# EDGAR Filing Document

**Accession Number:** 0002095792
**File Stem:** 0001539497-25-002893
**Filing Date:** 2025-11
**Character Count:** 104518
**Document Hash:** d10f05ebe916191802629c9361b0349e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-002893.hdr.sgml**: 20251110

**ACCESSION NUMBER**: 0001539497-25-002893

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20251110

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

**FILED AS OF DATE**: 20251110

**DATE AS OF CHANGE**: 20251110

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CRB CM Depositor, LLC
- **CENTRAL INDEX KEY:** 0002095792

**ORGANIZATION NAME:**
- **EIN:** 261942598
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08085
- **FILM NUMBER:** 251467502

**BUSINESS ADDRESS:**
- **STREET 1:** 2115 LINWOOD AVENUE
- **CITY:** FORT LEE
- **STATE:** NJ
- **ZIP:** 07024
- **BUSINESS PHONE:** 2018087000

**MAIL ADDRESS:**
- **STREET 1:** 2115 LINWOOD AVENUE
- **CITY:** FORT LEE
- **STATE:** NJ
- **ZIP:** 07024
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CRB CM Depositor, LLC
- **CENTRAL INDEX KEY:** 0002095792

**ORGANIZATION NAME:**
- **EIN:** 261942598
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 2115 LINWOOD AVENUE
- **CITY:** FORT LEE
- **STATE:** NJ
- **ZIP:** 07024
- **BUSINESS PHONE:** 2018087000

**MAIL ADDRESS:**
- **STREET 1:** 2115 LINWOOD AVENUE
- **CITY:** FORT LEE
- **STATE:** NJ
- **ZIP:** 07024
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CRB CM Depositor, LLC
- **CENTRAL INDEX KEY:** 0002095792

**ORGANIZATION NAME:**
- **EIN:** 261942598
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 2115 LINWOOD AVENUE
- **CITY:** FORT LEE
- **STATE:** NJ
- **ZIP:** 07024
- **BUSINESS PHONE:** 2018087000

**MAIL ADDRESS:**
- **STREET 1:** 2115 LINWOOD AVENUE
- **CITY:** FORT LEE
- **STATE:** NJ
- **ZIP:** 07024

**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**

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

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

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

------

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) [_]

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 depositor: <u>0002095792</u> 

CRB Commercial Mortgage Trust 2025-1

(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> 

Gilles Gade, (201) 808-7000

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 agreed-upon procedures report, dated November 10, 2025, of Ernst & Young LLP, obtained by the depositor, which report sets forth the findings and conclusions, as applicable, of Ernst & Young LLP with respect to certain agreed-upon procedures performed by Ernst & Young LLP.

Attached as <u>Exhibit 2</u> hereto is an underwriting information comparison agreed-upon procedures report, dated November 10, 2025, of Ernst & Young LLP, obtained by the depositor, which report sets forth the findings and conclusions, as applicable, of Ernst & Young LLP with respect to certain agreed-upon procedures performed by Ernst & Young 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.

---

| | | | |
|:---|:---|:---|:---|
|  | CRB CM DEPOSITOR, LLC | CRB CM DEPOSITOR, LLC | CRB CM DEPOSITOR, LLC |
|  | (Depositor) | (Depositor) | (Depositor) |
| Date: November 10, 2025 |  |  |  |
|  | By: | /s/ Gilles Gade | /s/ Gilles Gade |
|  |  | Name: | Gilles Gade |
|  |  | Title: | President |

---

Exhibit 1 Independent Accountants'Agreed-Upon Procedures Report, dated November 10, 2025, of Ernst & Young LLP. <br>Exhibit 2 Underwriting information comparison agreed-upon procedures report, dated November 10, 2025, of Ernst & Young LLP.

## Ex-1

**Exhibit 1**

---

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

---

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

CRB CM Depositor, LLC (the "Depositor")

Cross River Bank, a New Jersey State Chartered Bank ("CRB")

Cantor Fitzgerald & Co.

(collectively, the "Specified Parties")

---

| | |
|:---|:---|
| **Re:** | **CRB Commercial Mortgage Trust 2025-1 (the "Issuing Entity")** |
|  | **Commercial Mortgage Pass-Through Certificates, Series CRB 2025-CRE1 (the "Certificates")** |

---

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Specified Parties, for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to the Mortgage Loans (as defined herein) contained on the Data Files (as defined herein) (the "Subject Matter") relating to the Issuing Entity's securitization transaction as of 10 November 2025. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

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

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

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

b. Electronic copies of the loan files for the Mortgage Loans which contain various source documents (the "Source Documents")
relating to the Mortgage Loans and the mortgaged properties that secure the Mortgage Loans,

c. A calculation methodology (the "Multiple Property Loan Calculation Methodology"), which is shown on Exhibit 1 to
Attachment A, for those Mortgage Loans (the "Multiple Property Loans") that are secured by multiple mortgaged properties
(the "Underlying Properties") relating to the allocation of certain Multiple Property Loan characteristics to the respective
Underlying Properties,

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

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

---

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

---

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

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

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

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

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

---

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

---

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

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

b. Making any findings with respect to:

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

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

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

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

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

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

/s/ Ernst & Young LLP

10 November 2025

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 1 of 13 |

---

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

For the purpose of the procedures described in this report, the Depositor indicated that the assets of the Issuing Entity will primarily consist of a pool of 59 mortgage loans (the "Mortgage Loans") which are secured by various types of commercial properties.

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

1. The Depositor provided us with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. An electronic data file (the "Preliminary Data File") that the Depositor indicated contains information relating to the
Mortgage Loans as of 1 November 2025 (the "Cut-Off Date") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Record layout and decode information related to the information on the Data Files.

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

For each Mortgage Loan on the Preliminary Data File, we compared the Compared Characteristics listed on Exhibit 2 to Attachment A, as shown on the Preliminary Data File, to the corresponding information in copies of the Source Document(s) indicated on Exhibit 2 to Attachment A that were provided by the Depositor, subject only to the instructions, assumptions and methodologies described in the notes on Exhibit 2 to Attachment A and the next paragraph(s) of this Item.

The Source Document(s) that we were instructed by the Depositor to use for each Compared Characteristic are indicated on Exhibit 2 to Attachment A. Where more than one Source Document is listed for a Compared Characteristic, the Depositor instructed us to note agreement if the value on the Preliminary Data File for the Compared Characteristic agreed with the corresponding information in at least one of the Source Documents listed for such Compared Characteristic on Exhibit 2 to Attachment A (except as described in the notes on Exhibit 2 to Attachment A). We performed no procedures to reconcile any differences that may exist between various Source Documents for any of the Compared Characteristics listed on Exhibit 2 to Attachment A.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 2 of 13 |

---

1. (continued)

Additionally, for any Mortgage Loan(s) or Underlying Property(ies) listed in the table below, the Depositor provided us with the related draft Source Document(s) listed in the "Draft Source Document(s)" column of the table below.

---

| | | |
|:---|:---|:---|
| **<u>Mortgage Loan</u>** | &nbsp;&nbsp;**<u>Underlying Property</u>** | &nbsp;&nbsp;**<u>Draft Source Document(s)</u>** |
| &nbsp;&nbsp;N/A | &nbsp;&nbsp;N/A | N/A |

---

For the purpose of the procedures described in this report, the Depositor instructed us to treat any "Draft Source Document(s)" listed in the table above as fully executed Source Document(s).

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

3. Subsequent to the performance of the procedures described in the Items above, the Depositor provided us with an electronic data file
(the "Final Data File," which together with the Preliminary Data File comprise the Data Files) that the Depositor indicated
contains information relating to the Mortgage Loans as of the Cut-Off Date.

