# EDGAR Filing Document

**Accession Number:** 0001991416
**File Stem:** 0001539497-26-000051
**Filing Date:** 2026-1
**Character Count:** 54938
**Document Hash:** b7262fd024c4fdd0e972a4f0481d0795
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-000051.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0001539497-26-000051

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260114

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

**FILED AS OF DATE**: 20260114

**DATE AS OF CHANGE**: 20260114

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MF1 REIT III LLC
- **CENTRAL INDEX KEY:** 0001991416

**ORGANIZATION NAME:**
- **EIN:** 883356036
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06686
- **FILM NUMBER:** 26533456

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BERKSHIRE RESIDENTIAL INVESTMENT
- **STREET 2:** ONE BEACON STREET, 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108
- **BUSINESS PHONE:** 617-646-2300

**MAIL ADDRESS:**
- **STREET 1:** C/O BERKSHIRE RESIDENTIAL INVESTMENT
- **STREET 2:** ONE BEACON STREET, 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MF1 REIT III, LLC
- **DATE OF NAME CHANGE:** 20230829

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MF1 REIT III LLC
- **DATE OF NAME CHANGE:** 20230825
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MF1 REIT III LLC
- **CENTRAL INDEX KEY:** 0001991416

**ORGANIZATION NAME:**
- **EIN:** 883356036
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BERKSHIRE RESIDENTIAL INVESTMENT
- **STREET 2:** ONE BEACON STREET, 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108
- **BUSINESS PHONE:** 617-646-2300

**MAIL ADDRESS:**
- **STREET 1:** C/O BERKSHIRE RESIDENTIAL INVESTMENT
- **STREET 2:** ONE BEACON STREET, 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MF1 REIT III, LLC
- **DATE OF NAME CHANGE:** 20230829

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MF1 REIT III LLC
- **DATE OF NAME CHANGE:** 20230825
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MF1 REIT III LLC
- **CENTRAL INDEX KEY:** 0001991416

**ORGANIZATION NAME:**
- **EIN:** 883356036
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06686

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BERKSHIRE RESIDENTIAL INVESTMENT
- **STREET 2:** ONE BEACON STREET, 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108
- **BUSINESS PHONE:** 617-646-2300

**MAIL ADDRESS:**
- **STREET 1:** C/O BERKSHIRE RESIDENTIAL INVESTMENT
- **STREET 2:** ONE BEACON STREET, 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MF1 REIT III, LLC
- **DATE OF NAME CHANGE:** 20230829

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MF1 REIT III LLC
- **DATE OF NAME CHANGE:** 20230825

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

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

[_] Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________ to __________.

Date of Report (Date of earliest event reported): ____________

Commission File Number of securitizer: __________________

Central Index Key Number of securitizer: _________________

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

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

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

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

[X] Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2).

Central Index Key Number of sponsor: 0001991416

---

| |
|:---|
| &nbsp;&nbsp;**MF1 2026-FL21 LLC** |
| &nbsp;&nbsp;(Exact name of issuing entity as specified in its charter) |

---

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

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

---

| |
|:---|
| &nbsp;&nbsp;**Mary Beth Bloom, (617) 646-2300** |
| &nbsp;&nbsp;(Name and telephone number, including area code, <br> of the person to contact in connection with this filing) |

---

**INFORMATION TO BE INCLUDED IN THE REPORT**

**PART I: REPRESENTATION AND WARRANTY INFORMATION**

N/A

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

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

Attached as Exhibit 99.1 hereto is an agreed-upon procedures report, dated January 14, 2026, obtained by the sponsor, with respect to certain agreed-upon procedures performed by KPMG 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.

---

| | | | |
|:---|:---|:---|:---|
| Date: January 14, 2026 | MF1 REIT III LLC<br> (Sponsor) | MF1 REIT III LLC<br> (Sponsor) | MF1 REIT III LLC<br> (Sponsor) |
|  | By: | /s/ Jonathan Pfeil | /s/ Jonathan Pfeil |
|  |  | Name: | Jonathan Pfeil |
|  |  | Title: | Authorized Signatory |

---

**EXHIBIT INDEX**

Exhibit 99.1 Independent Accountants' Agreed-Upon Procedures Report, dated January 14, 2026, of KPMG LLP.

