# EDGAR Filing Document

**Accession Number:** 0002079910
**File Stem:** 0001539497-25-002311
**Filing Date:** 2025-9
**Character Count:** 36386
**Document Hash:** 09fb79ec5849eca754e1bedef47ea86d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-002311.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001539497-25-002311

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250908

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

**FILED AS OF DATE**: 20250908

**DATE AS OF CHANGE**: 20250908

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INFN 2025-1 Depositor LLC
- **CENTRAL INDEX KEY:** 0002079910

**ORGANIZATION NAME:**
- **EIN:** 393355369
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07929
- **FILM NUMBER:** 251300911

**BUSINESS ADDRESS:**
- **STREET 1:** 3280 PEACHTREE RD., NE, STE 2700
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305
- **BUSINESS PHONE:** 470-961-4253

**MAIL ADDRESS:**
- **STREET 1:** 3280 PEACHTREE RD., NE, STE 2700
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INFN 2025-1 Depositor LLC
- **CENTRAL INDEX KEY:** 0002079910

**ORGANIZATION NAME:**
- **EIN:** 393355369
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 3280 PEACHTREE RD., NE, STE 2700
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305
- **BUSINESS PHONE:** 470-961-4253

**MAIL ADDRESS:**
- **STREET 1:** 3280 PEACHTREE RD., NE, STE 2700
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INFN 2025-1 Depositor LLC
- **CENTRAL INDEX KEY:** 0002079910

**ORGANIZATION NAME:**
- **EIN:** 393355369
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 3280 PEACHTREE RD., NE, STE 2700
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305
- **BUSINESS PHONE:** 470-961-4253

**MAIL ADDRESS:**
- **STREET 1:** 3280 PEACHTREE RD., NE, STE 2700
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30305

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

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER<br> REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934**

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

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

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

------

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

contact in connection with this filing.

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [_]

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

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

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

Central Index Key Number of depositor: <u>0002079910</u>

 <u>INFN 2025-1 DEPOSITOR LLC</u>

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

Central Index Key Number of issuing entity (if applicable): ___________________________

Central Index Key Number of underwriter (if applicable): ___________________________

<u>Ben Easterlin (470) 961-4253</u>

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

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 Exhibit 99.1 hereto is an agreed-upon procedures report, dated September 8, 2025, of PricewaterhouseCoopers LLP ("PwC"), obtained by the issuer, which report sets forth the findings and conclusions, as applicable, of PwC with respect to certain agreed-upon procedures performed by PwC.

**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: September 8, 2025

---

| | | |
|:---|:---|:---|
| **INFN 2025-1 DEPOSITOR LLC** | **INFN 2025-1 DEPOSITOR LLC** | **INFN 2025-1 DEPOSITOR LLC** |
| By: | /s/ Ben F, Easterlin, V | /s/ Ben F, Easterlin, V |
|  | Name: | Ben F, Easterlin, V |
|  | Title: | Manager |

---

Exhibit 99.1 Report of Independent Accountants on Applying Agreed-upon Procedures, dated September 8, 2025.

## Exhibit 99.1

**Exhibit 99.1**

![[PWC Logo]](pwclogo.jpg)

**<u>Report of Independent Accountants on Applying</u>**

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

Infinity Commercial Lending, LLC

3280 Peachtree Rd., Suite 2700

Atlanta, GA 30305

We ("us" or "PwC") have performed the procedures enumerated below, which were agreed to by Infinity Commercial Lending, LLC (the "Company," as the engaging party) and Brean Capital, LLC, who are collectively referred to herein as the "Specified Parties", solely to assist you in performing certain procedures related to the accuracy of certain attributes and calculations within the Final Data File (defined below) with respect to the INFN 2025-1 securitization (the "Transaction"). The Company (the "Responsible Party") is responsible for the accuracy of the information contained in the Final Data File.

In an agreed-upon procedures engagement, we perform specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the intended purpose of the engagement and we report on findings based on the procedures performed. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose.