Using information on the:

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

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

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

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

5. Using the:

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

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

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

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 3 of 13 |

---

6. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Original Term to Maturity Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seasoning,

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

7. Using the:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. IO Period End Date,

we recalculated the "IO Term as of Origination Date (mos.)" of each Mortgage Loan (except for any Mortgage Loan shown on the Final Data File with the "IO Period End Date" characteristic as "N/A" (each, an "Amortizing Loan") and the Mortgage Loan identified on the Final Data File as "51-55 Veronica Place" (the "51-55 Veronica Place Mortgage Loan"), which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the 51-55 Veronica Place Mortgage Loan, the Depositor instructed us to use "6; 12" for the "IO Term as of Origination Date (mos.)" characteristic.

For any Amortizing Loan, the Depositor instructed us to use "0" for the "IO Term as of Origination Date (mos.)" characteristic.

8. Using the:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. First Rate Adjustment Date,

as shown on the Final Data File, we recalculated the "Original Term to Rate Adjustment Date" of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

9. Using the:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Original Term to Rate Adjustment Date,

as shown on the Final Data File, we recalculated the "Remaining Term to First Adjustment Date" of each Mortgage Loan (except for any Post-Reset Mortgage Loan (as defined herein), which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For any Post-Reset Mortgage Loan, as shown on the Final Data File the Depositor instructed us to use "0" for the " Remaining Term to First Adjustment Date" characteristic.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 4 of 13 |

---

10. Using the greater of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Interest Rate Floor as of Rate Change Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The sum of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Loan Margin and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Assumed Benchmark Index Value,

as shown on the Final Data File, we recalculated the "Assumed Adjustment Interest Rate" of each Pre-Reset Mortgage Loan (as defined herein).

For any Post-Reset Mortgage Loan, the Depositor instructed us to use "N/A" for the "Assumed Adjustment Interest Rate" characteristic.

For the 51-55 Veronica Place Mortgage Loan and the Mortgage Loan identified on the Final Data File as "808 Georgia Avenue" (the "808 Georgia Avenue Mortgage Loan"), the Depositor instructed us to use "7.875%" and "6.750%" for the "Assumed Adjustment Interest Rate" characteristic, respectively.

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

11. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Origination Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Assumed Balance at Rate Reset,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Amortization Term as of Origination Date (mos.),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Amortization Term as of Rate Reset (mos.),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Interest Rate as of Pre-Adjustment Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Assumed Adjustment Interest Rate,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Monthly Debt Service as of Pre-Adjustment Date (P&I),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Annual Debt Service as of Pre-Adjustment Date (P&I),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Assumed Post-Adjustment Monthly Debt Service (P&I),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Assumed Post-Adjustment Annual Debt Service (P&I),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Monthly Debt Service as of Cut-off Date (P&I) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Annual Debt Service as of Cut-off Date (P&I)

of each Mortgage Loan, as applicable.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 5 of 13 |

---

11. (continued)

For any Stabilization Trigger Loan (as defined herein), the Depositor instructed us to use the respective value in the related Cross River Bank loan information schedule Source Document for the "Monthly Debt Service as of Pre-Adjustment Date (P&I)" characteristic.

For any Mortgage Loan with the "IO Period End Date" characteristic equal to or greater than the "First Rate Adjustment Date" characteristic, as shown on the Final Data File (each, a "Pre-Reset IO Loan"), the Depositor instructed us to use "N/A" for the "Monthly Debt Service as of Pre-Adjustment Date (P&I)" and "Annual Debt Service as of Pre-Adjustment Date (P&I)" characteristics.

For any Mortgage Loan listed in the table below (the "Pre-Reset Defined P&I Loan(s)"), the Depositor instructed us to use the amount shown in the "Monthly Debt Service as of Pre-Adjustment Date (P&I)" column of the table below for the "Monthly Debt Service as of Pre-Adjustment Date (P&I)" characteristic.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Mortgage Loan</u>** | &nbsp;&nbsp;**<u>Monthly Debt Service as of Pre-Adjustment Date (P&I)</u>** |
| &nbsp;&nbsp;227 Grand Street | &nbsp;&nbsp;$161796.88 |
| &nbsp;&nbsp;1200 Bedford Avenue | &nbsp;&nbsp;$21788.86 |
| &nbsp;&nbsp;808 Georgia Avenue | &nbsp;&nbsp;$66930.65 |
| &nbsp;&nbsp;1053 Jefferson Avenue | &nbsp;&nbsp;$7755.94 |
| &nbsp;&nbsp;1048 Decatur Street | &nbsp;&nbsp;$8283.06 |
| &nbsp;&nbsp;51-55 Veronica Place | &nbsp;&nbsp;N/A |

---

For any Mortgage Loan that is not a Stabilization Trigger Loan, Pre-Reset IO Loan or Pre-Reset Defined P&I Loan, the Depositor instructed us to recalculate, the "Monthly Debt Service as of Pre-Adjustment Date (P&I)" characteristic using the "PMT" function in Microsoft Excel, rounded to two decimal places, and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Origination Date Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Amortization Term as of Origination Date (mos.)," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 1/12<sup>th</sup> of the "Interest Rate as of Pre-Adjustment Date," as shown on the Final Data File.

For any Mortgage Loan that is not a Pre-Reset IO Loan, the Depositor instructed us to use the product of twelve (12) times the "Monthly Debt Service as of Pre-Adjustment Date (P&I)," as shown on the Final Data File, to recalculate the "Annual Debt Service as of Pre-Adjustment Date (P&I)" characteristic.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 6 of 13 |

---

11. (continued)

For any Post-Reset Mortgage Loan, the Depositor instructed us to use "N/A" for the "Assumed Post-Adjustment Monthly Debt Service (P&I)" and "Assumed Post-Adjustment Annual Debt Service (P&I)" characteristics.

For the 51-55 Veronica Place Mortgage Loan and 808 Georgia Avenue Mortgage Loan, the Depositor instructed us to use "$32,476.79" and "$64,638.17" for the "Assumed Post-Adjustment Monthly Debt Service (P&I)" characteristic, respectively, and to use the product of twelve (12) times the "Assumed Post-Adjustment Monthly Debt Service (P&I)," as shown on the Final Data File, to recalculate the "Assumed Post-Adjustment Annual Debt Service (P&I)" characteristic.

For any Mortgage Loan that is not a Post-Reset Mortgage Loan, the Depositor instructed us to recalculate, the "Assumed Post-Adjustment Monthly Debt Service (P&I)" characteristic using the "PMT" function in Microsoft Excel, rounded to two decimal places, and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Assumed Balance as Rate Reset," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Amortization Term as of Rate Reset (mos.)," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 1/12<sup>th</sup> of the "Assumed Adjustment Interest Rate," as shown on the Final Data File.

For any Mortgage Loan that is not a Post-Reset Mortgage Loan, the Depositor instructed us to use the product of twelve (12) times the "Assumed Post-Adjustment Monthly Debt Service (P&I)," as shown on the Final Data File, to recalculate the "Assumed Post-Adjustment Annual Debt Service (P&I)" characteristic.

For any Pre-Reset Mortgage Loan, the Depositor instructed us to use the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Monthly Debt Service as of Pre-Adjustment Date (P&I) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Annual Debt Service as of Pre-Adjustment Date (P&I),

as shown on the Final Data File, for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Monthly Debt Service as of Cut-off Date (P&I) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Annual Debt Service as of Cut-off Date (P&I)

characteristics, respectively.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 7 of 13 |

---

11. (continued)

For any Post-Reset Mortgage Loan, the Depositor instructed us to use the related Cross River Bank loan information schedule Source Document for the "Monthly Debt Service as of Cut-off Date (P&I)" characteristic.

For the 51-55 Veronica Place Mortgage Loan, 808 Georgia Avenue Mortgage Loan and the Mortgage Loans identified on the Final Data File as "949 Willoughby Avenue" and "1048 Decatur Street," the Depositor instructed us to use "N/A," "$66,930.65," "$68,746.17" and "$10,567.40" for the "Monthly Debt Service as of Cut-off Date (P&I)" characteristic, respectively.