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](kpmglogo.jpg) |  |
|  | KPMG LLP<br> Two Manhattan West<br> 375 9th Avenue, 17th Floor<br> New York, NY 10001 |

---

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

MF1 REIT III LLC (the "Company")

Atlas SP Partners, L.P

ATLAS SP Securities, a division of Apollo Global Securities, LLC

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

Goldman Sachs & Co. LLC

Santander US Capital Markets LLC

Performance Trust Capital Partners, LLC

(collectively, the "Specified Parties")

Re: MF1 2026-FL21 LLC – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "MF1 2026-FL21 Data Tape CSR.xlsx" provided by the Company on January 14, 2026 (the "Data File"), containing information on 24 collateral interests (the "Collateral Interests") and the 35 related mortgaged properties (the "Mortgaged Properties") as of January 9, 2026 (the "Cut-off Date"), which we were informed are intended to be included as collateral in the offering by MF1 2026-FL21 LLC. The Company is responsible for the specified attributes identified by the Company in the Data File.

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

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

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

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

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

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

· The term "Loan Files" means the electronic copies of source documents provided by the Company and listed in Attachment
A. We make no representation regarding the validity or accuracy of these documents.

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

![](kpmglogo2.jpg)

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

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

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

· The term "Index Rate Assumption" means the rate of 3.800%, which we were instructed to use by the Company where applicable
in the Calculation Methodology.

· The term "Instructions" means the instructions provided by the Company pertaining to a procedure, attribute, or methodology
as described in Attachment C.

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

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

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

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

B. We recomputed the Recomputed Attributes in the Data File using (i) the corresponding information contained in the Data File, (ii)
the Calculation Methodology, and (iii) the Instructions.

We found such information to be in agreement without exception.

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

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

![](kpmglogo2.jpg)

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Collateral Interests and related Mortgaged Properties, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

