# EDGAR Filing Document

**Accession Number:** 0001690536
**File Stem:** 0001539497-26-000042
**Filing Date:** 2026-1
**Character Count:** 115234
**Document Hash:** 74d4cb7bc56cf65c197fb7f0ac6f372e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-000042.hdr.sgml**: 20260113

**ACCESSION NUMBER**: 0001539497-26-000042

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260113

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

**FILED AS OF DATE**: 20260113

**DATE AS OF CHANGE**: 20260113

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FS Credit Real Estate Income Trust, Inc.
- **CENTRAL INDEX KEY:** 0001690536
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-04817
- **FILM NUMBER:** 26530768

**BUSINESS ADDRESS:**
- **STREET 1:** 3025 JFK BOULEVARD, OFC 500
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **BUSINESS PHONE:** 2154951150

**MAIL ADDRESS:**
- **STREET 1:** 3025 JFK BOULEVARD, OFC 500
- **CITY:** PHILADELPHIA
- **STATE:** PA

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FS Real Estate Credit Income Trust, Inc.
- **DATE OF NAME CHANGE:** 20161121
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FS Credit Real Estate Income Trust, Inc.
- **CENTRAL INDEX KEY:** 0001690536
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 3025 JFK BOULEVARD, OFC 500
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **BUSINESS PHONE:** 2154951150

**MAIL ADDRESS:**
- **STREET 1:** 3025 JFK BOULEVARD, OFC 500
- **CITY:** PHILADELPHIA
- **STATE:** PA

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FS Real Estate Credit Income Trust, Inc.
- **DATE OF NAME CHANGE:** 20161121
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FS Credit Real Estate Income Trust, Inc.
- **CENTRAL INDEX KEY:** 0001690536
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-04817

**BUSINESS ADDRESS:**
- **STREET 1:** 3025 JFK BOULEVARD, OFC 500
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **BUSINESS PHONE:** 2154951150

**MAIL ADDRESS:**
- **STREET 1:** 3025 JFK BOULEVARD, OFC 500
- **CITY:** PHILADELPHIA
- **STATE:** PA

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FS Real Estate Credit Income Trust, Inc.
- **DATE OF NAME CHANGE:** 20161121

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

**FORM ABS-15G**

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

**the Securities Exchange Act of 1934**

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

Date of Report (Date of earliest event reported)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

______________________________________________________________________

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

contact in connection with this filing

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

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

Central Index Key Number of depositor: 0001690536

<u>FS Rialto 2026-FL11 Issuer, LLC</u><br> (Exact name of issuing entity as specified in its charter)

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

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

<u>Brian Gold, 917-746-0341</u> <br> Name and telephone number, including area code, of the person to contact in connection <br> with this filing

**INFORMATION TO BE INCLUDED IN THE REPORT**

**FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS**

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

See Report of Independent Accountants on Applying Agreed-Upon Procedures, dated January 13, 2026, of PricewaterhouseCoopers LLP, which was obtained by the sponsor, attached as <u>Exhibit 99.1</u> to this Form ABS-15G, which report sets forth the findings and conclusions, as applicable, of PricewaterhouseCoopers LLP with respect to certain agreed-upon procedures performed by PricewaterhouseCoopers LLP.

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: January 13, 2026 | FS CREDIT REAL ESTATE INCOME TRUST, INC. | FS CREDIT REAL ESTATE INCOME TRUST, INC. | FS CREDIT REAL ESTATE INCOME TRUST, INC. |
|  | By: | /s/ Brian Gold | /s/ Brian Gold |
|  |  | Name: | Brian Gold |
|  |  | Title: | Chief Financial Officer |

---

Exhibit 99.1 Report of Independent Accountants on Applying Agreed-Upon Procedures, dated January 13, 2026, of PricewaterhouseCoopers LLP.

## Exhibit 99.1

**Exhibit 99.1**

![[PWC Logo]](pwclogo.jpg)

**Report of Independent Accountants on Applying** 

**Agreed-Upon Procedures**

FS Credit Real Estate Income Trust, Inc.

