# EDGAR Filing Document

**Accession Number:** 0001258361
**File Stem:** 0001539497-25-001966
**Filing Date:** 2025-7
**Character Count:** 63749
**Document Hash:** 0b933155107921b867aca0fe5f0c84d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-001966.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001539497-25-001966

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250723

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

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**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:** 251143346

**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-15G**

**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) [_]

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

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

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

Central Index Key Number of depositor: 0001258361

**SCG Commercial Mortgage Trust 2025-FLWR**

(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

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

**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 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 23, 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 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 23, 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: July 23, 2025

Citigroup Commercial Mortgage Securities Inc.

(Depositor)

<u>/s/ Richard Simpson</u>

Name: Richard Simpson<br> Title: President

**EXHIBIT INDEX**

Exhibit Number Description <br>Exhibit 99.1 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 23, 2025.

## Exhibit 99.1

**Exhibit 99.1** 

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

---

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

Citigroup Commercial Mortgage Securities Inc. (the "Depositor")

Citi Real Estate Funding Inc.

Citigroup Global Markets Inc.

JPMorgan Chase Bank, National Association

J.P. Morgan Securities LLC

Morgan Stanley Mortgage Capital Holdings LLC

Morgan Stanley & Co. LLC

Morgan Stanley Bank, N.A.

(collectively, the "Specified Parties")

---

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

---

We have performed the procedures enumerated in Attachment A, which were agreed to and acknowledged as appropriate by the Specified Parties, for the intended purpose of assisting the Specified Parties in evaluating the accuracy of certain information with respect to the Mortgage Loan (as defined herein) contained on the Data Files (as defined herein) (the "Subject Matter") relating to the Issuing Entity's securitization transaction as of 23 July 2025. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The appropriateness of these procedures is solely the responsibility of the Specified Parties identified in this report. No other party acknowledged the appropriateness of the procedures. Consequently, we make no representation regarding the appropriateness of the procedures described in Attachment A, either for the purpose for which this report has been requested or for any other purpose.

The procedures performed and our associated findings are included in Attachment A.

For the purpose of the procedures described in this report, the Depositor provided us with:

a. Certain electronic data files (the "Data Files") that are described in Attachment A,

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

c. A list of characteristics on the Data Files (the "Compared Characteristics"), which are listed on Exhibit 2
to Attachment A, that the Depositor instructed us to compare to information contained in the Source Documents,

d. A list of characteristics on the Data Files (the "Recalculated Characteristics"), which are described in Attachment
A, that the Depositor instructed us to recalculate using information on the Data Files,

e. A list of characteristics on the Data Files (the "Provided Characteristics"), which are listed on Exhibit 3
to Attachment A, on which the Depositor instructed us to perform no procedures,

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

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

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

---

The procedures included in Attachment A were limited to comparing or recalculating certain information that is further described in Attachment A. The Depositor is responsible for the Subject Matter, Data Files, Source Documents, Compared Characteristics, Recalculated Characteristics, Provided Characteristics, Draft Preliminary Offering Circular and the determination of the instructions, assumptions and methodologies that are described herein. We were not requested to perform, and we have not performed, any procedures other than those listed in Attachment A with respect to the Data Files. We have not verified, and we make no representation as to, the appropriateness, accuracy, completeness or reasonableness of the Source Documents, Provided Characteristics, Draft Preliminary Offering Circular or any other information provided to us by the Depositor upon which we relied in forming our findings. Accordingly, we make no representation and express no opinion or conclusion as to: (a) the existence of the Mortgage Loan, (b) questions of legal or tax interpretation or (c) the appropriateness, accuracy, completeness or reasonableness of any instructions, assumptions and methodologies provided to us by the Depositor that are described in this report. We undertake no responsibility to update this report for events and circumstances occurring after the date hereof.

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (the "AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to, and did not, conduct an examination to express an opinion or a review to express a conclusion in accordance with attestation standards established by the AICPA on any of the items referred to herein. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

The agreed-upon procedures described in this report were not performed for the purpose of:

a. Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization (a "rating agency")
or

b. Making any findings with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Whether the origination of the Mortgage Loan conformed to, or deviated from, stated underwriting or credit extension guidelines, standards,
criteria, or other requirements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The value of the collateral securing the Mortgage Loan,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Whether the originator(s) of the Mortgage Loan complied with federal, state or local laws or regulations or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Any other factor or characteristic of the Mortgage Loan that would be material to the likelihood that the issuer of the Certificates
will pay interest and principal in accordance with applicable terms and conditions.

---

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

---

We are required to be independent of the Depositor and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedures engagements are less restrictive than independence requirements for audit and other attestation services.

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

/s/ Ernst & Young LLP

23 July 2025

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 1 of 9 |

---

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

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

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

b. The Mortgage Loan will be secured primarily by 13 commercial properties (each, a "Property" and collectively, the "Properties")
and

c. The Mortgage Loan has a related floating rate mezzanine loan (the "Mezzanine
Loan"), which will not be an asset of the Issuing Entity.

