# EDGAR Filing Document

**Accession Number:** 0002131428
**File Stem:** 0001539497-26-001365
**Filing Date:** 2026-5
**Character Count:** 77843
**Document Hash:** 02d747de124150989018da7a1c9d14ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-001365.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001539497-26-001365

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260508

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

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFP 2026-14, Ltd.
- **CENTRAL INDEX KEY:** 0002131428

**ORGANIZATION NAME:**
- **EIN:** 981931437
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08481
- **FILM NUMBER:** 26958783

**BUSINESS ADDRESS:**
- **STREET 1:** C/O PRIME FINANCE
- **STREET 2:** 600 MONTGOMERY STREET, SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** 415-445-8576

**MAIL ADDRESS:**
- **STREET 1:** C/O PRIME FINANCE
- **STREET 2:** 600 MONTGOMERY STREET, SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFP 2026-14, Ltd.
- **CENTRAL INDEX KEY:** 0002131428

**ORGANIZATION NAME:**
- **EIN:** 981931437
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** C/O PRIME FINANCE
- **STREET 2:** 600 MONTGOMERY STREET, SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** 415-445-8576

**MAIL ADDRESS:**
- **STREET 1:** C/O PRIME FINANCE
- **STREET 2:** 600 MONTGOMERY STREET, SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFP 2026-14, Ltd.
- **CENTRAL INDEX KEY:** 0002131428

**ORGANIZATION NAME:**
- **EIN:** 981931437
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** C/O PRIME FINANCE
- **STREET 2:** 600 MONTGOMERY STREET, SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** 415-445-8576

**MAIL ADDRESS:**
- **STREET 1:** C/O PRIME FINANCE
- **STREET 2:** 600 MONTGOMERY STREET, SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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

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| |
|:---|
| &nbsp;&nbsp;<u> </u> to<u> </u> |
| &nbsp;&nbsp;Date of Report (Date of earliest event reported) <u> </u> |
| &nbsp;&nbsp;Commission File Number of securitizer: <u> </u> |
| &nbsp;&nbsp;Central Index Key Number of securitizer: <u> </u> |
| &nbsp;&nbsp;Name and telephone number, including area code, of the person to |
| &nbsp;&nbsp;contact in connection with this filing. |
| &nbsp;&nbsp;Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [ ] |
| &nbsp;&nbsp;Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [ ] |
| &nbsp;&nbsp;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)

<u>PFP 2026-14, Ltd. and PFP 2026-14, LLC</u>

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

Central Index Key Number of issuing entity (if applicable): 0002131428

Central Index Key Number of issuing entity (if applicable): 0002130788

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

<u>Jon Brayshaw (212) 231-9071</u>

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

**<u>INFORMATION TO BE INCLUDED IN THE REPORT</u>**

**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 attached Report of Independent Accountants on Applying Agreed-Upon Procedures, dated May 8, 2026, which was obtained by the addressee thereof, 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 May 8, 2026

**<u>SIGNATURES</u>**

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: May 8, 2026

PFP 2026-14, Ltd.

/s/ Jon W. Brayshaw

Jon W. Brayshaw, Director

**EXHIBIT INDEX**

Exhibit Number Description <br>Exhibit 99.1 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated May 8, 2026

## Exhibit 99.1

**Exhibit 99.1**

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| | |
|:---|:---|
| ![](deloittelogo.jpg) | **Deloitte & Touche LLP**<br> Suite 301<br> Harborside Plaza 10<br> Jersey City, NJ 07311<br> USA<br>Tel: +1 212 937 8200<br>www.deloitte.com<br>|

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Prime Finance

1330 Avenue of the Americas, Suite 2500

New York, New York 10019

**Independent Accountants' Report**

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

We have performed the procedures described below, related to certain information with respect to a portfolio of commercial mortgage loans in connection with the proposed offering of a commercial loan obligation transaction by PFP 2026-14, Ltd. and PFP 2026-14, LLC. Prime Finance (the **"Company"**) is responsible for the information provided to us, including the information set forth in the Data File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Data File. Additionally, PFP 2026-14, Ltd., PFP 2026-14, LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Capital One Securities, Inc., Nomura Securities International, Inc. and Performance Trust Capital Partners, LLC (collectively with the Company, the **"Specified Parties"**) have agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. 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. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

We performed certain procedures on earlier versions of the Data File and communicated differences prior to being provided the final Data File which was subjected to the procedures described below.

Capitalized terms used but not defined herein are used with the meanings as described in "The Bond Market Association's Standard Formulas for the Analysis of Mortgage-Backed Securities and Other Related Securities."

**<u>Procedures and Findings</u>**

On May 8, 2026, representatives of the Company provided us with a computer-generated mortgage loan data file and related record layout (the **"Data File"**) containing certain information with respect to 30 mortgage loans secured by 32 mortgaged properties (the **"Collateral Interests"**).

From March 31, 2026 through May 8, 2026, representatives of the Company provided us with certain loan and property documentation (the **"Source Documents"** as listed in the attached Appendix A) related to the Collateral Interests.

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|:---|
| **Member of** |
| Deloitte Touche Tohmatsu Limited |

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At your request, for each of the Collateral Interests set forth on the Data File, we compared certain characteristics set forth on the Data File (the **"Characteristics"** as listed in Appendix A), except for those Characteristics identified on Appendix A as "None – Company Provided" or "Not applicable," to the corresponding information set forth on or derived from the corresponding Source Documents and found them to be in agreement.

