# EDGAR Filing Document

**Accession Number:** 0001258361
**File Stem:** 0001539497-25-002543
**Filing Date:** 2025-9
**Character Count:** 69092
**Document Hash:** ec2cac4c7b8c17baeb22f4b3a7ab7ae1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-002543.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001539497-25-002543

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

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

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**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:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00521
- **FILM NUMBER:** 251360434

**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
**DEPOSITOR**: 

**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:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**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
**SECURITIZER**: 

**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:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00521

**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

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-l5G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G OF**

**THE SECURITIES EXCHANGE ACT OF 1934** 

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

___ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period_________ to __________

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

______________________________________________________________________

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

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [_]<br>Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [_]<br>Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [_]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>X</u> Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: 0001258361

PRM7 Commercial Mortgage Trust 2025-PRM7<br> (Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity: Not applicable

Central Index Key Number of underwriter: Not applicable

Richard Simpson, Citigroup Commercial Mortgage Securities Inc., (212) 816-5343<br> ______________________________________________________________________________________

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

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

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

See Independent Accountants' Agreed-Upon Procedures Report, dated September 30, 2025, which was obtained by the depositor, attached as Exhibit 99.1 to this Form ABS-15G.

**Item 2.02 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Underwriter.**

Not Applicable

**Exhibits.**

99.1 Independent Accountants' Agreed-Upon Procedures Report, dated September 30, 2025.

**SIGNATURES**

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

Date: September 30, 2025

Citigroup Commercial Mortgage Securities Inc.

(Depositor)

/s/ Richard Simpson

Name: Richard Simpson<br> Title: President

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXHIBIT INDEX**

Exhibit Number Description <br>Exhibit 99.1 Independent Accountants' Agreed-Upon Procedures Report, dated September 30, 2025.

## Exhibit 99.1

**Exhibit 99.1** 

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| | |
|:---|:---|
| **Ernst & Young LLP**<br>One Manhattan West<br>New York, NY 10001 | Tel: +1 212 773 3000<br>ey.com |

---

**Report of Independent Accountants on Applying Agreed-Upon Procedures**

Citigroup Commercial Mortgage Securities Inc. (the "Depositor")

Citi Real Estate Funding Inc.

Citigroup Global Markets Inc.

Goldman Sachs Mortgage Company

Goldman Sachs & Co. LLC

Goldman Sachs Bank USA

(collectively, the "Specified Parties")

---

| | |
|:---|:---|
| **Re:** | **PRM7 Commercial Mortgage Trust 2025-PRM7 (the "Issuing Entity")** |
|  | **Commercial Mortgage Pass-Through Certificates, Series 2025-PRM7 (the "Certificates")** |

---

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Specified Parties, for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to the Mortgage Loan (as defined herein) contained on the Data Files (as defined herein) (the "Subject Matter") relating to the Issuing Entity's securitization transaction as of 30 September 2025. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.

For the purpose of the procedures described in this report, the Depositor provided us with:

a. Certain electronic data files (the "Data Files") that are described in Attachment A,

b. Copies of various source documents (the "Source Documents"), which are listed on Exhibit 1 to Attachment A,

c. A list of characteristics on the Data Files (the "Compared Characteristics"), which are listed on Exhibit 2
to Attachment A, that the Depositor instructed us to compare to information contained in the Source Documents,

d. A list of characteristics on the Data Files (the "Recalculated Characteristics"), which are described in Attachment
A, that the Depositor instructed us to recalculate using information on the Data Files,

e. A list of characteristics on the Data Files (the "Provided Characteristics"), which are listed on Exhibit 3
to Attachment A, on which the Depositor instructed us to perform no procedures,

f. A draft of the preliminary offering circular for the Issuing Entity's securitization transaction (the "Draft Preliminary
Offering Circular") and

g. Instructions, assumptions and methodologies, which are described in Attachment A.

---

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|:---|:---|
| ![](eylogo2.jpg) | Page 2 of 3 |

---

The procedures included in Attachment A were limited to comparing or recalculating certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Data Files, Source Documents, Compared Characteristics, Recalculated Characteristics, Provided Characteristics, Draft Preliminary Offering Circular and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A with respect to the Data Files. We have not verified, and we make no representation as to, the appropriateness, accuracy, completeness or reasonableness of the Source Documents, Provided Characteristics, Draft Preliminary Offering Circular or any other information provided to us by the Depositor upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to: (a) the existence of the Mortgage Loan, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Depositor that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the "AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

The agreed-upon procedures described in this report were not performed for the purpose of:

a. Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a "rating agency")
or

b. Making any findings with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Whether the origination of the Mortgage Loan conformed to, or deviated from, stated underwriting or credit extension guidelines, standards,
criteria, or other requirements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The value of the collateral securing the Mortgage Loan,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Whether the originator(s) of the Mortgage Loan complied with federal, state or local laws or regulations or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Any other factor or characteristic of the Mortgage Loan that would be material to the likelihood that the issuer of the Certificates
will pay interest and principal in accordance with applicable terms and conditions.

---

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|:---|:---|
| ![](eylogo2.jpg) | Page 3 of 3 |

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We are required to be independent of the Depositor and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedures engagements are less restrictive than independence requirements for audit and other attestation services.

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

/s/ Ernst & Young LLP

30 September 2025

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 1 of 8 |

---

**<u>Background</u>**

For the purpose of the procedures described in this report, the Depositor indicated that:

a. The assets of the Issuing Entity will consist primarily of a fixed rate commercial mortgage loan (the "Mortgage Loan"),

b. The Mortgage Loan will be secured primarily by a portfolio of commercial properties (each, a "Property" and collectively,
the "Properties") and

c. The Mortgage Loan has a related fixed rate mezzanine loan (the "Mezzanine
Loan"), which will not be an asset of the Issuing Entity.

For the purpose of the procedures described in this report, the Mortgage Loan, together with the Mezzanine Loan, is hereinafter referred to as the "Total Debt associated with the Mortgage Loan" (or with respect to each Property, is hereinafter referred to as the "Total Debt associated with each Property").

