# EDGAR Filing Document

**Accession Number:** 0001838077
**File Stem:** 0001539497-26-000825
**Filing Date:** 2026-3
**Character Count:** 54374
**Document Hash:** 6ed1b7cba17aeddfafc8ce174dd6a29e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-000825.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001539497-26-000825

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260302

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

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barings Real Estate Debt Income Fund LP
- **CENTRAL INDEX KEY:** 0001838077

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

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08285
- **FILM NUMBER:** 26708967

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BARINGS
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** (860) 509-2292

**MAIL ADDRESS:**
- **STREET 1:** C/O BARINGS
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barings Real Estate Debt Income Fund LP
- **CENTRAL INDEX KEY:** 0001838077

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

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

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BARINGS
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** (860) 509-2292

**MAIL ADDRESS:**
- **STREET 1:** C/O BARINGS
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barings Real Estate Debt Income Fund LP
- **CENTRAL INDEX KEY:** 0001838077

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

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08285

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BARINGS
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** (860) 509-2292

**MAIL ADDRESS:**
- **STREET 1:** C/O BARINGS
- **STREET 2:** 300 SOUTH TRYON STREET, SUITE 2500
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

**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:

☐<br> Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________ to __________.

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

Commission File Number of securitizer: ___________

Central Index Key Number of securitizer: ___________

(Name and telephone number, including area code, <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): ☐

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

Central Index Key Number of sponsor: 0001838077

**BAR 2026-FL1 Issuer LLC**

(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): ____________

**John Phillips, (413) 627-1512**

(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 Independent Accountants' Agreed-Upon Procedures Report, dated March 2, 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: March 2, 2026 | BARINGS REAL ESTATE DEBT INCOME FUND LP, a Delaware limited partnership<br> (Sponsor) | BARINGS REAL ESTATE DEBT INCOME FUND LP, a Delaware limited partnership<br> (Sponsor) | BARINGS REAL ESTATE DEBT INCOME FUND LP, a Delaware limited partnership<br> (Sponsor) |
|  | By: | BREDIF GP LLC, its general partner | BREDIF GP LLC, its general partner |
|  | By: | BARINGS LLC, its sole member | BARINGS LLC, its sole member |
|  | By: | /s/ John J. Phillips | /s/ John J. Phillips |
|  |  | Name: | John J. Phillips |
|  |  | Title: | Managing Director |

---

**EXHIBIT INDEX**

Exhibit 99.1 Independent Accountants' Agreed-Upon Procedures Report, dated March 2, 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**

Barings Real Estate Debt Income Fund LP (the "Company")<br> Wells Fargo Securities, LLC<br> Morgan Stanley & Co. LLC<br> J.P. Morgan Securities LLC<br> Capital One Securities, Inc.<br> (collectively, the "Specified Parties")

Re: BAR 2026-FL1 Issuer LLC – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "BAR 2026-FL1 Accounting Tape.xlsx" provided by the Company on March 2, 2026 (the "Data File"), containing information on 20 collateral interests (the "Collateral Interests") and the 21 related mortgaged properties (the "Mortgaged Properties") as of March 10, 2026 (the "Cut-off Date"), which we were informed are intended to be included as collateral in the offering by BAR 2026-FL1 Issuer 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.

· 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.

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

![](kpmglogo2.jpg)

· 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 Term SOFR rate of 3.6700% 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, Index Rate Assumption, Calculation Methodology, 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 for all Collateral Interests and related Mortgaged Properties in the Data File 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. 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.

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.

