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As Of Filer Filing For·On·As Docs:Size Issuer Agent 5/09/18 Banc of America Merrill Lync… Inc FWP 1:2.7M Bank 2018-BNK12 Nuvo Group, Inc./FA |
Document/Exhibit Description Pages Size 1: FWP Free-Writing Prospectus HTML 1.05M
FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-206847-09 | ||
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The depositor has filed a registration statement (including a prospectus) with the SEC (File No. 333-206847) for the offering to which this communication relates. Before you invest, you should read the prospectus in that 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 or any underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll free 1-800-294-1322 or by email to dg.Prospectus_Requests@baml.com.
This material was prepared by sales, trading, banking or other non-research personnel of one of the following (or an affiliate thereof): Merrill Lynch, Pierce, Fenner & Smith Incorporated (together with its affiliates, “BofA Merrill Lynch”), Wells Fargo Securities, LLC (together with its affiliates, “Wells Fargo” ), Morgan Stanley & Co. LLC, Morgan Stanley & Co. International Limited, Morgan Stanley Japan Limited and/or Morgan Stanley Dean Witter Asia Limited (together with their affiliates, hereinafter “Morgan Stanley”), or Drexel Hamilton, LLC (together with its affiliates, “Drexel” and, collectively with BofA Merrill Lynch, Wells Fargo and Morgan Stanley, the “Underwriters”). This material was not produced by an Underwriter’s research analyst, although it may refer to an Underwriter’s research analyst or research report. Unless otherwise indicated, these views (if any) are the author’s and may differ from those of the fixed income or equity research departments of the Underwriters or others in those firms.
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This material has been prepared for information purposes to support the promotion or marketing of the transaction or matters addressed herein. This is not a research report and was not prepared by the research department of any Underwriter. It was prepared by sales, trading, banking or other non-research personnel of one or more of the Underwriters. This material is not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Each taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. Past performance is not necessarily a guide to future performance. Please see additional important information and qualifications at the end of this material.
The asset-backed securities referred to in these materials are being offered when, as and if issued. In particular, you are advised that asset-backed securities, and the asset pools backing them, are subject to modification or revision (including, among other things, the possibility that one or more classes of securities may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. As a result, you may commit to purchase securities that have characteristics that may change, and you are advised that all or a portion of the securities may not be issued that have the characteristics described in these materials. Our obligation to sell securities to you is conditioned on the securities and the underlying transaction having the characteristics described in these materials. If we determine that condition is not satisfied in any material respect, we will notify you, and neither the issuing entity nor any Underwriter will have any obligation to you to deliver all or any portion of the securities which you have committed to purchase, and there will be no liability between us as a consequence of the non-delivery.
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The value of and income from investments may vary because of changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities/instruments prices, market indexes, operational or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in securities/instruments transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. Actual events may differ from those assumed and changes to any assumptions may have a material impact on any projections or estimates. Other events not taken into account may occur and may significantly affect the projections or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation and/or calculation of any projections or estimates, and the Underwriters do not represent that any such assumptions will reflect actual future events. Accordingly, there can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated herein. Some of the information contained in this document may be aggregated data of transactions in securities or other financial instruments executed by one or more Underwriters that has been compiled so as not to identify the underlying transactions of any particular customer.
Notwithstanding anything herein to the contrary, the Underwriters and each recipient hereof agree that they (and their employees, representatives, and other agents) may disclose to any and all persons, without limitation of any kind from the commencement of discussions, the U.S. federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to the tax treatment and tax structure (as such terms are defined in Treasury Regulation 1.6011-4). For this purpose, “tax structure” is limited to facts relevant to the U.S. federal and state income tax treatment of the transaction and does not include information relating to the identity of the parties, their affiliates, agents or advisors. This authorization of tax disclosure is retroactively effective to the commencement of discussions with prospective investors regarding the transactions contemplated herein.
THE DISTRIBUTION OF THIS MATERIAL (A) IF MADE BY A PERSON WHO IS NOT AN AUTHORIZED PERSON UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”), IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE “FINANCIAL PROMOTION ORDER”), OR (III) ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) THROUGH (D) (HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.) OF THE FINANCIAL PROMOTION ORDER; AND (B) IF MADE BY A PERSON WHO IS AN AUTHORIZED PERSON UNDER THE FSMA, IS BEING MADE ONLY TO, OR DIRECTED ONLY AT, PERSONS WHO (I) ARE OUTSIDE THE UNITED KINGDOM, OR (II) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND QUALIFY AS INVESTMENT PROFESSIONALS IN ACCORDANCE WITH ARTICLE 14(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (PROMOTION OF COLLECTIVE INVESTMENT SCHEMES) (EXEMPTIONS) ORDER 2001 (THE “PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER”), OR (III) ARE PERSONS FALLING WITHIN ARTICLE 22(2)(A) THROUGH (D) (“HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC.”) OF THE PROMOTION OF COLLECTIVE INVESTMENT SCHEMES EXEMPTIONS ORDER, OR (IV) ARE PERSONS TO WHOM THE ISSUING ENTITY MAY LAWFULLY BE PROMOTED IN ACCORDANCE WITH CHAPTER 4.12 OF THE UK FINANCIAL CONDUCT AUTHORITY’S CONDUCT OF BUSINESS SOURCEBOOK.
THE OFFERED CERTIFICATES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE FINANCIAL INSTRUMENTS EXCHANGE ACT OF JAPAN (LAW NO. 25 OF 1948, AS AMENDED (THE “FIEL”)), AND EACH OF MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, WELLS FARGO SECURITIES, LLC, MORGAN STANLEY & CO. LLC AND DREXEL HAMILTON, LLC HAS AGREED THAT IT WILL NOT OFFER OR SELL ANY OFFERED CERTIFICATES, DIRECTLY OR INDIRECTLY, IN JAPAN OR TO, OR FOR THE BENEFIT OF, ANY JAPANESE PERSON, OR TO OTHERS FOR RE-OFFERING OR RESALE, DIRECTLY OR INDIRECTLY, IN JAPAN OR TO ANY JAPANESE PERSON, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, AND OTHERWISE IN COMPLIANCE WITH, THE FIEL AND ANY OTHER APPLICABLE LAWS AND REGULATIONS. FOR THE PURPOSES OF THIS PARAGRAPH, “JAPANESE PERSON” SHALL MEAN ANY PERSON RESIDENT IN JAPAN, INCLUDING ANY CORPORATION OR OTHER ENTITY ORGANIZED UNDER THE LAWS AND REGULATIONS OF JAPAN.
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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | % of Initial Pool Balance |
Mortgage Loan Originator(1) |
Mortgage Loan Seller(1) |
Original Balance |
Cut-off Date Balance |
Maturity/ARD Balance |
Cut-off Date Balance per SF/ Units/Rooms/Pads |
Loan Purpose | Sponsor | Non-Recourse Carveout Guarantor |
Loan | 5 | 1.00 | CoolSprings Galleria | 9.99% | WFB | WFB | $9,00,00,000 | $9,00,00,000 | $7,30,29,921 | $242.12 | Refinance | CBL & Associates Limited Partnership; CBL & Associates Properties, Inc.; Teachers Insurance and Annuity Association of America; APG Asset Management US Inc. | CBL/T-C, LLC |
Loan | 5, 9, 16 | 2.00 | One Dulles Tower | 9.9% | WFB | WFB | $8,90,00,000 | $8,90,00,000 | $8,90,00,000 | $376.59 | Acquisition | HGGP Capital VIII, LLC; HGGP Capital IX, LLC; HGGP Capital X, LLC; HGGP Capital XI, LLC; HGGP Capital XII, LLC | HGGP Capital VIII, LLC; HGGP Capital IX, LLC; HGGP Capital X, LLC; HGGP Capital XI, LLC; HGGP Capital XII, LLC |
Loan | 5, 8 | 3.00 | Fair Oaks Mall | 8.9% | BANA; Barclays | BANA | $8,00,00,000 | $8,00,00,000 | $7,42,48,094 | $224.37 | Refinance | The Taubman Realty Group Limited Partnership; Morton Olshan | The Taubman Realty Group Limited Partnership |
Loan | 5, 11 | 4.00 | Rittenhouse Hill | 7.0% | MSBNA | MSMCH | $6,30,00,000 | $6,30,00,000 | $6,30,00,000 | $1,80,800.00 | Refinance | Matthew Pestronk; Michael Pestronk | Matthew Pestronk; Michael Pestronk |
Loan | 5, 9 | 5.00 | 181 Fremont Street | 6.4% | DBNY; Barclays | WFB | $5,80,00,000 | $5,80,00,000 | $5,80,00,000 | $572.96 | Refinance | Joseph K. Paul | Paul Guarantor LLC |
Loan | 5, 6, 7, 9 | 6.00 | Extra Space - TIAA Self Storage Portfolio | 6.4% | BANA | BANA | $5,80,00,000 | $5,80,00,000 | $5,80,00,000 | $141.82 | Refinance | Extra Space Storage Inc.; TH Real Estate | Extra Space Storage Inc. |
Property | 6.01 | Extra Space Washington | BANA | BANA | $78,11,258 | $78,11,258 | $78,11,258 | ||||||
Property | 6.02 | Extra Space San Jose | BANA | BANA | $37,87,729 | $37,87,729 | $37,87,729 | ||||||
Property | 6.03 | Extra Space San Diego | BANA | BANA | $37,30,742 | $37,30,742 | $37,30,742 | ||||||
Property | 6.04 | Extra Space Panorama City | BANA | BANA | $32,87,511 | $32,87,511 | $32,87,511 | ||||||
Property | 6.05 | Extra Space Norwalk | BANA | BANA | $32,63,450 | $32,63,450 | $32,63,450 | ||||||
Property | 6.06 | Extra Space Miami East | BANA | BANA | $30,71,214 | $30,71,214 | $30,71,214 | ||||||
Property | 6.07 | Extra Space Miami West | BANA | BANA | $30,65,895 | $30,65,895 | $30,65,895 | ||||||
Property | 6.08 | Extra Space Palo Alto | BANA | BANA | $27,51,074 | $27,51,074 | $27,51,074 | ||||||
Property | 6.09 | Extra Space Covina | BANA | BANA | $26,94,594 | $26,94,594 | $26,94,594 | ||||||
Property | 6.10 | Extra Space Gaithersburg | BANA | BANA | $24,53,476 | $24,53,476 | $24,53,476 | ||||||
Property | 6.11 | Extra Space Philadelphia | BANA | BANA | $23,57,991 | $23,57,991 | $23,57,991 | ||||||
Property | 6.12 | Extra Space Westminster | BANA | BANA | $23,17,467 | $23,17,467 | $23,17,467 | ||||||
Property | 6.13 | Extra Space Newark | BANA | BANA | $20,75,083 | $20,75,083 | $20,75,083 | ||||||
Property | 6.14 | Extra Space Essex | BANA | BANA | $18,85,380 | $18,85,380 | $18,85,380 | ||||||
Property | 6.15 | Extra Space New Bedford | BANA | BANA | $18,27,380 | $18,27,380 | $18,27,380 | ||||||
Property | 6.16 | Extra Space Birmingham | BANA | BANA | $18,22,314 | $18,22,314 | $18,22,314 | ||||||
Property | 6.17 | Extra Space Haverhill | BANA | BANA | $17,46,332 | $17,46,332 | $17,46,332 | ||||||
Property | 6.18 | Extra Space Shrewsbury | BANA | BANA | $16,41,983 | $16,41,983 | $16,41,983 | ||||||
Property | 6.19 | Extra Space Dallas | BANA | BANA | $13,52,489 | $13,52,489 | $13,52,489 | ||||||
Property | 6.20 | Extra Space Enfield | BANA | BANA | $12,43,834 | $12,43,834 | $12,43,834 | ||||||
Property | 6.21 | Extra Space San Diego Miramar | BANA | BANA | $12,20,533 | $12,20,533 | $12,20,533 | ||||||
Property | 6.22 | Extra Space Shawnee | BANA | BANA | $9,04,192 | $9,04,192 | $9,04,192 | ||||||
Property | 6.23 | Extra Space Overland Park | BANA | BANA | $9,04,192 | $9,04,192 | $9,04,192 | ||||||
Property | 6.24 | Extra Space Tucson | BANA | BANA | $7,83,886 | $7,83,886 | $7,83,886 | ||||||
Loan | 5, 11, 12 | 7.00 | The Gateway | 6.1% | DBNY; BANA | BANA | $5,50,00,000 | $5,50,00,000 | $5,50,00,000 | $2,63,157.89 | Refinance | Prime Property Fund II, L.P.; CM Golden Gate, Inc.; Oakhill Gateway Partners, L.P. | Golden Gateway Center SPE, LLC |
Loan | 5, 6, 7, 9, 10 | 8.00 | Northwest Hotel Portfolio | 3.7% | WFB | WFB | $3,29,93,322 | $3,29,38,067 | $2,47,74,930 | $1,38,179.27 | Acquisition | Jason R. Kotter; Ryan N. Van Alfen | Jason R. Kotter; Ryan N. Van Alfen |
Property | 8.01 | Hilton Garden Inn Bend | WFB | WFB | $57,80,962 | $57,71,281 | $43,40,967 | ||||||
Property | 8.02 | Hampton Inn & Suites Bend | WFB | WFB | $57,42,930 | $57,33,312 | $43,12,409 | ||||||
Property | 8.03 | Hilton Garden Inn Salt Lake City Downtown | WFB | WFB | $55,52,767 | $55,43,467 | $41,69,614 | ||||||
Property | 8.04 | Hampton Inn & Suites Coeur d'Alene | WFB | WFB | $55,14,734 | $55,05,498 | $41,41,054 | ||||||
Property | 8.05 | Hampton Inn & Suites Boise Spectrum | WFB | WFB | $52,67,522 | $52,58,700 | $39,55,421 | ||||||
Property | 8.06 | La Quinta Inns & Suites Coeur d'Alene | WFB | WFB | $26,62,286 | $26,57,827 | $19,99,130 | ||||||
Property | 8.07 | La Quinta Inns & Suites Twin Falls | WFB | WFB | $24,72,122 | $24,67,982 | $18,56,335 | ||||||
Loan | 9.00 | Centerville Marketplace | 2.2% | MSBNA | MSMCH | $1,97,90,000 | $1,97,90,000 | $1,62,13,537 | $150.86 | Acquisition | James Purpura | James Purpura | |
Loan | 5, 6 | 10.00 | North Bay Portfolio | 2.1% | BANA | BANA | $1,90,00,000 | $1,90,00,000 | $1,74,19,135 | $105.43 | Refinance | Basin Street Properties | Matthew T. White; William C. White |
Property | 10.01 | Petaluma Business Center | BANA | BANA | $76,43,931 | $76,43,931 | $70,07,929 | ||||||
Property | 10.02 | South Petaluma Business Center | BANA | BANA | $64,57,803 | $64,57,803 | $59,20,492 | ||||||
Property | 10.03 | Lakeville Business Center | BANA | BANA | $48,98,266 | $48,98,266 | $44,90,713 | ||||||
Loan | 11.00 | Pico Rivera Marketplace | 2.1% | BANA | BANA | $1,89,00,000 | $1,89,00,000 | $1,89,00,000 | $211.91 | Refinance | K. Joseph Shabani; Shahrokh Shamtoubi; Torag Pourshamtobi | K. Joseph Shabani; Shahrokh Shamtoubi; Torag Pourshamtobi | |
Loan | 5, 9, 16 | 12.00 | Apple Campus 3 | 1.9% | WFB; GS; DBNY | WFB | $1,70,00,000 | $1,70,00,000 | $1,70,00,000 | $385.20 | Refinance | Paul Guarantor LLC | Paul Guarantor LLC |
Loan | 13 | 13.00 | Rex Ridge Apartment Corporation | 1.9% | NCCB | NCB | $1,70,00,000 | $1,70,00,000 | $1,36,09,871 | $45,698.92 | Refinance | N/A | N/A |
Loan | 6, 7, 14 | 14.00 | Hampton & Homewood Memphis | 1.8% | MSBNA | MSMCH | $1,63,00,000 | $1,62,62,053 | $1,32,68,048 | $63,523.64 | Refinance | Suraj Demla | Suraj Demla |
Property | 14.01 | Homewood Suites Memphis Southwind | MSBNA | MSMCH | $85,90,000 | $85,70,002 | $69,92,180 | ||||||
Property | 14.02 | Hampton Inn Memphis Southwind | MSBNA | MSMCH | $77,10,000 | $76,92,051 | $62,75,868 | ||||||
Loan | 13 | 15.00 | 444 East 86th Owners Corp. | 1.7% | NCCB | NCB | $1,57,00,000 | $1,57,00,000 | $1,38,34,147 | $54,325.26 | Refinance | N/A | N/A |
Loan | 13 | 16.00 | 17-85 215th Street Owners', Inc. (A/K/A 17-85 215th Street Owners' Inc.) | 1.5% | NCCB | NCB | $1,37,50,000 | $1,37,50,000 | $1,00,05,327 | $48,415.49 | Refinance | N/A | N/A |
Loan | 17.00 | Value Store It - Pompano Beach | 1.4% | BANA | BANA | $1,25,00,000 | $1,25,00,000 | $1,25,00,000 | $117.98 | Refinance | Value Store It | Todd A. Ruderman | |
Loan | 18.00 | Hampton Inn & Suites - Woodinville | 1.2% | WFB | WFB | $1,10,00,000 | $1,10,00,000 | $90,43,231 | $1,07,843.14 | Refinance | James E. O'Connell, III | CAPRI Inc. | |
Loan | 19.00 | 6th & Sable Retail | 1.1% | BANA | BANA | $1,00,00,000 | $1,00,00,000 | $82,87,468 | $68.41 | Refinance | Mary H. Truong; David A. Nguyen | Mary H. Truong; David A. Nguyen | |
Loan | 20.00 | Doubletree Kenosha | 1.1% | BANA | BANA | $1,00,00,000 | $1,00,00,000 | $82,55,637 | $83,333.33 | Refinance | David A. Nankin; Leon Heller | David A. Nankin; Leon Heller | |
Loan | 14, 15 | 21.00 | Valley Medical Center | 1.1% | MSBNA | MSMCH | $1,00,00,000 | $1,00,00,000 | $82,37,213 | $225.35 | Refinance | Peggy L. Chapman | Peggy L. Chapman |
Loan | 13, 14 | 22.00 | Sherman Square | 1.1% | MSBNA | MSMCH | $96,50,000 | $96,50,000 | $83,38,274 | $306.34 | Refinance | Mark Bolour | Omid Bolour (a/k/a Mark Bolour) |
Loan | 14 | 23.00 | Holiday Inn Express at the Stadiums | 1.0% | MSBNA | MSMCH | $92,40,000 | $92,40,000 | $76,16,128 | $75,121.95 | Acquisition | Shree Hospitality | Mihir Wankawala; Venkateshwaran Raja; Rajeev Kaul |
Loan | 24.00 | Courtyard Marriott - El Paso | 1.0% | BANA | BANA | $87,00,000 | $87,00,000 | $77,22,439 | $83,653.85 | Refinance | Kana Hotel Group | Jagdish Patel; Dhirendra Patel | |
Loan | 25.00 | Safeway - Everett | 0.9% | WFB | WFB | $77,50,000 | $77,50,000 | $77,50,000 | $167.62 | Acquisition | Dennis J. Wong; The Dennis and Shannon Wong Family Trust | Dennis J. Wong; The Dennis and Shannon Wong Family Trust | |
Loan | 26.00 | Old Kings Commons | 0.9% | MSBNA | MSMCH | $76,75,000 | $76,75,000 | $63,13,832 | $90.55 | Acquisition | Freddy Del Rosario; Gina Aregento | Freddy Del Rosario; Gina Aregento | |
Loan | 14 | 27.00 | Holiday Inn Express Newport News | 0.8% | MSBNA | MSMCH | $70,00,000 | $69,91,933 | $58,10,332 | $57,310.93 | Refinance | Shanya Hotels LLC | Darshak Patel; Atul Patel; Manan Shah |
Loan | 13 | 28.00 | Carlshire Tenants, Inc. | 0.7% | NCCB | NCB | $65,00,000 | $65,00,000 | $52,18,464 | $59,633.03 | Refinance | N/A | N/A |
Loan | 13 | 29.00 | Hudson Courts Owners, Inc. | 0.7% | NCB | NCB | $65,00,000 | $64,91,549 | $52,80,883 | $55,483.32 | Refinance | N/A | N/A |
Loan | 13 | 30.00 | 229 East 79 Limited | 0.7% | NCCB | NCB | $61,00,000 | $61,00,000 | $61,00,000 | $84,722.22 | Refinance | N/A | N/A |
Loan | 31.00 | Safeway Fraser | 0.7% | MSBNA | MSMCH | $60,42,000 | $60,42,000 | $60,42,000 | $115.53 | Acquisition | Alexander Zirpolo | Alex Zirpolo | |
Loan | 32.00 | SPS-Sacramento IV | 0.6% | WFB | WFB | $58,25,000 | $58,25,000 | $47,39,741 | $85.07 | Refinance | Benjamin D. Eisler and Shirley E. Eisler, individually and as Co-Trustees of the Eisler Revocable Trust; Allen Orwitz and Lea Orwitz, individually and as Co-Trustees of the Allen Orwitz and Lea Orwitz Revocable Trusts | Benjamin D. Eisler and Shirley E. Eisler, individually and as Co-Trustees of the Eisler Revocable Trust; Allen Orwitz and Lea Orwitz, individually and as Co-Trustees of the Allen Orwitz and Lea Orwitz Revocable Trusts | |
Loan | 13 | 33.00 | 3755 Owners Ltd. | 0.6% | NCCB | NCB | $57,00,000 | $56,92,161 | $45,81,849 | $62,551.22 | Refinance | N/A | N/A |
Loan | 34.00 | Safeway Duvall | 0.6% | MSBNA | MSMCH | $56,14,000 | $56,14,000 | $56,14,000 | $125.27 | Acquisition | Alexander Zirpolo | Alex Zirpolo | |
Loan | 15 | 35.00 | Walgreens Concord | 0.6% | MSBNA | MSMCH | $54,00,000 | $54,00,000 | $54,00,000 | $471.78 | Acquisition | Rose L. Cole | Rose L. Cole |
Loan | 36.00 | Villa Marina | 0.6% | MSBNA | MSMCH | $51,00,000 | $51,00,000 | $51,00,000 | $27,717.39 | Refinance | Michael Gortenburg; Scott I. Asner | Michael Gortenburg; Scott I. Asner | |
Loan | 37.00 | Bell Park Plaza | 0.6% | WFB | WFB | $50,50,000 | $50,39,827 | $47,04,411 | $150.53 | Acquisition | David Wallach; Triumph Real Estate Investment Fund 1 LP | David Wallach; Triumph Real Estate Investment Fund 1 LP | |
Loan | 38.00 | The Center on Calloway | 0.5% | WFB | WFB | $48,00,000 | $47,94,401 | $39,76,015 | $207.36 | Refinance | Henri Pardi; Ann Chiang Pardi; The Henry Pardi and Ann Chiang Pardi Trust dated March 5, 2001 | Henri Pardi; Ann Chiang Pardi; The Henry Pardi and Ann Chiang Pardi Trust Dated March 5, 2001 | |
Loan | 14 | 39.00 | Oaks on Henry | 0.5% | MSBNA | MSMCH | $45,00,000 | $45,00,000 | $41,28,533 | $86,538.46 | Refinance | Frank Ibarra | Frank Ibarra |
Loan | 40.00 | Weller Building | 0.5% | MSBNA | MSMCH | $45,00,000 | $44,91,676 | $32,95,898 | $101.13 | Refinance | Mar Family | Susan L. Mar, Marilyn J. Mar, Donald L. Mar, Douglas J. Mar | |
Loan | 13 | 41.00 | Stonegate X Apartment Owners Corp. a/k/a Stonegate X Apartment Owner's Corp. | 0.5% | NCB | NCB | $43,50,000 | $43,50,000 | $34,92,356 | $45,312.50 | Refinance | N/A | N/A |
Loan | 42.00 | The Summit Apartments | 0.5% | WFB | WFB | $42,75,000 | $42,67,626 | $31,87,099 | $25,402.54 | Refinance | Matthew B. Lester | Matthew B. Lester | |
Loan | 14 | 43.00 | Fedex Ground - Emporia | 0.5% | MSBNA | MSMCH | $42,05,000 | $42,05,000 | $42,05,000 | $82.97 | Acquisition | Kefei Wang | Qingguo Liu |
Loan | 15 | 44.00 | Walgreens Bloomington | 0.5% | MSBNA | MSMCH | $41,40,000 | $41,40,000 | $41,40,000 | $279.35 | Acquisition | Jennifer Knierieme | Jennifer Knierieme |
