BANK 2018-BNK12 Form FWP Filed 2018-05-09

Total Page:16

File Type:pdf, Size:1020Kb

BANK 2018-BNK12 Form FWP Filed 2018-05-09 SECURITIES AND EXCHANGE COMMISSION FORM FWP Filing under Securities Act Rules 163/433 of free writing prospectuses Filing Date: 2018-05-09 SEC Accession No. 0001539497-18-000708 (HTML Version on secdatabase.com) SUBJECT COMPANY BANK 2018-BNK12 Mailing Address Business Address BANK OF AMERICA BANK OF AMERICA CIK:1739423| State of Incorp.:DE | Fiscal Year End: 1231 CORPORATE CENTER CORPORATE CENTER Type: FWP | Act: 34 | File No.: 333-206847-09 | Film No.: 18818284 100 NORTH TRYON STREET 100 NORTH TYRON ST SIC: 6189 Asset-backed securities CHARLOTTE NC 28255 CHARLOTTE NC 28255 7043862400 FILED BY Banc of America Merrill Lynch Commercial Mortgage Inc. Mailing Address Business Address BANK OF AMERICA BANK OF AMERICA CIK:1005007| IRS No.: 561950039 | State of Incorp.:DE | Fiscal Year End: 1231 CORPORATE CENTER CORPORATE CENTER Type: FWP 100 NORTH TRYON STREET 100 NORTH TYRON ST SIC: 6189 Asset-backed securities CHARLOTTE NC 28255 CHARLOTTE NC 28255 7043862400 Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 333-206847-09 BANK 2018-BNK12 Free Writing Prospectus Structural and Collateral Term Sheet $901,169,954 (Approximate Total Mortgage Pool Balance) $763,009,000 (Approximate Offered Certificates) Banc of America Merrill Lynch Commercial Mortgage Inc. as Depositor Wells Fargo Bank, National Association Bank of America, National Association Morgan Stanley Mortgage Capital Holdings LLC National Cooperative Bank, N.A. as Sponsors and Mortgage Loan Sellers Commercial Mortgage Pass-Through Certificates Series 2018-BNK12 May 9, 2018 BofA MERRILL LYNCH WELLS FARGO SECURITIES MORGAN STANLEY Co-Lead Manager and Joint Co-Lead Manager and Joint Co-Lead Manager and Joint Bookrunner Bookrunner Bookrunner Drexel Hamilton Co-Manager STATEMENT REGARDING THIS FREE WRITING PROSPECTUS 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. Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Alternatively, the depositor or any underwriter or any 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 [email protected]. This is not a research report and was not prepared by any Underwriter’s research department. It was prepared by the Underwriters’ sales, trading, banking or other non-research personnel. Please see additional important information and qualifications at the end of this Term Sheet. Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document BANK 2018-BNK12 Neither this Term Sheet nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. This Term Sheet is subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the Preliminary Prospectus. The information contained herein supersedes any such information previously delivered. The information contained herein should be reviewed only in conjunction with the entire Preliminary Prospectus. All of the information contained herein is subject to the same limitations and qualifications contained in the Preliminary Prospectus. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described in the Preliminary Prospectus. The information contained herein will be more fully described in the Preliminary Prospectus. