# EDGAR Filing Document

**Accession Number:** 0002108968
**File Stem:** 0001539497-26-001069
**Filing Date:** 2026-3
**Character Count:** 35110
**Document Hash:** 180d4ace8d578a0b48a163d04f5b2dd6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-001069.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001539497-26-001069

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

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260331

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

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nomura Commercial Asset Depositor Co LLC
- **CENTRAL INDEX KEY:** 0002108968
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133518229
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08423
- **FILM NUMBER:** 26822655

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** 212-667-9000

**MAIL ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nomura Commercial Asset Depositor Co LLC
- **CENTRAL INDEX KEY:** 0002108968
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133518229
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

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

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** 212-667-9000

**MAIL ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nomura Commercial Asset Depositor Co LLC
- **CENTRAL INDEX KEY:** 0002108968
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 133518229
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

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

**BUSINESS ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808
- **BUSINESS PHONE:** 212-667-9000

**MAIL ADDRESS:**
- **STREET 1:** 251 LITTLE FALLS DRIVE
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19808

**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:

___ <br> Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _________________ to _________________

Date of Report (Date of earliest event reported) ____________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ____________________

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

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

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

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

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

Central Index Key Number of depositor: 0002108968

<u>NMR Trust 2026-CGCTR</u>

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

Central Index Key Number of issuing entity: N/A<br>

<u>Natalie Grainger, (212) 436-8472</u>

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

**INFORMATION TO BE INCLUDED IN THE REPORT**

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

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

Attached as <u>Exhibit 1</u> hereto is an agreed-upon procedures report, dated March 31, 2026, of KPMG LLP, obtained by the depositor, which report sets forth the findings and conclusions, as applicable, of KPMG LLP with respect to certain agreed-upon procedures performed by KPMG 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.

Nomura Commercial Asset Depositor Company LLC<br> (Depositor)

Date: March 31, 2026

<u>/s/ Natalie Grainger</u> 

By: Natalie Grainger, President

(senior officer in charge of securitization of the depositor)<br>

**EXHIBIT INDEX**

Exhibit Number Description <br>Exhibit 1 Agreed-upon procedures report, dated March 31, 2026, of KPMG LLP.

## Ex-1

**Exhibit 1**

---

| | |
|:---|:---|
| ![](kpmglogo.jpg) |  |
|  | KPMG LLP<br> Two Manhattan West<br> 375 9th Ave 17th Floor<br> New York, NY 10001 |

---

**Independent Accountants' Agreed-Upon Procedures Report**

Nomura Commercial Asset Depositor Company LLC

NWL Company, LLC (together, the "Company")

Nomura Securities International, Inc.

(collectively, the "Specified Parties"):

Re: NMR Trust 2026-CGCTR – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "NMR 2026-CGCTR Tape.xlsx" provided by the Company on March 31, 2026 (the "Data File"), containing information on one mortgage loan (the "Mortgage Loan") and one related property (the "Property") as of April 21, 2026 (the "Cut-off Date"), which we were informed is intended to be included as collateral in the offering by NMR Trust 2026-CGCTR, Commercial Mortgage Pass-Through Certificates, Series 2026-CGCTR (the "Certificates"). The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

· The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated.
Such compared information was deemed to be in agreement if differences were within the reporting threshold.

· The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement,
unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

· The term "reporting threshold" means that dollar amounts and percentages were within $1.00 and 0.1%, respectively.

· The term "Provided by the Company" when used in the "Source Document(s)" column of Attachment A, means we were
instructed by the Company to assume the attribute is accurate and not perform any procedure.

· The term "Loan Files" means the electronic copies of source documents provided by the Company and listed in Attachment
A. Where the term "Draft" is used, it means source documents provided by the Company and listed in Attachment A are in draft
form and are not executed with signatures as of the date of this report. We make no representation regarding the validity or accuracy
of any of the source documents.

KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

![](kpmglogo2.jpg)

· The term "Compared Attributes" means the list of fields in the Data File which were selected by the Company for us to
perform comparison procedures for and are listed in Attachment A.

· The term "Recomputed Attributes" means the list of fields in the Data File which were selected by the Company for us to
perform recomputation procedures for and are listed in Attachment B.

· The term "Calculation Methodology" means the formula listed in the "Calculation Methodology" column of Attachment
B containing the calculation methodology for the Recomputed Attributes provided by the Company.

· The term "Provided Information" means the Loan Files, Calculation Methodology and Cut-off Date.