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

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

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

/s/ KPMG LLP

New York, New York

January 14, 2026

**ATTACHMENT A**

**COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Cross Collateralized and Cross Defaulted Loan Flag | &nbsp;&nbsp;Cross-Collateralization Agreement, Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Specific Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Number of Units | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Title Policy, Mortgage |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Settlement Statement, Purchase and Sale Agreement |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) | &nbsp;&nbsp;Loan Agreement, Promissory Note, Title Policy |
| &nbsp;&nbsp;Mortgage Loan Initial Funded Amount ($) | &nbsp;&nbsp;Settlement Statement |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Future Funding Advance Conditions | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Mortgage Loan Balloon Balance ($) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Index | &nbsp;&nbsp;Loan Agreement, Promissory Note |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Mortgage Loan Margin | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Mortgage Loan Margin Change (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Mortgage Loan Margin Change Description | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Mortgage Loan Index Floor | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Mortgage Loan Index Cap | &nbsp;&nbsp;Rate Cap Confirmation |
| &nbsp;&nbsp;Mortgage Loan Index Cap Termination Date | &nbsp;&nbsp;Rate Cap Confirmation |
| &nbsp;&nbsp;Mortgage Loan Index Cap Provider | &nbsp;&nbsp;Rate Cap Confirmation |
| &nbsp;&nbsp;Collateral Interest Margin | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Junior Participation Balloon Payment ($) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Junior Participation Cut-off Date Margin | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Junior Participation Cut-off Date Interest Rate | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Amortization Type During Initial Term | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;ARD Loan (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Initial Maturity Date or Anticipated Repayment Date | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Extension Options (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Extension Options Description | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Amortization Type During Extensions | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;First Extension Period (months) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;First Extension Period Requirements | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;First Extension Benchmark Cap | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Second Extension Period (months) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Second Extension Period Requirements | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Second Extension Benchmark Cap | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Third Extension Period (months) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Third Extension Period Requirements | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Third Extension Benchmark Cap | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Fully Extended Maturity Date | &nbsp;&nbsp;Loan Agreement, Promissory Note |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Third Most Recent As Of Period | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Third Most Recent Revenues | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Third Most Recent Expenses | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Third Most Recent NOI | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Third Most Recent NCF | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Second Most Recent As Of Period | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Second Most Recent Revenues | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Second Most Recent Expenses | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Second Most Recent NOI | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Second Most Recent NCF | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Most Recent As Of Period | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Most Recent Revenues | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Most Recent Expenses | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Most Recent NCF | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Occupancy (%) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Revenues ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Expenses ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten NOI ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Reserves ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten NCF ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Stabilized Occupancy (%) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Stabilized Revenues ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Stabilized Expenses ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Stabilized NOI ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Stabilized Reserves ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Underwritten Stabilized NCF ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Appraisal Stabilized Occupancy (%) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Appraisal Stabilized Revenues ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Appraisal Stabilized Expenses ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Appraisal Stabilized NOI ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Appraisal Stabilized Reserves ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Appraisal Stabilized NCF ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Recourse | &nbsp;&nbsp;Guaranties, Loan Agreement |
| &nbsp;&nbsp;Recourse Provisions | &nbsp;&nbsp;Guaranties, Loan Agreement |
| &nbsp;&nbsp;Recourse Carveout Guarantor | &nbsp;&nbsp;Guaranties, Loan Agreement |
| &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;Guaranties, Loan Agreement |
| &nbsp;&nbsp;Affiliated Sponsor (Y/N) | &nbsp;&nbsp;Guaranties, Loan Agreement |
| &nbsp;&nbsp;Tenants-in-common (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note, TIC Agreement |
| &nbsp;&nbsp;Ground Lease (Y/N) | &nbsp;&nbsp;Ground Lease, Estoppel |
| &nbsp;&nbsp;Annual Ground Lease Payment ($) | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal |
| &nbsp;&nbsp;Ground Lease Initial Expiration Date | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal |
| &nbsp;&nbsp;Ground Lease Extension (Y/N) | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal |
| &nbsp;&nbsp;# of Ground Lease Extension Options | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal |
| &nbsp;&nbsp;Ground Lease Expiration Date with Extensions | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal |
| &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Environmental Report Date (Phase I) | &nbsp;&nbsp;Phase I Environmental Report |
| &nbsp;&nbsp;Environmental Report Date (Phase II) | &nbsp;&nbsp;Phase II Environmental Report |
| &nbsp;&nbsp;Environmental Insurance (Y/N) | &nbsp;&nbsp;Insurance Certificate, Loan Agreement |
| &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Seismic PML % | &nbsp;&nbsp;Seismic Report, Engineering Report |
| &nbsp;&nbsp;Seismic Insurance Obtained if PML >= 20% (Y/N) | &nbsp;&nbsp;Insurance Certificate, Seismic Report, Engineering Report |
| &nbsp;&nbsp;Lockbox Type | &nbsp;&nbsp;Loan Agreement, DACA Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Cash Management Type | &nbsp;&nbsp;Loan Agreement, Cash Management Agreement |
| &nbsp;&nbsp;Cash Management Trigger Event | &nbsp;&nbsp;Loan Agreement, Cash Management Agreement |
| &nbsp;&nbsp;Tax Escrow (Upfront) ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Tax Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Tax Escrow (Monthly)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Springing Tax Escrow Description | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Insurance Escrow (Upfront) ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Insurance Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Insurance Escrow (Monthly)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Springing Insurance Escrow Description | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Replacement Reserve (Upfront)($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Replacement Reserve (Cut-off Date)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Replacement Reserve (Monthly)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Replacement Reserve Cap($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Springing Replacement Reserve Description | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;TI/LC Reserve (Upfront) ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;TI/LC Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;TI/LC Reserve (Monthly)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;TI/LC Reserve Cap($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Springing TI/LC Reserve Description | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Environmental Reserve (Upfront) ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Environmental Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Engineering/Deferred Maintenance Escrow (Upfront) ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Engineering/Deferred Maintenance Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Debt Service Reserve (Upfront) ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Debt Service Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Debt Service Reserve (Monthly)($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Debt Service Reserve Cap($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Springing Debt Service Reserve Description | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves (Upfront)($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves (Cut-Off Date)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves (Monthly)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves Cap ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves Description | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves 2 (Upfront)($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves 2 (Cut-Off Date)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves 2 (Monthly)($) | &nbsp;&nbsp;Servicer Report, Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves 2 Cap ($) | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Other Reserves 2 Description | &nbsp;&nbsp;Settlement Statement, Loan Agreement |
| &nbsp;&nbsp;Subordinate Debt (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Subordinate Debt Type | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Subordinate Debt Margin | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Subordinate Debt Interest Rate | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Future Debt Permitted (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Permitted Future Debt Type | &nbsp;&nbsp;Loan Agreement, Promissory Note |

