# EDGAR Filing Document

**Accession Number:** 0001004158
**File Stem:** 0001539497-23-000065
**Filing Date:** 2023-1
**Character Count:** 42026
**Document Hash:** e3e3d315333d57272bd838443f6452f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-23-000065.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001539497-23-000065

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230124

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

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GS MORTGAGE SECURITIES CORP II
- **CENTRAL INDEX KEY:** 0001004158
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 223442024
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G/A
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00533
- **FILM NUMBER:** 23549038

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 2129021000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GS MORTGAGE SECURITIES CORP II
- **CENTRAL INDEX KEY:** 0001004158
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 223442024
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 2129021000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GS MORTGAGE SECURITIES CORP II
- **CENTRAL INDEX KEY:** 0001004158
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 223442024
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G/A
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-00533

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 2129021000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

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

**FORM ABS-15G**

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

**the Securities Exchange Act of 1934**

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

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

______________________________________________________________________

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

contact in connection with this filing

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

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

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

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

Central Index Key Number of depositor: <u>0001004158</u> 

<u>BX Trust 2023-LIFE</u> <br> (Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): <u>Not applicable</u> 

Central Index Key Number of underwriter (if applicable): <u>Not applicable</u> 

 <u>Leah Nivison, (212) 902-1000</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**

**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 January 24, 2023 of PricewaterhouseCoopers LLP, obtained by the depositor, which report sets forth the findings and conclusions, as applicable, of PricewaterhouseCoopers LLP with respect to certain agreed-upon procedures performed by PricewaterhouseCoopers LLP.

Explanatory Note

This Form ABS-15G/A amends the Form ABS-15G filed by GS Mortgage Securities Corporation II on January 18, 2023 (the "<u>Original Filing</u>") and is being filed to replace the original data file ("2023-LIFE Accounting Tape Final.xlsx") with an updated data file ("2023-LIFE Accounting Tape Final_Updated.xlsx") and a report of independent accountants on applying agreed-upon procedures. The Original Filing on Form ABS-15G is hereby replaced in its entirety by Exhibit 1 to this Form ABS-15G/A.

**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.

---

| | | |
|:---|:---|:---|
|  | GS MORTGAGE SECURITIES CORPORATION II | GS MORTGAGE SECURITIES CORPORATION II |
|  | (Depositor) | (Depositor) |
| Date: January 24, 2023 |  |  |
|  | By: | /s/ Leah Nivison |
|  |  | Name: Leah Nivison |
|  |  | Title: Chief Executive Officer |

---

Exhibit 1 Agreed-upon procedures report, dated January 24, 2023, of PricewaterhouseCoopers LLP.

## Ex-1

**Exhibit 1**![](pwclogo.jpg)

**Report of Independent Accountants on Applying** 

**Agreed-Upon Procedures**

GS Mortgage Securities Corporation II

200 West Street

New York, NY 10282

We ("us" or "PwC") have performed the procedures enumerated below, which were agreed to by GS Mortgage Securities Corporation II (the "Company," as the engaging party) and Goldman Sachs & Co. LLC, Goldman Sachs Mortgage Company, Goldman Sachs Bank USA, Wells Fargo Securities, LLC, and Wells Fargo Bank, National Association, who are collectively referred to 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). The procedures were performed with respect to the BX Trust 2023-LIFE, Commercial Mortgage Pass-Through Certificates, Series 2023-LIFE 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 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 the purpose 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;

&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 the Mortgaged Property securing the
Mortgage Loan Asset; 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.

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 1 <br>

![](pwclogo.jpg)

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 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 included in connection with our
procedures;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The reasonableness of any of the assumptions provided by the Company or other
Specified Parties.

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 February 9, 2023.

&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 January 24, 2023 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 2023-LIFE Accounting Tape Final_Updated.xlsx (provided on January 24, 2023).

&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.

&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:

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 2 <br>

![](pwclogo.jpg)

&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 "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 "Guaranty Agreement" refers to a signed or draft guaranty
agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Insurance Summary" refers to a draft or final certificate
of insurance and/or insurance risk analysis summarizing the coverage for each insurance category.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Seismic Report" refers to a seismic assessment document
or exhibit.

&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 below. In performing this engagement, we received one or more preliminary data file(s) and performed certain procedures as set forth in Exhibit A and Exhibit B. The procedures identified differences, which were communicated to the Responsible Party. The Responsible Party revised one or more of the preliminary data files based on such communicated differences, where they determined it to be appropriate. We then performed these procedures on the Final Data File, and the results of those procedures are described below.

