Common Contracts
22 similar Mortgage Loan Purchase Agreement contracts by Citigroup Commercial Mortgage Trust 2014-Gc19, Citigroup Commercial Mortgage Trust 2014-Gc25, GS Mortgage Securities Trust 2011-Gc5, others
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and STARWOOD MORTGAGE FUNDING V LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 1, 2017 Citigroup Commercial Mortgage Trust 2017-P8 Commercial Mortgage Pass- Through...Mortgage Loan Purchase Agreement • September 29th, 2017 • Citigroup Commercial Mortgage Trust 2017-P8 • Asset-backed securities • New York
Mortgage Loan Mortgaged Property. The Mortgagor has moved to dismiss the case and a settlement is pending pursuant to the terms of which, the sole tenant at the Mortgaged Property will be required to add sound proofing to certain parts of the roof plan.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of July 1, 2015 Series 2015-GC32Mortgage Loan Purchase Agreement • July 31st, 2015 • GS Mortgage Securities Trust 2015-Gc32 • Asset-backed securities • New York
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • April 15th, 2015 • Citigroup Commercial Mortgage Trust 2015-Gc29 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (16) Insurance 3 Columbus Circle (Loan No. 3) The Mortgage Loan documents provide that if terrorism coverage is not available from a carrier meeting the requirements otherwise contained in the Loan Documents, Borrower will, to the extent commercially feasible, obtain such coverage from the highest rated insurance company providing such coverage; provided, however, that notwithstanding the foregoing requirement that terrorism insurance be obtained from a qualified carrier, Borrower may obtain terrorism coverage in excess of $100,000,000 written by Belmont Insurance Company, a non-rated captive insurer, provided the following conditions are met and continue to be satisfied: (1) Belmont Insurance Company is and remains a licensed captive insurance company which is owned by SL Green Realty Corp. or SL Green Operating Partnership, L.P.; (2) as long as there is United States Federal Government backstop for an amount equal to the Applicab
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CANTOR COMMERCIAL REAL ESTATE LENDING, L.P., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 1, 2014 Series 2014-GC26Mortgage Loan Purchase Agreement • December 8th, 2014 • GS Mortgage Securities Trust 2014-Gc26 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception Mortgagor reserved the estimated amount for real estate taxes (approximately $14,000). The Loan Documents require the Mortgagor to amend the Condominium Declaration to provide that the Mortgagor be reimbursed by the other unit owners for their pro rata share of the real estate taxes on the land for the condominium regime. (39) Organization of Mortgagor Wilshire Gramercy Plaza (Loan No. 40); Ventura Collection (Loan No. 60); Santa Monica & Vine (Loan No. 66); Florence Plaza (Loan No. 92) The Mortgagors under each of the related Mortgage Loans are Affiliates of each other. (39) Organization of Mortgagor La Quinta SS (Loan No. 58); Double R Self Storage (Loan No. 67) The Mortgagors under each of the related Mortgage Loans are Affiliates of each other.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • October 24th, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc25 • Asset-backed securities • New York
Representation Number on Exhibit B Mortgage Loan Name and Number as Identified on Exhibit A Description of Exception (31) Single-Purpose Entity Gateway Fashion Center (Loan No. 4) The Mortgagor previously owned property adjacent to the Mortgaged Property. The Mortgagor delivered a recycled borrower certificate in connection with the origination of the Mortgage Loan, and the Mortgagor does not own any assets other than those related to its interest in, and the operation of, the Mortgaged Property. A Phase I conducted on the previously owned property revealed no evidence of any environmental impacts. The Mortgagor and the guarantor have agreed to indemnify the Mortgagee for any loss suffered by the Mortgagee as a result of any liabilities arising from the previously owned property. (31) Single-Purpose Entity Hartland Village Shopping Center (Loan No. 55) The Mortgagor previously owned property adjacent to the Mortgaged Property. The Mortgagor delivered a recycled borrower certificate in
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • October 24th, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc25 • Asset-backed securities • New York
No. 33) Beltline Industrial (Loan No. 44) Hudson Plaza II (Loan No. 46) Starcrest Business Center (Loan No. 52) Stapleton Business Center (Loan No. 53) 734 Roble Road (Loan No. 58) Fig Leaf Plaza (Loan No. 59) BB&T Bank Branch (Loan No. 61) insurance that does not satisfy the requirements of the Mortgage Loan documents to the extent approved by the Mortgagee and, generally, if required by the Mortgagee, a “no downgrade” confirmation has been received. Although the related Mortgage Loan documents do not expressly require the following coverages (except as noted), the Mortgagee required that the Mortgagor obtain at least the minimum coverages specified in Representation 16: (i) the respective Loan Agreement does not contain the requirement that property insurance be in an amount at least equal to the lesser of (1) the original principal balance of the mortgage loan and (2) the “full replacement cost”; each Loan Agreement instead requires that coverage be obtained in the amount of the for