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Preliminary Prospectus in its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this Term Sheet is truthful or complete. Any representation to the contrary is a criminal offense. IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this Term Sheet may have been attached are not applicable to this Term Sheet and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this Term Sheet having been sent via Bloomberg or another email system. IMPORTANT NOTICE REGARDING THE CONDITIONS FOR THIS OFFERING OF ASSET-BACKED SECURITIES THE ASSET-BACKED SECURITIES REFERRED TO IN THIS TERM SHEET ARE BEING OFFERED WHEN, AS AND IF ISSUED. IN PARTICULAR, YOU ARE ADVISED THAT THE ASSET-BACKED SECURITIES, AND THE ASSET POOL 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 THIS TERM SHEET. OUR OBLIGATION TO SELL SECURITIES TO YOU IS CONDITIONED ON THE SECURITIES AND THE UNDERLYING TRANSACTION HAVING THE CHARACTERISTICS DESCRIBED IN THIS TERM SHEET. IF WE DETERMINE THAT THE FOREGOING 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. This is not a research report and was not prepared by the Underwriters’ research departments. Please see additional important information and qualifications at the end of this Term Sheet. T-2 Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document BANK 2018-BNK12 Structural Overview Offered Certificates Approximate Pass- Expected Expected Certificate Certificate Initial Certificate Approximate Expected Ratings Through Weighted Principal Principal UW Principal Class Balance or Initial Credit (Fitch/S&P/KBRA)(1) Rate Average Life Window NOI Debt to Value Notional Support(3) Description (Years)(4) (Months)(4) Yield(5) Ratio(6) Amount(2) Class A-1 AAAsf/AAA(sf)/AAA(sf) $33,530,000 30.000% (7) 2.54 1 – 58 20.9% 34.9% Class A-2 AAAsf/AAA(sf)/AAA(sf) $76,220,000 30.000% (7) 4.95 58 – 60 20.9% 34.9% Class A-SB AAAsf/AAA(sf)/AAA(sf) $36,500,000 30.000% (7) 7.42 60 – 116 20.9% 34.9% Class A-3 AAAsf/AAA(sf)/AAA(sf) (8) 30.000% (7) (8) (8) 20.9% 34.9% Class A-4 AAAsf/AAA(sf)/AAA(sf) (8) 30.000% (7) (8) (8) 20.9% 34.9% AAAsf/AAA(sf)/AAA(sf) Variable Class X-A $599,278,000(9) N/A IO(10) N/A N/A N/A N/A AA-sf/AA(sf)/AAA(sf) Variable Class X-B $123,066,000(9) N/A IO(10) N/A N/A N/A N/A Class A-S AAAsf/AAA(sf)/AAA(sf) $83,470,000 20.250% (7) 9.96 120 – 120 18.3% 39.7% Class B AA-sf/AA(sf)/AA+(sf) $39,596,000 15.625% (7) 9.96 120 – 120 17.3% 42.0% Class C A-sf/A-(sf)/A(sf) $40,665,000 10.875% (7) 9.96 120 – 120 16.4% 44.4% Privately Offered Certificates(11) Approximate Initial Pass- Expected Expected Certificate Certificate Approximate Expected Ratings Certificate Through Weighted Principal Principal UW Principal Class Initial Credit (Fitch/S&P/KBRA)(1) Balance or Rate Average Life Window NOI Debt to Value Support(3) Notional Description (Years)(4) (Months)(4) Yield(5) Ratio(6) Amount(2) Class X-D BBB-sf/NR/BBB-(sf) $37,455,000(9) N/A (10) N/A N/A N/A N/A Class X-E BB-sf/NR/BB-(sf) $22,473,000(9) N/A (10) N/A N/A N/A N/A Class X-F B-sf/NR/B(sf) $8,561,000(9) N/A (10) N/A N/A N/A N/A Class X-G NR/NR/NR $24,613,456(9) N/A (10) N/A N/A N/A N/A Class D BBB-sf/NR/BBB-(sf) $37,455,000 6.500% (7) 9.96 120 – 120 15.6% 46.6% Class E BB-sf/NR/BB-(sf) $22,473,000 3.875% (7) 9.96 120 – 120 15.2% 47.9% Class F B-sf/NR/B(sf) $8,561,000 2.875% (7) 9.96 120 – 120 15.1% 48.4% (7) Class G NR/NR/NR $24,613,456 0.000% 9.96 120 – 120 14.6% 49.8% Non-Offered Eligible Vertical Interest(11) Approximate Pass- Expected Expected Certificate Certificate Approximate Expected Ratings Initial Through Weighted Principal Principal UW Principal Class Initial Credit (Fitch/S&P/KBRA)(1) Certificate Rate Average Life Window NOI Debt to Value Support(3) Balance or Description (Years)(4) (Months)(4) Yield Ratio Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Notional Amount(2) RR Interest NR/NR/NR $45,058,497.70 N/A (12) 9.05 1 – 120 N/A N/A Ratings shown are those of Fitch Ratings, Inc.
