# EDGAR Filing Document

**Accession Number:** 0002063471
**File Stem:** 0001539497-26-001212
**Filing Date:** 2026-4
**Character Count:** 73408
**Document Hash:** c2e4713f3a8ad17cc5f9ee0211ba221c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-001212.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001539497-26-001212

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260424

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

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VMC CRE Master Lending Sub REIT LLC
- **CENTRAL INDEX KEY:** 0002063471

**ORGANIZATION NAME:**
- **EIN:** 333976567
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07654
- **FILM NUMBER:** 26893179

**BUSINESS ADDRESS:**
- **STREET 1:** 350 N 5TH STREET, SUITE 800
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** (952) 893-1554

**MAIL ADDRESS:**
- **STREET 1:** 350 N 5TH STREET, SUITE 800
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VMC CRE Master Lending Sub REIT LLC
- **CENTRAL INDEX KEY:** 0002063471

**ORGANIZATION NAME:**
- **EIN:** 333976567
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 350 N 5TH STREET, SUITE 800
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** (952) 893-1554

**MAIL ADDRESS:**
- **STREET 1:** 350 N 5TH STREET, SUITE 800
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VMC CRE Master Lending Sub REIT LLC
- **CENTRAL INDEX KEY:** 0002063471

**ORGANIZATION NAME:**
- **EIN:** 333976567
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07654

**BUSINESS ADDRESS:**
- **STREET 1:** 350 N 5TH STREET, SUITE 800
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** (952) 893-1554

**MAIL ADDRESS:**
- **STREET 1:** 350 N 5TH STREET, SUITE 800
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549** 

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER<br> Report Pursuant to Section 15G of** 

**the Securities Exchange Act of 1934**

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

[_] <br> Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________________ to _________________

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

Name and telephone number, including area code, of the person to

contact in connection with this filing

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

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

Central Index Key Number of depositor: 0002063471

VMC Finance 2026-FL6 LLC

(Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): <u>Not applicable</u> 

Central Index Key Number of underwriter (if applicable): <u>Not applicable</u> 

Melissa Band, (646) 968-3237

Name and telephone number, including area code, of the person to

contact in connection with this filing

**INFORMATION TO BE INCLUDED IN THE REPORT**

**FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

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

Attached as <u>Exhibit 1</u> hereto is an Independent Accountants' Report on Applying Agreed-Upon Procedures, dated April 24, 2026, of Deloitte & Touche LLP, obtained by the addressee thereof, which report sets forth the findings and conclusions, as applicable, of Deloitte & Touche LLP with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

**SIGNATURES**

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

---

| | | | |
|:---|:---|:---|:---|
| Date: April 24, 2026 | VMC CRE Master Lending Sub REIT LLC | VMC CRE Master Lending Sub REIT LLC | VMC CRE Master Lending Sub REIT LLC |
|  | By: | Värde Partners, Inc., its Manager | Värde Partners, Inc., its Manager |
|  | By: | /s/ Melissa Band | /s/ Melissa Band |
|  |  | Name: | Melissa Band |
|  |  | Title: | Managing Director |

---

Exhibit 1 Independent Accountants' Report on Applying Agreed-Upon Procedures, dated April 24, 2026, of Deloitte & Touche LLP.

## Ex-1

**Exhibit 1**

---

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

---

Värde Partners, Inc.<br> 350 North Fifth Street, Suite 800 Minneapolis, Minnesota 55401

**Independent Accountants' Report**

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

We have performed the procedures described below relating to a pool of commercial mortgage assets expected to be included as collateral for the proposed offering of VMC Finance 2026-FL6 LLC, Secured Floating Rate Notes. Värde Partners, Inc. (the **"Company"**) is responsible for the information provided to us, including the information set forth in the Data File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Data File. Additionally, Wells Fargo Securities, LLC, ATLAS SP Securities, a division of Apollo Global Securities, LLC, Atlas SP Partners, L.P., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, (collectively with the Company, the **"Specified Parties"**) have agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

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

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

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

On April 24, 2026, representatives of the Company provided us with a computer-generated mortgage asset data file and related record layout (the **"Data File"**) containing certain information with respect to 18 commercial mortgage assets secured by 40 mortgaged properties (the **"Collateral Interests"**).

From March 18, 2026 through April 23, 2026, representatives of the Company provided us with certain loan and property documentation (the **"Source Documents"** as listed in the attached Appendix A) related to Collateral Interests.

---

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

---

At your request, for each of the Collateral Interests set forth on the Data File, we compared certain characteristics set forth on the Data File (the **"Characteristics"** as listed in Appendix A), except for those Characteristics indicated on Appendix A or identified on Appendix A as "None – Company Provided" or "Not Applicable," to the corresponding information set forth on or derived from the corresponding Source Documents and found them to be in agreement. Further, we did not perform any procedures with respect to the Collateral Interests identified on the Data File as "Urbana" and "Wonderland and Katz on Main."

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

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

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

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

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

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

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

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

Yours truly,

/s/ Deloitte & Touche LLP

April 24, 2026

**<u>Appendix A</u>**

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

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

· Loan agreement, promissory note, notice of interest rate change, management agreement,
participation agreement, draft participation agreement, Iron65 draft loan modification agreement or servicer billing statements (collectively,
the **"Loan Agreement"**);

· Mezzanine loan agreement and mezzanine promissory note (collectively, the **"Mezzanine Loan Agreement"**);

· Interest rate cap agreement (the **"Interest Rate Cap Agreement"**);

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

· Borrower rent roll, underwritten rent roll, tenant lease, lease abstract, lease
summary or lease estoppel (collectively, the **"Rent Roll"**);

· The ASR or AMR (collectively, the **"Asset Summary Report"**);

· The settlement or closing statement (collectively, the **"Settlement Statement"**);

· Bloomberg ratings screen printouts (the **"Ratings Screenshots"**);

· Electronic Underwritten Model (the **"Underwriting Model"**);

· Title policy or pro-forma title policy (collectively, the **"Title Policy"**);

· The guaranty agreement or environmental indemnity agreement (collectively, the **"Guaranty"**);

· Cash management agreement and/or lockbox agreement (collectively, the **"CMA"**);

· Servicer report and record and provided electronic file (collectively, the **"Servicer Report"**);

· Property condition report or draft property condition report (collectively, the **"Property Condition Report"**);

· Environmental Site Assessment Phase I environmental report or draft Environmental
Site Assessment Phase I environmental report (collectively, the **"ESA Phase I Report"**);

· Seismic report or draft seismic report (collectively, the **"Seismic Report"**);

· Property Hazard and Liability Insurance Certificate (the **"Insurance Certificate"**);

· STR Global's Monthly STAR Report (the **"STR Report"**);

· Property management agreement (the **"Management Agreement"**);
and

· Non-consolidation opinion letter (the **"Non-Consolidation Opinion"**).