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**ATTACHMENT A**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Grace Period Default (Days) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Grace Period Late (Days) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Initial Prepayment Provision | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Remaining Call Protection (Cut-off Date) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Partial Release and/or Partial Prepayment (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;As-Is Appraisal Valuation Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;As-Is Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Stabilized Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Appraisal Anticipated Stabilization Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Interest Accrual Basis | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Lookback Period | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Single-Tenant (Y/N) | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Management Agreement |
| &nbsp;&nbsp;Largest Tenant Name | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Largest Tenant Square Feet | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Largest Tenant Expiration Date | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;2nd Largest Tenant Name | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;2nd Largest Tenant Square Feet | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;2nd Largest Tenant Expiration Date | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;3rd Largest Tenant Name | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;3rd Largest Tenant Square Feet | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;3rd Largest Tenant Expiration Date | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;4th Largest Tenant Name | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;4th Largest Tenant Square Feet | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;4th Largest Tenant Expiration Date | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;5th Largest Tenant Name | &nbsp;&nbsp;Underwritten Rent Roll Statement |

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**ATTACHMENT A**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;5th Largest Tenant Square Feet | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;5th Largest Tenant Expiration Date | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;First Extension Fee (%) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Second Extension Fee (%) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Third Extension Fee (%) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Exit Fee % | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Fully Extended IO Period (Initial) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Borrower | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Title Policy |
| &nbsp;&nbsp;USPAP Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;FIRREA Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Accrual Period | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Rounding Factor | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Time of Rounding (Before Spread, After Spread) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Rounding Direction | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Trended Underwritten Stabilized Occupancy (%) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Trended Underwritten Stabilized Revenues ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Trended Underwritten Stabilized Expenses ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Trended Underwritten Stabilized NOI ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Trended Underwritten Stabilized Reserves ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Trended Underwritten Stabilized NCF ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |

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**ATTACHMENT A**

**PROVIDED COMPARED ATTRIBUTES**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Collateral Interest Number | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Collateral Interest Type | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Collateral Interest Status | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;# of Properties | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Collateral Interest / Property Flag | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Collateral Interest/Mortgaged Property Name | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Pari Passu Balance in Other Securitization | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Junior Participation Cut-off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Takeout Interest Rate Assumption | &nbsp;&nbsp;Provided by the Company |

