# EDGAR Filing Document

**Accession Number:** 0001547361
**File Stem:** 0001539497-26-001120
**Filing Date:** 2026-4
**Character Count:** 48031
**Document Hash:** 18910386cb018995fc0d1680fdfb1c12
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-001120.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0001539497-26-001120

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260410

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

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Capital I Inc.
- **CENTRAL INDEX KEY:** 0001547361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133291626
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01951
- **FILM NUMBER:** 26854544

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Capital I Inc.
- **CENTRAL INDEX KEY:** 0001547361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133291626
- **STATE OF INCORPORATION:** DE

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

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morgan Stanley Capital I Inc.
- **CENTRAL INDEX KEY:** 0001547361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133291626
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01951

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-761-4000

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934**

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| |
|:---|
| &nbsp;&nbsp;Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy: |
| ____ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period |
| &nbsp;&nbsp;____________________ to ____________________ |
| &nbsp;&nbsp;Date of Report (Date of earliest event reported) ____________________ |
| &nbsp;&nbsp;Commission File Number of securitizer: ____________________ |
| &nbsp;&nbsp;Central Index Key Number of securitizer: ____________________ |
| &nbsp;&nbsp;Name and telephone number, including area code, of the person to |
| &nbsp;&nbsp;contact in connection with this filing. |
| &nbsp;&nbsp;Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [ ] |
| &nbsp;&nbsp;Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [ ] |
| &nbsp;&nbsp;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;<u>X</u> Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2) |
| &nbsp;&nbsp;Central Index Key Number of depositor: 0001547361 |
| &nbsp;&nbsp;<u>BOS Trust 2026-LYRK</u> |
| &nbsp;&nbsp;(Exact name of issuing entity as specified in its charter) |
| &nbsp;&nbsp;Central Index Key Number of issuing entity: N/A |
| &nbsp;&nbsp;<u>Amy Kim, (212) 762-5079</u> |
| &nbsp;&nbsp;Name and telephone number, including area code, of the person to |
| &nbsp;&nbsp;contact in connection with this filing |

---

**INFORMATION TO BE INCLUDED IN THE REPORT**

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

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

Attached as <u>Exhibit 1</u> hereto is an agreed-upon procedures report, dated April 10, 2026, of Deloitte & Touche LLP, obtained by the depositor, which report sets forth the findings and conclusions, as applicable, of Deloitte & Touche LLP with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

Attached as <u>Exhibit 2</u> hereto is an underwriting information comparison agreed-upon procedures report, dated April 10, 2026, of Deloitte & Touche LLP, obtained by the depositor, which report sets forth the findings and conclusions, as applicable, of Deloitte & Touche LLP with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

**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.

---

| |
|:---|
| &nbsp;&nbsp; Morgan Stanley Capital I Inc.<br> (Depositor) |
| &nbsp;&nbsp;Date: April 10, 2026 |
| &nbsp;&nbsp;/s/ Jane Lam |
| &nbsp;&nbsp;By: Jane Lam, President |
| &nbsp;&nbsp;(senior officer in charge of securitization of the depositor) |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| &nbsp;&nbsp;Exhibit Number | &nbsp;&nbsp;Description |
| &nbsp;&nbsp;Exhibit 1 | &nbsp;&nbsp;Agreed-upon procedures report, dated April 10, 2026, of Deloitte & Touche LLP. |
| &nbsp;&nbsp;Exhibit 2 | &nbsp;&nbsp;Underwriting information comparison agreed-upon procedures report, dated April 10, 2026, of Deloitte & Touche LLP. |

---

## Ex-1

**Exhibit 1**

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](deloittelogo.jpg) | &nbsp;&nbsp;**Deloitte & Touche LLP**<br> 3 Second Street<br> Suite 301<br> Harborside Plaza 10<br> Jersey City, NJ 07302<br> USA<br>Tel: +1 212 937 8202<br> www.deloitte.com |

