Collateral Summary Sample Clauses
The Collateral Summary clause provides an overview of the assets or property pledged as security for a loan or obligation. It typically lists the types of collateral involved, such as real estate, equipment, or financial instruments, and may reference schedules or exhibits where detailed descriptions are found. By summarizing the collateral, this clause ensures all parties have a clear understanding of what secures the agreement, reducing the risk of disputes and facilitating enforcement if necessary.
Collateral Summary. Initial Pool Balance: $1,083,740,881 Number of Mortgage Loans: 39 Number of Mortgaged Properties: 74 Average Cut-off Date Mortgage Loan Balance: $27,788,228 Weighted Average Mortgage Interest Rate: 3.37454% Weighted Average Remaining Term to Maturity Date/ARD (mos): 115 Weighted Average Remaining Amortization Term (mos): 357 Weighted Average Cut-off Date LTV Ratio: 53.4% Weighted Average Maturity Date/ARD LTV Ratio: 50.8% Weighted Average Underwritten DSCR Ratio: 2.91x Weighted Average Debt Yield on Underwritten NOI: 11.2% % of Mortgage Loans with Mezzanine Debt: 15.2% % of Mortgage Loans with Subordinate Debt: 24.0% % of Mortgage Loans with Preferred Equity: 0.0% % of Mortgaged Properties with Single Tenants: 7.5% Property Type: 35.8% Office, 20.7% Mixed Use, 12.7% Retail, 10.7% Hospitality, 9.9% Industrial, 5.5% Multifamily Top 2 States: 36.7% NY, 16.1% CA Anticipated Pricing: November 20th Anticipated Closing: November 30th FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: ▇▇▇-▇▇▇▇▇▇-▇▇ Sent: Friday, November 20, 2020 1:07 PM Subject: BMARK 2020-B21 – Launch (Public)(external) $918.876mm Fixed Rate CMBS Offering Co-Lead Managers and Joint Bookrunners: ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC, Citigroup, ▇▇ ▇▇▇▇▇▇, and Deutsche Bank Securities Co-Managers: Academy Securities and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Class [REDACTED] Size($mm) WAL(yr) C/E LTV Debt Yld Launch $px A-1 [REDACTED] 11.511 2.69 30.000% 37.4% 16.0% S+25 100-00 A-2 [REDACTED] 46.719 4.59 30.000% 37.4% 16.0% S+65 103-00 A-4 [REDACTED] 216.500 9.24 30.000% 37.4% 16.0% S+81 101-00 A-5 [REDACTED] 423.991 9.88 30.000% 37.4% 16.0% S+83 103-00 A-AB [REDACTED] 21.966 7.06 30.000% 37.4% 16.0% S+73 103-00 A-S [REDACTED] 99.095 9.98 20.375% 42.5% 14.1% S+110 103-00 B [REDACTED] 56.625 10.04 14.875% 45.5% 13.2% S+130 103-00 C [REDACTED] 42.469 10.04 10.750% 47.7% 12.5% S+220 WAC Initial Pool Balance: $1,083,740,881 Number of Mortgage Loans: 39 Number of Mortgaged Properties: 74 Average Cut-off Date Mortgage Loan Balance: $27,788,228 Weighted Average Mortgage Interest Rate: 3.37454% Weighted Average Remaining Term to Maturity Date/ARD (mos): 115 Weighted Average Remaining Amortization Term (mos): 357 Weighted Average Cut-off Date LTV Ratio: 53.4% Weighted Average Maturity Date/ARD LTV Ratio: 50.8% Weighted Average Underwritten DSCR Ratio: 2.91x Weighted Average Debt Yield on Underwritten NOI: 11.2% % of Mortgage Loans with Mezzanine Debt: 15.2% % of Mortgage Loans with Subordinate Debt: 24.0% % of Mortgage ...
Collateral Summary. Borrower shall maintain a collateral summary (in excel or similar format) (the “Collateral Summary”) for all of the Properties in order for Lender to monitor the Appraised Values of the Properties to ensure Borrower is at all times in compliance with the loan-to-value covenant in Section 6.13 hereof. The Collateral Summary shall be submitted to Lender prior to the effectiveness of this Agreement and shall be acceptable to Lender in its sole discretion. The Collateral Summary shall be updated annually to list the current Appraised Values of the Properties and such other detail as reasonably requested by ▇▇▇▇▇▇.
Collateral Summary. Initial Pool Balance: $892,116,230
Collateral Summary. Initial Pool Balance: $1,120,898,925 Number of Mortgage Loans: 47 Number of Mortgaged Properties: 90 Average Cut-off Date Mortgage Loan Balance: $23,848,913 Weighted Average Mortgage Interest Rate: 3.32263% Weighted Average Remaining Term to Maturity Date/ARD (mos): 109 Weighted Average Remaining Amortization Term (mos): 352 Weighted Average Cut-off Date LTV Ratio: 56.1% Weighted Average Maturity Date/ARD LTV Ratio: 53.3% Weighted Average Underwritten DSCR Ratio: 2.94x Weighted Average Debt Yield on Underwritten NOI: 10.6% % of Mortgage Loans with Mezzanine Debt: 9.99% % of Mortgage Loans with Subordinate Debt: 18.8% % of Mortgage Loans with Preferred Equity: 0.0% % of Mortgage Loans with Single Tenants: 26.9% Property Type: 30.1% Retail, 22.8% Office, 17.2% Multifamily, 13.5% Mixed Use, 9.7% Industrial
Collateral Summary. Initial Pool Balance: $1,209,397,625 Number of Mortgage Loans: 47 Number of Mortgaged Properties: 76 Average Cut-off Date Mortgage Loan Balance: $25,731,864 Weighted Average Mortgage Interest Rate: 3.58041% Weighted Average Remaining Term to Maturity Date/ARD (mos): 115 Weighted Average Remaining Amortization Term (mos): 358 Weighted Average Cut-off Date LTV Ratio: 55.9% Weighted Average Maturity Date/ARD LTV Ratio: 52.8%