# EDGAR Filing Document

**Accession Number:** 0002013513
**File Stem:** 0001539497-26-000253
**Filing Date:** 2026-2
**Character Count:** 69297
**Document Hash:** 4ce958608b18c420f06a9c71e28dc6e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-000253.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001539497-26-000253

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260203

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

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Citi Affordable Depositor LLC
- **CENTRAL INDEX KEY:** 0002013513

**ORGANIZATION NAME:**
- **EIN:** 863358010
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06995
- **FILM NUMBER:** 26592182

**BUSINESS ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **STREET 2:** 17TH FLOOR (ATTN: CCC SECURITIZATION)
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 212-723-4205

**MAIL ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **STREET 2:** 17TH FLOOR (ATTN: CCC SECURITIZATION)
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Citi Affordable Depositor LLC
- **CENTRAL INDEX KEY:** 0002013513

**ORGANIZATION NAME:**
- **EIN:** 863358010
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **STREET 2:** 17TH FLOOR (ATTN: CCC SECURITIZATION)
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 212-723-4205

**MAIL ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **STREET 2:** 17TH FLOOR (ATTN: CCC SECURITIZATION)
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** California Municipal Finance Authority
- **CENTRAL INDEX KEY:** 0002067720

**ORGANIZATION NAME:**
- **EIN:** 201563466
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0630

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

**BUSINESS ADDRESS:**
- **STREET 1:** 2111 PALOMAR AIRPORT RD
- **STREET 2:** SUITE 320
- **CITY:** CARLSBAD
- **STATE:** CA
- **ZIP:** 92011
- **BUSINESS PHONE:** 7609301221

**MAIL ADDRESS:**
- **STREET 1:** 2111 PALOMAR AIRPORT RD
- **STREET 2:** SUITE 320
- **CITY:** CARLSBAD
- **STATE:** CA
- **ZIP:** 92011
**UNDERWRITER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** California Municipal Finance Authority
- **CENTRAL INDEX KEY:** 0002067720

**ORGANIZATION NAME:**
- **EIN:** 201563466
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0630

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

**BUSINESS ADDRESS:**
- **STREET 1:** 2111 PALOMAR AIRPORT RD
- **STREET 2:** SUITE 320
- **CITY:** CARLSBAD
- **STATE:** CA
- **ZIP:** 92011
- **BUSINESS PHONE:** 7609301221

**MAIL ADDRESS:**
- **STREET 1:** 2111 PALOMAR AIRPORT RD
- **STREET 2:** SUITE 320
- **CITY:** CARLSBAD
- **STATE:** CA
- **ZIP:** 92011

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

**FORM ABS-15G**

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

**the Securities Exchange Act of 1934**

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

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

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

_____________________________________________________________

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

contact in connection with this filing

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

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

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

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

Central Index Key Number of depositor: <u>0002013513</u> 

<u>California Municipal Finance Authority (as issuer of its Municipal Certificates, Series 2026-1)</u> 

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

Central Index Key Number of issuing entity (if applicable): <u>0002067720</u> <br>

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Mark Sherman, Vice President – (212) 723-4205</u> 

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

contact in connection with this filing

**INFORMATION TO BE INCLUDED IN THE REPORT**

**PART I: REPRESENTATION AND WARRANTY INFORMATION**

**N/A** 

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

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

See Report of Independent Accountants on Applying Agreed-Upon Procedures dated February 3, 2026, of Ernst & Young LLP attached as Exhibit 99.1 to this report.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| Exhibit 99.1 | Independent Accountants' Report on Applying Agreed-Upon Procedures, dated February 3, 2026, of Ernst & Young LLP. |

---

**SIGNATURES** 

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

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Date: February 3, 2026 | CITI AFFORDABLE DEPOSITOR LLC | CITI AFFORDABLE DEPOSITOR LLC | CITI AFFORDABLE DEPOSITOR LLC |
|  | By: | /s/ Mark Sherman | /s/ Mark Sherman |
|  |  | Name: | Mark Sherman |
|  |  | Title: | Vice President |

---

## Exhibit 99.1

**Exhibit 99.1** 

---

| | |
|:---|:---|
| **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**

Citi Affordable Depositor LLC (the "Depositor")

Citibank, N.A.

J.P. Morgan Securities LLC

BofA Securities, Inc.

Jefferies LLC

Wells Fargo Securities, LLC

(collectively, the "Specified Parties")

---

| | |
|:---|:---|
| **Re:** | **California Municipal Finance Authority Municipal Certificates, Series 2026-1 (the "Issuing Entity")** |

---

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 Loans (as defined herein) contained on the Data Files (as defined herein) (the "Subject Matter") relating to the California Municipal Finance Authority Municipal Certificates, Series 2026-1 securitization transaction (the "Transaction") as of 3 February 2026. 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. Electronic copies of the loan files for the Loans, which contain various source documents (the "Source Documents") relating
to the Loans and Properties (as defined herein) that secure the Loans,

c. A list of characteristics on the Data Files (the "Compared Characteristics"), which are listed on Exhibit 1 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 2 to Attachment
A, on which the Depositor instructed us to perform no procedures,

f. A draft of the preliminary official statement for the Transaction (the "Draft Preliminary Official Statement") and

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

---

| | |
|:---|:---|
| ![](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 Official Statement 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 Official Statement 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 Loans, (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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Whether the origination of the Loans conformed to, or deviated from, stated underwriting or credit extension guidelines, standards,
criteria, or other requirements,

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Any other factor or characteristic of the Loans that would be material to the likelihood that the issuer of the certificates that
are secured by the Loans will pay interest and principal in accordance with applicable terms and conditions.