For the purpose of the procedures described in this report, the Mortgage Loan, together with the Mezzanine Loan, is hereinafter referred to as the "Total Debt associated with the Mortgage Loan" (or with respect to each Property, is hereinafter referred to as the "Total Debt associated with each Property").

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

1. The Depositor provided us with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. An electronic data file (the "Preliminary Data File") that the Depositor indicated contains information relating
to the Mortgage Loan and Properties that is expected to be as of 9 August 2025 (the "Reference Date")
and

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

Using the information in the Source Documents, we compared the Compared Characteristics listed on Exhibit 2 to Attachment A, as shown on the Preliminary Data File, to the corresponding information in the Source Documents indicated on Exhibit 2 to Attachment A, subject to the instructions, assumptions and methodologies stated in the notes on Exhibit 2 to Attachment A. If more than one Source Document is listed for a Compared Characteristic, the Depositor instructed us to note agreement if the value on the Preliminary Data File for the Compared Characteristic agreed with the corresponding information in at least one of the Source Documents listed for such Compared Characteristic on Exhibit 2 to Attachment A (except as described in the notes on Exhibit 2 to Attachment A). We performed no procedures to reconcile any differences that may exist between various Source Documents for any of the Compared Characteristics listed on Exhibit 2 to Attachment A.

We performed certain procedures on earlier versions of the Data Files and communicated differences prior to being provided the Data Files which were subjected to the procedures as described herein.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 2 of 9 |

---

2. As instructed by the Depositor, we adjusted the information on the Preliminary Data File to correct all the differences we noted in
performing the procedures described in the Item above and provided a list of such differences to the Depositor. The Preliminary Data File,
as so adjusted, is hereinafter referred to as the "Updated Data File."

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. An electronic data file (the "Final Data File," which together with the Preliminary Data File comprise the Data Files)
that the Depositor indicated contains information relating to the Mortgage Loan and Properties as of the Reference Date and

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

Using information on the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Final Data File and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Updated Data File,

we compared each Compared Characteristic listed on Exhibit 2 to Attachment A, as shown on the Final Data File, to the corresponding information on the Updated Data File and found such information to be in agreement.

4. Using the "First Loan Payment Date," as shown on the Final Data File, we recalculated the "Seasoning"
of the Mortgage Loan and Mezzanine Loan as of the Reference Date. We compared this recalculated information to the corresponding information
on the Final Data File and found such information to be in agreement.

5. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. First Loan Payment Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Initial Maturity Date,

as shown on the Final Data File, we recalculated the "Original Term to Maturity (Months)" of the Mortgage Loan and Mezzanine Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

6. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seasoning and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Original Term to Maturity (Months),

as shown on the Final Data File, we recalculated the "Remaining Term to Maturity (Months)" of the Mortgage Loan and Mezzanine Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 3 of 9 |

---

7. The applicable Source Document(s) indicate that the Mortgage Loan and Mezzanine Loan are interest-only for their entire terms, including
during any extension period option(s). Based on this information, the Depositor instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Use "0" for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Original amortization term of the Mortgage Loan and Mezzanine Loan (the "Original Amortization Term (Months)") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Remaining amortization term of the Mortgage Loan and Mezzanine Loan (the "Remaining Amortization Term (Months)"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Use the "Original Term to Maturity (Months)," as shown on the Final Data File, for the original interest-only period
of the Mortgage Loan and Mezzanine Loan (the "Original IO Term (Months)"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Use the "Remaining Term to Maturity (Months)," as shown on the Final Data File, for the remaining interest-only period
of the Mortgage Loan and Mezzanine Loan (the "Remaining IO Term (Months)"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Use the original balance of the Mortgage Loan and each Property, as shown on the allocated loan amount schedule Source Document, as
applicable, for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Principal balance of the Mortgage Loan and each Property as of the Reference Date (the "Mortgage Loan Closing Date Balance")
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Principal balance of the Mortgage Loan as of the "Initial Maturity Date" of the Mortgage Loan (the "Mortgage
Loan Maturity Date Balance") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Use the original balance of the Mezzanine Loan and each Property, as shown on the allocated loan amount schedule Source Document,
as applicable, for the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Principal balance of the Mezzanine Loan and each Property as of the Reference Date (the "Mezzanine Loan Closing Date Balance")
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Principal balance of the Mezzanine Loan as of the "Initial Maturity Date" of the Mezzanine Loan (the "Mezzanine
Loan Maturity Date Balance").

