# EDGAR Filing Document

**Accession Number:** 0001013454
**File Stem:** 0001539497-26-001255
**Filing Date:** 2026-4
**Character Count:** 51746
**Document Hash:** e065c58bfd44a7960a1d367a5cace9ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-001255.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001539497-26-001255

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260430

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

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE MORTGAGE & ASSET RECEIVING CORP
- **CENTRAL INDEX KEY:** 0001013454
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 043310019
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00564
- **FILM NUMBER:** 26926257

**BUSINESS ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** (212) 250-2500

**MAIL ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE MORTGAGE & ASSET RECEIVING CORP
- **CENTRAL INDEX KEY:** 0001013454
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 043310019
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** (212) 250-2500

**MAIL ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE MORTGAGE & ASSET RECEIVING CORP
- **CENTRAL INDEX KEY:** 0001013454
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 043310019
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00564

**BUSINESS ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** (212) 250-2500

**MAIL ADDRESS:**
- **STREET 1:** 60 WALL STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

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

**FORM ABS-15G**

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

**the Securities Exchange Act of 1934**

<br> Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:<br>[_] Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________________ to _________________

---

| |
|:---|
| &nbsp;&nbsp;Date of Report (Date of earliest event reported)______________________ |
| &nbsp;&nbsp;Commission File Number of securitizer: ____________________ |
| &nbsp;&nbsp;Central Index Key Number of securitizer: ___________________ |
| &nbsp;&nbsp;Name and telephone number, including area code, of the person to |
| &nbsp;&nbsp;contact in connection with this filing |
| &nbsp;&nbsp;Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [_] |
| &nbsp;&nbsp;Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [_] |
| &nbsp;&nbsp;Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [_] |

---

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

---

| |
|:---|
| &nbsp;&nbsp;Central Index Key Number of depositor: <u>0001013454</u> |
| &nbsp;&nbsp;BX Trust 2026-CIP |
| &nbsp;&nbsp;(Exact name of issuing entity as specified in its charter) |
| &nbsp;&nbsp;Central Index Key Number of issuing entity (if applicable): <u>N/A</u> |
| &nbsp;&nbsp;Central Index Key Number of underwriter (if applicable): <u>Not applicable</u> |
| &nbsp;&nbsp;Helaine M. Kaplan, (212) 250-5270 |
| &nbsp;&nbsp;Name and telephone number, including area code, of the person to |
| &nbsp;&nbsp;contact in connection with this filing |

---

**INFORMATION TO BE INCLUDED IN THE REPORT**

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

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

Attached as <u>Exhibit 1</u> hereto is an agreed-upon procedures report, dated April 30, 2026, 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.

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION | &nbsp;&nbsp;DEUTSCHE MORTGAGE & ASSET RECEIVING CORPORATION |
|  | &nbsp;&nbsp;(Depositor) |  |
| &nbsp;&nbsp; Date: April 30, 2026 |  |  |
|  | &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Helaine Kaplan |
|  |  | &nbsp;&nbsp;Name: Helaine Kaplan |
|  |  | &nbsp;&nbsp;Title: President |
|  |  | &nbsp;&nbsp;(senior officer in charge of securitization of the depositor) |
|  | &nbsp;&nbsp;By: | &nbsp;&nbsp;/s/ Matt Smith |
|  |  | &nbsp;&nbsp;Name: Matt Smith |
|  |  | &nbsp;&nbsp;Title: Director |
|  |  | &nbsp;&nbsp;(senior officer in charge of securitization of the depositor) |

---

Exhibit 1 Agreed-upon procedures report, dated April 30, 2026, 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**

Deutsche Mortgage & Asset Receiving Corporation (the "Depositor")

Deutsche Bank AG, New York Branch

German American Capital Corporation

Deutsche Bank Securities Inc.

Citi Real Estate Funding Inc.

Citigroup Global Markets Inc.

