# EDGAR Filing Document

**Accession Number:** 0001258361
**File Stem:** 0001539497-25-002668
**Filing Date:** 2025-10
**Character Count:** 36404
**Document Hash:** 2d7de6419688d4f8fb27618bd9897721
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-002668.hdr.sgml**: 20251009

**ACCESSION NUMBER**: 0001539497-25-002668

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20251009

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

**FILED AS OF DATE**: 20251009

**DATE AS OF CHANGE**: 20251009

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0001258361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 861073506
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00521
- **FILM NUMBER:** 251384932

**BUSINESS ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2128165343

**MAIL ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0001258361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 861073506
- **STATE OF INCORPORATION:** DE

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

**BUSINESS ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2128165343

**MAIL ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC
- **CENTRAL INDEX KEY:** 0001258361
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 861073506
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00521

**BUSINESS ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2128165343

**MAIL ADDRESS:**
- **STREET 1:** 390 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-l5G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G OF**

**THE SECURITIES EXCHANGE ACT OF 1934** 

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

___ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period_________ to __________

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

______________________________________________________________________

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

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

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

Central Index Key Number of depositor: 0001258361

BFLD Commercial Mortgage Trust 2025-660F<br> (Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity: Not applicable

Central Index Key Number of underwriter: Not applicable

Richard Simpson, Citigroup Commercial Mortgage Securities Inc., (212) 816-5343<br> ______________________________________________________________________________________

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

**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.**

See Independent Accountants' Agreed-Upon Procedures Report, dated October 9, 2025, which was obtained by the depositor, attached as Exhibit 99.1 to this Form ABS-15G.

**Item 2.02 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Underwriter.**

Not Applicable

**Exhibits.**

99.1 Independent Accountants' Agreed-Upon Procedures Report, dated October 9, 2025.

**SIGNATURES**

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

Date: October 9, 2025

Citigroup Commercial Mortgage Securities Inc.

(Depositor)

/s/ Richard Simpson

Name: Richard Simpson<br> Title: President

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXHIBIT INDEX**

Exhibit Number Description <br>Exhibit 99.1 Independent Accountants' Agreed-Upon Procedures Report, dated October 9, 2025.

## Exhibit 99.1

**Exhibit 99.1**

---

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

---

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

Citigroup Commercial Mortgage Securities Inc.

Citi Real Estate Funding Inc.

(together, the "Company")

Citigroup Global Markets Inc.

Barclays Capital Inc.

Barclays Capital Real Estate Inc.

ING Capital LLC

ING Financial Markets LLC

Bank of America, N.A.

BofA Securities, Inc.

Brookfield Securities LLC

Santander Bank, N.A.

Santander US Capital Markets LLC

(collectively, the "Specified Parties"):

Re: BFLD Commercial Mortgage Trust 2025-660F – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "BFLD 2025-660F Accounting Tape.xlsx" provided by the Company on October 9, 2025 (the "Data File"), containing information on one mortgage loan (the "Mortgage Loan") and one related property (the "Property") as of November 9, 2025 (the "Cut-off Date"), which we were informed is intended to be included as collateral in the offering by BFLD Commercial Mortgage Trust 2025-660F, Commercial Mortgage Pass-Through Certificates, Series 2025-660F (the "Certificates"). The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet 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:

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

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

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 term "reporting threshold" means that dollar amounts and percentages were within $1.00 and 0.1%, respectively.

· The term "Provided by the Company", when used in the "Source Document(s)" column of Attachment A, means we
were instructed by the Company to assume the attribute is accurate and not perform any procedure.

· The term "Loan Files" means the electronic copies of source documents provided by the Company and listed in Attachment
A. Where the term "Draft" is used, it means source documents provided by the Company and listed in Attachment A are in draft
form and are not executed with signatures as of the date of this report. We make no representation regarding the validity or accuracy
of any of the source documents.

