# EDGAR Filing Document

**Accession Number:** 0002074674
**File Stem:** 0001539497-25-001707
**Filing Date:** 2025-6
**Character Count:** 25532
**Document Hash:** e2a4bb3a2dc9ea64a91e213ec6ae9d8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-001707.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001539497-25-001707

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250625

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mesirow SASB Loan Depositor, LLC
- **CENTRAL INDEX KEY:** 0002074674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07798
- **FILM NUMBER:** 251074483

**BUSINESS ADDRESS:**
- **STREET 1:** 353 NORTH CLARK STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
- **BUSINESS PHONE:** 312-595-7925

**MAIL ADDRESS:**
- **STREET 1:** 353 NORTH CLARK STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mesirow SASB Loan Depositor, LLC
- **CENTRAL INDEX KEY:** 0002074674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 353 NORTH CLARK STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
- **BUSINESS PHONE:** 312-595-7925

**MAIL ADDRESS:**
- **STREET 1:** 353 NORTH CLARK STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mesirow SASB Loan Depositor, LLC
- **CENTRAL INDEX KEY:** 0002074674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 353 NORTH CLARK STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654
- **BUSINESS PHONE:** 312-595-7925

**MAIL ADDRESS:**
- **STREET 1:** 353 NORTH CLARK STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60654

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER REPORT PURSUANT TO<br> 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 ____________________ to ____________________

Date of Report (Date of earliest event reported) ____________________

Commission File Number of securitizer: _____________________

Central Index Key Number of securitizer: ____________________

Name and telephone number, including area code, of the person to contact in<br> 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) [ ]

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

Central Index Key Number of depositor: 0002074674

<u>MSRW 2025-CC Pass-Through Trust</u>

(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): ______________

<u>Sam Wetzel 312-595-7930</u>

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

Page 1 of 3

**INFORMATION TO BE INCLUDED IN THE REPORT**

**PART II: FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

Attached as Exhibit 99.1 hereto is an agreed-upon procedures report, dated June 25, 2025, of KPMG, obtained by the issuer, which report sets forth the findings and conclusions, as applicable, of KPMG with respect to certain agreed-upon procedures performed by KPMG.

Page 2 of 3

**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.

---

| | | |
|:---|:---|:---|
| Date: June 25, 2025 | **Mesirow SASB Loan Depositor, LLC** | **Mesirow SASB Loan Depositor, LLC** |
|  | By: | /s/ Sam Wetzel |
|  |  | Sam Wetzel, Secretary |

---

Page 3 of 3

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](kpmglogo.jpg) |  |
|  | KPMG LLP<br> Suite 900<br> 8350 Broad Street<br> McLean, VA 22102 |

---

**Independent Accountants' Agreed-Upon Procedures Report**

Mesirow Financial Services, Inc.<br> (the "Company")<br> Mesirow SASB Loan Funding, LLC<br> Mesirow SASB Loan Depositor, LLC<br> Mesirow Financial, Inc.<br> (collectively, the "Specified Parties"):

Re: MSRW 2025-CC Pass-Through Trust – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "Cross Creek Annex A.xlsx" provided by the Company on June 25, 2025 (the "Data File"), containing information on one mortgage loan (the "Mortgage Loan") and one related mortgaged property (the "Mortgaged Property") as of July 9, 2025 (the "Cut-off Date"), which we were informed is intended to be included as collateral in the offering by MSRW 2025-CC Pass-Through Trust, Commercial Mortgage Pass-Through Certificates, Series MSRW 2025-CC (the "Certificates"). The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

· The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated.
Such compared information was deemed to be in agreement if differences were within the reporting threshold.

· The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement,
unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

· The term "reporting threshold" means that dollar amounts and percentages were within $1.00 and 0.1%, respectively.

· The term "Provided by the Company" when used in the "Source Document(s)" column of Attachment A, means we were
instructed by the Company to assume the attribute is accurate and not perform any procedure.

KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

![](kpmglogo2.jpg)

· The term "Loan Files" means the electronic copies of source documents provided by the Company and listed in Attachment
A. Where the term "Draft" is used, it means source documents provided by the Company and listed in Attachment A are in draft
form and are not executed with signatures as of the date of this report. We make no representation regarding the validity or accuracy
of any of the source documents.