**<u>Procedures performed and our associated findings</u>**

1. The Depositor provided us with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. An electronic data file (the "Preliminary Data File") that the Depositor indicated contains information relating
to the Mortgage Loan and Properties that is expected to be as of 9 October 2025 (the "Reference Date")
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Record layout and decode information relating to the information on the Preliminary Data File.

Using the information in the Source Documents, we compared the Compared Characteristics listed on Exhibit 2 to Attachment A, as shown on the Preliminary Data File, to the corresponding information in the Source Documents indicated on Exhibit 2 to Attachment A, subject to the instructions, assumptions and methodologies stated in the notes on Exhibit 2 to Attachment A. If more than one Source Document is listed for a Compared Characteristic, the Depositor instructed us to note agreement if the value on the Preliminary Data File for the Compared Characteristic agreed with the corresponding information in at least one of the Source Documents listed for such Compared Characteristic on Exhibit 2 to Attachment A (except as described in the notes on Exhibit 2 to Attachment A). We performed no procedures to reconcile any differences that may exist between various Source Documents for any of the Compared Characteristics listed on Exhibit 2 to Attachment A.

We performed certain procedures on earlier versions of the Data Files and communicated differences prior to being provided the Data Files which were subjected to the procedures as described herein.

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| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 2 of 8 |

---

2. As instructed by the Depositor, we adjusted the information on the Preliminary Data File to correct all the differences we noted in
performing the procedures described in the Item above and provided a list of such differences to the Depositor. The Preliminary Data File,
as so adjusted, is hereinafter referred to as the "Updated Data File."

3. Subsequent to the performance of the procedures described in the Items above, we received from the Depositor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. An electronic data file (the "Final Data File," which together with the Preliminary Data File comprise the Data Files)
that the Depositor indicated contains information relating to the Mortgage Loan and Properties as of the Reference Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Record layout and decode information relating to the information on the Final Data File.

Using information on the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Final Data File and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Updated Data File,

we compared each Compared Characteristic listed on Exhibit 2 to Attachment A, as shown on the Final Data File, to the corresponding information on the Updated Data File and found such information to be in agreement.

4. Using the "First Loan Payment Date," as shown on the Final Data File, we recalculated the "Seasoning"
of the Mortgage Loan and Mezzanine Loan as of the Reference Date. We compared this recalculated information to the corresponding information
on the Final Data File and found such information to be in agreement.

5. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. First Loan Payment Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Maturity Date,

as shown on the Final Data File, we recalculated the "Original Term to Maturity (Months)" of the Mortgage Loan and Mezzanine Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

6. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seasoning and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Original Term to Maturity (Months),

as shown on the Final Data File, we recalculated the "Remaining Term to Maturity (Months)" of the Mortgage Loan and Mezzanine Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 3 of 8 |

---

7. The applicable Source Document(s) indicate that the Mortgage Loan and Mezzanine Loan are interest-only for their entire terms. Based
on this information, the Depositor instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Use "0" for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Original amortization term of the Mortgage Loan and Mezzanine Loan (the "Original Amortization Term (Months)") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Remaining amortization term of the Mortgage Loan and Mezzanine Loan (the "Remaining Amortization Term (Months)"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Use the "Original Term to Maturity (Months)," as shown on the Final Data File, for the original interest-only period of
the Mortgage Loan and Mezzanine Loan (the "Original IO Term (Months)"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Use the "Remaining Term to Maturity (Months)," as shown on the Final Data File, for the remaining interest-only period
of the Mortgage Loan and Mezzanine Loan (the "Remaining IO Term (Months)"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Use the "Mortgage Loan Original Balance," as shown on the Final Data File, for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Principal balance of the Mortgage Loan and each Property as of the Reference Date (the "Mortgage Loan Closing Date Balance")
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Principal balance of the Mortgage Loan as of the "Maturity Date" of the Mortgage Loan (the "Mortgage Loan
Maturity Date Balance") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Use the "Mezzanine Loan Original Balance," as shown on the Final Data File, for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Principal balance of the Mezzanine Loan and each Property as of the Reference Date (the "Mezzanine Loan Closing Date Balance")
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Principal balance of the Mezzanine Loan as of the "Maturity Date" of the Mezzanine Loan (the "Mezzanine
Loan Balloon Balance").

We compared this information to the corresponding information on the Final Data File and found such information to be in agreement.

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 4 of 8 |

---

8. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mortgage Loan Original Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mezzanine Loan Original Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mortgage Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Mezzanine Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Mortgage Loan Maturity Date Balance and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Mezzanine Loan Balloon Balance,

as shown on the Final Data File, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Total Loan Original Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Total Loan Closing Date Balance and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Total Loan Balloon Balance

of the Total Debt associated with the Mortgage Loan, and with respect to i. and ii. above, of the Total Debt associated with each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

9. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mortgage Loan Original Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mortgage Loan Coupon and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Interest Calculation (30/360 / Actual/360),

as shown on the Final Data File, and the calculation methodologies provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Mortgage Loan Monthly Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Mortgage Loan Annual Debt Service Payment,

of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to recalculate the "Mortgage Loan Monthly Debt Service Payment" of the Mortgage Loan as 1/12<sup>th</sup> of the product, rounded to two decimal places, of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Mortgage Loan Original Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Mortgage Loan Coupon," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 365/360.

For the purpose of this procedure, the Depositor instructed us to recalculate the "Mortgage Loan Annual Debt Service Payment" of the Mortgage Loan as twelve (12) times the "Mortgage Loan Monthly Debt Service Payment," as shown on the Final Data File.

