506,000 6,506,000 0.8%              
3.04 Walgreens - Franklin, MA   14,550 Sq. Ft.   6,147,000 6,147,000 0.7%              
3.05 Walgreens - Chester, MD   14,550 Sq. Ft.   6,088,000 6,088,000 0.7%              
3.06 Walgreens - Laredo, TX   14,820 Sq. Ft.   5,204,000 5,204,000 0.6%              
4 Riverworks 2013 201,417 Sq. Ft. 192 38,629,000 38,629,000 4.6% 38,629,000 N 10/15/2018 12/6/2018 11/6/2028   11/6/2028
5 1000 Windward Concourse   251,425 Sq. Ft. 121 30,500,000 30,500,000 3.7% 28,649,833 N 10/17/2018 12/6/2018 11/6/2024 12/6/2024 11/6/2028
6 Starwood Hotel Portfolio Various 2,943 Rooms 90,044 30,000,000 30,000,000 3.6% 30,000,000 N 8/16/2018 10/11/2018 9/11/2028   9/11/2028
6.01 Renaissance St. Louis Airport Hotel 2015 393 Rooms   3,958,388 3,958,388 0.5%              
6.02 Renaissance Des Moines Savery Hotel 2018 209 Rooms   2,678,430 2,678,430 0.3%              
6.03 Residence Inn St. Louis Downtown 2017 188 Rooms   2,512,510 2,512,510 0.3%              
6.04 Doubletree Hotel West Palm Beach Airport 2015 175 Rooms   2,480,906 2,480,906 0.3%              
6.05 Courtyard Gulfport Beachfront 2015 149 Rooms   1,785,620 1,785,620 0.2%              
6.06 Fairfield Inn Atlanta Downtown 2012 156 Rooms   1,659,205 1,659,205 0.2%              
6.07 Hotel Indigo Chicago Vernon Hills 2015 127 Rooms   1,524,888 1,524,888 0.2%              
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale 2015 128 Rooms   1,366,869 1,366,869 0.2%              
6.09 Holiday Inn & Suites Green Bay Stadium 2015 118 Rooms   1,335,265 1,335,265 0.2%              
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area 2015 128 Rooms   1,224,651 1,224,651 0.1%              
6.11 Hilton Garden Inn Wichita 2016 103 Rooms   1,066,632 1,066,632 0.1%              
6.12 Courtyard Norman 2016 113 Rooms   916,513 916,513 0.1%              
6.13 Springhill Suites Scranton Wilkes Barre   102 Rooms   877,008 877,008 0.1%              
6.14 Courtyard Salisbury 2015 106 Rooms   845,404 845,404 0.1%              
6.15 Homewood Suites St. Louis Riverport Airport West 2017 104 Rooms   837,503 837,503 0.1%              
6.16 Residence Inn Rocky Mount 2016 77 Rooms   837,503 837,503 0.1%              
6.17 Hampton Inn and Suites Wichita Northeast 2017 102 Rooms   797,998 797,998 0.1%              
6.18 Residence Inn Salisbury 2015 84 Rooms   790,097 790,097 0.1%              
6.19 Courtyard Rocky Mount 2015 90 Rooms   639,979 639,979 0.1%              
6.20 Springhill Suites Wichita East at Plazzio 2016 102 Rooms   632,078 632,078 0.1%              
6.21 Residence Inn Wichita East at Plazzio 2013 93 Rooms   632,078 632,078 0.1%              
6.22 Hampton Inn Oklahoma City Northwest 2016 96 Rooms   600,474 600,474 0.1%              
7 Franklin Towne Center   138,364 Sq. Ft. 210 29,000,000 29,000,000 3.5% 20,350,080 Y 11/20/2018 1/6/2019   1/6/2019 10/6/2028
8 Christiana Mall 2014 779,084 Sq. Ft. 434 28,000,000 28,000,000 3.4% 28,000,000 N 7/12/2018 9/1/2018 8/1/2028   8/1/2028
9 Bella at Norcross 2018 318 Units 84,906 27,000,000 27,000,000 3.2% 25,102,324 N 11/9/2018 1/6/2019 12/6/2023 1/6/2024 12/6/2028
10 1600 Terrell Mill Road 2008 251,710 Sq. Ft. 103 26,000,000 26,000,000 3.1% 22,681,831 N 11/16/2018 01/06/2019 12/6/2020 1/6/2021 12/06/2028
11 Memphis Industrial Portfolio   467,949 Sq. Ft. 55 25,600,000 25,600,000 3.1% 21,353,501 N 11/19/2018 01/01/2019   1/1/2019 12/01/2028
11.01 Wolf Lake   229,674 Sq. Ft.   13,150,000 13,150,000 1.6%              
11.02 Stage Hills   238,275 Sq. Ft.   12,450,000 12,450,000 1.5%              
12 Prudential - Digital Realty Portfolio Various 1,042,933 Sq. Ft. 203 25,000,000 25,000,000 3.0% 25,000,000 N 9/7/2018 11/6/2018 10/6/2023   10/6/2023
12.01 14901 FAA Boulevard   263,700 Sq. Ft.   5,047,170 5,047,170 0.6%              
12.02 4650 Old Ironsides Drive 2012 124,383 Sq. Ft.   4,410,377 4,410,377 0.5%              
12.03 43790 Devin Shafron Drive   152,138 Sq. Ft.   3,561,321 3,561,321 0.4%              
12.04 636 Pierce Street 2003 108,336 Sq. Ft.   2,959,906 2,959,906 0.4%              
12.05 21551 Beaumeade Circle   152,504 Sq. Ft.   2,665,094 2,665,094 0.3%              
12.06 7505 Mason King Court   109,650 Sq. Ft.   2,311,321 2,311,321 0.3%              
12.07 4700 Old Ironsides Drive 1997 90,139 Sq. Ft.   2,252,358 2,252,358 0.3%              
12.08 444 Toyama Drive   42,083 Sq. Ft.   1,792,453 1,792,453 0.2%              
13 California Mixed Use Portfolio   607,004 Sq. Ft. 41 24,800,000 24,800,000 3.0% 20,516,783 N 11/16/2018 1/6/2019   1/6/2019 12/6/2028
13.01 Daytona RV & Boat Storage   322,622 Sq. Ft.   12,270,000 12,270,000 1.5%              
13.02 Daytona Business Park   199,158 Sq. Ft.   7,030,000 7,030,000 0.8%              
13.03 Absolute Self Storage   85,224 Sq. Ft.   5,500,000 5,500,000 0.7%              
14 Danbury Commerce Portfolio   468,711 Sq. Ft. 81 22,800,000 22,800,000 2.7% 22,800,000 N 10/26/2018 12/6/2018 11/6/2028   11/6/2028
14.01 Delaware Commerce Park   379,829 Sq. Ft.   18,120,000 18,120,000 2.2%              
14.02 34 Executive Drive   88,882 Sq. Ft.   4,680,000 4,680,000 0.6%              
15 35 Claver Place 2018 44 Units 484,773 21,330,000 21,330,000 2.6% 21,330,000 N 11/01/2018 12/01/2018 11/1/2028   11/01/2028
16 Aventura Mall 2017 1,217,508 Sq. Ft. 1,155 20,000,000 20,000,000 2.4% 20,000,000 N 6/7/2018 8/1/2018 7/1/2028   7/1/2028
17 H Inc. Multifamily Portfolio Various 140 Units 135,918 19,200,000 19,028,538 2.3% 15,859,552 N 03/23/2018 05/01/2018   5/1/2018 04/01/2028
17.01 Motor Wheel Lofts 2005 119 Units   16,340,000 16,194,079 1.9%              
17.02 JI Case Lofts 2013 21 Units   2,860,000 2,834,459 0.3%              
18 Waterford Tulsa Apartments   344 Units 52,744 18,144,000 18,144,000 2.2% 16,841,829 N 10/16/2018 12/6/2018 11/6/2023 12/6/2023 11/6/2028
19 Lakeside Pointe & Fox Club Apartments   924 Units 34,632 16,000,000 16,000,000 1.9% 14,716,738 N 10/12/2018 12/6/2018 11/6/2022 12/6/2022 11/6/2028
19.01 Lakeside Pointe at Nora   588 Units   10,794,939 10,794,939 1.3%              
19.02 Fox Club Apartments   336 Units   5,205,061 5,205,061 0.6%              
20 Virginia Beach Hotel Portfolio Various 456 Rooms 197,368 15,000,000 15,000,000 1.8% 12,949,131 N 8/31/2018 10/6/2018 9/6/2020 10/6/2020 9/6/2028
20.01 Hilton Virginia Beach Oceanfront 2018 289 Rooms   9,754,601 9,754,601 1.2%              
20.02 Hilton Garden Inn Virginia Beach Oceanfront   167 Rooms   5,245,399 5,245,399 0.6%              
21 Home Depot Technology Center 2015 347,498 Sq. Ft. 127 14,300,000 14,300,000 1.7% 14,300,000 Y 10/11/2018 12/5/2018 11/5/2025   11/5/2025
22 Hampton Inn & Suites - Vineland   130 Rooms 108,262 14,100,000 14,074,103 1.7% 11,952,166 N 9/28/2018 11/6/2018   11/6/2018 10/6/2028
23 The Tannery 2018 65,355 Sq. Ft. 202 13,250,000 13,221,538 1.6% 10,986,327 N 9/14/2018 11/6/2018   11/6/2018 10/6/2028
24 Vernon Industrial  1977 147,300 Sq. Ft. 88 13,000,000 13,000,000 1.6% 13,000,000 N 11/16/2018 1/11/2019 12/11/2028   12/11/2028
25 Liberty Portfolio   805,746 Sq. Ft. 206 12,850,000 12,850,000 1.5% 12,850,000 N 9/26/2018 11/6/2018 10/6/2028   10/6/2028
25.01 Liberty Center at Rio Salado   682,406 Sq. Ft.   10,914,174 10,914,174 1.3%              
25.02 8501 East Raintree Drive   123,340 Sq. Ft.   1,935,826 1,935,826 0.2%              
26 Argenta Flats   160 Units 74,375 11,900,000 11,900,000 1.4% 10,413,718 N 11/16/2018 1/6/2019 12/6/2020 1/6/2021 12/6/2028
27 Century Town Center   99,533 Sq. Ft. 120 11,900,000 11,900,000 1.4% 10,979,104 N 10/18/2018 12/6/2018 11/6/2023 12/6/2023 11/6/2028
28 Home2 Suites - Franklin Cool Springs   105 Rooms 113,333 11,900,000 11,900,000 1.4% 9,819,428 N 11/14/2018 1/11/2019   1/11/2019 12/11/2028
29 Kennedy Road Marketplace 2017 64,707 Sq. Ft. 178 11,500,000 11,500,000 1.4% 10,643,946 N 11/20/2018 1/6/2019 12/6/2023 1/6/2024 12/6/2028
30 1400 Flat Gap Road   485,977 Sq. Ft. 21 10,250,000 10,250,000 1.2% 9,467,422 N 11/2/2018 12/6/2018 11/6/2020 12/6/2020 11/6/2025
31 Fair Oaks Mall 2014 779,949 Sq. Ft. 223 9,625,000 9,553,431 1.1% 8,919,006 N 4/27/2018 6/10/2018   6/10/2018 5/10/2023
32 Norriton Medical Center 2017 74,212 Sq. Ft. 117 8,700,000 8,700,000 1.0% 8,700,000 N 11/8/2018 1/6/2019 12/6/2028   12/6/2028
33 Hampton Inn & Suites McKinney   79 Rooms 99,533 7,875,000 7,863,138 0.9% 6,040,312 N 10/18/2018 12/01/2018   12/1/2018 11/01/2028
34 Kaden Tower   86,834 Sq. Ft. 88 7,650,000 7,650,000 0.9% 6,667,787 N 11/19/2018 1/6/2019 8/6/2020 9/6/2020 12/6/2028
35 Buellton Self Storage   85,468 Sq. Ft. 88 7,500,000 7,500,000 0.9% 7,500,000 N 11/7/2018 12/11/2018 11/11/2028   11/11/2028
36 Hampton Inn & Suites - Sterling Heights   76 Rooms 98,684 7,500,000 7,500,000 0.9% 6,308,103 N 11/19/2018 01/01/2019   1/1/2019 12/01/2028
37 Heartland Village Apartments   288 Beds 24,089 6,937,500 6,937,500 0.8% 6,238,172 N 11/2/2018 12/6/2018 11/6/2021 12/6/2021 11/6/2028
38 CLC Self Storage Portfolio   139,785 Sq. Ft. 48 6,700,000 6,700,000 0.8% 6,008,251 N 11/6/2018 12/11/2018 11/11/2021 12/11/2021 11/11/2028
38.01 Kangaroo II Self-Storage   75,325 Sq. Ft.   3,605,700 3,605,700 0.4%              
38.02 Apublix Self Storage - Sooner Road   49,110 Sq. Ft.   2,309,530 2,309,530 0.3%              
38.03 Apublix Self Storage - 10th Street   15,350 Sq. Ft.   784,770 784,770 0.1%              
39 33 Dart Road 2014 104,880 Sq. Ft. 63 6,600,000 6,600,000 0.8% 6,600,000 N 10/26/2018 12/11/2018 11/11/2028   11/11/2028
40 Condor Self Storage of Ojai   85,595 Sq. Ft. 70 6,000,000 6,000,000 0.7% 6,000,000 N 11/8/2018 12/11/2018 11/11/2028   11/11/2028
41 225 Carolina  2015 40,507 Sq. Ft. 148 6,000,000 6,000,000 0.7% 5,437,485 N 10/30/2018 12/6/2018 11/6/2022 12/6/2022 11/6/2028
42 Fairmont Crossing 2012 29,114 Sq. Ft. 203 5,900,000 5,900,000 0.7% 5,462,013 N 11/16/2018 1/6/2019 12/6/2023 1/6/2024 12/6/2028
43 Infinite Self Storage   94,600 Sq. Ft. 61 5,750,000 5,750,000 0.7% 5,750,000 N 10/18/2018 12/11/2018 11/11/2028   11/11/2028
44 Willow Ridge   211 Units 26,943 5,685,000 5,685,000 0.7% 5,004,948 N 10/4/2018 11/6/2018 4/6/2021 5/6/2021 10/6/2028
45 New London Square   89,053 Sq. Ft. 57 5,075,000 5,075,000 0.6% 4,325,411 N 11/7/2018 12/11/2018 11/11/2019 12/11/2019 11/11/2028
46 Walgreens - Georgetown, TX   14,820 Sq. Ft. 294 4,350,000 4,350,000 0.5% 4,350,000 N 10/23/2018 12/6/2018 11/6/2028   11/6/2028
47 Paso Robles Self Storage   96,098 Sq. Ft. 42 4,000,000 4,000,000 0.5% 4,000,000 N 11/14/2018 1/11/2019 12/11/2028   12/11/2028
48 Cartwright Pointe Plaza 2014 73,725 Sq. Ft. 54 3,960,000 3,960,000 0.5% 3,236,160 N 11/13/2018 1/11/2019   1/11/2019 12/11/2028
49 Safeway - Port Angeles 2007 43,228 Sq. Ft. 81 3,500,000 3,500,000 0.4% 3,500,000 N 11/1/2018 12/11/2018 11/11/2028   11/11/2028
50 2011 & 2015 Abrams Road 2017 8,362 Sq. Ft. 371 3,100,000 3,100,000 0.4% 3,100,000 N 11/14/2018 1/11/2019 12/11/2028   12/11/2028
51 Heron Lakes Apartments   52 Units 43,898 2,300,000 2,282,696 0.3% 1,744,971 N 06/27/2018 08/01/2018   8/1/2018 07/01/2028
52 Rochester Square Shopping Center   19,036 Sq. Ft. 79 1,500,000 1,500,000 0.2% 1,343,350 N 11/9/2018 12/11/2018 11/11/2021 12/11/2021 11/11/2028

 

A-1-2

 

 

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

 

Mortgage Loan Number Property Name ARD Loan Maturity Date Gross Mortgage Rate Trust Advisor Fee Certificate Administrator Fee Rate Servicing Fee CREFC® IP Royalty License Fee Rate Asset Representations Reviewer Fee Rate Net Mortgage Rate Interest Accrual Method Monthly P&I Payment ($) Amortization Type Interest Accrual Method During IO
1 Miami Industrial Portfolio   4.98100% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.96470% Actual/360 278,180.78 Interest-only, Balloon Actual/360
2 Sheraton Grand Nashville Downtown   5.03500% 0.00000% 0.00840% 0.00500% 0.00050% 0.00035% 5.02075% Actual/360 255,246.53 Interest-only, Balloon Actual/360
3 Walgreens - Ginsberg Portfolio   5.25000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.23370% Actual/360 220,881.48 Amortizing Balloon  
3.01 Walgreens - Alexandria, VA                        
3.02 Walgreens - Atlanta, GA                        
3.03 Walgreens - Burlington, NC                        
3.04 Walgreens - Franklin, MA                        
3.05 Walgreens - Chester, MD                        
3.06 Walgreens - Laredo, TX                        
4 Riverworks   4.85700% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.84070% Actual/360 158,522.42 Interest-only, Balloon Actual/360
5 1000 Windward Concourse   4.99500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.97870% Actual/360 163,637.41 Interest-only, Amortizing Balloon Actual/360
6 Starwood Hotel Portfolio   5.15000% 0.00000% 0.00840% 0.00500% 0.00050% 0.00035% 5.13575% Actual/360 130,538.19 Interest-only, Balloon Actual/360
6.01 Renaissance St. Louis Airport Hotel                        
6.02 Renaissance Des Moines Savery Hotel                        
6.03 Residence Inn St. Louis Downtown                        
6.04 Doubletree Hotel West Palm Beach Airport                        
6.05 Courtyard Gulfport Beachfront                        
6.06 Fairfield Inn Atlanta Downtown                        
6.07 Hotel Indigo Chicago Vernon Hills                        
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale                        
6.09 Holiday Inn & Suites Green Bay Stadium                        
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area                        
6.11 Hilton Garden Inn Wichita                        
6.12 Courtyard Norman                        
6.13 Springhill Suites Scranton Wilkes Barre                        
6.14 Courtyard Salisbury                        
6.15 Homewood Suites St. Louis Riverport Airport West                        
6.16 Residence Inn Rocky Mount                        
6.17 Hampton Inn and Suites Wichita Northeast                        
6.18 Residence Inn Salisbury                        
6.19 Courtyard Rocky Mount                        
6.20 Springhill Suites Wichita East at Plazzio                        
6.21 Residence Inn Wichita East at Plazzio                        
6.22 Hampton Inn Oklahoma City Northwest                        
7 Franklin Towne Center 12/6/2030 5.41000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.39370% Actual/360 188,110.77 Amortizing ARD  
8 Christiana Mall   4.27750% 0.00000% 0.00840% 0.00375% 0.00050% 0.00035% 4.26450% Actual/360 101,194.56 Interest-only, Balloon Actual/360
9 Bella at Norcross   5.54000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.52370% Actual/360 153,981.32 Interest-only, Amortizing Balloon Actual/360
10 1600 Terrell Mill Road   5.33000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.31370% Actual/360 144,863.97 Interest-only, Amortizing Balloon Actual/360
11 Memphis Industrial Portfolio   5.45000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.43370% Actual/360 144,551.91 Amortizing Balloon  
11.01 Wolf Lake                        
11.02 Stage Hills                        
12 Prudential - Digital Realty Portfolio   4.55750% 0.00000% 0.00840% 0.00500% 0.00050% 0.00035% 4.54325% Actual/360 96,266.64 Interest-only, Balloon Actual/360
12.01 14901 FAA Boulevard                        
12.02 4650 Old Ironsides Drive                        
12.03 43790 Devin Shafron Drive                        
12.04 636 Pierce Street                        
12.05 21551 Beaumeade Circle                        
12.06 7505 Mason King Court                        
12.07 4700 Old Ironsides Drive                        
12.08 444 Toyama Drive                        
13 California Mixed Use Portfolio   5.19000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.17370% Actual/360 136,026.34 Amortizing Balloon Actual/360
13.01 Daytona RV & Boat Storage                        
13.02 Daytona Business Park                        
13.03 Absolute Self Storage                        
14 Danbury Commerce Portfolio   5.72500% 0.00205% 0.00840% 0.03250% 0.00050% 0.00035% 5.68120% Actual/360 110,285.76 Interest-only, Balloon Actual/360
14.01 Delaware Commerce Park                        
14.02 34 Executive Drive                        
15 35 Claver Place   5.31500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.29870% Actual/360 95,786.27 Interest-only, Balloon Actual/360
16 Aventura Mall   4.12125% 0.00000% 0.00840% 0.00375% 0.00050% 0.00035% 4.10825% Actual/360 69,641.49 Interest-only, Balloon Actual/360
17 H Inc. Multifamily Portfolio   5.14000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.12370% Actual/360 104,718.77 Amortizing Balloon  
17.01 Motor Wheel Lofts                        
17.02 JI Case Lofts                        
18 Waterford Tulsa Apartments   5.43000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.41370% Actual/360 102,224.19 Interest-only, Amortizing Balloon Actual/360
19 Lakeside Pointe & Fox Club Apartments   5.98000% 0.00000% 0.00840% 0.00500% 0.00050% 0.00035% 5.96575% Actual/360 95,722.45 Interest-only, Amortizing Balloon Actual/360
19.01 Lakeside Pointe at Nora                        
19.02 Fox Club Apartments                        
20 Virginia Beach Hotel Portfolio   4.91250% 0.00000% 0.00840% 0.00500% 0.00050% 0.00035% 4.89825% Actual/360 79,723.01 Interest-only, Amortizing Balloon Actual/360
20.01 Hilton Virginia Beach Oceanfront                        
20.02 Hilton Garden Inn Virginia Beach Oceanfront                        
21 Home Depot Technology Center 11/5/2028 5.00100% 0.00000% 0.00840% 0.00375% 0.00050% 0.00035% 4.98800% Actual/360 60,422.96 Interest-only, ARD Actual/360
22 Hampton Inn & Suites - Vineland   5.98000% 0.00205% 0.00840% 0.04250% 0.00050% 0.00035% 5.92620% Actual/360 84,355.41 Amortizing Balloon  
23 The Tannery   5.26000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.24370% Actual/360 73,249.08 Amortizing Balloon  
24 Vernon Industrial    5.00000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.98370% Actual/360 54,918.98 Interest-only, Balloon Actual/360
25 Liberty Portfolio   4.75500% 0.00000% 0.00840% 0.00500% 0.00050% 0.00035% 4.74075% Actual/360 51,625.32 Interest-only, Balloon Actual/360
25.01 Liberty Center at Rio Salado                        
25.02 8501 East Raintree Drive                        
26 Argenta Flats   5.46000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.44370% Actual/360 67,268.54 Interest-only, Amortizing Balloon Actual/360
27 Century Town Center   5.01800% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.00170% Actual/360 64,012.75 Interest-only, Amortizing Balloon Actual/360
28 Home2 Suites - Franklin Cool Springs   5.11000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.09370% Actual/360 64,684.16 Amortizing Balloon  
29 Kennedy Road Marketplace   5.23000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.21370% Actual/360 63,361.04 Interest-only, Amortizing Balloon Actual/360
30 1400 Flat Gap Road   5.10500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.08870% Actual/360 55,683.85 Interest-only, Amortizing Balloon Actual/360
31 Fair Oaks Mall   4.25800% 0.00000% 0.00840% 0.00500% 0.00050% 0.00035% 4.24375% Actual/360 45,053.38 Amortizing Balloon  
32 Norriton Medical Center   5.14500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.12870% Actual/360 37,819.32 Interest-only, Balloon Actual/360
33 Hampton Inn & Suites McKinney   5.72000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.70370% Actual/360 49,399.46 Amortizing Balloon  
34 Kaden Tower   5.59500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.57870% Actual/360 43,892.93 Interest-only, Amortizing Balloon Actual/360
35 Buellton Self Storage   4.99500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.97870% Actual/360 31,652.34 Interest-only, Balloon Actual/360
36 Hampton Inn & Suites - Sterling Heights   5.72000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.70370% Actual/360 43,625.13 Amortizing Balloon  
37 Heartland Village Apartments   5.75000% 0.00205% 0.00840% 0.07500% 0.00050% 0.00035% 5.66370% Actual/360 40,485.37 Interest-only, Amortizing Balloon Actual/360
38 CLC Self Storage Portfolio   5.61500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.59870% Actual/360 38,526.69 Interest-only, Amortizing Balloon Actual/360
38.01 Kangaroo II Self-Storage                        
38.02 Apublix Self Storage - Sooner Road                        
38.03 Apublix Self Storage - 10th Street                        
39 33 Dart Road   4.90000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.88370% Actual/360 27,324.31 Interest-only, Balloon Actual/360
40 Condor Self Storage of Ojai   5.04000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.02370% Actual/360 25,550.00 Interest-only, Balloon Actual/360
41 225 Carolina    5.12000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.10370% Actual/360 32,650.76 Interest-only, Amortizing Balloon Actual/360
42 Fairmont Crossing   5.24500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.22870% Actual/360 32,561.75 Interest-only, Amortizing Balloon Actual/360
43 Infinite Self Storage   5.53000% 0.00205% 0.00840% 0.06250% 0.00050% 0.00035% 5.45620% Actual/360 26,865.94 Interest-only, Balloon Actual/360
44 Willow Ridge   5.24000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.22370% Actual/360 31,357.58 Interest-only, Amortizing Balloon Actual/360
45 New London Square   5.33000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.31370% Actual/360 28,276.33 Interest-only, Amortizing Balloon Actual/360
46 Walgreens - Georgetown, TX   5.33000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.31370% Actual/360 19,589.60 Interest-only, Balloon Actual/360
47 Paso Robles Self Storage   4.87000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.85370% Actual/360 16,458.80 Interest-only, Balloon Actual/360
48 Cartwright Pointe Plaza   4.81500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 4.79870% Actual/360 20,812.67 Amortizing Balloon  
49 Safeway - Port Angeles   5.26000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.24370% Actual/360 15,554.75 Interest-only, Balloon Actual/360
50 2011 & 2015 Abrams Road   5.50500% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.48870% Actual/360 14,418.77 Interest-only, Balloon Actual/360
51 Heron Lakes Apartments   5.40000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.38370% Actual/360 13,986.99 Amortizing Balloon  
52 Rochester Square Shopping Center   5.55000% 0.00205% 0.00840% 0.00500% 0.00050% 0.00035% 5.53370% Actual/360 8,563.95 Interest-only, Amortizing Balloon Actual/360