For each Mortgage Loan, the Depositor instructed us to use the product of twelve (12) times the "Monthly Debt Service as of Cut-off Date (P&I)," as shown on the Final Data File, to recalculate the "Annual Debt Service as of Cut-off Date (P&I)" characteristic.

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

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

12. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Origination Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Cut-Off Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mortgage Rate as of Cut-off Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Interest Rate as of Pre-Adjustment Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Accrual Type,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Monthly Debt Service as of Pre-Adjustment Date (IO),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Annual Debt Service as of Pre-Adjustment Date (IO),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Monthly Debt Service as of Cut-off Date (IO) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Annual Debt Service as of Cut-off Date (IO)

of each Mortgage Loan, as applicable.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 8 of 13 |

---

12. (continued)

For the purpose of recalculating the "Monthly Debt Service as of Pre-Adjustment Date (IO)" characteristic for any Mortgage Loan listed in the table below, the Depositor instructed us to use the amount shown in the "Monthly Debt Service as of Pre-Adjustment Date (IO)" column of the table below.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Mortgage Loan</u>** | &nbsp;&nbsp;**<u>Monthly Debt Service as of Pre-Adjustment Date (IO)</u>** |
| &nbsp;&nbsp;1261 Pacific Street | &nbsp;&nbsp;$12687.50 |
| &nbsp;&nbsp;602 44th Street | &nbsp;&nbsp;$9114.60 |
| &nbsp;&nbsp;45 Lenox Road | &nbsp;&nbsp;$101250.00 |
| &nbsp;&nbsp;311 Blake Street | &nbsp;&nbsp;$50625.00 |
| &nbsp;&nbsp;1200 Bedford Avenue | &nbsp;&nbsp;$19104.17 |
| &nbsp;&nbsp;374 Eastern Parkway | &nbsp;&nbsp;$14875.00 |
| &nbsp;&nbsp;51-55 Veronica Place | &nbsp;&nbsp;$25590.35 |
| &nbsp;&nbsp;1053 Jefferson Avenue | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;1048 Decatur Street | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;2158 Pitkin Avenue & 445 Liberty Avenue | &nbsp;&nbsp;N/A |

---

For the purpose of recalculating the "Monthly Debt Service as of Pre-Adjustment Date (IO)" for any Partial IO Loan (as defined herein) and which has an "Accrual Type" of "30/360," as shown on the Final Data File, the Depositor instructed us to recalculate the "Monthly Debt Service as of Pre-Adjustment Date (IO)" as 1/12<sup>th</sup> of the product, rounded to two decimal places, of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Origination Date Balance and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Interest Rate as of Pre-Adjustment Date,

as shown on the Final Data File.

For the purpose of recalculating the "Monthly Debt Service as of Pre-Adjustment Date (IO)" for any Partial IO Loan which has an "Accrual Type" of "Actual/360," as shown on the Final Data File, the Depositor instructed us to recalculate the "Monthly Debt Service as of Pre-Adjustment Date (IO)" as 1/12<sup>th</sup> of the product, rounded to two decimal places, of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Origination Date Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Interest Rate as of Pre-Adjustment Date," as shown on the Final Data File, and

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

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 9 of 13 |

---

12. (continued)

For the purpose of recalculating the "Monthly Debt Service as of Cut-off Date (IO)" characteristic for any Mortgage Loan listed in the table below, the Depositor instructed us to use the amount shown in the "Monthly Debt Service as of Cut-off Date (IO)" column of the table below.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Mortgage Loan</u>** | &nbsp;&nbsp;**<u>Monthly Debt Service as of Cut-off Date (IO)</u>** |
| &nbsp;&nbsp;1261 Pacific Street | &nbsp;&nbsp;$12687.50 |
| &nbsp;&nbsp;45 Lenox Road | &nbsp;&nbsp;$101250.00 |
| &nbsp;&nbsp;311 Blake Street | &nbsp;&nbsp;$50625.00 |
| &nbsp;&nbsp;51-55 Veronica Place | &nbsp;&nbsp;$25590.35 |

---

For the purpose of recalculating the "Monthly Debt Service as of Cut-off Date (IO)" for any Partial IO Loan in which the "IO Period End Date" is on or after the respective Cut-off Date, and which has an "Accrual Type" of "30/360," as shown on the Final Data File, the Depositor instructed us to recalculate the "Monthly Debt Service as of Cut-off Date (IO)" as 1/12<sup>th</sup> of the product, rounded to two decimal places, of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Cut-Off Date Balance and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mortgage Rate as of Cut-off Date,

as shown on the Final Data File.

For the purpose of recalculating the "Monthly Debt Service as of Cut-off Date (IO)" for any Partial IO Loan in which the "IO Period End Date" is on or after the respective Cut-off Date and which has an "Accrual Type" of "Actual/360," as shown on the Final Data File, the Depositor instructed us to recalculate the "Monthly Debt Service as of Cut-off Date (IO)" as 1/12<sup>th</sup> of the product, rounded to two decimal places, of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Cut-Off Date Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Mortgage Rate as of Cut-off Date," as shown on the Final Data File, and

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

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 10 of 13 |

---

12. (continued)

For any Partial IO Loan in which the "IO Period End Date" is prior to the respective Cut-off Date, as shown on the Final Data File, the Depositor instructed us to use "N/A" for the "Monthly Debt Service as of Cut-off Date (IO)" and "Annual Debt Service as of Cut-off Date (IO)" characteristics.

For any Partial IO Loan, the Depositor instructed us to recalculate the "Annual Debt Service as of Pre-Adjustment Date (IO)" as the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Monthly Debt Service as of Pre-Adjustment Date (IO)," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 12.

For any Partial IO Loan in which the "IO Period End Date" is on or after the respective Cut-off Date, the Depositor instructed us to recalculate the "Annual Debt Service as of Cut-off Date (IO)" as the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Monthly Debt Service as of Cut-off Date (IO)," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 12.

For any Amortizing Loan, the Depositor instructed us to show "N/A" for the characteristics listed in i. through iv. above.

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

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 11 of 13 |

---

13. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Servicing Tape Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Servicing Tape Balance Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Accrual Type,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. IO Period End Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Interest Rate as of Pre-Adjustment Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. First Rate Adjustment Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Monthly Debt Service as of Pre-Adjustment Date (P&I),

as applicable, as shown on the Final Data File, and the Multiple Property Loan Calculation Methodology for the Underlying Properties associated with each Multiple Property Loan, as applicable, we recalculated the principal balance of each Pre-Reset Mortgage Loan and Underlying Property, as applicable, as of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The Cut-off Date of each Pre-Reset Mortgage Loan and Underlying Property (the "Cut-off Date Balance") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The "First Rate Adjustment Date" of each Pre-Reset Mortgage Loan and Underlying Property ("Assumed Balance at Rate
Reset"),

assuming all scheduled payments of principal and/or interest on the Pre-Reset Mortgage Loans are made and there are no prepayments or other unscheduled collections beginning on the monthly payment date following the Servicing Tape Balance Date. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the 51-55 Veronica Place Mortgage Loan, 808 Georgia Avenue Mortgage Loan and Mortgage Loan identified on the Final Data File as "2723 Atlantic Avenue," the Depositor instructed us to use "$4,235,643.91," "$8,003,338.02" and "$1,157,561.69" for the "Cut-off Date Balance" characteristic, respectively, and "$4,235,643.91," "$7,304,495.19" and "$1,138,324.25" for the "Assumed Balance at Rate Reset" characteristic, respectively.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Ignore differences of +/- $3 or less and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Use the "Cut-off Date Balance" for any Pre-Reset Mortgage Loan which is interest-only through the "First Rate Adjustment
Date," as shown on the Final Data File, for the "Assumed Balance at Rate Reset" characteristic.