We did not perform any procedures with respect to the Characteristics associated with the Source Documents for the related Collateral Interests that were not provided to us by representatives of the Company (the **"Missing Source Documents"**), as indicated on the attached Appendix B. Further, for purposes of any recalculations which may include such Characteristics associated with the Missing Source Documents, we were instructed by the representatives of the Company to use the provided information set forth on the Data File for such recalculations. Further, we did not perform any procedures, except for certain recalculations, with respect to the Collateral Interests identified on the Data File as "Senna Canyon Trails," "Claret Village," "551 North," "Sacramento Just Storage & Retail," "The Astir," "Swedesford Park" and "Arbor at Takoma" (collectively, the **"Delayed Close Collateral Interests"**). For purposes of our recalculations with respect to the Delayed Close Collateral Interests, we were instructed by representatives of the Company to use the provided information set forth on the Data File for such recalculations.

\*\*\*\*\*\*

We make no representations as to (i) the actual characteristics or existence of the underlying documents or data comprising the Collateral Interests underlying the Data File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) whether the Source Documents are comprehensive and valid instruments and reflect the current prevailing terms with respect to the corresponding Collateral Interests, (iii) the existence or ownership of the Collateral Interests or (iv) the reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events or circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants (**"AICPA"**). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has 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 conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Data File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company 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 procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the Collateral Interests to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such Collateral Interests or (iii) compliance of the originators of the Collateral Interests with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

May 8, 2026

**Appendix A**

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

For purposes of performing the agreed-upon procedures described herein and at your request, we relied upon the following source documents as provided to us by the Company, with respect to each of the Collateral Interests (the **"Source Documents"**):

· Loan agreement and associated amendments thereto, promissory note, mortgage deed
of trust, management agreement, participation agreement, minimum interest calculation spreadsheet or servicer billing statements (collectively,
the **"Loan Agreement"**);

· Interest rate cap agreement (the **"Interest Rate Cap Agreement"**);

· Real estate property appraisal report (the **"Appraisal Report"**);

· Borrower rent roll, underwritten rent roll, tenant lease, lease abstract, lease
summary, lease estoppel or STR Global's monthly STAR report (collectively, the **"Rent Roll"**);

· The settlement or closing statement, additional funding statement or additional
funding memo (collectively, the **"Settlement Statement"**);

· Electronic Underwritten Model (the **"Underwriting Model"**);

· Title policy or pro-forma title policy (collectively, the **"Title Policy"**);

· The guaranty agreement, completion guaranty or environmental indemnity agreement
(collectively, the **"Guaranty"**);

· Ground lease and/or ground lease estoppel (collectively, the **"Ground Lease"**);

· Cash management agreement and/or lockbox agreement (collectively, the **"CMA"**);

· Servicer report and record and provided electronic file and remittance report (collectively,
the **"Servicer Report"**);

· Property condition report (the **"Property Condition Report"**);

· Environmental Site Assessment Phase I environmental report (the **"ESA Phase I Report"**);

· Seismic report (the **"Seismic Report"**);

· Property Hazard and Liability Insurance Certificate (the **"Insurance Certificate"**);

· Property management agreement (the **"Management Agreement"**);

· Minimum return model (the **"Minimum Return Model"**); and

· Asset summary report (the **"ASR"**).