 

A-1-3

 

 

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

 

Mortgage Loan Number Property Name Original Term to Maturity or ARD (Mos.) Remaining Term to Maturity or ARD (Mos.) Original IO
Period (Mos.)(3)
Remaining IO
Period (Mos.)
Original Amort Term (Mos.) Remaining Amort Term (Mos.) Seasoning Prepayment Provisions Grace Period Default (Days) Grace Period Late (Days)(4)
1 Miami Industrial Portfolio 120 120 120 120 0 0 0 L(24),D(92),O(4) 0 0
2 Sheraton Grand Nashville Downtown 120 118 120 118 0 0 2 L(26),D(88),O(6) 0 0
3 Walgreens - Ginsberg Portfolio 120 120 0 0 360 360 0 L(24),GRTR 1% or YM(92),O(4) 0 0
3.01 Walgreens - Alexandria, VA                    
3.02 Walgreens - Atlanta, GA                    
3.03 Walgreens - Burlington, NC                    
3.04 Walgreens - Franklin, MA                    
3.05 Walgreens - Chester, MD                    
3.06 Walgreens - Laredo, TX                    
4 Riverworks 120 119 120 119 0 0 1 L(25),D(90),O(5) 0 0
5 1000 Windward Concourse 120 119 72 71 360 360 1 L(25),D(92),O(3) 0 0
6 Starwood Hotel Portfolio 120 117 120 117 0 0 3 L(11),GRTR 1% or YM(16),GRTR 1% or YM or D(86),O(7) 0 0
6.01 Renaissance St. Louis Airport Hotel                    
6.02 Renaissance Des Moines Savery Hotel                    
6.03 Residence Inn St. Louis Downtown                    
6.04 Doubletree Hotel West Palm Beach Airport                    
6.05 Courtyard Gulfport Beachfront                    
6.06 Fairfield Inn Atlanta Downtown                    
6.07 Hotel Indigo Chicago Vernon Hills                    
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale                    
6.09 Holiday Inn & Suites Green Bay Stadium                    
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area                    
6.11 Hilton Garden Inn Wichita                    
6.12 Courtyard Norman                    
6.13 Springhill Suites Scranton Wilkes Barre                    
6.14 Courtyard Salisbury                    
6.15 Homewood Suites St. Louis Riverport Airport West                    
6.16 Residence Inn Rocky Mount                    
6.17 Hampton Inn and Suites Wichita Northeast                    
6.18 Residence Inn Salisbury                    
6.19 Courtyard Rocky Mount                    
6.20 Springhill Suites Wichita East at Plazzio                    
6.21 Residence Inn Wichita East at Plazzio                    
6.22 Hampton Inn Oklahoma City Northwest                    
7 Franklin Towne Center 118 118 0 0 264 264 0 L(24),D(90),O(4) 0 0
8 Christiana Mall 120 116 120 116 0 0 4 L(28),D(85),O(7) 0, 1 grace period of 1 day once every 12 month period 0
9 Bella at Norcross 120 120 60 60 360 360 0 L(24),D(89),O(7) 0 - Two time grace period of 5 days; no more than 1 grace period every 12 months.  0
10 1600 Terrell Mill Road 120 120 24 24 360 360 0 L(24),D(93),O(3) 0 0
11 Memphis Industrial Portfolio 120 120 0 0 360 360 0 L(24),D(93),O(3) 5 5
11.01 Wolf Lake                    
11.02 Stage Hills                    
12 Prudential - Digital Realty Portfolio 60 58 60 58 0 0 2 L(26),GRTR 1% or YM or D(27),O(7) 0 0
12.01 14901 FAA Boulevard                    
12.02 4650 Old Ironsides Drive                    
12.03 43790 Devin Shafron Drive                    
12.04 636 Pierce Street                    
12.05 21551 Beaumeade Circle                    
12.06 7505 Mason King Court                    
12.07 4700 Old Ironsides Drive                    
12.08 444 Toyama Drive                    
13 California Mixed Use Portfolio 120 120 0 0 360 360 0 L(24),D(92),O(4) 0 0
13.01 Daytona RV & Boat Storage                    
13.02 Daytona Business Park                    
13.03 Absolute Self Storage                    
14 Danbury Commerce Portfolio 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0
14.01 Delaware Commerce Park                    
14.02 34 Executive Drive                    
15 35 Claver Place 120 119 120 119 0 0 1 L(25),D(92),O(3) 5 5
16 Aventura Mall 120 115 120 115 0 0 5 L(29),D(84),O(7) 0 0
17 H Inc. Multifamily Portfolio 120 112 0 0 360 352 8 L(32),D(85),O(3) 5 5
17.01 Motor Wheel Lofts                    
17.02 JI Case Lofts                    
18 Waterford Tulsa Apartments 120 119 60 59 360 360 1 L(25),D(91),O(4) 0 0
19 Lakeside Pointe & Fox Club Apartments 120 119 48 47 360 360 1 L(25),D(91),O(4) 0 0
19.01 Lakeside Pointe at Nora                    
19.02 Fox Club Apartments                    
20 Virginia Beach Hotel Portfolio 120 117 24 21 360 360 3 L(27),D(89),O(4) 0 0
20.01 Hilton Virginia Beach Oceanfront                    
20.02 Hilton Garden Inn Virginia Beach Oceanfront                    
21 Home Depot Technology Center 84 83 84 83 0 0 1 L(25),D(52),O(7) 0 0
22 Hampton Inn & Suites - Vineland 120 118 0 0 360 358 2 L(26),D(90),O(4) 0 0
23 The Tannery 120 118 0 0 360 358 2 L(26),D(90),O(4) 0 0
24 Vernon Industrial  120 120 120 120 0 0 0 L(24),D(92),O(4) 0 0
25 Liberty Portfolio 120 118 120 118 0 0 2 L(26),D(91),O(3) 0 5
25.01 Liberty Center at Rio Salado                    
25.02 8501 East Raintree Drive                    
26 Argenta Flats 120 120 24 24 360 360 0 L(24),D(92),O(4) 0 0
27 Century Town Center 120 119 60 59 360 360 1 L(25),D(91),O(4) 0 0
28 Home2 Suites - Franklin Cool Springs 120 120 0 0 360 360 0 L(24),D(92),O(4) 0 0
29 Kennedy Road Marketplace 120 120 60 60 360 360 0 L(24),D(93),O(3) 0 0
30 1400 Flat Gap Road 84 83 24 23 360 360 1 L(25),D(55),O(4) 0 0
31 Fair Oaks Mall 60 53 0 0 360 353 7 L(31),D(25),O(4) 0 0
32 Norriton Medical Center 120 120 120 120 0 0 0 L(24),D(92),O(4) 0 0
33 Hampton Inn & Suites McKinney 120 119 0 0 300 299 1 L(25),D(91),O(4) 5 5
34 Kaden Tower 120 120 20 20 360 360 0 L(24),D(92),O(4) 0 0
35 Buellton Self Storage 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0
36 Hampton Inn & Suites - Sterling Heights 120 120 0 0 360 360 0 L(24),D(92),O(4) 5 5
37 Heartland Village Apartments 120 119 36 35 360 360 1 L(25),D(91),O(4) 0 0
38 CLC Self Storage Portfolio 120 119 36 35 360 360 1 L(25),D(91),O(4) 0 0
38.01 Kangaroo II Self-Storage                    
38.02 Apublix Self Storage - Sooner Road                    
38.03 Apublix Self Storage - 10th Street                    
39 33 Dart Road 120 119 120 119 0 0 1 L(25),D(88),O(7) 0 0
40 Condor Self Storage of Ojai 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0
41 225 Carolina  120 119 48 47 360 360 1 L(25),D(91),O(4) 0 0
42 Fairmont Crossing 120 120 60 60 360 360 0 L(24),GRTR 1% or YM(92),O(4) 0 0
43 Infinite Self Storage 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0
44 Willow Ridge 120 118 30 28 360 360 2 L(26),D(90),O(4) 0 0
45 New London Square 120 119 12 11 360 360 1 L(25),D(91),O(4) 0 0
46 Walgreens - Georgetown, TX 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0
47 Paso Robles Self Storage 120 120 120 120 0 0 0 L(24),D(92),O(4) 0 0
48 Cartwright Pointe Plaza 120 120 0 0 360 360 0 L(24),D(92),O(4) 0 0
49 Safeway - Port Angeles 120 119 120 119 0 0 1 L(25),D(91),O(4) 0 0
50 2011 & 2015 Abrams Road 120 120 120 120 0 0 0 L(24),D(92),O(4) 0 0
51 Heron Lakes Apartments 120 115 0 0 300 295 5 L(29),D(89),O(2) 5 5
52 Rochester Square Shopping Center 120 119 36 35 360 360 1 L(25),D(91),O(4) 0 0

 

A-1-4

 

 

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

 

Mortgage Loan Number Property Name Appraised Value ($)(5) Appraisal Date Coop -Rental Value  Coop - LTV as Rental  Coop - Unsold Percent  Coop - Sponsor Units  Coop - Investor Units  Coop - Units Coop - Sponsor Carry Coop - Committed Secondary Debt U/W NOI
DSCR (x)(7)(13)
U/W NCF
DSCR (x)(7)(13)
Cut-off Date LTV Ratio(5)(7)(13) LTV Ratio at Maturity or ARD(5)(7)(13) Cut-off Date U/W NOI Debt Yield(7)(13)
1 Miami Industrial Portfolio 104,400,000 10/15/2018                 1.95 1.77 63.3% 63.3% 9.9%
2 Sheraton Grand Nashville Downtown 276,500,000 9/13/2018                 2.72 2.48 57.9% 57.9% 13.9%
3 Walgreens - Ginsberg Portfolio 56,905,000 Various                 1.26 1.26 70.3% 58.3% 8.4%
3.01 Walgreens - Alexandria, VA 13,000,000 10/18/2018                          
3.02 Walgreens - Atlanta, GA 9,825,000 10/21/2018                          
3.03 Walgreens - Burlington, NC 9,080,000 10/11/2018                          
3.04 Walgreens - Franklin, MA 8,200,000 10/11/2018                          
3.05 Walgreens - Chester, MD 8,900,000 10/18/2018                          
3.06 Walgreens - Laredo, TX 7,900,000 10/15/2018                          
4 Riverworks 64,400,000 9/19/2018                 2.16 2.02 51.2% 51.2% 10.6%
5 1000 Windward Concourse 48,000,000 9/11/2018                 1.82 1.66 63.5% 59.7% 11.7%
6 Starwood Hotel Portfolio 401,000,000 Various                 2.40 2.07 66.1% 66.1% 12.5%
6.01 Renaissance St. Louis Airport Hotel 50,100,000 7/2/2018                          
6.02 Renaissance Des Moines Savery Hotel 33,600,000 7/6/2018                          
6.03 Residence Inn St. Louis Downtown 31,800,000 7/12/2018                          
6.04 Doubletree Hotel West Palm Beach Airport 29,700,000 7/9/2018                          
6.05 Courtyard Gulfport Beachfront 22,600,000 7/10/2018                          
6.06 Fairfield Inn Atlanta Downtown 21,000,000 7/2/2018                          
6.07 Hotel Indigo Chicago Vernon Hills 19,300,000 7/9/2018                          
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale 17,300,000 7/9/2018                          
6.09 Holiday Inn & Suites Green Bay Stadium 16,900,000 7/8/2018                          
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area 15,500,000 7/9/2018                          
6.11 Hilton Garden Inn Wichita 13,500,000 7/3/2018                          
6.12 Courtyard Norman 11,600,000 7/2/2018                          
6.13 Springhill Suites Scranton Wilkes Barre 11,100,000 7/3/2018                          
6.14 Courtyard Salisbury 10,700,000 7/6/2018                          
6.15 Homewood Suites St. Louis Riverport Airport West 10,600,000 7/12/2018                          
6.16 Residence Inn Rocky Mount 10,600,000 7/11/2018                          
6.17 Hampton Inn and Suites Wichita Northeast 10,100,000 7/3/2018                          
6.18 Residence Inn Salisbury 10,000,000 7/11/2018                          
6.19 Courtyard Rocky Mount 8,100,000 7/11/2018                          
6.20 Springhill Suites Wichita East at Plazzio 8,000,000 7/3/2018                          
6.21 Residence Inn Wichita East at Plazzio 8,000,000 7/3/2018                          
6.22 Hampton Inn Oklahoma City Northwest 7,600,000 7/2/2018                          
7 Franklin Towne Center 47,800,000 9/18/2018                 1.61 1.57 60.7% 42.6% 12.5%
8 Christiana Mall 1,040,000,000 6/5/2018                 3.19 3.15 32.5% 32.5% 13.8%
9 Bella at Norcross 42,000,000 10/18/2018                 1.35 1.30 64.3% 59.8% 9.2%
10 1600 Terrell Mill Road 40,000,000 10/23/2018                 1.49 1.30 65.0% 56.7% 10.0%
11 Memphis Industrial Portfolio 43,000,000 10/15/2018                 1.68 1.40 59.5% 49.7% 11.4%
11.01 Wolf Lake 21,800,000 10/15/2018                          
11.02 Stage Hills 21,200,000 10/15/2018                          
12 Prudential - Digital Realty Portfolio 387,600,000 Various                 2.57 2.50 54.7% 54.7% 11.9%
12.01 14901 FAA Boulevard 78,300,000 7/13/2018                          
12.02 4650 Old Ironsides Drive 68,400,000 7/6/2018                          
12.03 43790 Devin Shafron Drive 55,300,000 7/16/2018                          
12.04 636 Pierce Street 45,800,000 7/12/2018                          
12.05 21551 Beaumeade Circle 41,300,000 7/6/2018                          
12.06 7505 Mason King Court 35,900,000 7/10/2018                          
12.07 4700 Old Ironsides Drive 34,900,000 7/6/2018                          
12.08 444 Toyama Drive 27,700,000 7/6/2018                          
13 California Mixed Use Portfolio 39,700,000 10/10/2018                 1.49 1.39 62.5% 51.7% 9.8%
13.01 Daytona RV & Boat Storage 20,400,000 10/10/2018                          
13.02 Daytona Business Park 11,500,000 10/10/2018                          
13.03 Absolute Self Storage 7,800,000 10/10/2018                          
14 Danbury Commerce Portfolio 61,100,000 8/1/2018                 1.55 1.48 62.2% 62.2% 9.0%
14.01 Delaware Commerce Park 50,500,000 8/1/2018                          
14.02 34 Executive Drive 10,600,000 8/1/2018                          
15 35 Claver Place 32,000,000 10/14/2018                 1.36 1.35 66.7% 66.7% 7.3%
16 Aventura Mall 3,450,000,000 4/16/2018                 2.63 2.58 40.8% 40.8% 11.0%
17 H Inc. Multifamily Portfolio 27,860,000 10/29/2018                 1.28 1.25 68.3% 56.9% 8.4%
17.01 Motor Wheel Lofts 23,400,000 10/29/2018                          
17.02 JI Case Lofts 4,460,000 10/29/2018                          
18 Waterford Tulsa Apartments 24,300,000 8/30/2018                 1.42 1.34 72.6% 67.3% 9.6%
19 Lakeside Pointe & Fox Club Apartments 48,700,000 5/18/2018                 1.42 1.30 65.7% 60.4% 10.2%
19.01 Lakeside Pointe at Nora 32,900,000 5/18/2018                          
19.02 Fox Club Apartments 15,800,000 5/18/2018                          
20 Virginia Beach Hotel Portfolio 130,400,000 Various                 2.05 1.84 69.0% 59.6% 13.1%
20.01 Hilton Virginia Beach Oceanfront 84,800,000 7/23/2018                          
20.02 Hilton Garden Inn Virginia Beach Oceanfront 45,600,000 8/1/2019                          
21 Home Depot Technology Center 66,600,000 8/31/2018                 1.83 1.77 66.5% 66.5% 9.3%
22 Hampton Inn & Suites - Vineland 21,000,000 8/1/2018                 2.04 1.85 67.0% 56.9% 14.7%
23 The Tannery 18,900,000 7/30/2018                 1.56 1.47 70.0% 58.1% 10.3%
24 Vernon Industrial  25,000,000 11/1/2018                 2.04 1.97 52.0% 52.0% 10.4%
25 Liberty Portfolio 256,700,000 Various                 1.89 1.77 64.6% 64.6% 9.1%
25.01 Liberty Center at Rio Salado 212,910,000 8/22/2018                          
25.02 8501 East Raintree Drive 43,790,000 8/24/2018                          
26 Argenta Flats 19,000,000 10/5/2018                 1.32 1.28 62.6% 54.8% 9.0%
27 Century Town Center 18,000,000 9/5/2018                 1.80 1.65 66.1% 61.0% 11.7%
28 Home2 Suites - Franklin Cool Springs 17,200,000 10/9/2018                 1.87 1.68 69.2% 57.1% 12.2%
29 Kennedy Road Marketplace 16,600,000 10/10/2018                 1.49 1.47 59.6% 54.5% 9.9%
30 1400 Flat Gap Road 20,550,000 10/31/2018                 2.18 1.96 49.9% 46.1% 14.2%
31 Fair Oaks Mall 545,600,000 2/3/2018                 3.04 2.89 31.8% 29.7% 17.2%
32 Norriton Medical Center 13,400,000 9/28/2018                 2.34 2.22 64.9% 64.9% 12.2%
33 Hampton Inn & Suites McKinney 11,300,000 05/01/2018                 1.77 1.60 69.6% 53.5% 13.4%
34 Kaden Tower 10,300,000 10/23/2018                 1.70 1.50 74.3% 64.7% 11.7%
35 Buellton Self Storage 13,400,000 9/20/2018                 2.16 2.13 56.0% 56.0% 11.0%
36 Hampton Inn & Suites - Sterling Heights 12,900,000 1/01/2019                 1.95 1.74 58.1% 48.9% 13.6%
37 Heartland Village Apartments 9,900,000 9/27/2018                 1.50 1.40 70.1% 63.0% 10.5%
38 CLC Self Storage Portfolio 9,480,000 Various                 1.38 1.35 70.7% 63.4% 9.5%
38.01 Kangaroo II Self-Storage 5,100,000 9/26/2018                          
38.02 Apublix Self Storage - Sooner Road 3,270,000 10/2/2018                          
38.03 Apublix Self Storage - 10th Street 1,110,000 10/2/2018                          
39 33 Dart Road 11,600,000 9/21/2018                 2.16 2.05 56.9% 56.9% 10.7%
40 Condor Self Storage of Ojai 12,100,000 9/20/2018                 2.34 2.31 49.6% 49.6% 11.9%
41 225 Carolina  8,500,000 10/4/2018                 1.60 1.49 70.6% 64.0% 10.5%
42 Fairmont Crossing 9,840,000 9/24/2018                 1.66 1.57 60.0% 55.5% 11.0%
43 Infinite Self Storage 8,900,000 9/21/2018                 1.71 1.68 64.6% 64.6% 9.6%
44 Willow Ridge 10,620,000 9/6/2018                 1.94 1.80 53.5% 47.1% 12.8%
45 New London Square 7,500,000 9/26/2018                 1.91 1.78 67.7% 57.7% 12.8%
46 Walgreens - Georgetown, TX 6,850,000 9/10/2018                 1.57 1.56 63.5% 63.5% 8.5%
47 Paso Robles Self Storage 11,000,000 9/21/2018                 3.73 3.68 36.4% 36.4% 18.4%
48 Cartwright Pointe Plaza 8,800,000 9/20/2018                 2.87 2.70 45.0% 36.8% 18.1%
49 Safeway - Port Angeles 6,500,000 9/10/2018                 1.89 1.76 53.8% 53.8% 10.1%
50 2011 & 2015 Abrams Road 5,580,000 9/25/2018                 1.72 1.68 55.6% 55.6% 9.6%
51 Heron Lakes Apartments 3,550,000 04/19/2018                 1.36 1.26 64.3% 49.2% 10.0%
52 Rochester Square Shopping Center 2,575,000 8/9/2018                 2.40 2.25 58.3% 52.2% 16.4%

 

A-1-5

 

 

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

 