![](kpmglogo2.jpg)

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<br> March 2, 2026

ATTACHMENT A

**COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | **Source Document(s)** |
| &nbsp;&nbsp;Cross Collateralized and Cross Defaulted Loan Flag | &nbsp;&nbsp;Loan Agreement |
| &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, Engineering Report |
| &nbsp;&nbsp;Specific Property Type | &nbsp;&nbsp;Appraisal Report, Engineering Report |
| &nbsp;&nbsp;Number of Units | &nbsp;&nbsp;Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll, Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll, Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll, Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwritten Rent Roll Statement, Unit Mix Summary, Certified Rent Roll, Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Title Policy, Deed of Trust, Promissory Note |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Settlement Statement, Purchase and Sale Agreement, Asset Summary Report |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Mortgage Loan Initial Funded Amount ($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) | &nbsp;&nbsp;Servicer Report, Servicing Screenshot, Loan Agreement, Settlement Statement |

---

ATTACHMENT A

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | **Source Document(s)** |
| &nbsp;&nbsp;Future Funding Advance Conditions | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Index | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Margin | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Margin Change (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Margin Change Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Index Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Index Cap | &nbsp;&nbsp;Interest Rate Cap Confirmation |
| &nbsp;&nbsp;Mortgage Loan Index Cap Termination Date | &nbsp;&nbsp;Interest Rate Cap Confirmation |
| &nbsp;&nbsp;Mortgage Loan Index Cap Provider | &nbsp;&nbsp;Interest Rate Cap Confirmation |
| &nbsp;&nbsp;Collateral Interest Margin | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Amortization Type During Initial Term | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;ARD Loan (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Initial Maturity Date or Anticipated Repayment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Extension Options (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Extension Options Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Amortization Type During Extensions | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;First Extension Period (months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;First Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;First Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Second Extension Period (months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Second Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Second Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Third Extension Period (months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Third Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Third Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Fully Extended Maturity Date | &nbsp;&nbsp;Loan Agreement |

---

ATTACHMENT A

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | **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** | **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 ($) | &nbsp;&nbsp;Company Underwritten Cash Flow Statement |
| &nbsp;&nbsp;Recourse | &nbsp;&nbsp;Guaranty, Loan Agreement |
| &nbsp;&nbsp;Recourse Provisions | &nbsp;&nbsp;Guaranty, Loan Agreement |
| &nbsp;&nbsp;Recourse Carveout Guarantor | &nbsp;&nbsp;Guaranty |
| &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;Loan Agreement, Guaranty, Organization Chart |
| &nbsp;&nbsp;Affiliated Sponsor (Y/N) | &nbsp;&nbsp;Guaranty, Loan Agreement |
| &nbsp;&nbsp;Tenants-in-common (Y/N) | &nbsp;&nbsp;Loan Agreement, Promissory Note |
| &nbsp;&nbsp;Ground Lease (Y/N) | &nbsp;&nbsp;Ground Lease, Estoppel |
| &nbsp;&nbsp;Annual Ground Lease Payment ($) | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal Report |
| &nbsp;&nbsp;Ground Lease Initial Expiration Date | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal Report |
| &nbsp;&nbsp;Ground Lease Extension (Y/N) | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal Report |
| &nbsp;&nbsp;# of Ground Lease Extension Options | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal Report |
| &nbsp;&nbsp;Ground Lease Expiration Date with Extensions | &nbsp;&nbsp;Ground Lease, Estoppel, Appraisal Report |
| &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 |
| &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;Seismic Report, Engineering Report, Insurance Certificate |
| &nbsp;&nbsp;Lockbox Type | &nbsp;&nbsp;Cash Management Agreement, Loan Agreement |
| &nbsp;&nbsp;Cash Management Type | &nbsp;&nbsp;Cash Management Agreement, Loan Agreement |

---

ATTACHMENT A

---

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

---

ATTACHMENT A

---

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

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ATTACHMENT A

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | **Source Document(s)** |
| &nbsp;&nbsp;Permitted Future Debt Type | &nbsp;&nbsp;Loan Agreement, Mezzanine Loan Agreement, Subordinate Debt Loan Agreement, B Note |
| &nbsp;&nbsp;Grace Period Default (Days) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Grace Period Late (Days) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Initial Prepayment Provision | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Remaining Call Protection (Cut-off Date) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Partial Release and/or Partial Prepayment (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &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 |
| &nbsp;&nbsp;Lookback Period | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Single-Tenant (Y/N) | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Management Agreement, Loan 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 |