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Collateral Interest Number | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Collateral Interest Type | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;Collateral Interest Status | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Collateral Interest / Property Flag | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;5 | &nbsp;&nbsp;# of Properties | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;6 | &nbsp;&nbsp;Collateral Interest/Mortgaged Property Name | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;7 | &nbsp;&nbsp;Cross Collateralized and Cross Defaulted Loan Flag | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;8 | &nbsp;&nbsp;Property Address | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;9 | &nbsp;&nbsp;City | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;13 | &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;14 | &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;15 | &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;Specific Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;17 | &nbsp;&nbsp;Number of Units | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;21 | &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Title Policy |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Settlement Statement |
| &nbsp;&nbsp;23 | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;26 | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance / Unit ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;27 | &nbsp;&nbsp;Mortgage Loan Initial Funded Amount ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Mortgage Loan Initial Unfunded Future Funding Amount ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;29 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance / Unit ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Future Funding Advance Conditions | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Mortgage Loan Balloon Balance ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Mortgage Loan Balloon Balance / Unit ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Aggregate Collateral Interest Cut-off Date Balance % | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Collateral Interest Balloon Balance ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Pari Passu Funded Amount | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;Pari Passu Balance in Other Securitization | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;48 | &nbsp;&nbsp;Index | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Index Rate Assumption | &nbsp;&nbsp;None - Company Provided |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;Mortgage Loan Margin | &nbsp;&nbsp;Loan Agreement |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Interest Rate | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Mortgage Loan Margin Change (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;53 | &nbsp;&nbsp;Mortgage Loan Margin Change Description | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Mortgage Loan Rate Cap | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;55 | &nbsp;&nbsp;Mortgage Loan Rate Floor | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;56 | &nbsp;&nbsp;Mortgage Loan Index Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;Mortgage Loan Index Cap | &nbsp;&nbsp;Loan Agreement/Interest Rate Cap Agreement |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;Mortgage Loan Index Cap Termination Date | &nbsp;&nbsp;Loan Agreement/Interest Rate Cap Agreement |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;Mortgage Loan Index Cap Provider | &nbsp;&nbsp;Loan Agreement/Interest Rate Cap Agreement |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;Collateral Interest Margin | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;Collateral Interest Cut-off Date Interest Rate | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;Junior Participation Cut-off Date Balance | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;Junior Participation Balloon Payment ($) | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;Junior Participation Cut-off Date Margin | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;Junior Participation Cut-off Date Interest Rate | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;67 | &nbsp;&nbsp;Amortization Type During Initial Term | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;Initial IO Period | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;Initial IO Period (Remaining) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;Original Loan Term (Initial) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;71 | &nbsp;&nbsp;Original Loan Term (Remaining) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;ARD Loan (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Initial Maturity Date or Anticipated Repayment Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Seasoning (months) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Extension Options (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Extension Options Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;Amortization Type During Extensions | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;78 | &nbsp;&nbsp;First Extension Period (months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;First Extension Fee | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;First Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;First Extension Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;First Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;83 | &nbsp;&nbsp;Second Extension Period (months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;84 | &nbsp;&nbsp;Second Extension Fee | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;Second Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;Second Extension Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;Second Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;Third Extension Period (months) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Third Extension Fee | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;90 | &nbsp;&nbsp;Third Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Third Extension Floor | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;92 | &nbsp;&nbsp;Third Extension Cap | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;93 | &nbsp;&nbsp;Fully Extended Loan Term (Initial) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;Fully Extended Loan Term (Remaining) | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;Fully Extended Maturity Date | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;96 | &nbsp;&nbsp;Third Most Recent As Of Period | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;Third Most Recent Revenues | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;98 | &nbsp;&nbsp;Third Most Recent Expenses | &nbsp;&nbsp;Underwriting Model |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;Third Most Recent NOI | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Third Most Recent NCF | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;101 | &nbsp;&nbsp;Second Most Recent As Of Period | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;102 | &nbsp;&nbsp;Second Most Recent Revenues | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;Second Most Recent Expenses | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Second Most Recent NOI | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;105 | &nbsp;&nbsp;Second Most Recent NCF | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;Most Recent As Of Period | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;Most Recent Revenues | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;108 | &nbsp;&nbsp;Most Recent Expenses | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;110 | &nbsp;&nbsp;Most Recent NCF | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;111 | &nbsp;&nbsp;Mortgage Loan Most Recent NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Mortgage Loan Most Recent NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;113 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;114 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Collateral Interest Most Recent NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Collateral Interest Most Recent NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;117 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;118 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;119 | &nbsp;&nbsp;Underwritten Occupancy (%) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;Underwritten Revenues ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;Underwritten Expenses ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;Underwritten NOI ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;123 | &nbsp;&nbsp;Underwritten Reserves ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Underwritten NCF ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;125 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;126 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;127 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;128 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;130 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;131 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;132 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;Underwritten Stabilized Occupancy (%) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Underwritten Stabilized Revenues ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;135 | &nbsp;&nbsp;Underwritten Stabilized Expenses ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;136 | &nbsp;&nbsp;Underwritten Stabilized NOI ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;137 | &nbsp;&nbsp;Underwritten Stabilized Reserves ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;138 | &nbsp;&nbsp;Underwritten Stabilized NCF ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;141 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;142 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;144 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;145 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;146 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Appraisal Stabilized Occupancy (%) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;148 | &nbsp;&nbsp;Appraisal Stabilized Revenues ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;149 | &nbsp;&nbsp;Appraisal Stabilized Expenses ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;Appraisal Stabilized NOI ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;151 | &nbsp;&nbsp;Appraisal Stabilized Reserves ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;152 | &nbsp;&nbsp;Appraisal Stabilized NCF ($) | &nbsp;&nbsp;Underwriting Model |