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

8. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mortgage Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mezzanine Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mortgage Loan Maturity Date Balance and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Mezzanine Loan Maturity Date Balance,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Total Loan Closing Date Balance and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Total Loan Maturity Date Balance

of the Total Debt associated with the Mortgage Loan, and with respect to i. above, of the Total Debt associated with each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 4 of 9 |

---

9. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Assumed Mortgage Loan Spread,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Assumed Mezzanine Loan Spread and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Term SOFR Cap,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Mortgage Loan Interest Rate at Term SOFR Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Mezzanine Loan Interest Rate at Term SOFR Cap

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

10. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mortgage Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Assumed Mortgage Loan Spread,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mortgage Loan Interest Rate at Term SOFR Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Interest Calculation (30/360 / Actual/360),

as shown on the Final Data File, and a SOFR assumption of 4.35223% provided by the Depositor (the "SOFR Assumption"), and the calculation methodologies provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Annual Mortgage Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Monthly Mortgage Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Annual Mortgage Loan Debt Service Payment at Term SOFR Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Monthly Mortgage Loan Debt Service Payment at Term SOFR Cap

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

For the purpose of this procedure, the Depositor instructed us to recalculate the "Monthly Mortgage Loan Debt Service Payment" of the Mortgage Loan as 1/12<sup>th</sup> of the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Mortgage Loan Closing Date Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The "Assumed Mortgage Loan Spread," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The SOFR Assumption and

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

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 5 of 9 |

---

10. (continued)

For the purpose of this procedure, the Depositor instructed us to recalculate the "Annual Mortgage Loan Debt Service Payment" of the Mortgage Loan as twelve (12) times the "Monthly Mortgage Loan Debt Service Payment," as shown on the Final Data File.

For the purpose of this procedure, the Depositor instructed us to recalculate the "Monthly Mortgage Loan Debt Service Payment at Term SOFR Cap" of the Mortgage Loan as 1/12<sup>th</sup> of the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Mortgage Loan Closing Date Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Mortgage Loan Interest Rate at Term SOFR Cap," as shown on the Final Data File, and

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

For the purpose of this procedure, the Depositor instructed us to recalculate the "Annual Mortgage Loan Debt Service Payment at Term SOFR Cap" of the Mortgage Loan as twelve (12) times the "Monthly Mortgage Loan Debt Service Payment at Term SOFR Cap," as shown on the Final Data File.

11. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Mezzanine Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Assumed Mezzanine Loan Spread,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Mezzanine Loan Interest Rate at Term SOFR Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Interest Calculation (30/360 / Actual/360),

as shown on the Final Data File, the SOFR Assumption and the calculation methodologies provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Annual Mezzanine Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Monthly Mezzanine Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Annual Mezzanine Loan Debt Service Payment at Term SOFR Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Monthly Mezzanine Loan Debt Service Payment at Term SOFR Cap

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

For the purpose of this procedure, the Depositor instructed us to recalculate the "Monthly Mezzanine Loan Debt Service Payment" of the Mezzanine Loan as 1/12<sup>th</sup> of the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Mezzanine Loan Closing Date Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The "Assumed Mezzanine Loan Spread," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The SOFR Assumption and

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

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|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 6 of 9 |

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11. (continued)

For the purpose of this procedure, the Depositor instructed us to recalculate the "Annual Mezzanine Loan Debt Service Payment" of the Mezzanine Loan as twelve (12) times the "Monthly Mezzanine Loan Debt Service Payment," as shown on the Final Data File.

For the purpose of this procedure, the Depositor instructed us to recalculate the "Monthly Mezzanine Loan Debt Service Payment at Term SOFR Cap" of the Mezzanine Loan as 1/12<sup>th</sup> of the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Mezzanine Loan Closing Date Balance," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Mezzanine Loan Interest Rate at Term SOFR Cap," as shown on the Final Data File, and

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

For the purpose of this procedure, the Depositor instructed us to recalculate the "Annual Mezzanine Loan Debt Service Payment at Term SOFR Cap" of the Mezzanine Loan as twelve (12) times the "Monthly Mezzanine Loan Debt Service Payment at Term SOFR Cap," as shown on the Final Data File.

12. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Monthly Mortgage Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Monthly Mezzanine Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Monthly Mortgage Loan Debt Service Payment at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Monthly Mezzanine Loan Debt Service Payment at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Annual Mortgage Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Annual Mezzanine Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Annual Mortgage Loan Debt Service Payment at Term SOFR Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Annual Mezzanine Loan Debt Service Payment at Term SOFR Cap,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Monthly Total Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Annual Total Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Monthly Total Loan Debt Service Payment at Term SOFR Cap and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Annual Total Loan Debt Service Payment at Term SOFR Cap