Recommended publications
  • Agenda Item 3
    AGENDA ITEM 3 City of Bell Agenda Report DATE: March 28, 2018 TO: Mayor and Members of the City Council FROM: Allan Perdomo, Community Services Director APPROVED BY: ________________________________________ Howard Brown Jr., City Manager SUBJECT: Discuss the option of re-establishing the Community Services Commission RECOMMENDATION: It is recommended that the City Council discuss the option to re-establish the Community Services Commission (“Commission”). BACKGROUND It was requested by Mayor Gallardo for staff to search for ways on how the City can engage the youth to participate in the development of City events and, more importantly, to involve the youth in the policy decision making process that may affect them and their community. Since the City’s Commission is currently inactive, it is recommended that the Council consider re- establishing the Commission. Per Bell Municipal Code, the Commission requires that three out of the nine members be youth members in high school and in good academic standing. Each member of the Commission is given a term of four years. The objective of the Commission is to act as an advisory body to the City Council and perform the following duties: A. To make recommendations to the Council in all matters pertaining to parks, activities and public recreation, including playgrounds, parks, stables, bridle trails and beautification; B. Assist in the development of recreation in the City, stimulate public interest in recreational programs and cooperate with schools located in the City for summer recreation and swimming pool programs and all other agencies relating to securing and developing an adequate recreational program; C.
    [Show full text]
  • DOWNEY Landing
    D E C E M B E R 2 0 1 1 DOWNEY LANDING Amended Specific Plan PREPARED BY: City of Downey 11111 Brookshire Avenue Downey, California 90241 562.904.7154 Table of Contents SECTION ONE: Introduction A. Preface 7 B. Purpose of the Specific Plan 8 C. Project Location 8 D. Site History 8 E. Project Characteristics and Opportunities 10 F. Authority for the Specific Plan 11 G. Relationship to the General Plan 11 H. Planning and Related Documents 12 Amended Downey Landing Specific Plan 12 Environmental Impact Report (EIR) 12 Development Agreements 13 SECTION TWO: Summary of Existing Site Conditions and Issues A. Existing Conditions 17 History and Conditions at the Time of the Original Plan 17 At the Time of the Amended Specific Plan 18 B. Context 18 Surrounding Land Uses at Time of Original Plan 18 Surrounding Land Uses at Time of Amended Plan 18 Existing Transportation Network 19 C. Issues at the Time of Original Plan Adoption 19 Retention of Existing Structures vs. Maintaining Flexibility in Changing Markets 20 General Plan and Zoning Consistency 20 Traffic and Circulation Impact 21 Environmental Conditions and Compatibility with Adjacent Land Uses 21 SECTION THREE: Vision, Guiding Principles, Goals and Strategies A. Vision 25 B. Guiding Principles 26 C. Goals 27 D. Strategies 28 Economic Vitality 28 Design 28 Preservation 29 Regulatory 29 Infrastructure 29 TA ble O F con T en T S 1 SECTION FOUR: Development Plans A. Overview 32 B. Land Use 32 Districts 32 Land Use Summary 37 Land Use Plan 38 C. Open Space 48 D.
    [Show full text]
  • FY2021-2027 Regional Transportation Improvement Program
    FY2021-2027 Regional Transportation Improvement Program Report No. 01-2021 Adopted by the COMPASS Board of Directors on October 19, 2020 Resolution No. 03-2021 The completion of this document was financed by U.S. Department of Transportation (DOT) funds through the Idaho Transportation Department and contributions from member agencies within Ada and Canyon Counties. T:\FY21\600 Projects\685 TIP\FY2127TIP\Reports\Doc\FY2021TIPrpt.docx Table of Contents IN A NUTSHELL .............................................................................................. 1 INTRODUCTION ............................................................................................. 2 I.INFLATION FACTORS .................................................................................... 5 II.PUBLIC OUTREACH EFFORTS ........................................................................ 6 III.PROJECT SELECTION ............................................................................... 10 IV.CONGESTION MANAGEMENT PROCESS ....................................................... 11 V.TIP ACHIEVEMENT .................................................................................... 22 VI.AIR QUALITY CONFORMITY ....................................................................... 45 VII.REGIONALLY SIGNIFICANT PROJECTS ....................................................... 46 VIII.LOCAL PLANNING ACTIVITIES ................................................................. 46 IX.FINANCIAL CONSTRAINT .........................................................................