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**ATTACHMENT B**

**RECOMPUTED ATTRIBUTES**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Mortgage Loan Commitment Original Balance / Unit ($) | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) divided by Number of Units. |
| &nbsp;&nbsp;Mortgage Loan Initial Unfunded Future Funding Amount ($) | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) minus Mortgage Loan Initial Funded Amount ($). |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance / Unit ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) divided by Number of Units. |
| &nbsp;&nbsp;Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) minus Mortgage Loan Cut-off Date Balance ($). |
| &nbsp;&nbsp;Mortgage Loan Balloon Balance / Unit ($) | &nbsp;&nbsp;Mortgage Loan Balloon Balance ($) divided by Number of Units. |
| &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) multiplied by 365/360 multiplied by Mortgage Loan Cut-off Date Interest Rate. |
| &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) multiplied by 365/360 multiplied by Mortgage Loan Cut-off Date Interest Rate. |
| &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) multiplied by 365/360 multiplied by Mortgage Loan Rate Cap. |
| &nbsp;&nbsp;Aggregate Collateral Interest Cut-off Date Balance % | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) divided by the aggregate Collateral Interest Cut-off Date Balance ($) of all Collateral Interests. |
| &nbsp;&nbsp;Collateral Interest Balloon Balance ($) | &nbsp;&nbsp;Product of i) Mortgage Loan Balloon Balance ($) divided by Mortgage Loan Commitment Original Balance ($), and ii) Collateral Interest Cut-off Date Balance ($). |
| &nbsp;&nbsp;Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) minus the sum of i) Collateral Interest Cut-off Date Balance ($), ii) Junior Participation Cut-off Date Balance and iii) Pari Passu Funded Amount. |
| &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) multiplied by 365/360 multiplied by Collateral Interest Cut-off Date Interest Rate. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) multiplied by 365/360 multiplied by Collateral Interest Cut-off Date Interest Rate. |
| &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) multiplied by 365/360 multiplied by Mortgage Loan Rate Cap. |
| &nbsp;&nbsp;Pari Passu Funded Amount | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) minus Collateral Interest Cut-off Date Balance ($). |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Interest Rate | &nbsp;&nbsp; For Collateral Interests with a Rate Type of "Floating," the sum of the Mortgage Loan Margin and Index Rate Assumption rounded by the respective Rounding Factor subject to Mortgage Loan Rate Floor and Mortgage Loan Rate Cap.<br> For Collateral Interests with a Rate Type of "Fixed," source from Loan Agreement or Promissory Note. |
| &nbsp;&nbsp;Mortgage Loan Rate Cap | &nbsp;&nbsp;Mortgage Loan Margin plus Mortgage Loan Index Cap. |
| &nbsp;&nbsp;Mortgage Loan Rate Floor | &nbsp;&nbsp;Mortgage Loan Margin plus Mortgage Loan Index Floor. |
| &nbsp;&nbsp;Collateral Interest Cut-off Date Interest Rate | &nbsp;&nbsp; For Collateral Interests with a Rate Type of "Floating," the sum of the Collateral Interest Margin and Index Rate Assumption rounded by the respective Rounding Factor subject to Mortgage Loan Rate Floor and Mortgage Loan Rate Cap.<br> For Collateral Interests with a Rate Type of "Fixed," source from Loan Agreement or Promissory Note. |
| &nbsp;&nbsp;Initial IO Period | &nbsp;&nbsp;For all Collateral Interests for which Amortization Type During Initial Term is "Interest-only, Balloon", number of payments between and including the First Payment Date and the Initial Maturity Date or Anticipated Repayment Date. For all Collateral Interests for which Amortization Type During Initial Term is "Amortizing Balloon" the Initial IO Period will be 0. |
| &nbsp;&nbsp;Initial IO Period (Remaining) | &nbsp;&nbsp;Initial IO Period minus Seasoning (months). |
| &nbsp;&nbsp;Original Loan Term (Initial) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and Initial Maturity Date or Anticipated Repayment Date. |
| &nbsp;&nbsp;Original Loan Term (Remaining) | &nbsp;&nbsp;Original Loan Term (Initial) minus Seasoning (months). |
| &nbsp;&nbsp;Seasoning (months) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and Cut-off Date. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;First Extension Fee | &nbsp;&nbsp;First Extension Fee (%) multiplied by Mortgage Loan Commitment Original Balance ($). |
| &nbsp;&nbsp;First Extension Benchmark Floor | &nbsp;&nbsp;Equals the Mortgage Loan Index Floor. |
| &nbsp;&nbsp;Second Extension Fee | &nbsp;&nbsp;Second Extension Fee (%) multiplied by Mortgage Loan Commitment Original Balance ($). |
| &nbsp;&nbsp;Second Extension Benchmark Floor | &nbsp;&nbsp;Equals the Mortgage Loan Index Floor. |
| &nbsp;&nbsp;Third Extension Fee | &nbsp;&nbsp;Third Extension Fee (%) multiplied by Mortgage Loan Commitment Original Balance ($). |
| &nbsp;&nbsp;Third Extension Benchmark Floor | &nbsp;&nbsp;Equals the Mortgage Loan Index Floor. |
| &nbsp;&nbsp;Fully Extended Loan Term (Initial) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and Fully Extended Maturity Date. |
| &nbsp;&nbsp;Fully Extended Loan Term (Remaining) | &nbsp;&nbsp;Fully Extended Loan Term (Initial) minus Seasoning (months). |
| &nbsp;&nbsp;Mortgage Loan Most Recent NOI DSCR | &nbsp;&nbsp;Most Recent NOI divided by Mortgage Loan Annual Debt Service Payment (P&I) ($). |
| &nbsp;&nbsp;Mortgage Loan Most Recent NCF DSCR | &nbsp;&nbsp;Most Recent NCF divided by Mortgage Loan Annual Debt Service Payment (P&I) ($). |
| &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | &nbsp;&nbsp;Most Recent NOI divided by Mortgage Loan Cut-off Date Balance ($). |
| &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NCF Debt Yield | &nbsp;&nbsp;Most Recent NCF divided by Mortgage Loan Cut-off Date Balance ($). |
| &nbsp;&nbsp;Collateral Interest Most Recent NOI DSCR | &nbsp;&nbsp;Set to equal Mortgage Loan Most Recent NOI DSCR. |
| &nbsp;&nbsp;Collateral Interest Most Recent NCF DSCR | &nbsp;&nbsp;Set to equal Mortgage Loan Most Recent NCF DSCR. |
| &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NOI Debt Yield | &nbsp;&nbsp;Set to equal Cut-off Date Mortgage Loan Most Recent NOI Debt Yield. |