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 1, 2014 Series 2014-GC24Mortgage Loan Purchase Agreement • September 29th, 2014 • GS Mortgage Securities Trust 2014-Gc24 • Asset-backed securities • New York
of not less than “BBB+” by S&P and “A-:VIII” by A.M. Best. Additionally, the required flood hazard insurance may be with any insurance company authorized by the United States government to issue such insurance provided such flood hazard insurance is reinsured by the United States government. The related Mortgagor may maintain property all-risk insurance with a deductible that does not exceed (i) five percent (5%) of the insured value for windstorm and earthquake coverage, and (ii) $100,000 for all other such coverage. The amounts of these deductibles may be considered higher than customary. The related Mortgagor may maintain earthquake insurance with a deductible that does not exceed the greater of (i) $100,000 or (ii) five percent (5%) of the insured value for so long as that threshold is available at commercially reasonable rates (if not available at commercially reasonable rates, then the threshold is capped at ten percent (10%) of the insured value provided that the Mortgagor estab
GS MORTGAGE SECURITIES CORPORATION II,Mortgage Loan Purchase Agreement • June 24th, 2014 • GS Mortgage Securities Trust 2014-Gc22 • Asset-backed securities • New York
Capitalized terms used herein without definition have the meanings given them in the Agreement or, if not defined therein, in the Indemnification Agreement.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • May 22nd, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc21 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (39) Organization of Mortgagor Hilton Garden Inn Rock Hill (No. 31), Hilton Garden Inn Harris (No. 35), Hampton Inn Speedway (No. 36), Hilton Garden Inn Pineville (No. 39) The borrowers under each of these Mortgage Loans are affiliates. (39) Organization of Mortgagor Kings Pointe Apartments (No. 15), Kings Cross Apartments (No. 24) The borrowers under each of these Mortgage Loans are affiliates.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 1, 2014 Series 2014-GC20Mortgage Loan Purchase Agreement • April 15th, 2014 • GS Mortgage Securities Trust 2014-Gc20 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception casualty wherein the applicable lease is not terminated, each tenant has the right to receive, hold and disburse the related insurance proceeds and use the same to restore the applicable leased premises. In addition, the Mortgagee is not named as a loss payee under the property and casualty insurance policy maintained by the SaveMart tenant. The insurance coverage maintained by the SaveMart tenant contains a deductible of $500,000. (17) Access; Utilities; Separate Tax Lots Walnut Creek Apartments – Farmington Hills (No. 62) One of the tax parcels that constitutes the Mortgaged Property includes a portion of a public right of way. The Mortgage Loan Documents require Mortgagor to pay any taxes that may be levied on such public right of way. (18) No Encroachments Walgreens Shopping Center Portfolio #3 (No. 8) The building on the Mortgaged Property located in Florissant, Missouri shares a party wall with an adjoining property to the nor
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • March 20th, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc19 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (16) Insurance Walgreens – Woodridge, IL (No. 65) Per the Mortgage Loan documents and the Walgreens lease, Walgreens shall rebuild and/or repair the Property and has the right to hold and disburse insurance proceeds as the repair or restoration progresses. (17) Access; Utilities; Separate Tax Lots Highland Estates MHC (No. 14) One tax parcel of the Property (“Exception Tax Parcel”) includes property that is not part of the Collateral consisting of approximately 1.45 to 2 acres (the “Additional Parcel”). County records are inconsistent as to ownership of the Additional Parcel following a lot split of an adjacent parcel years ago. borrower is in the process of trying to cause the Additional Parcel to be removed from the Exception Tax Parcel and has agreed to use its best efforts to do so within one year of closing. Borrower has represented that it has paid all Taxes applicable to the Exception Tax Parcel and has has agreed to continue
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of March 1, 2014 Series 2014-GC19Mortgage Loan Purchase Agreement • March 20th, 2014 • Citigroup Commercial Mortgage Trust 2014-Gc19 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (16) Insurance Mid-City Plaza (No. 13) All policies of insurance may be issued by a syndicate of insurers through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings (provided that the first layers of coverage are from insurers rated at least “A” by S&P and “A2” by Moody’s, if Moody’s rates such insurer and is rating the Certificates, and all such insurers must have ratings of not less than “BBB+” by S&P and “Baa1” by Moody’s, if Moody’s rates such insurer and is rating the Certificates). (16) Insurance Western Crossing (No. 16) The borrower is permitted to pay the insurance premiums through a premium financing agreement, provided that (i) the borrower provides proof of payment of each installment to the premium financing company as they become due and payable, and (ii) the borrower