3025 JFK Boulevard, Suite 500

Philadelphia, PA 19104

We ("us" or "PwC") have performed the procedures enumerated below, which were agreed to by FS Credit Real Estate Income Trust, Inc. (the "Company," as the engaging party) and Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Natixis Securities Americas LLC, Capital One Securities, Inc., and M&T Securities, Inc., who are collectively referred to as the "Specified Parties", solely to assist you in performing certain procedures related to the accuracy of certain attributes and calculations within the Final Data File (defined below). The procedures were performed with respect to the FS Rialto 2026-FL11 Issuer, LLC securitization (the "Transaction"). The Company (the "Responsible Party") is responsible for the accuracy of the information contained in the Final Data File.

In an agreed-upon procedures engagement, we perform specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the intended purpose of the engagement and we report on findings based on the procedures performed. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose.

***Procedures and Findings***

 ****

In connection with the Transaction, the Specified Parties have requested that the procedures be performed on 23 mortgage loans (the "Mortgage Loan Assets") secured by 32 mortgaged properties (the "Mortgaged Properties") which represents the entire population of Mortgage Loan Assets and Mortgaged Properties (collectively the "Collateral") as of the closing date of the Transaction.

This agreed-upon procedures engagement was not conducted for the purpose of satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

In addition, PwC should not be regarded as having in any way warranted or given any assurance as to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The completeness, accuracy, appropriateness, quality
or integrity of any of the information provided by the Responsible Party, or any other party for the purpose of PwC performing the procedures
agreed to by the Specified Parties. The procedures performed would not necessarily reveal any material misstatement of the amounts, balances,
ratios, percentages or other relationships of the information included in the data provided to us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The conformity of the origination of the assets
to stated underwriting or credit extension guidelines, standards, criteria or other requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The value of the Mortgaged Properties securing
the Mortgage Loan Asset; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The compliance of the originator of the assets
with federal, state, and local laws and regulations.

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

![](pwclogo.jpg)

We have not performed any procedures with respect to the fair value of the securities being offered in the Transaction and PwC expresses no opinion on the fair value of these securities. PwC should not be regarded as having performed any procedures other than those detailed in this report.

With respect to any terms or requirements of the Transaction documents that do not appear in this report, we performed no procedures and, accordingly, the procedures we performed would not ensure that any requirements are satisfied. Further, we have performed only the following agreed-upon procedures and therefore make no representations regarding the adequacy of disclosures or whether any material facts have been omitted from the Transaction documents.

It should be understood that we make no representations as to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The interpretation of Transaction documents included in connection with our
procedures;

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

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

These procedures should not be taken to supplant any additional inquiries or procedures that the Specified Parties would undertake in consideration of the Transaction.

For the purpose of this report:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Cut-off Date" refers to the date of February 9, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Final Data File" refers to the following Microsoft
Excel ("Excel") file provided by the Company, which includes certain attributes related to the Collateral. The Final Data
File was provided on January 13, 2026 with certain Collateral attribute calculations adjusted for the Cut-off Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o FSRIAL 2026-FL11 Accounting Tape 01.13.2026 v2.xlsx (provided on January 13, 2026).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Specified Attributes" refers to the fields in the
Final Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Source Document" refers to the documents (including
any applicable amendments, assumptions or exhibits thereof) provided by the Company, related to the information contained in the Final
Data File.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Loan File" refers to any Source Document or collection
of Source Documents provided by the Company, and used by us, in performing the procedures enumerated below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The term "compared" refers to the comparison of one or more Specified
Attributes to Source Documents, as indicated within Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The term "recalculated" refers to a re-computation of one or
more Specified Attributes using the Company provided methodology, as indicated within Exhibit B.

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

![](pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "in agreement" refers to the comparison or recalculation
of one or more Specified Attributes which resulted in a match, or a difference that was within the Company provided tolerance level (if
any), as indicated within Exhibit A.