| &nbsp;&nbsp;153 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;154 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;155 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;157 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;158 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;159 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;160 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;161 | &nbsp;&nbsp;Recourse | &nbsp;&nbsp;Guaranty |
| &nbsp;&nbsp;162 | &nbsp;&nbsp;Recourse Provisions | &nbsp;&nbsp;Guaranty |
| &nbsp;&nbsp;163 | &nbsp;&nbsp;Recourse Carveout Guarantor | &nbsp;&nbsp;Guaranty |
| &nbsp;&nbsp;164 | &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;Guaranty/ASR |
| &nbsp;&nbsp;165 | &nbsp;&nbsp;Affiliated Sponsor (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;166 | &nbsp;&nbsp;Tenants-in-common (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;167 | &nbsp;&nbsp;Ground Lease (Y/N) | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;168 | &nbsp;&nbsp;Annual Ground Lease Payment ($) | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;169 | &nbsp;&nbsp;Ground Lease Initial Expiration Date | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;170 | &nbsp;&nbsp;Ground Lease Extension (Y/N) | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;171 | &nbsp;&nbsp;# of Ground Lease Extension Options | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;172 | &nbsp;&nbsp;Ground Lease Expiration Date with Extensions | &nbsp;&nbsp;Ground Lease |
| &nbsp;&nbsp;173 | &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Property Condition Report |
| &nbsp;&nbsp;174 | &nbsp;&nbsp;Environmental Report Date (Phase I) | &nbsp;&nbsp;ESA Phase I Report |
| &nbsp;&nbsp;175 | &nbsp;&nbsp;Environmental Report Date (Phase II) | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;176 | &nbsp;&nbsp;Environmental Insurance (Y/N) | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;177 | &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report / Property Condition Report |
| &nbsp;&nbsp;178 | &nbsp;&nbsp;Seismic PML % | &nbsp;&nbsp;Seismic Report / Property Condition Report |
| &nbsp;&nbsp;179 | &nbsp;&nbsp;Seismic Insurance Obtained if PML >= 20% (Y/N) | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;180 | &nbsp;&nbsp;Lockbox Type | &nbsp;&nbsp;Loan Agreement / CMA |
| &nbsp;&nbsp;181 | &nbsp;&nbsp;Cash Management Type | &nbsp;&nbsp;Loan Agreement / CMA |
| &nbsp;&nbsp;182 | &nbsp;&nbsp;Cash Management Trigger Event | &nbsp;&nbsp;Loan Agreement / CMA |
| &nbsp;&nbsp;183 | &nbsp;&nbsp;Tax Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;184 | &nbsp;&nbsp;Tax Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;185 | &nbsp;&nbsp;Tax Escrow (Monthly)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;186 | &nbsp;&nbsp;Springing Tax Escrow Description | &nbsp;&nbsp;Loan Agreement |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;187 | &nbsp;&nbsp;Insurance Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;188 | &nbsp;&nbsp;Insurance Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;189 | &nbsp;&nbsp;Insurance Escrow (Monthly)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;190 | &nbsp;&nbsp;Springing Insurance Escrow Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;191 | &nbsp;&nbsp;Replacement Reserve (Upfront)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;192 | &nbsp;&nbsp;Replacement Reserve (Cut-off Date)($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;193 | &nbsp;&nbsp;Replacement Reserve (Monthly)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;194 | &nbsp;&nbsp;Replacement Reserve Cap($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;195 | &nbsp;&nbsp;Springing Replacement Reserve Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;196 | &nbsp;&nbsp;TI/LC Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;197 | &nbsp;&nbsp;TI/LC Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;198 | &nbsp;&nbsp;TI/LC Reserve (Monthly)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;199 | &nbsp;&nbsp;TI/LC Reserve Cap($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;200 | &nbsp;&nbsp;Springing TI/LC Reserve Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;201 | &nbsp;&nbsp;Environmental Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;202 | &nbsp;&nbsp;Environmental Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;203 | &nbsp;&nbsp;Upfront Engineering/Deferred Maintenance Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;204 | &nbsp;&nbsp;Upfront Engineering/Deferred Maintenance Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;205 | &nbsp;&nbsp;Debt Service Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;206 | &nbsp;&nbsp;Debt Service Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;207 | &nbsp;&nbsp;Debt Service Reserve (Monthly)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;208 | &nbsp;&nbsp;Debt Service Reserve Cap($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;209 | &nbsp;&nbsp;Springing Debt Service Reserve Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;210 | &nbsp;&nbsp;Other Reserves (Upfront)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;211 | &nbsp;&nbsp;Other Reserves (Cut-Off Date)($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;212 | &nbsp;&nbsp;Other Reserves (Monthly)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;213 | &nbsp;&nbsp;Other Reserves Cap ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;214 | &nbsp;&nbsp;Other Reserves Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;215 | &nbsp;&nbsp;Other Reserves 2 (Upfront)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;216 | &nbsp;&nbsp;Other Reserves 2 (Cut-Off Date)($) | &nbsp;&nbsp;Servicer Report |
| &nbsp;&nbsp;217 | &nbsp;&nbsp;Other Reserves 2 (Monthly)($) | &nbsp;&nbsp;Loan Agreement / Settlement Statement |
| &nbsp;&nbsp;218 | &nbsp;&nbsp;Other Reserves 2 Cap ($) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;219 | &nbsp;&nbsp;Other Reserves 2 Description | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;220 | &nbsp;&nbsp;Subordinate Debt (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;221 | &nbsp;&nbsp;Subordinate Debt Type | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;222 | &nbsp;&nbsp;Subordinate Debt Margin | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;223 | &nbsp;&nbsp;Subordinate Debt Interest Rate | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;224 | &nbsp;&nbsp;Subordinate Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;225 | &nbsp;&nbsp;Total Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;226 | &nbsp;&nbsp;Total Debt Cut-off Date As-Is LTV | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;227 | &nbsp;&nbsp;Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;228 | &nbsp;&nbsp;Total Debt Cut-off Date UW NOI DY | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;229 | &nbsp;&nbsp;Future Debt Permitted (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;230 | &nbsp;&nbsp;Permitted Future Debt Type | &nbsp;&nbsp;Not applicable |
| &nbsp;&nbsp;231 | &nbsp;&nbsp;Grace Period Default (Days) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;232 | &nbsp;&nbsp;Grace Period Late (Days) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;233 | &nbsp;&nbsp;Initial Prepayment Provision | &nbsp;&nbsp;Loan Agreement/Minimum Return Model |
| &nbsp;&nbsp;234 | &nbsp;&nbsp;Remaining Call Protection (Cut-off Date) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;235 | &nbsp;&nbsp;Partial Release and/or Partial Prepayment (Y/N) | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;236 | &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Appraisal Report |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Count** | &nbsp;&nbsp;**Characteristic** | &nbsp;&nbsp;**Source Document** |
| &nbsp;&nbsp;237 | &nbsp;&nbsp;As-Is Appraisal Valuation Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;238 | &nbsp;&nbsp;As-Is Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;239 | &nbsp;&nbsp;Stabilized Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;240 | &nbsp;&nbsp;Appraisal Anticipated Stabilization Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;241 | &nbsp;&nbsp;Mortgage Loan Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;242 | &nbsp;&nbsp;Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;243 | &nbsp;&nbsp;Collateral Interest Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;244 | &nbsp;&nbsp;Collateral Interest Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;245 | &nbsp;&nbsp;Interest Accrual Basis | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;246 | &nbsp;&nbsp;Lookback Period | &nbsp;&nbsp;Loan Agreement |
| &nbsp;&nbsp;247 | &nbsp;&nbsp;Single-Tenant (Y/N) | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;248 | &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Management Agreement |
| &nbsp;&nbsp;249 | &nbsp;&nbsp;Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;250 | &nbsp;&nbsp;Largest Tenant Square Feet | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;251 | &nbsp;&nbsp;Largest Tenant Square Feet % | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;252 | &nbsp;&nbsp;Largest Tenant Expiration Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;253 | &nbsp;&nbsp;2nd Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;254 | &nbsp;&nbsp;2nd Largest Tenant Square Feet | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;255 | &nbsp;&nbsp;2nd Largest Tenant Square Feet % | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;256 | &nbsp;&nbsp;2nd Largest Tenant Expiration Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;257 | &nbsp;&nbsp;3rd Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;258 | &nbsp;&nbsp;3rd Largest Tenant Square Feet | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;259 | &nbsp;&nbsp;3rd Largest Tenant Square Feet % | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;260 | &nbsp;&nbsp;3rd Largest Tenant Expiration Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;261 | &nbsp;&nbsp;4th Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;262 | &nbsp;&nbsp;4th Largest Tenant Square Feet | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;263 | &nbsp;&nbsp;4th Largest Tenant Square Feet % | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;264 | &nbsp;&nbsp;4th Largest Tenant Expiration Date | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;265 | &nbsp;&nbsp;5th Largest Tenant Name | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;266 | &nbsp;&nbsp;5th Largest Tenant Square Feet | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;267 | &nbsp;&nbsp;5th Largest Tenant Square Feet % | &nbsp;&nbsp;Refer to calculation procedures |
| &nbsp;&nbsp;268 | &nbsp;&nbsp;5th Largest Tenant Expiration Date | &nbsp;&nbsp;Rent Roll |