**<u>CHARACTERISTICS</u>**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Loan Number | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Closing Status | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;Loan Type | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Collateral Interest Type | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;Collateral Interest Status | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;6 | &nbsp;&nbsp;Collateral Interest / Property Flag | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;7 | &nbsp;&nbsp;# of Properties | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;8 | &nbsp;&nbsp;Property Name | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;Property Address | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Property City | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Property State | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Property Zip Code | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;13 | &nbsp;&nbsp;Property County | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;14 | &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;17 | &nbsp;&nbsp;Specific Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;No of Units | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Occupancy % | &nbsp;&nbsp;Rent Roll/STR Report |
| &nbsp;&nbsp;21 | &nbsp;&nbsp;Occupancy Source Date | &nbsp;&nbsp;Rent Roll/STR Report |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Loan Purpose (Acquisition, Refinance, DPO) | &nbsp;&nbsp;Settlement Statement |
| &nbsp;&nbsp;23 | &nbsp;&nbsp;Assumed Loan (Y/N) | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;Borrower Name | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Principals (Individuals) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;26 | &nbsp;&nbsp;Related Borrower (Y/N) | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;27 | &nbsp;&nbsp;Annual Debt Service Payment (IO) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Annual Debt Service Payment (P&I) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;29 | &nbsp;&nbsp;Annual Debt Service Payment (Cap) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Commitment Original Balance ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Commitment Original Balance / Unit ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Initial Funded Amount ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Initial Unfunded Future Funding Amount ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Future Funding Trigger / Requirements | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Cut-off Date Future Funding Remaining Balance ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;Mortgage Asset Cut-off Date Balance ($) | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Mortgage Asset % of Total Cut-off Date Balance | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Mortgage Loan Balloon Payment ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance / Unit ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Committed Mortgage Loan Cut-off Date Balance / Unit ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Mortgage Loan Balloon Payment / Unit ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Initial Maturity Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;ARD Loan (Y/N) | &nbsp;&nbsp;Loan Agreement |

---

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;Fully Extended Maturity Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;48 | &nbsp;&nbsp;Initial Loan Term (Original) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Cut-off Date Initial Loan Term (Remaining) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;Cut-off Date Seasoning | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;Fully Extended Loan Term (Original) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Fully Extended Loan Term (Remaining) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;53 | &nbsp;&nbsp;Extension Options | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Extension Options Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;55 | &nbsp;&nbsp;1st Extension Option Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;56 | &nbsp;&nbsp;2nd Extension Option Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;3rd Extension Option Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;4th Extension Option Description | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;5th Extension Option Description | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;First Extension Period (Months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;First Extension Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;First Extension Fee ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;First Extension Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;First Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;Second Extension Period (Months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;Second Extension Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;67 | &nbsp;&nbsp;Second Extension Fee ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;Second Extension Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;Second Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;Third Extension Period (Months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;71 | &nbsp;&nbsp;Third Extension Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;Third Extension Fee ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Third Extension Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Third Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Fourth Extension Period (Months) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Fourth Extension Fee % | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;Fourth Extension Fee ($) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;78 | &nbsp;&nbsp;Fourth Extension Floor | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;Fourth Extension Cap | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;Fifth Extension Period (Months) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;Fifth Extension Fee % | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;Fifth Extension Fee ($) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;83 | &nbsp;&nbsp;Fifth Extension Floor | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;84 | &nbsp;&nbsp;Fifth Extension Cap | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;Exit Fee % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;Exit Fee ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;Exit Fee Balance | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Index for Floating Rate | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;90 | &nbsp;&nbsp;Index Rate Assumption | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Fully Funded Mortgage Loan Margin % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;92 | &nbsp;&nbsp;Collateral Interest Margin | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;93 | &nbsp;&nbsp;Rounding Factor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;Time of Rounding (Before Spread, After Spread) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;Rounding Direction | &nbsp;&nbsp;Loan Agreement |