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ATTACHMENT A

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | **Source Document(s)** |
| &nbsp;&nbsp;5th Largest Tenant Name | &nbsp;&nbsp;Underwritten Rent Roll Statement |
| &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;Assumed Loan (Y/N) | &nbsp;&nbsp;Promissory Note, Loan Agreement |
| &nbsp;&nbsp;Borrower Name | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Lender | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;First Extension Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Second Extension Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Third Extension Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Exit Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;ARD Mortgage Rate After ARD and extension periods | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Rate Step Up Post ARD Commencement Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;ARD Loan Fully Extended Maturity Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Interest Rate Change | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Partial Release and/or Prepayment Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Amort Number of Months | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;USPAP Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;FIRREA Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Title Policy |
| &nbsp;&nbsp;Number of TICs | &nbsp;&nbsp;TIC Agreement, Loan Agreement |
| &nbsp;&nbsp;Single Purpose Borrower (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Independent Director (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Borrower Non Consolidation Opinion (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;DST (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;IDOT (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Index Cap Notional Amount | &nbsp;&nbsp;Interest Rate Cap Confirmation |

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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;Collateral Interest / Property Flag | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;# of Properties | &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 ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Pari Passu Balance in Other Securitization | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Junior Participation Cut-off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Junior Participation Balloon Payment ($) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Junior Participation Cut-off Date Margin | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Stabilized Value Used For As-Is LTV (Y/N) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Loan Cross Portfolio Name | &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 ($) | &nbsp;&nbsp;Set to equal Mortgage Loan Commitment Original Balance ($) |
| &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) ($) | &nbsp;&nbsp;Product of Mortgage Loan Cut-off Date Balance ($), Mortgage Loan Cut-off Date Interest Rate and 365/360 |
| &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;For any collateral interest for which Amortization Type During Initial Term is "Interest Only," set to equal Mortgage Loan Annual Debt Service Payment (IO) ($). For any other collateral interest, source from amortization schedule. |
| &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Product of Mortgage Loan Cut-off Date Balance ($), Mortgage Loan Rate Cap and 365/360 |
| &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 ($) | &nbsp;&nbsp;Set to equal Collateral Interest Cut-off Date Balance ($) |
| &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 ($), (ii) Junior Participation Balloon Payment ($) and (iii) Pari Passu Funded Amount |
| &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Product of Collateral Interest Cut-off Date Balance ($), Collateral Interest Cut-off Date Interest Rate and 365/360 |

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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) ($) | &nbsp;&nbsp;For any collateral interest for which Amortization Type During Initial Term is "Interest Only," set to equal Collateral Interest Annual Debt Service Payment (IO) ($). For any other collateral interest, source from amortization schedule. |
| &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Product of Collateral Interest Cut-off Date Balance ($), Mortgage Loan Rate Cap and 365/360 |
| &nbsp;&nbsp;Pari Passu Funded Amount | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) minus Collateral Interest Cut-off Date Balance ($) minus Junior Participation Cut-off Date Balance |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Interest Rate | &nbsp;&nbsp;The sum of the Mortgage Loan Margin and Index Rate Assumption rounded by the respective rounding factor as sourced from the Loan Agreement, subject to the Mortgage Loan Rate Floor |
| &nbsp;&nbsp;Mortgage Loan Rate Cap | &nbsp;&nbsp;Mortgage Loan Margin plus Mortgage Loan Index Cap if applicable |
| &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;The sum of the Collateral Interest Margin and Index Rate Assumption rounded by the respective rounding factor as sourced from the Loan Agreement, subject to the Mortgage Loan Rate Floor |
| &nbsp;&nbsp;Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | &nbsp;&nbsp;Junior Participation Balloon Payment ($) minus Junior Participation Cut-off Date Balance |
| &nbsp;&nbsp;Junior Participation Cut-off Date Interest Rate | &nbsp;&nbsp;The sum of the Junior Participation Cut-off Date Margin and Index Rate Assumption rounded by the respective rounding factor as sourced from the Loan Agreement, subject to the Mortgage Loan Rate Floor |
| &nbsp;&nbsp;Initial IO Period | &nbsp;&nbsp;For any collateral interest for which Amortization Type During Initial Term is "Interest Only," number of payments between and including the First Payment Date and the Initial Maturity Date or Anticipated Repayment Date. For any collateral interest 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) subject to a minimum of 0 |