Loan | 13 | 45.00 | Fairfield Greens Owners, Inc. | 0.4% | NCCB | NCB | $39,50,000 | $39,46,854 | $35,14,313 | $65,780.89 | Refinance | N/A | N/A |
Loan | 46.00 | AFGlobal | 0.4% | MSBNA | MSMCH | $37,05,000 | $37,05,000 | $32,82,750 | $64.37 | Acquisition | Kefei Wang | Wei Liu | |
Loan | 47.00 | 196 & 204 Grove Avenue | 0.4% | WFB | WFB | $33,75,000 | $33,75,000 | $28,02,446 | $143.46 | Acquisition | Jeffery C. Schneider | Jeffery C. Schneider | |
Loan | 13 | 48.00 | Greystone in Westchester Cooperative #1 Inc. | 0.3% | NCCB | NCB | $31,00,000 | $31,00,000 | $24,80,043 | $27,678.57 | Refinance | N/A | N/A |
Loan | 13 | 49.00 | 6200 Riverdale Avenue Corp. | 0.3% | NCCB | NCB | $30,00,000 | $30,00,000 | $24,05,984 | $50,000.00 | Refinance | N/A | N/A |
Loan | 50.00 | Mariner's Cove MHP | 0.3% | BANA | BANA | $29,00,000 | $28,96,589 | $23,98,728 | $31,146.12 | Refinance | James Bellinson | James Bellinson | |
Loan | 13 | 51.00 | 180 South Middle Neck Road Corp. | 0.3% | NCCB | NCB | $28,00,000 | $27,96,108 | $22,46,009 | $54,825.64 | Refinance | N/A | N/A |
Loan | 13 | 52.00 | 3215 Arlington Avenue Owners Corp. | 0.3% | NCCB | NCB | $25,00,000 | $24,96,512 | $20,03,956 | $36,713.41 | Refinance | N/A | N/A |
Loan | 53.00 | 111 Veterans | 0.3% | BANA | BANA | $23,00,000 | $23,00,000 | $23,00,000 | $14.92 | Recapitalization | The Feil Organization | Jeffrey Feil | |
Loan | 13 | 54.00 | Top of the Lofts, Inc. | 0.3% | NCCB | NCB | $23,00,000 | $23,00,000 | $23,00,000 | $1,43,750.00 | Refinance | N/A | N/A |
Loan | 13 | 55.00 | 208-216 East 82nd St. Owners Corp. | 0.3% | NCCB | NCB | $23,00,000 | $23,00,000 | $18,52,993 | $33,333.33 | Refinance | N/A | N/A |
Loan | 13 | 56.00 | Braddock Avenue Owners, Inc. | 0.3% | NCCB | NCB | $23,00,000 | $22,98,209 | $20,51,605 | $48,898.07 | Refinance | N/A | N/A |
Loan | 57.00 | Las Casitas MHC | 0.2% | BANA | BANA | $19,70,000 | $19,70,000 | $19,70,000 | $28,142.86 | Refinance | Kim Eggleston | Kim Eggleston | |
Loan | 13 | 58.00 | Hillpark Plaza Inc. | 0.2% | NCCB | NCB | $17,20,000 | $17,17,617 | $13,80,659 | $40,895.65 | Refinance | N/A | N/A |
Loan | 13 | 59.00 | Syldor Apartment Corp. | 0.2% | NCCB | NCB | $17,00,000 | $17,00,000 | $17,00,000 | $40,476.19 | Refinance | N/A | N/A |
Loan | 13 | 60.00 | 250 Cabrini Boulevard, Inc. | 0.2% | NCCB | NCB | $16,00,000 | $15,97,772 | $12,82,982 | $21,887.28 | Refinance | N/A | N/A |
Loan | 13 | 61.00 | 49 West 12 Tenants Corp. | 0.2% | NCB | NCB | $15,70,000 | $15,70,000 | $15,70,000 | $23,088.24 | Refinance | N/A | N/A |
Loan | 13 | 62.00 | 57-65 West 93 Corp. | 0.2% | NCCB | NCB | $15,00,000 | $15,00,000 | $12,02,568 | $41,666.67 | Refinance | N/A | N/A |
Loan | 13 | 63.00 | Hamilton Cooperative Apartments, Inc. | 0.1% | NCCB | NCB | $12,00,000 | $12,00,000 | $9,75,438 | $7,500.00 | Refinance | N/A | N/A |
C:
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | No. of Properties |
General Property Type | Detailed Property Type | Title Type | Ground Lease Initial Lease Expiration Date |
Address | City | County | State | Zip Code | |
Loan | 5 | 1.00 | CoolSprings Galleria | 1 | Retail | Super Regional Mall | Fee | N/A | 1800, 1910, 1914 and 1916 Galleria Boulevard | Franklin | Williamson | TN | 37067 | |
Loan | 5, 9, 16 | 2.00 | One Dulles Tower | 1 | Office | Suburban | Fee | N/A | 13200 Woodland Park Road | Herndon | Fairfax | VA | 20171 | |
Loan | 5, 8 | 3.00 | Fair Oaks Mall | 1 | Retail | Super Regional Mall | Fee | N/A | 11750 Fair Oaks Mall | Fairfax | Fairfax | VA | 22033 | |
Loan | 5, 11 | 4.00 | Rittenhouse Hill | 1 | Multifamily | High Rise | Fee | N/A | 633 West Rittenhouse Street | Philadelphia | Philadelphia | PA | 19144 | |
Loan | 5, 9 | 5.00 | 181 Fremont Street | 1 | Office | CBD | Fee | N/A | 181 Fremont Street | San Francisco | San Francisco | CA | 94105 | |
Loan | 5, 6, 7, 9 | 6.00 | Extra Space - TIAA Self Storage Portfolio | 24 | ||||||||||
Property | 6.01 | Extra Space Washington | Self Storage | Self Storage | Fee | N/A | 1420 U Street Northwest | Washington | District Of Columbia | DC | 20009 | |||
Property | 6.02 | Extra Space San Jose | Self Storage | Self Storage | Fee | N/A | 895 Thornton Way | San Jose | Santa Clara | CA | 95128 | |||
Property | 6.03 | Extra Space San Diego | Self Storage | Self Storage | Fee | N/A | 8038 Arjons Drive | San Diego | San Diego | CA | 92126 | |||
Property | 6.04 | Extra Space Panorama City | Self Storage | Self Storage | Fee | N/A | 8540 Cedros Avenue | Panorama City | Los Angeles | CA | 91402 | |||
Property | 6.05 | Extra Space Norwalk | Self Storage | Self Storage | Fee | N/A | 10950 Firestone Boulevard | Norwalk | Los Angeles | CA | 90650 | |||
Property | 6.06 | Extra Space Miami East | Self Storage | Self Storage | Fee | N/A | 13800 Southwest 84th Street | Miami | Miami-Dade | FL | 33183 | |||
Property | 6.07 | Extra Space Miami West | Self Storage | Self Storage | Fee | N/A | 20625 Northeast 16th Avenue | Miami | Miami-Dade | FL | 33179 | |||
Property | 6.08 | Extra Space Palo Alto | Self Storage | Self Storage | Fee | N/A | 999 East Bayshore Road | East Palo Alto | San Mateo | CA | 94303 | |||
Property | 6.09 | Extra Space Covina | Self Storage | Self Storage | Fee | N/A | 318 North Vincent Avenue | Covina | Los Angeles | CA | 91722 | |||
Property | 6.10 | Extra Space Gaithersburg | Self Storage | Self Storage | Fee | N/A | 18920 Earhart Court | Gaithersburg | Montgomery | MD | 20879 | |||
Property | 6.11 | Extra Space Philadelphia | Self Storage | Self Storage | Fee | N/A | 1553 Grant Avenue | Philadelphia | Philadelphia | PA | 19115 | |||
Property | 6.12 | Extra Space Westminster | Self Storage | Self Storage | Fee | N/A | 6942 Garden Grove Boulevard | Westminster | Orange | CA | 92683 | |||
Property | 6.13 | Extra Space Newark | Self Storage | Self Storage | Fee | N/A | 121 Ruthar Drive | Newark | New Castle | DE | 19711 | |||
Property | 6.14 | Extra Space Essex | Self Storage | Self Storage | Fee | N/A | 6100 Rossville Boulevard | Essex | Baltimore | MD | 21221 | |||
Property | 6.15 | Extra Space New Bedford | Self Storage | Self Storage | Fee | N/A | 3131 Acushnet Avenue | New Bedford | Bristol | MA | 02745 | |||
Property | 6.16 | Extra Space Birmingham | Self Storage | Self Storage | Fee | N/A | 2135 Columbiana Road | Birmingham | Jefferson | AL | 35216 | |||
Property | 6.17 | Extra Space Haverhill | Self Storage | Self Storage | Fee | N/A | 50 Ferry Road | Haverhill | Essex | MA | 01835 | |||
Property | 6.18 | Extra Space Shrewsbury | Self Storage | Self Storage | Fee | N/A | 53 Clinton Street | Shrewsbury | Worcester | MA | 01545 | |||
Property | 6.19 | Extra Space Dallas | Self Storage | Self Storage | Fee | N/A | 1931 Fort Worth Avenue | Dallas | Dallas | TX | 75208 | |||
Property | 6.20 | Extra Space Enfield | Self Storage | Self Storage | Fee | N/A | 163 South Road | Enfield | Hartford | CT | 06082 | |||
Property | 6.21 | Extra Space San Diego Miramar | Self Storage | Self Storage | Fee | N/A | 8192 Miramar Road | San Diego | San Diego | CA | 92126 | |||
Property | 6.22 | Extra Space Shawnee | Self Storage | Self Storage | Fee | N/A | 12977 West 63rd Street | Shawnee | Johnson | KS | 66216 | |||
Property | 6.23 | Extra Space Overland Park | Self Storage | Self Storage | Fee | N/A | 7880 Mastin Drive | Overland Park | Johnson | KS | 66204 | |||
Property | 6.24 | Extra Space Tucson | Self Storage | Self Storage | Fee | N/A | 8100 East 22nd Street | Tucson | Pima | AZ | 85710 | |||
Loan | 5, 11, 12 | 7.00 | The Gateway | 1 | Multifamily | High Rise | Fee | N/A | 550/560 Battery Street, 440 Davis Court/100 Washington Street, 155 Jackson Street, 405 Davis Court, 200 Washington Street, 99 Jackson Street, 1-9 Boston Ship Plaza, 10-13 & 25-38 Hinckley Walk, 14-24 Whaleship Plaza and 39-58 Ironship Plaza | San Francisco | San Francisco | CA | 94111 | |
Loan | 5, 6, 7, 9, 10 | 8.00 | Northwest Hotel Portfolio | 7 | ||||||||||
Property | 8.01 | Hilton Garden Inn Bend | Hospitality | Limited Service | Fee | N/A | 425 Southwest Bluff Drive | Bend | Deschutes | OR | 97702 | |||
Property | 8.02 | Hampton Inn & Suites Bend | Hospitality | Limited Service | Fee | N/A | 730 Southwest Columbia Street | Bend | Deschutes | OR | 97702 | |||
Property | 8.03 | Hilton Garden Inn Salt Lake City Downtown | Hospitality | Limited Service | Fee | N/A | 250 West 600 South | Salt Lake City | Salt Lake | UT | 84101 | |||
Property | 8.04 | Hampton Inn & Suites Coeur d'Alene | Hospitality | Limited Service | Fee | N/A | 1500 West Riverstone Drive | Coeur D'Alene | Kootenai | ID | 83814 | |||
Property | 8.05 | Hampton Inn & Suites Boise Spectrum | Hospitality | Limited Service | Fee | N/A | 7499 West Overland Road | Boise | Ada | ID | 83709 | |||
Property | 8.06 | La Quinta Inns & Suites Coeur d'Alene | Hospitality | Limited Service | Fee | N/A | 333 West Ironwood Avenue | Coeur D'Alene | Kootenai | ID | 83814 | |||
Property | 8.07 | La Quinta Inns & Suites Twin Falls | Hospitality | Limited Service | Fee | N/A | 539 Pole Line Road | Twin Falls | Twin Falls | ID | 83301 | |||
Loan | 9.00 | Centerville Marketplace | 1 | Office | Suburban | Fee | N/A | 500 & 520 North Marketplace Drive | Centerville | Davis | UT | 84014 | ||
Loan | 5, 6 | 10.00 | North Bay Portfolio | 3 | ||||||||||
Property | 10.01 | Petaluma Business Center | Industrial | Flex | Fee | N/A | 1031, 1035, 1039, 1125-1137 North McDowell Boulevard | Petaluma | Sonoma | CA | 94954 | |||
Property | 10.02 | South Petaluma Business Center | Office | Suburban | Fee | N/A | 1800 and 2000 South McDowell Boulevard | Petaluma | Sonoma | CA | 94954 | |||
Property | 10.03 | Lakeville Business Center | Industrial | Flex | Fee | N/A | 1600-1622, 1670, 1690-1740, & 1758-1774 Corporate Circle | Petaluma | Sonoma | CA | 94954 | |||
Loan | 11.00 | Pico Rivera Marketplace | 1 | Retail | Anchored | Fee | N/A | 8913, 8921, 8937, 8941 and 8961 Washington Boulevard | Pico Rivera | Los Angeles | CA | 90660 | ||
Loan | 5, 9, 16 | 12.00 | Apple Campus 3 | 1 | Office | Suburban | Fee | N/A | 222 North Wolfe Road | Sunnyvale | Santa Clara | CA | 94085 | |
Loan | 13 | 13.00 | Rex Ridge Apartment Corporation | 1 | Multifamily | Cooperative | Fee | N/A | 23 Fieldstone Drive | Hartsdale | Westchester | NY | 10530 | |
Loan | 6, 7, 14 | 14.00 | Hampton & Homewood Memphis | 2 | ||||||||||
Property | 14.01 | Homewood Suites Memphis Southwind | Hospitality | Extended Stay | Fee | N/A | 3583 Hacks Cross Road | Memphis | Shelby | TN | 38125 | |||
Property | 14.02 | Hampton Inn Memphis Southwind | Hospitality | Limited service | Fee | N/A | 3579 Hacks Cross Road | Memphis | Shelby | TN | 38125 | |||
Loan | 13 | 15.00 | 444 East 86th Owners Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 444 East 86th Street | New York | New York | NY | 10028 | |
Loan | 13 | 16.00 | 17-85 215th Street Owners', Inc. (A/K/A 17-85 215th Street Owners' Inc.) | 1 | Multifamily | Cooperative | Fee | N/A | 17-85 215th Street | Bayside | Queens | NY | 11360 | |
Loan | 17.00 | Value Store It - Pompano Beach | 1 | Self Storage | Self Storage | Fee | N/A | 500 South Andrews Avenue | Pompano Beach | Broward | FL | 33069 | ||
Loan | 18.00 | Hampton Inn & Suites - Woodinville | 1 | Hospitality | Limited Service | Fee | N/A | 19211 and 19255 Woodinville Snohomish Road NE | Woodinville | King | WA | 98072 | ||
Loan | 19.00 | 6th & Sable Retail | 1 | Retail | Anchored | Fee | N/A | 401, 411 and 501 Sable Boulevard | Aurora | Arapahoe | CO | 80011 | ||
Loan | 20.00 | Doubletree Kenosha | 1 | Hospitality | Full Service | Fee | N/A | 11800 108th Street | Pleasant Prairie | Kenosha | WI | 53158 | ||
Loan | 14, 15 | 21.00 | Valley Medical Center | 1 | Office | Medical | Fee | N/A | 205 Hirst Road | Purcellville | Loudoun | VA | 20132 | |
Loan | 13, 14 | 22.00 | Sherman Square | 1 | Retail | Unanchored | Fee | N/A | 7203-7219 North Van Nuys Boulevard / 14503-14523 Sherman Way | Van Nuys | Los Angeles | CA | 91405 | |
Loan | 14 | 23.00 | Holiday Inn Express at the Stadiums | 1 | Hospitality | Limited Service | Fee | N/A | 1701 Russell Street | Baltimore | Baltimore City | MD | 21230 | |
Loan | 24.00 | Courtyard Marriott - El Paso | 1 | Hospitality | Select Service | Fee | N/A | 12065 Gateway West Boulevard | El Paso | El Paso | TX | 79936 | ||
Loan | 25.00 | Safeway - Everett | 1 | Retail | Single Tenant | Fee | N/A | 4128 Rucker Avenue | Everett | Snohomish | WA | 98203 | ||
Loan | 26.00 | Old Kings Commons | 1 | Retail | Anchored | Fee | N/A | 7 and 9 Old Kings Road North | Palm Coast | Flagler | FL | 32137 | ||
Loan | 14 | 27.00 | Holiday Inn Express Newport News | 1 | Hospitality | Limited Service | Fee | N/A | 941 J. Clyde Morris Boulevard | Newport News | Newport News city | VA | 23601 | |
Loan | 13 | 28.00 | Carlshire Tenants, Inc. | 1 | Multifamily | Cooperative | Fee | N/A | 1-3 Washington Square | Larchmont | Westchester | NY | 10538 | |
Loan | 13 | 29.00 | Hudson Courts Owners, Inc. | 1 | Multifamily | Cooperative | Fee | N/A | 679-709 Warburton Avenue | Yonkers | Westchester | NY | 10701 | |
Loan | 13 | 30.00 | 229 East 79 Limited | 1 | Multifamily | Cooperative | Fee | N/A | 229 East 79th Street | New York | New York | NY | 10075 | |
Loan | 31.00 | Safeway Fraser | 1 | Retail | Single Tenant | Fee | N/A | 40 County Road 804 | Fraser | Grand | CO | 80442 | ||
Loan | 32.00 | SPS-Sacramento IV | 1 | Self Storage | Self Storage | Fee | N/A | 7301 Franklin Boulevard | Sacramento | Sacramento | CA | 95823 | ||
Loan | 13 | 33.00 | 3755 Owners Ltd. | 1 | Multifamily | Cooperative | Fee | N/A | 3755 Henry Hudson Parkway | Bronx | New York | NY | 10463 | |
Loan | 34.00 | Safeway Duvall | 1 | Retail | Single Tenant | Fee | N/A | 14020 Main Street Northeast | Duvall | King | WA | 98019 | ||
Loan | 15 | 35.00 | Walgreens Concord | 1 | Retail | Single Tenant | Fee | N/A | 142 Loudon Road | Concord | Merrimack | NH | 03301 | |
Loan | 36.00 | Villa Marina | 1 | Multifamily | Garden | Fee | N/A | 300 & 320 Ferry Road, 300 Harborside Drive | Galveston | Galveston | TX | 77550 | ||
Loan | 37.00 | Bell Park Plaza | 1 | Retail | Shadow Anchored | Fee | N/A | 17037 North 43rd Avenue; 4232 and 4236 West Bell Road | Phoenix | Maricopa | AZ | 85308 | ||
Loan | 38.00 | The Center on Calloway | 1 | Retail | Unanchored | Fee | N/A | 1098-1120 Calloway Drive | Bakersfield | Kern | CA | 93312 | ||
Loan | 14 | 39.00 | Oaks on Henry | 1 | Multifamily | Garden | Fee | N/A | 301 West Henry Street | Punta Gorda | Charlotte | FL | 33950 | |
Loan | 40.00 | Weller Building | 1 | Office | Suburban | Fee | N/A | 1225 S Weller Street | Seattle | King | WA | 98144 | ||
Loan | 13 | 41.00 | Stonegate X Apartment Owners Corp. a/k/a Stonegate X Apartment Owner's Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 30-220 Parkside Drive | Suffern | Rockland | NY | 10901 | |
Loan | 42.00 | The Summit Apartments | 1 | Multifamily | Garden | Fee | N/A | 2800-2814 De Mel Avenue | Louisville | Jefferson | KY | 40214 | ||
Loan | 14 | 43.00 | Fedex Ground - Emporia | 1 | Industrial | Warehouse | Fee | N/A | 180 Daniel A. Belmonte Dr | Emporia | Greensville | VA | 23847 | |
Loan | 15 | 44.00 | Walgreens Bloomington | 1 | Retail | Single Tenant | Fee | N/A | 909 South Main Street | Bloomington | McLean | IL | 61701 | |
Loan | 13 | 45.00 | Fairfield Greens Owners, Inc. | 1 | Multifamily | Cooperative | Fee | N/A | 742, 744 746 & 748 Deer Park Avenue and 33, 55 & 41-49 Mildred Place | North Babylon | Suffolk | NY | 11703 | |
Loan | 46.00 | AFGlobal | 1 | Industrial | Flex | Fee | N/A | 13302 and 13312 East Hardy Road | Houston | Harris | TX | 77039 | ||
Loan | 47.00 | 196 & 204 Grove Avenue | 1 | Office | Medical | Fee | N/A | 196 & 204 Grove Avenue | Township of West Deptford | Gloucester | NJ | 08086 | ||
Loan | 13 | 48.00 | Greystone in Westchester Cooperative #1 Inc. | 1 | Multifamily | Cooperative | Leasehold | 31-12-2052 | 830 North Broadway a/k/a 12 Dehaven Drive | Yonkers | Westchester | NY | 10703 | |
Loan | 13 | 49.00 | 6200 Riverdale Avenue Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 6200 Riverdale Avenue | Bronx | Bronx | NY | 10471 | |
Loan | 50.00 | Mariner's Cove MHP | 1 | Manufactured Housing | Manufactured Housing | Fee | N/A | 5796 Ulmerton Road | Clearwater | Pinellas | FL | 33760 | ||
Loan | 13 | 51.00 | 180 South Middle Neck Road Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 180 South Middle Neck Road | Great Neck | Nassau | NY | 11021 | |
Loan | 13 | 52.00 | 3215 Arlington Avenue Owners Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 3215 Arlington Avenue | Bronx | Bronx | NY | 10463 | |
Loan | 53.00 | 111 Veterans | 1 | Leased Fee | Leased Fee | Fee | N/A | 111 Veterans Memorial Boulevard | Metairie | Jefferson | LA | 70005 | ||
Loan | 13 | 54.00 | Top of the Lofts, Inc. | 1 | Multifamily | Cooperative | Fee | N/A | 129-131 West 22nd Street | New York | New York | NY | 10011 | |
Loan | 13 | 55.00 | 208-216 East 82nd St. Owners Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 208-216 East 82nd Street | New York | New York | NY | 10028 | |
Loan | 13 | 56.00 | Braddock Avenue Owners, Inc. | 1 | Multifamily | Cooperative | Fee | N/A | 222-89 Braddock Avenue | Bellrose | Queens | NY | 11428 | |
Loan | 57.00 | Las Casitas MHC | 1 | Manufactured Housing | Manufactured Housing | Fee | N/A | 33848 Avenue G | Yucaipa | San Bernardino | CA | 92399 | ||
Loan | 13 | 58.00 | Hillpark Plaza Inc. | 1 | Multifamily | Cooperative | Fee | N/A | 15 Hillpark Avenue | Great Neck | Nassau | NY | 11021 | |
Loan | 13 | 59.00 | Syldor Apartment Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 108-05 Astoria Boulevard | East Elmhurst | Queens | NY | 11369 | |
Loan | 13 | 60.00 | 250 Cabrini Boulevard, Inc. | 1 | Multifamily | Cooperative | Fee | N/A | 250 Cabrini Boulevard | New York | New York | NY | 10033 | |
Loan | 13 | 61.00 | 49 West 12 Tenants Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 49 West 12th Street | New York | New York | NY | 10011 | |
Loan | 13 | 62.00 | 57-65 West 93 Corp. | 1 | Multifamily | Cooperative | Fee | N/A | 57 West 93rd Street | New York | New York | NY | 10025 | |
Loan | 13 | 63.00 | Hamilton Cooperative Apartments, Inc. | 1 | Multifamily | Cooperative | Leasehold | 01-04-2051 | 221 McDonald Avenue | Brooklyn | Kings | NY | 11218 | |
C:
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Year Built | Year Renovated | Size | Units of Measure | Occupancy Rate(2) | Occupancy Rate As-of Date |
Appraised Value |
Appraised Value As-of Date |
Mortgage Rate |
Administrative Fee Rate(3) |
Master Servicing Fee Rate |
Primary Servicing Fee Rate |
Pari Passu Loan Primary Servicing Fee Rate |
Trustee Fee Rate |
Trust Advisor Fee Rate |
Asset Representations Reviewer Fee Rate | CREFC Fee Rate |
Interest Accrual Basis |
Seasoning (mos.) |
ARD (Yes/No) |
Original Term to Maturity (mos.) |
Remaining Term to Maturity (mos.) |
Original Interest-Only Period (mos.) |
Remaining Interest-Only Period (mos.) |
Original Amortization Term (mos.) |
Remaining Amortization Term (mos.) |
Note Date | |
Loan | 5 | 1.00 | CoolSprings Galleria | 1991 | 2017 | 6,40,176 | SF | 96.2% | 24-04-2018 | $32,20,00,000 | 23-03-2018 | 4.8390% | 0.01732% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00344% | 0.00033% | 0.00050% | 30/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 30-04-2018 | |
Loan | 5, 9, 16 | 2.00 | One Dulles Tower | 2002 | 2018 | 4,03,622 | SF | 100.0% | 01-05-2018 | $21,25,00,000 | 18-01-2018 | 3.9860% | 0.02233% | 0.00250% | 0.00750% | 0.00000% | 0.00805% | 0.00345% | 0.00033% | 0.00050% | Actual/360 | 2 | Yes | 120 | 118 | 120 | 118 | 0 | 0 | 28-02-2018 | |
Loan | 5, 8 | 3.00 | Fair Oaks Mall | 1980 | 2014 | 7,79,949 | SF | 91.6% | 01-02-2018 | $54,56,00,000 | 03-02-2018 | 4.2580% | 0.01746% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00358% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 60 | 60 | 0 | 0 | 360 | 360 | 27-04-2018 | |
Loan | 5, 11 | 4.00 | Rittenhouse Hill | 1952 | 2013 | 625 | Units | 94.1% | 12-04-2018 | $17,76,75,000 | 04-12-2017 | 4.7128% | 0.01779% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00391% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 26-04-2018 | |
Loan | 5, 9 | 5.00 | 181 Fremont Street | 2018 | N/A | 4,36,332 | SF | 100.0% | 01-05-2018 | $63,20,00,000 | 01-03-2021 | 3.7086% | 0.01621% | 0.00250% | 0.00000% | 0.00250% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | Yes | 120 | 119 | 120 | 119 | 0 | 0 | 29-03-2018 | |
Loan | 5, 6, 7, 9 | 6.00 | Extra Space - TIAA Self Storage Portfolio | 16,14,702 | SF | 92.2% | $39,41,60,000 | 4.5325% | 0.01621% | 0.00250% | 0.00000% | 0.00250% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 120 | 118 | 0 | 0 | 02-02-2018 | |||||
Property | 6.01 | Extra Space Washington | 1910 | N/A | 1,04,382 | SF | 92.1% | 31-12-2017 | $4,74,90,000 | 30-11-2017 | |||||||||||||||||||||
Property | 6.02 | Extra Space San Jose | 1985; 2016 | N/A | 66,854 | SF | 89.9% | 31-12-2017 | $2,47,50,000 | 27-11-2017 | |||||||||||||||||||||