JPMorgan Chase Bank, National Association

J.P. Morgan Securities LLC

Goldman Sachs Mortgage Company

Goldman Sachs & Co. LLC

Goldman Sachs Bank USA

Nomura Corporate Funding Americas, LLC

Nomura Securities International, Inc.

(collectively, the "Specified Parties")

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Re:** | &nbsp;&nbsp;**BX Trust 2026-CIP (the "Issuing Entity")** |
|  | &nbsp;&nbsp;**Commercial Mortgage Pass-Through Certificates, Series 2026-CIP (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 Loan (as defined herein) contained on the Data Files (as defined herein) (the "Subject Matter") relating to the Issuing Entity's securitization transaction as of 30 April 2026. 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.

---

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

---

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. Copies of various source documents (the "Source Documents"), which are listed on Exhibit 1 to Attachment A,

c. 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,

d. 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,

e. 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,

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

g. 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, 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, 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 Loan, (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.

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](eylogo2.jpg) | &nbsp;&nbsp;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 Loan 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 Loan,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Whether the originator(s) of the Mortgage Loan 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 Loan 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

30 April 2026

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](eylogo2.jpg) | &nbsp;&nbsp; Attachment A<br>Page 1 of 5 |

---

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

For the purpose of the procedures described in this report, the Depositor indicated that:

a. The assets of the Issuing Entity will consist primarily of a floating rate commercial mortgage loan (the "Mortgage Loan")
and

b. The Mortgage Loan will be secured primarily by a portfolio of commercial properties (each, a "Property" and collectively,
the "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 Loan and Properties that is expected to be as of 8 May 2026 (the "Reference Date") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Record layout and decode information relating to the information on the Preliminary Data File.

Using the information in the Source Documents, we compared the Compared Characteristics listed on Exhibit 2 to Attachment A, as shown on the Preliminary Data File, to the corresponding information in the Source Documents indicated on Exhibit 2 to Attachment A, subject to the instructions, assumptions and methodologies stated in the notes on Exhibit 2 to Attachment A. If 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.

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.

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."

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](eylogo2.jpg) | &nbsp;&nbsp; Attachment A<br>Page 2 of 5 |

---

3. Subsequent to the performance of the procedures described in the Items above, we received from the Depositor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. 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 Loan and Properties as of the Reference Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Record layout and decode information relating to the information on the Final Data File.

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 Pmt Date," as shown on the Final Data File, we recalculated the "Seasoning" of the Mortgage
Loan as of the Reference 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 Pmt Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Maturity Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Fully Extended Maturity,

as shown on the Final Data File, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Original Term and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Original Term Extended

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

6. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seasoning,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Original Term and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Original Term Extended,

as shown on the Final Data File, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Remaining Term and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Remaining Term Extended

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](eylogo2.jpg) | &nbsp;&nbsp; Attachment A<br>Page 3 of 5 |

---

7. The applicable Source Document(s) indicate that the Mortgage Loan is interest-only for its entire term, including during any applicable
extension period options. Based on this information, the Depositor instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Use the "Original Term," as shown on the Final Data File, for the "IO Period" of the Mortgage Loan and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Use the "1st Mortgage Original Balance," 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. Principal balance of the Mortgage Loan and each Property as of the Reference Date (the "1st Mortgage Current Balance")
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Principal balance of the Mortgage Loan and each Property as of the "Maturity Date" of the Mortgage Loan (the "1st
Mortgage Balloon Balance").