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ATTACHMENT B

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &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 the First Payment Date and Cut-off Date, subject to a minimum of 0 |
| &nbsp;&nbsp;First Extension Fee | &nbsp;&nbsp;First Extension Fee % multiplied by Mortgage Loan Commitment Original Balance ($) |
| &nbsp;&nbsp;First Extension Floor | &nbsp;&nbsp;Equals the Mortgage Loan Index Floor |
| &nbsp;&nbsp;Second Extension Fee | &nbsp;&nbsp;Second Extension Fee % multiplied by Mortgage Loan Commitment Original Balance ($) |
| &nbsp;&nbsp;Second Extension 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 ($) |
| &nbsp;&nbsp;Third Extension Floor | &nbsp;&nbsp;Equals the Mortgage Loan Index Floor |
| &nbsp;&nbsp;Fully Extended Loan Term (Initial) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and Fully Extended Maturity Date |
| &nbsp;&nbsp;Fully Extended Loan Term (Remaining) | &nbsp;&nbsp;Fully Extended Loan Term (Initial) minus Seasoning (months) |
| &nbsp;&nbsp;Mortgage Loan Most Recent NOI DSCR | &nbsp;&nbsp;Most Recent NOI divided by the lesser of Mortgage Loan Annual Debt Service Payment (IO) ($) and Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| &nbsp;&nbsp;Mortgage Loan Most Recent NCF DSCR | &nbsp;&nbsp;Most Recent NCF divided by the lesser of Mortgage Loan Annual Debt Service Payment (IO) ($) and Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | &nbsp;&nbsp;Most Recent NOI divided by Mortgage Loan Cut-off Date Balance ($) |
| &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 |

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ATTACHMENT B

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &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 ($) divided by the lesser of Mortgage Loan Annual Debt Service Payment (IO) ($) and Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Underwritten NCF ($) divided by the lesser of Mortgage Loan Annual Debt Service Payment (IO) ($) and Mortgage Loan Annual Debt Service Payment (Cap) ($) |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Underwritten NOI ($) divided by Mortgage Loan Cut-off Date Balance ($) |
| &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 ($) divided by the product of (i) the lesser of Mortgage Loan Cut-off Date Interest Rate and Mortgage Loan Rate Cap, (ii) Mortgage Loan Commitment Original Balance ($), and (iii) 365/360 |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Underwritten Stabilized NCF ($) divided by the product of (i) the lesser of Mortgage Loan Cut-off Date Interest Rate and Mortgage Loan Rate Cap, (ii) Mortgage Loan Commitment Original Balance ($), 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 ($) divided by Mortgage Loan Balloon Balance ($) |

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ATTACHMENT B

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &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 ($) divided by the product of (i) the lesser of Mortgage Loan Cut-off Date Interest Rate and Mortgage Loan Rate Cap, (ii) Mortgage Loan Commitment Original Balance ($), and (iii) 365/360 |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Appraisal Stabilized NCF ($) divided by the product of (i) the lesser of Mortgage Loan Cut-off Date Interest Rate and Mortgage Loan Rate Cap, (ii) Mortgage Loan Commitment Original Balance ($), and (iii) 365/360 |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NOI ($) divided by Mortgage Loan Commitment Original Balance ($) |
| &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NCF ($) divided by Mortgage Loan Commitment Original Balance ($) |
| &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;Subordinate Debt Interest Rate | &nbsp;&nbsp;The sum of Index Rate Assumption and Subordinate Debt Margin, subject to mezzanine index floor |
| &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 ($) |