Mortgage Loan Number Property Name Cut-off Date U/W NCF Debt Yield(7)(13) U/W
Revenues ($)(6)
U/W
Expenses ($)
U/W Net Operating Income ($) U/W
Replacement ($)
U/W
TI/LC ($)(12)
U/W
Net Cash Flow ($)
Occupancy Rate(2)(8) Occupancy as-of Date U/W Hotel ADR U/W Hotel RevPAR Most Recent Period Most Recent Revenues ($)(6)
1 Miami Industrial Portfolio 8.9% 8,353,124 1,829,524 6,523,600 149,119 468,629 5,905,852 89.4% 10/31/2018     TTM 9/30/2018 8,257,666
2 Sheraton Grand Nashville Downtown 12.6% 49,212,571 27,006,315 22,206,255 1,968,503 0 20,237,752 79.8% 8/31/2018 236 189 TTM 8/31/2018 49,212,571
3 Walgreens - Ginsberg Portfolio 8.4% 3,351,000 0 3,351,000 0 0 3,351,000 100.0% 12/1/2018     Actual 2017 3,351,000
3.01 Walgreens - Alexandria, VA   780,000 0 780,000 0 0 780,000 100.0% 12/1/2018     Actual 2017 780,000
3.02 Walgreens - Atlanta, GA   565,000 0 565,000 0 0 565,000 100.0% 12/1/2018     Actual 2017 565,000
3.03 Walgreens - Burlington, NC   545,000 0 545,000 0 0 545,000 100.0% 12/1/2018     Actual 2017 545,000
3.04 Walgreens - Franklin, MA   515,000 0 515,000 0 0 515,000 100.0% 12/1/2018     Actual 2017 515,000
3.05 Walgreens - Chester, MD   510,000 0 510,000 0 0 510,000 100.0% 12/1/2018     Actual 2017 510,000
3.06 Walgreens - Laredo, TX   436,000 0 436,000 0 0 436,000 100.0% 12/1/2018     Actual 2017 436,000
4 Riverworks 9.9% 6,361,090 2,847,258 3,513,832 30,213 201,417 3,282,203 96.3% 9/27/2018     TTM 8/31/2018 5,463,154
5 1000 Windward Concourse 10.7% 5,312,875 1,746,183 3,566,691 52,124 251,425 3,263,142 96.8% 10/12/2018     TTM 8/31/2018 5,109,576
6 Starwood Hotel Portfolio 10.8% 106,614,582 73,391,622 33,222,960 4,564,469 0 28,658,491 72.5% 5/31/2018 120 87 TTM 5/31/2018 94,707,559
6.01 Renaissance St. Louis Airport Hotel   18,340,705 13,943,902 4,396,803 916,666 0 3,480,137 70.5% 5/31/2018 125 88 TTM 5/31/2018 18,340,705
6.02 Renaissance Des Moines Savery Hotel   11,907,023 8,638,437 3,268,586 595,351 0 2,673,235 0.0% 5/31/2018 171 111 NAV NAV
6.03 Residence Inn St. Louis Downtown   7,220,742 4,549,955 2,670,787 288,830 0 2,381,957 75.5% 5/31/2018 135 102 TTM 5/31/2018 7,220,742
6.04 Doubletree Hotel West Palm Beach Airport   7,865,081 4,534,282 3,330,799 314,502 0 3,016,297 87.7% 5/31/2018 129 113 TTM 5/31/2018 7,865,081
6.05 Courtyard Gulfport Beachfront   5,008,785 3,381,853 1,626,932 198,385 0 1,428,547 65.7% 5/31/2018 118 77 TTM 5/31/2018 5,008,785
6.06 Fairfield Inn Atlanta Downtown   6,033,534 4,378,312 1,655,222 241,387 0 1,413,835 69.5% 5/31/2018 138 96 TTM 5/31/2018 6,033,534
6.07 Hotel Indigo Chicago Vernon Hills   3,994,581 2,543,167 1,451,414 159,778 0 1,291,636 68.4% 5/31/2018 117 80 TTM 5/31/2018 3,994,581
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale   4,168,157 2,568,997 1,599,160 166,653 0 1,432,507 70.8% 5/31/2018 122 86 TTM 5/31/2018 4,168,157
6.09 Holiday Inn & Suites Green Bay Stadium   3,999,663 2,524,693 1,474,970 159,999 0 1,314,971 72.1% 5/31/2018 117 84 TTM 5/31/2018 3,999,663
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area   3,966,386 2,584,454 1,381,932 158,653 0 1,223,279 77.5% 5/31/2018 105 82 TTM 5/31/2018 3,966,386
6.11 Hilton Garden Inn Wichita   4,029,691 2,670,325 1,359,366 161,186 0 1,198,180 78.5% 5/31/2018 127 100 TTM 5/31/2018 4,029,691
6.12 Courtyard Norman   2,858,581 1,916,415 942,166 114,343 0 827,823 65.4% 5/31/2018 99 65 TTM 5/31/2018 2,858,581
6.13 Springhill Suites Scranton Wilkes Barre   2,982,337 2,033,991 948,346 119,294 0 829,052 73.9% 5/31/2018 107 79 TTM 5/31/2018 2,982,337
6.14 Courtyard Salisbury   2,904,462 2,152,022 752,440 116,084 0 636,356 66.1% 5/31/2018 109 72 TTM 5/31/2018 2,904,462
6.15 Homewood Suites St. Louis Riverport Airport West   3,358,281 2,561,956 796,325 134,315 0 662,010 76.3% 5/31/2018 115 88 TTM 5/31/2018 3,358,281
6.16 Residence Inn Rocky Mount   2,390,947 1,511,088 879,859 95,637 0 784,222 72.7% 5/31/2018 111 81 TTM 5/31/2018 2,390,947
6.17 Hampton Inn and Suites Wichita Northeast   3,049,146 2,028,476 1,020,670 121,966 0 898,704 72.1% 5/31/2018 112 81 TTM 5/31/2018 3,049,146
6.18 Residence Inn Salisbury   2,434,461 1,751,456 683,005 97,346 0 585,659 77.0% 5/31/2018 102 78 TTM 5/31/2018 2,434,461
6.19 Courtyard Rocky Mount   2,491,710 1,777,298 714,412 99,685 0 614,727 67.6% 5/31/2018 102 69 TTM 5/31/2018 2,491,710
6.20 Springhill Suites Wichita East at Plazzio   2,522,354 1,792,831 729,523 100,894 0 628,629 69.1% 5/31/2018 96 67 TTM 5/31/2018 2,522,354
6.21 Residence Inn Wichita East at Plazzio   2,672,364 1,829,038 843,326 106,904 0 736,422 73.3% 5/31/2018 105 77 TTM 5/31/2018 2,672,364
6.22 Hampton Inn Oklahoma City Northwest   2,415,590 1,718,674 696,916 96,612 0 600,304 70.3% 5/31/2018 96 68 TTM 5/31/2018 2,415,590
7 Franklin Towne Center 12.2% 3,758,236 131,538 3,626,698 20,755 69,182 3,536,761 100.0% 12/1/2018     TTM 9/30/2018 3,505,155
8 Christiana Mall 13.6% 56,260,022 9,514,932 46,745,090 106,754 533,772 46,104,564 98.3% 5/31/2018     TTM 5/31/2018 54,029,729
9 Bella at Norcross 8.9% 3,919,238 1,432,725 2,486,513 79,500 0 2,407,013 95.6% 9/24/2018     TTM 9/30/2018 3,735,980
10 1600 Terrell Mill Road 8.7% 3,668,419 1,078,701 2,589,718 50,342 276,863 2,262,513 100.0% 11/20/2018     TTM 9/30/2018 3,480,528
11 Memphis Industrial Portfolio 9.5% 3,992,373 1,074,797 2,917,576 93,590 393,399 2,430,587 92.6% 11/19/2018     TTM 9/30/2018 3,979,098
11.01 Wolf Lake   1,996,444 513,742 1,482,701 45,935 192,478 1,244,288 97.9% 11/19/2018     TTM 9/30/2018 2,076,227
11.02 Stage Hills   1,995,929 561,054 1,434,874 47,655 200,920 1,186,299 87.5% 11/19/2018     TTM 9/30/2018 1,902,871
12 Prudential - Digital Realty Portfolio 11.6% 31,435,055 6,299,432 25,135,623 104,293 521,468 24,509,864 100.0% 12/6/2018     TTM 6/30/2018 31,618,047
12.01 14901 FAA Boulevard   6,943,289 1,382,801 5,560,488 26,370 131,850 5,402,268 100.0% 12/6/2018     TTM 6/30/2018 7,133,471
12.02 4650 Old Ironsides Drive   5,060,414 953,393 4,107,021 12,438 62,192 4,032,392 100.0% 12/6/2018     TTM 6/30/2018 5,087,368
12.03 43790 Devin Shafron Drive   4,522,473 894,539 3,627,934 15,214 76,069 3,536,651 100.0% 12/6/2018     TTM 6/30/2018 4,550,004
12.04 636 Pierce Street   4,032,195 865,060 3,167,135 10,834 54,168 3,102,133 100.0% 12/6/2018     TTM 6/30/2018 3,954,626
12.05 21551 Beaumeade Circle   2,929,347 649,316 2,280,031 15,250 76,252 2,188,529 100.0% 12/6/2018     TTM 6/30/2018 2,979,280
12.06 7505 Mason King Court   2,388,210 249,024 2,139,186 10,965 54,825 2,073,396 100.0% 12/6/2018     TTM 6/30/2018 2,335,365
12.07 4700 Old Ironsides Drive   2,800,993 689,249 2,111,744 9,014 45,070 2,057,661 100.0% 12/6/2018     TTM 6/30/2018 2,821,605
12.08 444 Toyama Drive   2,758,134 616,050 2,142,084 4,208 21,042 2,116,835 100.0% 12/6/2018     TTM 6/30/2018 2,756,328
13 California Mixed Use Portfolio 9.2% 3,614,462 1,186,005 2,428,457 60,700 94,453 2,273,303 93.8% Various     TTM 9/30/2018 3,547,350
13.01 Daytona RV & Boat Storage   1,786,225 438,726 1,347,499 32,262 0 1,315,237 98.3% 10/8/2018     TTM 9/30/2018 1,729,781
13.02 Daytona Business Park   1,041,442 437,272 604,170 19,916 94,453 489,801 85.1% 9/30/2018     TTM 9/30/2018 1,054,877
13.03 Absolute Self Storage   786,794 310,007 476,788 8,522 0 468,265 97.1% 10/8/2018     TTM 9/30/2018 762,693
14 Danbury Commerce Portfolio 8.6% 4,731,872 1,312,233 3,419,639 46,871 100,122 3,272,646 100.0% Various     Annualized 6 6/30/2018 4,401,930
14.01 Delaware Commerce Park   3,803,601 1,087,039 2,716,562 37,983 79,042 2,599,538 100.0% 5/1/2018     Annualized 6 6/30/2018 3,508,272
14.02 34 Executive Drive   928,271 225,194 703,077 8,888 21,081 673,108 100.0% 7/1/2018     Annualized 6 6/30/2018 893,658
15 35 Claver Place 7.3% 1,806,615 243,195 1,563,420 11,000 0 1,552,420 97.7% 10/31/2018     NAV NAV
16 Aventura Mall 10.8% 185,479,647 30,620,668 154,858,979 243,502 3,043,770 151,571,708 92.8% 2/14/2018     TTM 3/31/2018 149,776,330
17 H Inc. Multifamily Portfolio 8.2% 2,380,708 777,922 1,602,786 35,000 0 1,567,786 92.9% 11/02/2018     TTM 10/11/2018 2,344,290
17.01 Motor Wheel Lofts   2,033,583 675,580 1,358,003 29,750 0 1,328,253 93.3% 11/02/2018     TTM 10/11/2018 2,002,823
17.02 JI Case Lofts   347,125 102,342 244,784 5,250 0 239,534 90.5% 11/02/2018     TTM 10/11/2018 341,468
18 Waterford Tulsa Apartments 9.1% 2,847,677 1,159,106 1,688,571 86,000 0 1,602,571 96.5% 10/5/2018     TTM 9/30/2018 2,731,657
19 Lakeside Pointe & Fox Club Apartments 9.3% 6,602,346 3,337,829 3,264,517 275,100 0 2,989,417 93.2% 10/3/2018     TTM 8/31/2018 6,404,672
19.01 Lakeside Pointe at Nora   4,046,300 1,854,753 2,191,547 174,636 0 2,016,911 92.9% 10/3/2018     TTM 8/31/2018 3,915,109
19.02 Fox Club Apartments   2,556,046 1,483,076 1,072,970 100,464 0 972,506 93.8% 10/3/2018     TTM 8/31/2018 2,489,563
20 Virginia Beach Hotel Portfolio 11.8% 30,113,592 18,324,515 11,789,077 1,204,544 0 10,584,533 76.0% 5/31/2018 206 150 TTM 5/31/2018 30,066,599
20.01 Hilton Virginia Beach Oceanfront   20,016,328 12,352,214 7,664,114 800,653 0 6,863,461 75.7% 5/31/2018 214 152 TTM 5/31/2018 19,969,335
20.02 Hilton Garden Inn Virginia Beach Oceanfront   10,097,264 5,972,301 4,124,963 403,891 0 3,721,073 76.6% 5/31/2018 192 147 TTM 5/31/2018 10,097,264
21 Home Depot Technology Center 9.0% 5,857,123 1,737,924 4,119,198 69,500 66,325 3,983,373 100.0% 10/14/2018     TTM 8/31/2018 5,618,072
22 Hampton Inn & Suites - Vineland 13.3% 4,712,609 2,648,373 2,064,236 188,504 0 1,875,732 79.2% 6/30/2018 119 94 TTM 6/30/2018 4,712,609
23 The Tannery 9.7% 1,730,628 363,532 1,367,095 13,071 65,355 1,288,669 100.0% 9/8/2018     TTM 6/30/2018 1,118,714
24 Vernon Industrial  10.0% 1,709,010 363,244 1,345,765 7,365 36,825 1,301,575 100.0% 11/1/2018     TTM 6/30/2018 1,013,551
25 Liberty Portfolio 8.5% 19,169,391 4,059,580 15,109,811 161,149 818,643 14,130,018 100.0% Various     Annualized 7 7/31/2018 17,361,723
25.01 Liberty Center at Rio Salado   16,209,889 3,419,672 12,790,217 136,481 691,036 11,962,700 100.0% 5/31/2018     Annualized 7 7/31/2018 14,474,784
25.02 8501 East Raintree Drive   2,959,502 639,908 2,319,594 24,668 127,607 2,167,319 100.0% 12/1/2018     Annualized 7 7/31/2018 2,886,939
26 Argenta Flats 8.7% 1,792,253 723,886 1,068,367 32,000 0 1,036,367 97.5% 10/24/2018     TTM 9/30/2018 1,589,478
27 Century Town Center 10.6% 1,962,578 576,223 1,386,355 19,911 99,553 1,266,891 94.5% 8/17/2018     TTM 8/31/2018 1,732,853
28 Home2 Suites - Franklin Cool Springs 11.0% 3,675,556 2,224,507 1,451,049 147,022 0 1,304,027 73.8% 9/30/2018 128 95 TTM 9/30/2018 3,675,556
29 Kennedy Road Marketplace 9.7% 1,408,063 430,206 977,857 12,941 0 964,916 93.8% 10/1/2018     TTM 9/30/2018 1,168,725
30 1400 Flat Gap Road 12.8% 1,504,619 45,139 1,459,481 48,598 102,979 1,307,904 100.0% 12/1/2018     NAV NAV
31 Fair Oaks Mall 16.3% 45,095,362 15,187,457 29,907,905 144,930 1,364,911 28,398,064 91.6% 2/1/2018     Actual 2017 47,308,867
32 Norriton Medical Center 11.6% 1,658,480 594,965 1,063,514 14,842 39,212 1,009,460 100.0% 10/26/2018     TTM 6/30/2018 1,426,268
33 Hampton Inn & Suites McKinney 12.0% 2,615,963 1,563,948 1,052,015 104,639 0 947,376 86.2% 8/31/2018 110 89 TTM 8/31/2018 2,782,988
34 Kaden Tower 10.3% 1,802,838 906,002 896,837 20,433 86,834 789,570 95.6% 11/1/2018     TTM 8/31/2018 1,838,361
35 Buellton Self Storage 10.8% 1,289,670 467,472 822,199 11,980 0 810,219 84.1% 10/1/2018     TTM 9/30/2018 1,289,590
36 Hampton Inn & Suites - Sterling Heights 12.2% 2,662,480 1,644,085 1,018,395 106,499 0 911,896 84.6% 6/30/2018 120 94 TTM 6/30/2018 2,854,228
37 Heartland Village Apartments 9.8% 1,723,285 995,479 727,805 47,443 0 680,363 91.0% 10/12/2018     TTM 8/31/2018 1,639,387
38 CLC Self Storage Portfolio 9.3% 1,061,145 423,764 637,381 14,426 0 622,955 88.0% Various     Various 1,003,805
38.01 Kangaroo II Self-Storage   601,945 240,588 361,357 7,533 0 353,824 92.2% 8/9/2018     TTM 7/31/2018 529,297
38.02 Apublix Self Storage - Sooner Road   326,743 129,431 197,312 5,358 0 191,954 79.3% 8/8/2018     TTM 6/30/2018 344,545
38.03 Apublix Self Storage - 10th Street   132,457 53,745 78,712 1,535 0 77,177 95.4% 8/8/2018     TTM 6/30/2018 129,963
39 33 Dart Road 10.2% 804,835 96,448 708,387 10,488 24,941 672,958 100.0% 12/1/2018     TTM 8/31/2018 921,288
40 Condor Self Storage of Ojai 11.8% 1,128,684 412,164 716,520 9,028 0 707,492 87.2% 10/1/2018     TTM 9/30/2018 1,129,017
41 225 Carolina  9.7% 922,540 294,133 628,407 4,051 40,507 583,849 100.0% 10/10/2018     Annualized 6 6/30/2018 774,508
42 Fairmont Crossing 10.4% 958,021 308,129 649,893 4,367 33,729 611,797 93.9% 11/13/2018     TTM 10/31/2018 1,026,529
43 Infinite Self Storage 9.4% 949,462 398,701 550,761 9,460 0 541,301 86.7% 9/13/2018     TTM 9/30/2018 918,892
44 Willow Ridge 11.9% 1,581,170 852,568 728,602 52,750 0 675,852 99.1% 9/26/2018     TTM 7/31/2018 1,559,262
45 New London Square 11.9% 895,163 246,981 648,182 8,905 35,807 603,471 84.7% 10/31/2018     TTM 8/31/2018 768,841
46 Walgreens - Georgetown, TX 8.4% 380,611 11,418 369,193 2,964 0 366,229 100.0% 12/6/2018     NAV NAV
47 Paso Robles Self Storage 18.2% 1,037,841 300,987 736,854 9,572 0 727,282 91.1% 9/30/2018     TTM 9/30/2018 1,007,807
48 Cartwright Pointe Plaza 17.0% 961,002 245,184 715,818 7,373 34,189 674,257 95.3% 11/1/2018     TTM 8/31/2018 901,989
49 Safeway - Port Angeles 9.4% 477,401 125,448 351,953 4,323 19,096 328,534 100.0% 12/1/2018     NAV NAV
50 2011 & 2015 Abrams Road 9.4% 376,842 79,384 297,458 836 6,272 290,350 100.0% 9/18/2018     TTM 7/31/2018 203,258
51 Heron Lakes Apartments 9.3% 428,005 199,125 228,880 16,914 0 211,967 98.1% 5/30/2018     TTM 4/30/2018 414,345
52 Rochester Square Shopping Center 15.4% 329,626 83,258 246,368 1,904 13,185 231,280 97.0% 11/7/2018     TTM 9/30/2018 381,161

 

A-1-6

 

 

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

 

