# EDGAR Filing Document

**Accession Number:** 0001258361
**File Stem:** 0001539497-26-001252
**Filing Date:** 2026-4
**Character Count:** 525598
**Document Hash:** 99a29c79a390461fe3cc0d189c86af2d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-001252.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001539497-26-001252

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 22

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Benchmark 2026-V22 Mortgage Trust
- **CENTRAL INDEX KEY:** 0002126766
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-286596-04
- **FILM NUMBER:** 26925853

**BUSINESS ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2128165343

**MAIL ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0001258361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 861073506
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2128165343

**MAIL ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

---

| |
|:---|
| &nbsp;&nbsp;FREE WRITING PROSPECTUS |
| &nbsp;&nbsp;FILED PURSUANT TO RULE 433 |
| &nbsp;&nbsp;REGISTRATION FILE NO.: 333-286596-04 |

---

April 30, 2026

**BENCHMARK 2026-V22**

**Commercial Mortgage Trust**

***Free Writing Prospectus <br> Structural and Collateral Term Sheet***

**$750,154,739**

(Approximate Initial Mortgage Pool Balance)

**$[ ]**

(Approximate Offered Certificates)

&nbsp;&nbsp; **Citigroup Commercial Mortgage Securities Inc.**<br> *Depositor*<br>

&nbsp;&nbsp; Commercial Mortgage Pass-Through Certificates,<br> Series 2026-V22<br>

&nbsp;&nbsp; <br> **Citi Real Estate Funding Inc.**<br> **Goldman Sachs Mortgage Company**<br> **German American Capital Corporation**<br>**Barclays Capital Real Estate Inc.**<br>

*As Sponsors and Mortgage Loan Sellers*

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Citigroup Global <br> Markets Inc.** | &nbsp;&nbsp;**Goldman Sachs & Co.<br> LLC** | &nbsp;&nbsp;**Deutsche Bank Securities<br> Inc.** | &nbsp;&nbsp;**Barclays Capital Inc.** |

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*Co-Lead Managers and Joint Bookrunners*

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| | |
|:---|:---|
| **Drexel Hamilton, LLC** | **Bancroft Capital, LLC** |

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*Co-Managers*

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC, Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

The information in this free writing prospectus is preliminary and may be supplemented or changed. This free writing prospectus is not an offering to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

**THIS FREE WRITING PROSPECTUS, DATED APRIL 30, 2026<br> MAY BE AMENDED OR SUPPLEMENTED PRIOR TO TIME OF SALE**

**BMARK 2026-V22**

The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-286596) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

The securities to which these collateral materials ("**Materials**") relate will be described in greater detail in the preliminary prospectus expected to be dated in May 2026 (the "**Preliminary Prospectus**") that will be included as part of our registration statement. The Preliminary Prospectus will contain material information that is not contained in these Materials (including, without limitation, a summary of risks associated with an investment in the offered securities under the heading *"Summary of Risk Factors"* and a detailed discussion of such risks under the heading *"Risk Factors"*).

These Materials are preliminary and subject to change. The information in these Materials supersedes all prior such information delivered to you and will be superseded by any subsequent information delivered prior to the time of sale.

Neither these Materials nor anything contained in these Materials shall form the basis for any contract or commitment whatsoever. These Materials are not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.

The information contained in these Materials may not pertain to any securities that will actually be sold. The information contained in these Materials may be based on assumptions regarding market conditions and other matters as reflected in these Materials. We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and these Materials should not be relied upon for such purposes. We and our affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of these Materials may, from time to time, have long or short positions in, and buy or sell, the securities mentioned in these Materials or derivatives thereof (including options). Information contained in these Materials is current as of the date appearing on these Materials only.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 2 |

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**I**MPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these Materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these Materials are accurate or complete and that these Materials may not be updated or (3) these Materials possibly being confidential, are, in each case, not applicable to these Materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these Materials having been sent via Bloomberg or another system.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 3 |

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|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

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![](n5868prets_img001.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 4 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

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![](n5868prets_img002.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 5 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

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![](n5868prets_img003.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 6 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

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|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Properties Information** | &nbsp;&nbsp;**Properties Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;CREFI | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Portfolio |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Refinance | &nbsp;&nbsp;**Properties Type – Subtype<sup>(7)</sup>:** | &nbsp;&nbsp;Industrial - Various |
| &nbsp;&nbsp;**Borrower Sponsor(s):** | &nbsp;&nbsp;Industrial Logistics Properties Trust | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee / Leasehold |
| &nbsp;&nbsp;**Borrower(s)<sup>(1)</sup>:** | &nbsp;&nbsp;Various | &nbsp;&nbsp;**Location<sup>(7)</sup>:** | &nbsp;&nbsp;Various, Various |
| &nbsp;&nbsp;**Original Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$67500000 | &nbsp;&nbsp;**Year Built / Renovated<sup>(7)</sup>:** | &nbsp;&nbsp;Various / Various |
| &nbsp;&nbsp;**Cut-off Date Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$67500000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;The RMR Group LLC |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;9.0% | &nbsp;&nbsp;**Size<sup>(7)</sup>:** | &nbsp;&nbsp;19,189,611 SF |
| &nbsp;&nbsp;**Interest Rate<sup>(3)</sup>:** | &nbsp;&nbsp;5.096767533% | &nbsp;&nbsp;**Appraised Value / Per SF<sup>(8)</sup>:** | &nbsp;&nbsp;$2,350,000,000 / $122 |
| &nbsp;&nbsp;**Note Date<sup>(4)</sup>:** | &nbsp;&nbsp;May 8, 2026 | &nbsp;&nbsp;**Appraisal Date<sup>(8)</sup>:** | &nbsp;&nbsp;February 11, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy<sup>(9)</sup>:** | &nbsp;&nbsp;96.3% (as of Various) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;96.3% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI:** | &nbsp;&nbsp;$123567331 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$116850967 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;June 11, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;May 11, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type<sup>(2)</sup>:** | &nbsp;&nbsp;*Pari Passu* / B-Notes | &nbsp;&nbsp;**Most Recent NOI:** | &nbsp;&nbsp;$122,186,205 (TTM September 30, 2025) |
| &nbsp;&nbsp;**Additional Debt Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$1,101,900,000 / $450,600,000 | &nbsp;&nbsp;**2024 NOI:** | &nbsp;&nbsp;$120156924 |
| &nbsp;&nbsp;**Call Protection<sup>(5)</sup>:** | &nbsp;&nbsp;L(23),YM1(1),DorYM1(29),O(7) | &nbsp;&nbsp;**2023 NOI:** | &nbsp;&nbsp;$117555625 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Hard / Springing | &nbsp;&nbsp;**2022 NOI (10 months):** | &nbsp;&nbsp;$98213266 |

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|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(6)</sup>** | &nbsp;&nbsp;**Reserves<sup>(6)</sup>** | &nbsp;&nbsp;**Reserves<sup>(6)</sup>** | &nbsp;&nbsp;**Reserves<sup>(6)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(2)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(2)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(2)</sup>** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** |  | &nbsp;&nbsp;**Senior Loan** | &nbsp;&nbsp;**Whole Loan** |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date Loan / SF:** | &nbsp;&nbsp;$61 | &nbsp;&nbsp;$84 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / SF:** | &nbsp;&nbsp;$61 | &nbsp;&nbsp;$84 |
| &nbsp;&nbsp;**TI / LC Reserve:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV<sup>(8)</sup>:** | &nbsp;&nbsp;49.8% | &nbsp;&nbsp;68.9% |
| &nbsp;&nbsp;**Replacement Reserves:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date LTV<sup>(8)</sup>:** | &nbsp;&nbsp;49.8% | &nbsp;&nbsp;68.9% |
| &nbsp;&nbsp;**Ground Lease Reserve:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | &nbsp;&nbsp;10.6% | &nbsp;&nbsp;7.6% |
| &nbsp;&nbsp;**Unfunded Obligations Reserve:** | &nbsp;&nbsp;$3530579 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NCF DSCR:** | &nbsp;&nbsp;1.93x | &nbsp;&nbsp;1.25x |

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|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses<sup>(2)</sup>** | &nbsp;&nbsp;**Sources and Uses<sup>(2)</sup>** | &nbsp;&nbsp;**Sources and Uses<sup>(2)</sup>** | &nbsp;&nbsp;**Sources and Uses<sup>(2)</sup>** | &nbsp;&nbsp;**Sources and Uses<sup>(2)</sup>** | &nbsp;&nbsp;**Sources and Uses<sup>(2)</sup>** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Senior Loan Amount: | &nbsp;&nbsp;$1169400000 | &nbsp;&nbsp;72.2% | &nbsp;&nbsp;Loan Payoff: | &nbsp;&nbsp;$1608229700 | &nbsp;&nbsp;99.3% |
| &nbsp;&nbsp;Subordinate Loan Amount: | &nbsp;&nbsp;450600000 | &nbsp;&nbsp; 27.8 | &nbsp;&nbsp;Closing Costs: | &nbsp;&nbsp;8239721 | &nbsp;&nbsp;0.5 |
|  |  |  | &nbsp;&nbsp;Upfront Reserves: | &nbsp;&nbsp;3530579 | &nbsp;&nbsp;0.2 |
| &nbsp;&nbsp;**Total Sources:** | &nbsp;&nbsp;**$1620000000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses:** | &nbsp;&nbsp;**$1620000000** | &nbsp;&nbsp;**100.0%** |

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(1) See "*The Borrowers and the Borrower Sponsor*" below.

(2) The Mountain Industrial Portfolio Mortgage Loan (as defined below) is part of the Mountain Industrial
Portfolio Whole Loan (as defined below), which is comprised of 24 *pari passu* senior promissory notes and 12 junior promissory notes,
with an aggregate original principal balance and Cut-off Date Balance of $1,620,000,000. The Financial Information in the chart above
under "Senior Loan" is based solely on the aggregate outstanding principal balance as of the Cut-off Date of the Mountain
Industrial Portfolio Senior Loan (as defined below) and the Financial Information set forth in the chart above under "Whole Loan"
is based on the aggregate outstanding principal balance as of the Cut-off Date of the Mountain Industrial Portfolio Whole Loan.

(3) Interest Rate represents the weighted average interest rate of the Mountain Industrial Portfolio Senior
Loan. The junior notes bear interest at the weighted average interest rate of 7.291555666% *per annum*. The weighted average interest
rate of the Mountain Industrial Portfolio Whole Loan is 5.707243788% *per annum*. See the definition of "Weighted Average Interest
Rate" set forth under "*Description of the Mortgage Pool—Certain Calculations and Definitions*" in the Preliminary
Prospectus. The interest rate of the Mountain Industrial Portfolio Whole Loan and of the Mountain Industrial Portfolio Mortgage Loan may
change if any of the individual Mountain Industrial Portfolio Properties (as defined below) securing the Mountain Industrial Portfolio
Whole Loan are released and any portion of any of the Mountain Industrial Portfolio Whole Loan components is paid down in accordance with
the Mountain Industrial Portfolio Whole Loan documents. See "*Release of Collateral*" below for additional information
related to permitted partial releases.

(4) The Mountain Industrial Portfolio Whole Loan has not yet been originated. The Mountain Industrial Portfolio
Whole Loan is expected to be originated and funded on or about May 8, 2026. Information set forth in this term sheet with respect to the
Mountain Industrial Portfolio Mortgage Loan and Mountain Industrial Portfolio Whole Loan is based on the anticipated terms on the origination
date.

(5) The defeasance lockout period will be at least 24 payment dates beginning with and including the first
payment date on June 11, 2026. Defeasance of the Mountain Industrial Portfolio Whole Loan is permitted after the date that is two years
from the closing date of the securitization that includes the last note to be securitized. The assumed defeasance lockout period of 24
payments is based on the closing date of the Benchmark 2026-V22 securitization trust in May 2026. The actual defeasance lockout period
may be longer.

(6) See "*Initial and Ongoing Reserves*" below.

(7) See "*Portfolio Summary*" for an overview of the top 20 Mountain Industrial Portfolio
Properties.

(8) The Mountain Industrial Portfolio Properties had a portfolio appraised value of $2,350,000,000, as of
February 11, 2026, which is inclusive of an 9.2% portfolio premium and reflects the "as-is" value of the Mountain Industrial
Portfolio Properties as a whole if sold in their entirety to a single buyer. Based on the aggregate "as-is" appraised values
of the individual Mountain Industrial Portfolio Properties (exclusive of the portfolio premium) of $2,152,070,000, the Cut-off Date LTV
Ratio and the Maturity Date LTV Ratio for the Mountain Industrial Portfolio Senior Loan are both equal to 54.3% and for the Mountain Industrial
Portfolio Whole Loan are both equal to 75.3%. The individual appraisals were completed on various dates between February 3, 2026, and
February 11, 2026.

(9) Based on the underwritten rent rolls as of either March 1, 2026 or May 11, 2026, depending on the property.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 7 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

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**The Loan.** The largest mortgage loan (the "**<u>Mountain Industrial Portfolio Mortgage Loan</u>**") is part of whole loan with an aggregate outstanding principal balance of $1,620,000,000 (the "**<u>Mountain Industrial Portfolio Whole Loan</u>**") comprised of (i) 24 *pari passu* senior notes with an aggregate outstanding principal balance of $1,169,400,000 (collectively, the **<u>"Mountain Industrial Portfolio Senior Loan</u>**"), and (ii) 12 junior notes with an aggregate outstanding principal balance of $450,600,000 (collectively, the "**<u>Mountain Industrial Portfolio Junior Notes</u>**"). Among the Mountain Industrial Portfolio Senior Notes are the non-controlling Notes A-3-4, and A-4-4, with an aggregate initial principal balance of $67,500,000 which evidence the Mountain Industrial Portfolio Mortgage Loan and will be contributed to the Benchmark 2026-V22 securitization trust. The Mountain Industrial Portfolio Junior Notes are generally subordinate in right of payment to the Mountain Industrial Portfolio Senior Notes. The Mountain Industrial Portfolio Whole Loan was co-originated by Citi Real Estate Funding Inc. ("**<u>CREFI</u>**"), Wells Fargo Bank, National Association ("**<u>WFB</u>**"), Bank of America, N.A. ("**<u>BANA</u>**"), UBS AG New York Branch ("**<u>UBS AG</u>**"), Morgan Stanley Bank, N.A. ("**<u>MSBNA</u>**") and Bank of Montreal ("**<u>BMO</u>**"). The Mountain Industrial Portfolio Mortgage Loan will be contributed by CREFI. The Mountain Industrial Portfolio Whole Loan is secured by first mortgage liens on the borrowers' fee or leasehold interests in a portfolio of 90 industrial properties totaling approximately 19.2 million SF located across 27 states and 57 individual markets (collectively, the "**<u>Mountain Industrial Portfolio Properties</u>"** or the "**<u>Properties</u>**", and each individually, a "**<u>Mountain Industrial Portfolio Property</u>**" or "**<u>Property</u>**").

The Mountain Industrial Portfolio Whole Loan will be serviced pursuant to the Trust and Servicing Agreement for the MTN 2026-LPFX securitization. See "*Description of the Mortgage Pool—The Whole Loans—The Mountain Industrial Portfolio Pari Passu-A/B Whole Loan" and "Pooling and Servicing Agreement—Servicing of the Outside Serviced Mortgage Loans*" in the Preliminary Prospectus.

The table below summarizes the promissory notes that comprise the Mountain Industrial Portfolio Whole Loan:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Mountain Industrial Portfolio Whole Loan Summary** | **Mountain Industrial Portfolio Whole Loan Summary** | **Mountain Industrial Portfolio Whole Loan Summary** | **Mountain Industrial Portfolio Whole Loan Summary** | **Mountain Industrial Portfolio Whole Loan Summary** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Note<sup>(1)</sup>** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Cut-off Date Balance** | &nbsp;&nbsp;**Note Holder** | &nbsp;&nbsp;**Controlling Note** |
| &nbsp;&nbsp;&nbsp;&nbsp;A-1-1 (Florida) and A-2-1 (Non-Florida) | &nbsp;&nbsp;$332760000 | &nbsp;&nbsp;$332760000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;A-1-2 (Florida) and A-2-2 (Non-Florida) | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-1-3 (Florida) and A-2-3 (Non-Florida) | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-1-4 (Florida) and A-2-4 (Non-Florida) | &nbsp;&nbsp;$166380000 | &nbsp;&nbsp;$166380000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-1-5 (Florida) and A-2-5 (Non-Florida) | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-1-6 (Florida) and A-2-6 (Non-Florida) | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;$83190000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-3-1 (Florida) and A-4-1 (Non-Florida)<sup>(2)</sup> | &nbsp;&nbsp;$135000000 | &nbsp;&nbsp;$135000000 | &nbsp;&nbsp;WFB | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-3-2 (Florida) and A-4-2 (Non-Florida)<sup>(2)</sup> | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;BANA | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-3-3 (Florida) and A-4-3 (Non-Florida)<sup>(2)</sup> | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;BMO | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;**A-3-4 (Florida) and A-4-4 (Non-Florida)** | &nbsp;&nbsp;**$67500000** | &nbsp;&nbsp;**$67500000** | &nbsp;&nbsp;**Benchmark 2026-V22** | &nbsp;&nbsp;**No** |
| &nbsp;&nbsp;&nbsp;&nbsp;A-3-5 (Florida) and A-4-5 (Non-Florida)<sup>(2)</sup> | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;MSMCH | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-3-6 (Florida) and A-4-6 (Non-Florida)<sup>(2)</sup> | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;$33750000 | &nbsp;&nbsp;UBS AG | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;**Senior Loan** | &nbsp;&nbsp;**$1169400000** | &nbsp;&nbsp;**$1169400000** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;B-1-1 (Florida) and B-2-1 (Non-Florida)<sup>(3)</sup> | &nbsp;&nbsp;$180240000 | &nbsp;&nbsp;$180240000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;B-1-2 (Florida) and B-2-2 (Non-Florida)<sup>(3)</sup> | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;B-1-3 (Florida) and B-2-3 (Non-Florida)<sup>(3)</sup> | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;B-1-4 (Florida) and B-2-4 (Non-Florida)<sup>(3)</sup> | &nbsp;&nbsp;$90120000 | &nbsp;&nbsp;$90120000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;B-1-5 (Florida) and B-2-5 (Non-Florida)<sup>(3)</sup> | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;B-1-6 (Florida) and B-2-6 (Non-Florida)<sup>(3)</sup> | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;$45060000 | &nbsp;&nbsp;MTN 2026-LPFX | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Junior Notes** | &nbsp;&nbsp;**$450600000** | &nbsp;&nbsp;**$450600000** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Whole Loan** | &nbsp;&nbsp;**$1620000000** | &nbsp;&nbsp;**$1620000000** |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Florida notes are secured solely by mortgages on the Properties located in
Florida, and the Non-Florida notes are secured solely by mortgages on the Properties located outside of Florida; *provided*, that
all of the non-Florida borrowers delivered to the lender a guaranty (the "Guaranty (Florida Notes)") of the Florida borrowers'
obligations to pay the outstanding principal balance of, and other amounts due and owing on the Florida notes, and the other Mountain
Industrial Portfolio Whole Loan documents.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Expected to be contributed to one or more future securitization transactions or
may otherwise be transferred at any time.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Mountain Industrial Portfolio Junior Notes will be generally subordinate in right of payment to the Mountain Industrial Portfolio
Senior Notes

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 8 |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

---

**The Properties.** The Mountain Industrial Portfolio Properties are comprised of 90 industrial properties located across 27 states with primary concentrations in Georgia (11.4% of underwritten net operating income ("UW NOI"); 11.5% NRA (as defined below)), Ohio (10.1% UW NOI; 9.6% NRA), and Texas (9.2% UW NOI; 6.9% NRA). The Mountain Industrial Portfolio Properties are located across 57 markets with the largest concentrations by UW NOI in Indianapolis (3 properties, 7.6% UW NOI), Columbus (3 properties, 5.6% UW NOI) and Charlotte (3 properties, 4.9% UW NOI). The Mountain Industrial Portfolio is granular, with no single Property comprising more than 4.4% of UW NOI and the top five Properties by UW NOI comprising just 19.1% of UW NOI.

The Mountain Industrial Portfolio Properties include 84 institutional-quality warehouse/distribution properties, five manufacturing/distribution properties, and one storage/warehouse property. The Mountain Industrial Portfolio Properties total 19,189,611 SF of net rentable area ("NRA"), with a limited office component comprising just 5.2% of NRA.

The Mountain Industrial Portfolio Properties are largely recent-vintage product, with a weighted average vintage of 2012 and 50 Properties, representing 74.3% of NRA and 79.9% of UW NOI, having been constructed after 2010. The Mountain Industrial Portfolio Properties benefit from modern specifications, with a weighted average clear height of 30' and 81.6% of NRA in buildings offering 26'+ clear heights.

Investment grade tenants account for 84.1% of underwritten gross rent ("UW Gross Rent"), and 10 of the top 20 tenants by UW Gross Rent are investment grade-rated, including Federal Express Corporation (56.9% of UW Gross Rent), Amazon.com Services, LLC (7.6% of UW Gross Rent), Home Depot U.S.A., Inc. (3.7% of UW Gross Rent) and Shaw Industries, Inc. (3.4% of UW Gross Rent).

All of the Mountain Industrial Portfolio Properties which are leased are 100% leased to a single tenant, other than the 5703 Mitchell Avenue Property, which has only one tenant but is 33.1% leased. Four of the Properties are not leased or are leased to a tenant which is dark.

The following table presents a summary of the top 20 Mountain Industrial Portfolio Properties by net operating income:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** | **Portfolio Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Market, State** | &nbsp;&nbsp;**NRA** | &nbsp;&nbsp;**% of NRA** | &nbsp;&nbsp;**Occ.** | &nbsp;&nbsp;**Year Built** | &nbsp;&nbsp;**WALT<sup>(2)</sup>** | &nbsp;&nbsp;**Clear Height** | &nbsp;&nbsp;**UW Base Rent PSF** | &nbsp;&nbsp;**% of UW NOI** |
| &nbsp;&nbsp;3150 Highway 42 | &nbsp;&nbsp;Atlanta, GA | &nbsp;&nbsp;657518 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2020 | &nbsp;&nbsp;14.6 | &nbsp;&nbsp;30' | &nbsp;&nbsp;$7.74 | &nbsp;&nbsp;4.4% |
| &nbsp;&nbsp;584 US Highway 130 | &nbsp;&nbsp;Trenton, NJ | &nbsp;&nbsp;347145 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2017 | &nbsp;&nbsp;6.1 | &nbsp;&nbsp;31' | &nbsp;&nbsp;15.35 | &nbsp;&nbsp;4.1% |
| &nbsp;&nbsp;1151 South Graham Road | &nbsp;&nbsp;Indianapolis, IN | &nbsp;&nbsp;615284 | &nbsp;&nbsp;3.2% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2019 | &nbsp;&nbsp;8.3 | &nbsp;&nbsp;36' | &nbsp;&nbsp;8.01 | &nbsp;&nbsp;4.0% |
| &nbsp;&nbsp;8341 Industrial Parkway | &nbsp;&nbsp;Columbus, OH | &nbsp;&nbsp;500268 | &nbsp;&nbsp;2.6% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2020 | &nbsp;&nbsp;9.4 | &nbsp;&nbsp;31' | &nbsp;&nbsp;9.01 | &nbsp;&nbsp;3.6% |
| &nbsp;&nbsp;590 Northport Parkway | &nbsp;&nbsp;Savannah, GA | &nbsp;&nbsp;831764 | &nbsp;&nbsp;4.3% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2017 | &nbsp;&nbsp;1.4 | &nbsp;&nbsp;36' | &nbsp;&nbsp;4.54 | &nbsp;&nbsp;3.0% |
| &nbsp;&nbsp;650 Braselton Parkway | &nbsp;&nbsp;Jefferson, GA | &nbsp;&nbsp;373750 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2018 | &nbsp;&nbsp;6.8 | &nbsp;&nbsp;32' | &nbsp;&nbsp;10.17 | &nbsp;&nbsp;2.9% |
| &nbsp;&nbsp;5005 Samuell Blvd. | &nbsp;&nbsp;Dallas-Fort Worth, TX | &nbsp;&nbsp;351874 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2016 | &nbsp;&nbsp;11.1 | &nbsp;&nbsp;31' | &nbsp;&nbsp;9.85 | &nbsp;&nbsp;2.8% |
| &nbsp;&nbsp;635 Community Drive | &nbsp;&nbsp;Burlington, VT | &nbsp;&nbsp;143979 | &nbsp;&nbsp;0.8% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2021 | &nbsp;&nbsp;10.1 | &nbsp;&nbsp;32' | &nbsp;&nbsp;22.45 | &nbsp;&nbsp;2.5% |
| &nbsp;&nbsp;482 Chaney Avenue | &nbsp;&nbsp;Indianapolis, IN | &nbsp;&nbsp;671354 | &nbsp;&nbsp;3.5% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2014 | &nbsp;&nbsp;4.2 | &nbsp;&nbsp;32' | &nbsp;&nbsp;4.44 | &nbsp;&nbsp;2.3% |
| &nbsp;&nbsp;6538 & 6526 Judge Adams Road | &nbsp;&nbsp;Greensboro, NC | &nbsp;&nbsp;286281 | &nbsp;&nbsp;1.5% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2019 | &nbsp;&nbsp;9.0 | &nbsp;&nbsp;32' | &nbsp;&nbsp;10.48 | &nbsp;&nbsp;2.3% |
| &nbsp;&nbsp;22525 West 167th Street | &nbsp;&nbsp;Kansas City, KS | &nbsp;&nbsp;313763 | &nbsp;&nbsp;1.6% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2016 | &nbsp;&nbsp;10.1 | &nbsp;&nbsp;31' | &nbsp;&nbsp;8.84 | &nbsp;&nbsp;2.1% |
| &nbsp;&nbsp;5000 North Ridge Trail | &nbsp;&nbsp;Lakeland, FL | &nbsp;&nbsp;310922 | &nbsp;&nbsp;1.6% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2016 | &nbsp;&nbsp;5.0 | &nbsp;&nbsp;31' | &nbsp;&nbsp;8.54 | &nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;1601 Brown Road | &nbsp;&nbsp;Detroit, MI | &nbsp;&nbsp;245633 | &nbsp;&nbsp;1.3% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2006 | &nbsp;&nbsp;5.5 | &nbsp;&nbsp;30' | &nbsp;&nbsp;10.42 | &nbsp;&nbsp;2.0% |
| &nbsp;&nbsp;4350 Fortune Ave NW | &nbsp;&nbsp;Charlotte, NC | &nbsp;&nbsp;354482 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2016 | &nbsp;&nbsp;6.1 | &nbsp;&nbsp;32' | &nbsp;&nbsp;7.16 | &nbsp;&nbsp;1.9% |
| &nbsp;&nbsp;9780 Mopar Drive | &nbsp;&nbsp;Akron, OH | &nbsp;&nbsp;368060 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2011 | &nbsp;&nbsp;1.5 | &nbsp;&nbsp;32' | &nbsp;&nbsp;6.19 | &nbsp;&nbsp;1.8% |
| &nbsp;&nbsp;1509 Leestown Road | &nbsp;&nbsp;Frankfort, KY | &nbsp;&nbsp;599840 | &nbsp;&nbsp;3.1% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2014 | &nbsp;&nbsp;3.7 | &nbsp;&nbsp;32' | &nbsp;&nbsp;3.91 | &nbsp;&nbsp;1.8% |
| &nbsp;&nbsp;3779 Lake Shore Road | &nbsp;&nbsp;Buffalo, NY | &nbsp;&nbsp;338584 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2016 | &nbsp;&nbsp;4.9 | &nbsp;&nbsp;31' | &nbsp;&nbsp;6.98 | &nbsp;&nbsp;1.8% |
| &nbsp;&nbsp;4555 West Highway 146 | &nbsp;&nbsp;Louisville, KY | &nbsp;&nbsp;558600 | &nbsp;&nbsp;2.9% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2014 | &nbsp;&nbsp;7.5 | &nbsp;&nbsp;36' | &nbsp;&nbsp;4.07 | &nbsp;&nbsp;1.7% |
| &nbsp;&nbsp;4690 Global Avenue NW | &nbsp;&nbsp;Charlotte, NC | &nbsp;&nbsp;330717 | &nbsp;&nbsp;1.7% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2015 | &nbsp;&nbsp;4.2 | &nbsp;&nbsp;30' | &nbsp;&nbsp;6.85 | &nbsp;&nbsp;1.7% |
| &nbsp;&nbsp;6735 Trippel Road | &nbsp;&nbsp;Mobile, AL | &nbsp;&nbsp;362942 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2017 | &nbsp;&nbsp;2.6 | &nbsp;&nbsp;36' | &nbsp;&nbsp;5.98 | &nbsp;&nbsp;1.7% |
| &nbsp;&nbsp;**Total / Wtd. Avg. Top 20** |  | &nbsp;&nbsp;**8562760** | &nbsp;&nbsp;**44.6%** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**2016** | &nbsp;&nbsp;**6.4** | &nbsp;&nbsp;**33'** | &nbsp;&nbsp;**$7.51** | &nbsp;&nbsp;**50.7%** |
| &nbsp;&nbsp;Total / Wtd. Avg. Other |  | &nbsp;&nbsp;10626851 | &nbsp;&nbsp;55.4% | &nbsp;&nbsp;93.3% | &nbsp;&nbsp;2008 | &nbsp;&nbsp;4.2 | &nbsp;&nbsp;29' | &nbsp;&nbsp;6.63 | &nbsp;&nbsp;49.3% |
| &nbsp;&nbsp;**Total / Wtd. Avg.** |  | &nbsp;&nbsp;**19189611** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**96.3%** | &nbsp;&nbsp;**2012** | &nbsp;&nbsp;**5.3** | &nbsp;&nbsp;**30'** | &nbsp;&nbsp;**$7.04** | &nbsp;&nbsp;**100.0%** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Based on the underwritten rent roll dated March 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Weighted based on occupied SF.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 9 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

---

**Major Tenants.**

 ****

*Federal Express Corporation (9,049,211 SF; 47.2% of NRA; 57.2% of underwritten base rent inclusive of contractual rent steps through March 2027* ("UW Rent"): Founded in 1971, Federal Express Corporation is a publicly traded global transportation and logistics company operating under the FedEx brand. It provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services, delivered through a highly integrated global network. Federal Express Corporation leases 45 Properties, with its earliest lease having started in February 2022. Federal Express Corporation's headquarters is located in Memphis, Tennessee.

*Amazon.com Services, LLC (1,399,006 SF; 7.3% of NRA; 7.8% of UW Rent):* Amazon.com Services, LLC is a United States-based limited liability company and a wholly owned subsidiary of Amazon.com, Inc. It is the primary legal entity through which Amazon.com, Inc. delivers a wide range of consumer-facing and business services on Amazon.com, including website functionality, marketplace operations, digital services, and customer account services. Amazon.com Services, LLC leases four Properties, with each of its leases starting in February 2022. The company's global headquarters is located in Seattle, Washington.

*Home Depot U.S.A., Inc (657,518 SF; 3.4% of NRA; 3.9% of UW Rent)*: Founded in 1978, Home Depot U.S.A., Inc. is part of The Home Depot, a large home improvement specialty retailer. The company operates retail stores and supply chain facilities focused on serving homeowners, professional contractors, and businesses with products and services related to home improvement, construction, and maintenance. Home Depot U.S.A., Inc's lease began in February 2022 and expires in November 2040. The company's headquarters is located in Atlanta, Georgia.

The following table presents certain information relating to the top 10 tenants by annual UW Rent at the Mountain Industrial Portfolio Properties:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Tenant Name** | &nbsp;&nbsp;**Credit Rating (Fitch/Moody's/ S&P)<sup>(2)</sup>** | &nbsp;&nbsp;**Tenant SF** | &nbsp;&nbsp;**% of Total SF** | &nbsp;&nbsp;**Annual UW Rent<sup>(3)</sup>** | &nbsp;&nbsp;**% of Total Annual UW Rent<sup>(3)</sup>** | &nbsp;&nbsp;**Annual UW Rent PSF<sup>(3)</sup>** | &nbsp;&nbsp;**Lease Expiration** | &nbsp;&nbsp;**Renewal Options** |
| &nbsp;&nbsp;Federal Express Corporation | &nbsp;&nbsp;NR/Baa2/BBB | &nbsp;&nbsp;9049211 | &nbsp;&nbsp;47.2% | &nbsp;&nbsp;$74460309 | &nbsp;&nbsp;57.2% | &nbsp;&nbsp;$8.23 | &nbsp;&nbsp;Various<sup>(4)</sup> &nbsp;&nbsp;N | &nbsp;&nbsp;Various<sup>(4)</sup> |
| &nbsp;&nbsp;Amazon.com Services, LLC | &nbsp;&nbsp;AA-/A1/AA | &nbsp;&nbsp;1399006 | &nbsp;&nbsp;7.3% | &nbsp;&nbsp;$10163266 | &nbsp;&nbsp;7.8% | &nbsp;&nbsp;$7.26 | &nbsp;&nbsp;Various<sup>(5)</sup> &nbsp;&nbsp;N | &nbsp;&nbsp;Various<sup>(5)</sup> |
| &nbsp;&nbsp;Home Depot U.S.A., Inc. | &nbsp;&nbsp;A/A2/A | &nbsp;&nbsp;657518 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;$5089189 | &nbsp;&nbsp;3.9% | &nbsp;&nbsp;$7.74 | &nbsp;&nbsp;11/30/2040 &nbsp;&nbsp;N | &nbsp;&nbsp;4 x 5 years |
| &nbsp;&nbsp;Shaw Industries, Inc.<sup>(6)</sup> | &nbsp;&nbsp;AA-/Aa2/NR | &nbsp;&nbsp;831764 | &nbsp;&nbsp;4.3% | &nbsp;&nbsp;$3776209 | &nbsp;&nbsp;2.9% | &nbsp;&nbsp;$4.54 | &nbsp;&nbsp;9/30/2027 &nbsp;&nbsp;N | &nbsp;&nbsp;2 x 5 years |
| &nbsp;&nbsp;ULTA Beauty Distribution, LLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;671354 | &nbsp;&nbsp;3.5% | &nbsp;&nbsp;$2980812 | &nbsp;&nbsp;2.3% | &nbsp;&nbsp;$4.44 | &nbsp;&nbsp;7/31/2030 &nbsp;&nbsp;N | &nbsp;&nbsp;3 x 5 years |
| &nbsp;&nbsp;Jim Beam Brands Co. | &nbsp;&nbsp;NR/Baa1/BBB+ | &nbsp;&nbsp;599840 | &nbsp;&nbsp;3.1% | &nbsp;&nbsp;$2345374 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;$3.91 | &nbsp;&nbsp;1/31/2030 &nbsp;&nbsp;N | &nbsp;&nbsp;5 x 5 years |
| &nbsp;&nbsp;DSV Solutions, LLC | &nbsp;&nbsp;NR/A3/A- | &nbsp;&nbsp;368060 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;$2278291 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;$6.19 | &nbsp;&nbsp;10/31/2027 &nbsp;&nbsp;N | &nbsp;&nbsp;2 x 5 years |
| &nbsp;&nbsp;Winland Foods, Inc.<sup>(7)</sup> | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;558600 | &nbsp;&nbsp;2.9% | &nbsp;&nbsp;$2273502 | &nbsp;&nbsp;1.7% | &nbsp;&nbsp;$4.07 | &nbsp;&nbsp;10/31/2033 &nbsp;&nbsp;N | &nbsp;&nbsp;3 x 5 years |
| &nbsp;&nbsp;Toyota Tsusho America, Inc. | &nbsp;&nbsp;NR/A3/A | &nbsp;&nbsp;350418 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;$1766107 | &nbsp;&nbsp;1.4% | &nbsp;&nbsp;$5.04 | &nbsp;&nbsp;6/30/2029 &nbsp;&nbsp;N | &nbsp;&nbsp;4 x 5 years |
| &nbsp;&nbsp;Autoneum North America, Inc. | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;315560 | &nbsp;&nbsp;1.6% | &nbsp;&nbsp;$1751358 | &nbsp;&nbsp;1.3% | &nbsp;&nbsp;$5.55 | &nbsp;&nbsp;4/30/2032 &nbsp;&nbsp;N | &nbsp;&nbsp;2 x 5 years |
| &nbsp;&nbsp;**Subtotal/Wtd. Avg.** |  | &nbsp;&nbsp;**14801331** | &nbsp;&nbsp;**77.1%** | &nbsp;&nbsp;**$106884417** | &nbsp;&nbsp;**82.2%** | &nbsp;&nbsp;**$7.22** |  |  |
| &nbsp;&nbsp;Remaining Occupied |  | &nbsp;&nbsp;3680714 | &nbsp;&nbsp;19.2% | &nbsp;&nbsp;$23220561 | &nbsp;&nbsp;17.8% | &nbsp;&nbsp;$6.31 |  |  |
| &nbsp;&nbsp;**Occupied Total / Wtd. Avg.** |  | &nbsp;&nbsp;**18482045** | &nbsp;&nbsp;**96.3%** | &nbsp;&nbsp;**$130104978** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**$7.04** |  |  |
| &nbsp;&nbsp;Vacant Space |  | &nbsp;&nbsp;707566 | &nbsp;&nbsp;3.7% |  |  |  |  |  |
| &nbsp;&nbsp;**Total** |  | &nbsp;&nbsp;**19189611** | &nbsp;&nbsp;**100.0%** |  |  |  |  |  |

---

(1) Based on the underwritten rent roll dated March 1, 2026.

(2) Credit ratings are those of the parent company whether or not the parent guarantees the lease.

(3) Annual UW Rent, Annual UW Rent PSF and % of Total Annual UW Rent are inclusive of contractual rent steps
underwritten through March 2027.

(4) Federal Express Corporation leases expire between March 2027 and June 2037. Federal Express Corporation
has leases with various extension options, including 1 x 3 years, 1 x 5 years, 2 x 3 years and 2 x 5 years.

(5) Amazon.com Services, LLC leases expire between November 2028 and August 2034. Amazon.com Services, LLC
has leases with various extension options including 2 x 5 years, 3 x 5 years and 5 x 5 years.

(6) Shaw Industries, Inc. has free rent of $825,067, which was reserved for at origination.

(7) Winland Foods, Inc. subleases approximately 117,000 SF to Treehouse Private Brands, Inc.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 10 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

---

The following table presents certain information with respect to the lease rollover at the Mountain Industrial Portfolio Properties:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** |
| &nbsp;&nbsp;**Year Ending December 31** | &nbsp;&nbsp;**Expiring Owned GLA** | &nbsp;&nbsp;**% of Owned GLA** | &nbsp;&nbsp;**Cumulative % of Owned GLA** | &nbsp;&nbsp;**U/W Base Rent** | &nbsp;&nbsp;**% of Total U/W Base Rent** | &nbsp;&nbsp;**Cumulative % of UW Base Rent** | &nbsp;&nbsp;**U/W Base Rent $ per SF** | &nbsp;&nbsp;**# of Expiring Leases** |
| &nbsp;&nbsp;MTM & 2026 | &nbsp;&nbsp;280019 | &nbsp;&nbsp;1.5% | &nbsp;&nbsp;1.5% | &nbsp;&nbsp;$1534504 | &nbsp;&nbsp;1.2% | &nbsp;&nbsp;1.2% | &nbsp;&nbsp;$5.48 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2027 | &nbsp;&nbsp;2600070 | &nbsp;&nbsp;13.5% | &nbsp;&nbsp;15.0% | &nbsp;&nbsp;$14066421 | &nbsp;&nbsp;10.8% | &nbsp;&nbsp;12.0% | &nbsp;&nbsp;$5.41 | &nbsp;&nbsp;13 |
| &nbsp;&nbsp;2028 | &nbsp;&nbsp;1597547 | &nbsp;&nbsp;8.3% | &nbsp;&nbsp;23.3% | &nbsp;&nbsp;$11341608 | &nbsp;&nbsp;8.7% | &nbsp;&nbsp;20.7% | &nbsp;&nbsp;$7.10 | &nbsp;&nbsp;12 |
| &nbsp;&nbsp;2029 | &nbsp;&nbsp;1924776 | &nbsp;&nbsp;10.0% | &nbsp;&nbsp;33.4% | &nbsp;&nbsp;$11301147 | &nbsp;&nbsp;8.7% | &nbsp;&nbsp;29.4% | &nbsp;&nbsp;$5.87 | &nbsp;&nbsp;10 |
| &nbsp;&nbsp;2030 | &nbsp;&nbsp;2836121 | &nbsp;&nbsp;14.8% | &nbsp;&nbsp;48.1% | &nbsp;&nbsp;$16925802 | &nbsp;&nbsp;13.0% | &nbsp;&nbsp;42.4% | &nbsp;&nbsp;$5.97 | &nbsp;&nbsp;12 |
| &nbsp;&nbsp;2031 | &nbsp;&nbsp;2030385 | &nbsp;&nbsp;10.6% | &nbsp;&nbsp;58.7% | &nbsp;&nbsp;$16634755 | &nbsp;&nbsp;12.8% | &nbsp;&nbsp;55.2% | &nbsp;&nbsp;$8.19 | &nbsp;&nbsp;13 |
| &nbsp;&nbsp;2032 | &nbsp;&nbsp;1993387 | &nbsp;&nbsp;10.4% | &nbsp;&nbsp;69.1% | &nbsp;&nbsp;$16093501 | &nbsp;&nbsp;12.4% | &nbsp;&nbsp;67.6% | &nbsp;&nbsp;$8.07 | &nbsp;&nbsp;9 |
| &nbsp;&nbsp;2033 | &nbsp;&nbsp;1367452 | &nbsp;&nbsp;7.1% | &nbsp;&nbsp;76.2% | &nbsp;&nbsp;$8898538 | &nbsp;&nbsp;6.8% | &nbsp;&nbsp;74.4% | &nbsp;&nbsp;$6.51 | &nbsp;&nbsp;5 |
| &nbsp;&nbsp;2034 | &nbsp;&nbsp;849944 | &nbsp;&nbsp;4.4% | &nbsp;&nbsp;80.7% | &nbsp;&nbsp;$6143964 | &nbsp;&nbsp;4.7% | &nbsp;&nbsp;79.1% | &nbsp;&nbsp;$7.23 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;2035 | &nbsp;&nbsp;985278 | &nbsp;&nbsp;5.1% | &nbsp;&nbsp;85.8% | &nbsp;&nbsp;$8890793 | &nbsp;&nbsp;6.8% | &nbsp;&nbsp;86.0% | &nbsp;&nbsp;$9.02 | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;2036 | &nbsp;&nbsp;1007674 | &nbsp;&nbsp;5.3% | &nbsp;&nbsp;91.1% | &nbsp;&nbsp;$9718797 | &nbsp;&nbsp;7.5% | &nbsp;&nbsp;93.4% | &nbsp;&nbsp;$9.64 | &nbsp;&nbsp;4 |
| &nbsp;&nbsp;2037 & Thereafter | &nbsp;&nbsp;1009392 | &nbsp;&nbsp;5.3% | &nbsp;&nbsp;96.3% | &nbsp;&nbsp;$8555148 | &nbsp;&nbsp;6.6% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;$8.48 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;Vacant | &nbsp;&nbsp;707566 | &nbsp;&nbsp;3.7% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**19189611** | &nbsp;&nbsp;**100.0%** |  | &nbsp;&nbsp;**$130104978** | &nbsp;&nbsp;**100.0%** |  | &nbsp;&nbsp;**$7.04** | &nbsp;&nbsp;**86** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Based on the underwritten rent roll dated March 1, 2026 and inclusive of contractual rent steps underwritten
through March 2027.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Certain tenants may have lease termination options that are not taken into account in the Lease Rollover
Schedule.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 11 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

---

The following table presents certain information relating to the historical operating performance and Underwritten Net Cash Flow at the Mountain Industrial Portfolio Properties:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** |
| | **2022 (10 Months)** | **2023** | **2024** | **9/30/2025 TTM** | **UW** | **U/W Per SF** |
| &nbsp;&nbsp;Gross Potential Rent | &nbsp;&nbsp;$104027173 | &nbsp;&nbsp;$124938188 | &nbsp;&nbsp;$127609086 | &nbsp;&nbsp;$129207999 | &nbsp;&nbsp;$133088511 | &nbsp;&nbsp;$6.94 |
| &nbsp;&nbsp;Rent Steps<sup>(1)</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;1925769 | &nbsp;&nbsp;$0.10 |
| &nbsp;&nbsp;Expense Recoveries | &nbsp;&nbsp;17528793 | &nbsp;&nbsp;24921462 | &nbsp;&nbsp;24622268 | &nbsp;&nbsp;24515984 | &nbsp;&nbsp;30669025 | &nbsp;&nbsp;$1.60 |
| &nbsp;&nbsp;**Gross Rent** | &nbsp;&nbsp;**$121555966** | &nbsp;&nbsp;**$149859650** | &nbsp;&nbsp;**$152231354** | &nbsp;&nbsp;**$153723982** | &nbsp;&nbsp;**$165683305** | &nbsp;&nbsp;**$8.63** |
| &nbsp;&nbsp;(Vacancy/Credit Loss/Concessions) | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;(5432032) | &nbsp;&nbsp;($0.28) |
| &nbsp;&nbsp;**Net Rental Income** | &nbsp;&nbsp;**$121555966** | &nbsp;&nbsp;**$149859650** | &nbsp;&nbsp;**$152231354** | &nbsp;&nbsp;**$153723982** | &nbsp;&nbsp;**$160251272** | &nbsp;&nbsp;**$8.35** |
| &nbsp;&nbsp;Straight-line Rent | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;1510184 | &nbsp;&nbsp;$0.08 |
| &nbsp;&nbsp;Other Income | &nbsp;&nbsp;$57789 | &nbsp;&nbsp;$43300 | &nbsp;&nbsp;$654559 | &nbsp;&nbsp;$47256 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0.00 |
| &nbsp;&nbsp;**Effective Gross Income** | &nbsp;&nbsp;**$121613755** | &nbsp;&nbsp;**$149902950** | &nbsp;&nbsp;**$152885913** | &nbsp;&nbsp;**$153771238** | &nbsp;&nbsp;**$161761456** | &nbsp;&nbsp;**$8.43** |
| &nbsp;&nbsp;Real Estate Taxes<sup>(2)</sup> | &nbsp;&nbsp;$14608156 | &nbsp;&nbsp;$20420511 | &nbsp;&nbsp;$19926115 | &nbsp;&nbsp;$19975521 | &nbsp;&nbsp;$26256056 | &nbsp;&nbsp;$1.37 |
| &nbsp;&nbsp;Insurance | &nbsp;&nbsp;1454718 | &nbsp;&nbsp;2219507 | &nbsp;&nbsp;2649417 | &nbsp;&nbsp;2475496 | &nbsp;&nbsp;2941326 | &nbsp;&nbsp;$0.15 |
| &nbsp;&nbsp;Other Operating Expenses | &nbsp;&nbsp;7337615 | &nbsp;&nbsp;9707308 | &nbsp;&nbsp;10153457 | &nbsp;&nbsp;9134017 | &nbsp;&nbsp;8996744 | &nbsp;&nbsp;$0.47 |
| &nbsp;&nbsp;**Total Operating Expenses** | &nbsp;&nbsp;**$23400489** | &nbsp;&nbsp;**$32347325** | &nbsp;&nbsp;**$32728989** | &nbsp;&nbsp;**$31585033** | &nbsp;&nbsp;**$38194125** | &nbsp;&nbsp;**$1.99** |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$98213266** | &nbsp;&nbsp;**$117555625** | &nbsp;&nbsp;**$120156924** | &nbsp;&nbsp;**$122186205** | &nbsp;&nbsp;**$123567331** | &nbsp;&nbsp;**$6.44** |
| &nbsp;&nbsp;Capital Reserves | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$1918961 | &nbsp;&nbsp;$0.10 |
| &nbsp;&nbsp;TI/LC | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;4797403 | &nbsp;&nbsp;$0.25 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$98213266** | &nbsp;&nbsp;**$117555625** | &nbsp;&nbsp;**$120156924** | &nbsp;&nbsp;**$122186205** | &nbsp;&nbsp;**$116850967** | &nbsp;&nbsp;**$6.09** |
| &nbsp;&nbsp;**Occupancy (%)** | &nbsp;&nbsp;**98.6%** | &nbsp;&nbsp;**98.9%** | &nbsp;&nbsp;**99.0%** | &nbsp;&nbsp;**99.6%<sup>(3)</sup>** | &nbsp;&nbsp;**96.7%<sup>(3)</sup>** |  |
| &nbsp;&nbsp;**NCF DSCR<sup>(4)</sup>** | &nbsp;&nbsp;**1.63x** | &nbsp;&nbsp;**1.95x** | &nbsp;&nbsp;**1.99x** | &nbsp;&nbsp;**2.02x** | &nbsp;&nbsp;**1.93x** |  |
| &nbsp;&nbsp;**NOI Debt Yield<sup>(4)</sup>** | &nbsp;&nbsp;**8.4%** | &nbsp;&nbsp;**10.1%** | &nbsp;&nbsp;**10.3%** | &nbsp;&nbsp;**10.4%** | &nbsp;&nbsp;**10.6%** |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) UW Rent Steps taken through March 2027.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Six of the 10 Properties that are subject to payment in lieu of taxes agreements
or other tax abatements have been underwritten to abated taxes, which total approximately $2.1 million. Unabated taxes for these six Properties
are estimated to total approximately $2.5 million.

&nbsp;&nbsp;&nbsp;&nbsp;(3) 9/30/2025 TTM Occupancy (%) is based on the underwritten rent roll dated as of March
1, 2026. UW Occupancy (%) is based on underwritten economic occupancy.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Based on the Mountain Industrial Portfolio Senior Loan. Including the Mountain Industrial
Portfolio Junior Notes, UW NCF DSCR is 1.25x and UW NOI Debt Yield is 7.6%.

**Appraisals.** According to the appraisals, the Mountain Industrial Portfolio Properties had a portfolio appraised value of $2,350,000,000 as of February 11, 2026, which is inclusive of an approximately 9.2% portfolio premium and reflects the "as-is" value of the Properties as a whole if sold in their entirety to a single buyer. Based on the aggregate "as-is" appraised values of the individual Properties (exclusive of the portfolio premium) of $2,152,070,000, the Cut-off Date LTV Ratio and Maturity Date LTV Ratio are each 54.3% for the Mountain Industrial Portfolio Senior Loan and 75.3% for the Mountain Industrial Portfolio Whole Loan.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Mountain Industrial Portfolio Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Mountain Industrial Portfolio Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Mountain Industrial Portfolio Appraised Value<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**Capitalization Rate** |
| &nbsp;&nbsp;As-Portfolio | &nbsp;&nbsp;$2350000000 | &nbsp;&nbsp;5.28% |
| &nbsp;&nbsp;Aggregate As-Is | &nbsp;&nbsp;$2152070000 | &nbsp;&nbsp;5.78% |

---

(1) Source: Appraisals.

**Environmental Matters.** According to the Phase I environmental reports dated between February 18, 2026 and February 20, 2026, certain of the Properties have one or more recognized environmental conditions or controlled recognized environmental conditions for which remediation has previously occurred or for which ongoing remediation or other risk mitigation, including environmental insurance, is required. See "*Description of the Mortgage Pool—Environmental Considerations*" in the Preliminary Prospectus.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 12 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

---

**The Market.** The Mountain Industrial Portfolio Properties are located across 57 different markets, with the largest concentrations (based on UW NOI) in Indianapolis, Indiana (7.6% of UW NOI), Columbus, Ohio (5.6% of UW NOI) and Charlotte, North Carolina (4.9% of UW NOI). The top 25 markets (by UW NOI) comprise 74.5% of portfolio NRA and 77.1% of UW NOI.