Property | 6.03 | Extra Space San Diego | 1986 | N/A | 1,19,335 | SF | 88.1% | 31-12-2017 | $2,17,60,000 | 01-12-2017 | |||||||||||||||||||||
Property | 6.04 | Extra Space Panorama City | 1987 | N/A | 77,395 | SF | 92.7% | 31-12-2017 | $2,15,50,000 | 30-11-2017 | |||||||||||||||||||||
Property | 6.05 | Extra Space Norwalk | 1977 | N/A | 79,529 | SF | 92.8% | 31-12-2017 | $2,21,50,000 | 30-11-2017 | |||||||||||||||||||||
Property | 6.06 | Extra Space Miami East | 1987 | 2009 | 80,390 | SF | 91.8% | 31-12-2017 | $1,96,00,000 | 28-11-2017 | |||||||||||||||||||||
Property | 6.07 | Extra Space Miami West | 1987 | 2009 | 75,564 | SF | 95.7% | 31-12-2017 | $1,90,00,000 | 28-11-2017 | |||||||||||||||||||||
Property | 6.08 | Extra Space Palo Alto | 1989 | N/A | 45,836 | SF | 92.1% | 31-12-2017 | $1,82,30,000 | 27-11-2017 | |||||||||||||||||||||
Property | 6.09 | Extra Space Covina | 1973 | N/A | 74,537 | SF | 91.9% | 31-12-2017 | $1,74,50,000 | 30-11-2017 | |||||||||||||||||||||
Property | 6.10 | Extra Space Gaithersburg | 1988 | N/A | 74,341 | SF | 91.5% | 31-12-2017 | $1,43,50,000 | 01-12-2017 | |||||||||||||||||||||
Property | 6.11 | Extra Space Philadelphia | 1970; 1988 | N/A | 68,425 | SF | 93.9% | 31-12-2017 | $1,38,60,000 | 27-11-2017 | |||||||||||||||||||||
Property | 6.12 | Extra Space Westminster | 1988 | N/A | 65,997 | SF | 94.7% | 31-12-2017 | $1,56,80,000 | 29-11-2017 | |||||||||||||||||||||
Property | 6.13 | Extra Space Newark | 1988 | N/A | 64,300 | SF | 91.1% | 31-12-2017 | $1,25,90,000 | 27-11-2017 | |||||||||||||||||||||
Property | 6.14 | Extra Space Essex | 1991 | N/A | 60,425 | SF | 93.5% | 31-12-2017 | $1,13,40,000 | 30-11-2017 | |||||||||||||||||||||
Property | 6.15 | Extra Space New Bedford | 1989; 2003 | N/A | 65,350 | SF | 93.6% | 31-12-2017 | $1,03,00,000 | 28-11-2017 | |||||||||||||||||||||
Property | 6.16 | Extra Space Birmingham | 1988 | N/A | 73,366 | SF | 94.8% | 31-12-2017 | $92,50,000 | 27-11-2017 | |||||||||||||||||||||
Property | 6.17 | Extra Space Haverhill | 1989 | N/A | 53,490 | SF | 86.6% | 31-12-2017 | $1,16,80,000 | 29-11-2017 | |||||||||||||||||||||
Property | 6.18 | Extra Space Shrewsbury | 1982 | N/A | 65,300 | SF | 92.1% | 31-12-2017 | $90,20,000 | 28-11-2017 | |||||||||||||||||||||
Property | 6.19 | Extra Space Dallas | 1973 | N/A | 47,472 | SF | 90.0% | 31-12-2017 | $76,50,000 | 28-11-2017 | |||||||||||||||||||||
Property | 6.20 | Extra Space Enfield | 1982 | N/A | 65,650 | SF | 93.0% | 31-12-2017 | $76,80,000 | 25-11-2017 | |||||||||||||||||||||
Property | 6.21 | Extra Space San Diego Miramar | 1986 | N/A | 36,384 | SF | 92.3% | 31-12-2017 | $70,50,000 | 01-12-2017 | |||||||||||||||||||||
Property | 6.22 | Extra Space Shawnee | 1987 | N/A | 56,240 | SF | 95.1% | 31-12-2017 | $56,70,000 | 01-12-2017 | |||||||||||||||||||||
Property | 6.23 | Extra Space Overland Park | 1990 | N/A | 46,890 | SF | 94.3% | 31-12-2017 | $56,20,000 | 04-12-2017 | |||||||||||||||||||||
Property | 6.24 | Extra Space Tucson | 1984 | N/A | 47,250 | SF | 91.3% | 31-12-2017 | $42,70,000 | 28-11-2017 | |||||||||||||||||||||
Loan | 5, 11, 12 | 7.00 | The Gateway | 1965-1967 | 2010-2018 | 1,254 | Units | 96.7% | 25-01-2018 | $86,88,00,000 | 01-02-2018 | 3.721818% | 0.01496% | 0.00250% | 0.00000% | 0.00125% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 16-03-2018 | |
Loan | 5, 6, 7, 9, 10 | 8.00 | Northwest Hotel Portfolio | 818 | Rooms | 79.4% | $17,35,00,000 | 5.0180% | 0.01621% | 0.00250% | 0.00000% | 0.00250% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 300 | 299 | 22-03-2018 | |||||
Property | 8.01 | Hilton Garden Inn Bend | 2004 | 2012 | 96 | Rooms | 85.4% | 31-12-2017 | $3,04,00,000 | 01-10-2018 | |||||||||||||||||||||
Property | 8.02 | Hampton Inn & Suites Bend | 2014 | N/A | 114 | Rooms | 80.0% | 31-12-2017 | $3,02,00,000 | 01-10-2017 | |||||||||||||||||||||
Property | 8.03 | Hilton Garden Inn Salt Lake City Downtown | 2006 | N/A | 132 | Rooms | 81.9% | 31-12-2017 | $2,92,00,000 | 01-10-2018 | |||||||||||||||||||||
Property | 8.04 | Hampton Inn & Suites Coeur d'Alene | 2007 | N/A | 124 | Rooms | 80.2% | 31-12-2017 | $2,90,00,000 | 01-10-2018 | |||||||||||||||||||||
Property | 8.05 | Hampton Inn & Suites Boise Spectrum | 1998 | 2011 | 133 | Rooms | 80.7% | 31-12-2017 | $2,77,00,000 | 01-10-2018 | |||||||||||||||||||||
Property | 8.06 | La Quinta Inns & Suites Coeur d'Alene | 1997 | 2014 | 118 | Rooms | 67.3% | 31-12-2017 | $1,40,00,000 | 01-10-2017 | |||||||||||||||||||||
Property | 8.07 | La Quinta Inns & Suites Twin Falls | 2008 | N/A | 101 | Rooms | 77.0% | 31-12-2017 | $1,30,00,000 | 01-10-2018 | |||||||||||||||||||||
Loan | 9.00 | Centerville Marketplace | 2000; 2014 | N/A | 1,31,184 | SF | 98.9% | 15-03-2018 | $2,71,00,000 | 14-02-2018 | 4.8150% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 06-04-2018 | ||
Loan | 5, 6 | 10.00 | North Bay Portfolio | 5,12,165 | SF | 92.2% | $8,65,00,000 | 4.5040% | 0.02621% | 0.00250% | 0.01000% | 0.00250% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 60 | 59 | 360 | 360 | 08-03-2018 | |||||
Property | 10.01 | Petaluma Business Center | 1990; 2000 | 2004 | 2,13,210 | SF | 90.3% | 15-02-2018 | $3,48,00,000 | 30-01-2018 | |||||||||||||||||||||
Property | 10.02 | South Petaluma Business Center | 2007 | N/A | 1,49,634 | SF | 100.0% | 15-02-2018 | $2,94,00,000 | 30-01-2018 | |||||||||||||||||||||
Property | 10.03 | Lakeville Business Center | 1997; 2001 | N/A | 1,49,321 | SF | 86.9% | 15-02-2018 | $2,23,00,000 | 31-01-2018 | |||||||||||||||||||||
Loan | 11.00 | Pico Rivera Marketplace | 2001; 2007 | N/A | 89,189 | SF | 84.3% | 01-01-2018 | $3,62,00,000 | 29-01-2018 | 4.6550% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 26-04-2018 | ||
Loan | 5, 9, 16 | 12.00 | Apple Campus 3 | 2017 | N/A | 8,82,657 | SF | 100.0% | 01-05-2018 | $77,36,00,000 | 01-06-2019 | 3.364978% | 0.01621% | 0.00250% | 0.00000% | 0.00250% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 4 | Yes | 120 | 116 | 120 | 116 | 0 | 0 | 14-12-2017 | |
Loan | 13 | 13.00 | Rex Ridge Apartment Corporation | 1955 | 1998 | 372 | Units | 98.0% | 27-03-2018 | $8,09,00,000 | 3/27/2018 | 4.1400% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 24-04-2018 | |
Loan | 6, 7, 14 | 14.00 | Hampton & Homewood Memphis | 256 | Rooms | 66.4% | $2,62,00,000 | 5.5800% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 2 | No | 120 | 118 | 0 | 0 | 336 | 334 | 22-02-2018 | |||||
Property | 14.01 | Homewood Suites Memphis Southwind | 2002 | 2014; 2015 | 123 | Rooms | 71.2% | 31-01-2018 | $1,38,00,000 | 25-10-2017 | |||||||||||||||||||||
Property | 14.02 | Hampton Inn Memphis Southwind | 1999 | 2013-2015 | 133 | Rooms | 62.0% | 31-01-2018 | $1,24,00,000 | 25-10-2017 | |||||||||||||||||||||
Loan | 13 | 15.00 | 444 East 86th Owners Corp. | 1973 | 1998 | 289 | Units | 97.0% | 15-01-2018 | $34,10,00,000 | 1/15/2018 | 3.9100% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 480 | 480 | 02-04-2018 | |
Loan | 13 | 16.00 | 17-85 215th Street Owners', Inc. (A/K/A 17-85 215th Street Owners' Inc.) | 1969 | 2008 | 284 | Units | 98.0% | 05-04-2018 | $13,32,00,000 | 4/5/2018 | 4.1700% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 300 | 300 | 27-04-2018 | |
Loan | 17.00 | Value Store It - Pompano Beach | 2001; 2016 | N/A | 1,05,952 | SF | 90.9% | 23-03-2018 | $2,05,90,000 | 02-03-2018 | 4.6950% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 29-03-2018 | ||
Loan | 18.00 | Hampton Inn & Suites - Woodinville | 2016 | N/A | 102 | Rooms | 62.3% | 31-03-2018 | $1,79,00,000 | 13-02-2018 | 4.9200% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 16-04-2018 | ||
Loan | 19.00 | 6th & Sable Retail | 1987 | N/A | 1,46,167 | SF | 96.6% | 27-02-2018 | $2,15,00,000 | 15-02-2018 | 5.1690% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 09-04-2018 | ||
Loan | 20.00 | Doubletree Kenosha | 1998 | 2017 | 120 | Rooms | 72.8% | 31-03-2018 | $1,52,00,000 | 06-03-2018 | 5.0490% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 05-04-2018 | ||
Loan | 14, 15 | 21.00 | Valley Medical Center | 2007 | N/A | 44,375 | SF | 94.1% | 01-03-2018 | $1,47,50,000 | 14-02-2018 | 4.9800% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 30-04-2018 | |
Loan | 13, 14 | 22.00 | Sherman Square | 1983 | 2013 | 31,501 | SF | 81.3% | 05-03-2018 | $1,62,00,000 | 12-02-2018 | 4.8700% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 24 | 23 | 360 | 360 | 23-03-2018 | |
Loan | 14 | 23.00 | Holiday Inn Express at the Stadiums | 1960 | 2015 | 123 | Rooms | 74.0% | 28-02-2018 | $1,32,00,000 | 01-04-2018 | 5.0000% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 01-05-2018 | |
Loan | 24.00 | Courtyard Marriott - El Paso | 2017 | N/A | 104 | Rooms | 63.3% | 28-02-2018 | $1,55,00,000 | 01-02-2018 | 5.0420% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 36 | 35 | 360 | 360 | 22-03-2018 | ||
Loan | 25.00 | Safeway - Everett | 2002 | N/A | 46,235 | SF | 100.0% | 01-05-2018 | $1,33,30,000 | 12-03-2018 | 4.3600% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 28-03-2018 | ||
Loan | 26.00 | Old Kings Commons | 1988; 1992 | N/A | 84,759 | SF | 100.0% | 31-01-2018 | $1,08,00,000 | 02-01-2018 | 4.9400% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 06-04-2018 | ||
Loan | 14 | 27.00 | Holiday Inn Express Newport News | 2003 | 2016 | 122 | Rooms | 67.0% | 31-01-2018 | $1,12,00,000 | 22-02-2018 | 5.2250% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 29-03-2018 | |
Loan | 13 | 28.00 | Carlshire Tenants, Inc. | 1954 | 2003 | 109 | Units | 98.0% | 15-03-2018 | $4,88,00,000 | 3/15/2018 | 4.2200% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 24-04-2018 | |
Loan | 13 | 29.00 | Hudson Courts Owners, Inc. | 1965 | 1993 | 117 | Units | 98.0% | 16-01-2018 | $1,81,00,000 | 1/16/2018 | 4.5700% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 29-03-2018 | |
Loan | 13 | 30.00 | 229 East 79 Limited | 1926 | 2003 | 72 | Units | 98.0% | 08-02-2018 | $10,97,00,000 | 2/8/2018 | 4.2500% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 28-03-2018 | |
Loan | 31.00 | Safeway Fraser | 1998 | N/A | 52,300 | SF | 100.0% | 01-05-2018 | $1,04,60,000 | 18-02-2018 | 4.8850% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 06-04-2018 | ||
Loan | 32.00 | SPS-Sacramento IV | 1985 | 2006 | 68,475 | SF | 98.7% | 08-03-2018 | $1,01,30,000 | 22-03-2018 | 4.6100% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 24-04-2018 | ||
Loan | 13 | 33.00 | 3755 Owners Ltd. | 1961 | 1998 | 91 | Units | 97.0% | 01-03-2018 | $4,51,60,000 | 3/1/2018 | 4.2600% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 27-03-2018 | |
Loan | 34.00 | Safeway Duvall | 2001 | 2010 | 44,816 | SF | 100.0% | 01-05-2018 | $94,00,000 | 26-02-2018 | 4.8877% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 13-04-2018 | ||
Loan | 15 | 35.00 | Walgreens Concord | 2008 | N/A | 11,446 | SF | 100.0% | 01-05-2018 | $95,50,000 | 14-03-2018 | 4.8800% | 0.07371% | 0.00250% | 0.06000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 26-04-2018 | |
Loan | 36.00 | Villa Marina | 1971 | 2009 | 184 | Units | 91.3% | 28-02-2018 | $94,90,000 | 28-02-2018 | 4.6700% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 27-04-2018 | ||
Loan | 37.00 | Bell Park Plaza | 1986 | 2002 | 33,480 | SF | 92.9% | 05-01-2018 | $72,30,000 | 21-12-2017 | 5.5600% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 2 | No | 60 | 58 | 0 | 0 | 360 | 358 | 28-02-2018 | ||
Loan | 38.00 | The Center on Calloway | 2007 | N/A | 23,121 | SF | 100.0% | 06-03-2018 | $66,00,000 | 16-01-2018 | 5.1600% | 0.06621% | 0.00250% | 0.05250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 13-03-2018 | ||
Loan | 14 | 39.00 | Oaks on Henry | 2016 | N/A | 52 | Units | 94.2% | 11-04-2018 | $75,00,000 | 28-03-2018 | 4.5400% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 60 | 60 | 360 | 360 | 27-04-2018 | |
Loan | 40.00 | Weller Building | 2001 | N/A | 44,417 | SF | 97.7% | 01-03-2018 | $1,08,50,000 | 15-02-2018 | 4.3450% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 300 | 299 | 29-03-2018 | ||
Loan | 13 | 41.00 | Stonegate X Apartment Owners Corp. a/k/a Stonegate X Apartment Owner's Corp. | 1966 | 2005 | 96 | Units | 98.0% | 19-03-2018 | $1,27,10,000 | 19-03-2018 | 4.2200% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 17-04-2018 | |
Loan | 42.00 | The Summit Apartments | 1973 | 2012 | 168 | Units | 91.7% | 08-03-2018 | $70,00,000 | 16-02-2018 | 4.8200% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 300 | 299 | 15-03-2018 | ||
Loan | 14 | 43.00 | Fedex Ground - Emporia | 2008 | 2015 | 50,678 | SF | 100.0% | 01-05-2018 | $85,00,000 | 01-03-2018 | 4.5150% | 0.08371% | 0.00250% | 0.07000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 13-04-2018 | |
Loan | 15 | 44.00 | Walgreens Bloomington | 2008 | N/A | 14,820 | SF | 100.0% | 01-05-2018 | $68,00,000 | 22-02-2018 | 4.9300% | 0.07621% | 0.00250% | 0.06250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 30-04-2018 | |
Loan | 13 | 45.00 | Fairfield Greens Owners, Inc. | 1961-1962 | 1998 | 60 | Units | 98.0% | 20-02-2018 | $1,25,84,000 | 2/20/2018 | 4.2400% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 480 | 479 | 30-03-2018 | |
Loan | 46.00 | AFGlobal | 1976 | 2012 | 57,559 | SF | 100.0% | 01-03-2018 | $68,00,000 | 01-03-2018 | 4.9500% | 0.08371% | 0.00250% | 0.07000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 36 | 36 | 360 | 360 | 19-04-2018 | ||
Loan | 47.00 | 196 & 204 Grove Avenue | 2004 | N/A | 23,525 | SF | 100.0% | 17-04-2018 | $45,00,000 | 22-03-2018 | 5.2300% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 27-04-2018 | ||
Loan | 13 | 48.00 | Greystone in Westchester Cooperative #1 Inc. | 1953 | 2003 | 112 | Units | 98.0% | 04-04-2018 | $1,93,20,000 | 4/4/2018 | 4.1200% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 01-05-2018 | |
Loan | 13 | 49.00 | 6200 Riverdale Avenue Corp. | 1958 | 2006 | 60 | Units | 96.9% | 22-02-2018 | $1,13,20,000 | 2/22/2018 | 4.1900% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 30-04-2018 | |
Loan | 50.00 | Mariner's Cove MHP | 1962 | N/A | 93 | Pads | 97.8% | 26-03-2018 | $56,30,000 | 09-10-2017 | 5.1150% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 27-03-2018 | ||
Loan | 13 | 51.00 | 180 South Middle Neck Road Corp. | 1965 | 1998 | 51 | Units | 96.0% | 05-03-2018 | $2,24,00,000 | 3/5/2018 | 4.2000% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 30-03-2018 | |
Loan | 13 | 52.00 | 3215 Arlington Avenue Owners Corp. | 1958 | 2011 | 68 | Units | 97.0% | 22-02-2018 | $1,74,00,000 | 2/22/2018 | 4.1800% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 22-03-2018 | |
Loan | 53.00 | 111 Veterans | 1982 | N/A | 1,54,202 | SF | 100.0% | 01-05-2018 | $42,00,000 | 03-02-2018 | 5.8190% | 0.01621% | 0.00250% | 0.00250% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 25-04-2018 | ||
Loan | 13 | 54.00 | Top of the Lofts, Inc. | 1909 | 2011 | 16 | Units | 96.0% | 25-01-2018 | $4,54,75,000 | 1/25/2018 | 4.2100% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 02-04-2018 | |
Loan | 13 | 55.00 | 208-216 East 82nd St. Owners Corp. | 1910 | 2013 | 69 | Units | 97.7% | 24-01-2018 | $3,47,00,000 | 1/24/2018 | 4.3200% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 13-04-2018 | |
Loan | 13 | 56.00 | Braddock Avenue Owners, Inc. | 1964 | 2008 | 47 | Units | 96.0% | 21-12-2017 | $74,00,000 | 12/21/2017 | 4.3300% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 480 | 479 | 28-03-2018 | |
Loan | 57.00 | Las Casitas MHC | 1960 | N/A | 70 | Pads | 97.1% | 23-02-2018 | $34,00,000 | 05-02-2018 | 4.5850% | 0.16599% | 0.00250% | 0.15228% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 120 | 119 | 0 | 0 | 29-03-2018 | ||
Loan | 13 | 58.00 | Hillpark Plaza Inc. | 1960 | 2003 | 42 | Units | 95.0% | 12-02-2018 | $1,12,00,000 | 2/12/2018 | 4.2200% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 29-03-2018 | |
Loan | 13 | 59.00 | Syldor Apartment Corp. | 1965 | 2003 | 42 | Units | 96.0% | 11-01-2018 | $71,00,000 | 1/11/2018 | 4.2300% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 16-04-2018 | |
Loan | 13 | 60.00 | 250 Cabrini Boulevard, Inc. | 1936 | 2003 | 73 | Units | 98.0% | 06-03-2018 | $4,67,60,000 | 3/6/2018 | 4.1900% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 1 | No | 120 | 119 | 0 | 0 | 360 | 359 | 30-03-2018 | |
Loan | 13 | 61.00 | 49 West 12 Tenants Corp. | 1950 | 2017 | 68 | Units | 96.0% | 28-02-2018 | $9,30,00,000 | 2/28/2018 | 4.1900% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 120 | 120 | 0 | 0 | 30-04-2018 | |
Loan | 13 | 62.00 | 57-65 West 93 Corp. | 1925 | 1998 | 36 | Units | 96.0% | 21-02-2018 | $2,53,00,000 | 2/21/2018 | 4.1800% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 02-04-2018 | |
Loan | 13 | 63.00 | Hamilton Cooperative Apartments, Inc. | 1953 | 2015 | 160 | Units | 98.0% | 01-11-2017 | $8,23,00,000 | 11/1/2017 | 4.5800% | 0.09121% | 0.08000% | 0.00000% | 0.00000% | 0.00805% | 0.00233% | 0.00033% | 0.00050% | Actual/360 | 0 | No | 120 | 120 | 0 | 0 | 360 | 360 | 25-04-2018 | |
C:
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | First Payment Date |
First P&I Payment Date (Partial IO Loans) |
Maturity Date |
ARD Loan Final Maturity Date |
Monthly Debt Service (P&I) |
Monthly Debt Service (IO) |
Annual Debt Service (P&I) |
Annual Debt Service (IO) |
Lockbox Type | Cash Management Status | Crossed With Other Loans |
Related-Borrower Loans | UW NOI DSCR (P&I) |
UW NOI DSCR (IO) |
UW NCF DSCR (P&I) |
UW NCF DSCR (IO) |
Cut-Off Date LTV Ratio |
Maturity Date LTV Ratio |
Loan | 5 | 1.00 | CoolSprings Galleria | 11-06-2018 | N/A | 11-05-2028 | N/A | $4,74,322.75 | $0.00 | $56,91,873.00 | $0.00 | Hard | Springing | No | N/A | 2.01x | N/A | 1.91x | N/A | 48.1% | 39.1% |
Loan | 5, 9, 16 | 2.00 | One Dulles Tower | 11-04-2018 | N/A | 11-03-2028 | 30-09-2029 | $0.00 | $2,99,734.28 | $0.00 | $35,96,811.36 | Hard | In Place | No | N/A | N/A | 2.18x | N/A | 2.17x | 71.5% | 71.5% |
Loan | 5, 8 | 3.00 | Fair Oaks Mall | 10-06-2018 | N/A | 10-05-2023 | N/A | $3,73,909.11 | $0.00 | $44,86,909.32 | $0.00 | Hard | Springing | No | N/A | 3.05x | N/A | 2.89x | N/A | 32.1% | 29.8% |
Loan | 5, 11 | 4.00 | Rittenhouse Hill | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $2,50,858.42 | $0.00 | $30,10,301.04 | Soft | Springing | No | N/A | N/A | 1.68x | N/A | 1.65x | 63.6% | 63.6% |
Loan | 5, 9 | 5.00 | 181 Fremont Street | 06-05-2018 | N/A | 06-04-2028 | 06-04-2031 | $0.00 | $1,81,738.57 | $0.00 | $21,80,862.84 | Hard | In Place | No | Group 1 | N/A | 3.15x | N/A | 3.14x | 39.6% | 39.6% |
Loan | 5, 6, 7, 9 | 6.00 | Extra Space - TIAA Self Storage Portfolio | 01-04-2018 | N/A | 01-03-2028 | N/A | $0.00 | $2,22,113.48 | $0.00 | $26,65,361.76 | Springing | Springing | No | N/A | N/A | 1.99x | N/A | 1.97x | 58.1% | 58.1% |
Property | 6.01 | Extra Space Washington | |||||||||||||||||||
Property | 6.02 | Extra Space San Jose | |||||||||||||||||||
Property | 6.03 | Extra Space San Diego | |||||||||||||||||||
Property | 6.04 | Extra Space Panorama City | |||||||||||||||||||
Property | 6.05 | Extra Space Norwalk | |||||||||||||||||||
Property | 6.06 | Extra Space Miami East | |||||||||||||||||||
Property | 6.07 | Extra Space Miami West | |||||||||||||||||||
Property | 6.08 | Extra Space Palo Alto | |||||||||||||||||||
Property | 6.09 | Extra Space Covina | |||||||||||||||||||
Property | 6.10 | Extra Space Gaithersburg | |||||||||||||||||||
Property | 6.11 | Extra Space Philadelphia | |||||||||||||||||||
Property | 6.12 | Extra Space Westminster | |||||||||||||||||||
Property | 6.13 | Extra Space Newark | |||||||||||||||||||
Property | 6.14 | Extra Space Essex | |||||||||||||||||||
Property | 6.15 | Extra Space New Bedford | |||||||||||||||||||
Property | 6.16 | Extra Space Birmingham | |||||||||||||||||||
Property | 6.17 | Extra Space Haverhill | |||||||||||||||||||
Property | 6.18 | Extra Space Shrewsbury | |||||||||||||||||||
Property | 6.19 | Extra Space Dallas | |||||||||||||||||||
Property | 6.20 | Extra Space Enfield | |||||||||||||||||||
Property | 6.21 | Extra Space San Diego Miramar | |||||||||||||||||||
Property | 6.22 | Extra Space Shawnee | |||||||||||||||||||
Property | 6.23 | Extra Space Overland Park | |||||||||||||||||||
Property | 6.24 | Extra Space Tucson | |||||||||||||||||||
Loan | 5, 11, 12 | 7.00 | The Gateway | 06-05-2018 | N/A | 06-04-2028 | N/A | $0.00 | $1,72,952.54 | $0.00 | $20,75,430.48 | Soft | Springing | No | N/A | N/A | 3.02x | N/A | 3.00x | 38.0% | 38.0% |
Loan | 5, 6, 7, 9, 10 | 8.00 | Northwest Hotel Portfolio | 11-05-2018 | N/A | 11-04-2028 | N/A | $1,93,221.84 | $0.00 | $23,18,662.08 | $0.00 | Hard | Springing | No | N/A | 1.96x | N/A | 1.78x | N/A | 65.1% | 49.0% |
Property | 8.01 | Hilton Garden Inn Bend | |||||||||||||||||||
Property | 8.02 | Hampton Inn & Suites Bend | |||||||||||||||||||
Property | 8.03 | Hilton Garden Inn Salt Lake City Downtown | |||||||||||||||||||
Property | 8.04 | Hampton Inn & Suites Coeur d'Alene | |||||||||||||||||||