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

---

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

---

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 any law or regulation.

/s/ Ernst & Young LLP

3 February 2026

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 1 of 10 |

---

**<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 primarily consist of one (1) multifamily housing revenue bond (the "Bond") and sixteen
(16) loans (collectively with the Bond, the "Loans"), secured by multifamily affordable housing properties (the "Properties")
and

b. With respect to any Loan that does not have the "Non-Securitized Participation Interest" characteristic as "0.0%"
(each, a "Participation Interest Loan"), as shown on the Data Files, there exists one or more participation interest(s) that
will not be assets of the Issuing Entity.

For the purpose of the procedures described in this report, any Loan that has pari passu companion loan(s) is hereinafter referred to as a "Whole Loan."

For the purpose of the procedures described in this report, any Whole Loan that has all pari passu companion loan(s) as assets of the Issuing Entity is hereinafter referred to as a "Fully Securitized Whole Loan."

For the purpose of the procedures described in this report, any Whole Loan that is not a Fully Securitized Whole Loan is hereinafter referred to as a "Loan with Non-Trust Companion Loan(s)."

**<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
Loans as of 1 March 2026 (the "Cut-Off Date") and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Record layout and decode information related to the information on the Data Files.

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.

For each Loan on the Preliminary Data File, we compared the Compared Characteristics listed on Exhibit 1 to Attachment A, as shown on the Preliminary Data File, to the corresponding information in copies of the Source Document(s) indicated on Exhibit 1 to Attachment A, subject only to the instructions, assumptions and methodologies described in the notes on Exhibit 1 to Attachment A and the next paragraph(s) of this Item.

The Source Document(s) that we were instructed by the Depositor to use for each Compared Characteristic are indicated on Exhibit 1 to Attachment A. Where 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 1 to Attachment A (except as described in the notes on Exhibit 1 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 1 to Attachment A.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 2 of 10 |

---

1. (continued)

Additionally, for any Loan(s) listed in the table below, the Depositor provided us with the related draft Source Document(s) listed in the "Draft Source Document(s)" column of the table below.

---

| | |
|:---|:---|
| **<u>Loan</u>** | **<u>Draft Source Document(s)</u>** |
| N/A | N/A |

---

For the purpose of the procedures described in this report, the Depositor instructed us to treat any "Draft Source Document(s)" listed in the table above as fully executed Source Document(s).

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 procedures described in the Items above, the Depositor provided us with 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 Loans as of the Cut-Off Date.

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 1 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:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mandatory Prepayment Date,

as shown on the Final Data File, we recalculated the "Loan Term (Original)" of each Loan (except for any Loan with "N/A" for the "Mandatory Prepayment Date" characteristic, as shown on the Final Data File, which are described in the succeeding paragraph(s) of this Item). 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 recalculating the "Loan Term (Original)" characteristic for any Loan with "N/A" for the "Mandatory Prepayment Date" characteristic, as shown on the Final Data File, the Depositor instructed us to use the:

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

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

as shown on the Final Data File. 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 3 of 10 |

---

5. Using:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "First Payment Date," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The first payment date that a payment of principal and interest is due following the conversion of the Loan to a permanent loan, as
shown in the applicable Source Document,

we recalculated the "IO Period" of each Loan (except for any Interest Only Loan(s) (as defined herein), which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For any Interest Only Loan, the Depositor instructed us to use the "Loan Term (Original)" value on the Final Data File for the "IO Period" characteristic.

6. Using the "First Payment Date," as shown on the Final Data File, we recalculated the "Seasoning" of each
Loan as of the Cut-Off Date. We compared this recalculated information to the corresponding information on the Final Data File and found
such information to be in agreement.

7. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Original Permanent Loan Amount,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Accrual Basis,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Gross Interest Rate and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Monthly Debt Service Amount (Amortizing),

as shown on the Final Data File, and assuming each Loan has a fixed level monthly payment, we recalculated the "Amortization Term (Original)" of each Loan (except for any Interest Only Loan(s), which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For any Interest Only Loan, the Depositor instructed us to use "0" for the "Amortization Term (Original)" characteristic.

8. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seasoning,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. IO Period and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Amortization Term (Original),

as shown on the Final Data File, we recalculated the "Amortization Term (Remaining)" of each Loan (except for any Interest Only Loan(s), which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For any Interest Only Loan, the Depositor instructed us to use "0" for the "Amortization Term (Remaining)" characteristic.

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| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 4 of 10 |

---

9. Using the:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Loan Term (Original),

as shown on the Final Data File, we recalculated the "Loan Term (Remaining)" of each Loan. 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. Cut-Off Date Loan Amount and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Non-Securitized Participation Interest,

as shown on the Final Data File, and the additional instructions provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the "Securitized Loan Amount" of each 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 "Securitized Loan Amount" as the product, truncated to two decimal places, of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Cut-Off Date Loan Amount," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 1 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The "Non-Securitized Participation Interest," as shown on the Final Data File.

11. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Original Permanent Loan Amount,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Accrual Basis,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seasoning,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. IO Period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. First Payment Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Maturity Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Mandatory Prepayment Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Gross Interest Rate and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Monthly Debt Service Amount (Amortizing),

as shown on the Final Data File, and the additional instructions provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the principal balance as of the "Maturity Date" or "Mandatory Prepayment Date" (the "Maturity or Mandatory Prepayment Date Balance") of each Loan, assuming all scheduled payments of principal and/or interest on the Loans are made and that there are no prepayments or other unscheduled collections (except for any Loans listed in the table below, which are described in the succeeding paragraph(s) of this Item). 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 5 of 10 |

---

11. (continued)

For the purpose of recalculating the "Maturity or Mandatory Prepayment Date Balance" characteristic for any Loans listed in the table below, the Depositor instructed us to apply the aggregate principal payments shown in the "Principal Payments" column of the table below, which occurred prior to the "First Payment Date," as shown on the notice of conversion Source Document.

---

| | |
|:---|:---|
| **<u>Loans</u>** | **<u>Principal Payments</u>** |
| Little Tokyo Towers | $2500651.29 |
| Castle Argyle Apartments | $110648.10 |
| Westview House | $21679.57 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Ignore differences of +/- $2 or less,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Recalculate the "Maturity or Mandatory Prepayment Date Balance" as of the "Maturity Date" only for Loans
with "N/A" for the "Mandatory Prepayment Date" characteristic and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Recalculate the "Maturity or Mandatory Prepayment Date Balance" as the principal amount that is scheduled to be paid on
the "Mandatory Prepayment Date" or "Maturity Date," as applicable, after the principal component (if any)
that is included in the scheduled payment that is due on the "Mandatory Prepayment Date" or "Maturity Date,"
as applicable, is applied to the principal balance of the corresponding Loan.

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

12. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Maturity or Mandatory Prepayment Date Balance and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Non-Securitized Participation Interest,

as shown on the Final Data File, and the additional instructions provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the "Securitized Maturity or Mandatory Prepayment Date Balance" of each 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 "Securitized Maturity or Mandatory Prepayment Date Balance" as the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Maturity or Mandatory Prepayment Date Balance," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 1 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The "Non-Securitized Participation Interest," as shown on the Final Data File.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 6 of 10 |

---

13. Using the "Cut-Off Date Loan Amount," as shown on the Final Data File, we recalculated the "% of Cut-Off Date Balance"
of each Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information
to be in agreement.

14. Using the "Securitized Loan Amount," as shown on the Final Data File, we recalculated the "% of Portfolio Assets"
of each Loan. We compared this recalculated information to the corresponding information on the Final Data File and found such information
to be in agreement.

15. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Gross Interest Rate and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Fixed Expense Rate,

as shown on the Final Data File, we recalculated the "Net Mortgage Interest Rate" of each Loan. 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Monthly Debt Service Amount (IO),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Monthly Debt Service Amount (Amortizing),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 2022 NCF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. 2023 NCF,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. 2024 NCF and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Most Recent NCF,

as shown on the Final Data File, the additional instructions provided by the Depositor described in the succeeding paragraph(s) of this Item and the applicable calculation methodologies and assumptions that are described in the Draft Preliminary Official Statement, we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 2022 NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. 2023 NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. 2024 NCF DSCR,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Most Recent NCF IO DSCR and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Most Recent NCF DSCR,

as applicable, of each Loan (except for the Whole Loans, which are described in the succeeding paragraph(s) of this Item). 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, we were instructed by the Depositor to round each characteristic listed in i. through v. above to two decimal places.

For any Fully Securitized Whole Loan, the Depositor instructed us to recalculate the characteristics listed in i. through v. above, as applicable, on an aggregate basis.

For any Loan with Non-Trust Companion Loan(s), the Depositor instructed us to recalculate the characteristics listed in i. through v. above, as applicable, on an aggregate basis including the corresponding debt service for the pari passu companion loan(s), as shown on the respective amortization schedule(s) provided by the Depositor.

For any Balloon Loan (as defined herein) or Fully Amortizing Loan (as defined herein), the Depositor instructed us to use "N/A" for the "Most Recent NCF IO DSCR" characteristic.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 7 of 10 |

---

16. (continued)

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

17. Using:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Information on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any applicable assumptions and calculation methodologies provided by the Depositor, which are described in the succeeding paragraph(s)
of this Item, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The applicable calculation methodologies and assumptions that are described in the Draft Preliminary Official Statement,

we recalculated the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Cut-Off Date LTV,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Cut-Off Date Supervisory LTV,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Cut-Off Date Balance/Unit and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Maturity LTV

of each Loan (except for the Whole Loans, which are described in the succeeding paragraph(s) of this Item). 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, we were instructed by the Depositor to round the characteristics listed in i. through ii. and iv. above to the nearest 1/10<sup>th</sup> of one percent.

For any Fully Securitized Whole Loan, the Depositor instructed us to recalculate the characteristics listed in i. through iv. above on an aggregate basis.

For any Loan with Non-Trust Companion Loan(s), the Depositor instructed us to use the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Cut-Off Date Loan Amount," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The principal balance of the corresponding pari passu companion loan(s), as of the Cut-Off Date, as shown on the respective servicer
balance statement Source Document,

for the purpose of recalculating the characteristics listed in i. through iii. above.

For any Loan with Non-Trust Companion Loan(s), the Depositor instructed us to use the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Maturity or Mandatory Prepayment Date Balance," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The principal balance of the corresponding pari passu companion loan(s), as of the "Mandatory Prepayment Date" (except
for any Loan with Non-Trust Companion Loan(s) with "N/A" for the "Mandatory Prepayment Date," in which case the
Depositor instructed us to use the principal balance of the corresponding pari passu companion loan(s) as of the "Maturity Date"),
as shown on the respective amortization schedule provided by the Depositor for each Whole Loan,

for the purpose of recalculating the "Maturity LTV" characteristic.