The following table presents recent market data with respect to the Mountain Industrial Portfolio Properties:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Mountain Industrial Portfolio Market Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Market, State** | &nbsp;&nbsp;**Property Count** | &nbsp;&nbsp;**NRA** | &nbsp;&nbsp;**% of<br> Portfolio<br> SF** | &nbsp;&nbsp;**Leased** | &nbsp;&nbsp;**Year Built** | &nbsp;&nbsp;**Avg. Size** | &nbsp;&nbsp;**WALT (Years)<sup>(2)</sup>** | &nbsp;&nbsp;**Clear Height** | &nbsp;&nbsp;**UW Base Rent PSF<sup>(2)</sup>** | &nbsp;&nbsp;**% of UW NOI** |
| Indianapolis, Indiana | 3 | 1614460 | 8.4% | 100.0% | 2016 | 538153 | 5.2 | 33' | $5.96 | 7.6% |
| Columbus, Ohio | 3 | 951735 | 5.0% | 100.0% | 2019 | 317245 | 5.9 | 33' | $7.47 | 5.6% |
| Charlotte, North Carolina | 3 | 862138 | 4.5% | 100.0% | 2014 | 287379 | 4.6 | 30' | $7.42 | 4.9% |
| Kansas City, Kansas | 5 | 1028166 | 5.4% | 90.6% | 2010 | 205633 | 5.3 | 29' | $6.49 | 4.4% |
| Savannah, Georgia | 2 | 958284 | 5.0% | 100.0% | 2017 | 479142 | 1.5 | 35' | $5.82 | 4.4% |
| Dallas-Fort Worth, Texas | 2 | 536191 | 2.8% | 100.0% | 2013 | 268096 | 8.3 | 31' | $9.73 | 4.2% |
| Atlanta, Georgia | 2 | 875638 | 4.6% | 75.1% | 2016 | 437819 | 14.6 | 30' | $7.74 | 4.2% |
| Trenton, New Jersey | 1 | 347145 | 1.8% | 100.0% | 2017 | 347145 | 6.1 | 31' | $15.35 | 4.1% |
| Detroit, Michigan | 3 | 490234 | 2.6% | 100.0% | 2002 | 163411 | 4.4 | 29' | $8.41 | 3.2% |
| Akron, Ohio | 2 | 587825 | 3.1% | 100.0% | 2013 | 293913 | 1.4 | 32' | $6.56 | 3.0% |
| Jefferson, Georgia | 1 | 373750 | 1.9% | 100.0% | 2018 | 373750 | 6.8 | 32' | $10.17 | 2.9% |
| Burlington, Vermont | 1 | 143979 | 0.8% | 100.0% | 2021 | 143979 | 10.1 | 32' | $22.45 | 2.5% |
| Buffalo, New York | 2 | 443657 | 2.3% | 100.0% | 2012 | 221829 | 4.4 | 29' | $7.03 | 2.4% |
| Chicago, Illinois | 4 | 380230 | 2.0% | 100.0% | 2000 | 95058 | 4.8 | 27' | $8.27 | 2.4% |
| Oklahoma City, Oklahoma | 2 | 420780 | 2.2% | 100.0% | 2018 | 210390 | 6.3 | 35' | $7.28 | 2.4% |
| Greensboro, North Carolina | 1 | 286281 | 1.5% | 100.0% | 2019 | 286281 | 9.0 | 32' | $10.48 | 2.3% |
| Lakeland, Florida | 2 | 343027 | 1.8% | 100.0% | 2014 | 171514 | 4.6 | 30' | $8.19 | 2.1% |
| Tampa, Florida | 3 | 335781 | 1.7% | 100.0% | 1998 | 111927 | 3.4 | 25' | $8.17 | 2.1% |
| Memphis, Tennessee | 2 | 684560 | 3.6% | 100.0% | 2001 | 342280 | 4.8 | 29' | $3.81 | 2.0% |
| Houston, Texas | 2 | 272471 | 1.4% | 100.0% | 2010 | 136236 | 3.4 | 25' | $9.06 | 1.9% |
| Frankfort, Kentucky | 1 | 599840 | 3.1% | 100.0% | 2014 | 599840 | 3.7 | 32' | $3.91 | 1.8% |
| Louisville, Kentucky | 1 | 558600 | 2.9% | 100.0% | 2014 | 558600 | 7.5 | 36' | $4.07 | 1.7% |
| Mobile, Alabama | 1 | 362942 | 1.9% | 100.0% | 2017 | 362942 | 2.6 | 36' | $5.98 | 1.7% |
| Saint Louis, Illinois | 3 | 485664 | 2.5% | 79.0% | 2004 | 161888 | 6.9 | 29' | $6.03 | 1.7% |
| Grand Rapids, Michigan | 1 | 343483 | 1.8% | 100.0% | 2016 | 343483 | 5.7 | 30' | $6.20 | 1.6% |
| **Total / Wtd. Avg. Top 25** | **53** | **14286861** | **74.5%** | **97.1%** | **2013** | **269563** | **5.4** | **31'** | **$7.18** | **77.1%** |
| Total / Wtd. Avg. Other | 37 | 4902750 | 25.5% | 94.1% | 2009 | &nbsp;&nbsp;&nbsp;&nbsp;132507 | 4.7 | 28' | $6.62 | 22.9% |
| **Total / Wtd. Avg.** | **90** | **19189611** | **100.0%** | **96.3%** | **2012** | **213218** | **5.3** | **30'** | **$7.04** | **100.0%** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Based on the underwritten rent roll dated March 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Weighted based on occupied SF.

**The Borrowers and the Borrower Sponsor.** The borrowers are 65 special-purpose bankruptcy-remote Delaware limited liability companies, indirectly majority owned and controlled by Industrial Logistics Properties Trust ("ILPT"), a Maryland real estate investment trust, which acts as borrower sponsor and the non-recourse carveout guarantor. Each borrower has at least one independent director in its organizational structure. Legal counsel to the borrowers is expected to deliver a non-consolidation opinion in connection with the origination of the Mountain Industrial Portfolio Whole Loan.

ILPT is a real estate investment trust focused on owning and leasing industrial and logistics properties. As of December 31, 2025, ILPT owned 409 industrial and logistics properties totaling approximately 59.6 million rentable SF, which were 94.5% leased to approximately 300 unique tenants with a weighted average remaining lease term of 7.6 years.

**Property Management**. The Mountain Industrial Portfolio Properties are managed by The RMR Group LLC.

**Initial and Ongoing Reserves.**

*Real Estate Taxes –* During a Trigger Period (as defined below), the Mountain Industrial Portfolio Whole Loan documents require an ongoing monthly deposit into a tax reserve equal to 1/12th of the tax amount that the lender reasonably estimates will be payable during the next ensuing 12 months (excluding any taxes paid by tenants in accordance with the Mountain Industrial Portfolio Mortgage Loan documents).

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 13 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

---

*Insurance* – During a Trigger Period, if the insurance covering the Mountain Industrial Portfolio Properties does not constitute an approved blanket policy, the Mountain Industrial Portfolio Whole Loan documents require an ongoing monthly deposit in an amount equal to 1/12th of the estimated annual insurance premiums (excluding any insurance premiums paid by tenants in accordance with the Mountain Industrial Portfolio Mortgage Loan documents).

*Replacements Reserve –* During a Trigger Period, the Mountain Industrial Portfolio Whole Loan documents require an ongoing monthly deposit, in an amount equal to approximately $319,827 for replacement reserves (equal to approximately $0.20 PSF annually).

*Leasing Reserve –* During a Trigger Period, the Mountain Industrial Portfolio Whole Loan documents require an ongoing monthly deposit, in an amount equal to approximately $239,870 for tenant improvements and leasing commissions (equal to approximately $0.15 PSF annually).

*Unfunded Obligations Reserve –* The Mountain Industrial Portfolio Whole Loan documents require an upfront deposit of $3,530,579 for tenant improvement allowances, landlord work, leasing commissions and rent concessions outstanding as of the origination date.

 

*Ground Lease Reserve –* During a Trigger Period, the Mountain Industrial Portfolio Whole Loan documents require an ongoing monthly deposit in an amount equal to 1/12th of the rents due under each Ground Lease (as defined below) during the next ensuing 12 months and at least 30 days prior to the respective due dates.

**Lockbox / Cash Management.** The Mountain Industrial Portfolio Whole Loan is structured with a hard lockbox and springing cash management. The borrowers are required to cause all rents to be transmitted directly by the tenants at the Mountain Industrial Portfolio Properties into a lender-controlled lockbox account. In addition, the borrowers are required to cause all rents received by the borrowers or the property manager, as applicable, to be immediately deposited into such lockbox account upon receipt. All amounts in the lockbox account are remitted on a daily basis to the borrowers at any time other than during the continuance of a Trigger Period (as defined below). Upon the occurrence and during the continuance of a Trigger Period, all amounts are required to be remitted to a lender-controlled cash management account on a daily basis to be applied and disbursed in accordance with the Mountain Industrial Portfolio Mortgage Loan documents. During the continuance of a Trigger Period, all available cash remaining after the required applications and disbursements is required to be held in a lender-controlled subaccount.

A "Trigger Period" will commence upon the earlier of the following:

&nbsp;&nbsp;&nbsp;&nbsp;(i) an
 event of default; or

&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 net cash flow debt service coverage ratio ("DSCR") falling below 1.15x for two
 consecutive calendar quarters;

A Trigger Period will end upon the occurrence of the following:

&nbsp;&nbsp;&nbsp;&nbsp;· with
 respect to clause (i) above, the cure or waiver of such event of default;

&nbsp;&nbsp;&nbsp;&nbsp;· with
 respect to clause (ii) above, the date that (a) the DSCR, as calculated in accordance with
 the Mountain Industrial Portfolio Mortgage Loan documents, is equal to or greater than 1.15x
 for two consecutive calendar quarters, (b) the borrowers prepay the Mountain Industrial Portfolio
 Whole Loan in an amount sufficient such that the DSCR is at least 1.15x, or (c) the borrowers
 deliver to the lender cash or a letter of credit, in each case in an amount which, if applied
 to the outstanding principal balance of the Mountain Industrial Portfolio Whole Loan, would
 be sufficient such that the DSCR is at least 1.15x.

**Current Mezzanine or Secured Subordinate Indebtedness.** The Mountain Industrial Portfolio Whole Loan also includes the Mountain Industrial Portfolio Junior Notes. The Mountain Industrial Portfolio Junior Notes bear interest at the weighted average interest rate of 7.291555666% *per annum*. Payments on the Mountain Industrial Portfolio Junior Notes are generally subordinate to payments on the Mountain Industrial Portfolio Senior Notes. See "*Description of the Mortgage Pool—The Whole Loans—The Mountain Industrial Portfolio Pari Passu-AB Whole Loan*" in the Preliminary Prospectus.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** | &nbsp;&nbsp;**Mountain Industrial Portfolio Total Debt Summary** |
| &nbsp;&nbsp;**Loan** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Interest Rate** | &nbsp;&nbsp;**Original Term (mos.)** | &nbsp;&nbsp;**Original Amort. Term (mos.)** | &nbsp;&nbsp;**Original IO Term (mos.)** | &nbsp;&nbsp; **Cumulative**<br> **UW NCF DSCR** | &nbsp;&nbsp; **Cumulative**<br> **UW NOI Debt Yield** | &nbsp;&nbsp; **Cumulative**<br> **Cut-off Date LTV Ratio** |
| &nbsp;&nbsp;Mountain Industrial Portfolio Senior Loan | &nbsp;&nbsp;$1169400000 | &nbsp;&nbsp;5.096767533% | &nbsp;&nbsp;60 | &nbsp;&nbsp;0 | &nbsp;&nbsp;60 | &nbsp;&nbsp;1.93x | &nbsp;&nbsp;10.6% | &nbsp;&nbsp;49.8% |
| &nbsp;&nbsp;Mountain Industrial Portfolio Junior Notes | &nbsp;&nbsp;$450600000 | &nbsp;&nbsp;7.291555666% | &nbsp;&nbsp;60 | &nbsp;&nbsp;0 | &nbsp;&nbsp;60 | &nbsp;&nbsp;1.25x | &nbsp;&nbsp;7.6% | &nbsp;&nbsp;68.9% |
| &nbsp;&nbsp;**Total/Wtd. Avg.** | &nbsp;&nbsp;**$1620000000** | &nbsp;&nbsp;**5.707243788%** |  |  |  |  |  |  |

---

**Permitted Future Mezzanine or Secured Subordinate Indebtedness.** Not permitted

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 14 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Industrial – Various<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 1<br> **Mountain Industrial Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $67,500,000<br> 49.8%<br> 1.93x<br> 10.6% |

---

**Release of Collateral.** The borrowers have the right, on or after May 11, 2028, to obtain the release of any of the Properties upon prepayment of a release amount equal to the lesser of (a) the outstanding principal amount of the Mountain Industrial Portfolio Whole Loan and (b) an amount equal to the allocated loan amount for such Property multiplied by (1) one hundred five percent (105%) until such time that the outstanding principal balance of the Mountain Industrial Portfolio Whole Loan has been reduced to $1,134,000,000 and (2) thereafter, one hundred ten percent (110%) together with, if prior to the open prepayment period, a prepayment fee (the "Release Prepayment Fee") equal to the greater of (x) 1.00% of the amount prepaid and (y) a yield maintenance premium , and satisfaction of certain conditions, including among others (i) the debt yield after giving effect to the release is not less than the greater of 7.55% and the debt yield immediately preceding the release and (ii) satisfaction of REMIC related conditions. If the debt yield requirement above is not satisfied, the borrowers may satisfy such requirement by (1) prepaying the Mountain Industrial Portfolio Whole Loan in an amount sufficient to satisfy such debt yield requirement or (2) depositing cash collateral or a letter of credit with the lender in an amount sufficient to satisfy such debt yield requirement. In addition, even if the debt yield requirement is not satisfied, so long as the release is in connection with an arm's -length third party transfer, the borrowers may nevertheless obtain the release of the related Property upon payment of an amount equal to the greater of (I) the applicable release amount and (if prior to the open period) the Release Prepayment Fee and (II) the lesser of (x) 100% of the net sales proceeds of the released property and (y) an amount necessary to, after giving effect to such release, satisfy the debt yield requirement, together with (if prior to the open period) the Release Prepayment Fee.

In addition, the borrowers have the right to obtain the release of any of the related Properties in order to cure a default related to such Property or an event of default, in each case as to which the lender has delivered notice but only if (i)(I) prior to releasing such Property, the borrowers use commercially reasonable efforts to cure such default or event of default (which efforts will not require any capital contributions to be made to the borrowers or include any obligations of such borrowers or the non-recourse carveout guarantor to use any operating income or rents from any Property other than the Property that is the subject of the default or event of default to effectuate such cure) or (II) such event of default related to an environmental condition at any Property and (ii) such default or event of default was not caused by the borrowers or an affiliate of the borrowers in bad faith to circumvent the release requirements in the Mountain Industrial Portfolio Whole Loan. In connection with any such release the borrowers are required to satisfy the release conditions described in the prior paragraph, except that the borrowers will not be required to satisfy the debt yield requirements described in such paragraph.

**Ground Leases.** The Mountain Industrial Portfolio Property known as the 7569 Golf Course Boulevard property located in Punta Gorda, Florida (0.2% of the allocated loan amount) is ground leased by the related borrower (the "Punta Gorda Ground Lease"). The initial term of the Punta Gorda Ground Lease commenced on June 15, 2007 and will expire on June 30, 2037. The term of the Punta Gorda Ground Lease may be extended for three additional 10-year periods. The current base rent payable under the Punta Gorda Ground Lease is approximately $5,622 *per annum* and will be in effect until June 30, 2027 and is subject to escalations during the remainder of the initial term and for subsequent renewal terms.

The Mountain Industrial Portfolio Property known as the 246 Glasson Drive property located in Corpus Christi, Texas (0.3% of the allocated loan amount) is ground leased by the related borrower (the "Corpus Christi Ground Lease," and together with the Punta Gorda Ground Lease, the "Ground Leases"). The initial term of the Corpus Christi Ground Lease commenced on December 12, 2010 and will expire on December 11, 2040. The term of the Punta Gorda Ground Lease may be extended for two additional 10-year periods. The current base rent payable under the Punta Gorda Ground Lease is approximately $2,835 *per annum* and will be in effect until August 31, 2026 and is subject to escalations during the remainder of the initial term and for subsequent renewal terms.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 15 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

![](n5868prets_img004.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 16 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

![](n5868prets_img005.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 17 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Properties Information** | &nbsp;&nbsp;**Properties Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;CREFI | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Portfolio |
| &nbsp;&nbsp;**Loan Purpose<sup>(1)</sup>:** | &nbsp;&nbsp;Refinance / Acquisition | &nbsp;&nbsp;**Properties Type – Subtype:** | &nbsp;&nbsp;Self Storage - Self Storage |
| &nbsp;&nbsp;**Borrower Sponsor(s):** | &nbsp;&nbsp;Amsdell Group, LLC | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s)<sup>(2)</sup>:** | &nbsp;&nbsp;Various | &nbsp;&nbsp;**Location<sup>(5)</sup>:** | &nbsp;&nbsp;Various, Various |
| &nbsp;&nbsp;**Original Balance<sup>(3)</sup>:** | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;**Year Built / Renovated<sup>(5)</sup>:** | &nbsp;&nbsp;Various / Various |
| &nbsp;&nbsp;**Cut-off Date Balance<sup>(3)</sup>:** | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;Compass Self Storage, LLC |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;8.7% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;1,111,354 SF |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;5.85000% | &nbsp;&nbsp;**Appraised Value / Per SF:** | &nbsp;&nbsp;$180,610,000 / $163 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;February 12, 2026 | &nbsp;&nbsp;**Appraisal Date:** | &nbsp;&nbsp;Various |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy<sup>(6)</sup>:** | &nbsp;&nbsp;83.5% (as of various dates) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;86.3% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI:** | &nbsp;&nbsp;$10802509 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$10671896 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;April 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;March 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type<sup>(3)</sup>:** | &nbsp;&nbsp;*Pari Passu* | &nbsp;&nbsp;**Most Recent NOI<sup>(7)</sup>:** | &nbsp;&nbsp;$10,753,973 (TTM Various) |
| &nbsp;&nbsp;**Additional Debt Balance<sup>(3)</sup>:** | &nbsp;&nbsp;$53200000 | &nbsp;&nbsp;**2024 NOI:** | &nbsp;&nbsp;$11126186 |
| &nbsp;&nbsp;**Call Protection:** | &nbsp;&nbsp;L(26),D(27),O(7) | &nbsp;&nbsp;**2023 NOI<sup>(8)</sup>:** | &nbsp;&nbsp;$10083992 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Springing / Springing | &nbsp;&nbsp;**2022 NOI:** | &nbsp;&nbsp;NAV |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(4)</sup>** | &nbsp;&nbsp;**Reserves<sup>(4)</sup>** | &nbsp;&nbsp;**Reserves<sup>(4)</sup>** | &nbsp;&nbsp;**Reserves<sup>(4)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(3)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(3)</sup>** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / SF:** | &nbsp;&nbsp;$106 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$148430 | &nbsp;&nbsp;$74215 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / SF:** | &nbsp;&nbsp;$106 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | &nbsp;&nbsp;65.4% |
| &nbsp;&nbsp;**Replacement Reserves:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$10884 | &nbsp;&nbsp;$391840 | &nbsp;&nbsp;**Maturity Date LTV:** | &nbsp;&nbsp;65.4% |
| &nbsp;&nbsp;**Deferred Maintenance:** | &nbsp;&nbsp;$83192 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | &nbsp;&nbsp;9.1% |
|  |  |  |  | &nbsp;&nbsp;**UW NCF DSCR:** | &nbsp;&nbsp;1.52x |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Whole Loan<sup>(3)</sup> | &nbsp;&nbsp;$118200000 | &nbsp;&nbsp;86.1% | &nbsp;&nbsp;Purchase Price<sup>(1)</sup> | &nbsp;&nbsp;$103833250 | &nbsp;&nbsp;75.6% |
| &nbsp;&nbsp;Borrower Sponsor Equity | &nbsp;&nbsp;19158925 | &nbsp;&nbsp;13.9 | &nbsp;&nbsp;Loan Payoff<sup>(1)</sup> | &nbsp;&nbsp;32042051 | &nbsp;&nbsp;23.3 |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;1252002 | &nbsp;&nbsp;0.9 |
|  |  |  | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;231622 | &nbsp;&nbsp;0.2 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$137358925** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$137358925** | &nbsp;&nbsp;**100.0%** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Loan proceeds were used to acquire eight properties between December 2025 and January 2026 and to refinance
seven properties in February 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(2) See "*The Borrowers and the Borrower Sponsor*" below.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Compass Storage National Portfolio Mortgage Loan (as defined below) is part of the Compass Storage
National Portfolio Whole Loan (as defined below), which is comprised of four *pari passu* promissory notes with an aggregate original
principal balance of $118,200,000. Financial Information presented above is based on the Compass Storage National Portfolio Whole Loan.

&nbsp;&nbsp;&nbsp;&nbsp;(4) See "*Initial and Ongoing Reserves*" below for further discussion of reserve information.

&nbsp;&nbsp;&nbsp;&nbsp;(5) See "*Portfolio Summary*" below.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Occupancy dates are as of the underwritten rent rolls dated between November 30, 2025 and January 15,
2026. &nbsp;&nbsp;&nbsp;&nbsp;(7) Most Recent NOI represents the rolled up NOI as of various trailing twelve month periods ending between
September 30, 2025 and December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(8) 2023 NOI excludes NOI attributable to the Carolina Forest and Warrensville Heights properties, as financials
were not available due to their recent acquisitions. In addition, 2023 NOI includes T-7 annualized NOIs for the Liberty and New Hampton
properties and T-6 annualized NOI for the Middletown property because these properties were acquisitions and the related sellers only
provided partial year financials for 2023. The increase from 2023 NOI to 2024 NOI is primarily attributable to including financials for
the Carolina Forest and Warrensville Heights properties.

**The Loan.** The second largest mortgage loan (the "**<u>Compass Storage National Portfolio Mortgage Loan</u>**") is part of a whole loan (the **"<u>Compass Storage National Portfolio Whole Loan</u>"**) evidenced by four *pari passu* promissory notes that are secured by the borrowers' fee interests in 15 self-storage properties, totaling 8,636 units and 1,111,354 square feet, located across Ohio, Indiana, New York, Kentucky, Pennsylvania, South Carolina, and Tennessee (the "**<u>Compass Storage National Portfolio Properties</u>**"). The Compass Storage National Portfolio Whole Loan was originated on February 12, 2026 by Citi Real Estate Funding Inc. ("**<u>CREFI</u>**"). The Compass Storage National Portfolio Whole Loan has an initial term of five years, is interest-only for the full term and accrues interest at a fixed rate of 5.85000% *per annum* on an actual/360 basis. The scheduled maturity date of the Compass Storage National Portfolio Whole Loan is

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 18 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

March 6, 2031. The Compass Storage National Portfolio Mortgage Loan is evidenced by the controlling Note A-1 with an outstanding principal balance of $65,000,000.

The table below identifies the promissory notes that comprise the Compass Storage National Portfolio Whole Loan. The relationship between the holders of the Compass Storage National Portfolio Whole Loan is governed by a co-lender agreement as described under "*Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans"* in the Preliminary Prospectus. The Compass Storage National Portfolio Whole Loan will be serviced under the pooling and servicing agreement for the Benchmark 2026-V22 securitization trust. See "*The Pooling and Servicing Agreement*" in the Preliminary Prospectus.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** |
| &nbsp;&nbsp;**Note** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Cut-off Date Balance** | &nbsp;&nbsp;**Note Holder** | &nbsp;&nbsp;**Controlling Piece** |
| &nbsp;&nbsp;**A-1** | &nbsp;&nbsp;**$65000000** | &nbsp;&nbsp;**$65000000** | &nbsp;&nbsp;**Benchmark 2026-V22** | &nbsp;&nbsp;**Yes** |
| &nbsp;&nbsp;A-2 | &nbsp;&nbsp;$20000000 | &nbsp;&nbsp;$20000000 | &nbsp;&nbsp;BMO 2026-5C14 | &nbsp;&nbsp;No |
| &nbsp;&nbsp;A-3 | &nbsp;&nbsp;$20000000 | &nbsp;&nbsp;$20000000 | &nbsp;&nbsp;BBCMS 2026-5C41<sup>(1)</sup> | &nbsp;&nbsp;No |
| &nbsp;&nbsp;A-4 | &nbsp;&nbsp;$13200000 | &nbsp;&nbsp;$13200000 | &nbsp;&nbsp;BBCMS 2026-5C41<sup>(1)</sup> | &nbsp;&nbsp;No |
| &nbsp;&nbsp;**Whole Loan** | &nbsp;&nbsp;**$118200000** | &nbsp;&nbsp;**$118200000** |  |  |

---

(1) The BBCMS 2026-5C41 securitization is expected to close on or about May 21, 2026.

**The Properties.** The Compass Storage National Portfolio Properties consist of 15 self-storage properties, totaling 8,636 units and 1,111,354 square feet, located across New York, Ohio, Indiana, Kentucky, Pennsylvania, Tennessee and South Carolina. The Compass Storage National Portfolio Properties were built between 1954 and 2024 and have an average facility size of approximately 74,090 square feet. As of the rent rolls dated between November 30, 2025 and January 15, 2026, the Compass Storage National Portfolio Properties were 83.5% occupied with an underwritten weighted average revenue per available square foot ("**<u>RevPAF</u>**") of $14.62. The Compass Storage National Portfolio Properties' unit mix includes 4,808 non-climate controlled storage units, 3,461 climate-controlled units, and 367 other units, and no individual property accounts for more than 10.9% of UW NOI or 12.5% of total net rentable area.

The following table presents certain information relating to the Compass Storage National Portfolio Properties:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** |
| **Property Name** | **City, State** | **Year Built / Renovated<sup>(1)</sup>** | **Allocated Whole Loan Amounts ($)** | **Total SF<sup>(2)</sup>** | **Total Occ. %<sup>(2)</sup>** | **As-is Appraised Value<sup>(1)</sup>** | **UW NOI<sup>(2)</sup>** | **% of UW NOI** |
| Liberty | Liberty, NY | 2004, 2006, 2020-2024 / NAP | $12700000 | 74250 | 87.3% | $20200000 | $1170952 | 10.8% |
| New Hampton | New Hampton, NY | 1999 / NAP | $12700000 | 76386 | 90.2% | $19700000 | $1179583 | 10.9% |
| Philadelphia | Philadelphia, PA | 1960 / 2016 | $10950000 | 112756 | 77.9% | $19300000 | $970494 | 9.0% |
| Shelbyville | Shelbyville, TN | 2005 / 2009 | $9300000 | 138959 | 80.1% | $13250000 | $931994 | 8.6% |
| Middletown | Middletown, NY | 2007 / NAP | $9250000 | 44335 | 89.0% | $14800000 | $804437 | 7.4% |
| Carolina Forest | Myrtle Beach, SC | 2019 / NAP | $9200000 | 67201 | 94.7% | $13700000 | $823054 | 7.6% |
| Michigan City | Michigan City, IN | 1998 / NAP | $7400000 | 71175 | 92.2% | $11450000 | $663212 | 6.1% |
| Merrillville | Merrillville, IN | 2006 / NAP | $7400000 | 86485 | 87.9% | $10610000 | $659434 | 6.1% |
| Cincinnati I | Cincinnati, OH | 2001 / NAP | $6900000 | 62200 | 76.3% | $9700000 | $674642 | 6.2% |
| Florence | Florence, KY | 1999 / NAP | $6600000 | 64840 | 80.2% | $9500000 | $590937 | 5.5% |
| Warrensville Heights | Warrensville Heights, OH | 2013 / NAP | $6500000 | 44050 | 89.2% | $9200000 | $581341 | 5.4% |
| Cincinnati II | Cincinnati, OH | 1954, 1971, 1998 / NAP | $5400000 | 66154 | 80.1% | $7800000 | $503868 | 4.7% |
| South Bend | South Bend, IN | 1996 / NAP | $4950000 | 81700 | 76.2% | $7700000 | $451848 | 4.2% |
| Hebron | Hebron, KY | 1998 / NAP | $4700000 | 51041 | 84.5% | $7300000 | $411461 | 3.8% |
| Hamilton | Hamilton, OH | 1999 / NAP | $4250000 | 69822 | 75.9% | $6400000 | $385250 | 3.6% |
| **Total** |  |  | **$118200000** | **1111354** | **83.5%** | **$180610000** | **$10802509** | **100.0%** |

---

(1) Source: Appraisals.

(2) Based on the underwritten rent rolls dated between November 30, 2025 and January 15, 2026. Total Occ. % presented above is based on
total SF. Occupancy based on self-storage units is 82.2%.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 19 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

The following table presents certain information relating to the unit mix at the Compass Storage National Portfolio Properties:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** | **Compass Storage National Portfolio Properties Unit Mix<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Available Units** | &nbsp;&nbsp;**% of Available Units** | &nbsp;&nbsp;**Available SF** | &nbsp;&nbsp;**% of Available SF** | &nbsp;&nbsp;**% of Climate Controlled Self-Storage Units** | &nbsp;&nbsp;**% of Climate Controlled Self-Storage SF** | &nbsp;&nbsp;**Current Occupancy<sup>(2)</sup>** | &nbsp;&nbsp;**TTM RevPAF<sup>(3)</sup>** |
| &nbsp;&nbsp;Liberty | &nbsp;&nbsp;604 | &nbsp;&nbsp;7.0% | &nbsp;&nbsp;74250 | &nbsp;&nbsp;6.7% | &nbsp;&nbsp;50.7% | &nbsp;&nbsp;46.2% | &nbsp;&nbsp;87.3% | &nbsp;&nbsp;$21.97 |
| &nbsp;&nbsp;New Hampton | &nbsp;&nbsp;618 | &nbsp;&nbsp;7.2% | &nbsp;&nbsp;76386 | &nbsp;&nbsp;6.9% | &nbsp;&nbsp;27.2% | &nbsp;&nbsp;28.5% | &nbsp;&nbsp;90.2% | &nbsp;&nbsp;$20.55 |
| &nbsp;&nbsp;Philadelphia | &nbsp;&nbsp;1163 | &nbsp;&nbsp;13.5% | &nbsp;&nbsp;112756 | &nbsp;&nbsp;10.1% | &nbsp;&nbsp;89.5% | &nbsp;&nbsp;77.7% | &nbsp;&nbsp;77.9% | &nbsp;&nbsp;$15.02 |
| &nbsp;&nbsp;Shelbyville | &nbsp;&nbsp;922 | &nbsp;&nbsp;10.7% | &nbsp;&nbsp;138959 | &nbsp;&nbsp;12.5% | &nbsp;&nbsp;14.8% | &nbsp;&nbsp;5.2% | &nbsp;&nbsp;80.1% | &nbsp;&nbsp;$9.29 |
| &nbsp;&nbsp;Middletown | &nbsp;&nbsp;453 | &nbsp;&nbsp;5.2% | &nbsp;&nbsp;44335 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;42.6% | &nbsp;&nbsp;33.8% | &nbsp;&nbsp;89.0% | &nbsp;&nbsp;$25.12 |
| &nbsp;&nbsp;Carolina Forest | &nbsp;&nbsp;608 | &nbsp;&nbsp;7.0% | &nbsp;&nbsp;67201 | &nbsp;&nbsp;6.0% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;94.7% | &nbsp;&nbsp;$18.46 |
| &nbsp;&nbsp;Michigan City | &nbsp;&nbsp;554 | &nbsp;&nbsp;6.4% | &nbsp;&nbsp;71175 | &nbsp;&nbsp;6.4% | &nbsp;&nbsp;29.4% | &nbsp;&nbsp;20.1% | &nbsp;&nbsp;92.2% | &nbsp;&nbsp;$13.68 |
| &nbsp;&nbsp;Merrillville | &nbsp;&nbsp;597 | &nbsp;&nbsp;6.9% | &nbsp;&nbsp;86485 | &nbsp;&nbsp;7.8% | &nbsp;&nbsp;34.5% | &nbsp;&nbsp;22.7% | &nbsp;&nbsp;87.9% | &nbsp;&nbsp;$12.00 |
| &nbsp;&nbsp;Cincinnati I | &nbsp;&nbsp;454 | &nbsp;&nbsp;5.3% | &nbsp;&nbsp;62200 | &nbsp;&nbsp;5.6% | &nbsp;&nbsp;11.9% | &nbsp;&nbsp;12.9% | &nbsp;&nbsp;76.3% | &nbsp;&nbsp;$16.04 |
| &nbsp;&nbsp;Florence | &nbsp;&nbsp;467 | &nbsp;&nbsp;5.4% | &nbsp;&nbsp;64840 | &nbsp;&nbsp;5.8% | &nbsp;&nbsp;18.2% | &nbsp;&nbsp;13.1% | &nbsp;&nbsp;80.2% | &nbsp;&nbsp;$13.19 |
| &nbsp;&nbsp;Warrensville Heights | &nbsp;&nbsp;410 | &nbsp;&nbsp;4.7% | &nbsp;&nbsp;44050 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;89.2% | &nbsp;&nbsp;$24.37 |
| &nbsp;&nbsp;Cincinnati II | &nbsp;&nbsp;440 | &nbsp;&nbsp;5.1% | &nbsp;&nbsp;66154 | &nbsp;&nbsp;6.0% | &nbsp;&nbsp;5.2% | &nbsp;&nbsp;0.9% | &nbsp;&nbsp;80.1% | &nbsp;&nbsp;$11.35 |
| &nbsp;&nbsp;South Bend | &nbsp;&nbsp;567 | &nbsp;&nbsp;6.6% | &nbsp;&nbsp;81700 | &nbsp;&nbsp;7.4% | &nbsp;&nbsp;12.0% | &nbsp;&nbsp;9.0% | &nbsp;&nbsp;76.2% | &nbsp;&nbsp;$9.30 |
| &nbsp;&nbsp;Hebron | &nbsp;&nbsp;349 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;51041 | &nbsp;&nbsp;4.6% | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;84.5% | &nbsp;&nbsp;$12.22 |
| &nbsp;&nbsp;Hamilton | &nbsp;&nbsp;430 | &nbsp;&nbsp;5.0% | &nbsp;&nbsp;69822 | &nbsp;&nbsp;6.3% | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;75.9% | &nbsp;&nbsp;$9.05 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**8636** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**1111354** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**40.1%** | &nbsp;&nbsp;**30.2%** | &nbsp;&nbsp;**83.5%** | &nbsp;&nbsp;**$14.62** |

---

(1) Based on the underwritten rent rolls dated between November 30, 2025 and January
15, 2026.

(2) Current Occupancy presented above is based on total SF. Current Occupancy for the
Compass Storage National Portfolio based on self-storage units is 82.2%.

(3) TTM RevPAF is as of various trailing twelve month periods ending between September
30, 2025 and December 31, 2025.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 20 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

The following table presents certain information relating to the historical operating performance and Underwritten Net Cash Flow at the Compass Storage National Portfolio Properties:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** |
|  | **2023<sup>(2)</sup>** | **2024<sup>(2)</sup>** | **TTM<sup>(3)</sup>** | **UW** | **UW Per SF** |
| &nbsp;&nbsp;Storage Rental Income | &nbsp;&nbsp;$14491953 | &nbsp;&nbsp;$16616467 | &nbsp;&nbsp;$16293407 | &nbsp;&nbsp;$15680754 | &nbsp;&nbsp;$14.11 |
| &nbsp;&nbsp;Discounts | &nbsp;&nbsp;(366268) | &nbsp;&nbsp;(483821) | &nbsp;&nbsp;(425692) | &nbsp;&nbsp;(409216) | &nbsp;&nbsp;($0.37) |
| &nbsp;&nbsp;Credit Loss | &nbsp;&nbsp;(296077) | &nbsp;&nbsp;(290177) | &nbsp;&nbsp;(290348) | &nbsp;&nbsp;(281560) | &nbsp;&nbsp;($0.25) |
| &nbsp;&nbsp;**Net Rental Income** | &nbsp;&nbsp;**$13829607** | &nbsp;&nbsp;**$15842468** | &nbsp;&nbsp;**$15577366** | &nbsp;&nbsp;**$14989979** | &nbsp;&nbsp;**$13.49** |
| &nbsp;&nbsp;Vacancy Gross Up | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$2741112 | &nbsp;&nbsp;$2.47 |
| &nbsp;&nbsp;**Gross Potential Rent** | &nbsp;&nbsp;**$13829607** | &nbsp;&nbsp;**$15842468** | &nbsp;&nbsp;**$15577366** | &nbsp;&nbsp;**$17731091** | &nbsp;&nbsp;**$15.95** |
| &nbsp;&nbsp;Vacancy | &nbsp;&nbsp;($228760) | &nbsp;&nbsp;($273506) | &nbsp;&nbsp;($277928) | &nbsp;&nbsp;($2431652) | &nbsp;&nbsp;($2.19) |
| &nbsp;&nbsp;Insurance Revenue | &nbsp;&nbsp;191595 | &nbsp;&nbsp;224454 | &nbsp;&nbsp;231785 | &nbsp;&nbsp;231785 | &nbsp;&nbsp;$0.21 |
| &nbsp;&nbsp;Merchandise | &nbsp;&nbsp;57649 | &nbsp;&nbsp;61095 | &nbsp;&nbsp;57335 | &nbsp;&nbsp;57335 | &nbsp;&nbsp;$0.05 |
| &nbsp;&nbsp;Other Income<sup>(4)</sup> | &nbsp;&nbsp;660285 | &nbsp;&nbsp;637584 | &nbsp;&nbsp;654772 | &nbsp;&nbsp;654772 | &nbsp;&nbsp;$0.59 |
| &nbsp;&nbsp;**Effective Gross Income** | &nbsp;&nbsp;**$14510376** | &nbsp;&nbsp;**$16492095** | &nbsp;&nbsp;**$16243331** | &nbsp;&nbsp;**$16243331** | &nbsp;&nbsp;**$14.62** |
| &nbsp;&nbsp;Management Fee | &nbsp;&nbsp;$680140 | &nbsp;&nbsp;$804874 | &nbsp;&nbsp;$795234 | &nbsp;&nbsp;$705168 | &nbsp;&nbsp;$0.63 |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;873166 | &nbsp;&nbsp;1106166 | &nbsp;&nbsp;1100398 | &nbsp;&nbsp;1284080 | &nbsp;&nbsp;$1.16 |
| &nbsp;&nbsp;Insurance | &nbsp;&nbsp;160761 | &nbsp;&nbsp;237988 | &nbsp;&nbsp;260162 | &nbsp;&nbsp;213841 | &nbsp;&nbsp;$0.19 |
| &nbsp;&nbsp;Payroll | &nbsp;&nbsp;1221907 | &nbsp;&nbsp;1350604 | &nbsp;&nbsp;1416039 | &nbsp;&nbsp;1320209 | &nbsp;&nbsp;$1.19 |
| &nbsp;&nbsp;General & Administrative | &nbsp;&nbsp;553988 | &nbsp;&nbsp;642541 | &nbsp;&nbsp;604338 | &nbsp;&nbsp;604338 | &nbsp;&nbsp;$0.54 |
| &nbsp;&nbsp;Other Expenses<sup>(5)</sup> | &nbsp;&nbsp;936422 | &nbsp;&nbsp;1223736 | &nbsp;&nbsp;1313186 | &nbsp;&nbsp;1313186 | &nbsp;&nbsp;$1.18 |
| &nbsp;&nbsp;**Total Expenses** | &nbsp;&nbsp;**$4426384** | &nbsp;&nbsp;**$5365909** | &nbsp;&nbsp;**$5489358** | &nbsp;&nbsp;**$5440822** | &nbsp;&nbsp;**$4.90** |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$10083992** | &nbsp;&nbsp;**$11126186** | &nbsp;&nbsp;**$10753973** | &nbsp;&nbsp;**$10802509** | &nbsp;&nbsp;**$9.72** |
| &nbsp;&nbsp;Replacement Reserves | &nbsp;&nbsp;$128181 | &nbsp;&nbsp;$130613 | &nbsp;&nbsp;$130613 | &nbsp;&nbsp;$130613 | &nbsp;&nbsp;$0.12 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$9955811** | &nbsp;&nbsp;**$10995573** | &nbsp;&nbsp;**$10623360** | &nbsp;&nbsp;**$10671896** | &nbsp;&nbsp;**$9.60** |
| &nbsp;&nbsp;**Occupancy<sup>(6)</sup>** | &nbsp;&nbsp;**NAV** | &nbsp;&nbsp;**NAV** | &nbsp;&nbsp;**NAV** | &nbsp;&nbsp;**86.3%<sup>(6)</sup>** |  |
| &nbsp;&nbsp;**NOI Debt Yield<sup>(7)</sup>** | &nbsp;&nbsp;**8.5%** | &nbsp;&nbsp;**9.4%** | &nbsp;&nbsp;**9.1%** | &nbsp;&nbsp;**9.1%** |  |
| &nbsp;&nbsp;**NCF DSCR<sup>(7)</sup>** | &nbsp;&nbsp;**1.42x** | &nbsp;&nbsp;**1.57x** | &nbsp;&nbsp;**1.52x** | &nbsp;&nbsp;**1.52x** |  |

---

(1) Based on the underwritten rent rolls dated between November 30, 2025 and January
15, 2026.

(2) 2023 Net Operating Income excludes Net Operating Income attributable to the Carolina
Forest and Warrensville Heights properties, as financials were not available due to their recent acquisitions. In addition, 2023 Net Operating
Income includes T-7 annualized NOIs for the Liberty and New Hampton properties and T-6 annualized NOI for the Middletown property because
these properties were acquisitions and the related sellers only provided partial year financials for 2023. The increase from 2023 Net
Operating Income to 2024 Net Operating Income is primarily attributable to including financials for the Carolina Forest and Warrensville
Heights properties.

(3) TTM represents the T-12 cash flows ending between September 2025 and December 2025
for the 15 assets.

(4) Other Income consists of administrative fees, late fees, truck rental income, service
charges, and convenience fee payments.

(5) Other Expenses include utilities, marketing, repairs and maintenance expenses and
cost of sales.

(6) 2023, 2024, and TTM Historical Occupancies are not available because the borrower
sponsor recently acquired eight of the Compass Storage National Portfolio Properties between December 2025 and January 2026. Underwritten
Occupancy represents the economic occupancy.

(7) NOI Debt Yield and NCF DSCR are calculated based on the Compass Storage National
Portfolio Whole Loan.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 21 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

**Appraisals.** According to the appraisals as of various dates between September 29, 2025 and January 12, 2026, the Compass Storage National Portfolio Properties had an aggregate "as is" appraised value of $180,610,000.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Appraisal Valuation Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Appraisal Valuation Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Appraisal Valuation Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**As Is Value** | &nbsp;&nbsp;**Capitalization Rate** |
| &nbsp;&nbsp;Liberty | &nbsp;&nbsp;$20200000 | &nbsp;&nbsp;5.50% |
| &nbsp;&nbsp;New Hampton | &nbsp;&nbsp;$19700000 | &nbsp;&nbsp;5.50% |
| &nbsp;&nbsp;Philadelphia | &nbsp;&nbsp;$19300000 | &nbsp;&nbsp;5.33% |
| &nbsp;&nbsp;Middletown | &nbsp;&nbsp;$14800000 | &nbsp;&nbsp;5.25% |
| &nbsp;&nbsp;Carolina Forest | &nbsp;&nbsp;$13700000 | &nbsp;&nbsp;5.75% |
| &nbsp;&nbsp;Shelbyville | &nbsp;&nbsp;$13250000 | &nbsp;&nbsp;7.00% |
| &nbsp;&nbsp;Michigan City | &nbsp;&nbsp;$11450000 | &nbsp;&nbsp;6.50% |
| &nbsp;&nbsp;Merrillville | &nbsp;&nbsp;$10610000 | &nbsp;&nbsp;6.50% |
| &nbsp;&nbsp;Cincinnati I | &nbsp;&nbsp;$9700000 | &nbsp;&nbsp;6.14% |
| &nbsp;&nbsp;Florence | &nbsp;&nbsp;$9500000 | &nbsp;&nbsp;6.15% |
| &nbsp;&nbsp;Warrensville Heights | &nbsp;&nbsp;$9200000 | &nbsp;&nbsp;6.00% |
| &nbsp;&nbsp;Cincinnati II | &nbsp;&nbsp;$7800000 | &nbsp;&nbsp;6.18% |
| &nbsp;&nbsp;South Bend | &nbsp;&nbsp;$7700000 | &nbsp;&nbsp;6.75% |
| &nbsp;&nbsp;Hebron | &nbsp;&nbsp;$7300000 | &nbsp;&nbsp;6.25% |
| &nbsp;&nbsp;Hamilton | &nbsp;&nbsp;$6400000 | &nbsp;&nbsp;6.16% |
| &nbsp;&nbsp;**Total / Wtd. Avg.** | &nbsp;&nbsp;**$180610000** | &nbsp;&nbsp;**5.94%** |

---

(1) Source: Appraisals.

**Environmental Matters.** According to the Phase I environmental reports dated between October 10, 2025 and January 22, 2026, there was no evidence of any recognized environmental conditions at 14 of the 15 Compass Storage National Portfolio Properties. According to the Phase I environmental report dated October 10, 2025, there was a controlled recognized environmental condition at the Middletown Mortgaged Property relating to a release of diesel fuel to groundwater from an underground storage tank in 2001. See "*Description of the Mortgage Pool—Environmental Considerations*" in the Preliminary Prospectus.

**The Market.** The Compass Storage National Portfolio Properties are located within New York (three properties, 29.2% of underwritten NOI), Ohio (four properties, 19.9% of underwritten NOI), Indiana (three properties, 16.4% of underwritten NOI), Kentucky (two properties, 9.3% of underwritten NOI), Pennsylvania (one property, 9.0% of underwritten NOI), Tennessee (one property, 8.6% of underwritten NOI), and South Carolina (one property, 7.6% of underwritten NOI).

The following table presents certain geographical information relating to the Compass Storage National Portfolio Properties:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Geographic Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Geographic Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Geographic Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Geographic Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Geographic Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Geographic Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**State** | &nbsp;&nbsp;**Number of Properties** | &nbsp;&nbsp;**Square Feet** | &nbsp;&nbsp;**% of Total Square Feet** | &nbsp;&nbsp;**UW NOI** | &nbsp;&nbsp;**% of UW NOI** |
| &nbsp;&nbsp;New York | &nbsp;&nbsp;3 | &nbsp;&nbsp;194971 | &nbsp;&nbsp;17.5% | &nbsp;&nbsp;$3154972 | &nbsp;&nbsp;29.2% |
| &nbsp;&nbsp;Ohio | &nbsp;&nbsp;4 | &nbsp;&nbsp;242226 | &nbsp;&nbsp;21.8% | &nbsp;&nbsp;$2145102 | &nbsp;&nbsp;19.9% |
| &nbsp;&nbsp;Indiana | &nbsp;&nbsp;3 | &nbsp;&nbsp;239360 | &nbsp;&nbsp;21.5% | &nbsp;&nbsp;$1774494 | &nbsp;&nbsp;16.4% |
| &nbsp;&nbsp;Kentucky | &nbsp;&nbsp;2 | &nbsp;&nbsp;115881 | &nbsp;&nbsp;10.4% | &nbsp;&nbsp;$1002398 | &nbsp;&nbsp;9.3% |
| &nbsp;&nbsp;Pennsylvania | &nbsp;&nbsp;1 | &nbsp;&nbsp;112756 | &nbsp;&nbsp;10.1% | &nbsp;&nbsp;$970494 | &nbsp;&nbsp;9.0% |
| &nbsp;&nbsp;Tennessee | &nbsp;&nbsp;1 | &nbsp;&nbsp;138959 | &nbsp;&nbsp;12.5% | &nbsp;&nbsp;$931994 | &nbsp;&nbsp;8.6% |
| &nbsp;&nbsp;South Carolina | &nbsp;&nbsp;1 | &nbsp;&nbsp;67201 | &nbsp;&nbsp;6.0% | &nbsp;&nbsp;$823054 | &nbsp;&nbsp;7.6% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**15** | &nbsp;&nbsp;**1111354** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**$10802509** | &nbsp;&nbsp;**100.0%** |

---

(1) Based on the underwritten rent rolls dated between November 30, 2025 and January
15, 2026.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 22 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

---

The following table includes certain information regarding the demographics of each immediate trade area for the individual Compass Storage National Portfolio Properties:

 ****

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Demographic Summary<sup>(1)</sup>** | **Demographic Summary<sup>(1)</sup>** | **Demographic Summary<sup>(1)</sup>** | **Demographic Summary<sup>(1)</sup>** | **Demographic Summary<sup>(1)</sup>** | **Demographic Summary<sup>(1)</sup>** | **Demographic Summary<sup>(1)</sup>** | **Demographic Summary<sup>(1)</sup>** |
|  |  | **Population<sup>(2)</sup>** | **Population<sup>(2)</sup>** | **Population<sup>(2)</sup>** | **Median Household Income<sup>(2)</sup>** | **Median Household Income<sup>(2)</sup>** | **Median Household Income<sup>(2)</sup>** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Location** | &nbsp;&nbsp;**1-Mile** | &nbsp;&nbsp;**3-Mile** | &nbsp;&nbsp;**5-Mile** | &nbsp;&nbsp;**1-Mile** | &nbsp;&nbsp;**3-Mile** | &nbsp;&nbsp;**5-Mile** |
| &nbsp;&nbsp;Liberty | &nbsp;&nbsp;Liberty, NY | &nbsp;&nbsp;NAV | &nbsp;&nbsp;NAV | &nbsp;&nbsp;14158 | &nbsp;&nbsp;NAV | &nbsp;&nbsp;NAV | &nbsp;&nbsp;$84511 |
| &nbsp;&nbsp;New Hampton | &nbsp;&nbsp;New Hampton, NY | &nbsp;&nbsp;442 | &nbsp;&nbsp;14561 | &nbsp;&nbsp;63802 | &nbsp;&nbsp;$156091 | &nbsp;&nbsp;$119339 | &nbsp;&nbsp;$113200 |
| &nbsp;&nbsp;Philadelphia | &nbsp;&nbsp;Philadelphia, PA | &nbsp;&nbsp;31070 | &nbsp;&nbsp;293840 | &nbsp;&nbsp;706692 | &nbsp;&nbsp;$85658 | &nbsp;&nbsp;$105772 | &nbsp;&nbsp;$94976 |
| &nbsp;&nbsp;Shelbyville | &nbsp;&nbsp;Shelbyville, TN | &nbsp;&nbsp;NAV | &nbsp;&nbsp;NAV | &nbsp;&nbsp;31969 | &nbsp;&nbsp;NAV | &nbsp;&nbsp;NAV | &nbsp;&nbsp;$72881 |
| &nbsp;&nbsp;Middletown | &nbsp;&nbsp;Middletown, NY | &nbsp;&nbsp;10589 | &nbsp;&nbsp;45056 | &nbsp;&nbsp;67083 | &nbsp;&nbsp;$89984 | &nbsp;&nbsp;$101470 | &nbsp;&nbsp;$109187 |
| &nbsp;&nbsp;Carolina Forest | &nbsp;&nbsp;Myrtle Beach, SC | &nbsp;&nbsp;6064 | &nbsp;&nbsp;37468 | &nbsp;&nbsp;67080 | &nbsp;&nbsp;$106554 | &nbsp;&nbsp;$114739 | &nbsp;&nbsp;$107136 |
| &nbsp;&nbsp;Michigan City | &nbsp;&nbsp;Michigan City, IN | &nbsp;&nbsp;5711 | &nbsp;&nbsp;34563 | &nbsp;&nbsp;45807 | &nbsp;&nbsp;$72771 | &nbsp;&nbsp;$69588 | &nbsp;&nbsp;$78263 |
| &nbsp;&nbsp;Merrillville | &nbsp;&nbsp;Merrillville, IN | &nbsp;&nbsp;714 | &nbsp;&nbsp;10548 | &nbsp;&nbsp;75028 | &nbsp;&nbsp;$102983 | &nbsp;&nbsp;$97754 | &nbsp;&nbsp;$97688 |
| &nbsp;&nbsp;Cincinnati I | &nbsp;&nbsp;Cincinnati, OH | &nbsp;&nbsp;5066 | &nbsp;&nbsp;69384 | &nbsp;&nbsp;227954 | &nbsp;&nbsp;$173103 | &nbsp;&nbsp;$133687 | &nbsp;&nbsp;$109864 |
| &nbsp;&nbsp;Florence | &nbsp;&nbsp;Florence, KY | &nbsp;&nbsp;6027 | &nbsp;&nbsp;60836 | &nbsp;&nbsp;137359 | &nbsp;&nbsp;$69197 | &nbsp;&nbsp;$97781 | &nbsp;&nbsp;$109326 |
| &nbsp;&nbsp;Warrensville Heights | &nbsp;&nbsp;Warrensville Heights, OH | &nbsp;&nbsp;7151 | &nbsp;&nbsp;60113 | &nbsp;&nbsp;181595 | &nbsp;&nbsp;$62298 | &nbsp;&nbsp;$106892 | &nbsp;&nbsp;$118053 |
| &nbsp;&nbsp;Cincinnati II | &nbsp;&nbsp;Cincinnati, OH | &nbsp;&nbsp;7042 | &nbsp;&nbsp;49813 | &nbsp;&nbsp;116473 | &nbsp;&nbsp;$81580 | &nbsp;&nbsp;$110690 | &nbsp;&nbsp;$114159 |
| &nbsp;&nbsp;South Bend | &nbsp;&nbsp;South Bend, IN | &nbsp;&nbsp;811 | &nbsp;&nbsp;10791 | &nbsp;&nbsp;49493 | &nbsp;&nbsp;$123446 | &nbsp;&nbsp;$96413 | &nbsp;&nbsp;$81837 |
| &nbsp;&nbsp;Hebron | &nbsp;&nbsp;Hebron, KY | &nbsp;&nbsp;NAV | &nbsp;&nbsp;22339 | &nbsp;&nbsp;61457 | &nbsp;&nbsp;NAV | &nbsp;&nbsp;$139177 | &nbsp;&nbsp;$126548 |
| &nbsp;&nbsp;Hamilton | &nbsp;&nbsp;Hamilton, OH | &nbsp;&nbsp;NAV | &nbsp;&nbsp;41062 | &nbsp;&nbsp;144633 | &nbsp;&nbsp;NAV | &nbsp;&nbsp;$108480 | &nbsp;&nbsp;$115233 |
| &nbsp;&nbsp;**Wtd. Avg. (based on UW NOI)** |  | &nbsp;&nbsp;**8034** | &nbsp;&nbsp;**65750** | &nbsp;&nbsp;**138772** | &nbsp;&nbsp;**105568** | &nbsp;&nbsp;**107891** | &nbsp;&nbsp;**100276** |

---

(1) Source: Appraisals.

(2) Population and Median Household Income are 2025 estimates for the Liberty, New Hampton, Middletown,
Carolina Forest and Warrensville Heights properties. The remaining properties are based on 2024 estimates.

**The Borrowers and the Borrower Sponsor.** The borrowers are Amsdell Storage Ventures 93, LLC, Amsdell Storage Ventures 94, LLC, Amsdell Storage Ventures 95, LLC, Amsdell Storage Ventures 96, LLC, Amsdell Storage Ventures V, LLC, Amsdell Storage Ventures VI, LLC and Amsdell Storage Ventures XLIII, LLC, each a Delaware limited liability company and single purpose entity with one independent director in its organizational structure. Legal counsel to the borrowers delivered a non-consolidation opinion in connection with the origination of the Compass Storage National Portfolio Whole Loan.

The non-recourse carveout guarantor is Todd C. Amsdell, who is the president and Chief Executive Officer of the borrower sponsor, Amsdell Group, LLC ("**<u>Amsdell</u>**"). Founded in 1928, Amsdell is a full service, privately owned real estate company, specializing in the construction, development and management of self-storage facilities, business parks, and related commercial real estate, with a portfolio of 119 self-storage properties located across 15 states.

**Property Management**. The Compass Storage National Portfolio Properties are managed by Compass Self Storage, LLC, a borrower-affiliated property management company.

**Initial and Ongoing Reserves.** At origination of the Compass Storage National Portfolio Whole Loan, the borrowers deposited approximately (i) $148,430 into a reserve account for real estate taxes and (ii) $83,192 into a reserve account for immediate repairs.

*Tax Reserve*. The borrowers are required to deposit into a real estate tax reserve, on a monthly basis, 1/12th of the taxes that the lender estimates will be payable over the next-ensuing 12-month period (initially estimated to be approximately $74,215 per month).