· The term "Compared Attributes" means the list of fields in the Data File which were selected by the Company for us to
perform comparison procedures for and are listed in Attachment A.

· The term "Recomputed Attributes" means the list of fields in the Data File which were selected by the Company for us to
perform recomputation procedures for and are listed in Attachment B.

· The term "Calculation Methodology" means the formula listed in the Calculation Methodology column of Attachment B containing
the calculation methodology for the Recomputed Attributes provided by the Company.

· The term "Provided Information" means the Loan Files, Calculation Methodology and Cut-off Date.

Prior to being provided the Data File, we received one or more earlier versions of the data file on which to perform our procedures. In performing those procedures, we identified differences which were communicated to the Specified Parties. The Data File represents the revised information reflecting resolution of differences communicated as determined appropriate by the Company. We performed the procedures on the Data File, and the results of those procedures are reflected herein.

The procedures we were instructed by the Company to perform and the associated findings are as follows.

A. For the Mortgage Loan and Mortgaged Property included in the Data File, we compared the Compared Attributes in the Data File (except
for those with "Provided by the Company" in the "Source Document(s)" column of Attachment A) to the corresponding
information included in the Loan Files. The Specified Parties indicated that the absence of any of the information in the Loan Files or
the inability to agree the indicated information from the Data File to the Loan Files for each of the attributes identified, constituted
an exception (except for those with "Provided by the Company" in the "Source Document(s)" column of Attachment
A). The document priority is the order provided by the Company, which is listed in the "Source Document(s)" column in Attachment A, with the highest priority document listed first.

B. For the Mortgage Loan and Mortgaged Property included in the Data File, we recomputed the Recomputed Attributes in the Data File using
(i) the corresponding information contained in the Data File, and (ii) the Calculation Methodology.

We found such information to be in agreement without exception.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company,

![](kpmglogo2.jpg)

(ii) the physical existence of the Mortgage Loan and related Mortgaged Property, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Mortgage Loan to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing the Mortgage Loan being securitized, (iii) the compliance of the originator of the Mortgage Loan with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Mortgage Loan and related Mortgaged Property that would be material to the likelihood that the issuer of the Certificates will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