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 12 of 13 |

---

14. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Servicing Tape Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Servicing Tape Balance Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Accrual Type,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. IO Period End Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Mortgage Rate as of Cut-off Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Monthly Debt Service as of Cut-off Date (P&I),

as applicable, as shown on the Final Data File, we recalculated the "Cut-off Date Balance" of each Post-Reset Mortgage Loan assuming all scheduled payments of principal and/or interest on the Post-Reset Mortgage Loans are made and there are no prepayments or other unscheduled collections beginning on the monthly payment date following the Servicing Tape Balance Date. For each Post-Reset Mortgage Loan, the Depositor instructed us to use "N/A" for the "Assumed Balance at Rate Reset" characteristic. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to ignore differences of +/- $3 or less.

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 13 of 13 |

---

15. Using:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Information on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The applicable instructions, assumptions and methodologies described in the Draft Preliminary Offering Circular and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The instructions, assumptions and methodologies, as applicable, provided by the Depositor described in the succeeding paragraph(s)
of this Item,

we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Current UW NOI DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Current UW NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Cut-Off LTV,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Assumed Maturity LTV,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Current UW NOI DY,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Current UW NCF DY,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Balance Per Unit (Total) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Balance Per Unit (Residential),

as applicable, of each Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement. For the purpose of this procedure, the Depositor instructed us to round the characteristics listed in i. and ii. to two decimal places and the characteristics listed in iii. through vi. to the nearest 1/10<sup>th</sup> of one percent.

16. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. No. of Rent Stabilized Residential Units,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. No. of Rent Controlled Residential Units and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. No. of Residential Units,

as shown on the Final Data File, we recalculated the "Rent Regulated Residential Units %" of each mortgaged property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For any mortgaged property with the "No. of Residential Units" characteristic as "0," the Depositor instructed us to use "N/A" for the "Rent Regulated Residential Units%" characteristic.

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

**Exhibit 1 to Attachment A**<br>

**<u>Multiple Property Loan Calculation Methodology</u>**

---

| | | |
|:---|:---|:---|
| **<u>Multiple Property Loan</u>** | **<u>Characteristic</u>** | **<u>Methodology Provided by the Depositor</u>** |
|  · 85 Eastern Parkway & 1324 Carroll Street<br> · 152-164 Woodpoint Road & 302 Bedford Avenue<br> · W Equities BK Portfolio<br> · 2158 Pitkin Avenue & 445 Liberty Avenue<br> · 918, 931-935 Utica Avenue | Origination Date Balance, Cut-Off Date Balance and Assumed Balance at Rate Reset | The indicated characteristics are allocated pro-rata to the respective Underlying Properties using the "Appraised Value" for each respective Underlying Property that is stated in the applicable Source Document(s) |

---

---

| | |
|:---|:---|
| **<u>Note</u>:** | Certain capitalized terms in the "Characteristic" and "Methodology Provided by the Depositor" columns that have not previously been defined are defined in Attachment A or Exhibit 2 to Attachment A. |

---

**Exhibit 2 to Attachment A**<br> Page 1 of 10<br>

**Compared Characteristics and Source Documents**

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Street Address | Appraisal Report |
| City | Appraisal Report |
| State | Appraisal Report |
| Zip | Appraisal Report or USPS Internet Site |
| County | Appraisal Report or USPS Internet Site |
| Property Type | Appraisal Report |
| Property Sub-Type | Appraisal Report |
| Commercial Unit Type | Appraisal Report |
| Year Built | Appraisal Report or Property Condition Report |
| Year Renovated | Appraisal Report or Property Condition Report |
| No. of Residential Units | Borrower Rent Roll, Leases or Appraisal Report |
| No. of Rent Stabilized Residential Units | Borrower Rent Roll, Leases or Appraisal Report |
| No. of Rent Controlled Residential Units | Borrower Rent Roll, Leases or Appraisal Report |
| No. of Commercial Units | Borrower Rent Roll, Leases or Appraisal Report |
| Total Units | Borrower Rent Roll, Leases or Appraisal Report |

---

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Appraisal Firm | Appraisal Report |
| Appraisal Date | Appraisal Report |
| Appraised Value | Appraisal Report |
| Appraisal Cap Rate | Appraisal Report |
| Appraisal Effective Gross Revenue | Appraisal Report |
| Appraisal Operating Expenses | Appraisal Report |
| Appraisal NOI | Appraisal Report |
| Appraisal Capex | Appraisal Report |
| Appraisal NCF | Appraisal Report |

---

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

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Current UW Date | Underwriter's Summary Report |
| Current UW Multifamily Occupancy Rate | Underwriter's Summary Report |
| Current UW Commercial Occupancy Rate | Underwriter's Summary Report |
| Current UW Multifamily EGI | Underwriter's Summary Report |
| Current UW Commercial EGI | Underwriter's Summary Report |
| Current UW EGI | Underwriter's Summary Report |
| Current UW Expenses | Underwriter's Summary Report |
| Current UW NOI | Underwriter's Summary Report |
| Current UW Cap Ex | Underwriter's Summary Report |
| Current UW NCF | Underwriter's Summary Report |
| Current UW Commercial EGI as % of Total EGI | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 3 of 10<br>

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Mortgage Lien Position | Final Title Policy or Pro Forma Title Policy |
| Encumbered Interest | Final Title Policy or Pro Forma Title Policy |
| Guarantor | Guaranty Agreement |
| Borrowing Entity | Promissory Note or Amended or Restated Promissory Note |
| Origination Date Balance | Promissory Note or Amended and Restated Promissory Note |
| Note Date | Promissory Note or Amended and Restated Promissory Note |
| Pre / Post Rate Reset | Promissory Note or Amended and Restated Promissory Note |
| First Monthly Payment Date | Promissory Note or Amended and Restated Promissory Note |
| IO Period End Date | Promissory Note, Cross River Bank Loan Information Schedule or Amended and Restated Promissory Note |
| First Rate Adjustment Date | Promissory Note or Amended and Restated Promissory Note |
| Next Rate Adjustment Date | Promissory Note, Cross River Bank Loan Information Schedule or Amended and Restated Promissory Note |
| Scheduled Maturity Date | Promissory Note or Amended and Restated Promissory Note |
| Extension Options (Y/N) | Promissory Note or Amended and Restated Promissory Note |
| Extension Options Description | Promissory Note or Amended and Restated Promissory Note |
| Fully Extended Maturity | Promissory Note or Amended and Restated Promissory Note |
| Grace Period | Promissory Note or Amended and Restated Promissory Note |
| Loan Term Type | Promissory Note or Amended and Restated Promissory Note |
| Accrual Type | Promissory Note or Amended and Restated Promissory Note |

---

**Exhibit 2 to Attachment A**<br> Page 4 of 10<br>

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Loan Margin | Promissory Note or Amended and Restated Promissory Note |
| Amortization Term as of Origination Date (mos.) | Promissory Note or Amended and Restated Promissory Note |
| Amortization Term as of Rate Reset (mos.) | Promissory Note, Cross River Bank Loan Information Schedule or Amended and Restated Promissory Note |
| Rate Rounding Methodology | Promissory Note or Amended and Restated Promissory Note |
| Interest Rate as of Pre-Adjustment Date | Promissory Note, Cross River Bank Loan Information Schedule or Amended and Restated Promissory Note |
| Interest Rate Floor as of Rate Change Date | Promissory Note or Amended and Restated Promissory Note |
| Interest Ceiling as of Rate Change Date | Promissory Note or Amended and Restated Promissory Note |
| Prepayment String | Promissory Note or Amended and Restated Promissory Note |

---

**Exhibit 2 to Attachment A**<br> Page 5 of 10<br>

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

1. For the purpose of comparing the "Street Address," "City" and "State" characteristics, the Depositor
instructed us to ignore differences that are due to standard postal abbreviations.

2. For the purpose of comparing the "Property Type" characteristic, the Depositor instructed us to use the property
type that accounts for the majority of the mortgaged property's gross potential rent (except for any mortgaged property described
in the succeeding paragraph(s) of this Note), as shown in the applicable Source Document(s).

With respect to any mortgaged property listed in the table below, each of which is secured by more than one property type, as shown in the applicable Source Document(s), the Depositor instructed us to use "Mixed-Use" for the "Property Type" characteristic.