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

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 7 of 9 |

---

13. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. UW Net Operating Income,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. UW Net Cash Flow,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Annual Mortgage Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Annual Mortgage Loan Debt Service Payment at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Mortgage Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Mezzanine Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Aggregate Individual Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Portfolio Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Total Units and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Total SF,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Mortgage Loan UW NOI DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Mortgage Loan UW NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Mortgage Loan UW NOI DSCR at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Mortgage Loan UW NCF DSCR at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Mortgage Loan Closing Date LTV (Aggregate Individual Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Mortgage Loan Balloon LTV (Aggregate Individual Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Mortgage Loan Closing Date LTV (Portfolio Appraised Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Mortgage Loan Balloon LTV (Portfolio Appraised Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. Mortgage Loan UW NOI Debt Yield,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. Mortgage Loan UW NCF Debt Yield,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. Mortgage Loan Closing Date Balance per Unit,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii. Mortgage Loan Closing Date Balance per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiii. Mezzanine Loan Closing Date Balance per Unit,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiv. Mezzanine Loan Closing Date Balance per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xv. Aggregate Individual Appraised Value per Unit,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xvi. Aggregate Individual Appraised Value per SF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xvii. Portfolio Appraised Value per Unit,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xviii. Portfolio Appraised Value per SF and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xix. Portfolio Appraised Value Premium

of the Mortgage Loan, and with respect to xi. through xvi. above, of each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Round the characteristics listed in i. through iv. and xi. through xviii. above to two decimal places and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Round the characteristics listed in v. through x. and xix. above to the nearest 1/10<sup>th</sup> of one percent.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 8 of 9 |

---

14. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. UW Net Operating Income,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. UW Net Cash Flow,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Annual Total Loan Debt Service Payment,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Annual Total Loan Debt Service Payment at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Total Loan Closing Date Balance,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Aggregate Individual Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Portfolio Appraised Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Total Units and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Total SF,

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Total Loan UW NOI DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Total Loan UW NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Total Loan UW NOI DSCR at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Total Loan UW NCF DSCR at Term SOFR Cap,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Total Loan Closing Date LTV (Aggregate Individual Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. Total Loan Balloon LTV (Aggregate Individual Values),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. Total Loan Closing Date LTV (Portfolio Appraised Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. Total Loan Balloon LTV (Portfolio Appraised Value),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. Total Loan UW NOI Debt Yield,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. Total Loan UW NCF Debt Yield,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. Total Loan Closing Date Balance per Unit and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii. Total Loan Closing Date Balance per SF

of the Total Debt associated with the Mortgage Loan, and with respect to xi. and xii. above, of the Total Debt associated with each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For the purpose of this procedure, the Depositor instructed us to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Round the characteristics listed in i. through iv. and xi. through xii. above to two decimal places and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Round the characteristics listed in v. through x. above to the nearest 1/10<sup>th</sup> of one percent.

15. Using the "Mortgage Loan Closing Date Balance," as shown on the Final Data File, we recalculated the "% of Mortgage
Loan Closing Date Balance" of the Mortgage Loan and each Property. We compared this recalculated information to the corresponding
information on the Final Data File and found such information to be in agreement.

16. Using the "Mezzanine Loan Closing Date Balance," as shown on the Final Data File, we recalculated the "% of Mezzanine
Loan Closing Date Balance" of the Mezzanine Loan and each Property. We compared this recalculated information to the corresponding
information on the Final Data File and found such information to be in agreement.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 9 of 9 |

---

17. Using the "Total Loan Closing Date Balance," as shown on the Final Data File, we recalculated the "% of Total Loan
Closing Date Balance" of the Total Debt associated with the Mortgage Loan and Total Debt associated with each Property. We compared
this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

18. Using the "Total Units," as shown on the Final Data File, we recalculated the "% of Total Units" of the Mortgage
Loan and each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such
information to be in agreement.

19. Using the "Total SF," as shown on the Final Data File, we recalculated the "% of Total SF" of the Mortgage
Loan and each Property. We compared this recalculated information to the corresponding information on the Final Data File and found such
information to be in agreement.

**Exhibit 1 to Attachment A**<br> Page 1 of 2<br>

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

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

---

| | |
|:---|:---|
| **<u>Source Document Title</u>** | **<u>Source Document Date</u>** |
| Mortgage Loan Agreement (see Note 1) | 23 July 2025 |
| Mezzanine Loan Agreement (see Note 1) | 23 July 2025 |
| Allocated Loan Amount Schedule (see Note 1) | 23 July 2025 |
| Cash Management Agreement (see Note 1) | 15 July 2025 |
| Deposit Account Control Agreement (see Note 1) | 15 July 2025 |
| Guaranty Agreement (see Note 1) | 15 July 2025 |
| Environmental Indemnity Agreement (see Note 1) | 15 July 2025 |
| Promissory Note(s) (see Note 1) | 15 July 2025 |
| Assignment of Interest Rate Cap (see Note 1) | 15 July 2025 |
| Interest Rate Cap Agreement (see Note 1) | 22 July 2025 |

---

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

---

| | |
|:---|:---|
| **<u>Source Document Title</u>** | **<u>Source Document Date</u>** |
| Appraisal Reports | Various |
| Portfolio Appraisal Report | 16 July 2025 |
| Engineering Reports | 1 April 2025 |
| Phase I Environmental Reports | Various |
| Pro Forma Title Polices | Not Dated |
| Underwriter's Summary Report | Not Dated |
| Assignment of Management Agreement (see Note 1) | 15 July 2025 |
| CoStar Market Reports | Not Dated |
| Cost Basis and Capital Expenditure Information | Not Dated |
| Homeownership Cost Information | Not Dated |