---

&nbsp;&nbsp; Morgan Stanley & Co. LLC<br> Morgan Stanley Capital I Inc.<br> Morgan Stanley Mortgage Capital Holdings LLC<br> 1585 Broadway<br> New York, New York 10036<br>

**Independent Accountants' Report**

**<u>on Applying Agreed-Upon Procedures</u>**

We have performed the procedures described below related to certain information with respect to a mortgage loan in connection with the proposed offering of certain classes of BOS Trust 2026-LYRK, Commercial Mortgage Pass-Through Certificates, Series 2026-LYRK. Morgan Stanley & Co. LLC, Morgan Stanley Capital I Inc. and Morgan Stanley Mortgage Capital Holdings LLC (collectively, the **"Company"**) are responsible for the information provided to us, including the information set forth in the Data File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Data File. Additionally, Goldman Sachs Mortgage Company, Goldman Sachs Bank USA and Goldman Sachs & Co. LLC (collectively, with the Company, the "Specified Parties") have agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. 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. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

We performed certain procedures on earlier versions of the Data File and communicated differences prior to being provided the final Data File which was subjected to the procedures described below.

Capitalized terms used but not defined herein are used with the meanings as described in "The Bond Market Association's Standard Formulas for the Analysis of Mortgage-Backed Securities and Other Related Securities."

**<u>Procedures and Findings</u>**

On April 10, 2026, representatives of the Company provided us with a computer-generated mortgage loan data file and related record layout (the **"Data File"**) containing one mortgage loan (the "**Mortgage Loan**") that is secured by one mortgaged property (collectively, with the Mortgage Loan**,** the **"Mortgage Asset"**).

From March 6, 2026 through April 10, 2026, representatives of the Company provided us with certain Source Documents (as defined in the attached Appendix A) related to the Mortgage Asset.

At your request, for the Mortgage Asset set forth on the Data File, we compared certain characteristics (the **"Characteristics"** as indicated on Appendix A), except for those Characteristics identified on Appendix A as "Identification purposes only - not applicable," "None - Company Provided" or "Not applicable," to

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| |
|:---|
| **Member of** |
| Deloitte Touche Tohmatsu Limited |

---

the corresponding information set forth on or derived from the corresponding Source Documents and found them to be in agreement.<br>

\*\*\*\*\*\*<br>

We make no representations as to (i) the actual characteristics or existence of the underlying documents or data comprising the Mortgage Asset underlying the Data File or the conformity of their respective characteristics with those assumed for purposes of the procedures described herein, (ii) whether the Source Documents are comprehensive and valid instruments and reflect the current prevailing terms with respect to the Mortgage Asset, (iii) the existence or ownership of the Mortgage Asset or (iv) the reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events and circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has 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 conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Data File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company 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 procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the use and information of the Specified Parties and is not intended to be and should not be used by anyone other than the Specified Parties.

Yours truly,

**/s/** Deloitte & Touche LLP

April 10, 2026

**Appendix A**

**Source Documents**

For purposes of performing the agreed-upon procedures described herein and at your request, we will rely upon the following source documents as provided to us by the Company, with respect to the Mortgage Asset (the **"Source Documents"**):

Draft loan agreement (the **"Loan Agreement"**);

Draft cash management agreement (the **"Cash Management Agreement"**);

Draft guaranty (the **"Guaranty"**);

Real estate property appraisal report (the **"Appraisal Report"**);

Property condition report (the **"Engineering Report"**);

Air rights lease agreement and amendments (collectively, the **"Air Rights Lease"**);

Phase I environmental report (the **"Phase I Report"**);

Underwritten rent roll (the **"Underwritten Rent Roll"**); and

Underwritten financial summary (the **"Underwritten Financial Summary Report"**).