McLean, Virginia

June 25, 2025

**ATTACHMENT A**

**COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Mortgage Loan Originators | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;Property City | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;Property State | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;Property Zip Code | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;County | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Draft Appraisal, Engineering Report |
| &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Draft Appraisal, Engineering Report |
| &nbsp;&nbsp;General Property Type | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;Specific Property Type | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;No. of Units | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Occupancy % Source Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Loan Purpose (Acquisition, Refinance) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Borrower Name | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Borrower Sponsor | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Non-Recourse Carveout Guarantor | &nbsp;&nbsp;Draft Guaranty, Draft Loan Agreement |
| &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Debt Cut-Off Date Principal Balance ($) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Existing Unsecured Debt (Y/N) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Unsecured Debt Cut-Off Date Principal Balance ($) | &nbsp;&nbsp;Draft Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Future Secured Debt Permitted (Y/N) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Future Unsecured Debt Permitted (Y/N) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Original Principal Balance ($) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Cut-Off Date Total Debt Amount ($) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Maturity Date or Anticipated Repayment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Fully Extended Maturity Date or Anticipated Repayment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Interest Rate | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Annual Certificate Administrator Fee ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Operating Advisor Fee Rate | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Servicing Fee Rate | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;CREFC® License Fee Rate | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Interest Accrual Basis | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Prepayment Restriction Code | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Partial Release and/or Partial Prepayment (Y/N) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Partial Release and/or Prepayment Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Amortization Term (Initial) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Amortization Term (Remaining) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Assumed Interest Rate for Amortization | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Extension Options Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;IO Period (Initial) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;IO Period (Fully Extended) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Loan Amortization Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;As-Is Appraisal Valuation Date | &nbsp;&nbsp;Draft Appraisal |
| &nbsp;&nbsp;As-Is Appraised Value ($) | &nbsp;&nbsp;Draft Appraisal |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Underwritten Effective Gross Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;Underwritten Expenses ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;Underwritten Net Operating Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;Underwritten Net Cash Flow ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;April 2025 T12 Effective Gross Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;April 2025 T12 Expenses ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;April 2025 T12 Net Operating Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;April 2025 T12 Net Cash Flow ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2024 Effective Gross Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2024 Expenses ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2024 Net Operating Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2024 Net Cash Flow ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2023 Effective Gross Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2023 Expenses ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2023 Net Operating Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2023 Net Cash Flow ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2022 Effective Gross Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2022 Expenses ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2022 Net Operating Income ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;2022 Net Cash Flow ($) | &nbsp;&nbsp;Underwritten Cash Flow File |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Title Vesting (Fee/Leasehold/Both) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Type of Lockbox | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Cash Management Trigger Event Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Deferred Maintenance Reserve (Initial) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Deferred Maintenance Reserve (Monthly) | &nbsp;&nbsp;Draft Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Springing Deferred Maintenance Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Tax Escrow (Initial) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Tax Escrow (Monthly) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Tax Escrow Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Insurance Escrow (Initial) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Insurance Escrow (Monthly) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Springing Insurance Escrow Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;CapEx Reserve (Initial) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;CapEx Reserve (Monthly) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;CapEx Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;TI/LC Reserve (Initial) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;TI/LC Reserve (Monthly) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Springing TI/LC Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Escrow I Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Escrow I (Initial) ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Other Escrow I (Monthly) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Springing Other Escrow I Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Escrow II Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Escrow II (Initial) ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Other Escrow II (Monthly) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Springing Other Escrow II Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Escrow III Reserve Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Escrow III (Initial) ($) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Escrow III (Monthly) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Springing Other Escrow III Reserve Description | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Future Mezzanine Debt Permitted (Y/N) | &nbsp;&nbsp;Draft Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Environmental Phase I Report Firm | &nbsp;&nbsp;Phase I Environmental Report |
| &nbsp;&nbsp;Environmental Phase I Report Date | &nbsp;&nbsp;Phase I Environmental Report |
| &nbsp;&nbsp;Phase II Performed | &nbsp;&nbsp;Phase II Environmental Report |
| &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Engineering Report Firm | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Seismic Report Firm | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Largest Tenant Exp. Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;2nd Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;2nd Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;2nd Largest Tenant Exp. Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;3rd Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;3rd Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;3rd Largest Tenant Exp. Date | &nbsp;&nbsp;Rent Roll |

---

**ATTACHMENT B**

**RECOMPUTED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;<br> **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Monthly Debt Service ($) | &nbsp;&nbsp; Recompute using the Assumed Interest Rate for Amortization divided by 12, Amortization Term (Initial) and Original Principal Balance ($)<br> Assume that all scheduled payments of principal and/or interest on the Mortgage Loan are made and that there are no prepayments or other unscheduled collections |
| &nbsp;&nbsp;Loan Term (Initial) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and the Initial Maturity Date or Anticipated Repayment Date |
| &nbsp;&nbsp;Remaining Loan Term (Initial) | &nbsp;&nbsp;Loan Term (Initial) minus Seasoning |
| &nbsp;&nbsp;Loan Term (Fully Extended) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and the Fully Extended Maturity Date or Anticipated Repayment Date |
| &nbsp;&nbsp;Remaining Loan Term (Fully Extended) | &nbsp;&nbsp;Loan Term (Fully Extended) minus Seasoning |
| &nbsp;&nbsp;Seasoning | &nbsp;&nbsp;Number of payments between and including the First Payment Date and the Cut-off Date, subject to a minimum of 0 |
| &nbsp;&nbsp;As-Is LTV Ratio | &nbsp;&nbsp;Original Principal Balance ($) divided by As-Is Appraised Value ($) |
| &nbsp;&nbsp;UW NCF DSCR | &nbsp;&nbsp;Underwritten Net Cash Flow ($) divided by the product of Monthly Debt Service ($) and 12 |
| &nbsp;&nbsp;Underwritten NOI Debt Yield | &nbsp;&nbsp;Underwritten Net Operating Income ($) divided by Original Principal Balance ($) |
| &nbsp;&nbsp;Underwritten NCF Debt Yield | &nbsp;&nbsp;Underwritten Net Cash Flow ($) divided by Original Principal Balance ($) |

---