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 5 of 8 |

---

10. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mezzanine Loan Original Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mezzanine Loan Coupon and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Interest Calculation (30/360 / Actual/360),

as shown on the Final Data File, and the calculation methodologies provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Mezzanine Loan Monthly Debt Service Payment and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Mezzanine Loan Annual Debt Service Payment

of the Mezzanine Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to recalculate the "Mezzanine Loan Monthly Debt Service Payment" of the Mezzanine Loan as 1/12<sup>th</sup> of the product, rounded to two decimal places, of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Mezzanine Loan Original Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Mezzanine Loan Coupon," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 365/360.

For the purpose of this procedure, the Depositor instructed us to recalculate the "Mezzanine Loan Annual Debt Service Payment" of the Mezzanine Loan as twelve (12) times the "Mezzanine Loan Monthly Debt Service Payment," as shown on the Final Data File.

11. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mortgage Loan Monthly Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mezzanine Loan Monthly Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mortgage Loan Annual Debt Service Payment and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Mezzanine Loan Annual Debt Service Payment,

as shown on the Final Data File, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Total Loan Monthly Debt Service Payment and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Total Loan Annual Debt Service Payment

of the Total Debt associated with the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 6 of 8 |

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12. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mortgage Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mezzanine Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mortgage Loan Maturity Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Individual As-Is Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Portfolio Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Mortgage Loan Annual Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. UW Net Operating Income,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. UW Net Cash Flow,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Square Footage (Available SF) Total Square Footage Including Parking, Other and Commercial and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Unit Mix (Available Units) Total Units Including Parking, Other and Commercial,

as shown on the Final Data File, and the applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Mortgage Loan UW NOI DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Mortgage Loan UW NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Mortgage Loan Closing Date Balance per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Mortgage Loan Closing Date Balance per Unit,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Mezzanine Loan Closing Date Balance per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Mezzanine Loan Closing Date Balance per Unit,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Individual As-Is Appraised Value per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Portfolio Appraised Value per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. Mortgage Loan Closing Date LTV (Aggregate Individual As-is Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. Mortgage Loan Balloon LTV (Aggregate Individual As-is Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. Mortgage Loan Closing Date LTV (Portfolio Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii. Mortgage Loan Balloon LTV (Portfolio Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiii. Mortgage Loan UW NOI Debt Yield and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiv. Mortgage Loan UW NCF Debt Yield

of the Mortgage Loan, and with respect to iii. through vii. above, of each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Round the characteristics listed in i. through viii. above to two decimal places and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Round the characteristics listed in ix. through xiv. above to the nearest 1/10<sup>th</sup> of one percent.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 7 of 8 |

---

13. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Total Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Total Loan Balloon Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Individual As-Is Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Portfolio Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Total Loan Annual Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. UW Net Operating Income,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. UW Net Cash Flow,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Square Footage (Available SF) Total Square Footage Including Parking, Other and Commercial and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Unit Mix (Available Units) Total Units Including Parking, Other and Commercial,

as shown on the Final Data File, and the applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Total Loan UW NOI DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Total Loan UW NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Total Loan Closing Date Balance per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Total Loan Closing Date Balance per Unit,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Total Loan Closing Date LTV (Aggregate Individual As-is Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Total Loan Balloon LTV (Aggregate Individual As-is Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Total Loan Closing Date LTV (Portfolio Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Total Loan Balloon LTV (Portfolio Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. Total Loan UW NOI Debt Yield and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. Total Loan UW NCF Debt Yield

of the Total Debt associated with the Mortgage Loan, and with respect to iii. and iv. above, of the Total Debt associated with each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Round the characteristics listed in i. through iv. above to two decimal places and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Round the characteristics listed in v. through x. above to the nearest 1/10<sup>th</sup> of one percent.

14. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Square Footage (Available SF) Total Self Storage Square Footage,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Square Footage (Available SF) Climate Controlled and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Square Footage (Available SF) Regular,

as shown on the Final Data File, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. % of Square Footage (Available SF) Climate Controlled and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. % of Square Footage (Available SF) Regular

of the Mortgage Loan and each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 8 of 8 |

---

15. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Square Footage (Available SF) Total Square Footage Including Parking, Other and Commercial,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Square Footage (Available SF) Total Self Storage Square Footage,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Square Footage (Available SF) Parking,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Square Footage (Available SF) Other and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Square Footage (Available SF) Commercial,

as shown on the Final Data File, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. % of Square Footage (Available SF) Self Storage SF % of Total,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. % of Square Footage (Available SF) Parking,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. % of Square Footage (Available SF) Other,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. % of Square Footage (Available SF) Commercial and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. % of Square Footage (Available SF) Total Square Footage Including Parking, Other and Commercial % of Total

of the Mortgage Loan and each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

16. Using the "Mortgage Loan Closing Date Balance," as shown on the Final Data File, we recalculated the "% of Mortgage
Loan Closing Date Balance" of the Mortgage Loan and each Property. We compared this recalculated information to the corresponding
information on the Final Data File and found such information to be in agreement.

17. Using the "Mezzanine Loan Closing Date Balance," as shown on the Final Data File, we recalculated the "% of Mezzanine
Loan Closing Date Balance" of the Mezzanine Loan and each Property. We compared this recalculated information to the corresponding
information on the Final Data File and found such information to be in agreement.

18. Using the "Total Loan Closing Date Balance," as shown on the Final Data File, we recalculated the "% of Total Loan
Closing Date Balance" of the Total Debt associated with the Mortgage Loan and Total Debt associated with each Property. We compared
this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement

**Exhibit 1 to Attachment A**<br> Page 1 of 2<br>

**<u>Source Documents</u>**

***<u>Mortgage Loan and Mezzanine Loan Source Documents</u>***

---

| | |
|:---|:---|
| **<u>Source Document Title</u>** | **<u>Source Document Date</u>** |
| Mortgage Loan Agreement (see Note 1) | 29 September 2025 |
| Cash Management Agreement (see Note 1) | 23 September 2025 |
| Consolidated Promissory Note (see Note 1) | 23 September 2025 |
| Note Splitter Agreement (see Note 1) | 23 September 2025 |
| Guaranty Agreement (see Note 1) | 23 September 2025 |
| Environmental Indemnity Agreement (see Note 1) | 23 September 2025 |
| Administrative Fee Schedule (see Note 1) | Not Dated |
| Allocated Loan Amount Schedule (see Note 1) | 26 September 2025 |
| Intercreditor Agreement (see Note 1) | 29 September 2025 |
| Mezzanine Loan Agreement (see Note 1) | 30 September 2025 |