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**<u>Calculation Procedures</u>**

With respect to Characteristic 26, we recomputed the Mortgage Loan Commitment Original Balance / Unit ($) by dividing the Mortgage Loan Commitment Original Balance ($) by the Number of Units. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 30, we recomputed the Mortgage Loan Cut-off Date Balance / Unit ($) by dividing the Mortgage Loan Cut-off Date Balance ($) by the Number of Units. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 33, we set the Mortgage Loan Balloon Balance ($) equal to the sum of Mortgage Loan Cut-off Date Balance ($) and Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($).

With respect to Characteristic 34, we recomputed the Mortgage Loan Balloon Balance / Unit ($) by dividing the Mortgage Loan Balloon Balance ($) by the Number of Units. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 35, we recomputed the Mortgage Loan Annual Debt Service Payment (IO) ($) as the product of (i) Mortgage Loan Cut-off Date Balance ($), (ii) Mortgage Loan Cut-off Date Interest Rate and (iii) a fraction equal to 365/360.

With respect to Characteristic 36, we set the Mortgage Loan Annual Debt Service Payment (P&I) ($) equal to the Mortgage Loan Annual Debt Service Payment (IO) ($).

With respect to Characteristic 37, we recomputed the Mortgage Loan Annual Debt Service Payment (Cap) ($) as the product of (i) Mortgage Loan Cut-off Date Balance ($), (ii) Mortgage Loan Rate Cap and (iii) a fraction equal to 365/360.

With respect to Characteristic 39, we recomputed the Aggregate Collateral Interest Cut-off Date Balance % by dividing the Collateral Interest Cut-off Date Balance ($) by the sum of the Collateral Interest Cut-off Date Balance ($) of all the Collateral Interests.

With respect to Characteristic 40, we set the Collateral Interest Balloon Balance ($) equal to the Collateral Interest Cut-off Date Balance ($).

With respect to Characteristic 41, we recalculated the Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) equal to the Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($).

With respect to Characteristic 42, we recomputed the Collateral Interest Annual Debt Service Payment (IO) ($) as the product of (i) Collateral Interest Cut-off Date Balance ($), (ii) Collateral Interest Cut-off Date Interest Rate and (iii) a fraction equal to 365/360.

With respect to Characteristic 43, we set the Collateral Interest Annual Debt Service Payment (P&I) ($) equal to the Collateral Interest Annual Debt Service Payment (IO) ($).

With respect to Characteristic 44, we recomputed the Collateral Interest Annual Debt Service Payment (Cap) ($) as the product of (i) Collateral Interest Cut-off Date Balance ($), (ii) Collateral Interest Rate Cap (as defined below) and (iii) a fraction equal to 365/360. The "Collateral Interest Rate Cap" is equal to the sum of Collateral Interest Margin and the Mortgage Loan Index Cap.

With respect to Characteristic 51, we recomputed the Mortgage Loan Cut-off Date Interest Rate as the sum of the Mortgage Loan Margin and Index Rate Assumption, subject to the Mortgage Loan Rate Floor.

With respect to Characteristic 54, we recomputed the Mortgage Loan Rate Cap as the sum of the Mortgage Loan Margin and the Mortgage Loan Index Cap.

With respect to Characteristic 55, we recomputed the Mortgage Loan Rate Floor as the sum of the Mortgage Loan Margin and the Mortgage Loan Index Floor.

With respect to Characteristic 61, we recomputed the Collateral Interest Cut-off Date Interest Rate as the sum of the Collateral Interest Margin and Index Rate Assumption, subject to the Mortgage Loan Index Floor.

With respect to Characteristic 69, we recomputed the Initial IO Period (Remaining) by subtracting the Seasoning (months) from the Initial IO Period (but to an amount not less than zero). This procedure was performed only for Collateral Interests with an Amortization Type During Initial Term of "Interest Only" or "Interest Only/Amortizing Balloon."

With respect to Characteristic 71, we recomputed the Original Loan Term (Remaining) by subtracting the Seasoning (months) from the Original Loan Term (Initial).

With respect to Characteristic 74, we recomputed the Seasoning (months) by determining the number of payment dates (not less than 0) from an inclusive of the First Payment Date to and inclusive of June 9, 2026 (the **"Cut-Off Date,"** as stipulated by representatives of the Company).

With respect to Characteristic 94, we recomputed the Fully Extended Loan Term (Remaining) by subtracting the Seasoning (months) from the Fully Extended Loan Term (Initial).

With respect to Characteristic 111, we recomputed the Mortgage Loan Most Recent NOI DSCR by dividing the (i) Most Recent NOI by (ii) Mortgage Loan Annual Debt Service Payment (IO) ($) for Collateral Interests with an Amortization Type During Initial Term of "Interest Only." For Collateral Interests with an Amortization Type During the Initial Term of "Fixed" or "Interest Only/Amortizing Balloon" we replaced clause (ii) of this procedure with the Mortgage Loan Annual Debt Service Payment (P&I) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NOI greater than $0.00.