\*\*\*\*\*

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Loan Number | &nbsp;&nbsp;Identification purposes only - not applicable |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Unique ID | &nbsp;&nbsp;Identification purposes only - not applicable |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;Loan/Property Name | &nbsp;&nbsp;Identification purposes only - not applicable |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Street Address | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;6 | &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;7 | &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;8 | &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Property Type Detail | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Most Recent Renovation | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;13 | &nbsp;&nbsp;Property SF | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;14 | &nbsp;&nbsp;Total Property Occupancy Rate | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;Occupancy As of Date | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Total Debt Original Balance | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;17 | &nbsp;&nbsp;Total Debt Cut-off Date Balance | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;Whole Loan Original Balance | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;Whole Loan Cut-off Date Balance | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Whole Loan Per SF | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;21 | &nbsp;&nbsp;Mortgage Loan Original Balance | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;23 | &nbsp;&nbsp;Companion Loan Original Balance | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;Companion Loan Cut-off Date Balance | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;26 | &nbsp;&nbsp;Borrower | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;27 | &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Carve-Out Guarantor(s) | &nbsp;&nbsp;Guaranty |
| &nbsp;&nbsp;29 | &nbsp;&nbsp;Title Type | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Mortgage Loan Monthly IO Payment | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Mortgage Loan Annual IO Debt Service | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Whole Loan Monthly IO Payment | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Whole Loan Annual IO Debt Service | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Monthly P&I Payment | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Annual P&I Debt Service | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Interest Accrual Method | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;Interest Accrual Start | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Interest Accrual End | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Grace Period (Late Fee) | &nbsp;&nbsp;Loan Agreement |

---

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Grace Period (Default) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;IO Term (mos) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Original Amortization Term | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Origination Date | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;Interest Rate | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;Administrative Fee Rate | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;48 | &nbsp;&nbsp;Net Interest Rate | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Original Loan Term (mos) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;Remaining Loan Term (mos) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;Seasoning | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;53 | &nbsp;&nbsp;Whole Loan Balloon Balance | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Mortgage Loan Balloon Balance | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;55 | &nbsp;&nbsp;Companion Loan Balloon Balance | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;56 | &nbsp;&nbsp;Lockout Expiration Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;Open Period Begin Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;Prepay Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;Appraisal Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;Appraisal Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;Cut-off Date LTV | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;Maturity Date LTV | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;Fourth Most Recent NOI Date | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;Fourth Most Recent NOI | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;Third Most Recent NOI Date | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;Third Most Recent NOI | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;67 | &nbsp;&nbsp;Second Most Recent NOI Date | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;Second Most Recent NOI | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;Most Recent NOI Date | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;Most Recent Description | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;71 | &nbsp;&nbsp;Most Recent Revenue | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;Most Recent Expenses | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Most Recent NCF | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Underwritten Base Rent | &nbsp;&nbsp;Underwritten Financial Summary Report |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Underwritten Effective Gross Income | &nbsp;&nbsp;Underwritten Financial Summary Report |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;Underwritten Expenses | &nbsp;&nbsp;Underwritten Financial Summary Report |
| &nbsp;&nbsp;78 | &nbsp;&nbsp;Underwritten NOI | &nbsp;&nbsp;Underwritten Financial Summary Report |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;Underwritten IO NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |

---

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;Underwritten P&I NOI DSCR | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;Underwritten NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;Underwritten Replacement Reserve | &nbsp;&nbsp;Underwritten Financial Summary Report |
| &nbsp;&nbsp;83 | &nbsp;&nbsp;Underwritten TI/LC Reserve | &nbsp;&nbsp;Underwritten Financial Summary Report |
| &nbsp;&nbsp;84 | &nbsp;&nbsp;Underwritten NCF | &nbsp;&nbsp;Underwritten Financial Summary Report |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;Underwritten IO NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;Underwritten P&I NCF DSCR | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;Underwritten NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;Major Tenant 1 | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Major Tenant 1 UW Base Rent | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;90 | &nbsp;&nbsp;Major Tenant 1 % UW Base Rent | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Major Tenant 1 Sq. Ft. | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;92 | &nbsp;&nbsp;Major Tenant 1 Expiration | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;93 | &nbsp;&nbsp;Major Tenant 2 | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;Major Tenant 2 UW Base Rent | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;Major Tenant 2 % UW Base Rent | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;96 | &nbsp;&nbsp;Major Tenant 2 Sq. Ft. | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;Major Tenant 2 Expiration | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;98 | &nbsp;&nbsp;Major Tenant 3 | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;Major Tenant 3 UW Base Rent | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Major Tenant 3 % UW Base Rent | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;101 | &nbsp;&nbsp;Major Tenant 3 Sq. Ft. | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;102 | &nbsp;&nbsp;Major Tenant 3 Expiration | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;Major Tenant 4 | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Major Tenant 4 UW Base Rent | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;105 | &nbsp;&nbsp;Major Tenant 4 % UW Base Rent | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;Major Tenant 4 Sq. Ft. | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;Major Tenant 4 Expiration | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;108 | &nbsp;&nbsp;Major Tenant 5 | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Major Tenant 5 UW Base Rent | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;110 | &nbsp;&nbsp;Major Tenant 5 % UW Base Rent | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;111 | &nbsp;&nbsp;Major Tenant 5 Sq. Ft. | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Major Tenant 5 Expiration | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;113 | &nbsp;&nbsp;Lockbox | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;114 | &nbsp;&nbsp;Cash Management | &nbsp;&nbsp;Cash Management Agreement |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Environmental Phase I Report Date | &nbsp;&nbsp;Phase I Report |
| &nbsp;&nbsp;117 | &nbsp;&nbsp;Environmental Phase II Report Date | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;118 | &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;119 | &nbsp;&nbsp;Seismic PML | &nbsp;&nbsp;Not applicable |

---

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;Ground Lease Expiration Date | &nbsp;&nbsp;Air Rights Lease |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;Ground Lessor | &nbsp;&nbsp;Air Rights Lease |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;Additional Financing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;123 | &nbsp;&nbsp;In Place/Future | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Additional Financing Type | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;125 | &nbsp;&nbsp;Additional Financing Original Balance | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;126 | &nbsp;&nbsp;Additional Financing Cut-off Date Balance | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;127 | &nbsp;&nbsp;Additional Financing Cumulative Loan Per SF | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;128 | &nbsp;&nbsp;Additional Financing Cumulative LTV | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Additional Financing Lender | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;130 | &nbsp;&nbsp;Additional Financing Interest Rate | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;131 | &nbsp;&nbsp;Additional Financing Interest Accrual Method | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;132 | &nbsp;&nbsp;Additional Financing Amortization Type | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;Additional Financing Origination Date | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Additional Financing Monthly IO Payment | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;135 | &nbsp;&nbsp;Additional Financing Annual IO Payment | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;136 | &nbsp;&nbsp;Additional Financing Monthly P&I Payment | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;137 | &nbsp;&nbsp;Additional Financing Annual P&I Payment | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;138 | &nbsp;&nbsp;Additional Financing Cumulative IO DSCR on NCF | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Additional Financing Cumulative P&I DSCR on NCF | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Additional Financing Cumulative Debt Yield on NOI | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;141 | &nbsp;&nbsp;Additional Financing Cumulative Debt Yield on NCF | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;142 | &nbsp;&nbsp;Real Estate Tax Escrow - Initial | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Real Estate Tax Escrow - Ongoing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;144 | &nbsp;&nbsp;Insurance Escrow - Initial | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;145 | &nbsp;&nbsp;Insurance Escrow - Ongoing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;146 | &nbsp;&nbsp;Replacement Reserve Escrow - Initial | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Replacement Reserve Escrow - Ongoing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;148 | &nbsp;&nbsp;Immediate Repairs Escrow - Initial | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;149 | &nbsp;&nbsp;Immediate Repairs Escrow - Ongoing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;Rollover Escrow - Initial | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;151 | &nbsp;&nbsp;Rollover Escrow - Ongoing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;152 | &nbsp;&nbsp;Other Escrow Required | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;153 | &nbsp;&nbsp;Other Escrow 1 Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;154 | &nbsp;&nbsp;Other Escrow 1 Initial | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;155 | &nbsp;&nbsp;Other Escrow 1 Ongoing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Other Escrow 2 Description | &nbsp;&nbsp;Loan Agreement |