---

***<u>Property Source Documents</u>***

---

| | |
|:---|:---|
| **<u>Source Document Title</u>** | **<u>Source Document Date</u>** |
| Appraisal Reports | Various |
| Portfolio Appraisal Report | 18 September 2025 |
| Engineering Reports (see Note 1) | Various |
| Phase I Environmental Reports (see Note 1) | 24 September 2025 |
| Seismic Risk Assessments | Various |
| Pro Forma Title Policies (see Note 1) | Various |
| Management Agreement Documents (see Note 1) | 23 September 2025 |
| Underwriter's Summary Report | Not Dated |
| Underwritten Rent Roll | 15 August 2025 |

---

**Exhibit 1 to Attachment A**<br> Page 2 of 2<br>

 ****

***<u>Property Source Documents</u>*** (continued)

---

| | |
|:---|:---|
| **<u>Source Document Title</u>** | **<u>Source Document Date</u>** |
| Historical Occupancy Support | Not Dated |
| Historical Capital Expenditure Support | Not Dated |
| Lease Agreement Documents | Various |
| Insurance Risk Analysis (see Note 1) | Not Dated |
| Cost Basis Overview | Not Dated |
| Trepp Screenshot(s) | Not Dated |
| Zoning Matrix | Not Dated |
| Months of Income and Expenses Summary | Not Dated |
| Condominium Documents | 10 July 2018 |

---

**<u>Note</u>:**

1. The indicated provided Source Document(s) are draft document(s) with the Source Document Date reflecting the latest date of receipt.
For the purpose of the procedures described in this report, the Depositor instructed us to treat the indicated Source Document(s) as fully
executed.

**Exhibit 2 to Attachment A**<br> Page 1 of 13<br>

**<u>Compared Characteristics and Source Documents</u>**

**<u>Property Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Address | Appraisal Report or Engineering Report |
| City | Appraisal Report |
| State | Appraisal Report |
| Zip | Appraisal Report |
| County | Appraisal Report |
| MSA | Appraisal Report |
| Property Type | Appraisal Report |
| Property Sub-Type | Appraisal Report |
| Year Built | Appraisal Report |
| Year Renovated | Appraisal Report |
| Date Acquired | Underwriter's Summary Report |
| Previous Securitization | Trepp Screnshot(s) |
| Ownership Interest | Pro Forma Title Policy |
| Unit Mix (Available Units) Regular | Underwriter's Summary Report |
| Unit Mix (Available Units) Climate Controlled | Underwriter's Summary Report |
| Unit Mix (Available Units) Total Self Storage Units | Underwriter's Summary Report |
| Unit Mix (Available Units) Parking | Underwriter's Summary Report |
| Unit Mix (Available Units) Other | Underwriter's Summary Report |
| Unit Mix (Available Units) Commercial | Underwriter's Summary Report |
| Unit Mix (Available Units) Total Units Including Parking, Other and Commercial | Underwriter's Summary Report |
| Square Footage (Available SF) Regular | Underwriter's Summary Report |
| Square Footage (Available SF) Climate Controlled | Underwriter's Summary Report |
| Square Footage (Available SF) Total Self Storage Square Footage | Underwriter's Summary Report |
| Square Footage (Available SF) Parking | Underwriter's Summary Report |
| Square Footage (Available SF) Other | Underwriter's Summary Report |
| Square Footage (Available SF) Commercial | Underwriter's Summary Report |
| Square Footage (Available SF) Total Square Footage Including Parking, Other and Commercial | Underwriter's Summary Report |
| Unit Mix (Occupied Units) Regular | Underwriter's Summary Report |
| Unit Mix (Occupied Units) Climate Controlled | Underwriter's Summary Report |
| Unit Mix (Occupied Units) Total Self Storage Units | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 2 of 13<br>

**<u>Property Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Unit Mix (Occupied Units) Parking | Underwriter's Summary Report |
| Unit Mix (Occupied Units) Other | Underwriter's Summary Report |
| Unit Mix (Occupied Units) Commercial | Underwriter's Summary Report |
| Unit Mix (Occupied Units) Total Units Including Parking, Other and Commercial | Underwriter's Summary Report |
| Square Footage (Occupied SF) Regular | Underwriter's Summary Report |
| Square Footage (Occupied SF) Climate Controlled | Underwriter's Summary Report |
| Square Footage (Occupied SF) Total Self Storage SF | Underwriter's Summary Report |
| Square Footage (Occupied SF) Parking | Underwriter's Summary Report |
| Square Footage (Occupied SF) Other | Underwriter's Summary Report |
| Square Footage (Occupied SF) Commercial | Underwriter's Summary Report |
| Square Footage (Occupied SF) Total Square Footage Including Parking, Other and Commercial | Underwriter's Summary Report |
| Self Storage Occupancy (%) (based on SF) | Underwriter's Summary Report |
| Storage Occupancy (%) (based on SF) | Underwriter's Summary Report |
| Total Occupancy Including Parking, Other and Commercial SF (based on SF) (%) | Underwriter's Summary Report |
| Occupancy Date | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 3 of 13<br>