***Procedures and Findings***

In connection with the Transaction, the Specified Parties have requested that the procedures be performed on 1 mortgage loan (the "Mortgage Loan Asset") secured by 1 mortgaged property (the "Mortgaged Property") which represents the entire population of the Mortgage Loan Asset and Mortgaged Property (collectively the "Collateral") within the Transaction.

This agreed-upon procedures engagement was not conducted for the purpose of satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

In addition, PwC should not be regarded as having in any way warranted or given any assurance as to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The completeness, accuracy, appropriateness, quality
or integrity of any of the information provided by the Responsible Party, or any other party for purposes of PwC performing the procedures
agreed to by the Specified Parties. The procedures performed would not necessarily reveal any material misstatement of the amounts, balances,
ratios, percentages or other relationships of the information included in the data provided to us;

![](pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The conformity of the origination of the assets
to stated underwriting or credit extension guidelines, standards, criteria or other requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The value of collateral securing such assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The compliance of the originator of the assets
with federal, state, and local laws and regulations.

We have not performed any procedures with respect to the fair value of the securities being offered in the Transaction and PwC expresses no opinion on the current fair value of these securities. PwC should not be regarded as having performed any procedures other than those detailed in this report.

With respect to any terms or requirements of the Transaction documents that do not appear in this report, we performed no procedures and, accordingly, the procedures we performed would not ensure that any requirements are satisfied. Further, we have performed only the following agreed-upon procedures and therefore make no representations regarding the adequacy of disclosures or whether any material facts have been omitted from the Transaction documents.

It should be understood that we make no representations as to:

&nbsp;&nbsp;&nbsp;&nbsp;· The interpretation of Transaction documents (including, but not limited to,
indenture agreements or offering documents) included in connection with our procedures;

&nbsp;&nbsp;&nbsp;&nbsp;· Your compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;· The reasonableness of any of the assumptions provided by the Company.

These procedures should not be taken to supplant any additional inquiries or procedures that the Specified Parties would undertake in consideration of the Transaction.

For the purpose of this report:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Cut-off Date" refers to the date of September 1, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Final Data File" refers to the following Microsoft
Excel ("Excel") file provided by the Company, which includes certain attributes related to the Collateral. The Final Data
File was provided on September 8, 2025 with certain Collateral attribute calculations adjusted for the Cut-off Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o INFN-2025-1 Accounting Tape Final.xlsx (provided on September 8, 2025).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Specified Attributes" refers to the fields in the
Final Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Source Document" refers to the documents (including
any applicable amendments, assumptions or exhibits thereof) provided by the Company, related to the information contained in the Final
Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Loan File" refers to any Source Document or collection
of Source Documents provided by the Company, and used by us, in performing the procedures enumerated below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The term "compared" refers to the comparison of one or more Specified
Attributes to Source Documents, as indicated within Exhibit A.

![](pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The term "recalculated" refers to a re-computation of one or more
Specified Attributes using the Company provided methodology, as indicated within Exhibit B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "in agreement" refers to the comparison or recalculation
of one or more Specified Attributes which resulted in a match, or a difference that was within the Company provided tolerance level (if
any), as indicated within Exhibit A.

Source Documents included in the Loan File:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Appraisal Report" refers to a draft or signed appraisal
document or exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Closing Statement" refers to the signed borrower and
lender mortgage loan closing statements indicating the sources and uses of dispersed funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Engineering Report" refers to a draft or final property
condition assessment document or exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Environmental Report" refers to a draft or final phase
I and phase II (if applicable) environmental document or exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Fee Schedule" refers to the documentation for the
administrative fee rate related to the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Guaranty Agreement" refers to a signed or draft guaranty
agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Loan Agreement" refers to a signed or draft loan agreement
and any amendments or exhibits thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Title Policy" refers to a signed or proforma title
policy or commitment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Underwriting File" refers to the historical and pro-forma
cash flow statements prepared by the Company's underwriting team.

The procedures performed and results thereof are described in Exhibit A.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not conduct an audit or an examination engagement, the objective of which would be the expression of an opinion, or a review engagement, the objective of which would be the expression of a conclusion, on the Final 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 to you.