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

8. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. SOFR Rounding and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 1st Mortgage SOFR Floor,

as shown on the Final Data File, and a SOFR assumption of 3.65000% provided by the Depositor, we recalculated the "Effective SOFR" of the 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. Effective SOFR and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 1st Mortgage Margin,

as shown on the Final Data File, we recalculated the "1st Mortgage Coupon" of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

10. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. 1st Mortgage Margin and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. SOFR Cap,

as shown on the Final Data File, we recalculated the "1st Mortgage Cap Coupon" of the Mortgage Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](eylogo2.jpg) | &nbsp;&nbsp; Attachment A<br>Page 4 of 5 |

---

11. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. 1st Mortgage Original Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 1st Mortgage Coupon,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 1st Mortgage Cap Coupon and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Rate Type,

as shown on the Final Data File, and the 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. 1st Mortgage Debt Service at SOFR and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 1st Mortgage Debt Service at Cap

of the 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 recalculate the "1st Mortgage Debt Service at SOFR" of the Mortgage Loan as the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "1st Mortgage Original Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "1st Mortgage Coupon," as shown on the Final Data File, and

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

For the purpose of this procedure, the Depositor instructed us to recalculate the "1st Mortgage Debt Service at Cap" of the Mortgage Loan as the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "1st Mortgage Original Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "1st Mortgage Cap Coupon," as shown on the Final Data File, and

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

12. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. 1st Mortgage Current Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Collateral SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 1st Mortgage Balloon Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. UW NOI,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. UW NCF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Aggregate "As-is" Appr. Value and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. "As Portfolio" Value,

as shown on the Final Data File, and the applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 1st Mortgage Current Balance / Square Foot,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 1st Mortgage "As Is" Current LTV,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 1st Mortgage "As Is" Maturity LTV,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. 1st Mortgage UW NOI Debt Yield,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. 1st Mortgage UW NCF Debt Yield,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Appraised Value / Square Foot and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. "As Portfolio" Appraised Value / Square Foot

of the Mortgage Loan and, with respect to i. and vi. above, of each Property. 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 ii. through v. above to the nearest 1/10<sup>th</sup> of one percent.

---

| | |
|:---|:---|
| &nbsp;&nbsp;![](eylogo2.jpg) | &nbsp;&nbsp; Attachment A<br>Page 5 of 5 |

---

13. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. 1st Mortgage Debt Service at SOFR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. 1st Mortgage Debt Service at Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. UW NOI and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. UW NCF,

as shown on the Final Data File, and the applicable calculation methodologies and assumptions described in the Draft Preliminary Offering Circular, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 1st Mortgage UW NOI DSCR at SOFR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 1st Mortgage UW NCF DSCR at SOFR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 1st Mortgage UW NOI DSCR at Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. 1st Mortgage UW NCF DSCR at Cap

of the 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. through iv. above to two decimal places.

14. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Master & Primary Fee Rate,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Cert Admin / Trustee Fee Rate,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Operating Advisor Fee and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. CREFC Fee,

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

15. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Collateral SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Largest Tenant Leased SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 2nd Largest Tenant Leased SF and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. 3rd Largest Tenant Leased SF,

as shown on the Final Data File, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Largest Tenant % of NSF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 2nd Largest Tenant % of NSF and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 3rd Largest Tenant % of NSF

of each Property, as applicable. 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**

Page 1 of 2

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

***<u>Mortgage Loan Source Documents</u>***

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Source Document Title</u>** | &nbsp;&nbsp;&nbsp;&nbsp;**<u>Source Document Date</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage Loan Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;28 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allocated Loan Amount Schedule | &nbsp;&nbsp;&nbsp;&nbsp;Not Dated |
| &nbsp;&nbsp;&nbsp;&nbsp;Promissory Note (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash Management Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guaranty Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Environmental Indemnity Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assignment of Interest Rate Cap Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Note Splitter Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposit Account Control Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assignment of Management Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Consolidation Opinion (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;29 April 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unfunded Obligations Summary (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;29 April 2026 |

---

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Source Document Title</u>** | &nbsp;&nbsp;&nbsp;&nbsp;**<u>Source Document Date</u>** |
| &nbsp;&nbsp;Portfolio Appraisal Report | &nbsp;&nbsp;&nbsp;&nbsp;28 April 2026 |
| &nbsp;&nbsp;Appraisal Reports | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Engineering Reports | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Phase I Environmental Reports | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Seismic Reports | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Underwriter's Summary Report | &nbsp;&nbsp;&nbsp;&nbsp;Not Dated |
| &nbsp;&nbsp;Underwritten Rent Roll | &nbsp;&nbsp;&nbsp;&nbsp;30 March 2026 |

