# EDGAR Filing Document

**Accession Number:** 0001541480
**File Stem:** 0001213900-25-105924
**Filing Date:** 2025-11
**Character Count:** 17154
**Document Hash:** e730d430cbe10fd3f24e72ab6e96fa80
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-105924.hdr.sgml**: 20251104

**ACCESSION NUMBER**: 0001213900-25-105924

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**ITEM INFORMATION**: Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure

**FILED AS OF DATE**: 20251104

**DATE AS OF CHANGE**: 20251104

**ABS RULE**: RULE-15GA1

**PERIOD START**: 20250701

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barclays Commercial Mortgage Securities LLC
- **CENTRAL INDEX KEY:** 0001541480
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 270108800

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00993
- **FILM NUMBER:** 251447891

**BUSINESS ADDRESS:**
- **STREET 1:** 745 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-412-4000

**MAIL ADDRESS:**
- **STREET 1:** 745 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

☒ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period July 1, 2025 – September 30, 2025.

**Date of Report (Date of earliest event reported): November 14, 2025**

**BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC**

(Exact name of securitizer as specified in its charter)

---

| | |
|:---|:---|
| **025-00993**<br> **(Commission File Number of Securitizer)** | **0001541480**<br> **(Central Index Key Number of Securitizer)** |

---

Mark Koontz, (212) 526-7000

____________________________________________________________________

Name and telephone number, including area code, of the person to

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☐ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: __________________________

________________________________________________

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): ______________

Central Index Key Number of underwriter (if applicable): ________________

________________________________________________

Name and telephone number, including area code, of the person to contact in connection with this filing

**REPRESENTATION AND WARRANTY INFORMATION**

**Item 1.02 Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure**<sup>(1)</sup>

The disclosures required by Rule 15Ga-1 (17 CFR 240.15Ga-1) are attached as Rule 15Ga-1 Exhibit 99.1 to this Form ABS-15G.

Exhibits

99.1 [Disclosures required by Rule 15Ga-1.](ea026394001_ex99-1.htm)

<sup>(1)</sup> In connection with the preparation of this filing, we undertook the following steps to gather the information required by this Form ABS-15G and Rule 15Ga-1: (i) identifying all asset-backed securities transactions in which we acted as a securitizer that were not the subject of a filing on Form ABS-15G by an affiliated securitizer, (ii) performing a diligent search of our records and the records of affiliates that acted as securitizers in our transactions for all relevant information, (iii) reviewing appropriate documentation from all relevant transactions to determine the parties responsible for enforcing representations and warranties, and other parties who might have received repurchase requests (such parties, "Demand Entities") and (iv) making written request of, or entering into a written agreement with, each Demand Entity to provide any information in its possession regarding requests or demands to repurchase any loans for a breach of a representation or warranty with respect to any relevant transaction. We followed up written requests made of Demand Entities as we deemed appropriate.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 4, 2025

---

| | |
|:---|:---|
| **BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC** | **BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC** |
| (Securitizer) | (Securitizer) |
| By: | /s/ Daniel Schmidt |
|  | Name: Daniel Schmidt |
|  | Title: Authorized Signatory |

---

**EXHIBIT INDEX**

<u>Exhibit Number</u>

99.1 [Disclosures required by Rule 15Ga-1.](ea026394001_ex99-1.htm)

