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.
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • September 30th, 2013 • Citigroup Commercial Mortgage Trust 2013-Gc15 • 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., PURCHASER and GOLDMAN SACHS MORTGAGE COMPANY, 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 (16) Insurance NorthSteppe Realty 1 (No. 23); NorthSteppe Realty 2 (No. 95) 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 ratings of at least “A” by S&P and “A2” by Moody’s, if Moody’s rates such insurer (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 all such insurers shall have ratings of not less than “BBB+” by S&P and “Baa1” by Moody’s, if Moody’s rates such insurer). In addition, the Mortgagor may utilize Westfield Insurance Company, which currently has a claims paying ability rating of “Api” by S&P and “A XIV” by A.M. Best, as the provider of insurance, provided, if the credit rating of Westfield Insurance Company f
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC., PURCHASER and RAIT FUNDING, LLC, 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 (13) Actions Concerning Mortgage Loan Main Street at Conyers (No. 40) The non-recourse carve-out guarantor, Internacional Realty Management, LLC (“IRM”) is named as a defendant in two pending actions arising out of its role as property manager: 1. IRA River Park West 1, LLC v. Internacional Realty, Inc., et al: An investor in a multifamily property managed by IRM alleges breach of contract, conversion, fraud and negligent misrepresentation in connection with the disposition of the property. IRM, one of several affiliated defendants in the action, acted only as the property manager for this property and holds no ownership in the asset. The plaintiff is seeking approximately $1 million in damages from the combined defendants. According to defense counsel, the case is in the early stages of pleading and the outcome is uncertain. 2. Maria Araceli Torres, individually and on behalf of Jose Rosalio “Miguel” Mendoza Vasquez v. Candor Const
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.,Mortgage Loan Purchase Agreement • September 30th, 2013 • Citigroup Commercial Mortgage Trust 2013-Gc15 • Asset-backed securities • New York
Representation Mortgage Loan Description of Exception (25) Licenses and Permits 735 Sixth Avenue (No. 6) A temporary certificate of occupancy (the “TCO”) has been issued with respect to the entire building (of which the Mortgaged Property consists of the commercial condominium unit in the building). The Mortgage Loan documents require the borrower to (i) use commercially reasonable efforts to cause the sponsor of the condominium to maintain the TCO and to cause the TCO to be continuously renewed at all times until a new, permanent certificate of occupancy is obtained for the condominium building (the “New PCO”), (ii) diligently and in good faith pursue completion of all of the conditions required under applicable legal requirements including, without limitation, causing any violations and any outstanding items with respect to the Mortgaged Property to be completed and/or removed of record, for the issuance of the New PCO, and (iii) cause to be delivered to the lender copies of each upd
CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC. CITIGROUP COMMERCIAL MORTGAGE TRUST 2013-GC15 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2013- GC15 Underwriting AgreementUnderwriting Agreement • September 30th, 2013 • Citigroup Commercial Mortgage Trust 2013-Gc15 • Asset-backed securities
Citigroup Global Markets Inc. 388 Greenwich Street New York, New York 10013 Drexel Hamilton, LLC 77 Water Street New York, New York 10005 Goldman, Sachs & Co. 200 West Street New York, New York 10282 RBS Securities Inc. 600 Washington Blvd. Stamford, Connecticut 06901