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

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

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

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

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

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

A. For the Mortgage Loan and Property included in the Data File, 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. 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 the Loan Files for each of the attributes identified, 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 of Attachment
A, with the highest priority document listed first.

B. For the Mortgage Loan and Property included in the Data File, we recomputed the Recomputed Attributes in the Data File using (i) the
corresponding information contained in the Data File, and (ii) the Calculation Methodology.

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.

![](kpmglogo2.jpg)

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 Loan and related Property, (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 Loan to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing the Mortgage Loan being securitized, (iii) the compliance of the originator of the Mortgage Loan with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Mortgage Loan and related Property 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

October 9, 2025

**ATTACHMENT A**

**COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Property ID | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Property Rank | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Property Name | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Property Sub-Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Address | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Zip | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Market | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Submarket | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Total NRA | &nbsp;&nbsp;Underwriting File, Space Breakdown Spreadsheet |
| &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;% of NRA Leased to Investment Grade Tenants | &nbsp;&nbsp;Underwriting File, Investment Grade Tenants Indicator Document |
| &nbsp;&nbsp;% of UW Gross Rent from Investment Grade Tenants | &nbsp;&nbsp;Underwriting File, Investment Grade Tenants Indicator Document |
| &nbsp;&nbsp;# of tenants | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;WA Lease Expiration Date | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;WA Lease Term Remaining | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Mortgage Loan Closing Date Balance | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Maturity Date Balance | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mezzanine Loan Closing Date Balance | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mezzanine Loan Maturity Date Balance | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Total Loan Closing Date Balance | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Total Loan Maturity Date Balance | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Individual As-Is Appraised Value Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Individual As-Is Appraised Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Engineering Report Provider | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Environmental Report Provider | &nbsp;&nbsp;Environmental Report |
| &nbsp;&nbsp;Environmental Report Date | &nbsp;&nbsp;Environmental Report |
| &nbsp;&nbsp;Phase II Required? | &nbsp;&nbsp;Environmental Report |
| &nbsp;&nbsp;Seismic Zone | &nbsp;&nbsp;Seismic Report, Engineering Report |
| &nbsp;&nbsp;PML % | &nbsp;&nbsp;Seismic Report, Engineering Report |
| &nbsp;&nbsp;Origination Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Assumed One-month Term SOFR | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Assumed Mortgage Loan Spread | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan Spread | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Term SOFR Cap | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Term SOFR Lookback days | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Term SOFR Cap Expiration Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Interest Calculation (30/360 / Actual/360) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Amort Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Grace Period | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;First Loan Payment Date | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Original Amortization Term (Months) | &nbsp;&nbsp;Draft Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Original IO Term (Months) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Maturity Date | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Floating Rate Component Extensions | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Fully Extended Maturity Date | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Lockbox | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Cash Management Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Cash Management Trigger | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Administrative Fee Rate (%) | &nbsp;&nbsp;Admin Fee Schedule |
| &nbsp;&nbsp;Floating Rate Component Prepayment Provision | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Partial Release Allowed? | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Property Release Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Tax Escrow | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Ongoing Tax Escrow Monthly | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Tax Escrow Springing Conditions | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Insurance Escrow | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Ongoing Insurance Escrow Monthly | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Insurance Escrow Springing Conditions | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Immediate Repairs Escrow | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial CapEx Escrow | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Ongoing Cap Ex Escrow Monthly | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Cap Ex Escrow Springing Conditions | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial TI/LC Escrow | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Ongoing TI/LC Escrow Monthly | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;TI/LC Escrow Springing Conditions | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Other Escrow | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Ongoing Other Escrow Monthly | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Ongoing Other Escrow Springing Condition | &nbsp;&nbsp;Draft Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Other Escrow Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Letter of Credit: Initial Notional Amount | &nbsp;&nbsp;Outstanding Costs 10.03.25 vRN.xlsx |