Mortgage Loan Number Property Name Most Recent Expenses ($) Most
Recent
NOI ($)
Most Recent Capital Expenditures Most Recent NCF ($) Most Recent Hotel ADR Most Recent Hotel RevPAR Second Most Recent Period Second Most Recent Revenues ($)(6) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent Capital Expenditures Second Most Recent NCF ($) Second Most Recent Hotel ADR Second Most Recent Hotel RevPAR
1 Miami Industrial Portfolio 1,729,424 6,528,242 0 6,528,242     Actual 2017 8,046,400 1,727,175 6,319,225 0 6,319,225    
2 Sheraton Grand Nashville Downtown 26,827,958 22,384,613 1,968,503 20,416,110 236 189 Actual 2017 48,390,462 26,813,329 21,577,133 1,935,618 19,641,515 240 191
3 Walgreens - Ginsberg Portfolio 0 3,351,000 0 3,351,000     Actual 2016 3,351,000 0 3,351,000 0 3,351,000    
3.01 Walgreens - Alexandria, VA 0 780,000 0 780,000     Actual 2016 780,000 0 780,000 0 780,000    
3.02 Walgreens - Atlanta, GA 0 565,000 0 565,000     Actual 2016 565,000 0 565,000 0 565,000    
3.03 Walgreens - Burlington, NC 0 545,000 0 545,000     Actual 2016 545,000 0 545,000 0 545,000    
3.04 Walgreens - Franklin, MA 0 515,000 0 515,000     Actual 2016 515,000 0 515,000 0 515,000    
3.05 Walgreens - Chester, MD 0 510,000 0 510,000     Actual 2016 510,000 0 510,000 0 510,000    
3.06 Walgreens - Laredo, TX 0 436,000 0 436,000     Actual 2016 436,000 0 436,000 0 436,000    
4 Riverworks 2,717,734 2,745,420 0 2,745,420     Actual 2017 5,427,630 2,711,178 2,716,452 0 2,716,452    
5 1000 Windward Concourse 1,617,544 3,492,031 0 3,492,031     Actual 2017 4,671,009 1,590,477 3,080,532 0 3,080,532    
6 Starwood Hotel Portfolio 64,753,185 29,954,374 0 29,954,374 117 85 Actual 2017 93,391,528 63,914,410 29,477,118 0 29,477,118 116 84
6.01 Renaissance St. Louis Airport Hotel 13,943,902 4,396,803 0 4,396,803 125 88 Actual 2017 18,324,277 14,008,269 4,316,008 0 4,316,008 124 89
6.02 Renaissance Des Moines Savery Hotel NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
6.03 Residence Inn St. Louis Downtown 4,549,955 2,670,787 0 2,670,787 135 102 Actual 2017 7,438,018 4,521,625 2,916,393 0 2,916,393 137 105
6.04 Doubletree Hotel West Palm Beach Airport 4,534,282 3,330,799 0 3,330,799 129 113 Actual 2017 7,320,304 4,414,847 2,905,457 0 2,905,457 119 105
6.05 Courtyard Gulfport Beachfront 3,381,853 1,626,932 0 1,626,932 118 77 Actual 2017 4,964,644 3,364,283 1,600,361 0 1,600,361 116 77
6.06 Fairfield Inn Atlanta Downtown 4,378,312 1,655,222 0 1,655,222 138 96 Actual 2017 5,682,298 4,194,924 1,487,374 0 1,487,374 134 90
6.07 Hotel Indigo Chicago Vernon Hills 2,543,167 1,451,414 0 1,451,414 117 80 Actual 2017 3,965,649 2,522,569 1,443,080 0 1,443,080 116 79
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale 2,568,997 1,599,160 0 1,599,160 122 86 Actual 2017 4,327,833 2,479,540 1,848,293 0 1,848,293 126 90
6.09 Holiday Inn & Suites Green Bay Stadium 2,524,693 1,474,970 0 1,474,970 117 84 Actual 2017 3,982,719 2,509,991 1,472,728 0 1,472,728 120 84
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area 2,584,454 1,381,932 0 1,381,932 105 82 Actual 2017 3,853,245 2,524,729 1,328,516 0 1,328,516 104 79
6.11 Hilton Garden Inn Wichita 2,670,325 1,359,366 0 1,359,366 127 100 Actual 2017 3,868,305 2,629,420 1,238,885 0 1,238,885 127 96
6.12 Courtyard Norman 1,916,415 942,166 0 942,166 99 65 Actual 2017 2,740,942 1,836,858 904,084 0 904,084 100 63
6.13 Springhill Suites Scranton Wilkes Barre 2,033,991 948,346 0 948,346 107 79 Actual 2017 2,933,685 2,016,030 917,655 0 917,655 106 78
6.14 Courtyard Salisbury 2,152,022 752,440 0 752,440 109 72 Actual 2017 2,869,168 2,105,336 763,832 0 763,832 108 71
6.15 Homewood Suites St. Louis Riverport Airport West 2,561,956 796,325 0 796,325 115 88 Actual 2017 3,240,355 2,554,929 685,426 0 685,426 115 84
6.16 Residence Inn Rocky Mount 1,511,088 879,859 0 879,859 111 81 Actual 2017 2,344,882 1,468,042 876,840 0 876,840 111 80
6.17 Hampton Inn and Suites Wichita Northeast 2,028,476 1,020,670 0 1,020,670 112 81 Actual 2017 3,064,633 2,060,936 1,003,697 0 1,003,697 113 81
6.18 Residence Inn Salisbury 1,751,456 683,005 0 683,005 102 78 Actual 2017 2,220,654 1,600,092 620,562 0 620,562 99 71
6.19 Courtyard Rocky Mount 1,777,298 714,412 0 714,412 102 69 Actual 2017 2,580,825 1,778,097 802,728 0 802,728 101 72
6.20 Springhill Suites Wichita East at Plazzio 1,792,831 729,523 0 729,523 96 67 Actual 2017 2,443,748 1,764,615 679,133 0 679,133 95 65
6.21 Residence Inn Wichita East at Plazzio 1,829,038 843,326 0 843,326 105 77 Actual 2017 2,768,127 1,823,182 944,945 0 944,945 106 80
6.22 Hampton Inn Oklahoma City Northwest 1,718,674 696,916 0 696,916 96 68 Actual 2017 2,457,218 1,736,096 721,122 0 721,122 97 69
7 Franklin Towne Center 105,155 3,400,000 0 3,400,000     Actual 2017 3,311,856 99,356 3,212,500 0 3,212,500    
8 Christiana Mall 10,479,303 43,550,426 0 43,550,426     Actual 2017 54,058,534 10,544,365 43,514,169 0 43,514,169    
9 Bella at Norcross 1,232,083 2,503,897 79,500 2,424,397     TTM 5/31/2017 3,406,655 1,757,451 1,649,204 79,500 1,569,704    
10 1600 Terrell Mill Road 1,055,931 2,424,597 0 2,424,597     Actual 2017 2,484,049 907,579 1,576,469 490 1,575,979    
11 Memphis Industrial Portfolio 1,167,155 2,811,943 0 2,811,943     Actual 2017 3,867,554 1,130,186 2,737,368 0 2,737,368    
11.01 Wolf Lake 565,482 1,510,746 0 1,510,746     Actual 2017 2,020,027 558,440 1,461,587 0 1,461,587    
11.02 Stage Hills 601,674 1,301,197 0 1,301,197     Actual 2017 1,847,527 571,745 1,275,782 0 1,275,782    
12 Prudential - Digital Realty Portfolio 5,756,343 25,861,704 0 25,861,704     Actual 2017 31,009,062 5,520,559 25,488,503 0 25,488,503    
12.01 14901 FAA Boulevard 1,366,005 5,767,466 0 5,767,466     Actual 2017 6,936,540 1,235,967 5,700,573 0 5,700,573    
12.02 4650 Old Ironsides Drive 855,023 4,232,345 0 4,232,345     Actual 2017 5,023,568 838,094 4,185,474 0 4,185,474    
12.03 43790 Devin Shafron Drive 813,688 3,736,316 0 3,736,316     Actual 2017 4,416,237 756,573 3,659,664 0 3,659,664    
12.04 636 Pierce Street 720,623 3,234,003 0 3,234,003     Actual 2017 3,907,712 717,877 3,189,835 0 3,189,835    
12.05 21551 Beaumeade Circle 605,132 2,374,148 0 2,374,148     Actual 2017 2,940,978 596,338 2,344,640 0 2,344,640    
12.06 7505 Mason King Court 200,310 2,135,055 0 2,135,055     Actual 2017 2,286,124 191,666 2,094,458 0 2,094,458    
12.07 4700 Old Ironsides Drive 632,909 2,188,696 0 2,188,696     Actual 2017 2,781,102 631,647 2,149,455 0 2,149,455    
12.08 444 Toyama Drive 562,653 2,193,675 0 2,193,675     Actual 2017 2,716,801 552,397 2,164,404 0 2,164,404    
13 California Mixed Use Portfolio 1,063,495 2,483,855 3,000 2,480,855     Actual 2017 3,487,786 1,047,015 2,440,771 42,622 2,398,150    
13.01 Daytona RV & Boat Storage 419,744 1,310,037 0 1,310,037     Actual 2017 1,662,366 413,827 1,248,539 0 1,248,539    
13.02 Daytona Business Park 352,671 702,206 3,000 699,206     Actual 2017 1,127,192 314,970 812,222 42,622 769,601    
13.03 Absolute Self Storage 291,080 471,612 0 471,612     Actual 2017 698,228 318,218 380,010 0 380,010    
14 Danbury Commerce Portfolio 728,408 3,673,522 0 3,673,522     Actual 2017 4,247,225 642,189 3,605,036 0 3,605,036    
14.01 Delaware Commerce Park 548,106 2,960,166 0 2,960,166     Actual 2017 3,407,647 485,240 2,922,407 0 2,922,407    
14.02 34 Executive Drive 180,302 713,356 0 713,356     Actual 2017 839,578 156,948 682,630 0 682,630    
15 35 Claver Place NAV NAV NAV NAV     NAV NAV NAV NAV NAV NAV    
16 Aventura Mall 31,484,933 118,291,397 0 118,291,397     Actual 2017 145,286,882 30,046,320 115,240,562 0 115,240,562    
17 H Inc. Multifamily Portfolio 579,374 1,764,916 0 1,764,916     Actual 2017 2,367,293 595,599 1,771,694 0 1,771,694    
17.01 Motor Wheel Lofts 463,633 1,539,190 0 1,539,190     Actual 2017 2,014,670 493,320 1,521,350 0 1,521,350    
17.02 JI Case Lofts 115,741 225,727 0 225,727     Actual 2017 352,622 102,279 250,343 0 250,343    
18 Waterford Tulsa Apartments 1,244,123 1,487,533 0 1,487,533     Actual 2017 2,829,004 1,255,147 1,573,856 0 1,573,856    
19 Lakeside Pointe & Fox Club Apartments 3,478,515 2,926,157 0 2,926,157     Actual 2017 6,362,803 3,313,549 3,049,254 0 3,049,254    
19.01 Lakeside Pointe at Nora 1,941,749 1,973,360 0 1,973,360     Actual 2017 3,996,085 1,851,816 2,144,269 0 2,144,269    
19.02 Fox Club Apartments 1,536,766 952,797 0 952,797     Actual 2017 2,366,718 1,461,733 904,985 0 904,985    
20 Virginia Beach Hotel Portfolio 18,225,519 11,841,080 0 11,841,080 206 157 Actual 2017 30,917,483 18,407,936 12,509,547 0 12,509,547 205 155
20.01 Hilton Virginia Beach Oceanfront 12,352,327 7,617,008 0 7,617,008 214 162 Actual 2017 20,662,681 12,488,938 8,173,743 0 8,173,743 212 159
20.02 Hilton Garden Inn Virginia Beach Oceanfront 5,873,192 4,224,072 0 4,224,072 192 147 Actual 2017 10,254,802 5,918,998 4,335,804 0 4,335,804 192 150
21 Home Depot Technology Center 1,709,507 3,908,565 0 3,908,565     Actual 2017 4,467,959 1,582,192 2,885,767 0 2,885,767    
22 Hampton Inn & Suites - Vineland 2,680,427 2,032,182 0 2,032,182 119 94 Actual 2017 4,482,965 2,644,549 1,838,416 0 1,838,416 114 89
23 The Tannery 345,213 773,501 0 773,501     Actual 2017 850,945 314,470 536,475 0 536,475    
24 Vernon Industrial  277,110 736,441 0 736,441     Actual 2017 1,001,957 277,810 724,147 0 724,147    
25 Liberty Portfolio 2,858,899 14,502,825 0 14,502,825     Actual 2017 10,833,560 2,085,330 8,748,230 0 8,748,230    
25.01 Liberty Center at Rio Salado 2,355,223 12,119,561 0 12,119,561     Actual 2017 7,965,235 1,571,541 6,393,694 0 6,393,694    
25.02 8501 East Raintree Drive 503,676 2,383,263 0 2,383,263     Actual 2017 2,868,325 513,789 2,354,536 0 2,354,536    
26 Argenta Flats 746,047 843,432 32,000 811,432     Actual 2017 1,224,938 641,776 583,163 32,000 551,163    
27 Century Town Center 459,049 1,273,804 0 1,273,804     Actual 2017 1,678,081 464,312 1,213,770 0 1,213,770    
28 Home2 Suites - Franklin Cool Springs 2,181,920 1,493,636 0 1,493,636 128 95 Actual 2017 3,492,879 2,074,553 1,418,326 0 1,418,326 129 90
29 Kennedy Road Marketplace 358,526 810,199 0 810,199     Actual 2017 1,211,756 365,065 846,691 0 846,691    
30 1400 Flat Gap Road NAV NAV NAV NAV     NAV NAV NAV NAV NAV NAV    
31 Fair Oaks Mall 15,012,540 32,296,326 0 32,296,326     Actual 2016 50,381,051 15,478,478 34,902,573 0 34,902,573    
32 Norriton Medical Center 631,919 794,349 0 794,349     Actual 2017 1,297,718 585,929 711,789 0 711,789    
33 Hampton Inn & Suites McKinney 1,587,636 1,195,352 0 1,195,352 110 95 Actual 2017 2,724,218 1,548,771 1,175,447 0 1,175,447 109 93
34 Kaden Tower 935,588 902,774 0 902,774     Actual 2017 1,601,509 906,533 694,976 0 694,976    
35 Buellton Self Storage 475,481 814,109 0 814,109     Actual 2017 1,226,772 457,582 769,190 0 769,190    
36 Hampton Inn & Suites - Sterling Heights 1,725,638 1,128,590 0 1,128,590 120 101 Actual 2017 2,781,250 1,635,295 1,145,955 0 1,145,955 120 99
37 Heartland Village Apartments 1,041,841 597,546 0 597,546     Actual 2017 1,667,342 989,485 677,857 0 677,857    
38 CLC Self Storage Portfolio 438,018 565,787 0 565,787     Actual 2017 1,001,526 455,646 545,880 0 545,880    
38.01 Kangaroo II Self-Storage 282,254 247,043 0 247,043     Actual 2017 517,500 280,779 236,721 0 236,721    
38.02 Apublix Self Storage - Sooner Road 102,972 241,573 0 241,573     Actual 2017 351,865 122,325 229,540 0 229,540    
38.03 Apublix Self Storage - 10th Street 52,792 77,171 0 77,171     Actual 2017 132,161 52,542 79,619 0 79,619    
39 33 Dart Road 0 921,288 0 921,288     Actual 2017 921,288 0 921,288 0 921,288    
40 Condor Self Storage of Ojai 425,846 703,171 0 703,171     Actual 2017 1,074,687 390,765 683,922 0 683,922    
41 225 Carolina  234,941 539,567 0 539,567     Actual 2017 316,377 172,017 144,360 0 144,360    
42 Fairmont Crossing 322,454 704,075 0 704,075     Actual 2017 1,025,248 340,100 685,148 0 685,148    
43 Infinite Self Storage 445,465 473,427 0 473,427     Actual 2017 796,614 402,828 393,786 0 393,786    
44 Willow Ridge 821,320 737,942 0 737,942                    
45 New London Square 245,123 523,718 0 523,718     Actual 2017 691,071 212,358 478,713 0 478,713    
46 Walgreens - Georgetown, TX NAV NAV NAV NAV     NAV NAV NAV NAV NAV NAV    
47 Paso Robles Self Storage 339,827 667,981 0 667,981     Actual 2017 990,882 330,722 660,160 0 660,160    
48 Cartwright Pointe Plaza 220,483 681,506 0 681,506     Actual 2017 756,477 182,749 573,729 0 573,729    
49 Safeway - Port Angeles NAV NAV NAV NAV     NAV NAV NAV NAV NAV NAV    
50 2011 & 2015 Abrams Road 60,539 142,719 0 142,719     Actual 2017 235,346 54,529 180,817 0 180,817    
51 Heron Lakes Apartments 197,361 216,984 0 216,984     Actual 2017 404,910 199,425 205,485 0 205,485    
52 Rochester Square Shopping Center 83,734 297,427 0 297,427     Actual 2017 362,220 94,043 268,177 0 268,177    

 

A-1-7

 

 

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

 

Mortgage Loan Number Property Name Third Most Recent Period Third Most Recent Revenues ($)(6) Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent Capital Expenditures Third Most Recent NCF ($) Third Most Recent Hotel ADR Third Most Recent Hotel RevPAR Master Lease (Y/N) Largest Tenant Name(9)(10)(16) Largest Tenant Sq. Ft. Largest
Tenant
% of NRA
Largest Tenant Exp. Date
1 Miami Industrial Portfolio Actual 2016 7,695,244 1,734,977 5,960,266 0 5,960,266     N Ezone 2.0 LLC 21,881 2.9% 6/30/2021
2 Sheraton Grand Nashville Downtown Actual 2016 45,349,337 25,408,909 19,940,428 1,813,973 18,126,455 241 188 N        
3 Walgreens - Ginsberg Portfolio NAV NAV NAV NAV NAV NAV     N Walgreens Various Various Various
3.01 Walgreens - Alexandria, VA NAV NAV NAV NAV NAV NAV     N Walgreens 14,469 100.0% 10/31/2083
3.02 Walgreens - Atlanta, GA NAV NAV NAV NAV NAV NAV     N Walgreens 14,110 100.0% 3/31/2095
3.03 Walgreens - Burlington, NC NAV NAV NAV NAV NAV NAV     N Walgreens 14,550 100.0% 11/30/2083
3.04 Walgreens - Franklin, MA NAV NAV NAV NAV NAV NAV     N Walgreens 14,550 100.0% 1/31/2085
3.05 Walgreens - Chester, MD NAV NAV NAV NAV NAV NAV     N Walgreens 14,550 100.0% 4/30/2085
3.06 Walgreens - Laredo, TX NAV NAV NAV NAV NAV NAV     N Walgreens 14,820 100.0% 4/30/2084
4 Riverworks Actual 2016 5,462,471 3,119,070 2,343,400 0 2,343,400     N Mimecast North America, Inc. 44,170 21.9% 10/15/2020
5 1000 Windward Concourse Actual 2016 3,870,434 1,572,757 2,297,677 0 2,297,677     N The Travelers Indemnity Company 140,255 55.8% 8/31/2022
6 Starwood Hotel Portfolio Actual 2016 92,515,295 63,143,112 29,372,183 0 29,372,183 115 82 N        
6.01 Renaissance St. Louis Airport Hotel Actual 2016 17,795,311 13,634,768 4,160,543 0 4,160,543 121 81 N        
6.02 Renaissance Des Moines Savery Hotel NAV NAV NAV NAV NAV NAV NAV NAV N        
6.03 Residence Inn St. Louis Downtown Actual 2016 7,532,220 4,424,445 3,107,775 0 3,107,775 133 105 N        
6.04 Doubletree Hotel West Palm Beach Airport Actual 2016 6,462,287 4,120,824 2,341,463 0 2,341,463 109 92 N        
6.05 Courtyard Gulfport Beachfront Actual 2016 5,201,110 3,558,484 1,642,626 0 1,642,626 112 81 N        
6.06 Fairfield Inn Atlanta Downtown Actual 2016 5,558,141 4,326,533 1,231,608 0 1,231,608 137 88 N        
6.07 Hotel Indigo Chicago Vernon Hills Actual 2016 3,910,722 2,480,037 1,430,685 0 1,430,685 116 77 N        
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale Actual 2016 4,258,536 2,486,367 1,772,169 0 1,772,169 124 87 N        
6.09 Holiday Inn & Suites Green Bay Stadium Actual 2016 4,095,374 2,614,133 1,481,241 0 1,481,241 126 85 N        
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area Actual 2016 3,995,717 2,449,666 1,546,051 0 1,546,051 106 82 N        
6.11 Hilton Garden Inn Wichita Actual 2016 3,896,365 2,675,029 1,221,336 0 1,221,336 128 96 N        
6.12 Courtyard Norman Actual 2016 2,608,716 1,710,744 897,972 0 897,972 104 59 N        
6.13 Springhill Suites Scranton Wilkes Barre Actual 2016 2,718,138 1,876,615 841,523 0 841,523 103 72 N        
6.14 Courtyard Salisbury Actual 2016 3,148,273 2,174,763 973,510 0 973,510 107 78 N        
6.15 Homewood Suites St. Louis Riverport Airport West Actual 2016 3,095,156 2,459,925 635,231 0 635,231 117 80 N        
6.16 Residence Inn Rocky Mount Actual 2016 2,062,299 1,400,544 661,755 0 661,755 95 69 N        
6.17 Hampton Inn and Suites Wichita Northeast Actual 2016 3,150,231 2,121,669 1,028,562 0 1,028,562 108 83 N        
6.18 Residence Inn Salisbury Actual 2016 2,592,288 1,607,398 984,890 0 984,890 99 83 N        
6.19 Courtyard Rocky Mount Actual 2016 2,520,678 1,751,839 768,839 0 768,839 102 69 N        
6.20 Springhill Suites Wichita East at Plazzio Actual 2016 2,443,042 1,734,798 708,244 0 708,244 99 64 N        
6.21 Residence Inn Wichita East at Plazzio Actual 2016 2,886,410 1,766,942 1,119,468 0 1,119,468 113 82 N        
6.22 Hampton Inn Oklahoma City Northwest Actual 2016 2,584,279 1,767,585 816,694 0 816,694 97 72 N        
7 Franklin Towne Center Actual 2016 3,216,495 96,495 3,120,000 0 3,120,000     Y Stop & Shop 138,364 100.0% 10/31/2030
8 Christiana Mall Actual 2016 54,140,474 10,182,915 43,957,559 0 43,957,559     N Target (Ground Lease) 145,312 18.7% 12/31/2036
9 Bella at Norcross Actual 2016 3,276,883 1,776,009 1,500,874 79,500 1,421,374     N        
10 1600 Terrell Mill Road Actual 2016 3,741,425 848,571 2,892,855 2,514 2,890,341     N Q Squared Solutions LLC 138,981 55.2% 9/30/2023
11 Memphis Industrial Portfolio Actual 2016 3,608,667 961,655 2,647,011 0 2,647,011     Y Various Various Various Various
11.01 Wolf Lake Actual 2016 1,997,484 457,496 1,539,988 0 1,539,988     Y Enteroptyx 36,000 15.7% 6/30/2022
11.02 Stage Hills Actual 2016 1,611,183 504,159 1,107,024 0 1,107,024     Y Surface Dynamics, LLC 19,440 8.2% 8/31/2021
12 Prudential - Digital Realty Portfolio Actual 2016 30,153,975 5,218,019 24,935,956 0 24,935,956     N Various Various Various Various
12.01 14901 FAA Boulevard Actual 2016 6,532,263 986,583 5,545,680 0 5,545,680     N Cyxtera 263,700 100.0% 2/2/2022
12.02 4650 Old Ironsides Drive Actual 2016 4,899,745 814,002 4,085,743 0 4,085,743     N Cyxtera 124,383 100.0% 4/30/2027
12.03 43790 Devin Shafron Drive Actual 2016 4,386,733 791,276 3,595,457 0 3,595,457     N VADATA, Inc. 152,138 100.0% 5/31/2021
12.04 636 Pierce Street Actual 2016 3,907,838 717,838 3,190,000 0 3,190,000     N The Bank of New York Mellon 108,336 100.0% 4/30/2023
12.05 21551 Beaumeade Circle Actual 2016 2,847,924 575,933 2,271,991 0 2,271,991     N Equinix, LLC 152,504 100.0% 12/31/2023
12.06 7505 Mason King Court Actual 2016 2,226,277 184,424 2,041,853 0 2,041,853     N VADATA, Inc. 109,650 100.0% 12/31/2023
12.07 4700 Old Ironsides Drive Actual 2016 2,706,656 606,707 2,099,949 0 2,099,949     N Cyxtera 90,139 100.0% 4/30/2027
12.08 444 Toyama Drive Actual 2016 2,646,539 541,256 2,105,283 0 2,105,283     N Equinix, LLC 42,083 100.0% 7/31/2022
13 California Mixed Use Portfolio Actual 2016 3,323,180 1,063,925 2,259,255 36,060 2,223,196     N Various Various Various Various
13.01 Daytona RV & Boat Storage Actual 2016 1,602,295 413,797 1,188,497 0 1,188,497     N        
13.02 Daytona Business Park Actual 2016 1,094,023 344,239 749,784 36,060 713,724     N County of Riverside 55,625 27.9% 6/11/2019
13.03 Absolute Self Storage Actual 2016 626,863 305,888 320,974 0 320,974     N        
14 Danbury Commerce Portfolio Actual 2016 4,399,675 742,938 3,656,737 0 3,656,737     N Various Various Various Various
14.01 Delaware Commerce Park Actual 2016 3,538,471 563,715 2,974,756 0 2,974,756     N Entegris/ATMI  72,710 19.1% 12/31/2021
14.02 34 Executive Drive Actual 2016 861,204 179,223 681,981 0 681,981     N R.K. Manufacturing Company 67,550 76.0% 11/30/2029
15 35 Claver Place NAV NAV NAV NAV NAV NAV     N        
16 Aventura Mall Actual 2016 139,956,585 29,303,182 110,653,403 0 110,653,403     Y JCPenney 193,759 15.9% 4/30/2023
17 H Inc. Multifamily Portfolio Actual 2016 2,148,400 553,646 1,594,754 0 1,594,754     N        
17.01 Motor Wheel Lofts Actual 2016 1,846,058 471,236 1,374,822 0 1,374,822     N        
17.02 JI Case Lofts Actual 2016 302,342 82,410 219,932 0 219,932     N        
18 Waterford Tulsa Apartments Actual 2016 2,785,650 1,255,892 1,529,758 0 1,529,758     N        
19 Lakeside Pointe & Fox Club Apartments Actual 2016 6,107,911 3,293,109 2,814,802 0 2,814,802     N        
19.01 Lakeside Pointe at Nora Actual 2016 3,830,538 1,943,685 1,886,853 0 1,886,853     N        
19.02 Fox Club Apartments Actual 2016 2,277,373 1,349,424 927,949 0 927,949     N        
20 Virginia Beach Hotel Portfolio Actual 2016 31,038,981 18,754,354 12,284,627 0 12,284,627 207 147 N        
20.01 Hilton Virginia Beach Oceanfront Actual 2016 20,777,960 12,950,847 7,827,113 0 7,827,113 215 154 N        
20.02 Hilton Garden Inn Virginia Beach Oceanfront Actual 2016 10,261,021 5,803,508 4,457,513 0 4,457,513 192 136 N        
21 Home Depot Technology Center Actual 2016 2,478,395 1,491,128 987,268 0 987,268     N Home Depot 310,669 89.4% 7/31/2029
22 Hampton Inn & Suites - Vineland Actual 2016 3,894,012 2,405,086 1,488,926 0 1,488,926 107 77 N        
23 The Tannery NAV NAV NAV NAV NAV NAV     N Red Nucleus Solutions, LLC 22,917 35.1% 2/28/2026
24 Vernon Industrial  Actual 2016 955,308 260,494 694,814 0 694,814     N Volume Distributors, Inc. 82,978 56.3% 11/1/2038
25 Liberty Portfolio Actual 2016 8,906,536 1,704,875 7,201,661 0 7,201,661     N Various Various Various Various
25.01 Liberty Center at Rio Salado Actual 2016 5,306,641 1,191,393 4,115,248 0 4,115,248     N Centene Management Company, LLC 352,988 51.7% 1/22/2028
25.02 8501 East Raintree Drive Actual 2016 3,599,895 513,482 3,086,413 0 3,086,413     N The Vanguard Group, Inc. 123,340 100.0% 7/31/2026
26 Argenta Flats NAV NAV NAV NAV NAV NAV     N        
27 Century Town Center Actual 2016 1,695,954 483,448 1,212,506 0 1,212,506     N Marshalls/HomeGoods 52,000 52.2% 8/31/2023
28 Home2 Suites - Franklin Cool Springs NAV NAV NAV NAV NAV NAV NAV NAV N        
29 Kennedy Road Marketplace Actual 2016 1,443,427 373,236 1,070,190 0 1,070,190     N Home Goods 20,000 30.9% 8/31/2028
30 1400 Flat Gap Road NAV NAV NAV NAV NAV NAV     N Oshkosh Manufacturing 485,977 100.0% 9/30/2025
31 Fair Oaks Mall Actual 2015 49,139,554 14,789,192 34,350,362 0 34,350,362     N Macy’s 215,000 27.6% 2/1/2026
32 Norriton Medical Center Actual 2016 1,405,066 609,653 795,413 0 795,413     N IOA RE 11,249 15.2% 5/31/2021
33 Hampton Inn & Suites McKinney Actual 2016 2,430,994 1,455,712 975,282 0 975,282 105 83 N        
34 Kaden Tower Actual 2016 1,586,831 832,969 753,862 0 753,862     N PharmaCord, LLC 19,887 22.9% 6/30/2022
35 Buellton Self Storage Actual 2016 1,144,990 443,618 701,372 0 701,372     N        
36 Hampton Inn & Suites - Sterling Heights Actual 2016 2,719,417 1,659,019 1,060,398 0 1,060,398 119 93 N        
37 Heartland Village Apartments NAV NAV NAV NAV NAV NAV     N        
38 CLC Self Storage Portfolio Various 1,057,956 415,096 642,860 0 642,860     N        
38.01 Kangaroo II Self-Storage Actual 2016 581,532 267,421 314,111 0 314,111     N        
38.02 Apublix Self Storage - Sooner Road Annualized 4 12/31/2016 332,766 100,985 231,781 0 231,781     N        
38.03 Apublix Self Storage - 10th Street Annualized 4 12/31/2016 143,658 46,690 96,968 0 96,968     N        
39 33 Dart Road Actual 2016 921,288 0 921,288 0 921,288     N Cargill Meat Solutions Corporation 104,880 100.0% 5/31/2029
40 Condor Self Storage of Ojai Actual 2016 1,031,565 368,281 663,284 0 663,284     N        
41 225 Carolina  Actual 2016 228,680 156,021 72,659 0 72,659     N Lifespan Corp 25,985 64.1% 4/30/2026
42 Fairmont Crossing Actual 2016 906,224 250,002 656,221 0 656,221     N Neighborhood Emergency Center 7,070 24.3% 5/31/2023
43 Infinite Self Storage Actual 2016 769,863 438,165 331,698 0 331,698     N        
44 Willow Ridge                 N        
45 New London Square Actual 2016 768,927 187,795 581,132 0 581,132     N Marietta Antique Mall 30,000 33.7% 3/31/2024
46 Walgreens - Georgetown, TX NAV NAV NAV NAV NAV NAV     N Walgreens Co 14,820 100.0% 1/31/2087
47 Paso Robles Self Storage Actual 2016 952,357 302,523 649,834 0 649,834     N        
48 Cartwright Pointe Plaza Actual 2016 476,319 173,130 303,189 0 303,189     N Ross Dress for Less DBA - DD’s Discounts 19,137 26.0% 1/31/2028
49 Safeway - Port Angeles NAV NAV NAV NAV NAV NAV     N Safeway 43,228 100.0% 10/31/2037
50 2011 & 2015 Abrams Road Actual 2016 256,956 58,403 198,553 0 198,553     N Bliss Nail Lounge 2,595 31.0% 9/30/2025
51 Heron Lakes Apartments NAV NAV NAV NAV NAV NAV     N        
52 Rochester Square Shopping Center Actual 2016 378,271 91,643 286,629 0 286,629     N Rochester Road Ventures LLC 4,025 21.1% 5/31/2021