---

**Exhibit 1 to Attachment A**

Page 2 of 2

 ****

***<u>Property Source Documents</u>*** (continued)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Source Document Title</u>** | &nbsp;&nbsp;&nbsp;&nbsp;**<u>Source Document Date</u>** |
| &nbsp;&nbsp;Insurance Documents | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Flood Determination Documents | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Market and Submarket Reports | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Bloomberg Screenshot(s) | &nbsp;&nbsp;&nbsp;&nbsp;Various |
| &nbsp;&nbsp;Releasing Spreads Reports | &nbsp;&nbsp;&nbsp;&nbsp;Not Dated |
| &nbsp;&nbsp;Pro Forma Title Policies | &nbsp;&nbsp;&nbsp;&nbsp;Not Dated |
| &nbsp;&nbsp;Property Management Agreement (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;23 April 2026 |
| &nbsp;&nbsp;Ground Lease Documents (see Note 1) | &nbsp;&nbsp;&nbsp;&nbsp;29 April 2026 |
| &nbsp;&nbsp;USPS Internet Site | &nbsp;&nbsp;&nbsp;&nbsp;Not Dated |

---

**<u>Note(s)</u>:**

1. The indicated provided Source Document(s) are draft document(s) with the Source Document Date reflecting the latest date of receipt.
For the purpose of the procedures described in this report, the Depositor instructed us to treat the indicated Source Document(s) as fully
executed.

**Exhibit 2 to Attachment A**

Page 1 of 7

**<u>Compared Characteristics and Source Documents</u>**

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Characteristic</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| &nbsp;&nbsp;Address | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report or USPS Internet Site |
| &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report or USPS Internet Site |
| &nbsp;&nbsp;Primary Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Secondary Type | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report, Engineering Report or Underwriter's Summary Report |
| &nbsp;&nbsp;Latest Renovation | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Occupancy | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;Collateral SF | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;Primary Unit of Measure | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;Market | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Clear Height | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Total Truck Doors | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Fee Simple / Leasehold | &nbsp;&nbsp;Pro Forma Title Policy |
| &nbsp;&nbsp;Ground Lease | &nbsp;&nbsp;Ground Lease Document |
| &nbsp;&nbsp;Fully Extended Ground Lease Exp. | &nbsp;&nbsp;Ground Lease Document |

---

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Characteristic</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| &nbsp;&nbsp;"As Portfolio" Value | &nbsp;&nbsp;Portfolio Appraisal Report |
| &nbsp;&nbsp;Aggregate "As-is" Appr. Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;"As-is" Value Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;FIRREA | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Date of Engineering Report | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Engineering Firm | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Located in Seismic Zone (Yes/No) | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Date of Seismic Report | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Seismic Firm | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;PML (%) | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Date of Phase I Report | &nbsp;&nbsp;Phase I Environmental Report |
| &nbsp;&nbsp;Environmental Firm | &nbsp;&nbsp;Phase I Environmental Report |
| &nbsp;&nbsp;Phase II Recommended (Yes/No) | &nbsp;&nbsp;Phase I Environmental Report |
| &nbsp;&nbsp;Single Tenant | &nbsp;&nbsp;Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**

Page 2 of 7

**<u>Major Tenant Information</u>:**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Characteristic</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| &nbsp;&nbsp;% Office | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Largest Tenant | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;Largest Tenant Leased SF | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;2nd Largest Tenant | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;2nd Largest Tenant Leased SF | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;2nd Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;3rd Largest Tenant | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;3rd Largest Tenant Leased SF | &nbsp;&nbsp;Underwritten Rent Roll |
| &nbsp;&nbsp;3rd Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwritten Rent Roll |