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 8 of 10 |

---

18. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Appraised Value and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Market Value of Remaining Low Income Housing Tax Credits (LIHTCs),

as shown on the Final Data File, we recalculated the "Supervisory Value" of each Loan. 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 "Guarantor Entity Name," as shown on the Final Data File, we identified those Loans that had at least one common "Guarantor
Entity Name" (the "Related Borrower Loans"). We compared the Related Borrower Loan information to the corresponding
information on the Final Data File and found such information to be in agreement.

For the purpose of comparing the "Related Borrower Loans" characteristic for the Loans identified on the Final Data File as:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Village at Burlingame Apartments and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Chico Courtyards,

which do not have at least one common "Guarantor Entity Name" on the Final Data File, the Depositor indicated that the respective guarantors at origination were related entities and instructed us to use "Group 2" for the "Related Borrower Loans" characteristic.

20. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Monthly Debt Service Amount (Amortizing) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Operating Deficit Reserve Balance,

as shown on the Final Data File, and any additional instructions provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the "Number of Months Debt Service Covered by the Operating Deficit Reserve" of each Loan (except for the Whole Loans, which are described in the succeeding paragraph(s) of this Item). We compared this recalculated information to the corresponding information on the Final Data File and found such information to be in agreement.

For any Fully Securitized Whole Loan, the Depositor instructed us to recalculate the "Number of Months Debt Service Covered by the Operating Deficit Reserve" on an aggregate basis.

For any Loan with Non-Trust Companion Loan(s), the Depositor instructed us to recalculate the "Number of Months Debt Service Covered by the Operating Deficit Reserve" on an aggregate basis with the corresponding debt service for the pari passu companion loan(s), as shown on the respective amortization schedule(s) provided by the Depositor.

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 9 of 10 |

---

21. Using the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Cut-Off Date Loan Amount,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Accrual Basis,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seasoning,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. IO Period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Cut-Off Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Gross Interest Rate,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Amortization Term (Remaining),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Monthly Debt Service Amount (IO),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Monthly Debt Service Amount (Amortizing) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Non-Securitized Participation Interest

as shown on the Final Data File, and the additional instructions provided by the Depositor described in the succeeding paragraph(s) of this Item, we recalculated the "Projected First Monthly Payment to Trust" of each Loan, assuming a first payment date in trust date of "4/1/2026" (the "First Payment Date in Trust"). 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, we were instructed by the Depositor to round the "Projected First Monthly Payment to Trust" characteristic to two decimal places.

For any Interest Only Loan or Partial IO Loan (as defined herein) which has an "Accrual Basis" of "30/360," as shown on the Final Data File, and which will still be in its "IO Period" as of the First Payment Date in Trust, the Depositor instructed us to recalculate the "Projected First Monthly Payment to Trust" as 1/12<sup>th</sup> of the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Cut-Off Date Loan Amount," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Gross Interest Rate," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 1 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The "Non-Securitized Participation Interest," as shown on the Final Data File.

For any Interest Only Loan or Partial IO Loan which has an "Accrual Basis" of "Actual/360," as shown on the Final Data File, and which will still be in its "IO Period" as of the First Payment Date in Trust, the Depositor instructed us to recalculate the "Projected First Monthly Payment to Trust" as the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Cut-Off Date Loan Amount," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Gross Interest Rate," as shown on the Final Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. 31/360 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 1 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The "Non-Securitized Participation Interest," as shown on the Final Data File.

---

| | |
|:---|:---|
| ![](eylogo2.jpg) | **Attachment A**<br> Page 10 of 10 |

---

21. (continued)

For any Partial IO Loan which will no longer be in its "IO Period" as of the First Payment Date in Trust and any Balloon Loan or Fully Amortizing Loan, the Depositor instructed us to recalculate the "Projected First Monthly Payment to Trust" as the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Monthly Debt Service Amount (Amortizing)," as shown on the Final Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 1 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The "Non-Securitized Participation Interest," as shown on the Final Data File.

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the instructions provided by the Depositor that are described in this Item.

**Exhibit 1 to Attachment A**<br> Page 1 of 12<br>

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

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Street Address | Certificate of Occupancy, Engineering Report, Property Condition Assessment, Physical Needs Assessment, Site Inspection Report or Title Policy |
| Property City | Certificate of Occupancy, Engineering Report, Property Condition Assessment, Physical Needs Assessment, Site Inspection Report or Title Policy |
| County | Certificate of Occupancy, Engineering Report, Property Condition Assessment, Physical Needs Assessment, Site Inspection Report, Title Policy or USPS Internet Site |
| Property State | Certificate of Occupancy, Engineering Report, Property Condition Assessment, Physical Needs Assessment, Site Inspection Report or Title Policy |
| Zip Code | Certificate of Occupancy, Engineering Report, Property Condition Assessment, Physical Needs Assessment, Site Inspection Report, Title Policy or USPS Internet Site |
| Property Type | Appraisal Report, Engineering Report, Property Condition Assessment, Physical Needs Assessment or Site Inspection Report |
| Property Subtype | Appraisal Report, Engineering Report, Property Condition Assessment, Physical Needs Assessment or Site Inspection Report |
| Year Built | Appraisal Report, Conversion Risk Review, Property Condition Assessment, Physical Needs Assessment, Conversion Credit Memo, Conversion Review Memo or Construction Risk Review |
| Year Renovated | Conversion Risk Review, Property Condition Assessment, Physical Needs Assessment, Conversion Credit Memo, Conversion Review Memo or Construction Progress Monitoring Report |
| Servicer Site Inspection Rating | Site Inspection Report |
| Servicer Site Inspection Date | Site Inspection Report |