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and STARWOOD MORTGAGE FUNDING I LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of January 1, 2014 Series 2014-GC18Mortgage Loan Purchase Agreement • February 5th, 2014 • GS Mortgage Securities Trust 2014-Gc18 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception Exclusion Blue Doors Tallahassee (No. 7) Blue Doors Bentonville (No. 8) discontinued, the Mortgagor is not required to spend for terrorism insurance coverage, more than two (2) times the premium for a separate special-form all-risk insurance policy or similar policy (such insurance premium, for purposes of this calculation, not to include catastrophic loss perils, i.e. earthquake, windstorm and/or flood coverage) insuring only the Mortgaged Property on a stand-alone basis at the time of origination of the Mortgage Loan. (30) Due on Sale or Encumbrance Blue Doors Carolinas (No. 6) Blue Doors Tallahassee (No. 7) Blue Doors Bentonville (No. 8) The limited partners of the sole member of the Mortgagor are permitted to transfer their indirect, non-controlling interests in the Mortgagor to other persons so long as such transfer does not result in the transferee acquiring a controlling interest in the Mortgagor or sole member of the Mortgag
GS MORTGAGE SECURITIES CORPORATION II,Mortgage Loan Purchase Agreement • November 20th, 2013 • GS Mortgage Securities Trust 2013-Gcj16 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (25) Licenses and Permits 257 West 17th Street (No. 64) The tenant’s use of the mortgaged property as a fitness center is deemed a physical cultural establishment under applicable Zoning Regulations and requires the issuance of a “special use permit” by the New York City Board of Standards and Appeals and corresponding change in use the certificate of occupancy for the building. Under the loan documents the borrower covenants to diligently pursue the issuance of the special use permit and change in use to the certificate of occupancy for the buildings. Any loss or damage caused by the failure of the mortgaged property to have the special use permit of change in use of the certificate of occupancy is a recourse obligation of the borrower and the guarantor. (39) Organization of Mortgagor Sail Pointe Apartments (No. 19) and Sanctuary at Winterlakes Apartments (No. 27) The Mortgagor under each of these Mortgage Loans is affiliated with
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 1, 2013 Series 2013-GC15Mortgage Loan Purchase Agreement • September 30th, 2013 • Citigroup Commercial Mortgage Trust 2013-Gc15 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (39) Organization of Mortgagor 125 Third Avenue (No. 2) and 400 Broome Street (No. 4) The Mortgagor under each of these Mortgage Loans is affiliated with the other Mortgagor, but the Mortgage Loans are not cross-collateralized or cross-defaulted with each other.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of July 17, 2013 Fixed Rate Mortgage Loans Series 2013-C13Mortgage Loan Purchase Agreement • July 17th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception the restoration of the Project, which includes landscaping, repairs to fences and walls and movement of sheds. Borrower and ODOT are in settlement discussions concerning the award amount. ODOT’s Taking and Damage Report estimated the damage at $37,000. 15 Romaine Village (Loan No. 34) (Actions Concerning Mortgage Loan) – Oregon Department of Transportation (ODOT) has proposed construction of a road along the mortgaged property’s northern border that would result in a 0.20 acre taking and relocation or reduction of 7 pad sites. The Loan Agreement provides that the Borrower may receive the award, but is required to apply the proceeds to the restoration of the Project, which includes landscaping, repairs to fences and walls and movement of sheds. Borrower and ODOT are in settlement discussions concerning the award amount. ODOT’s Taking and Damage Report estimated the damage at $37,000. 26
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GENERAL ELECTRIC CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of July 17, 2013 Fixed Rate Mortgage Loans Series 2013-C13Mortgage Loan Purchase Agreement • July 11th, 2013 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception the restoration of the Project, which includes landscaping, repairs to fences and walls and movement of sheds. Borrower and ODOT are in settlement discussions concerning the award amount. ODOT’s Taking and Damage Report estimated the damage at $37,000. 15 Romaine Village (Loan No. 34) (Actions Concerning Mortgage Loan) – Oregon Department of Transportation (ODOT) has proposed construction of a road along the mortgaged property’s northern border that would result in a 0.20 acre taking and relocation or reduction of 7 pad sites. The Loan Agreement provides that the Borrower may receive the award, but is required to apply the proceeds to the restoration of the Project, which includes landscaping, repairs to fences and walls and movement of sheds. Borrower and ODOT are in settlement discussions concerning the award amount. ODOT’s Taking and Damage Report estimated the damage at $37,000. 26