 

A-1-8

 

 

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

 

Mortgage Loan Number Property Name 2nd Largest Tenant Name(9)(10) 2nd Largest Tenant Sq. Ft. 2nd Largest
Tenant
% of NRA
2nd Largest Tenant Exp. Date 3rd Largest Tenant Name(8)(9)(10) 3rd Largest Tenant Sq. Ft. 3rd Largest
Tenant
% of NRA
3rd Largest Tenant Exp. Date 4th Largest Tenant Name(8)(9)(10) 4th Largest Tenant Sq. Ft.
1 Miami Industrial Portfolio Giovanni & Sons 20,846 2.8% 9/30/2019 Purchase One Corp 19,950 2.7% 2/29/2020 A.R. Express LLC 12,700
2 Sheraton Grand Nashville Downtown                    
3 Walgreens - Ginsberg Portfolio                    
3.01 Walgreens - Alexandria, VA                    
3.02 Walgreens - Atlanta, GA                    
3.03 Walgreens - Burlington, NC                    
3.04 Walgreens - Franklin, MA                    
3.05 Walgreens - Chester, MD                    
3.06 Walgreens - Laredo, TX                    
4 Riverworks New England Research Institutes 33,657 16.7% 7/31/2021 Eyepoint Pharmaceuticals, Inc. 20,240 10.0% 4/30/2025 NormaTec Industries, LP 16,969
5 1000 Windward Concourse   Kinder Morgan, Inc. 44,141 17.6% 12/31/2025   Agilysys, Inc. 33,719 13.4% 5/31/2021 Agile Resources Inc 7,220
6 Starwood Hotel Portfolio                    
6.01 Renaissance St. Louis Airport Hotel                    
6.02 Renaissance Des Moines Savery Hotel                    
6.03 Residence Inn St. Louis Downtown                    
6.04 Doubletree Hotel West Palm Beach Airport                    
6.05 Courtyard Gulfport Beachfront                    
6.06 Fairfield Inn Atlanta Downtown                    
6.07 Hotel Indigo Chicago Vernon Hills                    
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale                    
6.09 Holiday Inn & Suites Green Bay Stadium                    
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area                    
6.11 Hilton Garden Inn Wichita                    
6.12 Courtyard Norman                    
6.13 Springhill Suites Scranton Wilkes Barre                    
6.14 Courtyard Salisbury                    
6.15 Homewood Suites St. Louis Riverport Airport West                    
6.16 Residence Inn Rocky Mount                    
6.17 Hampton Inn and Suites Wichita Northeast                    
6.18 Residence Inn Salisbury                    
6.19 Courtyard Rocky Mount                    
6.20 Springhill Suites Wichita East at Plazzio                    
6.21 Residence Inn Wichita East at Plazzio                    
6.22 Hampton Inn Oklahoma City Northwest                    
7 Franklin Towne Center                    
8 Christiana Mall Cabela’s (Ground Lease) 100,000 12.8% 1/31/2035 Cinemark 50,643 6.5% 11/30/2029 Barnes & Noble Bookseller 36,803
9 Bella at Norcross                    
10 1600 Terrell Mill Road First Data Corporation 112,729 44.8% 8/31/2023            
11 Memphis Industrial Portfolio Various Various Various Various Various Various Various Various Various Various
11.01 Wolf Lake Experitec 31,320 13.6% 4/30/2024 Crown Manufacturing 29,160 12.7% 2/28/2020 ADT 13,500
11.02 Stage Hills Southern Fastening Systems, Inc 12,960 5.4% 10/31/2020 IBA Dosimetry America 12,600 5.3% 6/30/2021 Behind the Scenes 12,500
12 Prudential - Digital Realty Portfolio                    
12.01 14901 FAA Boulevard                    
12.02 4650 Old Ironsides Drive                    
12.03 43790 Devin Shafron Drive                    
12.04 636 Pierce Street                    
12.05 21551 Beaumeade Circle                    
12.06 7505 Mason King Court                    
12.07 4700 Old Ironsides Drive                    
12.08 444 Toyama Drive                    
13 California Mixed Use Portfolio Various Various Various Various Various Various Various Various Various Various
13.01 Daytona RV & Boat Storage                    
13.02 Daytona Business Park Axiom Trading International, Inc. 38,473 19.3% 5/31/2021 SoCal Custom Rigs, LLC 10,170 5.1% 4/30/2019 GHH Ministries 8,000
13.03 Absolute Self Storage                    
14 Danbury Commerce Portfolio Various Various Various Various Various Various Various Various Various Various
14.01 Delaware Commerce Park Lorad/Hologic 60,000 15.8% 12/31/2021 Amphenol 45,750 12.0% 8/31/2023 Kimchuk 24,255
14.02 34 Executive Drive Stever Enterprises, Inc. 11,480 12.9% 2/28/2023 Cierant Corporation 9,852 11.1% 3/31/2023    
15 35 Claver Place                    
16 Aventura Mall AMC Theatres 78,738 6.5% 8/31/2023 Zara 34,454 2.8% 10/31/2029 XXI Forever 32,504
17 H Inc. Multifamily Portfolio                    
17.01 Motor Wheel Lofts                    
17.02 JI Case Lofts                    
18 Waterford Tulsa Apartments                    
19 Lakeside Pointe & Fox Club Apartments                    
19.01 Lakeside Pointe at Nora                    
19.02 Fox Club Apartments                    
20 Virginia Beach Hotel Portfolio                    
20.01 Hilton Virginia Beach Oceanfront                    
20.02 Hilton Garden Inn Virginia Beach Oceanfront                    
21 Home Depot Technology Center Underwriters Laboratories, LLC 36,829 10.6% 8/31/2029            
22 Hampton Inn & Suites - Vineland                    
23 The Tannery ICON Clinical Research, LLC 12,923 19.8% 9/30/2027 GR8 People, Inc. 10,476 16.0% 4/30/2026 Vault Brewing Company 8,345
24 Vernon Industrial  Jam’n Products 64,322 43.7% 4/30/2021            
25 Liberty Portfolio Various Various Various Various Various Various Various Various Various Various
25.01 Liberty Center at Rio Salado DHL Express (USA), Inc. 117,593 17.2% 2/28/2023 WageWorks, Inc. 76,162 11.2% 12/31/2021 Carvana, LLC 69,774
25.02 8501 East Raintree Drive                    
26 Argenta Flats                    
27 Century Town Center Petco 15,000 15.1% 1/31/2024 Jo-Ann 11,048 11.1% 1/31/2023 Davita Dialysis 5,347
28 Home2 Suites - Franklin Cool Springs                    
29 Kennedy Road Marketplace Petco 15,257 23.6% 9/30/2022 Dollar Tree 9,160 14.2% 6/30/2020 Anytime Fitness  6,840
30 1400 Flat Gap Road                    
31 Fair Oaks Mall XXI Forever 51,317 6.6% 1/31/2022 H&M 20,265 2.6% 1/31/2029 Express 12,278
32 Norriton Medical Center Eistein Orthopaedic Associates 7,058 9.5% 3/31/2020 Mission Kids (Child Advocacy Center) 5,988 8.1% 5/31/2025 Laurel House 5,429
33 Hampton Inn & Suites McKinney                    
34 Kaden Tower My Kentucky Home, LLC 13,789 15.9% 12/31/2021 RCSH Operations, LLC 9,500 10.9% 2/28/2023 Kaden Management Co., Inc. 8,542
35 Buellton Self Storage                    
36 Hampton Inn & Suites - Sterling Heights                    
37 Heartland Village Apartments                    
38 CLC Self Storage Portfolio                    
38.01 Kangaroo II Self-Storage                    
38.02 Apublix Self Storage - Sooner Road                    
38.03 Apublix Self Storage - 10th Street                    
39 33 Dart Road                    
40 Condor Self Storage of Ojai                    
41 225 Carolina  Semma Therapeutics 14,522 35.9% 12/31/2022            
42 Fairmont Crossing ReMax (Benoit Investments) 5,500 18.9% 1/31/2021 TnT Hair Concept Salon 3,000 10.3% 6/30/2021 Southern Dental 2,400
43 Infinite Self Storage                    
44 Willow Ridge                    
45 New London Square Life Grocery 10,605 11.9% 4/30/2022 Furkids, Inc. 8,800 9.9% 4/30/2023 Harold’s Chicken & Ice 6,000
46 Walgreens - Georgetown, TX                    
47 Paso Robles Self Storage                    
48 Cartwright Pointe Plaza Palacio Real 15,435 20.9% 10/12/2025 Magic Smiles 10,000 13.6% 8/31/2026 Family Dollar 9,600
49 Safeway - Port Angeles                    
50 2011 & 2015 Abrams Road Lakewood Pediatrics 2,265 27.1% 1/31/2026 Scalini’s Pizza 2,002 23.9% 3/31/2020 The Heights 1,500
51 Heron Lakes Apartments                    
52 Rochester Square Shopping Center Dojo Zen Bei Martial Arts, LLC 2,088 11.0% 10/31/2019 Asian Healthy Living LLC 1,387 7.3% 5/31/2021 Michael Azoury and Vihang Inc 1,327

 

A-1-9

 

 

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

 

Mortgage Loan Number Property Name 4th Largest
Tenant
% of NRA
4th Largest Tenant Exp. Date 5th Largest Tenant Name(8)(9)(10) 5th Largest Tenant Sq. Ft. 5th Largest
Tenant
% of NRA
5th Largest Tenant Exp. Date Engineering Report Date Environmental Report Date (Phase I) Environmental Report Date (Phase II) Seismic Report Date Seismic PML % Seismic Insurance Required  (Y/N) Terrorism Insurance (Y/N) Loan Purpose
1 Miami Industrial Portfolio 1.7% 9/30/2021 Pool Designs by Laly, LLC 10,250 1.4% 8/31/2020 10/23/2018 10/24/2018       N Y Refinance
2 Sheraton Grand Nashville Downtown             9/25/2018 9/25/2018       N Y Refinance
3 Walgreens - Ginsberg Portfolio             Various Various       N Y Refinance/Acquisition
3.01 Walgreens - Alexandria, VA             10/22/2018 10/24/2018       N Y  
3.02 Walgreens - Atlanta, GA             10/22/2018 10/24/2018       N Y  
3.03 Walgreens - Burlington, NC             10/22/2018 10/24/2018       N Y  
3.04 Walgreens - Franklin, MA             10/22/2018 10/24/2018       N Y  
3.05 Walgreens - Chester, MD             10/22/2018 10/24/2018       N Y  
3.06 Walgreens - Laredo, TX             12/11/2017 12/8/2017       N Y  
4 Riverworks 8.4% 12/31/2023 SAI Global 14,230 7.1% 6/30/2024 9/26/2018 9/27/2018       N Y Acquisition
5 1000 Windward Concourse 2.9% 2/28/2019 Infinitel Group, Inc. (Café) 7,162 2.8% 9/30/2022 8/15/2018 8/15/2018       N Y Acquisition
6 Starwood Hotel Portfolio             7/10/2018 Various       N Y Refinance
6.01 Renaissance St. Louis Airport Hotel             7/10/2018 7/9/2018       N Y  
6.02 Renaissance Des Moines Savery Hotel             7/10/2018 7/10/2018       N Y  
6.03 Residence Inn St. Louis Downtown             7/10/2018 7/9/2018       N Y  
6.04 Doubletree Hotel West Palm Beach Airport             7/10/2018 7/9/2018       N Y  
6.05 Courtyard Gulfport Beachfront             7/10/2018 7/9/2018       N Y  
6.06 Fairfield Inn Atlanta Downtown             7/10/2018 7/9/2018       N Y  
6.07 Hotel Indigo Chicago Vernon Hills             7/10/2018 7/9/2018       N Y  
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale             7/10/2018 7/10/2018       N Y  
6.09 Holiday Inn & Suites Green Bay Stadium             7/10/2018 7/10/2018       N Y  
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area             7/10/2018 7/10/2018       N Y  
6.11 Hilton Garden Inn Wichita             7/10/2018 7/9/2018       N Y  
6.12 Courtyard Norman             7/10/2018 7/10/2018       N Y  
6.13 Springhill Suites Scranton Wilkes Barre             7/10/2018 7/10/2018       N Y  
6.14 Courtyard Salisbury             7/10/2018 7/9/2018       N Y  
6.15 Homewood Suites St. Louis Riverport Airport West             7/10/2018 7/10/2018       N Y  
6.16 Residence Inn Rocky Mount             7/10/2018 7/9/2018       N Y  
6.17 Hampton Inn and Suites Wichita Northeast             7/10/2018 7/9/2018       N Y  
6.18 Residence Inn Salisbury             7/10/2018 7/9/2018       N Y  
6.19 Courtyard Rocky Mount             7/10/2018 7/9/2018       N Y  
6.20 Springhill Suites Wichita East at Plazzio             7/10/2018 7/10/2018       N Y  
6.21 Residence Inn Wichita East at Plazzio             7/10/2018 7/10/2018       N Y  
6.22 Hampton Inn Oklahoma City Northwest             7/10/2018 7/9/2018       N Y  
7 Franklin Towne Center             10/16/2018 10/1/2018       N Y Refinance
8 Christiana Mall 4.7% 1/31/2020 XXI Forever 27,300 3.5% 1/31/2020 6/11/2018 6/11/2018       N Y Refinance
9 Bella at Norcross             10/24/2018 10/26/2018       N Y Refinance
10 1600 Terrell Mill Road             11/06/2018 10/24/2018       N Y Refinance
11 Memphis Industrial Portfolio Various Various Various Various Various Various Various 10/19/2018   10/19/2018 15.0% N Y Refinance
11.01 Wolf Lake 5.9% 6/30/2025 OfficeScapes 12,150 5.3% 10/31/2021 10/18/2018 10/19/2018   10/19/2018 15.0% N Y  
11.02 Stage Hills 5.2% 2/28/2022 Kenad SG Medical, Inc. 9,810 4.1% 8/31/2026 10/19/2018 10/19/2018   10/19/2018 15.0% N Y  
12 Prudential - Digital Realty Portfolio             Various Various   Various Various N Y Refinance
12.01 14901 FAA Boulevard             7/18/2018 7/18/2018       N Y  
12.02 4650 Old Ironsides Drive             7/24/2018 7/20/2018   7/12/2018 12.0% N Y  
12.03 43790 Devin Shafron Drive             7/19/2018 7/17/2018       N Y  
12.04 636 Pierce Street             7/25/2018 7/20/2018       N Y  
12.05 21551 Beaumeade Circle             7/17/2018 7/17/2018       N Y  
12.06 7505 Mason King Court             7/20/2018 7/17/2018       N Y  
12.07 4700 Old Ironsides Drive             7/25/2018 7/23/2018   7/12/2018 12.0% N Y  
12.08 444 Toyama Drive             7/24/2018 7/24/2018   7/12/2018 12.0% N Y  
13 California Mixed Use Portfolio Various Various Various Various Various Various 10/19/2018 Various   Various Various N Y Recapitalization
13.01 Daytona RV & Boat Storage             10/19/2018 10/19/2018   10/19/2018 15.0% N Y  
13.02 Daytona Business Park 4.0% 10/14/2022 Swedish Speed, Inc 6,000 3.0% 4/30/2019 10/19/2018 10/22/2018   10/18/2018 15.0% N Y  
13.03 Absolute Self Storage             10/19/2018 10/19/2018   10/18/2018 14.0% N Y  
14 Danbury Commerce Portfolio Various Various Various Various Various Various 8/8/2018 8/8/2018       N Y Refinance
14.01 Delaware Commerce Park 6.4% 1/31/2019 GAR/Electr 23,400 6.2% 3/31/2024 8/8/2018 8/8/2018       N Y  
14.02 34 Executive Drive             8/8/2018 8/8/2018       N Y  
15 35 Claver Place             9/10/2018 09/10/2018       N Y Refinance
16 Aventura Mall 2.7% 1/31/2019 H&M 28,830 2.4% 1/31/2027 4/27/2018 4/27/2018       N Y Refinance
17 H Inc. Multifamily Portfolio             10/06/2017 10/06/2017       N Y Refinance
17.01 Motor Wheel Lofts             10/06/2017 10/06/2017       N Y  
17.02 JI Case Lofts             10/06/2017 10/06/2017       N Y  
18 Waterford Tulsa Apartments             9/10/2018 9/11/2018       N Y Acquisition
19 Lakeside Pointe & Fox Club Apartments             Various Various       N Y Refinance
19.01 Lakeside Pointe at Nora             7/11/2018 7/9/2018       N Y  
19.02 Fox Club Apartments             7/11/2018 7/10/2018       N Y  
20 Virginia Beach Hotel Portfolio             6/21/2018 6/21/2018       N Y Acquisition
20.01 Hilton Virginia Beach Oceanfront             6/21/2018 6/21/2018       N Y  
20.02 Hilton Garden Inn Virginia Beach Oceanfront             6/21/2018 6/21/2018       N Y  
21 Home Depot Technology Center             5/17/2018 9/27/2018       N Y Acquisition
22 Hampton Inn & Suites - Vineland             8/15/2018 8/16/2018       N Y Refinance
23 The Tannery 12.8% 6/30/2026 Decision Resources, Inc. 7,280 11.1% 11/30/2025 8/3/2018 8/3/2018       N Y Refinance
24 Vernon Industrial              10/15/2018 10/16/2018   10/15/2018 14.0% N Y Refinance
25 Liberty Portfolio Various Various Various Various Various Various 7/12/2018 7/23/2018       N Y Acquisition
25.01 Liberty Center at Rio Salado 10.2% 2/29/2024 DriveTime Automotive Group, Inc. 65,889 9.7% 2/29/2024 7/12/2018 7/23/2018       N Y  
25.02 8501 East Raintree Drive             7/12/2018 7/23/2018       N Y  
26 Argenta Flats             10/16/2018 10/16/2018       N Y Refinance
27 Century Town Center 5.4% 11/5/2028 Fujiyama Japanese Steakhouse 5,340 5.4% 8/31/2028 10/4/2018 10/4/2018       N Y Acquisition
28 Home2 Suites - Franklin Cool Springs             10/12/2018 10/10/2018       N Y Refinance
29 Kennedy Road Marketplace 10.6% 12/31/2028 TCC Wireless LLC 2,500 3.9% 12/31/2028 10/12/2018 10/16/2018       N Y Refinance
30 1400 Flat Gap Road             10/19/2018 10/22/2018       N Y Refinance
31 Fair Oaks Mall 1.6% 1/31/2024 Victoria’s Secret 12,170 1.6% 1/31/2026 2/9/2018 2/8/2018       N Y Refinance
32 Norriton Medical Center 7.3% 2/28/2025 Life Path, Inc. 4,734 6.4% 4/30/2020 9/26/2018 9/26/2018       N Y Acquisition
33 Hampton Inn & Suites McKinney             5/08/2018 5/9/2018       N Y Acquisition
34 Kaden Tower 9.8% 9/30/2023 Kiely, Hines and Associates Insurance Agency, Inc. 6,629 7.6% 7/31/2025 10/25/2018 10/25/2018       N Y Acquisition
35 Buellton Self Storage             9/25/2018 9/25/2018   9/25/2018 10.0% N Y Refinance
36 Hampton Inn & Suites - Sterling Heights             12/26/2017 12/28/2017       N Y Refinance
37 Heartland Village Apartments             10/5/2018 10/9/2018       N Y Acquisition
38 CLC Self Storage Portfolio             Various Various       N Y Acquisition
38.01 Kangaroo II Self-Storage             9/5/2018 9/5/2018       N Y  
38.02 Apublix Self Storage - Sooner Road             10/4/2018 10/4/2018       N Y  
38.03 Apublix Self Storage - 10th Street             10/5/2018 10/4/2018       N Y  
39 33 Dart Road             9/27/2018 9/27/2018       N Y Refinance
40 Condor Self Storage of Ojai             9/25/2018 9/25/2018   9/25/2018 10.0% N Y Refinance
41 225 Carolina              10/10/2018 10/15/2018       N Y Acquisition
42 Fairmont Crossing 8.2% 11/30/2021 Republic House (Tri City) 2,043 7.0% 5/31/2023 10/2/2018 10/3/2018       N Y Refinance
43 Infinite Self Storage             9/26/2018 9/26/2018       N Y Refinance
44 Willow Ridge             9/12/2018 9/12/2018       N Y Refinance
45 New London Square 6.7% 11/30/2022 Williamson Brothers BA 5,303 6.0% 11/30/2024 9/5/2018 9/5/2018       N Y Acquisition
46 Walgreens - Georgetown, TX             9/19/2018 9/18/2018       N Y Acquisition
47 Paso Robles Self Storage             9/25/2018     9/25/2018 7.0% N Y Refinance
48 Cartwright Pointe Plaza 13.0% 3/31/2026 Chevarias Appliances 2,962 4.0% 6/30/2023 10/2/2018         N Y Recapitalization
49 Safeway - Port Angeles             9/12/2018     9/12/2018 7.0% N Y Acquisition
50 2011 & 2015 Abrams Road 17.9% 7/31/2020         10/10/2018         N Y Refinance
51 Heron Lakes Apartments             4/30/2018 04/26/2018       N Y Refinance
52 Rochester Square Shopping Center 7.0% 7/31/2019 Sahar Shehata 1,327 7.0% 6/30/2020 8/16/2018 8/17/2018 9/20/2018     N Y Recapitalization

 

A-1-10

 

 

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

 