---

**Exhibit 1 to Attachment A**<br> Page 2 of 12<br>

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Appraised Value | Appraisal Report |
| Appraisal Valuation Date | Appraisal Report |
| Appraised Value Type | Appraisal Report |
| Appraisal Capitalization Rate | Appraisal Report |
| Market Value of Remaining Low Income Housing Tax Credits (LIHTCs) | Appraisal Report |
| PML / SEL % | Seismic Evaluation Report |
| Seismic Insurance In-Place (Y/N) | Servicer Insurance Assessment |

---

**<u>Multifamily Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Total Units | Rent Roll or Appraisal Report |
| Unit of Measure | Rent Roll or Appraisal Report |
| Monthly Rent Per Unit | Rent Roll |
| Occupancy As of Date | Rent Roll |
| Most Recent Occupancy % | Rent Roll |
| 2nd Most Recent Occupancy % | Servicer Occupancy Report |
| 2nd Most Recent Occupancy As of Date | Servicer Occupancy Report |
| 3rd Most Recent Occupancy % | Servicer Occupancy Report |
| 3rd Most Recent Occupancy As of Date | Servicer Occupancy Report |
| 4th Most Recent Occupancy % | Servicer Occupancy Report |
| 4th Most Recent Occupancy As of Date | Servicer Occupancy Report |
| Tenant Paid Rent Discount to Market Rent | Tenant to Market Rent Schedule |
| Low Income Units | Regulatory Agreement, Tax Credit Application or Affordable Restrictions Summary |
| Very Low Income Units | Regulatory Agreement, Tax Credit Application or Affordable Restrictions Summary |

---

**Exhibit 1 to Attachment A**<br> Page 3 of 12<br>

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| 2022 Financial End Date | Operating Statement Analysis Report |
| 2022 EGI | Operating Statement Analysis Report |
| 2022 Expenses | Operating Statement Analysis Report |
| 2022 NOI | Operating Statement Analysis Report |
| 2022 NCF | Operating Statement Analysis Report |
| 2023 Financial End Date | Operating Statement Analysis Report |
| 2023 EGI | Operating Statement Analysis Report |
| 2023 Expenses | Operating Statement Analysis Report |
| 2023 NOI | Operating Statement Analysis Report |
| 2023 NCF | Operating Statement Analysis Report |
| 2024 Financial End Date | Operating Statement Analysis Report |
| 2024 EGI | Operating Statement Analysis Report |
| 2024 Expenses | Operating Statement Analysis Report |
| 2024 NOI | Operating Statement Analysis Report |
| 2024 NCF | Operating Statement Analysis Report |
| Most Recent Financial End Date | Annualized Financial Analysis Report or Operating Statement Analysis Report |
| Most Recent EGI | Annualized Financial Analysis Report or Operating Statement Analysis Report |
| Most Recent Expenses | Annualized Financial Analysis Report or Operating Statement Analysis Report |
| Most Recent NOI | Annualized Financial Analysis Report or Operating Statement Analysis Report |
| Most Recent NCF | Annualized Financial Analysis Report or Operating Statement Analysis Report |

---

**<u>Borrower/Principal Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Borrower Name | Borrower Loan Agreement, Multifamily Note, Lease Agreement or Audited Financial Statement |
| Guarantor Entity Name | Exceptions to Non-Recourse Guaranty |
| Limited Partner Tax Credit Investor | Audited Financial Statement, Limited Partnership Agreement, Operating Agreement, Amended and Restated Limited Partnership Agreement or Organizational Chart |
| Limited Partner Equity Investment | Audited Financial Statement, Limited Partnership Agreement, Amended and Restated Limited Partnership Agreement or Operating Agreement |

---

**Exhibit 1 to Attachment A**<br> Page 4 of 12<br>

**<u>Loan Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Originator | Funding Loan Agreement, Multifamily Note, Lease Agreement or Notice of Conversion |
| Loan Purpose (New Construction or Rehabilitation) | Conversion Credit Memo or Credit Memo |
| Closing Date or Conversion Date | Notice of Conversion or Multifamily Note |
| Original Permanent Loan Amount | Notice of Conversion, Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement, Transaction Summary Memo or Conversion Certificate |
| Cut-Off Date Loan Amount | Servicer Balance Statement |
| Gross Interest Rate | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement, Transaction Summary Memo, Borrower Loan Agreement or Trust Indenture |
| Loan Amortization Type | Notice of Conversion, Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement or Transaction Summary Memo |
| Monthly Debt Service Amount (IO) | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement, Notice of Conversion, Transaction Summary Memo or Amortization Schedule |
| Monthly Debt Service Amount (Amortizing) | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement, Notice of Conversion, Transaction Summary Memo or Amortization Schedule |
| First Payment Date | Notice of Conversion, Multifamily Note or Amendment or Allonge to Multifamily Note |
| Payment Date | Notice of Conversion, Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement or Transaction Summary Memo |
| Maturity Date | Notice of Conversion, Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement or Transaction Summary Memo |
| Number of Properties | Borrower Loan Agreement |
| Security Type | Borrower Loan Agreement, Trust Indenture, Bond Specimen or Master Pledge Agreement |