| &nbsp;&nbsp;Letter of Credit Description | &nbsp;&nbsp;Outstanding Costs 10.03.25 vRN.xlsx |
| &nbsp;&nbsp;Largest Tenant (by UW Gross Rent) Tenant Name | &nbsp;&nbsp;Underwriting File, Lease, Lease Abstract |
| &nbsp;&nbsp;Largest Tenant (by UW Gross Rent) Lease Exp. | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Largest Tenant (by UW Gross Rent) NRA | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Largest Tenant (by UW Gross Rent) UW Base Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Largest Tenant (by UW Gross Rent) UW Gross Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;2nd Largest Tenant (by UW Gross Rent) Tenant Name | &nbsp;&nbsp;Underwriting File, Lease, Lease Abstract |
| &nbsp;&nbsp;2nd Largest Tenant (by UW Gross Rent) Lease Exp. | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;2nd Largest Tenant (by UW Gross Rent) NRA | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;2nd Largest Tenant (by UW Gross Rent) UW Base Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;2nd Largest Tenant (by UW Gross Rent) UW Gross Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;3rd Largest Tenant (by UW Gross Rent) Tenant Name | &nbsp;&nbsp;Underwriting File, Lease, Lease Abstract |
| &nbsp;&nbsp;3rd Largest Tenant (by UW Gross Rent) Lease Exp. | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;3rd Largest Tenant (by UW Gross Rent) NRA | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;3rd Largest Tenant (by UW Gross Rent) UW Base Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;3rd Largest Tenant (by UW Gross Rent) UW Gross Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Base Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Base Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Base Rent | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Rent Steps | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Rent Steps | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Rent Steps | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Credit Rent Steps | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Credit Rent Steps | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Credit Rent Steps | &nbsp;&nbsp;Underwriting File |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Sponsor Year 1 Budget Potential Income from Vacant Space | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Potential Income from Vacant Space | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Potential Income from Vacant Space | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Reimbursements | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Reimbursements | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Reimbursements | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Gross Potential Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Gross Potential Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Gross Potential Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Economic Vacancy & Credit Loss | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Economic Vacancy & Credit Loss | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Economic Vacancy & Credit Loss | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Other Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Other Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Other Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Potential Gross Revenue | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Potential Gross Revenue | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Potential Gross Revenue | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Management Fee | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Management Fee | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Management Fee | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Utilities | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Utilities | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Utilities | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget General and Administrative | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) General and Administrative | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) General and Administrative | &nbsp;&nbsp;Underwriting File |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Sponsor Year 1 Budget Repairs and Maintenance | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Repairs and Maintenance | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Repairs and Maintenance | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Cleaning | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Cleaning | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Cleaning | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Security | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Security | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Security | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Real Estate Taxes | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Real Estate Taxes | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Real Estate Taxes | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Insurance | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Insurance | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Insurance | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Non-Recoverable | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Non-Recoverable | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Non-Recoverable | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Total Operating Expenses | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Total Operating Expenses | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Total Operating Expenses | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Net Operating Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Net Operating Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Net Operating Income | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Replacement Reserves | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Replacement Reserves | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Replacement Reserves | &nbsp;&nbsp;Underwriting File |