---

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Characteristic</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| &nbsp;&nbsp;UW EGI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;UW Expenses | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;UW NOI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;UW Replacement Reserves | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;UW TILC | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;UW NCF | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Most Recent Financial Statement Date | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Most Recent EGI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Most Recent Expenses | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Most Recent Replacement Reserves | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Most Recent TILC | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Most Recent NCF | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Second Most Recent Financial Statement Date | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Second Most Recent EGI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Second Most Recent Expenses | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Second Most Recent NOI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Second Most Recent Replacement Reserves | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Second Most Recent TILC | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Second Most Recent NCF | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Third Most Recent Financial Statement Date | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Third Most Recent EGI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Third Most Recent Expenses | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Third Most Recent NOI | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Third Most Recent Replacement Reserves | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Third Most Recent TILC | &nbsp;&nbsp;Underwriter's Summary Report |
| &nbsp;&nbsp;Third Most Recent NCF | &nbsp;&nbsp;Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**

Page 3 of 7

**<u>Reserve and Escrow Information</u>:**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Characteristic</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| &nbsp;&nbsp;Initial Tax Reserve | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Initial Insurance Reserve | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Initial Other Reserve | &nbsp;&nbsp;Unfunded Obligations Summary |
| &nbsp;&nbsp;Ongoing Tax Escrow | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Ongoing Insurance Escrow | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Ongoing Other Reserve | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Ongoing Other Reserve Description | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Interest Goes to Borrower? RE Tax | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Interest Goes to Borrower? Insurance | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Interest Goes to Borrower? Other Escrows | &nbsp;&nbsp;Mortgage Loan Agreement |

---

**Exhibit 2 to Attachment A**

Page 4 of 7

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;**<u>Characteristic</u>** | &nbsp;&nbsp;**<u>Source Document(s)</u>** |
| &nbsp;&nbsp;Originator | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Pro Forma Title Policy |
| &nbsp;&nbsp;1st Mortgage Original Balance | &nbsp;&nbsp;Allocated Loan Amount Schedule |
| &nbsp;&nbsp;SOFR Setting | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;SOFR Reset Frequency | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;1st Mortgage SOFR Floor | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Borr. Legal Name | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Recourse Carve Out Guarantees (Yes/No) | &nbsp;&nbsp;Guaranty Agreement |
| &nbsp;&nbsp;Recourse Guarantee Warm Body (Yes/No) | &nbsp;&nbsp;Guaranty Agreement |
| &nbsp;&nbsp;Recourse Guarantor Name | &nbsp;&nbsp;Guaranty Agreement |
| &nbsp;&nbsp;Payment Day | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Interest Accrual Begin | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Interest Accrual End | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Loan Type | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;First Pmt Date | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;1st. IO Date | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Extension Option | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Exit Fee | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Spread Step | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Fully Extended Maturity | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Aggregate Extension Options | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Partial Prepay Permitted (Provisions) | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Prepay Description | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Penalty Period | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Open Period | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Prepay Penalty Start Date | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Prepay Penalty End Date | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Grace Days Default | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Grace Days Late Fee | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Default Rate | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Late Fee | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;SPE | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Ind. Director | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Partial Release Permitted | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;LockBox Type | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Cash Management | &nbsp;&nbsp;Mortgage Loan Agreement |
| &nbsp;&nbsp;Non Consol | &nbsp;&nbsp;Non-Consolidation Opinion |
| &nbsp;&nbsp;Excess Cash Trap Trigger | &nbsp;&nbsp;Mortgage Loan Agreement |

---

**Exhibit 2 to Attachment A**

Page 5 of 7

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

1. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Address,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. City and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. State

characteristics, the Depositor instructed us to ignore differences that are due to standard postal abbreviations.

2. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Aggregate "As-is" Appr. Value

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. "As-is" Value Date

characteristics for any Property listed in the table below, the Depositor instructed us to use the appraised value and appraisal value date, both as shown in the applicable Source Document(s), that are associated with the appraisal valuation type that is identified in the "Valuation Type from Appraisal Report" column of the table below for the "Aggregate "As-is" Appr. Value" and ""As-is" Value Date" characteristics, respectively.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Property** | **Valuation Type from Appraisal Report** |
| &nbsp;&nbsp;8943 E. Sligh Avenue | Hypothetical Market Value |
| &nbsp;&nbsp;8963 E. Sligh Avenue | Hypothetical Market Value |
| &nbsp;&nbsp;1400 Laramie Avenue | Hypothetical Market Value |
| &nbsp;&nbsp;1500 Laramie Avenue | Hypothetical Market Value |
| &nbsp;&nbsp;377 N. Cleary Road | Hypothetical Market Value As Is |
| &nbsp;&nbsp;401 N. Cleary Road | Hypothetical Market Value As Is |
| &nbsp;&nbsp;475 N. Cleary Road | Hypothetical Market Value As Is |
| &nbsp;&nbsp;563 N. Cleary Road | Hypothetical Market Value As Is |
| &nbsp;&nbsp;2211 Vista Parkway | Hypothetical Market Value As Is |
| &nbsp;&nbsp;2213 Vista Parkway | Hypothetical Market Value As Is |
| &nbsp;&nbsp;11130 Steele Creek Road | Hypothetical "As Is" Market Value |
| &nbsp;&nbsp;11201 Ed Brown Road | Hypothetical "As Is" Market Value |

---

3. For the purpose of comparing the "Located in Seismic Zone (Yes/No)" characteristic, the Depositor instructed us to use
"Yes" only for any Property located in seismic zones 3 or 4, as shown in the applicable Source Document(s). If the applicable
Source Document(s) indicated the Property is located in seismic zones 1 or 2, the Depositor instructed us to use "No" for
the "Located in Seismic Zone (Yes/No)" characteristic.

**Exhibit 2 to Attachment A**

Page 6 of 7

4. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Date of Seismic Report,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seismic Firm and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. PML (%)

characteristics, the Depositor instructed us to perform procedures only for any Property that contains a seismic report Source Document in the related loan file. For any Property on the Preliminary Data File that does not contain a seismic report Source Document in the related loan file, the Depositor instructed us to use "N/A" for the indicated characteristics.

5. For the purpose of comparing the "Major Tenant Information" characteristics, the Depositor instructed us to combine multiple
spaces leased by the same tenant, to consider the tenant with the higher underwritten gross rent as the larger tenant for tenants with the same square footage, and for those tenants with multiple lease expirations, to use the
lease expiration date for the leases associated with the spaces which together have the largest square footage and the same lease expiration
date, as shown in the applicable Source Document(s).

6. For the purpose of comparing the "Underwriting Information" characteristics that are expressed as dollar values, the Depositor
instructed us to ignore differences of +/– $1 or less.

7. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Prepay Description,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Penalty Period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Open Period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Prepay Penalty Start Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Prepay Penalty End Date

characteristics, the Depositor instructed us to ignore any prepayment premiums or other conditions related to partial release events or partial prepayments to cure certain trigger periods, as described in the applicable Source Document(s).

8. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Penalty Period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Open Period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Prepay Penalty Start Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Prepay Penalty End Date

characteristics, the Depositor instructed us to ignore any freely prepayable portion(s) of the Mortgage Loan, as shown in the applicable Source Document(s).

9. For the purpose of comparing the "Prepay Penalty Start Date" characteristic, the Depositor instructed us to use the first
"Payment Day" which occurs during the spread maintenance period of the prepayment string, as shown in the applicable Source
Document(s).

10. For the purpose of comparing the "Prepay Penalty End Date" characteristic, the Depositor instructed us to use the day
prior to the first "Payment Day" which occurs during the open period of the prepayment string, as shown in the applicable
Source Document(s).