---

**Exhibit 1 to Attachment A**<br> Page 5 of 12<br>

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Mandatory Prepayment Date | Notice of Conversion, Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement, Transaction Summary Memo, Notice of Prepayment or Loan and Security Agreement |
| Accrual Basis | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement, Transaction Summary Memo or Loan and Security Agreement |
| Late Charge Grace Period | Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Prepayment Provision | Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Lockout Begin Date | Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Lockout End Date | Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Yield Maintenance Beg Date | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Yield Maintenance End Date | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Prepay Penalty Begin Date | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Open Period Begin Date | Multifamily Note, Amendment or Allonge to Multifamily Note, Lease Agreement or Loan and Security Agreement |
| Title Vesting (Fee/Leasehold/Both) | Title Policy or Leasehold Multifamily Mortgage, Assignment of Rents, Security Agreement and Fixture Filing |
| Lien Position | Title Policy |
| Ground Lease Maturity Date (Description or N/A) | Ground Lease Agreement, Lease Agreement or Ground Lease Estoppel |
| Additional Financing In Place (existing) (Y/N) | Subordinate Financing Agreement, Intercreditor Agreement, Borrower Loan Agreement, Title Policy or Audited Financial Statement |
| Additional Financing Amount (existing) | Subordinate Financing Agreement, Intercreditor Agreement, Borrower Loan Agreement, Title Policy or Audited Financial Statement |
| Additional Financing Description (existing) | Subordinate Financing Agreement, Intercreditor Agreement, Borrower Loan Agreement, Title Policy or Audited Financial Statement |

---

**Exhibit 1 to Attachment A**<br> Page 6 of 12<br>

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

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Tax Escrow (Initial) | Servicer Balance Statement |
| Tax Escrow (Monthly) | Servicer Balance Statement |
| Tax Escrow (Current Balance) | Servicer Balance Statement |
| Insurance Escrow (Initial) | Servicer Balance Statement |
| Insurance Escrow (Monthly) | Servicer Balance Statement |
| Insurance Escrow (Current Balance) | Servicer Balance Statement |
| Replacement Reserve (Initial) | Servicer Balance Statement |
| Replacement Reserve (Monthly) | Servicer Balance Statement |
| Replacement Reserve (Current Balance) | Servicer Balance Statement |
| Other Escrow (Initial) | Servicer Balance Statement |
| Other Escrow (Monthly) | Servicer Balance Statement |
| Other Escrow (Current Balance) | Servicer Balance Statement |
| Other Escrow Reserve Description | Servicer Balance Statement |
| Other Escrow 2 (Initial) | Servicer Balance Statement |
| Other Escrow 2 (Monthly) | Servicer Balance Statement |
| Other Escrow 2 (Current Balance) | Servicer Balance Statement |
| Other Escrow Reserve 2 Description | Servicer Balance Statement |
| Operating Deficit Reserve Balance | Servicer Balance Statement, Audited Financial Statement, Limited Partnership Agreement or Operating Agreement |
| Operating Deficit Reserve Balance As of Date | Servicer Balance Statement, Audited Financial Statement, Limited Partnership Agreement or Operating Agreement |
| Operating Deficit Reserve Type | Servicer Balance Statement, Audited Financial Statement, Limited Partnership Agreement or Operating Agreement |
| Additional Operating Deficit Funding Available (Y/N) | Audited Financial Statement, Limited Partnership Agreement or Operating Agreement |

---

**Exhibit 1 to Attachment A**<br> Page 7 of 12<br>

**<u>Regulatory Agreement Information</u>:**

---

| | |
|:---|:---|
| **<u>Characteristic</u>** | **<u>Source Document(s)</u>** |
| Type of Regulatory Agreement(s) | Regulatory Agreement, HAP Contract or Tax Credit Application |
| Description of Regulatory Agreement(s) | Regulatory Agreement, HAP Contract, Tax Credit Application, Form 8609 or Affordable Restrictions Summary |
| Number of LIHTC Units | Regulatory Agreement, Tax Credit Application or Affordable Restrictions Summary |
| Rental/Income/Age Restrictions (Y/N) | Regulatory Agreement or Tax Credit Application |
| Governmental Lender | Funding Loan Agreement or Trust Indenture |
| Fiscal Agent/Trustee Name | Funding Loan Agreement or Trust Indenture |
| Annual Fiscal Agent/Trustee Fee ($) | Funding Loan Agreement, Trust Indenture or Schedule of Fees |
| Annual Fiscal Agent/Trustee Fee Payment Date | Funding Loan Agreement, Trust Indenture, Borrower Loan Agreement or Regulatory Agreement |
| First Annual Fiscal Agent/Trustee Fee Payment Date | Funding Loan Agreement, Trust Indenture, Borrower Loan Agreement or Regulatory Agreement |
| Annual Governmental Lender Fee (or Monitoring Fee, Issuer Fee, or other equivalent ongoing fee) | Funding Loan Agreement, Trust Indenture, Borrower Loan Agreement or Regulatory Agreement |
| First Year of Credits | Form 8609 |
| REAC Score | HUD REAC Physical Inspection Report, Inspection Summary Report or NSPIRE Report |

---

**Exhibit 1 to Attachment A**<br> Page 8 of 12<br>

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

1. For the purpose of comparing the "Street Address" characteristic, the Depositor instructed us to ignore differences that
are due to standard postal abbreviations.