---

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;96 | &nbsp;&nbsp;Lookback Period | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;Interest Rate Floor % | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;98 | &nbsp;&nbsp;Mortgage Rate Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;Interest Rate Cap Strike Price % | &nbsp;&nbsp;Interest Rate Cap Agreement |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Mortgage Rate Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;101 | &nbsp;&nbsp;Interest Rate Cap Termination Date | &nbsp;&nbsp;Interest Rate Cap Agreement |
| &nbsp;&nbsp;102 | &nbsp;&nbsp;Interest Rate Cap Provider | &nbsp;&nbsp;Interest Rate Cap Agreement |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;Interest Rate Cap Provider Rating | &nbsp;&nbsp;Ratings Screenshots |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Fully Funded Mortgage Loan Rate % | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;105 | &nbsp;&nbsp;Collateral Interest Cut-off Date Interest Rate | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;Interest Accrual Basis | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;Interest Rate Change | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;108 | &nbsp;&nbsp;Interest Rate Change Amount | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Interest Rate Change Trigger | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;110 | &nbsp;&nbsp;Mortgage Loan Margin Change (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;111 | &nbsp;&nbsp;Mortgage Loan Margin Change Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Grace Period Default (Days) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;113 | &nbsp;&nbsp;Grace Period Late (Days) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;114 | &nbsp;&nbsp;Grace Period Balloon (Days) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Original Prepayment Provision | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Remaining Prepayment Provision | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;117 | &nbsp;&nbsp;Original Yield Maintenance or Minimum Interest Term | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;118 | &nbsp;&nbsp;Rate for Prepayment Protection | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;119 | &nbsp;&nbsp;Partial Release and/or Partial Prepayment (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;Partial Release and/or Prepayment Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;IO Number of Months through Initial Term | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;IO Number of Months through Fully Extended Loan Term | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;123 | &nbsp;&nbsp;Initial IO Period (Remaining) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Amortization Style | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;125 | &nbsp;&nbsp;Amort Number of Months | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;126 | &nbsp;&nbsp;Amortization Rate | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;127 | &nbsp;&nbsp;Amortization Rate Mechanics | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;128 | &nbsp;&nbsp;Amortization Basis | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Amortization Type During Initial Term | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;130 | &nbsp;&nbsp;Amortization Type During Extensions | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;131 | &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;132 | &nbsp;&nbsp;Appraisal Valuation Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;As-Is Appraised Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Stabilized Appraised Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;135 | &nbsp;&nbsp;Appraisal Anticipated Stabilization Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;136 | &nbsp;&nbsp;USPAP Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;137 | &nbsp;&nbsp;FIRREA Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;138 | &nbsp;&nbsp;Mortgage Loan Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Collateral Interest Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Committed Mortgage Loan (Stabilized) LTV Ratio | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;141 | &nbsp;&nbsp;Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;142 | &nbsp;&nbsp;Third Most Recent As Of Date | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Third Most Recent Actual Revenues | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;144 | &nbsp;&nbsp;Third Most Recent Actual Expenses | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;145 | &nbsp;&nbsp;Third Most Recent Actual NOI | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;146 | &nbsp;&nbsp;Third Most Recent Actual NCF | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Second Most Recent As Of Date | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;148 | &nbsp;&nbsp;Second Most Recent Actual Revenues | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;149 | &nbsp;&nbsp;Second Most Recent Actual Expenses | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;Second Most Recent Actual NOI | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;151 | &nbsp;&nbsp;Second Most Recent Actual NCF | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;152 | &nbsp;&nbsp;Most Recent As Of Date | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;153 | &nbsp;&nbsp;Most Recent Actual Revenues | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;154 | &nbsp;&nbsp;Most Recent Actual Expenses | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;155 | &nbsp;&nbsp;Most Recent Actual NOI | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Most Recent Actual NCF | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;157 | &nbsp;&nbsp;Mortgage Loan Most Recent NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;158 | &nbsp;&nbsp;Mortgage Loan Most Recent NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;159 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;160 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;161 | &nbsp;&nbsp;Collateral Interest Most Recent NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;162 | &nbsp;&nbsp;Collateral Interest Most Recent NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;163 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;164 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;165 | &nbsp;&nbsp;Underwritten Occupancy % | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;166 | &nbsp;&nbsp;Underwritten Revenues | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;167 | &nbsp;&nbsp;Underwritten Expenses | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;168 | &nbsp;&nbsp;Underwritten NOI | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;169 | &nbsp;&nbsp;Underwritten Reserves | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;170 | &nbsp;&nbsp;Underwritten NCF | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;171 | &nbsp;&nbsp;Mortgage Loan Underwritten NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;172 | &nbsp;&nbsp;Mortgage Loan Underwritten NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;173 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Underwritten NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;174 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Underwritten NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;175 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;176 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;177 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;178 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;179 | &nbsp;&nbsp;Underwritten Stabilized Occupancy % | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;180 | &nbsp;&nbsp;Underwritten Stabilized Revenues | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;181 | &nbsp;&nbsp;Underwritten Stabilized Expenses | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;182 | &nbsp;&nbsp;Underwritten Stabilized NOI | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;183 | &nbsp;&nbsp;Underwritten Stabilized Reserves | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;184 | &nbsp;&nbsp;Underwritten Stabilized NCF | &nbsp;&nbsp;Asset Summary Report/Underwriting Model |
| &nbsp;&nbsp;185 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;186 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;187 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;188 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;189 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;190 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;191 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;192 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;193 | &nbsp;&nbsp;Appraisal Stabilized Occupancy % | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;194 | &nbsp;&nbsp;Appraisal Stabilized Revenues | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;195 | &nbsp;&nbsp;Appraisal Stabilized Expenses | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;196 | &nbsp;&nbsp;Appraisal Stabilized NOI | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;197 | &nbsp;&nbsp;Appraisal Stabilized Reserves | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;198 | &nbsp;&nbsp;Appraisal Stabilized NCF | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;199 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;200 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;201 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;202 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;203 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;204 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;205 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;206 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;207 | &nbsp;&nbsp;Cross Collateralized and Cross Defaulted Loan Flag | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;208 | &nbsp;&nbsp;Loan Cross Portfolio Name | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;209 | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Title Policy |
| &nbsp;&nbsp;210 | &nbsp;&nbsp;Full Recourse (Y/N/Partial) | &nbsp;&nbsp;Guaranty |
| &nbsp;&nbsp;211 | &nbsp;&nbsp;Recourse Provisions | &nbsp;&nbsp;Guaranty |
| &nbsp;&nbsp;212 | &nbsp;&nbsp;Recourse Carveout Guarantor | &nbsp;&nbsp;Loan Agreement/Guaranty |
| &nbsp;&nbsp;213 | &nbsp;&nbsp;Title Vesting (Fee/Leasehold/Both) | &nbsp;&nbsp;Title Policy |
| &nbsp;&nbsp;214 | &nbsp;&nbsp;Ground Lease (Y/N) | &nbsp;&nbsp;Title Policy |
| &nbsp;&nbsp;215 | &nbsp;&nbsp;Ground Lease Payment (Annual) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;216 | &nbsp;&nbsp;Ground Lease Initial Expiration Date | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;217 | &nbsp;&nbsp;Ground Lease Extension (Y/N) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;218 | &nbsp;&nbsp;# of Ground Lease Extension Options | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;219 | &nbsp;&nbsp;Ground Lease Expiration Date with Extension | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;220 | &nbsp;&nbsp;Type of Lockbox | &nbsp;&nbsp;Loan Agreement/CMA |
