# EDGAR Filing Document

**Accession Number:** 0000850779
**File Stem:** 0001539497-25-002489
**Filing Date:** 2025-9
**Character Count:** 216725
**Document Hash:** 17d2c805981b722dde402dc091ab9def
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-002489.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001539497-25-002489

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

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20250924

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

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: Y

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0000850779
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 561643598
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00461
- **FILM NUMBER:** 251339359

**BUSINESS ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166
- **BUSINESS PHONE:** 7043832556

**MAIL ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 20020304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19960520

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19951013
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0000850779
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 561643598
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 333-282099

**BUSINESS ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166
- **BUSINESS PHONE:** 7043832556

**MAIL ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 20020304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19960520

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19951013
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WELLS FARGO COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0000850779
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 561643598
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00461

**BUSINESS ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166
- **BUSINESS PHONE:** 7043832556

**MAIL ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 20020304

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION COMMERCIAL MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19960520

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST UNION MORTGAGE SECURITIES INC
- **DATE OF NAME CHANGE:** 19951013
**ISSUING ENTITY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wells Fargo Commercial Mortgage Trust 2025-C65
- **CENTRAL INDEX KEY:** 0002086308
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166
- **BUSINESS PHONE:** 7043832556

**MAIL ADDRESS:**
- **STREET 1:** 301 SOUTH COLLEGE STREET
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28228-0166

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-15G<br> ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF<br> THE SECURITIES EXCHANGE ACT OF 1934**

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

Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period ____________________ to ____________________

Date of Report (Date of earliest event reported) ____________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ____________________

  <br> Name and telephone number, including area code, of the person to<br> 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) [ ]

<u>X</u> Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

Central Index Key Number of depositor: <u>0000850779</u>

<u>Wells Fargo Commercial Mortgage Trust 2025-C65</u>

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

Central Index Key Number of issuing entity: <u>0002086308</u><br>

<u>A.J. Sfarra, (212) 214-5613</u>

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

**INFORMATION TO BE INCLUDED IN THE REPORT**

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

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

Attached as <u>Exhibit 1</u> hereto is an agreed-upon procedures report, dated September 24, 2025, obtained by the depositor, with respect to certain agreed-upon procedures performed by KPMG LLP.

Attached as <u>Exhibit 2</u> hereto is an underwriting information comparison agreed-upon procedures report, dated September 24, 2025, obtained by the depositor, 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.

---

| |
|:---|
| Wells Fargo Commercial Mortgage Securities, Inc. |
| (Depositor) |
| Date: September 24, 2025 |
| /s/ Anthony J. Sfarra |
| By: Anthony J. Sfarra, President |
| (senior officer in charge of securitization of the depositor) |

---

*WFCM 2025-C65 – Form ABS-15G*

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| Exhibit Number | Description |
| Exhibit 1 | Independent Accountants' Agreed-Upon Procedures Report, dated September 24, 2025, of KPMG LLP |
| Exhibit 2 | Report of Independent Accountants on Applying Agreed-Upon Procedures, dated September 24, 2025, of Ernst & Young LLP |

---

## Ex-1

**Exhibit 1**

---

| | |
|:---|:---|
| ![](kpmglogo.jpg) |  |
|  | KPMG LLP<br> Suite 900<br> 8350 Broad Street<br> McLean, VA 22102 |

---

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

Wells Fargo Commercial Mortgage Securities, Inc. (the "Depositor") <br> Wells Fargo Bank, National Association ("WFB")

(together, the "Company")

JPMorgan Chase Bank, National Association ("JPMCB") <br> Argentic Real Estate Finance 2 LLC ("AREF2")

BSPRT CMBS Finance, LLC ("BSPRT")

Societe Generale Financial Corporation ("SGFC") <br> Goldman Sachs Mortgage Company ("GSMC")

(the five entities above together with WFB, the "Loan Sellers") <br> Wells Fargo Securities, LLC

J.P. Morgan Securities LLC <br> SG Americas Securities, LLC <br> Goldman Sachs & Co. LLC <br> Goldman Sachs Bank USA <br> Academy Securities, Inc. <br> Drexel Hamilton, LLC

Siebert Williams Shank & Co., LLC

(the eight entities above together with the Loan Sellers and the Depositor, the "Specified Parties"):

Re: Wells Fargo Commercial Mortgage Trust 2025-C65 – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "WFCM Trust 2025-C65 Securitization Tape.xlsx" provided by the Company on September 24, 2025 (the "Data File"), containing information on 23 mortgage loans (the "Mortgage Loans") and 79 related mortgaged properties (the "Mortgaged Properties") as of the related payment dates in October 2025 (the "Cut-off Date"), which we were informed are intended to be included as collateral in the offering by Wells Fargo Commercial Mortgage Trust 2025-C65, Commercial Mortgage Pass-Through Certificates, Series 2025-C65 (the "Certificates"). The Company is responsible for the specified attributes identified by the Company in the Data File.

The Data File contains Mortgage Loans and Mortgaged Properties from each of the Loan Sellers as described below:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; <br> **Loan Seller** | &nbsp;&nbsp;**Number of Mortgage Loans** | &nbsp;&nbsp;**Number of Mortgaged Properties** |
| &nbsp;&nbsp;WFB | &nbsp;&nbsp;7 | &nbsp;&nbsp;13 |
| &nbsp;&nbsp;JPMCB | &nbsp;&nbsp;4 | &nbsp;&nbsp;35 |
| &nbsp;&nbsp;AREF2 | &nbsp;&nbsp;9 | &nbsp;&nbsp;27 |
| &nbsp;&nbsp;BSPRT | &nbsp;&nbsp;1 | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;SGFC | &nbsp;&nbsp;1 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;GSMC | &nbsp;&nbsp;1 | &nbsp;&nbsp;1 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;23 | &nbsp;&nbsp;79 |

---

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

![](kpmglogo2.jpg)

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

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

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

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

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

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;· The term "Provided Information" means the Cut-off Date, Loan Files, Calculation Methodology
and Instructions.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;A. We compared the Compared Attributes in the Data File (except for those with "Provided by the
Company" in the "Source Document(s)" column of Attachment A) to the corresponding information included in the Loan Files,
utilizing the Instructions, as applicable. The Specified Parties indicated that the absence of any of the information in the Loan Files
or the inability to agree the indicated information from the Data File to

![](kpmglogo2.jpg)

the Loan Files for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception, except for those Compared Attributes with "Provided by the Company" in the "Source Document(s)" column of Attachment A. The document priority is the order provided by the Company, which is listed in the "Source Document(s)" column in Attachment A, with the highest priority document listed first.

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

We found such information to be in agreement without exception.

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

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

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

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Mortgage Loans to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing the Mortgage Loans being securitized, (iii) the compliance of the originator of the Mortgage Loans with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Mortgage Loans and related Mortgaged Properties 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. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