Source Documents included in the Loan File:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Appraisal Report" refers to a signed appraisal document
or exhibit, appraisal summary and/or a restricted appraisal document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Cash Management Agreement" refers to signed or draft
cash management agreement and/or deposit and control account agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Cross Collateralization Agreement" refers to signed
cross covllateralization agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Engineering Report" refers to a draft or final property
condition assessment document or exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Environmental Report" refers to a final phase I and
phase II (if applicable) environmental document or exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Ground Lease" refers to the signed or draft ground
lease agreement, ground lease estoppel, ground lease abstract and/or assumptions or riders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Guaranty Agreement" refers to a signed or draft guaranty
agreement or environmental indemnity agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Insurance Binder" refers to a certificate of insurance
and/or insurance risk analysis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Interest Rate Cap Agreement" refers to a signed or
draft interest rate cap agreement, interest rate cap confirmation or a transaction summary document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Loan Agreement" refers to a signed or draft loan
agreement and any amendments, slip pages or exhibits thereof, a signed or draft promissory note, purchase and assignment agreements and/or
other security agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Management Agreement" refers to signed management
agreement and any amendments, assignments or assumptions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Participation Agreement" refers to a signed or draft
agreement that provides split of a mortgage loan into senior and junior participation interests and set forth the applicable terms governing
such participation interests.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Servicing Report" refers to a schedule dated as of
January 5, 2026 of loan and escrow balances, provided on January 7, 2026.

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

![](pwclogo.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Settlement Statement" refers to a borrower, title
company and/or lender mortgage loan closing statement, as well as a funding statement in Excel, indicating the sources and uses of dispersed
funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Subordinate Debt Loan Agreement" refers to a signed
mezzanine, junior or other subordinate loan agreement and promissory note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Title Policy" refers to a signed or proforma title
policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The phrase "Underwriting File" refers to the electronic underwriting
file consisting of historical and underwritten cash flow statements prepared by the Company's underwriting team and underwritten
rent roll.

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

From December 9, 2025 through January 13, 2026, the Company provided us with the Source Documents related to the Collateral for which we:

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

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

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

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

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not conduct an audit or an examination engagement, the objective of which would be the expression of an opinion, or a review engagement, the objective of which would be the expression of a conclusion, on the Final Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

In performing this engagement, we are required to be independent of the Responsible Party and to meet our ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

![](pwclogo.jpg)

This report is intended solely for the information and use of the Specified Parties (including for the purpose of substantiating the Specified Parties' "due diligence defense" under the Securities Act of 1933), and is not intended to be and should not be used by anyone other than the Specified Parties.

If a party has obtained, or has access to, this report without having executed an agreement with PwC wherein such party accepts responsibility for the appropriateness of the procedures performed (such party is referred to as a "Non-Specified Party"), that Non-Specified Party cannot:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Rely upon this report, and any use of this report by that Non-Specified Party
is its sole responsibility and at its sole and exclusive risk; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Acquire any rights or claims against PwC, and PwC assumes no duties or obligations
to such Non-Specified Party.

A Non-Specified Party may not disclose or distribute this report or any of the report's contents to any

other party (including but not limited to electronic distribution and/or posting to a website pursuant to Rule 17g-5 of the Securities Exchange Act of 1934).

The procedures enumerated above were performed as of the date of this report, and we disclaim any consideration of any events and circumstances occurring after the date of this report. Further, we have no obligation to update this report because of events occurring, or data or information coming to our attention, subsequent to the date of this report.