Property | 8.05 | Hampton Inn & Suites Boise Spectrum | |||||||||||||||||||
Property | 8.06 | La Quinta Inns & Suites Coeur d'Alene | |||||||||||||||||||
Property | 8.07 | La Quinta Inns & Suites Twin Falls | |||||||||||||||||||
Loan | 9.00 | Centerville Marketplace | 01-06-2018 | N/A | 01-05-2028 | N/A | $1,04,010.78 | $0.00 | $12,48,129.36 | $0.00 | Hard | Springing | No | N/A | 1.64x | N/A | 1.39x | N/A | 73.0% | 59.8% | |
Loan | 5, 6 | 10.00 | North Bay Portfolio | 01-05-2018 | 01-05-2023 | 01-04-2028 | N/A | $96,315.37 | $72,303.80 | $11,55,784.44 | $8,67,645.60 | Springing | Springing | No | N/A | 1.85x | 2.46x | 1.66x | 2.21x | 62.4% | 57.2% |
Property | 10.01 | Petaluma Business Center | |||||||||||||||||||
Property | 10.02 | South Petaluma Business Center | |||||||||||||||||||
Property | 10.03 | Lakeville Business Center | |||||||||||||||||||
Loan | 11.00 | Pico Rivera Marketplace | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $74,334.53 | $0.00 | $8,92,014.36 | Springing | Springing | No | N/A | N/A | 2.09x | N/A | 1.95x | 52.2% | 52.2% | |
Loan | 5, 9, 16 | 12.00 | Apple Campus 3 | 06-02-2018 | N/A | 06-01-2028 | 06-04-2031 | $0.00 | $48,332.61 | $0.00 | $5,79,991.32 | Hard | In Place | No | Group 1 | N/A | 3.57x | N/A | 3.55x | 44.0% | 44.0% |
Loan | 13 | 13.00 | Rex Ridge Apartment Corporation | 01-06-2018 | N/A | 01-05-2028 | N/A | $82,538.68 | $0.00 | $9,90,464.16 | $0.00 | N/A | N/A | No | N/A | 4.48x | N/A | 4.39x | N/A | 21.0% | 16.8% |
Loan | 6, 7, 14 | 14.00 | Hampton & Homewood Memphis | 01-04-2018 | N/A | 01-03-2028 | N/A | $95,990.78 | $0.00 | $11,51,889.36 | $0.00 | Hard | Springing | No | N/A | 1.87x | N/A | 1.63x | N/A | 62.1% | 50.6% |
Property | 14.01 | Homewood Suites Memphis Southwind | |||||||||||||||||||
Property | 14.02 | Hampton Inn Memphis Southwind | |||||||||||||||||||
Loan | 13 | 15.00 | 444 East 86th Owners Corp. | 01-06-2018 | N/A | 01-05-2028 | N/A | $64,740.29 | $0.00 | $7,76,883.48 | $0.00 | N/A | N/A | No | N/A | 8.37x | N/A | 8.22x | N/A | 4.6% | 4.1% |
Loan | 13 | 16.00 | 17-85 215th Street Owners', Inc. (A/K/A 17-85 215th Street Owners' Inc.) | 01-06-2018 | N/A | 01-05-2028 | N/A | $73,874.43 | $0.00 | $8,86,493.16 | $0.00 | N/A | N/A | No | N/A | 5.67x | N/A | 5.58x | N/A | 10.3% | 7.5% |
Loan | 17.00 | Value Store It - Pompano Beach | 01-05-2018 | N/A | 01-04-2028 | N/A | $0.00 | $49,585.50 | $0.00 | $5,95,026.00 | N/A | N/A | No | N/A | N/A | 2.11x | N/A | 2.08x | 60.7% | 60.7% | |
Loan | 18.00 | Hampton Inn & Suites - Woodinville | 11-06-2018 | N/A | 11-05-2028 | N/A | $58,513.73 | $0.00 | $7,02,164.76 | $0.00 | Springing | Springing | No | N/A | 1.86x | N/A | 1.65x | N/A | 61.5% | 50.5% | |
Loan | 19.00 | 6th & Sable Retail | 01-06-2018 | N/A | 01-05-2028 | N/A | $54,719.74 | $0.00 | $6,56,636.88 | $0.00 | Springing | Springing | No | N/A | 2.33x | N/A | 2.15x | N/A | 46.5% | 38.5% | |
Loan | 20.00 | Doubletree Kenosha | 01-06-2018 | N/A | 01-05-2028 | N/A | $53,982.03 | $0.00 | $6,47,784.36 | $0.00 | Hard | Springing | No | N/A | 2.03x | N/A | 1.76x | N/A | 65.8% | 54.3% | |
Loan | 14, 15 | 21.00 | Valley Medical Center | 01-06-2018 | N/A | 01-05-2028 | N/A | $53,560.00 | $0.00 | $6,42,720.00 | $0.00 | Springing | Springing | No | N/A | 1.52x | N/A | 1.38x | N/A | 67.8% | 55.8% |
Loan | 13, 14 | 22.00 | Sherman Square | 01-05-2018 | 01-05-2020 | 01-04-2028 | N/A | $51,039.31 | $39,706.85 | $6,12,471.72 | $4,76,482.20 | Springing | Springing | No | N/A | 1.26x | 1.62x | 1.22x | 1.57x | 59.6% | 51.5% |
Loan | 14 | 23.00 | Holiday Inn Express at the Stadiums | 01-06-2018 | N/A | 01-05-2028 | N/A | $49,602.32 | $0.00 | $5,95,227.84 | $0.00 | Springing | Springing | No | N/A | 2.10x | N/A | 1.86x | N/A | 70.0% | 57.7% |
Loan | 24.00 | Courtyard Marriott - El Paso | 01-05-2018 | 01-05-2021 | 01-04-2028 | N/A | $46,927.05 | $37,062.20 | $5,63,124.60 | $4,44,746.40 | Springing | Springing | No | N/A | 2.13x | 2.70x | 1.92x | 2.43x | 56.1% | 49.8% | |
Loan | 25.00 | Safeway - Everett | 11-05-2018 | N/A | 11-04-2028 | N/A | $0.00 | $28,549.42 | $0.00 | $3,42,593.04 | Springing | Springing | No | N/A | N/A | 1.99x | N/A | 1.87x | 58.1% | 58.1% | |
Loan | 26.00 | Old Kings Commons | 01-06-2018 | N/A | 01-05-2028 | N/A | $40,920.08 | $0.00 | $4,91,040.96 | $0.00 | Springing | Springing | No | N/A | 1.76x | N/A | 1.58x | N/A | 71.1% | 58.5% | |
Loan | 14 | 27.00 | Holiday Inn Express Newport News | 01-05-2018 | N/A | 01-04-2028 | N/A | $38,545.94 | $0.00 | $4,62,551.28 | $0.00 | Springing | Springing | No | N/A | 1.96x | N/A | 1.72x | N/A | 62.4% | 51.9% |
Loan | 13 | 28.00 | Carlshire Tenants, Inc. | 01-06-2018 | N/A | 01-05-2028 | N/A | $31,862.04 | $0.00 | $3,82,344.48 | $0.00 | N/A | N/A | No | N/A | 5.06x | N/A | 4.96x | N/A | 13.3% | 10.7% |
Loan | 13 | 29.00 | Hudson Courts Owners, Inc. | 01-05-2018 | N/A | 01-04-2028 | N/A | $33,205.45 | $0.00 | $3,98,465.40 | $0.00 | N/A | N/A | No | N/A | 3.07x | N/A | 2.98x | N/A | 35.9% | 29.2% |
Loan | 13 | 30.00 | 229 East 79 Limited | 01-05-2018 | N/A | 01-04-2028 | N/A | $0.00 | $21,904.22 | $0.00 | $2,62,850.64 | N/A | N/A | No | N/A | N/A | 10.39x | N/A | 10.29x | 5.6% | 5.6% |
Loan | 31.00 | Safeway Fraser | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $24,937.59 | $0.00 | $2,99,251.08 | Springing | Springing | No | Group 2 | N/A | 1.99x | N/A | 1.87x | 57.8% | 57.8% | |
Loan | 32.00 | SPS-Sacramento IV | 11-06-2018 | N/A | 11-05-2028 | N/A | $29,896.36 | $0.00 | $3,58,756.32 | $0.00 | N/A | N/A | No | N/A | 1.66x | N/A | 1.63x | N/A | 57.5% | 46.8% | |
Loan | 13 | 33.00 | 3755 Owners Ltd. | 01-05-2018 | N/A | 01-04-2028 | N/A | $28,073.95 | $0.00 | $3,36,887.40 | $0.00 | N/A | N/A | No | N/A | 6.51x | N/A | 6.42x | N/A | 12.6% | 10.1% |
Loan | 34.00 | Safeway Duvall | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $23,183.88 | $0.00 | $2,78,206.56 | Springing | Springing | No | Group 2 | N/A | 1.81x | N/A | 1.68x | 59.7% | 59.7% | |
Loan | 15 | 35.00 | Walgreens Concord | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $22,265.00 | $0.00 | $2,67,180.00 | Hard | In Place | No | N/A | N/A | 1.91x | N/A | 1.90x | 56.5% | 56.5% |
Loan | 36.00 | Villa Marina | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $20,123.16 | $0.00 | $2,41,477.92 | Springing | Springing | No | N/A | N/A | 2.58x | N/A | 2.36x | 53.7% | 53.7% | |
Loan | 37.00 | Bell Park Plaza | 11-04-2018 | N/A | 11-03-2023 | N/A | $28,863.74 | $0.00 | $3,46,364.88 | $0.00 | N/A | N/A | No | N/A | 1.53x | N/A | 1.43x | N/A | 69.7% | 65.1% | |
Loan | 38.00 | The Center on Calloway | 11-05-2018 | N/A | 11-04-2028 | N/A | $26,238.84 | $0.00 | $3,14,866.08 | $0.00 | Springing | Springing | No | N/A | 1.49x | N/A | 1.42x | N/A | 72.6% | 60.2% | |
Loan | 14 | 39.00 | Oaks on Henry | 01-06-2018 | 01-06-2023 | 01-05-2028 | N/A | $22,907.92 | $17,261.46 | $2,74,895.04 | $2,07,137.52 | Springing | Springing | No | N/A | 1.62x | 2.15x | 1.57x | 2.09x | 60.0% | 55.0% |
Loan | 40.00 | Weller Building | 01-05-2018 | N/A | 01-04-2028 | N/A | $24,618.21 | $0.00 | $2,95,418.52 | $0.00 | Springing | Springing | No | N/A | 1.93x | N/A | 1.60x | N/A | 41.4% | 30.4% | |
Loan | 13 | 41.00 | Stonegate X Apartment Owners Corp. a/k/a Stonegate X Apartment Owner's Corp. | 01-06-2018 | N/A | 01-05-2028 | N/A | $21,323.06 | $0.00 | $2,55,876.72 | $0.00 | N/A | N/A | No | N/A | 3.41x | N/A | 3.31x | N/A | 34.2% | 27.5% |
Loan | 42.00 | The Summit Apartments | 11-05-2018 | N/A | 11-04-2028 | N/A | $24,544.95 | $0.00 | $2,94,539.40 | $0.00 | N/A | N/A | No | N/A | 1.77x | N/A | 1.63x | N/A | 61.0% | 45.5% | |
Loan | 14 | 43.00 | Fedex Ground - Emporia | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $16,041.05 | $0.00 | $1,92,492.60 | Springing | Springing | No | Group 3 | N/A | 3.05x | N/A | 2.87x | 49.5% | 49.5% |
Loan | 15 | 44.00 | Walgreens Bloomington | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $17,244.73 | $0.00 | $2,06,936.76 | Springing | Springing | No | N/A | N/A | 1.97x | N/A | 1.97x | 60.9% | 60.9% |
Loan | 13 | 45.00 | Fairfield Greens Owners, Inc. | 01-05-2018 | N/A | 01-04-2028 | N/A | $17,103.02 | $0.00 | $2,05,236.24 | $0.00 | N/A | N/A | No | N/A | 3.13x | N/A | 3.06x | N/A | 31.4% | 27.9% |
Loan | 46.00 | AFGlobal | 01-06-2018 | 01-06-2021 | 01-05-2028 | N/A | $19,776.18 | $15,495.39 | $2,37,314.16 | $1,85,944.68 | Springing | Springing | No | Group 3 | 1.91x | 2.43x | 1.78x | 2.27x | 54.5% | 48.3% | |
Loan | 47.00 | 196 & 204 Grove Avenue | 11-06-2018 | N/A | 11-05-2028 | N/A | $18,595.09 | $0.00 | $2,23,141.08 | $0.00 | Soft | In Place | No | N/A | 1.56x | N/A | 1.43x | N/A | 75.0% | 62.3% | |
Loan | 13 | 48.00 | Greystone in Westchester Cooperative #1 Inc. | 01-06-2018 | N/A | 01-05-2028 | N/A | $15,015.14 | $0.00 | $1,80,181.68 | $0.00 | N/A | N/A | No | N/A | 6.86x | N/A | 6.70x | N/A | 16.0% | 12.8% |
Loan | 13 | 49.00 | 6200 Riverdale Avenue Corp. | 01-06-2018 | N/A | 01-05-2028 | N/A | $14,653.01 | $0.00 | $1,75,836.12 | $0.00 | N/A | N/A | No | N/A | 3.64x | N/A | 3.56x | N/A | 26.5% | 21.3% |
Loan | 50.00 | Mariner's Cove MHP | 01-05-2018 | N/A | 01-04-2028 | N/A | $15,772.28 | $0.00 | $1,89,267.36 | $0.00 | Springing | Springing | No | N/A | 1.67x | N/A | 1.65x | N/A | 51.4% | 42.6% | |
Loan | 13 | 51.00 | 180 South Middle Neck Road Corp. | 01-05-2018 | N/A | 01-04-2028 | N/A | $13,692.48 | $0.00 | $1,64,309.76 | $0.00 | N/A | N/A | No | N/A | 5.87x | N/A | 5.76x | N/A | 12.5% | 10.0% |
Loan | 13 | 52.00 | 3215 Arlington Avenue Owners Corp. | 01-05-2018 | N/A | 01-04-2028 | N/A | $12,196.26 | $0.00 | $1,46,355.12 | $0.00 | N/A | N/A | No | N/A | 6.24x | N/A | 6.12x | N/A | 14.3% | 11.5% |
Loan | 53.00 | 111 Veterans | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $11,307.99 | $0.00 | $1,35,695.88 | Hard | Springing | No | N/A | N/A | 1.23x | N/A | 1.23x | 54.8% | 54.8% | |
Loan | 13 | 54.00 | Top of the Lofts, Inc. | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $8,181.24 | $0.00 | $98,174.88 | N/A | N/A | No | N/A | N/A | 13.69x | N/A | 13.46x | 5.1% | 5.1% |
Loan | 13 | 55.00 | 208-216 East 82nd St. Owners Corp. | 01-06-2018 | N/A | 01-05-2028 | N/A | $11,409.07 | $0.00 | $1,36,908.84 | $0.00 | N/A | N/A | No | N/A | 8.40x | N/A | 8.26x | N/A | 6.6% | 5.3% |
Loan | 13 | 56.00 | Braddock Avenue Owners, Inc. | 01-05-2018 | N/A | 01-04-2028 | N/A | $10,089.96 | $0.00 | $1,21,079.52 | $0.00 | N/A | N/A | No | N/A | 3.47x | N/A | 3.39x | N/A | 31.1% | 27.7% |
Loan | 57.00 | Las Casitas MHC | 01-05-2018 | N/A | 01-04-2028 | N/A | $0.00 | $7,631.58 | $0.00 | $91,578.96 | Springing | Springing | No | N/A | N/A | 2.69x | N/A | 2.65x | 57.9% | 57.9% | |
Loan | 13 | 58.00 | Hillpark Plaza Inc. | 01-05-2018 | N/A | 01-04-2028 | N/A | $8,431.19 | $0.00 | $1,01,174.28 | $0.00 | N/A | N/A | No | N/A | 6.75x | N/A | 6.44x | N/A | 15.3% | 12.3% |
Loan | 13 | 59.00 | Syldor Apartment Corp. | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $6,075.73 | $0.00 | $72,908.76 | N/A | N/A | No | N/A | N/A | 5.90x | N/A | 5.75x | 23.9% | 23.9% |
Loan | 13 | 60.00 | 250 Cabrini Boulevard, Inc. | 01-05-2018 | N/A | 01-04-2028 | N/A | $7,814.94 | $0.00 | $93,779.28 | $0.00 | N/A | N/A | No | N/A | 12.05x | N/A | 11.83x | N/A | 3.4% | 2.7% |
Loan | 13 | 61.00 | 49 West 12 Tenants Corp. | 01-06-2018 | N/A | 01-05-2028 | N/A | $0.00 | $5,558.05 | $0.00 | $66,696.60 | N/A | N/A | No | N/A | N/A | 35.46x | N/A | 35.19x | 1.7% | 1.7% |
Loan | 13 | 62.00 | 57-65 West 93 Corp. | 01-06-2018 | N/A | 01-05-2028 | N/A | $7,317.76 | $0.00 | $87,813.12 | $0.00 | N/A | N/A | No | N/A | 9.80x | N/A | 9.59x | N/A | 5.9% | 4.8% |
Loan | 13 | 63.00 | Hamilton Cooperative Apartments, Inc. | 01-06-2018 | N/A | 01-05-2028 | N/A | $6,137.40 | $0.00 | $73,648.80 | $0.00 | N/A | N/A | No | N/A | 39.57x | N/A | 39.04x | N/A | 1.5% | 1.2% |
C:
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | Grace Period to Late Charge (Days) |
Grace Period to Default (Days) |
Due Date | Prepayment Provisions (No. of Payments) |
YM Formula |
Third Most Recent Revenues |
Third Most Recent Expenses |
Third Most Recent NOI |
Third Most Recent NOI Date |
Third Most Recent NOI Debt Yield |
Second Most Recent Revenues |
Second Most Recent Expenses |
Second Most Recent NOI |
Second Most Recent NOI Date |
Second Most Recent NOI Debt Yield |
Most Recent Revenues |
Most Recent Expenses |
Most Recent NOI |
Most Recent NOI Date |
Most Recent NOI Debt Yield |
Underwritten Occupancy Rate |
Underwritten Effective Gross Income |
Underwritten Total Expenses |
Underwritten NOI | Underwritten NOI Debt Yield | Underwritten Replacement Reserves |
Underwritten TI/LC |
Underwritten NCF | Underwritten NCF Debt Yield | Largest Tenant | Largest Tenant Lease Expiration(4) |
Largest Tenant NSF |
Largest Tenant % of NSF |
2nd Largest Tenant | 2nd Largest Tenant Lease Expiration(4) |
2nd Largest Tenant NSF |
2nd Largest Tenant % of NSF |
3rd Largest Tenant | 3rd Largest Tenant Lease Expiration(4) |
3rd Largest Tenant NSF |
3rd Largest Tenant % of NSF |
4th Largest Tenant | 4th Largest Tenant Lease Expiration(4) |
4th Largest Tenant NSF |
4th Largest Tenant % of NSF | |||||
Loan | 5 | 1.00 | CoolSprings Galleria | 5 | 0 | Eleventh | LO(24);DEF/YM1(92);O(4) | A | $2,70,89,106 | $90,72,495 | $1,80,16,611 | 31-12-2015 | 11.6% | $3,04,77,106 | $1,01,76,949 | $2,03,00,157 | 31-12-2016 | 13.1% | $3,11,90,786 | $1,05,12,713 | $2,06,78,073 | 31-12-2017 | 13.3% | 92.9% | $3,05,54,183 | $1,08,28,665 | $1,97,25,518 | 12.7% | $1,28,035 | $8,68,402 | $1,87,29,081 | 12.1% | Belk | 47,514 | 1,32,621 | 20.7% | Belk Men's and Kid's | 31-01-2030 | 50,458 | 7.9% | H&M | 31-01-2026 | 23,644 | 3.7% | Kings Bowl | 46,053 | 22,678 | 3.5% | |||||
Loan | 5, 9, 16 | 2.00 | One Dulles Tower | 0 | 0 | Eleventh | LO(26);DEF(90);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 99.0% | $1,67,77,561 | $33,64,829 | $1,34,12,732 | 8.8% | $80,725 | $0 | $1,33,32,007 | 8.8% | Amazon | 30-09-2029 | 4,03,622 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 5, 8 | 3.00 | Fair Oaks Mall | 0 | 0 | Tenth | LO(24);DEF(32);O(4) | $4,91,39,554 | $1,47,89,192 | $3,43,50,362 | 31-12-2015 | 19.6% | $5,03,81,051 | $1,54,78,478 | $3,49,02,573 | 31-12-2016 | 19.9% | $4,73,08,867 | $1,50,12,540 | $3,22,96,326 | 31-12-2017 | 18.5% | 86.7% | $4,50,95,362 | $1,51,87,457 | $2,99,07,905 | 17.1% | $1,44,930 | $13,64,911 | $2,83,98,064 | 16.2% | Macy's | 01-02-2026 | 2,15,000 | 27.6% | XXI Forever | 31-01-2022 | 51,317 | 6.6% | H&M | 31-01-2029 | 20,265 | 2.6% | Express | 31-01-2024 | 12,278 | 1.6% | ||||||
Loan | 5, 11 | 4.00 | Rittenhouse Hill | 5 | 5 | First | LO(24);DEF(92);O(4) | $1,15,70,545 | $27,17,696 | $88,52,850 | 31-12-2016 | 7.8% | $1,20,66,117 | $28,74,288 | $91,91,829 | 31-12-2017 | 8.1% | $1,19,44,143 | $30,22,309 | $89,21,834 | 4/30/2018 TTM | 7.9% | 94.1% | $1,24,09,196 | $33,37,188 | $90,72,007 | 8.0% | $1,62,823 | $0 | $89,09,184 | 7.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 5, 9 | 5.00 | 181 Fremont Street | 0 | 0 | Sixth | LO(23);YM1(2);DEF/YM1(88);O(7) | B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 97.0% | $4,36,64,053 | $1,40,94,390 | $2,95,69,663 | 11.8% | $87,266 | $0 | $2,94,82,397 | 11.8% | Facebook, Inc. | 28-02-2031 | 4,36,332 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 5, 6, 7, 9 | 6.00 | Extra Space - TIAA Self Storage Portfolio | 0 | 4 | First | LO(26);DEF(87);O(7) | $2,61,65,955 | $85,83,643 | $1,75,82,312 | 31-12-2015 | 7.7% | $2,77,69,303 | $85,91,017 | $1,91,78,286 | 31-12-2016 | 8.4% | $2,89,91,712 | $86,20,095 | $2,03,71,617 | 31-12-2017 | 8.9% | 88.0% | $2,94,18,170 | $84,61,563 | $2,09,56,607 | 9.2% | $2,42,209 | $0 | $2,07,14,398 | 9.0% | ||||||||||||||||||||||
Property | 6.01 | Extra Space Washington | $36,37,437 | $10,89,510 | $25,47,927 | 31-12-2015 | $37,65,928 | $11,23,512 | $26,42,416 | 31-12-2016 | $38,09,383 | $11,08,314 | $27,01,069 | 31-12-2017 | 91.6% | $38,19,785 | $10,51,654 | $27,68,131 | $15,657 | $0 | $27,52,474 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.02 | Extra Space San Jose | $16,55,129 | $4,30,349 | $12,24,780 | 31-12-2015 | $17,37,437 | $4,54,576 | $12,82,861 | 31-12-2016 | $18,10,952 | $4,39,006 | $13,71,946 | 31-12-2017 | 91.8% | $18,19,282 | $4,54,150 | $13,65,132 | $10,028 | $0 | $13,55,104 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.03 | Extra Space San Diego | $15,74,844 | $4,72,544 | $11,02,300 | 31-12-2015 | $17,27,185 | $4,54,318 | $12,72,867 | 31-12-2016 | $17,85,023 | $4,52,637 | $13,32,386 | 31-12-2017 | 85.6% | $17,89,807 | $4,46,056 | $13,43,751 | $17,900 | $0 | $13,25,851 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.04 | Extra Space Panorama City | $14,57,730 | $4,84,844 | $9,72,886 | 31-12-2015 | $15,52,755 | $4,63,806 | $10,88,949 | 31-12-2016 | $16,53,108 | $4,85,673 | $11,67,435 | 31-12-2017 | 78.1% | $16,85,150 | $4,90,844 | $11,94,306 | $11,609 | $0 | $11,82,697 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.05 | Extra Space Norwalk | $12,95,798 | $4,03,111 | $8,92,687 | 31-12-2015 | $14,81,976 | $4,10,551 | $10,71,425 | 31-12-2016 | $16,21,020 | $4,19,241 | $12,01,779 | 31-12-2017 | 81.7% | $16,27,801 | $4,41,411 | $11,86,390 | $11,929 | $0 | $11,74,461 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.06 | Extra Space Miami East | $13,42,555 | $3,83,836 | $9,58,719 | 31-12-2015 | $14,22,485 | $3,78,282 | $10,44,203 | 31-12-2016 | $14,55,258 | $3,86,127 | $10,69,131 | 31-12-2017 | 84.8% | $14,95,000 | $3,71,759 | $11,23,241 | $12,059 | $0 | $11,11,182 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.07 | Extra Space Miami West | $13,45,434 | $3,71,620 | $9,73,814 | 31-12-2015 | $14,25,910 | $3,99,904 | $10,26,006 | 31-12-2016 | $15,30,773 | $3,94,000 | $11,36,773 | 31-12-2017 | 80.7% | $14,99,016 | $3,80,374 | $11,18,642 | $11,335 | $0 | $11,07,307 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.08 | Extra Space Palo Alto | $11,63,476 | $3,82,189 | $7,81,287 | 31-12-2015 | $12,61,162 | $3,90,026 | $8,71,136 | 31-12-2016 | $13,29,767 | $3,82,701 | $9,47,066 | 31-12-2017 | 87.9% | $13,65,114 | $3,80,067 | $9,85,047 | $6,875 | $0 | $9,78,172 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.09 | Extra Space Covina | $11,31,318 | $3,58,738 | $7,72,580 | 31-12-2015 | $12,24,409 | $3,49,555 | $8,74,854 | 31-12-2016 | $13,17,669 | $3,69,275 | $9,48,394 | 31-12-2017 | 90.1% | $13,47,885 | $3,70,523 | $9,77,362 | $11,181 | $0 | $9,66,181 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.10 | Extra Space Gaithersburg | $10,95,937 | $3,44,662 | $7,51,275 | 31-12-2015 | $11,56,363 | $3,39,781 | $8,16,582 | 31-12-2016 | $11,86,086 | $3,42,483 | $8,43,603 | 31-12-2017 | 90.9% | $12,17,315 | $3,30,665 | $8,86,650 | $11,151 | $0 | $8,75,499 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.11 | Extra Space Philadelphia | $10,12,440 | $3,28,931 | $6,83,509 | 31-12-2015 | $10,35,620 | $3,05,365 | $7,30,255 | 31-12-2016 | $11,31,001 | $2,89,175 | $8,41,826 | 31-12-2017 | 89.3% | $11,63,778 | $3,10,801 | $8,52,977 | $10,264 | $0 | $8,42,713 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.12 | Extra Space Westminster | $10,33,623 | $3,58,187 | $6,75,436 | 31-12-2015 | $11,48,721 | $3,54,200 | $7,94,521 | 31-12-2016 | $11,81,117 | $3,51,539 | $8,29,578 | 31-12-2017 | 89.6% | $12,00,845 | $3,50,224 | $8,50,621 | $9,900 | $0 | $8,40,721 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.13 | Extra Space Newark | $9,31,496 | $2,94,698 | $6,36,798 | 31-12-2015 | $9,23,823 | $2,82,470 | $6,41,353 | 31-12-2016 | $10,00,070 | $2,92,448 | $7,07,622 | 31-12-2017 | 80.8% | $10,21,666 | $2,73,202 | $7,48,464 | $9,645 | $0 | $7,38,819 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.14 | Extra Space Essex | $9,30,999 | $2,83,253 | $6,47,746 | 31-12-2015 | $9,63,825 | $3,06,309 | $6,57,516 | 31-12-2016 | $9,34,496 | $3,00,372 | $6,34,124 | 31-12-2017 | 87.4% | $9,74,745 | $2,86,530 | $6,88,215 | $9,064 | $0 | $6,79,151 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.15 | Extra Space New Bedford | $7,83,013 | $3,22,148 | $4,60,865 | 31-12-2015 | $8,69,182 | $3,21,660 | $5,47,522 | 31-12-2016 | $9,49,890 | $3,27,232 | $6,22,658 | 31-12-2017 | 83.1% | $9,76,485 | $3,12,439 | $6,64,046 | $9,803 | $0 | $6,54,243 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.16 | Extra Space Birmingham | $7,70,482 | $2,46,086 | $5,24,396 | 31-12-2015 | $8,27,485 | $2,46,126 | $5,81,359 | 31-12-2016 | $8,72,764 | $2,42,180 | $6,30,584 | 31-12-2017 | 95.4% | $8,92,834 | $2,26,080 | $6,66,754 | $11,005 | $0 | $6,55,749 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.17 | Extra Space Haverhill | $8,60,126 | $3,30,778 | $5,29,348 | 31-12-2015 | $8,98,065 | $3,29,069 | $5,68,996 | 31-12-2016 | $9,17,131 | $3,11,154 | $6,05,977 | 31-12-2017 | 94.2% | $9,25,538 | $3,00,665 | $6,24,873 | $8,024 | $0 | $6,16,849 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.18 | Extra Space Shrewsbury | $8,24,396 | $2,85,013 | $5,39,383 | 31-12-2015 | $8,30,735 | $2,71,742 | $5,58,993 | 31-12-2016 | $8,41,342 | $2,90,622 | $5,50,720 | 31-12-2017 | 89.4% | $8,70,987 | $2,76,024 | $5,94,963 | $9,795 | $0 | $5,85,168 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.19 | Extra Space Dallas | $6,11,753 | $2,18,182 | $3,93,571 | 31-12-2015 | $6,59,556 | $2,24,881 | $4,34,675 | 31-12-2016 | $6,96,695 | $2,30,206 | $4,66,489 | 31-12-2017 | 86.9% | $7,09,317 | $2,21,428 | $4,87,889 | $7,121 | $0 | $4,80,768 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.20 | Extra Space Enfield | $6,44,450 | $2,87,099 | $3,57,351 | 31-12-2015 | $6,84,025 | $2,78,658 | $4,05,367 | 31-12-2016 | $7,11,696 | $2,87,268 | $4,24,428 | 31-12-2017 | 88.9% | $7,10,804 | $2,73,073 | $4,37,731 | $9,848 | $0 | $4,27,883 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.21 | Extra Space San Diego Miramar | $5,93,592 | $2,41,525 | $3,52,067 | 31-12-2015 | $6,56,386 | $2,34,644 | $4,21,742 | 31-12-2016 | $6,51,396 | $2,33,788 | $4,17,608 | 31-12-2017 | 84.6% | $6,65,112 | $2,26,926 | $4,38,186 | $5,458 | $0 | $4,32,728 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.22 | Extra Space Shawnee | $5,26,952 | $2,25,396 | $3,01,556 | 31-12-2015 | $5,59,390 | $2,45,719 | $3,13,671 | 31-12-2016 | $5,83,800 | $2,54,527 | $3,29,273 | 31-12-2017 | 98.5% | $5,97,398 | $2,57,975 | $3,39,423 | $8,436 | $0 | $3,30,987 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.23 | Extra Space Overland Park | $5,39,589 | $2,31,419 | $3,08,170 | 31-12-2015 | $5,36,422 | $2,28,822 | $3,07,600 | 31-12-2016 | $5,58,594 | $2,38,331 | $3,20,263 | 31-12-2017 | 93.7% | $5,71,518 | $2,40,089 | $3,31,429 | $7,034 | $0 | $3,24,395 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 6.24 | Extra Space Tucson | $4,03,386 | $2,09,525 | $1,93,861 | 31-12-2015 | $4,20,458 | $1,97,041 | $2,23,417 | 31-12-2016 | $4,62,681 | $1,91,796 | $2,70,885 | 31-12-2017 | 85.8% | $4,70,988 | $1,88,604 | $2,82,384 | $7,088 | $0 | $2,75,296 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Loan | 5, 11, 12 | 7.00 | The Gateway | 0 | 0 | Sixth | LO(11);YM1(14);DEF/YM1(88);O(7) | C | $4,72,19,420 | $1,03,91,115 | $3,68,28,305 | 31-12-2015 | 11.2% | $4,82,72,429 | $1,06,06,334 | $3,76,66,095 | 31-12-2016 | 11.4% | $4,82,27,609 | $1,08,83,334 | $3,73,44,275 | 31-12-2017 | 11.3% | 95.4% | $4,88,63,999 | $1,12,09,094 | $3,76,54,905 | 11.4% | $3,13,500 | $0 | $3,73,41,405 | 11.3% | Safeway Stores, Inc. | 31-05-2020 | 17,630 | 28.4% | Bay Club Golden Gateway, Inc. | 30-11-2032 | 7,355 | 11.9% | Bank of America NT & SA | 30-04-2022 | 6,564 | 10.6% | 42nd Street Moon | 31-07-2018 | 4,500 | 7.3% | |||||