**<u>Third Party Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Individual As-is Appraiser | Appraisal Report |
| Appraiser Designation | Appraisal Report |
| Appraisal FIRREA (Y/N) | Appraisal Report |
| Individual As-Is Appraised Value Date | Appraisal Report |
| Individual As-Is Appraised Value | Appraisal Report |
| Portfolio Appraisal Appraiser | Portfolio Appraisal Report |
| Portfolio Appraised Value Date | Portfolio Appraisal Report |
| Portfolio Appraised Value | Portfolio Appraisal Report |
| Portfolio Appraised Value Premium | Portfolio Appraisal Report |
| Engineering Report Provider | Engineering Report |
| Engineering Report Date | Engineering Report |
| Flood Zone | Engineering Report |
| Seismic Zone | Engineering Report |
| PML % | Seismic Risk Assessment |
| Seismic Report Date | Seismic Risk Assessment |
| Environmental Phase I Report Provider | Phase I Environmental Report |
| Environmental Phase I Report Date | Phase I Environmental Report |
| Earthquake Insurance Required | Insurance Risk Analysis |
| Terrorism Insurance Required | Insurance Risk Analysis |
| Environmental Insurance Required (Y/N) | Insurance Risk Analysis |
| Blanket Insurance Policy (Yes/No) | Insurance Risk Analysis |

---

**Exhibit 2 to Attachment A**<br> Page 4 of 13<br>

**<u>Underwriting Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 2021 Annualized Months of Income and Expenses | Months of Income and Expenses Summary |
| 2022 Months of Income and Expenses | Months of Income and Expenses Summary |
| 2023 Months of Income and Expenses | Months of Income and Expenses Summary |
| 2024 Months of Income and Expenses | Months of Income and Expenses Summary |
| July 2025 TTM Months of Income and Expenses | Months of Income and Expenses Summary |
| 2021 Annualized Storage Rental Income | Underwriter's Summary Report |
| 2022 Storage Rental Income | Underwriter's Summary Report |
| 2023 Storage Rental Income | Underwriter's Summary Report |
| 2024 Storage Rental Income | Underwriter's Summary Report |
| July 2025 TTM Storage Rental Income | Underwriter's Summary Report |
| UW Storage Rental Income | Underwriter's Summary Report |
| 2021 Annualized Potential Income from Vacant Units | Underwriter's Summary Report |
| 2022 Potential Income from Vacant Units | Underwriter's Summary Report |
| 2023 Potential Income from Vacant Units | Underwriter's Summary Report |
| 2024 Potential Income from Vacant Units | Underwriter's Summary Report |
| July 2025 TTM Potential Income from Vacant Units | Underwriter's Summary Report |
| UW Potential Income from Vacant Units | Underwriter's Summary Report |
| 2021 Annualized Gross Potential Income | Underwriter's Summary Report |
| 2022 Gross Potential Income | Underwriter's Summary Report |
| 2023 Gross Potential Income | Underwriter's Summary Report |
| 2024 Gross Potential Income | Underwriter's Summary Report |
| July 2025 TTM Gross Potential Income | Underwriter's Summary Report |
| UW Gross Potential Income | Underwriter's Summary Report |
| 2021 Annualized Economic Vacancy | Underwriter's Summary Report |
| 2022 Economic Vacancy | Underwriter's Summary Report |
| 2023 Economic Vacancy | Underwriter's Summary Report |
| 2024 Economic Vacancy | Underwriter's Summary Report |
| July 2025 TTM Economic Vacancy | Underwriter's Summary Report |
| UW Economic Vacancy | Underwriter's Summary Report |
| 2021 Annualized Gross Potential Income Before Other Income | Underwriter's Summary Report |
| 2022 Gross Potential Income Before Other Income | Underwriter's Summary Report |
| 2023 Gross Potential Income Before Other Income | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 5 of 13<br>