*Insurance Reserve*. At the option of the lender, if the insurance policies which cover the Compass Storage National Portfolio Properties (or any portion thereof) do not constitute an approved blanket or umbrella policy pursuant to the Compass Storage National Portfolio Whole Loan documents, or the lender requires the applicable borrower(s) to obtain a separate policy, the borrowers are required to deposit into an insurance reserve, on a monthly basis, 1/12th of an amount which would be sufficient to pay the insurance premiums due for the renewal of the coverage afforded by such policies upon the expiration thereof. At origination of the Compass Storage National Portfolio Whole Loan, an acceptable blanket policy was in place.

*Replacement Reserve*. The borrowers are required to deposit into a replacement reserve, on a monthly basis, an amount equal to approximately $10,884; provided, however, the borrowers will have no obligation to make the replacement reserve monthly deposit on

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 23 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 2<br> **Compass Storage National<br> Portfolio** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 65.4%<br> 1.52x<br> 9.1% |

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any monthly payment date if the balance of the replacement reserve funds equals or exceeds 36 months of replacement reserve monthly deposits.

 ****

**Lockbox / Cash Management.** The Compass Storage National Portfolio Whole Loan is structured with a springing lockbox and springing cash management. Upon the first occurrence of a Trigger Period (as defined below), the borrowers are required to establish a lender-controlled lockbox account for the Compass Storage National Portfolio Properties (the "**<u>Restricted Account</u>**") and thereafter, the borrowers are required to (i) immediately deposit (or cause the property manager to immediately deposit) all revenue derived from the Compass Storage National Portfolio Properties into the Restricted Account and (ii) instruct the property manager to deposit, within three business days, all revenue derived from the Compass Storage National Portfolio Properties collected by the property manager (other than any tenant insurance premium collected by the property manager pursuant to a self-storage lease on behalf of a third-party tenant insurance provider) and all funds otherwise payable to the borrowers by the property manager into the Restricted Account. All funds deposited into the Restricted Account are required to be transferred on each business day to the borrowers, unless a Trigger Period exists, in which case the funds are required to be transferred each business day to a lender-controlled cash management account to be applied and disbursed in accordance with the Compass Storage National Portfolio Whole Loan documents, and all excess cash flow funds remaining in the cash management account after the application of such funds in accordance with the Compass Storage National Portfolio Whole Loan documents are required to be held by the lender in an excess cash flow reserve account as additional collateral for the Compass Storage National Portfolio Whole Loan. Upon the cure of the applicable Trigger Period, the lender is required to return any amounts remaining on deposit in the excess cash flow reserve account to the borrowers. Upon an event of default under the Compass Storage National Portfolio Whole Loan documents, the lender may apply funds to the debt in such priority as it may determine.

"**Trigger Period**" means a period (A) commencing upon the earliest of (i) the occurrence and continuance of an event of default under the Compass Storage National Portfolio Whole Loan documents, or (ii) the date that the debt service coverage ratio falls below 1.15x and (B) expiring upon (x) with regard to clause (A)(i) above, the cure (if applicable) of such event of default, and (y) with regard to clause (A)(ii) above, the date that the debt service coverage ratio is equal to or greater than 1.20x for two consecutive calendar quarters.

**Current Mezzanine or Secured Subordinate Indebtedness.** None.

**Permitted Future Mezzanine or Secured Subordinate Indebtedness.** Not permitted.

**Release of Collateral.** The borrowers have the right at any time (x) after the earlier of (a) the end of the two-year period commencing on the closing date of the last securitization involving any portion of the Compass Storage National Portfolio Whole Loan and (b) February 12, 2030, and (y) before September 6, 2030, to obtain the release of any one or more of the individual Compass Storage National Portfolio Properties, provided that, among other conditions, (i) the Compass Storage National Portfolio Whole Loan is partially defeased in an amount equal to the greater of (a) 120% of the allocated loan amount of the related individual Compass Storage National Portfolio Properties being released and (b) the net sales proceeds applicable to such individual Compass Storage National Portfolio Properties, (ii) after giving effect to the release, the debt service coverage ratio with respect to the remaining Compass Storage National Portfolio Properties must be greater than the greater of (a) the debt service coverage ratio of all the related Compass Storage National Portfolio Properties immediately prior to the release, and (b) 1.52x, (iii) after giving effect to the release, the debt yield with respect to the remaining Compass Storage National Portfolio Properties must be greater than the greater of (a) the debt yield of all the related Compass Storage National Portfolio Properties immediately prior to the release, and (b) 9.04%, (iv) after giving effect to the release, the loan-to-value ratio with respect to the remaining Compass Storage National Portfolio Properties must be no greater than the lesser of (a) the loan-to-value ratio with respect to all of the related Compass Storage National Portfolio Properties immediately prior to the release, and (b) 65.4% and (v) compliance with REMIC related conditions.

In addition, the borrowers have the right, without prepayment or defeasance, but subject to compliance with REMIC related conditions,: to (i) make transfers of immaterial portions of the Compass Storage National Portfolio Properties to governmental authorities for dedication or public use or to third parties for private use as roadways or for access, ingress or egress, and (ii) grant easements, restrictions, covenants, reservations and rights of way in the ordinary course of business for signage, use, access, utilities, and telecommunications leases, provided that no such grant, conveyance or encumbrance may materially impair the utility and operation of the Compass Storage National Portfolio Properties or has a material adverse effect on the related individual Compass Storage National Portfolio Property or the ability of the related borrower to perform its obligations under the Compass Storage National Portfolio Whole Loan.

**Ground Lease.** None.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 24 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Hospitality – Full Service<br> 8201-8209, 8215 and 8221 West<br> Sunset Boulevard and 8220 and 8224<br> Monteel Road<br> Los Angeles, CA 90046 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 3<br> **Chateau Marmont** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 51.6%<br> 2.12x<br> 16.2% |

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![](n5868prets_img006.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 25 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Hospitality – Full Service<br> 8201-8209, 8215 and 8221 West<br> Sunset Boulevard and 8220 and 8224<br> Monteel Road<br> Los Angeles, CA 90046 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 3<br> **Chateau Marmont** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 51.6%<br> 2.12x<br> 16.2% |

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![](n5868prets_img007.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 26 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Hospitality – Full Service<br> 8201-8209, 8215 and 8221 West<br> Sunset Boulevard and 8220 and 8224<br> Monteel Road<br> Los Angeles, CA 90046 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 3<br> **Chateau Marmont** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 51.6%<br> 2.12x<br> 16.2% |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Property Information** | &nbsp;&nbsp;**Property Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;CREFI | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Single Asset |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Refinance | &nbsp;&nbsp;**Property Type – Subtype:** | &nbsp;&nbsp;Hospitality – Full Service |
| &nbsp;&nbsp;**Borrower Sponsor(s):** | &nbsp;&nbsp;André Balazs | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s):** | &nbsp;&nbsp;Chateau Property Holdings, LLC | &nbsp;&nbsp;**Location:** | &nbsp;&nbsp;Los Angeles, CA |
| &nbsp;&nbsp;**Original Balance:** | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;**Year Built / Renovated:** | &nbsp;&nbsp;1923, 1928, 1930, 1950 / 2013-2025 |
| &nbsp;&nbsp;**Cut-off Date Balance:** | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;Chateau 99 Management Ltd. |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;8.7% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;63 Rooms |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;6.51000% | &nbsp;&nbsp;**Appraised Value / Per Room:** | &nbsp;&nbsp;$126,000,000 / $2,000,000 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;March 24, 2026 | &nbsp;&nbsp;**Appraisal Date:** | &nbsp;&nbsp;February 27, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy:** | &nbsp;&nbsp;76.6% (as of February 28, 2026) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;76.6% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI:** | &nbsp;&nbsp;$10524484 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$9095490 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;May 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;April 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Most Recent NOI:** | &nbsp;&nbsp;$10,592,525 (TTM February 28, 2026) |
| &nbsp;&nbsp;**Additional Debt Balance:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**2025 NOI:** | &nbsp;&nbsp;$8750024 |
| &nbsp;&nbsp;**Call Protection:** | &nbsp;&nbsp;L(25),YM1(28),O(7) | &nbsp;&nbsp;**2024 NOI<sup>(2)</sup>:** | &nbsp;&nbsp;$8166985 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Springing / Springing | &nbsp;&nbsp;**2023 NOI<sup>(2)</sup>:** | &nbsp;&nbsp;$4253420 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Financial Information** | &nbsp;&nbsp;**Financial Information** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / Room:** | &nbsp;&nbsp;$1031746 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$26075 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / Room:** | &nbsp;&nbsp;$1031746 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | &nbsp;&nbsp;51.6% |
| &nbsp;&nbsp;**FF&E:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$119083 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date LTV:** | &nbsp;&nbsp;51.6% |
| &nbsp;&nbsp;**Deferred Maintenance:** | &nbsp;&nbsp;$123375 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | &nbsp;&nbsp;16.2% |
|  |  |  |  | &nbsp;&nbsp;**UW NCF DSCR:** | &nbsp;&nbsp;2.12x |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Mortgage Loan | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;Loan Payoff | &nbsp;&nbsp;$53594988 | &nbsp;&nbsp;82.5% |
|  |  |  | &nbsp;&nbsp;Sponsor Equity | &nbsp;&nbsp;7728289 | &nbsp;&nbsp;11.9 |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;3553348 | &nbsp;&nbsp;5.5 |
|  |  |  | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;123375 | &nbsp;&nbsp;0.2 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$65000000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$65000000** | &nbsp;&nbsp;**100.0%** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) See "*Initial and Ongoing Reserves*" below for further discussion of reserve information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The increase from 2023 NOI to 2024 NOI is primarily attributable to the continued recovery of the Los
Angeles hospitality market following the onset of the COVID-19 pandemic.

**The Loan.** The third largest mortgage loan (the "**<u>Chateau Marmont Mortgage Loan</u>**") is secured by the borrower's fee interest in a 63-room, full service hotel located in Los Angeles, California (the "**<u>Chateau Marmont Property</u>**"). The Chateau Marmont Mortgage Loan was originated on March 24, 2026 by CREFI. The Chateau Marmont Mortgage Loan is evidenced by one promissory note with an outstanding principal balance as of the Cut-off Date of $65,000,000. The Chateau Marmont Mortgage Loan has an initial term of five years, is interest-only for the full term and accrues interest at a fixed rate of 6.51000% *per annum* on an Actual/360 basis. The scheduled maturity date of the Chateau Marmont Mortgage Loan is April 6, 2031.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 27 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Hospitality – Full Service<br> 8201-8209, 8215 and 8221 West<br> Sunset Boulevard and 8220 and 8224<br> Monteel Road<br> Los Angeles, CA 90046 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 3<br> **Chateau Marmont** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 51.6%<br> 2.12x<br> 16.2% |

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**The Property.** The Chateau Marmont Property is a seven-story, 63-room, full-service boutique hotel located on the border of West Hollywood and the City of Los Angeles, California, immediately adjacent to the Sunset Strip. Originally developed as a luxury residential complex, the Chateau Marmont Property was constructed in multiple phases between 1923 and 1950, with architectural inspiration drawn from a French chateau. The Chateau Marmont Property has undergone multiple renovation programs over its operating history, including $7,286,656 of capital improvements completed between 2019 and 2025, which included guestroom upgrades, interior refurbishments, enhanced amenities, public areas, and building systems. Today, the Chateau Marmont Property operates as a boutique luxury hotel and is designated as a Los Angeles Historical-Cultural Landmark, having received landmark status in 1976.

Primary demand generators for the Chateau Marmont Property include the Hollywood and West Hollywood entertainment industry, encompassing major film and television studios, production companies, and talent agencies, as well as corporate and creative-industry offices throughout West Hollywood and Beverly Hills. Additional demand is supported by luxury retail, dining, and nightlife along the Sunset Strip, proximity to Beverly Hills, recurring awards-season and entertainment-driven events, and sustained domestic and international leisure travel to the Los Angeles market. According to a third-party market research report, estimated demand segmentation for the Chateau Marmont Property is approximately 90.0% transient and 10.0% group.

The Chateau Marmont Property consists of a seven-story main building, four standalone bungalows, and a two-story cottages building, with valet parking provided by a subterranean garage. In total, the Chateau Marmont Property contains 11 standard guestrooms, 39 suites, nine cottages, and four bungalows. The majority of units feature full kitchens (with the exception of the 11 standard guestrooms), with select accommodations offering formal dining rooms, balconies, and private terraces. Amenities at the Chateau Marmont Property include a 100-seat full-service restaurant with a formal dining room and garden terrace, an outdoor heated pool with pool deck, approximately 12,769 square feet of indoor and outdoor meeting and event space, a private courtyard, same-day dry cleaning and laundry services, limousine and chauffeur-driven transportation, and a fitness room with private trainers.

The following table presents certain information relating to the estimated 2025 demand analysis with respect to the Chateau Marmont Property based on market segmentation, as provided by a third-party market research report:

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** | &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** | &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** | &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Rooms** | &nbsp;&nbsp;**Transient** | &nbsp;&nbsp;**Group** |
| &nbsp;&nbsp;Chateau Marmont | &nbsp;&nbsp;63 | &nbsp;&nbsp;90.0% | &nbsp;&nbsp;10.0% |

---

(1) Source: Appraisal.

The following table presents certain information relating to the current and historical Occupancy, ADR and RevPAR at the Chateau Marmont Property and its competitors:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**Chateau Marmont <sup>(2)</sup>** | &nbsp;&nbsp;**Chateau Marmont <sup>(2)</sup>** | &nbsp;&nbsp;**Chateau Marmont <sup>(2)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)</sup>** | &nbsp;&nbsp;**Penetration Factor<sup>(4)</sup>** | &nbsp;&nbsp;**Penetration Factor<sup>(4)</sup>** | &nbsp;&nbsp;**Penetration Factor<sup>(4)</sup>** |
| &nbsp;&nbsp;**Period** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** |
| &nbsp;&nbsp;2023 | &nbsp;&nbsp;74.2% | &nbsp;&nbsp;$904.21 | &nbsp;&nbsp;$670.52 | &nbsp;&nbsp;57.4% | &nbsp;&nbsp;$1068.20 | &nbsp;&nbsp;$612.94 | &nbsp;&nbsp;129.2% | &nbsp;&nbsp;84.6% | &nbsp;&nbsp;109.4% |
| &nbsp;&nbsp;2024 | &nbsp;&nbsp;80.0% | &nbsp;&nbsp;$1067.60 | &nbsp;&nbsp;$853.80 | &nbsp;&nbsp;61.8% | &nbsp;&nbsp;$1035.43 | &nbsp;&nbsp;$640.31 | &nbsp;&nbsp;129.3% | &nbsp;&nbsp;103.1% | &nbsp;&nbsp;133.3% |
| &nbsp;&nbsp;2025 | &nbsp;&nbsp;75.4% | &nbsp;&nbsp;$1167.42 | &nbsp;&nbsp;$880.09 | &nbsp;&nbsp;61.3% | &nbsp;&nbsp;$1082.95 | &nbsp;&nbsp;$664.30 | &nbsp;&nbsp;122.9% | &nbsp;&nbsp;107.8% | &nbsp;&nbsp;132.5% |
| &nbsp;&nbsp;TTM 2/28/2026 | &nbsp;&nbsp;76.6% | &nbsp;&nbsp;$1176.72 | &nbsp;&nbsp;$901.52 | &nbsp;&nbsp;62.1% | &nbsp;&nbsp;$1078.40 | &nbsp;&nbsp;$669.24 | &nbsp;&nbsp;123.5% | &nbsp;&nbsp;109.1% | &nbsp;&nbsp;134.7% |

---

(1) Variances between the underwriting, the appraisal and the above table with respect to Occupancy, ADR and
RevPAR at the Chateau Marmont Property are attributable to variances in reporting methodologies and/or timing differences.

(2) Occupancy, ADR and RevPAR for the Chateau Marmont Property are based on the underwritten cash flow.

(3) Occupancy, ADR and RevPAR for the competitive set are based on data provided by a third-party hospitality
research report. The competitive set consists of: Hotel Bel-Air, Dorchester Collection, Beverly Wilshire, Beverly Hills, A Four Seasons
Hotel, Four Seasons Hotel Los Angeles at Beverly Hills, The Peninsula Beverly Hills, The Maybourne Beverly Hills, Waldorf Astoria Beverly
Hills, and The Beverly Hills Hotel Dorchester Collection.

(4) Penetration Factor is calculated based on the underwritten cash flow and competitive set data provided
by a third-party hospitality research report.

 ****

 ****

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 28 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Hospitality – Full Service<br> 8201-8209, 8215 and 8221 West<br> Sunset Boulevard and 8220 and 8224<br> Monteel Road<br> Los Angeles, CA 90046 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 3<br> **Chateau Marmont** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 51.6%<br> 2.12x<br> 16.2% |

---

The following table presents certain information relating to the operating history and underwritten cash flows of the Chateau Marmont Property:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** |
|  | &nbsp;&nbsp;**2023<sup>(1)</sup>** | &nbsp;&nbsp;**2024<sup>(1)</sup>** | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**TTM 2/26/2026** | &nbsp;&nbsp;**UW** | &nbsp;&nbsp;**UW Per<br> Room<sup>(2)</sup>** |
| &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;74.2% | &nbsp;&nbsp;80.0% | &nbsp;&nbsp;75.4% | &nbsp;&nbsp;76.6% | &nbsp;&nbsp;76.6% |  |
| &nbsp;&nbsp;ADR | &nbsp;&nbsp;$904.21 | &nbsp;&nbsp;$1067.60 | &nbsp;&nbsp;$1167.42 | &nbsp;&nbsp;$1176.72 | &nbsp;&nbsp;$1176.72 |  |
| &nbsp;&nbsp;RevPar | &nbsp;&nbsp;$670.52 | &nbsp;&nbsp;$853.80 | &nbsp;&nbsp;$880.09 | &nbsp;&nbsp;$901.52 | &nbsp;&nbsp;$901.52 |  |
| &nbsp;&nbsp;Rooms Revenue | &nbsp;&nbsp;$14570443 | &nbsp;&nbsp;$19062028 | &nbsp;&nbsp;$19971000 | &nbsp;&nbsp;$20673771 | &nbsp;&nbsp;$20673771 | &nbsp;&nbsp;$328155 |
| &nbsp;&nbsp;Food & Beverage Revenue | &nbsp;&nbsp;8137169 | &nbsp;&nbsp;13293326 | &nbsp;&nbsp;14264136 | &nbsp;&nbsp;15051078 | &nbsp;&nbsp;15051078 | &nbsp;&nbsp;$238906 |
| &nbsp;&nbsp;Events Revenue | &nbsp;&nbsp;3206748 | &nbsp;&nbsp;5606513 | &nbsp;&nbsp;6584394 | &nbsp;&nbsp;7016988 | &nbsp;&nbsp;7016988 | &nbsp;&nbsp;$111381 |
| &nbsp;&nbsp;Other Revenue<sup>(3)</sup> | &nbsp;&nbsp;2535704 | &nbsp;&nbsp;2784326 | &nbsp;&nbsp;3252493 | &nbsp;&nbsp;3501886 | &nbsp;&nbsp;3544883 | &nbsp;&nbsp;$56268 |
| &nbsp;&nbsp;**Total Revenue** | &nbsp;&nbsp;**$28450065** | &nbsp;&nbsp;**$40746192** | &nbsp;&nbsp;**$44072024** | &nbsp;&nbsp;**$46243723** | &nbsp;&nbsp;**$46286720** | &nbsp;&nbsp;**$734710** |
| &nbsp;&nbsp;Rooms Expense | &nbsp;&nbsp;$3686010 | &nbsp;&nbsp;$5093982 | &nbsp;&nbsp;$5541420 | &nbsp;&nbsp;$5467072 | &nbsp;&nbsp;$5467072 | &nbsp;&nbsp;$86779 |
| &nbsp;&nbsp;Food & Beverage Expense | &nbsp;&nbsp;8324979 | &nbsp;&nbsp;12153330 | &nbsp;&nbsp;13027378 | &nbsp;&nbsp;13173036 | &nbsp;&nbsp;13173036 | &nbsp;&nbsp;$209096 |
| &nbsp;&nbsp;Events Expense | &nbsp;&nbsp;1216692 | &nbsp;&nbsp;2700624 | &nbsp;&nbsp;2510922 | &nbsp;&nbsp;2510969 | &nbsp;&nbsp;2510969 | &nbsp;&nbsp;$39857 |
| &nbsp;&nbsp;Other Departmental Expenses<sup>(4)</sup> | &nbsp;&nbsp;845044 | &nbsp;&nbsp;1371707 | &nbsp;&nbsp;1786659 | &nbsp;&nbsp;1828083 | &nbsp;&nbsp;1828083 | &nbsp;&nbsp;$29017 |
| &nbsp;&nbsp;**Departmental Expenses** | &nbsp;&nbsp;**$14072725** | &nbsp;&nbsp;**$21319643** | &nbsp;&nbsp;**$22866379** | &nbsp;&nbsp;**$22979159** | &nbsp;&nbsp;**$22979159** | &nbsp;&nbsp;**$364749** |
| &nbsp;&nbsp;**Departmental Profit** | &nbsp;&nbsp;**$14377340** | &nbsp;&nbsp;**$19426550** | &nbsp;&nbsp;**$21205645** | &nbsp;&nbsp;**$23264564** | &nbsp;&nbsp;**$23307561** | &nbsp;&nbsp;**$369961** |
| &nbsp;&nbsp;Management Fee | &nbsp;&nbsp;$1609638 | &nbsp;&nbsp;$2335785 | &nbsp;&nbsp;$2521304 | &nbsp;&nbsp;$2650246 | &nbsp;&nbsp;$2650246 | &nbsp;&nbsp;$42067 |
| &nbsp;&nbsp;Administrative & General | &nbsp;&nbsp;3741763 | &nbsp;&nbsp;3728407 | &nbsp;&nbsp;4082249 | &nbsp;&nbsp;4028319 | &nbsp;&nbsp;4028319 | &nbsp;&nbsp;$63942 |
| &nbsp;&nbsp;Operations & Maintenance | &nbsp;&nbsp;2390974 | &nbsp;&nbsp;2299220 | &nbsp;&nbsp;2733488 | &nbsp;&nbsp;2815520 | &nbsp;&nbsp;2815520 | &nbsp;&nbsp;$44691 |
| &nbsp;&nbsp;Other Undistributed Expenses<sup>(5)</sup> | &nbsp;&nbsp;1132446 | &nbsp;&nbsp;1488069 | &nbsp;&nbsp;1344705 | &nbsp;&nbsp;1355587 | &nbsp;&nbsp;1356115 | &nbsp;&nbsp;$21526 |
| &nbsp;&nbsp;**Total Undistributed Expenses** | &nbsp;&nbsp;**$8874821** | &nbsp;&nbsp;**$9851481** | &nbsp;&nbsp;**$10681747** | &nbsp;&nbsp;**$10849672** | &nbsp;&nbsp;**$10850200** | &nbsp;&nbsp;**$172225** |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;$333721 | &nbsp;&nbsp;$364400 | &nbsp;&nbsp;$462273 | &nbsp;&nbsp;$482280 | &nbsp;&nbsp;$486455 | &nbsp;&nbsp;$7722 |
| &nbsp;&nbsp;Property Insurance | &nbsp;&nbsp;915376 | &nbsp;&nbsp;1043683 | &nbsp;&nbsp;1311601 | &nbsp;&nbsp;1340086 | &nbsp;&nbsp;1446422 | &nbsp;&nbsp;$22959 |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$4253420** | &nbsp;&nbsp;**$8166985** | &nbsp;&nbsp;**$8750024** | &nbsp;&nbsp;**$10592525** | &nbsp;&nbsp;**$10524484** | &nbsp;&nbsp;**$167055** |
| &nbsp;&nbsp;FF&E | &nbsp;&nbsp;$908304 | &nbsp;&nbsp;$1294214 | &nbsp;&nbsp;$1369405 | &nbsp;&nbsp;$1428994 | &nbsp;&nbsp;$1428994 | &nbsp;&nbsp;$22682 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$3345116** | &nbsp;&nbsp;**$6872771** | &nbsp;&nbsp;**$7380619** | &nbsp;&nbsp;**$9163531** | &nbsp;&nbsp;**$9095490** | &nbsp;&nbsp;**$144373** |
| &nbsp;&nbsp;**NCF DSCR** | &nbsp;&nbsp;**0.78x** | &nbsp;&nbsp;**1.60x** | &nbsp;&nbsp;**1.72x** | &nbsp;&nbsp;**2.14x** | &nbsp;&nbsp;**2.12x** |  |
| &nbsp;&nbsp;**NOI Debt Yield** | &nbsp;&nbsp;**6.5%** | &nbsp;&nbsp;**12.6%** | &nbsp;&nbsp;**13.5%** | &nbsp;&nbsp;**16.3%** | &nbsp;&nbsp;**16.2%** |  |

---

(1) The increase in Net Operating Income from 2023 to 2024 is primarily attributable
to the continued recovery of the Los Angeles hospitality market following the onset of the COVID-19 pandemic.

(2) Per Room values are based on 63 rooms.

(3) Other Revenue includes proceeds from valet income, billboard income, revenues generated
from the retail shop, laundry and movie rentals.

(4) Other Departmental Expenses include expenses associated with valet expenses and
all costs associated with the hotel's various other and minor operated departments.

(5) Other Undistributed Expenses include marketing and franchise fees, and heat, power
and light expenses.

**Appraisal.** According to the appraisal, the Chateau Marmont Property had an "as-is" appraised value of $126,000,000 as of February 27, 2026. The table below shows the appraisal's "as-is" conclusions:

---

| | | |
|:---|:---|:---|
| **Chateau Marmont Appraised Value<sup>(1)</sup>** | **Chateau Marmont Appraised Value<sup>(1)</sup>** | **Chateau Marmont Appraised Value<sup>(1)</sup>** |
| **Property** | **Appraised Value** | **Capitalization Rate** |
| &nbsp;&nbsp;Chateau Marmont | &nbsp;&nbsp;$126000000 | &nbsp;&nbsp;5.40% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Source: Appraisal.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 29 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Hospitality – Full Service<br> 8201-8209, 8215 and 8221 West<br> Sunset Boulevard and 8220 and 8224<br> Monteel Road<br> Los Angeles, CA 90046 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 3<br> **Chateau Marmont** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 51.6%<br> 2.12x<br> 16.2% |

---

**Environmental.** According to the Phase I environmental assessment dated March 12, 2026, there were no recognized environmental conditions at the Chateau Marmont Property.

**The Market.** The Chateau Marmont Property is located at 8201-8209, 8215 and 8221 West Sunset Boulevard and 8220 and 8224 Monteel Road in the Hollywood/West Hollywood submarket of the Los Angeles metropolitan area. The Chateau Marmont Property is situated immediately north of Sunset Boulevard and is primarily accessed via Marmont Lane, providing direct connectivity to the Sunset Strip while maintaining access to major regional thoroughfares, including Sunset Boulevard, Santa Monica Boulevard, and La Cienega Boulevard, which link Hollywood, West Hollywood, Beverly Hills, West Los Angeles, and Downtown Los Angeles. Primary demand generators for the Chateau Marmont Property include the Hollywood and West Hollywood entertainment industry, encompassing major film and television studios, production companies, and talent agencies, as well as corporate and creative-industry offices throughout West Hollywood and Beverly Hills. Additional demand is supported by luxury retail, dining, and nightlife along the Sunset Strip, proximity to Beverly Hills, recurring awards-season and entertainment-driven events, and sustained domestic and international leisure travel to the Los Angeles market.

The following table presents certain information relating to the competitive set of the Chateau Marmont Property:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Number of Rooms** | &nbsp;&nbsp;**Year Opened** | &nbsp;&nbsp;**Estimated 2025 Occupancy** | &nbsp;&nbsp;**Estimated 2025 ADR** | &nbsp;&nbsp;**Estimated 2025 RevPAR** |
| &nbsp;&nbsp;**Chateau Marmont<sup>(2)</sup>** | &nbsp;&nbsp;**63** | &nbsp;&nbsp;**1927** | &nbsp;&nbsp;**76.6%** | &nbsp;&nbsp;**$1176.72** | &nbsp;&nbsp;**$901.52** |
| &nbsp;&nbsp;Beverly Hills Hotel | &nbsp;&nbsp;210 | &nbsp;&nbsp;1912 | &nbsp;&nbsp;55%-60% | &nbsp;&nbsp;$1800-$1900 | &nbsp;&nbsp;$1050-$1100 |
| &nbsp;&nbsp;Hotel Bel Air | &nbsp;&nbsp;103 | &nbsp;&nbsp;2011 | &nbsp;&nbsp;50%-55% | &nbsp;&nbsp;$1450-$1500 | &nbsp;&nbsp;$775-$800 |
| &nbsp;&nbsp;Maybourne Beverly Hills | &nbsp;&nbsp;204 | &nbsp;&nbsp;2008 | &nbsp;&nbsp;55%-60% | &nbsp;&nbsp;$925-$950 | &nbsp;&nbsp;$525-$550 |
| &nbsp;&nbsp;Peninsula Beverly Hills | &nbsp;&nbsp;195 | &nbsp;&nbsp;1991 | &nbsp;&nbsp;65%-70% | &nbsp;&nbsp;$1250-$1300 | &nbsp;&nbsp;$850-$875 |
| &nbsp;&nbsp;Beverly Wilshire, a Four Seasons Resort | &nbsp;&nbsp;395 | &nbsp;&nbsp;1929 | &nbsp;&nbsp;55%-60% | &nbsp;&nbsp;$750-$775 | &nbsp;&nbsp;$450-$475 |
| &nbsp;&nbsp;Four Seasons Hotel Los Angeles at Beverly Hills | &nbsp;&nbsp;285 | &nbsp;&nbsp;1987 | &nbsp;&nbsp;65%-70% | &nbsp;&nbsp;$750-$775 | &nbsp;&nbsp;$500-$525 |
| &nbsp;&nbsp;Waldorf Astoria Beverly Hills | &nbsp;&nbsp;170 | &nbsp;&nbsp;2017 | &nbsp;&nbsp;60%-65% | &nbsp;&nbsp;$1100-$1150 | &nbsp;&nbsp;$675-$700 |
| &nbsp;&nbsp;**Total Avg. Competitive Set** | &nbsp;&nbsp;**1625** |  | &nbsp;&nbsp;**61.6%** | &nbsp;&nbsp;**$1083.11** | &nbsp;&nbsp;**$667.54** |

---

(1) Source: Appraisal. Variances between the underwriting, the appraisal and the above
table with respect to Occupancy, ADR and RevPAR at the Chateau Marmont Property are attributable to variances in reporting methodologies
and/or timing differences.

(2) Based on the underwritten cash flow.

**The Borrower and the Borrower Sponsor.** The borrower is Chateau Property Holdings, LLC, a Delaware limited liability company and single purpose entity with one independent director in its organizational structure. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Chateau Marmont Mortgage Loan.

The borrower sponsor and non-recourse carveout guarantor is André Balazs, a United States based hotel owner and operator with experience in the ownership and development of boutique hospitality properties. André Balazs is the founder and principal of André Balazs Properties, which is a hospitality-focused platform with a portfolio including the Chateau Marmont Property, The Sunset Beach hotel in Shelter Island, New York, and the Chiltren Fire hotel in London.

**Property Management.** The Chateau Marmont Property is managed by Chateau 99 Management Ltd., a borrower affiliated management company.

**Initial and Ongoing Reserves.** At origination of the Chateau Marmont Mortgage Loan, the borrower deposited $123,375 into a deferred maintenance reserve.

*Tax Escrows –* The borrower is required to deposit into a real estate tax reserve, on a monthly basis, 1/12th of the taxes that are required to be paid by the borrower or that the lender reasonably estimates will be payable over the next-ensuing 12-month period (initially estimated to be approximately $26,075).

*Insurance Reserve* – At the lender's option, if the liability or casualty policy maintained by the borrower is not an approved blanket or umbrella policy, or the lender requires the borrower to obtain a separate policy, the borrower is required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount which would be sufficient to pay the insurance premiums due for the renewal of coverage afforded by the insurance policies. At origination of the Chateau Marmont Mortgage Loan, an acceptable blanket policy was in place.

*FF&E Reserve* – The borrower is required to deposit into a furniture, fixtures and equipment ("**<u>FF&E</u>**") reserve, on a monthly basis, an amount equal to 4.0% of the gross revenues for the hotel related operations at the Chateau Marmont Property for the most recent preceding calendar month for which the borrower has delivered a monthly operating statement as required by the Chateau Marmont

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 30 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Hospitality – Full Service<br> 8201-8209, 8215 and 8221 West<br> Sunset Boulevard and 8220 and 8224<br> Monteel Road<br> Los Angeles, CA 90046 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 3<br> **Chateau Marmont** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 51.6%<br> 2.12x<br> 16.2% |

---

Mortgage Loan documents, as reasonably determined by the lender. The initial monthly payment into the FF&E Reserve was determined to be approximately $119,083.

**Lockbox / Cash Management.** The Chateau Marmont Mortgage Loan is structured with a springing lockbox and springing cash management. On the first occurrence of a Trigger Period (as defined below), the borrower is required to establish and maintain a lender-controlled lockbox account into which the borrower is required to immediately deposit, or cause the property manager to immediately deposit, all revenue generated by the Chateau Marmont Property. Within five days after the first occurrence of a Trigger Period, the borrower is required to deliver direction letters to (i) all tenants occupying space at the Chateau Marmont Property directing them to pay all rent and other sums due under the lease to which they are a party into the lender-controlled lockbox account and (ii) each of the credit card companies or credit card clearing banks with which the borrower or property manager has entered into a merchant's or other credit card agreement directing them to pay all payments which would otherwise be paid to the borrower or property manager under the applicable credit card processing agreement into the lender-controlled lockbox account. All funds deposited into the lockbox account are required to be transferred on each business day to or at the direction of the borrower unless a Trigger Period exists, in which case, at the lender's election, all funds in the lockbox account are required to be swept on each business day to a lender-controlled cash management account to be applied and disbursed in accordance with the Chateau Marmont Mortgage Loan documents, and all excess cash flow funds remaining in the cash management account after the application of such funds in accordance with the Chateau Marmont Mortgage Loan documents are required to be held by the lender in an excess cash flow reserve account as additional collateral for the Chateau Marmont Mortgage Loan. Upon the cure of the applicable Trigger Period, so long as no event of default exists, the lender is required to return any amounts remaining on deposit in the excess cash flow reserve account to the borrower. Upon an event of default under the Chateau Marmont Mortgage Loan documents, the lender may apply funds to the Chateau Marmont Mortgage Loan in such priority as it may determine.

"**<u>Trigger Period</u>**" means the period commencing on the earliest of (i) the occurrence and continuance of an event of default, (ii) at any time after October 1, 2026, the debt service coverage ratio falling below 1.25x for one calendar quarter; provided that a Trigger Period will not be deemed to exist pursuant to this clause (ii) to the extent that the Collateral Cure Condition (as defined below) is satisfied, and (iii) the occurrence of a property manager bankruptcy event; and expiring upon (x) with respect to clause (i) above, the cure of the applicable event of default, (y) with respect to clause (ii) above, the debt service coverage ratio remaining equal to or greater than 1.30x for one calendar quarter, and (z) with respect to clause (iii) above, the borrower's replacement of the applicable property manager with a property manager and a management agreement, each approved by the lender. Hotels AB, LLC ("**<u>HotelsAB</u>**"), a borrower affiliated property manager, will be deemed to be an approved property manager provided that (i) no event of default exists, (ii) the lender has not caused the borrower to terminate a management agreement with any property manager that is an affiliate of HotelsAB, (iii) no affiliated property manager being replaced by Hotels AB is then subject to any action or proceeding under any creditor's rights law, and (iv) no event or condition exists which would give the lender the right to cause the borrower to terminate a management agreement with HotelsAB immediately upon HotelsAB assuming management of the Chateau Marmont Property.

"**<u>Collateral Cure Condition</u>**" means that the borrower provides to the lender additional collateral in the form of cash or a letter of credit, in an amount reasonably determined by the lender to be sufficient, if deducted from the outstanding principal amount of the Chateau Marmont Mortgage Loan solely for purposes of determining the debt service coverage ratio, to cause the debt service coverage ratio to be equal to or greater than 1.30x.

**Current Mezzanine or Secured Subordinate Indebtedness.** None.

**Permitted Future Mezzanine or Secured Subordinate Indebtedness.** Not permitted.

**Release of Collateral.** Not permitted.

**Ground Lease.** None.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 31 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

![](n5868prets_img008.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 32 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

![](n5868prets_img009.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 33 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Property Information** | &nbsp;&nbsp;**Property Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;GSMC | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Single Asset |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Acquisition | &nbsp;&nbsp;**Property Type – Subtype:** | &nbsp;&nbsp;Office – Suburban |
| &nbsp;&nbsp;**Borrower Sponsor:** | &nbsp;&nbsp;Estein Holdings, LTD. | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower:** | &nbsp;&nbsp;UST Pinnacle Owner, L.P. | &nbsp;&nbsp;**Location:** | &nbsp;&nbsp;Farmers Branch, TX |
| &nbsp;&nbsp;**Original Balance<sup>(1)</sup>:** | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;**Year Built / Renovated:** | &nbsp;&nbsp;1985 / 2017-2025 |
| &nbsp;&nbsp;**Cut-off Date Balance<sup>(1)</sup>:** | &nbsp;&nbsp;$65000000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;Vanderbilt Office Properties, LLC |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;8.7% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;549,076 SF |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;6.45100% | &nbsp;&nbsp;**Appraised Value / Per SF:** | &nbsp;&nbsp;$164,800,000 / $300 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;March 5, 2026 | &nbsp;&nbsp;**Appraisal Date:** | &nbsp;&nbsp;January 30, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy:** | &nbsp;&nbsp;88.6% (as of April 17, 2026) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;86.2% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI:** | &nbsp;&nbsp;$12235703 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$11725100 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;April 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;March 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type<sup>(1)</sup>*:*** | &nbsp;&nbsp;*Pari Passu* | &nbsp;&nbsp;**Most Recent NOI<sup>(3)</sup>:** | &nbsp;&nbsp;$10,365,667 (December 31, 2025) |
| &nbsp;&nbsp;**Additional Debt Balance<sup>(1)</sup>:** | &nbsp;&nbsp;$35000000 | &nbsp;&nbsp;**2024 NOI<sup>(3)</sup>:** | &nbsp;&nbsp;$6107770 |
| &nbsp;&nbsp;**Call Protection:** | &nbsp;&nbsp;L(24),YM1(29),O(7) | &nbsp;&nbsp;**2023 NOI:** | &nbsp;&nbsp;$6786268 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Hard / Springing | &nbsp;&nbsp;**2022 NOI:** | &nbsp;&nbsp;$4127402 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(1)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / SF:** | &nbsp;&nbsp;$182 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$558685 | &nbsp;&nbsp;$186228 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / SF:** | &nbsp;&nbsp;$182 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$19817 | &nbsp;&nbsp;$19817 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | &nbsp;&nbsp;60.7% |
| &nbsp;&nbsp;**Replacement Reserves:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$9167 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date LTV:** | &nbsp;&nbsp;60.7% |
| &nbsp;&nbsp;**TI / LC Reserves:** | &nbsp;&nbsp;$2500000 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | &nbsp;&nbsp;12.2% |
| &nbsp;&nbsp;**Unfunded Obligation Reserves:** | &nbsp;&nbsp;$1676522 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NCF DSCR:** | &nbsp;&nbsp;1.79x |
| &nbsp;&nbsp;**Immediate Repair:** | &nbsp;&nbsp;$11025 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Whole Loan<sup>(1)</sup> | &nbsp;&nbsp;$100000000 | &nbsp;&nbsp;59.3% | &nbsp;&nbsp;Purchase Price | &nbsp;&nbsp;$163300000 | &nbsp;&nbsp;96.8% |
| &nbsp;&nbsp;Principal Equity Contribution | &nbsp;&nbsp;68747023 | &nbsp;&nbsp;40.7 | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;4766049 | &nbsp;&nbsp;2.8 |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;680974 | &nbsp;&nbsp;0.4 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$168747023** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$168747023** | &nbsp;&nbsp;**100.0%** |

---

(1) The Pinnacle Tower Mortgage Loan (as defined below) is part of the Pinnacle Tower
Whole Loan (as defined below), which is comprised of three *pari passu* promissory notes with an aggregate original principal balance
of $100,000,000. The Financial Information in the chart above is based on the Pinnacle Tower Whole Loan. See "— *The Loan* "
below.

(2) See "— *Initial and Ongoing Reserves*" below for further discussion
of reserve information.

(3) The increase from 2024 NOI to Most Recent NOI is primarily attributable to other
revenue that includes a one-time partial termination fee of $946,000 for AON Service Corporation (Suites 1500 and 1510).

***The Loan.*** The fourth largest mortgage loan (the "**<u>Pinnacle Tower Mortgage Loan</u>**") is part of a whole loan (the "**<u>Pinnacle Tower Whole Loan</u>**"). The Pinnacle Tower Whole Loan is a fixed rate loan secured by the borrower's fee simple interest in an office property totaling 549,076 square feet located in Farmers Branch, Texas (the "**<u>Pinnacle Tower Property</u>**"). The Pinnacle Tower Mortgage Loan is evidenced by one promissory note with an outstanding principal balance as of the Cut-off Date of $65,000,000.

The Pinnacle Tower Whole Loan was originated by Goldman Sachs Bank USA, an affiliate of the loan seller, on March 5, 2026. The borrower sponsor utilized the proceeds of the Pinnacle Tower Whole Loan to finance the acquisition of the Pinnacle Tower Property, fund outstanding obligations and upfront leasing reserves and pay origination costs.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 34 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

The Pinnacle Tower Whole Loan has an initial term of 60 months and has a remaining term of 58 months as of the Cut-off Date. The Pinnacle Tower Whole Loan requires interest-only payments during the full term and accrues interest at a rate of 6.45100% *per annum* on an Actual/360 basis. The scheduled maturity date of the Pinnacle Tower Whole Loan is March 6, 2031. The Pinnacle Tower Whole Loan will be serviced pursuant to the pooling and servicing agreement for the Benchmark 2026-V22 securitization trust. The relationship between the holders of the Pinnacle Tower Whole Loan is governed by a co-lender agreement. See "*Description of the Mortgage Pool—The Whole Loans—The Serviced Pari Passu Whole Loans*" and "*The Pooling and Servicing Agreement*" in the Preliminary Prospectus.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Note** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Cut-off Date Balance** | &nbsp;&nbsp;**Note Holder** | &nbsp;&nbsp;**Controlling Piece** |
| &nbsp;&nbsp;&nbsp;&nbsp;**A-1** | &nbsp;&nbsp;**$65000000** | &nbsp;&nbsp;**$65000000** | &nbsp;&nbsp;**Benchmark 2026-V22** | &nbsp;&nbsp;**Yes** |
| &nbsp;&nbsp;&nbsp;&nbsp;A-2<sup>(1)</sup> | &nbsp;&nbsp;$25000000 | &nbsp;&nbsp;$25000000 | &nbsp;&nbsp;GSBI | &nbsp;&nbsp;No |
| &nbsp;&nbsp;&nbsp;&nbsp;A-3<sup>(1)</sup> | &nbsp;&nbsp;$10000000 | &nbsp;&nbsp;$10000000 | &nbsp;&nbsp;GSBI | &nbsp;&nbsp;No |
| **Total** | &nbsp;&nbsp;**$100000000** | &nbsp;&nbsp;**$100000000** |  |  |

---

(1) Expected to be contributed to one or more future securitization transactions.

 ****

***The Property.*** The Pinnacle Tower Property is a 549,076 SF, 24-story, office building located in Farmers Branch, Texas. The Pinnacle Tower Property was constructed in 1985 and renovated between 2017 and 2025. The Pinnacle Tower Property is situated on 4.62 acres and is located along the southwest corner of Inwood Road and Galleria Drive. The Pinnacle Tower Property was originally developed as the Occidental Tower, with Occidental Petroleum ("**<u>Oxy</u>**") occupying the entire building. In 2016, Encore Enterprise and New York Life Insurance acquired the Pinnacle Tower Property from Oxy for $95 million. Since 2016, the Pinnacle Tower Property has benefited from a $9 million comprehensive renovation. This renovation included upgrades to the fitness center, 2nd and 4th floor conference centers, an outdoor patio, a tenant lounge, and a café. As of April 17, 2026, the Pinnacle Tower Property was 88.6% occupied.

***Top Tenants.*** The three largest tenants based on underwritten base rent are Guidestone Financial Resources, New York Life Insurance Company and Nothing Bundt Franchising, LLC.

*Guidestone Financial Resources (138,468 SF, 25.2% of net rentable area, 28.1% of UW base rent)*. Guidestone Financial Resources is a financial services organization dedicated to serving the financial needs of Christian ministries and their employees. Headquartered at the Pinnacle Tower Property, Guidestone Financial Resources provides a comprehensive suite of financial solutions primarily within the United States. The organization offers retirement plans, insurance products (including health, life, and disability), investment management services, and property and casualty coverage. The tenant has two, five-year renewal options through July 31, 2043 and has a one-time right to terminate its lease for the 20th floor (24,883 SF, 18.0% of the tenant's lease) on August 31, 2029, provided written notice is given one year in advance.

*New York Life Insurance Company (90,208 SF, 16.4% of net rentable area, 19.7% of UW base rent, Aa1/AA+/NR (Moody's / S&P / Fitch))*. New York Life Insurance Company is one of the largest mutual life insurance companies in the United States, founded in 1845 and headquartered in New York. New York Life Insurance Company provides a broad range of insurance and financial products, including whole life, term life, and universal life insurance, as well as annuities, long-term care insurance, and institutional solutions. As of year-end 2025, New York Life Insurance Company delivered $3.6 billion in earnings, a 4% increase over the prior year, and grew surplus to $34.7 billion. The tenant has (x) a five-year renewal option, provided written notice is given (i) no earlier than 15 months before the expiration of the lease and no later than nine months before the expiration of the Suite 700, Suite 1600 and Suite 1750-1800 leases and (ii) no earlier than 12 months before the expiration of the lease and no later than nine months before the expiration of the Suite 550 lease and has (y) a one-time right to terminate its lease for (i) Suite 550 (4,331 SF, 4.8% of the tenant's net rentable area) on May 31, 2029, provided written notice is given nine months in advance and payment of a termination fee is made equal to three months of gross rent plus the unamortized portion of the construction allowance paid, commission paid to broker, reasonable legal fees, and any other tenant inducements; (ii) Suite 700 (21,642 SF, 24.0% of the tenant's net rentable area) on September 30, 2032, provided written notice is given one year in advance and payment of a termination fee is made equal to three months of the then-current base rent and recoveries plus the unamortized portions of the landlord's costs for tenant improvements, leasing commissions, attorneys' fees, and all free rent; (iii) Suite 1600 (23,924 SF, 26.5% of the tenant's net rentable area) on January 31, 2032, provided written notice is given one year in advance and payment of a termination fee is made equal to three months of the then-current base rent and recoveries plus the unamortized portions of the landlord's costs for tenant improvements, leasing commissions, attorneys' fees, and any abated rent; and (iv) Suite 1750-1800 (33,816 SF, 37.5% of the tenant's net rentable area) on August 31, 2032, provided written notice is given one year in advance and payment of a termination fee is made equal to three months of then-current base rent and recoveries plus the unamortized portions of the landlord's costs for tenant improvements, leasing commissions, attorneys' fees, and any abated rent.

*Nothing Bundt Franchising, LLC (26,417 SF, 4.8% of net rentable area, 6.0% of UW base rent)*. Nothing Bundt Franchising, LLC is a U.S. based specialty bakery company founded in 1997 and headquartered in Addison. Nothing Bundt Franchising, LLC focuses on producing premium handcrafted bundt cakes, offering a range of sizes and flavors through a franchise-driven business model. Nothing Bundt Franchising, LLC operates over 800 bakery locations across the United States and Canada. The tenant has two, five-year renewal options through January 31, 2045 and has no termination options.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 35 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

The following table presents certain information relating to the top tenants at the Pinnacle Tower Property based on underwritten base rent:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** |
| &nbsp;&nbsp; <br>**Tenant** | &nbsp;&nbsp;**Credit Rating (Moody's / S&P / Fitch)<sup>(2)</sup>** | &nbsp;&nbsp; <br> **Net Rentable Area (SF)** | &nbsp;&nbsp; <br>**% of NRSF** | &nbsp;&nbsp; <br>**U/W Base Rent** | &nbsp;&nbsp; <br> **U/W Base Rent Per SF** | &nbsp;&nbsp;**% Annual U/W Base Rent** | &nbsp;&nbsp; <br>**Lease Expiration** | &nbsp;&nbsp; <br>**Renewal Option (Y/N)** | &nbsp;&nbsp; <br>**Termination Option (Y/N)** |
| &nbsp;&nbsp;**Major Tenants-Office** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Guidestone Financial Resources | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;138468 | &nbsp;&nbsp;25.2% | &nbsp;&nbsp;$3514829 | &nbsp;&nbsp;$25.38 | &nbsp;&nbsp;28.1% | &nbsp;&nbsp;7/31/2033 | &nbsp;&nbsp;2 x 5 yrs | &nbsp;&nbsp;Y<sup>(4)</sup> |
| &nbsp;&nbsp;New York Life Insurance Company | &nbsp;&nbsp;Aa1/AA+/NR | &nbsp;&nbsp;90208 | &nbsp;&nbsp;16.4% | &nbsp;&nbsp;$2457386 | &nbsp;&nbsp;$27.24 | &nbsp;&nbsp;19.7% | &nbsp;&nbsp;Various<sup>(3)</sup> | &nbsp;&nbsp;1 x 5 yr | &nbsp;&nbsp;Y<sup>(5)</sup> |
| &nbsp;&nbsp;Nothing Bundt Franchising, LLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;26417 | &nbsp;&nbsp;4.8% | &nbsp;&nbsp;$752328 | &nbsp;&nbsp;$28.48 | &nbsp;&nbsp;6.0% | &nbsp;&nbsp;1/31/2035 | &nbsp;&nbsp;2 x 5 yrs | &nbsp;&nbsp;N |
| &nbsp;&nbsp;Smile Doctors LLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;24307 | &nbsp;&nbsp;4.4% | &nbsp;&nbsp;$734983 | &nbsp;&nbsp;$30.24 | &nbsp;&nbsp;5.9% | &nbsp;&nbsp;3/31/2036 | &nbsp;&nbsp;1 x 5 yr | &nbsp;&nbsp;N |
| &nbsp;&nbsp;AON Service Corporation | &nbsp;&nbsp;Baa2/A-/BBB+ | &nbsp;&nbsp;23925 | &nbsp;&nbsp;4.4% | &nbsp;&nbsp;$657938 | &nbsp;&nbsp;$27.50 | &nbsp;&nbsp;5.3% | &nbsp;&nbsp;1/31/2030 | &nbsp;&nbsp;1 x 5 yr | &nbsp;&nbsp;N |
| &nbsp;&nbsp;Beaird Harris, PLLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;15789 | &nbsp;&nbsp;2.9% | &nbsp;&nbsp;$426303 | &nbsp;&nbsp;$27.00 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;12/31/2034 | &nbsp;&nbsp;2 x 5 yrs or 1<br> x 10 yr | &nbsp;&nbsp;Y<sup>(6)</sup> |
| &nbsp;&nbsp;Huselton, Morgan & Maultsby, P.C. | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;16453 | &nbsp;&nbsp;3.0% | &nbsp;&nbsp;$419552 | &nbsp;&nbsp;$25.50 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;8/31/2033 | &nbsp;&nbsp;2 x 5 yrs or 1<br> x 10 yr | &nbsp;&nbsp;N |
| &nbsp;&nbsp;The CapFinancial Group, LLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;14218 | &nbsp;&nbsp;2.6% | &nbsp;&nbsp;$386384 | &nbsp;&nbsp;$27.18 | &nbsp;&nbsp;3.1% | &nbsp;&nbsp;6/30/2028 | &nbsp;&nbsp;1 x 5 yr | &nbsp;&nbsp;N |
| &nbsp;&nbsp;Haynes and Boone, LLP | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;11238 | &nbsp;&nbsp;2.0% | &nbsp;&nbsp;$292188 | &nbsp;&nbsp;$26.00 | &nbsp;&nbsp;2.3% | &nbsp;&nbsp;5/31/2035 | &nbsp;&nbsp;1 x 5 yr | &nbsp;&nbsp;N |
| &nbsp;&nbsp;SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;Ba2/BB/NR | &nbsp;&nbsp;10373 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;$264512 | &nbsp;&nbsp;$25.50 | &nbsp;&nbsp;2.1% | &nbsp;&nbsp;2/28/2030 | &nbsp;&nbsp;1 x 5 yr | &nbsp;&nbsp;N |
| &nbsp;&nbsp;**Top 10 Tenants** |  | &nbsp;&nbsp;**371396** | &nbsp;&nbsp;**67.6%** | &nbsp;&nbsp;**$9906403** | &nbsp;&nbsp;**$26.67** | &nbsp;&nbsp;**79.3%** |  |  |  |
| &nbsp;&nbsp;Other Tenants |  | &nbsp;&nbsp;115320 | &nbsp;&nbsp;21.0% | &nbsp;&nbsp;$2590416 | &nbsp;&nbsp;$22.46 | &nbsp;&nbsp;20.7% |  |  |  |
| &nbsp;&nbsp;**Total Occupied** |  | &nbsp;&nbsp;**486716** | &nbsp;&nbsp;**88.6%** | &nbsp;&nbsp;**$12496819** | &nbsp;&nbsp;**$25.68** | &nbsp;&nbsp;**100.0%** |  |  |  |
| &nbsp;&nbsp;Vacant |  | &nbsp;&nbsp;62360 | &nbsp;&nbsp;11.4% |  |  |  |  |  |  |
| &nbsp;&nbsp;**Total** |  | &nbsp;&nbsp;**549076** | &nbsp;&nbsp;**100.0%** |  |  |  |  |  |  |

---

(1) Based on the underwritten rent roll dated April 17, 2026.

(2) Certain ratings are those of the parent company or government entity, whether or not the parent company
or government entity guarantees the lease.

(3) 4,331 SF expiring on February 29, 2032, 30,419 SF expiring on January 31, 2035, 33,816 SF expiring on
August 31, 2035 and 21,642 SF expiring on September 30, 2035.

(4) The tenant has a one-time right to terminate the lease for the 20th floor effective August 31, 2029, with
12 months' notice.