From January 3, 2023 through January 24, 2023, the Company provided us with the Source Documents related to the Collateral for which we:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Compared certain Specified Attributes to the corresponding
Source Documents as detailed in Exhibit A and found them to be in agreement (the "Compared Attributes");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Recalculated certain Specified Attributes as detailed
in Exhibit B and found them to be in agreement (the "Recalculated Attributes"); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Assumed certain Specified
Attributes were accurate as instructed by the Company, and neither compared nor recalculated the Specified Attributes (the "Company
Provided Attributes").

The recalculation methodology associated with the Recalculated Attributes is listed in Exhibit B. For each procedure where a recalculation was performed, if necessary, we compared the underlying attributes to the corresponding Source Documents and found them to be in agreement. We did not perform any procedures with respect to the Specified Attributes denoted with a Source Document of "None - Company Provided", 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

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 3 <br>

![](pwclogo.jpg)

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 the purpose 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 referred to as a "Non-Specified Party"), that Non-Specified Party cannot:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 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; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· 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.

![](image001.jpg)

New York, NY

January 24, 2023

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 4 <br>

![](pwclogo.jpg)

**Exhibits**

Exhibit A – Loan File Review Procedures

Exhibit B – Recalculation Methodology

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 5 <br>

![](pwclogo.jpg)

---

| | |
|:---|:---|
| **BX Trust 2023-LIFE** | **EXHIBIT A** |
| **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;Control Number | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Loan Number | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;Loan / Property Flag | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Number of Properties | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;Originator | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;6 | &nbsp;&nbsp;Originator Entity Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;7 | &nbsp;&nbsp;Mortgage Loan Seller | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;8 | &nbsp;&nbsp;Property Name | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;Address | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;13 | &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;14 | &nbsp;&nbsp;General Property Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;Detailed Property Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;17 | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;Units, Pads, Rooms, Sq Ft | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;Unit Description | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Loan Per Unit ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;21 | &nbsp;&nbsp;Original Balance ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Cut-off Date Balance ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;23 | &nbsp;&nbsp;Allocated Cut-off Date Loan Amount ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;% of Initial Pool Balance | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;% of Loan Balance | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;26 | &nbsp;&nbsp;Pari Passu Split (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;27 | &nbsp;&nbsp;Mortgage Loan Rate (%) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Administrative Cost Rate (%) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;29 | &nbsp;&nbsp;Net Mortgage Rate (%) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Monthly Payment (P&I) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Monthly Payment (IO) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Annual Debt Service (P&I) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Annual Debt Service (IO) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Interest Accrual Method | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Cut-off Date | &nbsp;&nbsp;None - Company Provided |  |

---

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 6 <br>

![](pwclogo.jpg)

---

| | |
|:---|:---|
| **BX Trust 2023-LIFE** | **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;36 | &nbsp;&nbsp;Origination Date | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;First Due Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Last IO Due Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;First P&I Due Date | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Due Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Grace Period- Late Fee | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Grace Period- Default | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Original Interest-Only Period (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Remaining Interest-Only Period (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;Original Term To Maturity (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;Remaining Term To Maturity (Mos.) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;48 | &nbsp;&nbsp;Original Amortization Term (Mos.) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Remaining Amortization Term (Mos.) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;Seasoning | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;Maturity Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Hyper Amortizing Loan | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;53 | &nbsp;&nbsp;Hyper Am Loan Maturity Date | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Balloon Balance ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;55 | &nbsp;&nbsp;Lockbox | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;56 | &nbsp;&nbsp;Cash Management | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;Cash Management Triggers | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;Performance Test Trigger Level | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;Tenant Specific Excess Cash Trap Trigger (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;Cross-Collateralized (Y/N) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;Crossed Group | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;Lockout Period | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;Lockout Expiration Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;Prepayment / Defeasance Begin Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;Prepayment / Defeasance End Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;67 | &nbsp;&nbsp;Open Period Begin Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;Open Period (Payments) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;Prepayment Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;Prepayment Provision | &nbsp;&nbsp;Loan Agreement |  |

---

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 7 <br>

![](pwclogo.jpg)