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

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

/s/KPMG LLP

McLean, Virginia <br> September 24, 2025

**ATTACHMENT A**

**COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Loan Pool No. | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Loan / Property Flag | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mortgage Loan Seller | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mortgage Loan Originator | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Property Name | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp; <br>Original Balance | &nbsp;&nbsp; Loan Agreement; Promissory Note Splitter<br>For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'Yes', "Original Balance" is Provided by the Company for the related Mortgage<br> Loan and any related Mortgaged Properties. |
| &nbsp;&nbsp;Number of Properties | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Street Address | &nbsp;&nbsp;Appraisal Report; Engineering Report |
| &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report; Engineering Report |
| &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report; Engineering Report |
| &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report; Engineering Report; USPS |
| &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report; Engineering Report |
| &nbsp;&nbsp;North or South CA (NCA/SCA) | &nbsp;&nbsp;Appraisal Report; Engineering Report |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report; Engineering Report; Rent Roll |
| &nbsp;&nbsp;Property Sub-Type | &nbsp;&nbsp;Appraisal Report; Engineering Report; Rent Roll |
| &nbsp;&nbsp;Units/SF | &nbsp;&nbsp;Rent Roll; Appraisal Report; Zoning Diagram |
| &nbsp;&nbsp;Units of Measure | &nbsp;&nbsp;Rent Roll; Appraisal Report; Zoning Diagram |
| &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report; Engineering Report |
| &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report; Engineering Report |
| &nbsp;&nbsp;Single-Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Owner-Occupied >20% (Y/N - %) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Percent Leased | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Percent Leased as of Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Sec. 8 (Multifamily) (Y/N) | &nbsp;&nbsp;Rent Roll; Appraisal Report |
| &nbsp;&nbsp;No. of Sec. 8 Units | &nbsp;&nbsp;Rent Roll; Appraisal Report |
| &nbsp;&nbsp;Sec. 42 (Multifamily) (Y/N) | &nbsp;&nbsp;Rent Roll; Appraisal Report |
| &nbsp;&nbsp;No. of Sec. 42 Units | &nbsp;&nbsp;Rent Roll; Appraisal Report |
| &nbsp;&nbsp;Hotel Franchise Agreement Expiration Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Condo Component (Y/N - % of Borrower Control) | &nbsp;&nbsp;Rent Roll; Condominium Organizational Documents; Appraisal Report |
| &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Title Policy; Proforma Title Policy |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Ground Lease Expiration Date | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;Ground Lease Extension Terms | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;Annual Ground Lease Payment as of the Cut-off Date ($) | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;Annual Ground Rent Increases (Y/N) | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Appraised Value Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Value as of Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Borrower Name | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;Loan Agreement; ASR |
| &nbsp;&nbsp;Nonrecourse Carve-out Guarantor | &nbsp;&nbsp;Guaranty; Loan Agreement |
| &nbsp;&nbsp;Environmental Indemnitor | &nbsp;&nbsp;Guaranty; Loan Agreement; Environmental Indemnity |
| &nbsp;&nbsp;Borrower Type (LLC, LP, TIC, DST, Corp, etc.) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Borrower State of Incorporation | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;New or Recycled Borrowing Entity | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;SPE (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Non-Consolidation Opinion (Y/N) | &nbsp;&nbsp;Non-Consolidation Opinion |
| &nbsp;&nbsp;Independent Director (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Related Borrowers (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Related Borrower Pool | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Cross Collateralized / Cross Defaulted (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Crossed Group | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Acquisition or Refinance | &nbsp;&nbsp;Closing Statement; ASR |
| &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Loan Agreement; Promissory Note |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;First P&I Payment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Maturity Date or ARD | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;ARD Loan (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Final Maturity Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;ARD Rate Step | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Lockbox Type | &nbsp;&nbsp;Cash Management Agreement; Loan Agreement |
| &nbsp;&nbsp;Cash Management Status | &nbsp;&nbsp;Cash Management Agreement; Loan Agreement |
| &nbsp;&nbsp;Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | &nbsp;&nbsp;Cash Management Agreement; Loan Agreement |
| &nbsp;&nbsp;Tenant Specific Excess Cash Trap Trigger (Y/N) | &nbsp;&nbsp;Cash Management Agreement; Loan Agreement |
| &nbsp;&nbsp;Original Amort. Term (mos.) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Amort. Type | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Interest Accrual Method | &nbsp;&nbsp;Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Rate | &nbsp;&nbsp;Loan Agreement; Promissory Note Splitter |
| &nbsp;&nbsp;Monthly Debt Service (P&I) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Third Most Recent Revenues | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Third Most Recent Expenses | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Third Most Recent NOI | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Third Most Recent ADR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Third Most Recent RevPAR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Third Most Recent Hotel Occupancy (%) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Third Most Recent NOI Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Third Most Recent Description | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent Revenues | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent Expenses | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent NOI | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent ADR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent RevPAR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent Hotel Occupancy (%) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent NOI Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Second Most Recent Description | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent Revenues | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent Expenses | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent ADR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent RevPAR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent Hotel Occupancy (%) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent NOI Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent Description | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten Occupancy % | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten EGI | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten Expenses | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten NOI | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten Cap Ex | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten TI/LC | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten NCF | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten ADR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten RevPAR ($) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Underwritten Hotel Occupancy (%) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;Lease Expiration Date of Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;NSF of Largest Tenant (SF) | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;2nd Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;Lease Expiration of 2nd Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;NSF of 2nd Largest Tenant (SF) | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;3rd Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;Lease Expiration of 3rd Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;NSF of 3rd Largest Tenant (SF) | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;4th Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;Lease Expiration of 4th Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;NSF of 4th Largest Tenant (SF) | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;5th Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;Lease Expiration of 5th Largest Tenant | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;NSF of 5th Largest Tenant (SF) | &nbsp;&nbsp;Rent Roll; Lease Documents |
| &nbsp;&nbsp;Top Five Movie Theater Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Top Five Health Club Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Top Five Bank Branch Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Top Five Restaurant Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Top Five Medical Office Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Tax Escrow in Place (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Initial Tax Escrow Amount ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Ongoing Tax Escrow - Monthly ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Terms or Conditions for Springing Tax Reserve Requirement | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Interest on Tax Escrow Goes to: | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Insurance Escrow in Place (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Initial Insurance Escrow Amount ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Ongoing Insurance Escrow - Monthly ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Terms or Conditions for Springing Insurance Reserve Requirement | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Interest on Insurance Escrow Goes to: | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Deferred Maintenance Escrow in Place (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Deferred Maintenance Escrow Amount ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Interest on Deferred Maint. Escrow Goes to: | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Cap Ex Escrow in Place (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Initial Cap Ex Escrow Amount ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Ongoing Cap Ex Escrow - Monthly ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Cap Ex Reserve Cap ($ and Description) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Terms or Conditions for Springing Cap Ex Reserve Requirement | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Interest on Cap Ex Escrow Goes to: | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;TI/LC Escrow in Place (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Initial TI/LC Escrow Amount ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Ongoing TI/LC Escrow - Monthly ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;TI/LC Reserve Cap ($ and Description) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Terms or Conditions for Springing TI/LC Reserve Requirement | &nbsp;&nbsp;Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Interest on TI/LC Escrow Goes to: | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Upfront Debt Service Reserve ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Monthly Debt Service Reserve ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Debt Service Reserve Cap ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Description of "Other" Escrows | &nbsp;&nbsp;Loan Agreement; Closing Statement |
| &nbsp;&nbsp;Initial Other Escrow Amount ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement |
| &nbsp;&nbsp;Ongoing Other Escrow - Monthly ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Other Reserve Cap ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Terms or Conditions for Springing Other Reserve Requirement | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Interest on Other Escrow Goes to: | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Other Escrow Description/ Release Provisions | &nbsp;&nbsp;Loan Agreement; Closing Statement |
| &nbsp;&nbsp;Holdback/ Earnout Amount ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Holdback/ Earnout Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;FIRREA Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Phase I Date | &nbsp;&nbsp;Phase I Report |
| &nbsp;&nbsp;Phase II Date | &nbsp;&nbsp;Phase II Report |
| &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Earthquake Zone 3 or 4 (Y/N) | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;PML % | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Earthquake Insurance (Y/N) | &nbsp;&nbsp;Insurance Certificate |
| &nbsp;&nbsp;Windstorm Insurance (Y/N) | &nbsp;&nbsp;Insurance Certificate |
| &nbsp;&nbsp;Flood Zone (Y/N) | &nbsp;&nbsp;Appraisal Report; Engineering Report; Flood Hazard Determination |
| &nbsp;&nbsp;Flood Insurance (Y/N) | &nbsp;&nbsp;Insurance Certificate |
| &nbsp;&nbsp;Environmental Insurance (Y/N) | &nbsp;&nbsp;Insurance Certificate |
| &nbsp;&nbsp;Environmental Insurance in Lieu of Phase II (Y/N) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Due Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Debt Service Payment Grace Period to Impose Late Charge | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Debt Service Grace Period to Call a Default | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Assumption Provision (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Assumption/Fee | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Partial Collateral Release (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Partial Collateral Release and Prepayment Descriptions | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Outparcel or Other Release (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Outparcel or Other Release Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Substitution Allowed (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Substitution Provision Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Voluntary Partial Prepayment Permitted (Y/N) (escrows, LOCs, other, etc.) | &nbsp;&nbsp;Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Partial Prepayment Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Prepayment String | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;LO End Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Pari Passu (Y/N)? | &nbsp;&nbsp;Loan Agreement; Promissory Note Splitter |
| &nbsp;&nbsp; <br> Current Additional Financing in Place (Y/N/Silent) | &nbsp;&nbsp;Subordinate Loan Document; Subordinate Unsecured Loan Document; Mezzanine Loan Document; Promissory Note Splitter |
| &nbsp;&nbsp; <br> Type of Additional Financing | &nbsp;&nbsp;Subordinate Loan Document; Subordinate Unsecured Loan Document; Mezzanine Loan Document; Promissory Note Splitter |
| &nbsp;&nbsp; <br> Additional Financing Original Balance | &nbsp;&nbsp;Loan Agreement; Subordinate Loan Document; Subordinate Unsecured Loan Document; Mezzanine Loan Document; Promissory Note Splitter |
| &nbsp;&nbsp;Additional Financing Permitted In Future (Y/N/Silent) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Type of Additional Future Financing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Terms of Future Additional Financing | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Pari Passu in Trust Controlling (Y/N) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Subordinate Companion Loan Interest Rate | &nbsp;&nbsp;Subordinate Loan Document |
| &nbsp;&nbsp;Mezzanine Debt Interest Rate (%) | &nbsp;&nbsp;Mezzanine Loan Document |
| &nbsp;&nbsp;Sources: Loan Amount ($) | &nbsp;&nbsp;Closing Statement; Ground Rent Summary (Top 15 only) |
| &nbsp;&nbsp;Sources: Principal's New Cash Contribution ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Sources: Subordinate Debt ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Sources: Other Sources ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Sources: Total Sources ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Uses: Loan Payoff ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Uses: Purchase Price ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Uses: Closing Costs ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Uses: Reserves ($) | &nbsp;&nbsp;Closing Statement; Loan Agreement (Top 15 only) |
| &nbsp;&nbsp;Uses: Principal Equity Distribution ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Uses: Other Uses ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Uses: Total Uses ($) | &nbsp;&nbsp;Closing Statement (Top 15 only) |
| &nbsp;&nbsp;Investment Grade Y/N | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Notes | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Coop - Rental Value | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Coop - LTV as Rental | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Coop - Unsold Percent | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Coop - Sponsor Units | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Coop - Investor Units | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Coop - Coop Units | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Coop - Sponsor/Investor Carry | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Coop - Committed Secondary Debt | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Asset Type Number | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Group ID | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Reporting Period Beginning Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Reporting Period End Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Interest Accrual Method Code | &nbsp;&nbsp;Loan Agreement; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Original Interest Rate Type Code | &nbsp;&nbsp;Loan Agreement; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Underwriting Indicator | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp; <br> Lien Position Securitization Code | &nbsp;&nbsp;Title Policy; Proforma Title Policy; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Loan Structure Code | &nbsp;&nbsp;Loan Agreement; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Payment Type Code | &nbsp;&nbsp;Loan Agreement; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Payment Frequency Code | &nbsp;&nbsp;Loan Agreement; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Interest Only Indicator | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Balloon Indicator | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Prepayment Premium Indicator | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Negative Amortization Indicator | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Modified Indicator | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Arm Index Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;First Rate Adjustment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;First Payment Adjustment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;ARM Margin Number | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Lifetime Rate Cap Percentage | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Lifetime Rate Floor Percentage | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Periodic Rate Increase Limit Percentage | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Periodic Rate Decrease Limit Percentage | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Periodic Payment Adjustment Maximum Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Periodic Payment Adjustment Maximum Percent | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Rate Reset Frequency Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Payment Reset Frequency Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Index Lookback Days Number | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Yield Maintenance End Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Prepayment Premiums End Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Maximum Negative Amortization Allowed Percentage | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Maximum Negative Amortization Allowed Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Negative Amortization Deferred Interest Cap Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Deferred Interest Cumulative Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Deferred Interest Collected Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Property Type Code | &nbsp;&nbsp;Appraisal Report; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Net Rentable Square Feet Number | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Net Rentable Square Feet Securitization Number | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Units Beds Rooms Number | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Units Beds Rooms Securitization Number | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Valuation Source Securitization Code | &nbsp;&nbsp;Appraisal Report; EDGAR ABS XML Technical Specification Document |
| &nbsp;&nbsp;Most Recent Valuation Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Most Recent Valuation Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Most Recent Valuation Source Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Property Status Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Defeasance Option Start Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;Defeased Status Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;AL_Largest Tenant | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;AL Lease Expiration Largest Tenant Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;AL_Second Largest Tenant | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;AL Lease Expiration Second Largest Tenant Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;AL_Third Largest Tenant | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;AL Lease Expiration Third Largest Tenant Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Financials Securitization Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent Financials Start Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent Financials End Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Most Recent Net Cash Flow Amount | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Net Operating Income Net Cash Flow Securitization Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Net Operating Income Net Cash Flow Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Debt Service Coverage Securitization Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Most Recent Debt Service Coverage Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Asset Added Indicator | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Report Period Modification Indicator | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Other Interest Adjustment Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Unscheduled Principal Collected Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Other Principal Adjustment Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Hyper Amortizing Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Servicing Advance Method Code | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Non Recoverability Indicator | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Total Principal Interest Advanced Outstanding Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Total Taxes Insurance Advances Outstanding Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Other Expenses Advanced Outstanding Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Payment Status Loan Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Arm Index Rate Percentage | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Next Interest Rate Percentage | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Next Interest Rate Change Adjustment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Next Payment Adjustment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Primary Servicer Name | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Most Recent Special Servicer Transfer Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Most Recent Master Servicer Return Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Asset Subject Demand Indicator | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Asset Subject Demand Status Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Repurchase Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Demand Resolution Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Repurchaser Name | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Repurchase Replacement Reason Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Realized Loss To Trust Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Liquidation Prepayment Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Liquidation Prepayment Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Prepayment Premium Yield Maintenance Received Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Workout Strategy Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Last Modification Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Modification Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Post Modification Interest Percentage | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Post Modification Payment Amount | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Post Modification Maturity Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Post Modification Amortization Period Amount | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT B**