## Exhibit 99.1

**Exhibit 99.1 Disclosures Required by Rule 15Ga-1**<sup>1,2</sup>

---

| | | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Name of Issuing Entity** | &nbsp;&nbsp;**Check if<br> Registered** | &nbsp;&nbsp;**Name of Originator** | &nbsp;&nbsp;**Total Assets in ABS by Originator** | &nbsp;&nbsp;**Total Assets in ABS by Originator** | &nbsp;&nbsp;**Total Assets in ABS by Originator** | &nbsp;&nbsp;**Assets That Were Subject of Demand** | &nbsp;&nbsp;**Assets That Were Subject of Demand** | &nbsp;&nbsp;**Assets That Were Subject of Demand** | &nbsp;&nbsp;**Assets That Were Repurchased or <br> Replaced** | &nbsp;&nbsp;**Assets That Were Repurchased or <br> Replaced** | &nbsp;&nbsp;**Assets That Were Repurchased or <br> Replaced** | &nbsp;&nbsp;**Assets Pending Repurchase or<br> Replacement (within cure period)** | &nbsp;&nbsp;**Assets Pending Repurchase or<br> Replacement (within cure period)** | &nbsp;&nbsp;**Assets Pending Repurchase or<br> Replacement (within cure period)** | &nbsp;&nbsp;**Demand in Dispute** | &nbsp;&nbsp;**Demand in Dispute** | &nbsp;&nbsp;**Demand in Dispute** | &nbsp;&nbsp;**Demand Withdrawn** | &nbsp;&nbsp;**Demand Withdrawn** | &nbsp;&nbsp;**Demand Withdrawn** | &nbsp;&nbsp;**Demand Rejected** | &nbsp;&nbsp;**Demand Rejected** | &nbsp;&nbsp;**Demand Rejected** |
| &nbsp;&nbsp;**Asset Class: Commercial Mortgage Loans** |  |  | &nbsp;&nbsp;(#) | &nbsp;&nbsp;($) | &nbsp;&nbsp;(% of <br> principal <br> balance) | &nbsp;&nbsp;(#) | &nbsp;&nbsp;($) | &nbsp;&nbsp;(% of <br> principal <br> balance) | &nbsp;&nbsp;(#) | &nbsp;&nbsp;($) | &nbsp;&nbsp;(% of <br> principal <br> balance) | &nbsp;&nbsp;(#) | &nbsp;&nbsp;($) | &nbsp;&nbsp;(% of <br> principal <br> balance) | &nbsp;&nbsp;(#) | &nbsp;&nbsp;($) | &nbsp;&nbsp;(% of <br> principal <br> balance) | &nbsp;&nbsp;(#) | &nbsp;&nbsp;($) | &nbsp;&nbsp;(% of <br> principal <br> balance) | &nbsp;&nbsp;(#) | &nbsp;&nbsp;($) | &nbsp;&nbsp;(% of <br> principal <br> balance) |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Barclays Capital Real Estate Inc. | &nbsp;&nbsp;5<sup>3</sup> | &nbsp;&nbsp;$161837764 | &nbsp;&nbsp;19.1% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Societe Generale Financial Corporation | &nbsp;&nbsp;9<sup>3</sup> | &nbsp;&nbsp;$155327109 | &nbsp;&nbsp;18.3% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;LMF Commercial, LLC | &nbsp;&nbsp;7 | &nbsp;&nbsp;$68402066 | &nbsp;&nbsp;8.1% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Deutsche Bank AG, New York Branch | &nbsp;&nbsp;1 | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;7.7% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Goldman Sachs Bank USA | &nbsp;&nbsp;1 | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;7.7% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Argentic Real Estate Finance 2 LLC | &nbsp;&nbsp;3 | &nbsp;&nbsp;$63650000 | &nbsp;&nbsp;7.5% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Starwood Mortgage Capital LLC | &nbsp;&nbsp;2 | &nbsp;&nbsp;$60950000 | &nbsp;&nbsp;7.2% | &nbsp;&nbsp;1 | &nbsp;&nbsp;$54500000<sup>4</sup> | &nbsp;&nbsp;6.4%<sup>5</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;1 | &nbsp;&nbsp;$54500000<sup>6</sup> | &nbsp;&nbsp;6.4%<sup>7</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Argentic Real Estate Finance LLC | &nbsp;&nbsp;1 | &nbsp;&nbsp;$48000000 | &nbsp;&nbsp;5.7% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Bank of Montreal | &nbsp;&nbsp;3<sup>3</sup> | &nbsp;&nbsp;$46900000 | &nbsp;&nbsp;5.5% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;KeyBank National Association | &nbsp;&nbsp;3 | &nbsp;&nbsp;$31100000 | &nbsp;&nbsp;3.7% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;German American Capital Corporation | &nbsp;&nbsp;1 | &nbsp;&nbsp;$30000000 | &nbsp;&nbsp;3.5% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;Arbor Private Label, LLC | &nbsp;&nbsp;1 | &nbsp;&nbsp;$28192000 | &nbsp;&nbsp;3.3% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;BBCMS Mortgage Trust 2023-C19<br> CIK: 0001966434 | &nbsp;&nbsp;X | &nbsp;&nbsp;DBR Investments Co. Limited | &nbsp;&nbsp;1<sup>3</sup> | &nbsp;&nbsp;$25000000 | &nbsp;&nbsp;2.9% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;**BBCMS Mortgage Trust 2023-C19 Totals** |  |  | &nbsp;&nbsp;36 | &nbsp;&nbsp;$849358939 | &nbsp;&nbsp;100% | &nbsp;&nbsp;1 | &nbsp;&nbsp;$54500000 | &nbsp;&nbsp;6.4% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;1 | &nbsp;&nbsp;$54500000 | &nbsp;&nbsp;6.4% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;$- | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;**Commercial Mortgage Loan Totals** |  |  | &nbsp;&nbsp;**36** | &nbsp;&nbsp;**$849358939** |  | &nbsp;&nbsp;**1** | &nbsp;&nbsp;**$54500000** |  | &nbsp;&nbsp;**0** | &nbsp;&nbsp;**$-** |  | &nbsp;&nbsp;**1** | &nbsp;&nbsp;**$54500000** |  | &nbsp;&nbsp;**0** | &nbsp;&nbsp;**$-** |  | &nbsp;&nbsp;**0** | &nbsp;&nbsp;**$-** |  | &nbsp;&nbsp;**0** | &nbsp;&nbsp;**$-** |  |