    [Show full text]
  • WARN Report Summary by Received Date 07/01/2019 - 06/30/2020 State Fiscal Year No
    WARN Report Summary by Received Date 07/01/2019 - 06/30/2020 State Fiscal Year No. Of Notice Date Effective Date Received Date Company City County Employees Layoff/Closure 06/10/2020 06/09/2020 06/30/2020 Harbor Bay Club, Inc Alameda Alameda County 80 Layoff Temporary 03/20/2020 03/20/2020 06/30/2020 MD2 Industries, LLC Long Beach Los Angeles County 109 Closure Temporary 06/30/2020 08/21/2020 06/30/2020 NBCUniversal Media, LLC - Digital Lab Unit Universal City Los Angeles County 28 Layoff Temporary 04/22/2020 06/22/2020 06/30/2020 House of Blues Anaheim Anaheim Orange County 8 Closure Temporary 06/29/2020 08/01/2020 06/30/2020 ADESA California, LLC dba ADESA/AFC Los Mira Loma Riverside County 71 Layoff Permanent Angeles 06/17/2020 06/17/2020 06/30/2020 K&N Engineering, Inc. Riverside Riverside County 44 Layoff Permanent 06/29/2020 07/28/2020 06/30/2020 Benchmark Arrowhead, LLC dba Lake Lake Arrowhead San Bernardino County 114 Layoff Permanent Arrowhead Resort and Spa 06/18/2020 07/06/2020 06/30/2020 HOWMET Aerospace Fontana San Bernardino County 75 Layoff Temporary 06/18/2020 06/16/2020 06/30/2020 Bahia Resort Hotel San Diego San Diego County 47 Layoff Permanent 06/18/2020 06/16/2020 06/30/2020 Catamaran Resort Hotel and Spa San Diego San Diego County 46 Layoff Permanent 06/18/2020 06/16/2020 06/30/2020 The Lodge Torrey Pines La Jolla San Diego County 84 Layoff Permanent 06/18/2020 06/18/2020 06/30/2020 Bahia Resort Hotel San Diego San Diego County 33 Layoff Temporary 06/18/2020 06/18/2020 06/30/2020 Catamaran Resort Hotel and Spa San Diego San Diego County 33 Layoff Temporary 06/18/2020 06/18/2020 06/30/2020 The Lodge Torrey Pines La Jolla San Diego County 37 Layoff Temporary 06/08/2020 03/30/2020 06/30/2020 SmartCareMD Escondido San Diego County 38 Layoff Permanent 06/29/2020 08/31/2020 06/30/2020 Stryker Employment Company Menlo Park San Mateo County 33 Layoff Permanent 06/29/2020 08/29/2020 06/30/2020 Nitto, Inc.
    [Show full text]
  • DOWNEY LANDING Retail for Lease SEC Lakewood Blvd
    DOWNEY LANDING Retail For Lease SEC Lakewood Blvd. & Stewart and Gray Rd. Downey, CA 90242 AVAILABLE FOR LEASE ±1,119 SF SHOP OPPORTUNITY Description: • Strong national and regional tenant mix, including anchors LA Fitness, Best Buy, Marshalls, Ross, Bed Bath & Beyond, Staples and many more. • 370,000 square foot power center with 5 major ingress/egress points off Lakewood Boulevard, Bellflower Boulevard and Stewart and Gray Road. • Tenants in the project benefit from close proximity to Interstate 5, 105 and 605 as well as regional draw of anchor tenants. • Downey Landing is adjacent to the recently completed 58-acre Promenade at Downey Shopping Center anchored by Walmart, Cinemark, TJ Maxx, Ulta, 24 Hour Fitness in addition to office and Stonewood residential. Stewart and GrayDowney Rd Regional Shopping Center Medical Center Firestone Blvd Traffic Count: • 31,500 Average Daily Traffic on Lakewood Boulevard SITE • 23,551 Average Daily Traffic on Stewart and Gray Road • 18,175 Average Daily Traffic on Bellflower Boulevard The Promenade at Downey 605 Demographics: Lakewood Blvd 1 MILE 3 MILES 5 MILES Imperial Highway Population ‘17 30,056 282,107 788,572 Average Income $66,639 $71,889 $66,739 105 Daytime Population 23,248 82,333 255,991 Source: ESRI For further information, please contact our exclusive agents: CHRIS WALTON Senior Managing Director 949.608.2096 [email protected] CA RE License #01839264 JOHN JENNINGS Senior Managing Director 858.875.5927 [email protected] CA RE License #01215740 4675 MacArthur Blvd., Suite 1600, Newport Beach, CA 92660 T 949.608.2000 Corporate CA RE License #1355491 www.ngkf.com DOWNEY LANDING | Retail For Lease SEC Lakewood Blvd.