**RECOMPUTED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br> % by Cut-off Date Balance | &nbsp;&nbsp;Cut-Off Date Balance divided by the aggregate Cut-Off Date Balance of all Mortgage Loans. |
| &nbsp;&nbsp; <br> % of Loan Balance | &nbsp;&nbsp;Cut-Off Date Balance of each respective Mortgaged Property of the related Mortgage Loan divided by the Cut-Off Date Balance of the related Mortgage Loan. For Mortgage Loans secured by one Mortgaged Property, set equal to 100%. |
| &nbsp;&nbsp; <br>Cut-Off Date Balance | &nbsp;&nbsp; For the Mortgage Loans, assuming that all scheduled payments of principal and/or interest on the Mortgage Loans are made and that there are no prepayments or other unscheduled collections, recompute using the First Payment Date, Original IO Period (mos.), Monthly Debt Service (P&I), Original Balance, Interest Accrual Method, Rate and Cut-off Date. With respect to Mortgage Loans where the Recomputed Attribute "Remaining IO Period (mos.)" is greater than or equal to zero, set equal to the Original Balance.<br>For any related Mortgaged Property, compare using the Loan Agreement.<br>For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'Yes', "Cut-Off Date Balance" is Provided by the Company for the related Mortgage Loan and any related Mortgaged Properties. |
| &nbsp;&nbsp; <br>Maturity Date Balance | &nbsp;&nbsp;Assuming that all scheduled payments of principal and/or interest on the Mortgage Loans are made and that there are no prepayments or other unscheduled collections, recompute using the First Payment Date, Original IO Period (mos.), Monthly Debt Service (P&I), Original Balance, Interest Accrual Method, Maturity Date or ARD and Rate. For each Mortgage Loan, recompute the Maturity Date Balance as the aggregate principal amount that is scheduled to be paid on the "Maturity Date or ARD," including the principal component that is included in the Monthly Debt Service (P&I) that is due on the "Maturity Date or ARD." With respect to Mortgage Loans where the Compared Attribute "Amort. Type" is equal to 'Interest Only', set equal to the Original Balance. |
| &nbsp;&nbsp; <br>Cut-Off Date Balance per Unit or SF | (i) Cut-Off Date Balance divided by (ii) Units/SF. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Units/SF for each Mortgaged Property of the related Mortgage Loan. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the principal balance of any pari passu companion loans, as applicable. This attribute is not recomputed on a Mortgaged Property basis. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Original Term to Maturity or ARD (mos.) | &nbsp;&nbsp;Number of payment dates from and inclusive of the First Payment Date to and inclusive of the Maturity Date or ARD. |
| &nbsp;&nbsp;Remaining Term to Maturity or ARD (mos.) | &nbsp;&nbsp;Original Term to Maturity or ARD (mos.) minus Seasoning. |
| &nbsp;&nbsp; <br> Original IO Period (mos.) | &nbsp;&nbsp;Number of payment dates from and inclusive of the First Payment Date to and exclusive of the First P&I Payment Date. If the Compared Attribute "Amort. Type" is equal to 'Interest Only' set equal to Original Term to Maturity or ARD (mos.) . |
| &nbsp;&nbsp; <br> Remaining IO Period (mos.) | &nbsp;&nbsp;Original IO Period (mos.) minus Seasoning (but to an amount not less than zero). If the Compared Attribute "Amort. Type" is equal to 'Amortizing Balloon' set equal to zero. |
| &nbsp;&nbsp; <br>Remaining Amort. Term (mos.) | &nbsp;&nbsp; Original Amort. Term (mos.) minus Seasoning. With respect to Mortgage Loans where the Compared Attribute "Amort. Type" is equal to 'Interest Only, Amortizing Balloon', (i) Original Amort.<br> Term (mos.) minus (ii) Seasoning minus Original IO Period (mos.) (but to not less than zero). If the Compared Attribute "Amort. Type" is equal to 'Interest Only' set equal to zero. |
| &nbsp;&nbsp; <br> Monthly Debt Service (IO) | &nbsp;&nbsp;Cut-Off Date Balance multiplied by Rate, adjusted for Interest Accrual Method divided by 12. If the Compared Attribute "Amort. Type" is equal to 'Amortizing Balloon' set equal to 'NAP'. |
| &nbsp;&nbsp; <br> Annual Debt Service (P&I) | &nbsp;&nbsp;Monthly Debt Service (P&I) multiplied by 12. If the Compared Attribute "Amort. Type" is equal to 'Interest Only' set equal to 'NAP'. |
| &nbsp;&nbsp; <br> Annual Debt Service (IO) | &nbsp;&nbsp;Monthly Debt Service (IO) multiplied by 12. If the Compared Attribute "Amort. Type" is equal to 'Amortizing Balloon' set equal to 'NAP'. |
| &nbsp;&nbsp; <br>Underwritten NOI DSCR (x) | &nbsp;&nbsp; <br> Underwritten NOI divided by the (i) Annual Debt Service (IO) if the Compared Attribute "Amort. Type" is equal to 'Interest Only', otherwise (ii) Annual Debt Service (P&I). With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Underwritten NOI for each Mortgaged Property of the related Mortgage Loan. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the indebtedness of any pari passu companion loans, as applicable. |