---

| | |
|:---|:---|
| **BX Trust 2023-LIFE** | **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;71 | &nbsp;&nbsp;Yield Maintenance Index | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;Yield Maintenance Discount | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Yield Maintenance Margin | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Yield Maintenance Calculation Method | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Day of Month Prepayment Permitted | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Due on Sale | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;Due on Encumbrance | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;78 | &nbsp;&nbsp;Future Debt Allowed? | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;Description of Future Debt | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;Mortgage Assumable? | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;Assumption Fee | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;Appraiser Designation | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;83 | &nbsp;&nbsp;Appraisal FIRREA (Y/N) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;84 | &nbsp;&nbsp;Appraisal Date | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;Appraised Value Type | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;Cut-off Date LTV Ratio (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;LTV Ratio at Maturity (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;90 | &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Rent Steps Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;92 | &nbsp;&nbsp;Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;93 | &nbsp;&nbsp;Largest Tenant Sq Ft | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;Second Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;96 | &nbsp;&nbsp;Second Largest Tenant Sq Ft | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;Second Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;98 | &nbsp;&nbsp;Third Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;Third Largest Tenant Sq Ft | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Third Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;101 | &nbsp;&nbsp;Fourth Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;102 | &nbsp;&nbsp;Fourth Largest Tenant Sq Ft | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;Fourth Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Fifth Largest Tenant | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;105 | &nbsp;&nbsp;Fifth Largest Tenant Sq Ft | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;Fifth Largest Tenant Lease Expiration | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;Single Tenant (Y/N) | &nbsp;&nbsp;Underwriting File |  |

---

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 8 <br>

![](pwclogo.jpg)

---

| | |
|:---|:---|
| **BX Trust 2023-LIFE** | **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;108 | &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Environmental Phase I Report Date | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;110 | &nbsp;&nbsp;Environmental Phase II | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;111 | &nbsp;&nbsp;Environmental Phase II Report Date | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;PML or SEL (%) | &nbsp;&nbsp;Seismic Report |  |
| &nbsp;&nbsp;113 | &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report |  |
| &nbsp;&nbsp;114 | &nbsp;&nbsp;Earthquake Insurance Required | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Terrorism Insurance Required | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Environmental Insurance Required (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;117 | &nbsp;&nbsp;Blanket Insurance Policy (Yes/No) | &nbsp;&nbsp;Insurance Summary |  |
| &nbsp;&nbsp;118 | &nbsp;&nbsp;Flood Zone | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;119 | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;Overlapping Fee Interest? | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;Condominium Present? | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;123 | &nbsp;&nbsp;Ground Lease Y/N | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Annual Ground Lease Payment ($) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;125 | &nbsp;&nbsp;Annual Ground Rent Increases (Y/N) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;126 | &nbsp;&nbsp;Ground Lease Expiration Date | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;127 | &nbsp;&nbsp;Ground Lease Extension (Y/N) | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;128 | &nbsp;&nbsp;Ground Lease Extension Terms | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Ground Lease Expiration Date after all Extensions | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;130 | &nbsp;&nbsp;Underwritten EGI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;131 | &nbsp;&nbsp;Underwritten Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;132 | &nbsp;&nbsp;Underwritten Net Operating Income ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;Underwritten NOI DSCR (x) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Debt Yield on Underwritten Net Operating Income (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;135 | &nbsp;&nbsp;Underwritten Replacement / FF&E Reserve ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;136 | &nbsp;&nbsp;Underwritten TI / LC ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;137 | &nbsp;&nbsp;Underwritten Other Reserve | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;138 | &nbsp;&nbsp;Underwritten Net Cash Flow ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Underwritten NCF DSCR (x) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Debt Yield on Underwritten Net Cash Flow (%) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;141 | &nbsp;&nbsp;Upfront RE Tax Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |

---

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 9 <br>

![](pwclogo.jpg)

---

| | |
|:---|:---|
| **BX Trust 2023-LIFE** | **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;142 | &nbsp;&nbsp;Ongoing RE Tax Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Upfront Insurance Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;144 | &nbsp;&nbsp;Ongoing Insurance Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;145 | &nbsp;&nbsp;Upfront Replacement Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;146 | &nbsp;&nbsp;Ongoing Replacement Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Replacement Reserve Caps ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;148 | &nbsp;&nbsp;Upfront TI/LC Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;149 | &nbsp;&nbsp;Ongoing TI/LC Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;TI/LC Caps ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;151 | &nbsp;&nbsp;Upfront Debt Service Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;152 | &nbsp;&nbsp;Ongoing Debt Service Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;153 | &nbsp;&nbsp;Debt Service Reserve Cap ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;154 | &nbsp;&nbsp;Upfront Deferred Maintenance Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;155 | &nbsp;&nbsp;Ongoing Deferred Maintenance Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Upfront Environmental Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;157 | &nbsp;&nbsp;Ongoing Environmental Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;158 | &nbsp;&nbsp;Upfront Other Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;159 | &nbsp;&nbsp;Ongoing Other Reserve ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;160 | &nbsp;&nbsp;Other Reserve Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;161 | &nbsp;&nbsp;Other Reserve Cap ($) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;162 | &nbsp;&nbsp;Letter of Credit? | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;163 | &nbsp;&nbsp;Letter of Credit Balance | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;164 | &nbsp;&nbsp;Letter of Credit Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;165 | &nbsp;&nbsp;Release Provisions (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;166 | &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;167 | &nbsp;&nbsp;Borrower Name | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;168 | &nbsp;&nbsp;Tenant In Common (Yes/No)? | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;169 | &nbsp;&nbsp;Delaware Statutory Trust (Yes/No)? | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;170 | &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;171 | &nbsp;&nbsp;Carve-out Guarantor | &nbsp;&nbsp;Guaranty Agreement |  |
| &nbsp;&nbsp;172 | &nbsp;&nbsp;Recourse | &nbsp;&nbsp;Guaranty Agreement |  |
| &nbsp;&nbsp;173 | &nbsp;&nbsp;Related Group | &nbsp;&nbsp;Not Applicable\* |  |
| &nbsp;&nbsp;174 | &nbsp;&nbsp;Single Purpose Borrower (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;175 | &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Management Agreement |  |