Loan | 5, 6, 7, 9, 10 | 8.00 | Northwest Hotel Portfolio | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | $3,24,27,758 | $1,87,06,692 | $1,37,21,067 | 31-12-2015 | 12.1% | $3,53,71,115 | $1,95,36,323 | $1,58,34,792 | 31-12-2016 | 14.0% | $3,58,30,406 | $2,01,82,901 | $1,56,47,504 | 31-12-2017 | 13.8% | 79.4% | $3,58,30,406 | $2,02,67,527 | $1,55,62,879 | 13.8% | $14,33,216 | $0 | $1,41,29,663 | 12.5% | ||||||||||||||||||||||
Property | 8.01 | Hilton Garden Inn Bend | $54,16,564 | $31,13,933 | $23,02,631 | 31-12-2015 | $60,42,854 | $31,57,981 | $28,84,874 | 31-12-2016 | $59,17,013 | $32,37,510 | $26,79,503 | 31-12-2017 | 85.4% | $59,17,013 | $32,92,596 | $26,24,417 | $2,36,681 | $0 | $23,87,736 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 8.02 | Hampton Inn & Suites Bend | $47,10,216 | $25,12,862 | $21,97,354 | 31-12-2015 | $56,37,709 | $29,07,004 | $27,30,705 | 31-12-2016 | $55,63,015 | $30,14,621 | $25,48,394 | 31-12-2017 | 80.0% | $55,63,015 | $29,72,849 | $25,90,166 | $2,22,521 | $0 | $23,67,646 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 8.03 | Hilton Garden Inn Salt Lake City Downtown | $62,24,161 | $36,95,654 | $25,28,507 | 31-12-2015 | $62,75,981 | $37,85,238 | $24,90,743 | 31-12-2016 | $64,94,727 | $38,75,213 | $26,19,514 | 31-12-2017 | 81.9% | $64,94,727 | $38,61,318 | $26,33,409 | $2,59,789 | $0 | $23,73,620 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 8.04 | Hampton Inn & Suites Coeur d'Alene | $48,05,206 | $24,51,178 | $23,54,028 | 31-12-2015 | $52,25,712 | $26,25,983 | $25,99,729 | 31-12-2016 | $53,70,398 | $27,36,356 | $26,34,041 | 31-12-2017 | 80.2% | $53,70,398 | $28,11,954 | $25,58,444 | $2,14,816 | $0 | $23,43,628 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 8.05 | Hampton Inn & Suites Boise Spectrum | $51,15,220 | $29,86,479 | $21,28,741 | 31-12-2015 | $55,53,791 | $30,38,827 | $25,14,965 | 31-12-2016 | $55,64,556 | $31,85,681 | $23,78,875 | 31-12-2017 | 80.7% | $55,64,556 | $32,16,483 | $23,48,073 | $2,22,582 | $0 | $21,25,491 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 8.06 | La Quinta Inns & Suites Coeur d'Alene | $31,81,823 | $19,83,284 | $11,98,540 | 31-12-2015 | $33,12,784 | $19,87,730 | $13,25,054 | 31-12-2016 | $36,44,323 | $21,25,109 | $15,19,214 | 31-12-2017 | 67.3% | $36,44,323 | $21,01,071 | $15,43,253 | $1,45,773 | $0 | $13,97,480 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 8.07 | La Quinta Inns & Suites Twin Falls | $29,74,568 | $19,63,302 | $10,11,267 | 31-12-2015 | $33,22,283 | $20,33,561 | $12,88,722 | 31-12-2016 | $32,76,373 | $20,08,411 | $12,67,962 | 31-12-2017 | 77.0% | $32,76,373 | $20,11,256 | $12,65,117 | $1,31,055 | $0 | $11,34,062 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Loan | 9.00 | Centerville Marketplace | 0 | 5 | First | LO(24);DEF(92);O(4) | $21,13,220 | $7,97,280 | $13,15,940 | 12/31/2015 | 6.6% | $22,25,418 | $8,23,918 | $14,01,500 | 12/31/2016 | 7.1% | $23,45,526 | $7,63,618 | $15,81,908 | 12/31/2017 | 8.0% | 90.0% | $28,55,595 | $8,04,770 | $20,50,825 | 10.4% | $26,237 | $2,93,852 | $17,30,736 | 8.7% | Management and Training Corp | 28-02-2023 | 58,213 | 44.4% | Planswift Software | 31-07-2026 | 15,233 | 11.6% | Powerful U | 31-01-2030 | 6,756 | 5.2% | Secturion | 31-07-2024 | 6,001 | 4.6% | |||||||
Loan | 5, 6 | 10.00 | North Bay Portfolio | 5 | 4 | First | LO(24);YM1(91);O(5) | D | $62,25,864 | $22,33,675 | $39,92,189 | 31-12-2015 | 7.4% | $77,67,420 | $28,40,862 | $49,26,558 | 31-12-2016 | 9.1% | $83,30,755 | $29,45,690 | $53,85,065 | 31-12-2017 | 10.0% | 90.8% | $90,01,654 | $29,35,923 | $60,65,732 | 11.2% | $1,02,433 | $5,01,823 | $54,61,476 | 10.1% | |||||||||||||||||||||
Property | 10.01 | Petaluma Business Center | $23,87,362 | $5,77,225 | $18,10,137 | 31-12-2015 | $28,51,096 | $7,43,974 | $21,07,122 | 31-12-2016 | $27,86,728 | $7,70,462 | $20,16,266 | 31-12-2017 | 80.8% | $27,01,942 | $7,15,842 | $19,86,100 | $42,642 | $2,05,365 | $17,38,093 | Calix Networks, Inc. | 28-02-2019 | 82,082 | 38.5% | AVRS, Inc. | 31-10-2019 | 24,865 | 11.7% | USI Insurance Services | 31-03-2020 | 24,424 | 11.5% | TraumaFX | 30-06-2023 | 19,883 | 9.3% | ||||||||||||||||
Property | 10.02 | South Petaluma Business Center | $23,72,106 | $9,58,153 | $14,13,953 | 31-12-2015 | $30,43,916 | $12,62,563 | $17,81,353 | 31-12-2016 | $33,45,388 | $13,02,419 | $20,42,969 | 31-12-2017 | 100.0% | $40,08,757 | $13,71,379 | $26,37,378 | $29,927 | $1,45,761 | $24,61,690 | The Gap Inc. | 31-10-2021 | 39,528 | 26.4% | Panamax, LLC | 31-03-2020 | 36,701 | 24.5% | Camelbak Products, Inc. | 31-07-2024 | 32,730 | 21.9% | Kaiser | 28-02-2028 | 19,046 | 12.7% | ||||||||||||||||
Property | 10.03 | Lakeville Business Center | $14,66,396 | $6,98,297 | $7,68,099 | 31-12-2015 | $18,72,408 | $8,34,325 | $10,38,083 | 31-12-2016 | $21,98,639 | $8,72,809 | $13,25,830 | 31-12-2017 | 89.7% | $22,90,955 | $8,48,702 | $14,42,254 | $29,864 | $1,50,697 | $12,61,692 | Hydropoint Data Systems | 31-03-2023 | 26,522 | 17.8% | Frontrow Calypso LLC | 31-10-2018 | 22,599 | 15.1% | Collidion Inc. | 30-11-2022 | 13,243 | 8.9% | Red Bull Distribution Co Inc. | 31-05-2021 | 9,163 | 6.1% | ||||||||||||||||
Loan | 11.00 | Pico Rivera Marketplace | 0 | 0 | First | LO(24);DEF(92);O(4) | $28,22,147 | $6,74,539 | $21,47,608 | 31-12-2016 | 11.4% | $24,75,202 | $7,40,840 | $17,34,362 | 31-12-2017 | 9.2% | $24,81,368 | $7,60,716 | $17,20,652 | 3/31/2018 TTM | 9.1% | 86.8% | $26,46,700 | $7,81,694 | $18,65,006 | 9.9% | $17,838 | $1,06,665 | $17,40,503 | 9.2% | LA Fitness | 31-05-2023 | 50,000 | 56.1% | McDonalds Corporation | 05-06-2021 | 3,700 | 4.1% | Chase Bank, N.A. | 31-05-2019 | 3,500 | 3.9% | Smile Brands Inc. | 31-12-2021 | 3,500 | 3.9% | |||||||
Loan | 5, 9, 16 | 12.00 | Apple Campus 3 | 0 | 0 | Sixth | LO(28);DEF(85);O(7) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 99.0% | $4,61,90,546 | $48,04,932 | $4,13,85,613 | 12.2% | $1,76,531 | $0 | $4,12,09,082 | 12.1% | Apple | 28-02-2031 | 8,82,657 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 13 | 13.00 | Rex Ridge Apartment Corporation | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $80,82,114 | $36,47,411 | $44,34,703 | 26.1% | $82,000 | $0 | $43,52,703 | 25.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 6, 7, 14 | 14.00 | Hampton & Homewood Memphis | 0 | 5 | First | LO(26);DEF(90);O(4) | $69,04,184 | $45,78,632 | $23,25,552 | 12/31/2016 | 14.3% | $69,05,525 | $47,55,123 | $21,50,402 | 31-12-2017 | 13.2% | $69,49,034 | $47,68,407 | $21,80,627 | 1/31/2018 TTM | 13.4% | 66.4% | $69,49,034 | $47,90,773 | $21,58,261 | 13.3% | $2,77,961 | $0 | $18,80,300 | 11.6% | ||||||||||||||||||||||
Property | 14.01 | Homewood Suites Memphis Southwind | $36,27,984 | $24,00,655 | $12,27,329 | 12/31/2016 | $36,55,622 | $25,16,652 | $11,38,970 | 31-12-2017 | $36,99,402 | $25,23,806 | $11,75,596 | 1/31/2018 TTM | 71.2% | $36,99,402 | $25,36,135 | $11,63,267 | $1,47,976 | $0 | $10,15,291 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Property | 14.02 | Hampton Inn Memphis Southwind | $32,76,200 | $21,77,977 | $10,98,223 | 12/31/2016 | $32,49,903 | $22,38,471 | $10,11,432 | 31-12-2017 | $32,49,632 | $22,44,601 | $10,05,031 | 1/31/2018 TTM | 62.0% | $32,49,632 | $22,54,638 | $9,94,994 | $1,29,985 | $0 | $8,65,009 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||
Loan | 13 | 15.00 | 444 East 86th Owners Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 97.0% | $1,36,38,434 | $71,36,880 | $65,01,554 | 41.4% | $1,16,400 | $0 | $63,85,154 | 40.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 16.00 | 17-85 215th Street Owners', Inc. (A/K/A 17-85 215th Street Owners' Inc.) | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $90,84,172 | $40,57,908 | $50,26,264 | 36.6% | $81,100 | $0 | $49,45,164 | 36.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 17.00 | Value Store It - Pompano Beach | 5 | 4 | First | LO(25);DEF(91);O(4) | $17,07,238 | $6,46,839 | $10,60,399 | 31-12-2016 | 8.5% | $18,29,265 | $6,49,010 | $11,80,255 | 31-12-2017 | 9.4% | $18,42,519 | $6,41,709 | $12,00,810 | 2/28/2018 TTM | 9.6% | 86.6% | $18,60,321 | $6,04,452 | $12,55,869 | 10.0% | $15,788 | $0 | $12,40,081 | 9.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 18.00 | Hampton Inn & Suites - Woodinville | 5 | 0 | Eleventh | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | $34,99,291 | $21,03,248 | $13,96,043 | 31-12-2017 | 12.7% | $37,42,467 | $22,60,408 | $14,82,059 | 3/31/2018 TTM | 13.5% | 62.3% | $37,47,669 | $24,39,580 | $13,08,089 | 11.9% | $1,49,907 | $0 | $11,58,182 | 10.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 19.00 | 6th & Sable Retail | 5 | 4 | First | LO(24);DEF(89);O(7) | $17,70,239 | $7,20,353 | $10,49,886 | 31-12-2016 | 10.5% | $20,53,268 | $7,30,742 | $13,22,526 | 31-12-2017 | 13.2% | $21,89,237 | $5,94,116 | $15,95,121 | 2/28/2018 TTM | 16.0% | 92.5% | $22,23,927 | $6,95,732 | $15,28,195 | 15.3% | $36,542 | $76,617 | $14,15,036 | 14.2% | Third Future Schools | 30-06-2032 | 50,750 | 34.7% | Compono, LLC | 31-12-2026 | 16,420 | 11.2% | Compare Food Corporation | 31-05-2039 | 11,400 | 7.8% | Davita Inc. | 31-05-2026 | 11,101 | 7.6% | |||||||
Loan | 20.00 | Doubletree Kenosha | 5 | 4 | First | LO(24);YM1(89);O(7) | F | $34,59,409 | $25,46,316 | $9,13,093 | 31-12-2016 | 9.1% | $39,27,615 | $28,45,918 | $10,81,697 | 31-12-2017 | 10.8% | $43,69,907 | $30,23,115 | $13,46,792 | 3/31/2018 TTM | 13.5% | 71.2% | $43,69,907 | $30,53,459 | $13,16,448 | 13.2% | $1,74,796 | $0 | $11,41,652 | 11.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 14, 15 | 21.00 | Valley Medical Center | 5 | 5 | First | LO(24);DEF(91);O(5) | $10,93,708 | $3,25,539 | $7,68,169 | 12/31/2016 | 7.7% | $12,96,445 | $3,24,727 | $9,71,718 | 12/31/2017 | 9.7% | $12,78,172 | $3,24,503 | $9,53,669 | 3/31/2018 TTM | 9.5% | 92.9% | $13,20,460 | $3,44,381 | $9,76,079 | 9.8% | $8,832 | $78,956 | $8,88,290 | 8.9% | Lowers Risk Group | 6,301 SF expiring July 31, 2020; 3,615 SF expiring August 31, 2019; 903 SF expiring January 31, 2022 | 10,819 | 24.4% | Loudoun Pediatrics & Associates | 30-06-2022 | 6,106 | 13.8% | Leesburg Sterling Family Practice | 31-03-2028 | 5,370 | 12.1% | CaseCo | 31-05-2028 | 4,819 | 10.9% | ||||||
Loan | 13, 14 | 22.00 | Sherman Square | 5 | 5 | First | LO(25);DEF(91);O(4) | $7,84,096 | $2,12,171 | $5,71,925 | 31-12-2015 | 5.9% | $6,54,948 | $2,03,182 | $4,51,766 | 12/31/2016 | 4.7% | $7,84,808 | $2,16,371 | $5,68,437 | 12/31/2017 | 5.9% | 81.9% | $10,39,877 | $2,67,777 | $7,72,100 | 8.0% | $6,300 | $19,333 | $7,46,468 | 7.7% | Sherman Way Laundry | 31-05-2021 | 4,416 | 14.0% | Mey Fung Bakery | 30-09-2020 | 2,552 | 8.1% | Dunkin Donuts | 31-01-2027 | 2,303 | 7.3% | Dos Burrito | 28-02-2023 | 1,716 | 5.4% | ||||||
Loan | 14 | 23.00 | Holiday Inn Express at the Stadiums | 5 | 5 | First | LO(24);DEF(92);O(4) | $37,47,243 | $25,58,697 | $11,88,546 | 12/31/2016 | 12.9% | $36,80,769 | $25,74,995 | $11,05,774 | 12/31/2017 | 12.0% | $36,71,613 | $25,96,654 | $10,74,959 | 2/28/2018 TTM | 11.6% | 74.0% | $36,71,613 | $24,20,060 | $12,51,553 | 13.5% | $1,46,865 | $0 | $11,04,688 | 12.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 24.00 | Courtyard Marriott - El Paso | 5 | 4 | First | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | $28,11,857 | $17,44,862 | $10,66,995 | 31-12-2017 | 12.3% | $30,02,128 | $18,41,945 | $11,60,183 | 2/28/2018 TTM | 13.3% | 63.3% | $30,02,128 | $18,02,142 | $11,99,986 | 13.8% | $1,20,085 | $0 | $10,79,901 | 12.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 25.00 | Safeway - Everett | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $9,74,348 | $2,93,450 | $6,80,898 | 8.8% | $16,645 | $24,920 | $6,39,333 | 8.2% | Safeway Inc | 31-10-2037 | 46,235 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 26.00 | Old Kings Commons | 5 | 5 | First | LO(24);DEF(91);O(5) | $10,82,333 | $3,01,975 | $7,80,358 | 31-12-2015 | 10.2% | $11,03,025 | $2,54,354 | $8,48,671 | 12/31/2016 | 11.1% | $11,47,792 | $2,72,820 | $8,74,971 | 12/31/2017 | 11.4% | 95.0% | $11,84,426 | $3,21,537 | $8,62,889 | 11.2% | $12,714 | $73,740 | $7,76,435 | 10.1% | Beall's Outlet | 31-01-2023 | 27,828 | 32.8% | Staples | 26-02-2023 | 24,197 | 28.5% | Planet Fitness | 30-11-2023 | 13,400 | 15.8% | Pinch-A-Penny | 31-05-2022 | 4,600 | 5.4% | |||||||
Loan | 14 | 27.00 | Holiday Inn Express Newport News | 0 | 5 | First | LO(25);DEF(91);O(4) | $21,23,071 | $16,16,966 | $5,06,105 | 12/31/2016 | 7.2% | $27,49,284 | $19,04,497 | $8,44,787 | 12/31/2017 | 12.1% | $27,69,596 | $18,63,300 | $9,06,296 | 1/31/2018 TTM | 13.0% | 67.0% | $27,69,596 | $18,64,748 | $9,04,848 | 12.9% | $1,10,784 | $0 | $7,94,064 | 11.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 13 | 28.00 | Carlshire Tenants, Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $35,03,576 | $15,68,256 | $19,35,320 | 29.8% | $39,000 | $0 | $18,96,320 | 29.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 29.00 | Hudson Courts Owners, Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $22,07,058 | $9,84,916 | $12,22,142 | 18.8% | $36,400 | $0 | $11,85,742 | 18.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 30.00 | 229 East 79 Limited | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $51,18,963 | $23,88,228 | $27,30,735 | 44.8% | $26,700 | $0 | $27,04,035 | 44.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 31.00 | Safeway Fraser | 5 | 5 | First | LO(24);DEF(91);O(5) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $7,71,921 | $1,75,548 | $5,96,373 | 9.9% | $9,414 | $27,719 | $5,59,240 | 9.3% | Safeway | 31-01-2038 | 52,300 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 32.00 | SPS-Sacramento IV | 0 | 0 | Eleventh | LO(24);DEF/YM1(89);O(7) | G | $9,07,418 | $3,76,586 | $5,30,833 | 31-12-2016 | 9.1% | $9,99,207 | $3,91,050 | $6,08,157 | 31-12-2017 | 10.4% | $10,12,538 | $4,00,158 | $6,12,380 | 2/28/2018 TTM | 10.5% | 93.2% | $10,11,771 | $4,15,941 | $5,95,830 | 10.2% | $10,957 | $0 | $5,84,873 | 10.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 13 | 33.00 | 3755 Owners Ltd. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 97.0% | $36,90,508 | $14,98,850 | $21,91,658 | 38.5% | $27,600 | $0 | $21,64,058 | 38.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 34.00 | Safeway Duvall | 5 | 5 | First | LO(24);DEF(91);O(5) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $7,06,457 | $2,01,984 | $5,04,473 | 9.0% | $7,306 | $28,697 | $4,68,471 | 8.3% | Safeway | 31-10-2037 | 44,816 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 15 | 35.00 | Walgreens Concord | 5 | 5 | First | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 100.0% | $5,14,995 | $4,995 | $5,10,000 | 9.4% | $1,717 | $0 | $5,08,283 | 9.4% | Walgreens | 31-10-2033 | 11,446 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 36.00 | Villa Marina | 5 | 5 | First | LO(24);DEF(92);O(4) | $20,19,627 | $13,10,175 | $7,09,452 | 31-12-2016 | 13.9% | $19,30,227 | $13,46,976 | $5,83,251 | 31-12-2017 | 11.4% | $19,41,504 | $13,78,485 | $5,63,020 | 2/28/2018 TTM | 11.0% | 91.7% | $20,04,964 | $13,81,058 | $6,23,906 | 12.2% | $55,200 | $0 | $5,68,706 | 11.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 37.00 | Bell Park Plaza | 0 | 0 | Eleventh | LO(26);YM1(30);O(4) | H | $6,43,575 | $1,90,520 | $4,53,055 | 31-12-2015 | 9.0% | $6,58,439 | $2,11,803 | $4,46,635 | 31-12-2016 | 8.9% | $6,49,471 | $1,89,267 | $4,60,205 | 31-12-2017 | 9.1% | 93.0% | $7,30,992 | $2,02,304 | $5,28,689 | 10.5% | $6,696 | $25,110 | $4,96,883 | 9.9% | Hobby Bench | 31-05-2024 | 8,000 | 23.9% | Banner Health (Urgent Care) | 30-11-2022 | 3,600 | 10.8% | Yen Sushi And Shake Bar | 30-09-2021 | 2,940 | 8.8% | Purely Dance | 31-12-2021 | 2,700 | 8.1% | ||||||
Loan | 38.00 | The Center on Calloway | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | $6,56,878 | $1,89,044 | $4,67,833 | 31-12-2016 | 9.8% | $6,88,108 | $1,92,406 | $4,95,702 | 31-12-2017 | 10.3% | $6,90,341 | $1,91,617 | $4,98,724 | 2/28/2018 TTM | 10.4% | 94.0% | $6,66,604 | $1,96,682 | $4,69,922 | 9.8% | $4,855 | $17,347 | $4,47,720 | 9.3% | El Portal | 04-03-2023 | 5,000 | 21.6% | Sushi Moon | 28-02-2023 | 4,045 | 17.5% | Royal Nails | 10-05-2021 | 2,477 | 10.7% | Elixir Café | 15-03-2023 | 2,000 | 8.7% | |||||||
Loan | 14 | 39.00 | Oaks on Henry | 5 | 5 | First | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | $5,71,406 | $1,76,733 | $3,94,673 | 12/31/2017 T10 | 8.8% | $6,84,031 | $1,97,289 | $4,86,742 | 2/28/2018 TTM | 10.8% | 94.6% | $6,76,390 | $2,31,346 | $4,45,044 | 9.9% | $13,000 | $0 | $4,32,044 | 9.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 40.00 | Weller Building | 0 | 5 | First | LO(25);DEF(91);O(4) | $8,93,907 | $3,79,355 | $5,14,552 | 31-12-2015 | 11.5% | $9,50,937 | $3,83,922 | $5,67,015 | 31-12-2016 | 12.6% | $9,66,869 | $3,73,548 | $5,93,321 | 31-12-2017 | 13.2% | 93.0% | $9,45,255 | $3,74,701 | $5,70,554 | 12.7% | $8,883 | $90,167 | $4,71,504 | 10.5% | Child Care Resources | 28-02-2021 | 9,796 | 22.1% | Marpac Construction, LLC | 31-10-2032 | 7,661 | 17.2% | Neighborhood House | 28-02-2022 | 6,988 | 15.7% | One America | 30-09-2021 | 5,911 | 13.3% | |||||||
Loan | 13 | 41.00 | Stonegate X Apartment Owners Corp. a/k/a Stonegate X Apartment Owner's Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $17,67,760 | $8,94,053 | $8,73,707 | 20.1% | $26,000 | $0 | $8,47,707 | 19.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 42.00 | The Summit Apartments | 0 | 0 | Eleventh | LO(25);DEF(91);O(4) | $12,44,441 | $9,25,348 | $3,19,093 | 31-12-2016 | 7.5% | $12,56,457 | $7,33,171 | $5,23,286 | 31-12-2017 | 12.3% | $12,58,908 | $7,04,660 | $5,54,248 | 3/31/2018 TTM | 13.0% | 90.7% | $13,03,078 | $7,81,125 | $5,21,953 | 12.2% | $42,000 | $0 | $4,79,953 | 11.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 14 | 43.00 | Fedex Ground - Emporia | 5 | 5 | First | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $6,54,664 | $67,482 | $5,87,182 | 14.0% | $5,068 | $30,407 | $5,51,707 | 13.1% | Fedex Ground | 30-09-2025 | 50,678 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 15 | 44.00 | Walgreens Bloomington | 5 | 5 | First | LO(24);DEF(89);O(7) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 100.0% | $4,20,000 | $12,600 | $4,07,400 | 9.8% | $0 | $0 | $4,07,400 | 9.8% | Walgreens | 30-09-2033 | 14,820 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||