---

**Exhibit 1 to Attachment A**<br> Page 2 of 2<br>

 ****

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

---

| | |
|:---|:---|
| **<u>Source Document Title</u>** | **<u>Source Document Date</u>** |
| Income in the United States Information | Not Dated |
| Median Household Income Information | Not Dated |
| 2020-2024 Population Growth Information | Not Dated |
| SREIT 2021-FLWR Annex | Not Dated |
| Additional UW Master Tape | Not Dated |
| Insurance Risk Analysis (see Note 1) | Not Dated |

---

**<u>Note</u>:**

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

 ****

**Exhibit 2 to Attachment A**<br> Page 1 of 9<br>

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

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Address | Appraisal Report |
| City | Appraisal Report |
| County | Appraisal Report |
| State | Appraisal Report |
| Zip | Appraisal Report |
| Market | Appraisal Report |
| Submarket | Additional UW Master Tape |
| Year Built | Appraisal Report |
| Year Renovated | Appraisal Report |
| Property Type | Appraisal Report |
| Property Sub-Type | Appraisal Report |
| Total Units | Underwriter's Summary Report |
| Total SF | Underwriter's Summary Report |
| Unit of Measure | Underwriter's Summary Report |
| Average Unit Size (SF) | Underwriter's Summary Report |
| Occupied Units | Underwriter's Summary Report |
| Vacant Units | Underwriter's Summary Report |
| Non-Revenue Units | Underwriter's Summary Report |
| In-Place Rent per Unit | Underwriter's Summary Report |
| Avg. In-Place Rent per SF | Underwriter's Summary Report |
| Occupancy (%) | Underwriter's Summary Report |
| Occupancy (%) Date | Underwriter's Summary Report |
| Ownership Interest | Pro Forma Title Policies |

---

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Individual Appraised Value Date | Appraisal Report |
| Aggregate Individual Appraised Value | Appraisal Report |
| Portfolio Appraised Value Date | Portfolio Appraisal Report |
| Portfolio Appraised Value | Portfolio Appraisal Report |
| Engineering Report Provider | Engineering Report |
| Engineering Report Date | Engineering Report |
| Environmental Report Provider | Phase I Environmental Report |
| Environmental Report Date | Phase I Environmental Report |
| Phase II Required? | Phase I Environmental Report |
| Seismic Zone | Engineering Report |

---

**Exhibit 2 to Attachment A**<br> Page 2 of 9<br>

**<u>Demographic Information</u>:** 

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 1-mile Demographics Population | Underwriter's Summary Report |
| 1-mile Demographics Annual Population Growth | Underwriter's Summary Report |
| 1-mile Demographics Average Household Income | Underwriter's Summary Report |
| 1-mile Demographics Average Age | Underwriter's Summary Report |
| 1-mile Demographics % of Households that Rent | Underwriter's Summary Report |
| 3-mile Demographics Population | Underwriter's Summary Report |
| 3-mile Demographics Annual Population Growth | Underwriter's Summary Report |
| 3-mile Demographics Average Household Income | Underwriter's Summary Report |
| 3-mile Demographics Average Age | Underwriter's Summary Report |
| 3-mile Demographics % of Households that Rent | Underwriter's Summary Report |
| 5-mile Demographics Population | Underwriter's Summary Report |
| 5-mile Demographics Annual Population Growth | Underwriter's Summary Report |
| 5-mile Demographics Average Household Income | Underwriter's Summary Report |
| 5-mile Demographics Average Age | Underwriter's Summary Report |
| 5-mile Demographics % of Households that Rent | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 3 of 9<br>