---

**ATTACHMENT B**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br>Underwritten NCF DSCR (x) | &nbsp;&nbsp; <br> Underwritten NCF divided by the (i) Annual Debt Service (IO) if the Compared Attribute "Amort. Type" is equal to 'Interest Only', otherwise (ii) Annual Debt Service (P&I). With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Underwritten NCF for each Mortgaged Property of the related Mortgage Loan. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the indebtedness of any pari passu companion loans, as applicable. |
| &nbsp;&nbsp; <br>Cut-Off Date LTV | &nbsp;&nbsp; <br> Cut-off Date Balance divided by Appraised Value. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Appraised Values for each Mortgaged Property of the related Mortgage Loan. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the cut-off date principal balance of any pari passu companion loans, as applicable. |
| &nbsp;&nbsp; <br>Maturity Date LTV | &nbsp;&nbsp; <br> Maturity Date Balance divided by Appraised Value. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Appraised Values for each Mortgaged Property of the related Mortgage Loan. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the maturity date principal balance of any pari passu companion loans, as applicable. |
| &nbsp;&nbsp; <br>Underwritten NOI Debt Yield | &nbsp;&nbsp; <br> Underwritten NOI divided by Cut-off Date Balance. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Underwritten NOI for each Mortgaged Property of the related Mortgage Loan. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the cut-off date principal balance of any pari passu companion loans, as applicable. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br>Underwritten NCF Debt Yield | &nbsp;&nbsp; Underwritten NCF divided by Cut-off Date Balance. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, the procedure herein sums the Underwritten NCF for each Mortgaged Property of the related Mortgage Loan. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the cut-off date principal balance of any pari passu companion loans, as applicable. |
| &nbsp;&nbsp;% NSF of the Largest Tenant (%) | &nbsp;&nbsp;NSF of Largest Tenant (SF) divided by Units/SF. If NSF of Largest Tenant (SF) is 'NAP' set equal to 'NAP'. |
| &nbsp;&nbsp;% NSF of 2nd Largest Tenant (%) | &nbsp;&nbsp;NSF of 2nd Largest Tenant (SF) divided by Units/SF. If NSF of 2nd Largest Tenant (SF) is 'NAP' set equal to 'NAP'. |
| &nbsp;&nbsp;% NSF of 3rd Largest Tenant (%) | &nbsp;&nbsp;NSF of 3rd Largest Tenant (SF) divided by Units/SF. If NSF of 3rd Largest Tenant (SF) is 'NAP' set equal to 'NAP'. |
| &nbsp;&nbsp;% NSF of 4th Largest Tenant (%) | &nbsp;&nbsp;NSF of 4th Largest Tenant (SF) divided by Units/SF. If NSF of 4th Largest Tenant (SF) is 'NAP' set equal to 'NAP'. |
| &nbsp;&nbsp;% NSF of 5th Largest Tenant (%) | &nbsp;&nbsp;NSF of 5th Largest Tenant (SF) divided by Units/SF. If NSF of 5th Largest Tenant (SF) is 'NAP' set equal to 'NAP'. |
| &nbsp;&nbsp;Current Tax Escrow Balance | &nbsp;&nbsp;Sum of (i) Initial Tax Escrow Amount ($) and (ii) product of (a) Seasoning and (b) Ongoing Tax Escrow - Monthly ($) |
| &nbsp;&nbsp;Current Insurance Escrow Balance | &nbsp;&nbsp; Sum of (i) Initial Insurance Escrow Amount ($) and (ii) product of (a) Seasoning and (b) Ongoing Insurance Escrow - Monthly ($) |
| &nbsp;&nbsp;Annual Cap Ex Reserve Requirement per SF/Unit ($) | &nbsp;&nbsp;Ongoing Cap Ex Escrow - Monthly ($) multiplied by 12, divided by Units/SF. |
| &nbsp;&nbsp;Current Cap Ex Escrow Balance | &nbsp;&nbsp; Sum of (i) Initial Cap Ex Escrow Amount ($) and (ii) product of (a) Seasoning and (b) Ongoing Cap Ex Escrow - Monthly ($) |
| &nbsp;&nbsp; <br> Annual TI/LC Escrow per SF/Unit ($) | &nbsp;&nbsp; <br> Ongoing TI/LC Escrow - Monthly ($) multiplied by 12, divided by Units/SF. |
| &nbsp;&nbsp;Current TI/LC Balance | &nbsp;&nbsp;Sum of (i) Initial TI/LC Escrow Amount ($) and (ii) product of (a) Seasoning and (b) Ongoing TI/LC Escrow - Monthly ($) |
| &nbsp;&nbsp;Current Other Balance | &nbsp;&nbsp;Sum of (i) Initial Other Escrow Amount ($) and (ii) product of (a) Seasoning and (b) Ongoing Other Escrow - Monthly ($) |
| &nbsp;&nbsp;Seasoning | &nbsp;&nbsp;Number of payments from and inclusive of the First Payment Date to and inclusive of the Cut-off Date. |
| &nbsp;&nbsp; <br> Total Trust Exposure | &nbsp;&nbsp;Set to equal the Cut-off Date Balance. For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'No', 'NAP'. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br>Cut-off Date<br> Pari Passu Mortgage Debt Balance | &nbsp;&nbsp;Assuming no prepayments of principal, product of (i) the difference of (a) the original pari passu mortgage debt balance (as set forth on or derived from the Loan Agreement) and (b) the Original Balance and (ii) the quotient of (a) the Cut-off Date Balance and (b) the Original Balance of the related Mortgage Loan. With respect to partial interest-only pari passu Mortgage Loans determined to be non-amortizing as of the Cut-off Date and full term interest-only pari passu Mortgage Loans (if any) (each as determined from the Loan Agreement), the Cut-off Date Pari Passu Mortgage Debt Balance is the difference of (i) the original pari passu mortgage debt balance (as set forth on or derived from the Loan Agreement) and (ii) the Original Balance. For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'No', 'NAP'. |
| &nbsp;&nbsp; <br> Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | &nbsp;&nbsp;Difference between (a) Monthly Debt Service (IO) if the Compared Attribute "Amort. Type" is equal to 'Interest Only', otherwise Monthly Debt Service (P&I) and (b) the Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($). For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'No', 'NAP'. |
| &nbsp;&nbsp; <br>Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | &nbsp;&nbsp; <br> If the Compared Attribute "Amort. Type" is equal to 'Interest Only' (a) Original pari passu mortgage debt balance (as set forth on or derived from the Loan Agreement) multiplied by (b) the Rate adjusted for (c) Interest Accrual Method and divided by (d)<br> 12. Otherwise, compare the Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) to the corresponding information set forth on the Loan Agreement. For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'No', 'NAP'. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br>Cut-off Date Subordinate Mortgage Debt Balance | &nbsp;&nbsp; Assuming no prepayments of principal, recompute using the subordinate mortgage debt first payment date, subordinate mortgage debt monthly debt service, original subordinate mortgage debt balance, subordinate mortgage debt interest accrual method (each as set forth on or derived from the Subordinate Loan Document), Subordinate Companion Loan Interest Rate and the Cut-off Date. With respect to partial interest-only subordinate mortgage debt determined to be non- amortizing as of the Cut-off Date (as determined from the Subordinate Loan Document) and full term interest-only subordinate mortgage debt (if any) (as determined from the Subordinate Loan Document), the Cut-off Date Subordinate Mortgage Debt Balance was set to equal the original subordinate mortgage debt balance (as set forth on the Subordinate Loan Document). If the Compared Attribute "Type of Additional Financing" does not contain 'B-Note' set to 'NAP'. |
| &nbsp;&nbsp; <br>Cut Off Date Whole Note Loan Balance | &nbsp;&nbsp; <br> Sum of the (i) Cut-Off Date Balance (ii) Cut-off Date Subordinate Mortgage Debt Balance (if not equal to 'NAP') and<br> (iii) Cut-off Date Pari Passu Mortgage Debt Balance (if not equal to 'NAP'). If both Cut-off Date Subordinate Mortgage Debt Balance and Cut-off Date Pari Passu Mortgage Debt Balance are equal to 'NAP', set equal to 'NAP'. |
| &nbsp;&nbsp; <br>Whole Loan Monthly Debt Service ($) | &nbsp;&nbsp; <br> Sum of the (i) Monthly Debt Service (IO) if the Compared Attribute "Amort. Type" is equal to 'Interest Only', otherwise Monthly Debt Service (P&I) and (ii) subordinate mortgage debt monthly debt service (as set forth on or derived from the Subordinate Loan Document). For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'Yes', replace clause (i) of this procedure with the Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($). If both Cut-off Date Subordinate Mortgage Debt Balance and Cut-off Date Pari Passu Mortgage Debt Balance are equal to 'NAP', set equal to 'NAP'. |
| &nbsp;&nbsp; <br>Whole Loan Cut-off Date LTV Ratio (%) | &nbsp;&nbsp;Cut Off Date Whole Note Loan Balance divided by Appraised Value. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Appraised Values for each Mortgaged Property of the related Mortgage Loan. If both Cut-off Date Subordinate Mortgage Debt Balance and Cut-off Date Pari Passu Mortgage Debt Balance are equal to 'NAP', set equal to 'NAP'. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br>Whole Loan Underwritten NCF DSCR (x) | &nbsp;&nbsp;Underwritten NCF divided by the product of Whole Loan Monthly Debt Service ($) and 12. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Underwritten NCF for each Mortgaged Property of the related Mortgage Loan. If both Cut-off Date Subordinate Mortgage Debt Balance and Cut-off Date Pari Passu Mortgage Debt Balance are equal to 'NAP', set equal to 'NAP'. |
| &nbsp;&nbsp; <br>Whole Loan Underwritten NOI Debt Yield (%) | &nbsp;&nbsp;Underwritten NOI divided by Cut Off Date Whole Note Loan Balance. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Underwritten NOI for each Mortgaged Property of the related Mortgage Loan. If both Cut-off Date Subordinate Mortgage Debt Balance and Cut-off Date Pari Passu Mortgage Debt Balance are equal to 'NAP', set equal to 'NAP'. |
| &nbsp;&nbsp; <br>Cut-off Date Mezzanine Debt Balance | &nbsp;&nbsp;Assuming no prepayments of principal, recompute using the mezzanine or subordinate unsecured debt first payment date, mezzanine or subordinate unsecured debt monthly debt service, mezzanine or subordinate unsecured debt original balance, mezzanine or subordinate unsecured debt interest accrual method and Mezzanine Debt Interest Rate (%) or subordinate unsecured debt interest rate (as set forth on or derived from the Mezzanine Loan Document or Subordinate Unsecured Loan Document) and the Cut-off Date. With respect to partial interest- only mezzanine or subordinate unsecured debt determined to be non-amortizing as of the Cut-off Date and full term interest- only mezzanine or subordinate unsecured debt (if any) (as derived from the Mezzanine Loan Document or Subordinate Unsecured Loan Document), the Cut-off Date Mezzanine Debt Balance was set to equal the related Additional Financing Original Balance. This procedure was performed only for those Mortgage Loans with mezzanine debt or subordinate unsecured debt, if any. |
| &nbsp;&nbsp; <br>Total Debt Cut-off Date Balance ($) | &nbsp;&nbsp; If Cut-off Date Mezzanine Debt Balance is equal to 'NAP', set equal to 'NAP'. Otherwise, sum of (i) Cut-Off Date Balance, (ii) Cut-off Date Subordinate Mortgage Debt Balance (if not equal to 'NAP') and (iii) Cut-off Date Mezzanine Debt Balance (if not equal to 'NAP') and (iv) Cut-off Date Pari Passu Mortgage Debt Balance (if not equal to 'NAP'). |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br>Total Debt Monthly Debt Service ($) | &nbsp;&nbsp; If Cut-off Date Mezzanine Debt Balance is equal to 'NAP', set equal to 'NAP'. Otherwise, sum of the (i) Monthly Debt Service (IO) if the Compared Attribute "Amort. Type" is equal to 'Interest Only', otherwise Monthly Debt Service (P&I) (ii) subordinate mortgage debt monthly debt service (as set forth on or derived from the Subordinate Loan Document, if applicable) and (iii) mezzanine or subordinate unsecured debt monthly debt service (as set forth on or derived from the Mezzanine Loan Document or Subordinate Unsecured Loan Document, if applicable). For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'Yes', replace clause (i) of this procedure with the Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($). |
| &nbsp;&nbsp; <br>Total Debt Cut-off Date LTV Ratio | &nbsp;&nbsp;If Cut-off Date Mezzanine Debt Balance is equal to 'NAP', set equal to 'NAP'. Otherwise, Total Debt Cut-off Date Balance ($) divided by Appraised Value. With respect to the Mortgage Loans secured by more than one Mortgaged Property, sum the Appraised Values for each Mortgaged Property of the related Mortgage Loan. |
| &nbsp;&nbsp; <br>Total Debt<br> UW NCF DSCR | &nbsp;&nbsp;If Cut-off Date Mezzanine Debt Balance is equal to 'NAP', set equal to 'NAP'. Otherwise, Underwritten NCF divided by product of Total Debt Monthly Debt Service ($) and 12. With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Underwritten NCF for each Mortgaged Property of the related Mortgage Loan. |
| &nbsp;&nbsp; <br>Total Debt UW NOI Debt Yield | &nbsp;&nbsp;If Cut-off Date Mezzanine Debt Balance is equal to 'NAP', set equal to 'NAP'. Otherwise, Underwritten NOI by Total Debt Cut- off Date Balance ($). With respect to the applicable Mortgage Loans secured by more than one Mortgaged Property, sum the Underwritten NOI for each Mortgaged Property of the related Mortgage Loan. |
| &nbsp;&nbsp;Periodic Principal and Interest Payment Securitization Amount | &nbsp;&nbsp;Sum of Scheduled Interest Amount and Scheduled Principal Amount. This procedure was not performed for those Mortgage Loans with a Seasoning equal to zero. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | **Calculation Methodology** |
| &nbsp;&nbsp; <br>Most Recent Debt Service Amount | &nbsp;&nbsp; <br> Product of (i) Monthly Debt Service (IO) if the Compared Attribute "Amort. Type" is equal to 'Interest Only', otherwise Monthly Debt Service (P&I) and (ii) 12. This procedure was only performed for those Mortgage Loans where the Compared Attribute "Most Recent Financials Start Date" is not blank. For Mortgage Loans with the Compared Attribute "Pari Passu (Y/N)?" equal to 'Yes', replace clause (i) of this procedure with the Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($). |
| &nbsp;&nbsp; <br>Most Recent Debt Service Coverage Net Operating Income Percentage | &nbsp;&nbsp; Most Recent NOI divided by Most Recent Debt Service Amount. This procedure was only performed for those Mortgage Loans with Most Recent NOI. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the indebtedness of any pari passu companion loans, as applicable. |
| &nbsp;&nbsp; <br>Most Recent Debt Service Coverage Net Cash Flow Percentage | &nbsp;&nbsp; Most Recent Net Cash Flow Amount divided by Most Recent Debt Service Amount. This procedure was only performed for those Mortgage Loans with a Most Recent Net Cash Flow Amount. With respect to any Mortgage Loan that is part of a loan combination, the procedure is calculated inclusive of the indebtedness of any pari passu companion loans, as applicable. |
| &nbsp;&nbsp; <br>Report Period Beginning Schedule Loan Balance Amount | &nbsp;&nbsp; Assuming no prepayments of principal, recompute using the First P&I Payment Date, Monthly Debt Service (P&I), Original Balance, Interest Accrual Method, Rate and the Due Date in September 2025. With respect to partial interest-only Mortgage Loans determined to be non-amortizing as of September 2025 and full term interest-only Mortgage Loans (if any), the Report<br> Period Beginning Schedule Loan Balance Amount was set to equal the Original Balance. |
| &nbsp;&nbsp; <br>Report Period End Actual Balance Amount | &nbsp;&nbsp;Assuming no prepayments of principal, recompute using the First P&I Payment Date, Monthly Debt Service (P&I), Original Balance, Interest Accrual Method, Rate and the Cut-off Date. With respect to partial interest-only Mortgage Loans determined to be non-amortizing as of the Cut-off Date and full term interest-only Mortgage Loans (if any), the Report Period End Actual Balance Amount was set to equal the Original Balance. |
| Total Scheduled Principal Interest Due Amount | &nbsp;&nbsp;Sum of Scheduled Interest Amount and Scheduled Principal Amount. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp; <br>Scheduled Interest Amount | &nbsp;&nbsp;Product of Report Period Beginning Schedule Loan Balance Amount, Rate, the number of calendar days from and inclusive of the Due Date in September 2025 to and exclusive of the Due Date in October 2025 and a fraction equal to 1/360. This procedure was not performed for those Mortgage Loans with a Seasoning equal to zero. |
| &nbsp;&nbsp; <br> Scheduled Principal Amount | &nbsp;&nbsp;Difference between Scheduled Interest Amount and Monthly Debt Service (P&I). This procedure was only performed for those Mortgage Loans determined to be amortizing as of the Due Date in October 2025. |