**Exhibit 2 to Attachment A**

Page 7 of 7

11. For the purpose of comparing the "LockBox Type" characteristic, the Depositor instructed us to use "Hard"
if the applicable Source Document(s) require the borrower(s) or manager(s) to direct tenants to pay rents directly to a lockbox account
controlled by the lender(s).

12. For the purpose of comparing the "Cash Management" characteristic, the Depositor instructed us to use "Springing"
if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Prior to the occurrence of an event of default or one or more specific trigger events described in the applicable Source Document(s),
revenue in the lockbox account is transferred to an account controlled by the borrower(s) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Upon the occurrence of an event of default or one or more specific trigger events described in the applicable Source Document(s),
revenue in the lockbox account is transferred to a cash management account controlled by the lender(s), and the funds are disbursed according
to the applicable Source Document(s).

13. For any Property 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.

---

| | |
|:---|:---|
| **Relating To** | **Characteristic** |
| 1047-1051 Douglas Road | Single Tenant |
| 181 40th Street | Fee Simple / Leasehold |
|  | Ground Lease |
|  | Fully Extended Ground Lease Exp. |
| 555 Prime Place | Fee Simple / Leasehold |
|  | Ground Lease |
|  | Fully Extended Ground Lease Exp. |
| 4251 Nicole Drive | Date of Phase I Report |
|  | Environmental Firm |
|  | Phase II Recommended (Yes/No) |

---

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

**Exhibit 3 to Attachment A**

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

---

| |
|:---|
| &nbsp;&nbsp;**<u>Characteristic</u>** |
| &nbsp;&nbsp;ID |
| &nbsp;&nbsp;Loan Flag |
| &nbsp;&nbsp;Prop Flag |
| &nbsp;&nbsp;Loan Name |
| &nbsp;&nbsp;Property Name |
| &nbsp;&nbsp;Loan Seller |
| &nbsp;&nbsp;Properties per Loan |
| &nbsp;&nbsp;Date of Phase II Report |
| &nbsp;&nbsp;Material Recognized Environmental Concern (Y/N) |
| &nbsp;&nbsp;Debt Service Check |
| &nbsp;&nbsp;Lockout Period |
| &nbsp;&nbsp;Lockout Exp Date |
| &nbsp;&nbsp;1st Amortization Date |
| &nbsp;&nbsp;1st Mortgage Margin |
| &nbsp;&nbsp;SOFR Rounding |
| &nbsp;&nbsp;Master & Primary Fee Rate |
| &nbsp;&nbsp;Cert Admin / Trustee Fee Rate |
| &nbsp;&nbsp;Operating Advisor Fee |
| &nbsp;&nbsp;CREFC Fee |
| &nbsp;&nbsp;SOFR Cap |
| &nbsp;&nbsp;SOFR Cap Expiration |
| &nbsp;&nbsp;Note Date |
| &nbsp;&nbsp;Loan Purpose |
| &nbsp;&nbsp;Partial Release Description |
| &nbsp;&nbsp;Directs Investment (Borrower or Lender) |
| &nbsp;&nbsp;Initial Replacement Reserve |
| &nbsp;&nbsp;Initial TI/LC Reserve |
| &nbsp;&nbsp;Initial Deferred Maintenance Reserve |
| &nbsp;&nbsp;Initial Environmental Reserve |
| &nbsp;&nbsp;Initial Debt Service Reserve |
| &nbsp;&nbsp;Initial Free Rent Reserve |
| &nbsp;&nbsp;Initial Other Reserve Description |
| &nbsp;&nbsp;Ongoing Required Replacement Reserves |
| &nbsp;&nbsp;Ongoing Required TI/LC |
| &nbsp;&nbsp;Interest Goes to Borrower? Replacement Reserves |
| &nbsp;&nbsp;Interest Goes to Borrower? TI/LC |
| &nbsp;&nbsp;Interest Goes to Borrower? Immediate Repairs |
| &nbsp;&nbsp;Interest Goes to Borrower? Free Rent |

---

---

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

---