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| SREIT 2021-FLWR Historical Occupancy | SREIT 2021-FLWR Annex |
| 2022 Historical Occupancy | Underwriter's Summary Report |
| 2023 Historical Occupancy | Underwriter's Summary Report |
| 2024 Historical Occupancy | Underwriter's Summary Report |
| May 2025 TTM Historical Occupancy | Underwriter's Summary Report |
| UW Historical Occupancy | Underwriter's Summary Report |
| SREIT 2021-FLWR Gross Potential Rent | Underwriter's Summary Report |
| 2022 Gross Potential Rent | Underwriter's Summary Report |
| 2023 Gross Potential Rent | Underwriter's Summary Report |
| 2024 Gross Potential rent | Underwriter's Summary Report |
| May 2025 TTM Gross Potential Rent | Underwriter's Summary Report |
| Sponsor 2025 Budget Gross Potential Rent | Underwriter's Summary Report |
| UW Gross Potential Rent | Underwriter's Summary Report |
| SREIT 2021-FLWR Concessions | Underwriter's Summary Report |
| 2022 Concessions | Underwriter's Summary Report |
| 2023 Concessions | Underwriter's Summary Report |
| 2024 Concessions | Underwriter's Summary Report |
| May 2025 TTM Concessions | Underwriter's Summary Report |
| Sponsor 2025 Budget Concessions | Underwriter's Summary Report |
| UW Concessions | Underwriter's Summary Report |
| SREIT 2021-FLWR Vacancy | Underwriter's Summary Report |
| 2022 Vacancy | Underwriter's Summary Report |
| 2023 Vacancy | Underwriter's Summary Report |
| 2024 Vacancy | Underwriter's Summary Report |
| May 2025 TTM Vacancy | Underwriter's Summary Report |
| Sponsor 2025 Budget Vacancy | Underwriter's Summary Report |
| UW Vacancy | Underwriter's Summary Report |
| SREIT 2021-FLWR Bad Debt | Underwriter's Summary Report |
| 2022 Bad Debt | Underwriter's Summary Report |
| 2023 Bad Debt | Underwriter's Summary Report |
| 2024 Bad Debt | Underwriter's Summary Report |
| May 2025 TTM Bad Debt | Underwriter's Summary Report |
| Sponsor 2025 Budget Bad Debt | Underwriter's Summary Report |
| UW Bad Debt | Underwriter's Summary Report |
| SREIT 2021-FLWR Non-Revenue Units | Underwriter's Summary Report |
| 2022 Non-Revenue Units | Underwriter's Summary Report |
| 2023 Non-Revenue Units | Underwriter's Summary Report |
| 2024 Non-Revenue Units | Underwriter's Summary Report |
| May 2025 TTM Non-Revenue Units | Underwriter's Summary Report |
| Sponsor 2025 Budget Non-Revenue Units | Underwriter's Summary Report |
| UW Non-Revenue Units | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 4 of 9<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| SREIT 2021-FLWR Net Rental Income | Underwriter's Summary Report |
| 2022 Net Rental Income | Underwriter's Summary Report |
| 2023 Net Rental Income | Underwriter's Summary Report |
| 2024 Net Rental Income | Underwriter's Summary Report |
| May 2025 TTM Net Rental Income | Underwriter's Summary Report |
| Sponsor 2025 Budget Net Rental Income | Underwriter's Summary Report |
| UW Net Rental Income | Underwriter's Summary Report |
| SREIT 2021-FLWR Other Income | Underwriter's Summary Report |
| 2022 Other Income | Underwriter's Summary Report |
| 2023 Other Income | Underwriter's Summary Report |
| 2024 Other Income | Underwriter's Summary Report |
| May 2025 TTM Other Income | Underwriter's Summary Report |
| Sponsor 2025 Budget Other Income | Underwriter's Summary Report |
| UW Other Income | Underwriter's Summary Report |
| SREIT 2021-FLWR Effective Gross Income | Underwriter's Summary Report |
| 2022 Effective Gross Income | Underwriter's Summary Report |
| 2023 Effective Gross Income | Underwriter's Summary Report |
| 2024 Effective Gross Income | Underwriter's Summary Report |
| May 2025 TTM Effective Gross Income | Underwriter's Summary Report |
| Sponsor 2025 Budget Effective Gross Income | Underwriter's Summary Report |
| UW Effective Gross Income | Underwriter's Summary Report |
| SREIT 2021-FLWR Utilities | Underwriter's Summary Report |
| 2022 Utilities | Underwriter's Summary Report |
| 2023 Utilities | Underwriter's Summary Report |
| 2024 Utilities | Underwriter's Summary Report |
| May 2025 TTM Utilities | Underwriter's Summary Report |
| Sponsor 2025 Budget Utilities | Underwriter's Summary Report |
| UW Utilities | Underwriter's Summary Report |
| SREIT 2021-FLWR Repairs & Maintenance | Underwriter's Summary Report |
| 2022 Repairs & Maintenance | Underwriter's Summary Report |
| 2023 Repairs & Maintenance | Underwriter's Summary Report |
| 2024 Repairs & Maintenance | Underwriter's Summary Report |
| May 2025 TTM Repairs & Maintenance | Underwriter's Summary Report |
| Sponsor 2025 Budget Repairs & Maintenance | Underwriter's Summary Report |
| UW Repairs & Maintenance | Underwriter's Summary Report |
| SREIT 2021-FLWR Payroll | Underwriter's Summary Report |
| 2022 Payroll | Underwriter's Summary Report |
| 2023 Payroll | Underwriter's Summary Report |