In performing this engagement, we are required to be independent of the Responsible Party and to meet our ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Specified Parties (including for

![](pwclogo.jpg)

purposes of substantiating the Specified Parties' "due diligence defense" under the Securities Act of 1933), and is not intended to be and should not be used by anyone other than the Specified Parties.

If a party has obtained, or has access to, this report without having executed an agreement with PwC wherein such party accepts responsibility for the appropriateness of the procedures performed (such party is herein referred to as a "Non-Specified Party"), that Non-Specified Party cannot:

&nbsp;&nbsp;&nbsp;&nbsp;i) Rely upon this report, and any use of this report by that Non-Specified Party is its sole responsibility and at its sole and exclusive
risk;

ii) Acquire any rights or claims against PwC, and PwC assumes no duties or obligations to such Non-Specified Party.

A Non-Specified Party may not disclose or distribute this report or any of the report's contents to any other party (including but not limited to electronic distribution and/or posting to a website pursuant to Rule 17G-5 of the Securities Exchange Act of 1934).

The procedures enumerated above were performed as of the date of this report, and we disclaim any consideration of any events and circumstances occurring after the date of this report. Further, we have no obligation to update this report because of events occurring, or data or information coming to our attention, subsequent to the date of this report.

/s/ PricewaterhouseCoopers LLP

Melville, NY

September 8, 2025

![](pwclogo.jpg)

**Exhibits**

Exhibit A – Loan File Review Procedures

Exhibit B – Recalculation Methodology

---

| | |
|:---|:---|
| &nbsp;&nbsp;**INFN 2025-1** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