(5) The tenant has a one-time right to terminate the lease for (i) Suite 550 effective May 31, 2029, with
nine months' notice and payment of a termination fee equal to three months of gross rent plus the unamortized portion of the construction
allowance paid, commission paid to the broker, reasonable legal fees, and any other tenant inducements; (ii) Suite 700 effective September
30, 2032, with 12 months' notice and payment of a termination fee equal to three months of the then-current base rent and recoveries
plus the unamortized portions of the landlord's costs for tenant improvements, leasing commissions, attorneys' fees, and all
free rent; (iii) Suite 1600 effective January 31, 2032, with 12 months' notice and payment of a termination fee equal to three months
of the then-current base rent and recoveries, plus the unamortized portions of the landlord's costs for tenant improvements and
leasing commissions, attorneys' fees, and any abated rent; and (iv) Suite 1750-1800 effective August 31, 2032, with 12 months'
notice and payment of a termination fee equal to three months of the then-current base rent and recoveries plus the unamortized portions
of the landlord's costs for tenant improvements, leasing commissions, attorneys' fees, and any abated rent.

(6) The tenant has a one-time right to terminate the lease effective December 31, 2031 with 9 months'
notice and payment of a termination fee equal to three months' gross rent under the lease plus the unamortized portions allocable
to such space of the construction allowance, abated rent, commissions paid to the landlord in connection with the lease and any other
tenant inducements requested by the tenant, which amounts accrue interest at 8% *per annum*.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 36 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

The following table presents certain information relating to the lease rollover schedule at the Pinnacle Tower Property, based on the initial lease expiration dates:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** |
| &nbsp;&nbsp;**Year Ending December 31** | &nbsp;&nbsp;**Expiring Owned GLA** | &nbsp;&nbsp;**% of Owned GLA** | &nbsp;&nbsp;**Cumulative % of Owned GLA** | &nbsp;&nbsp;**U/W Base Rent** | &nbsp;&nbsp;**% of Total U/W Base Rent** | &nbsp;&nbsp;**U/W Base Rent $ per SF** | &nbsp;&nbsp;**# of Expiring Leases** |
| &nbsp;&nbsp;MTM & 2026 | &nbsp;&nbsp;3033 | &nbsp;&nbsp;0.6% | &nbsp;&nbsp;0.6% | &nbsp;&nbsp;$88006 | &nbsp;&nbsp;0.7% | &nbsp;&nbsp;$29.02 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;2027 | &nbsp;&nbsp;35449 | &nbsp;&nbsp;6.5% | &nbsp;&nbsp;7.0% | &nbsp;&nbsp;$391155 | &nbsp;&nbsp;3.1% | &nbsp;&nbsp;$11.03 | &nbsp;&nbsp;6 |
| &nbsp;&nbsp;2028 | &nbsp;&nbsp;34262 | &nbsp;&nbsp;6.2% | &nbsp;&nbsp;13.2% | &nbsp;&nbsp;$917460 | &nbsp;&nbsp;7.3% | &nbsp;&nbsp;$26.78 | &nbsp;&nbsp;6 |
| &nbsp;&nbsp;2029 | &nbsp;&nbsp;4602 | &nbsp;&nbsp;0.8% | &nbsp;&nbsp;14.1% | &nbsp;&nbsp;$127120 | &nbsp;&nbsp;1.0% | &nbsp;&nbsp;$27.62 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;2030 | &nbsp;&nbsp;46948 | &nbsp;&nbsp;8.6% | &nbsp;&nbsp;22.6% | &nbsp;&nbsp;$1272702 | &nbsp;&nbsp;10.2% | &nbsp;&nbsp;$27.11 | &nbsp;&nbsp;4 |
| &nbsp;&nbsp;2031 | &nbsp;&nbsp;24592 | &nbsp;&nbsp;4.5% | &nbsp;&nbsp;27.1% | &nbsp;&nbsp;$712169 | &nbsp;&nbsp;5.7% | &nbsp;&nbsp;$28.96 | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;2032 | &nbsp;&nbsp;10558 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;29.0% | &nbsp;&nbsp;$292871 | &nbsp;&nbsp;2.3% | &nbsp;&nbsp;$27.74 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;2033 | &nbsp;&nbsp;154921 | &nbsp;&nbsp;28.2% | &nbsp;&nbsp;57.3% | &nbsp;&nbsp;$3934381 | &nbsp;&nbsp;31.5% | &nbsp;&nbsp;$25.40 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;2034 | &nbsp;&nbsp;15789 | &nbsp;&nbsp;2.9% | &nbsp;&nbsp;60.1% | &nbsp;&nbsp;$426303 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;$27.00 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2035 | &nbsp;&nbsp;123532 | &nbsp;&nbsp;22.5% | &nbsp;&nbsp;82.6% | &nbsp;&nbsp;$3370933 | &nbsp;&nbsp;27.0% | &nbsp;&nbsp;$27.29 | &nbsp;&nbsp;5 |
| &nbsp;&nbsp;2036 & Thereafter | &nbsp;&nbsp;33030 | &nbsp;&nbsp;6.0% | &nbsp;&nbsp;88.6% | &nbsp;&nbsp;$963719 | &nbsp;&nbsp;7.7% | &nbsp;&nbsp;$29.18 | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;Vacant | &nbsp;&nbsp;62360 | &nbsp;&nbsp;11.4% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP |
| &nbsp;&nbsp;**Total / Wtd. Avg.** | &nbsp;&nbsp;**549076** | &nbsp;&nbsp;**100.0%** |  | &nbsp;&nbsp;**$12496819** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**$25.68** | &nbsp;&nbsp;**36** |

---

(1) Based on the underwritten rent roll as of April 17, 2026. Certain tenants may have lease termination
options that are not reflected in the Lease Rollover Schedule.

The following table presents certain information relating to the historical operating performance and Underwritten Net Cash Flow at the Pinnacle Tower Property:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;**2023** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**UW** | &nbsp;&nbsp;**UW PSF** |
| &nbsp;&nbsp;Base Rent | &nbsp;&nbsp;$7144179 | &nbsp;&nbsp;$8866364 | &nbsp;&nbsp;$10468290 | &nbsp;&nbsp;$12246024 | &nbsp;&nbsp;$12496819 | &nbsp;&nbsp;$22.76 |
| &nbsp;&nbsp;Credit Tenant Rent Step | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;361700 | &nbsp;&nbsp;$0.66 |
| &nbsp;&nbsp;Market Revenue from Vacant Space | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;3144558 | &nbsp;&nbsp;$5.73 |
| &nbsp;&nbsp;**Gross Potential Rent** | &nbsp;&nbsp;**$7144179** | &nbsp;&nbsp;**$8866364** | &nbsp;&nbsp;**$10468290** | &nbsp;&nbsp;**$12246024** | &nbsp;&nbsp;**$16003077** | &nbsp;&nbsp;**$29.15** |
| &nbsp;&nbsp;Total Reimbursements | &nbsp;&nbsp;$3523812 | &nbsp;&nbsp;$4611613 | &nbsp;&nbsp;$5157281 | &nbsp;&nbsp;$6153433 | &nbsp;&nbsp;$6532407 | &nbsp;&nbsp;$11.90 |
| &nbsp;&nbsp;**Net Rental Income** | &nbsp;&nbsp;**$10667991** | &nbsp;&nbsp;**$13477976** | &nbsp;&nbsp;**$15625572** | &nbsp;&nbsp;**$18399456** | &nbsp;&nbsp;**$22535484** | &nbsp;&nbsp;**$41.04** |
| &nbsp;&nbsp;Other Income<sup>(2)</sup> | &nbsp;&nbsp;$192092 | &nbsp;&nbsp;$266606 | &nbsp;&nbsp;$222974 | &nbsp;&nbsp;$1146076 | &nbsp;&nbsp;$205936 | &nbsp;&nbsp;$0.38 |
| &nbsp;&nbsp;(Vacancy & Credit Loss) | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;(3144558) | &nbsp;&nbsp;($5.73) |
| &nbsp;&nbsp;(Commercial Rent Abatements/Concessions) | &nbsp;&nbsp;(819952) | &nbsp;&nbsp;(1057361) | &nbsp;&nbsp;(3064293) | &nbsp;&nbsp;(2371766) | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 |
| &nbsp;&nbsp;(Commercial Credit Loss) | &nbsp;&nbsp;(11357) | &nbsp;&nbsp;0 | &nbsp;&nbsp;(456344) | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0.00 |
| &nbsp;&nbsp;**Effective Gross Income** | &nbsp;&nbsp;**$10028775** | &nbsp;&nbsp;**$12687221** | &nbsp;&nbsp;**$12327908** | &nbsp;&nbsp;**$17173766** | &nbsp;&nbsp;**$19596862** | &nbsp;&nbsp;**$35.69** |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;$2135152 | &nbsp;&nbsp;$1795222 | &nbsp;&nbsp;$1927178 | &nbsp;&nbsp;$2169616 | &nbsp;&nbsp;$2283310 | &nbsp;&nbsp;$4.16 |
| &nbsp;&nbsp;Insurance | &nbsp;&nbsp;84360 | &nbsp;&nbsp;94237 | &nbsp;&nbsp;97582 | &nbsp;&nbsp;100100 | &nbsp;&nbsp;237806 | &nbsp;&nbsp;$0.43 |
| &nbsp;&nbsp;Management Fee | &nbsp;&nbsp;239354 | &nbsp;&nbsp;273287 | &nbsp;&nbsp;270541 | &nbsp;&nbsp;319039 | &nbsp;&nbsp;587906 | &nbsp;&nbsp;$1.07 |
| &nbsp;&nbsp;Other Expenses | &nbsp;&nbsp;3442506 | &nbsp;&nbsp;3738207 | &nbsp;&nbsp;3924837 | &nbsp;&nbsp;4219343 | &nbsp;&nbsp;4252137 | &nbsp;&nbsp;$7.74 |
| &nbsp;&nbsp;**Total Expenses** | &nbsp;&nbsp;**$5901372** | &nbsp;&nbsp;**$5900953** | &nbsp;&nbsp;**$6220138** | &nbsp;&nbsp;**$6808099** | &nbsp;&nbsp;**$7361159** | &nbsp;&nbsp;**$13.41** |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$4127402** | &nbsp;&nbsp;**$6786268** | &nbsp;&nbsp;**$6107770** | &nbsp;&nbsp;**$10365667** | &nbsp;&nbsp;**$12235703** | &nbsp;&nbsp;**$22.28** |
| &nbsp;&nbsp;Replacement Reserves | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$109815 | &nbsp;&nbsp;$0.20 |
| &nbsp;&nbsp;TI/LC | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;400788 | &nbsp;&nbsp;$0.73 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$4127402** | &nbsp;&nbsp;**$6786268** | &nbsp;&nbsp;**$6107770** | &nbsp;&nbsp;**$10365667** | &nbsp;&nbsp;**$11725100** | &nbsp;&nbsp;**$21.35** |
| &nbsp;&nbsp;**Occupancy %** | &nbsp;&nbsp;**57.5%** | &nbsp;&nbsp;**63.4%** | &nbsp;&nbsp;**76.5%** | &nbsp;&nbsp;**87.1%** | &nbsp;&nbsp;**85.7%** |  |
| &nbsp;&nbsp;**NCF DSCR<sup>(3)</sup>** | &nbsp;&nbsp;**0.63x** | &nbsp;&nbsp;**1.04x** | &nbsp;&nbsp;**0.93x** | &nbsp;&nbsp;**1.58x** | &nbsp;&nbsp;**1.79x** |  |
| &nbsp;&nbsp;**NOI Debt Yield<sup>(3)</sup>** | &nbsp;&nbsp;**4.1%** | &nbsp;&nbsp;**6.8%** | &nbsp;&nbsp;**6.1%** | &nbsp;&nbsp;**10.4%** | &nbsp;&nbsp;**12.2%** |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Based on the underwritten rent rolls dated April 17, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Other income includes parking income. 2025 Other Income includes a one-time partial
termination fee of $946,000 for AON Service Corporation (Suite 1500 and 1510).

&nbsp;&nbsp;&nbsp;&nbsp;(3) Based on the Pinnacle Tower Whole Loan.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 37 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

**Appraisal.** According to the appraisal, the Pinnacle Tower Property had an "as-is" appraised value of $164,800,000, as of January 30, 2026.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Pinnacle Tower Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Pinnacle Tower Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Pinnacle Tower Appraised Value<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**Capitalization Rate** |
| &nbsp;&nbsp;Pinnacle Tower | &nbsp;&nbsp;$164800000 | &nbsp;&nbsp;7.50% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Source: Appraisal.

**Environmental Matters.** According to the Phase I environmental site assessment report dated January 19, 2026, there was no evidence of any recognized environmental conditions at the Pinnacle Tower Property.

**The Market.** The Pinnacle Tower Property is located at 5001-5005 Lyndon B. Johnson Freeway in Farmers Branch, Texas, within Dallas County. The Pinnacle Tower Property is located 12.5 miles north of Dallas. According to the appraisal, Dallas, Texas is a hub for diverse industries including finance, technology, defense, and telecommunications. The city's office spaces, such as Pinnacle Tower Property, cater to a growing professional workforce, with a concentration of Fortune 500 companies. The economic landscape is bolstered by the financial sector, with institutions such as Zions Bancorporation contributing significantly to employment. Dallas's strategic location and its status as a transportation nexus, with major highways and Dallas/Fort Worth International Airport nearby, support its logistics and distribution industry. The city's economy is further diversified by the healthcare sector, with major employers like Intermountain Health Care anchoring this industry. The presence of educational institutions and a skilled workforce continue to attract high-tech firms, fostering innovation and growth within the local market.

According to the appraisal, the Pinnacle Tower Property is located within the Dallas-Fort Worth market and the East LBJ Freeway submarkets. As of the fourth quarter of 2025, the Dallas-Fort Worth market vacancy rate was 17.8%, while the East LBJ Freeway submarket exhibited a higher vacancy rate of 23.2%. Average office rents within the Dallas-Fort Worth market averaged $24.89 per SF, and office rents within the East LBJ Freeway submarket averaged $22.47 per SF. The average office rental rates in the Dallas-Fort Worth market and the East LBJ Freeway submarkets have been following an improving trend, however, slightly decreased in the second and third quarters of 2025.

The table below presents certain information relating to office leases comparable to those at the Pinnacle Tower Property identified by the appraisal:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** | &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** | &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** | &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** | &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** | &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** | &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** | &nbsp;&nbsp;**Comparable Office Leases<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name/Location** | &nbsp;&nbsp;**Year Built/ Renovated** | &nbsp;&nbsp;**Total GLA (SF)** | &nbsp;&nbsp;**Tenant** | &nbsp;&nbsp;**Tenant Size (SF)** | &nbsp;&nbsp;**Lease Start Date** | &nbsp;&nbsp;**Lease Term (years)** | &nbsp;&nbsp;**Annual Rent PSF** |
| &nbsp;&nbsp;**Pinnacle Tower<sup>(2)</sup><br> Farmers Branch, TX** | &nbsp;&nbsp;**1985 / 2017-2025** | &nbsp;&nbsp;**549076** | &nbsp;&nbsp;**Guidestone Financial Resources** | &nbsp;&nbsp;**138468** | &nbsp;&nbsp;**Sep-22** | &nbsp;&nbsp;**10.5** | &nbsp;&nbsp;**$25.38** |
| &nbsp;&nbsp;Two Lincoln Centre<br> Dallas, TX | &nbsp;&nbsp;1982 / 2022 | &nbsp;&nbsp;619542 | &nbsp;&nbsp;Lapis Carbon Solutions | &nbsp;&nbsp;7409 | &nbsp;&nbsp;Jan-26 | &nbsp;&nbsp;3.0 | &nbsp;&nbsp;$42.50 |
| &nbsp;&nbsp;Three Galleria Tower<br> Dallas, TX | &nbsp;&nbsp;1991 / 2023 | &nbsp;&nbsp;523943 | &nbsp;&nbsp;Marsh McLennan | &nbsp;&nbsp;90000 | &nbsp;&nbsp;May-25 | &nbsp;&nbsp;11.8 | &nbsp;&nbsp;$35.00 |
| &nbsp;&nbsp;International Plaza II<br> Dallas, TX | &nbsp;&nbsp;2000 / 2020 | &nbsp;&nbsp;388430 | &nbsp;&nbsp;Forvis, LLP | &nbsp;&nbsp;30650 | &nbsp;&nbsp;Oct-24 | &nbsp;&nbsp;10.4 | &nbsp;&nbsp;$35.00 |
| &nbsp;&nbsp;One Galleria Tower<br> Dallas, TX | &nbsp;&nbsp;1981 / 2018 | &nbsp;&nbsp;514246 | &nbsp;&nbsp;Zyston | &nbsp;&nbsp;7065 | &nbsp;&nbsp;Jul-24 | &nbsp;&nbsp;4.3 | &nbsp;&nbsp;$32.63 |

---

(1) Source: Appraisal.

(2) Based on underwritten rent roll as of April 17, 2026.

**The Borrower and the Borrower Sponsors.** The borrower for the Pinnacle Tower Whole Loan is UST Pinnacle Owner, L.P., a Delaware limited partnership and single purpose entity with two independent directors in its organizational structure. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Pinnacle Tower Whole Loan. The borrower sponsor and non-recourse carveout guarantor under the Pinnacle Tower Whole Loan is Estein Holdings, Ltd. ("**<u>Estein</u>**"), a Florida limited partnership.

Estein has been active in real estate since 1974, when the company first began operation in Germany. Since the early 1990s, Estein has concentrated exclusively on United States real estate, broadening its portfolio to include office buildings, power centers, hotels, industrial properties, and residential lot development. Estein has raised and invested more than $6 billion in total equity.

**Property Management.** The Pinnacle Tower Property is currently managed by Vanderbilt Office Properties, LLC ("**<u>VOP</u>**"), a borrower-related management company.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 38 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

---

***Initial and Ongoing Reserves.*** At loan origination, the borrower deposited approximately (i) $558,685 into a real estate tax reserve account, (ii) $19,817 into an insurance reserve account, (iii) $11,025 into a deferred maintenance account, (iv) $2,500,000 into a TI/LC reserve account and (v) $1,676,522 into an unfunded obligations reserve for, among other things, unfunded tenant improvements and leasing commissions, abated or free rent and abated common area maintenance or tax reimbursements.

*Tax Escrows* – On each payment date, the borrower is required to deposit into a tax reserve account an amount equal to 1/12th of the taxes that the lender reasonably estimates will be payable over the next-ensuing 12-month period (initially estimated to be approximately $186,228).

*Insurance Escrows* – On each payment date, except if the Pinnacle Tower Property is insured under an acceptable blanket policy, the borrower is required to deposit into an insurance reserve account an amount equal to 1/12th of the insurance premiums that the lender reasonably estimates will be payable over the next-ensuing 12-month period (initially estimated to be approximately $19,817).

*TI/LC Reserve* – On each payment date beginning with the payment date in April 2028, the borrower is required to deposit into a tenant improvement and leasing commission reserve account an amount equal to approximately $45,833.

*Capital Expenditures Reserve* – On each payment date, the borrower is required to deposit into a capital expenditure reserve account an amount equal to approximately $9,167.

*Critical Tenant Reserve* – On each payment date during the continuance of a Critical Tenant Trigger Event (as defined below), to the extent the cash management account has not yet been established, the borrower is required to deposit into a critical tenant reserve account all excess cash flow which would otherwise be deposited into such critical tenant reserve account. The borrower also has the option (but not the obligation), in its sole discretion, within 10 business days of receipt of notice of the occurrence of a Critical Tenant Trigger Event or at any time thereafter during the continuance of a Pinnacle Tower Trigger Period (as defined below) resulting from a Critical Tenant Trigger Event, to deposit with the lender cash or a letter of credit in an aggregate amount that, when combined with the cash balance in the critical tenant reserve account, is equal to $2,892,138 (and, to the extent timely made, a Pinnacle Tower Trigger Period will not commence as a result of a Critical Tenant Trigger Event and, to the extent made following the commencement and during the existence of a Pinnacle Tower Trigger Period resulting solely from a Critical Tenant Trigger Event, such Pinnacle Tower Trigger Period will end and no longer be deemed to exist).

A "**<u>Critical Tenant</u>**" means any of the following: (i) Guidestone Financial Resources of the Southern Baptist Convention ("**<u>Guidestone</u>**"), (ii) New York Life Insurance Company and certain of its affiliates named in the Pinnacle Tower Whole Loan documents ("**<u>NYLIC</u>**") and (iii) any future tenant which takes occupancy of all or a portion of a Critical Tenant Space (as defined below) pursuant to a Critical Tenant lease.

A "**<u>Critical Tenant Trigger Event</u>**" means the occurrence of any of the following: (x) the date of the filing of a bankruptcy petition by or against any Critical Tenant or the guarantor under its lease under the Bankruptcy Code or any such Critical Tenant or guarantor is deemed legally insolvent or otherwise makes a general assignment for the benefit of creditors (a "**<u>Critical Tenant Bankruptcy Trigger Event</u>**"); (y) the Critical Tenant has failed to renew its lease as to at least 80% or more of its Critical Tenant Space as of the date that is the earlier of (a) the date required pursuant to its Critical Tenant lease or (b) 12 months prior to the expiration of its Critical Tenant lease (a "**<u>Critical Tenant Non-Renewal Trigger Event</u>**"); or (z) the date that any Critical Tenant either (i) gives notice or there is otherwise written evidence (including from publicly available information) of an intent to terminate its lease or vacate 20% or more of its Critical Tenant Space or effectuates an early termination of its Critical Tenant lease or (ii) is no longer operating in at least 80% of its Critical Tenant Space excluding any temporary discontinuance of its business (A) for a period not to exceed 30 consecutive days and not more than 90 days in any 12-month period so long as the Critical Tenant is otherwise in compliance with the terms of its Critical Tenant lease, (B) caused solely by casualty or condemnation or renovations or alterations undertaken pursuant to the terms of its Critical Tenant lease and which discontinuance, in the case of renovations, does not extend for a period in excess of 180 consecutive days and (C) caused by force majeure (a "**<u>Critical Tenant Vacating Trigger Event</u>**").

"**<u>Critical Tenant Disbursement Conditions</u>**" mean the satisfaction of the following conditions: (a) as it relates to a Critical Tenant Bankruptcy Trigger Event, the occurrence of any of the following: (1) such case is dismissed ninety (90) days after commencement without any negative impact on the applicable Critical Tenant lease and the Critical Tenant thereunder is paying normal monthly rent and is otherwise in compliance with the terms of its Critical Tenant lease and has provided an updated estoppel certificate acceptable to the lender, (2) the applicable Critical Tenant has assumed its Critical Tenant lease during the bankruptcy proceeding, is paying normal monthly rent and is otherwise in compliance with the terms thereof and has provided an updated estoppel certificate acceptable to the lender or (3) the applicable Critical Tenant lease is terminated and at least eighty percent (80%) of the Critical Tenant Space is subject to one or more approved substitute leases; (b) as it relates to a Critical Tenant Non-Renewal Trigger Event, either (1) the applicable Critical Tenant enters a renewal or extension of its Critical Tenant lease pursuant to the existing terms contained therein and such Critical Tenant is in occupancy of at least eighty percent (80%) of its Critical Tenant Space and is operating therein, paying full monthly rent, is not in default under the terms of its Critical Tenant lease and has provided an updated estoppel certificate satisfactory to the lender or (2) the applicable Critical Tenant lease is terminated and at least eighty percent (80%) of the Critical Tenant Space is subject to one or more

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 39 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 5001-5005 Lyndon B. Johnson Freeway<br> Farmers Branch, TX 75244 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 4<br> **Pinnacle Tower** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $65,000,000<br> 60.7%<br> 1.79x<br> 12.2% |

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approved substitute leases; and (c) as it relates to a Critical Tenant Vacating Trigger Event, either (1) the lender is provided with evidence reasonably satisfactory to the lender that the applicable Critical Tenant has recommenced its operations in at least eighty percent (80%) of its Critical Tenant Space, is paying full monthly rent, is not in default under the terms of its Critical Tenant lease and has provided an updated estoppel certificate satisfactory to the lender or (2) the applicable Critical Tenant lease is be terminated and at least eighty percent (80%) of the Critical Tenant Space being subject to one or more approved substitute leases.

A "**<u>Critical Tenant Space</u>**" means any of the following: (i) the approximate 138,468 square feet of leased premises (the **"<u>Guidestone Space</u>"**) subject to the existing lease between the borrower, as landlord, and Guidestone, as tenant (as amended, the **"<u>Guidestone Lease</u>"**); (ii) the approximate 90,208 square feet of leased premises (the "**<u>NYLIC Space</u>**") subject to the existing leases between the borrower, as landlord, and NYLIC, as tenant (as amended, the "**<u>NYLIC Leases</u>**"); and (iii) the leased premises occupied by a future Critical Tenant pursuant to its Critical Tenant lease.

***Lockbox / Cash Management.*** The Pinnacle Tower Whole Loan is structured with a hard lockbox and springing cash management. The borrower and the property manager are required to direct the tenants to pay rent directly into the lockbox account, and to deposit any rents otherwise received into such account within two business days after receipt. On each business day funds will be swept (a) if no Pinnacle Tower Trigger Period is continuing, to a borrower operating account and (b) if a Pinnacle Tower Trigger Period is continuing, to the cash management account.

During the continuance of a Pinnacle Tower Trigger Period or, at the lender's discretion, the continuance of an event of default under the Pinnacle Tower Whole Loan, all amounts on deposit in the cash management account after payment of debt service, required reserves and budgeted operating expenses are required to be deposited into an excess cash flow reserve account as additional collateral for the Pinnacle Tower Whole Loan.

A **"<u>Pinnacle Tower Trigger Period</u>"** means each period commencing when (a) the debt service coverage ratio (as calculated under the Pinnacle Tower Whole Loan documents), determined as of the first day of any fiscal quarter beginning with the fiscal quarter beginning on June 1, 2027, is less than 1.25x and the borrower has not made a cash deposit into the excess cash flow account or delivered a letter of credit to the lender in an aggregate amount that, when combined with the cash balance in the excess cash flow account, is equal to $2,892,138 as described under "*Initial and Ongoing Reserves*," above, and ending when the debt service coverage ratio (as calculated under the Pinnacle Tower Whole Loan documents), determined as of the first day of each of two consecutive fiscal quarters thereafter is equal to or greater than 1.25x or such cash deposit or letter of credit is delivered to lender, (b) if the annual, quarterly or monthly financial reports required under the Pinnacle Tower Whole Loan documents are not timely delivered to the lender as and when required (subject to any applicable notice and cure periods) and ending when such reports are delivered and they indicate, in fact, that no Pinnacle Tower Trigger Period is ongoing or (c) each period that commenced upon the occurrence of a Critical Tenant Trigger Event and the borrower has not timely made the cash deposit into the critical tenant account or delivered a letter of credit to lender and ending upon the earlier of (x) the satisfaction of the applicable Critical Tenant Disbursement Conditions (as defined above) or (y) an appropriate deposit of cash is made to the excess cash flow account or a letter of credit is deposited with the lender as set forth in the Pinnacle Tower Whole Loan documents.

***Current Mezzanine or Secured Subordinate Indebtedness.*** None.

***Permitted Future Subordinate or Mezzanine Debt.*** The beneficial owners of a successor borrower are permitted to obtain a mezzanine loan secured by their interests in such successor borrower in connection with the sale of the Pinnacle Tower Property and assumption of the Pinnacle Tower Whole Loan, subject to the satisfaction of certain conditions, including, among others: (i) no event of default under the Pinnacle Tower Whole Loan is continuing, (ii) the loan-to-value ratio (as calculated under the Pinnacle Tower Whole Loan documents and taking into account the mezzanine loan and the Pinnacle Tower Whole Loan) is no greater than 60.68%, (iii) the debt yield (as calculated under the Pinnacle Tower Whole Loan documents and taking into account the mezzanine loan and the Pinnacle Tower Whole Loan) is at least 11.38%, (iv) the debt service coverage ratio (as calculated under the Pinnacle Tower Whole Loan documents and taking into account the mezzanine loan and the Pinnacle Tower Whole Loan) is at least 1.51x, (v) the execution of an intercreditor agreement that is reasonably acceptable to the lender; and (vi) receipt of a rating agency confirmation.

***Release of Collateral.*** Not permitted.

***Ground Lease.*** None.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 40 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

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![](n5868prets_img010.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 41 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

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![](n5868prets_img011.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 42 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Property Information** | &nbsp;&nbsp;**Property Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;GACC | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Single Asset |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Refinance | &nbsp;&nbsp;**Property Type – Subtype:** | &nbsp;&nbsp;Office – Suburban |
| &nbsp;&nbsp;**Borrower Sponsor(s):** | &nbsp;&nbsp;Northwood Real Estate Partners LP | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s):** | &nbsp;&nbsp;NW JJH Building LP | &nbsp;&nbsp;**Location:** | &nbsp;&nbsp;Charlotte, NC |
| &nbsp;&nbsp;**Original Balance:** | &nbsp;&nbsp;$64000000 | &nbsp;&nbsp;**Year Built / Renovated:** | &nbsp;&nbsp;2008 / 2022 |
| &nbsp;&nbsp;**Cut-off Date Balance:** | &nbsp;&nbsp;$64000000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;Northwood Office LLC |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;8.5% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;271,556 SF |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;6.36700% | &nbsp;&nbsp;**Appraised Value / Per SF<sup>(2)</sup>:** | &nbsp;&nbsp;$106,800,000 / $393 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;March 13, 2026 | &nbsp;&nbsp;**Appraisal Date<sup>(2)</sup>:** | &nbsp;&nbsp;January 20, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy:** | &nbsp;&nbsp;87.1% (as of February 20, 2026) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;87.2% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI<sup>(3)</sup>:** | &nbsp;&nbsp;$7950055 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$7339054 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;May 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;April 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Most Recent NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$2,989,674 (TTM September 30, 2025) |
| &nbsp;&nbsp;**Additional Debt Balance:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**2024 NOI:** | &nbsp;&nbsp;$2021005 |
| &nbsp;&nbsp;**Call Protection:** | &nbsp;&nbsp;L(11),YM1(14),DorYM1(31),O(4) | &nbsp;&nbsp;**2023 NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$520247 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Hard / Springing | &nbsp;&nbsp;**2022 NOI<sup>(4)</sup>:** | &nbsp;&nbsp;NAV |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Financial Information** | &nbsp;&nbsp;**Financial Information** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / SF:** | $236 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$159029 | &nbsp;&nbsp;$39757 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / SF:** | $236 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | 59.9% |
| &nbsp;&nbsp;**Replacement Reserves:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$5657 | &nbsp;&nbsp;$67889 | &nbsp;&nbsp;**Maturity Date LTV:** | 59.9% |
| &nbsp;&nbsp;**Approved Leasing Expenses:** | &nbsp;&nbsp;$6743787 | &nbsp;&nbsp;$45259 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | 12.4% |
| &nbsp;&nbsp;**Free Rent Reserve:** | &nbsp;&nbsp;$803506 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NCF DSCR:** | 1.78x |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Mortgage Loan | &nbsp;&nbsp;$64000000 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;Loan Payoff | &nbsp;&nbsp;$32010370 | &nbsp;&nbsp;50.0% |
|  |  |  | &nbsp;&nbsp;Borrower Sponsor Equity | &nbsp;&nbsp;23047542 | &nbsp;&nbsp;36.0 |
|  |  |  | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;7706322 | &nbsp;&nbsp;12.0 |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;1235766 | &nbsp;&nbsp;1.9 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$64000000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$64000000** | &nbsp;&nbsp;**100.0%** |

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&nbsp;&nbsp;&nbsp;&nbsp;(1) See "*Initial and Ongoing Reserves*" below for further discussion of reserve information.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The Harris Building Property (as defined below) had an "as-is" (funded reserves) appraised
value of $106,800,000 as of January 20, 2026. Based on the "as-is" appraised value of $99,300,000, the Cut-off Date LTV and
Maturity Date LTV for the Harris Building Mortgage Loan (as defined below) are each 64.5%.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The increase from Most Recent NOI to Underwritten NOI totaling $4,623,363 in base rent is due to recent
leasing (TD Bank, Utica Mutual Insurance Company) at the Harris Building Property.

&nbsp;&nbsp;&nbsp;&nbsp;(4) Historical financials are unavailable for 2022 due to major renovations at the Harris Building Property
in 2022.

**The Loan.** The fifth largest mortgage loan (the "**<u>Harris Building Mortgage Loan</u>**") is secured by the borrower's fee interest in a 271,556 square foot office property located in Charlotte, North Carolina (the "**<u>Harris Building Property</u>**"). The Harris Building Mortgage Loan is evidenced by a single promissory note with an outstanding principal balance as of the Cut-off Date of $64,000,000. The Harris Building Mortgage Loan was originated on March 13, 2026 by German American Capital Corporation and accrues interest at a fixed rate of 6.36700% *per annum* on an Actual/360 basis*.* The Harris Building Mortgage Loan has an initial term of five years and is interest-only for the full term. The scheduled maturity date of the Harris Building Mortgage Loan is April 6, 2031.

**The Property**. The Harris Building Property is a 10-story, Class-A office building on 5.44-acres located within the Ballantyne Corporate Park in Charlotte, North Carolina. The Harris Building Property was constructed in 2008 and renovated in 2022. The Harris Building Property is LEED®-certified and received the ENERGY STAR designation. The Harris Building Property has complimentary structured parking with an air-conditioned walkway to offices, active green spaces with a pond, and rotating food truck options. Additional Property amenities include direct walking access to retail amenities at The Bowl (as described below), expansive glass views, an amenity suite, WI-FI enabled green space, a fire pit, and a floor 10 balcony. Primary access to the Harris Building Property is provided by I-485, a 6-

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 43 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

---

lane right of way thoroughfare traversing the neighborhood east-west. I-485 is a major commuting arterial for residents of South Charlotte. Providence Road, Ballantyne Commons Parkway and US Hwy 521 also provide access to the area.

The borrower sponsor purchased the Harris Building Property in 2017 and from 2018 through 2023, invested approximately $4.8 million in capital improvements. In addition, the borrower sponsor invested approximately $11.2 million in leasing costs to stabilize leasing at the Harris Building Property.

The Harris Building Property is located at the core of Northwood's "Ballantyne Reimagined", a multi-phase development. In 2017, the borrower sponsor acquired the 535-acre Ballantyne Corporate Park for approximately $1.2 billion and has strategically invested over $500 million to date, with plans to invest an additional $500 million, repositioning the traditional office park into a dense live-work-play community. The borrower sponsor recently delivered The Bowl at Ballantyne, which includes approximately 70,000 SF of restaurants/retailers (delivered in phases from 2023 to 2025), 356 units of luxury apartments (Oro Ballantyne, delivered in 2025), a 3,500 person amphitheater (The Amp, delivered in 2023), and several public parks, also all within walking distance from the Harris Building Property. According to the borrower sponsor, the borrower sponsor has also submitted plans to build an additional luxury mixed-use multifamily asset adjacent to Oro Ballantyne and a build-to-suit for Wegman's grocery store is scheduled to be delivered in 2026.

As of February 20, 2026, the Harris Building Property had an in-place occupancy of 87.1%, weighted average rents of $40.75, and a weighted average remaining lease term of approximately 8 years. The Harris Building Property is anchored by investment grade tenant TD Bank, N.A. (91,646 SF, 33.7% of NRA, 40.4% of underwritten base rent, LXD: Aug 2036, NYSE: TD, Fitch/S&P: AA-/A+), with the remainder of the rent roll not featuring any tenants occupying more than 10.7% of total NRA.

**Major Tenants.** The three largest tenants based on underwritten base rent are TD Bank, N.A. ("**<u>TD Bank</u>**"), ESA Management, LLC and Utica Mutual Insurance Company.

*TD Bank (91,646 square feet; 33.7% of net rentable area; 40.4% of underwritten base rent).* TD Bank, (NYSE: TD; Fitch: AA-) is the United States retail banking subsidiary of Canadian multinational company Toronto-Dominion Bank, or TD Bank Group. TD Bank operates a full-service banking platform offering consumer and commercial banking, wealth management, and lending products across the United States. As of October 31, 2025, TD Bank reported total assets of approximately $382 billion. TD Bank is the tenant on the lease and is investment-grade rated (Fitch: AA-).

TD Bank executed its original lease at the Harris Building Property in July 2025 to occupy approximately 62,000 SF (suites 100, 800, 900). Less than a month later when the 7th floor of the Harris Building Property became available, TD Bank exercised its ROFR to lease the 7th floor (officially executed expansion December 2025). The original lease and expansion at the Harris Building Property resulted in TD Bank more than tripling its total office footprint (approximately 18,500 SF to approximately 92,000 SF) and employee headcount (111 to over 540) within the Ballantyne campus at the Harris Building Property. According to the borrower sponsor, TD Bank plans to make the Harris Building Property one of its 3 US corporate hubs and is heavily investing into its space out-of-pocket.

TD Bank's lease on all of its space runs through August 2036. TD Bank's lease on suites 100, 800, and 900 commenced on November 1, 2025. Their lease on suite 700 commenced April 1, 2026. TD Bank is currently in the process of building out all of its space and it is expected to officially take occupancy in the second or third quarter of 2026. TD Bank has two 5-year renewals with written notice to the landlord not more than eighteen months nor less than twelve months prior to the expiration of the lease term and zero termination or contraction options associated with its lease. There can be no assurance that TD Bank will take occupancy as expected.

*ESA Management, LLC (29,005 square feet; 10.7% of net rentable area; 12.7% of underwritten base rent).* ESA Management, LLC is the operating and management platform behind the Extended Stay America hotel brand, one of the largest providers of extended-stay lodging in the United States. The company oversees day-to-day hotel operations, asset management, and brand execution across a nationwide portfolio serving business travelers, relocating professionals, and long-term transient guests. Extended Stay America was founded in 1995 in Fort Lauderdale, Florida, going public later that year. Blackstone acquired and took Extended Stay America private in 2004 for $3.1 billion. Extended Stay America is now publicly traded again on the NASDAQ ("STAY"). Extended Stay America currently has over 650 hotels in the United States and Canada and employs over 10,000 people.

The Harris Building Property serves as the global HQ location for Extended Stay America. ESA's lease commenced in January 2023 and expires in October 2033, providing 7.5 years of remaining lease term. ESA has one 5-year renewal option at fair market value with written notice to the landlord not more than eighteen months nor less than twelve months prior to the expiration of the lease term. ESA has a one-time option of terminating the lease early on the last day of the 84th month of the term (10/31/2030) with 12 months' written notice and payment of a termination penalty which includes 6 months of base rent and additional rent following the termination date and the unamortized portion of landlord's costs, including abated rent, improvement allowance, legal fees incurred in connection with termination, and leasing commissions.

*Utica Mutual Insurance Company (16,745 square feet; 6.2% of net rentable area; 7.6% of underwritten base rent).* Utica Mutual Insurance Company (AM Best: A) is a United States based mutual insurance organization providing property and casualty insurance products to

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 44 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

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individuals, small businesses, and institutional clients. Founded in 1914 and headquartered in New Hartford, New York, Utica Mutual operates through a nationwide distribution network of independent agents and regional offices.

Utica's lease commenced in September 2025 and expires in June 2036, providing over ten years of remaining lease term. The tenant has one 5-year renewal option at fair market value with written notice to the landlord not more than eighteen months nor less than twelve months prior to the expiration of the lease term and no termination options.

The following table presents certain information relating to the major tenants at the Harris Building Property:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp; **Tenant Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Tenant** | &nbsp;&nbsp;**Credit Rating (Moody's/ S&P/Fitch)<sup>(2)</sup>** | &nbsp;&nbsp;**Net Rentable Area (SF)** | &nbsp;&nbsp;**% of Net Rentable Area** | &nbsp;&nbsp;**U/W Base Rent** | &nbsp;&nbsp;**U/W Base Rent Per SF** | &nbsp;&nbsp;**% of U/W Base Rent** | &nbsp;&nbsp;**Lease Expiration** | &nbsp;&nbsp;**Renewal Option** |
| &nbsp;&nbsp;TD Bank, N.A. | &nbsp;&nbsp;A2/A+-AA- | &nbsp;&nbsp;91646 | &nbsp;&nbsp;33.7% | &nbsp;&nbsp;$3894955 | &nbsp;&nbsp;$42.50 | &nbsp;&nbsp;40.4% | &nbsp;&nbsp;8/31/2036 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N | &nbsp;&nbsp;2 x 5yr |
| &nbsp;&nbsp;ESA Management, LLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;29005 | &nbsp;&nbsp;10.7% | &nbsp;&nbsp;$1228072 | &nbsp;&nbsp;$42.34 | &nbsp;&nbsp;12.7% | &nbsp;&nbsp;10/31/2033 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y<sup>(3)</sup> | &nbsp;&nbsp;1 x 5yr |
| &nbsp;&nbsp;Utica Mutual Insurance Company | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;16745 | &nbsp;&nbsp;6.2% | &nbsp;&nbsp;$728408 | &nbsp;&nbsp;$43.50 | &nbsp;&nbsp;7.6% | &nbsp;&nbsp;6/30/2036 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N | &nbsp;&nbsp;1 x 5yr |
| &nbsp;&nbsp;Siemens Corporation | &nbsp;&nbsp;Aa3/NR/AA- | &nbsp;&nbsp;18079 | &nbsp;&nbsp;6.7% | &nbsp;&nbsp;$696378 | &nbsp;&nbsp;$38.52 | &nbsp;&nbsp;7.2% | &nbsp;&nbsp;8/31/2027 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N | &nbsp;&nbsp;1 x 5yr |
| &nbsp;&nbsp;CrossCountry Mortgage, LLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;16074 | &nbsp;&nbsp;5.9% | &nbsp;&nbsp;$660758 | &nbsp;&nbsp;$41.11 | &nbsp;&nbsp;6.9% | &nbsp;&nbsp;2/29/2028 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N | &nbsp;&nbsp;1 x 3yr |
| &nbsp;&nbsp;Morgan Stanley | &nbsp;&nbsp;A1/A-/A+ | &nbsp;&nbsp;11545 | &nbsp;&nbsp;4.3% | &nbsp;&nbsp;$480734 | &nbsp;&nbsp;$41.64 | &nbsp;&nbsp;5.0% | &nbsp;&nbsp;6/30/2034 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y<sup>(4)</sup> | &nbsp;&nbsp;1 x 5yr |
| &nbsp;&nbsp;Sibelco North America, Inc. | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;10981 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;$461434 | &nbsp;&nbsp;$42.02 | &nbsp;&nbsp;4.8% | &nbsp;&nbsp;1/31/2035 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y<sup>(5)</sup> | &nbsp;&nbsp;1 x 5yr |
| &nbsp;&nbsp;RSG Specialty, LLC | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;8452 | &nbsp;&nbsp;3.1% | &nbsp;&nbsp;$356427 | &nbsp;&nbsp;$42.17 | &nbsp;&nbsp;3.7% | &nbsp;&nbsp;4/30/2027 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N |  |
| &nbsp;&nbsp;UBS Financial Services, Inc. | &nbsp;&nbsp;A2/A-/A+ | &nbsp;&nbsp;6990 | &nbsp;&nbsp;2.6% | &nbsp;&nbsp;$279942 | &nbsp;&nbsp;$40.05 | &nbsp;&nbsp;2.9% | &nbsp;&nbsp;7/31/2028 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N | &nbsp;&nbsp;1 x 5yr |
| &nbsp;&nbsp;Jacobs Engineering Group, Inc. | &nbsp;&nbsp;Baa2/BBB-/NR | &nbsp;&nbsp;4471 | &nbsp;&nbsp;1.6% | &nbsp;&nbsp;$187380 | &nbsp;&nbsp;$41.91 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;12/31/2028 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N | &nbsp;&nbsp;1 x 5yr |
| &nbsp;&nbsp;**Largest Tenants** |  | &nbsp;&nbsp;**213988** | &nbsp;&nbsp;**78.8%** | &nbsp;&nbsp;**$8974487** | &nbsp;&nbsp;**$41.94** | &nbsp;&nbsp;**93.1%** |  |  |
| &nbsp;&nbsp;Remaining Occupied |  | &nbsp;&nbsp;22652 | &nbsp;&nbsp;8.3% | &nbsp;&nbsp;$667447 | &nbsp;&nbsp;$29.47 | &nbsp;&nbsp;6.9% |  |  |
| &nbsp;&nbsp;**Total Occupied** |  | &nbsp;&nbsp;**236640** | &nbsp;&nbsp;**87.1%** | &nbsp;&nbsp;**$9641934** | &nbsp;&nbsp;**$40.75** | &nbsp;&nbsp;**100.0%** |  |  |
| &nbsp;&nbsp;Vacant |  | &nbsp;&nbsp;34916 | &nbsp;&nbsp;12.9% |  |  |  |  |  |
| &nbsp;&nbsp;**Total** |  | &nbsp;&nbsp;**271556** | &nbsp;&nbsp;**100.0%** |  |  |  |  |  |

---

(1) Based on the underwritten rent roll dated February 20, 2026.

(2) Certain ratings are those of the parent company, whether or not the parent guarantees the lease.

(3) ESA has the one-time option to terminate its lease early on the last day of the 84th month of the term (10/31/2030) with 12 months'
written notice.

(4) Morgan Stanley has the one-time option to terminate its lease early on the last day of the 84th month of the term (5/31/2030) with
12 months' written notice.

(5) Sibelco North America, Inc. has the one-time option to terminate its lease early on the last day of the 67th month of the term (2/28/2030)
with 12 months' written notice.

The following table presents certain information relating to the lease rollover schedule at the Harris Building Property:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)(2)</sup>** |
| &nbsp;&nbsp;**Year Ending December 31** | &nbsp;&nbsp;**Expiring Owned NRA** | &nbsp;&nbsp;**% of Owned NRA** | &nbsp;&nbsp;**Cumulative % of Owned NRA** | &nbsp;&nbsp;**U/W Base Rent** | &nbsp;&nbsp;**% of Total U/W Base Rent** | &nbsp;&nbsp;**U/W Base Rent $ per SF** | &nbsp;&nbsp;**# of Expiring Leases** |
| &nbsp;&nbsp;2026 & MTM | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;2027 | &nbsp;&nbsp;26531 | &nbsp;&nbsp;9.8% | &nbsp;&nbsp;9.8% | &nbsp;&nbsp;1052805 | &nbsp;&nbsp;10.9% | &nbsp;&nbsp;$39.68 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;2028 | &nbsp;&nbsp;27535 | &nbsp;&nbsp;10.1% | &nbsp;&nbsp;19.9% | &nbsp;&nbsp;1128080 | &nbsp;&nbsp;11.7% | &nbsp;&nbsp;$40.97 | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;2029 | &nbsp;&nbsp;3261 | &nbsp;&nbsp;1.2% | &nbsp;&nbsp;21.1% | &nbsp;&nbsp;139375 | &nbsp;&nbsp;1.4% | &nbsp;&nbsp;$42.74 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2030 | &nbsp;&nbsp;10987 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;25.2% | &nbsp;&nbsp;462533 | &nbsp;&nbsp;4.8% | &nbsp;&nbsp;$42.10 | &nbsp;&nbsp;4 |
| &nbsp;&nbsp;2031 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;25.2% | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;2032 | &nbsp;&nbsp;1818 | &nbsp;&nbsp;0.7% | &nbsp;&nbsp;25.8% | &nbsp;&nbsp;65539 | &nbsp;&nbsp;0.7% | &nbsp;&nbsp;$36.05 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2033 | &nbsp;&nbsp;29005 | &nbsp;&nbsp;10.7% | &nbsp;&nbsp;36.5% | &nbsp;&nbsp;1228072 | &nbsp;&nbsp;12.7% | &nbsp;&nbsp;$42.34 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2034 | &nbsp;&nbsp;11545 | &nbsp;&nbsp;4.3% | &nbsp;&nbsp;40.8% | &nbsp;&nbsp;480734 | &nbsp;&nbsp;5.0% | &nbsp;&nbsp;$41.64 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2035 | &nbsp;&nbsp;10981 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;44.8% | &nbsp;&nbsp;461434 | &nbsp;&nbsp;4.8% | &nbsp;&nbsp;$42.02 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2036 & Thereafter | &nbsp;&nbsp;114977 | &nbsp;&nbsp;42.3% | &nbsp;&nbsp;87.1% | &nbsp;&nbsp;4623363 | &nbsp;&nbsp;48.0% | &nbsp;&nbsp;$40.21 | &nbsp;&nbsp;4 |
| &nbsp;&nbsp;Vacant | &nbsp;&nbsp;34916 | &nbsp;&nbsp;12.9% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP |
| &nbsp;&nbsp;**Total / Wtd. Avg.** | &nbsp;&nbsp;**271556** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**$9641934** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**$40.75** | &nbsp;&nbsp;**18** |

---

(1) Based on the underwritten rent roll dated February 20, 2026.

(2) Certain leases may have termination options that are exercisable prior to the originally
stated expiration date of the lease and that are not considered in this Lease Rollover Schedule.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 45 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

---

The following table presents certain information relating to the historical operating performance and underwritten net cash flow at the Harris Building Property:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)(2)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)(2)</sup>** |
|  | &nbsp;&nbsp;**2023** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**TTM 9/30/2025** | &nbsp;&nbsp;**U/W** | &nbsp;&nbsp;**U/W Per SF** |
| &nbsp;&nbsp;Base Rent | &nbsp;&nbsp;$3321670 | &nbsp;&nbsp;$4189165 | &nbsp;&nbsp;$4889703 | &nbsp;&nbsp;$9641934 | &nbsp;&nbsp;$35.51 |
| &nbsp;&nbsp;Credit Rent Steps | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;280418 | &nbsp;&nbsp;$1.03 |
| &nbsp;&nbsp;Contractual Rent Steps | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;146679 | &nbsp;&nbsp;$0.54 |
| &nbsp;&nbsp;Potential Income from Vacant Space | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;1483930 | &nbsp;&nbsp;$5.46 |
| &nbsp;&nbsp;**Gross Potential Rent** | &nbsp;&nbsp;**$3321670** | &nbsp;&nbsp;**$4189165** | &nbsp;&nbsp;**$4889703** | &nbsp;&nbsp;**$11552961** | &nbsp;&nbsp;**$42.54** |
| &nbsp;&nbsp;Reimbursements | &nbsp;&nbsp;$96235 | &nbsp;&nbsp;$10873 | &nbsp;&nbsp;$92855 | &nbsp;&nbsp;$85547 | &nbsp;&nbsp;$0.32 |
| &nbsp;&nbsp;Parking Income | &nbsp;&nbsp;21311 | &nbsp;&nbsp;231419 | &nbsp;&nbsp;236419 | &nbsp;&nbsp;15933 | &nbsp;&nbsp;$0.06 |
| &nbsp;&nbsp;**Total Gross Income** | &nbsp;&nbsp;**$3439216** | &nbsp;&nbsp;**$4431457** | &nbsp;&nbsp;**$5218977** | &nbsp;&nbsp;**$11654441** | &nbsp;&nbsp;**$42.92** |
| &nbsp;&nbsp;Abatements | &nbsp;&nbsp;($1208191) | &nbsp;&nbsp;($519449) | &nbsp;&nbsp;($328452) | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0.00 |
| &nbsp;&nbsp;(Vacancy / Credit Loss) | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;(1483930) | &nbsp;&nbsp;($5.46) |
| &nbsp;&nbsp;**Effective Gross Income** | &nbsp;&nbsp;**$2231026** | &nbsp;&nbsp;**$3912008** | &nbsp;&nbsp;**$4890525** | &nbsp;&nbsp;**$10170511** | &nbsp;&nbsp;**$37.45** |
| &nbsp;&nbsp;Management Fee | &nbsp;&nbsp;$67394 | &nbsp;&nbsp;$121055 | &nbsp;&nbsp;$146512 | &nbsp;&nbsp;$305115 | &nbsp;&nbsp;$1.12 |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;471560 | &nbsp;&nbsp;429294 | &nbsp;&nbsp;457402 | &nbsp;&nbsp;472456 | &nbsp;&nbsp;$1.74 |
| &nbsp;&nbsp;Insurance | &nbsp;&nbsp;35206 | &nbsp;&nbsp;55203 | &nbsp;&nbsp;57901 | &nbsp;&nbsp;50967 | &nbsp;&nbsp;$0.19 |
| &nbsp;&nbsp;General and Administrative | &nbsp;&nbsp;115443 | &nbsp;&nbsp;182368 | &nbsp;&nbsp;220686 | &nbsp;&nbsp;256586 | &nbsp;&nbsp;$0.94 |
| &nbsp;&nbsp;Utilities | &nbsp;&nbsp;234870 | &nbsp;&nbsp;269343 | &nbsp;&nbsp;238885 | &nbsp;&nbsp;281263 | &nbsp;&nbsp;$1.04 |
| &nbsp;&nbsp;Other Expenses<sup>(3)</sup> | &nbsp;&nbsp;786306 | &nbsp;&nbsp;833740 | &nbsp;&nbsp;779466 | &nbsp;&nbsp;854069 | &nbsp;&nbsp;$3.15 |
| &nbsp;&nbsp;**Total Expenses** | &nbsp;&nbsp;**$1710779** | &nbsp;&nbsp;**$1891004** | &nbsp;&nbsp;**$1900851** | &nbsp;&nbsp;**$2220456** | &nbsp;&nbsp;**$8.18** |
| &nbsp;&nbsp;**Net Operating Income<sup>(5)</sup>** | &nbsp;&nbsp;**$520247** | &nbsp;&nbsp;**$2021005** | &nbsp;&nbsp;**$2989674** | &nbsp;&nbsp;**$7950055** | &nbsp;&nbsp;**$29.28** |
| &nbsp;&nbsp;Replacement Reserves | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$67889 | &nbsp;&nbsp;$0.25 |
| &nbsp;&nbsp;TI/LC Reserves | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;543112 | &nbsp;&nbsp;$2.00 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$520247** | &nbsp;&nbsp;**$2021005** | &nbsp;&nbsp;**$2989674** | &nbsp;&nbsp;**$7339054** | &nbsp;&nbsp;**$27.03** |
| &nbsp;&nbsp;**Occupancy (%)** | &nbsp;&nbsp;**38.8%** | &nbsp;&nbsp;**42.7%** | &nbsp;&nbsp;**76.4%** | &nbsp;&nbsp;**87.2%<sup>(4)</sup>** |  |
| &nbsp;&nbsp;**NCF DSCR** | &nbsp;&nbsp;**0.13x** | &nbsp;&nbsp;**0.49x** | &nbsp;&nbsp;**0.72x** | &nbsp;&nbsp;**1.78x** |  |
| &nbsp;&nbsp;**NOI Debt Yield** | &nbsp;&nbsp;**0.8%** | &nbsp;&nbsp;**3.2%** | &nbsp;&nbsp;**4.7%** | &nbsp;&nbsp;**12.4%** |  |

---

(1) Based on the underwritten rent roll dated February 20, 2026.