Prior to being provided the Data File, we received one or more earlier versions of the data file on which to perform our procedures. In performing those procedures, we identified differences which were communicated to the Specified Parties. The Data File represents the revised information reflecting resolution of differences communicated as determined appropriate by the Company. We performed the procedures on the Data File, and the results of those procedures are reflected herein.

The procedures we were instructed by the Company to perform and the associated findings are as follows.

A. For the Mortgage Loan and Property included in the Data File, we compared the Compared Attributes in the Data File (except for those
with "Provided by the Company" in the "Source Document(s)" column of Attachment A) to the corresponding information
included in the Loan Files. The Company indicated that the absence of any of the information in the Loan Files or the inability to agree
the indicated information from the Data File to the Loan Files for each of the attributes identified, constituted an exception (except
for those Compared Attributes with "Provided by the Company" in the "Source Document(s)" column of Attachment
A). The document priority is the order provided by the Company, which is listed in the "Source Document(s)" column in Attachment
A, with the highest priority document listed first.

B. For the Mortgage Loan and Property included in the Data File, we recomputed the Recomputed Attributes in the Data File using (i) the
corresponding information contained in the Data File, and (ii) the Calculation Methodology.

We found such information to be in agreement without exception.

We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Mortgage Loan and related Property, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

![](kpmglogo2.jpg)

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Mortgage Loan to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing the Mortgage Loan being securitized, (iii) the compliance of the originator of the Mortgage Loan with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Mortgage Loan and related Property that would be material to the likelihood that the issuer of the Certificates will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

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

/s/ KPMG LLP

New York, New York<br> March 31, 2026

**ATTACHMENT A**

**COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Property Number | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Property Name | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Property Count | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Borrower Entities | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Sponsor | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Draft Loan Agreement; Management Agreement |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Property Subtype | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Property Address | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Property City | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;County | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;State | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Total Number of Units | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Unit Type | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Year Renovated | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Mortgage Loan Initial Funded Balance | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Cut-off Date Mortgage Loan Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mortgage Loan Balance at Maturity | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Origination Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Payment Date | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Initial Maturity Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Extension Options (Y/N) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Extension Option Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Extension Fee | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Extension Condition | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Fully Extended Maturity Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Payment Grace Period Event of Default | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Payment Grace Period Late Fee | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Balloon Grace Period Event of Default | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Balloon Grace Period Late Fee | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Interest Accrual Period Start | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Interest Accrual Period End | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Original Mortgage Loan Amortization Term | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan IO Period | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Remaining Mortgage Loan Amortization Term | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Amortization Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Accrual Basis | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Interest Rate Adjustment Frequency | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan Spread | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mortgage Loan SOFR Rounding Methodology | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan SOFR Floor | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan SOFR Cap Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan SOFR Cap Strike Rate | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Mortgage Loan SOFR Cap Expiration Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mortgage Loan SOFR Cap Provider | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mortgage Loan SOFR Cap Provider Rating (F/M/S) | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Assumed 1M SOFR | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Prepayment String | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Partial Prepayments Allowed | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Partial Release Permitted | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Partial Release Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Future Funding Provisions | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;LockBox (Y/N) | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;LockBox Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Cash Management | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Springing Cash Sweep Conditions | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Single Purpose Entity | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Non-Consolidation Letter | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Ground Lease? (Y/N) | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Ground Lease Expiration Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Ground Lease Extension Terms | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Annual Ground Lease Payment | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Ground Lease Escalation Terms | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Existing Additional Debt | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Additional Debt Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Future Debt Permitted? | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Future Debt Description | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Tax Reserve | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Monthly Tax Reserve | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Tax Reserve Cap | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Insurance Reserve | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Monthly Insurance Reserve | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Insurance Reserve Cap | &nbsp;&nbsp;Draft Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Deferred Maintenance Reserve Deposit Amount | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Replacement Reserves | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Monthly Replacement Reserves | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Replacement Reserves Cap | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Rollover Reserve | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Monthly Rollover Reserve | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Rollover Reserve Cap | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Initial Outstanding TI/LC Reserve | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Monthly Outstanding TI/LC Reserve | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Outstanding TI/LC Cap | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Reserve Type | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Reserve Initial Deposit | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Other Reserve Monthly Deposit | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Other Reserve Cap | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Letter of Credit | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Description of LOC | &nbsp;&nbsp;Draft Loan Agreement |
| &nbsp;&nbsp;Most Recent Occupancy % | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;Appraised Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;As Is Appraisal Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Date of Appraisal (Valuation Date) | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;As Stabilized Appraised Value | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;As Stabilized Appraisal Type | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Stabilization Date | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Appraisal Cap Rate | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Appraisal Report |
| &nbsp;&nbsp;Environmental Firm | &nbsp;&nbsp;Phase I Environmental Report |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Phase I Date | &nbsp;&nbsp;Phase I Environmental Report |
| &nbsp;&nbsp;Phase II Date | &nbsp;&nbsp;Phase II Environmental Report |
| &nbsp;&nbsp;Environmental Insurance | &nbsp;&nbsp;Environmental Insurance Report |
| &nbsp;&nbsp;Engineering Firm | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Seismic Firm | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Seismic Zone | &nbsp;&nbsp;Engineering Report |
| &nbsp;&nbsp;Seismic PML% | &nbsp;&nbsp;Seismic Report |
| &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;2023 Effective Gross Income | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;2023 Expenses | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;2023 NOI | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;2024 Effective Gross Income | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;2024 Expenses | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;2024 NOI | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;TTM As of Date | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;TTM Effective Gross Income | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;TTM Expenses | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;TTM NOI | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp; Underwritten Effective Gross Income | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp; Underwritten Total Expenses | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp; Underwritten NOI | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp; Underwritten Replacement Reserves | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp; Underwritten TI/LC | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp; Underwritten NCF | &nbsp;&nbsp;Underwritten Cash Flows |
| &nbsp;&nbsp;Master & Primary Servicer Fee Rate | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Trustee/Cert Admin Fee Rate | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Operating Advisor Fee | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;CREFC® License Fee Rate | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Major Tenant 1 | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 1 Sq. Ft. | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 1 Lease Expiration | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 2 | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 2 Sq. Ft. | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 2 Lease Expiration | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 3 | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 3 Sq. Ft. | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 3 Lease Expiration | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 4 | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 4 Sq. Ft. | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 4 Lease Expiration | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 5 | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 5 Sq. Ft. | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Major Tenant 5 Lease Expiration | &nbsp;&nbsp;Rent Roll |
| &nbsp;&nbsp;Mezzanine Loan Initial Funded Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan Cut-off Date Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan Maturity Balance | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Fully Funded Mezzanine | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan Origination Date | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan Interest Accrual Method | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan SOFR Rounding Methodology | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan Interest Rate Adjustment Frequency | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan Spread | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Source Document(s)** |
| &nbsp;&nbsp;Mezzanine Loan SOFR Floor | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezzanine Loan SOFR Cap Strike Rate | &nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;Mezz Loan SOFR Cap Description | &nbsp;&nbsp;Provided by the Company |