Loan | 13 | 45.00 | Fairfield Greens Owners, Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $10,67,610 | $4,24,782 | $6,42,828 | 16.3% | $13,900 | $0 | $6,28,928 | 15.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 46.00 | AFGlobal | 5 | 5 | First | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 91.9% | $6,51,289 | $1,98,672 | $4,52,618 | 12.2% | $5,756 | $24,175 | $4,22,687 | 11.4% | AFGlobal | 28-03-2036 | 57,559 | 100.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 47.00 | 196 & 204 Grove Avenue | 0 | 0 | Eleventh | LO(24);DEF(92);O(4) | N/A | N/A | N/A | N/A | N/A | $5,15,317 | $1,40,995 | $3,74,322 | 31-12-2016 | 11.1% | $5,22,298 | $1,44,841 | $3,77,457 | 31-12-2017 | 11.2% | 93.0% | $4,90,976 | $1,43,277 | $3,47,699 | 10.3% | $4,705 | $23,525 | $3,19,469 | 9.5% | Advanced Radiology | 30-09-2026 | 4,000 | 17.0% | Medical Healing Center For Pain | 14-01-2021 | 3,275 | 13.9% | Cooper Hospital | 31-07-2022 | 3,000 | 12.8% | Columbia Bank | 31-12-2024 | 3,000 | 12.8% | |||||||
Loan | 13 | 48.00 | Greystone in Westchester Cooperative #1 Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $24,22,671 | $11,87,224 | $12,35,447 | 39.9% | $28,600 | $0 | $12,06,847 | 38.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 49.00 | 6200 Riverdale Avenue Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.9% | $11,98,127 | $5,57,225 | $6,40,902 | 21.4% | $15,700 | $0 | $6,25,202 | 20.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 50.00 | Mariner's Cove MHP | 5 | 4 | First | LO(25);DEF(91);O(4) | $5,57,647 | $2,17,722 | $3,39,925 | 31-12-2016 | 11.7% | $5,77,254 | $2,54,385 | $3,22,869 | 31-12-2017 | 11.1% | $5,79,768 | $2,53,308 | $3,26,460 | 1/31/2018 TTM | 11.3% | 93.5% | $5,62,556 | $2,45,586 | $3,16,970 | 10.9% | $4,650 | $0 | $3,12,320 | 10.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 13 | 51.00 | 180 South Middle Neck Road Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.0% | $16,64,714 | $7,00,437 | $9,64,277 | 34.5% | $18,200 | $0 | $9,46,077 | 33.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 52.00 | 3215 Arlington Avenue Owners Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 97.0% | $15,16,686 | $6,03,054 | $9,13,632 | 36.6% | $17,250 | $0 | $8,96,382 | 35.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 53.00 | 111 Veterans | 0 | 0 | First | LO(24);DEF(91);O(5) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 100.0% | $1,69,200 | $2,580 | $1,66,620 | 7.2% | $0 | $0 | $1,66,620 | 7.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 13 | 54.00 | Top of the Lofts, Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.0% | $20,49,550 | $7,06,000 | $13,43,550 | 58.4% | $22,100 | $0 | $13,21,450 | 57.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 55.00 | 208-216 East 82nd St. Owners Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 97.7% | $19,83,948 | $8,34,580 | $11,49,368 | 50.0% | $18,750 | $0 | $11,30,618 | 49.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 56.00 | Braddock Avenue Owners, Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.0% | $8,55,638 | $4,35,758 | $4,19,880 | 18.3% | $9,600 | $0 | $4,10,280 | 17.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 57.00 | Las Casitas MHC | 5 | 4 | First | LO(25);DEF(91);O(4) | $4,10,986 | $2,24,632 | $1,86,354 | 31-12-2015 | 9.5% | $4,36,538 | $2,22,152 | $2,14,386 | 31-12-2016 | 10.9% | $4,81,430 | $2,32,497 | $2,48,933 | 31-12-2017 | 12.6% | 92.7% | $4,91,029 | $2,44,538 | $2,46,491 | 12.5% | $4,021 | $0 | $2,42,470 | 12.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||
Loan | 13 | 58.00 | Hillpark Plaza Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 95.0% | $11,16,551 | $4,33,134 | $6,83,417 | 39.8% | $32,250 | $0 | $6,51,167 | 37.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 59.00 | Syldor Apartment Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.0% | $8,53,119 | $4,22,800 | $4,30,319 | 25.3% | $10,750 | $0 | $4,19,569 | 24.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 60.00 | 250 Cabrini Boulevard, Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $21,51,362 | $10,21,340 | $11,30,022 | 70.7% | $20,400 | $0 | $11,09,622 | 69.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 61.00 | 49 West 12 Tenants Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.0% | $40,69,100 | $17,03,920 | $23,65,180 | 150.6% | $18,000 | $0 | $23,47,180 | 149.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 62.00 | 57-65 West 93 Corp. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.0% | $13,59,214 | $4,98,644 | $8,60,570 | 57.4% | $18,500 | $0 | $8,42,070 | 56.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
Loan | 13 | 63.00 | Hamilton Cooperative Apartments, Inc. | 10 | 10 | First | YM1(113);1%(3);O(4) | E | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 98.0% | $44,96,113 | $15,81,702 | $29,14,411 | 242.9% | $39,000 | $0 | $28,75,411 | 239.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||
C:
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Property Flag |
Footnotes | Loan ID | Property Name | 5th Largest Tenant | 5th Largest Tenant Lease Expiration(4) |
5th Largest Tenant NSF |
5th Largest Tenant % of NSF |
Upfront Replacement Reserves |
Monthly Replacement Reserves |
Replacement Reserve Cap |
Upfront TI/LC Reserves |
Monthly TI/LC Reserves |
TI/LC Reserve Cap |
Upfront Tax Reserves |
Monthly Tax Reserves |
Upfront Insurance Reserves |
Monthly Insurance Reserves |
Upfront Deferred Maint. Reserve |
Initial Other Reserves |
Ongoing Other Reserves |
Other Reserves Description | Appraisal Report Date |
Environmental Phase I Report Date |
Environmental Phase II Report Date |
Engineering Report Date |
Seismic Report Date |
Seismic Zone (Y/N) | PML % | Cut-off Date Pari Passu Mortgage Debt Balance |
Coop - Committed Secondary Debt | Cut-off Date Subord. Mortgage Debt Balance |
Total Mortgage Debt Cut-off Date LTV Ratio |
Total Mortgage Debt UW NCF DSCR |
Total Mortgage Debt UW NOI Debt Yield |
Cut-off Date Mezzanine Debt Balance |
Total Debt Cut-off Date LTV Ratio |
Total Debt UW NCF DSCR |
Total Debt UW NOI Debt Yield |
Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/Investor Carry | ||||||
Loan | 5 | 1.00 | CoolSprings Galleria | Forever 21 | 30-11-2020 | 18,015 | 2.8% | $0 | $10,907 | $3,92,643 | $30,00,000 | $54,534 | The greater of (i) $2,500,000; and (ii) the positive difference equal to $5,500,000 less the sum of all disbursments from the TILC reserve | $7,02,515 | $2,34,171 | $0 | $0 | $0 | $21,07,816 | $0 | Tenant Specific TILC Reserve | 17-04-2018 | 21-03-2018 | N/A | 23-03-2018 | N/A | No | N/A | $6,50,00,000 | 48.1% | 1.91x | 12.7% | |||||||||||||||||||
Loan | 5, 9, 16 | 2.00 | One Dulles Tower | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $4,05,537 | $1,35,179 | $0 | $0 | $0 | $4,24,41,063 | $0 | Amazon TILC; Amazon Rent Concession Reserve | 28-02-2018 | 07-12-2017 | N/A | 07-12-2017 | N/A | No | N/A | $6,30,00,000 | 71.5% | 2.17x | 8.8% | |||||||||||||||||||
Loan | 5, 8 | 3.00 | Fair Oaks Mall | Victoria's Secret | 31-01-2026 | 12,170 | 1.6% | $0 | $0 | $0 | $39,54,170 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11,83,388 | $0 | Gap Rent Reserve | 07-03-2018 | 08-02-2018 | N/A | 09-02-2018 | N/A | No | N/A | $9,50,00,000 | $8,50,00,000 | 47.7% | 1.64x | 11.5% | ||||||||||||||||||
Loan | 5, 11 | 4.00 | Rittenhouse Hill | N/A | N/A | N/A | N/A | $0 | $13,021 | $0 | $0 | $0 | $0 | $1,88,310 | $62,770 | $0 | $0 | $0 | $0 | $0 | N/A | 23-01-2018 | 21-12-2017 | N/A | 21-12-2017 | N/A | No | N/A | $5,00,00,000 | 63.6% | 1.65x | 8.0% | $1,70,00,000 | 73.2% | 1.32x | 7.0% | |||||||||||||||
Loan | 5, 9 | 5.00 | 181 Fremont Street | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $4,27,17,266 | $0 | $1,52,71,620 | $0 | $5,09,418 | $0 | $0 | $0 | $6,83,79,092 | $0 | Rent Concession Reserve | 22-03-2018 | 07-03-2018 | N/A | 06-03-2018 | 07-03-2018 | Yes - 4 | 12.0% | $19,20,00,000 | 39.6% | 3.14x | 11.8% | $22,50,00,000 | 75.2% | 1.38x | 6.2% | |||||||||||||||
Loan | 5, 6, 7, 9 | 6.00 | Extra Space - TIAA Self Storage Portfolio | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $915 | $457 | $0 | $0 | $0 | N/A | $17,10,00,000 | 58.1% | 1.97x | 9.2% | ||||||||||||||||||||||||||||||
Property | 6.01 | Extra Space Washington | N/A | N/A | N/A | N/A | 13-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.02 | Extra Space San Jose | N/A | N/A | N/A | N/A | 04-01-2018 | 10-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 12.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.03 | Extra Space San Diego | N/A | N/A | N/A | N/A | 04-01-2018 | 10-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 10.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.04 | Extra Space Panorama City | N/A | N/A | N/A | N/A | 05-12-2017 | 10-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 23.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.05 | Extra Space Norwalk | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 16.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.06 | Extra Space Miami East | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.07 | Extra Space Miami West | N/A | N/A | N/A | N/A | 22-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.08 | Extra Space Palo Alto | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 16.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.09 | Extra Space Covina | N/A | N/A | N/A | N/A | 05-12-2017 | 10-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 16.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.10 | Extra Space Gaithersburg | N/A | N/A | N/A | N/A | 05-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.11 | Extra Space Philadelphia | N/A | N/A | N/A | N/A | 04-12-2017 | 21-12-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.12 | Extra Space Westminster | N/A | N/A | N/A | N/A | 04-01-2018 | 10-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 12.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.13 | Extra Space Newark | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.14 | Extra Space Essex | N/A | N/A | N/A | N/A | 03-01-2018 | 21-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.15 | Extra Space New Bedford | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.16 | Extra Space Birmingham | N/A | N/A | N/A | N/A | 04-01-2018 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.17 | Extra Space Haverhill | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.18 | Extra Space Shrewsbury | N/A | N/A | N/A | N/A | 07-12-2017 | 02-01-2018 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.19 | Extra Space Dallas | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.20 | Extra Space Enfield | N/A | N/A | N/A | N/A | 01-12-2017 | 07-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.21 | Extra Space San Diego Miramar | N/A | N/A | N/A | N/A | 04-01-2018 | 07-11-2017 | N/A | 01-12-2017 | 01-12-2017 | Yes - 4 | 10.0% | ||||||||||||||||||||||||||||||||||||||
Property | 6.22 | Extra Space Shawnee | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.23 | Extra Space Overland Park | N/A | N/A | N/A | N/A | 04-12-2017 | 10-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 6.24 | Extra Space Tucson | N/A | N/A | N/A | N/A | 04-01-2018 | 07-11-2017 | N/A | 01-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Loan | 5, 11, 12 | 7.00 | The Gateway | HMS Associates | 31-12-2019 | 3,190 | 5.1% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 26-02-2018 | 14-02-2018 | N/A | 14-02-2018 | 21-03-2018 | Yes - 4 | 11.0% | $27,50,00,000 | $22,00,00,000 | 63.3% | 1.62x | 6.8% | ||||||||||||||||||
Loan | 5, 6, 7, 9, 10 | 8.00 | Northwest Hotel Portfolio | $0 | $1,19,435 | $0 | $0 | $0 | $0 | $5,18,257 | $94,555 | $46,636 | $15,546 | $0 | $1,42,79,206 | $0 | PIP Reserve; Seasonality | $8,00,92,578 | 65.1% | 1.78x | 13.8% | ||||||||||||||||||||||||||||||
Property | 8.01 | Hilton Garden Inn Bend | N/A | N/A | N/A | N/A | 20-02-2018 | 20-02-2018 | N/A | 20-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 8.02 | Hampton Inn & Suites Bend | N/A | N/A | N/A | N/A | 22-02-2018 | 20-02-2018 | N/A | 20-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 8.03 | Hilton Garden Inn Salt Lake City Downtown | N/A | N/A | N/A | N/A | 26-02-2018 | 07-02-2018 | N/A | 07-02-2018 | 07-02-2018 | Yes - 3 | 8.0% | ||||||||||||||||||||||||||||||||||||||
Property | 8.04 | Hampton Inn & Suites Coeur d'Alene | N/A | N/A | N/A | N/A | 22-02-2018 | 07-02-2018 | N/A | 07-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 8.05 | Hampton Inn & Suites Boise Spectrum | N/A | N/A | N/A | N/A | 21-02-2018 | 07-02-2018 | N/A | 07-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 8.06 | La Quinta Inns & Suites Coeur d'Alene | N/A | N/A | N/A | N/A | 15-02-2018 | 07-02-2018 | N/A | 07-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Property | 8.07 | La Quinta Inns & Suites Twin Falls | N/A | N/A | N/A | N/A | 21-02-2018 | 07-02-2018 | N/A | 07-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||||||||||||||||
Loan | 9.00 | Centerville Marketplace | State of Utah | 31-07-2024 | 5,865 | 4.5% | $0 | $2,186 | $0 | $0 | $13,884 | $0 | $1,54,543 | $22,078 | $1,750 | $875 | $0 | $5,76,683 | $0 | Outstanding TI Allowance Owed to Powerful U and Plainswift | 23-03-2018 | 14-02-2018 | N/A | 14-02-2018 | 14-02-2018 | Yes - 3 | 8.0% | ||||||||||||||||||||||||
Loan | 5, 6 | 10.00 | North Bay Portfolio | $0 | $10,670 | $0 | $5,00,000 | $42,680 | $15,36,495 | $61,195 | $61,195 | $0 | $0 | $28,000 | $25,53,168 | $0 | Known TI/LC Reserve; Free/Gap Rent Reserve | $3,50,00,000 | 62.4% | 1.66x | 11.2% | ||||||||||||||||||||||||||||||
Property | 10.01 | Petaluma Business Center | Oculus Innovative Sciences | 30-06-2023 | 13,840 | 6.5% | 23-02-2018 | 05-02-2018 | N/A | 05-02-2018 | 05-02-2018 | Yes - 3 | 15.0% | ||||||||||||||||||||||||||||||||||||||
Property | 10.02 | South Petaluma Business Center | Clover-Stornetta Farms, Inc. | 31-08-2026 | 17,554 | 11.7% | 27-02-2018 | 05-02-2018 | N/A | 05-02-2018 | 05-02-2018 | Yes - 3 | 6.0% | ||||||||||||||||||||||||||||||||||||||
Property | 10.03 | Lakeville Business Center | Illinois Tool Works, Inc. | 31-10-2019 | 7,562 | 5.1% | 01-03-2018 | 05-02-2018 | N/A | 05-02-2018 | 05-02-2018 | Yes - 3 | 17.0% | ||||||||||||||||||||||||||||||||||||||
Loan | 11.00 | Pico Rivera Marketplace | T-Mobile | 31-07-2023 | 3,240 | 3.6% | $0 | $1,487 | $75,000 | $3,00,000 | $0 | $3,00,000 | $39,440 | $39,440 | $1,291 | $1,291 | $0 | $0 | $0 | N/A | 15-03-2018 | 06-02-2018 | 13-04-2018 | 31-01-2018 | 30-01-2018 | Yes - 4 | 9.0% | ||||||||||||||||||||||||
Loan | 5, 9, 16 | 12.00 | Apple Campus 3 | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $29,79,839 | $0 | $0 | $0 | $2,49,368 | $0 | $0 | $0 | $4,28,00,076 | $0 | Rent Concession Reserve; Punchlist Reserve | 04-12-2017 | 20-11-2017 | N/A | 20-11-2017 | 20-11-2017 | Yes - 4 | 10.0% | $32,30,00,000 | 44.0% | 3.55x | 12.2% | $23,50,00,000 | 74.3% | 1.70x | 7.2% | |||||||||||||||
Loan | 13 | 13.00 | Rex Ridge Apartment Corporation | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 16-04-2018 | 3/27/2018 | N/A | 27-03-2018 | N/A | No | N/A | NAP | $7,91,00,000 | 21.5% | 5.4% | 0 | 8 | 12 | $93,048 | |||||||||||||||
Loan | 6, 7, 14 | 14.00 | Hampton & Homewood Memphis | $0 | $23,018 | $0 | $0 | $0 | $0 | $28,349 | $28,349 | $0 | $0 | $0 | $0 | $0 | N/A | ||||||||||||||||||||||||||||||||||
Property | 14.01 | Homewood Suites Memphis Southwind | N/A | N/A | N/A | N/A | 08-02-2018 | 20-12-2018 | N/A | 20-12-2017 | 20-12-2017 | Yes - 3 | 5.0% | ||||||||||||||||||||||||||||||||||||||
Property | 14.02 | Hampton Inn Memphis Southwind | N/A | N/A | N/A | N/A | 08-02-2018 | 20-12-2018 | N/A | 20-12-2017 | 20-12-2017 | Yes - 3 | 5.0% | ||||||||||||||||||||||||||||||||||||||
Loan | 13 | 15.00 | 444 East 86th Owners Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 01-02-2018 | 1/31/2018 | N/A | 01-02-2018 | N/A | No | N/A | $5,00,000 | 4.8% | 7.95x | 40.1% | $18,20,00,000 | 8.6% | 1.0% | 3 | 0 | 0 | $-15,933 | ||||||||||||
Loan | 13 | 16.00 | 17-85 215th Street Owners', Inc. (A/K/A 17-85 215th Street Owners' Inc.) | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 25-04-2018 | 4/10/2018 | N/A | 11-04-2018 | N/A | No | N/A | NAP | $9,44,00,000 | 14.6% | 0.0% | 0 | 0 | 0 | N/A | |||||||||||||||
Loan | 17.00 | Value Store It - Pompano Beach | N/A | N/A | N/A | N/A | $0 | $1,316 | $1,10,515 | $0 | $0 | $0 | $88,036 | $14,673 | $2,105 | $1,053 | $0 | $0 | $0 | N/A | 23-03-2018 | 06-03-2018 | N/A | 05-03-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 18.00 | Hampton Inn & Suites - Woodinville | N/A | N/A | N/A | N/A | $0 | $12,492 | $0 | $0 | $0 | $0 | $42,840 | $21,420 | $0 | $0 | $0 | $0 | $0 | N/A | 18-03-2018 | 20-02-2018 | N/A | 20-02-2018 | 20-02-2018 | Yes - 3 | 8.0% | ||||||||||||||||||||||||
Loan | 19.00 | 6th & Sable Retail | Biomat USA Inc. | 30-04-2022 | 9,200 | 6.3% | $0 | $0 | $0 | $5,00,000 | $0 | $5,00,000 | $23,134 | $23,134 | $0 | $0 | $5,500 | $50,000 | $0 | Landlord Obligation Reserve | 13-03-2018 | 20-02-2018 | N/A | 20-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 20.00 | Doubletree Kenosha | N/A | N/A | N/A | N/A | $0 | $10,555 | $0 | $0 | $0 | $0 | $60,000 | $20,000 | $0 | $0 | $0 | $0 | $0 | N/A | 28-03-2018 | 16-03-2018 | N/A | 16-03-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 14, 15 | 21.00 | Valley Medical Center | Mountan View Medical | 28-02-2021 | 3,029 | 6.8% | $0 | $738 | $0 | $2,00,000 | $4,968 | $4,50,000 | $9,759 | $9,759 | $2,122 | $1,061 | $1,125 | $25,644 | $0 | CaseCo Rent Reserve | 28-02-2018 | 16-03-2018 | N/A | 19-03-2018 | N/A | No | N/A | |||||||||||||||||||||||
Loan | 13, 14 | 22.00 | Sherman Square | Honeyfish Poke | 31-03-2022 | 1,573 | 5.0% | $0 | $525 | Replacement Reserve Cap ($18,900) shall only become applicable if a new membrane or covering is installed over the entire roof or the roof is replaced | $3,80,000 | $0 | $3,00,000 | $21,068 | $7,023 | $0 | $0 | $0 | $5,06,632 | $0 | Debt Yield Reserve; Cricket Wireless Reserve | 19-03-2018 | 02-03-2018 | N/A | 01-03-2018 | 02-03-2018 | Yes - 4 | 11.0% | |||||||||||||||||||||||
Loan | 14 | 23.00 | Holiday Inn Express at the Stadiums | N/A | N/A | N/A | N/A | $0 | $6,120 | $0 | $0 | $0 | $0 | $1,57,341 | $26,223 | $4,788 | $0 | $0 | $11,00,000 | $0 | PIP Reserve; Roof Reserve | 23-04-2018 | 26-03-2018 | N/A | 22-03-2018 | N/A | No | N/A | |||||||||||||||||||||||
Loan | 24.00 | Courtyard Marriott - El Paso | N/A | N/A | N/A | N/A | $0 | $4,629 | $0 | $0 | $0 | $0 | $60,667 | $15,167 | $0 | $0 | $0 | $0 | $0 | N/A | 07-03-2018 | 29-01-2018 | N/A | 01-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 25.00 | Safeway - Everett | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 26-04-2018 | 12-03-2018 | N/A | 12-03-2018 | 12-03-2018 | Yes - 3 | 9.0% | ||||||||||||||||||||||||
Loan | 26.00 | Old Kings Commons | Richard's Foodporium | 31-01-2020 | 2,400 | 2.8% | $0 | $1,059 | $0 | $0 | $4,591 | $0 | $74,216 | $10,602 | $9,044 | $3,015 | $21,875 | $0 | $0 | N/A | 24-01-2018 | 17-01-2018 | N/A | 17-01-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 14 | 27.00 | Holiday Inn Express Newport News | N/A | N/A | N/A | N/A | $0 | $9,232 | $0 | $0 | $0 | $0 | $16,283 | $3,257 | $0 | $0 | $10,250 | $4,00,000 | $0 | UNCF Test Reserve | 27-03-2018 | 09-03-2018 | N/A | 09-03-2018 | N/A | No | N/A | |||||||||||||||||||||||
Loan | 13 | 28.00 | Carlshire Tenants, Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $95,167 | $28,932 | $0 | $0 | $0 | $0 | $0 | N/A | 22-03-2018 | 3/19/2018 | N/A | 19-03-2018 | N/A | No | N/A | $5,00,000 | 14.3% | 4.65x | 27.6% | $3,45,00,000 | 18.8% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 13 | 29.00 | Hudson Courts Owners, Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $33,107 | $9,466 | $0 | $0 | $0 | $6,00,000 | $0 | Collateral Security Agreement for Capital Improvements | 13-02-2018 | 1/31/2018 | N/A | 09-02-2018 | N/A | No | N/A | $5,00,000 | 38.6% | 2.79x | 17.5% | $2,03,00,000 | 32.0% | 11.1% | 13 | 0 | 0 | $-12,430 | ||||||||||||
Loan | 13 | 30.00 | 229 East 79 Limited | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 02-03-2018 | 2/16/2018 | N/A | 20-02-2018 | N/A | No | N/A | $7,00,000 | 6.2% | 9.06x | 40.2% | $6,36,00,000 | 9.6% | 13.9% | 10 | 0 | 0 | $-69,069 | ||||||||||||
Loan | 31.00 | Safeway Fraser | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $6,27,600 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 15-03-2018 | 05-03-2018 | N/A | 02-03-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 32.00 | SPS-Sacramento IV | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 29-03-2018 | 28-03-2018 | N/A | 28-03-2018 | 28-03-2018 | Yes - 3 | 6.0% | ||||||||||||||||||||||||
Loan | 13 | 33.00 | 3755 Owners Ltd. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 27-03-2018 | 3/13/2018 | N/A | 13-03-2018 | N/A | No | N/A | $10,00,000 | 14.8% | 5.58x | 32.7% | $3,93,00,000 | 14.5% | 7.7% | 5 | 0 | 2 | $2,055 | ||||||||||||