With respect to Characteristic 112, we recomputed the Mortgage Loan Most Recent NCF DSCR by dividing the (i) Most Recent NCF by (ii) Mortgage Loan Annual Debt Service Payment (IO) ($) for Collateral Interests with an Amortization Type During Initial Term of "Interest Only," For Collateral Interests with an Amortization Type During the Initial Term of "Fixed" or "Interest Only/Amortizing Balloon" we replaced clause (ii) of this procedure with the Mortgage Loan Annual Debt Service Payment (P&I) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NCF greater than $0.00.

With respect to Characteristic 113, we recomputed the Cut-off Date Mortgage Loan Most Recent NOI Debt Yield by dividing the Most Recent NOI by the Mortgage Loan Cut-off Date Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NOI greater than $0.00.

With respect to Characteristic 114, we recomputed the Cut-off Date Mortgage Loan Most Recent NCF Debt Yield by dividing the Most Recent NCF by the Mortgage Loan Cut-off Date Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NCF greater than $0.00.

With respect to Characteristic 115, we recomputed the Collateral Interest Most Recent NOI DSCR by dividing the (i) Most Recent NOI by (ii) the sum of the (x) Collateral Interest Annual Debt Service Payment (IO) ($) and (y) Pari Passu Annual Debt Service (as defined below) (as applicable) for Collateral Interests with an Amortization Type During Initial Term of "Interest Only." For Collateral Interests with an Amortization Type During the Initial Term of "Fixed" or "Interest Only/Amortizing Balloon" we replaced clause (ii) of this procedure with the sum of the (x) Mortgage Loan Annual Debt Service Payment (P&I) ($) and (y) Pari Passu Annual Debt Service (as defined below) (as applicable). The **"Pari Passu Annual Debt Service"** is equal to the sum of (a) product of (i) Collateral Interest Cut-off Date Interest Rate, (ii) Pari Passu Funded Amount and (iii) a fraction equal to 365/360 and (b) any scheduled amortization payment as per the Loan Agreement, if applicable. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NOI greater than $0.00.

With respect to Characteristic 116, we recomputed the Collateral Interest Most Recent NCF DSCR by dividing the (i) Most Recent NCF by (ii) the sum of the (x) Collateral Interest Annual Debt Service Payment (IO) ($) and (y) Pari Passu Annual Debt Service (as applicable) for Collateral Interests with an Amortization Type During Initial Term of "Interest Only." For Collateral Interests with an Amortization Type During the Initial Term of "Fixed" or "Interest Only/Amortizing Balloon" we replaced clause (ii) of this procedure with the sum of the (x) Mortgage Loan Annual Debt Service Payment (P&I) ($) and (y) Pari Passu Annual Debt Service (as applicable). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NCF greater than $0.00.

With respect to Characteristic 117, we recomputed the Cut-off Date Collateral Interest Most Recent NOI Debt Yield by dividing the Most Recent NOI by the sum of the (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NOI greater than $0.

With respect to Characteristic 118, we recomputed the Cut-off Date Collateral Interest Most Recent NCF Debt Yield by dividing the Most Recent NCF by the sum of the (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with a Most Recent NCF greater than $0.00.

With respect to Characteristic 125, we recomputed the Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR by dividing the Underwritten NOI ($) by the (i) Mortgage Loan Annual Debt Service Payment (P&I) ($) or (ii) if the applicable Mortgage Loan Cut-off Date Interest Rate is greater than the applicable Mortgage Loan Rate Cap, the Mortgage Loan Annual Debt Service Payment (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). Further, with respect to the Collateral Interests identified on the Data File as "Senna at Canyon Trails," "King Arthur & Mountain Meadows," "Greyson Apartments," "Braxton Music City," "Olea eTown," "Arden at Kohler's Crossing," "Camp Creek" and "Arbor at Takoma" we did not perform such calculation and were instructed by representatives of the Company to set the Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR equal to 1.00. Lastly, we were instructed by representatives of the Company to set the Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR equal to 1.00, for all Collateral Interests with an Underwritten NOI ($) less than $0.00.

With respect to Characteristic 126, we recomputed the Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR by dividing the Underwritten NCF ($) by the (i) Mortgage Loan Annual Debt Service Payment (P&I) ($) or (ii) if the applicable Mortgage Loan Cut-off Date Interest Rate is greater than the applicable Mortgage Loan Rate Cap, the Mortgage Loan Annual Debt Service Payment (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, su ch Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). Further, with respect to the Collateral Interests identified on the Data File as "Senna at Canyon Trails," " King Arthur & Mountain Meadows," "Greyson Apartments," "Braxton Music City," "Olea eTown," "Arden at Kohler's Crossing," "Camp Creek," "The Pinnacle," "Sacramento Just Storage & Retail," "Ascent at Autumn Glen" and "Arbor at Takoma" we did not perform such calculation and were instructed by representatives of the Company to set the Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR equal to 1.00. Lastly, we were instructed by representatives of the Company to set the Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR equal to 1.00, for all Collateral Interests with an Underwritten NCF ($) less than $0.00.

With respect to Characteristic 127, we recomputed the Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield by dividing the Underwritten NOI ($) by the Mortgage Loan Cut-off Date Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with an Underwritten NOI ($) greater than $0.00.

With respect to Characteristic 128, we recomputed the Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield by dividing the Underwritten NCF ($) by the Mortgage Loan Cut-off Date Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with an Underwritten NCF ($) greater than $0.00.