---

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;157 | &nbsp;&nbsp;Other Escrow 2 Initial | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;158 | &nbsp;&nbsp;Other Escrow 2 Ongoing | &nbsp;&nbsp;Loan Agreement |

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**<u>Calculation Procedures</u>**

With respect to Characteristic 16, we recomputed the Total Debt Original Balance as sum of the (i) Mortgage Loan Original Balance and (ii) Companion Loan Original Balance.

With respect to Characteristic 17, we recomputed the Total Debt Cut-off Date Balance as being equal to the Total Debt Original Balance.

With respect to Characteristic 19, we recomputed the Whole Loan Cut-off Date Balance as being equal to the Whole Loan Original Balance.

With respect to Characteristic 20, we recomputed the Whole Loan Per SF by dividing the (i) Whole Loan Cut-off Date Balance by (ii) Property SF.

With respect to Characteristic 22, we recomputed the Mortgage Loan Cut-off Date Balance as being equal to the Mortgage Loan Original Balance.

With respect to Characteristic 30, we recomputed the Mortgage Loan Monthly IO Payment by dividing (i) the product of (a) the Mortgage Loan Cut-off Date Balance, (b) the Interest Rate and (c) a fraction equal to 365/360 by (ii) twelve.

With respect to Characteristic 31, we recomputed the Mortgage Loan Annual IO Debt Service as the product of (a) the Mortgage Loan Cut-off Date Balance, (b) the Interest Rate and (c) a fraction equal to 365/360.

With respect to Characteristic 32, we recomputed the Whole Loan Monthly IO Payment by dividing (i) the product of (a) the Whole Loan Cut-off Date Balance, (b) the Interest Rate and (c) a fraction equal to 365/360 by (ii) twelve.

With respect to Characteristic 33, we recomputed the Whole Loan Annual IO Debt Service as the product of (a) the Whole Loan Cut-off Date Balance, (b) the Interest Rate and (c) a fraction equal to 365/360.

With respect to Characteristic 41, we recomputed the IO Term (mos) as being equal to the Original Loan Term (mos).

With respect to Characteristic 48, we recomputed the Net Interest Rate as the difference of the (a) Interest Rate and (b) Administrative Fee Rate.

With respect to Characteristic 49, we recomputed the Original Loan Term (mos) by determining the number of payment dates from and inclusive of the First Payment Date to and inclusive of the Maturity Date.

With respect to Characteristic 50, we recomputed the Remaining Loan Term (mos) as the difference of the (a) Original Loan Term (mos) and (b) Seasoning.

With respect to Characteristic 51, we recomputed the Seasoning by determining the number of payment dates from and inclusive of the First Payment Date to and inclusive of May 1, 2026 (the **"Cut-off Date"** as stipulated by representatives of the Company).

With respect to Characteristic 53, we recomputed the Whole Loan Balloon Balance as being equal to the Whole Loan Original Balance.

With respect to Characteristic 54, we recomputed the Mortgage Loan Balloon Balance as being equal to the Mortgage Loan Original Balance.

With respect to Characteristic 61, we recomputed the Cut-off Date LTV by dividing the (i) Mortgage Loan Cut-off Date Balance by (ii) Appraisal Value.

With respect to Characteristic 62, we recomputed the Maturity Date LTV by dividing the (i) Mortgage Loan Balloon Balance by (ii) Appraisal Value.