| &nbsp;&nbsp;221 | &nbsp;&nbsp;Cash Management (Springing/In-place) | &nbsp;&nbsp;Loan Agreement/CMA |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;222 | &nbsp;&nbsp;Lockbox Trigger Event | &nbsp;&nbsp;Loan Agreement/CMA |
| &nbsp;&nbsp;223 | &nbsp;&nbsp;Upfront Engineering/Deferred Maintenance Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;224 | &nbsp;&nbsp;Engineering/Deferred Maintenance Escrow (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;225 | &nbsp;&nbsp;Environmental Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;226 | &nbsp;&nbsp;Environmental Escrow (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;227 | &nbsp;&nbsp;Tax Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;228 | &nbsp;&nbsp;Tax Escrow (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;229 | &nbsp;&nbsp;Tax Escrow (Monthly) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;230 | &nbsp;&nbsp;Springing Tax Escrow Description | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;231 | &nbsp;&nbsp;Insurance Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;232 | &nbsp;&nbsp;Insurance Escrow (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;233 | &nbsp;&nbsp;Insurance Escrow (Monthly) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;234 | &nbsp;&nbsp;Springing Insurance Escrow Description | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;235 | &nbsp;&nbsp;Replacement Reserve (Upfront)($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;236 | &nbsp;&nbsp;Replacement Reserve (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;237 | &nbsp;&nbsp;Replacement Reserve (Monthly) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;238 | &nbsp;&nbsp;Replacement Reserve Cap($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;239 | &nbsp;&nbsp;Springing Replacement Reserve Description | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;240 | &nbsp;&nbsp;TI/LC Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;241 | &nbsp;&nbsp;TI/LC Reserve (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;242 | &nbsp;&nbsp;Monthly TI/LC Reserve ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;243 | &nbsp;&nbsp;TI/LC Reserve Cap($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;244 | &nbsp;&nbsp;Springing TI/LC Reserve Description | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;245 | &nbsp;&nbsp;Interest Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;246 | &nbsp;&nbsp;Interest Reserve (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;247 | &nbsp;&nbsp;Monthly Interest Reserve ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;248 | &nbsp;&nbsp;Interest Reserve (Cap) ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;249 | &nbsp;&nbsp;Springing Interest Reserve Description | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;250 | &nbsp;&nbsp;Upfront Other Reserve 1 ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;251 | &nbsp;&nbsp;Cut-off Other Reserve 1 ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;252 | &nbsp;&nbsp;Other Escrow 1 (Monthly) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;253 | &nbsp;&nbsp;Other Escrow 1 (Cap) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;254 | &nbsp;&nbsp;Other (Springing) Escrow Reserve 1 Description | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;255 | &nbsp;&nbsp;Upfront Other Reserve 2 ($) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;256 | &nbsp;&nbsp;Cut-off Other Reserve 2 ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;257 | &nbsp;&nbsp;Other Escrow 2 (Monthly) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;258 | &nbsp;&nbsp;Other Escrow 2 (Cap) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;259 | &nbsp;&nbsp;Other (Springing) Escrow Reserve 2 Description | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;260 | &nbsp;&nbsp;Cut-off Other Reserve 3 ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;261 | &nbsp;&nbsp;Other Escrow 3 (Monthly) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;262 | &nbsp;&nbsp;Other (Springing) Escrow Reserve 3 Description | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;263 | &nbsp;&nbsp;Excess Cash Reserve (Cut-off Date) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;264 | &nbsp;&nbsp;Excess Cash Reserve Description | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;265 | &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Property Condition Report |
| &nbsp;&nbsp;266 | &nbsp;&nbsp;Environmental Report Date (Phase I) | &nbsp;&nbsp;ESA Phase I Report |
| &nbsp;&nbsp;267 | &nbsp;&nbsp;Environmental Report Date (Phase II) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;268 | &nbsp;&nbsp;Environmental Insurance (Y/N) | &nbsp;&nbsp;Insurance Certificate |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;269 | &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;270 | &nbsp;&nbsp;Seismic PML % | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;271 | &nbsp;&nbsp;Seismic Insurance Obtained if PML >= 20% (Y/N) | &nbsp;&nbsp;Seismic Report/Insurance Certificate |
| &nbsp;&nbsp;272 | &nbsp;&nbsp;Single-Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;273 | &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Loan Agreement/Management Agreement |
| &nbsp;&nbsp;274 | &nbsp;&nbsp;TIC (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;275 | &nbsp;&nbsp;Max Number of TICs | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;276 | &nbsp;&nbsp;Single Purpose Borrower (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;277 | &nbsp;&nbsp;Independent Director (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;278 | &nbsp;&nbsp;Borrower Non Consolidation Opinion (Y/N) | &nbsp;&nbsp;Non-Consolidation Opinion |
| &nbsp;&nbsp;279 | &nbsp;&nbsp;DST (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;280 | &nbsp;&nbsp;IDOT (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;281 | &nbsp;&nbsp;Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;282 | &nbsp;&nbsp;Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;283 | &nbsp;&nbsp;Largest Tenant % | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;284 | &nbsp;&nbsp;Largest Tenant Exp Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;285 | &nbsp;&nbsp;2nd Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;286 | &nbsp;&nbsp;2nd Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;287 | &nbsp;&nbsp;2nd Largest Tenant % | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;288 | &nbsp;&nbsp;2nd Largest Tenant Exp Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;289 | &nbsp;&nbsp;3rd Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;290 | &nbsp;&nbsp;3rd Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;291 | &nbsp;&nbsp;3rd Largest Tenant Exp Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;292 | &nbsp;&nbsp;3rd Largest Tenant % | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;293 | &nbsp;&nbsp;4th Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;294 | &nbsp;&nbsp;4th Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;295 | &nbsp;&nbsp;4th Largest Tenant % | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;296 | &nbsp;&nbsp;4th Largest Tenant Exp Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;297 | &nbsp;&nbsp;5th Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;298 | &nbsp;&nbsp;5th Largest Tenant SqFt | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;299 | &nbsp;&nbsp;5th Largest Tenant % | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;300 | &nbsp;&nbsp;5th Largest Tenant Exp Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;301 | &nbsp;&nbsp;Senior Debt Amount | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;302 | &nbsp;&nbsp;Senior Debt Holder | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;303 | &nbsp;&nbsp;Rate | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;304 | &nbsp;&nbsp;Floor | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;305 | &nbsp;&nbsp;Maturity | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;306 | &nbsp;&nbsp;Amort | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;307 | &nbsp;&nbsp;Administrative Fee Rate | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;308 | &nbsp;&nbsp;Net Mortgage Rate | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;309 | &nbsp;&nbsp;In-place Senior Debt Service | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;310 | &nbsp;&nbsp;As Stabilized Senior Debt Service | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;311 | &nbsp;&nbsp;Funded Companion Participated Cut-off Date Balance (Not in Trust) | &nbsp;&nbsp;Loan Agreement/Servicer Report |
| &nbsp;&nbsp;312 | &nbsp;&nbsp;Pari Passu Balance in Other Securitization | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;313 | &nbsp;&nbsp;Cut-off Date Total Debt Balance | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;314 | &nbsp;&nbsp;Junior Participation Cut-off Date Balance | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;315 | &nbsp;&nbsp;Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | &nbsp;&nbsp;Not Applicable |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;316 | &nbsp;&nbsp;Junior Participation Balloon Payment ($) | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;317 | &nbsp;&nbsp;Junior Participation Cut-off Date Margin | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;318 | &nbsp;&nbsp;Junior Participation Cut-off Date Interest Rate | &nbsp;&nbsp;Not Applicable |
| &nbsp;&nbsp;319 | &nbsp;&nbsp;Subordinate Debt (Y/N) | &nbsp;&nbsp;Mezzanine Loan Agreement |
| &nbsp;&nbsp;320 | &nbsp;&nbsp;Subordinate Debt Type | &nbsp;&nbsp;Mezzanine Loan Agreement |
| &nbsp;&nbsp;321 | &nbsp;&nbsp;Cut-off Date Subordinate Debt/Mezz Loan Bal ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;322 | &nbsp;&nbsp;Subordinate Debt Margin | &nbsp;&nbsp;Mezzanine Loan Agreement |
| &nbsp;&nbsp;323 | &nbsp;&nbsp;Subordinate Debt Interest Rate | &nbsp;&nbsp;Mezzanine Loan Agreement |
| &nbsp;&nbsp;324 | &nbsp;&nbsp;Cut-off Date Total Debt As-Is LTV | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;325 | &nbsp;&nbsp;Cut-off Date Total Debt Ann Debt Service ($) | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;326 | &nbsp;&nbsp;Cut-off Date Total Debt UW NCF DSCR | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;327 | &nbsp;&nbsp;Total Debt Cut-off Date UW NOI DY | &nbsp;&nbsp;Refer to Calculation Procedures below |
| &nbsp;&nbsp;328 | &nbsp;&nbsp;B Note / Mezz Loan % | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;329 | &nbsp;&nbsp;Permitted Future Debt (Y/N) | &nbsp;&nbsp;None – Company Provided |
| &nbsp;&nbsp;330 | &nbsp;&nbsp;Type | &nbsp;&nbsp;Not Applicable |