Loan | 34.00 | Safeway Duvall | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 22-03-2018 | 05-03-2018 | N/A | 05-03-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 15 | 35.00 | Walgreens Concord | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 30-03-2018 | 15-03-2018 | N/A | 15-03-2018 | N/A | No | N/A | |||||||||||||||||||||||
Loan | 36.00 | Villa Marina | N/A | N/A | N/A | N/A | $0 | $4,600 | $0 | $0 | $0 | $0 | $39,793 | $13,264 | $1,04,033 | $23,826 | $11,750 | $0 | $0 | N/A | 22-03-2018 | 15-03-2018 | N/A | 15-03-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 37.00 | Bell Park Plaza | Bell Park Dental | 30-11-2021 | 2,665 | 8.0% | $0 | $558 | $0 | $25,000 | $2,500 | (i) provided no Specified Tenant Trigger Period has occurred and is then continuing, an amount equal to $125,000.00, or (ii) if a Specified Tenant Trigger Period has occurred and is then continuing, an amount equal to $200,000.00. | $5,330 | $5,330 | $1,912 | $956 | $0 | $30,000 | $0 | Hobby Bench Reserve | 24-01-2018 | 03-11-2017 | N/A | 28-12-2017 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 38.00 | The Center on Calloway | CEO Salon | 30-06-2022 | 1,724 | 7.5% | $0 | $405 | $25,000 | $0 | $2,483 | (i) provided no Specified Tenant Trigger Period has occurred and is then continuing, an amount equal to $190,000.00, or (ii) if a Specified Tenant Trigger Period related to solely to El Portal has occurred and is then continuing, an amount equal to $190,000.00, or (iii) if a Specified Tenant Trigger Period related to both El Portal and Sushi Moon has occurred and is then continuing, an amount equal to $225,125.00 | $6,746 | $6,746 | $3,500 | $350 | $0 | $0 | $0 | N/A | 05-02-2018 | N/A | N/A | 29-01-2018 | 29-01-2018 | Yes - 4 | 6.0% | ||||||||||||||||||||||||
Loan | 14 | 39.00 | Oaks on Henry | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $37,296 | $6,216 | $0 | $3,091 | $0 | $0 | $0 | N/A | 28-03-2018 | 30-10-2017 | N/A | 30-10-2017 | N/A | No | N/A | |||||||||||||||||||||||
Loan | 40.00 | Weller Building | Teamchild | 30-04-2022 | 5,282 | 11.9% | $0 | $740 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 09-03-2018 | 26-02-2018 | N/A | 26-02-2018 | 26-02-2018 | Yes - 3 | 10.0% | ||||||||||||||||||||||||
Loan | 13 | 41.00 | Stonegate X Apartment Owners Corp. a/k/a Stonegate X Apartment Owner's Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 13-04-2018 | 3/28/2018 | N/A | 02-04-2018 | N/A | No | N/A | NAP | $1,47,00,000 | 29.6% | 0.0% | 0 | 0 | 0 | N/A | |||||||||||||||
Loan | 42.00 | The Summit Apartments | N/A | N/A | N/A | N/A | $0 | $4,200 | $2,00,000 | $0 | $0 | $0 | $10,784 | $2,696 | $0 | $0 | $0 | $0 | $0 | N/A | 12-03-2018 | 27-02-2018 | N/A | 27-02-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 14 | 43.00 | Fedex Ground - Emporia | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $9,296 | $1,328 | $3,692 | $923 | $0 | $0 | $0 | N/A | 29-03-2018 | 05-03-2018 | N/A | 05-03-2018 | N/A | No | N/A | |||||||||||||||||||||||
Loan | 15 | 44.00 | Walgreens Bloomington | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 02-03-2018 | 06-03-2018 | N/A | 12-03-2018 | N/A | No | N/A | |||||||||||||||||||||||
Loan | 13 | 45.00 | Fairfield Greens Owners, Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 02-03-2018 | 2/23/2018 | N/A | 26-02-2018 | N/A | No | N/A | $5,00,000 | 35.3% | 2.74x | 14.5% | $1,14,00,000 | 34.6% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 46.00 | AFGlobal | N/A | N/A | N/A | N/A | $480 | $480 | $0 | $1,919 | $1,919 | $69,071 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 13-04-2018 | 05-03-2018 | N/A | 05-03-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 47.00 | 196 & 204 Grove Avenue | Ward Shoemaker | 31-03-2020 | 2,400 | 10.2% | $0 | $329 | $0 | $0 | $3,096 | $0 | $6,921 | $6,921 | $987 | $987 | $0 | $0 | $0 | N/A | 11-04-2018 | 01-03-2018 | N/A | 04-04-2018 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 13 | 48.00 | Greystone in Westchester Cooperative #1 Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $45,375 | $9,125 | $0 | $0 | $0 | $0 | $0 | N/A | 30-04-2018 | 4/11/2018 | N/A | 11-04-2018 | N/A | No | N/A | $5,00,000 | 18.6% | 5.91x | 34.3% | $2,10,00,000 | 14.8% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 13 | 49.00 | 6200 Riverdale Avenue Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 09-03-2018 | 3/6/2018 | N/A | 05-03-2018 | N/A | No | N/A | $2,50,000 | 28.7% | 3.30x | 19.7% | $1,20,00,000 | 25.0% | 55.0% | 33 | 0 | 0 | $2,27,242 | ||||||||||||
Loan | 50.00 | Mariner's Cove MHP | N/A | N/A | N/A | N/A | $0 | $388 | $0 | $0 | $0 | $0 | $24,922 | $4,154 | $4,488 | $641 | $7,500 | $10,000 | $0 | Lot 503 Mobile Home Raise/Removal Work Reserve | 14-11-2017 | 20-10-2017 | N/A | 20-10-2017 | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 13 | 51.00 | 180 South Middle Neck Road Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 27-03-2018 | 3/14/2018 | N/A | 22-03-2018 | N/A | No | N/A | $2,50,000 | 13.6% | 5.36x | 31.7% | $1,72,00,000 | 16.3% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 13 | 52.00 | 3215 Arlington Avenue Owners Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 05-03-2018 | 3/5/2018 | N/A | 06-03-2018 | N/A | No | N/A | $5,00,000 | 17.2% | 5.18x | 30.5% | $1,63,00,000 | 15.3% | 33.8% | 23 | 0 | 0 | $2,02,950 | ||||||||||||
Loan | 53.00 | 111 Veterans | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 03-02-2018 | 09-02-2018 | N/A | N/A | N/A | No | N/A | ||||||||||||||||||||||||
Loan | 13 | 54.00 | Top of the Lofts, Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 16-02-2018 | 2/7/2018 | N/A | 07-02-2018 | N/A | No | N/A | $2,50,000 | 5.6% | 11.99x | 52.7% | $2,52,00,000 | 9.1% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 13 | 55.00 | 208-216 East 82nd St. Owners Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 24-04-2018 | 2/6/2018 | N/A | 06-02-2018 | N/A | No | N/A | $3,00,000 | 7.5% | 7.47x | 44.2% | $3,01,00,000 | 7.6% | 84.1% | 0 | 58 | 0 | $8,43,451 | ||||||||||||
Loan | 13 | 56.00 | Braddock Avenue Owners, Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $30,000 | $15,000 | $0 | $0 | $0 | $0 | $0 | N/A | 16-01-2018 | 1/3/2018 | N/A | 02-01-2018 | N/A | No | N/A | $1,00,000 | 32.4% | 3.22x | 17.5% | $74,00,000 | 31.1% | 55.3% | 26 | 0 | 0 | $1,73,582 | ||||||||||||
Loan | 57.00 | Las Casitas MHC | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $2,306 | $769 | $0 | $0 | $7,500 | $0 | $0 | N/A | 26-02-2018 | 12-02-2018 | N/A | 09-02-2018 | 09-02-2018 | Yes - 4 | 9.0% | ||||||||||||||||||||||||
Loan | 13 | 58.00 | Hillpark Plaza Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 05-03-2018 | 3/9/2018 | N/A | 27-02-2018 | N/A | No | N/A | $2,50,000 | 17.6% | 5.66x | 34.7% | $1,18,40,000 | 14.5% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 13 | 59.00 | Syldor Apartment Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 02-02-2018 | 1/26/2018 | N/A | 29-01-2018 | N/A | No | N/A | $2,50,000 | 27.5% | 4.90x | 22.1% | $88,00,000 | 19.3% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 13 | 60.00 | 250 Cabrini Boulevard, Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 26-03-2018 | 3/13/2018 | N/A | 15-03-2018 | N/A | No | N/A | $5,00,000 | 4.5% | 9.22x | 53.9% | $2,22,00,000 | 7.2% | 11.0% | 0 | 0 | 8 | N/A | ||||||||||||
Loan | 13 | 61.00 | 49 West 12 Tenants Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 28-03-2018 | 3/19/2018 | N/A | 19-03-2018 | N/A | No | N/A | $5,00,000 | 2.2% | 25.86x | 114.3% | $5,87,00,000 | 2.7% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
Loan | 13 | 62.00 | 57-65 West 93 Corp. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 08-03-2018 | 2/27/2018 | N/A | 28-02-2018 | N/A | No | N/A | $2,50,000 | 6.9% | 8.43x | 49.2% | $1,60,00,000 | 9.4% | 8.3% | 3 | 0 | 0 | $21 | ||||||||||||
Loan | 13 | 63.00 | Hamilton Cooperative Apartments, Inc. | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | 19-12-2017 | 2/27/2018 | N/A | 27-02-2018 | N/A | No | N/A | $5,00,000 | 2.1% | 29.05x | 171.4% | $5,57,00,000 | 2.2% | 0.0% | 0 | 0 | 0 | N/A | ||||||||||||
C:
BANK 2018-BNK12 | |
Footnotes to Annex A-1 | |
(1) | BANA—Bank of America, National Association; WFB—Wells Fargo Bank, National Association; MSBNA—Morgan Stanley Bank, N.A.; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; NCB—National Cooperative Bank, N. A.; NCCB—National Consumer Cooperative Bank. |
(2) | Certain tenants may not be in occupancy or may be in free rent periods. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans which are not in occupancy or are in free rent periods. |
(3) | The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced mortgage loan, pari passu loan primary servicing fee rate, in each case applicable to the related mortgage loan. |
(4) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest mortgage loans. |
(5) | Each of the CoolSprings Galleria Mortgage Loan (Mortgage Loan No. 1), the One Dulles Tower Mortgage Loan (Mortgage Loan No. 2), the Fair Oaks Mall Mortgage Loan (Mortgage Loan No. 3), the Rittenhouse Hill Mortgage Loan (Mortgage Loan No. 4), the 181 Fremont Street Mortgage Loan (Mortgage Loan No. 5), the Extra Space - TIAA Self Storage Portfolio Mortgage Loan (Mortgage Loan No. 6), The Gateway Mortgage Loan (Mortgage Loan No. 7), the Northwest Hotel Portfolio Mortgage Loan (Mortgage Loan No. 8), the North Bay Portfolio (Mortgage Loan No. 10) and the Apple Campus 3 Mortgage Loan (Mortgage Loan No. 12) is part of a whole loan related to the Issuing Entity. For further information, see “Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans”, “—The Non-Serviced Pari Passu Whole Loans”, “—The Twelve Oaks Mall Pari Passu-A/B Whole Loan”, and “—The Gateway Pari Passu-A/B Whole Loan”, and “Pooling and Servicing Agreement, and “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans”, as applicable, in this prospectus. |
(6) | With respect to Mortgage Loan No. 6, Extra Space - TIAA Self Storage Portfolio, Mortgage Loan No. 8, Northwest Hotel Portfolio, Mortgage Loan No. 10, North Bay Portfolio, and Mortgage Loan No. 14, Hampton & Homewood Memphis, each such mortgage loan is secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such mortgage loans, all LTV, DSCR, Debt Yield and Cut-off Date Balance per SF/Units/Rooms/Pads calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each mortgaged property based on the respective Appraised Values and/or UW NCF, among other methods. |
(7) | With respect to Mortgage Loan No. 6, Extra Space - TIAA Self Storage Portfolio, Mortgage Loan No. 8, Northwest Hotel Portfolio, and Mortgage Loan No. 14, Hampton & Homewood Memphis, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance” and “—Releases; Partial Releases” in this prospectus. |
With respect to Mortgage Loan No. 14, Hampton & Homewood Memphis, the related loan documents permit a partial collateral release subject to LTV, DSCR and/or Debt Yield tests, or other release conditions in connection with a partial defeasance or prepayment of the related mortgage loan. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in this prospectus. | |
(8) | With respect to Mortgage Loan No. 3, Fair Oaks Mall, the related loan documents permit one or more outparcel or other releases without prepayment or defeasance. In addition, the related loan documents permit the additional of certain anchor pads to the collateral, and the subsequent release of such anchor pads. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in this prospectus. |
(9) | With respect to Mortgage Loan No. 2, One Dulles Tower, the Appraised Value is the “As Stabilized” value of $212,500,000, which assumes all outstanding free rent has been paid, tenant improvements have been completed and leasing commissions have been paid. All outstanding free rent, tenant improvements and leasing commissions have been reserved. The “As-is” appraised value assuming the outstanding free rent and leasing commissions have not been paid and tenant improvements have not been completed is $189,800,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the $189,800,000 “As-is” appraised value each is 80.1%. |
With respect to Mortgage Loan No. 5, 181 Fremont Street, the Appraised Value is a prospective market value that assumes the mortgaged property is complete and/or achieves stabilization as of March 1, 2021. The “As-Is” appraised value as of February 28, 2018 is $461,000,000 and is inclusive of deductions for free rent, tenant improvement and leasing commission (“TI/LC”) obligations. The borrower deposited upfront reserves totalling $111,096,358 for such contractual TI/LC obligations and free rent. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $461,000,000 “As-Is” appraised value each is 54.2%. |
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With respect to Mortgage Loan No. 6, Extra Space - TIAA Self Storage Portfolio, the “As-Is Portfolio” Appraised Value of $394,160,000 reflects a $36,170,000 premium attributed to the aggregate “As-is” value of the related mortgaged properties as a whole. The sum of the “As-is” values for each of the related mortgaged properties on an individual basis is $357,990,000, which represents a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 64.0%. See the definition of “Appraised Value” under “Description of the Mortgage Pool—Certain Calculations and Definitions-Definitions” in this prospectus. | |
With respect to Mortgage Loan No. 8, Northwest Hotel Portfolio, the Appraised Value is the “As Completed” appraised value, which assumes property improvement plans (“PIPs”) at the Hilton Garden Inn Bend, Hilton Garden Inn Salt Lake City Downtown, Hampton Inn & Suites Coeur d’Alene, Hampton Inn & Suites Boise Spectrum and La Quinta Inns & Suites Twin Falls mortgaged properties have been completed. All outstanding PIPs have been reserved. The “As-Is” appraised value for the mortgage loan assuming the aforementioned PIPs have not been completed is $155,700,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the $155,700,000 “As-is” appraised value are 72.6% and 54.6%, respectively. | |
With respect to Mortgage Loan No. 12, Apple Campus 3, the Appraised Value is the “As Stabilized” appraised value of $773,600,000, which assumes all outstanding free rent and leasing commissions have been paid and tenant improvements have been completed. All outstanding free rent, tenant improvements and leasing commissions have been reserved. The “As-is” appraised value assuming the outstanding free rent and leasing commissions have not been paid and tenant improvements have not been completed is $624,600,000. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio based on the $624,600,000 “As-is” appraised value each is 54.4%. | |
(10) | With respect to Mortgage Loan No. 8, Northwest Hotel Portfolio, the Hampton Inn & Suites Boise Spectrum mortgaged property is non-conforming by four rooms. Only 129 rooms were approved by the City of Boise and income from the four extra rooms was included in the underwriting. Excluding the four rooms, while still underwriting to 79.4% occupancy, changes the UW NOI DSCR, UW NCF DSCR, Cut-off Date UW NOI Debt Yield and Cut-off Date UW NCF Debt Yield of the mortgage loan to 1.95x, 1.77x, 13.7% and 12.4%, respectively. |
(11) | With respect to Mortgage Loan No. 4, Rittenhouse Hill, Cut-off Date Balance per SF/Units/Rooms/Pads, Size, Units of Measure and Occupancy Rate, are based on 625 multifamily units at the mortgaged property. The mortgaged property also includes 20,083 SF of ground floor space that is not included in the unit count or occupancy figures. 4,000 SF of such space is occupied by two commercial units, and the remaining vacant space is not currently being marketed but could be used as additional commercial space or amenity space in the future. |
With respect to Mortgage Loan No. 7, The Gateway, Cut-off Date Balance per SF/Units/Rooms/Pads, Size, Units of Measure and Occupancy Rate, are based on 1,254 multifamily units at the property. The Gateway Property also includes 61,989 SF of ground floor commercial space and 58 townhouse units in 19 low-rise buildings which are not included in unit count or occupancy figures. | |
(12) | With respect to Mortgage Loan No. 7, The Gateway, the loan documents require a soft lockbox for rents received from residential tenants and a hard lockbox for rents received from non-residential tenants. |
(13) | With respect to Mortgage Loan No. 13, Rex Ridge Apartment Corporation, Mortgage Loan 15, 444 East 86th Owners Corp., Mortgage Loan No. 16, 17-85 215th Street Owners', Inc. (A/K/A 17-85 215th Street Owners' Inc.), Mortgage Loan No. 22, Sherman Square, Mortgage Loan No. 28, Carlshire Tenants, Inc., Mortgage Loan No. 29, Hudson Courts Owners, Inc., Mortgage Loan No. 30, 229 East 79 Limited, Mortgage Loan No. 33, 3755 Owners Ltd., Mortgage Loan No. 41, Stonegate X Apartment Owners Corp. a/k/a Stonegate X Apartment Owner's Corp., Mortgage Loan No. 45, Fairfield Greens Owners, Inc., Mortgage Loan No. 48, Greystone in Westchester Cooperative #1 Inc., Mortgage Loan No. 49, 6200 Riverdale Avenue Corp., Mortgage Loan No. 51, 180 South Middle Neck Road Corp., Mortgage Loan No. 52, 3215 Arlington Avenue Owners Corp., Mortgage Loan No. 54, Top of the Lofts, Inc., Mortgage Loan No. 55, 208-216 East 82nd St. Owners Corp., Mortgage Loan No. 56, Braddock Avenue Owner's, Inc., Mortgage Loan No. 58, Hillpark Plaza Inc., Mortgage Loan No. 59, Syldor Apartment Corp., Mortgage Loan No. 60, 250 Cabrini Boulevard, Inc., Mortgage Loan No. 61, 49 West 12 Tenants Corp., Mortgage Loan No. 62, 57-65 West 93 Corp., and Mortgage Loan No. 63, Hamilton Cooperative Apartments, Inc., the related mortgage loan documents permit future subordinate secured financing or mezzanine financing generally subject to compliance with certain combined LTV, DSCR and/or Debt Yield tests. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness” and “—Other Secured Indebtedness” in this prospectus. |
(14) | With respect to Mortgage Loan No. 14, Hampton & Homewood Memphis, the FF&E monthly reserve of $23,018 is based on 1/12 of 1% of operating income; on April 1, 2019 the FF&E monthly reserve increases to 1/12 of 2% of operating income; on April 1, 2020, the FF&E monthly reserve increases to 1/12 of 3% of operating income; on April 1, 2021 and thereafter, the FF&E monthly reserve increases to 1/12 of 4% of operating income. |
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With respect to Mortgage Loan No. 21, Valley Medical Center, the tenant improvements and leasing commissions reserve cap of $450,000 is reduced either to (A) $375,000, in the event (i) the Largest Tenant, Lowers Risk Group, renews its leases (or a replacement tenant(s) has entered into a replacement lease(s)) for all of the related suites (104, 200, 202 and 205) at the mortgaged property on approved lease terms for a minimum remaining term that extends three years beyond the current lease term and (ii) there are no outstanding TI/LC commissions due; or (B) $300,000, in the event (i) the Largest Tenant renews its leases (or a replacement tenant(s) has entered into a replacement lease(s)) that extend at least two years beyond the Maturity Date and (ii) there are no outstanding TI/LC commissions due. | |
With respect to Mortgage Loan No. 22, Sherman Square, the related mortgage loan documents required the borrower to deposit $500,000 into a debt yield reserve. Within 45 days of each calendar quarter ending on March, June, September and December, as applicable, upon the borrower’s written request, the lender is required to release an amount from the debt yield reserve equal to the amount which would result in a debt yield of at least 8.10% assuming (x) a principal amount equal to $9,150,000 plus any amounts previously disbursed from the debt yield reserve, plus the amount of the requested disbursement, and (y) for purposes of determining adjusted net cash flow for the purpose of determining debt yield (A) net operating income is not permitted to include any income attributable to leases for Suites 7215, 14521A or 7217A unless the applicable lease is at rent that is not materially inconsistent with the market for at least one year, and (B) net operating income is not permitted to include any income attributable to leases for Suite 7219 unless the applicable lease is at rent that is not materially inconsistent with the market for a term of at least 10 years. On the second anniversary of the first calendar month occurring after the origination date, the borrower is required to prepay the principal balance of the mortgage loan in an amount with the result that the remaining outstanding principal balance will have a debt yield of 8.10%, which prepayment is required to be accompanied by a prepayment fee equal to the greater of 1.00% of the amount prepaid and a yield maintenance premium. For purposes of determining adjusted net cash flow for the purpose of determining debt yield for such purpose, (A) net operating income is not permitted to include any income attributable to leases for Suites 7215, 14521A, or 7217A unless the applicable lease is at rent that is not materially inconsistent with the market for term at least one year, and (B) net operating income is not permitted to include any income attributable to leases for Suite 7219 unless the applicable lease is at rent that is not materially inconsistent with the market for a term of at least 10 years or unless the term is at least five years and the tenant is spending at least $50,000 of its own funds on improvements to the space. The amount of such prepayment may not exceed $500,000. The debt yield reserve is available to the borrower to pay such prepayment of principal and prepayment fee. If the balance in the debt yield reserve is not sufficient to pay the prepayment fee, the borrower is required to pay the prepayment fee from other funds. If any funds remain in such reserve after such prepayment, such funds are required to be released to the borrower. | |