**<u>Underwriting Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 2024 Gross Potential Income Before Other Income | Underwriter's Summary Report |
| July 2025 TTM Gross Potential Income Before Other Income | Underwriter's Summary Report |
| UW Gross Potential Income Before Other Income | Underwriter's Summary Report |
| 2021 Annualized Late & Application Fees | Underwriter's Summary Report |
| 2022 Late & Application Fees | Underwriter's Summary Report |
| 2023 Late & Application Fees | Underwriter's Summary Report |
| 2024 Late & Application Fees | Underwriter's Summary Report |
| July 2025 TTM Late & Application Fees | Underwriter's Summary Report |
| UW Late & Application Fees | Underwriter's Summary Report |
| 2021 Annualized Other Income | Underwriter's Summary Report |
| 2022 Other Income | Underwriter's Summary Report |
| 2023 Other Income | Underwriter's Summary Report |
| 2024 Other Income | Underwriter's Summary Report |
| July 2025 TTM Other Income | Underwriter's Summary Report |
| UW Other Income | Underwriter's Summary Report |
| 2021 Annualized Effective Gross Income - Storage | Underwriter's Summary Report |
| 2022 Effective Gross Income - Storage | Underwriter's Summary Report |
| 2023 Effective Gross Income - Storage | Underwriter's Summary Report |
| 2024 Effective Gross Income - Storage | Underwriter's Summary Report |
| July 2025 TTM Effective Gross Income - Storage | Underwriter's Summary Report |
| UW Effective Gross Income - Storage | Underwriter's Summary Report |
| 2021 Annualized RevPAF - Storage | Underwriter's Summary Report |
| 2022 RevPAF - Storage | Underwriter's Summary Report |
| 2023 RevPAF - Storage | Underwriter's Summary Report |
| 2024 RevPAF - Storage | Underwriter's Summary Report |
| July 2025 TTM RevPAF - Storage | Underwriter's Summary Report |
| UW RevPAF - Storage | Underwriter's Summary Report |
| 2021 Annualized Commercial Base Rent | Underwriter's Summary Report |
| 2022 Commercial Base Rent | Underwriter's Summary Report |
| 2023 Commercial Base Rent | Underwriter's Summary Report |
| 2024 Commercial Base Rent | Underwriter's Summary Report |
| July 2025 TTM Commercial Base Rent | Underwriter's Summary Report |
| UW Commercial Base Rent | Underwriter's Summary Report |
| 2021 Annualized Commercial Potential Income from Vacant Space | Underwriter's Summary Report |
| 2022 Commercial Potential Income from Vacant Space | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 6 of 13<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 2023 Commercial Potential Income from Vacant Space | Underwriter's Summary Report |
| 2024 Commercial Potential Income from Vacant Space | Underwriter's Summary Report |
| July 2025 TTM Commercial Potential Income from Vacant Space | Underwriter's Summary Report |
| UW Commercial Potential Income from Vacant Space | Underwriter's Summary Report |
| 2021 Annualized Commercial Expense Reimbursements | Underwriter's Summary Report |
| 2022 Commercial Expense Reimbursements | Underwriter's Summary Report |
| 2023 Commercial Expense Reimbursements | Underwriter's Summary Report |
| 2024 Commercial Expense Reimbursements | Underwriter's Summary Report |
| July 2025 TTM Commercial Expense Reimbursements | Underwriter's Summary Report |
| UW Commercial Expense Reimbursements | Underwriter's Summary Report |
| 2021 Annualized Gross Potential Commercial Income | Underwriter's Summary Report |
| 2022 Gross Potential Commercial Income | Underwriter's Summary Report |
| 2023 Gross Potential Commercial Income | Underwriter's Summary Report |
| 2024 Gross Potential Commercial Income | Underwriter's Summary Report |
| July 2025 TTM Gross Potential Commercial Income | Underwriter's Summary Report |
| UW Gross Potential Commercial Income | Underwriter's Summary Report |
| 2021 Annualized Commercial Economic Vacancy | Underwriter's Summary Report |
| 2022 Commercial Economic Vacancy | Underwriter's Summary Report |
| 2023 Commercial Economic Vacancy | Underwriter's Summary Report |
| 2024 Commercial Economic Vacancy | Underwriter's Summary Report |
| July 2025 TTM Commercial Economic Vacancy | Underwriter's Summary Report |
| UW Commercial Economic Vacancy | Underwriter's Summary Report |
| 2021 Annualized Commercial Other Income | Underwriter's Summary Report |
| 2022 Commercial Other Income | Underwriter's Summary Report |
| 2023 Commercial Other Income | Underwriter's Summary Report |
| 2024 Commercial Other Income | Underwriter's Summary Report |
| July 2025 TTM Commercial Other Income | Underwriter's Summary Report |
| UW Commercial Other Income | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 7 of 13<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 2021 Annualized Effective Gross Income - Commercial | Underwriter's Summary Report |
| 2022 Effective Gross Income - Commercial | Underwriter's Summary Report |
| 2023 Effective Gross Income - Commercial | Underwriter's Summary Report |
| 2024 Effective Gross Income - Commercial | Underwriter's Summary Report |
| July 2025 TTM Effective Gross Income - Commercial | Underwriter's Summary Report |
| UW Effective Gross Income - Commercial | Underwriter's Summary Report |
| 2021 Annualized Effective Gross Income - Total | Underwriter's Summary Report |
| 2022 Effective Gross Income - Total | Underwriter's Summary Report |
| 2023 Effective Gross Income - Total | Underwriter's Summary Report |
| 2024 Effective Gross Income - Total | Underwriter's Summary Report |
| July 2025 TTM Effective Gross Income - Total | Underwriter's Summary Report |
| UW Effective Gross Income - Total | Underwriter's Summary Report |
| 2021 Annualized Management Fee | Underwriter's Summary Report |
| 2022 Management Fee | Underwriter's Summary Report |
| 2023 Management Fee | Underwriter's Summary Report |
| 2024 Management Fee | Underwriter's Summary Report |
| July 2025 TTM Management Fee | Underwriter's Summary Report |
| UW Management Fee | Underwriter's Summary Report |
| 2021 Annualized Payroll & Benefits | Underwriter's Summary Report |
| 2022 Payroll & Benefits | Underwriter's Summary Report |
| 2023 Payroll & Benefits | Underwriter's Summary Report |
| 2024 Payroll & Benefits | Underwriter's Summary Report |
| July 2025 TTM Payroll & Benefits | Underwriter's Summary Report |
| UW Payroll & Benefits | Underwriter's Summary Report |
| 2021 Annualized Cost of Goods Sold | Underwriter's Summary Report |
| 2022 Cost of Goods Sold | Underwriter's Summary Report |
| 2023 Cost of Goods Sold | Underwriter's Summary Report |
| 2024 Cost of Goods Sold | Underwriter's Summary Report |
| July 2025 TTM Cost of Goods Sold | Underwriter's Summary Report |
| UW Cost of Goods Sold | Underwriter's Summary Report |
| 2021 Annualized Utilities | Underwriter's Summary Report |
| 2022 Utilities | Underwriter's Summary Report |
| 2023 Utilities | Underwriter's Summary Report |
| 2024 Utilities | Underwriter's Summary Report |
| July 2025 TTM Utilities | Underwriter's Summary Report |
| UW Utilities | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 8 of 13<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 2021 Annualized Repairs & Maintenance | Underwriter's Summary Report |
| 2022 Repairs & Maintenance | Underwriter's Summary Report |
| 2023 Repairs & Maintenance | Underwriter's Summary Report |
| 2024 Repairs & Maintenance | Underwriter's Summary Report |
| July 2025 TTM Repairs & Maintenance | Underwriter's Summary Report |
| UW Repairs & Maintenance | Underwriter's Summary Report |
| 2021 Annualized Marketing & Advertising | Underwriter's Summary Report |
| 2022 Marketing & Advertising | Underwriter's Summary Report |
| 2023 Marketing & Advertising | Underwriter's Summary Report |
| 2024 Marketing & Advertising | Underwriter's Summary Report |
| July 2025 TTM Marketing & Advertising | Underwriter's Summary Report |
| UW Marketing & Advertising | Underwriter's Summary Report |
| 2021 Annualized General & Administrative | Underwriter's Summary Report |
| 2022 General & Administrative | Underwriter's Summary Report |
| 2023 General & Administrative | Underwriter's Summary Report |
| 2024 General & Administrative | Underwriter's Summary Report |
| July 2025 TTM General & Administrative | Underwriter's Summary Report |
| UW General & Administrative | Underwriter's Summary Report |
| 2021 Annualized Insurance | Underwriter's Summary Report |
| 2022 Insurance | Underwriter's Summary Report |
| 2023 Insurance | Underwriter's Summary Report |
| 2024 Insurance | Underwriter's Summary Report |
| July 2025 TTM Insurance | Underwriter's Summary Report |
| UW Insurance | Underwriter's Summary Report |
| 2021 Annualized Real Estate Taxes | Underwriter's Summary Report |
| 2022 Real Estate Taxes | Underwriter's Summary Report |
| 2023 Real Estate Taxes | Underwriter's Summary Report |
| 2024 Real Estate Taxes | Underwriter's Summary Report |
| July 2025 TTM Real Estate Taxes | Underwriter's Summary Report |
| UW Real Estate Taxes | Underwriter's Summary Report |
| 2021 Annualized Total Expenses | Underwriter's Summary Report |
| 2022 Total Expenses | Underwriter's Summary Report |
| 2023 Total Expenses | Underwriter's Summary Report |
| 2024 Total Expenses | Underwriter's Summary Report |
| July 2025 TTM Total Expenses | Underwriter's Summary Report |
| UW Total Expenses | Underwriter's Summary Report |
| 2021 Annualized Net Operating Income | Underwriter's Summary Report |
| 2022 Net Operating Income | Underwriter's Summary Report |
| 2023 Net Operating Income | Underwriter's Summary Report |
| 2024 Net Operating Income | Underwriter's Summary Report |
| July 2025 TTM Net Operating Income | Underwriter's Summary Report |
| UW Net Operating Income | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 9 of 13<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 2021 Annualized Replacement Reserves - Storage | Underwriter's Summary Report |
| 2022 Replacement Reserves - Storage | Underwriter's Summary Report |
| 2023 Replacement Reserves - Storage | Underwriter's Summary Report |
| 2024 Replacement Reserves - Storage | Underwriter's Summary Report |
| July 2025 TTM Replacement Reserves - Storage | Underwriter's Summary Report |
| UW Replacement Reserves - Storage | Underwriter's Summary Report |
| 2021 Annualized Replacement Reserves - Commercial | Underwriter's Summary Report |
| 2022 Replacement Reserves - Commercial | Underwriter's Summary Report |
| 2023 Replacement Reserves - Commercial | Underwriter's Summary Report |
| 2024 Replacement Reserves - Commercial | Underwriter's Summary Report |
| July 2025 TTM Replacement Reserves - Commercial | Underwriter's Summary Report |
| UW Replacement Reserves - Commercial | Underwriter's Summary Report |
| 2021 Annualized Normalized Tenant Improvement and Leasing Commissions | Underwriter's Summary Report |
| 2022 Normalized Tenant Improvement and Leasing Commissions | Underwriter's Summary Report |
| 2023 Normalized Tenant Improvement and Leasing Commissions | Underwriter's Summary Report |
| 2024 Normalized Tenant Improvement and Leasing Commissions | Underwriter's Summary Report |
| July 2025 TTM Normalized Tenant Improvement and Leasing Commissions | Underwriter's Summary Report |
| UW Normalized Tenant Improvement and Leasing Commissions | Underwriter's Summary Report |
| 2021 Annualized Net Cash Flow | Underwriter's Summary Report |
| 2022 Net Cash Flow | Underwriter's Summary Report |
| 2023 Net Cash Flow | Underwriter's Summary Report |
| 2024 Net Cash Flow | Underwriter's Summary Report |
| July 2025 TTM Net Cash Flow | Underwriter's Summary Report |
| UW Net Cash Flow | Underwriter's Summary Report |