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**ATTACHMENT C**

**INSTRUCTIONS**

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

&nbsp;&nbsp;&nbsp;&nbsp;2. We were instructed by the Company to perform procedures on the following Compared Attributes for only
the largest 15 Mortgage Loans based on Cut-off Date Balance (the, "Top 15").

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| |
|:---|
| &nbsp;&nbsp;**Compared Attribute** |
| &nbsp;&nbsp;Sources: Loan Amount ($) |
| &nbsp;&nbsp;Sources: Principal's New Cash Contribution ($) |
| &nbsp;&nbsp;Sources: Subordinate Debt ($) |
| &nbsp;&nbsp;Sources: Other Sources ($) |
| &nbsp;&nbsp;Sources: Total Sources ($) |
| &nbsp;&nbsp;Uses: Loan Payoff ($) |
| &nbsp;&nbsp;Uses: Purchase Price ($) |
| &nbsp;&nbsp;Uses: Closing Costs ($) |
| &nbsp;&nbsp;Uses: Reserves ($) |
| &nbsp;&nbsp;Uses: Principal Equity Distribution ($) |
| &nbsp;&nbsp;Uses: Other Uses ($) |
| &nbsp;&nbsp;Uses: Total Uses ($) |

---

&nbsp;&nbsp;&nbsp;&nbsp;3. We were instructed by the Company to follow the instructions listed below pertaining to the applicable
Mortgage Loans and Mortgaged Properties and Compared or Recomputed Attribute(s):

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Compared Attribute(s) or Recomputed Attribute(s)** | &nbsp;&nbsp;**Instruction** |
| &nbsp;&nbsp; <br>BioMed MIT Portfolio | &nbsp;&nbsp; <br>Cut-Off Date Balance per Unit or SF | &nbsp;&nbsp;We were instructed to replace clause (ii) of this procedure with the sum of Units/SF and "454,758" |
| &nbsp;&nbsp; <br> Washington Square | &nbsp;&nbsp; <br> Uses: Closing Costs ($) | &nbsp;&nbsp;We were instructed to exclude out of pocket costs. |
| &nbsp;&nbsp; <br> Washington Square | &nbsp;&nbsp; <br> Uses: Principal Equity Distribution ($) | &nbsp;&nbsp;We were instructed to exclude out of pocket costs |