---

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

With respect to Characteristic 27, we recomputed the Annual Debt Service Payment (IO) as the product of (i) the Mortgage Loan Cut-off Date Balance ($), (ii) the greater of the (x) Fully Funded Mortgage Loan Rate % and (y) sum of the (a) Fully Funded Mortgage Loan Margin % and (b) Interest Rate Floor % and (iii) a fraction equal to 365/360.

With respect to Characteristic 29, we recomputed the Annual Debt Service Payment (Cap) as the product of (i) the Mortgage Loan Cut-off Date Balance ($), (ii) Mortgage Rate Cap and (iii) a fraction equal to 365/360.

With respect to Characteristic 31, we recomputed the Commitment Original Balance / Unit ($) by dividing the Commitment Original Balance ($) by No of Units.

With respect to Characteristic 33, we recomputed the Initial Unfunded Future Funding Amount ($) by subtracting the Commitment Original Balance ($) from Initial Funded Amount ($).

With respect to Characteristic 36, we recomputed the Mortgage Loan Cut-off Date Balance ($) as the sum of the (a) Mortgage Asset Cut-off Date Balance ($), (b) Funded Companion Participated Cut-off Date Balance (Not in Trust) and (c) Junior Participation Cut-off Date Balance (as applicable).

With respect to Characteristic 38, we recomputed the Mortgage Asset % of Total Cut-off Date Balance by dividing the Mortgage Asset Cut-off Date Balance ($) by the sum of the Mortgage Asset Cut-off Date Balances ($) of all the Collateral Interests.

With respect to Characteristic 39, for all Collateral Interests we set the Mortgage Loan Balloon Payment ($) equal to Mortgage Loan Cut-off Date Balance ($).

With respect to Characteristic 40, we recomputed the Mortgage Loan Cut-off Date Balance / Unit ($) by dividing the Mortgage Loan Cut-off Date Balance ($) by the No of Units.

With respect to Characteristic 41, we recomputed the Committed Mortgage Loan Cut-off Date Balance / Unit ($) by dividing the Commitment Original Balance ($) by No of Units.

With respect to Characteristic 42, we recomputed the Mortgage Loan Balloon Payment / Unit ($) by dividing the Mortgage Loan Balloon Payment ($) by the No of Units.

With respect to Characteristic 48, we recomputed the Initial Loan Term (Original) by determining the number of payment dates from and inclusive of the First Payment Date to and inclusive of the Initial Maturity Date.

With respect to Characteristic 49, we recomputed the Cut-off Date Initial Loan Term (Remaining) by subtracting the Cut-off Date Seasoning from the Initial Loan Term (Original).

With respect to Characteristic 50, we recomputed the Cut-off Date Seasoning by determining the number of payment dates (not less than 0) from and inclusive of the First Payment Date to and inclusive of the payment date in May 2026 (the "Cut-off Date," as stipulated by representatives of the Company).

With respect to Characteristic 51, we recomputed the Fully Extended Loan Term (Original) by determining the number of payment dates from and inclusive of the First Payment Date to and inclusive of the Fully Extended Maturity Date.

With respect to Characteristic 52, we recomputed the Fully Extended Loan Term (Remaining) by subtracting the Cut-off Date Seasoning from the Fully Extended Loan Term (Original).

With respect to Characteristic 92, for all Collateral Interests we set the Collateral Interest Margin equal to Fully Funded Mortgage Loan Margin %.

