FINSIGHT

ARZ Trust

Deals

Class	CCY	SZE(M)	WAL	WALX	MO	SP	FI	DR	KR	C/E	LTV	TYPE	BNCH	GDNC	SPRD	CPN	YLD	PRICE
A	USD	197.100	5.05	-	-	-	AAA	-	AAA	57.15%	27.9%	Fixed	J	135a	135	5.77%	5.806%	99.99299
B	USD	42.500	5.05	-	-	-	AA	-	AA-	47.91%	33.9%	Fixed	J	175a	165	6.07%	6.106%	99.98912
C	USD	43.700	5.05	-	-	-	A-	-	A-	38.41%	40.1%	Fixed	J	205a	195	6.36%	6.406%	99.99100
D	USD	44.400	5.05	-	-	-	BBB-	-	BBB	28.76%	46.4%	Fixed	J	270a	260	7.00%	7.056%	99.99059
E	USD	25.900	5.05	-	-	-	NR	-	BBB-	23.13%	50.1%	Fixed	J	330a	310	7.49%	7.556%	99.99046
F	USD	67.000	5.05	-	-	-	NR	-	BB-	8.57%	59.6%	Fixed	J	410a	390	8.27%	8.356%	99.99218
G	USD	15.700	5.05	-	-	-	NR	-	B+	5.15%	61.8%	Fixed	J	-	445	8.80%	8.906%	99.99085
HRR	USD	23.700	5.05	-	-	-	NR	-	B	-	65.2%	-	-	-	-	-	-	-

More Details

Tranche Comments

A: Registration: 144A/Reg S; B: Registration: 144A/Reg S; C: Registration: 144A/Reg S; D: Registration: 144A/Reg S; E: Registration: 144A/Reg S; F: Registration: 144A/Reg S; G: Registration: 144A/Reg S; HRR: Registration: 144A/Reg S;

Deal Comments

The borrower is a joint venture between Henderson Park Capital Partners and Pyramid Global Hospitality

Collateral

The Mortgage Loan is expected to be secured by the Borrower’s fee interest and leasehold interest in the Arizona Biltmore, a Waldorf Astoria Resort, located in Phoenix, Arizona (the “Arizona Biltmore” or the “Property”). Upon the origination of the Mortgage Loan, the Property will be converted from a Waldorf Astoria Resort to a LXR Hotels & Resorts