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**ATTACHMENT C**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Compared Attribute(s) or Recomputed Attribute(s)** | &nbsp;&nbsp;**Instruction** |
| &nbsp;&nbsp; <br>Coastal Equities Portfolio | &nbsp;&nbsp; <br>Underwritten TI/LC | &nbsp;&nbsp;We were instructed to subtract "$200,000" from the total Underwritten TI/LC for the related Mortgage Loan |
| &nbsp;&nbsp; <br>Coastal Equities Portfolio | &nbsp;&nbsp; <br>Underwritten NCF | &nbsp;&nbsp;We were instructed to add "$200,000" to the total Underwritten NCF for the related Mortgage Loan |
| &nbsp;&nbsp; <br>Coastal Equities Portfolio | &nbsp;&nbsp; <br>Current Tax Escrow Balance | &nbsp;&nbsp;We were instructed to compare the Current Tax Escrow Balance to the corresponding information contained in the Servicer Records |
| &nbsp;&nbsp; <br>Coastal Equities Portfolio | &nbsp;&nbsp; <br>Current Insurance Escrow Balance | &nbsp;&nbsp;We were instructed to compare the Current Insurance Escrow Balance to the corresponding information contained in the Servicer Records |
| &nbsp;&nbsp; <br>Coastal Equities Portfolio | &nbsp;&nbsp; <br>Current Cap Ex Escrow Balance | &nbsp;&nbsp; We were instructed to compare the Current Cap Ex Escrow Balance to the corresponding information<br> contained in the Servicer Records |
| &nbsp;&nbsp; <br>Coastal Equities Portfolio | &nbsp;&nbsp; <br>Current TI/LC Balance | &nbsp;&nbsp;We were instructed to compare the Current TI/LC Balance to the corresponding information contained in the Servicer Records |
| &nbsp;&nbsp; <br>Coastal Equities Portfolio | &nbsp;&nbsp; <br>Current Other Balance | &nbsp;&nbsp;We were instructed to compare the Current Other Balance to the corresponding information contained in the Servicer Records |
| &nbsp;&nbsp; <br>Windsor Building | &nbsp;&nbsp; % NSF of 2nd Largest Tenant (%) | &nbsp;&nbsp; We were instructed to recompute as NSF of 2nd<br> Largest Tenant (SF) divided by "28,920" |
| &nbsp;&nbsp; <br>Windsor Building | &nbsp;&nbsp; % NSF of the Largest Tenant (%) | &nbsp;&nbsp; We were instructed to recompute as NSF of Largest Tenant (SF) divided by<br> "28,920" |
| &nbsp;&nbsp; <br> Buckeye Building | &nbsp;&nbsp; <br> % NSF of the Largest Tenant (%) | &nbsp;&nbsp;We were instructed to recompute as NSF of Largest Tenant (SF) divided by "8,270" |

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**ATTACHMENT C**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Property Name** | &nbsp;&nbsp;**Compared Attribute(s) or Recomputed Attribute(s)** | &nbsp;&nbsp;**Instruction** |
| &nbsp;&nbsp;Plantation Plaza | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Shoppes at Woodruff | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;East Towne Centre | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;East Town Plaza | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Sussex Plaza | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Smithfield Plaza | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Surfside Commons | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Windsor Building | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Buckeye Building | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Woolworth | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;MFG Building | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Kresge Building | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;410 Euclid | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;413 Prospect | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;W.T. Grant Retail | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Sincere Retail | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Corts Building | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Commercial Building | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;2050 East 4th | &nbsp;&nbsp;Original Balance; Cut-Off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Arapaho Business Park | &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Arapaho and Crystal Pointe Flex Portfolio | &nbsp;&nbsp;Lien Position Securitization Code | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Deerpath Pavilion & Smithville Square | &nbsp;&nbsp;Cash Management Status | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Woolworth | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;MFG Building | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Kresge Building | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;410 Euclid | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;413 Prospect | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;W.T. Grant Retail | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Sincere Retail | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Corts Building | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Commercial Building | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;2050 East 4th | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |

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## Ex-2

**Exhibit 2**

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| | | |
|:---|:---|:---|
| ![](eylogo2.jpg) | **Ernst & Young LLP**<br> One Manhattan West<br> New York, NY 10001 | Tel: +1 212 773 3000<br> ey.com |

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

Wells Fargo Commercial Mortgage Securities, Inc. (the "Depositor")

Wells Fargo Bank, N.A. ("WFB")

Wells Fargo Securities, LLC

JPMorgan Chase Bank, National Association ("JPMCB")

Argentic Real Estate Finance 2 LLC ("AREF2")

Societe Generale Financial Corporation ("SGFC")

SG Americas Securities, LLC

Goldman Sachs Mortgage Company ("GSMC")

Goldman Sachs & Co. LLC

Goldman Sachs Bank USA

BSPRT CMBS Finance, LLC ("BSPRT")

(collectively, the "Specified Parties")

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| | |
|:---|:---|
| **Re:** | **Wells Fargo Commercial Mortgage Trust 2025-C65 (the "Issuing Entity")** |
|  | **Commercial Mortgage Pass-Through Certificates, Series 2025-C65 (the "Certificates")** |

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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 Underwriting Files, Underwritten Rent Rolls and ASRs (all as defined herein) (as applicable) (collectively, the "Subject Matter") relating to the Issuing Entity's securitization transaction as of 24 September 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.

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

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For the purpose of the procedures described in this report, WFB, JPMCB, AREF2, SGFC, GSMC and BSPRT (collectively, the "Mortgage Loan Sellers"), on behalf of the Depositor, provided us with the following information, as applicable, for each Mortgage Loan:

a. 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 three year period, if applicable (the "Historical 3 Year Period"), and most recent trailing twelve month period, if applicable (the "TTM Period," together with the Historical 3 Year Period, the "Historical Periods"),
for the Collateral Property or Collateral Properties (both as defined herein) that secure the Mortgage Loan,

b. The most recent appraisal reports (the "Appraisals") prepared for the applicable Mortgage Loan Seller, which contain the appraiser's estimated year one (the "Year One Period," together with the Historical Periods, the "Specified Periods") revenue and expense information for the Collateral Property or Collateral Properties that secure the Mortgage Loan,

c. The borrower budgets (the "Borrower Budgets") prepared by the Mortgage Loan borrower(s) for the Collateral Property or Collateral Properties that secure the Mortgage Loan,

d. Copies of the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Ground rent abstracts or leases, if applicable (the "Ground Rent Documents"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Most recent real estate tax bills (the "Tax Bills") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Most recent insurance review files (the "Insurance Review Files")

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

e. Asset summary report(s) (the "ASRs") for each Mortgage Loan,

f. The most recent electronic borrower rent roll files (the "Borrower Rent Roll Files") for the Collateral Property or Collateral Properties that secure the Mortgage Loan,

g. The lease abstracts (the "Lease Abstracts"), lease agreements (the "Leases") and/or lease estoppels (the "Estoppels," together with the Lease Abstracts and Leases, the "Lease Documents") relating to the commercial tenants at the Collateral Property or Collateral Properties that secure the Mortgage Loan,

h. Lender prepared Argus files (the "512 West 22nd Street Argus Files") for the Collateral Property that secures the Mortgage Loan identified on the Mortgage Loan Schedule (as defined herein) as "512 West 22nd Street" (the "512 West 22nd Street Mortgage Loan"),

i. Underwritten rent rolls (the "Underwritten Rent Rolls") for the Collateral Property or Collateral Properties that secure the Mortgage Loan,

j. Electronic underwriting files (the "Underwriting Files") prepared by the applicable Mortgage Loan Seller containing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The revenue and expense information for the Specified Periods 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 Mortgage Loan,

k. Instructions, assumptions and methodologies (the "Underwriting Instructions and Adjustments") used to prepare the information on the ASRs, Underwritten Rent Rolls, Underwriting Files and/or Tenant Billing Schedules (as defined herein), which were included as footnotes to the Underwriting Files and/or were separately provided in e-mail or other written correspondence from the applicable Mortgage Loan Seller and

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

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

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For the purpose of the procedures described in this report, the Depositor provided us with a schedule (the "Mortgage Loan Schedule") containing a list of the Mortgage Loans and the original principal balance of each Mortgage Loan, which is shown on Exhibit 1 to Attachment A.

For the purpose of the procedures described in this report with respect to each of the first fifteen (15) Mortgage Loans shown on the Mortgage Loan Schedule (collectively, the "Top 15 Mortgage Loans"), the Mortgage Loan Sellers, as applicable, on behalf of the Depositor, provided us with the tenant billing schedule and any supplemental information prepared by the Mortgage Loan borrower(s) (each, a "Tenant Billing Schedule") relating to the tenants at the Collateral Property or Collateral Properties that secure such Top 15 Mortgage Loan.

For the purpose of the procedures described in this report, the Borrower Operating Statement Data Files, Appraisals, Borrower Budgets, Ground Rent Documents, Tax Bills, Insurance Review Files, Borrower Rent Roll Files, Lease Documents, 512 West 22nd Street Argus Files and Tenant Billing Schedules are hereinafter collectively referred to as the "Source Documents."

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, Source Documents, ASRs, Underwritten Rent Rolls, Underwriting Files, Underwriting Instructions and Adjustments, Mortgage Loan Schedule 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 ASRs (as applicable), Underwritten Rent Rolls or Underwriting Files. We have not verified, and we make no representation as to, the appropriateness, accuracy, completeness or reasonableness of the Source Documents, ASRs (as applicable), Underwriting Instructions and Adjustments, Mortgage Loan Schedule or any other information provided to us, or that we were instructed to obtain, by the Depositor or Mortgage Loan Sellers, 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 or ASR (as applicable) to any information contained in any other Source Document or ASR (as applicable). 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 Mortgage Loan Sellers, 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.

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

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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.

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

24 September 2025

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

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**<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 fixed rate commercial mortgage loans (the "Mortgage Loans") secured by first liens on various types of commercial properties (each, a "Collateral Property," and collectively, the "Collateral Properties").

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

*Operating Statement Comparison and Recalculation Procedures*

1. Using the applicable Source Document(s) listed on the AUP Findings Schedules (as defined herein) and the Underwriting Instructions and Adjustments (as applicable) for each Mortgage Loan (as applicable), we compared, or recalculated and compared:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The effective gross revenue or total revenues,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Total expenses and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Net operating income or net cash flow

for each Specified Period that is shown in the applicable Source Document(s) to the corresponding information on the Underwriting File. We provided the Mortgage Loan Sellers (as applicable) 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. Omit non-cash and non-recurring revenues and expenses that are shown on the Borrower Operating Statement Data Files from the comparison of the information that is shown on the Underwriting File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Use a materiality threshold of +/- 3%, calculated as a percentage of the value as shown in the applicable Source Document(s), which is also below $10,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Not perform the procedure described above for any of the Specified Periods that were not shown on the Underwriting Files for the Collateral Properties that secure the Mortgage Loan.