| 2024 Payroll | Underwriter's Summary Report |
| May 2025 TTM Payroll | Underwriter's Summary Report |
| Sponsor 2025 Budget Payroll | Underwriter's Summary Report |
| UW Payroll | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 5 of 9<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| SREIT 2021-FLWR Marketing | Underwriter's Summary Report |
| 2022 Marketing | Underwriter's Summary Report |
| 2023 Marketing | Underwriter's Summary Report |
| 2024 Marketing | Underwriter's Summary Report |
| May 2025 TTM Marketing | Underwriter's Summary Report |
| Sponsor 2025 Budget Marketing | Underwriter's Summary Report |
| UW Marketing | Underwriter's Summary Report |
| SREIT 2021-FLWR General & Administrative | Underwriter's Summary Report |
| 2022 General & Administrative | Underwriter's Summary Report |
| 2023 General & Administrative | Underwriter's Summary Report |
| 2024 General & Administrative | Underwriter's Summary Report |
| May 2025 TTM General & Administrative | Underwriter's Summary Report |
| Sponsor 2025 Budget General & Administrative | Underwriter's Summary Report |
| UW General & Administrative | Underwriter's Summary Report |
| SREIT 2021-FLWR Total Controllable Expenses | Underwriter's Summary Report |
| 2022 Total Controllable Expenses | Underwriter's Summary Report |
| 2023 Total Controllable Expenses | Underwriter's Summary Report |
| 2024 Total Controllable Expenses | Underwriter's Summary Report |
| May 2025 TTM Total Controllable Expenses | Underwriter's Summary Report |
| Sponsor 2025 Budget Total Controllable Expenses | Underwriter's Summary Report |
| UW Total Controllable Expenses | Underwriter's Summary Report |
| SREIT 2021-FLWR Management Fees | Underwriter's Summary Report |
| 2022 Management Fees | Underwriter's Summary Report |
| 2023 Management Fees | Underwriter's Summary Report |
| 2024 Management Fees | Underwriter's Summary Report |
| May 2025 TTM Management Fees | Underwriter's Summary Report |
| Sponsor 2025 Budget Management Fees | Underwriter's Summary Report |
| UW Management Fees | Underwriter's Summary Report |
| SREIT 2021-FLWR Real Estate Taxes | Underwriter's Summary Report |
| 2022 Real Estate Taxes | Underwriter's Summary Report |
| 2023 Real Estate Taxes | Underwriter's Summary Report |
| 2024 Real Estate Taxes | Underwriter's Summary Report |
| May 2025 TTM Real Estate Taxes | Underwriter's Summary Report |
| Sponsor 2025 Budget Real Estate Taxes | Underwriter's Summary Report |
| UW Real Estate Taxes | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 6 of 9<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| SREIT 2021-FLWR Franchise Taxes | Underwriter's Summary Report |
| 2022 Franchise Taxes | Underwriter's Summary Report |
| 2023 Franchise Taxes | Underwriter's Summary Report |
| 2024 Franchise Taxes | Underwriter's Summary Report |
| May 2025 TTM Franchise Taxes | Underwriter's Summary Report |
| Sponsor 2025 Budget Franchise Taxes | Underwriter's Summary Report |
| UW Franchise Taxes | Underwriter's Summary Report |
| SREIT 2021-FLWR Insurance | Underwriter's Summary Report |
| 2022 Insurance | Underwriter's Summary Report |
| 2023 Insurance | Underwriter's Summary Report |
| 2024 Insurance | Underwriter's Summary Report |
| May 2025 TTM Insurance | Underwriter's Summary Report |
| Sponsor 2025 Budget Insurance | Underwriter's Summary Report |
| UW Insurance | Underwriter's Summary Report |
| SREIT 2021-FLWR Total Non-Controllable Expenses | Underwriter's Summary Report |
| 2022 Total Non-Controllable Expenses | Underwriter's Summary Report |
| 2023 Total Non-Controllable Expenses | Underwriter's Summary Report |
| 2024 Total Non-Controllable Expenses | Underwriter's Summary Report |
| May 2025 TTM Total Non-Controllable Expenses | Underwriter's Summary Report |
| Sponsor 2025 Budget Total Non-Controllable Expenses | Underwriter's Summary Report |
| UW Total Non-Controllable Expenses | Underwriter's Summary Report |
| SREIT 2021-FLWR Total Operating Expenses | Underwriter's Summary Report |
| 2022 Total Operating Expenses | Underwriter's Summary Report |
| 2023 Total Operating Expenses | Underwriter's Summary Report |
| 2024 Total Operating Expenses | Underwriter's Summary Report |
| May 2025 TTM Total Operating Expenses | Underwriter's Summary Report |
| Sponsor 2025 Budget Total Operating Expenses | Underwriter's Summary Report |
| UW Total Operating Expenses | Underwriter's Summary Report |
| SREIT 2021-FLWR Net Operating Income | Underwriter's Summary Report |
| 2022 Net Operating Income | Underwriter's Summary Report |
| 2023 Net Operating Income | Underwriter's Summary Report |
| 2024 Net Operating Income | Underwriter's Summary Report |
| May 2025 TTM Net Operating Income | Underwriter's Summary Report |
| Sponsor 2025 Budget Net Operating Income | Underwriter's Summary Report |
| UW Net Operating Income | Underwriter's Summary Report |