(2) Historical financials are unavailable for 2022 due to major renovations at the Harris
Building Property in 2022.

(3) Other Expenses includes janitorial, landscaping services, common area maintenance,
and other miscellaneous items.

(4) Represents Economic Occupancy.

(5) The increase from Most Recent NOI to Underwritten NOI is due to recent leasing (TD
Bank, Utica Mutual Insurance Company) at the Harris Building Property totaling $4,623,363 in base rent.

**Appraisal.** The Harris Building Property had an "as-is" (funded reserves) appraised value of $106,800,000 as of January 20, 2026. Based on the "as-is" appraised value of $99,300,000, the Cut-off Date LTV and Maturity Date LTV for the Harris Building Mortgage Loan are each 64.5%.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Harris Building Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Harris Building Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Harris Building Appraised Value<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**Capitalization Rate** |
| &nbsp;&nbsp;Harris Building | &nbsp;&nbsp;$106800000 | &nbsp;&nbsp;7.50% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Source: Appraisal.

**Environmental Matters.** According to the Phase I environmental report dated January 23, 2026, there was no evidence of any recognized environmental conditions at the Harris Building Property.

**The Market.** The Harris Building Property is a Class A, multi-tenant office property located at 13024 Ballantyne Corporate Place in the Ballantyne area of Charlotte, Mecklenburg County, North Carolina, and is part of the Charlotte-Concord-Gastonia, NC-SC Metropolitan Statistical Area ("**<u>Charlotte MSA</u>**"). The Harris Building Property is located approximately 12 miles south of Uptown Charlotte within Ballantyne Corporate Park, a master-planned, mixed-use district featuring office, retail, hospitality, multifamily, and recreational uses, including The Bowl at Ballantyne. Primary access to the Harris Building Property is provided by Interstate 485, with additional access via Ballantyne Commons Parkway, Johnston Road, and U.S. Highway 521, providing efficient regional connectivity. According to the appraisal, the Harris Building Property offers strong ingress and egress while benefitting from proximity to a growing employment base, high-income residential areas, and expanding retail and lifestyle amenities.

According to third-party market data cited in the appraisal, the Harris Building Property is located within the South/485 office submarket of the Charlotte MSA. As of third quarter 2025, the South/485 submarket comprised approximately 8.2 million square feet of office inventory, with an overall occupancy rate of 81.0% and average gross asking rents of $38.92 per square foot. The submarket experienced

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 46 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

---

positive net absorption during 2025 and continues to outperform the broader Charlotte office market in terms of rental rates, reflecting its competitive positioning and Class A asset concentration.

According to the appraisal, the 2025 population within a one-, three-, and five-mile radius of the Harris Building Property was approximately 7,304, 92,002, and 194,699, respectively. Average household income within the same radii was approximately $167,609, $167,948, and $177,384, respectively, significantly above Charlotte MSA averages. Additionally, approximately 68.9% of residents within a one-mile radius hold a college degree, supporting the property's appeal to office users seeking access to a highly educated workforce.

The following table presents information relating to comparable office leases for the Harris Building Property:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Comparable Office Rental Summary<sup>(1)</sup>** | **Comparable Office Rental Summary<sup>(1)</sup>** | **Comparable Office Rental Summary<sup>(1)</sup>** | **Comparable Office Rental Summary<sup>(1)</sup>** | **Comparable Office Rental Summary<sup>(1)</sup>** | **Comparable Office Rental Summary<sup>(1)</sup>** | **Comparable Office Rental Summary<sup>(1)</sup>** | **Comparable Office Rental Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name / Address** | &nbsp;&nbsp;**Distance from Subject** | &nbsp;&nbsp;**Year Built / Renovated** | &nbsp;&nbsp;**Tenant** | &nbsp;&nbsp;**Suite Size (SF)** | &nbsp;&nbsp;**Lease Commencement** | &nbsp;&nbsp;**Lease Term (Yrs)** | &nbsp;&nbsp;**Base Rent (PSF)** |
| | &nbsp;&nbsp;**-** | &nbsp;&nbsp;**2008 / 2022** | &nbsp;&nbsp;**ESA Management, LLC<sup>(2)</sup>** | &nbsp;&nbsp;**29005<sup>(2)</sup>** | &nbsp;&nbsp;**Jan-23<sup>(2)</sup>** | &nbsp;&nbsp;**10.8<sup>(2)</sup>** | &nbsp;&nbsp;**$42.34<sup>(2)</sup>** |
| &nbsp;&nbsp; **Harris Building**<br> **13024 Ballantyne Corporate Place**<br>&nbsp;&nbsp;**Charlotte, NC** | &nbsp;&nbsp;**-** | &nbsp;&nbsp;**2008 / 2022** | &nbsp;&nbsp;**ESA Management, LLC<sup>(2)</sup>** | &nbsp;&nbsp;**29005<sup>(2)</sup>** | &nbsp;&nbsp;**Jan-23<sup>(2)</sup>** | &nbsp;&nbsp;**10.8<sup>(2)</sup>** | &nbsp;&nbsp;**$42.34<sup>(2)</sup>** |
| &nbsp;&nbsp; **Ballantyne Tower**<br> 13320 Ballantyne Corporate Place | &nbsp;&nbsp;0.2 mi | &nbsp;&nbsp;2011 / NAP | &nbsp;&nbsp;SERC Reliability | &nbsp;&nbsp;28525 | &nbsp;&nbsp;Feb-25 | &nbsp;&nbsp;12.7 | &nbsp;&nbsp;$39.65 |
| &nbsp;&nbsp;Charlotte, NC | &nbsp;&nbsp;0.2 mi | &nbsp;&nbsp;2011 / NAP | &nbsp;&nbsp;SERC Reliability | &nbsp;&nbsp;28525 | &nbsp;&nbsp;Feb-25 | &nbsp;&nbsp;12.7 | &nbsp;&nbsp;$39.65 |
| &nbsp;&nbsp; **Panorama Tower**<br> 14819 Ballantyne Village Parkway | &nbsp;&nbsp;0.6 mi | &nbsp;&nbsp;2021 / NAP | &nbsp;&nbsp;Snap One | &nbsp;&nbsp;30000 | &nbsp;&nbsp;Nov-24 | &nbsp;&nbsp;10.1 | &nbsp;&nbsp;$44.00 |
| &nbsp;&nbsp;Charlotte, NC | &nbsp;&nbsp;0.6 mi | &nbsp;&nbsp;2021 / NAP | &nbsp;&nbsp;Snap One | &nbsp;&nbsp;30000 | &nbsp;&nbsp;Nov-24 | &nbsp;&nbsp;10.1 | &nbsp;&nbsp;$44.00 |
| &nbsp;&nbsp; **Toringdon Office Park**<br> 3420, 3426, 3430, 3436, 3440 & 3530 Toringdon Way | &nbsp;&nbsp;0.6 mi | &nbsp;&nbsp;2004 / NAP | &nbsp;&nbsp;Huber + Suhner | &nbsp;&nbsp;9671 | &nbsp;&nbsp;Feb-24 | &nbsp;&nbsp;10.7 | &nbsp;&nbsp;$38.50 |
| &nbsp;&nbsp;Charlotte, NC | &nbsp;&nbsp;0.6 mi | &nbsp;&nbsp;2004 / NAP | &nbsp;&nbsp;Huber + Suhner | &nbsp;&nbsp;9671 | &nbsp;&nbsp;Feb-24 | &nbsp;&nbsp;10.7 | &nbsp;&nbsp;$38.50 |
| &nbsp;&nbsp; **Piedmont Town Center**<br> 4720 & 4725 Piedmont Row Drive | &nbsp;&nbsp;6.6 mi | &nbsp;&nbsp;2005 / NAP | &nbsp;&nbsp;PNC Bank | &nbsp;&nbsp;42000 | &nbsp;&nbsp;Jul-25 | &nbsp;&nbsp;7.6 | &nbsp;&nbsp;$43.75 |
| &nbsp;&nbsp;Charlotte, NC | &nbsp;&nbsp;6.6 mi | &nbsp;&nbsp;2005 / NAP | &nbsp;&nbsp;PNC Bank | &nbsp;&nbsp;42000 | &nbsp;&nbsp;Jul-25 | &nbsp;&nbsp;7.6 | &nbsp;&nbsp;$43.75 |
| &nbsp;&nbsp; **Rotunda Building**<br> 4201 Congress Street | &nbsp;&nbsp;6.7 mi | &nbsp;&nbsp;1988 / 2019 | &nbsp;&nbsp;Capitala | &nbsp;&nbsp;15537 | &nbsp;&nbsp;Sep-25 | &nbsp;&nbsp;5.3 | &nbsp;&nbsp;$44.00 |
| &nbsp;&nbsp;Charlotte, NC | &nbsp;&nbsp;6.7 mi | &nbsp;&nbsp;1988 / 2019 | &nbsp;&nbsp;Capitala | &nbsp;&nbsp;15537 | &nbsp;&nbsp;Sep-25 | &nbsp;&nbsp;5.3 | &nbsp;&nbsp;$44.00 |

---

(1) Source: Appraisal.

(2) Based on the underwritten rent roll dated February 20, 2026.

**The Borrower and the Borrower Sponsors.** The borrower is NW JJH Building LP, a Delaware limited partnership and special purpose entity with two independent directors in its organizational structure. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Harris Building Mortgage Loan.

The borrower sponsor is Northwood Real Estate Partners LP and the non-recourse carveout guarantor is NW BCP Holdings LP, a Delaware limited partnership; a subsidiary of Northwood Investors LLC ("**<u>Northwood</u>**"). Northwood is a privately-owned, employee-held registered investment advisor that was founded in 2006 by John Z. Kukral, former President and CEO of Blackstone Real Estate Advisors. Northwood invests alongside institutional and private clients in a broad range of real estate and real estate-related investment opportunities across the US and Europe, with approximately $7.4 billion of assets under management as of 2025. The Northwood team has deep experience in sourcing, executing, and managing real estate transactions worldwide, ranging from office buildings and shopping centers to hotels and residential investments.

**Property Management**. The Harris Building Property is managed by Northwood Office LLC., a Delaware limited liability company, an affiliate of the sponsor.

**Initial and Ongoing Reserves**. At origination of the Harris Building Mortgage Loan, the borrower deposited approximately: (i) $6,743,787 into a leasing reserve for approved leasing expenses on the TD Bank space, (ii) $803,506 into a free rent reserve and (iii) $159,029 into a real estate tax reserve.

*Replacement Reserve* – On each monthly payment date, the borrower is required to deposit approximately $5,657 for replacements to the Harris Building Property capped at $67,889.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 47 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

---

*Approved Leasing Expenses Reserve* – On each monthly payment date, the borrower is required to deposit approximately $45,259 into a leasing reserve for future tenant improvements and leasing commissions.

*Tax Reserve –* On each monthly payment date, the borrower is required to deposit into a real estate tax reserve, on a monthly basis, 1/12th of the taxes that the lender estimates will be payable over the next-ensuing 12-month period (initially estimated to be approximately $39,757).

*Insurance Reserve –* On each monthly payment date, except if the Harris Building Property is insured under an acceptable blanket policy, the borrower is required to deposit into an insurance reserve an amount equal to 1/12th of the insurance premiums that the lender reasonably estimates will be payable for the renewal of the coverage afforded by the policies upon the expiration thereof. As of the origination date of the Harris Building Mortgage Loan, an acceptable blanket policy was in place.

**Lockbox / Cash Management.** The Harris Building Mortgage Loan is structured with a hard lockbox and springing cash management. The borrower is required to direct the tenants to pay rent directly into the lockbox account, and the borrower and the property manager are required to deposit any rents otherwise received into such account within three business days after receipt. So long as no Trigger Period (as defined below) is continuing, the amounts on deposit in the lockbox account will be swept to the borrower's operating account. During the continuance of a Trigger Period, sums on deposit in the lockbox account are required to be transferred on a daily basis to a cash management account controlled by the lender, at a financial institution selected by the lender (and the borrower is required to cooperate with the lender and the cash management bank in the establishment of such account). Funds swept to the cash management account are required to be applied to payment of all monthly amounts due under the Harris Building Mortgage Loan documents (including, without limitation, tax and insurance reserves, debt service and other required reserves) and budgeted property operating expenses and approved extraordinary expenses, with any excess funds being deposited into a lease sweep reserve if a Lease Sweep Period (as defined below) is continuing or if a Lease Sweep Period is not then continuing, being deposited into a cash collateral account to be held by lender as additional collateral for the Harris Building Mortgage Loan during such Trigger Period. During an event of default under the Harris Building Mortgage Loan documents, all sums received from the Harris Building Property and all funds reserved with the lender may be applied to amounts owed under any of the Harris Building Mortgage Loan documents in such amounts, order and manner as the lender elects in its sole discretion.

A "**<u>Trigger Period</u>**" means a period: (A) commencing upon the earliest of (i) the occurrence and continuance of an event of default, (ii) if the property manager is a borrower or guarantor affiliate, certain bankruptcy or insolvency events of the property manager, (iii) the debt service coverage ratio falling below 1.20x for any calendar quarter (a "**<u>Low DSCR Period</u>**"), or (iv) a Lease Sweep Period, and (B) expiring upon, with regard to any Trigger Period commenced in connection with (v) clause (i) above, the cure (if applicable) of such event of default has been accepted by the lender, (w) clause (ii) above, if the manager is replaced by a qualified manager under the Harris Building Mortgage Loan documents, (x) clause (iii) above, (i) the Harris Building Mortgage Loan achieving a debt service coverage ratio of 1.20x or greater for one calendar quarter or (ii) borrower has deposited with the lender cash or a letter of credit in such amount that if applied to the outstanding principal balance would result in a cure of the Low DSCR Period (and in such event, such Trigger Period will cease immediately without any obligation to wait one calendar quarter), or (z) clause (iv) above, the Lease Sweep Period ceasing to exist (and no other Lease Sweep Period is then continuing).

A "**<u>Lease Sweep Period</u>**" will commence upon (a) the earlier of (i) the date that is twelve months prior to the expiration of a Lease Sweep Lease (as defined below) and (ii) the date required under the Lease Sweep Lease by which the Sweep Tenant (as defined below) is required to give notice of its exercise of a renewal option thereunder (and has not done so); (b) upon the early termination, early cancellation or early surrender of a Lease Sweep Lease or upon the borrower's receipt of notice by a Sweep Tenant of its intent to effect an early termination, early cancellation or early surrender of its Lease Sweep Lease; (c) if (i) a Sweep Tenant discontinues its business at the Harris Building Property (i.e., "goes dark") in 50% or more of its space at the Harris Building Property for a period of at least 60 consecutive days and (ii) there exists a decline in the credit rating of the Sweep Tenant under a Lease Sweep Lease (or its parent entity) below "BBB" or equivalent by any rating agency; (d) upon a monetary or material nonmonetary default under a Lease Sweep Lease by a Sweep Tenant beyond any applicable notice and cure period, or (e) upon a bankruptcy or insolvency proceeding of a Sweep Tenant or its parent or lease guarantor.

A Lease Sweep Period will end (A) in the case of clauses (a) and (b) above, if the entirety of the square footage demised under the Lease Sweep Lease has been re-tenanted pursuant to one or more "qualified leases" as defined in the Harris Building Mortgage Loan documents and, in the lender's judgment, sufficient funds have been accumulated in the lease sweep reserve to cover all anticipated tenant improvement and leasing commissions and free and/or abated rent in connection therewith (the "**<u>Lease Sweep Re-tenanting Costs</u>**") and any debt service and operating shortfalls relating to the delay in the commencement of full rent payments, (B) in the case of clause (a) above, the applicable Lease Sweep Lease has been renewed or extended and sufficient funds have been accumulated in the lease sweep reserve to cover Lease Sweep Re-tenanting Costs, (C) in the case of clause (c) above, (i) the entirety of the Lease Sweep Space (or applicable portion thereof) is leased pursuant to one or more "qualified leases" and, in the lender's reasonable judgment, and sufficient funds have been accumulated in the lease sweep reserve to cover Lease Sweep Re-tenanting Costs and any debt service and operating shortfalls relating to the delay in the commencement of full rent payments and (ii) the credit rating of the Lease Sweep Tenant under a

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 48 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Office – Suburban<br> 13024 Ballantyne Corporate Place<br> Charlotte, NC 28277 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 5<br> **Harris Building** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $64,000,000<br> 59.9%<br> 1.78x<br> 12.4% |

---

Lease Sweep Lease (or its parent entity) has been restored to at least "BBB" or equivalent by the relevant rating agencies, (D) in the case of clause (d) above, if the default has been cured and no other default occurs under the Lease Sweep Lease for a period of two consecutive months following such cure, and (E) in the case of clause (e) above, if the applicable bankruptcy or insolvency proceeding has terminated and the applicable Lease Sweep Lease, and any guaranty thereof, has been affirmed or assumed without modification pursuant to a final non-appealable order of the bankruptcy court, all defaults under the Lease Sweep Lease are cured and the Sweep Tenant is in occupancy of its premises and paying full, unabated rent, and adequate assurance of future performance under the Lease Sweep Lease and any guaranty has been provided. A Lease Sweep Period under any clause above will also cease on the date on which funds have accumulated in the lease sweep reserve in an amount equal to at least: (x) $50 per SF with respect to any portion of the space demised under the applicable Lease Sweep Lease that has not been leased pursuant to one or more qualified leases, and (y) to the extent a portion of the Lease Sweep Lease space has been leased pursuant to one or more qualified leases, in the lender's reasonable judgment, sufficient funds have been accumulated in the lease sweep reserve to cover Lease Sweep Re-tenanting Costs and any debt service and operating shortfalls relating to the delay in the commencement of full rent payments.

A "**<u>Lease Sweep Lease</u>**" means (i) that certain lease dated July 3, 2025, between the borrower and TD Bank, N.A., as amended by that certain first amendment to office lease, dated as of July 21, 2025, as affected by that certain commencement date agreement, dated as of December 29, 2025, as further amended by that certain 7<sup>th</sup> floor expansion date agreement, dated as of December 29, 2025, and (ii) any replacement lease that covers a majority of the space currently demised under the lease described in clause (i).

A "**<u>Sweep Tenant</u>**" means any tenant under a Lease Sweep Lease.

**Current Mezzanine or Secured Subordinate Indebtedness.** None.

**Permitted Future Mezzanine or Secured Subordinate Indebtedness.** Not permitted.

**Release of Collateral.** Not permitted.

**Ground Lease.** None.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 49 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

![](n5868prets_img012.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 50 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

![](n5868prets_img013.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 51 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Property Information** | &nbsp;&nbsp;**Property Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;CREFI | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Single Asset |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Refinance | &nbsp;&nbsp;**Property Type – Subtype:** | &nbsp;&nbsp;Other - Leased Fee |
| &nbsp;&nbsp;**Borrower Sponsor(s):** | &nbsp;&nbsp;The Gehr Group, Inc. | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s):** | &nbsp;&nbsp;Times Square Hospitality Fee I LLC | &nbsp;&nbsp;**Location:** | &nbsp;&nbsp;New York, NY |
| &nbsp;&nbsp;**Original Balance:** | &nbsp;&nbsp;$49500000 | &nbsp;&nbsp;**Year Built / Renovated:** | &nbsp;&nbsp;2009 / 2016 |
| &nbsp;&nbsp;**Cut-off Date Balance:** | &nbsp;&nbsp;$49500000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;Self-Managed |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;6.6% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;4,938 SF |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;5.80000% | &nbsp;&nbsp;**Appraised Value / Per SF:** | &nbsp;&nbsp;$62,500,000 / $12,657 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;April 13, 2026 | &nbsp;&nbsp;**Appraisal Date:** | &nbsp;&nbsp;March 9, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy<sup>(2)</sup>:** | &nbsp;&nbsp;NAP |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;100.0% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI:** | &nbsp;&nbsp;$3216995 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$3216995 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;June 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;May 6, 2031 | &nbsp;&nbsp;**Historical NOI<sup>(2)</sup>** | &nbsp;&nbsp;**Historical NOI<sup>(2)</sup>** |
| &nbsp;&nbsp;**Additional Debt Type:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Most Recent NOI:** | &nbsp;&nbsp;NAV |
| &nbsp;&nbsp;**Additional Debt Balance:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**2025 NOI:** | &nbsp;&nbsp;NAV |
| &nbsp;&nbsp;**Call Protection:** | &nbsp;&nbsp;L(24),D(29),O(7) | &nbsp;&nbsp;**2024 NOI:** | &nbsp;&nbsp;NAV |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Hard / Springing | &nbsp;&nbsp;**2023 NOI:** | &nbsp;&nbsp;NAV |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Financial Information** | &nbsp;&nbsp;**Financial Information** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / SF:** | $10024 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / SF:** | $10024 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | 79.2% |
|  |  |  |  | &nbsp;&nbsp;**Maturity Date LTV:** | 79.2% |
|  |  |  |  | &nbsp;&nbsp;**UW NOI DY:** | 6.5% |
|  |  |  |  | &nbsp;&nbsp;**UW NCF DSCR:** | 1.11x |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Mortgage Loan | &nbsp;&nbsp;$49500000 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;Loan Payoff | &nbsp;&nbsp;$46879394 | &nbsp;&nbsp;94.7% |
|  |  |  | &nbsp;&nbsp;Closing Costs<sup>(3)</sup> | &nbsp;&nbsp;2546865 | &nbsp;&nbsp;5.1 |
|  |  |  | &nbsp;&nbsp;Sponsor Equity | &nbsp;&nbsp;73742 | &nbsp;&nbsp;0.1 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$49500000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$49500000** | &nbsp;&nbsp;**100.0%** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) See "*Initial and Ongoing Reserves*" below for further discussion of reserve information.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Occupancy and Historical NOI is not available because the Four Points by Sheraton Times Square –
Leased Fee Mortgage Loan (as defined below) is subject to a ground lease between the borrower, as ground lessor, and Times Square Hospitality
I, LLC, an affiliate of the borrower, as ground lessee, and was underwritten based on contractual ground rent due to the borrower.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Closing costs include a rate buydown fee of $1,237,500.

**The Loan.** The sixth largest mortgage loan (the "**<u>Four Points by Sheraton Times Square - Leased Fee Mortgage Loan</u>**") is secured by the borrower's land/leased fee interest in 4,938 square feet of land beneath the Four Points by Sheraton Times Square Hotel (as defined below) located in the Times Square neighborhood of New York, New York (the "**<u>Four Points by Sheraton Times Square - Leased Fee Property</u>**"). The Four Points by Sheraton Times Square - Leased Fee Mortgage Loan was originated on April 13, 2026 by CREFI. The Four Points by Sheraton Times Square - Leased Fee Mortgage Loan is evidenced by one promissory note with an outstanding principal balance as of the Cut-off Date of $49,500,000. The Four Points by Sheraton Times Square - Leased Fee Mortgage Loan has a term of five years, is interest-only for the full term and accrues interest at a fixed rate of 5.80000% *per annum* on an Actual/360 basis. The scheduled maturity date of the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan is May 6, 2031.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 52 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

**The Property.** The Four Points by Sheraton Times Square - Leased Fee Property consists of the land/leased fee interest in 4,938 SF of land located in the Times Square neighborhood of New York, New York. The Four Points by Sheraton Times Square - Leased Fee Property is subject to a ground lease between the Four Points by Sheraton Times Square – Leased Fee Mortgage Loan borrower, as ground lessor and Times Square Hospitality I, LLC, an affiliate of the borrower, as ground lessee (the "**<u>Four Points by Sheraton Times Square Ground Lease</u>**"), which expires on June 30, 2115, with no termination or extension options other than due to casualty (during the last 24 months of the term) or substantial condemnation. The initial base rent for the Four Points by Sheraton Times Square Ground Lease was $2.4 million with 2.0% annual increases for the first ten years and increases of the greater of (y) 2.5% and (z) the Consumer Price Index (as defined below) thereafter (commencing in July 2026) provided that the base rent may not increase more than 12.0% during any four lease year period. The maximum estimated ground rent for 2026 is $2,978,645. Underwritten ground rent is based on the estimated five year average ground rent from the July 1, 2026 fiscal year through the July 1, 2030 fiscal year and equates to $3,216,995. The "**<u>Consumer Price Index</u>**" means the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor, New York, N.Y.—Northeastern N.J. Area, All Items (1982-84=100), or any successor index thereto, appropriately adjusted.

The Four Points by Sheraton Times Square – Leased Fee Property is improved by a 33-story, 244-room, select service hotel (the "**<u>Four Points by Sheraton Times Square Hotel</u>**") which is not collateral for the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan. The Four Points by Sheraton Times Square Hotel opened in 2009 and was most recently renovated in 2016. The Four Points by Sheraton Times Square Hotel features 131 king rooms, 96 double/double rooms, 13 king ADA rooms, and four suites. Amenities at the Four Points by Sheraton Times Square Hotel include a fitness center, two lobby-level food and beverage outlets, Gotham Bistro and Sammy's Bar, and a rooftop bar space which is shared with an adjacent non-collateral Fairfield Inn & Suites New York Manhattan Times Square hotel which is owned by the borrower sponsor. The rooftop bar space is not currently leased. Primary demand generators for the Four Points by Sheraton Times Square Hotel include Times Square, the Broadway Theater District, Madison Square Garden, the Jacob K. Javits Convention Center, Hudson Yards and surrounding retail, entertainment, and cultural attractions. The Four Points by Sheraton Times Square Hotel is subject to a franchise agreement between the ground lessee and The Sheraton LLC, which expires in 2039.

The following table presents certain information relating to the estimated demand analysis as of the trailing twelve months ending February 2026 with respect to the non-collateral Four Points by Sheraton Times Square Hotel based on market segmentation, as provided by a third-party market research report:

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** | &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** | &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** | &nbsp;&nbsp;**Demand Segmentation<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Rooms** | &nbsp;&nbsp;**Transient** | &nbsp;&nbsp;**Group** |
| &nbsp;&nbsp;Four Points by Sheraton Times Square Hotel | &nbsp;&nbsp;244 | &nbsp;&nbsp;78.8% | &nbsp;&nbsp;21.2% |

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(1) Source: Third-party hospitality research report.

The following table presents certain information relating to the current and historical Occupancy, ADR and RevPAR at the non-collateral Four Points by Sheraton Times Square Hotel and its competitors:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** | &nbsp;&nbsp;**Occupancy, ADR, RevPAR<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**Four Points by Sheraton Times Square Hotel <sup>(2)</sup>** | &nbsp;&nbsp;**Four Points by Sheraton Times Square Hotel <sup>(2)</sup>** | &nbsp;&nbsp;**Four Points by Sheraton Times Square Hotel <sup>(2)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)</sup>** | &nbsp;&nbsp;**Penetration Factor<sup>(4)</sup>** | &nbsp;&nbsp;**Penetration Factor<sup>(4)</sup>** | &nbsp;&nbsp;**Penetration Factor<sup>(4)</sup>** |
| &nbsp;&nbsp;**Period** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** |
| &nbsp;&nbsp;2023 | &nbsp;&nbsp;87.3% | &nbsp;&nbsp;$231.35 | &nbsp;&nbsp;$202.01 | &nbsp;&nbsp;89.2% | &nbsp;&nbsp;$231.93 | &nbsp;&nbsp;$206.87 | &nbsp;&nbsp;97.9% | &nbsp;&nbsp;99.8% | &nbsp;&nbsp;97.6% |
| &nbsp;&nbsp;2024 | &nbsp;&nbsp;92.4% | &nbsp;&nbsp;$240.84 | &nbsp;&nbsp;$222.64 | &nbsp;&nbsp;91.4% | &nbsp;&nbsp;$242.33 | &nbsp;&nbsp;$221.44 | &nbsp;&nbsp;101.2% | &nbsp;&nbsp;99.4% | &nbsp;&nbsp;100.5% |
| &nbsp;&nbsp;2025 | &nbsp;&nbsp;93.1% | &nbsp;&nbsp;$265.47 | &nbsp;&nbsp;$247.28 | &nbsp;&nbsp;93.6% | &nbsp;&nbsp;$254.28 | &nbsp;&nbsp;$238.13 | &nbsp;&nbsp;99.5% | &nbsp;&nbsp;104.4% | &nbsp;&nbsp;103.8% |
| &nbsp;&nbsp;TTM 2/28/2026 | &nbsp;&nbsp;93.1% | &nbsp;&nbsp;$267.43 | &nbsp;&nbsp;$249.02 | &nbsp;&nbsp;93.3% | &nbsp;&nbsp;$256.06 | &nbsp;&nbsp;$238.86 | &nbsp;&nbsp;99.8% | &nbsp;&nbsp;104.4% | &nbsp;&nbsp;104.3% |

---

(1) Variances between the underwriting, the appraisal and the above table with respect to Occupancy, ADR and
RevPAR at the Four Points by Sheraton Times Square Hotel are attributable to variances in reporting methodologies and/or timing differences.

(2) Occupancy, ADR and RevPAR for the Four Points by Sheraton Times Square Hotel are based on the underwritten
look-through cash flow.

(3) Occupancy, ADR and RevPAR for the Competitive Set are based on data provided by a third-party hospitality
research report. The Competitive Set consists of voco Times Square South, Fairfield Inn & Suites New York Manhattan Times Square (a
borrower sponsor owned hotel which is adjacent to the Four Points by Sheraton Times Square Hotel), Holiday Inn Express New York City Times
Square, Hampton by Hilton Inn Manhattan/Times Square South, Holiday Inn New York City Times Square, and Hilton Garden Inn New York Times
Square South.

(4) Penetration Factor is calculated based on the underwritten cash flow and competitive set data provided
by a third-party hospitality research report.

 **

 ****

 ****

 **

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 53 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

The following table presents certain information relating to the underwritten cash flows of the Four Points by Sheraton Times Square - Leased Fee Property:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** | &nbsp;&nbsp;**Cash Flow Analysis<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**UW** | &nbsp;&nbsp;**UW PSF<sup>(2)</sup>** |
| &nbsp;&nbsp;Base Rent<sup>(3)</sup> | &nbsp;&nbsp;$3216995 | &nbsp;&nbsp;$651 |
| &nbsp;&nbsp;**Gross Potential Rent** | &nbsp;&nbsp;**$3216995** | &nbsp;&nbsp;**$651** |
| &nbsp;&nbsp;Less: Vacancy | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 |
| &nbsp;&nbsp;**Effective Gross Income** | &nbsp;&nbsp;**$3216995** | &nbsp;&nbsp;**$651** |
| &nbsp;&nbsp;**Total Operating Expenses** | &nbsp;&nbsp;**$0** | &nbsp;&nbsp;**$0** |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$3216995** | &nbsp;&nbsp;**$651** |
| &nbsp;&nbsp;FF&E | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$3216995** | &nbsp;&nbsp;**$651** |
| &nbsp;&nbsp;**NCF DSCR** | &nbsp;&nbsp;**1.11x** |  |
| &nbsp;&nbsp;**NOI Debt Yield** | &nbsp;&nbsp;**6.5%** |  |

---

(1) Historical cash flows are not available since the underwritten financials are based
on contractual ground rent under the Four Points by Sheraton Times Square Ground Lease.

(2) Based on total leasehold SF of 4,938 SF of land.

(3) Represents the maximum 5-year average ground rent of $3,216,995.

The following table presents certain information relating to the look-through operating history and underwritten cash flows of the non-collateral Four Points by Sheraton Times Square Hotel:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** | **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** | **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** | **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** | **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** | **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** | **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** | **Non-Collateral Look-Through Cash Flow Analysis<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;**2023** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**TTM 2/26/2026** | &nbsp;&nbsp;**UW** | &nbsp;&nbsp;**UW Per Room<sup>(2)</sup>** |
| &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;76.9% | &nbsp;&nbsp;87.3% | &nbsp;&nbsp;92.4% | &nbsp;&nbsp;93.1% | &nbsp;&nbsp;93.1% | &nbsp;&nbsp;93.1% |  |
| &nbsp;&nbsp;ADR | &nbsp;&nbsp;$213.23 | &nbsp;&nbsp;$231.35 | &nbsp;&nbsp;$240.84 | &nbsp;&nbsp;$265.47 | &nbsp;&nbsp;$267.43 | &nbsp;&nbsp;$267.43 |  |
| &nbsp;&nbsp;RevPar | &nbsp;&nbsp;$163.97 | &nbsp;&nbsp;$202.01 | &nbsp;&nbsp;$222.64 | &nbsp;&nbsp;$247.28 | &nbsp;&nbsp;$249.02 | &nbsp;&nbsp;$249.02 |  |
| &nbsp;&nbsp;Rooms Revenue | &nbsp;&nbsp;$14603001 | &nbsp;&nbsp;$17991182 | &nbsp;&nbsp;$19882869 | &nbsp;&nbsp;$22022541 | &nbsp;&nbsp;$22177429 | &nbsp;&nbsp;$22177429 | &nbsp;&nbsp;$90891 |
| &nbsp;&nbsp;Food & Beverage Revenue | &nbsp;&nbsp;260238 | &nbsp;&nbsp;343506 | &nbsp;&nbsp;355133 | &nbsp;&nbsp;321852 | &nbsp;&nbsp;331836 | &nbsp;&nbsp;331836 | &nbsp;&nbsp;$1360 |
| &nbsp;&nbsp;Other Revenue<sup>(3)</sup> | &nbsp;&nbsp;53915 | &nbsp;&nbsp;62702 | &nbsp;&nbsp;117369 | &nbsp;&nbsp;144526 | &nbsp;&nbsp;149210 | &nbsp;&nbsp;1766306 | &nbsp;&nbsp;$7239 |
| &nbsp;&nbsp;**Total Revenue** | &nbsp;&nbsp;**$14917155** | &nbsp;&nbsp;**$18397390** | &nbsp;&nbsp;**$20355371** | &nbsp;&nbsp;**$22488919** | &nbsp;&nbsp;**$22658475** | &nbsp;&nbsp;**$24275571** | &nbsp;&nbsp;**$99490** |
| &nbsp;&nbsp;Rooms Expense | &nbsp;&nbsp;$3285610 | &nbsp;&nbsp;$4075806 | &nbsp;&nbsp;$4720560 | &nbsp;&nbsp;$4759507 | &nbsp;&nbsp;$4723481 | &nbsp;&nbsp;$4723481 | &nbsp;&nbsp;$19359 |
| &nbsp;&nbsp;Food & Beverage Expense | &nbsp;&nbsp;433321 | &nbsp;&nbsp;623818 | &nbsp;&nbsp;670002 | &nbsp;&nbsp;736552 | &nbsp;&nbsp;726302 | &nbsp;&nbsp;726302 | &nbsp;&nbsp;$2977 |
| &nbsp;&nbsp;Other Departmental Expenses<sup>(4)</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;4424 | &nbsp;&nbsp;5820 | &nbsp;&nbsp;9133 | &nbsp;&nbsp;9323 | &nbsp;&nbsp;494452 | &nbsp;&nbsp;$2026 |
| &nbsp;&nbsp;**Departmental Expenses** | &nbsp;&nbsp;**$3718931** | &nbsp;&nbsp;**$4704047** | &nbsp;&nbsp;**$5396382** | &nbsp;&nbsp;**$5505192** | &nbsp;&nbsp;**$5459106** | &nbsp;&nbsp;**$5944235** | &nbsp;&nbsp;**$24362** |
| &nbsp;&nbsp;**Departmental Profit** | &nbsp;&nbsp;**$11198224** | &nbsp;&nbsp;**$13693343** | &nbsp;&nbsp;**$14958989** | &nbsp;&nbsp;**$16983727** | &nbsp;&nbsp;**$17199369** | &nbsp;&nbsp;**$18331336** | &nbsp;&nbsp;**$75128** |
| &nbsp;&nbsp;Management Fee | &nbsp;&nbsp;$372929 | &nbsp;&nbsp;$459935 | &nbsp;&nbsp;$508884 | &nbsp;&nbsp;$562223 | &nbsp;&nbsp;$566462 | &nbsp;&nbsp;$606889 | &nbsp;&nbsp;$2487 |
| &nbsp;&nbsp;Administrative & General | &nbsp;&nbsp;950506 | &nbsp;&nbsp;1326901 | &nbsp;&nbsp;1549807 | &nbsp;&nbsp;1669149 | &nbsp;&nbsp;1650276 | &nbsp;&nbsp;1650276 | &nbsp;&nbsp;$6763 |
| &nbsp;&nbsp;Marketing & Franchise Fee | &nbsp;&nbsp;1015423 | &nbsp;&nbsp;1571195 | &nbsp;&nbsp;1806854 | &nbsp;&nbsp;2130510 | &nbsp;&nbsp;2212213 | &nbsp;&nbsp;2711237 | &nbsp;&nbsp;$11112 |
| &nbsp;&nbsp;Operations & Maintenance | &nbsp;&nbsp;616176 | &nbsp;&nbsp;756415 | &nbsp;&nbsp;827515 | &nbsp;&nbsp;846130 | &nbsp;&nbsp;777280 | &nbsp;&nbsp;777280 | &nbsp;&nbsp;$3186 |
| &nbsp;&nbsp;Other Undistributed Expenses<sup>(5)</sup> | &nbsp;&nbsp;620880 | &nbsp;&nbsp;625614 | &nbsp;&nbsp;687815 | &nbsp;&nbsp;738380 | &nbsp;&nbsp;767867 | &nbsp;&nbsp;767867 | &nbsp;&nbsp;$3147 |
| &nbsp;&nbsp;**Total Undistributed Expenses** | &nbsp;&nbsp;**$3575913** | &nbsp;&nbsp;**$4740059** | &nbsp;&nbsp;**$5380875** | &nbsp;&nbsp;**$5946392** | &nbsp;&nbsp;**$5974098** | &nbsp;&nbsp;**$6513550** | &nbsp;&nbsp;**$26695** |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;$1720089 | &nbsp;&nbsp;$1709638 | &nbsp;&nbsp;$1731014 | &nbsp;&nbsp;$1834982 | &nbsp;&nbsp;$1847206 | &nbsp;&nbsp;$1969381 | &nbsp;&nbsp;$8071 |
| &nbsp;&nbsp;Property Insurance | &nbsp;&nbsp;203354 | &nbsp;&nbsp;259626 | &nbsp;&nbsp;325911 | &nbsp;&nbsp;419936 | &nbsp;&nbsp;427236 | &nbsp;&nbsp;389941 | &nbsp;&nbsp;$1598 |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$5698868** | &nbsp;&nbsp;**$6984019** | &nbsp;&nbsp;**$7521189** | &nbsp;&nbsp;**$8782417** | &nbsp;&nbsp;**$8950829** | &nbsp;&nbsp;**$9458465** | &nbsp;&nbsp;**$38764** |
| &nbsp;&nbsp;FF&E | &nbsp;&nbsp;$596686 | &nbsp;&nbsp;$735896 | &nbsp;&nbsp;$814215 | &nbsp;&nbsp;$899557 | &nbsp;&nbsp;$906339 | &nbsp;&nbsp;$971023 | &nbsp;&nbsp;$3980 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$5102182** | &nbsp;&nbsp;**$6248123** | &nbsp;&nbsp;**$6706974** | &nbsp;&nbsp;**$7882860** | &nbsp;&nbsp;**$8044490** | &nbsp;&nbsp;**$8487442** | &nbsp;&nbsp;**$34785** |
| &nbsp;&nbsp;**NCF DSCR** | &nbsp;&nbsp;**1.75x** | &nbsp;&nbsp;**2.15x** | &nbsp;&nbsp;**2.30x** | &nbsp;&nbsp;**2.71x** | &nbsp;&nbsp;**2.76x** | &nbsp;&nbsp;**2.92x** |  |
| &nbsp;&nbsp;**NOI Debt Yield** | &nbsp;&nbsp;**11.5%** | &nbsp;&nbsp;**14.1%** | &nbsp;&nbsp;**15.2%** | &nbsp;&nbsp;**17.7%** | &nbsp;&nbsp;**18.1%** | &nbsp;&nbsp;**19.1%** |  |

---

(1) The "Non-Collateral Look Through Cash Flow Analysis" represents the
lender's estimates of the non-collateral Four Points by Sheraton Times Square Hotel income and expenses, not including ground rent
due under the Four Points by Sheraton Times Square Ground Lease.

(2) UW Per Room values are based on 244 rooms.

(3) Other Revenue includes proceeds from miscellaneous departments, including telecommunications,
laundry/valet service, attrition fees, commissions, and cancellation fees as well as a destination fee. The destination fee is a $30.00
daily charge that is anticipated to generate additional revenue for the hotel by bundling guest amenities, such as a daily $20.00 food
and beverage credit, museum admission, Citi Bike access, and enhanced Wi-Fi, into a single fee. The increase in Other Revenue from TTM
2/26/2026 to UW is due to the assumed implementation, as of April 2026, of the destination fee for 65.0% of the rooms accounting for $1,617,096
of Other Revenue.

(4) Other Departmental Expenses include costs associated with the provision of miscellaneous
departments, including telecommunications, and laundry/valet service as well as the destination fee expenses.

(5) Other Undistributed Expenses include heat, power and light, and information and
telecommunications expenses.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 54 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

**Appraisal.** According to the appraisal, the Four Points by Sheraton Times Square - Leased Fee Property had an "as-is" appraised value of $62,500,000 as of March 9, 2026. The table below shows the appraisal's "as-is" conclusions:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Four Points by Sheraton Times Square - Leased Fee Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Four Points by Sheraton Times Square - Leased Fee Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**Four Points by Sheraton Times Square - Leased Fee Appraised Value<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Appraised Value** | &nbsp;&nbsp;**Capitalization Rate** |
| &nbsp;&nbsp;Four Points by Sheraton Times Square - Leased Fee | &nbsp;&nbsp;$62500000 | &nbsp;&nbsp;4.70% |

---

(1) Source: Appraisal.

 ****

**Environmental.** According to the Phase I environmental assessment dated March 18, 2026, there were no recognized environmental conditions at the Four Points by Sheraton Times Square - Leased Fee Property.

**The Market.** The Four Points by Sheraton Times Square - Leased Fee Property is located beneath the Four Points by Sheraton Times Square Hotel located at 326 West 40th Street in the Times Square neighborhood of New York, New York. The Four Points by Sheraton Times Square - Leased Fee Property is located within three blocks of the Times Square – 42<sup>nd</sup> Street Subway station and the Port Authority Bus Terminal which together provide access to the 1, 2, 3, A, C, E, N, Q, R, W, B, D, F, M, 7 and S subway lines along with regional bus transportation to New Jersey, Pennsylvania, and throughout New York State. Primary demand generators for the Four Points by Sheraton Times Square Hotel include Times Square, the Broadway Theater District, Madison Square Garden, the Jacob K. Javits Convention Center, Hudson Yards and surrounding retail, entertainment, and cultural attractions.

The following table presents certain information relating to the ground lease competitive set of the Four Points by Sheraton Times Square - Leased Fee Property:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Hotel Ground Lease Analysis<sup>(1)</sup>** | **Hotel Ground Lease Analysis<sup>(1)</sup>** | **Hotel Ground Lease Analysis<sup>(1)</sup>** | **Hotel Ground Lease Analysis<sup>(1)</sup>** | **Hotel Ground Lease Analysis<sup>(1)</sup>** | **Hotel Ground Lease Analysis<sup>(1)</sup>** | **Hotel Ground Lease Analysis<sup>(1)</sup>** | **Hotel Ground Lease Analysis<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Location** | &nbsp;&nbsp;**Term** | &nbsp;&nbsp;**EBITDAR Coverage Ratio<sup>(2)</sup>** | &nbsp;&nbsp;**Ground Rent as % of NOI** | &nbsp;&nbsp;**Ground Rent per Room** | &nbsp;&nbsp;**Ground Rent as %<br> of Total Revenue** | &nbsp;&nbsp;**Ground Rent as %<br> of Rooms Revenue** |
| &nbsp;&nbsp;**Four Points by Sheraton Times Square - Leased Fee** | &nbsp;&nbsp;**New York, NY** | &nbsp;&nbsp;**99** | &nbsp;&nbsp;**2.7x** | &nbsp;&nbsp;**36%** | &nbsp;&nbsp;**$11640** | &nbsp;&nbsp;**13%** | &nbsp;&nbsp;**13%** |
| &nbsp;&nbsp;Sheraton Park Hotel at Anaheim | &nbsp;&nbsp;Anaheim, CA | &nbsp;&nbsp;64 | &nbsp;&nbsp;1.02x | &nbsp;&nbsp;50% | &nbsp;&nbsp;$3281 | &nbsp;&nbsp;5.3% | &nbsp;&nbsp;7.2% |
| &nbsp;&nbsp;Sofitel Hotel | &nbsp;&nbsp;Los Angeles, CA | &nbsp;&nbsp;75 | &nbsp;&nbsp;2.85x | &nbsp;&nbsp;26% | &nbsp;&nbsp;$4226 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;4.9% |
| &nbsp;&nbsp;Westin Los Angeles Airport | &nbsp;&nbsp;Los Angeles, CA | &nbsp;&nbsp;90 | &nbsp;&nbsp;1.21x | &nbsp;&nbsp;45% | &nbsp;&nbsp;$2366 | &nbsp;&nbsp;3.9% | &nbsp;&nbsp;5.3% |
| &nbsp;&nbsp;Marriott San Ramon | &nbsp;&nbsp;San Ramon, CA | &nbsp;&nbsp;78 | &nbsp;&nbsp;8.96x | &nbsp;&nbsp;10% | &nbsp;&nbsp;$2557 | &nbsp;&nbsp;3.1% | &nbsp;&nbsp;4.5% |
| &nbsp;&nbsp;Hotel Bardessono | &nbsp;&nbsp;Yountville, CA | &nbsp;&nbsp;100 | &nbsp;&nbsp;2.36x | &nbsp;&nbsp;30% | &nbsp;&nbsp;$22170 | &nbsp;&nbsp;7.6% | &nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;Marriott and AC Fort Lauderdale Airport Dania | &nbsp;&nbsp;Dania, FL | &nbsp;&nbsp;30 | &nbsp;&nbsp;6.82x | &nbsp;&nbsp;13% | &nbsp;&nbsp;$2477 | &nbsp;&nbsp;3.1% | &nbsp;&nbsp;4.0% |
| &nbsp;&nbsp;Hilton Orlando Buena Vista Palace Disney Springs | &nbsp;&nbsp;Orlando, FL | &nbsp;&nbsp;91 | &nbsp;&nbsp;2.59x | &nbsp;&nbsp;28% | &nbsp;&nbsp;$7365 | &nbsp;&nbsp;7.6% | &nbsp;&nbsp;14.4% |
| &nbsp;&nbsp;Holiday Inn Resort Jekyll Island | &nbsp;&nbsp;Jekyll Island, GA | &nbsp;&nbsp;76 | &nbsp;&nbsp;9.26x | &nbsp;&nbsp;10% | &nbsp;&nbsp;$1540 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;3.9% |
| &nbsp;&nbsp;Seafarer Inn & Suites Ascend Collection | &nbsp;&nbsp;Jekyll Island, GA | &nbsp;&nbsp;74 | &nbsp;&nbsp;7.09x | &nbsp;&nbsp;12% | &nbsp;&nbsp;$1142 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;3.5% |
| &nbsp;&nbsp;Doubletree Grand Naniloa Hotel | &nbsp;&nbsp;Hilo, HI | &nbsp;&nbsp;65 | &nbsp;&nbsp;2.38x | &nbsp;&nbsp;30% | &nbsp;&nbsp;$1583 | &nbsp;&nbsp;2.5% | &nbsp;&nbsp;4.0% |
| &nbsp;&nbsp;Outrigger Kona Resort & Spa | &nbsp;&nbsp;Kailua Kona, HI | &nbsp;&nbsp;65 | &nbsp;&nbsp;2.73x | &nbsp;&nbsp;27% | &nbsp;&nbsp;$2083 | &nbsp;&nbsp;2.8% | &nbsp;&nbsp;4.3% |
| &nbsp;&nbsp;Lincolnshire Marriott Resort | &nbsp;&nbsp;Lincolnshire, IL | &nbsp;&nbsp;142 | &nbsp;&nbsp;2.08x | &nbsp;&nbsp;32% | &nbsp;&nbsp;$3422 | &nbsp;&nbsp;3.4% | &nbsp;&nbsp;9.0% |
| &nbsp;&nbsp;Hyatt Centric New Orleans French Quarter | &nbsp;&nbsp;New Orleans, LA | &nbsp;&nbsp;78 | &nbsp;&nbsp;2.53x | &nbsp;&nbsp;28% | &nbsp;&nbsp;$4772 | &nbsp;&nbsp;6.5% | &nbsp;&nbsp;9.0% |
| &nbsp;&nbsp;Renaissance Boston Waterfront Hotel | &nbsp;&nbsp;Boston, MA | &nbsp;&nbsp;96 | &nbsp;&nbsp;3.78x | &nbsp;&nbsp;21% | &nbsp;&nbsp;$4404 | &nbsp;&nbsp;3.9% | &nbsp;&nbsp;5.5% |
| &nbsp;&nbsp;Le Méridien Boston Cambridge | &nbsp;&nbsp;Cambridge, MA | &nbsp;&nbsp;65 | &nbsp;&nbsp;9.24x | &nbsp;&nbsp;10% | &nbsp;&nbsp;$3485 | &nbsp;&nbsp;3.0% | &nbsp;&nbsp;3.7% |
| &nbsp;&nbsp;Hilton Garden Inn Plymouth | &nbsp;&nbsp;Plymouth, MI | &nbsp;&nbsp;68 | &nbsp;&nbsp;4.66x | &nbsp;&nbsp;18% | &nbsp;&nbsp;$1465 | &nbsp;&nbsp;3.9% | &nbsp;&nbsp;4.4% |
| &nbsp;&nbsp;InterContinental Minneapolis St. Paul Airport | &nbsp;&nbsp;Saint Paul, MN | &nbsp;&nbsp;75 | &nbsp;&nbsp;4.98x | &nbsp;&nbsp;17% | &nbsp;&nbsp;$1312 | &nbsp;&nbsp;1.9% | &nbsp;&nbsp;3.2% |
| &nbsp;&nbsp;Ace Hotel Brooklyn | &nbsp;&nbsp;Brooklyn, NY | &nbsp;&nbsp;99 | &nbsp;&nbsp;3.20x | &nbsp;&nbsp;24% | &nbsp;&nbsp;$6319 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;5.9% |
| &nbsp;&nbsp;CitizenM New York Times Square | &nbsp;&nbsp;New York, NY | &nbsp;&nbsp;99 | &nbsp;&nbsp;3.83x | &nbsp;&nbsp;21% | &nbsp;&nbsp;$3826 | &nbsp;&nbsp;4.1% | &nbsp;&nbsp;4.6% |
| &nbsp;&nbsp;The Roger | &nbsp;&nbsp;New York, NY | &nbsp;&nbsp;49 | &nbsp;&nbsp;7.30x | &nbsp;&nbsp;12% | &nbsp;&nbsp;$2049 | &nbsp;&nbsp;2.2% | &nbsp;&nbsp;2.6% |
| &nbsp;&nbsp;Courtyard by Marriott Newburgh Stewart Airport | &nbsp;&nbsp;Newburgh, NY | &nbsp;&nbsp;60 | &nbsp;&nbsp;3.65x | &nbsp;&nbsp;21% | &nbsp;&nbsp;$1321 | &nbsp;&nbsp;4.0% | &nbsp;&nbsp;4.4% |
| &nbsp;&nbsp;Hilton Garden Inn Blacksburg | &nbsp;&nbsp;Blacksburg, VA | &nbsp;&nbsp;65 | &nbsp;&nbsp;9.79x | &nbsp;&nbsp;9% | &nbsp;&nbsp;$874 | &nbsp;&nbsp;2.5% | &nbsp;&nbsp;2.8% |
| &nbsp;&nbsp;Embassy Suites SeaTac | &nbsp;&nbsp;Seattle, WA | &nbsp;&nbsp;120 | &nbsp;&nbsp;7.19x | &nbsp;&nbsp;12% | &nbsp;&nbsp;$1829 | &nbsp;&nbsp;3.3% | &nbsp;&nbsp;3.6% |
| &nbsp;&nbsp;Residence Inn by Marriott Seattle Downtown Convention Center | &nbsp;&nbsp;Seattle, WA | &nbsp;&nbsp;108 | &nbsp;&nbsp;2.27x | &nbsp;&nbsp;31% | &nbsp;&nbsp;$7315 | &nbsp;&nbsp;9.7% | &nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;**Maximum** |  | &nbsp;&nbsp;**142** | &nbsp;&nbsp;**9.79x** | &nbsp;&nbsp;**50%** | &nbsp;&nbsp;**$22170** | &nbsp;&nbsp;**9.7%** | &nbsp;&nbsp;**14.4%** |
| &nbsp;&nbsp;**Average** |  | &nbsp;&nbsp;**81** | &nbsp;&nbsp;**4.66x** | &nbsp;&nbsp;**22%** | &nbsp;&nbsp;**$3883** | &nbsp;&nbsp;**4.1%** | &nbsp;&nbsp;**5.7%** |
| &nbsp;&nbsp;**Median** |  | &nbsp;&nbsp;**76** | &nbsp;&nbsp;**3.72x** | &nbsp;&nbsp;**21%** | &nbsp;&nbsp;**$2517** | &nbsp;&nbsp;**3.4%** | &nbsp;&nbsp;**4.5%** |
| &nbsp;&nbsp;**Minimum** |  | &nbsp;&nbsp;**30** | &nbsp;&nbsp;**1.02x** | &nbsp;&nbsp;**9%** | &nbsp;&nbsp;**$874** | &nbsp;&nbsp;**1.9%** | &nbsp;&nbsp;**2.6%** |

---

(1) Source: Appraisal.