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**Exhibit 2 to Attachment A**<br> Page 10 of 13<br>

**<u>Reserve and Escrow Information</u>:**

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| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Ongoing RE Tax Reserve ($) | Mortgage Loan Agreement |
| Ongoing Insurance Reserve ($) | Mortgage Loan Agreement |
| Upfront Replacement Reserve ($) | Mortgage Loan Agreement |
| Ongoing Replacement Reserve ($) | Mortgage Loan Agreement |
| Replacement Reserve Caps ($) | Mortgage Loan Agreement |
| Upfront TI/LC Reserve ($) | Mortgage Loan Agreement |
| Ongoing TI/LC Reserve ($) | Mortgage Loan Agreement |
| TI/LC Caps ($) | Mortgage Loan Agreement |
| Upfront Debt Service Reserve ($) | Mortgage Loan Agreement |
| Ongoing Debt Service Reserve ($) | Mortgage Loan Agreement |
| Debt Service Reserve Cap ($) | Mortgage Loan Agreement |
| Ongoing Deferred Maintenance Reserve ($) | Mortgage Loan Agreement |
| Upfront Environmental Reserve ($) | Mortgage Loan Agreement |
| Ongoing Environmental Reserve ($) | Mortgage Loan Agreement |
| Other Reserve Cap ($) | Mortgage Loan Agreement |

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**<u>Mortgage Loan and Mezzanine Loan Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| First Loan Payment Date | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Maturity Date | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Prepayment Provision | Mortgage Loan Agreement |
| Interest Calculation (30/360 / Actual/360) | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Amort Type | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Grace Period- Late Fee | Mortgage Loan Agreement |
| Grace Period- Default | Mortgage Loan Agreement |
| Lockbox | Mortgage Loan Agreement |
| Cash Management Trigger | Mortgage Loan Agreement |
| Cash Management Type | Mortgage Loan Agreement |
| Release Provisions (Yes/No) | Mortgage Loan Agreement |
| Property Release Description | Mortgage Loan Agreement |
| Lockout Period | Mortgage Loan Agreement |
| Administrative Fee Rate (%) | Administrative Fee Schedule |

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**Exhibit 2 to Attachment A**<br> Page 11 of 13<br>