---

**ATTACHMENT B**

**RECOMPUTED ATTRIBUTES**

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Cut-off Date Mortgage Loan Balance Per Square Foot | &nbsp;&nbsp;Cut-off Date Mortgage Loan Balance divided by Total Number of Units. |
| &nbsp;&nbsp;Original Mortgage Loan Term | &nbsp;&nbsp; Number of payments between and including the First Payment<br> Date and the Initial Maturity Date. |
| &nbsp;&nbsp;Fully Extended Mortgage Loan Term | &nbsp;&nbsp; Number of payments between and including the First Payment<br> Date and the Fully Extended Maturity Date. |
| &nbsp;&nbsp;Seasoning | &nbsp;&nbsp;Number of payments between and including the First Payment Date and the Cut-off Date, subject to a minimum of 0. |
| &nbsp;&nbsp;Remaining Mortgage Loan Term to Maturity | &nbsp;&nbsp;Original Mortgage Loan Term minus Seasoning. |
| &nbsp;&nbsp;Mortgage Loan Interest Rate | &nbsp;&nbsp;The sum of the Mortgage Loan Spread and the higher of (i) Assumed 1M SOFR rounded in accordance with the Mortgage Loan SOFR Rounding Methodology and (ii) the Mortgage Loan SOFR Floor. |
| &nbsp;&nbsp;Mortgage Loan Annual Debt Service | &nbsp;&nbsp;The product of (i) Cut-off Date Mortgage Loan Balance, (ii) Mortgage Loan Interest Rate and (iii) 365/360. |
| &nbsp;&nbsp;Mortgage Loan Monthly Debt Service | &nbsp;&nbsp;Mortgage Loan Annual Debt Service divided by 12. |
| &nbsp;&nbsp;As-Is Appraised Value per Unit | &nbsp;&nbsp;Appraised Value divided by Total Number of Units. |
| &nbsp;&nbsp;Mortgage Loan TTM NOI DSCR | &nbsp;&nbsp;TTM NOI divided by Mortgage Loan Annual Debt Service. |
| &nbsp;&nbsp;Mortgage Loan Underwritten NOI DSCR | &nbsp;&nbsp;Underwritten NOI divided by Mortgage Loan Annual Debt Service. |
| &nbsp;&nbsp;Mortgage Loan Underwritten NCF DSCR | &nbsp;&nbsp;Underwritten NCF divided by Mortgage Loan Annual Debt Service. |
| &nbsp;&nbsp;Mortgage Loan TTM NOI DY | &nbsp;&nbsp;TTM NOI divided by Cut-off Date Mortgage Loan Balance. |
| &nbsp;&nbsp;Mortgage Loan Underwritten NOI DY | &nbsp;&nbsp;Underwritten NOI divided by Cut-off Date Mortgage Loan Balance. |
| &nbsp;&nbsp;Mortgage Loan Underwritten NCF DY | &nbsp;&nbsp;Underwritten NCF divided by Cut-off Date Mortgage Loan Balance. |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date As-Is LTV | &nbsp;&nbsp;Cut-off Date Mortgage Loan Balance divided by Appraised Value. |
| &nbsp;&nbsp;Mortgage Loan Cut-off Date As-Stabilized LTV | &nbsp;&nbsp;Cut-off Date Mortgage Loan Balance divided by As Stabilized Appraised Value. |
| &nbsp;&nbsp;Mortgage Loan Maturity Date As-Is LTV | &nbsp;&nbsp;Mortgage Loan Balance at Maturity divided by Appraised Value. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp; **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Mortgage Loan Interest Rate At Cap | &nbsp;&nbsp;Mortgage Loan SOFR Cap Strike Rate plus Mortgage Loan Spread. |