With respect to Characteristic 79, we recomputed the Underwritten IO NOI DSCR by dividing the (i) Underwritten NOI by (ii) Mortgage Loan Annual IO Debt Service.

With respect to Characteristic 81, we recomputed the Underwritten NOI Debt Yield by dividing the (i) Underwritten NOI by (ii) Mortgage Loan Cut-off Date Balance.

With respect to Characteristic 85, we recomputed the Underwritten IO NCF DSCR by dividing the (i) Underwritten NCF by (ii) Mortgage Loan Annual IO Debt Service.

With respect to Characteristic 87, we recomputed the Underwritten NCF Debt Yield by dividing the (i) Underwritten NCF by (ii) Mortgage Loan Cut-off Date Balance.

With respect to Characteristic 90, we recomputed the Major Tenant 1 % UW Base Rent by dividing the (i) Major Tenant 1 UW Base Rent by (ii) Underwritten Base Rent.

With respect to Characteristic 95, we recomputed the Major Tenant 2 % UW Base Rent by dividing the (i) Major Tenant 2 UW Base Rent by (ii) Underwritten Base Rent.

With respect to Characteristic 100, we recomputed the Major Tenant 3 % UW Base Rent by dividing the (i) Major Tenant 3 UW Base Rent by (ii) Underwritten Base Rent.

With respect to Characteristic 105, we recomputed the Major Tenant 4 % UW Base Rent by dividing the (i) Major Tenant 4 UW Base Rent by (ii) Underwritten Base Rent.

With respect to Characteristic 110, we recomputed the Major Tenant 5 % UW Base Rent by dividing the (i) Major Tenant 5 UW Base Rent by (ii) Underwritten Base Rent.

## Ex-2

**Exhibit 2**

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| | |
|:---|:---|
| &nbsp;&nbsp;![](deloittelogo.jpg) | &nbsp;&nbsp;**Deloitte & Touche LLP**<br> 3 Second Street<br> Suite 301<br> Harborside Plaza 10<br> Jersey City, NJ 07302<br> USA<br>Tel: +1 212 937 8202<br> www.deloitte.com |

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Morgan Stanley & Co. LLC

Morgan Stanley Capital I Inc.

Morgan Stanley Mortgage Capital Holdings LLC

1585 Broadway

New York, New York 10036

**Independent Accountants' Report**

**<u>on Applying Agreed-Upon Procedures</u>**

We have performed the procedures described below relating to certain information contained in a Microsoft Excel® workbook and certain information identified in the column headings "Recoveries" and "Lease End" in the Underwritten Rent Roll (as defined herein and collectively, the "Underwritten Model") in connection with the proposed offering of certain classes of BOS Trust 2026-LYRK Commercial Mortgage Pass-Through Certificates, Series 2026-LYRK. Morgan Stanley & Co. LLC, Morgan Stanley Capital I Inc. and Morgan Stanley Mortgage Capital Holdings LLC (collectively, the "Company") are responsible for the information provided to us, including the Underwritten Model.

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Underwritten Model. Additionally, Goldman Sachs Bank USA, Goldman Sachs Mortgage Company and Goldman Sachs & Co. LLC (collectively, with the Company, the "Specified Parties") have agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. 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. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

We performed certain procedures on earlier versions of the Underwritten Model and communicated differences prior to being provided the final Underwritten Model which was subjected to the procedures described below.

**<u>Procedures and Findings</u>**

On March 27, 2026, representatives of the Company provided us with the Underwritten Model containing certain information relating to one mortgage loan (the "Mortgage Loan") secured by one mortgaged property (collectively, with the Mortgage Loan, the "Mortgage Asset").

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| |
|:---|
| **Member of** |
| Deloitte Touche Tohmatsu Limited |

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From March 6, 2026 through March 31, 2026, representatives of the Company provided us with certain Source Documents (as defined in the attached Appendix A) related to the Mortgage Asset. We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Source Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Source Documents. In addition, we make no representations as to whether the Source Documents are comprehensive and valid instruments and reflect the current prevailing terms with respect to the Mortgage Asset.