**<u>Mortgage Loan and Mezzanine Loan Information</u>:** (continued)

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| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Mortgage Loan Original Balance | Allocated Loan Amount Schedule |
| Mezzanine Loan Original Balance | Allocated Loan Amount Schedule |
| Lockout Expiration Date | Mortgage Loan Agreement |
| Prepayment / Defeasance Begin Date | Mortgage Loan Agreement |
| Prepayment / Defeasance End Date | Mortgage Loan Agreement |
| Open Period Begin Date | Mortgage Loan Agreement |
| Open Period (Payments) | Mortgage Loan Agreement |
| Prepayment Type | Mortgage Loan Agreement |
| Future Debt Permitted (Yes/No) | Mortgage Loan Agreement |
| Mortgage Assumable? | Mortgage Loan Agreement |
| Assumption Fee | Mortgage Loan Agreement |
| Borrower Name | Mortgage Loan Agreement |
| Tenant in Common (Yes/No)? | Mortgage Loan Agreement |
| Delaware Statutory Trust (Yes/No)? | Mortgage Loan Agreement |
| Carve-out Guarantor | Mortgage Loan Agreement |
| Recourse | Mortgage Loan Agreement |
| Single Purpose Borrower (Y/N) | Mortgage Loan Agreement |
| Property Manager | Mortgage Loan Agreement |
| Originator | Mortgage Loan Agreement |
| Originator Entity Type | Mortgage Loan Agreement |
| Name of Mezzanine Lenders | Mezzanine Loan Agreement |

---

**<u>Notes</u>:**

1. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Address,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. City and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. State

characteristics, the Depositor instructed us to ignore differences that are due to standard postal abbreviations.

2. For the purpose of comparing the "Underwriting Information" characteristics that are expressed as dollar values, the Depositor
instructed us to ignore differences of +/– $1 or less.

3. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Interest Calculation (30/360 / Actual/360),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Amort Type,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. First Loan Payment Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Maturity Date

characteristics, the Depositor instructed us to compare the information on the Preliminary Data File to the corresponding information for both the Mortgage Loan and Mezzanine Loan that is shown in the applicable Source Document(s).

**Exhibit 2 to Attachment A**<br> Page 12 of 13<br>

4. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Prepayment Provision,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Lockout Period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Lockout Expiration Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Prepayment / Defeasance Begin Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Prepayment / Defeasance End Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Open Period Begin Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Open Period (Payments)

characteristics, the Depositor instructed us to ignore any prepayment premiums or other conditions related to partial release events or partial prepayments to cure certain trigger periods, as described in the applicable Source Document(s).

5. For the purpose of comparing the "Lockout Expiration Date" characteristic, the Depositor instructed us to use the
day prior to the first payment date which occurs during the defeasance period, as shown in the applicable Source Document(s).<br>
For the purpose of comparing the "Prepayment / Defeasance Begin Date" characteristic, the Depositor instructed us to use the
first payment date which occurs during the defeasance period, as shown in the applicable Source Document(s).

For the purpose of comparing the "Prepayment / Defeasance End Date" characteristic, the Depositor instructed us to use the day prior to the first payment date which occurs during the open period, as shown in the applicable Source Document(s).

For the purpose of comparing the "Open Period Begin Date" characteristic, the Depositor instructed us to use the first payment date which occurs during the open period, as shown in the applicable Source Document(s).

6. For the purpose of comparing the "Lockbox" characteristic, the Depositor instructed us to use "Soft"
if the applicable Source Document(s) require the borrower(s) to deposit or cause the property manager to deposit all rents collected into
a lockbox account controlled by the lender(s).

7. For the purpose of comparing the "Cash Management Type" characteristic, the Depositor instructed us to use "Springing"
if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Prior to the occurrence of an event of default or one or more specific trigger events described in the applicable Source Document(s),
revenue in the lockbox account is transferred to an account controlled by the borrower(s), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Upon the occurrence of an event of default or one or more specific trigger events described in the applicable Source Document(s),
revenue in the lockbox account is transferred to a cash management account controlled by the lender(s), and the funds are disbursed according
to the applicable Source Document(s).

8. For the purpose of comparing the "Individual As-Is Appraised Value" characteristic for the Property identified on the
Preliminary Data File as "Prime Storage of Salem," the Depositor instructed us to combine the excess land value with the as-is
appraised value, as shown in the applicable appraisal report Source Document.

**Exhibit 2 to Attachment A**<br> Page 13 of 13<br>

9. The Depositor instructed us to perform procedures on the "Seismic Report Date" and "PML %" characteristics
only for any Property that contains a seismic risk assessment Source Document. For any Property that does not contain a seismic risk assessment
Source Document, the Depositor instructed us to use "NAP" for the "Seismic Report Date" and "PML
%" characteristics.

10. For the purpose of comparing the "Ownership Interest" characteristic for the Property identified on the Preliminary Data
File as "Prime Storage of Marietta - Delk Road," the Depositor instructed us to show "Fee Simple."

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions, assumptions and methodologies provided by the Depositor that are described in the notes above.

**Exhibit 3 to Attachment A**<br>

**<u>Provided Characteristics</u>**

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| |
|:---|
| **<u>Characteristic</u>** |
| Property ID |
| Property No. (ranked by Mortgage ALA) |
| Property Name |
| Mortgage Loan Seller |
| Origination Date |
| Loan Purpose |
| Due on Sale |
| Due on Encumbrance |
| Sponsor |
| Mortgage Loan Coupon |
| Mezzanine Loan Coupon |
| Environmental Phase II Report Provider |
| Environmental Phase II Report Date |
| Property Located Within a Qualified Opportunity Zone (Y/N) |
| Upfront RE Tax Reserve ($) |
| Upfront Insurance Reserve ($) |
| Upfront Deferred Maintenance Reserve ($) |
| Upfront Other Reserve ($) |
| Ongoing Other Reserve ($) |
| Other Reserve Description |

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| | |
|:---|:---|
| **<u>Note</u>:** | We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the Provided Characteristics. |

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