    [Show full text]
  • Gill Raker Gazette
    January 2009 Volume 27, Issue 1 Gill Raker Gazette The Newsletter of the Idaho Chapter of the American Fisheries Society 2009 Annual Meeting Edition President’s Message (The Cost and the Carbon) By Jim Fredericks, ICAFS President Greetings, chapter members! I’m happy to report the annual meeting is shaping up very well. Once again we’ve got a lot of great presentations lined up. We had a record number of submissions last year (47) and this year it’s even higher with 50 contributed oral presentations and 18 posters. That’s a real credit to our membership!! Not only is meeting attendance on the rise, but active contribution through oral and poster presentations is up as well. The Anadromous Committee has put together a great plenary session entitled Hatchery Supplementation for Fishery Conservation: Diverse Policies and Applications. They’ve got an excellent panel lined up to cover policy and management issues, and an afternoon of contributed papers describing relevant case studies and examples. Those of you who’ve visited the website recently know that it’s Inside this Issue continually being modified to better serve our membership. Annual meeting Information 3 We’ve recently added a link to an “Annual Meeting” page, Registration 4 complete with on-line registration. Last year, despite a few Hotel Info/ Reservations 5 minor glitches, the on-line registration was a huge success. Workshops 6 The bugs should be worked out for this year, so I think you’ll Meeting Activities 7 find it quick and painless. Draft Agenda 8-13 Announcements 14-15 If you’ve checked the website, you might notice that 2009 Officer Nominations 16-18 registration fee is higher.
    [Show full text]
  • What Is Communities in Motion?
    1 What is Communities in Motion? 2 3 Communities in Motion is the regional long-range transportation plan for Ada County and Canyon 4 County. With the support of the Idaho Transportation Department (ITD), it also considers regional 5 transportation corridors in Boise, Elmore, Gem, and Payette Counties. The plan supports a vision, 6 goals, a new transportation/land use scenario, and a commitment to enhancing regional corridors. 7 8 The major reason for Communities in Motion is to promote a future transportation system that supports 9 the type of community we want, identifies funding needs, and protects corridors. In addition the 10 federal government requires that COMPASS, as the metropolitan planning organization (MPO) for 11 the urbanized areas in Ada County and Canyon County, prepare a regional long-range transportation 12 plan to enable federal funding for roads, transit and pathways in our region. This plan needs to be 13 updated at least every four years. 14 15 COMPASS began the planning process in late 2003. In early 2004, in an effort to plan transportation 16 systems that meet the needs of the growing communities in the Treasure Valley, COMPASS 17 partnered with ITD to expand the planning area to include Boise, Elmore, Gem, and Payette 18 Counties – in addition to Ada County and Canyon County. The partnership between COMPASS, its 19 members, local governments in the region, and ITD was an innovative approach that evaluated 20 various transportation modes and policies for maintenance, improvements, and development. This 21 process enabled true regional planning in Southwest Idaho. 22 23 Communities in Motion Vision and Goals 24 We envision a Treasure Valley where quality of life is enhanced and communities are connected by an 25 innovative, effective, multi-modal transportation system.