With respect to Characteristic 129, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NOI DSCR by dividing the Underwritten NOI ($) by the sum of (i) Collateral Interest Annual Debt Service Payment (P&I) ($) and (ii) Pari Passu Annual Debt Service (as applicable) or (a) if the applicable Collateral Interest Cut-off Date Interest Rate is greater than the applicable Collateral Interest Rate Cap, the sum of (x) Collateral Interest Annual Debt Service Payment (Cap) ($) and (y) Pari Passu Annual Debt Service (Cap) (as defined below). The **"Pari Passu Annual Debt Service (Cap)"** is equal to the product of (i) Collateral Interest Rate Cap, (ii) Pari Passu Funded Amount and (iii) a fraction equal to 365/360. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). Further, with respect to the Collateral Interests identified on the Data File as "Senna at Canyon Trails," "King Arthur & Mountain Meadows," "Greyson Apartments," "Braxton Music City," "Olea eTown," "Arden at Kohler's Crossing," "Camp Creek" and "Arbor at Takoma" we did not perform such calculation and were instructed by representatives of the Company to set the Collateral Interest Cut-off Date Balance Underwritten NOI DSCR equal to 1.00. Lastly, we were instructed by representatives of the Company to set the Collateral Interest Cut-off Date Balance Underwritten NOI DSCR equal to 1.00, for all Collateral Interests with an Underwritten NOI ($) less than $0.00.

With respect to Characteristic 130, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NCF DSCR by dividing the Underwritten NCF ($) by the sum of (i) Collateral Interest Annual Debt Service Payment (P&I) ($) and (ii) Pari Passu Annual Debt Service (as applicable) or (a) if the applicable Collateral Interest Cut-off Date Interest Rate is greater than the applicable Collateral Interest Rate Cap, the sum of (x) Collateral Interest Annual Debt Service Payment (Cap) ($) and (y) Pari Passu Annual Debt Service (Cap). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). Further, with respect to the Collateral Interests identified on the Data File as "Senna at Canyon Trails," "King Arthur & Mountain Meadows," "Greyson Apartments," "Braxton Music City," "Olea eTown," "Arden at Kohler's Crossing," "Camp Creek," "The Pinnacle," "Sacramento Just Storage & Retail," "Ascent at Autumn Glen" and "Arbor at Takoma" we did not perform such calculation and were instructed by representatives of the Company to set the Collateral Interest Cut-off Date Balance Underwritten NCF DSCR equal to 1.00. Lastly, we were instructed by representatives of the Company to set the Collateral Interest Cut-off Date Balance Underwritten NCF DSCR equal to 1.00, for all Collateral Interests with an Underwritten NCF ($) less than $0.00.

With respect to Characteristic 131, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield by dividing the Underwritten NOI ($) by the sum of the (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with an Underwritten NOI ($) greater than $0.00.

With respect to Characteristic 132, we recomputed the Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield by dividing the Underwritten NCF ($) by the sum of the (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount. With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). This procedure was only performed for those Collateral Interests with an Underwritten NCF ($) greater than $0.00.

With respect to Characteristic 139, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR by dividing the Underwritten Stabilized NOI ($) by the (i) Mortgage Loan Maturity Annual Debt Service (P&I) ($) (as defined below) or (ii) if the applicable Mortgage Loan Cut-off Date Interest Rate is greater than the applicable Mortgage Loan Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($) (as defined below). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable). The **"Mortgage Loan Maturity Annual Debt Service (P&I) ($)"** is equal to the sum of (a) the product of (i) Mortgage Loan Balloon Balance ($), (ii) Mortgage Loan Cut-off Date Interest Rate and (iii) a fraction equal to 365/360 and (b) the scheduled monthly amortization payment (as set forth on the Loan Agreement) multiplied by 12. The **"Mortgage Loan Maturity Annual Debt Service (Cap) ($)"** is equal to the sum of (a) the product of (i) the Mortgage Loan Balloon Balance ($), (ii) the Mortgage Loan Rate Cap and (iii) a fraction equal to 365/360 and (b) the scheduled monthly amortization payment (as set forth on the Loan Agreement) multiplied by 12.