| &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NCF Debt Yield | &nbsp;&nbsp;Set to equal Cut-off Date Mortgage Loan Most Recent NCF Debt Yield. |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Underwritten NOI ($) divided by Mortgage Loan Annual Debt Service Payment (P&I) ($). |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Underwritten NCF ($) divided by Mortgage Loan Annual Debt Service Payment (P&I) ($). |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Underwritten NOI ($) divided by Mortgage Loan Cut-off Date Balance ($). |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Underwritten NCF ($) divided by Mortgage Loan Cut-off Date Balance ($). |
| &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Set to equal Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR. |
| &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Set to equal Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR. |
| &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Set to equal Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield. |
| &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Set to equal Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield. |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Underwritten Stabilized NOI ($) divided by the product of i) Takeout Interest Rate Assumption, ii) Mortgage Loan Balloon Balance ($), and iii) 365/360. |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Underwritten Stabilized NCF ($) divided by the product of i) Takeout Interest Rate Assumption, ii) Mortgage Loan Balloon Balance ($), and iii) 365/360. |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Underwritten Stabilized NOI ($) divided by Mortgage Loan Balloon Balance ($). |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Underwritten Stabilized NCF ($) divided by Mortgage Loan Balloon Balance ($). |
| &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR. |
| &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR. |
| &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield. |
| &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield. |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Appraisal Stabilized NOI ($) divided by the product of i) Takeout Interest Rate Assumption, ii) Mortgage Loan Balloon Balance ($), and iii) 365/360. |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Appraisal Stabilized NCF ($) divided by the product of i) Takeout Interest Rate Assumption, ii) Mortgage Loan Balloon Balance ($), and iii) 365/360. |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NOI ($) divided by Mortgage Loan Balloon Balance ($). |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NCF ($) divided by Mortgage Loan Balloon Balance ($). |
| &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR. |
| &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR. |
| &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield. |
| &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Set to equal Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield. |
| &nbsp;&nbsp;Total Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) plus Subordinate Debt Cut-off Date Balance ($). |
| &nbsp;&nbsp;Total Debt Cut-off Date As-Is LTV | &nbsp;&nbsp;Total Debt Cut-off Date Balance ($) divided by As-Is Appraised Value ($). |
| &nbsp;&nbsp;Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Underwritten NCF ($) divided by the sum of (a) Mortgage Loan Annual Debt Service Payment (IO) ($) and (b) product of i) Subordinate Debt Cut-off Date Balance ($), ii) Subordinate Debt Interest Rate, and iii) 365/360, subject to any mezzanine interest rate cap in place. |
| &nbsp;&nbsp;Total Debt Cut-off Date UW NOI DY | &nbsp;&nbsp;Underwritten NOI ($) divided by Total Debt Cut-off Date Balance ($). |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) divided by As-Is Appraised Value ($). |
| &nbsp;&nbsp;Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) divided by Stabilized Appraised Value ($). |
| &nbsp;&nbsp;Collateral Interest Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Set to equal Mortgage Loan Cut-off Date As-Is LTV Ratio. |
| &nbsp;&nbsp;Collateral Interest Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Set to equal Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio. |
| &nbsp;&nbsp;Largest Tenant Square Feet % | &nbsp;&nbsp;Largest Tenant Square Feet divided by Number of Units. |
| &nbsp;&nbsp;2nd Largest Tenant Square Feet % | &nbsp;&nbsp;2nd Largest Tenant Square Feet divided by Number of Units. |
| &nbsp;&nbsp;3rd Largest Tenant Square Feet % | &nbsp;&nbsp;3rd Largest Tenant Square Feet divided by Number of Units. |
| &nbsp;&nbsp;4th Largest Tenant Square Feet % | &nbsp;&nbsp;4th Largest Tenant Square Feet divided by Number of Units. |
| &nbsp;&nbsp;5th Largest Tenant Square Feet % | &nbsp;&nbsp;5th Largest Tenant Square Feet divided by Number of Units. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Exit Fee ($) | &nbsp;&nbsp;Exit Fee % multiplied by Mortgage Loan Commitment Original Balance ($). |
| &nbsp;&nbsp;Fully Extended IO Period (Remaining) | &nbsp;&nbsp;Fully Extended IO Period (Initial) minus Seasoning (months). |
| &nbsp;&nbsp;Trended Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Trended Underwritten Stabilized NOI ($) divided by the product of i) Takeout Interest Rate Assumption, ii) Mortgage Loan Balloon Balance ($), and iii) 365/360. |
| &nbsp;&nbsp;Trended Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Trended Underwritten Stabilized NCF ($) divided by the product of i) Takeout Interest Rate Assumption, ii) Mortgage Loan Balloon Balance ($), and iii) 365/360. |
| &nbsp;&nbsp;Trended Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Trended Underwritten Stabilized NOI ($) divided by Mortgage Loan Balloon Balance ($). |
| &nbsp;&nbsp;Trended Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Trended Underwritten Stabilized NCF ($) divided by Mortgage Loan Balloon Balance ($). |
| &nbsp;&nbsp;Trended Collateral Interest Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Set to equal Trended Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR. |
| &nbsp;&nbsp;Trended Collateral Interest Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Set to equal Trended Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR. |
| &nbsp;&nbsp;Trended Collateral Interest Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Set to equal Trended Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield. |
| &nbsp;&nbsp;Trended Collateral Interest Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Set to equal Trended Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield. |