---

<sup>1</sup> In connection with the preparation of this filing, we undertook the following steps to gather the information required by this Form ABS-15G and Rule 15Ga-1: (i) identifying all asset-backed securities transactions in which we acted as a securitizer that were not the subject of a filing on Form ABS-15G by an affiliated securitizer, (ii) performing a diligent search of our records and the records of affiliates that acted as securitizers in our transactions for all relevant information, (iii) reviewing appropriate documentation from all relevant transactions to determine the parties responsible for enforcing representations and warranties, and other parties who might have received repurchase requests (such parties, "Demand Entities") and (iv) making written request of, or entering into a written agreement with, each Demand Entity to provide any information in its possession regarding requests or demands to repurchase any loans for a breach of a representation or warranty with respect to any relevant transaction. We followed up written requests made of Demand Entities as we deemed appropriate.

 

<sup>2</sup> For assets where more than one activity occurred during the reporting period, only the most recent activity is reported herein, provided that assets subject to demands to repurchase during the reporting period may be listed in both the column entitled "Assets That Were Subject of Demand" as well as an additional column showing the most recent status during the reporting period. If activity with respect to a particular asset occurred in a prior reporting period and the status of such asset remained unchanged as of the end of the subject reporting period, no activity with respect to such asset is reported herein.

 

<sup>3</sup> Includes a co-originated mortgage loan.

<sup>4</sup> Based on the principal balance of the related asset as of the end of the September 2025 distribution period.

<sup>5</sup> Represents the percentage of the related asset in the entire securitization pool, based on the principal balances of the assets as of the end of the September 2025 distribution period.

<sup>6</sup> Based on the principal balance of the related asset as of the end of the September 2025 distribution period.

<sup>7</sup> Represents the percentage of the related asset in the entire securitization pool, based on the principal balances of the assets as of the end of the September 2025 distribution period.