---

| |
|:---|
| **Mortgaged Property** |
| &nbsp;&nbsp;227 Grand Street |
| &nbsp;&nbsp;302 Bedford Avenue |
| &nbsp;&nbsp;511 Canal Street |
| &nbsp;&nbsp;163 Court Street |
| &nbsp;&nbsp;776 Franklin Avenue |
| &nbsp;&nbsp;540 West 41st Street |
| &nbsp;&nbsp;555-581 Bank Street |
| &nbsp;&nbsp;1781 Ocean Avenue |
| &nbsp;&nbsp;394-412 Lyons Avenue |
| &nbsp;&nbsp;2128-2130 Flatbush Avenue |
| &nbsp;&nbsp;293 Court Street |
| &nbsp;&nbsp;918 Utica Avenue |
| &nbsp;&nbsp;931-935 Utica Avenue |
| &nbsp;&nbsp;1458 Fulton Street |
| &nbsp;&nbsp;2723 Atlantic Avenue |
| &nbsp;&nbsp;2305 Sedgwick Avenue |
| &nbsp;&nbsp;118 & 122 Old Bergen Road |

---

**Exhibit 2 to Attachment A**<br> Page 6 of 10<br>

3. For the purpose of comparing the "Underwriting Information" and "Third Party Information" characteristics
that are expressed as dollar values (except for the "Appraised Value" characteristic), the Depositor instructed us to
ignore differences of +/- $3 or less.

4. For the purpose of comparing the "Origination Date Balance" characteristic for any Mortgage Loan with future advances
described in the applicable Source Document(s), the Depositor instructed us to use the full loan balance including any future advances
contingent on stabilization, as described in the applicable Source Document(s).

5. For the purpose of comparing the "Pre / Post Rate Reset" characteristic, the Depositor instructed us to use "Pre-Reset"
if the "Remaining Term to First Rate Adjustment Date" is greater than "0," as shown on the Preliminary Data
File (each, a "Pre-Reset Mortgage Loan"), and "Post-Reset" if the "Remaining Term to First Rate
Adjustment Date" is equal to "0," as shown on the Preliminary Data File (each, a "Post-Reset Mortgage
Loan").

6. For the purpose of comparing the "First Rate Adjustment Date" characteristic for any Post-Reset Mortgage Loan, the Depositor
instructed us to use "N/A" for the "Next Rate Adjustment Date" characteristic.

For the purpose of comparing the "Next Rate Adjustment Date" characteristic for any Pre-Reset Mortgage Loan, the Depositor instructed us to use the "First Rate Adjustment Date" characteristic, as shown on the Preliminary Data File.

For the purpose of comparing the "First Rate Adjustment Date" and "Next Rate Adjustment Date" characteristics for the Mortgage Loans identified on the Preliminary Data File as "1048 Decatur Street," "1053 Jefferson Avenue," "2158 Pitkin Avenue & 445 Liberty Avenue," "50-54 Clarkson Avenue" and "422 East 31st Street" (each, a "Stabilization Trigger Loan"), the Depositor instructed us to ignore interest rate adjustment dates associated with stabilization triggers.

7. For the purpose of comparing the "Amortization Term as of Origination Date (mos.)" characteristic for any Mortgage Loan
with an "IO Term as of Origination Date (mos.)" greater than "0" (each, a "Partial IO Loan")
and with "IO Period End Date" on or after the respective "First Rate Adjustment Date," as shown on the Preliminary
Data File, the Depositor instructed us to use the "Amortization Term as of Rate Reset (mos.)," as shown on the Preliminary
Data File.

**Exhibit 2 to Attachment A**<br> Page 7 of 10<br>

8. For certain Mortgage Loans, the applicable Source Document(s) may contain one of the following defined terms:

*"No prepayment premium shall be due to the extent the prepayment is made sixty (60) days prior to..."*

 

*"No Prepayment Fee shall be due to the extent the prepayment is made ninety (90) days prior to…"*

 

*"No Prepayment Fee shall be due to the extent the prepayment is made 120 days prior to…"*

For the purpose of comparing the "Prepayment String" characteristic, the Depositor instructed us to assume "sixty (60) days prior to" the end of the year specified in the applicable Source Document(s) means the Mortgage Loan can be prepaid without a prepayment premium on or after two months prior to the end of the specified year.

For the purpose of comparing the "Prepayment String" characteristic, the Depositor instructed us to assume "ninety (90) days prior to" the end of the year specified in the applicable Source Document(s) means the Mortgage Loan can be prepaid without a prepayment premium on or after three months prior to the end of the specified year.

For the purpose of comparing the "Prepayment String" characteristic, the Depositor instructed us to assume "120 days prior to" the end of the year specified in the applicable Source Document(s) means the Mortgage Loan can be prepaid without a prepayment premium on or after four months prior to the end of the specified year.

For the purpose of comparing the "Prepayment String" characteristic, the Depositor instructed us to assume each Mortgage Loan can be prepaid without a prepayment premium on its respective "Scheduled Maturity Date."

For the avoidance of doubt, the Depositor instructed us to use each respective year for prepayment purposes based on the prepayment section of the applicable Source Document(s) for the purpose of comparing the "Prepayment String" characteristic, even if such language results with a prepayment penalty on a reset date.

**Exhibit 2 to Attachment A**<br> Page 8 of 10<br>

For the purpose of comparing the "Prepayment String" characteristic, the Depositor instructed us to ignore any prepayment premiums or other conditions related to free prepayments, mandatory prepayment events, liquidated damages, prepayments triggered by or during an event of default, pre-securitization prepayment trigger events, partial release events, partial prepayments, purchase option events, loss of use events, permitted outparcel releases due to transfers, partial prepayments to cure certain trigger periods, prepayments made in connection with a casualty or condemnation event or prepayments made in connection with the release of funds from any earnout/holdback reserve(s), as applicable, as described in the applicable Source Document(s).

9. The Cross River Bank loan information schedule Source Document is a Microsoft Excel file labeled "Project Top Gun - Servicing
Confirmation Schedule (10.16.2025) for EY v5.xlsx" provided by the Depositor on 21 October 2025.

10. For each Mortgage Loan and Underlying Property, as applicable, listed in the table below, the Depositor instructed us to use the value,
as shown on the Preliminary Data File, for the applicable characteristic listed in the table below, even if the information on the Preliminary
Data File did not agree with the corresponding information that was shown in the applicable Source Document(s) or the applicable Source
Document(s) were not provided to us.

---

| | | |
|:---|:---|:---|
| **Mortgage Loan** | **Underlying Property** | **Characteristic** |
| 13-15 Bethune Boulevard | NAP | Year Built |
| 45 Lenox Road | NAP | No. of Rent Stabilized Residential Units |
| 1801 Pitkin Avenue | NAP | No. of Rent Stabilized Residential Units |
| 435-441 Broadway | NAP | No. of Rent Stabilized Residential Units |
| 2723 Atlantic Avenue | NAP | Appraisal Capex |
| 25-63 36th Street | NAP | Note Date |
| 27 Van Buren Street | NAP | First Rate Adjustment Date |
| 503 West 144th Street | NAP | First Rate Adjustment Date |
| 50-54 Clarkson Avenue | NAP | First Rate Adjustment Date |
|  |  | IO Period End Date |