2. For the purpose of comparing the "PML / SEL %" characteristic, the Depositor instructed us to perform procedures only
for the Properties (if any) that contained a seismic evaluation report Source Document in the related loan file. For any Property on the
Preliminary Data File that does not contain a seismic evaluation report Source Document in the related loan file, the Depositor instructed
us to use "N/A" for the "PML / SEL %" characteristic.<br>

3. For the purpose of comparing the "Total Units" characteristic, the Depositor instructed us to only include the residential
units at the Property associated with each Loan, as shown in the applicable Source Document(s).

4. For the purpose of comparing the "Monthly Rent Per Unit" characteristic, the Depositor instructed us to use:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Market rents for vacant, admin, model, leasing office or "down" units,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. In-place rents plus employee concessions for manager/employee units and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. In-place rents plus subsidized rents for occupied units,

as shown in the applicable Source Document, and to ignore differences of +/- $1 or less.

5. For the purpose of comparing the "Occupancy As of Date" characteristic, the Depositor instructed us to use the last day
of the applicable month if the applicable Source Document only indicated the month and year.

6. For the purpose of comparing the "Most Recent Occupancy %" characteristic, the Depositor instructed us to include occupied,
admin, model, leasing office and manager/employee units as occupied and to include vacant and "down" units as vacant, as shown
in the applicable Source Document.

7. For the purpose of comparing the "Low Income Units" and "Very Low Income Units" characteristics, the Depositor
instructed us to include units classified as restricted to tenants with incomes no greater than 80.0% of area median income as "Low
Income Units" and to include units classified as restricted to tenants with incomes no greater than 50.0% of area median income
as "Very Low Income Units," all as shown on the applicable Source Document(s).

8. 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 1 to Attachment A**<br> Page 9 of 12<br>

9. For the purpose of comparing the "Original Permanent Loan Amount," "Cut-Off Date Loan Amount" and "Monthly
Debt Service Amount (Amortizing)" characteristics for any Participation Interest Loan, the Depositor instructed us to use the values
related to the respective whole loan associated with the Participation Interest Loan, as shown in the applicable Source Document(s).

10. For the purpose of comparing the "Monthly Debt Service Amount (IO)" characteristic for any:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Loan for which the "Loan Amortization Type" characteristic, as shown on the Preliminary Data File, is "Interest
Only" (each, an "Interest Only Loan") or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Loan for which the "Loan Amortization Type" characteristic, as shown on the Preliminary Data File, is "Partial IO"
(each, a "Partial IO Loan"),

and which has an "Accrual Basis" of "30/360," as shown on the Preliminary Data File, the Depositor instructed us to recalculate the "Monthly Debt Service Amount (IO)" characteristic as 1/12<sup>th</sup> of the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The "Original Permanent Loan Amount," as shown on the Preliminary Data File, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. The "Gross Interest Rate," as shown on the Preliminary Data File.

For the purpose of comparing the "Monthly Debt Service Amount (IO)" characteristic for any Interest Only Loan or Partial IO Loan which has an "Accrual Basis" of "Actual/360," as shown on the Preliminary Data File, the Depositor instructed us to recalculate the "Monthly Debt Service Amount (IO)" characteristic as 1/12<sup>th</sup> of the product of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Original Permanent Loan Amount," as shown on the Preliminary Data File,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The "Gross Interest Rate," as shown on the Preliminary Data File, and

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

For any Interest Only Loan, the Depositor instructed us to use the "Monthly Debt Service Amount (IO)," as shown on the Preliminary Data File, for the "Monthly Debt Service Amount (Amortizing)" characteristic.

For any Loan for which the "Loan Amortization Type" is "Balloon" (each, a "Balloon Loan") or "Fully Amortizing" (each, a "Fully Amortizing Loan"), as shown on the Preliminary Data File, the Depositor instructed us to use "N/A" for the "Monthly Debt Service Amount (IO)" characteristic.

11. For the purpose of comparing the "Lockout Begin Date" characteristic for any Loan for which the "Prepayment
Provision" is "Lockout Period then Greater of YM or 1%," "Lockout then Declining Prepayment Premium" or "Lockout
Period," the Depositor instructed us to use the related "Closing Date or Conversion Date," as shown on the Preliminary
Data File.

**Exhibit 1 to Attachment A**<br> Page 10 of 12<br>

12. For certain loans, the applicable Source Document(s) may contain the following language:

*"Lock-Out Period" means the tenth (10th) anniversary of the Conversion Date."*

For the purpose of comparing the "Lockout Begin Date" characteristic for any Loan which contains the language described above in the applicable Source Document(s), the Depositor instructed us to use the "Closing Date or Conversion Date," as shown on the Preliminary Data File.

For the purpose of comparing the "Lockout End Date" characteristic for any Loan which contains the language described above in the applicable Source Document(s), the Depositor instructed us to use the 10th anniversary of the "Closing Date or Conversion Date," as shown on the Preliminary Data File.

13. For the purpose of comparing the "Yield Maintenance Beg Date" and "Prepay Penalty Begin Date" characteristics
for any Loan for which the "Prepayment Provision" is "Greater of YM or 1%," the Depositor instructed us to
use the related "Closing Date or Conversion Date," as shown on the Preliminary Data File.

For the purpose of comparing the "Yield Maintenance Beg Date" and "Prepay Penalty Begin Date" characteristics for any Loan for which the "Prepayment Provision" is "Lockout Period then Greater of YM or 1%," the Depositor instructed us to use the day following the "Lockout End Date," as shown on the Preliminary Data File.