| &nbsp;&nbsp;Mortgage Loan Annual Debt Service At SOFR Cap | &nbsp;&nbsp;The product of (i) Cut-off Date Mortgage Loan Balance, (ii) Mortgage Loan Interest Rate At Cap and (iii) 365/360. |
| &nbsp;&nbsp;Mortgage Loan Monthly Debt Service At SOFR Cap | &nbsp;&nbsp;Mortgage Loan Annual Debt Service At SOFR Cap divided by 12. |
| &nbsp;&nbsp;Mortgage Loan Underwritten NOI DSCR At SOFR Cap | &nbsp;&nbsp;Underwritten NOI divided Mortgage Loan Annual Debt Service At SOFR Cap. |
| &nbsp;&nbsp;Mortgage Loan Underwritten NCF DSCR At SOFR Cap | &nbsp;&nbsp;Underwritten NCF divided by Mortgage Loan Annual Debt Service At SOFR Cap. |
| &nbsp;&nbsp;Total Admin Fee Rate | &nbsp;&nbsp;Sum of Master & Primary Servicer Fee Rate, Trustee/Cert Admin Fee Rate, Operating Advisor Fee and CREFC® License Fee Rate. |
| &nbsp;&nbsp;Net Mortgage Rate | &nbsp;&nbsp;Mortgage Loan Interest Rate minus Total Admin Fee Rate. |
| &nbsp;&nbsp;Major Tenant 1 % of Total | &nbsp;&nbsp;Major Tenant 1 Sq. Ft. divided by Total Number of Units. |
| &nbsp;&nbsp;Major Tenant 2 % of Total | &nbsp;&nbsp;Major Tenant 2 Sq. Ft. divided by Total Number of Units. |
| &nbsp;&nbsp;Major Tenant 3 % of Total | &nbsp;&nbsp;Major Tenant 3 Sq. Ft. divided by Total Number of Units. |
| &nbsp;&nbsp;Major Tenant 4 % of Total | &nbsp;&nbsp;Major Tenant 4 Sq. Ft. divided by Total Number of Units. |
| &nbsp;&nbsp;Major Tenant 5 % of Total | &nbsp;&nbsp;Major Tenant 5 Sq. Ft. divided by Total Number of Units. |
| &nbsp;&nbsp;Future Funding Available (Mezz Only) | &nbsp;&nbsp;Fully Funded Mezzanine minus Mezzanine Loan Cut-off Date Balance. |
| &nbsp;&nbsp;Mezzanine Loan Interest Rate | &nbsp;&nbsp;The sum of the Mezzanine Loan Spread and the higher of (i) Assumed 1M SOFR rounded in accordance with the Mezzanine Loan SOFR Rounding Methodology and (ii) the Mezzanine Loan SOFR Floor. |
| &nbsp;&nbsp;Mezzanine Loan Interest Rate at Cap | &nbsp;&nbsp;Mezzanine Loan SOFR Cap Strike Rate plus Mezzanine Loan Spread. |
| &nbsp;&nbsp;Mezzanine Loan Monthly IO Payment | &nbsp;&nbsp;Mezzanine Loan Annual IO Debt Service divided by 12. |
| &nbsp;&nbsp;Mezzanine Loan Annual IO Debt Service | &nbsp;&nbsp;The product of (i) Mezzanine Loan Cut-off Date Balance, (ii) Mezzanine Loan Interest Rate and (iii) 365/360. |
| &nbsp;&nbsp;Mezzanine Loan Annual IO Debt Service At Cap | &nbsp;&nbsp;The product of (i) Mezzanine Loan Cut-off Date Balance, (ii) Mezzanine Loan Interest Rate at Cap and (iii) 365/360. |
| &nbsp;&nbsp;Total Debt Initial Funded Balance | &nbsp;&nbsp;Mortgage Loan Initial Funded Balance plus Mezzanine Loan Initial Funded Balance. |