---

**Exhibit 2 to Attachment A**<br> Page 9 of 10<br>

---

| | | |
|:---|:---|:---|
| Mortgage Loan | Underlying Property | Characteristic |
| 949 Willoughby Avenue | NAP | Amortization Term as of Origination Date (mos.) |
|  |  | Amortization Term as of Rate Reset (mos.) |
|  |  | Interest Rate as of Pre-Adjustment Date |
|  |  | First Rate Adjustment Date |
|  |  | Next Rate Adjustment Date |
|  |  | First Monthly Payment Date |
|  |  | Origination Date Balance |
|  |  | Loan Term Type |
| 1053 Jefferson Avenue | NAP | Amortization Term as of Origination Date (mos.) |
|  |  | Amortization Term as of Rate Reset (mos.) |
|  |  | Interest Rate as of Pre-Adjustment Date |
|  |  | First Rate Adjustment Date |
|  |  | Next Rate Adjustment Date |
|  |  | First Monthly Payment Date |
|  |  | Origination Date Balance |
|  |  | Loan Term Type |
| 51-55 Veronica Place | NAP | Amortization Term as of Origination Date (mos.) |
|  |  | Amortization Term as of Rate Reset (mos.) |
|  |  | Interest Rate as of Pre-Adjustment Date |
|  |  | First Rate Adjustment Date |
|  |  | Next Rate Adjustment Date |
|  |  | Pre / Post Rate Reset |
|  |  | First Monthly Payment Date |
|  |  | Origination Date Balance |
|  |  | Loan Term Type |
| 808 Georgia Avenue | NAP | Amortization Term as of Origination Date (mos.) |
|  |  | Amortization Term as of Rate Reset (mos.) |
|  |  | Interest Rate as of Pre-Adjustment Date |
|  |  | First Rate Adjustment Date |
|  |  | Next Rate Adjustment Date |
|  |  | First Monthly Payment Date |
|  |  | Origination Date Balance |
|  |  | Loan Term Type |
|  |  | Pre / Post Rate Reset |
|  |  | Prepayment String |

---

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

---

| | | |
|:---|:---|:---|
| Mortgage Loan | Underlying Property | Characteristic |
| W Equities BK Portfolio | All Underlying Properties | Appraisal Firm |
|  |  | Appraisal Date |
|  |  | Appraised Value |
|  |  | Appraisal Cap Rate |
|  |  | Appraisal Effective Gross Revenue |
|  |  | Appraisal Operating Expenses |
|  |  | Appraisal NOI |
|  |  | Appraisal Capex |
|  |  | Appraisal NCF |
| 1048 Decatur Street | NAP | First Rate Adjustment Date |
|  |  | Next Rate Adjustment Date |
|  |  | Amortization Term as of Rate Reset (mos.) |
| 422 East 31st Street | NAP | First Rate Adjustment Date |
| 918, 931-935 Utica Avenue | NAP | Prepayment String |
| 25-35-39 Piedmont Street | NAP | Prepayment String |
| 2128-2130 Flatbush Avenue | NAP | Prepayment String |
| 511 Canal Street | NAP | Amortization Term as of Origination Date (mos.) |
| 267-271 Grand Street | NAP | Amortization Term as of Origination Date (mos.) |
| 2158 Pitkin Avenue & 445 Liberty Avenue | NAP | First Rate Adjustment Date |
|  |  | Note Date |

---

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

**Exhibit 3 to Attachment A**<br> Page 1 of 3<br>

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

---

| |
|:---|
| **<u>Characteristic</u>** |
| Name |
| Loan / Property Flag |
| Tape ID |
| Loan Purpose |
| Sponsor |
| Servicing Tape Balance |
| Servicing Tape Balance Date |
| Assumed Maturity Balance |
| Escrow Portion of Payment |
| Annual Tax Amount |
| Annual Insurance Amount |
| Holdback Amount |
| Holdback Description |
| Mortgage Rate as of Cut-off Date |
| Loan Status |
| Multifamily Historical Vacancy |
| Costar Submarket (Retail) |
| Retail Historical Vacancy |
| Costar Submarket (Office) |
| Office Historical Vacancy |
| Costar Submarket (Multi) |
| 421a (Yes / No) |
| Tax Abatement Description |
| 421a Start Year |
| 421a Expiration Year |
| 421a Abatement Term |
| 421a Phase Out Schedule |
| Benchmark as of Date |
| Assumed Benchmark Index Value |
| Cross-Collateralization Group |
| Footnote |
| Most Recently Available Occupancy Date |
| Most Recently Available Multifamily Occupancy Rate |
| Most Recently Available Commercial Occupancy Rate |
| Recourse Type |
| Recourse Provisions |

---

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

---

| |
|:---|
| **<u>Characteristic</u>** |
| Special Case Payment (Y/N) |
| Special Case Payment Note |
| Defined Pre-Reset Payment (Y/N) |
| Defined Pre-Reset IO Payment |
| Defined Pre-Reset P&I Payment |
| Post-Reset Payment (Y/N) |
| Post-Reset Payment |
| Special Case Payment Amount |
| Amortization Term Remaining as of Cut-Off Date (mos.) |
| Assumed Post-Adjustment Monthly Debt Service (IO) |
| Assumed Post-Adjustment Annual Debt Service (IO) |
| Intex Monthly P&I Payment |
| Intex IO Amount |
| IO Fee Daycount |
| IO Period Daycount |
| Pre / Post IO Period |
| Effective Exit Fee |
| Loan # |
| Most Recently Available NCF DSCR |
| Most Recently Available NOI DSCR |
| At Origination UW NOI DSCR |
| At Orig UW NCF DSCR |
| Most Recently Available NOI DY |
| At Orig UW NOI DY |
| Most Recently Available NCF DY |
| At Orig UW NCF DY |
| As of Date |
| At Orig UW Multifamily Occupancy Rate |
| At Orig UW Commercial Occupancy Rate |
| At Orig UW Commercial EGI as % of At Orig UW EGI |
| At Orig UW Available Effective Gross Revenue |
| At Orig UW Operating Expenses |
| At Orig UW NOI |
| At Orig UW Cap Ex |
| At Orig UW NCF |
| NYC Borough |
| Valuation Type |
| Most Recently Available Financials Type |
| Most Recently Available Financials Date |
| Most Recently Available EGI |
| Most Recently Available Expenses |
| Most Recently Available NOI |
| Most Recently Available Cap Ex |
| Most Recently Available NCF |
| Most Recently Available Commercial EGI % of Total EGI |

---

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

---

| |
|:---|
| **<u>Characteristic</u>** |
| Benchmark Index |
| Assumed Rate Adjustment Frequency (mos.) |
| Remaining Term to Next Adjustment Date |
| Updated Valuation Type |
| Updated Value |
| Min Current Value |
| Current UW NOI Post-Reset DSCR |
| Most Recently Available NOI Post-Reset DSCR |
| At Orig UW NOI Post-Reset DSCR |
| Most Recently Available NCF Post-Reset DSCR |
| At Orig UW NCF Post-Reset DSCR |
| At Origination Appraisal Report Date |
| At Origination Appraisal Value |
| Updated Valuation Report Date |

---

---

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

---

## Ex-2

**Exhibit 2**

---

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

---

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

CRB CM Depositor, LLC (the "Depositor")

Cross River Bank, a New Jersey State Chartered Bank ("CRB")

Cantor Fitzgerald & Co.

(collectively, the "Specified Parties")

---

| | |
|:---|:---|
| Re: | **CRB Commercial Mortgage Trust 2025-1 (the "Issuing Entity")** |
|  | **Commercial Mortgage Pass-Through Certificates, Series CRB 2025-CRE1 (the "Certificates")** |

---

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Specified Parties, for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to the Sample Mortgage Loans (as defined herein) contained on the Underwriting Files (as defined herein) (the "Subject Matter") relating to the Issuing Entity's securitization transaction as of 10 November 2025. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

