Common Contracts
12 similar Mortgage Loan Purchase Agreement contracts by Citigroup Commercial Mortgage Trust 2012-Gc8, GS Mortgage Securities Trust 2012-Gcj7, Credit Suisse Commercial Mortgage Securities Corp., others
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and GERMAN AMERICAN CAPITAL CORPORATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of May 23, 2016 Fixed Rate Mortgage LoansMortgage Loan Purchase Agreement • May 23rd, 2016 • JPMDB Commercial Mortgage Securities Trust 2016-C2 • Asset-backed securities • New York
the related Mortgage Loan, AR Capital also owned a less than 3.0% interest in each Borrower. AR Capital or companies owned and controlled by AR Capital also previously externally managed American Realty Capital Properties Inc. (“ARCP”) until January 2014, when the company became self-managed. On October 29, 2014, ARCP, a real estate investment trust sponsored by AR Capital, and of which Mr. Schorsch was then the chairman, issued a press release announcing that, based on preliminary findings of ARCP’s audit committee, such committee concluded that previously issued financial statements and other financial information contained in ARCP’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and Quarterly Reports on Form 10-Q for the fiscal periods ended March 31, 2014 and June 30, 2014, and ARCP’s earnings releases and other financial communications for those periods should no longer be relied upon. The audit committee stated that it believed that ARCP incorrectly includ
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and RIALTO MORTGAGE FINANCE, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2016 Series 2016-C5Mortgage Loan Purchase Agreement • March 2nd, 2016 • Credit Suisse Commercial Mortgage Securities Corp. • Asset-backed securities • New York
contained in the offer (which amount may be reduced by broker fees or commissions that would have been payable if the premises were sold pursuant to a bona fide offer) , in which event, the borrower will be required sell the Walgreens premises to the tenant. The right of first refusal does not apply to a foreclosure sale or a deed-in-lieu of foreclosure; however, such right of first refusal applies to subsequent purchasers of the Mortgaged Property.
CREDIT SUISSE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER and RIALTO MORTGAGE FINANCE, LLC, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 1, 2016 Series 2016-C5Mortgage Loan Purchase Agreement • February 9th, 2016 • CSAIL 2016-C5 Commercial Mortgage Trust • Asset-backed securities • New York
contained in the offer (which amount may be reduced by broker fees or commissions that would have been payable if the premises were sold pursuant to a bona fide offer) , in which event, the borrower will be required sell the Walgreens premises to the tenant. The right of first refusal does not apply to a foreclosure sale or a deed-in-lieu of foreclosure; however, such right of first refusal applies to subsequent purchasers of the Mortgaged Property.
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., 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 condominium, and the related condominium documents govern the application of insurance proceeds in the event of a casualty, which net proceeds are held and disbursed by the condominium board. (16) Insurance Dick’s Sporting Goods (Loan No. 44) The terms of the lease with the single tenant at the Mortgaged Property, Dick’s Sporting Goods, govern and control with respect to the disbursement of insurance proceeds provided (i) the lease is in full force and effect; (ii) no default resulting from non-payment by tenant of any amounts due under the lease is continuing; (iii) no default by the Mortgagor under the lease is continuing; (iv) no event (other than a casualty) has occurred which would cause a termination right, right of first refusal or first offer or any other similar right, and/or cause any termination fees to be due under the lease; (v) no event of default or monetary default is continuing for which the Mortgagor has been provi
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and GOLDMAN SACHS MORTGAGE COMPANY, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of June 1, 2014 Series 2014-GC22Mortgage Loan Purchase Agreement • June 24th, 2014 • GS Mortgage Securities Trust 2014-Gc22 • Asset-backed securities • New York
Mortgage Loan (No. 12) remanded to the trial court after the initial judgment against the Guarantor (i.e., recourse liability as the guarantor for a commercial loan) was reversed by the Michigan Court of Appeals: Wells Fargo Bank, NA vs. Cherryland Mall Limited Partnership. The commercial property previously owned by Cherryland Mall Limited Partnership was foreclosed by the related lender. (13) Actions Concerning Mortgage Loan Broadway Market Center (No. 23) The Guarantor is a co-guarantor of a commercial loan made to Pioneer Austin East Development I, Ltd., the collateral for which is currently subject to foreclosure proceedings and the entity is in bankruptcy. According to disclosures provided by Guarantor, the remaining obligations under the related guaranty are approximately $300,000 and the collateral has significant value. (16) Insurance Selig Portfolio (No. 2) Maccabees Center (No. 12) All policies may be issued by one or more insurers having a rating of at least “A” by S&P and
GS MORTGAGE SECURITIES CORPORATION II, PURCHASER and CITIGROUP GLOBAL MARKETS REALTY CORP., 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 Permits Mortgaged Property located at 618 Seventh Avenue, Beaver Falls, Pennsylvania had not been obtained as of the origination of the Mortgage Loan or the Cut-off date. As of the origination of the Mortgage Loan and the Cut-off date, the related Mortgagor operated such individual Mortgaged Property under a temporary certificate of occupancy with no stated expiration date. The Mortgagor is obligated under the related Mortgage Loan documents to obtain the permanent certificate of occupancy within 120 days of the origination of the Mortgage Loan. (28) Financial Reporting and Rent Rolls 1500 Spring Garden (No. 4) The Mortgage Loan documents do not require a statement of members’ capital to be included in the annual financial statements of the two Mortgagors. (31) Single-Purpose Entity CityScape – East Office/Retail (No. 2) The Mortgagor previously held the leasehold interest in certain adjacent parcels of real property which were as