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**ATTACHMENT A**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Sponsor Year 1 Budget TI/LC's | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) TI/LC's | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) TI/LC's | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;Sponsor Year 1 Budget Net Cash Flow | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (In-Place) Net Cash Flow | &nbsp;&nbsp;Underwriting File |
| &nbsp;&nbsp;UW (Mark to Market) Net Cash Flow | &nbsp;&nbsp;Underwriting File |

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**ATTACHMENT B**

**RECOMPUTED ATTRIBUTES**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Mortgage Loan Closing Date Balance per SF | &nbsp;&nbsp;Mortgage Loan Closing Date Balance divided by Total NRA |
| &nbsp;&nbsp;% of Mortgage Loan Closing Date Balance | &nbsp;&nbsp;Mortgage Loan Closing Date Balance divided by the aggregate sum of each Mortgage Loan Closing Date Balance |
| Mezzanine Loan Closing Date Balance per SF | &nbsp;&nbsp;Mezzanine Loan Closing Date Balance divided by Total NRA |
| % of Mezzanine Loan Closing Date Balance | &nbsp;&nbsp;Mezzanine Loan Closing Date Balance divided by the aggregate sum of each Mezzanine Loan Closing Date Balance |
| Total Loan Closing Date Balance per SF | &nbsp;&nbsp;Total Loan Closing Date Balance divided by Total NRA |
| % of Total Loan Closing Date Balance | &nbsp;&nbsp;Total Loan Closing Date Balance divided by the aggregate sum of each Total Loan Closing Date Balance |
| &nbsp;&nbsp;Individual As-Is Appraised Value per SF | &nbsp;&nbsp;Individual As-Is Appraised Value divided by Total NRA |
| Mortgage Loan Interest Rate at Term SOFR Cap | &nbsp;&nbsp;Sum of Assumed Mortgage Loan Spread and Term SOFR Cap |
| Mezzanine Loan Interest Rate at Term SOFR Cap | &nbsp;&nbsp;Sum of Mezzanine Loan Spread and Term SOFR Cap |
| Monthly Mortgage Loan Debt Service Payment | &nbsp;&nbsp;Product of i) Mortgage Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Assumed One-month Term SOFR and iii) 365/360, divided by 12 |
| Annual Mortgage Loan Debt Service Payment | &nbsp;&nbsp;Product of i) Mortgage Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Assumed One-month Term SOFR and iii) 365/360 |
| Monthly Mortgage Loan Debt Service Payment at Term SOFR Cap | &nbsp;&nbsp;Product of i) Mortgage Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Term SOFR Cap and iii) 365/360, divided by 12 |
| Annual Mortgage Loan Debt Service Payment at Term SOFR Cap | &nbsp;&nbsp;Product of i) Mortgage Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Term SOFR Cap and iii) 365/360 |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Monthly Mezzanine Loan Debt Service Payment | &nbsp;&nbsp;Product of i) Mezzanine Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Assumed One-month Term SOFR and iii) 365/360, divided by 12 |
| Annual Mezzanine Loan Debt Service Payment | &nbsp;&nbsp;Product of i) Mezzanine Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Assumed One-month Term SOFR and iii) 365/360 |
| Monthly Mezzanine Loan Debt Service Payment at Term SOFR Cap | &nbsp;&nbsp;Product of i) Mezzanine Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Term SOFR Cap and iii) 365/360, divided by 12 |
| Annual Mezzanine Loan Debt Service Payment at Term SOFR Cap | &nbsp;&nbsp;Product of i) Mezzanine Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Term SOFR Cap and iii) 365/360 |
| Monthly Total Loan Debt Service Payment | &nbsp;&nbsp;Product of i) Total Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Assumed One-month Term SOFR and iii) 365/360, divided by 12 |