At your request, using the Source Documents and assumptions and methodologies provided to us by representatives of the Company, we performed the procedures set forth on the attached Appendix B with respect to the Mortgage Asset, and found them to be in agreement.

\*\*\*\*\*\*

We make no representations as to (i) the existence of the underlying documents or data comprising the Mortgage Asset underlying the Underwritten Model or the conformity of their respective characteristics with those assumed for purposes of the procedures described herein, (ii) whether the Source Documents are comprehensive and valid instruments and reflect the current prevailing terms with respect to the Mortgage Asset, (iii) the existence or ownership of the Mortgage Asset or (iv) the reasonableness of any of the aforementioned assumptions, information or methodologies provided to us by the Company.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events or circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has 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 conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the information in the Underwritten Model. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company 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 procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the use and information of the Specified Parties and is not intended to be and should not be used by anyone other than the Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

April 10, 2026

**Appendix A**

**Source Documents**

For purposes of performing the agreed-upon procedures described herein and at your request, we relied upon the following source documents as provided to us by representatives of the Company, with respect to the Mortgage Asset (the "Source Documents"):

Borrower rent roll as of April 1, 2026 (the "Borrower Rent Roll");

ARGUS projected cashflow report for the property budget (the "ARGUS Report");

Cash flow budget worksheet for the forecasted year 1 period (the "Financials + Budget Worksheet");

Tenant leases, lease abstracts, lease summaries or lease estoppels (collectively, the "Leases");

The information set forth in the "Cashflow Notes" worksheet of the Underwritten Model (the "Underwritten Footnotes"); and

The information set forth in the "4) Rent Roll" worksheet of the Underwritten Model (the "Underwritten Rent Roll").

**Appendix B**

**Description of the Procedures**

1. Using the information set forth in the Borrower Rent Roll, we recomputed the occupancy percentage of the
Mortgage Asset as of April 1, 2026. We compared such recomputed information to the corresponding information shown under the column heading
"In-Place Underwritten" of the "1) Cash Flow" worksheet in the Underwritten Model

For purposes of our comparisons, representatives of the Company have instructed us that a variance of 0.5% or less of the respective value indicated on the Underwritten Model is deemed to be "in agreement."

2. Using the information set forth in the ARGUS Report, we recomputed the projected recoveries (as of April
1, 2026) for each of the top 5 tenants (based on underwritten base rent revenue). We compared such recomputed amounts to the corresponding
aggregate amount derived from the information shown under the column heading "Recoveries" in the Underwritten Rent Roll.

At the instruction of representatives of the Company, variances of 10% or less (with an absolute difference not to exceed $10,000) are deemed to be "in agreement."

3. For those leases comprising 80% of the aggregate base rent revenue as of April 1, 2026, we compared the
information shown under the column heading "Lease End" in the Underwritten Rent Roll to the corresponding information set
forth in or derived from the Leases.

At the instruction of representatives of the Company, differences of 90 days or less were deemed to be "in agreement."

4. Using the information set forth in the Financials + Budget Worksheet, we recomputed the aggregate real
estate tax and insurance expense, respectively, for the "In-Place UW." We compared such recomputed information to the corresponding
information shown under the column heading "In-Place Underwritten" of the "1) Cash Flow" worksheet in the Underwritten
Model

At the instruction of representatives of the Company, variances of 5% or less of the respective value indicated on the Underwritten Model (with an absolute difference not to exceed $10,000) are deemed to be "in agreement."

5. With respect to the information shown under the column heading "In-Place Underwritten" of
the "1) Cash Flow" worksheet in the Underwritten Model, we:

&nbsp;&nbsp;&nbsp;&nbsp;a. compared "Base Rental Revenue" to the aggregate IP Rent amount derived from the information
shown under the column heading "IP Rent" of the "4) Rent Roll" worksheet in the Underwritten Model

&nbsp;&nbsp;&nbsp;&nbsp;b. compared "IG Credit Rent," and "Rental Steps" to the corresponding information
set forth in or derived from the Borrower Rent Roll.