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ATTACHMENT B

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Underwritten NCF ($) divided by the sum of (a) the lesser of Mortgage Loan Annual Debt Service Payment (IO) ($) and Mortgage Loan Annual Debt Service Payment (Cap) ($) and (b) the product of (i) Subordinate Debt Cut-off Date Balance ($), (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 |
| &nbsp;&nbsp;Exit Fee ($) | &nbsp;&nbsp;Exit Fee % multiplied by Mortgage Loan Commitment Original Balance ($) |
| &nbsp;&nbsp;Cut-off Date Total Debt Ann Debt Service ($) | &nbsp;&nbsp;The sum of (i) the product of Mortgage Loan Cut-off Date Balance ($), Mortgage Loan Cut-off Date Interest Rate and 365/360 and (ii) the product of Subordinate Debt Cut-off Date Balance ($), Subordinate Debt Interest Rate and subordinate debt interest accrual basis as sourced from the Loan Agreement, Mezzanine Loan Agreement, Subordinate Debt Loan Agreement, or B Note |

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ATTACHMENT C

**INSTRUCTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;1. For those Compared Attributes or Recomputed Attributes with the Source Document 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.

&nbsp;&nbsp;&nbsp;&nbsp;2. We were instructed by the Company to follow the instructions listed below pertaining to the applicable Collateral Interests and Mortgaged
Properties and Compared Attributes or Recomputed Attribute(s):

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Collateral Interest/Mortgaged Property Name(s)** | &nbsp;&nbsp;**Compared Attribute(s) or Recomputed Attribute(s)** | &nbsp;&nbsp;**Company Instruction** |
| &nbsp;&nbsp;520-524 Broadway | &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Set to Retail |
| &nbsp;&nbsp;520-524 Broadway | &nbsp;&nbsp;Specific Property Type | &nbsp;&nbsp;Set to Unanchored |
| &nbsp;&nbsp;535 W 43rd Street; Smoky Hollow; Deco 969; Frisco Trade Center; Chill Denton; Tracy 205; Ascent MKE; JFK Logistics; Generation Park; 440 S Church | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR; Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;Frisco Trade Center; Tracy 205; Generation Park | &nbsp;&nbsp;Underwritten Occupancy (%);Underwritten Revenues ($);Underwritten Expenses ($);Underwritten NOI ($);Underwritten Reserves ($);Underwritten NCF ($);Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield; Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield; Total Debt Cut-off Date UW NOI DY | &nbsp;&nbsp;Set to N/A |
| &nbsp;&nbsp;Renaissance Boston Seaport Hotel; Airway Commerce Center | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Set to 1.00x |

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ATTACHMENT C

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Collateral Interest/Mortgaged Property Name(s)** | &nbsp;&nbsp;**Compared Attribute(s) or Recomputed Attribute(s)** | &nbsp;&nbsp;**Company Instruction** |
| &nbsp;&nbsp;One Market Square | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR; Fully Funded Mortgage Loan; Underwritten Stabilized NCF DSCR; Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield; Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield; Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR; Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR; Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield; Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield; Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Remove $1,525,000 from the Mortgage Loan Commitment Original Balance ($) as part of the Calculation Methodology |
| &nbsp;&nbsp;Ascent MKE | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR; Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;Alloy Innovation Center | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;535 W 43rd Street; Smoky Hollow; Deco 969; Royal Crest; Renaissance Boston Seaport Hotel; Airway Commerce Center; Frisco Trade Center; Chill Denton; Ascent MKE; JFK Logistics; Generation Park; 440 S Church | &nbsp;&nbsp;Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;440 S Church | &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Set to Fee |
| &nbsp;&nbsp;Smoky Hollow; Deco 969 | &nbsp;&nbsp;Borrower Non Consolidation Opinion (Y/N) | &nbsp;&nbsp;Set to Yes |

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