With respect to Characteristic 104, we recomputed the Fully Funded Mortgage Loan Rate % as the sum of the Fully Funded Mortgage Loan Margin % and Index Rate Assumption, as rounded based on the Rounding Factor, Time of Rounding (Before Spread, After Spread) and Rounding Direction, subject to the Mortgage Rate Floor.

With respect to Characteristic 105, for all Collateral Interests we set the Collateral Interest Cut-off Date Interest Rate equal to Fully Funded Mortgage Loan Rate %.

With respect to Characteristic 123, we recomputed the Initial IO Period (Remaining) by subtracting the Cut-off Date Seasoning from the IO Number of Months through Initial Term.

With respect to Characteristic 138, we recomputed the Mortgage Loan Cut-off Date (As-Is) LTV Ratio by dividing the Mortgage Loan Cut-off Date Balance ($) by As-Is Appraised Value.

With respect to Characteristic 139, we recomputed the Collateral Interest Cut-off Date As-Is LTV Ratio by dividing the Senior Participation Cut-off Date Balance (as defined below) by As-Is Appraised Value. The "Senior Participation Cut-off Date Balance" is equal to the sum of the Mortgage Asset Cut-off Date Balance ($) and Funded Companion Participated Cut-off Date Balance (Not in Trust).

With respect to Characteristic 140, we recomputed the Committed Mortgage Loan (Stabilized) LTV Ratio by dividing the sum of (a) Mortgage Loan Cut-off Date Balance ($), (b) Cut-off Date Future Funding Remaining Balance ($) and (c) Junior Participation Cut-off Date Future Funding Unfunded Balance ($) (as applicable) by the Stabilized Appraised Value, if any, else by the As-Is Appraised Value.

With respect to Characteristic 141, we recomputed the Maturity Date Stabilized LTV Ratio by dividing the Mortgage Loan Balloon Payment ($) by the Stabilized Appraised Value, if any, else by the As-Is Appraised Value.

With respect to Characteristic 157, we recomputed the Mortgage Loan Most Recent NOI DSCR by dividing the Most Recent Actual NOI by (i) the Annual Debt Service Payment (IO) or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, the Annual Debt Service Payment (Cap). This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NOI.

With respect to Characteristic 158, we recomputed the Mortgage Loan Most Recent NCF DSCR by dividing the Most Recent Actual NCF by (i) the Annual Debt Service Payment (IO) or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, the Annual Debt Service Payment (Cap). This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NCF.

With respect to Characteristic 159, we recomputed the Cut-off Date Mortgage Loan Most Recent NOI Debt Yield by dividing the Most Recent Actual NOI by Mortgage Loan Cut-off Date Balance ($). This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NOI.

With respect to Characteristic 160, we recomputed the Cut-off Date Mortgage Loan Most Recent NCF Debt Yield by dividing the Most Recent Actual NCF by Mortgage Loan Cut-off Date Balance ($). This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NCF.

With respect to Characteristic 161, we recomputed the Collateral Interest Most Recent NOI DSCR by dividing the Most Recent Actual NOI by the Senior Participation Annual Debt Service Payment (as defined below). The "Senior Participation Annual Debt Service Payment" is equal to the sum of the (a)

product of the (i) Mortgage Asset Cut-off Date Balance ($), (ii) greater of the (x) Fully Funded Mortgage Loan Rate % and (y) sum of the (1) Fully Funded Mortgage Loan Margin % and (2) Interest Rate Floor % and (iii) a fraction equal to 365/360 and (b) product of the (i) Funded Companion Participated Cut-off Date Balance (Not in Trust), (ii) greater of the (x) Fully Funded Mortgage Loan Rate % and (y) sum of the (1) Fully Funded Mortgage Loan Margin % and (2) Interest Rate Floor % and (iii) a fraction equal to 365/360. Further, if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, we recomputed the Collateral Interest Most Recent NOI DSCR by dividing the Most Recent Actual NOI by the Senior Participation Annual Debt Service Payment (Cap) (as defined below). The "Senior Participation Annual Debt Service Payment (Cap)" is equal to the sum of (a) the Collateral Interest Annual Debt Service (Cap) and (b) the product of (i) the Funded Companion Participated Cut-off Date Balance (Not in Trust), (ii) the Mortgage Rate Cap and (iii) a fraction equal to 365/360. This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NOI.

With respect to Characteristic 162, we recomputed the Collateral Interest Most Recent NCF DSCR by dividing the Most Recent Actual NCF by (i) the Senior Participation Annual Debt Service Payment or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, the Senior Participation Annual Debt Service Payment (Cap). This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NCF.

With respect to Characteristic 163, we recomputed the Cut-off Date Collateral Interest Most Recent NOI Debt Yield by dividing the Most Recent Actual NOI by the Senior Participation Cut-off Date Balance. This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NOI.

With respect to Characteristic 164, we recomputed the Cut-off Date Collateral Interest Most Recent NCF Debt Yield by dividing the Most Recent Actual NCF by the Senior Participation Cut-off Date Balance. This procedure was only performed for those Collateral Interests with a positive Most Recent Actual NCF.

With respect to Characteristic 171, we recomputed the Mortgage Loan Underwritten NOI DSCR by dividing the Underwritten NOI by (i) the Annual Debt Service Payment (IO) or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, the Annual Debt Service Payment (Cap). Further, with respect to the Collateral Interests identified on the Data File as "Urbana," "220 Meridian and The Olivia on Main," "Wonderland and Katz on Main," "Edmond Curtis Park," "Synergy," "Hyatt Centric," "Catalyst Midtown," "Williamsburg Apartments," "Iron65," "The Lofts at City Center" and "Northern Liberties Self Storage Portfolio" we did not perform such calculation and were instructed by representatives of the Company to set the Mortgage Loan Underwritten NOI DSCR for each such Collateral Interest equal to 1.00.

With respect to Characteristic 172, we recomputed the Mortgage Loan Underwritten NCF DSCR by dividing the Underwritten NCF by (i) the Annual Debt Service Payment (IO) or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, the Annual Debt Service Payment (Cap). Further, with respect to the Collateral Interests identified on the Data File as "Urbana," "220 Meridian and The Olivia on Main," "Wonderland and Katz on Main," "Edmond Curtis Park," "Synergy," "Hyatt Centric," "Catalyst Midtown," "Williamsburg Apartments," "Iron65," "The Lofts at City Center," "Northern Liberties Self Storage Portfolio" and "Hotel Zoe" we did not perform such calculation and were instructed by representatives of the Company to set the Mortgage Loan Underwritten NCF DSCR for each such Collateral Interest equal to 1.00.