---

\*- 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.

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 10 <br>

![](pwclogo.jpg)

---

| | |
|:---|:---|
| **BX Trust 2023-LIFE** | **EXHIBIT B** |
| **Recalculation Methodology** |  |

---

**Exhibit B - Recalculation Methodology**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Loan Per Unit ($) | &nbsp;&nbsp;Quotient of (i) Cut-off Date Balance ($) and (ii) Units, Pads, Rooms, Sq Ft. |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Cut-off Date Balance ($) | &nbsp;&nbsp;Set equal to Original Balance ($). |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;% of Initial Pool Balance | &nbsp;&nbsp;Quotient of (i) Allocated Cut-off Date Loan Amount ($) and (ii) the aggregate Allocated Cut-off Date Loan Amount ($). |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;% of Loan Balance | &nbsp;&nbsp;Quotient of (i) Cut-off Date Balance ($) and (ii) Original Balance ($). |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Monthly Payment (IO) | &nbsp;&nbsp;Quotient of (i) Product of (a) Cut-off Date Balance ($) and (b) Mortgage Loan Rate (%) and (c) the Interest Accrual Method (365/360) and (ii) 12. |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Annual Debt Service (IO) | &nbsp;&nbsp;Product of (i) Monthly Payment (IO) and (ii) 12. |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Original Interest-Only Period (Mos.) | &nbsp;&nbsp;Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Last IO Due Date. |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Remaining Interest-Only Period (Mos.) | &nbsp;&nbsp;Difference between (i) Original Interest-Only Period (Mos.) and (ii) Seasoning. |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;Original Term To Maturity (Mos.) | &nbsp;&nbsp;Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Maturity Date. |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;Remaining Term To Maturity (Mos.) | &nbsp;&nbsp;Difference between (i) Original Term to Maturity (Mos.) and (ii) Seasoning. |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;Seasoning | &nbsp;&nbsp;Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Cut-off Date. |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Balloon Balance ($) | &nbsp;&nbsp;Set equal to Original Balance ($). |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;Lockout Period | &nbsp;&nbsp;Count of the number of monthly payment dates, from and inclusive of (i) First Due Date, to and including (ii) Lockout Expiration Date. |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;Open Period (Payments) | &nbsp;&nbsp;Count of the number of monthly payment dates, from and inclusive of (i) Open Period Begin Date, to and including (ii) Maturity Date. |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;Cut-off Date LTV Ratio (%) | &nbsp;&nbsp;Quotient of (i) Cut-off Date Balance ($) and (ii) Appraised Value ($). |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;LTV Ratio at Maturity (%) | &nbsp;&nbsp;Quotient of (i) Balloon Balance ($) and (ii) Appraised Value ($). |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;Underwritten NOI DSCR (x) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Operating Income ($) and (ii) Annual Debt Service (IO). |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Debt Yield on Underwritten Net Operating Income (%) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Operating Income ($) and (ii) Cut-off Date Balance ($). |

---

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 11 <br>

![](pwclogo.jpg)

---

| | |
|:---|:---|
| **BX Trust 2023-LIFE** | **EXHIBIT B** |
| **Recalculation Methodology** |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Underwritten NCF DSCR (x) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Cash Flow ($) and (ii) Annual Debt Service (IO). |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Debt Yield on Underwritten Net Cash Flow (%) | &nbsp;&nbsp;Quotient of (i) Underwritten Net Cash Flow ($) and (ii) Cut-off Date Balance ($). |

---

*PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017* <br> T: (646) 471-3000, F: (813)-286-6000 www.pwc.com 12 <br>