With respect to Mortgage Loan No. 22, Sherman Square, the initial TI/LC reserve cap of $300,000 is reduced to $225,000 provided the debt yield is not less than 8.5% for five consecutive years. | |
With respect to Mortgage Loan No. 23, Holiday Inn Express at the Stadiums, the FF&E monthly reserve of $6,120 is based on 1/12 of 2% of gross revenue; on February 1, 2019 the FF&E monthly reserve increases to 1/12 of 3% of gross revenue; on February 1, 2020 and thereafter, the FF&E monthly reserve increases to 1/12 of 4% of gross revenue. | |
With respect to Mortgage Loan No. 27, Holiday Inn Express Newport News, the related mortgage loan documents require the Borrower to deposit $400,000 (the “UNCF Test Deposit”) into a UNCF Test Deposit reserve. The lender is required to disburse the UNCF Test Deposit to the borrower in a single disbursement on the first monthly payment date following the satisfaction of the following conditions (i) underwritten net cash flow for the mortgaged property (for which purpose, net operating income will be calculated on a trailing 12-month basis) equaling or exceeding $794,000 for any twelve-month period ending on June 30, 2019, September 31, 2019, January 1, 2020, March 31, 2020, or June 30, 2020 and (ii) no event of default has occurred. The lender is required to calculate underwritten net cash flow for the prior twelve-month period on a quarterly basis on the last day of each quarter commencing on June 30, 2019 and continuing until June 30, 2020. If the conditions to release of the UNCF Test Deposit are not satisfied on or before the end of the calendar quarter ending on September 30, 2020, the UNCF Test Deposit is required to be utilized by the lender on the next occurring monthly payment date to prepay the then outstanding principal balance of the mortgage loan, and the borrower is required to pay a prepayment fee equal to the greater of 1.00% of the amount prepaid and a yield maintenance premium. | |
With respect to Mortgage Loan No. 39, Oaks on Henry, a monthly replacement reserve of $1,083 commences June 1, 2020. | |
With respect to Mortgage Loan No. 43, Fedex Ground - Emporia, a first payment escrow of $16,349 is being held at closing and will be released on June 1, 2018 at first loan payment. | |
(15) | With respect to Mortgage Loan No. 21, Valley Medical Center, six tenants, 43.7% of NRA, are members of Loudoun Medical Group (Loudoun Pediatrics & Associates, Leesburg Sterling Family Practice, Mountain View Medical, Optimum Physical Therapy, Loudoun Rheumatology, and Catoctin Foot and Ankle Center). |
With respect to Mortgage Loan No. 35, Walgreens Concord, the largest tenant, Walgreens, has a final lease expiration date of October 31, 2083, but is subject to termination every five years starting on October 31, 2033. | |
With respect to Mortgage Loan No. 44, Walgreens Bloomington, the largest tenant, Walgreens, has a final lease expiration date of September 30, 2083, but is subject to termination every five years starting on September 30, 2033. |
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(16) | With respect to Mortgage Loan No. 2, One Dulles Tower, in the event that such mortgage loan is not repaid in full on or before the ARD, the borrower is required to make interest payments based on an interest rate equal to 3.50% plus the greater of (a) 3.9860% and (b) the sum of (i) 10-year treasury rate, (ii) the mid market 10-year swap spread and (iii) 1.64%. |
With respect to Mortgage Loan No. 12, Apple Campus 3, in the event that such mortgage loan is not repaid in full on or before the ARD, the borrower is required to make interest payments based on an interest rate equal to the greater of (i) 3.364978% plus 1.500% per annum, and (ii) the 10-year swap rate plus 1.500% per annum. | |
A. | “Defeasance Lockout Release Date” shall mean the earlier to occur of (i) the third anniversary of the Closing Date and (ii) the date that is two (2) years from the “startup day” (within the meaning of Section 860G(a)(9) of the IRS Code) of the REMIC Trust established in connection with the last Securitization involving any portion of or interest in the Loan. “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to one percent (1.0%) of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. (a) Permitted Prepayments. Except as otherwise provided herein, Borrower shall not have the right to prepay the Loan in whole or in part. On and after February 11, 2028 (the “Open Period Start Date”), Borrower may, provided no Event of Default has occurred and is continuing, at its option and upon thirty (30) days prior written notice (a “Prepayment Notice”) to Lender (or such shorter period of time as may be permitted by Lender in its sole discretion), prepay the Debt in whole on any date without payment of the Yield Maintenance Premium. Additionally, on and after the Defeasance Lockout Release Date and prior to the Open Period Start Date, Borrower may, provided no Event of Default has occurred and is continuing, at its option and upon delivery of a Prepayment Notice to Lender at least thirty (30) days (or such shorter period of time as may be permitted by Lender in its sole discretion) but no more than ninety (90) days prior to the date of such prepayment, prepay the Debt in whole (but not in part) on any date provided that such prepayment is accompanied by the Yield Maintenance Premium. For the avoidance of doubt, Lender shall not be obligated to accept any prepayment prior to the Open Period Start Date unless it is accompanied by the Yield Maintenance Premium (and Interest Shortfall, if any) due in connection therewith. Any prepayment received by Lender on a date other than a Monthly Payment Date shall include interest which would have accrued thereon to the next Monthly Payment Date (such amounts, the “Interest Shortfall”). Borrower hereby agrees that, in the event Borrower delivers a Prepayment Notice and fails to prepay the Loan in accordance with the Prepayment Notice and the terms of this Section 2.7 (a “Prepayment Failure”), Borrower shall indemnify Lender from and against, and shall be responsible for, all out-of-pocket costs and expenses incurred by Lender with respect to any such Prepayment Failure. |
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B. | “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) one percent (1%) of the unpaid principal balance of the Note as of the Repayment Date. “Prepayment Lockout Expiration Date” shall mean April 6, 2020. “Open Prepayment Date” shall mean October 6, 2027. “Yield Maintenance Amount” shall mean the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Open Prepayment Date (or, solely in connection with any calculation of the Prepayment Fee pursuant to Section 2.4.6(a) hereof, the Anticipated Repayment Date) (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date. As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the lesser of (i) the Yield Maintenance Treasury Rate and (ii) the Swap Rate, each when compounded semiannually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Prepayment Date (or, solely in connection with any calculation of the Prepayment Fee pursuant to Section 2.4.6(a) hereof, the Anticipated Repayment Date). (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.) 2.4.3 Voluntary Prepayments. Borrower shall have the right, only on a Business Day, on or after the Prepayment Lockout Expiration Date to prepay the Outstanding Principal Balance in whole, but not in part, upon satisfaction of the following conditions: (a) Borrower shall deliver to Lender a Prepayment Notice; and (b) Borrower shall comply with the provisions set forth in Section 2.4.7. 2.4.7 Prepayment/Repayment Conditions. If Borrower elects to prepay the Loan in accordance with Section 2.4.3 hereof: (a) On the date on which a prepayment, voluntary or mandatory, is made under the Note or as required under this Agreement, which date must be a Business Day, Borrower shall pay to Lender all unpaid interest on the portion of the Outstanding Principal Balance prepaid plus, if the Repayment Date is not a Monthly Payment Date, all interest accruing for the full Interest Period in which the Repayment Date falls. (b) On the Repayment Date, Borrower shall pay to Lender (i) the Prepayment Fee (if such payment is made prior to the Open Prepayment Date) and (ii) all other sums, then due under the Note, this Agreement, the Mortgage, and the other Loan Documents. (c) Borrower shall pay all reasonable costs and expenses of Lender incurred in connection with the repayment or prepayment (including without limitation, any costs and expenses associated with a release of the Lien of the Mortgage as set forth in Section 2.5 below and reasonable attorneys’ fees and expenses). |
C. | “Yield Maintenance Amount” shall mean the present value, as of the Repayment Date, of the remaining scheduled payments of principal and interest from the Repayment Date through the Open Prepayment Date (including any balloon payment) determined by discounting such payments at the Discount Rate, less the amount of principal being prepaid on the Repayment Date. “Prepayment Fee” shall mean an amount equal to the greater of (i) the Yield Maintenance Amount, or (ii) one percent (1%) of the unpaid principal balance of the Note as of the Repayment Date. “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the lesser of (i) the Treasury Rate and (ii) the Swap Rate, each when compounded semi annually. “Treasury Rate” shall mean the yield calculated by the linear interpolation of the yields, as reported in Federal Reserve Statistical Release H.15 Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Repayment Date, of U.S. Treasury constant maturities with maturity dates (one longer and one shorter) most nearly approximating the Open Prepayment Date. (In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Treasury Rate.) “Swap Rate” shall mean the yield calculated by the linear interpolation of mid-market swap yields, as reported on Reuters Capital Markets screen 19901 (SEMI-BOND column), with maturities (one longer and one shorter) most nearly approximating the Stated Maturity Date (in the event Reuters Capital Markets screen 19901 is no longer available, Lender shall select a comparable publication to determine such yield). |
D. | “Yield Maintenance”shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid,and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the last day of the calendar month immediately preceding the Open Date each equal to the amountof interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equ alto the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein,“Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S.government securities” and the sub-head ing “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S.Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the last day of the calendar month immediately preceding the Open Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
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E. | The Yield Maintenance Premium shall be equal to the greater of: (A) One percent (1%) of the amount of principal being prepaid; or (B) The product obtained by multiplying: (1) the amount of principal being prepaid, by (2) the difference obtained by subtracting from the Interest Rate on this Note the Yield Rate (as defined below), on the twenty-fifth Business Day preceding (x) the Noticed Prepayment Date, or (y) the date Payee accelerates the indebtedness evidenced by this Note or, except with respect to a Casualty Prepayment (as to which no Prepayment Premium shall be payable), otherwise accepts a prepayment by reason of Payee’s application of any collateral or other security to the repayment of any portion of the unpaid principal balance of this Note prior to the Maturity Date and in the absence of acceleration, by (3) the present value factor calculated using the following formula: (1 - (1 + r)^(-n/12)) / r r = Yield Rate n = the number of months remaining between (1) either of the following: (x) in the case of a voluntary prepayment, the last day of the month during which the prepayment is made, or (y) in any other case, the date on which Payee accelerates the unpaid principal balance of this Note and (2) the Yield Maintenance Period End Date. As used herein, the “Yield Rate” means the yield calculated by interpolating the yields for the immediately shorter and longer term U.S. “Treasury constant maturities” (as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates (the “Fed Release”) under the heading “U.S. government securities”) closest to the remaining term of the Yield Maintenance Period Term, as follows (rounded to three decimal places): (((a-b) / (x-y)) x (z-y)) + b a = the yield for the longer U.S. Treasury constant maturity b = the yield for the shorter U.S. Treasury constant maturity x = the term of the longer U.S. Treasury constant maturity y = the term of the shorter U.S. Treasury constant maturity z = “n” (as defined in the present value factor calculation above) divided by 12. Notwithstanding any provision to the contrary, if “z” equals a term reported under the U.S. “Treasury constant maturities” subheading in the Fed Release, the yield for such term shall be used, and interpolation shall not be necessary. If publication of the Fed Release is discontinued by the Federal Reserve Board, Payee shall determine the Yield Rate from another source selected by Payee. Any determination of the Yield Rate by Payee will be binding absent manifest error. |
F. | “Yield Maintenance” shall mean an amount equal to the greater of (i) one percent (1%) of the principal amount of the Loan being prepaid, and (ii) the present value as of the Prepayment Calculation Date of a series of monthly payments over the remaining term of the Loan through and including the Maturity Date each equal to the amount of interest which would be due on the principal amount of the Loan being prepaid assuming a per annum interest rate equal to the excess of the Interest Rate over the Reinvestment Yield, and discounted at the Reinvestment Yield. As used herein, “Reinvestment Yield” means the yield calculated by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. government securities” and the sub-heading “Treasury constant maturities” for the week ending prior to the Prepayment Calculation Date, of the U.S. Treasury constant maturities with maturity dates (one longer and one equal to or shorter) most nearly approximating the Maturity Date, and converted to a monthly compounded nominal yield. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Reinvestment Yield. The “Prepayment Calculation Date” shall mean, as applicable, the Payment Date on which Lender applies any prepayment to the reduction of the outstanding principal amount of the Note. Lender’s calculation of Yield Maintenance shall be conclusive and binding absent manifest error. |
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G. | (a) Prepayment. Except as otherwise provided herein, Borrower shall not have the right to prepay the Loan in whole or in part. On and after the Defeasance Lockout Release Date, Borrower may, provided no Event of Default has occurred and is continuing, at its option (and in lieu of defeasing the entire Loan in accordance with Section 2.8 below) and upon thirty (30) days prior written notice to Lender (or such shorter period of time as may be permitted by Lender in its sole discretion), prepay the Debt in whole (but not in part). If the Loan is prepaid on or after the Defeasance Lockout Release Date but prior to the Open Period Start Date, whether such prepayment is voluntary, involuntary or concurrently with or after an Event of Default, Borrower shall pay to Lender on such prepayment date the Yield Maintenance Premium and any applicable Interest Shortfall in addition to the outstanding principal balance, all accrued and unpaid interest
and other amounts payable under the Loan Documents. On and after the Open Period Start Date, Borrower may, provided no Event of Default has occurred and is continuing, at its option and upon thirty (30) days prior notice to Lender (or such shorter period of time as may be permitted by Lender in its sole discretion), prepay the Debt in whole (but not in part) on any date without payment of the Yield Maintenance Premium. Any prepayment received by Lender on a date other than a Monthly Payment Date shall include any applicable Interest Shortfall. “Defeasance Lockout Release Date” shall mean the earlier to occur of (i) the 4th anniversary of the first Monthly Payment Date and (ii) the date that is 2 years from the “startup day” (within the meaning of Section 860G(a)(9) of the IRS Code) of the REMIC Trust established in connection with the last Securitization involving any portion of or interest in the Loan. “Open Period Start Date” shall mean the Monthly Payment Date occurring 6 months prior to the Maturity Date. “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
H. | Prepayments Prior to
Open Period Start Date. Subject to Section 2.7(c), on and after the Lockout Release Date, through but not including the Open Period
Start Date, Borrower may, at its option and upon at least thirty (30) days’ (and no greater than ninety (90) days’)
prior notice to Lender (which notice shall specify the proposed prepayment date), prepay the Debt in whole (but not in part),
on any date, provided that such prepayment shall be accompanied by (i) the Yield Maintenance Premium, (ii) Interest Shortfall,
(iii) the outstanding principal balance, (iv) all accrued and unpaid interest and (v) other amounts payable under the Loan Documents.
If a notice of prepayment is given by Borrower to Lender pursuant to this Section 2.7(d), the amount designated for prepayment
and all other sums required under this Section 2.7(d) shall be due and payable on the proposed prepayment date. “Lockout Release Date” shall mean the earlier of (i) the Monthly Payment Date occurring 4 years after the first Monthly Payment Date and (ii) the date that is 2 years from the “startup day” (within the meaning of Section 860G(a)(9) of the IRS Code) of the REMIC Trust established in connection with the last Securitization involving any portion of or interest in the Loan. “Open Period Start Date” shall mean the Monthly Payment Date occurring 3 months prior to the Maturity Date. “Yield Maintenance Premium” shall mean an amount equal to the greater of: (a) an amount equal to Applicable Percentage of the amount prepaid; or (b) an amount equal to (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required hereunder, calculated by discounting such payments from the respective dates each such payment was due hereunder (or, with respect to the payment required on the Maturity Date (assuming the outstanding principal balance of the Loan is due on the Maturity Date), from the Maturity Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date, multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean (y) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Maturity Date (or if two or more such securities have maturity dates equally close to the Maturity Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date, divided by (z) 12. Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
C:
This ‘FWP’ Filing | Date | Other Filings | ||
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10/31/33 | ||||
9/30/33 | ||||
2/11/28 | ||||
10/6/27 | ||||
1/31/22 | ||||
4/1/21 | ||||
3/1/21 | ||||
9/30/20 | ||||
7/31/20 | ||||
6/30/20 | ||||
6/1/20 | ||||
4/6/20 | ||||
4/1/20 | ||||
3/31/20 | ||||
2/1/20 | ||||
1/1/20 | ||||
8/31/19 | ||||
6/30/19 | ||||
4/1/19 | ||||
2/1/19 | ||||
6/1/18 | ||||
Filed on: | 5/9/18 | FWP | ||
2/28/18 | ||||
3/5/01 | ||||
List all Filings |