Mortgage Loan Number Property Name Engineering Escrow / Deferred Maintenance ($) Tax Escrow (Initial) Monthly Tax Escrow ($) Tax Escrow - Cash or LoC Tax Escrow - LoC Counterparty Insurance Escrow (Initial) Monthly Insurance Escrow ($) Insurance Escrow - Cash or LoC Insurance Escrow - LoC Counterparty Upfront Replacement Reserve ($) Monthly Replacement Reserve ($)(11) Replacement Reserve Cap ($) Replacement Reserve Escrow - Cash or LoC Replacement Reserve Escrow - LoC Counterparty
1 Miami Industrial Portfolio 0 115,875 57,937 Cash   0 Springing     0 12,427 0 Cash  
2 Sheraton Grand Nashville Downtown 0 1,166,485 129,609 Cash   0 Springing     1,000,000 164,042 0 Cash  
3 Walgreens - Ginsberg Portfolio 0 0 Springing     0 Springing     0 Springing 0    
3.01 Walgreens - Alexandria, VA                            
3.02 Walgreens - Atlanta, GA                            
3.03 Walgreens - Burlington, NC                            
3.04 Walgreens - Franklin, MA                            
3.05 Walgreens - Chester, MD                            
3.06 Walgreens - Laredo, TX                            
4 Riverworks 0 137,443 68,721 Cash   22,647 Springing Cash   0 2,518 0 Cash  
5 1000 Windward Concourse 0 30,578 30,578 Cash   12,732 2,546 Cash   0 4,400 0 Cash  
6 Starwood Hotel Portfolio 0 0 Springing     0 Springing     0 330,760 0 Cash  
6.01 Renaissance St. Louis Airport Hotel                            
6.02 Renaissance Des Moines Savery Hotel                            
6.03 Residence Inn St. Louis Downtown                            
6.04 Doubletree Hotel West Palm Beach Airport                            
6.05 Courtyard Gulfport Beachfront                            
6.06 Fairfield Inn Atlanta Downtown                            
6.07 Hotel Indigo Chicago Vernon Hills                            
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale                            
6.09 Holiday Inn & Suites Green Bay Stadium                            
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area                            
6.11 Hilton Garden Inn Wichita                            
6.12 Courtyard Norman                            
6.13 Springhill Suites Scranton Wilkes Barre                            
6.14 Courtyard Salisbury                            
6.15 Homewood Suites St. Louis Riverport Airport West                            
6.16 Residence Inn Rocky Mount                            
6.17 Hampton Inn and Suites Wichita Northeast                            
6.18 Residence Inn Salisbury                            
6.19 Courtyard Rocky Mount                            
6.20 Springhill Suites Wichita East at Plazzio                            
6.21 Residence Inn Wichita East at Plazzio                            
6.22 Hampton Inn Oklahoma City Northwest                            
7 Franklin Towne Center 0 0 Springing     0 Springing     0 2,883 0 Cash  
8 Christiana Mall 0 0 Springing     0 Springing     0 Springing 0    
9 Bella at Norcross 0 83,569 27,856 Cash   58,772 7,347 Cash   0 6,625 0 Cash  
10 1600 Terrell Mill Road 3,438 93,480 31,160 Cash   23,371 2,921 Cash   0 4,195 0 Cash  
11 Memphis Industrial Portfolio 63,000 0 41,998 Cash   87,077 7,916 Cash   0 7,799 0 Cash  
11.01 Wolf Lake                            
11.02 Stage Hills                            
12 Prudential - Digital Realty Portfolio 0 0 Springing     0 Springing     0 Springing 417,173    
12.01 14901 FAA Boulevard                            
12.02 4650 Old Ironsides Drive                            
12.03 43790 Devin Shafron Drive                            
12.04 636 Pierce Street                            
12.05 21551 Beaumeade Circle                            
12.06 7505 Mason King Court                            
12.07 4700 Old Ironsides Drive                            
12.08 444 Toyama Drive                            
13 California Mixed Use Portfolio 18,313 114,994 28,749 Cash   53,164 3,544 Cash   0 5,058 0 Cash  
13.01 Daytona RV & Boat Storage                            
13.02 Daytona Business Park                            
13.03 Absolute Self Storage                            
14 Danbury Commerce Portfolio 478,650 120,237 40,079; Springing Cash   0 4,038; Springing Cash   0 3,906 0 Cash  
14.01 Delaware Commerce Park                            
14.02 34 Executive Drive                            
15 35 Claver Place 3,125 36,568 6,095 Cash   4,936 2,468 Cash   0 917 0 Cash  
16 Aventura Mall 0 0 Springing     0 Springing     0 Springing 487,003    
17 H Inc. Multifamily Portfolio 37,188 86,421 12,346 Cash   4,833 1,611 Cash   0 2,917 0 Cash  
17.01 Motor Wheel Lofts                            
17.02 JI Case Lofts                            
18 Waterford Tulsa Apartments 21,875 0 12,163 Cash   28,715 9,572 Cash   0 7,167 0 Cash  
19 Lakeside Pointe & Fox Club Apartments 489,440 0 Springing     141,290 19,167 Cash   500,000 22,946 0 Cash  
19.01 Lakeside Pointe at Nora                            
19.02 Fox Club Apartments                            
20 Virginia Beach Hotel Portfolio 0 326,006 81,502 Cash   0 28,642 Cash   0 104,329 3,755,852 Cash  
20.01 Hilton Virginia Beach Oceanfront                            
20.02 Hilton Garden Inn Virginia Beach Oceanfront                            
21 Home Depot Technology Center 0 27,577 27,577 Cash   0 Springing     0 Springing 0    
22 Hampton Inn & Suites - Vineland 0 18,649 18,649 Cash   4,839 Springing Cash   0 15,709 0 Cash  
23 The Tannery 0 15,820 5,273 Cash   0 Springing     762,085 1,089 0 Cash  
24 Vernon Industrial  0 48,105 16,035 Cash   0 Springing     168,000 1,228 197,460 Cash  
25 Liberty Portfolio 3,125 89,189 44,594 Cash   18,366 9,183 Cash   0 13,429 0 Cash  
25.01 Liberty Center at Rio Salado                            
25.02 8501 East Raintree Drive                            
26 Argenta Flats 0 66,796 22,265 Cash   25,464 3,638 Cash   3,333 3,333 0 Cash  
27 Century Town Center 5,125 195,756 17,796 Cash   0 Springing     0 1,659 0 Cash  
28 Home2 Suites - Franklin Cool Springs 0 43,735 14,580 Cash   0 Springing     0 12,252 0 Cash  
29 Kennedy Road Marketplace 0 134,549 19,221 Cash   12,723 1,060 Cash   0 1,078 0 Cash  
30 1400 Flat Gap Road 0 0 18,078 Cash   38,687 4,886 Cash   0 4,050 0 Cash  
31 Fair Oaks Mall 0 0 Springing     0 Springing     0 Springing 0    
32 Norriton Medical Center 0 79,316 19,829 Cash   6,056 1,514 Cash   0 Springing 0    
33 Hampton Inn & Suites McKinney 19,688 0 13,185 Cash   6,627 3,313 Cash   0 8,709 0 Cash  
34 Kaden Tower 0 17,562 8,781 Cash   18,138 1,512 Cash   0 1,703 0 Cash  
35 Buellton Self Storage 0 14,780 7,390 Cash   0 Springing     0 999 23,976 Cash  
36 Hampton Inn & Suites - Sterling Heights 0 49,454 12,363 Cash   9,532 1,906 Cash   0 8,875 0 Cash  
37 Heartland Village Apartments 16,038 83,558 20,890 Cash   8,605 4,302 Cash   0 3,954 0 Cash  
38 CLC Self Storage Portfolio 0 12,469 12,469 Cash   0 Springing     0 1,748 0 Cash  
38.01 Kangaroo II Self-Storage                            
38.02 Apublix Self Storage - Sooner Road                            
38.03 Apublix Self Storage - 10th Street                            
39 33 Dart Road 0 0 Springing     0 Springing     0 Springing 0    
40 Condor Self Storage of Ojai 0 15,048 7,524 Cash   0 Springing     0 753 18,072 Cash  
41 225 Carolina  0 0 7,502 Cash   0 Springing     0 338 0 Cash  
42 Fairmont Crossing 8,375 172,030 14,766 Cash   6,098 3,049 Cash   0 364 0 Cash  
43 Infinite Self Storage 0 53,568 13,392 Cash   0 Springing     0 803 0 Cash  
44 Willow Ridge 0 11,992 1,999 Cash   50,042 3,574 Cash   0 4,396 211,000 Cash  
45 New London Square 0 15,616 7,808 Cash   1,619 1,619 Cash   0 1,858 0 Cash  
46 Walgreens - Georgetown, TX 0 0 Springing     0 Springing     0 0 0    
47 Paso Robles Self Storage 0 15,171 5,057 Cash   0 Springing     0 1,197 28,728 Cash  
48 Cartwright Pointe Plaza 0 0 Springing     0 Springing     0 Springing 0    
49 Safeway - Port Angeles 0 0 Springing     0 Springing     0 Springing 0    
50 2011 & 2015 Abrams Road 0 5,461 5,461 Cash   0 Springing     0 139 10,000 Cash  
51 Heron Lakes Apartments 30,286 20,446 2,921 Cash   7,198 1,800 Cash   0 1,409 0 Cash  
52 Rochester Square Shopping Center 0 15,511 3,878 Cash   0 Springing     0 238 0 Cash  

 

A-1-11

 

 

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

 

Mortgage Loan Number Property Name Upfront TI/LC Reserve ($)(5)(8)(12) Monthly TI/LC Reserve ($)(8) TI/LC Reserve Cap ($) TI/LC Escrow - Cash or LoC TI/LC Escrow - LoC Counterparty Debt Service Escrow (Initial) ($) Debt Service Escrow (Monthly) ($) Debt Service Escrow - Cash or LoC Debt Service Escrow - LoC Counterparty Other Escrow I Reserve Description(11) Other Escrow I (Initial) ($)(5)(8)(11)
1 Miami Industrial Portfolio 300,000 31,067 300,000 Cash   0 0     Outstanding TI/LC Reserve 97,587
2 Sheraton Grand Nashville Downtown 0 0 0     0 0       0
3 Walgreens - Ginsberg Portfolio 0 Springing 0     0 0       0
3.01 Walgreens - Alexandria, VA                      
3.02 Walgreens - Atlanta, GA                      
3.03 Walgreens - Burlington, NC                      
3.04 Walgreens - Franklin, MA                      
3.05 Walgreens - Chester, MD                      
3.06 Walgreens - Laredo, TX                      
4 Riverworks 2,000,000 Springing 0 LOC Bank of America 0 0     Free Rent Reserve 584,518
5 1000 Windward Concourse 0 20,952 251,425 Cash   0 0     Travelers Rollover 0
6 Starwood Hotel Portfolio 0 0 0     0 0     PIP Reserve 5,408,895
6.01 Renaissance St. Louis Airport Hotel                      
6.02 Renaissance Des Moines Savery Hotel                      
6.03 Residence Inn St. Louis Downtown                      
6.04 Doubletree Hotel West Palm Beach Airport                      
6.05 Courtyard Gulfport Beachfront                      
6.06 Fairfield Inn Atlanta Downtown                      
6.07 Hotel Indigo Chicago Vernon Hills                      
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale                      
6.09 Holiday Inn & Suites Green Bay Stadium                      
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area                      
6.11 Hilton Garden Inn Wichita                      
6.12 Courtyard Norman                      
6.13 Springhill Suites Scranton Wilkes Barre                      
6.14 Courtyard Salisbury                      
6.15 Homewood Suites St. Louis Riverport Airport West                      
6.16 Residence Inn Rocky Mount                      
6.17 Hampton Inn and Suites Wichita Northeast                      
6.18 Residence Inn Salisbury                      
6.19 Courtyard Rocky Mount                      
6.20 Springhill Suites Wichita East at Plazzio                      
6.21 Residence Inn Wichita East at Plazzio                      
6.22 Hampton Inn Oklahoma City Northwest                      
7 Franklin Towne Center 0 0 0     0 0       0
8 Christiana Mall 0 Springing 0     0 0     Outstanding TI/LC Reserve 1,804,093
9 Bella at Norcross 0 0 0     0 0       0
10 1600 Terrell Mill Road 1,529,160 25,417 0 Cash   0 0     Anchor Tenant Rollover Reserve 0
11 Memphis Industrial Portfolio 250,000 32,653 1,500,000 Cash   0 0       0
11.01 Wolf Lake                      
11.02 Stage Hills                      
12 Prudential - Digital Realty Portfolio 0 Springing 0     0 0       0
12.01 14901 FAA Boulevard                      
12.02 4650 Old Ironsides Drive                      
12.03 43790 Devin Shafron Drive                      
12.04 636 Pierce Street                      
12.05 21551 Beaumeade Circle                      
12.06 7505 Mason King Court                      
12.07 4700 Old Ironsides Drive                      
12.08 444 Toyama Drive                      
13 California Mixed Use Portfolio 350,000 10,788 0 Cash   0 0       0
13.01 Daytona RV & Boat Storage                      
13.02 Daytona Business Park                      
13.03 Absolute Self Storage                      
14 Danbury Commerce Portfolio 250,000 7,812 0 Cash   0 0     Excess Flood Insurance Reserve 50,000
14.01 Delaware Commerce Park                      
14.02 34 Executive Drive                      
15 35 Claver Place 0 0 0     0 0     Real Estate Tax Abatement Escrow 315,000
16 Aventura Mall 0 Springing 6,087,540     0 0     Outstanding Rollover Reserve 19,392,145
17 H Inc. Multifamily Portfolio 0 0 0     0 0     Insolvency Opinion Reserve 10,000
17.01 Motor Wheel Lofts                      
17.02 JI Case Lofts                      
18 Waterford Tulsa Apartments 0 0 0     0 0       0
19 Lakeside Pointe & Fox Club Apartments 0 0 0     0 0       0
19.01 Lakeside Pointe at Nora                      
19.02 Fox Club Apartments                      
20 Virginia Beach Hotel Portfolio 0 0 0     0 0     HGI PIP Reserve 741,954
20.01 Hilton Virginia Beach Oceanfront                      
20.02 Hilton Garden Inn Virginia Beach Oceanfront                      
21 Home Depot Technology Center 0 0 0     0 0     Outstanding TI/LC Reserve 1,054,027
22 Hampton Inn & Suites - Vineland 0 0 0     0 0     PIP Reserve 0
23 The Tannery 1,073,293 5,446 0 Cash   0 0     Forward Rent Reserve 195,987
24 Vernon Industrial  0 6,138 147,300 Cash   0 0       0
25 Liberty Portfolio 1,161,769 Springing 0 Cash   0 0     Free Rent Reserve 109,603
25.01 Liberty Center at Rio Salado                      
25.02 8501 East Raintree Drive                      
26 Argenta Flats 0 0 0     0 0       0
27 Century Town Center 0 8,296 0 Cash   0 0     Outstanding TI/LC Reserve 330,660
28 Home2 Suites - Franklin Cool Springs 0 0 0     0 0       0
29 Kennedy Road Marketplace 325,000 2,696 0 Cash   0 0       0
30 1400 Flat Gap Road 0 6,075 250,000 Cash   0 0     Outstanding TI/LC Reserve 200,000
31 Fair Oaks Mall 3,954,170 Springing 0 Cash   0 0     Gap Rent Reserve 1,183,388
32 Norriton Medical Center 350,000 6,184 0 Cash   0 0       0
33 Hampton Inn & Suites McKinney 0 0 0     0 0     PIP Reserve 15,000
34 Kaden Tower 150,000 7,236 500,000 Cash   0 0       0
35 Buellton Self Storage 0 0 0     0 0       0
36 Hampton Inn & Suites - Sterling Heights 0 0 0     0 0     PIP Reserve 161,450
37 Heartland Village Apartments 0 0 0     0 0       0
38 CLC Self Storage Portfolio 0 0 0     0 0       0
38.01 Kangaroo II Self-Storage                      
38.02 Apublix Self Storage - Sooner Road                      
38.03 Apublix Self Storage - 10th Street                      
39 33 Dart Road 0 0 0     0 0       0
40 Condor Self Storage of Ojai 0 0 0     0 0       0
41 225 Carolina  0 3,376 0 Cash   0 0       0
42 Fairmont Crossing 0 2,426 145,570 Cash   0 0       0
43 Infinite Self Storage 0 0 0     0 0       0
44 Willow Ridge 0 0 0     0 0       0
45 New London Square 160,000 3,334 160,000 Cash   0 0     Springing Marietta Antique Mall Reserve 0
46 Walgreens - Georgetown, TX 0 0 0     0 0       0
47 Paso Robles Self Storage 0 0 0     0 0       0
48 Cartwright Pointe Plaza 0 Springing 0     0 0     Springing Ross Dress for Less - dd’s Discount Reserve 0
49 Safeway - Port Angeles 0 Springing 0     0 0       0
50 2011 & 2015 Abrams Road 0 Springing 0     0 0     Outstanding TI Reserve 51,764
51 Heron Lakes Apartments 0 0 0     0 0       0
52 Rochester Square Shopping Center 0 1,042 40,000 Cash   0 0       0

 

A-1-12

 

 

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

 

Mortgage Loan Number Property Name Other Escrow I (Monthly) ($)(8) Other Escrow I Cap ($) Other Escrow I Escrow - Cash or LoC Other  Escrow I - LoC Counterparty Other Escrow II Reserve Description(11) Other Escrow II (Initial) ($)(8)(11) Other Escrow II (Monthly) ($)(8) Other Escrow II Cap ($)
1 Miami Industrial Portfolio 0 0 Cash     0 0 0
2 Sheraton Grand Nashville Downtown 0 0       0 0 0
3 Walgreens - Ginsberg Portfolio 0 0       0 0 0
3.01 Walgreens - Alexandria, VA                
3.02 Walgreens - Atlanta, GA                
3.03 Walgreens - Burlington, NC                
3.04 Walgreens - Franklin, MA                
3.05 Walgreens - Chester, MD                
3.06 Walgreens - Laredo, TX                
4 Riverworks 0 0 Cash   Outstanding TI Reserve 308,530 0 0
5 1000 Windward Concourse 16,563 0 Cash     0 0 0
6 Starwood Hotel Portfolio 0 0 Cash     0 0 0
6.01 Renaissance St. Louis Airport Hotel                
6.02 Renaissance Des Moines Savery Hotel                
6.03 Residence Inn St. Louis Downtown                
6.04 Doubletree Hotel West Palm Beach Airport                
6.05 Courtyard Gulfport Beachfront                
6.06 Fairfield Inn Atlanta Downtown                
6.07 Hotel Indigo Chicago Vernon Hills                
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale                
6.09 Holiday Inn & Suites Green Bay Stadium                
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area                
6.11 Hilton Garden Inn Wichita                
6.12 Courtyard Norman                
6.13 Springhill Suites Scranton Wilkes Barre                
6.14 Courtyard Salisbury                
6.15 Homewood Suites St. Louis Riverport Airport West                
6.16 Residence Inn Rocky Mount                
6.17 Hampton Inn and Suites Wichita Northeast                
6.18 Residence Inn Salisbury                
6.19 Courtyard Rocky Mount                
6.20 Springhill Suites Wichita East at Plazzio                
6.21 Residence Inn Wichita East at Plazzio                
6.22 Hampton Inn Oklahoma City Northwest                
7 Franklin Towne Center 0 0       0 0 0
8 Christiana Mall 0 0 Cash     0 0 0
9 Bella at Norcross 0 0       0 0 0
10 1600 Terrell Mill Road Springing 4,000,000 with respect to Quintiles; 3,300,000 with respect to First Data NAP   First Data Rent Abatement Reserve 178,557 0 0
11 Memphis Industrial Portfolio 0 0       0 0 0
11.01 Wolf Lake                
11.02 Stage Hills                
12 Prudential - Digital Realty Portfolio 0 0       0 0 0
12.01 14901 FAA Boulevard                
12.02 4650 Old Ironsides Drive                
12.03 43790 Devin Shafron Drive                
12.04 636 Pierce Street                
12.05 21551 Beaumeade Circle                
12.06 7505 Mason King Court                
12.07 4700 Old Ironsides Drive                
12.08 444 Toyama Drive                
13 California Mixed Use Portfolio 0 0       0 0 0
13.01 Daytona RV & Boat Storage                
13.02 Daytona Business Park                
13.03 Absolute Self Storage                
14 Danbury Commerce Portfolio 0 0 Cash     0 0 0
14.01 Delaware Commerce Park                
14.02 34 Executive Drive                
15 35 Claver Place 0 0 Cash     0 0 0
16 Aventura Mall 0 0 Cash   Free Rent/Gap Reserve 6,776,765 0 0
17 H Inc. Multifamily Portfolio 0 0 Cash     0 0 0
17.01 Motor Wheel Lofts                
17.02 JI Case Lofts                
18 Waterford Tulsa Apartments 0 0       0 0 0
19 Lakeside Pointe & Fox Club Apartments 0 0       0 0 0
19.01 Lakeside Pointe at Nora                
19.02 Fox Club Apartments                
20 Virginia Beach Hotel Portfolio 0 0 Cash   Parking and Retail Lease Reserve 0 Springing 0
20.01 Hilton Virginia Beach Oceanfront                
20.02 Hilton Garden Inn Virginia Beach Oceanfront                
21 Home Depot Technology Center 0 0 Cash   Outstanding Free Rent Reserve 361,170 0 0
22 Hampton Inn & Suites - Vineland Springing 0       0 0 0
23 The Tannery 0 0 Cash   Free Rent Reserve 135,313 0 0
24 Vernon Industrial  0 0       0 0 0
25 Liberty Portfolio 0 0 Cash   Ground Rent Reserve 77,257 77,257 0
25.01 Liberty Center at Rio Salado                
25.02 8501 East Raintree Drive                
26 Argenta Flats 0 0       0 0 0
27 Century Town Center 0 0 Cash     0 0 0
28 Home2 Suites - Franklin Cool Springs 0 0       0 0 0
29 Kennedy Road Marketplace 0 0       0 0 0
30 1400 Flat Gap Road 0 0 Cash     0 0 0
31 Fair Oaks Mall 0 0 Cash   Owned Anchor Reserve (Springing); Owned Anchor Termination Reserve (Springing) 0 Springing 0
32 Norriton Medical Center 0 0       0 0 0
33 Hampton Inn & Suites McKinney Springing 0 Cash     0 0 0
34 Kaden Tower 0 0       0 0 0
35 Buellton Self Storage 0 0       0 0 0
36 Hampton Inn & Suites - Sterling Heights 0 0 Cash     0 0 0
37 Heartland Village Apartments 0 0       0 0 0
38 CLC Self Storage Portfolio 0 0       0 0 0
38.01 Kangaroo II Self-Storage                
38.02 Apublix Self Storage - Sooner Road                
38.03 Apublix Self Storage - 10th Street                
39 33 Dart Road 0 0       0 0 0
40 Condor Self Storage of Ojai 0 0       0 0 0
41 225 Carolina  0 0       0 0 0
42 Fairmont Crossing 0 0       0 0 0
43 Infinite Self Storage 0 0       0 0 0
44 Willow Ridge 0 0       0 0 0
45 New London Square Springing 0     Unit 1437 Reserve 130,000 0 0
46 Walgreens - Georgetown, TX 0 0       0 0 0
47 Paso Robles Self Storage 0 0       0 0 0
48 Cartwright Pointe Plaza Springing 190,000       0 0 0
49 Safeway - Port Angeles 0 0       0 0 0
50 2011 & 2015 Abrams Road 0 0 Cash     0 0 0
51 Heron Lakes Apartments 0 0       0 0 0
52 Rochester Square Shopping Center 0 0       0 0 0

 

A-1-13

 

 

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

 