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

For the purpose of the procedures described in this report, CRB, on behalf of the Depositor, provided us with the following information, as applicable, for each Sample Mortgage Loan:

a. An electronic data file labeled "Project Top Gun - Preliminary Tape & Strats (8.14.2025)" and the corresponding record
layout and decode information, as applicable (the "Provided Data File"), that CRB, on behalf of the Depositor, indicated contains
information relating to the Mortgage Loans (as defined herein),

b. Certain electronic data files (the "Borrower Operating Statement Data Files") prepared by the Mortgage Loan borrower(s)
containing revenue and expense information relating to the historical one year period (the "Historical Period") for the Collateral
Property or Collateral Properties (both as defined herein) that secure the Sample Mortgage Loan,

c. Certain electronic data files (the "Cross River Operating Statement Data Files") prepared by CRB containing revenue
and expense information relating to the Historical Period for the Collateral Property or Collateral Properties that secure the Sample
Mortgage Loan,

d. Certain electronic data files (the "Credit Memo Operating Statement Data Files") prepared
by CRB containing revenue and expense information relating to the Historical Period for the Collateral Property or Collateral Properties
that secure the Sample Mortgage Loan,

e. The most recent appraisal reports (the "Appraisals") prepared for CRB for the Collateral
Property or Collateral Properties that secure the Sample Mortgage Loan,

f. The most recent market reports (the "Costar Market Reports") for the Collateral Property
or Collateral Properties that secure the Sample Mortgage Loan,

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 2 of 4 |

---

g. Certain electronic data files containing the most recent escrow payments (the "Escrow History Files") for the Collateral
Property or Collateral Properties that secure the Sample Mortgage Loan,

h. Copies of the most recent insurance bills (the "Insurance Bills") for the Collateral Property or Collateral Properties
that secure the Sample Mortgage Loan,

i. The most recent electronic borrower rent roll files as of the dates shown on the Sample Mortgage Loan Schedule (as defined herein)
(the "Borrower Rent Roll Files") for the Collateral Property or Collateral Properties that secure the Sample Mortgage Loan,

j. The most recent electronic credit memo rent roll files (the "Credit Memo Rent Roll Files") for the Collateral Property
or Collateral Properties that secure the Sample Mortgage Loan,

k. The most recent electronic CRM prepared rent roll files (the "Cross River Rent Roll Files") for the Collateral Property
or Collateral Properties that secure the Sample Mortgage Loan,

l. An electronic underwriting file (the "Underwriting File") prepared by CRB containing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The revenue and expense information for the Historical Period and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The underwritten revenue and expense information for the underwritten period (the "Underwritten Period")

for the Collateral Property or Collateral Properties that secure the Sample Mortgage Loan,

m. Instructions, assumptions and methodologies (the "Underwriting Instructions and Adjustments") used to prepare the information
on the Underwriting Files, which were included as footnotes to the Underwriting Files and/or were separately provided in e-mail or
other written correspondence from CRB and

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

For the purpose of the procedures described in this report, CRB, on behalf of the Depositor, instructed us to perform the procedures described in this report only for the Sample Mortgage Loans shown on the sample mortgage loan schedule (the "Sample Mortgage Loan Schedule") containing the original principal balance of each Sample Mortgage Loan, which is shown on Exhibit 1 to Attachment A.

For certain Collateral Properties, we were instructed by CRB, on behalf of the Depositor, to obtain information relating to the current property taxes for each such Collateral Property from the applicable tax assessor website (each, a "Tax Assessor Website," and collectively, the "Tax Assessor Websites").

For the purpose of the procedures described in this report, the Borrower Operating Statement Data Files, Cross River Operating Statement Data Files, Credit Memo Operating Statement Data Files, Appraisals, Costar Market Reports, Escrow History Files, Insurance Bills, Borrower Rent Roll Files, Credit Memo Rent Roll Files, Cross River Rent Roll Files and Tax Assessor Websites are hereinafter collectively referred to as the "Source Documents."

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 3 of 4 |

---

The procedures included in Attachment A were limited to comparing or recalculating certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Provided Data File, Source Documents, Underwriting Files, Underwriting Instructions and Adjustments and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A with respect to the Underwriting Files. We have not verified, and we make no representation as to, the appropriateness, accuracy, completeness or reasonableness of the Provided Data File, Source Documents, Underwriting Instructions and Adjustments or any other information provided to us, or that we were instructed to obtain, as applicable, by CRB, on behalf of the Depositor, upon which we relied in forming our findings. We performed no procedures to compare any information contained in any Source Document to any information contained in any other Source Document. Accordingly, we make no representation and express no opinion or conclusion as to: (a) the existence of the Mortgage Loans, (b) the ability of any Mortgage Loan borrower(s) to repay the Mortgage Loans, (c) questions of legal or tax interpretation or (d) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Depositor or CRB, on behalf of the Depositor, that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

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

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | Page 4 of 4 |

---

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

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

b. Making any findings with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The value of the collateral securing the Mortgage Loans,

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

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

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

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

/s/ Ernst & Young LLP

10 November 2025

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 1 of 2 |

---

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

For the purpose of the procedures described in this report, the Depositor indicated that the assets of the Issuing Entity will primarily consist of a pool of mortgage loans (the "Mortgage Loans") which are secured by various types of commercial properties (each, a "Collateral Property" and collectively, the "Collateral Properties").

As instructed by CRB, on behalf of the Depositor, we selected the first ten (10) mortgage loans by original principal balance, as shown on Provided Data File and the Sample Mortgage Loan Schedule (collectively, the "Top 10 Mortgage Loans"), and a randomly selected sample of ten (10) mortgage loans shown on the Sample Mortgage Loan Schedule (collectively, the "10 Random Sample Mortgage Loans," together with the Top 10 Mortgage Loans, the "Sample Mortgage Loans") that were not a Top 10 Mortgage Loan from the Provided Data File.

For the purpose of the procedures described in this report, CRB, on behalf of the Depositor, did not inform us as to the basis for how they determined the number of the 10 Random Sample Mortgage Loans or the methodology they instructed us to use to select the 10 Random Sample Mortgage Loans from the Provided Data File.

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

 

*Underwritten Cashflow Comparison and Recalculation Procedures*

1. Using:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Information on the Underwriting File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Information in the Source Documents and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Underwriting Instructions and Adjustments

for each Sample Mortgage Loan, we recalculated and compared the underwritten revenue, expense and net operating income line items on the Underwriting File. We provided CRB a list of any differences that were found (subject to the instruction(s) provided by the Depositor described below).

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Use a materiality threshold for each underwritten revenue and expense line item of +/- 3%, calculated as a percentage
of the value as shown on the Underwriting File, which is also below $25,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Assume that an underwritten revenue or expense line item is based on the Historical Period if the Underwriting Instructions and Adjustments
do not include information for such revenue or expense line item.

---

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

---

2. Subsequent to the performance of the procedures described in the preceding Item, CRB, on behalf of the Depositor, provided us with
certain updated Underwriting Files for each Sample Mortgage Loan (as applicable), which in certain cases included updated Underwriting
Instructions and Adjustments. As instructed by the Depositor, we compared the results of the recalculations or comparisons for each Sample
Mortgage Loan that are described in the preceding Item to the corresponding information on the updated Underwriting Files (as applicable).
All such compared information was in agreement. Attached as Exhibit 2 to Attachment A is a schedule for each Sample Mortgage Loan (collectively,
the "AUP Findings Schedules"), which contains the primary Source Documents for each Sample Mortgage Loan that were used
to perform the procedures described in the preceding Item and the results of the comparison procedures described in the preceding two
sentences of this Item.