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

---

 

*Cashflow Reimbursement Comparison and Recalculation Procedures*

2. Using the applicable Source Document(s) listed on the AUP Findings Schedules and the Underwriting Instructions and Adjustments (as applicable) for each Top 15 Mortgage Loan (as applicable), we compared, or recalculated and compared, the cash flow reimbursements for the five largest tenants (by underwritten base rent revenue) at the Collateral Property or Collateral Properties that secure such Top 15 Mortgage Loan, as shown in the applicable Source Document(s), to the corresponding underwritten
cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. We provided the Mortgage Loan Sellers (as applicable) 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 use a materiality threshold of +/- 10%, calculated as a percentage of the value as shown in the applicable Source Document(s), which is also below $10,000.

*Supporting Expense Comparison and Recalculation Procedures*

3. Using the applicable Source Document(s) listed on the AUP Findings Schedules and the Underwriting Instructions and Adjustments (as applicable) for each for each Mortgage Loan (as applicable), we compared, or recalculated and compared, the ground rent expense of each Mortgage Loan for the Underwritten Period, as shown in the applicable Source Document(s), to the corresponding information on the Underwriting File. We provided the Mortgage Loan Sellers (as applicable) 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 use a materiality threshold of +/- 5%, calculated as a percentage of the value as shown in the applicable Source Document(s).

4. Using the applicable Source Document(s) listed on the AUP Findings Schedules and the Underwriting Instructions and Adjustments (as applicable) for each Mortgage Loan (as applicable), we compared, or recalculated and compared, the tax expense and insurance expense amounts for the Underwritten Period (as applicable), as shown in the applicable Source Document(s), to the corresponding information on the Underwriting File. We provided the Mortgage Loan Sellers (as applicable) 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 only identify differences where the tax expense and insurance expense amounts in the applicable Source Document(s) exceeded a -5% and -$10,000 variance from the corresponding amounts on the Underwriting File and that were not explained in the Underwriting Instructions and Adjustments.

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

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*Lease Expiration and Termination Comparison Procedures*

5. Using the applicable Source Document(s) listed on the AUP Findings Schedules and the Underwriting Instructions and Adjustments (as applicable) for the Collateral Property or Collateral Properties that secure each Top 15 Mortgage Loan (as applicable), we compared:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The lease expiration date only for the commercial tenants (ordered, from largest to smallest, by the underwritten base rent revenue of each tenant) that comprise 80% of the aggregate underwritten base rent revenue (a maximum of ten tenants), as shown on the Underwritten Rent Roll, at the Collateral Property or Collateral Properties that secure such Top 15 Mortgage Loan and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The lease early termination options for the ten largest commercial tenants (by underwritten base rent revenue) at the Collateral Property or Collateral Properties that secure such Top 15 Mortgage Loan,

all as shown in the applicable Source Document(s), to the corresponding information on the Underwritten Rent Roll (or ASR if the lease early termination options are not shown on the Underwritten Rent Roll). We provided the Mortgage Loan Sellers (as applicable) a list of any differences that were found (subject to the instruction(s) provided by the Depositor described below).

Using the applicable Source Document(s) listed on the AUP Findings Schedules and the Underwriting Instructions and Adjustments (as applicable) for the Collateral Property or Collateral Properties that secure each Mortgage Loan that is not a Top 15 Mortgage Loan (as applicable), we compared the lease expiration date and lease early termination options for the five largest commercial tenants (by underwritten base rent revenue) at the Collateral Property or Collateral Properties that secure such Mortgage Loan, as shown in the applicable Source Document(s), to the corresponding information on the Underwritten Rent Roll (or ASR if the lease early termination options are not shown on the Underwritten Rent Roll). We provided the Mortgage Loan Sellers (as applicable) a list of any differences that were found (subject to the instruction(s) provided by the Depositor described below).

For the purpose of the lease expiration date comparison procedures, the Depositor instructed us to use a materiality threshold of +/- 90 days.

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

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*Underwritten Cashflow Comparison and Recalculation Procedures*

6. Using:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The TTM Period revenue and expense information that is contained on the Underwriting File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The underwritten revenue and expense information that is contained on the Underwriting File and

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

for each Mortgage Loan (as applicable), we compared the underwritten revenue and expense line items, as shown on the Underwriting File, to the corresponding TTM Period revenue and expense line items, as shown on the Underwriting File. We provided the Mortgage Loan Sellers (as applicable) 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 of +/- 10%, calculated as a percentage of the TTM Period revenue and expense line item value, as shown on the Underwriting File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Only identify differences over the 10% materiality threshold (calculated as described in a. above) that were not explained in the Underwriting Instructions and Adjustments.

Using:

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Information in the ASRs,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Information on the Underwritten Rent Rolls and

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

for each Mortgage Loan (as applicable) and the additional instruction provided by the Depositor described in item b. of the succeeding paragraph of this Item, we recalculated and compared the underwritten revenue and expense line items on the Underwriting File. We provided the Mortgage Loan Sellers (as applicable) 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 +/- 5%, calculated as a percentage of the value as shown on the Underwriting File, which is also below $15,000, and

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

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

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Subsequent to the performance of the procedures described in the preceding Items, the Mortgage Loan Sellers, on behalf of the Depositor, provided us with certain updated ASRs (as applicable), Underwritten Rent Rolls and Underwriting Files for each 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 Mortgage Loan that are described in
the preceding Items to the corresponding information on the updated ASRs (as applicable), Underwritten Rent Rolls or Underwriting Files (as applicable). All such compared information was in agreement. Attached as Exhibit 2 to Attachment A is a schedule for each Mortgage Loan (collectively, the "AUP Findings Schedules"), which contains the primary Source Documents for each Mortgage Loan that were used to perform the procedures described in the preceding Items and the results of the
comparison procedures described in the preceding two sentences of this Item.

**Exhibit 1 to Attachment A**

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

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**<u>Mortgage Loan</u>** | &nbsp;&nbsp;&nbsp;&nbsp;**<u>Original Principal Balance</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;BioMed MIT Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$100000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;4 Union Square South | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$100000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Market Place Center | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$100000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;512 West 22nd Street | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$84500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coastal Equities Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hacienda Center | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$45000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marriott Greensboro Downtown | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$42000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Arapaho and Crystal Pointe Flex Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rivercrest Walmart Shadow Anchored Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$41000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;MRN Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$38000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Washington Square | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30833333 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Willard & The Met | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVS-Walgreens Portfolio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hampton Inn Blue Ridge | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deerpath Pavilion & Smithville Square | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hilton Tucson East | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hampton Inn Danville | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Roosevelt & Capitol | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10300000 |
| &nbsp;&nbsp;&nbsp;&nbsp;32 Old Slip - Leased Fee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Princessa Plaza | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8600000 |
| &nbsp;&nbsp;&nbsp;&nbsp;75 Executive Drive | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7300000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stor N Lock - Santa Rosa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7300000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Quantum on the Bay | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3325000 |

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| | |
|:---|:---|
| **<u>Note</u>:** | For any pari passu Mortgage Loans, the original principal balance in the table above represents the portion of the whole loan that will be included in the Issuing Entity's securitization transaction. |

---

**Exhibit 2 to Attachment A**

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

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| | | | |
|:---|:---|:---|:---|
| **BioMed MIT Portfolio** | **BioMed MIT Portfolio** | **BioMed MIT Portfolio** | **BioMed MIT Portfolio** |
| Mortgage Loan Seller: JPMCB | Mortgage Loan Seller: JPMCB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $100,000,000 | Original Principal Balance: $100,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Tax Bills, Tenant Billing Schedules and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | Ground Rent Documents, Borrower Budgets and Underwriting Instructions and Adjustments | No Exceptions Noted |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review Files | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases and Lease Abstracts | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASR, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

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| | | | |
|:---|:---|:---|:---|
| **4 Union Square South** | **4 Union Square South** | **4 Union Square South** | **4 Union Square South** |
| Mortgage Loan Seller: WFB | Mortgage Loan Seller: WFB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $100,000,000 | Original Principal Balance: $100,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Appraisal | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Borrower Rent Roll File and Leases | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

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| | | | |
|:---|:---|:---|:---|
| **Market Place Center** | **Market Place Center** | **Market Place Center** | **Market Place Center** |
| Mortgage Loan Seller: WFB | Mortgage Loan Seller: WFB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $100,000,000 | Original Principal Balance: $100,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisal and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Borrower Rent Roll File | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **512 West 22nd Street** | **512 West 22nd Street** | **512 West 22nd Street** | **512 West 22nd Street** |
| Mortgage Loan Seller: JPMCB | Mortgage Loan Seller: JPMCB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $84,500,000 | Original Principal Balance: $84,500,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Appraisal | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Leases and 512 West 22nd Street Argus Files | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Insurance Review File, 512 West 22nd Street Argus Files and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases, Borrower Rent Roll File and Estoppels | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Coastal Equities Portfolio** | **Coastal Equities Portfolio** | **Coastal Equities Portfolio** | **Coastal Equities Portfolio** |
| Mortgage Loan Seller: JPMCB | Mortgage Loan Seller: JPMCB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $55,000,000 | Original Principal Balance: $55,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Borrower Budget and Insurance Review Files | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