Mortgage Loan Number Property Name Other Escrow II Escrow - Cash or LoC Other  Escrow II - LoC Counterparty Holdback(13) Ownership Interest(5) Ground Lease Initial Expiration Date(14) Annual Ground Rent Payment(14) Annual Ground Rent Increases Lockbox(15) Whole Loan Cut-off Date Balance ($)(7) Whole Loan Debt Service ($) Subordinate Secured Debt Original Balance ($)
1 Miami Industrial Portfolio       Fee       Springing      
2 Sheraton Grand Nashville Downtown       Fee        Hard/Springing Cash Management      
3 Walgreens - Ginsberg Portfolio       Fee       Springing      
3.01 Walgreens - Alexandria, VA       Fee              
3.02 Walgreens - Atlanta, GA       Fee              
3.03 Walgreens - Burlington, NC       Fee              
3.04 Walgreens - Franklin, MA       Fee              
3.05 Walgreens - Chester, MD       Fee              
3.06 Walgreens - Laredo, TX       Fee              
4 Riverworks Cash   5,629,000 Fee        Hard/Springing Cash Management      
5 1000 Windward Concourse       Fee        Springing      
6 Starwood Hotel Portfolio       Fee       Soft/Springing Cash Management      
6.01 Renaissance St. Louis Airport Hotel       Fee              
6.02 Renaissance Des Moines Savery Hotel       Fee              
6.03 Residence Inn St. Louis Downtown       Fee              
6.04 Doubletree Hotel West Palm Beach Airport       Fee              
6.05 Courtyard Gulfport Beachfront       Fee              
6.06 Fairfield Inn Atlanta Downtown       Fee              
6.07 Hotel Indigo Chicago Vernon Hills       Fee              
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale       Fee              
6.09 Holiday Inn & Suites Green Bay Stadium       Fee              
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area       Fee              
6.11 Hilton Garden Inn Wichita       Fee              
6.12 Courtyard Norman       Fee              
6.13 Springhill Suites Scranton Wilkes Barre       Fee              
6.14 Courtyard Salisbury       Fee              
6.15 Homewood Suites St. Louis Riverport Airport West       Fee              
6.16 Residence Inn Rocky Mount       Fee              
6.17 Hampton Inn and Suites Wichita Northeast       Fee              
6.18 Residence Inn Salisbury       Fee              
6.19 Courtyard Rocky Mount       Fee              
6.20 Springhill Suites Wichita East at Plazzio       Fee              
6.21 Residence Inn Wichita East at Plazzio       Fee              
6.22 Hampton Inn Oklahoma City Northwest       Fee              
7 Franklin Towne Center       Fee        Hard/Springing Cash Management      
8 Christiana Mall       Fee and Leasehold 12/31/2028 $0   Hard/Springing Cash Management 550,000,000 1,987,750 212,000,000
9 Bella at Norcross       Fee       None      
10 1600 Terrell Mill Road Cash     Fee       Hard/Springing Cash Management      
11 Memphis Industrial Portfolio       Fee       Hard/Springing Cash Management      
11.01 Wolf Lake       Fee              
11.02 Stage Hills       Fee              
12 Prudential - Digital Realty Portfolio       Fee       Soft/Springing Cash Management      
12.01 14901 FAA Boulevard       Fee              
12.02 4650 Old Ironsides Drive       Fee              
12.03 43790 Devin Shafron Drive       Fee              
12.04 636 Pierce Street       Fee              
12.05 21551 Beaumeade Circle       Fee              
12.06 7505 Mason King Court       Fee              
12.07 4700 Old Ironsides Drive       Fee              
12.08 444 Toyama Drive       Fee              
13 California Mixed Use Portfolio       Fee        Soft/Springing Cash Management       
13.01 Daytona RV & Boat Storage       Fee              
13.02 Daytona Business Park       Fee              
13.03 Absolute Self Storage       Fee              
14 Danbury Commerce Portfolio       Fee        Soft/Upfront Cash Management      
14.01 Delaware Commerce Park       Fee               
14.02 34 Executive Drive       Fee               
15 35 Claver Place       Fee       Springing      
16 Aventura Mall Cash     Fee       Hard/Springing Cash Management 1,750,000,000 6,093,631 343,300,000
17 H Inc. Multifamily Portfolio       Fee       Springing      
17.01 Motor Wheel Lofts       Fee              
17.02 JI Case Lofts       Fee              
18 Waterford Tulsa Apartments     750,000 Fee        Soft/Springing Cash Management      
19 Lakeside Pointe & Fox Club Apartments       Fee        Soft/Springing Cash Management      
19.01 Lakeside Pointe at Nora       Fee               
19.02 Fox Club Apartments       Fee               
20 Virginia Beach Hotel Portfolio       Fee and Leasehold       Springing      
20.01 Hilton Virginia Beach Oceanfront       Fee and Leasehold              
20.02 Hilton Garden Inn Virginia Beach Oceanfront       Fee and Leasehold              
21 Home Depot Technology Center Cash     Fee       Hard/Springing Cash Management      
22 Hampton Inn & Suites - Vineland       Fee        Springing      
23 The Tannery Cash     Fee        Hard/Springing Cash Management      
24 Vernon Industrial        Fee       Springing      
25 Liberty Portfolio Cash     Fee and Leasehold Various Various Various Hard/Springing Cash Management      
25.01 Liberty Center at Rio Salado       Fee and Leasehold Various $916,929          
25.02 8501 East Raintree Drive       Fee              
26 Argenta Flats       Fee       Soft/Upfront Cash Management      
27 Century Town Center       Fee        Hard/Springing Cash Management      
28 Home2 Suites - Franklin Cool Springs       Fee       Springing      
29 Kennedy Road Marketplace     1,600,000 Fee        Springing      
30 1400 Flat Gap Road       Fee       Hard/Springing Cash Management      
31 Fair Oaks Mall       Fee       Hard/Springing Cash Management 258,066,704 1,446,681 85,000,000
32 Norriton Medical Center       Fee        Hard/Springing Cash Management      
33 Hampton Inn & Suites McKinney       Fee       Hard/Springing Cash Management      
34 Kaden Tower       Fee        Hard/Springing Cash Management      
35 Buellton Self Storage       Fee       None      
36 Hampton Inn & Suites - Sterling Heights       Fee       Springing      
37 Heartland Village Apartments       Fee        Soft/Springing Cash Management      
38 CLC Self Storage Portfolio       Fee       None      
38.01 Kangaroo II Self-Storage       Fee              
38.02 Apublix Self Storage - Sooner Road       Fee              
38.03 Apublix Self Storage - 10th Street       Fee              
39 33 Dart Road       Fee       Springing      
40 Condor Self Storage of Ojai       Fee       None      
41 225 Carolina        Fee        Hard/Springing Cash Management      
42 Fairmont Crossing       Fee       Springing      
43 Infinite Self Storage       Fee       None      
44 Willow Ridge       Fee        Springing      
45 New London Square Cash     Fee       None      
46 Walgreens - Georgetown, TX       Fee       Springing      
47 Paso Robles Self Storage       Fee       None      
48 Cartwright Pointe Plaza       Fee       Springing      
49 Safeway - Port Angeles       Fee       Springing      
50 2011 & 2015 Abrams Road       Fee       Springing      
51 Heron Lakes Apartments       Fee       Springing      
52 Rochester Square Shopping Center       Fee       None      

 

A-1-14

 

 

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

 

Mortgage Loan Number Property Name Subordinate Secured Debt Cut-off Date Balance ($) Whole Loan U/W NOI DSCR (x) Whole Loan U/W NCF DSCR (x) Whole Loan Cut-off Date LTV Ratio Whole Loan Cut-off Date U/W NOI Debt Yield Whole Loan Cut-off Date U/W NCF Debt Yield Mezzanine Debt Cut-off Date Balance($)
1 Miami Industrial Portfolio              
2 Sheraton Grand Nashville Downtown              
3 Walgreens - Ginsberg Portfolio              
3.01 Walgreens - Alexandria, VA              
3.02 Walgreens - Atlanta, GA              
3.03 Walgreens - Burlington, NC              
3.04 Walgreens - Franklin, MA              
3.05 Walgreens - Chester, MD              
3.06 Walgreens - Laredo, TX              
4 Riverworks              
5 1000 Windward Concourse              
6 Starwood Hotel Portfolio              
6.01 Renaissance St. Louis Airport Hotel              
6.02 Renaissance Des Moines Savery Hotel              
6.03 Residence Inn St. Louis Downtown              
6.04 Doubletree Hotel West Palm Beach Airport              
6.05 Courtyard Gulfport Beachfront              
6.06 Fairfield Inn Atlanta Downtown              
6.07 Hotel Indigo Chicago Vernon Hills              
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale              
6.09 Holiday Inn & Suites Green Bay Stadium              
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area              
6.11 Hilton Garden Inn Wichita              
6.12 Courtyard Norman              
6.13 Springhill Suites Scranton Wilkes Barre              
6.14 Courtyard Salisbury              
6.15 Homewood Suites St. Louis Riverport Airport West              
6.16 Residence Inn Rocky Mount              
6.17 Hampton Inn and Suites Wichita Northeast              
6.18 Residence Inn Salisbury              
6.19 Courtyard Rocky Mount              
6.20 Springhill Suites Wichita East at Plazzio              
6.21 Residence Inn Wichita East at Plazzio              
6.22 Hampton Inn Oklahoma City Northwest              
7 Franklin Towne Center              
8 Christiana Mall 212,000,000 1.96 1.93 52.9% 8.5% 8.4%  
9 Bella at Norcross              
10 1600 Terrell Mill Road              
11 Memphis Industrial Portfolio             5,500,000
11.01 Wolf Lake             2,825,195
11.02 Stage Hills             2,674,805
12 Prudential - Digital Realty Portfolio              
12.01 14901 FAA Boulevard              
12.02 4650 Old Ironsides Drive              
12.03 43790 Devin Shafron Drive              
12.04 636 Pierce Street              
12.05 21551 Beaumeade Circle              
12.06 7505 Mason King Court              
12.07 4700 Old Ironsides Drive              
12.08 444 Toyama Drive              
13 California Mixed Use Portfolio              
13.01 Daytona RV & Boat Storage              
13.02 Daytona Business Park              
13.03 Absolute Self Storage              
14 Danbury Commerce Portfolio             7,000,000
14.01 Delaware Commerce Park             5,550,000
14.02 34 Executive Drive             1,450,000
15 35 Claver Place             2,500,000
16 Aventura Mall 343,300,000 2.12 2.07 50.7% 8.8% 8.7%  
17 H Inc. Multifamily Portfolio              
17.01 Motor Wheel Lofts              
17.02 JI Case Lofts              
18 Waterford Tulsa Apartments              
19 Lakeside Pointe & Fox Club Apartments              
19.01 Lakeside Pointe at Nora              
19.02 Fox Club Apartments              
20 Virginia Beach Hotel Portfolio              
20.01 Hilton Virginia Beach Oceanfront              
20.02 Hilton Garden Inn Virginia Beach Oceanfront              
21 Home Depot Technology Center              
22 Hampton Inn & Suites - Vineland              
23 The Tannery              
24 Vernon Industrial               
25 Liberty Portfolio              
25.01 Liberty Center at Rio Salado              
25.02 8501 East Raintree Drive              
26 Argenta Flats             1,100,000
27 Century Town Center              
28 Home2 Suites - Franklin Cool Springs              
29 Kennedy Road Marketplace              
30 1400 Flat Gap Road              
31 Fair Oaks Mall 84,367,961 1.72 1.64 47.3% 11.6% 11.0%  
32 Norriton Medical Center              
33 Hampton Inn & Suites McKinney              
34 Kaden Tower              
35 Buellton Self Storage              
36 Hampton Inn & Suites - Sterling Heights              
37 Heartland Village Apartments              
38 CLC Self Storage Portfolio              
38.01 Kangaroo II Self-Storage              
38.02 Apublix Self Storage - Sooner Road              
38.03 Apublix Self Storage - 10th Street              
39 33 Dart Road              
40 Condor Self Storage of Ojai              
41 225 Carolina               
42 Fairmont Crossing              
43 Infinite Self Storage              
44 Willow Ridge              
45 New London Square              
46 Walgreens - Georgetown, TX              
47 Paso Robles Self Storage              
48 Cartwright Pointe Plaza              
49 Safeway - Port Angeles              
50 2011 & 2015 Abrams Road              
51 Heron Lakes Apartments              
52 Rochester Square Shopping Center              

 

A-1-15

 

 

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

 

Mortgage Loan Number Property Name Sponsor(16) Affiliated Sponsors Mortgage Loan Number
1 Miami Industrial Portfolio Francis Greenburger   1
2 Sheraton Grand Nashville Downtown JRK-Holdings, Limited Parternship; James M. Lippman   2
3 Walgreens - Ginsberg Portfolio Morton Ginsberg   3
3.01 Walgreens - Alexandria, VA     3.01
3.02 Walgreens - Atlanta, GA     3.02
3.03 Walgreens - Burlington, NC     3.03
3.04 Walgreens - Franklin, MA     3.04
3.05 Walgreens - Chester, MD     3.05
3.06 Walgreens - Laredo, TX     3.06
4 Riverworks GEM Realty Evergreen Fund, L.P.; GEM Realty Evergreen Fund PF-NM, L.P.   4
5 1000 Windward Concourse Sebastian Barbagallo   5
6 Starwood Hotel Portfolio SCG Hotel Investors Holdings L.P.   6
6.01 Renaissance St. Louis Airport Hotel     6.01
6.02 Renaissance Des Moines Savery Hotel     6.02
6.03 Residence Inn St. Louis Downtown     6.03
6.04 Doubletree Hotel West Palm Beach Airport     6.04
6.05 Courtyard Gulfport Beachfront     6.05
6.06 Fairfield Inn Atlanta Downtown     6.06
6.07 Hotel Indigo Chicago Vernon Hills     6.07
6.08 Springhill Suites Chicago Southwest at Burr Ridge Hinsdale     6.08
6.09 Holiday Inn & Suites Green Bay Stadium     6.09
6.10 Springhill Suites Chicago Elmhurst Oakbrook Area     6.10
6.11 Hilton Garden Inn Wichita     6.11
6.12 Courtyard Norman     6.12
6.13 Springhill Suites Scranton Wilkes Barre     6.13
6.14 Courtyard Salisbury     6.14
6.15 Homewood Suites St. Louis Riverport Airport West     6.15
6.16 Residence Inn Rocky Mount     6.16
6.17 Hampton Inn and Suites Wichita Northeast     6.17
6.18 Residence Inn Salisbury     6.18
6.19 Courtyard Rocky Mount     6.19
6.20 Springhill Suites Wichita East at Plazzio     6.20
6.21 Residence Inn Wichita East at Plazzio     6.21
6.22 Hampton Inn Oklahoma City Northwest     6.22
7 Franklin Towne Center Michael Levine; Uri Moche   7
8 Christiana Mall GGP Inc.; PPF Retail, LLC   8
9 Bella at Norcross Gideon D. Levy   9
10 1600 Terrell Mill Road Asher Roshanzamir   10
11 Memphis Industrial Portfolio D. Curtis Wegener   11
11.01 Wolf Lake     11.01
11.02 Stage Hills     11.02
12 Prudential - Digital Realty Portfolio Digital Realty Trust, L.P.   12
12.01 14901 FAA Boulevard     12.01
12.02 4650 Old Ironsides Drive     12.02
12.03 43790 Devin Shafron Drive     12.03
12.04 636 Pierce Street     12.04
12.05 21551 Beaumeade Circle     12.05
12.06 7505 Mason King Court     12.06
12.07 4700 Old Ironsides Drive     12.07
12.08 444 Toyama Drive     12.08
13 California Mixed Use Portfolio DT GRAT LM, LLC   13
13.01 Daytona RV & Boat Storage     13.01
13.02 Daytona Business Park     13.02
13.03 Absolute Self Storage     13.03
14 Danbury Commerce Portfolio Melvyn J. Powers; Mary P. Powers   14
14.01 Delaware Commerce Park     14.01
14.02 34 Executive Drive     14.02
15 35 Claver Place Joseph Banda; Perl Weisz   15
16 Aventura Mall Simon Property Group, L.P.; Jacquelyn Soffer; Jeffrey Soffer   16
17 H Inc. Multifamily Portfolio Harry H. Hepler   17
17.01 Motor Wheel Lofts     17.01
17.02 JI Case Lofts     17.02
18 Waterford Tulsa Apartments C.N. David Reischer; Marc Kulick   18
19 Lakeside Pointe & Fox Club Apartments JPC Charities; Oron Zarum   19
19.01 Lakeside Pointe at Nora     19.01
19.02 Fox Club Apartments     19.02
20 Virginia Beach Hotel Portfolio Neil P. Amin; Jay B. Shah   20
20.01 Hilton Virginia Beach Oceanfront     20.01
20.02 Hilton Garden Inn Virginia Beach Oceanfront     20.02
21 Home Depot Technology Center SSP Newmarket, LLC; SM Newmarket Manager, LLC; Centerlane MTC Atlanta, LLC   21
22 Hampton Inn & Suites - Vineland Ed Roth; Henry Roth   22
23 The Tannery Jeffrey Siegel   23
24 Vernon Industrial  Mehrdad Moghavem; The Hutton Trust Dated October 14, 2003; Niloofar Moghavem; Charles Rahban; The Charles and Natasha Rahban Living Trust Dated June 27, 1997; Natasha Rahban   24
25 Liberty Portfolio Bruce Karsh   25
25.01 Liberty Center at Rio Salado     25.01
25.02 8501 East Raintree Drive     25.02
26 Argenta Flats Nathan Salter; J. Brent Salter; Harold Tenenbaum; Jack Grundfest; Joshua Shemper   26
27 Century Town Center Abraham Avi Nechemia; Ehud Nahum   27
28 Home2 Suites - Franklin Cool Springs Mitul I. Patel   28
29 Kennedy Road Marketplace JBL Asset Management   29
30 1400 Flat Gap Road Eliahou S. Zami; Kenneth N. Cohen   30
31 Fair Oaks Mall The Taubman Realty Group Limited Partnership; Morton Olshan   31
32 Norriton Medical Center Shlomo Tajerstein   32
33 Hampton Inn & Suites McKinney Dr. Akash Patel; Bhavin Patel; Pramod Patel; Chintan Patel   33
34 Kaden Tower Dennis Udwin; Charles Stein   34
35 Buellton Self Storage William B. Kendall; Kendall 2000 Family Trust; Richard Ortale Y - Group 1 35
36 Hampton Inn & Suites - Sterling Heights Malik Abdulnoor; Jimmy R. Asmar   36
37 Heartland Village Apartments Gopal Damodarasamy Sadagopal; Ryan Schmidt; Jacob Lipp   37
38 CLC Self Storage Portfolio Lawrence Kaplan; George Thacker, III; Richard Schontz   38
38.01 Kangaroo II Self-Storage     38.01
38.02 Apublix Self Storage - Sooner Road     38.02
38.03 Apublix Self Storage - 10th Street     38.03
39 33 Dart Road Steven M. Rhodes   39
40 Condor Self Storage of Ojai William B. Kendall; Kendall 2000 Family Trust; Richard Ortale Y - Group 1 40
41 225 Carolina  Danny Benedict   41
42 Fairmont Crossing Ted L. Barr; Joseph G. Greulich; Benjamin D. Sheridan   42
43 Infinite Self Storage Jeffrey L. Kittle Trust U/T/D December 5, 2003; Jeffrey L. Kittle   43
44 Willow Ridge Matthew Lester   44
45 New London Square Rose Jarboe   45
46 Walgreens - Georgetown, TX Lawrence R. Kahn; Joanne F. Kahn   46
47 Paso Robles Self Storage William B. Kendall; Kendall 2000 Family Trust; Richard Ortale Y - Group 1 47
48 Cartwright Pointe Plaza Brad Scott; Brad Scott Trust dated February 5, 1997   48
49 Safeway - Port Angeles Brent A. Tucker; Nikki L. Beilfuss; Nikki L. Beilfuss Trust   49
50 2011 & 2015 Abrams Road Steven A. Lieberman; Six Square Capital, LTD.   50
51 Heron Lakes Apartments Robert M. Dominy, Jr.   51
52 Rochester Square Shopping Center The Farbman Family, LLC; David Kahan   52

 

A-1-16

 

 

FOOTNOTES TO ANNEX A-1

 

See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans.

 

(1)“AREF” denotes Argentic Real Estate Finance LLC, “WFB” denotes Wells Fargo Bank, National Association, “Barclays” denotes Barclays Bank PLC, “Basis” denotes Basis Real Estate Capital II, LLC and “BSPRT” denotes BSPRT Finance, LLC.

 

(2)For mortgage loan #1 (Miami Industrial Portfolio), the Number of Units and Occupancy % include two mortgaged properties (486,853 and 258,744 square feet) located approximately one mile apart, which are owned and operated as a single asset by the borrower sponsor. The Number of Units consists of 635,894 square feet of industrial warehouse space and 109,703 square feet of showroom space.

 

For mortgage loan #37 (Heartland Village Apartments), the Heartland Village Apartments Mortgaged Property is entirely occupied by students.

 

(3)For mortgage loan #10 (1600 Terrell Mill Road), the 24-month interest-only period commences on August 6, 2022 and ends on July 6, 2024.

 

(4)For mortgage loan #8 (Christiana Mall), the late payment charge will be waived by the lender for the first three late payments provided that the borrower commences timely payment of interest at the default rate.

 

(5)For mortgage loan #6 (Starwood Hotel Portfolio), the Appraised Value presented for the Starwood Hotel Portfolio Mortgage Loan reflects a portfolio level appraisal, which includes a diversity premium based on an assumption that all the Starwood Hotel Portfolio Mortgaged Properties would be sold together as a portfolio. The aggregate of the individual Starwood Hotel Portfolio Mortgaged Property appraised values is $377,700,000. In addition, the Renaissance Des Moines Savery Hotel Mortgaged Property Appraised Value assumes a property improvement plan (“PIP”) scheduled for completion in September 2019 has been completed. All outstanding PIP costs have been reserved for at origination. The appraised value assuming the PIP for the Renaissance Des Moines Savery Hotel Mortgaged Property has not been completed is $27,700,000.

 

For mortgage loan #6 (Starwood Hotel Portfolio), the Renaissance Des Moines Savery Hotel Mortgaged Property has been offline for renovations since August 2016 and partially reopened in October 2018 and is expected to fully reopen in December 2018. The underwritten values for the Mortgaged Property are based on estimates in the related appraisal.

 

For mortgage loan #7 (Franklin Towne Center), the lien of the Franklin Towne Center Mortgaged Property includes the borrower’s fee interest in the land but does not include the improvements (although the borrower owns the improvements). The terms of the net lease with Stop & Shop prohibit the borrower from mortgaging the improvements. The Cut-off Date LTV and Balloon LTV are based on the appraised value of $47,800,000, which includes the improvements. The appraised value of the land (if such land were subject to a ground lease pursuant to which the ground tenant would be responsible for the costs of constructing the improvements thereon, if any) is $35,500,000, which would result in a Cut-off Date LTV and Balloon LTV of 81.7% and 57.3%, respectively.

 

For mortgage loan #20 (Virginia Beach Hotel Portfolio), the August 1, 2019 Stabilized Appraised Value of $45,600,000 for the Hilton Garden Inn Virginia Beach Oceanfront Mortgaged Property assumes that $1,000,000 (50.0% of expected PIP work) would be escrowed by the lender and would be available to a prospective buyer to fund the PIP work at the Hilton Garden Inn Virginia

 

A-1-17

 

 

Beach Oceanfront Mortgaged Property. The Virginia Beach Hotel Portfolio borrowers deposited upfront PIP reserves totalling $741,954, which represents 50.0% of the engineer’s updated estimated costs of the remaining PIP work of $1,483,907. The balance of the remaining PIP work will be funded by the monthly FF&E reserve in an amount of 1/12th of 5.0% of the gross income from operations (initially $104,329 for the portfolio). For the Hilton Garden Inn Virginia Beach Oceanfront Mortgaged Property, the appraiser concluded an as-is appraised value without the PIP assumption of $44,600,000, which results in a total appraised value for the Virginia Beach Hotel Portfolio of $129,400,000, and a Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD of 69.6% and 60.0%, respectively.

 

For mortgage loan #36 (Hampton Inn & Suites - Sterling Heights), the Appraised Value represents the “As-Stabilized” value, assuming the self-directed performance improvement plan, which is expected to be completed by January 1, 2019, has been completed. The “As-Is” appraised value assuming the self-directed performance improvement plan has not been completed, is $11,800,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $11,800,000 “As-Is” appraised value are 63.6% and 53.5%, respectively.

 

(6)For mortgage loan #2 (Sheraton Grand Nashville Downtown), 23.2% of the total revenue at the Sheraton Grand Nashville Downtown Mortgaged Property is generated by food and beverage components.

 

(7)For mortgage loan #2 (Sheraton Grand Nashville Downtown), the Sheraton Grand Nashville Downtown Mortgage Loan is evidenced by Notes A-2, A-5 and A-7, three of eight pari passu notes of the Sheraton Grand Nashville Downtown Whole Loan (as defined below), which had a combined Cut-off Date Balance of $160,000,000. Notes A-1, A-3, A-4, A-6, and A-8 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Room/SF figures presented are based on Notes A-1, A-2, A-3, A-4, A-5, A-6, A-7 and A-8 in the aggregate (the “Sheraton Grand Nashville Downtown Whole Loan”). Note A-2 represents the controlling interest in the Sheraton Grand Nashville Downtown Whole Loan.

 

For mortgage loan #6 (Starwood Hotel Portfolio), the Starwood Hotel Portfolio Mortgage Loan is evidenced by Note A-4, one of four pari passu notes of the Starwood Hotel Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $265,000,000. Notes A-1, A-2 and A-3 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2, A-3 and A-4 in the aggregate (the “Starwood Hotel Portfolio Whole Loan”). Note A-4 represents the non-controlling interest in the Starwood Hotel Portfolio Whole Loan.

 

For mortgage loan #8 (Christiana Mall), the Christiana Mall Mortgage Loan is evidenced by Note A-1-D, one of 13 pari passu senior notes, which had a combined Cut-off Date Balance of $338,000,000, of a whole loan (the “Christiana Mall Whole Loan”) consisting of such pari passu senior notes and three pari passu subordinate B-notes, which had a combined Cut-off Date Balance of $212,000,000. Notes A-1-A, A-1-B, A-1-C, A-1-E, A-2-A, A-2-B, A-2-C, A-2-D, A-2-E, A-3-A, A-3-B, A-3-C, B-1, B-2 and B-3 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1-A, A-1-B, A-1-C, A-1-D, A-1-E, A-2-A, A-2-B, A-2-C, A-2-D, A-2-E, A-3-A, A-3-B and A-3-C in the aggregate, but exclude notes B-1, B-2 and B-3. Note A-1-A represents the controlling interest in the Christiana Mall Whole Loan.