With respect to Characteristic 140, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR by dividing the Underwritten Stabilized NCF ($) by the (i) Mortgage Loan Maturity Annual Debt Service (P&I) ($) or (ii) if the applicable Mortgage Loan Cut-off Date Interest Rate is greater than the applicable Mortgage Loan Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 141, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield by dividing the Underwritten Stabilized NOI ($) by the Mortgage Loan Balloon Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 142, we recomputed the Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield by dividing the Underwritten Stabilized NCF ($) by the Mortgage Loan Balloon Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 143, we recomputed the Collateral Interest Underwritten Stabilized NOI DSCR by dividing the Underwritten Stabilized NOI ($) by the Mortgage Loan Maturity Annual Debt Service (P&I) ($) or if the applicable Collateral Interest Cut-off Date Interest Rate is greater than the applicable Collateral Interest Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 144, we recomputed the Collateral Interest Underwritten Stabilized NCF DSCR by dividing the Underwritten Stabilized NCF ($) by the Mortgage Loan Maturity Annual Debt Service (P&I) ($) or if the applicable Collateral Interest Cut-off Date Interest Rate is greater than the applicable Collateral Interest Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 145, we recomputed the Collateral Interest Underwritten Stabilized NOI Debt Yield by dividing the Underwritten Stabilized NOI ($) by the difference of the (i) Mortgage Loan Balloon Balance ($) and (ii) Junior Participation Balloon Payment ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 146, we recomputed the Collateral Interest Underwritten Stabilized NCF Debt Yield by dividing the Underwritten Stabilized NCF ($) by the difference of the (i) Mortgage Loan Balloon Balance ($) and (ii) Junior Participation Balloon Payment ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 153, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR by dividing the Appraisal Stabilized NOI ($) by the (i) Mortgage Loan Maturity Annual Debt Service (P&I) ($) or (ii) if the applicable Mortgage Loan Cut-off Date Interest Rate is greater than the applicable Mortgage Loan Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 154, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR by dividing the Appraisal Stabilized NCF ($) by the (i) Mortgage Loan Maturity Annual Debt Service (P&I) ($) or (ii) if the applicable Mortgage Loan Cut-off Date Interest Rate is greater than the applicable Mortgage Loan Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 155, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield by dividing the Appraisal Stabilized NOI ($) by the Mortgage Loan Balloon Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 156, we recomputed the Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield by dividing the Appraisal Stabilized NCF ($) by the Mortgage Loan Balloon Balance ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 157, we recomputed the Collateral Interest Appraisal Stabilized NOI DSCR by dividing the Appraisal Stabilized NOI ($) by the Mortgage Loan Maturity Annual Debt Service (P&I) ($) or (a) if the applicable Collateral Interest Cut-off Date Interest Rate is greater than the applicable Collateral Interest Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 158, we recomputed the Collateral Interest Appraisal Stabilized NCF DSCR by dividing the Appraisal Stabilized NCF ($) by the Mortgage Loan Maturity Annual Debt Service (P&I) ($) or (a) if the applicable Collateral Interest Cut-off Date Interest Rate is greater than the applicable Collateral Interest Rate Cap, the Mortgage Loan Maturity Annual Debt Service (Cap) ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 159, we recomputed the Collateral Interest Appraisal Stabilized NOI Debt Yield by dividing the Appraisal Stabilized NOI ($) by the difference of the (i) Mortgage Loan Balloon Balance ($) and (ii) Junior Participation Balloon Payment ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 160, we recomputed the Collateral Interest Appraisal Stabilized NCF Debt Yield by dividing the Appraisal Stabilized NCF ($) by the difference of the (i) Mortgage Loan Balloon Balance ($) and (ii) Junior Participation Balloon Payment ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 241, we recomputed the Mortgage Loan Cut-off Date As-Is LTV Ratio by dividing the Mortgage Loan Cut-off Date Balance ($) by the As-Is Appraised Value ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 242, we recomputed the Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio by dividing the Mortgage Loan Balloon Balance ($) by the Stabilized Appraised Value ($). With respect to any Collateral Interest that is in a group of cross-collateralized Collateral Interests, such Characteristic is calculated on the basis of all the Collateral Interests in such cross-collateralized group (as applicable).

With respect to Characteristic 243, we recomputed the Collateral Interest Cut-off Date As-Is LTV Ratio by dividing the sum of the (i) Collateral Interest Cut-off Date Balance ($) and (ii) Pari Passu Funded Amount by the As-Is Appraised Value ($).

With respect to Characteristic 244, we recomputed the Collateral Interest Commitment Maturity Date Stabilized LTV Ratio by dividing the difference of the (i) Mortgage Loan Balloon Balance ($) and (ii) Junior Participation Balloon Payment ($) by the Stabilized Appraised Value ($).

With respect to Characteristic 251, we recomputed the Largest Tenant Square Feet % by dividing the Largest Tenant Square Feet by the Number of Units. This procedure was not performed for the Collateral Interests with a Largest Tenant Square Feet equal to "N/A." With respect to the Collateral Interests identified on the Data File as "Sacramento Just Storage & Retail," "District Lofts" and "1266 Ninth" we were instructed by representatives of the Company to replace Number of Units of this procedure with "46,904," "3,636" and "3,885" respectively.

With respect to Characteristic 255, we recomputed the 2nd Largest Tenant Square Feet % by dividing the 2nd Largest Tenant Square Feet by the Number of Units. This procedure was not performed for the Collateral Interests with a 2nd Largest Tenant Square Feet equal to N/A." With respect to the Collateral Interests identified on the Data File as "Sacramento Just Storage & Retail" and "District Lofts" we were instructed by representatives of the Company to replace Number of Units of this procedure with "46,904" and "3,636" respectively.

With respect to Characteristic 259, we recomputed the 3rd Largest Tenant Square Feet % by dividing the 3rd Largest Tenant Square Feet by the Number of Units. This procedure was not performed for the Collateral Interests with a 3rd Largest Tenant Square Feet equal to "N/A." With respect to the Collateral Interest identified on the Data File as "Sacramento Just Storage & Retail" we were instructed by representatives of the Company to replace Number of Units of this procedure with "46,904."

With respect to Characteristic 263, we recomputed the 4th Largest Tenant Square Feet % by dividing the 4th Largest Tenant Square Feet by the Number of Units. This procedure was not performed for the Collateral Interests with a 4th Largest Tenant Square Feet equal to "N/A." With respect to the Collateral Interest identified on the Data File as "Sacramento Just Storage & Retail" we were instructed by representatives of the Company to replace Number of Units of this procedure with "46,904."

With respect to Characteristic 267, we recomputed the 5th Largest Tenant Square Feet % by dividing the 5th Largest Tenant Square Feet by the Number of Units. This procedure was not performed for the Collateral Interests with a 5th Largest Tenant Square Feet equal to "N/A." With respect to the Collateral Interest identified on the Data File as "Sacramento Just Storage & Retail" we were instructed by representatives of the Company to replace Number of Units of this procedure with "46,904."

**<u>Appendix B</u>**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Collateral Interest** | &nbsp;&nbsp;**Missing Source Documents** |
| &nbsp;&nbsp;King Arthur & Mountain Meadows | &nbsp;&nbsp;Interest Rate Cap Agreement, Title Policy and Guaranty |
| &nbsp;&nbsp;Ladd Apartments | &nbsp;&nbsp;Interest Cap Rate Agreement and Title Policy |
| &nbsp;&nbsp;Thunderbird Commerce Park | &nbsp;&nbsp;Interest Rate Cap Agreement |

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