**Exhibit A - Loan File Review Procedures** 

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Loan ID Number | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Footnotes (for Loan and Property Information) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;Loan/Property Flag | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Mortgage Loan Originator | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;Mortgage Loan Seller | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;6 | &nbsp;&nbsp;No. of Properties | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;7 | &nbsp;&nbsp;Property Name | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;8 | &nbsp;&nbsp;% of Initial Pool Balance | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;% of Loan Balance | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Related Group | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Crossed Group | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Address | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;13 | &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;14 | &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;17 | &nbsp;&nbsp;General Property Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;Detailed Property Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;21 | &nbsp;&nbsp;Number of Units | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;23 | &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;Loan Per Unit of Measure ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Original Balance ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;26 | &nbsp;&nbsp;Cut-off Date Balance ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;27 | &nbsp;&nbsp;Maturity Balance ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Interest Rate % | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;29 | &nbsp;&nbsp;Administrative Fee Rate % | &nbsp;&nbsp;Fee Schedule |  |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Net Mortgage Rate % | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Interest Accrual Method | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Monthly Debt Service (P&I) ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Annual Debt Service (P&I) ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Monthly Debt Service (IO) ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Annual Debt Service (IO) ($) | &nbsp;&nbsp;Recalculation |  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**INFN 2025-1** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;Origination Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Original Term To Maturity (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Remaining Term To Maturity (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Seasoning (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Original Interest Only Period (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Remaining Interest Only Period (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Original Amortization Term (Mos.) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Remaining Amortization (Mos.) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Payment Due Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;First P&I Payment Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;48 | &nbsp;&nbsp;Final Maturity Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Cut-off Date LTV Ratio (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;LTV Ratio at Maturity (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;Grace Period - Late Fee (Days) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Grace Period - Default (Days) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;53 | &nbsp;&nbsp;Prepayment Provision | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Underwritten Economic Occupancy (%) | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;55 | &nbsp;&nbsp;Underwritten EGI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;56 | &nbsp;&nbsp;Underwritten Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp; $1.00 |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;Underwritten Net Operating Income ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;Underwritten Replacement Reserve ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;Underwritten Replacement TILC ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;Underwritten Net Cash Flow ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;Underwritten NOI Debt Yield (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;Underwritten NOI DSCR (x) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;Underwritten NCF Debt Yield (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;Underwritten NCF DSCR (x) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;Most Recent EGI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;Most Recent Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;67 | &nbsp;&nbsp;Most Recent NOI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;Most Recent NOI Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;Most Recent Description | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;Second Most Recent EGI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;71 | &nbsp;&nbsp;Second Most Recent Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;Second Most Recent NOI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**INFN 2025-1** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Second Most Recent NOI Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Second Most Recent Description | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Third Most Recent EGI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Third Most Recent Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;Third Most Recent NOI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;78 | &nbsp;&nbsp;Third Most Recent NOI Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;Third Most Recent Description | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;Whole Loan Cut-off Date Balance ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;Whole Loan Monthly Debt Service ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;Whole Loan Cut-off Date LTV Ratio (%) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;83 | &nbsp;&nbsp;Whole Loan Underwritten NCF DSCR (x) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;84 | &nbsp;&nbsp;Total Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;Total Debt Monthly Debt Service ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;Total Debt Cut-off Date LTV Ratio (%) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;Total Debt Underwritten NCF DSCR (x) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;Total Debt Underwritten NCF Debt Yield (%) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;90 | &nbsp;&nbsp;Appraised Value Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Appraisal Date | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;92 | &nbsp;&nbsp;Environmental Phase I Report Date | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;93 | &nbsp;&nbsp;Environmental Phase II Report Date | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;96 | &nbsp;&nbsp;PML or SEL (%) | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;Leased Occupancy (%) | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;98 | &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;Single Tenant (Y/N) | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;101 | &nbsp;&nbsp;Largest Tenant SF | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;102 | &nbsp;&nbsp;Largest Tenant % of NRA | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;Largest Tenant Lease Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Second Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;105 | &nbsp;&nbsp;Second Largest Tenant SF | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;Second Largest Tenant % of NRA | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;Second Largest Tenant Lease Expiration Date | &nbsp;&nbsp;Underwriting File |  |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;**INFN 2025-1** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;108 | &nbsp;&nbsp;Third Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Third Largest Tenant SF | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;110 | &nbsp;&nbsp;Third Largest Tenant % of NRA | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;111 | &nbsp;&nbsp;Third Largest Tenant Lease Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Fourth Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;113 | &nbsp;&nbsp;Fourth Largest Tenant SF | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;114 | &nbsp;&nbsp;Fourth Largest Tenant % of NRA | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Fourth Largest Tenant Lease Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Fifth Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;117 | &nbsp;&nbsp;Fifth Largest Tenant SF | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;118 | &nbsp;&nbsp;Fifth Largest Tenant % of NRA | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;119 | &nbsp;&nbsp;Fifth Largest Tenant Lease Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;Flood Zone | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Title Policy |  |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;Tenants in Common (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;123 | &nbsp;&nbsp;Delaware Statutory Trust (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Ground Lease Expiration Date | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;125 | &nbsp;&nbsp;Ground Lease Extension Terms | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;126 | &nbsp;&nbsp;Annual Ground Lease Payment as of the Cut-off Date ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;127 | &nbsp;&nbsp;Annual Ground Rent Increases (Y/N) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;128 | &nbsp;&nbsp;Upfront RE Tax Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Monthly RE Tax Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;130 | &nbsp;&nbsp;Upfront Insurance Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;131 | &nbsp;&nbsp;Monthly Insurance Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;132 | &nbsp;&nbsp;Upfront Replacement Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;Monthly Replacement Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Replacement Reserve Cap ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;135 | &nbsp;&nbsp;Upfront TI/LC Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;136 | &nbsp;&nbsp;Monthly TI/LC Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;137 | &nbsp;&nbsp;TI/LC Cap ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;138 | &nbsp;&nbsp;Upfront Debt Service Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Monthly Debt Service Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Debt Service Reserve Cap ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;141 | &nbsp;&nbsp;Upfront Deferred Maintenance Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**INFN 2025-1** | &nbsp;&nbsp;**EXHIBIT A** |
| &nbsp;&nbsp;**Loan File Review Procedures** |  |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;142 | &nbsp;&nbsp;Upfront Other Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Monthly Other Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;144 | &nbsp;&nbsp;Other Reserve Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;145 | &nbsp;&nbsp;Other Reserve Cap ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;146 | &nbsp;&nbsp;Holdback/ Earnout Amount ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Holdback/ Earnout Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;148 | &nbsp;&nbsp;Lockbox Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;149 | &nbsp;&nbsp;Cash Management | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;Excess Cash Trap Triggered by Debt Yield Test (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;151 | &nbsp;&nbsp;Tenant Specific Excess Cash Trap Trigger (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;152 | &nbsp;&nbsp;Future Additional Debt Permitted (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;153 | &nbsp;&nbsp;Future Additional Debt Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;154 | &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;155 | &nbsp;&nbsp;Non-Recourse Carveout Guarantor | &nbsp;&nbsp;Guaranty Agreement |  |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Sources: Loan Amount ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;157 | &nbsp;&nbsp;Sources: Principal New Cash Contribution ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;158 | &nbsp;&nbsp;Sources: Subordinate Debt ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;159 | &nbsp;&nbsp;Sources: Other Sources ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;160 | &nbsp;&nbsp;Sources: Total Sources ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;161 | &nbsp;&nbsp;Uses: Loan Payoff ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;162 | &nbsp;&nbsp;Uses: Purchase Price ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;163 | &nbsp;&nbsp;Uses: Closing Costs ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;164 | &nbsp;&nbsp;Uses: Reserves ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;165 | &nbsp;&nbsp;Uses: Principal Equity Distribution ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;166 | &nbsp;&nbsp;Uses: Other Uses ($) | &nbsp;&nbsp;Closing Statement |  |
| &nbsp;&nbsp;167 | &nbsp;&nbsp;Uses: Total Uses ($) | &nbsp;&nbsp;Closing Statement |  |