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • October 1st, 2012 • Citigroup Commercial Mortgage Trust 2012-Gc8 • Asset-backed securities • New York
Representation Mortgage Loan Name and Number Description of Exception (29) Act of Terrorism Exclusion Miami Center (No. 1) So long as TRIA is in effect, Mortgagor must obtain and maintain terrorism insurance for Certified and Non-Certified acts (as such terms are defined in TRIA) in an amount equal to the full replacement cost of the Mortgaged Property plus 18 months of business interruption coverage. If TRIA or a similar or subsequent statute is not in effect, then the policies shall not exclude coverage for acts of terror or similar acts of sabotage unless terrorism insurance is not commercially available, in which case, Mortgagor shall obtain stand-alone coverage in commercially reasonable amounts (i.e., amounts that would be (x) obtained by property owners of properties located in markets similar to that of the Property and similar in size and type to the Property and (y) required by prudent institutional lenders). (30) Due on Sale or Encumbrance Miami Center (No. 1) Future mezzani
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • October 1st, 2012 • Citigroup Commercial Mortgage Trust 2012-Gc8 • Asset-backed securities • New York
Representation Mortgage Loan Name and Number Description of Exception from plaintiff’s general partnership to limited partnership in the venture. At the completion of such buyout, the plaintiff will control certain triple net lease properties, while the defendants will retain control of their development company, management company, and the hotels owned by the venture. (13) Actions Concerning Mortgage Loan TownePlace Suites -Fayetteville (No. 26) A civil action was filed in the 141st Judicial District Court of Tarrant County, Texas, by Texas Capital Bank against Dewey F. Weaver, Jr. (“Weaver”), the non-recourse carveout guarantor, resulting from Weaver’s guaranty of a note for a friend. All sums due and owing under the judgment have been placed in register of the court., and the only matter still pending involves claim of attorney fees of approximately $165,000.00. (16) Insurance All GSMC Mortgage Loans other than West Valley Shopping Center (No. 11) and TownePlace Suites – Fayettevil
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • September 24th, 2012 • Citigroup Commercial Mortgage Trust 2012-Gc8 • Asset-backed securities • New York
Representation Mortgage Loan Name and Number Description of Exception from plaintiff’s general partnership to limited partnership in the venture. At the completion of such buyout, the plaintiff will control certain triple net lease properties, while the defendants will retain control of their development company, management company, and the hotels owned by the venture. (13) Actions Concerning Mortgage Loan TownePlace Suites -Fayetteville (No. 26) A civil action was filed in the 141st Judicial District Court of Tarrant County, Texas, by Texas Capital Bank against Dewey F. Weaver, Jr. (“Weaver”), the non-recourse carveout guarantor, resulting from Weaver’s guaranty of a note for a friend. All sums due and owing under the judgment have been placed in register of the court., and the only matter still pending involves claim of attorney fees of approximately $165,000.00. (16) Insurance All GSMC Mortgage Loans other than West Valley Shopping Center (No. 11) and TownePlace Suites – Fayettevil
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • September 24th, 2012 • Citigroup Commercial Mortgage Trust 2012-Gc8 • Asset-backed securities • New York
Representation Mortgage Loan Name and Number Description of Exception (29) Act of Terrorism Exclusion Miami Center (No. 1) So long as TRIA is in effect, Mortgagor must obtain and maintain terrorism insurance for Certified and Non-Certified acts (as such terms are defined in TRIA) in an amount equal to the full replacement cost of the Mortgaged Property plus 18 months of business interruption coverage. If TRIA or a similar or subsequent statute is not in effect, then the policies shall not exclude coverage for acts of terror or similar acts of sabotage unless terrorism insurance is not commercially available, in which case, Mortgagor shall obtain stand-alone coverage in commercially reasonable amounts (i.e., amounts that would be (x) obtained by property owners of properties located in markets similar to that of the Property and similar in size and type to the Property and (y) required by prudent institutional lenders). (30) Due on Sale or Encumbrance Miami Center (No. 1) Future mezzani
GS MORTGAGE SECURITIES CORPORATION II,Mortgage Loan Purchase Agreement • July 23rd, 2012 • GS Mortgage Securities Trust 2012-Gcj7 • Asset-backed securities • New York
Entity. (No. 33) the Mortgage Loans and (ii) it is obligated to transfer ownership of within a certain period of origination. (37) No Material Default; Payment Record Cole Retail Portfolio (No. 17) The Mortgagor is required to use commercially reasonable efforts to promptly deliver to the related lender a subordination, non-disturbance and attornment agreement subordinating the applicable lease and sublease to the Mortgage Loan and an endorsement to the related title insurance policy. (41) Appraisal Nis Hollow Village (No. 77) Appraisal of the related Mortgaged Property was nine (9) to ten (10) months prior to the origination date.
GS MORTGAGE SECURITIES CORPORATION II,Mortgage Loan Purchase Agreement • June 5th, 2012 • GS Mortgage Securities Trust 2012-Gcj7 • Asset-backed securities • New York
Entity. (No. 33) the Mortgage Loans and (ii) it is obligated to transfer ownership of within a certain period of origination. (37) No Material Default; Payment Record Cole Retail Portfolio (No. 17) The Mortgagor is required to use commercially reasonable efforts to promptly deliver to the related lender a subordination, non-disturbance and attornment agreement subordinating the applicable lease and sublease to the Mortgage Loan and an endorsement to the related title insurance policy. (41) Appraisal Nis Hollow Village (No. 77) Appraisal of the related Mortgaged Property was nine (9) to ten (10) months prior to the origination date.