(2) The EBITDAR Coverage Ratio represents the ratio of (i) earnings before interest,
taxes, depreciation, amortization and rent to (ii) the ground rent for each comparable property.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 55 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

The following table presents certain information relating to the competitive set of the non-collateral Four Points by Sheraton Times Square Hotel:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Hotel Competitive Set<sup>(1)</sup>** | &nbsp;&nbsp;**Hotel Competitive Set<sup>(1)</sup>** | &nbsp;&nbsp;**Hotel Competitive Set<sup>(1)</sup>** | &nbsp;&nbsp;**Hotel Competitive Set<sup>(1)</sup>** | &nbsp;&nbsp;**Hotel Competitive Set<sup>(1)</sup>** | &nbsp;&nbsp;**Hotel Competitive Set<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Number of Rooms** | &nbsp;&nbsp;**Year Opened** | &nbsp;&nbsp;**Estimated 2025 Occupancy** | &nbsp;&nbsp;**Estimated 2025 ADR** | &nbsp;&nbsp;**Estimated 2025 RevPAR** |
| &nbsp;&nbsp;**Four Points by Sheraton Times Square - Hotel<sup>(2)</sup>** | &nbsp;&nbsp;**244** | &nbsp;&nbsp;**2009** | &nbsp;&nbsp;**93.1%** | &nbsp;&nbsp;**$267.43** | &nbsp;&nbsp;**$249.02** |
| &nbsp;&nbsp;voco Times Square South | &nbsp;&nbsp;224 | &nbsp;&nbsp;2008 | &nbsp;&nbsp;90% - 95% | &nbsp;&nbsp;$255 - $265 | &nbsp;&nbsp;$235 - $245 |
| &nbsp;&nbsp;Fairfield Inn & Suites by Marriott New York Manhattan/Times Square<sup>(3)</sup> | &nbsp;&nbsp;244 | &nbsp;&nbsp;2009 | &nbsp;&nbsp;95% - 100% | &nbsp;&nbsp;$265 - $275 | &nbsp;&nbsp;$250 - $260 |
| &nbsp;&nbsp;Holiday Inn Express New York City Times Square | &nbsp;&nbsp;210 | &nbsp;&nbsp;2009 | &nbsp;&nbsp;90% - 95% | &nbsp;&nbsp;$245 - $255 | &nbsp;&nbsp;$220 - $230 |
| &nbsp;&nbsp;Hampton Inn Manhattan Times Square South | &nbsp;&nbsp;184 | &nbsp;&nbsp;2009 | &nbsp;&nbsp;90% - 95% | &nbsp;&nbsp;$265 - $275 | &nbsp;&nbsp;$235 - $245 |
| &nbsp;&nbsp;Holiday Inn Times Square | &nbsp;&nbsp;271 | &nbsp;&nbsp;2015 | &nbsp;&nbsp;95% - 100% | &nbsp;&nbsp;$230 - $240 | &nbsp;&nbsp;$225 - $235 |
| &nbsp;&nbsp;Hilton Garden Inn Times Square South | &nbsp;&nbsp;250 | &nbsp;&nbsp;2017 | &nbsp;&nbsp;95% - 100% | &nbsp;&nbsp;$250 - $260 | &nbsp;&nbsp;$240 - $250 |
| &nbsp;&nbsp;**Total Avg. Competitive Set** | &nbsp;&nbsp;**1627** |  | &nbsp;&nbsp;**94.0%** | &nbsp;&nbsp;**$255.95** | &nbsp;&nbsp;**$239.50** |

---

(1) Source: Appraisal. Variances between the underwriting, the appraisal and the above
table with respect to Occupancy, ADR and RevPAR at the Four Points by Sheraton Times Square Hotel are attributable to variances in reporting
methodologies and/or timing differences.

(2) Based on the underwritten look-through cash flow.

(3) Adjacent hotel owned by the borrower sponsor.

**The Borrower and the Borrower Sponsors.** The borrower is Times Square Hospitality Fee I LLC, a Delaware limited liability company and single purpose entity with one independent manager in its organizational structure. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan.

The borrower sponsor and non-recourse carveout guarantor is The Gehr Group, Inc. ("**<u>The Gehr Group</u>**"). Founded in 1965, The Gehr Group is a diversified multinational holding company with principal business units engaged in international trade, real estate, hospitality, manufacturing, wholesale and distribution. The real estate and hospitality arms of The Gehr Group engage in the ownership and operation of hotels, commercial shopping centers, industrial and multifamily residential real estate in California, New York and Florida. In the past 30 years, The Gehr Group has owned and operated two hotels, over 1,000 multifamily residential units and over 1.0 million square feet of industrial, office and retail space. The Gehr Group also owns the Four Points by Sheraton Times Square Hotel.

**Property Management.** The Four Points by Sheraton Times Square – Leased Fee Property is self-managed. The Four Points by Sheraton Times Square Hotel is managed by Gehr Hospitality, LLC, a borrower affiliated management company.

**Initial and Ongoing Reserves.** 

*Tax Escrows –* For so long as (i) the Reserve Waiver Conditions (as defined below) are satisfied and (ii) no Ground Tenant Trigger Period (as defined below) exists, the borrower is not required to reserve for real estate taxes. If the foregoing conditions are not satisfied, the borrower is required to deposit into a real estate tax reserve, on a monthly basis, 1/12th of the taxes that are required to be paid by the borrower or that the lender estimates will be payable over the next-ensuing 12-month period.

"**<u>Reserve Waiver Conditions</u>**" means (i) no event of default exists under the Four Points by Sheraton Times Square – Leased Fee Mortgage Loan, (ii) the Four Points by Sheraton Times Square Ground Lease is in full force and affect with no defaults that would be reasonably likely to adversely affect the ground lessee's ability to perform its obligations relating to the obligations and liabilities for which the applicable reserve account was established and delivers evidence of the same to the lender by no later than five days prior to when the same were due, (iii) the ground lessee continues to make the payments and perform the obligations for which the applicable reserve account was established and delivers evidence of the same no later than five days prior to the same were due, and (iv) the ground lessee is not bankrupt or insolvent.

A "**<u>Ground Tenant Trigger Period</u>**" means a period:

(A) commencing upon the first to occur of (i) the ground lessee being in monetary default or material non-monetary default under the Four Points by Sheraton Times Square Ground Lease beyond applicable notice, cure and grace periods, (ii) the ground leased premises are abandoned by the ground lessee for a period of 60 days or more after written notice from the ground lessor, (iii) the ground lessee giving notice that it is terminating the Four Points by Sheraton Times Square Ground Lease for all or any portion of the Four Points by Sheraton Times Square – Leased Fee Property, (iv) any termination or cancellation of the Four Points by Sheraton Times Square Ground Lease (including, without limitation, rejection in any bankruptcy or similar insolvency proceeding) and/or the Four Points by Sheraton Times Square Ground Lease failing to otherwise be in full force and effect, and (v) any bankruptcy or similar insolvency of the ground lessee; and

(B) expiring upon the first to occur of the lender's receipt of evidence reasonably acceptable to the lender (which such evidence shall include, without limitation, a duly executed estoppel certificate from the ground lessee) of the satisfaction of the applicable Ground Tenant Cure Condition(s).

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 56 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Other – Leased Fee<br> 326 West 40th Street<br> New York, NY 10018 | &nbsp;&nbsp; Collateral Asset Summary – Loan No. 6<br> **Four Points by Sheraton Times <br> Square - Leased Fee** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $49,500,000<br> 79.2%<br> 1.11x<br> 6.5% |

---

"**<u>Ground Tenant Cure Conditions</u>**" means each of the following, as applicable (i) the ground lessee has cured all monetary and non-monetary defaults under the Four Points by Sheraton Times Square Ground Lease, (ii) with respect to the abandonment of the Four Points by Sheraton Times Square Hotel by the ground lessee as described in clause (A)(ii) of the definition of Ground Tenant Trigger Period, the ground lessee is in actual, physical possession of the Four Points by Sheraton Times Square Hotel and open for business during customary hours and not "dark" at the Four Points by Sheraton Times Square Hotel (or applicable portion thereof), (iii) the ground lessee has revoked or rescinded all termination or cancellation notices with respect to the Four Points by Sheraton Times Square Ground Lease and has re-affirmed the Four Points by Sheraton Times Square Ground Lease as being in full force and effect, (iv) with respect to any applicable bankruptcy or insolvency proceedings involving the ground lessee and/or the Four Points by Sheraton Times Square Ground Lease, the ground lessee is no longer insolvent or subject to any bankruptcy or insolvency proceedings and has affirmed the Four Points by Sheraton Times Square Ground Lease pursuant to final, non-appealable order of a court of competent jurisdiction and (v) the ground lessee is paying full, unabated rent under the Four Points by Sheraton Times Square Ground Lease.

*Insurance Reserve* – For so long as (i) the Reserve Waiver Conditions are satisfied and (ii) no Ground Tenant Trigger Period exists, the borrower is not required to reserve for insurance premiums. If the foregoing conditions are not satisfied, at the lender's option, if the liability or casualty policy maintained by the borrower is not an approved blanket or umbrella policy, or the lender requires the borrower to obtain a separate policy, the borrower is required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount which would be sufficient to pay the insurance premiums due for the renewal of coverage afforded by the insurance policies.

**Lockbox / Cash Management.** The Four Points by Sheraton Times Square - Leased Fee Mortgage Loan is structured with a hard lockbox and springing cash management. At origination, the borrower was required to establish and maintain a lender-controlled lockbox account into which the borrower is required to immediately deposit, or cause the property manager to immediately deposit, all revenue generated by the Four Points by Sheraton Times Square - Leased Fee Property. In addition, on the origination date, the borrower was required to deliver a direction letter to the ground lessee directing it to pay all rent and other sums due under the Four Points by Sheraton Times Square Ground Lease into the lender-controlled lockbox account. All funds deposited into the lockbox account are required to be transferred on each business day to or at the direction of the borrower unless a Trigger Period (as defined below) exists, in which case, at the lender's election, all funds in the lockbox account are required to be swept on each business day to a lender-controlled cash management account to be applied and disbursed in accordance with the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan documents, and all excess cash flow funds remaining in the cash management account after the application of such funds in accordance with the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan documents are required to be held by the lender in an excess cash flow reserve account as additional collateral for the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan. Upon the cure of the applicable Trigger Period, so long as no event of default exists, the lender is required to return any amounts remaining on deposit in the excess cash flow reserve account to the borrower. Upon an event of default under the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan documents, the lender may apply funds to the debt in such priority as it may determine.

A "**<u>Trigger Period</u>**" means the period commencing on the earliest of (i) the occurrence and continuance of an event of default, and (ii) the occurrence of a Ground Tenant Trigger Period; and expiring upon (x) with respect to clause (i) above, the cure of the applicable event of default, and (y) with respect to clause (ii) above, a Ground Tenant Trigger Period ceasing to exist in accordance with the terms of the Four Points by Sheraton Times Square - Leased Fee Mortgage Loan documents.

**Current Mezzanine or Secured Subordinate Indebtedness.** None.

**Permitted Future Mezzanine or Secured Subordinate Indebtedness.** Not permitted.

**Release of Collateral.** Not permitted.

**Ground Lease.** The borrower owns the Four Points by Sheraton Times Square - Leased Fee Property in fee, and ground leases it to the affiliated ground lessee under the Four Points by Sheraton Times Square Ground Lease.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 57 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 7<br> **StorQuest Self-Storage Five- Pack** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $40,216,000<br> 56.9%<br> 1.30x<br> 8.3% |

---

![](n5868prets_img014.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 58 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 7<br> **StorQuest Self-Storage Five- Pack** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $40,216,000<br> 56.9%<br> 1.30x<br> 8.3% |

---

![](n5868prets_img015.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 59 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 7<br> **StorQuest Self-Storage Five- Pack** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $40,216,000<br> 56.9%<br> 1.30x<br> 8.3% |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Properties Information** | &nbsp;&nbsp;**Properties Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;GSMC | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Portfolio |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Refinance | &nbsp;&nbsp;**Properties Type – Subtype:** | &nbsp;&nbsp;Self Storage - Self Storage |
| &nbsp;&nbsp;**Borrower Sponsor(s):** | &nbsp;&nbsp;American Storage Partners, LLC and American Storage Partners II, LLC | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s)<sup>(1)</sup>:** | &nbsp;&nbsp;Various | &nbsp;&nbsp;**Location<sup>(3)</sup>:** | &nbsp;&nbsp;Various, Various |
| &nbsp;&nbsp;**Original Balance:** | &nbsp;&nbsp;$40216000 | &nbsp;&nbsp;**Year Built / Renovated<sup>(3)</sup>:** | &nbsp;&nbsp;Various / Various |
| &nbsp;&nbsp;**Cut-off Date Balance:** | &nbsp;&nbsp;$40216000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;William Warren Properties, Inc. |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;5.4% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;349,399 SF |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;6.20300% | &nbsp;&nbsp;**Appraised Value / Per SF<sup>(4)</sup>:** | &nbsp;&nbsp;$70,700,000 / $202 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;April 1, 2026 | &nbsp;&nbsp;**Appraisal Date<sup>(4)</sup>:** | &nbsp;&nbsp;March 13, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy<sup>(5)</sup>:** | &nbsp;&nbsp;80.4% (as of March 23, 2026) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;95.0% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI:** | &nbsp;&nbsp;$3325120 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$3279146 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;May 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;April 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Most Recent NOI:** | &nbsp;&nbsp;$3,428,811 (TTM February 28, 2026) |
| &nbsp;&nbsp;**Additional Debt Balance:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**2025 NOI:** | &nbsp;&nbsp;$3397717 |
| &nbsp;&nbsp;**Call Protection:** | &nbsp;&nbsp;L(23),YM1(30),O(7) | &nbsp;&nbsp;**2024 NOI:** | &nbsp;&nbsp;$3329586 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Springing / Springing | &nbsp;&nbsp;**2023 NOI:** | &nbsp;&nbsp;$3195760 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Reserves<sup>(2)</sup>** | &nbsp;&nbsp;**Financial Information** | &nbsp;&nbsp;**Financial Information** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / SF:** | $115 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$244916 | &nbsp;&nbsp;$78230 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / SF:** | $115 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV<sup>(4)</sup>:** | 56.9% |
| &nbsp;&nbsp;**Capital Expenditure Reserves:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;$160581 | &nbsp;&nbsp;**Maturity Date LTV<sup>(4)</sup>:** | 56.9% |
| &nbsp;&nbsp;**Seasonality Reserve:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | 8.3% |
|  |  |  |  | &nbsp;&nbsp;**UW NCF DSCR:** | 1.30x |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp; Mortgage Loan | &nbsp;&nbsp;$40216000 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;Loan Payoff | &nbsp;&nbsp;$38750408 | &nbsp;&nbsp;96.4% |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;648102 | &nbsp;&nbsp;1.6 |
|  |  |  | &nbsp;&nbsp;Return of Equity | &nbsp;&nbsp;572573 | &nbsp;&nbsp;1.4 |
|  |  |  | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;244916 | &nbsp;&nbsp;0.6 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$40216000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$40216000** | &nbsp;&nbsp;**100.0%** |

---

(1) See "*The Borrowers and the Borrower Sponsor*" below.

(2) See "*Initial and Ongoing Reserves"* below for further discussion of reserve information.

(3) See "*Portfolio Summary"* below.

(4) Based on the portfolio appraised value of $70,700,000 as of March 13, 2026, which is inclusive of an approximately
5.1% portfolio premium and reflects the "as-is" values of the StorQuest Self-Storage Five-Pack Properties (as defined below)
as a whole if sold in their entirety to a single buyer. The aggregate as-is appraised value of the StorQuest Self-Storage Five-Pack Properties
is $67,290,000. The Cut-off Date LTV and Maturity Date LTV of the StorQuest Self-Storage Five-Pack Mortgage Loan (as defined below) based
upon the aggregate individual "as-is" appraised value are 59.8% and 59.8%, respectively.

(5) Occupancy is based on occupied SF.

**The Loan.** The seventh largest mortgage loan (the "**<u>StorQuest Self-Storage Five-Pack Mortgage Loan</u>**") is a fixed rate loan secured by first mortgages and deeds of trust encumbering the borrowers' fee interests in five self-storage properties located in Colorado, Arizona, Florida, New York, and Connecticut (the "**<u>StorQuest Self-Storage Five-Pack Properties</u>**"). The StorQuest Self-Storage Five-Pack Mortgage Loan is evidenced by a single promissory note with an original principal balance and outstanding principal balance as of the Cut-off Date of $40,216,000.

The StorQuest Self-Storage Five-Pack Mortgage Loan was originated by Goldman Sachs Bank USA ("**<u>GSBI</u>**"), an affiliate of the loan seller, on April 1, 2026. The StorQuest Self-Storage Five-Pack Mortgage Loan has a five year interest-only term and accrues interest at a fixed rate of 6.20300% *per annum* on an Actual/360 basis. The StorQuest Self-Storage Five-Pack Mortgage Loan proceeds were used to refinance existing debt of approximately $38.8 million, fund upfront reserves, pay origination costs and return equity to the borrower sponsors.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 60 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 7<br> **StorQuest Self-Storage Five- Pack** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $40,216,000<br> 56.9%<br> 1.30x<br> 8.3% |

---

The StorQuest Self-Storage Five-Pack Mortgage Loan had an initial term of 60 months and has a remaining term of 59 months as of the Cut-off Date. The scheduled maturity date of the StorQuest Self-Storage Five-Pack Mortgage Loan is the payment date in April 2031. At any time on or after the first payment date following the second anniversary of the origination date, the StorQuest Self-Storage Five-Pack Mortgage Loan may be prepaid in whole, or as described below under "*Release of Collateral*" in part, with payment of a yield maintenance premium. Voluntary prepayment of the StorQuest Self-Storage Five-Pack Mortgage Loan without payment of any yield maintenance premium is permitted on or after the payment date occurring in October 2030.

**The Properties.** The StorQuest Self-Storage Five-Pack Properties are a portfolio of five self storage properties totaling 4,102 units with one property located in Colorado (the "**<u>StorQuest Golden Property</u>**"), one property located in Arizona (the "**<u>StorQuest Tucson Property</u>**"), one property located in Florida (the "**<u>StorQuest Naples Property</u>**"), one property located in New York (the "**<u>StorQuest Port Chester Property</u>**") and one property located in Connecticut (the "**<u>StorQuest New Haven Property</u>**"). The StorQuest Self-Storage Five-Pack Properties were built between 1906 and 2021. The StorQuest Self-Storage Five-Pack Properties range in size from 53,061 to 87,050 square feet and contain between 524 and 1,073 units. The StorQuest Self-Storage Five-Pack Properties have a granular rent roll with no individual property accounting for more than 28.6% of underwritten net cash flow.

The following table presents certain information relating to the StorQuest Self-Storage Five-Pack Properties:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** | **Portfolio Summary** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Location** | &nbsp;&nbsp;**Allocated<br> Loan Amount ("ALA")** | &nbsp;&nbsp;**% of ALA** | &nbsp;&nbsp; **Occupancy<sup>(1)</sup>** | &nbsp;&nbsp;**Year Built / Renovated** | &nbsp;&nbsp;**Net Rentable Area (SF)<sup>(1)</sup>** | &nbsp;&nbsp;**Units<sup>(1)</sup>** | &nbsp;&nbsp;**As-Is Appraised Value** | &nbsp;&nbsp;**% of UW NCF<sup>(2)</sup>** |
| StorQuest Naples | Naples, FL | $11466000 | 28.5% | 88.3% | 2021 / NAP | &nbsp;&nbsp;83625 | &nbsp;&nbsp;936 | $19300000 | 28.6% |
| StorQuest Port Chester | Port Chester, NY | $8450000 | 21.0% | 85.6% | 1906 / 1992 | &nbsp;&nbsp;53061 | &nbsp;&nbsp;955 | $14600000 | 20.7% |
| StorQuest Golden | Golden, CO | $8000000 | 19.9% | 79.5% | 2002-2003 / NAP | &nbsp;&nbsp;87050 | &nbsp;&nbsp;524 | $12890000 | 20.1% |
| StorQuest New Haven | New Haven, CT | $6450000 | 16.0% | 64.3% | 1917 / 2000 | &nbsp;&nbsp;62943 | &nbsp;&nbsp;1073 | $11450000 | 14.8% |
| StorQuest Tucson | Tucson, AZ | $5850000 | 14.5% | 83.1% | 1996 / NAP | &nbsp;&nbsp;62720 | &nbsp;&nbsp;614 | $9050000 | 15.9% |
| &nbsp;&nbsp;**Total** |  | &nbsp;&nbsp;**$40216000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**80.4%** |  | &nbsp;&nbsp;**349399** | &nbsp;&nbsp;**4102** | &nbsp;&nbsp;**$67290000** | &nbsp;&nbsp;**100.0%** |

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(1) Occupancy, Net Rentable Area (SF) and Units are based on the underwritten rent rolls dated as of March
23, 2026. Occupancy is based on occupied SF.

(2) The UW NCF is based on the as-is underwriting.

The following table presents certain information with respect to the unit mix of the StorQuest Self-Storage Five-Pack Properties:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** | &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** | &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** | &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** | &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** | &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** | &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** | &nbsp;&nbsp;**StorQuest Self-Storage Five-Pack Properties Unit Mix Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Available Units** | &nbsp;&nbsp;**% of Available Units** | &nbsp;&nbsp;**Available SF** | &nbsp;&nbsp;**% of Available SF** | &nbsp;&nbsp; <br> **Climate Controlled** | &nbsp;&nbsp; **Climate Controlled**<br> **% of Units** | &nbsp;&nbsp;**Current Occupancy<sup>(7)</sup>** |
| &nbsp;&nbsp;StorQuest Naples | &nbsp;&nbsp;936<sup>(2)</sup> | &nbsp;&nbsp;22.8% | &nbsp;&nbsp;83625 | &nbsp;&nbsp;23.9% | &nbsp;&nbsp;860 | &nbsp;&nbsp;91.9% | &nbsp;&nbsp;88.3% |
| &nbsp;&nbsp;StorQuest Port Chester | &nbsp;&nbsp;955<sup>(3)</sup> | &nbsp;&nbsp;23.3% | &nbsp;&nbsp;53061 | &nbsp;&nbsp;15.2% | &nbsp;&nbsp;921 | &nbsp;&nbsp;96.4% | &nbsp;&nbsp;85.6% |
| &nbsp;&nbsp;StorQuest Golden | &nbsp;&nbsp;524<sup>(4)</sup> | &nbsp;&nbsp;12.8% | &nbsp;&nbsp;87050 | &nbsp;&nbsp;24.9% | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;79.5% |
| &nbsp;&nbsp;StorQuest New Haven | &nbsp;&nbsp;1073<sup>(5)</sup> | &nbsp;&nbsp;26.2% | &nbsp;&nbsp;62943 | &nbsp;&nbsp;18.0% | &nbsp;&nbsp;564 | &nbsp;&nbsp;52.6% | &nbsp;&nbsp;64.3% |
| &nbsp;&nbsp;StorQuest Tucson | &nbsp;&nbsp;614<sup>(6)</sup> | &nbsp;&nbsp;15.0% | &nbsp;&nbsp;62720 | &nbsp;&nbsp;18.0% | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;83.1% |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**4102** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**349399** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**2345** | &nbsp;&nbsp;**57.2%** | &nbsp;&nbsp;**80.4%** |

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(1) Based on the underwritten rent rolls dated as of March 23, 2026.

(2) Includes 76 wine storage units and 40 lockers.

(3) Includes four commercial units and 21 parking spaces.

(4) Includes 13 parking spaces.

(5) Includes 50 lockers, 10 parking spaces and 1 cell tower unit.

(6) Includes 1 parking space.

(7) Occupancy is based on occupied SF.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 61 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 7<br> **StorQuest Self-Storage Five- Pack** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $40,216,000<br> 56.9%<br> 1.30x<br> 8.3% |

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The following table presents certain information relating to the historical operating performance and Underwritten Net Cash Flow at the StorQuest Self-Storage Five-Pack Properties:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** | **Cash Flow Analysis<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**2023** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**2025** | &nbsp;&nbsp;**TTM February 2026** | &nbsp;&nbsp;**UW** | &nbsp;&nbsp;**Per Unit** | &nbsp;&nbsp;**Per Square Foot** | &nbsp;&nbsp;**%<sup>(2)</sup>** |
| &nbsp;&nbsp;**Potential Rent** | &nbsp;&nbsp;**$6521911** | &nbsp;&nbsp;**$6445741** | &nbsp;&nbsp;**$6425047** | &nbsp;&nbsp;**$6401566** | &nbsp;&nbsp;**$6401566** | &nbsp;&nbsp;**$1561** | &nbsp;&nbsp;**$18.32** | &nbsp;&nbsp;**100.0%** |
| &nbsp;&nbsp;Bad Debt | &nbsp;&nbsp;($149253) | &nbsp;&nbsp;($131142) | &nbsp;&nbsp;($110931) | &nbsp;&nbsp;($103431) | &nbsp;&nbsp;($103431) | &nbsp;&nbsp;($25) | &nbsp;&nbsp;($0.30) | &nbsp;&nbsp;(1.6%) |
| &nbsp;&nbsp;Vacancy | &nbsp;&nbsp;(297605) | &nbsp;&nbsp;(340374) | &nbsp;&nbsp;(295098) | &nbsp;&nbsp;(278340) | &nbsp;&nbsp;(278340) | &nbsp;&nbsp;(68) | &nbsp;&nbsp;($0.80) | &nbsp;&nbsp;(4.3%) |
| &nbsp;&nbsp;Other Income<sup>(3)</sup> | &nbsp;&nbsp;296505 | &nbsp;&nbsp;317488 | &nbsp;&nbsp;321676 | &nbsp;&nbsp;319623 | &nbsp;&nbsp;319623 | &nbsp;&nbsp;78 | &nbsp;&nbsp;$0.91 | &nbsp;&nbsp;5.0% |
| &nbsp;&nbsp;**Effective Gross Income** | &nbsp;&nbsp;**$6371557** | &nbsp;&nbsp;**$6291713** | &nbsp;&nbsp;**$6340694** | &nbsp;&nbsp;**$6339418** | &nbsp;&nbsp;**$6339418** | &nbsp;&nbsp;**$1545** | &nbsp;&nbsp;**$18.14** | &nbsp;&nbsp;**99.0%** |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;$1284262 | &nbsp;&nbsp;$999053 | &nbsp;&nbsp;$975799 | &nbsp;&nbsp;$952779 | &nbsp;&nbsp;$991804 | &nbsp;&nbsp;$242 | &nbsp;&nbsp;$2.84 | &nbsp;&nbsp;15.6% |
| &nbsp;&nbsp;Insurance | &nbsp;&nbsp;257896 | &nbsp;&nbsp;277057 | &nbsp;&nbsp;297965 | &nbsp;&nbsp;300456 | &nbsp;&nbsp;310495 | &nbsp;&nbsp;76 | &nbsp;&nbsp;$0.89 | &nbsp;&nbsp;4.9% |
| &nbsp;&nbsp;Management Fee | &nbsp;&nbsp;382804 | &nbsp;&nbsp;377490 | &nbsp;&nbsp;380464 | &nbsp;&nbsp;380407 | &nbsp;&nbsp;380365 | &nbsp;&nbsp;93 | &nbsp;&nbsp;$1.09 | &nbsp;&nbsp;6.0% |
| &nbsp;&nbsp;Other Expenses<sup>(4)</sup> | &nbsp;&nbsp;1250836 | &nbsp;&nbsp;1308526 | &nbsp;&nbsp;1288749 | &nbsp;&nbsp;1276965 | &nbsp;&nbsp;1331633 | &nbsp;&nbsp;325 | &nbsp;&nbsp;$3.81 | &nbsp;&nbsp;21.0% |
| &nbsp;&nbsp;**Total Expenses** | &nbsp;&nbsp;**$3175797** | &nbsp;&nbsp;**$2962127** | &nbsp;&nbsp;**$2942977** | &nbsp;&nbsp;**$2910607** | &nbsp;&nbsp;**$3014297** | &nbsp;&nbsp;**$735** | &nbsp;&nbsp;**$8.63** | &nbsp;&nbsp;**47.5%** |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$3195760** | &nbsp;&nbsp;**$3329586** | &nbsp;&nbsp;**$3397717** | &nbsp;&nbsp;**$3428811** | &nbsp;&nbsp;**$3325120** | &nbsp;&nbsp;**$811** | &nbsp;&nbsp;**$9.52** | &nbsp;&nbsp;**52.5%** |
| &nbsp;&nbsp;Replacement Reserves | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$45974 | &nbsp;&nbsp;$11 | &nbsp;&nbsp;$0.13 | &nbsp;&nbsp;0.7% |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$3195760** | &nbsp;&nbsp;**$3329586** | &nbsp;&nbsp;**$3397717** | &nbsp;&nbsp;**$3428811** | &nbsp;&nbsp;**$3279146** | &nbsp;&nbsp;**$799** | &nbsp;&nbsp;**$9.39** | &nbsp;&nbsp;**51.7%** |

---

(1) Based on the underwritten rent roll dated March 23, 2026.

(2) % column reflects percent of Potential Rent for all revenue lines and represents
percent of Effective Gross Income for the remainder of the fields.

(3) Other Income includes miscellaneous revenue.

(4) Other Expenses include utilities, repairs and maintenance, general and administrative,
and other expenses.

**Appraisals.** According to the portfolio appraisal, the StorQuest Self-Storage Five-Pack Properties had an "As Portfolio" appraised value, inclusive of an approximately 5.1% portfolio premium, of $70,700,000 as of March 13, 2026. The aggregate "As-Is" value of the StorQuest Self-Storage Five-Pack Properties without the portfolio premium is $67,290,000.

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| | | |
|:---|:---|:---|
| **Appraisal Valuation Summary<sup>(1)</sup>** | **Appraisal Valuation Summary<sup>(1)</sup>** | **Appraisal Valuation Summary<sup>(1)</sup>** |
| **Property** | **As Is Value** | **Capitalization Rate** |
| &nbsp;&nbsp;StorQuest Naples | &nbsp;&nbsp;$19300000 | &nbsp;&nbsp;5.75% |
| &nbsp;&nbsp;StorQuest Port Chester | &nbsp;&nbsp;$14600000 | &nbsp;&nbsp;5.50% |
| &nbsp;&nbsp;StorQuest Golden | &nbsp;&nbsp;$12890000 | &nbsp;&nbsp;5.50% |
| &nbsp;&nbsp;StorQuest New Haven | &nbsp;&nbsp;$11450000 | &nbsp;&nbsp;6.00% |
| &nbsp;&nbsp;StorQuest Tucson | &nbsp;&nbsp;$9050000 | &nbsp;&nbsp;5.75% |
| &nbsp;&nbsp;**Total / Wtd. Average** | &nbsp;&nbsp;**$67290000** | &nbsp;&nbsp;**5.69%** |
| &nbsp;&nbsp;**Portfolio Value** | &nbsp;&nbsp;**$70700000** |  |

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(1) Source: Appraisals.

**Environmental Matters.** According to the Phase I environmental reports dated from March 10, 2026 to March 11, 2026, there was no evidence of any recognized environmental conditions at the StorQuest Self-Storage Five-Pack Properties; however the related Phase I environmental reports did identify controlled recognized environmental conditions at both the StorQuest Port Chester Property and the StorQuest New Haven Property in connection with residual soil and/or groundwater impacts resulting from former underground storage tanks, for which regulatory closure has been granted subject to ongoing controls. See "*Description of the Mortgage Pool—Environmental Considerations"* in the Preliminary Prospectus*.* 

***The Markets.*** The StorQuest Self-Storage Five-Pack Properties are located in Colorado, Arizona, Florida, New York, and Connecticut.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 62 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 7<br> **StorQuest Self-Storage Five- Pack** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $40,216,000<br> 56.9%<br> 1.30x<br> 8.3% |

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The following table presents certain 2024 demographic information for the StorQuest Self-Storage Five-Pack Properties:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Demographics Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**City, State** | &nbsp;&nbsp;**1-mile**<br> **Population** | &nbsp;&nbsp;**3-mile**<br> **Population** | &nbsp;&nbsp;**5-mile Population** | &nbsp;&nbsp;**1-mile Median Household Income** | &nbsp;&nbsp;**3-mile**<br> **Median Household Income** | &nbsp;&nbsp;**5-mile Median Household Income** |
| StorQuest Naples | Naples, FL | 9901 | 38311 | 85923 | $104872 | $112281 | $112331 |
| StorQuest Port Chester | Port Chester, NY | 33269 | 77232 | 140353 | $101083 | $130237 | $156772 |
| StorQuest Golden | Golden, CO | 5339 | 61776 | 166566 | $106420 | $95017 | $102598 |
| StorQuest New Haven | New Haven, CT | 22900 | 138282 | 267949 | $49612 | $56253 | $66281 |
| &nbsp;&nbsp;StorQuest Tucson | &nbsp;&nbsp;Tucson, AZ | &nbsp;&nbsp;13549 | &nbsp;&nbsp;97317 | &nbsp;&nbsp;233458 | &nbsp;&nbsp;$47517 | &nbsp;&nbsp;$51293 | &nbsp;&nbsp;$55926 |

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&nbsp;&nbsp;&nbsp;&nbsp;(1) Source: Appraisals.

**The Borrowers and the Borrower Sponsor.** The borrowers are 43 River SP, LLC, 4555 N 1st SP, LLC, 2 Highland SP, LLC, 8890 Founders Square SP, LLC and 1220 Isabell SP, LLC, each a Delaware limited liability company organized and operated as a single purpose entity, and each having one independent director in its organizational structure. Legal counsel to the borrowers delivered a non-consolidation opinion in connection with the origination of the StorQuest Self-Storage Five-Pack Mortgage Loan. American Storage Partners, LLC and American Storage Partners II, LLC, each a Delaware limited liability company, are the borrower sponsors and non-recourse carve-out guarantors with respect to the StorQuest Self-Storage Five-Pack Mortgage Loan.

American Storage Partners, LLC ("**<u>American Storage</u>**") is a joint venture of The William Warren Group and Saban Real Estate. The William Warren Group operates self-storage properties nationwide, with over 250 facilities across the United States under the StorQuest brand. Saban Real Estate is a Los Angeles-based real estate investment firm focused on self-storage, manufactured housing, and multifamily properties. Saban Real Estate was established by Haim Saban, the co-founder of Fox Family Worldwide, and currently manages 41 properties across 11 states totaling more than 2.9 million SF.

**Property Management**. The StorQuest Self-Storage Five-Pack Properties are managed by William Warren Properties, Inc. ("**<u>William Warren</u>**"), an affiliate of the borrowers, pursuant to individual management agreements. William Warren was founded in 1994 and manages the StorQuest Self Storage brand including over 250 locations throughout the United States.

***Initial and Ongoing Reserves.*** At loan origination, the borrowers deposited approximately $244,916 into a real estate tax reserve.

*Tax Reserve* – On each monthly payment date, the borrowers are required to deposit into a real estate tax reserve an amount equal to 1/12th of the annual real estate taxes the lender reasonably estimates will be payable during the ensuing 12-month period (initially estimated to be approximately $78,230).

*Insurance Reserve* – On each monthly payment date, the borrowers are required to deposit into an insurance reserve an amount equal to 1/12th of insurance premiums the lender reasonably estimates will be payable during the ensuing 12-month period, provided that reserves for insurance premiums will be suspended if the StorQuest Self-Storage Five-Pack Properties are covered by a blanket insurance policy that satisfies the requirements set forth in the StorQuest Self-Storage Five-Pack Mortgage Loan documents, there is no continuing event of default under the StorQuest Self-Storage Five-Pack Mortgage Loan documents and the borrowers provide timely evidence of the payment of the applicable insurance premiums. As of the origination date, reserves for insurance premiums were not required due to the satisfaction of the conditions listed above.

*Replacement Reserve* – During the continuance of a Trigger Period (as defined below) or event of default under the StorQuest Five-Pack Mortgage Loan documents, the borrowers are required to deposit into a replacement reserve on each monthly payment date an amount equal to 1/12th of $0.15 per rentable square foot times the rentable square footage of the StorQuest Self-Storage Five-Pack Properties that remain as collateral for the StorQuest Self-Storage Five-Pack Mortgage Loan (initially $4,460.58 per month) subject to a cap of $0.45 per square foot times the rentable square footage of the StorQuest Self-Storage Five-Pack Properties that remain as collateral for the StorQuest Self-Storage Five-Pack Mortgage Loan (initially $160,581).

*Seasonality Reserve* – If the debt service coverage ratio (as calculated under the StorQuest Self-Storage Five-Pack Mortgage Loan documents) for each of the remaining StorQuest Self-Storage Five-Pack Properties is lower than 1.15x (a "**<u>Seasonality Reserve Trigger Event</u>**") after giving effect to a partial property release (a "**<u>Partial Release Event</u>**") as discussed under "*Release of Collateral*," below, the borrowers are required to deposit into a seasonality reserve an amount reasonably agreed upon by the lender and borrowers prior to the Partial Release Event as reasonably sufficient to remedy the Seasonality Reserve Trigger Event (the "**<u>Seasonality Reserve Initial Deposit</u>**"). In addition, on each payment date during the calendar months of May through July during which the seasonality reserve is required to be maintained and the balance thereof is less than the Seasonality Reserve Initial Deposit, the borrowers are required to

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 63 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; Self Storage – Self Storage<br> Various<br> Various, Various<br>| &nbsp;&nbsp; Collateral Asset Summary – Loan No. 7<br> **StorQuest Self-Storage Five- Pack** | &nbsp;&nbsp; **Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp; $40,216,000<br> 56.9%<br> 1.30x<br> 8.3% |

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deposit an amount equal to the lesser of (i) all excess cash flow which would otherwise be required to be deposited into the excess cash flow reserve or (ii) an amount necessary for the balance in the seasonality reserve to be equal to the Seasonality Reserve Initial Deposit.

A "**<u>Trigger Period</u>**" means a period commencing (i) when the debt service coverage ratio (as calculated under the StorQuest Self-Storage Five-Pack Mortgage Loan documents), determined as of the first day of any fiscal quarter, is less than 1.15x (each, a "**<u>DSCR Trigger Event</u>**") and borrowers fail to timely make the deposit of cash or a letter of credit as described below and concluding when the debt service coverage ratio as of the first day of each of two consecutive fiscal quarters thereafter, is at least 1.15x, or (ii) upon the borrowers' failure to deliver financial reports as and when required under the StorQuest Self-Storage Five-Pack Mortgage Loan documents (subject to the notice and cure period specified therein), and concluding when such reports are delivered and indicate a Trigger Period is not ongoing.

***Lockbox / Cash Management.*** The StorQuest Self-Storage Five-Pack Mortgage Loan is structured with a springing lockbox and springing cash management. During the continuance of a Trigger Period or event of default under the StorQuest Five-Pack Mortgage Loan documents, the borrowers are required to cause all cash revenues relating to the StorQuest Self-Storage Five-Pack Properties and all other money received by the borrowers or the property manager with respect to the StorQuest Self-Storage Five-Pack Properties (other than tenant security deposits) to be deposited into the lockbox account or a lender-controlled cash management account within three business days of receipt. On each business day during the continuance of a Trigger Period or an event of default under the StorQuest Self-Storage Five-Pack Mortgage Loan documents, all amounts in the lockbox account are required to be remitted to the cash management account. On each business day that no Trigger Period or event of default under the StorQuest Self-Storage Five-Pack Mortgage Loan documents is continuing, all funds in the lockbox account are required to be swept into a borrower-controlled operating account.

On each due date during the continuance of a Trigger Period or, at the lender's discretion, during an event of default under the StorQuest Self-Storage Five-Pack Mortgage Loan documents, all excess funds in the cash management account after payment of debt service, required reserves and budgeted operating expenses are required to be reserved as additional collateral for the StorQuest Self-Storage Five-Pack Mortgage Loan.

Provided no event of default under the StorQuest Self-Storage Five-Pack Mortgage Loan documents is continuing, the borrowers have the right to avoid the commencement, or terminate the continuance, of a DSCR Trigger Event, by delivering to the lender additional collateral in the form of a letter of credit and/or cash to achieve the required debt service coverage ratio, which, on or after the fourth anniversary of the origination of the StorQuest Self-Storage Five-Pack Mortgage Loan, must be equal to at least $351,069.

***Current Mezzanine or Secured Subordinate Indebtedness.*** None.

***Permitted Future Mezzanine or Secured Subordinate Indebtedness.*** Not Permitted.

***Release of Collateral.*** Provided no event of default under the StorQuest Self-Storage Five-Pack Mortgage Loan documents is continuing, at any time on or after May 6, 2028 the borrowers have the right to obtain the release of any of the StorQuest Self-Storage Five-Pack Properties subject to the satisfaction of certain conditions, including, among others: (i) the sale of such StorQuest Self-Storage Five-Pack Property is pursuant to a bona fide sale with an unaffiliated third party; (ii) payment of a release price in an amount equal to 110% of the allocated loan amount for the applicable StorQuest Self-Storage Five-Pack Property to be released together with any applicable yield maintenance premium; (iii) after giving effect to such release, (x) the debt service coverage ratio (as calculated under the StorQuest Self-Storage Five-Pack Mortgage Loan documents) for the remaining StorQuest Self-Storage Five-Pack Properties is equal to or greater than the greater of (1) 1.31x, and (2) the debt service coverage ratio immediately prior to such release, and (y) the debt yield (as calculated under the StorQuest Self-Storage Five-Pack Mortgage Loan documents) for the remaining StorQuest Self-Storage Five-Pack Properties is equal to or greater than the greater of (1) 8.27% and (2) the debt yield immediately prior to such release minus 50 basis points, (iv) if the debt service coverage ratio (as calculated under the StorQuest Self-Storage Five-Pack Mortgage Loan documents) for each of the remaining StorQuest Self-Storage Five-Pack Properties is lower than 1.15x after giving effect to such release, the borrowers are required to make the Seasonality Reserve Initial Deposit described under "*Initial and Ongoing Reserves*," above, and (v) delivery of a REMIC opinion and a rating agency confirmation in accordance with the terms of the StorQuest Self-Storage Five-Pack Mortgage Loan documents.

***Ground Lease.*** None.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 64 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Multifamily – Garden<br> 4815 Westchester Drive<br> Austintown, OH 44515<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 8<br> **Westchester Apartments** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$38,000,000<br> 63.9%<br> 1.34x<br> 9.8% |

---

![](n5868prets_img016.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 65 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Multifamily – Garden<br> 4815 Westchester Drive<br> Austintown, OH 44515<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 8<br> **Westchester Apartments** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$38,000,000<br> 63.9%<br> 1.34x<br> 9.8% |

---

![](n5868prets_img017.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 66 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Multifamily – Garden<br> 4815 Westchester Drive<br> Austintown, OH 44515<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 8<br> **Westchester Apartments** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$38,000,000<br> 63.9%<br> 1.34x<br> 9.8% |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Property Information** | &nbsp;&nbsp;**Property Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;CREFI | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Single Asset |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Refinance | &nbsp;&nbsp;**Property Type – Subtype:** | &nbsp;&nbsp;Multifamily - Garden |
| &nbsp;&nbsp;**Borrower Sponsor(s):** | &nbsp;&nbsp;Avi Mechlowitz and Isaak Volodarsky | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s):** | &nbsp;&nbsp;Westchester Real Estate Development LLC | &nbsp;&nbsp;**Location:** | &nbsp;&nbsp;Austintown, OH |
| &nbsp;&nbsp;**Original Balance:** | &nbsp;&nbsp;$38000000 | &nbsp;&nbsp;**Year Built / Renovated:** | &nbsp;&nbsp;1974-2000 / 2023 |
| &nbsp;&nbsp;**Cut-off Date Balance:** | &nbsp;&nbsp;$38000000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;Brookfall Group LLC |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;5.1% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;747 Units |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;6.85000% | &nbsp;&nbsp;**Appraised Value / Per Unit:** | &nbsp;&nbsp;$59,500,000 / $79,652 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;April 29, 2026 | &nbsp;&nbsp;**Appraisal Date:** | &nbsp;&nbsp;April 7, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy:** | &nbsp;&nbsp;93.3% (as of April 16, 2026) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;91.7% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI:** | &nbsp;&nbsp;$3737120 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$3549325 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;June 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;May 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Most Recent NOI:** | &nbsp;&nbsp;$3,607,850 (TTM March 31, 2026) |
| &nbsp;&nbsp;**Additional Debt Balance:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**2025 NOI:** | &nbsp;&nbsp;$3464300 |
| &nbsp;&nbsp;**Call Protection:** | &nbsp;&nbsp;L(24),D(29),O(7) | &nbsp;&nbsp;**2024 NOI:** | &nbsp;&nbsp;$3077034 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Springing / Springing | &nbsp;&nbsp;**2023 NOI<sup>(2)</sup>:** | &nbsp;&nbsp;$2620835 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Reserves<sup>(1)</sup>** | &nbsp;&nbsp;**Financial Information** | &nbsp;&nbsp;**Financial Information** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / Unit:** | $50870 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$267821 | &nbsp;&nbsp;$46869 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / Unit:** | $50870 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$62998 | &nbsp;&nbsp;$20999 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | 63.9% |
| &nbsp;&nbsp;**Replacement Reserves:** | &nbsp;&nbsp;$261450 | &nbsp;&nbsp;$15650 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date LTV:** | 63.9% |
| &nbsp;&nbsp;**Deferred Maintenance:** | &nbsp;&nbsp;$93688 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | 9.8% |
|  |  |  |  | &nbsp;&nbsp;**UW NCF DSCR:** | 1.34x |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Mortgage Loan | &nbsp;&nbsp;$38000000 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;Loan Payoff | &nbsp;&nbsp;$30670743 | &nbsp;&nbsp;80.7% |
|  |  |  | &nbsp;&nbsp;Sponsor Equity | &nbsp;&nbsp;6112050 | &nbsp;&nbsp;16.1 |
|  |  |  | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;685956 | &nbsp;&nbsp;1.8 |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;531251 | &nbsp;&nbsp;1.4 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$38000000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$38000000** | &nbsp;&nbsp;**100.0%** |

---

(1) See "*Initial and Ongoing Reserves*" below for further discussion of reserve information.

(2) 2023 NOI represents the trailing three-month annualized net operating income as of December 31, 2023 because
the borrower purchased the Westchester Apartments Property (as defined below) in July 2023.

**The Loan.** The eighth largest mortgage loan (the "**<u>Westchester Apartments Mortgage Loan</u>**") is secured by the borrower's fee simple interest in a 747-unit, garden-style apartment complex located in Austintown, Ohio (the "**<u>Westchester Apartments Property</u>**"). The Westchester Apartments Mortgage Loan is evidenced by a single promissory note with an outstanding principal balance as of the Cut-off Date of $38,000,000. The Westchester Apartments Mortgage Loan was originated on April 29, 2026 by CREFI and accrues interest at a fixed rate of 6.85000% *per annum* on an Actual/360 basis. The Westchester Apartments Mortgage Loan has an initial term of five-years and is interest-only for the full term. The scheduled maturity date of the Westchester Apartments Mortgage Loan is May 6, 2031.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 67 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Multifamily – Garden<br> 4815 Westchester Drive<br> Austintown, OH 44515<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 8<br> **Westchester Apartments** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$38,000,000<br> 63.9%<br> 1.34x<br> 9.8% |

---

***The Property.*** The Westchester Apartments Property is a 747-unit, garden-style apartment complex located in Austintown, Ohio, approximately 5.7 miles west of Youngstown, Ohio. The Westchester Apartments Property is comprised of 30, one to three-story apartment buildings situated on an approximately 53.2-acre site. The Westchester Apartments Property was originally constructed in phases between 1974 and 2000 and was most recently renovated in 2023. Most recent renovations totaled approximately $1.2 million and included unit remodels, hallway renovations, electrical, flooring, and other building systems and accessibility upgrades. Community amenities include a playground and laundry facility. The Westchester Apartments Property also features an estimated 850 parking spaces, resulting in a parking ratio of 1.14 spaces per unit.

The unit mix at the Westchester Apartments Property consists of 100 studio units, 238 one-bedroom / one-bathroom units, 195 two-bedroom / one-bathroom units, 191 two-bedroom / one and a half-bathroom units, and 23 two-bedroom / two-bathroom units. Of the 747 units at the Westchester Apartments Property, 394 have been renovated. Unit amenities include individual air conditioning units, washer/dryer hook-ups, and full appliance packages including a dishwasher, refrigerator, and stove/oven. As of April 16, 2026, the Westchester Apartments Property was 93.3% leased.

The following table presents certain information relating to the unit mix at the Westchester Apartments Property:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** | &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** | &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** | &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** | &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** | &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** | &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** | &nbsp;&nbsp;**Unit Mix<sup>(1)</sup>** |
| &nbsp;&nbsp;**Unit Type** | &nbsp;&nbsp;**# of Units** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Occupied Units** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Average Unit Size (SF)** | &nbsp;&nbsp;**Average Monthly Rental Rate** | &nbsp;&nbsp;**Average Monthly Market Rent Per Unit** |
| &nbsp;&nbsp;Studio | &nbsp;&nbsp;45 | &nbsp;&nbsp;6.0% | &nbsp;&nbsp;44 | &nbsp;&nbsp;97.8% | &nbsp;&nbsp;431 | &nbsp;&nbsp;$665 | &nbsp;&nbsp;$666 |
| &nbsp;&nbsp;Studio-Renovated | &nbsp;&nbsp;55 | &nbsp;&nbsp;7.4% | &nbsp;&nbsp;43 | &nbsp;&nbsp;78.2% | &nbsp;&nbsp;424 | &nbsp;&nbsp;$675 | &nbsp;&nbsp;$666 |
| &nbsp;&nbsp;1BR/1BA | &nbsp;&nbsp;87 | &nbsp;&nbsp;11.6% | &nbsp;&nbsp;82 | &nbsp;&nbsp;94.3% | &nbsp;&nbsp;640 | &nbsp;&nbsp;$715 | &nbsp;&nbsp;$700 |
| &nbsp;&nbsp;1BR/1BA-Renovated | &nbsp;&nbsp;151 | &nbsp;&nbsp;20.2% | &nbsp;&nbsp;131 | &nbsp;&nbsp;86.8% | &nbsp;&nbsp;640 | &nbsp;&nbsp;$722 | &nbsp;&nbsp;$700 |
| &nbsp;&nbsp;2BR/1BA | &nbsp;&nbsp;89 | &nbsp;&nbsp;11.9% | &nbsp;&nbsp;88 | &nbsp;&nbsp;98.9% | &nbsp;&nbsp;860 | &nbsp;&nbsp;$803 | &nbsp;&nbsp;$875 |
| &nbsp;&nbsp;2BR/1BA-Renovated | &nbsp;&nbsp;106 | &nbsp;&nbsp;14.2% | &nbsp;&nbsp;99 | &nbsp;&nbsp;93.4% | &nbsp;&nbsp;860 | &nbsp;&nbsp;$833 | &nbsp;&nbsp;$875 |
| &nbsp;&nbsp;2BR/1.5BA | &nbsp;&nbsp;122 | &nbsp;&nbsp;16.3% | &nbsp;&nbsp;121 | &nbsp;&nbsp;99.2% | &nbsp;&nbsp;1113 | &nbsp;&nbsp;$966 | &nbsp;&nbsp;$1015 |
| &nbsp;&nbsp;2BR/1.5BA-Renovated | &nbsp;&nbsp;69 | &nbsp;&nbsp;9.2% | &nbsp;&nbsp;67 | &nbsp;&nbsp;97.1% | &nbsp;&nbsp;1108 | &nbsp;&nbsp;$1005 | &nbsp;&nbsp;$1015 |
| &nbsp;&nbsp;2BR/2BA | &nbsp;&nbsp;10 | &nbsp;&nbsp;1.3% | &nbsp;&nbsp;10 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;995 | &nbsp;&nbsp;$946 | &nbsp;&nbsp;$925 |
| &nbsp;&nbsp;2BR/2BA-Renovated | &nbsp;&nbsp;13 | &nbsp;&nbsp;1.7% | &nbsp;&nbsp;12 | &nbsp;&nbsp;92.3% | &nbsp;&nbsp;995 | &nbsp;&nbsp;$913 | &nbsp;&nbsp;$925 |
| &nbsp;&nbsp;**Total/Wtd. Avg.** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**697** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**800** | &nbsp;&nbsp;**$817** | &nbsp;&nbsp;**$829** |

---

(1) Based on the underwritten rent roll dated April 16, 2026. Average Monthly Rental
Rate is based on occupied units.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 68 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Multifamily – Garden<br> 4815 Westchester Drive<br> Austintown, OH 44515<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 8<br> **Westchester Apartments** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$38,000,000<br> 63.9%<br> 1.34x<br> 9.8% |

---

The following table presents certain information relating to the historical and underwritten net cash flow at the Westchester Apartments Property:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** |
|  | &nbsp;&nbsp;**T-3 Ann. 12/31/2023<sup>(1)</sup>** | &nbsp;&nbsp;**12/31/2024** | &nbsp;&nbsp;**12/31/2025** | &nbsp;&nbsp;**TTM 3/31/2026** | &nbsp;&nbsp;**U/W** | &nbsp;&nbsp;**U/W Per Unit** |
| &nbsp;&nbsp;Base Rent | &nbsp;&nbsp;$5399822 | &nbsp;&nbsp;$5918527 | &nbsp;&nbsp;$6519936 | &nbsp;&nbsp;$6608621 | &nbsp;&nbsp;$6831060 | &nbsp;&nbsp;$9145 |
| &nbsp;&nbsp;Potential Income from Vacant Units | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;445533 | &nbsp;&nbsp;$596 |
| &nbsp;&nbsp;**Gross Potential Income** | &nbsp;&nbsp;**$5399822** | &nbsp;&nbsp;**$5918527** | &nbsp;&nbsp;**$6519936** | &nbsp;&nbsp;**$6608621** | &nbsp;&nbsp;**$7276593** | &nbsp;&nbsp;**$9741** |
| &nbsp;&nbsp;Other Income<sup>(2)</sup> | &nbsp;&nbsp;$94737 | &nbsp;&nbsp;$167202 | &nbsp;&nbsp;$192230 | &nbsp;&nbsp;$191649 | &nbsp;&nbsp;196233 | &nbsp;&nbsp;263 |
| &nbsp;&nbsp;**Net Rental Income** | &nbsp;&nbsp;**$5494559** | &nbsp;&nbsp;**$6085729** | &nbsp;&nbsp;**$6712166** | &nbsp;&nbsp;**$6800270** | &nbsp;&nbsp;**$7472826** | &nbsp;&nbsp;**$10004** |
| &nbsp;&nbsp;(Vacancy / Credit Loss) | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;($605119) | &nbsp;&nbsp;($810) |
| &nbsp;&nbsp;**Total Effective Gross Income** | &nbsp;&nbsp;**$5494559** | &nbsp;&nbsp;**$6085729** | &nbsp;&nbsp;**$6712166** | &nbsp;&nbsp;**$6800270** | &nbsp;&nbsp;**$6867706** | &nbsp;&nbsp;**$9194** |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;$439412 | &nbsp;&nbsp;$486901 | &nbsp;&nbsp;$506923 | &nbsp;&nbsp;$511116 | &nbsp;&nbsp;$535641 | &nbsp;&nbsp;$717 |
| &nbsp;&nbsp;Insurance | &nbsp;&nbsp;409296 | &nbsp;&nbsp;409296 | &nbsp;&nbsp;344010 | &nbsp;&nbsp;326351 | &nbsp;&nbsp;239991 | &nbsp;&nbsp;$321 |
| &nbsp;&nbsp;Management Fee | &nbsp;&nbsp;164837 | &nbsp;&nbsp;182572 | &nbsp;&nbsp;201365 | &nbsp;&nbsp;204008 | &nbsp;&nbsp;206031 | &nbsp;&nbsp;$276 |
| &nbsp;&nbsp;Utilities | &nbsp;&nbsp;1065988 | &nbsp;&nbsp;1010515 | &nbsp;&nbsp;1308346 | &nbsp;&nbsp;1291251 | &nbsp;&nbsp;1291251 | &nbsp;&nbsp;$1729 |
| &nbsp;&nbsp;Other Expenses<sup>(3)</sup> | &nbsp;&nbsp;794191 | &nbsp;&nbsp;919411 | &nbsp;&nbsp;887222 | &nbsp;&nbsp;859695 | &nbsp;&nbsp;857671 | &nbsp;&nbsp;$1148 |
| &nbsp;&nbsp;**Total Expenses** | &nbsp;&nbsp;**$2873724** | &nbsp;&nbsp;**$3008695** | &nbsp;&nbsp;**$3247866** | &nbsp;&nbsp;**$3192420** | &nbsp;&nbsp;**$3130586** | &nbsp;&nbsp;**$4191** |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$2620835** | &nbsp;&nbsp;**$3077034** | &nbsp;&nbsp;**$3464300** | &nbsp;&nbsp;**$3607850** | &nbsp;&nbsp;**$3737120** | &nbsp;&nbsp;**$5003** |
| &nbsp;&nbsp;Replacement Reserves | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$187796 | &nbsp;&nbsp;$251 |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$2620835** | &nbsp;&nbsp;**$3077034** | &nbsp;&nbsp;**$3464300** | &nbsp;&nbsp;**$3607850** | &nbsp;&nbsp;**$3549325** | &nbsp;&nbsp;**$4751** |
| &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**78.7%** | &nbsp;&nbsp;**86.0%** | &nbsp;&nbsp;**92.2%** | &nbsp;&nbsp;**92.3%** | &nbsp;&nbsp;**91.7%** |  |
| &nbsp;&nbsp;**NCF DSCR** | &nbsp;&nbsp;**0.99x** | &nbsp;&nbsp;**1.17x** | &nbsp;&nbsp;**1.31x** | &nbsp;&nbsp;**1.37x** | &nbsp;&nbsp;**1.34x** |  |
| &nbsp;&nbsp;**NOI Debt Yield** | &nbsp;&nbsp;**6.9%** | &nbsp;&nbsp;**8.1%** | &nbsp;&nbsp;**9.1%** | &nbsp;&nbsp;**9.5%** | &nbsp;&nbsp;**9.8%** |  |

---

(1) Full year 2023 financials are not available because the borrower purchased the
Westchester Apartments Property in July 2023.