**Exhibit 1 to Attachment A**<br>

**<u>Sample Mortgage Loan Schedule</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**<u>Mortgage Loan</u>** | &nbsp;&nbsp;**10 Random Sample <u><br> Mortgage Loans</u>** | &nbsp;&nbsp;**Borrower Rent Roll<br> <u>File As of Date</u>** | &nbsp;&nbsp;**<u>Original Principal Balance</u>** |
| &nbsp;&nbsp;50-54 Clarkson Avenue | &nbsp;&nbsp;No | &nbsp;&nbsp;5/8/2025 | &nbsp;&nbsp; $39000000 |
| &nbsp;&nbsp;1-17 Jeanne Marie Gardens | &nbsp;&nbsp;No | &nbsp;&nbsp;1/1/2025 | &nbsp;&nbsp; $33000000 |
| &nbsp;&nbsp;227 Grand Street | &nbsp;&nbsp;No | &nbsp;&nbsp;9/9/2025 | &nbsp;&nbsp; $27000000 |
| &nbsp;&nbsp;45 Lenox Road | &nbsp;&nbsp;No | &nbsp;&nbsp;3/19/2025 | &nbsp;&nbsp; $18000000 |
| &nbsp;&nbsp;949 Willoughby Avenue | &nbsp;&nbsp;No | &nbsp;&nbsp;8/1/2025 | &nbsp;&nbsp; $11000000 |
| &nbsp;&nbsp;85 Eastern Parkway & 1324 Carroll Street | &nbsp;&nbsp;No | &nbsp;&nbsp;1/31/2025 | &nbsp;&nbsp; $10520000 |
| &nbsp;&nbsp;808 Georgia Avenue | &nbsp;&nbsp;No | &nbsp;&nbsp;12/31/2024 | &nbsp;&nbsp;$9500000 |
| &nbsp;&nbsp;311 Blake Street | &nbsp;&nbsp;No | &nbsp;&nbsp;3/7/2025 | &nbsp;&nbsp; $9000000 |
| &nbsp;&nbsp;152-164 Woodpoint Road & 302 Bedford Avenue | &nbsp;&nbsp;No | &nbsp;&nbsp;5/17/2024 | &nbsp;&nbsp; $7600000 |
| &nbsp;&nbsp;511 Canal Street | &nbsp;&nbsp;No | &nbsp;&nbsp;5/1/2025 | &nbsp;&nbsp;$7400000 |
| &nbsp;&nbsp;114-118 Elizabeth Street | &nbsp;&nbsp;Yes | &nbsp;&nbsp;4/10/2025 | &nbsp;&nbsp; $5700000 |
| &nbsp;&nbsp;455 Onderdonk Avenue | &nbsp;&nbsp;Yes | &nbsp;&nbsp;6/30/2025 | &nbsp;&nbsp; $4499000 |
| &nbsp;&nbsp;84-21 & 84-23 Lander Street | &nbsp;&nbsp;Yes | &nbsp;&nbsp;3/13/2025 | &nbsp;&nbsp; $2400000 |
| &nbsp;&nbsp;1261 Pacific Street | &nbsp;&nbsp;Yes | &nbsp;&nbsp;12/31/2024 | &nbsp;&nbsp; $2100000 |
| &nbsp;&nbsp;788 Greene Avenue | &nbsp;&nbsp;Yes | &nbsp;&nbsp;5/24/2024 | &nbsp;&nbsp; $1749000 |
| &nbsp;&nbsp;2128-2130 Flatbush Avenue | &nbsp;&nbsp;Yes | &nbsp;&nbsp;5/1/2025 | &nbsp;&nbsp; $1575000 |
| &nbsp;&nbsp;408-410 West 51st Street | &nbsp;&nbsp;Yes | &nbsp;&nbsp;4/9/2025 | &nbsp;&nbsp;$1500000 |
| &nbsp;&nbsp;394-412 Lyons Avenue | &nbsp;&nbsp;Yes | &nbsp;&nbsp;3/1/2025 | &nbsp;&nbsp; $1450000 |
| &nbsp;&nbsp;7402 17th Avenue | &nbsp;&nbsp;Yes | &nbsp;&nbsp;3/11/2025 | &nbsp;&nbsp; $1200000 |
| &nbsp;&nbsp;118 & 122 Old Bergen Road | &nbsp;&nbsp;Yes | &nbsp;&nbsp;7/30/2025 | &nbsp;&nbsp; $1157000 |

---

**Exhibit 2 to Attachment A**<br>

**<u>AUP Findings Schedules</u>**

---

| | | | |
|:---|:---|:---|:---|
| **50-54 Clarkson Avenue** | **50-54 Clarkson Avenue** | **50-54 Clarkson Avenue** | **50-54 Clarkson Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Report, Insurance Bill, Escrow History File, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **1-17 Jeanne Marie Gardens** | **1-17 Jeanne Marie Gardens** | **1-17 Jeanne Marie Gardens** | **1-17 Jeanne Marie Gardens** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Report, Escrow History File, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **227 Grand Street** | **227 Grand Street** | **227 Grand Street** | **227 Grand Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll, Costar Market Reports, Escrow History File, Insurance Bill, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **45 Lenox Road** | **45 Lenox Road** | **45 Lenox Road** | **45 Lenox Road** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Credit Memo Operating Statement Data File, Appraisal, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **949 Willoughby Avenue** | **949 Willoughby Avenue** | **949 Willoughby Avenue** | **949 Willoughby Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Report, Tax Assessor Website, Insurance Bill, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **85 Eastern Parkway & 1324 Carroll Street** | **85 Eastern Parkway & 1324 Carroll Street** | **85 Eastern Parkway & 1324 Carroll Street** | **85 Eastern Parkway & 1324 Carroll Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Credit Memo Rent Roll File, Appraisal, Credit Memo Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **808 Georgia Avenue** | **808 Georgia Avenue** | **808 Georgia Avenue** | **808 Georgia Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Cross River Operating Statement Data File and Cross River Rent Roll File | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **311 Blake Street** | **311 Blake Street** | **311 Blake Street** | **311 Blake Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Report, Credit Memo Operating Statement Data File, Appraisal, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **152-164 Woodpoint Road & 302 Bedford Avenue** | **152-164 Woodpoint Road & 302 Bedford Avenue** | **152-164 Woodpoint Road & 302 Bedford Avenue** | **152-164 Woodpoint Road & 302 Bedford Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Reports, Escrow History File, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **511 Canal Street** | **511 Canal Street** | **511 Canal Street** | **511 Canal Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Credit Memo Rent Roll File, Costar Market Report, Escrow History File, Insurance Bills, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **114-118 Elizabeth Street** | **114-118 Elizabeth Street** | **114-118 Elizabeth Street** | **114-118 Elizabeth Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Appraisal, Cross River Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **455 Onderdonk Avenue** | **455 Onderdonk Avenue** | **455 Onderdonk Avenue** | **455 Onderdonk Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Cross River Rent Roll File, Costar Market Report, Escrow History File, Cross River Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **84-21 & 84-23 Lander Street** | **84-21 & 84-23 Lander Street** | **84-21 & 84-23 Lander Street** | **84-21 & 84-23 Lander Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Credit Memo Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **1261 Pacific Street** | **1261 Pacific Street** | **1261 Pacific Street** | **1261 Pacific Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Credit Memo Rent Roll File, Escrow History File, Appraisal, Credit Memo Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **788 Greene Avenue** | **788 Greene Avenue** | **788 Greene Avenue** | **788 Greene Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Cross River Rent Roll File, Costar Market Report, Escrow History File, Credit Memo Operating Statement Data File, Borrower Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **2128-2130 Flatbush Avenue** | **2128-2130 Flatbush Avenue** | **2128-2130 Flatbush Avenue** | **2128-2130 Flatbush Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Cross River Rent Roll File, Costar Market Reports, Escrow History File, Cross River Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **408-410 West 51st Street** | **408-410 West 51st Street** | **408-410 West 51st Street** | **408-410 West 51st Street** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Report, Escrow History File, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **394-412 Lyons Avenue** | **394-412 Lyons Avenue** | **394-412 Lyons Avenue** | **394-412 Lyons Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Reports, Escrow History File, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **7402 17th Avenue** | **7402 17th Avenue** | **7402 17th Avenue** | **7402 17th Avenue** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Reports, Escrow History File, Cross River Operating Statement Data File, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **118 & 122 Old Bergen Road** | **118 & 122 Old Bergen Road** | **118 & 122 Old Bergen Road** | **118 & 122 Old Bergen Road** |
| The following item refers to the procedure described in Attachment A: | The following item refers to the procedure described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Sample Mortgage Loan, using the information on the Underwriting File, Source Documents and the Underwriting Instructions and Adjustments (footnotes), recalculate the underwritten revenue, expense and net operating income line items that are shown on the Underwriting File. Identify any variance above 3% and $25,000. | Borrower Rent Roll File, Costar Market Reports, Escrow History File, Borrower Operating Statement Data Files, Underwriting File and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---