&nbsp;&nbsp;&nbsp;&nbsp;c. compared "Total Rent" to the sum of Base Rental Revenue, IG Credit Rent and Rental Steps.

&nbsp;&nbsp;&nbsp;&nbsp;d. compared "Reimbursements" to the corresponding information set forth in or derived from the
ARGUS Report.

&nbsp;&nbsp;&nbsp;&nbsp;e. compared "Hotel (CitizenM Rent, CAM, Percentage Rent)" to the corresponding information set
forth in or derived from the Financials + Budget Worksheet and ARGUS Report.

&nbsp;&nbsp;&nbsp;&nbsp;f. compared "Parking Income," to the corresponding information set forth in or derived from the
Financials + Budget Worksheet.

&nbsp;&nbsp;&nbsp;&nbsp;g. compared "Total Other Income" to the sum of Hotel (CitizenM Rent, CAM, Percentage Rent) and
Parking Income.

&nbsp;&nbsp;&nbsp;&nbsp;h. compared "Total Gross Income" to the sum of Total Rent, Reimbursements and Total Other Income.

&nbsp;&nbsp;&nbsp;&nbsp;i. compared the amount shown for each of the "Expenses" categories (except for "Management
Fees") to the corresponding information set forth in or derived from the Financials + Budget Worksheet.

&nbsp;&nbsp;&nbsp;&nbsp;j. compared "Management Fee" to the product of 2.5% and Effective Gross Income as set forth in
column heading "In-Place Underwritten" of the "1) Cash Flow" worksheet in the Underwritten Model.

&nbsp;&nbsp;&nbsp;&nbsp;k. compared "Total Reimbursable Expenses" to the sum of the amounts in the indicated Expenses
categories and Management Fee.

&nbsp;&nbsp;&nbsp;&nbsp;l. compared the amount shown for "Parking Expense" and "Air Rights Lease Rent" to
the corresponding information set forth in or derived from the Financials + Budget Worksheet.

&nbsp;&nbsp;&nbsp;&nbsp;m. compared "Total Non-Recoverable Expenses" to the sum of Parking Expense and Air Rights Lease
Rent.

&nbsp;&nbsp;&nbsp;&nbsp;n. compared "Total Expenses" to the sum of Total Reimbursable Expenses and Total Non-Recoverable
Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;o. compared "Net Operating Income" to Effective Gross Income, as set forth in column heading
"In-Place Underwritten" of the "1) Cash Flow" worksheet in the Underwritten Model, less Total Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;p. compared "Tenant Improvements" to the product of $1.61 as set forth in the Underwritten Footnotes
and the total occupied square footage of the Mortgage Asset (462,397) as derived from the Underwritten Rent Roll.

&nbsp;&nbsp;&nbsp;&nbsp;q. compared "Leasing Commissions" to the product of $1.79 as set forth in the Underwritten Footnotes
and total occupied square footage of the Mortgage Asset (462,397) as derived from the Underwritten Rent Roll.

&nbsp;&nbsp;&nbsp;&nbsp;r. compared "Capital Expenditures" to the product of $0.25 as set forth in the Underwritten Footnotes
and the total square footage of the Mortgage Asset (495,275) as set forth in the Underwritten Rent Roll.

&nbsp;&nbsp;&nbsp;&nbsp;s. compared "Net Cash Flow" to Net Operating Income less the sum of Tenant Improvements, Leasing
Commissions and Capital Expenditures.

For purposes of our comparisons in procedures 5.a. through 5.s., representatives of the Company have instructed us that variances of 3% or less of the respective value indicated on the Underwritten Model (with an absolute difference not to exceed $25,000) are deemed to be "in agreement."