For the purpose of comparing the "Prepay Penalty Begin Date" characteristic for any Loan for which the "Prepayment Provision" is "Lockout then Declining Prepayment Premium," the Depositor instructed us to use the day following the "Lockout End Date," as shown on the Preliminary Data File.

For the purpose of comparing the "Yield Maintenance Beg Date" characteristic for any Loan for which the "Prepayment Provision" is "Lockout then Declining Prepayment Premium," the Depositor instructed us to use the "Prepay Penalty Begin Date," as shown on the Preliminary Date File.

For the purpose of comparing the "Yield Maintenance End Date" characteristic for any Loan for which the "Prepayment Provision" is "Lockout then Declining Prepayment Premium," the Depositor instructed us to use the last day in which a prepayment premium penalty is due, as described in the applicable Source Document(s).

**Exhibit 1 to Attachment A**<br> Page 11 of 12<br>

14. For certain Loans, the applicable Source Document(s) may contain one of the following sentences:

*"If the prepayment is made at any time after the date of this Note and before the end of the Prepayment Premium Period (the "Yield Maintenance Period End Date")"*

 

*"If the prepayment is made at any time after the date of this Note and before last day of Prepayment Premium Period (the "Yield Maintenance Period End Date")"*

 

For the purpose of comparing the "Yield Maintenance End Date" characteristic for any Loan which contains any of the language described above in the applicable Source Document(s), the Depositor instructed us to assume that the last day of the "Prepayment Premium Period" is the "Yield Maintenance End Date," as described in the applicable Source Document(s).

15. For certain Loans, the applicable Source Document(s) may contain the following language:

*"Notwithstanding the provisions of Section 10 of this Note, no prepayment premium shall be payable with respect to any prepayment made on or after the Yield Maintenance Period End Date."*

 

For the purpose of comparing the "Open Period Begin Date" characteristic for any Loan which contains the language described above in the applicable Source Document(s), the Depositor instructed us to use the day following the "Yield Maintenance Period End Date," as described in the applicable Source Document(s).

16. For the purpose of comparing certain Compared Characteristics, the Depositor instructed us to use certain Microsoft Excel file(s)
in the table below as the Source Document(s), which were provided by the Depositor on the date listed in the table below.

---

| | | |
|:---|:---|:---|
| **<u>Source Document</u>** | **<u>Microsoft Excel File Name</u>** | **<u>Date File Received</u>** |
| Servicer Insurance Assessment | CMFA 2026-1_Insurance Tape_12.11.2025.xlsx | 13 December 2025 |
| Servicer Occupancy Report | CMFA 2026-1 SOR _2025.12.01.xlsx | 12 December 2025 |
| Tenant to Market Rent Schedule | CMFA 2026-1_Tenant Rent to Market Working_1.29.2026.xlsx | 30 January 2026 |
| Annualized Financial Analysis Report | CMFA 2026-1_LTM Financials_1.12.2026.xlsx | 12 January 2026 |
| Servicer Balance Statement | CMFA 2026-1_Servicer Balances_Mar 2026_v3.xlsx | 30 January 2026 |
| HUD REAC Physical Inspection Report | multifamily_physical_inspection_scores_08252025 (1).xlsx | 15 December 2025 |

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**Exhibit 1 to Attachment A**<br> Page 12 of 12<br>

17. For any Loan listed in the table below, the Depositor instructed us to use the value, as shown on the Preliminary Data File, for the
applicable characteristic listed in the table below, even if the information on the Preliminary Data File did not agree with the corresponding
information that was shown in the applicable Source Document(s) or the applicable Source Document(s) were not provided to us.

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| | |
|:---|:---|
| **<u>Loan</u>** | **<u>Characteristic</u>** |
| Terracina at Whitney Ranch | First Year of Credits |
| Vintage at Woodman Apartments | First Year of Credits |
| Grand & Linden Family Apartments | First Year of Credits |
| Little Tokyo Towers | First Year of Credits |
| Gerald Ford Apartments | First Year of Credits |
| Village at Santa Teresa | First Year of Credits |
| Royal Oak Village | First Year of Credits |
| Westview House | First Year of Credits |
| Morningstar Apartments | First Year of Credits |
| San Martin de Porres Apartments | First Year of Credits |

---

We performed no procedures to determine the appropriateness, accuracy, completeness or reasonableness of the (a) information described in the table above, as shown on the Preliminary Data File, or (b) instruction(s) provided by the Depositor, described in this Note.

18. For the purpose of comparing the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Monthly Debt Service Amount (Amortizing),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Yield Maintenance End Date and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Open Period Begin Date

characteristics for the Bond identified on the Preliminary Data File as "Chico Courtyards," the Depositor instructed us to ignore any reference to "Rate Reset Date" and "Reset Interest Rate," as defined in the applicable Source Document(s).

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 2 to Attachment A**<br>

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

---

| |
|:---|
| **<u>Characteristic</u>** |
| Property Name |
| Loan No. |
| Berkadia Loan Number |
| Fixed Expense Rate |
| Engineering Escrow/Deferred Maintenance |
| Single Asset Entity (Y/N) |
| Crossed Loans (Y/N) |
| Forbearance, Loan Modification or other Debt Service Relief Requested (Y/N) |
| Citi Equity (Y/N) |
| Footnotes |
| Rounding Rate Methodology |
| Non-Securitized Participation Interest |

---

---

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

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