With respect to Characteristic 173, we recomputed the Cut-off Date Mortgage Loan Underwritten NOI Debt Yield by dividing the Underwritten NOI by the Mortgage Loan Cut-off Date Balance ($).

With respect to Characteristic 174, we recomputed the Cut-off Date Mortgage Loan Underwritten NCF Debt Yield by dividing the Underwritten NCF by the Mortgage Loan Cut-off Date Balance ($).

With respect to Characteristic 175, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NOI DSCR by dividing the Underwritten NOI by (i) the Senior Participation Annual Debt

Service Payment or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, the Senior Participation Annual Debt Service Payment (Cap). Further, with respect to the Collateral Interests identified on the Data File as "Urbana," "220 Meridian and The Olivia on Main," "Wonderland and Katz on Main," "Edmond Curtis Park," "Synergy," "Hyatt Centric," "Catalyst Midtown," "Williamsburg Apartments," "Iron65," "The Lofts at City Center" and "Northern Liberties Self Storage Portfolio" we did not perform such calculation and were instructed by representatives of the Company to set the Collateral Interest Cut-off Date Balance Underwritten NOI DSCR for each such Collateral Interests equal to 1.00.

With respect to Characteristic 176, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NCF DSCR by dividing the Underwritten NCF by (i) the Senior Participation Annual Debt Service Payment or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the applicable Mortgage Rate Cap, the Senior Participation Annual Debt Service Payment (Cap). Further, with respect to the Collateral Interests identified on the Data File as "Urbana," "220 Meridian and The Olivia on Main," "Wonderland and Katz on Main," "Edmond Curtis Park," "Synergy," "Hyatt Centric," "Catalyst Midtown," "Williamsburg Apartments," "Iron65," "The Lofts at City Center," "Northern Liberties Self Storage Portfolio" and "Hotel Zoe" we did not perform such calculation and were instructed by representatives of the Company to set the Collateral Interest Cut-off Date Balance Underwritten NCF DSCR for each such Collateral Interest equal to 1.00.

With respect to Characteristic 177, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield by dividing the Underwritten NOI by the Senior Participation Cut-off Date Balance.

With respect to Characteristic 178, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield by dividing the Underwritten NCF by the Senior Participation Cut-off Date Balance.

With respect to Characteristic 185, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR by dividing the Underwritten Stabilized NOI by the Fully Funded Annual Debt Service Payment (as defined below). The "Fully Funded Annual Debt Service Payment" is equal to the product of (a) the Commitment Original Balance ($), (b) (A) the greater of the (x) Fully Funded Mortgage Loan Rate % and (y) sum of the (1) Fully Funded Mortgage Loan Margin % and (2) Interest Rate Floor % or (B) if the applicable Fully Funded Mortgage Loan Rate % is greater than the Mortgage Rate Cap, the Mortgage Rate Cap and (c) a fraction equal to 365/360.

With respect to Characteristic 186, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR by dividing the Underwritten Stabilized NCF by the Fully Funded Annual Debt Service Payment.

With respect to Characteristic 187, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield by dividing the Underwritten Stabilized NOI by the sum of (a) Mortgage Loan Cut-off Date Balance ($), (b) Cut-off Date Future Funding Remaining Balance ($) and (c) Junior Participation Cut-off Date Future Funding Unfunded Balance ($) (as applicable).

With respect to Characteristic 188, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield by dividing the Underwritten Stabilized NCF by the sum of (a) Mortgage Loan Cut-off Date Balance ($), (b) Cut-off Date Future Funding Remaining Balance ($) and (c) Junior Participation Cut-off Date Future Funding Unfunded Balance ($) (as applicable).

With respect to Characteristic 189, we recomputed the Collateral Interest Underwritten Stabilized NOI DSCR by dividing the Underwritten Stabilized NOI by the Senior Participation Fully Funded Annual Debt Service (as defined below). The "Senior Participation Fully Funded Annual Debt Service" is equal to the sum of the (a) (1) Senior Participation Annual Debt Service Payment or (2) if the applicable Fully Funded Mortgage Loan Rate % is greater than the Mortgage Rate Cap, the Senior Participation Annual Debt

Service Payment (Cap) and (b) the product of (i) the Cut-off Date Future Funding Remaining Balance ($), (ii) (1) if the applicable Fully Funded Mortgage Loan Rate % is greater than the Mortgage Rate Cap, Mortgage Rate Cap or (2) greater of the (x) Fully Funded Mortgage Loan Rate % and (y) sum of the (1) Fully Funded Mortgage Loan Margin % and (2) Interest Rate Floor % and (iii) a fraction equal to 365/360.

With respect to Characteristic 190, we recomputed the Collateral Interest Underwritten Stabilized NCF DSCR by dividing the Underwritten Stabilized NCF by the Senior Participation Fully Funded Annual Debt Service.

With respect to Characteristic 191, we recomputed the Collateral Interest Underwritten Stabilized NOI Debt Yield by dividing the Underwritten Stabilized NOI by the sum of the (a) Senior Participation Cut-off Date Balance and (b) Cut-off Date Future Funding Remaining Balance ($).

With respect to Characteristic 192, we recomputed the Collateral Interest Underwritten Stabilized NCF Debt Yield by dividing the Underwritten Stabilized NCF by the sum of the (a) Senior Participation Cut-off Date Balance and (b) Cut-off Date Future Funding Remaining Balance ($).

With respect to Characteristic 199, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR by dividing the Appraisal Stabilized NOI by the Fully Funded Annual Debt Service Payment. This procedure was only performed for those Collateral Interests with Appraisal Stabilized NOI.

With respect to Characteristic 200, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR by dividing the Appraisal Stabilized NCF by the Fully Funded Annual Debt Service Payment. This procedure was only performed for those Collateral Interest with Appraisal Stabilized NCF.