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| | | | |
|:---|:---|:---|:---|
| **Hacienda Center** | **Hacienda Center** | **Hacienda Center** | **Hacienda Center** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $45,000,000 | Original Principal Balance: $45,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisal, Tax Bills and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Borrower Rent Roll File and Leases | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases and Estoppels | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **Marriott Greensboro Downtown** | **Marriott Greensboro Downtown** | **Marriott Greensboro Downtown** | **Marriott Greensboro Downtown** |
| Mortgage Loan Seller: WFB | Mortgage Loan Seller: WFB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $42,000,000 | Original Principal Balance: $42,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Appraisal | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Appraisal and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **Arapaho and Crystal Pointe Flex Portfolio** | **Arapaho and Crystal Pointe Flex Portfolio** | **Arapaho and Crystal Pointe Flex Portfolio** | **Arapaho and Crystal Pointe Flex Portfolio** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $41,000,000 | Original Principal Balance: $41,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisals and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Borrower Rent Roll File, Borrower Budget and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Appraisals and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases, Lease Abstracts and Estoppels | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **Rivercrest Walmart Shadow Anchored Portfolio** | **Rivercrest Walmart Shadow Anchored Portfolio** | **Rivercrest Walmart Shadow Anchored Portfolio** | **Rivercrest Walmart Shadow Anchored Portfolio** |
| Mortgage Loan Seller: WFB | Mortgage Loan Seller: WFB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $41,000,000 | Original Principal Balance: $41,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisals and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Lease Abstracts | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Appraisals and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Lease Abstracts and Borrower Rent Roll File | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **MRN Portfolio** | **MRN Portfolio** | **MRN Portfolio** | **MRN Portfolio** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $38,000,000 | Original Principal Balance: $38,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisals and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Tenant Billing Schedule and Tax Bills | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

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| | | | |
|:---|:---|:---|:---|
| **Washington Square** | **Washington Square** | **Washington Square** | **Washington Square** |
| Mortgage Loan Seller: JPMCB | Mortgage Loan Seller: JPMCB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $30,833,333 | Original Principal Balance: $30,833,333 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | Tenant Billing Schedule and Leases | No Exceptions Noted |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Borrower Budget, Insurance Review File and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases, Estoppels and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

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| | | | |
|:---|:---|:---|:---|
| **The Willard & The Met** | **The Willard & The Met** | **The Willard & The Met** | **The Willard & The Met** |
| Mortgage Loan Seller: BSPRT | Mortgage Loan Seller: BSPRT | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $25,000,000 | Original Principal Balance: $25,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisals and Undewriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | Ground Rent Documents and Appraisals | No Exceptions Noted |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **CVS-Walgreens Portfolio** | **CVS-Walgreens Portfolio** | **CVS-Walgreens Portfolio** | **CVS-Walgreens Portfolio** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $24,000,000 | Original Principal Balance: $24,000,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Appraisals | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | N/A | N/A |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Borrower Rent Roll File and Leases | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **Hampton Inn Blue Ridge** | **Hampton Inn Blue Ridge** | **Hampton Inn Blue Ridge** | **Hampton Inn Blue Ridge** |
| Mortgage Loan Seller: WFB | Mortgage Loan Seller: WFB | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $16,500,000 | Original Principal Balance: $16,500,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisal and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Appraisal and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **Deerpath Pavilion & Smithville Square** | **Deerpath Pavilion & Smithville Square** | **Deerpath Pavilion & Smithville Square** | **Deerpath Pavilion & Smithville Square** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | Yes |
| Original Principal Balance: $15,500,000 | Original Principal Balance: $15,500,000 | Non-Top 15 Mortgage Loan: | No |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Appraisals | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases and Borrower Rent Roll File | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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| | | | |
|:---|:---|:---|:---|
| **Hilton Tucson East** | **Hilton Tucson East** | **Hilton Tucson East** | **Hilton Tucson East** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $15,000,000 | Original Principal Balance: $15,000,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Appraisal | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Hampton Inn Danville** | **Hampton Inn Danville** | **Hampton Inn Danville** | **Hampton Inn Danville** |
| Mortgage Loan Seller: WFB | Mortgage Loan Seller: WFB | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $11,000,000 | Original Principal Balance: $11,000,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisal and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Insurance Review File and Appraisal | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Roosevelt & Capitol** | **Roosevelt & Capitol** | **Roosevelt & Capitol** | **Roosevelt & Capitol** |
| Mortgage Loan Seller: SGFC | Mortgage Loan Seller: SGFC | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $10,300,000 | Original Principal Balance: $10,300,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisal and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Appraisal and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **32 Old Slip - Leased Fee** | **32 Old Slip - Leased Fee** | **32 Old Slip - Leased Fee** | **32 Old Slip - Leased Fee** |
| Mortgage Loan Seller: GSMC | Mortgage Loan Seller: GSMC | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $10,000,000 | Original Principal Balance: $10,000,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | N/A | N/A |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | Ground Rent Documents | No Exceptions Noted |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | N/A | N/A |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Princessa Plaza** | **Princessa Plaza** | **Princessa Plaza** | **Princessa Plaza** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $8,600,000 | Original Principal Balance: $8,600,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisal and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Leases and Estoppel | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **75 Executive Drive** | **75 Executive Drive** | **75 Executive Drive** | **75 Executive Drive** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $7,300,000 | Original Principal Balance: $7,300,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files, Appraisal and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Tax Bills and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Borrower Rent Roll File and Leases | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Stor N Lock - Santa Rosa** | **Stor N Lock - Santa Rosa** | **Stor N Lock - Santa Rosa** | **Stor N Lock - Santa Rosa** |
| Mortgage Loan Seller: WFB | Mortgage Loan Seller: WFB | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $7,300,000 | Original Principal Balance: $7,300,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Appraisal | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | Ground Rent Documents and Underwriting Instructions and Adjustments | No Exceptions Noted |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Insurance Review File, Appraisal and Underwriting Instructions and Adjustments | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | N/A | N/A |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

---

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| | | | |
|:---|:---|:---|:---|
| **Quantum on the Bay** | **Quantum on the Bay** | **Quantum on the Bay** | **Quantum on the Bay** |
| Mortgage Loan Seller: AREF2 | Mortgage Loan Seller: AREF2 | Top 15 Mortgage Loan: | No |
| Original Principal Balance: $3,325,000 | Original Principal Balance: $3,325,000 | Non-Top 15 Mortgage Loan: | Yes |
| The following Items refer to the procedures described in Attachment A: | The following Items refer to the procedures described in Attachment A: |  |  |
| **Item** | **Description of the Procedures** | **Primary Source Document(s) Used** | **Findings** |
|  | OPERATING STATEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 1 | For each Mortgage Loan, compare, or recalculate and compare (i) effective gross revenue or total revenues, (ii) total expenses and (iii) net operating income or net cash flow information as shown in the Source Document(s) listed (as applicable) for each Specified Period to the corresponding information on the Underwriting File. Identify any variance above a 3% threshold and $10,000. | Borrower Operating Statement Data Files and Appraisal | No Exceptions Noted |
|  | CASHFLOW REIMBURSEMENT COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 2 | For each Top 15 Mortgage Loan, compare, or recalculate and compare, the cash flow reimbursements for the top five tenants (by underwritten base rent revenue) as shown in the Source Document(s) listed (as applicable) to the corresponding underwritten cash flow reimbursements on the Underwritten Rent Roll or Underwriting File. Identify any variance above a 10% and $10,000 threshold. | N/A | N/A |
|  | SUPPORTING EXPENSE COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 3 | For each Mortgage Loan, compare, or recalculate and compare, the ground rent expense as shown in the Source Document(s) listed (as applicable) for the Underwritten Period to the corresponding amount on the Underwriting File. Identify any variance above a 5% threshold. | N/A | N/A |
| 4 | For each Mortgage Loan, compare, or recalculate and compare, the tax expense and insurance expense amounts as shown in the Source Document(s) listed (as applicable) to the corresponding amounts for the Underwritten Period on the Underwriting File. Identify any variance that exceeds a -5% and -$10,000 threshold. | Appraisal and Insurance Review File | No Exceptions Noted |
|  | LEASE EXPIRATION AND TERMINATION COMPARISON PROCEDURES |  |  |
| 5 | For each Top 15 Mortgage Loan, compare the lease expiration date (only for the commercial tenants (ordered by underwritten base rent of each tenant) that comprise 80% of the aggregate underwritten base rent revenue, with a maximum of ten commercial tenants) and lease early termination options (for the top ten commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. <br>For each Mortgage Loan that is not a Top 15 Mortgage Loan, compare the lease expiration date (for the top five commercial tenants by underwritten base rent revenue) and lease early termination options (for the top five commercial tenants by underwritten base rent revenue) that are shown in the Source Document(s) listed (as applicable) to the corresponding information on the Underwritten Rent Roll (or ASR if the lease termination options are not shown on the Underwritten Rent Roll). Identify any variance above a 90-day threshold. | Borrower Rent Roll File and Leases | No Exceptions Noted |
|  | UNDERWRITTEN CASHFLOW COMPARISON AND RECALCULATION PROCEDURES |  |  |
| 6 | For each Mortgage Loan, using the TTM Period revenue and expense information on the Underwriting File, underwritten revenue and expense information on the Underwriting File and the Underwriting Instructions and Adjustments, compare the underwritten revenue and expense line items on the Underwriting File to the corresponding TTM Period revenue and expense line items on the Underwriting File. Identify any differences above a 10% threshold that are not explained in the Underwriting Instructions and Adjustments.<br>For each Mortgage Loan, using the information on the Underwriting File, Source Documents, ASRs, Underwritten Rent Roll 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 5% and $15,000. | Underwriting File, Source Documents, ASRs, Underwritten Rent Roll and Underwriting Instructions and Adjustments | No Exceptions Noted |
| *\*\*N/A: Not Applicable* | *\*\*N/A: Not Applicable* |  |  |

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