(2) Other Income includes parking income, coin-operated laundry, storage units, late
fees, pet fees, and other sources of miscellaneous income.

(3) Other Expenses include payroll and benefits, repairs and maintenance, advertising
and marketing and general and administrative expenses.

(4) Represents economic occupancy.

**Appraisal.** According to the appraisal, the Westchester Apartments Property had an "as-is" appraised value of $59,500,000 as of April 7, 2026, as shown in the table below.

---

| | | |
|:---|:---|:---|
| **Westchester Apartments Appraised Value<sup>(1)</sup>** | **Westchester Apartments Appraised Value<sup>(1)</sup>** | **Westchester Apartments Appraised Value<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**Capitalization Rate** |
| &nbsp;&nbsp;Westchester Apartments | &nbsp;&nbsp;$59500000 | &nbsp;&nbsp;6.50% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Source: Appraisal.

**Environmental Matters.** According to the Phase I environmental assessment dated April 13, 2026, there was no evidence of any recognized environmental conditions at the Westchester Apartments Property.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 69 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Multifamily – Garden<br> 4815 Westchester Drive<br> Austintown, OH 44515<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 8<br> **Westchester Apartments** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$38,000,000<br> 63.9%<br> 1.34x<br> 9.8% |

---

**The Market.** The Westchester Apartments Property is located at 4815 Westchester Drive in Austintown, Ohio, within the Youngstown metropolitan statistical area (the "**<u>Youngstown MSA</u>**"). According to the appraisal, the Youngstown MSA benefits from a mix of healthcare, education, manufacturing, logistics, and advanced manufacturing, with major employers including Mercy Health, Youngstown State University, Ultium Cells LLC, TJX Companies, and the Youngstown Air Reserve Station. Primary access to the Westchester Apartments Property is provided by Ohio State Route 11, with additional connectivity via Interstates 80 and 680.

According to a third-party market research report, the Westchester Apartments Property is located in the Austintown/Boardman multifamily submarket of the Youngstown MSA. As of April 28, 2026, the Austintown/Boardman multifamily submarket had a total inventory of 6,679 units, a vacancy rate of 4.9%, and asking rent of $844 per unit.

According to the appraisal, the 2025 population within a one-, three- and five-mile radius of the Westchester Apartments Property was 8,378, 46,303 and 95,563, respectively. The 2025 average household income within the same radii was $60,352, $69,029 and $74,263, respectively.

The following table presents certain information relating to comparable multifamily properties to the Westchester Apartments Property:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Comparable Multifamily Properties<sup>(1)</sup>** | **Comparable Multifamily Properties<sup>(1)</sup>** | **Comparable Multifamily Properties<sup>(1)</sup>** | **Comparable Multifamily Properties<sup>(1)</sup>** | **Comparable Multifamily Properties<sup>(1)</sup>** | **Comparable Multifamily Properties<sup>(1)</sup>** | **Comparable Multifamily Properties<sup>(1)</sup>** | **Comparable Multifamily Properties<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name / Address** | &nbsp;&nbsp;**Distance from Subject** | &nbsp;&nbsp;**Year Built / Renovated** | &nbsp;&nbsp;**Number of Units** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**Unit Type** | &nbsp;&nbsp;**Average Unit Size** | &nbsp;&nbsp;**Average Rent Per Unit<sup>(1)</sup>** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**Studio** | &nbsp;&nbsp;**431 SF** | &nbsp;&nbsp;**$665** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**Studio-Renovated** | &nbsp;&nbsp;**424 SF** | &nbsp;&nbsp;**$675** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**1BR/1BA** | &nbsp;&nbsp;**640 SF** | &nbsp;&nbsp;**$715** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**1BR/1BA-Renovated** | &nbsp;&nbsp;**640 SF** | &nbsp;&nbsp;**$722** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**2BR/1BA** | &nbsp;&nbsp;**860 SF** | &nbsp;&nbsp;**$803** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**2BR/1BA-Renovated** | &nbsp;&nbsp;**860 SF** | &nbsp;&nbsp;**$833** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**2BR/1.5BA** | &nbsp;&nbsp;**1,113 SF** | &nbsp;&nbsp;**$966** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**2BR/1.5BA-Renovated** | &nbsp;&nbsp;**1,108 SF** | &nbsp;&nbsp;**$1005** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**2BR/2BA** | &nbsp;&nbsp;**995 SF** | &nbsp;&nbsp;**$946** |
| &nbsp;&nbsp; **Westchester Apartments<sup>(2)</sup>**<br> **4815 Westchester Drive**<br> **Austintown, OH** | &nbsp;&nbsp;- | &nbsp;&nbsp;**1974-2000 / 2023** | &nbsp;&nbsp;**747** | &nbsp;&nbsp;**93.3%** | &nbsp;&nbsp;**2BR/2BA-Renovated** | &nbsp;&nbsp;**995 SF** | &nbsp;&nbsp;**$913** |
| &nbsp;&nbsp;**Central Park West Apartments & Townhomes** | &nbsp;&nbsp;0.4 mi | &nbsp;&nbsp;1966 | &nbsp;&nbsp;650 | &nbsp;&nbsp;92.3% | &nbsp;&nbsp;Studio / 1BA | &nbsp;&nbsp;414 SF | &nbsp;&nbsp;$725 |
| &nbsp;&nbsp;4661 New Hampshire Ct | &nbsp;&nbsp;0.4 mi | &nbsp;&nbsp;1966 | &nbsp;&nbsp;650 | &nbsp;&nbsp;92.3% | &nbsp;&nbsp;1BR / 1BA | &nbsp;&nbsp;644 SF | &nbsp;&nbsp;$850 |
| &nbsp;&nbsp;Austintown, OH | &nbsp;&nbsp;0.4 mi | &nbsp;&nbsp;1966 | &nbsp;&nbsp;650 | &nbsp;&nbsp;92.3% | &nbsp;&nbsp;2BR / 1-1.5BA | &nbsp;&nbsp;771-1,165 SF | &nbsp;&nbsp;$960-1205 |
|  | &nbsp;&nbsp;0.4 mi | &nbsp;&nbsp;1966 | &nbsp;&nbsp;650 | &nbsp;&nbsp;92.3% | &nbsp;&nbsp;3BR / 1BA | &nbsp;&nbsp;1,100 SF | &nbsp;&nbsp;$1065 |
| &nbsp;&nbsp;**Hillbrook Apartments** | &nbsp;&nbsp;0.5 mi | &nbsp;&nbsp;1971 | &nbsp;&nbsp;408 | &nbsp;&nbsp;93.6% | &nbsp;&nbsp;Studio / 1BA | &nbsp;&nbsp;427 SF | &nbsp;&nbsp;$775 |
| &nbsp;&nbsp;478 S Raccoon Rd | &nbsp;&nbsp;0.5 mi | &nbsp;&nbsp;1971 | &nbsp;&nbsp;408 | &nbsp;&nbsp;93.6% | &nbsp;&nbsp;Studio / 1BA | &nbsp;&nbsp;427 SF | &nbsp;&nbsp;$775 |
| &nbsp;&nbsp;Austintown, OH | &nbsp;&nbsp;0.5 mi | &nbsp;&nbsp;1971 | &nbsp;&nbsp;408 | &nbsp;&nbsp;93.6% | &nbsp;&nbsp;1BR / 1BA | &nbsp;&nbsp;648-714 SF | &nbsp;&nbsp;$830-940 |
|  | &nbsp;&nbsp;0.5 mi | &nbsp;&nbsp;1971 | &nbsp;&nbsp;408 | &nbsp;&nbsp;93.6% | &nbsp;&nbsp;2BR / 1BA | &nbsp;&nbsp;927 SF | &nbsp;&nbsp;$1030 |
| &nbsp;&nbsp;**Greenbriar Village - Austintown** | &nbsp;&nbsp;1.3 mi | &nbsp;&nbsp;1970 | &nbsp;&nbsp;118 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;Studio / 1BA | &nbsp;&nbsp;396 SF | &nbsp;&nbsp;$660 |
| &nbsp;&nbsp;2230 S Raccoon Rd | &nbsp;&nbsp;1.3 mi | &nbsp;&nbsp;1970 | &nbsp;&nbsp;118 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;1BR / 1BA | &nbsp;&nbsp;586 SF | &nbsp;&nbsp;$750 |
| &nbsp;&nbsp;Austintown, OH | &nbsp;&nbsp;1.3 mi | &nbsp;&nbsp;1970 | &nbsp;&nbsp;118 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;2BR / 1.5BA | &nbsp;&nbsp;1,326 SF | &nbsp;&nbsp;$1070 |
|  | &nbsp;&nbsp;1.3 mi | &nbsp;&nbsp;1970 | &nbsp;&nbsp;118 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;3BR / 1.5BA | &nbsp;&nbsp;1,886 SF | &nbsp;&nbsp;$1135 |
| &nbsp;&nbsp;**Ridgewood Apartments – Mineral Ridge** | &nbsp;&nbsp;3.5 mi | &nbsp;&nbsp;1975 | &nbsp;&nbsp;90 | &nbsp;&nbsp;97.8% | &nbsp;&nbsp;Studio / 1BA | &nbsp;&nbsp;450 SF | &nbsp;&nbsp;$600 |
| &nbsp;&nbsp;3674-3704 Main St | &nbsp;&nbsp;3.5 mi | &nbsp;&nbsp;1975 | &nbsp;&nbsp;90 | &nbsp;&nbsp;97.8% | &nbsp;&nbsp;1BR / 1BA | &nbsp;&nbsp;823 SF | &nbsp;&nbsp;$766 |
| &nbsp;&nbsp;Mineral Ridge, OH | &nbsp;&nbsp;3.5 mi | &nbsp;&nbsp;1975 | &nbsp;&nbsp;90 | &nbsp;&nbsp;97.8% | &nbsp;&nbsp;2BR / 1.5BA | &nbsp;&nbsp;933 SF | &nbsp;&nbsp;$1001 |
| &nbsp;&nbsp;**Hitchcock Apartments** | &nbsp;&nbsp;5.8 mi | &nbsp;&nbsp;1972 | &nbsp;&nbsp;271 | &nbsp;&nbsp;98.9% | &nbsp;&nbsp;Studio / 1BA | &nbsp;&nbsp;372 SF | &nbsp;&nbsp;$650 |
| &nbsp;&nbsp;7420 West Blvd | &nbsp;&nbsp;5.8 mi | &nbsp;&nbsp;1972 | &nbsp;&nbsp;271 | &nbsp;&nbsp;98.9% | &nbsp;&nbsp;1BR / 1BA | &nbsp;&nbsp;576-625 SF | &nbsp;&nbsp;$695-850 |
| &nbsp;&nbsp;Boardman, OH | &nbsp;&nbsp;5.8 mi | &nbsp;&nbsp;1972 | &nbsp;&nbsp;271 | &nbsp;&nbsp;98.9% | &nbsp;&nbsp;2BR / 1.5BA | &nbsp;&nbsp;1,275 SF | &nbsp;&nbsp;$1000 |

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(1) Source: Appraisal unless otherwise noted.

(2) Based on the underwritten rent roll April 16, 2026. Average Rent per Unit reflects
the average base rent for occupied units.

**The Borrower and the Borrower Sponsors.** The borrower is Westchester Real Estate Development LLC, an Ohio limited liability company and single purpose entity, with at least one independent director in its organizational structure. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Westchester Apartments Mortgage Loan.

The borrower sponsors and non-recourse carveout guarantors are Avi Mechlowitz and Isaak Volodarsky, co-founders and principals of Brookfall Group, LLC ("**<u>Brookfall Group</u>**"). Brookfall Group is a real estate investment and property management firm with a portfolio of three properties located in Youngstown and Boardman, Ohio.

**Property Management**. The Westchester Apartments Property is managed by Brookfall Group, a borrower affiliated management company.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 70 |

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| &nbsp;&nbsp;Multifamily – Garden<br> 4815 Westchester Drive<br> Austintown, OH 44515<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 8<br> **Westchester Apartments** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$38,000,000<br> 63.9%<br> 1.34x<br> 9.8% |

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**Initial and Ongoing Reserves**. At origination of the Westchester Apartments Mortgage Loan, the borrower deposited approximately $267,821 into a reserve account for real estate taxes, $62,998 into a reserve account for insurance premiums, $261,450 into a reserve account for replacements, and approximately $93,688 into a reserve account for immediate repairs.

*Tax Reserve –* The borrower is required to deposit into a real estate tax reserve, on a monthly basis, 1/12th of the taxes that the lender estimates will be payable over the next-ensuing 12-month period (initially estimated to be approximately $46,869.

*Insurance Reserve –* At the option of the lender, if the liability or casualty policies maintained by the borrower covering the Westchester Apartments Property are not approved blanket or umbrella policies, the borrower is required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount which will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies initially estimated to be approximately $20,999.

*Replacement Reserve* – The borrowers are required to deposit into a replacement reserve, on a monthly basis, approximately $15,650.

***Lockbox / Cash Management.*** The Westchester Apartments Mortgage Loan is structured with a springing lockbox and springing cash management. On the first occurrence of a Trigger Period (as defined below), the borrower is required to establish a lender-controlled lockbox account, and is thereafter required to deposit, or cause the property manager to deposit, immediately upon receipt, all revenue derived from the Westchester Apartments Property into such lender-controlled lockbox account. All funds deposited into the lockbox account are required to be transferred on the Wednesday of each week to or at the direction of the borrower unless a Trigger Period exists and lender elects (in its sole and absolute discretion) to deliver a restricted account notice, in which case all funds in the lockbox account are required to be swept on each business day to a lender-controlled cash management account to be applied and disbursed in accordance with the Westchester Apartments Mortgage Loan documents, and all excess cash flow funds remaining in the cash management account after the application of such funds in accordance with the Westchester Apartments Mortgage Loan documents are required to be held by the lender in an excess cash flow reserve account as additional collateral for the Westchester Apartments Mortgage Loan. Upon the expiration of all Trigger Periods, the lender is required to return any amounts remaining on deposit in the excess cash flow reserve account to the borrower. Upon an event of default under the Westchester Apartments Mortgage Loan documents, the lender may apply funds to the Westchester Apartments Mortgage Loan in such priority as it may determine.

A "**<u>Trigger Period</u>**" means a period (A) commencing upon the earlier of (i) the occurrence and continuance of an event of default, and (ii) the debt service coverage ratio being less than 1.15x; and (B) expiring upon (x) with regard to clause (i) above, the cure (if applicable) of such event of default, and (y) with regard to clause (ii) above, the date that the debt service coverage ratio is equal to or greater than 1.15x for two consecutive calendar quarters.

**Current Mezzanine or Secured Subordinate Indebtedness.** None.

**Permitted Future Mezzanine or Secured Subordinate Indebtedness.** Not permitted.

**Release of Collateral.** Not permitted.

**Ground Lease.** None.

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 71 |

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| &nbsp;&nbsp;Hospitality – Full Service<br> 100 General McIntosh Boulevard<br> Savannah, GA 31401<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 9<br> **Marriott Savannah Riverfront** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$31,959,868<br> 57.9%<br> 1.59x<br> 15.1% |

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![](n5868prets_img018.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 72 |

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|:---|:---|:---|:---|
| &nbsp;&nbsp;Hospitality – Full Service<br> 100 General McIntosh Boulevard<br> Savannah, GA 31401<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 9<br> **Marriott Savannah Riverfront** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$31,959,868<br> 57.9%<br> 1.59x<br> 15.1% |

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![](n5868prets_img019.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 73 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Hospitality – Full Service<br> 100 General McIntosh Boulevard<br> Savannah, GA 31401<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 9<br> **Marriott Savannah Riverfront** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$31,959,868<br> 57.9%<br> 1.59x<br> 15.1% |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Property Information** | &nbsp;&nbsp;**Property Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;Barclays | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Single Asset |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Refinance | &nbsp;&nbsp;**Property Type – Subtype:** | &nbsp;&nbsp;Hospitality – Full Service |
| &nbsp;&nbsp;**Borrower Sponsor(s)<sup>(1)</sup>:** | &nbsp;&nbsp;Various | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s):** | &nbsp;&nbsp;Columbia Properties Savannah, LLC | &nbsp;&nbsp;**Location:** | &nbsp;&nbsp;Savannah, GA |
| &nbsp;&nbsp;**Original Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$32000000 | &nbsp;&nbsp;**Year Built / Renovated:** | &nbsp;&nbsp;1992 / 2015-2025 |
| &nbsp;&nbsp;**Cut-off Date Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$31959868 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;Crestview Management, LLC |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;4.2% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;387 Rooms |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;6.90000% | &nbsp;&nbsp;**Appraised Value / Per Room:** | &nbsp;&nbsp;$176,000,000 / $454,780 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;March 26, 2026 | &nbsp;&nbsp;**Appraisal Date:** | &nbsp;&nbsp;February 10, 2026 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 Months | &nbsp;&nbsp;**Occupancy:** | &nbsp;&nbsp;69.3% |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Amortizing Balloon | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;69.3% as of February 28, 2026 |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;300 Months | &nbsp;&nbsp;**Underwritten NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$15367876 |
| &nbsp;&nbsp;**Interest Only Period:** |  | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$13660752 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;May 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;April 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type<sup>(2)</sup>:** | &nbsp;&nbsp;Pari Passu | &nbsp;&nbsp;**Most Recent NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$15,337,376 (TTM February 28, 2026) |
| &nbsp;&nbsp;**Additional Debt Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$69912211 | &nbsp;&nbsp;**2025 NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$15236744 |
| &nbsp;&nbsp;**Call Protection<sup>(3)</sup>:** | &nbsp;&nbsp;L(25),D(28),O(7) | &nbsp;&nbsp;**2024 NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$18123228 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Hard / Springing | &nbsp;&nbsp;**2023 NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$18041423 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(5)</sup>** | &nbsp;&nbsp;**Reserves<sup>(5)</sup>** | &nbsp;&nbsp;**Reserves<sup>(5)</sup>** | &nbsp;&nbsp;**Reserves<sup>(5)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(2)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(2)</sup>** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / Room:** | $263235 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$543333 | &nbsp;&nbsp;$115811 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / Room:** | $2414 83 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | 57.9% |
| &nbsp;&nbsp;**FF&E:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$142260 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date LTV:** | 53.1% |
| &nbsp;&nbsp;**PIP Reserve:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | 15.1% |
| &nbsp;&nbsp;**Replacement Comfort Letter Reserve:** | &nbsp;&nbsp;$2500 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NCF DSCR:** | 1.59x |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Whole Loan<sup>(2)</sup> | &nbsp;&nbsp;$102000000 | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;Loan Payoff | &nbsp;&nbsp;$56761309 | &nbsp;&nbsp;55.6% |
|  |  |  | &nbsp;&nbsp;Return of Equity | &nbsp;&nbsp;44093080 | &nbsp;&nbsp;43.2 |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;599778 | &nbsp;&nbsp;0.6 |
|  |  |  | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;545833 | &nbsp;&nbsp;0.5 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$102000000** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$102000000** | &nbsp;&nbsp;**100.0%** |

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(1) The borrower sponsors are William J. Yung III, Martha Yung, William J. Yung IV, Joseph A. Yung, Julie
A. Haught, Judith A. Yung, Jennifer A. Yung, Michelle M. Christensen and Scott A. Yung.

(2) The Marriott Savannah Riverfront Mortgage Loan (as defined below) is part of the Marriott Savannah Riverfront
Whole Loan (as defined below) evidenced by three *pari passu* promissory notes with an aggregate outstanding principal balance as
of the Cut-off Date of $101,872,079. Financial information presented in the chart above is based on the Marriott Savannah Riverfront Whole
Loan.

(3) The defeasance lockout period will be at least 25 payment dates beginning with and including the first
payment date on May 6, 2026. Defeasance of the Marriott Savannah Riverfront Whole Loan is permitted after the date that is the earlier
of (i) two years from the closing date of the securitization that includes the last *pari passu* note to be securitized and (ii)
March 26, 2029. The assumed defeasance lockout period of 25 payments is based on the closing date of the Benchmark 2026-V22 securitization
trust in May 2026. The actual defeasance lockout period may be longer.

(4) The decrease in 2025 NOI, Most Recent NOI and UW NOI from 2024 NOI and 2023 NOI is primarily due to softening
transient market demand as a result of macroeconomic trends and heightened price consciousness among tourists. However, management at
the Marriott Savannah Riverfront Property (as defined below) reported that they think the softening has bottomed as of the fourth quarter
of 2025 as they have been experiencing heightened forward bookings through 2026 and 2027. As of January 2026, the Marriott Savannah Riverfront
Property had $6.3 million in forward bookings for the eleven-month period ending November 2026, relative to $5.5 million for the prior
year. Additionally, management at the Marriott Savannah Riverfront Property reported approximately $5.0 million in forward bookings for
the eleven-month period ending November 2027. UW NOI does not account for the anticipated increase in revenues associated with forward
bookings.

(5) For a further description of Reserves, see "*Initial and Ongoing Reserves*" below .

 

**The Loan.** The ninth largest mortgage loan (the "**<u>Marriott Savannah Riverfront Mortgage Loan</u>**") is part of a whole loan (the "**<u>Marriott Savannah Riverfront Whole Loan</u>**") which is comprised of three *pari passu* promissory notes with an aggregate outstanding principal balance as of the Cut-off Date of $101,872,079. The Marriott Savannah Riverfront Whole Loan is secured by the borrower's fee interest in a full-service hospitality property located in Savannah, Georgia (the "**<u>Marriott Savannah Riverfront Property</u>**"). The Marriott Savannah Riverfront Whole Loan was originated on March 26, 2026 by Barclays Capital Real Estate, Inc. ("**<u>BCREI</u>**"). The Marriott Savannah Riverfront Whole Loan accrues interest at a rate of 6.90000% *per annum* on an Actual/360 basis, has a 5-year term and is amortizing on

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 74 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Hospitality – Full Service<br> 100 General McIntosh Boulevard<br> Savannah, GA 31401<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 9<br> **Marriott Savannah Riverfront** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$31,959,868<br> 57.9%<br> 1.59x<br> 15.1% |

---

a 300-month schedule. The Marriott Savannah Riverfront Mortgage Loan is evidenced by the non-controlling Note A-2 contributed by Barclays with an original principal balance of $32,000,000.

The table below identifies the promissory notes that comprise the Marriott Savannah Riverfront Whole Loan. The Marriott Savannah Riverfront Whole Loan will be serviced pursuant to the pooling and servicing agreement for the BBCMS 2026-5C41 securitization trust, *provided* that upon the securitization of the controlling Note A-1, the Marriott Savannah Riverfront Whole Loan will be serviced under the pooling and servicing agreement for the securitization to which Note A-1 is contributed. The relationship between the holders of the Marriott Savannah Riverfront Whole Loan is governed by a co-lender agreement. See "*The Description of the Mortgage Pool—The Whole Loans—The Outside Serviced Whole Loans*" and "*The Pooling and Servicing Agreement*" in the Preliminary Prospectus.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Whole Loan Summary** | **Whole Loan Summary** | **Whole Loan Summary** | **Whole Loan Summary** | **Whole Loan Summary** |
| &nbsp;&nbsp;**Note** | **Original Balance** | **Cut-off Date Balance** | **Note Holder** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Controlling Piece** |
| &nbsp;&nbsp;A-1<sup>(1)</sup> | $40000000 | $39949835 | BCREI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes |
| &nbsp;&nbsp;**A-2** | **$32000000** | **$31959868** | **Benchmark 2026-V22** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**No** |
| &nbsp;&nbsp;A-3 | $30000000 | $29962376 | BBCMS 2026-5C41<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No |
| &nbsp;&nbsp;**Total** | **$102000000** | **$101872079** |  |  |

---

(1) Expected to be contributed to one or more future securitization transactions.

(2) The BBCMS 2026-5C41 securitization trust has an expected closing date of May 21,
2026. **The Property.** The Marriott Savannah Riverfront Property is an 8-story, 387-room full-service hotel located in Savannah, Georgia. The borrower sponsors acquired and developed the Marriott Savannah Riverfront Property in 1992 and have invested approximately $26.3 million since 2015 into capital expenditures, including a $20.2 million comprehensive PIP that took place over 2017 and 2018. The PIP included, among other things, exterior and site work, public space renovations, guestroom and corridor upgrades and meeting space renovations. The unit mix at the Marriott Savannah Riverfront Property includes 123 double/double rooms, 222 king rooms, 30 junior king suites and 12 executive king suites. Hotel amenities include an outdoor swimming pool, bar and lounge, spa, valet dry cleaning, fitness center, and 24,536 square feet of meeting space. The Marriott Savannah Riverfront Property operates under a franchise agreement with Marriott International, Inc. through July 22, 2034.

As of February 28, 2026, the Marriott Savannah Riverfront Property had a trailing 12-month occupancy of 69.3%, ADR of $233.04 and RevPAR of $161.51. Total revenue at the Marriott Savannah Riverfront Property is comprised of three components: rooms (66.8% of underwritten revenue), food and beverage (24.9% of underwritten revenue) and other departmental revenues (8.3% of underwritten revenue). According to the appraisal, demand segmentation is approximately 60% leisure and 40% meeting and group.

The following table presents certain information relating to the current and historical Occupancy, ADR and RevPAR at the Marriott Savannah Riverfront Property and its competitors:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** | **Occupancy, ADR, RevPAR<sup>(1)</sup>** |
|  | &nbsp;&nbsp;**Marriott Savannah Riverfront<sup>(2)</sup>** | &nbsp;&nbsp;**Marriott Savannah Riverfront<sup>(2)</sup>** | &nbsp;&nbsp;**Marriott Savannah Riverfront<sup>(2)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)(4)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)(4)</sup>** | &nbsp;&nbsp;**Competitive Set<sup>(3)(4)</sup>** | &nbsp;&nbsp;**Penetration Factor** | &nbsp;&nbsp;**Penetration Factor** | &nbsp;&nbsp;**Penetration Factor** |
| &nbsp;&nbsp;**Period** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** | &nbsp;&nbsp;**Occupancy<sup>(3)</sup>** | &nbsp;&nbsp;**ADR<sup>(3)</sup>** | &nbsp;&nbsp;**RevPAR<sup>(3)</sup>** | &nbsp;&nbsp;**Occupancy** | &nbsp;&nbsp;**ADR** | &nbsp;&nbsp;**RevPAR** |
| &nbsp;&nbsp;2023 | &nbsp;&nbsp;81.4% | &nbsp;&nbsp;$226.36 | &nbsp;&nbsp;$182.31 | &nbsp;&nbsp;77.6% | &nbsp;&nbsp;$213.27 | &nbsp;&nbsp;$165.57 | &nbsp;&nbsp;104.8% | &nbsp;&nbsp;106.1% | &nbsp;&nbsp;110.1% |
| &nbsp;&nbsp;2024 | &nbsp;&nbsp;76.4% | &nbsp;&nbsp;$238.03 | &nbsp;&nbsp;$181.72 | &nbsp;&nbsp;75.7% | &nbsp;&nbsp;$215.94 | &nbsp;&nbsp;$163.56 | &nbsp;&nbsp;100.8% | &nbsp;&nbsp;110.2% | &nbsp;&nbsp;111.1% |
| &nbsp;&nbsp;2025 | &nbsp;&nbsp;69.8% | &nbsp;&nbsp;$231.16 | &nbsp;&nbsp;$161.45 | &nbsp;&nbsp;72.5% | &nbsp;&nbsp;$210.37 | &nbsp;&nbsp;$152.60 | &nbsp;&nbsp;96.3% | &nbsp;&nbsp;109.9% | &nbsp;&nbsp;105.8% |
| &nbsp;&nbsp;TTM<sup>(5)</sup> | &nbsp;&nbsp;69.3% | &nbsp;&nbsp;$233.04 | &nbsp;&nbsp;$161.51 | &nbsp;&nbsp;72.4% | &nbsp;&nbsp;$210.72 | &nbsp;&nbsp;$152.55 | &nbsp;&nbsp;95.7% | &nbsp;&nbsp;110.6% | &nbsp;&nbsp;105.9% |

---

(1) Variances between the underwriting, the appraisal and the above table with respect
to Occupancy, ADR and RevPAR at the Marriott Savannah Riverfront Property are attributable to variances in reporting methodologies and/or
timing differences.

(2) Based on underwriting.

(3) Data obtained from third-party hospitality research reports.

(4) The competitive set consists of the following hotels: Hyatt Regency Savannah, Courtyard
Savannah Downtown/Historic District, The DeSoto Savannah, Holiday Inn Savannah Historic District and The Westin Savannah Harbor Golf Resort
& Spa.

(5) TTM information is based on the TTM February 2026 information for the Marriott Savannah
Riverfront Property and the TTM January 2026 data for the competitive set.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 75 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Hospitality – Full Service<br> 100 General McIntosh Boulevard<br> Savannah, GA 31401<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 9<br> **Marriott Savannah Riverfront** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$31,959,868<br> 57.9%<br> 1.59x<br> 15.1% |

---

The following table presents certain information relating to the operating history and underwritten cash flows of the Marriott Savannah Riverfront Property:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** |
|  | &nbsp;&nbsp;**2023<sup>(1)</sup>** | &nbsp;&nbsp;**2024<sup>(1)</sup>** | &nbsp;&nbsp;**2025<sup>(1)</sup>** | &nbsp;&nbsp;**TTM<sup>(1) (2)</sup>** | &nbsp;&nbsp;**UW <sup>(1)</sup>** | &nbsp;&nbsp;**Per Room<sup>(3)</sup>** | &nbsp;&nbsp;**% of Total Revenue<sup>(4)</sup>** |
| &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;**81.4%** | &nbsp;&nbsp;**76.4%** | &nbsp;&nbsp;**69.8%** | &nbsp;&nbsp;**69.3%** | &nbsp;&nbsp;**69.3%** |  |  |
| &nbsp;&nbsp;ADR | &nbsp;&nbsp;**$226.36** | &nbsp;&nbsp;**$238.03** | &nbsp;&nbsp;**$231.16** | &nbsp;&nbsp;**$233.04** | &nbsp;&nbsp;**$233.04** |  |  |
| &nbsp;&nbsp;RevPAR | &nbsp;&nbsp;**$182.31** | &nbsp;&nbsp;**$181.72** | &nbsp;&nbsp;**$161.45** | &nbsp;&nbsp;**$161.51** | &nbsp;&nbsp;**$161.51** |  |  |
| &nbsp;&nbsp;Rooms Revenue | &nbsp;&nbsp;$26023856 | &nbsp;&nbsp;$25739649 | &nbsp;&nbsp;$22806218 | &nbsp;&nbsp;$22813573 | &nbsp;&nbsp;$22813573 | &nbsp;&nbsp;$58950 | &nbsp;&nbsp;66.8% |
| &nbsp;&nbsp;Food & Beverage Revenue | &nbsp;&nbsp;9472464 | &nbsp;&nbsp;9945711 | &nbsp;&nbsp;8344190 | &nbsp;&nbsp;8504968 | &nbsp;&nbsp;8504968 | &nbsp;&nbsp;$21977 | &nbsp;&nbsp;24.9% |
| &nbsp;&nbsp;Other Revenue<sup>(5)</sup> | &nbsp;&nbsp;3470783 | &nbsp;&nbsp;3430971 | &nbsp;&nbsp;2915349 | &nbsp;&nbsp;2823931 | &nbsp;&nbsp;2823931 | &nbsp;&nbsp;$7297 | &nbsp;&nbsp;8.3% |
| &nbsp;&nbsp;**Total Revenue** | &nbsp;&nbsp;**$38967103** | &nbsp;&nbsp;**$39116331** | &nbsp;&nbsp;**$34065757** | &nbsp;&nbsp;**$34142472** | &nbsp;&nbsp;**$34142472** | &nbsp;&nbsp;**$88223** | &nbsp;&nbsp;**100.0%** |
| &nbsp;&nbsp;Rooms Expense | &nbsp;&nbsp;$4994892 | &nbsp;&nbsp;$4588646 | &nbsp;&nbsp;$4195342 | &nbsp;&nbsp;$4129014 | &nbsp;&nbsp;$4129014 | &nbsp;&nbsp;$10669 | &nbsp;&nbsp;18.1% |
| &nbsp;&nbsp;Food & Beverage Expense | &nbsp;&nbsp;4125348 | &nbsp;&nbsp;4085507 | &nbsp;&nbsp;3620825 | &nbsp;&nbsp;3712957 | &nbsp;&nbsp;3712957 | &nbsp;&nbsp;$9594 | &nbsp;&nbsp;43.7% |
| &nbsp;&nbsp;Other Expense | &nbsp;&nbsp;299657 | &nbsp;&nbsp;282439 | &nbsp;&nbsp;283741 | &nbsp;&nbsp;278072 | &nbsp;&nbsp;278072 | &nbsp;&nbsp;$719 | &nbsp;&nbsp;9.8% |
| &nbsp;&nbsp;**Departmental Expenses** | &nbsp;&nbsp;**$9419897** | &nbsp;&nbsp;**$8956592** | &nbsp;&nbsp;**$8099908** | &nbsp;&nbsp;**$8120043** | &nbsp;&nbsp;**$8120043** | &nbsp;&nbsp;**$20982** | &nbsp;&nbsp;**23.8%** |
| &nbsp;&nbsp;**Departmental Profit** | &nbsp;&nbsp;**$29547206** | &nbsp;&nbsp;**$30159739** | &nbsp;&nbsp;**$25965849** | &nbsp;&nbsp;**$26022429** | &nbsp;&nbsp;**$26022429** | &nbsp;&nbsp;**$67241** | &nbsp;&nbsp;**76.2%** |
| &nbsp;&nbsp;**Total Undistributed Expenses** | &nbsp;&nbsp;**$9160807** | &nbsp;&nbsp;**$9367408** | &nbsp;&nbsp;**$8266714** | &nbsp;&nbsp;**$8252740** | &nbsp;&nbsp;**$8252740** | &nbsp;&nbsp;**$21325** | &nbsp;&nbsp;**24.2%** |
| &nbsp;&nbsp;**Gross Operating Profit** | &nbsp;&nbsp;**$20386399** | &nbsp;&nbsp;**$20792331** | &nbsp;&nbsp;**$17699135** | &nbsp;&nbsp;**$17769689** | &nbsp;&nbsp;**$17769689** | &nbsp;&nbsp;**$45917** | &nbsp;&nbsp;**52.0%** |
| &nbsp;&nbsp;Real Estate Taxes | &nbsp;&nbsp;$1327662 | &nbsp;&nbsp;$1416483 | &nbsp;&nbsp;$1349255 | &nbsp;&nbsp;$1349255 | &nbsp;&nbsp;$1349255 | &nbsp;&nbsp;$3486 | &nbsp;&nbsp;4.0% |
| &nbsp;&nbsp;Property Insurance | &nbsp;&nbsp;1010414 | &nbsp;&nbsp;1245720 | &nbsp;&nbsp;1106236 | &nbsp;&nbsp;1076158 | &nbsp;&nbsp;1052558 | &nbsp;&nbsp;$2720 | &nbsp;&nbsp;3.1% |
| &nbsp;&nbsp;Other Fixed Expenses | &nbsp;&nbsp;6900 | &nbsp;&nbsp;6900 | &nbsp;&nbsp;6900 | &nbsp;&nbsp;6900 | &nbsp;&nbsp;0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;0.0% |
| &nbsp;&nbsp;**Net Operating Income** | &nbsp;&nbsp;**$18041423** | &nbsp;&nbsp;**$18123228** | &nbsp;&nbsp;**$15236744** | &nbsp;&nbsp;**$15337376** | &nbsp;&nbsp;**$15367876** | &nbsp;&nbsp;**$39710** | &nbsp;&nbsp;**45.0%** |
| &nbsp;&nbsp;FF&E | &nbsp;&nbsp;$1948355 | &nbsp;&nbsp;$1955817 | &nbsp;&nbsp;$1703112 | &nbsp;&nbsp;$1707124 | &nbsp;&nbsp;$1707124 | &nbsp;&nbsp;$4411 | &nbsp;&nbsp;5.0% |
| &nbsp;&nbsp;**Net Cash Flow** | &nbsp;&nbsp;**$16093068** | &nbsp;&nbsp;**$16167411** | &nbsp;&nbsp;**$13533632** | &nbsp;&nbsp;**$13630252** | &nbsp;&nbsp;**$13660752** | &nbsp;&nbsp;**$35299** | &nbsp;&nbsp;**40.0%** |
| &nbsp;&nbsp;**NCF DSCR<sup>(6)</sup>** | &nbsp;&nbsp;**1.88x** | &nbsp;&nbsp;**1.89x** | &nbsp;&nbsp;**1.58x** | &nbsp;&nbsp;**1.59x** | &nbsp;&nbsp;**1.59x** |  |  |
| **NOI Debt Yield<sup>(6)</sup>** | **17.7%** | **17.8%** | **15.0%** | **15.1%** | **15.1%** |  |  |

---

(1) The decrease in 2025 Net Operating Income, TTM Net Operating Income and Underwritten
Net Operating Income from 2024 Net Operating Income and 2023 Net Operating Income is primarily due to softening transient market demand
as a result of macroeconomic trends and heightened price consciousness among tourists. However, management at the Marriott Savannah Riverfront
Property reported that they think the softening has bottomed as of the fourth quarter of 2025 as they have been experiencing heightened
forward bookings through 2026 and 2027. As of January 2026, the Marriott Savannah Riverfront Property had $6.3 million in forward bookings
for the eleven-month period ending November 2026, relative to $5.5 million for the prior year. Additionally, management at the Marriott
Savannah Riverfront Property reported approximately $5.0 million in forward bookings for the eleven-month period ending November 2027.
Underwritten Net Operating Income does not account for the anticipated increase in revenues associated with forward bookings.

(2) TTM is as of February 28, 2026.

(3) Per Room values are based on 387 rooms.

(4) % of Total Revenue for Rooms Expense, Food & Beverage Expense and Other Operated
Departments Expenses are based on their corresponding revenue line item. All other line items are
based on Total Revenue.

(5) Other Revenue includes parking, gift shop,
and spa revenues.

(6) NCF DSCR and NOI Debt Yield are based on the
Marriott Savannah Riverfront Whole Loan.

 ****

**Appraisal.** According to the appraisal, the Marriott Savannah Riverfront Property had an "as-is" appraised value of $176,000,000 as of February 10, 2026. The table below shows the appraisal's "as-is" conclusions.

---

| | | |
|:---|:---|:---|
| **Marriott Savannah Riverfront Appraised Value<sup>(1)</sup>** | **Marriott Savannah Riverfront Appraised Value<sup>(1)</sup>** | **Marriott Savannah Riverfront Appraised Value<sup>(1)</sup>** |
| **Property** | **Appraised Value** | **Capitalization Rate** |
| &nbsp;&nbsp;Marriott Savannah Riverfront | &nbsp;&nbsp;$176000000 | &nbsp;&nbsp;8.19% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Source: Appraisal.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 76 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Hospitality – Full Service<br> 100 General McIntosh Boulevard<br> Savannah, GA 31401<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 9<br> **Marriott Savannah Riverfront** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$31,959,868<br> 57.9%<br> 1.59x<br> 15.1% |

---

**Environmental.** According to the Phase I environmental site assessment dated February 12, 2026, there was no evidence of any recognized environmental conditions at the Marriott Savannah Riverfront Property.

**The Market.** The Marriott Savannah Riverfront Property is located in Savannah, Georgia within Savannah's downtown historic district (the "**<u>Savannah Historic District</u>**"). The Marriott Savannah Riverfront Property is situated along the Savannah River and is a short walking distance to popular tourist-centric streets such as Broughton Street, Bryan Street, Congress Street and East River Street. Downtown Savannah serves as the primary tourism corridor, offering dining, retail, museums, and nationally recognized nightlife and cuisine. According to the appraisal, the Savannah hospitality market is balanced and high-leisure with durable corporate, group and institutional demand. Savannah benefits from a combination of strong leisure fundamentals and year-round visitation which support elevated occupancy and pricing power.

According to the appraisal, leisure travel and destination tourism are the primary demand drivers for the Marriott Savannah Riverfront Property. Savannah is characterized by its authentic history, walkable urban core, coastal proximity and cultural depth. Attractions in Savannah such as public squares, historic homes, churches, museums and antebellum architecture create a dense, pedestrian-oriented environment that supports high occupancy, elevated ADRs and strong demand for centrally located hotels.

According to a third-party market report, as of year-end 2025, the Savannah Historic District submarket reported an overall occupancy of 73.2%, ADR of $218.16 and RevPAR of $159.73. Steady demand in the Savannah market allows occupancy levels and pricing power to remain steady even as new supply enters the market.

The following table presents certain information relating to the primary hotel competition for the Marriott Savannah Riverfront Property:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** | **Competitive Property Summary<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Year Built** | &nbsp;&nbsp;**# of Rooms** | &nbsp;&nbsp;**Meeting & Group** | &nbsp;&nbsp;**Leisure** | &nbsp;&nbsp;**2025 Occupancy** | &nbsp;&nbsp;**2025 ADR** | &nbsp;&nbsp;**2025 RevPAR** |
| &nbsp;&nbsp;**Marriott Savannah Riverfront<sup>(2)</sup>** | &nbsp;&nbsp;**1992** | &nbsp;&nbsp;**387** | &nbsp;&nbsp;**40%** | &nbsp;&nbsp;**60%** | &nbsp;&nbsp;**69.3%** | &nbsp;&nbsp;**$233.04** | &nbsp;&nbsp;**$161.51** |
| &nbsp;&nbsp;Andaz Savannah | &nbsp;&nbsp;2009 | &nbsp;&nbsp;151 | &nbsp;&nbsp;25% | &nbsp;&nbsp;75% | &nbsp;&nbsp;75%-80% | &nbsp;&nbsp;$215-$220 | &nbsp;&nbsp;$160-$165 |
| &nbsp;&nbsp;Hotel Bardo Savannah | &nbsp;&nbsp;2005 | &nbsp;&nbsp;149 | &nbsp;&nbsp;20% | &nbsp;&nbsp;80% | &nbsp;&nbsp;65%-70% | &nbsp;&nbsp;$370-$375 | &nbsp;&nbsp;$240-$245 |
| &nbsp;&nbsp;Hyatt Regency Savannah | &nbsp;&nbsp;1981 | &nbsp;&nbsp;351 | &nbsp;&nbsp;40% | &nbsp;&nbsp;60% | &nbsp;&nbsp;85%-90% | &nbsp;&nbsp;$210-$215 | &nbsp;&nbsp;$175-$180 |
| &nbsp;&nbsp;JW Marriott Savannah Riverside District | &nbsp;&nbsp;2020 | &nbsp;&nbsp;419 | &nbsp;&nbsp;40% | &nbsp;&nbsp;60% | &nbsp;&nbsp;75%-80% | &nbsp;&nbsp;$310-$315 | &nbsp;&nbsp;$240-$245 |
| &nbsp;&nbsp;Perry Lane Hotel, Savannah | &nbsp;&nbsp;2018 | &nbsp;&nbsp;167 | &nbsp;&nbsp;25% | &nbsp;&nbsp;75% | &nbsp;&nbsp;75%-80% | &nbsp;&nbsp;$380-$385 | &nbsp;&nbsp;$285-$290 |
| &nbsp;&nbsp;The Alida, Savannah | &nbsp;&nbsp;2019 | &nbsp;&nbsp;173 | &nbsp;&nbsp;25% | &nbsp;&nbsp;75% | &nbsp;&nbsp;70%-75% | &nbsp;&nbsp;$250-$255 | &nbsp;&nbsp;$185-$190 |
| &nbsp;&nbsp;The DeSoto Savannah | &nbsp;&nbsp;1968 | &nbsp;&nbsp;246 | &nbsp;&nbsp;20% | &nbsp;&nbsp;80% | &nbsp;&nbsp;70%-75% | &nbsp;&nbsp;$205-$210 | &nbsp;&nbsp;$145-$150 |
| &nbsp;&nbsp;The Kimpton Brice | &nbsp;&nbsp;1868 | &nbsp;&nbsp;145 | &nbsp;&nbsp;20% | &nbsp;&nbsp;80% | &nbsp;&nbsp;70%-75% | &nbsp;&nbsp;$180-$185 | &nbsp;&nbsp;$125-$130 |
| &nbsp;&nbsp;The Westin Savannah Harbor | &nbsp;&nbsp;1999 | &nbsp;&nbsp;403 | &nbsp;&nbsp;40% | &nbsp;&nbsp;60% | &nbsp;&nbsp;65%-70% | &nbsp;&nbsp;$245-$250 | &nbsp;&nbsp;$170-$175 |
| &nbsp;&nbsp;Thompson Savannah | &nbsp;&nbsp;2021 | &nbsp;&nbsp;193 | &nbsp;&nbsp;25% | &nbsp;&nbsp;75% | &nbsp;&nbsp;75%-80% | &nbsp;&nbsp;$245-$250 | &nbsp;&nbsp;$190-$195 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Source: Appraisal unless otherwise noted. Occupancy, ADR and RevPAR are based on estimated 2025 values.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Number of Rooms, Occupancy, ADR and RevPAR are based on the UW as of February 28, 2026.

**The Borrower and the Borrower Sponsors.** The borrowing entity for the Marriott Savannah Riverfront Whole Loan is Columbia Properties Savannah, LLC, a Delaware limited liability company and special purpose entity. The borrower is required to have at least two independent directors. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the Marriott Savannah Riverfront Whole Loan.

The borrower sponsors are William J. Yung III, Martha Yung, William J. Yung IV, Joseph A. Yung, Julie A. Haught, Judith A. Yung, Jennifer A. Yung, Michelle M. Christensen and Scott A. Yung. William J. Yung founded Columbia Sussex Corporation ("**<u>Columbia Sussex</u>**") in 1972, which is a leading hospitality company specializing in owning and operating full-service hotels across major brands including Marriott, Hilton, Hyatt, Westin and Renaissance. Columbia Sussex owns and manages more than 40 hospitality assets across the United States. As of year-end 2024, Columbia Sussex reported $2.5 billion in total assets, $297.9 million in stockholders' equity and $73.2 million of cash and cash equivalents. For additional information regarding the borrower sponsors, see "*Description of the Mortgage Pool—Loan Purpose; Default History, Bankruptcy Issues and Other Proceedings*" in the Preliminary Prospectus.

**Property Management.** The Marriott Savannah Riverfront Property is managed by Crestview Management, LLC, an affiliate of the borrower sponsors.

**Initial and Ongoing Reserves.** At origination, the borrower reserved (i) approximately $543,333 for real estate taxes and (ii) $2,500 for the lender to obtain a replacement or reissued franchisor comfort letter.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 77 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Hospitality – Full Service<br> 100 General McIntosh Boulevard<br> Savannah, GA 31401<br>| &nbsp;&nbsp;Collateral Asset Summary – Loan No. 9<br> **Marriott Savannah Riverfront** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$31,959,868<br> 57.9%<br> 1.59x<br> 15.1% |

---

*Tax Escrows* – The borrower is required to deposit monthly 1/12th of an amount that the lender estimates would be sufficient to pay taxes for the next ensuing 12 months, initially equal to approximately $115,811.

*Insurance Escrows* – The borrower is required to deposit monthly 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of coverage, unless the borrower maintains a blanket insurance policy in accordance with the Marriott Savannah Riverfront Whole Loan documents. At origination of the Marriott Savannah Riverfront Whole Loan, an acceptable blanket policy was in place.

*FF&E Reserve* – The borrower is required to deposit monthly into the replacement reserve account an amount equal to 1/12th of 5% of the gross revenue generated in the immediately preceding calendar year, initially equal to approximately $142,260.

*PIP Reserve –* Commencing on May 6, 2030, and on each monthly payment date thereafter, the borrower will be required to deposit $400,000 into the PIP reserve account. Additionally, if at any time the franchisor requires additional PIP work, the borrower is required to deposit the amount equal to 100% of the PIP required by the franchisor into the PIP reserve account within 15 days after receipt of notice from the franchisor.

**Lockbox / Cash Management.** The Marriott Savannah Riverfront Whole Loan is structured with a hard lockbox and springing cash management. Rents and credit card receipts from the Marriott Savannah Riverfront Property are required to be deposited directly into the lockbox account. On each business day, all funds in the lockbox accounts will be swept to an account designated by the borrower, unless a Cash Trap Event Period (as defined below) is continuing, in which case such funds are required to be swept on each business day into a cash management account controlled by the lender, and, following payment of taxes and insurance, debt service, bank fees, operating expenses and required reserves, all funds are required to be deposited into the excess cash flow reserve, to be held by the lender as additional security for the Marriott Savannah Riverfront Whole Loan and disbursed in accordance with the terms of the Marriott Savannah Riverfront Whole Loan documents. To the extent no Cash Trap Event Period is occurring, all excess cash flow funds are required to be disbursed to the borrower.

"**<u>Cash Trap Event Period</u>**" means the occurrence of (i) an event of default under the Marriott Savannah Riverfront Whole Loan documents, (ii) the debt service coverage ratio being below 1.20x, (iii) the occurrence of a PIP Trigger Event (as defined below) or (iv) the occurrence of a Franchise Agreement Trigger Event (as defined below).

A Cash Trap Event Period will end upon the occurrence of, with respect to (a) clause (i) above, the cure of such event of default, (b) clause (ii) above, the debt service coverage ratio being equal to or greater than 1.20x for one calendar quarter, (c) clause (iii) above, the cure of such PIP Trigger Event or (d) clause (iv) above, the cure of such Franchise Agreement Trigger Event.

"**<u>PIP Trigger Event</u>**" will occur if the borrower fails to complete any replacements and/or alterations to the Marriott Savannah Riverfront Property imposed by the franchisor that results in an event of default under the franchise agreement.

"**<u>Franchise Agreement Trigger Event</u>**" will occur at such time that the Marriott Savannah Riverfront Property is not operated pursuant to a franchise agreement without the lender's consent. A Franchise Agreement Trigger Event will end at such time as the Marriott Savannah Riverfront Property is operating pursuant to a franchise agreement in accordance with the terms of the Marriott Savannah Riverfront Whole Loan documents.