With respect to Characteristic 201, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield by dividing the Appraisal Stabilized NOI by the sum of (a) Mortgage Loan Cut-off Date Balance ($), (b) Cut-off Date Future Funding Remaining Balance ($) and (c) Junior Participation Cut-off Date Future Funding Unfunded Balance ($) (as applicable). This procedure was only performed for those Collateral Interests with Appraisal Stabilized NOI.

With respect to Characteristic 202, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield by dividing the Appraisal Stabilized NCF by the sum of (a) Mortgage Loan Cut-off Date Balance ($), (b) Cut-off Date Future Funding Remaining Balance ($) and (c) Junior Participation Cut-off Date Future Funding Unfunded Balance ($) (as applicable). This procedure was only performed for those Collateral Interests with Appraisal Stabilized NCF.

With respect to Characteristic 203, we recomputed the Collateral Interest Appraisal Stabilized NOI DSCR by dividing the Appraisal Stabilized NOI by the Senior Participation Fully Funded Annual Debt Service. This procedure was only performed for those Collateral Interests with Appraisal Stabilized NOI.

With respect to Characteristic 204, we recomputed the Collateral Interest Appraisal Stabilized NCF DSCR by dividing the Appraisal Stabilized NCF by the Senior Participation Fully Funded Annual Debt Service. This procedure was only performed for those Collateral Interests with Appraisal Stabilized NCF.

With respect to Characteristic 205, we recomputed the Collateral Interest Appraisal Stabilized NOI Debt Yield by dividing the Appraisal Stabilized NOI by the sum of the (a) Senior Participation Cut-off Date Balance and (b) Cut-off Date Future Funding Remaining Balance ($). This procedure was only performed for those Collateral Interests with Appraisal Stabilized NOI.

With respect to Characteristic 206, we recomputed the Collateral Interest Appraisal Stabilized NCF Debt Yield by dividing the Appraisal Stabilized NCF by the sum of the (a) Senior Participation Cut-off Date Balance and (b) Cut-off Date Future Funding Remaining Balance ($). This procedure was only performed for those Collateral Interests with Appraisal Stabilized NCF.

With respect to Characteristic 283, we recomputed Largest Tenant % by dividing the (a) Largest Tenant SqFt by (b) No of Units. With respect to the Collateral Interests identified on the Data File as "220 Meridian," "The Olivia on Main" and "The Lewis" we were instructed by representatives of the Company to replace clause (b) of this procedure with "17,692," "20,755" and "27,245," respectively. This procedure was only performed for those Collateral Interests with a Largest Tenant SqFt greater than zero.

With respect to Characteristic 287, we recomputed 2nd Largest Tenant % by dividing the (a) 2nd Largest Tenant SqFt by (b) No of Units. With respect to the Collateral Interests identified on the Data File as "220 Meridian," "The Olivia on Main" and "The Lewis" we were instructed by representatives of the Company to replace clause (b) of this procedure with "17,692," "20,755" and "27,245," respectively. This procedure was only performed for those Collateral Interests with a 2nd Largest Tenant SqFt greater than zero.

With respect to Characteristic 292, we recomputed 3rd Largest Tenant % by dividing the (a) 3rd Largest Tenant SqFt by (b) No of Units. With respect to the Collateral Interests identified on the Data File as "The Olivia on Main" and "The Lewis" we were instructed by representatives of the Company to replace clause (b) of this procedure with "20,755" and "27,245," respectively. This procedure was only performed for those Collateral Interests with a 3rd Largest Tenant SqFt greater than zero.

With respect to Characteristic 295, we recomputed 4th Largest Tenant % by dividing the (a) 4th Largest Tenant SqFt by (b) No of Units. With respect to the Collateral Interest identified on the Data File as "The Olivia on Main" we were instructed by representatives of the Company to replace clause (b) of this procedure with "20,755." This procedure was only performed for those Collateral Interests with a 4th Largest Tenant SqFt greater than zero.

With respect to Characteristic 299, we recomputed 5th Largest Tenant % by dividing the (a) 5th Largest Tenant SqFt by (b) No of Units. With respect to the Collateral Interest identified on the Data File as "The Olivia on Main" we were instructed by representatives of the Company to replace clause (b) of this procedure with "20,755." This procedure was only performed for those Collateral Interests with a 5th Largest Tenant SqFt greater than zero.

With respect to Characteristic 313, we recomputed the Cut-off Date Total Debt Balance by summing the (a) Mortgage Loan Cut-off Date Balance ($) and (b) Cut-off Date Subordinate Debt/Mezz Loan Bal ($).

With respect to Characteristic 324, we recomputed the Cut-off Date Total Debt As-Is LTV by dividing the (a) Cut-off Date Total Debt Balance, by (b) As-Is Appraised Value.

With respect to Characteristic 325, we recomputed the Cut-off Date Total Debt Ann Debt Service ($) by summing the (a) Annual Debt Service Payment (IO) and (b) the mezzanine annual debt service (as derived from the Mezzanine Loan Agreement), as applicable.

With respect to Characteristic 326, we recomputed the Cut-off Date Total Debt UW NCF DSCR by dividing the Underwritten NCF by (i) the Cut-off Date Total Debt Ann Debt Service or (ii) if the applicable Fully Funded Mortgage Loan Rate % is greater than the Mortgage Rate Cap, the sum of (a) Annual Debt Service Payment (Cap) and (b) the mezzanine annual debt service (as derived from the Mezzanine Loan Agreement), as applicable. Further, with respect to the Collateral Interests identified on the Data File as "Urbana," "220 Meridian and The Olivia on Main," "Wonderland and Katz on Main," "Edmond Curtis Park," "Synergy," "Hyatt Centric," "Catalyst Midtown," "Williamsburg Apartments," "Iron65," "The Lofts at City Center," "Northern Liberties Self Storage Portfolio" and "Hotel Zoe" we did not perform such calculation and were instructed by representatives of the Company to set Cut-off Date Total Debt UW NCF DSCR for each such Collateral Interest equal to 1.00.

With respect to Characteristic 327, we recomputed the Total Debt Cut-off Date UW NOI DY by dividing the Underwritten NOI by the Cut-off Date Total Debt Balance.