| Annual Total Loan Debt Service Payment | &nbsp;&nbsp;Product of i) Total Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Assumed One-month Term SOFR and iii) 365/360 |
| Monthly Total Loan Debt Service Payment at Term SOFR Cap | &nbsp;&nbsp;Product of i) Total Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Term SOFR Cap and iii) 365/360, divided by 12 |
| Annual Total Loan Debt Service Payment at Term SOFR Cap | &nbsp;&nbsp;Product of i) Total Loan Closing Date Balance, ii) sum of Assumed Mortgage Loan Spread and Term SOFR Cap and iii) 365/360 |
| Seasoning | &nbsp;&nbsp;Number of payments between and including the First Loan Payment Date and the Cut-off Date |
| Original Term to Maturity (Months) | &nbsp;&nbsp;Number of payments between and including First Loan Payment Date and Initial Maturity Date |
| Remaining Term to Maturity (Months) | &nbsp;&nbsp;Original Term to Maturity (Months) minus Seasoning |
| Remaining Amortization Term (Months) | &nbsp;&nbsp;If Original Amortization Term (Months) equals 0, set to 0. |
| Remaining IO Term (Months) | &nbsp;&nbsp;Original IO Term (Months) minus Seasoning |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Mortgage Loan Closing Date LTV (As-is Value) | &nbsp;&nbsp;Mortgage Loan Closing Date Balance divided by Individual As-Is Appraised Value |
| Mortgage Loan Balloon LTV (As-is Value) | &nbsp;&nbsp;Mortgage Loan Maturity Date Balance divided by Individual As-Is Appraised Value |
| Total Loan Closing Date LTV (As-is Value) | &nbsp;&nbsp;Total Loan Closing Date Balance divided by Individual As-Is Appraised Value |
| Total Loan Balloon LTV (As-is Value) | &nbsp;&nbsp;Total Loan Maturity Date Balance divided by Individual As-Is Appraised Value |
| Mortgage Loan UW NOI Debt Yield | &nbsp;&nbsp;UW (In-Place) Net Operating Income divided Mortgage Loan Closing Date Balance |
| Mortgage Loan UW NCF Debt Yield | &nbsp;&nbsp;UW (In-Place) Net Cash Flow divided by Mortgage Loan Closing Date Balance |
| Total Loan UW NOI Debt Yield | &nbsp;&nbsp;UW (In-Place) Net Operating Income divided Total Loan Closing Date Balance |
| Total Loan UW NCF Debt Yield | &nbsp;&nbsp;UW (In-Place) Net Cash Flow divided by Total Loan Closing Date Balance |
| Mortgage Loan UW NOI DSCR | &nbsp;&nbsp;UW (In-Place) Net Operating Income divided by Annual Mortgage Loan Debt Service Payment |
| Mortgage Loan UW NCF DSCR | &nbsp;&nbsp;UW (In-Place) Net Cash Flow divided by Annual Mortgage Loan Debt Service Payment |
| Mortgage Loan UW NOI DSCR at Term SOFR Cap | &nbsp;&nbsp;UW (In-Place) Net Operating Income divided by Annual Mortgage Loan Debt Service Payment at Term SOFR Cap |
| Mortgage Loan UW NCF DSCR at Term SOFR Cap | &nbsp;&nbsp;UW (In-Place) Net Cash Flow divided by Annual Mortgage Loan Debt Service Payment at Term SOFR Cap |
| Total Loan UW NOI DSCR | &nbsp;&nbsp;UW (In-Place) Net Operating Income divided by Annual Total Loan Debt Service Payment |
| Total Loan UW NCF DSCR | &nbsp;&nbsp;UW (In-Place) Net Cash Flow divided by Annual Total Loan Debt Service Payment |
| Total Loan UW NOI DSCR at Term SOFR Cap | &nbsp;&nbsp;UW (In-Place) Net Operating Income divided by Annual Total Loan Debt Service Payment at Term SOFR Cap |
| Total Loan UW NCF DSCR at Term SOFR Cap | &nbsp;&nbsp;UW (In-Place) Net Cash Flow divided by Annual Total Loan Debt Service Payment at Term SOFR Cap |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Largest Tenant (by UW Gross Rent) % of NRA | &nbsp;&nbsp;Largest Tenant (by UW Gross Rent) NRA divided by Total NRA |
| 2nd Largest Tenant (by UW Gross Rent) % of NRA | &nbsp;&nbsp;2nd Largest Tenant (by UW Gross Rent) NRA divided by Total NRA |
| 3rd Largest Tenant (by UW Gross Rent) % of NRA | &nbsp;&nbsp;3rd Largest Tenant (by UW Gross Rent) NRA divided by Total NRA |

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