 

For mortgage loan #12 (Prudential – Digital Realty Portfolio), the Prudential – Digital Realty Portfolio Mortgage Loan is evidenced by a non-controlling pari passu Note A-5 of the Prudential – Digital Realty Portfolio Whole Loan, which note had a Cut-off Date Balance of $25,000,000. The Prudential – Digital Realty Portfolio Mortgage Loan is comprised of six pari passu notes, which had a combined Cut-off Date Balance of $212,000,000. Notes A-1, A-2-1, A-2-2, A-3 and A-4 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance Per Unit/SF figures presented are based on the Prudential – Digital Realty Portfolio Whole Loan.

 

A-1-18

 

 

For mortgage loan #14 (Danbury Commerce Portfolio), the Danbury Commerce Portfolio Mortgage Loan represents Note A-2 of two pari passu notes of the Danbury Commerce Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $38,000,000. Note A-1 is not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “Danbury Commerce Portfolio Whole Loan”). Note A-2 represents the controlling interest in the Danbury Commerce Portfolio Whole Loan.

 

For mortgage loan #16 (Aventura Mall), the Aventura Mall Mortgage Loan is evidenced by Note A-2-D-5, one of 26 pari passu senior notes, which had a combined Cut-off Date Balance of $1,406,700,000, of a whole loan (the “Aventura Mall Whole Loan”) consisting of such pari passu senior notes and four pari passu subordinate notes which had a combined Cut-off Date Balance of $343,300,000. The other notes are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on all the 26 pari passu senior notes in the aggregate, but exclude the pari passu subordinate notes. Note A-2-D-5 represents a non-controlling interest in the Aventura Mall Whole Loan.

 

For mortgage loan #19 (Lakeside Pointe & Fox Club Apartments), the Lakeside Pointe & Fox Club Apartments Mortgage Loan is evidenced by Note A-1 of two pari passu notes of the Lakeside Pointe & Fox Club Apartments Whole Loan (as defined below), which have a combined Cut-off Date Balance of $32,000,000. Note A-2 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “Lakeside Pointe & Fox Club Apartments Whole Loan”). Note A-1 represents the controlling interest in the Lakeside Pointe & Fox Club Apartments Whole Loan.

 

For mortgage loan #20 (Virginia Beach Hotel Portfolio), the Virginia Beach Hotel Portfolio Mortgage Loan is evidenced by Note A-3, one of three pari passu notes of the Virginia Beach Hotel Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $90,000,000. Notes A-1 and A-2 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate (the “Virginia Beach Hotel Portfolio Whole Loan”). Note A-1 represents the controlling interest in the Virginia Beach Hotel Portfolio Whole Loan.

 

For mortgage loan #21 (Home Depot Technology Center), the Home Depot Technology Center Mortgage Loan is evidenced by Note A-2, one of two pari passu notes of the Home Depot Technology Center Whole Loan (as defined below), which had a combined Cut-off Date Balance of $44,300,000. Note A-1 is not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “Home Depot Technology Center Whole Loan”). Note A-1 represents the controlling interest in the Home Depot Technology Center Whole Loan.

 

For mortgage loan #25 (Liberty Portfolio), the Liberty Portfolio Mortgage Loan is evidenced by Note A-5, one of eight pari passu notes of the Liberty Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $165,700,000. Notes A-1, A-2, A-3, A-4, A-6, A-7 and A-8 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2, A-3, A-4, A-5, A-6, A-7 and A-8 in the aggregate (the “Liberty Portfolio Whole Loan”). Note A-1 represents the controlling interest in the Liberty Portfolio Whole Loan.

 

For mortgage loan #31 (Fair Oaks Mall), the Fair Oaks Mall Mortgage Loan is evidenced by Note A-2-4, one of six pari passu senior notes, which had a combined Cut-off Date Balance of $173,698,743, of a whole loan (the “Fair Oaks Mall Whole Loan”). consisting of such pari passu senior notes and two pari passu subordinate B-notes which had a combined Cut-off Date Balance of $84,367,961. Notes A-1-1, A-1-2, A-2-1, A-2-2, A-2-3, B-1 and B-2 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1-1, A-1-2, A-2-1, A-2-2, A-2-3 and A-2-4 in the aggregate, but exclude Notes B-1 and B-2. Note A-1-1 represents the controlling interest in the

 

A-1-19

 

 

Fair Oaks Mall Whole Loan. With respect to DSCR figures, debt service is calculated based on the allocated principal and interest payments per a specific amortization schedule.

 

(8)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 (Riverworks), the fifth largest tenant (14,230 square feet), representing 7.1% of net rentable square feet, has taken possession but has fully abated rent through June 2019, and then partially abated rent amount through December 2019. All outstanding free rent, tenant improvements and leasing commissions were reserved for at origination.

 

For mortgage loan #23 (The Tannery), the fifth largest tenant (7,280 square feet), representing 11.1% of net rentable square feet, has executed a lease and has taken occupancy, but does not commence paying rent until January 2019. The third largest tenant (10,476 square feet), representing 16.0% of net rentable square feet, will begin paying rent on May 1, 2019, after a four-month rent abatement period.

 

For mortgage loan #27 (Century Town Center), the fourth largest tenant (5,347 square feet), representing 5.4% of net rentable square feet, has executed a lease and has started paying rent but is not expected to take occupancy until February 28, 2019, pending the build-out of its leased space.

 

(9)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 #1 (Miami Industrial Portfolio), the second largest tenant (20,846 square feet), representing 2.8% of the net rentable square feet, has two separate expiration dates for its combined 20,846 square feet of space: 16,625 square feet will expire on September 30, 2019 and 4,221 square feet will expire on November 30, 2020.

 

For mortgage loan #3 (Walgreens – Ginsberg Portfolio), the sole tenant at each Walgreens – Ginsberg Portfolio Mortgaged Property, representing 100.0% of net rentable square feet of the Walgreens – Ginsberg Portfolio, may terminate its lease. The sole tenants at the Walgreens – Alexandria, VA Mortgaged Property (14,469 square feet) and Walgreens – Atlanta, GA Mortgaged Property (14,110 square feet), each may terminate its lease as of October 31, 2033 and March 31, 2035, respectively, and every five years thereafter, upon providing six months’ written notice. The sole tenant at the Walgreens – Burlington, NC Mortgaged Property (14,550 square feet), may terminate its lease as of November 30, 2033 and every five years thereafter, upon providing 12 months’ written notice. The sole tenants at the Walgreens – Franklin, MA Mortgaged Property (14,550 square feet), the Walgreens – Chester, MD Mortgaged Property (14,550 square feet) and the Walgreens – Laredo, TX Mortgaged Property (14,820 square feet), may each terminate its lease monthly on or after January 31, 2035, April 30, 2035 and April 30, 2034, respectively, upon providing 12 months’ written notice.

 

For mortgage loan #5 (1000 Windward Concourse), the largest tenant (140,255 square feet), representing 55.8% of net rentable square feet, may terminate its lease with respect to up to 10.0% of the then rentable area of its premises at any time after December 31, 2019, upon nine months’ prior notice.

 

For mortgage loan #10 (1600 Terrell Mill Road), the second largest tenant (112,729 square feet), representing 44.8% of net rentable square feet, may terminate 50,972 square feet of its space as of August 31, 2023 upon providing notice by August 31, 2022 and paying a termination fee equal to all unamortized tenant improvement allowance, landlord work and leasing commissions.

 

A-1-20

 

 

For mortgage loan #11 (Memphis Industrial Portfolio), the second largest tenant (31,320 square feet), representing 6.7% of net rentable square feet, may terminate its lease in December 2020 with 180 days’ notice and payment of a termination fee equal to $391,441 at least 60 days prior to the termination date.

 

For mortgage loan #12 (Prudential – Digital Realty Portfolio), the sole tenant at the 7505 Mason King Court Mortgaged Property has a one-time right to terminate its lease effective on December 31, 2020, with nine months’ prior written notice, and payment of a termination fee equal to unamortized tenant improvement costs and leasing commissions.

 

For mortgage loan #13 (California Mixed Use Portfolio), with respect to the Daytona Business Park Mortgaged Property, the second largest tenant is occupying two spaces of 21,000 square feet and 17,473 square feet. The lease expiration dates for these spaces are May 31, 2021 and September 30, 2022, respectively.

 

For the mortgage loan #21 (Home Depot Technology Center), the second largest tenant, (36,829 square feet), representing 10.6% of net rentable square feet, has a one-time option to terminate its lease effective as of August 31, 2026 after giving 360 days written notice and payment to the landlord in an amount equal to $727,786.28.

 

For mortgage loan #23 (The Tannery), the second largest tenant (12,923 square feet), representing 19.8% of net rentable square feet, may terminate its lease after July 1, 2024 upon, among other things, 12 months’ prior notice and payment of a termination fee equal to unamortized cost of landlord work and five months of base rent. The fifth largest tenant (7,280 square feet), representing 11.1% of net rentable square feet, may terminate its lease if the landlord does not deliver their space with landlord’s work substanitally complete by February 28, 2019.

 

For mortgage loan #25 (Liberty Portfolio), with respect to the Liberty Center at Rio Salado Mortgaged Property, the largest tenant (352,988 square feet), representing 43.8% of the net rentable square feet, has three separate expiration dates for its combined 352,988 square feet of space: 77,867 square feet will expire on January 22, 2028, 236,131 square feet will expire on January 31, 2028 and 38,990 square feet will expire on December 31, 2028.

 

For mortgage loan #31 (Fair Oaks Mall), the third largest tenant (20,265 square feet), representing 2.6% of net rentable square feet, has a termination option if it fails to achieve gross sales of at least $6,000,000 for the period from March 28, 2021 to March 29, 2022, effective as of March 29, 2023.

 

For mortgage loan #32 (Norriton Medical Center), the largest tenant (11,249 square feet), representing 15.2% of net rentable square feet, may terminate its lease on certain expansion space (2,486 square feet) on March 2020, provided that (i) such tenant provides the borrower with written notice of its intent to terminate the lease at least six months prior to the termination date, and (ii) the termination notice is accompanied by a termination fee in the amount of $17,000. The third largest tenant (5,988 square feet), representing 8.1% of net rentable square feet, may terminate its lease on May 1, 2023 provided 270 days’ prior written notice is given along with a termination fee equal to the sum of the unamortized portions of the landlord’s work and brokerage commission. These costs will be amortized at an 8.0% interest rate.


For mortgage loan #34 (Kaden Tower), the fourth largest tenant (8,542 square feet), representing 9.8% of net rentable square feet, may terminate its lease any time after August 31, 2021 with 30 days prior written notice.

 

For mortgage loan #42 (Fairmont Crossing), the largest tenant (7,070 square feet), representing 24.3% of the net rentable square feet, is a medical office space.

 

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For mortgage loan #45 (New London Square), the second largest tenant (10,605 square feet), representing 11.9% of net rentable square feet, may reduce its space or terminate its lease as of February 29, 2020, upon providing notice by October 31, 2019.

 

For mortgage loan #46 (Walgreens – Georgetown, TX), the sole tenant has a right to terminate its lease any time after January 31, 2037, with 12 months’ prior written notice.

 

For mortgage loan #48 (Cartwright Pointe Plaza), the largest tenant (19,137 square feet), representing 26.0% of net rentable square feet, may terminate its lease if its gross sales in the lease year ending January 31, 2020 do not exceed $6,500,000, upon 120 days’ written notice, delivered within 365 days following the lease year ending January 31, 2020.

       

(10)For mortgage loan #4 (Riverworks), the largest tenant (44,170 square feet), representing 21.9% of net rentable square feet, has subleased 36,291 square feet of its space (which may include additional square footage of mezzanine space) for a base rent of $29.00 per square foot, which will increase to $35.00 per square foot in July 2019, and 10,501 square feet of its space for a base rent of $37.50 per square foot, pursuant to two subleases that are coterminous with the prime lease expiring in October 2020. The largest tenant remains responsible for all obligations, including the payment of rent, under the prime lease.

 

For mortgage loan #7 (Franklin Towne Center), the sole tenant relocated to an adjacent property in 2005 but entered into a net lease with the borrower at the Franklin Towne Center Mortgaged Property for a term expiring in 2030 for purposes of preventing a market competitor from leasing such space. The sole tenant is not in occupancy of and subleases portions of its space to approximately seventeen individual retail subtenants (representing approximately 50% of the net rentable area at the Franklin Towne Center Mortgaged Property) with varying expiration dates. The sole tenant remains responsible for all obligations, including the payment of rent, under the prime lease.

 

For mortgage loan #10 (1600 Terrell Mill Road), the second largest tenant (112,729 square feet), representing 44.8% of net rentable square feet, has multiple lease expirations. 61,757 net rentable square feet expires in August 2023 and 50,972 net rentable square feet expires in August 2026. The tenant is currently paying rent on the 50,972 square foot portion, which is currently being built out, with the final anticipated completion in February 2019.

 

For mortgage loan #11 (Memphis Industrial Portfolio), 12 tenants (41,646 square feet), representing 8.9% of net rentable square feet, have lease expirations prior to June 30, 2019. The loan guarantor has entered into a master lease that may be drawn upon to cover debt service.

 

For mortgage loan #14 (Danbury Commerce Portfolio), the fifth largest tenant at the Delaware Commerce Park Mortgaged Property (23,400 square feet), representing 6.2% of net rentable square feet of the Delaware Commerce Park Mortgaged Property, has multiple leases that expire as follows: 16,400 square feet expire on 3/31/2024 and 7,000 square feet expire on 12/31/2019.

 

For mortgage loan #41 (225 Carolina), the largest tenant (25,985 square feet), representing 64.1% of net rentable square feet, has multiple leases that expire as follows: 15,876 square feet expire on 4/30/2026, 9,399 square feet expire on 12/31/2027 and 710 square feet expire on 7/31/2027.

 

(11)For mortgage loan #10 (1600 Terrell Mill Road), the second largest tenant (112,729 square feet), representing 44.8% of net rentable square feet, was granted a rent abatement on 50,972 square feet of its space equal to one month of free rent applied each June through the end of the lease term. A rent abatement reserve equal to $178,556.62 was taken at loan origination.

 

For mortgage loan #20 (Virginia Beach Hotel Portfolio), the monthly FF&E reserve will be in an amount equal to 1/12th of 5% of room revenues of the Virginia Beach Hotel Portfolio Mortgaged Property until completion of the required PIP work as confirmed by the lender. Thereafter the borrower will be required to make monthly deposits into the FF&E reserve account in an amount

 

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equal to the greater of 1/12th of 4% of total room revenues of the Virginia Beach Hotel Portfolio Mortgaged Property or the amount required to be reserved for FF&E expenditures or ongoing or future PIPs. Upon completion of the required PIP work, monthly deposits to the FF&E reserve account will be capped at three years’ worth of collections.

 

For the mortgage loan #21 (Home Depot Technology Center), the second largest tenant (36,829 square feet), representing 10.6% of net rentable square feet, has a rent abatement period from January 1, 2019 through August 1, 2019, in the amount of $45,146 per month. A rent abatement reserve in the amount of $361,170 was escrowed at closing.

 

For mortgage loan #33 (Hampton Inn & Suites McKinney), the monthly replacement reserve, to be adjusted annually each January, is equal to the greater of: (i) 1/12th of 4% of the actual annual gross income and (ii) such amount required by the related franchisor, but in no event may the monthly replacement reserve be less than the initial monthly replacement reserve of $8,709. Collection of the monthly replacement reserve will commence on December 1, 2018.

 

For mortgage loan #36 (Hampton Inn & Suites – Sterling Heights), the Monthly Replacement Reserve, to be adjusted annually each January, is equal to the greater of: (i) 1/12th of 4% of the actual annual gross income and (ii) such amount required by the related franchisor, but in no event may the Monthly Replacement Reserve be less than the initial Monthly Replacement Reserve of $8,875. Collection of the Monthly Replacement Reserve will commence on January 1, 2019.

 

(12)For mortgage loan #1 (Miami Industrial Portfolio), TI/LC underwriting is inclusive of a straight-line credit for the upfront TI/LC reserve equal to $30,000, which is 10.0% of the upfront TI/LC reserve of $300,000. At the Miami Industrial Portfolio Mortgage Loan origination, $300,000 was deposited into a tenant improvement and leasing commission reserve account for future re-tenanting expenses.

 

For mortgage loan #20 (Virginia Beach Hotel Portfolio), the historical F&B revenues have been normalized to reflect the new borrower-affiliated F&B lease that commenced at loan origination. At the Virginia Beach Hotel Portfolio Mortgage Loan origination, the borrower leased out all F&B operations of the restaurants in the portfolio to Shamin-TLV Inc., an affiliate of the borrower.

 

(13)For mortgage loan #4 (Riverworks), all LTV, DSCR and Debt Yield figures are calculated assuming the loan amount less a $5,629,000 letter of credit, which the borrower delivered as additional colleteral in lieu of an earnout holdback. The letter of credit can be disbursed in whole or in part if no event of default has occurred and is continuing and the earnout debt yield is greater than 10.0%. Assuming the full letter of credit balance is not applied to pay down the full loan amount of $38,629,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 60.0%, 60.0%, 1.85x, 1.73x, 9.1% and 8.5%, respectively.

 

For mortgage loan #18 (Waterford Tulsa Apartments), all LTV, DSCR and Debt Yield figures are calculated assuming the loan amount less a $750,000 holdback. $500,000 of the holdback can be disbursed if no event of default has occurred and is continuing and the earnout debt yield is greater than 9.0% for one quarter. The remaining $250,000 of the holdback can be disbursed to the borrower provided that no event of default has occurred and is continuing, the earnout debt yield is greater than 9.0% for one quarter and the lender has received satisfactory evidence that at least $250,000 of interior upgrades required under the Waterford Tulsa Apartments Mortgage Loan documents have been performed at the Waterford Tulsa Apartments Mortgaged Property. Assuming the full holdback balance is not applied to pay down the full loan amount of $18,144,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 74.7%, 69.3%, 1.38x, 1.31x, 9.3% and 8.8%, respectively.

 

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For mortgage loan #29 (Kennedy Road Marketplace), all LTV, DSCR and Debt Yield figures are calculated assuming the loan amount less a $1,600,000 holdback. $1,250,000 of the holdback can be disbursed in whole or in part if no event of default has occurred and is continuing, the earnout debt yield is greater than 9.1% and either (i)(a) Mattress Firm has assumed its lease during its ongoing bankruptcy proceeding, the related bankruptcy plan has been approved by the applicable court and Mattress Firm is in occupancy, open for business and paying normal, unabated rent in accordance with the terms of its lease and (b) the 2019 termination option set forth in the Mattress Firm lease has expired or (ii) the related lease is terminated and replaced with a new lease for a term of no less than five years that meets the requirements set forth in the loan documents and the related tenant is in occupancy, open for business and paying rent and provides an acceptable estoppel. The disbursement conditions must be satisfied within 36 months of origination or the lender will prepay the mortgage loan with the balance of reserve funds, subject to the payment of a yield maintenance premium. The remaining $350,000 of the holdback can be disbursed in whole or in part if no event of default has occurred and is continuing, the earnout debt yield is greater than 9.09% and either (i) Gamestop has renewed its lease for at least one year or (ii) the related lease is terminated and replaced with a new lease for a term of no less than three years that meets the requirements set forth in the loan documents and the related tenant is in occupancy, open for business and paying rent and provides an acceptable estoppel. The disbursement conditions must be satisfied within 36 months of origination or the lender will prepay the mortgage loan with the balance of reserve funds, subject to the payment of a yield maintenance premium. Assuming the full holdback balance is not applied to pay down the full loan amount of $11,500,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 69.3%, 64.1%, 1.29x, 1.27x, 8.5% and 8.4%, respectively.

 

(14)For mortgage loan #8 (Christiana Mall), a 4.154-acre portion of the parking lot at the Christiana Mall Mortgaged Property is owned by Macy’s and ground leased to the borrower pursuant to a parking lease agreement, dated as of July 30, 2010. Consequently, the Christiana Mall Mortgage Loan, with respect to such portion of the Christiana Mall Mortgaged Property, is secured only by the borrower’s leasehold interest. The parking lease agreement will terminate on December 31, 2028, provided; however, that Macy’s can terminate the parking lease agreement at any time with 12 months’ notice. The parking lease agreement does not contain customary mortgagee protection provisions and is scheduled to expire prior to the date that is ten years after the loan term.

 

For mortgage loan #10 (1600 Terrell Mill Road), in connection with receiving certain tax abatements through the PILOT program offered through the Development Authority of Cobb County, Georgia (the “Development Authority”), the borrower transferred its fee interest in a portion of the 1600 Terrell Mill Road Property occupied by the largest tenant to the Development Authority and the Development Authority then entered into a ground lease with the borrower for the same portion of the 1600 Terrell Mill Road Property. The Development Authority also consented to granting to lender a security interest in the ground leased property. At closing, lender has a perfected security interest in the fee and leasehold interests in the property located at 1600 Terrell Mill Road. In addition, upon termination of these tax abatements on December 1, 2018, the borrower is required to purchase the fee interest in this portion of the 1600 Terrell Mill Road Property back from the Development Authority of Cobb County, Georgia for $100.

 

For mortgage loan #20 (Virginia Beach Hotel Portfolio), attached to the Virginia Beach Hotel Portfolio — Hilton Virginia Beach Oceanfront Mortgaged Property by way of an overhead walkway is a 1,000-car parking garage with ground floor retail. The borrower has a leasehold interest in a portion of the garage consisting of 380 parking garage spaces. The leased fee holder of the garage is the City of Virginia Beach Development Authority. Rent under the parking lease is currently approximately $222,000 per year and expires on June 30, 2070. Additionally, the borrower has also entered a lease for the ground floor retail portion of the parking garage, which provides approximately 26,000 square feet of commercial space to the borrower as well as an additional 58 parking spaces for exclusive retail use. The annual lease expense is $378,930 with the lease term expiring on June 30, 2030. There are currently 13 tenants leasing the retail space

 

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for a total underwritten base rent of $765,284 resulting in a net positive cash flow. Tenants include Starbucks and other small shops that cater to the hotel’s customer base.

In addition, for mortgage loan #20 (Virginia Beach Hotel Portfolio), with respect to the Hilton Garden Inn Virginia Beach Oceanfront Mortgaged Property, the borrower has a leasehold interest in an off-site parking garage where the borrower leases 168 spaces from 34th Street Garage, LLC. Annual rent under the lease equals $1.00 and the lease expires in May 2105.

 

For mortgage loan #25 (Liberty Portfolio), with respect to the Liberty Center at Rio Salado Mortgaged Property, the borrower has a leasehold interest in each of the buildings located at the Liberty Center at Rio Salado Mortgaged Property, which are subject to the Government Property Lease Excise Tax (“GPLET”) abatement until expiration of the underlying lease, at which point title in the fee interest will automatically vest in the borrower. The GPLET abatement expires at each of the buildings as follows: (i) 1850 West Rio Salado Parkway expires on October 29, 2022, (ii) 1870 West Rio Salado Parkway expires on February 14, 2026, (iii) 1910 West Rio Salado Parkway expires on July 7, 2023 and (iv) 1930 West Rio Salado Parkway expires on September 27, 2024. In lieu of paying real estate taxes, the borrower pays to the Arizona Department of Revenue and City of Tempe, in the form of rent, 50% of what the respective buildings’ real estate taxes otherwise would have been (2018 rent due under the GPLET abatement for the four buildings located at the Liberty Center at Rio Salado Mortgaged Property was equal to $882,940). There are currently no extension options available for the GPLET abatement for the Liberty Center at Rio Salado Mortgaged Property.

 

(15)For mortgage loan #13 (California Mixed Use Portfolio), the in-place lockbox is hard for commercial tenants at the California Mixed Use Portfolio Mortgaged Properties and is soft for self-storage and RV/boat storage at the California Mixed Use Portfolio Mortgaged Properties.

 

(16)For mortgage loan #24 (Vernon Industrial), the largest tenant (82,978 square feet), representing 56.3% of net rentable square feet, is affiliated with the borrower.

 

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