    [Show full text]
  • CSAIL 2021-C20 Commercial Mortgage Trust Form FWP Filed
    SECURITIES AND EXCHANGE COMMISSION FORM FWP Filing under Securities Act Rules 163/433 of free writing prospectuses Filing Date: 2021-03-15 SEC Accession No. 0001539497-21-000341 (HTML Version on secdatabase.com) SUBJECT COMPANY CSAIL 2021-C20 Commercial Mortgage Trust Mailing Address Business Address ELEVEN MADISON AVENUE ELEVEN MADISON AVENUE CIK:1832873| IRS No.: 000000000 | Fiscal Year End: 1231 NEW YORK NY 10010 NEW YORK NY 10010 Type: FWP | Act: 34 | File No.: 333-227081-06 | Film No.: 21741297 212-538-1807 SIC: 6189 Asset-backed securities FILED BY Credit Suisse Commercial Mortgage Securities Corp. Mailing Address Business Address ELEVEN MADISON AVENUE ELEVEN MADISON AVENUE CIK:1654060| IRS No.: 475115713 | State of Incorp.:DE | Fiscal Year End: 1231 NEW YORK NY 10010 NEW YORK NY 10010 Type: FWP 212-538-1807 SIC: 6189 Asset-backed securities Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document FREE WRITING PROSPECTUS FILED PURSUANT TO RULE 433 REGISTRATION FILE NO.: 333-227081-06 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document March 10, 2021 CSAIL 2021-C20 Commercial Mortgage Trust Free Writing Prospectus Collateral Term Sheet Credit Suisse Commercial Mortgage Securities Corp. as Depositor Commercial Mortgage Pass-Through Certificates Series 2021-C20 3650 REIT Column Financial, Inc. UBS AG German American Capital Corporation as Sponsors and Mortgage Loan Sellers Credit Suisse Deutsche Bank Securities UBS Securities LLC Co-Lead Managers and Joint Bookrunners Academy Securities Co-Manager THE DEPOSITOR HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SEC (SEC FILE NO.
    [Show full text]
  • Interstate 405 (Sepulveda Pass) Expresslanes Intermediate (Level II) Traffic & Revenue Study
    Los Angeles County Metropolitan Transportation Authority I-405 Level 2 Traffic & Revenue Study Interstate 405 (Sepulveda Pass) ExpressLanes Intermediate (Level II) Traffic & Revenue Study FINAL REPORT April 15, 2019 Interstate 405 (Sepulveda Pass) ExpressLanes Intermediate (Level II) Traffic & Revenue Study Contract No. AE275020011497 WSP Project No. 28078B Prepared for: Prepared by: In Partnership with: ECONorthwest System Metrics Group, Inc. AFSHA Consulting, Inc. Redhill Group, Inc. Document Control Version Date Initials Originator 11/3/2017 KT/SP/MW Checker 11/5/2017 DW Back Checker 11/16/2017 BB Verified By 11/17/2017 DW Revision Log Revision Date Description Submitted by 0 11/17/2017 Draft T&R Report submitted to Metro DW 1 01/19/2018 Revised T&R Report in response to comments KT/SP/MW/BB 2 01/23/2018 Draft Final T&R Report with Executive Summary DH/MW 3 01/24/2018 Draft Final T&R Report with Executive Summary to Document DW Editor 4 01/26/2018 Draft Final T&R Report with Executive Summary to Metro DW 5 03/16/2018 Final T&R Report DW 6 04/15/2019 Updated Executive Summary (Metro) AT/LT I-405 Level 2 Traffic & Revenue Study Table of Contents 1.0 EXECUTIVE SUMMARY ............................................................ ES-Error! Bookmark not defined. 1.1 Overview ........................................................................ES-Error! Bookmark not defined. 1.2 Methodology of T&R Study ...........................................ES-Error! Bookmark not defined. 1.3 Stated Preference Survey ...............................................ES-Error! Bookmark not defined. 1.3.1 Community Opinions ................................................................................... ES-3 1.3.2 Level of Service.............................................................................................. ES-5 1.3.3 Person Throughput ......................................................................................