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**ATTACHMENT C**

**INSTRUCTIONS**

1. For those Compared Attributes or Recomputed Attributes with the Source Document(s) or Instruction indicated as "Provided by
the Company" we were instructed by the Company to assume the attribute is accurate and not perform any procedure.

2. The Collateral Interests with Collateral Interest/Mortgaged Property Names equal to The Beacon at 331, ICON Austin, Greenhouse Short
North, Millers at Elyson, Nova Central, Stratford Arms and FOUND Study Chelsea were not closed as of the date of this report. Therefore,
we were not provided the final Promissory Note, Loan Agreement, Settlement Statement, Title Policy, Guaranties, Management Agreement,
TIC Agreement, Cash Management Agreement, Interest Rate Cap Confirmation, Appraisal Report, Engineering Report, Phase I Environmental
Report, Phase II Environmental Report, Company Underwritten Cash Flow Statement, Underwritten Rent Roll, Certified Rent Roll, or other
Source Document(s) and we were instructed by the Company to assume that all "Compared Attributes" relating to these Collateral
Interests and related Mortgaged Properties are accurate and not to perform any comparison procedure.

3. We were instructed by the Company to follow the instructions listed below pertaining to the applicable Collateral Interests and related
Mortgaged Properties and Compared or Recomputed Attribute(s):

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Collateral Interest/Mortgaged Property Name(s)** | &nbsp;&nbsp;**Compared or Recomputed Attribute(s)** | &nbsp;&nbsp;**Company Instruction** |
| &nbsp;&nbsp;The Legacy Portfolio; The Baltic; The Beacon at 331; Prose North West; Greenhouse Short North; Bela Flor Portfolio; Millers at Elyson | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR; Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR; Collateral Interest Cut-off Date Balance Underwritten NOI DSCR; Collateral Interest Cut-off Date Balance Underwritten NCF DSCR; Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;ICON Austin | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR; Collateral Interest Cut-off Date Balance Underwritten NCF DSCR; Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;The Westline; Millers at Elyson | Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR; Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR; Collateral Interest Cut-off Date Balance Underwritten NOI DSCR; Collateral Interest Cut-off Date Balance Underwritten NCF DSCR; Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;The Westline; Millers at Elyson | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield; Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield; Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield; Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Set to N/A |
| &nbsp;&nbsp;The Legacy Portfolio | &nbsp;&nbsp;Subordinate Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Provided by the Company |

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