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\* The fields for the noted Specified Attributes were either not populated in the Final Data File or populated with the term "NAP". As such, we were instructed by the Company to not perform any procedures on these Specified Attributes

**Exhibit B - Recalculation Methodology**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;Loan Per Unit of Measure ($) | &nbsp;&nbsp;Quotient of (i) Cut-off Date Balance ($) and (ii) Number of Units. |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Net Mortgage Rate % | &nbsp;&nbsp;Difference between (i) Interest Rate % and (ii) Administrative Fee Rate %. |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Monthly Debt Service (IO) ($) | &nbsp;&nbsp;Quotient of (i) Annual Debt Service (IO) ($) and (ii) 12. |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Annual Debt Service (IO) ($) | &nbsp;&nbsp;Product of (i) Cut-off Date Balance ($), (ii) Interest Rate % and (iii) the Interest Accrual Method (365/360). |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Original Term To Maturity (Mos.) | &nbsp;&nbsp;Count of the number of monthly payment dates, from and inclusive of (i) First Payment Date, to and including (ii) Final Maturity Date . |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Remaining Term To Maturity (Mos.) | &nbsp;&nbsp;Difference between (i) Original Term To Maturity (Mos.) and (ii) Seasoning (Mos.). |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Seasoning (Mos.) | &nbsp;&nbsp;Count of the number of monthly payment dates, from and inclusive of (i) First Payment Date, to and including (ii) Cut-off Date. |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Original Interest Only Period (Mos.) | &nbsp;&nbsp;Set equal to Original Term To Maturity (Mos.). |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Remaining Interest Only Period (Mos.) | &nbsp;&nbsp;Set equal to Remaining Term To Maturity (Mos.). |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Cut-off Date LTV Ratio (%) | &nbsp;&nbsp;Quotient of (i) Cut-off Date Balance ($) and (ii) Appraised Value ($). |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;LTV Ratio at Maturity (%) | &nbsp;&nbsp;Quotient of (i) Maturity Balance ($) and (ii) Appraised Value ($). |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;Underwritten NOI Debt Yield (%) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Operating Income ($) and (ii) Cut-off Date Balance ($). |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;Underwritten NOI DSCR (x) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Operating Income ($) and (ii) Annual Debt Service (IO) ($). |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;Underwritten NCF Debt Yield (%) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Cash Flow ($) and (ii) Cut-off Date Balance ($). |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;Underwritten NCF DSCR (x) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Cash Flow ($) and (ii) Annual Debt Service (IO) ($). |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Sources: Loan Amount ($) | &nbsp;&nbsp;Set equal to Cut-off Date Balance ($). |

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