---

**Exhibit 2 to Attachment A**<br> Page 7 of 9<br>

**<u>Underwriting Information</u>:** (continued)

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| SREIT 2021-FLWR Reserves | Underwriter's Summary Report |
| 2022 Reserves | Underwriter's Summary Report |
| 2023 Reserves | Underwriter's Summary Report |
| 2024 Reserves | Underwriter's Summary Report |
| May 2025 TTM Reserves | Underwriter's Summary Report |
| Sponsor 2025 Budget Reserves | Underwriter's Summary Report |
| UW Reserves | Underwriter's Summary Report |
| SREIT 2021-FLWR Net Cash Flow | Underwriter's Summary Report |
| 2022 Net Cash Flow | Underwriter's Summary Report |
| 2023 Net Cash Flow | Underwriter's Summary Report |
| 2024 Net Cash Flow | Underwriter's Summary Report |
| May 2025 TTM Net Cash Flow | Underwriter's Summary Report |
| Sponsor 2025 Budget Net Cash Flow | Underwriter's Summary Report |
| UW Net Cash Flow | Underwriter's Summary Report |

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

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| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Ongoing Tax Escrow Monthly | Mortgage Loan Agreement |
| Tax Escrow Springing Conditions | Mortgage Loan Agreement |
| Ongoing Insurance Escrow Monthly | Mortgage Loan Agreement |
| Insurance Escrow Springing Conditions | Mortgage Loan Agreement |
| Initial Immediate Repairs Escrow | Mortgage Loan Agreement |
| Initial CapEx Escrow | Mortgage Loan Agreement |
| Ongoing Cap Ex Escrow Monthly | Mortgage Loan Agreement |
| Cap Ex Escrow Springing Conditions | Mortgage Loan Agreement |
| Initial TI/LC Escrow | Mortgage Loan Agreement |
| Ongoing TI/LC Escrow Monthly | Mortgage Loan Agreement |
| TI/LC Escrow Springing Conditions | Mortgage Loan Agreement |
| Initial Other Escrow | Mortgage Loan Agreement |
| Ongoing Other Escrow Monthly | Mortgage Loan Agreement |
| Ongoing Other Escrow Springing Condition | Mortgage Loan Agreement |
| Other Escrow Description | Mortgage Loan Agreement |

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**Exhibit 2 to Attachment A**<br> Page 8 of 9<br>

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

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| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Term SOFR Lookback Days | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Interest Calculation (30/360 / Actual/360) | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Amort Type | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Grace Period | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| First Loan Payment Date | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Initial Maturity Date | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Floating Rate Component Extensions | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Fully Extended Maturity Date | Mortgage Loan Agreement and Mezzanine Loan Agreement |
| Lockbox | Mortgage Loan Agreement |
| Cash Management Type | Mortgage Loan Agreement |
| Cash Management Trigger | Mortgage Loan Agreement |
| Floating Rate Component Prepayment Provision | Mortgage Loan Agreement |
| Partial Release Allowed? | Mortgage Loan Agreement |
| Property Release Description | Mortgage Loan Agreement |
| Term SOFR Cap | Interest Rate Cap Agreement |
| Term SOFR Cap Expiration Date | Interest Rate Cap Agreement |

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

1. For the purpose of comparing the:

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

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

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

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

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

**Exhibit 2 to Attachment A**<br> Page 9 of 9<br>

3. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Term SOFR Lookback Days,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Interest Calculation (30/360 / Actual/360),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Amort Type,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. First Loan Payment Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Initial Maturity Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Floating Rate Component Extensions and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Fully Extended Maturity Date

characteristics, the Depositor instructed us to compare the information on the Preliminary Data File to the corresponding information for both the Mortgage Loan and Mezzanine Loan that is shown in the applicable Source Document(s).

4. For the purpose of comparing the "Lockbox" characteristic, the Depositor instructed us to use "Hard"
if the applicable Source Document(s) require the borrower(s) or manager(s) to direct credit card companies, credit card clearing
banks or tenants to pay receipts directly to a lockbox account controlled by the lender(s).

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

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

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

6. For the purpose of comparing the "Floating Rate Component Prepayment Provision" characteristic, the Depositor instructed
us to ignore any prepayment premiums or other conditions related to partial release events or partial prepayments to cure certain trigger
periods, as described in the applicable Source Document(s).<br>

7. For the purpose of comparing the "Occupancy (%) Date" characteristic, the Depositor instructed us to use the last day
of the month if the applicable Source Document(s) only indicated the month and year.

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

**Exhibit 3 to Attachment A**<br>

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

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| |
|:---|
| **<u>Characteristic</u>** |
| Property ID |
| Property Rank |
| Property Name |
| Origination Date |
| Administrative Fee Rate (%) |
| Assumed Mortgage Loan Spread |
| Assumed Mezzanine Loan Spread |
| Initial Tax Escrow |
| Initial Insurance Escrow |
| PML % |

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

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