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**ATTACHMENT B**

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| | |
|:---|:---|
| &nbsp;&nbsp; **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| &nbsp;&nbsp;Total Debt Cut-off Date Balance | &nbsp;&nbsp;Cut-off Date Mortgage Loan Balance plus Mezzanine Loan Cut-off Date Balance. |
| &nbsp;&nbsp;Total Debt Maturity Balance | &nbsp;&nbsp;Mortgage Loan Balance at Maturity plus Mezzanine Loan Maturity Balance. |
| &nbsp;&nbsp;Total Debt Spread | &nbsp;&nbsp;The sum of (a) product of (i) Cut-off Date Mortgage Loan Balance and (ii) Mortgage Loan Spread and (b) product of (i) Mezzanine Loan Cut-off Date Balance and (ii) Mezzanine Loan Spread, divided by Total Debt Cut-off Date Balance. |
| &nbsp;&nbsp;Total Debt Interest Rate | &nbsp;&nbsp;Assumed 1M SOFR plus Total Debt Spread. |
| &nbsp;&nbsp;Total Debt Interest Rate at Cap | &nbsp;&nbsp;Mortgage Loan SOFR Cap Strike Rate plus Total Debt Spread. |
| &nbsp;&nbsp;Total Debt Monthly IO Payment | &nbsp;&nbsp;Total Debt Annual IO Debt Service divided by 12. |
| &nbsp;&nbsp;Total Debt Annual IO Debt Service | &nbsp;&nbsp;The product of (i) Total Debt Cut-off Date Balance, (ii) Total Debt Interest Rate and (iii) 365/360. |
| &nbsp;&nbsp;Total Debt Annual IO Debt Service at Cap | &nbsp;&nbsp;The product of (i) Total Debt Cut-off Date Balance, (ii) Total Debt Interest Rate at Cap and (iii) 365/360. |
| &nbsp;&nbsp;Cut-off Date Total Debt LTV | &nbsp;&nbsp;Total Debt Cut-off Date Balance divided by Appraised Value. |
| &nbsp;&nbsp;Maturity Date Total Debt LTV | &nbsp;&nbsp;Total Debt Maturity Balance divided by As Stabilized Appraised Value. |
| &nbsp;&nbsp;Underwritten Total Debt NOI Debt Yield | &nbsp;&nbsp;Underwritten NOI divided by Total Debt Cut-off Date Balance. |
| &nbsp;&nbsp;Underwritten Total Debt NCF Debt Yield | &nbsp;&nbsp;Underwritten NCF divided by Total Debt Cut-off Date Balance. |
| &nbsp;&nbsp;Underwritten Total Debt IO NOI DSCR | &nbsp;&nbsp;Underwritten NOI divided by Total Debt Annual IO Debt Service. |
| &nbsp;&nbsp;Underwritten Total Debt IO NOI DSCR At Cap | &nbsp;&nbsp;Underwritten NOI divided by Total Debt Annual IO Debt Service at Cap. |
| &nbsp;&nbsp;Underwritten Total Debt IO NCF DSCR | &nbsp;&nbsp;Underwritten NCF divided by Total Debt Annual IO Debt Service. |
| &nbsp;&nbsp;Underwritten Total Debt IO NCF DSCR At Cap | &nbsp;&nbsp;Underwritten NCF divided by Total Debt Annual IO Debt Service at Cap. |
| &nbsp;&nbsp;Total Debt Loan Per Unit | &nbsp;&nbsp;Total Debt Cut-off Date Balance divided by Total Number of Units. |

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