    [Show full text]
  • DOWNEY, CA DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard INVESTMENT ADVISORS
    SOUTHERN CALIFORNIA'S PREMIER SALES TEAM A 20,200 SQUARE FOOT FREESTANDING RETAIL BUILDING AVAILABLE FOR PURCHASE SIGNIFICANTLY BELOW REPLACEMENT COSTS IDEALLY SITUATED ON APPROXIMATELY ONE ACRE OF LAND IN A DENSE URBAN INFILL LOCATION ALONG A HIGH TRAFFIC RETAIL THOROUGHFARE IN DOWNEY, CA DOWNEY, CA 90241 CA DOWNEY, Firestone Boulevard INVESTMENT ADVISORS BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Vaughn Brown Tel: (818) 212-2794 Ben Brownstein Fax: (818) 212-2710 Nicole Cottrell [email protected] Andrew Leff License: CA #01434685 Matthew Norona www.BrandonMichaelsGroup.com Steven Schechter Austin Sreden BRANDON MICHAELS 16830 Ventura Blvd. Suite 100, Encino, CA 91436 GROUP www.marcusmillichap.com SOUTHERN CALIFORNIA'S PREMIER SALES TEAM CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance INVESTMENT ADVISORS with State and Federal regulations, the physical condition of the improvements thereon, or the financial con- dition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
    [Show full text]
  • Seasons at Turlock/Boise
    Seasons at Turlock Boise Portfolio Consolidated Returns California and Idaho Seven (7) Year Results for Years 2011 Through 2017 2011 2012 2013 2014 2015 2016 2017* Occupancy 89.30% 92.20% 93.70% 93.60% 90.70% 92.10% 92.80% Revenues 7,250,831 7,445,264 7,565,983 7,792,242 7,718,595 8,277,751 8,752,788 Operating Expenses 4,795,126 5,198,182 5,481,489 5,547,126 5,770,873 6,128,715 6,419,991 Net Operating Income 2,455,705 2,247,082 2,084,494 2,245,116 1,947,722 2,149,036 2,342,797 Debt Service 1,453,220 1,450,220 1,453,220 1,125,445 1,048,594 1,048,594 1,010,391 Cash Flow 1,002,485 796,862 631,274 1,119,671 899,128 1,100,442 1,332,406 Equity Invested 1,464,332 1,464,332 1,464,332 1,464,332 1,464,332 1,464,332 1,464,332 Cash on Cash 68.46% 54.42% 43.11% 76.46% 61.40% 75.15% 90.99% *Annualized easons at Turlock/Boise is a two-property/two-city portfolio of process and restructure the defaulted mortgage. Kodiak S Assisted Living Memory Care projects in Turlock, California and simultaneously co-invested and raised an additional $1.5MM of Boise, Idaho. The acquisition of the Seasons portfolio was syndicated new equity to satisfy delinquent mortgage payments, legal fees to TIC investors by Evergreen Realty Group on January 23, 2007.
    [Show full text]
  • South Corridor Plan Appendices
    APPENDIX A: Idaho 55 South Corridor Turn Lane Warrant Study Appendix A | Idaho 55 South Corridor Plan Turn Lane Warrant Study APPENDIX A: Idaho 55 South Corridor Turn Lane Warrant Study In summer 2011, Idaho Transportation Department (ITD) District 3 Traffic Section staff collected intersection data for six intersections on Idaho 55 between Nampa and Marsing. The cross streets from west to east were: Pride Lane, Chicken Dinner Road, Pecan Lane, Wagner Road, Riverside Road and Kimball Road. In fall 2013, additional data was collected at the Hoskins Road intersection. ITD Traffic Manual Section 451.00 was used to determine if turn bays were warranted at the seven intersections studied. The criteria called for design hourly volume to be used. Instead, collected data was used instead of the design hourly volume because the design hourly volume is an estimate and the actual count data is a better representation. Also, Section 451.00 is intended to be used for turn lanes for new approaches; the intersections studied are existing approaches. Two graphs were constructed for each intersection: one for each left turn and one for each right turn. In each graph, a line or point that crosses the determination line indicates that a turn lane is warranted. Idaho 55 and Hoskins Road (3-leg T-intersection, no east leg): Hoskins Road: Left-Turn Lane Warrant 450 400 350 300 250 200 150 100 Number of Vehicles of per Number Hour Vehicles 50 0 0 5 10 15 20 25 30 Number of Left Turning Vehicles Eastbound Determination Line A left-turn bay is warranted for the northbound travel lane.
    [Show full text]