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • June 25th, 2013 • JPMBB Commercial Mortgage Securities Trust 2013-C12 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception So long as Walgreens is required, pursuant to the Walgreens lease, to reconstruct the improvements following a casualty or condemnation, the provisions of the Walgreens lease shall control as to the application of the net proceeds, and that any net proceeds received by Mortgagor shall be governed in accordance with the terms hereof. Reserves with respect to taxes (and other related charges) and insurance premiums have been waived, provided that: (i) no Walgreens Waiver Suspension Event shall be in effect; (ii) no event of default exists; (iii) the Walgreens lease requires Walgreens to pay taxes directly, and Walgreens pays all taxes prior to the due date thereof; (iv) Mortgagor shall deliver to lender copies of all bills for taxes as soon as the same are received by Mortgagor; (v) lender shall have received evidence reasonably satisfactory to lender that all taxes have been paid as and
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • June 21st, 2013 • JPMBB Commercial Mortgage Securities Trust 2013-C12 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception So long as Walgreens is required, pursuant to the Walgreens lease, to reconstruct the improvements following a casualty or condemnation, the provisions of the Walgreens lease shall control as to the application of the net proceeds, and that any net proceeds received by Mortgagor shall be governed in accordance with the terms hereof. Reserves with respect to taxes (and other related charges) and insurance premiums have been waived, provided that: (i) no Walgreens Waiver Suspension Event shall be in effect; (ii) no event of default exists; (iii) the Walgreens lease requires Walgreens to pay taxes directly, and Walgreens pays all taxes prior to the due date thereof; (iv) Mortgagor shall deliver to lender copies of all bills for taxes as soon as the same are received by Mortgagor; (v) lender shall have received evidence reasonably satisfactory to lender that all taxes have been paid as and
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of April 1, 2013 Series 2013-GCJ11Mortgage Loan Purchase Agreement • April 30th, 2013 • Citigroup Commercial Mortgage Trust 2013-Gcj11 • Asset-backed securities • New York
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER, GOLDMAN SACHS MORTGAGE COMPANY SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 1, 2011 Series 2011-GC5Mortgage Loan Purchase Agreement • July 30th, 2012 • GS Mortgage Securities Trust 2011-Gc5 • Asset-backed securities • New York
Representation Mortgage Loan Name and Number Exception (5) Legal, Valid and Binding Obligation White Marlin Mall (No. 23) Due to the indemnity deed of trust structure, the Mortgage secures a guaranty by the Mortgaged Property owner of the Mortgagor’s payments under the Mortgage Note. The Mortgagor under the Mortgage Note does not own the Mortgaged Property, the guarantor under the indemnity deed of trust owns a leasehold interest in the Mortgaged Property. (8) Mortgage Lien Cole Portfolio (No. 8) With respect to each of the Tractor Supply – Nixa Mortgaged Property and the Tractor Supply – Hamilton Mortgaged Property, the related sole tenant has a right of first refusal to purchase all or a portion of the related Mortgaged Property (which right of first refusal is subordinated to the Mortgage Loan). (8) Mortgage Lien Southpark Office Building (No. 37) The sole tenant has an option to purchase the related Mortgaged Property (which purchase option is subordinated to the Mortgage Loan and
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER, GOLDMAN SACHS MORTGAGE COMPANY SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of October 1, 2011 Series 2011-GC5Mortgage Loan Purchase Agreement • October 11th, 2011 • GS Mortgage Securities Trust 2011-Gc5 • Asset-backed securities • New York
Representation Mortgage Loan Name and Number Exception (5) Legal, Valid and Binding Obligation White Marlin Mall (No. 23) Due to the indemnity deed of trust structure, the Mortgage secures a guaranty by the Mortgaged Property owner of the Mortgagor’s payments under the Mortgage Note. The Mortgagor under the Mortgage Note does not own the Mortgaged Property, the guarantor under the indemnity deed of trust owns a leasehold interest in the Mortgaged Property. (8) Mortgage Lien Cole Portfolio (No. 8) With respect to each of the Tractor Supply – Nixa Mortgaged Property and the Tractor Supply – Hamilton Mortgaged Property, the related sole tenant has a right of first refusal to purchase all or a portion of the related Mortgaged Property (which right of first refusal is subordinated to the Mortgage Loan). (8) Mortgage Lien Southpark Office Building (No. 37) The sole tenant has an option to purchase the related Mortgaged Property (which purchase option is subordinated to the Mortgage Loan and