**Subordinate and Mezzanine Debt.** None.

**Permitted Future Mezzanine Debt**. Not permitted.

**Partial Release.** Not permitted.

**Ground Lease.** None.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 78 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

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![](n5868prets_img020.jpg)

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 79 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

---

![](n5868prets_img021.jpg)

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 80 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Mortgage Loan Information** | &nbsp;&nbsp;**Property Information** | &nbsp;&nbsp;**Property Information** |
| &nbsp;&nbsp;**Loan Seller:** | &nbsp;&nbsp;GACC | &nbsp;&nbsp;**Single Asset / Portfolio:** | &nbsp;&nbsp;Single Asset |
| &nbsp;&nbsp;**Loan Purpose:** | &nbsp;&nbsp;Recapitalization | &nbsp;&nbsp;**Property Type – Subtype:** | &nbsp;&nbsp;Office – Urban |
| &nbsp;&nbsp;**Borrower Sponsor(s)<sup>(1)</sup>:** | &nbsp;&nbsp;Joseph Jerome, Morris Jerome, Jacob Jerome, Louis Jerome, Adnane Mousannif, Edmond Safra, Morris Sabagh and Abraham Kassin | &nbsp;&nbsp;**Collateral:** | &nbsp;&nbsp;Fee |
| &nbsp;&nbsp;**Borrower(s):** | &nbsp;&nbsp;1 Willoughby Square Property Owner LLC | &nbsp;&nbsp;**Location:** | &nbsp;&nbsp;Brooklyn, NY |
| &nbsp;&nbsp;**Original Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$25000000 | &nbsp;&nbsp;**Year Built / Renovated:** | &nbsp;&nbsp;2021 / NAP |
| &nbsp;&nbsp;**Cut-off Date Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$25000000 | &nbsp;&nbsp;**Property Management:** | &nbsp;&nbsp;LMJ Realty Management LLC |
| &nbsp;&nbsp;**% by Initial UPB:** | &nbsp;&nbsp;3.3% | &nbsp;&nbsp;**Size:** | &nbsp;&nbsp;280,348 SF |
| &nbsp;&nbsp;**Interest Rate:** | &nbsp;&nbsp;6.78600% | &nbsp;&nbsp;**Appraised Value / Per SF:** | &nbsp;&nbsp;$190,800,000 / $681 |
| &nbsp;&nbsp;**Note Date:** | &nbsp;&nbsp;December 15, 2025 | &nbsp;&nbsp;**Appraisal Date:** | &nbsp;&nbsp;September 2, 2025 |
| &nbsp;&nbsp;**Original Term:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Occupancy:** | &nbsp;&nbsp;95.0% (as of December 15, 2025) |
| &nbsp;&nbsp;**Amortization:** | &nbsp;&nbsp;Interest Only | &nbsp;&nbsp;**UW Economic Occupancy:** | &nbsp;&nbsp;93.0% |
| &nbsp;&nbsp;**Original Amortization:** | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Underwritten NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$13187650 |
| &nbsp;&nbsp;**Interest Only Period:** | &nbsp;&nbsp;60 months | &nbsp;&nbsp;**Underwritten NCF:** | &nbsp;&nbsp;$12711058 |
| &nbsp;&nbsp;**First Payment Date:** | &nbsp;&nbsp;February 6, 2026 |  |  |
| &nbsp;&nbsp;**Maturity Date:** | &nbsp;&nbsp;January 6, 2031 | &nbsp;&nbsp;**Historical NOI** | &nbsp;&nbsp;**Historical NOI** |
| &nbsp;&nbsp;**Additional Debt Type<sup>(2)</sup>*:*** | &nbsp;&nbsp;*Pari Passu* | &nbsp;&nbsp;**Most Recent NOI<sup>(4)</sup>:** | &nbsp;&nbsp;$8,876,065 (TTM September 30, 2025) |
| &nbsp;&nbsp;**Additional Debt Balance<sup>(2)</sup>:** | &nbsp;&nbsp;$100000000 | &nbsp;&nbsp;**2024 NOI:** | &nbsp;&nbsp;$8772008 |
| &nbsp;&nbsp;**Call Protection<sup>(3)</sup>:** | &nbsp;&nbsp;L(28),D(28),O(4) | &nbsp;&nbsp;**2023 NOI:** | &nbsp;&nbsp;$7010426 |
| &nbsp;&nbsp;**Lockbox / Cash Management:** | &nbsp;&nbsp;Hard / Springing | &nbsp;&nbsp;**2022 NOI:** | &nbsp;&nbsp;$2828623 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reserves<sup>(3)</sup>** | &nbsp;&nbsp;**Reserves<sup>(3)</sup>** | &nbsp;&nbsp;**Reserves<sup>(3)</sup>** | &nbsp;&nbsp;**Reserves<sup>(3)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(2)</sup>** | &nbsp;&nbsp;**Financial Information<sup>(2)</sup>** |
|  | &nbsp;&nbsp;**Initial** | &nbsp;&nbsp;**Monthly** | &nbsp;&nbsp;**Cap** | &nbsp;&nbsp;**Cut-off Date Loan / SF:** | &nbsp;&nbsp;$446 |
| &nbsp;&nbsp;**Taxes:** | &nbsp;&nbsp;$30691 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date Loan / SF:** | &nbsp;&nbsp;$446 |
| &nbsp;&nbsp;**Insurance:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Cut-off Date LTV:** | &nbsp;&nbsp;65.5% |
| &nbsp;&nbsp;**Replacement Reserves:** | &nbsp;&nbsp;$0 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**Maturity Date LTV:** | &nbsp;&nbsp;65.5% |
| &nbsp;&nbsp;**TI / LC:** | &nbsp;&nbsp;$4566619 | &nbsp;&nbsp;Springing | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NOI DY:** | &nbsp;&nbsp;10.6% |
| &nbsp;&nbsp;**Free Rent:** | &nbsp;&nbsp;$4793870 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;NAP | &nbsp;&nbsp;**UW NCF DSCR:** | &nbsp;&nbsp;1.48x |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** | &nbsp;&nbsp;**Sources and Uses** |
| &nbsp;&nbsp;**Sources** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** | &nbsp;&nbsp;**Uses** | &nbsp;&nbsp;**Proceeds** | &nbsp;&nbsp;**% of Total** |
| &nbsp;&nbsp;Whole Loan<sup>(2)</sup> | &nbsp;&nbsp;$125000000 | &nbsp;&nbsp;64.6% | &nbsp;&nbsp;Loan Payoff<sup>(6)</sup> | &nbsp;&nbsp;$179500000 | &nbsp;&nbsp;92.8% |
| &nbsp;&nbsp;Principal Equity Contribution<sup>(5)</sup> | &nbsp;&nbsp;68519304 | &nbsp;&nbsp;35.4 | &nbsp;&nbsp;Upfront Reserves | &nbsp;&nbsp;9391180 | &nbsp;&nbsp;4.9 |
|  |  |  | &nbsp;&nbsp;Closing Costs | &nbsp;&nbsp;4628125 | &nbsp;&nbsp;2.4 |
| &nbsp;&nbsp;**Total Sources** | &nbsp;&nbsp;**$193519304** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**Total Uses** | &nbsp;&nbsp;**$193519304** | &nbsp;&nbsp;**100.0%** |

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(1) See "— *The Borrower and the Borrower Sponsors*" below.

(2) The 1 Willoughby Square Mortgage Loan (as defined below) is part of the 1 Willoughby Square Whole Loan
(as defined below), which is comprised of three *pari passu* promissory notes with an aggregate original principal balance of $125,000,000.
The Financial Information in the chart above is based on the 1 Willoughby Square Whole Loan. See "— *The Loan* "
below.

(3) See "— *Initial and Ongoing Reserves*" below for further discussion of reserve information.

(4) The increase from Most Recent NOI to Underwritten NOI is primarily attributable to additional leasing
in late 2025 and 2026 (Maycomb, JEMB Realty Corp., Philo TV, OCA (as defined below), CorePower Yoga and Rubenstein Law) amounting to approximately
$4.1 million in base rent.

(5) The majority of the Principal Equity Contribution is derived from unsecured subordinate loans made as
described under "— *The Borrower and the Borrower Sponsors*" below.

(6) The prior mortgage loan secured by the 1 Willoughby Square Property (as defined below) in the original
principal amount of $235,000,000 was held by a construction lender, and the borrower negotiated a discounted payoff for $185,000,000 ($169,500,000
net of reserves held by the construction lender). The overall building was delivered in 2021, at the peak of the COVID-19 pandemic. In
addition, prior to origination there existed two mezzanine loans totaling $96,500,000 from EB-5 lenders secured by equity interests in
the borrower. With respect to the senior mezzanine loan, the borrower obtained a discounted payoff pursuant to which the related mezzanine
lender ("  **<u>Senior EB-5 Lender</u>**") released the related mezzanine collateral in exchange for (i) a $10,000,000 payment
made at loan origination of the 1 Willoughby Square Mortgage Loan (bringing total debt repayment to $179,500,000) and (ii) a note from
JEMB Member (as defined below) in the amount of $10,000,000 payable from excess cash flow distributable to JEMB Member with the first
$5,000,000 of excess cash flow payable to the Senior EB-5 Lender and the next $10,000,000 of excess cash flow split *pari passu* between the Senior EB-5 Lender and JEMB Member until each receives $5,000,000. Joseph Jerome and Morris Bailey also provided the Senior
EB-5 Lender with a recourse carve-out guaranty. With respect to the junior mezzanine loan, the related mezzanine lender released the related
mezzanine collateral in exchange for a lien on unrelated property and a payment of $10,000,000 that is required to be made within 12 months
of origination of the 1 Willoughby Square Whole Loan. See "*Description of the Mortgage Pool—Mortgage Pool Characteristics—Loan Purpose; Default History, Bankruptcy Issues and Other Proceedings*" in the Preliminary Prospectus.

**The Loan.** The tenth largest mortgage loan (the "**<u>1 Willoughby Square Mortgage Loan</u>**") is part of a whole loan (the "**<u>1 Willoughby Square Whole Loan</u>**") which is comprised of three *pari passu* promissory notes with an aggregate outstanding principal balance as of the Cut-off Date of $125,000,000. The 1 Willoughby Square Whole Loan is secured by the borrower's fee simple interest in a 280,348 SF condominium unit in an urban office building located in Brooklyn, New York (the "**<u>1 Willoughby Square Property</u>**"). The 1 Willoughby Square Whole Loan was originated on December 15, 2025 by German American Capital Corporation. The 1 Willoughby Square Mortgage

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 81 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

---

Loan is evidenced by the non-controlling Note A-3 with an outstanding principal balance as of the Cut-off Date of $25,000,000. The scheduled maturity date of the 1 Willoughby Square Whole Loan is January 6, 2031.

The table below identifies the promissory notes that comprise the 1 Willoughby Square Whole Loan. The relationship between the holders of the 1 Willoughby Square Whole Loan is governed by a co-lender agreement as described under "*Description of the Mortgage Pool—The Whole Loans—The Outside Serviced Pari Passu Whole Loans*" in the Preliminary Prospectus. The 1 Willoughby Square Whole Loan will be serviced pursuant to the pooling and servicing agreement for the Benchmark 2026-V20 securitization trust. See "*The Pooling and Servicing Agreement—Servicing of the Outside Serviced Mortgage Loans*" in the Preliminary Prospectus.

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** | &nbsp;&nbsp;**Whole Loan Summary** |
| &nbsp;&nbsp;**Note** | &nbsp;&nbsp;**Original Balance** | &nbsp;&nbsp;**Cut-off Date Balance** | &nbsp;&nbsp;**Note Holder** | &nbsp;&nbsp;**Controlling Piece** |
| &nbsp;&nbsp;A-1 | &nbsp;&nbsp;$75000000 | &nbsp;&nbsp;$75000000 | &nbsp;&nbsp;Benchmark 2026-V20 | &nbsp;&nbsp;Yes |
| &nbsp;&nbsp;A-2 | &nbsp;&nbsp;$25000000 | &nbsp;&nbsp;$25000000 | &nbsp;&nbsp;BMO 2026-5C14 | &nbsp;&nbsp;No |
| &nbsp;&nbsp;**A-3** | &nbsp;&nbsp;**$25000000** | &nbsp;&nbsp;**$25000000** | &nbsp;&nbsp;**Benchmark 2026-V22** | &nbsp;&nbsp;**No** |
| **Total** | &nbsp;&nbsp;**$125000000** | &nbsp;&nbsp;**$125000000** |  |  |

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***The Property.*** The 1 Willoughby Square Property is a 280,348 SF condominium unit consisting of the ground floor to floor 21 of a 392,567 SF 35-story, Class A, LEED Platinum urban office building located in the Downtown Brooklyn submarket of New York City (the "**<u>1 WSQ Building</u>**"). The 1 WSQ Building was constructed in 2021 and features column-free, 14,500 SF floor plates with 14-16-foot slab heights. The 1 WSQ Building is the tallest office tower in Brooklyn and the area's first ground-up office tower delivered in a generation. In connection with the origination of the 1 Willoughby Square Whole Loan, the borrower sponsors created a condominium structure, bifurcating the 1 WSQ Building into two units ("**<u>Unit 1</u>**", which constitutes the 1 Willoughby Square Property) and ("**<u>Unit 2</u>**", which constitutes the remainder of the 1 WSQ Building). As of December 15, 2025, the 1 Willoughby Square Property is 95.0% leased with a 14.6-year WALT remaining, to a mix of tenants including government agencies on long-term leases, architectural firms, family offices, and nonprofit organizations with 45.6% of underwritten base rent generated by investment grade tenants. Unit 2 of the 1 WSQ Building has one tenant (6,012 SF) as of the origination date. The 1 Willoughby Square Property amenities include a coffee bar, conferencing facilities, and a tenant lounge, all overlooking the Willoughby Square Park and offering 360-degree views from New York Harbor to Prospect Park. In addition, the 1 Willoughby Square Property features private outdoor spaces on multiple floors, a 250-space bicycle parking area and advanced air filtration. The 1 Willoughby Square Property is a short walk from multiple subway lines, as well as the Long Island Railroad at Atlantic Terminal, providing access to Manhattan and beyond.

Additionally, the combined 1 WSQ Building benefits from a long-term real estate tax abatement program, Industrial & Commercial Abatement Program (**"<u>ICAP</u>"**), which has a 25-year term with 22 years remaining as of July 1, 2026, and is expected to provide for an abatement of $3,962,748 for the first 16 years, which started July 1, 2023, with 10% step downs for the following 9 years, though estimated benefits may be reduced if the assessment or tax rate declines from those in the first year of the benefit program and are subject to the terms of the ICAP program. The continuation of the benefits at these amounts assumes continued compliance with the ICAP requirements, including the owners' filing of a biennial statement of continuing use, and continued use of the building as commercial office with no more than ten percent of the floor area used for retail purposes as defined for ICAP purposes. No formal filing is required to transfer the ICAP benefit from the pre-existing single tax lot to the new condominium tax lots. Borrower's ICAP counsel is expected to take informal administrative action, if necessary, to have the ICAP benefits transferred pro rata to the new tax lots when the separate tax bills are issued.

A portion of the 1 Willoughby Square Property was deeded by the City of New York and the New York City Economic Development Authority, and is subject to agreements with such entities. A breach of the representations and covenants in such agreements may trigger a reversion of such portion of the 1 Willoughby Square Property to such entities without compensation. See "*Description of the Mortgage Pool—Mortgage Pool Characteristics—Use Restrictions*" in the Preliminary Prospectus.

***Top Tenants.*** The three largest tenants based on underwritten base rent are Board of Education, FX FOWLE and The City of New York.

*Board of Education (86,160 SF, 30.7% of net rentable area, 31.6% of UW base rent, Aa2/AA/AA (Moody's / S&P / Fitch))*. The New York City Board of Education operates the Albee Square Montessori Public School at the 1 Willoughby Square Property. The school spans 86,160 SF and features 14 classrooms, two special education rooms, a gymnasium-cafetorium, cafeteria, rooftop play area, and a dedicated entrance. The school opened in September 2024 as New York City's first public (Montessori-inspired) school, serving Pre-Kindergarten and Kindergarten initially, with plans to expand annually up to Grade 5. The tenant has a 15-year renewal option through October 2065. The tenant also has the right to terminate its lease at the end of the 15th year of the lease term (November 2035) and again at the end of the 20th year of the lease term (November 2040) and the 25th year of the lease term (November 2045). Additionally, the tenant spent $20.25 million of its own capital for the fit out of its space, inclusive of a gymnasium, auditorium, outdoor play facility, classrooms, and lobby.

 

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| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 82 |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

---

*FX FOWLE (40,302 SF, 14.4% of net rentable area, 14.5% of UW base rent)*. FX FOWLE is the former name of the New York-based architecture, planning, and interior design firm now known as FX Collaborative. The firm was originally founded in 1978 by Bob Fox and Bruce Fowle as Fox & Fowle Architects. FX Collaborative designs buildings and spaces for numerous types of properties in New York City and worldwide, including: office towers and corporate headquarters (including the 1 WSQ Building), cultural institutions (Statue of Liberty Museum), educational buildings (Columbia Business School / Albee Square Montessori), residential developments (The Greenwich Lane in Manhattan), and transportation and civic projects (Javits Center renovation). The tenant has a 5-year renewal option through February 2042 and no termination options. Additionally, the tenant spent $3.4 million of its own capital for the fit out of its space inclusive of built in cabinetry, custom light fixtures, and finishes. FX FOWLE has free rent totaling $384,676 in specified months in 2032.

*The City of New York Office of Court Admin (27,304 SF, 9.7% of net rentable area, 8.6% of UW base rent, Aa2/AA/AA (Moody's / S&P / Fitch))*. The New York State Office of Court Administration ("**<u>OCA</u>**<u>"</u>) serves as the administrative arm of the Unified Court System, overseeing and supporting the operation of all state courts, including those in New York City. The OCA functions under the direction of the Chief Administrative Judge, who is appointed by the Chief Judge of the Court of Appeals of the State of New York and oversees statewide court administration and policy. OCA support extends across trial courts, family courts, surrogates' courts, and others, ensuring consistency in court operations. In the context of New York City's court system, the Deputy Chief Administrative Judge for New York City Courts (a role within OCA) oversees local court operations and resource distribution, working alongside individual court administrators across the city's five Judicial Districts. The tenant has two 5-year renewal options through November 2051 and 2056. The tenant also has the right to terminate its lease in February 2039 and February 2042, provided written notice is given one year in advance. The OCA has free rent totaling $1,616,954.67 from December 2025 through February 2027.

The following table presents certain information relating to the top tenants at the 1 Willoughby Square Property based on underwritten base rent:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** | &nbsp;&nbsp;**Tenant Summary<sup>(1)</sup>** |
| &nbsp;&nbsp; <br>**Tenant** | &nbsp;&nbsp;**Credit Rating (Moody's / S&P / Fitch)<sup>(2)</sup>** | &nbsp;&nbsp; <br> **Net Rentable Area (SF)** | &nbsp;&nbsp; <br>**% of NRSF** | &nbsp;&nbsp; <br>**U/W Base Rent** | &nbsp;&nbsp; <br> **U/W Base Rent Per SF<sup>(3)</sup>** | &nbsp;&nbsp;**% Annual U/W Base Rent** | &nbsp;&nbsp; <br>**Lease Expiration** | &nbsp;&nbsp; <br>**Renewal Option (Y/N)** |
| &nbsp;&nbsp;**Major Tenants-Office** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Board of Education | &nbsp;&nbsp;Aa2/AA/AA | &nbsp;&nbsp;86160 | &nbsp;&nbsp;30.7% | &nbsp;&nbsp;$5026500 | &nbsp;&nbsp;$58.34 | &nbsp;&nbsp;31.6% | &nbsp;&nbsp;10/31/2050 | &nbsp;&nbsp;1 x 15 &nbsp;&nbsp;Y<sup>(4)</sup> |
| &nbsp;&nbsp;FX FOWLE | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;40302 | &nbsp;&nbsp;14.4% | &nbsp;&nbsp;$2308062 | &nbsp;&nbsp;$57.27 | &nbsp;&nbsp;14.5% | &nbsp;&nbsp;2/28/2037 | &nbsp;&nbsp;1 x 5 &nbsp;&nbsp;N |
| &nbsp;&nbsp;The City of New York Office of<br> Court Admin (OCA) | &nbsp;&nbsp;Aa2/AA/AA | &nbsp;&nbsp;27304 | &nbsp;&nbsp;9.7% | &nbsp;&nbsp;$1365200 | &nbsp;&nbsp;$50.00 | &nbsp;&nbsp;8.6% | &nbsp;&nbsp;11/30/2046 | &nbsp;&nbsp;2 x 5 &nbsp;&nbsp;Y<sup>(5)</sup> |
| &nbsp;&nbsp;City Block | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;14507 | &nbsp;&nbsp;5.2% | &nbsp;&nbsp;$942955 | &nbsp;&nbsp;$65.00 | &nbsp;&nbsp;5.9% | &nbsp;&nbsp;4/30/2028 | &nbsp;&nbsp;1 x 3 &nbsp;&nbsp;N |
| &nbsp;&nbsp;JEMB Realty Corp.<sup>(6)</sup> | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;14508 | &nbsp;&nbsp;5.2% | &nbsp;&nbsp;$870480 | &nbsp;&nbsp;$60.00 | &nbsp;&nbsp;5.5% | &nbsp;&nbsp;6/30/2031 | &nbsp;&nbsp;1 x 5 &nbsp;&nbsp;N |
| &nbsp;&nbsp;MSFoundation | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;14500 | &nbsp;&nbsp;5.2% | &nbsp;&nbsp;$870000 | &nbsp;&nbsp;$60.00 | &nbsp;&nbsp;5.5% | &nbsp;&nbsp;2/28/2039 | &nbsp;&nbsp;2 x 5 &nbsp;&nbsp;N |
| &nbsp;&nbsp;IRS<sup>(7)</sup> | &nbsp;&nbsp;Aa1/AA+/AA+ | &nbsp;&nbsp;14308 | &nbsp;&nbsp;5.1% | &nbsp;&nbsp;$851755 | &nbsp;&nbsp;$59.53 | &nbsp;&nbsp;5.4% | &nbsp;&nbsp;7/23/2033 | &nbsp;&nbsp;None &nbsp;&nbsp;Y<sup>(8)</sup> |
| &nbsp;&nbsp;ARO | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;9860 | &nbsp;&nbsp;3.5% | &nbsp;&nbsp;$591600 | &nbsp;&nbsp;$60.00 | &nbsp;&nbsp;3.7% | &nbsp;&nbsp;8/31/2033 | &nbsp;&nbsp;1 x 5 &nbsp;&nbsp;N |
| &nbsp;&nbsp;Propel | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;9883 | &nbsp;&nbsp;3.5% | &nbsp;&nbsp;$591596 | &nbsp;&nbsp;$59.86 | &nbsp;&nbsp;3.7% | &nbsp;&nbsp;6/30/2028 | &nbsp;&nbsp;1 x 5 &nbsp;&nbsp;N |
| &nbsp;&nbsp;Rubenstein Law | &nbsp;&nbsp;NR/NR/NR | &nbsp;&nbsp;8919 | &nbsp;&nbsp;3.2% | &nbsp;&nbsp;$579735 | &nbsp;&nbsp;$65.00 | &nbsp;&nbsp;3.7% | &nbsp;&nbsp;11/30/2031 | &nbsp;&nbsp;1 x 3 &nbsp;&nbsp;N |
| &nbsp;&nbsp;**Top 10 Tenants** |  | &nbsp;&nbsp;**240251** | &nbsp;&nbsp;**85.7%** | &nbsp;&nbsp;**$13997883** | &nbsp;&nbsp;**$58.26** | &nbsp;&nbsp;**88.1%** |  |  |
| &nbsp;&nbsp;Other Tenants |  | &nbsp;&nbsp;26213 | &nbsp;&nbsp;9.4% | &nbsp;&nbsp;$1884839 | &nbsp;&nbsp;$71.90 | &nbsp;&nbsp;11.9% |  |  |
| &nbsp;&nbsp;**Total Occupied** |  | &nbsp;&nbsp;**266464** | &nbsp;&nbsp;**95.0%** | &nbsp;&nbsp;**$15882722** | &nbsp;&nbsp;**$59.61** | &nbsp;&nbsp;**100.0%** |  |  |
| &nbsp;&nbsp;Vacant |  | &nbsp;&nbsp;13884 | &nbsp;&nbsp;5.0% |  |  |  |  |  |
| &nbsp;&nbsp;**Total** |  | &nbsp;&nbsp;**280348** | &nbsp;&nbsp;**100.0%** |  |  |  |  |  |

---

(1) Based on the underwritten rent roll dated December 15, 2025.

(2) Certain ratings are those of the parent company or government entity, whether or not the parent company
or government entity guarantees the lease.

(3) The following tenants have free or gap rent periods; (i) FX FOWLE has free rent totaling $384,676 in specified
months in 2032, (ii) OCA has free rent totaling $1,616,954.67 from December 2025 through February 2027, (iii) City Block has free rent
totaling $235,738.74 from April through June 2026, (iv) JEMB Realty Corp. has gap rent totaling $479,700 from December 2025 through June
2026, (v) MS Foundation has free rent totaling $362,500 in March of 2026, 2028, 2030, 2032 and 2034, (vi) ARO has free rent totaling $64,938.20
from December 2025 through August 2026, and (vii) Rubenstein Law has free rent totaling $241,556.25 from July 2026 through November 2026
and gap rent totaling $187,219.56 from December 2025 through June 2026. Rubenstein Law is currently occupying temporary space on the 19th
floor. It is anticipated Rubenstein Law's suite will be move-in ready or around July 2026 at which point JEMB Realty Corp is expected
to take occupancy of the 19th floor suite.

(4) The Board of Education has the right to terminate its lease at the end of the 15th year of the lease term
(November 2035) and again at the end of the 20th year of the lease term (November 2040) and the 25<sup>th</sup> year of the lease term
(November 2045).

(5) The City of New York Office of Court Admin has the right to terminate its lease on the twelfth anniversary
(February 1, 2039) of the rent commencement date and the fifteenth anniversary of the rent commencement date (February 1, 2042) provided
written notice is given one year in advance.

(6) JEMB Realty Corp is an affiliate of the borrower. JEMB Realty Corp. is not yet in occupancy as its space
is being used temporarily by Rubenstein Law while Rubenstein Law's leased space is built out, as described in footnote (3) above

(7) The lease to the IRS is expected to be assigned to the borrower after origination pursuant to a novation
agreement. Such assignment to the borrower is subject to governmental rules and regulations. In addition, The assignment of leases and
rents to the lender as applicable to the IRS lease is also subject to governmental rules and regulations. See "*Description of the Mortgage Pool—Mortgage Pool Characteristics—Property Types—Retail Properties*" in the Preliminary Prospectus.

(8) The IRS may terminate its lease at any time after July 2031.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 83 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

---

The following table presents certain information relating to the lease rollover schedule at the 1 Willoughby Square Property, based on the initial lease expiration dates:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** | &nbsp;&nbsp;**Lease Rollover Schedule<sup>(1)</sup>** |
| **Year Ending December 31** | **Expiring Owned GLA** | **% of Owned GLA** | **Cumulative % of Owned GLA** | **U/W Base Rent<sup>(1)</sup>** | **% of Total U/W Base Rent** | **U/W Base Rent $ per SF** | **# of Expiring Leases** |
| &nbsp;&nbsp;MTM & 2026 | &nbsp;&nbsp; 4601 | &nbsp;&nbsp;1.6% | &nbsp;&nbsp;1.6% | &nbsp;&nbsp; $310706 | &nbsp;&nbsp;2.0% | &nbsp;&nbsp;$67.53 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2027 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;1.6% | &nbsp;&nbsp; $0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;2028 | &nbsp;&nbsp; 24390 | &nbsp;&nbsp;8.7% | &nbsp;&nbsp;10.3% | &nbsp;&nbsp; $1534551 | &nbsp;&nbsp;9.7% | &nbsp;&nbsp;$62.92 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;2029 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;10.3% | &nbsp;&nbsp; $0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;2030 | &nbsp;&nbsp; 4317 | &nbsp;&nbsp;1.5% | &nbsp;&nbsp;11.9% | &nbsp;&nbsp; $280605 | &nbsp;&nbsp;1.8% | &nbsp;&nbsp;$65.00 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;2031 | &nbsp;&nbsp; 31469 | &nbsp;&nbsp;11.2% | &nbsp;&nbsp;23.1% | &nbsp;&nbsp; $1932735 | &nbsp;&nbsp;12.2% | &nbsp;&nbsp;$61.42 | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;2032 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;23.1% | &nbsp;&nbsp; $0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;2033 | &nbsp;&nbsp; 29656 | &nbsp;&nbsp;10.6% | &nbsp;&nbsp;33.7% | &nbsp;&nbsp; $1770824 | &nbsp;&nbsp;11.1% | &nbsp;&nbsp;$59.71 | &nbsp;&nbsp;3 |
| &nbsp;&nbsp;2034 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;33.7% | &nbsp;&nbsp; $0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;2035 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;33.7% | &nbsp;&nbsp; $0 | &nbsp;&nbsp;0.0% | &nbsp;&nbsp;$0.00 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;2036 & Thereafter | &nbsp;&nbsp;172031 | &nbsp;&nbsp;61.4% | &nbsp;&nbsp;95.0% | &nbsp;&nbsp; $10053301 | &nbsp;&nbsp;63.3% | &nbsp;&nbsp;$58.44 | &nbsp;&nbsp;5 |
| &nbsp;&nbsp;Vacant | &nbsp;&nbsp;13884 | &nbsp;&nbsp;5.0% | &nbsp;&nbsp;100.0% | &nbsp;&nbsp;NAP | &nbsp;&nbsp; NAP | &nbsp;&nbsp;NAP | &nbsp;&nbsp;NAP |
| &nbsp;&nbsp;**Total / Wtd. Avg.** | &nbsp;&nbsp;**280348** | &nbsp;&nbsp;**100.0%** |  | &nbsp;&nbsp;**$15882722** | &nbsp;&nbsp;**100.0%** | &nbsp;&nbsp;**$59.61** | &nbsp;&nbsp;**15** |

---

(1) Based on the underwritten rent roll as of December 15, 2025.

The following table presents certain information relating to the historical operating performance and Underwritten Net Cash Flow at the 1 Willoughby Square Property:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** | &nbsp;&nbsp;**Cash Flow Analysis** |
|  | &nbsp;&nbsp;**2021** | &nbsp;&nbsp;**2022** | &nbsp;&nbsp;**2023** | &nbsp;&nbsp;**2024** | &nbsp;&nbsp;**TTM 9/30/2025** | &nbsp;&nbsp;**UW<sup>(1)</sup>** | &nbsp;&nbsp;**UW PSF** |
| Base Rent | &nbsp;&nbsp;$6126849 | &nbsp;&nbsp;$6921102 | &nbsp;&nbsp;$10578833 | &nbsp;&nbsp;$11616238 | &nbsp;&nbsp;$11675340 | &nbsp;&nbsp;$15882722 | &nbsp;&nbsp;$56.65 |
| Rent Step | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;12951 | &nbsp;&nbsp;$0.05 |
| IG Rent Steps<sup>(2)</sup> | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;44555 | &nbsp;&nbsp;$0.16 |
| Potential Income from Vacant Space | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;1111500 | &nbsp;&nbsp;$3.96 |
| **Gross Potential Rent** | &nbsp;&nbsp;**$6126849** | &nbsp;&nbsp;**$6921102** | &nbsp;&nbsp;**$10578833** | &nbsp;&nbsp;**$11616238** | &nbsp;&nbsp;**$11675340** | &nbsp;&nbsp;**$17051728** | &nbsp;&nbsp;**$60.82** |
| Total Reimbursements | &nbsp;&nbsp;$55566 | &nbsp;&nbsp;$226 | &nbsp;&nbsp;$565478 | &nbsp;&nbsp;$594687 | &nbsp;&nbsp;$565135 | &nbsp;&nbsp;$729936 | &nbsp;&nbsp;$2.60 |
| **Net Rental Income** | &nbsp;&nbsp;**$6182416** | &nbsp;&nbsp;**$6921328** | &nbsp;&nbsp;**$11144312** | &nbsp;&nbsp;**$12210925** | &nbsp;&nbsp;**$12240475** | &nbsp;&nbsp;**$17781664** | &nbsp;&nbsp;**$63.43** |
| Other Income<sup>(3)</sup> | &nbsp;&nbsp;$59386 | &nbsp;&nbsp;$54146 | &nbsp;&nbsp;$114288 | &nbsp;&nbsp;$168376 | &nbsp;&nbsp;$229617 | &nbsp;&nbsp;$368334 | &nbsp;&nbsp;$1.31 |
| (Vacancy & Credit Loss) | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;(1111500) | &nbsp;&nbsp;($3.96) |
| **Effective Gross Income** | &nbsp;&nbsp;**$6241802** | &nbsp;&nbsp;**$6975474** | &nbsp;&nbsp;**$11258599** | &nbsp;&nbsp;**$12379301** | &nbsp;&nbsp;**$12470092** | &nbsp;&nbsp;**$17038498** | &nbsp;&nbsp;**$60.78** |
| Real Estate Taxes<sup>(4)</sup> | &nbsp;&nbsp;$63879 | &nbsp;&nbsp;$1233282 | &nbsp;&nbsp;$1395371 | &nbsp;&nbsp;$336446 | &nbsp;&nbsp;$256515 | &nbsp;&nbsp;$269061 | &nbsp;&nbsp;$0.96 |
| Insurance | &nbsp;&nbsp;232827 | &nbsp;&nbsp;283489 | &nbsp;&nbsp;374259 | &nbsp;&nbsp;381193 | &nbsp;&nbsp;382377 | &nbsp;&nbsp;395972 | &nbsp;&nbsp;$1.41 |
| Management Fee | &nbsp;&nbsp;136317 | &nbsp;&nbsp;237782 | &nbsp;&nbsp;269769 | &nbsp;&nbsp;357304 | &nbsp;&nbsp;366288 | &nbsp;&nbsp;511155 | &nbsp;&nbsp;$1.82 |
| Other Expenses | &nbsp;&nbsp;1393819 | &nbsp;&nbsp;2392297 | &nbsp;&nbsp;2208773 | &nbsp;&nbsp;2532350 | &nbsp;&nbsp;2588848 | &nbsp;&nbsp;2674660 | &nbsp;&nbsp;$9.54 |
| **Total Expenses** | &nbsp;&nbsp;**$1826842** | &nbsp;&nbsp;**$4146851** | &nbsp;&nbsp;**$4248173** | &nbsp;&nbsp;**$3607293** | &nbsp;&nbsp;**$3594028** | &nbsp;&nbsp;**$3850848** | &nbsp;&nbsp;**$13.74** |
| **Net Operating Income** | &nbsp;&nbsp;**$4414961** | &nbsp;&nbsp;**$2828623** | &nbsp;&nbsp;**$7010426** | &nbsp;&nbsp;**$8772008** | &nbsp;&nbsp;**$8876065<sup>(5)</sup>** | &nbsp;&nbsp;**$13187650<sup>(5)</sup>** | &nbsp;&nbsp;**$47.04** |
| Replacement Reserves | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$0 | &nbsp;&nbsp;$56070 | &nbsp;&nbsp;$0.20 |
| TI/LC | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 | &nbsp;&nbsp;420522 | &nbsp;&nbsp;$1.50 |
| **Net Cash Flow** | &nbsp;&nbsp;**$4414961** | &nbsp;&nbsp;**$2828623** | &nbsp;&nbsp;**$7010426** | &nbsp;&nbsp;**$8772008** | &nbsp;&nbsp;**$8876065** | &nbsp;&nbsp;**$12711058** | &nbsp;&nbsp;**$45.34** |
| **Occupancy %** | &nbsp;&nbsp;**44.7%** | &nbsp;&nbsp;**70.9%** | &nbsp;&nbsp;**82.7%** | &nbsp;&nbsp;**87.1%** | &nbsp;&nbsp;**95.0%<sup>(1)</sup>** | &nbsp;&nbsp;**93.0%** |  |
| **NCF DSCR** | &nbsp;&nbsp;**0.51x** | &nbsp;&nbsp;**0.33x** | &nbsp;&nbsp;**0.82x** | &nbsp;&nbsp;**1.02x** | &nbsp;&nbsp;**1.03x** | &nbsp;&nbsp;**1.48x** |  |
| **NOI Debt Yield** | &nbsp;&nbsp;**3.5%** | &nbsp;&nbsp;**2.3%** | &nbsp;&nbsp;**5.6%** | &nbsp;&nbsp;**7.0%** | &nbsp;&nbsp;**7.1%** | &nbsp;&nbsp;**10.6%** |  |

---

(1) Based on the underwritten rent roll dated December 15, 2025.

(2) The IG rent steps are associated with the Board of Education, OCA and IRS tenants.

(3) Other income is made up of customer service revenue, service contract revenue, FX
FOWLE TI reimbursements and miscellaneous income.

(4) Real Estate Taxes were underwritten based on the average abated taxes during the
loan term after giving effect to the ICAP abatement.

(5) The increase from TTM 9/30/2025 Base Rent and Net Operating Income to UW Base Rent
and UW Net Operating Income is primarily attributable to additional leasing in late 2025 and 2026 (Maycomb, JEMB Realty Corp, Philo TV,
OCA, CorePower Yoga and Rubenstein Law) amounting to approximately $4.1 million in base rent.

---

| |
|:---|
| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
| 84 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

---

**Appraisal.** According to the appraisal, the 1 Willoughby Square Property had an "as-is" appraised value of $190,800,000, as of September 2, 2025.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**1 Willoughby Square Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**1 Willoughby Square Appraised Value<sup>(1)</sup>** | &nbsp;&nbsp;**1 Willoughby Square Appraised Value<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**Capitalization Rate** |
| &nbsp;&nbsp;1 Willoughby Square | &nbsp;&nbsp;$190800000 | &nbsp;&nbsp;6.25% |

---

(1) Source: Appraisal.

**Environmental Matters.** According to the Phase I environmental site assessment report dated September 5, 2025, there was no evidence of any recognized environmental conditions at the 1 Willoughby Square Property.

**The Market.** The 1 Willoughby Square Property is located at 235 Duffield Street in Downtown Brooklyn, New York, within Kings County, a dense and transit-rich commercial district that has experienced redevelopment and growing residential demand. The 1 Willoughby Square Property is situated within a mixed urban environment that includes high-rise office buildings, major residential towers and a broad mix of national and local tenants, including big-box retailers, as well as educational and governmental institutions such as the NYC College of Technology, Long Island University, Brooklyn Law School, and multiple court and municipal buildings. The 1 Willoughby Square Property also benefits from adjacency to Abolitionist Place Public Park, which enhances visibility and pedestrian activity. Regional access is strong, with nearly all major subway lines and the Long Island Railroad located within walking distance, providing connectivity to Manhattan and the broader metropolitan region.

According to the appraisal, the 1 Willoughby Square Property is located within the Kings County office market and the Downtown Brooklyn office and retail submarkets. As of the third quarter of 2025, the Kings County office vacancy rate was 15.3%, compared with a 10-year historical average of 10.0%, while the Downtown Brooklyn submarket exhibited a higher vacancy rate of 20.8%, reflecting ongoing softness in office demand. Asking rents within Kings County averaged $42.74 per SF, and Downtown Brooklyn office rents averaged $41.84 per SF, supported primarily by newer Class A inventory. In contrast, retail space in Kings County remained comparatively healthy, with a 3.7% vacancy rate and average asking rents of $54.75 per SF as of the third quarter of 2025. The Downtown Brooklyn retail submarket reported a higher vacancy rate of 8.4%, though its average asking rents of $84.19 per SF remain among the strongest in the borough due to dense residential and daytime populations.

The table below presents certain information relating to office leases comparable to those at the 1 Willoughby Square Property identified by the appraisal:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Comparable Office Leases<sup>(1)</sup>** | **Comparable Office Leases<sup>(1)</sup>** | **Comparable Office Leases<sup>(1)</sup>** | **Comparable Office Leases<sup>(1)</sup>** | **Comparable Office Leases<sup>(1)</sup>** | **Comparable Office Leases<sup>(1)</sup>** | **Comparable Office Leases<sup>(1)</sup>** | **Comparable Office Leases<sup>(1)</sup>** |
| &nbsp;&nbsp;**Property Name/Location** | &nbsp;&nbsp;**Year Built/ Renovated** | &nbsp;&nbsp;**Total GLA (SF)** | &nbsp;&nbsp;**Tenant** | &nbsp;&nbsp;**Tenant Size (SF)** | &nbsp;&nbsp;**Lease Start Date** | &nbsp;&nbsp;**Lease Term (years)** | &nbsp;&nbsp;**Annual Rent PSF** |
| &nbsp;&nbsp;**1 Willoughby Square<sup>(2)</sup><br> Brooklyn, NY** | &nbsp;&nbsp;**2021 / NAP** | &nbsp;&nbsp;**280348** | &nbsp;&nbsp;**Board of Education** | &nbsp;&nbsp;**86160** | &nbsp;&nbsp;**Nov-20** | &nbsp;&nbsp;**30.0** | &nbsp;&nbsp;**$58.34** |
| &nbsp;&nbsp;25 Kent Avenue<br> Brooklyn, NY | &nbsp;&nbsp;2017 / NAP | &nbsp;&nbsp;511161 | &nbsp;&nbsp;Queen One | &nbsp;&nbsp;29718 | &nbsp;&nbsp;Jun-25 | &nbsp;&nbsp;11.2 | &nbsp;&nbsp;$73.00 |
| &nbsp;&nbsp;10 Jay Street<br> Brooklyn, NY | &nbsp;&nbsp;1898 / 2024 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;Mischief | &nbsp;&nbsp;23621 | &nbsp;&nbsp;Feb-25 | &nbsp;&nbsp;7.9 | &nbsp;&nbsp;$62.00 |
| &nbsp;&nbsp;One Pierrepont Plaza <br> Brooklyn, NY | &nbsp;&nbsp;1987 / 2009 | &nbsp;&nbsp;725991 | &nbsp;&nbsp;The Corcoran Group | &nbsp;&nbsp;12807 | &nbsp;&nbsp;Feb-24 | &nbsp;&nbsp;11.2 | &nbsp;&nbsp;$55.00 |
| &nbsp;&nbsp;The Paxton<br> Brooklyn, NY | &nbsp;&nbsp;2023 / NAP | &nbsp;&nbsp;333000 | &nbsp;&nbsp;NYC Department of Health | &nbsp;&nbsp;17708 | &nbsp;&nbsp;Dec-23 | &nbsp;&nbsp;21.0 | &nbsp;&nbsp;$48.80 |
| &nbsp;&nbsp;One Pierrepont Plaza<br> Brooklyn, NY | &nbsp;&nbsp;1987 / 2009 | &nbsp;&nbsp;725991 | &nbsp;&nbsp;Institute of Family Health | &nbsp;&nbsp;23987 | &nbsp;&nbsp;Jul-23 | &nbsp;&nbsp;16.0 | &nbsp;&nbsp;$58.00 |

---

(1) Source: Appraisal unless otherwise noted.

(2) Based on underwritten rent roll as of December 15, 2025.

**The Borrower and the Borrower Sponsors.** The borrower is 1 Willoughby Square Property Owner LLC, a Delaware limited liability company and single purpose entity with two independent directors. Legal counsel to the borrower delivered a non-consolidation opinion in connection with the origination of the 1 Willoughby Square Whole Loan.

The borrower sponsors are Joseph Jerome, Morris Jerome, Jacob Jerome, Louis Jerome, Adnane Mousannif, Edmond Safra, Morris Sabagh and Abraham Kassin and the non-recourse carveout guarantor is Joseph Jerome. Joseph Jerome founded JEMB Realty Corporation ("**<u>JEMB</u>**") with his partner Morris Bailey in 1990. JEMB is a three-generation, family-run, real estate development, investment and management firm based in New York City. JEMB owns and manages a portfolio of over 6.5 million square feet – comprising office towers, shopping centers, and residential complexes across North America, specifically concentrated in the Greater New York region,

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| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
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| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

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Pennsylvania and Montreal, Canada. JEMB's notable properties include: 75 Broad, Herald Towers, 150 Broadway, and 1 Willoughby Square in New York City, plus Resorts Casino Hotel (Atlantic City) and Wyndham Grand Clearwater Beach Hotel (Florida).

In connection with the origination of the 1 Willoughby Square Whole Loan, the joint venture which indirectly controls the borrower (the "**<u>Albee JV</u>**") brought in two new 0% common equity members (i) E 1WSQ LLC (the "**<u>AVRS Special Member</u>**") which contributed a nominal amount of capital to the Albee JV and which is owned in part indirectly by Edmond Safra and (ii) 1 WSQ KSR 2 LLC (the "**<u>KSR Special Member</u>**") which contributed a nominal amount of capital and which is controlled by Morris Sabbagh and Abraham Kassin. The co-managers of the joint venture that controls the borrower are (i) Albee JV Holdco LLC (the "**<u>JEMB Member</u>**") which is controlled by Joseph Jerome and certain of his family members, (ii) Averroes Partners LP, which is owned and controlled by Adnane Mousannif and Edmond Safra, and (iii) KSR WSQ Manager LLC, which is owned and controlled by Morris Sabbagh and Abraham Kassin. Initially, JEMB Member owns 100% of the common equity in the Albee JV. In addition, $65,000,000 of unsecured loans, all of which are convertible into preferred equity were made to the Albee JV, all of which (other than $1,000,000 from a JEMB Member affiliate) were made by affiliates of the new common equity members. It is anticipated that upon repayment and/or conversion of such unsecured loans, and the return of all of the capital contributed by affiliates of the JEMB Member, each of AVRS Special Member and KSR Special Member (i.e. the new common equity members) will be entitled to 24.50% of distributions from the Albee JV, with JEMB Member and/or its affiliates entitled to the remainder.

**Property Management.** The 1 Willoughby Square Property is currently managed by LMJ Realty Management LLC, a borrower sponsor affiliated management company.

**Initial and Ongoing Reserves.** At origination, the borrower deposited into escrow approximately $4,566,619 for outstanding tenant improvements and/or leasing commissions, approximately $4,793,870 for free rent and gap rent for eleven tenants, including the top five tenants FX FOWLE and New York City Office of Court Administration, and approximately $30,691 for real estate taxes.

*Tax Escrows* – During a Trigger Period (as defined below), the borrower is required to deposit into a real estate tax reserve, on a monthly basis, an amount equal to 1/12th of the real estate taxes that the lender estimates will be payable during the next ensuing twelve months (initially, $30,691 but after the 1 Willoughby Square Property is assessed as a separate tax lot, this figure will be based only upon the taxes attributable to the 1 Willoughby Square Property and not Unit 2).

*Insurance Escrows* – During a Trigger Period, the borrower is required to deposit into an insurance reserve, on a monthly basis, an amount equal to 1/12th of the insurance premiums that the lender reasonably estimates will be payable for the renewal of the coverage afforded by the policies upon the expiration thereof.

*Replacement Reserves* – During a Trigger Period, the borrower is required to deposit approximately $4,672, on a monthly basis, into a replacement reserve.

*TI/LC Reserve* – During a Trigger Period, the borrower is required to deposit approximately $35,044, on a monthly basis, into a reserve for future tenant improvements and leasing commissions.

*Common Charges Reserve* – During a Trigger Period, the borrower is required to deposit an amount equal to the monthly amount set forth in the approved annual budget for common charges into a reserve for such common charges.

***Lockbox / Cash Management.*** The 1 Willoughby Square Whole Loan is structured with a hard lockbox and springing cash management. The borrower and property manager, as applicable, are required to direct the tenants to pay rent directly into the lockbox account, and to deposit any rents otherwise received into such account within two business days after receipt. So long as no Trigger Period is continuing, the amounts on deposit in the lockbox account will be swept to the borrower's operating account. During the continuance of a Trigger Period, transfers to the borrower's operating account are required to cease and such sums on deposit in the lockbox account are required to be transferred on a daily basis to a cash management account controlled by the lender, at a financial institution selected by the lender (and the borrower is required to cooperate with the lender and the cash management bank in the establishment of such account). Funds swept to the cash management account are required to be applied to payment of all monthly amounts due under the 1 Willoughby Square Whole Loan documents (including, without limitation, taxes and insurance, debt service and other required reserves) and approved property operating expenses and extraordinary expenses, with any excess funds being deposited into a lease sweep reserve if a Lease Sweep Event (as defined below) is continuing or if a Lease Sweep Event is not then continuing, being held by lender as additional collateral for the 1 Willoughby Square Whole Loan (provided that upon the occurrence of an event of default under the 1 Willoughby Square Whole Loan documents, all sums received from the 1 Willoughby Square Property and all funds reserved with the lender may be applied to amounts owed under any of the 1 Willoughby Square Whole Loan documents in such amounts, order and manner as the lender elects in its sole discretion).

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| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
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| &nbsp;&nbsp;Office – Urban<br> 235 Duffield Street<br> Brooklyn, NY 11201 | &nbsp;&nbsp;Collateral Asset Summary – Loan No. 10<br> **1 Willoughby Square** | &nbsp;&nbsp;**Cut-off Date Balance:**<br> **Cut-off Date LTV:**<br> **U/W NCF DSCR:**<br> **U/W NOI Debt Yield:** | &nbsp;&nbsp;$25,000,000<br> 65.5%<br> 1.48x<br> 10.6% |

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A "**<u>Trigger Period</u>**" means a period: (A) commencing upon the earliest of (i) the occurrence and continuance of an event of default, (ii) the debt service coverage ratio falling below 1.25x for any calendar quarter (a "**<u>Low DSCR Period</u>**"), (iii) certain bankruptcy or insolvency events of the borrower or the guarantor or (iv) a Lease Sweep Period, and (B) expiring upon, with regard to any Trigger Period commenced in connection with (w) clause (i) above, the cure (if applicable) of such event of default, (x) a Low DSCR Period, the 1 Willoughby Square Whole Loan achieving a debt service coverage ratio of 1.25x or greater for two consecutive calculation periods, (y) clause (iii) above, if the bankruptcy or insolvency event was involuntary, upon the same being discharged or dismissed within 60 days of filing or (z) clause (iv) above, the Lease Sweep Period ceasing to exist. In addition, a Low DSCR Period will expire upon the borrower delivering to the lender, as additional collateral, either immediately available funds or one or more letters of credit having an aggregate amount that if applied as a prepayment of the 1 Willoughby Square Whole Loan, would cause the debt service coverage ratio to equal or exceed 1.25x.

A "**<u>Lease Sweep Period</u>**" will commence upon (a) (i) the date that is twelve months prior to the expiration of a Sweep Lease (as defined below) or (ii) upon the date required under the Sweep Lease by which the Sweep Tenant (as defined below) is required to give notice of its exercise of a renewal option thereunder (and such renewal has not been so exercised); (b) upon the early termination, early cancellation or early surrender of a Sweep Lease (or any portion thereof of 20,000 rentable square feet or more) or upon the borrower's receipt of notice by a Sweep Tenant of its intent to effect an early termination, early cancellation or early surrender of its Sweep Lease (or any portion thereof of 20,000 rentable square feet or more); (c) if a Sweep Tenant has ceased operating its business at the 1 Willoughby Square Property (i.e., "goes dark") in 20,000 rentable square feet or more of its space at the 1 Willoughby Square Property excluding months when the school operated by the Sweep Tenant is not in session per its schedule; (d) upon a default under a Sweep Lease by a Sweep Tenant beyond any applicable notice and cure period, (e) upon a bankruptcy or insolvency proceeding of a Sweep Tenant or its parent or (f) upon a decline in the credit rating of the Sweep Tenant (or its parent entity) below "BBB+" or equivalent by any of the rating agencies.

A Lease Sweep Period will end (A) in the case of clauses (a), (b) or (c) above, when the entire space demised under the Sweep Lease (or applicable portion thereof) has been re-tenanted pursuant to one or more "qualified leases" as defined in the 1 Willoughby Square Whole Loan documents and, in the lender's judgment, sufficient funds have been accumulated in the lease sweep reserve to cover all anticipated tenant improvement and leasing commissions and free and/or abated rent in connection therewith (collectively, "**<u>Anticipated Leasing Expenses</u>**") (and any debt service and operating shortfalls relating to the delay in the commencement of full rent payments); (B) in the case of clause (a) above, when the Sweep Tenant irrevocably exercises its renewal or extension option, and in the lender's judgement, sufficient funds have been accumulated in the lease sweep reserve to cover all Anticipated Leasing Expenses; (C) in the case of clause (d) above, when the applicable default has been cured and no other default has occurred for a period of three consecutive months following such cure; (D), in the case of clause (e) above, when the applicable insolvency proceeding has terminated and the applicable Sweep Lease and any guaranty thereof have been affirmed or assumed by the applicable Sweep Tenant and any guarantor pursuant to a final, non-appealable order of the bankruptcy court, and in connection therewith all defaults under the Sweep Lease are cured and the Sweep Tenant is in occupancy of its premises and paying full, unabated rent; and (E) in the case of clause (f) above, if the credit rating of the Sweep Tenant has been restored to at least BBB+ or its equivalent.

A "**<u>Sweep Lease</u>**" means the lease to the Board of Education of the City School District of the City of New York and any replacement lease covering 20,000 or more SF of the space currently demised under such lease.

A "**<u>Sweep Tenant</u>**" means any tenant under a Sweep Lease.

***Current Mezzanine or Secured Subordinate Indebtedness.*** None.

***Permitted Future Mezzanine or Secured Subordinate Indebtedness.*** Not permitted.

***Release of Collateral.*** Not permitted.

***Condominium Structure*.** In connection with the origination of the 1 Willoughby Square Whole Loan, the borrower created a condominium structure, bifurcating the 1 WSQ Building into Unit 1 (the 1 Willoughby Square Property) and Unit 2 (the remainder of the 1 WSQ Building). The overall 1 WSQ Building is currently 58.1% occupied (Unit 1, the 1 Willoughby Square Property, is 95.0% occupied).

The Unit 1 owner has a 59% interest, and the Unit 2 owner has a 41% interest in the common elements. Unit 1 is the collateral for the 1 Willoughby Square Whole Loan. There are 5 members of the condominium board. The Unit 1 owner appoints 3 members, and the Unit 2 owner appoints 2 members. Each unit owner may remove its designated members of the board with or without cause at any time and each member may resign at any time. Decisions relating to the annual budget and any special assessments must be made by a majority of the board members (Unit 1 has a majority of such board seats). At origination, the borrower sponsor indirectly owned both condominium units, however, the borrower owns solely the 1 Willoughby Square Property, and Unit 2 is held in a separate special purpose entity and does not constitute collateral for the 1 Willoughby Square Whole Loan.

***Ground Lease.*** None.

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| The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") (SEC File No. 333-286596) for the offering to which this communication relates. Before you invest, you should read the prospectus in the 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 website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Drexel Hamilton, LLC or Bancroft Capital, LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146. |
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