/s/ PricewaterhouseCoopers LLP

New York, NY

January 13, 2026

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

**Exhibits**

Exhibit A – Loan File Review Procedures

Exhibit B – Recalculation Methodology

Exhibit C – Additional Company Provided Attributes

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

**Exhibit A - Loan File Review Procedures** 

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;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;Appraisal Report |  |
| &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, Cross Collateralization 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;County | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Zip Code | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;13 | &nbsp;&nbsp;Year Built | &nbsp;&nbsp;Appraisal Report, Engineering Report |  |
| &nbsp;&nbsp;14 | &nbsp;&nbsp;Year Renovated <sup>(1)</sup> | &nbsp;&nbsp;Appraisal Report, Engineering 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;Underwriting File |  |
| &nbsp;&nbsp;18 | &nbsp;&nbsp;Unit of Measure | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;19 | &nbsp;&nbsp;Occupancy (%) | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;20 | &nbsp;&nbsp;Occupancy Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;21 | &nbsp;&nbsp;Loan Purpose | &nbsp;&nbsp;Settlement Statement |  |
| &nbsp;&nbsp;22 | &nbsp;&nbsp;Note Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;23 | &nbsp;&nbsp;First Payment Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;24 | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) <sup>(2)</sup> | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance / Unit ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;26 | &nbsp;&nbsp;Mortgage Loan Initial Funded Amount ($) <sup>(2)</sup> | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;27 | &nbsp;&nbsp;Mortgage Loan Initial Unfunded Future Funding Amount ($) <sup>(2)</sup> | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Mortgage Loan Commitment Cut-off Date Balance ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;29 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) | &nbsp;&nbsp;Servicing Report, Loan Agreement, Settlement Statement |  |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance / Unit ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;31 | &nbsp;&nbsp;Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Servicing Report, Loan Agreement, Settlement Statement |  |
| &nbsp;&nbsp;32 | &nbsp;&nbsp;Future Funding Advance Conditions | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Mortgage Loan Balloon Balance ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Mortgage Loan Balloon Balance / Unit ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;38 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Aggregate Collateral Interest Cut-off Date Balance % | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Collateral Interest Balloon Balance ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Pari Passu Funded Amount | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;46 | &nbsp;&nbsp;Pari Passu Balance in Other Securitization | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;47 | &nbsp;&nbsp;Junior Participation Cut-off Date Balance | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;48 | &nbsp;&nbsp;Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | &nbsp;&nbsp;Participation Agreement, Loan Agreement, Servicing Report |  |
| &nbsp;&nbsp;49 | &nbsp;&nbsp;Junior Participation Balloon Payment ($) | &nbsp;&nbsp;Participation Agreement, Loan Agreement, Servicing Report |  |
| &nbsp;&nbsp;50 | &nbsp;&nbsp;Rate Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;Index | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;52 | &nbsp;&nbsp;Index Rate Assumption | &nbsp;&nbsp;None - Company Provided |  |
| &nbsp;&nbsp;53 | &nbsp;&nbsp;Interest Accrual Basis | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;54 | &nbsp;&nbsp;Accrual Period | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;55 | &nbsp;&nbsp;Lookback Period | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;56 | &nbsp;&nbsp;Rounding Factor | &nbsp;&nbsp;Loan Agreement |  |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;Time of Rounding (Before Spread, After Spread) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;Rounding Direction | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;Mortgage Loan Margin | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;Collateral Interest Margin | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;61 | &nbsp;&nbsp;Junior Participation Cut-off Date Margin | &nbsp;&nbsp;Participation Agreement, Loan Agreement |  |
| &nbsp;&nbsp;62 | &nbsp;&nbsp;Mortgage Loan Index Floor | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;63 | &nbsp;&nbsp;Mortgage Loan Index Cap Provider | &nbsp;&nbsp;Interest Rate Cap Agreement |  |
| &nbsp;&nbsp;64 | &nbsp;&nbsp;Mortgage Loan Index Cap Notional Amount | &nbsp;&nbsp;Interest Rate Cap Agreement |  |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;Mortgage Loan Index Cap Termination Date | &nbsp;&nbsp;Interest Rate Cap Agreement |  |
| &nbsp;&nbsp;66 | &nbsp;&nbsp;Mortgage Loan Index Cap | &nbsp;&nbsp;Interest Rate Cap Agreement |  |
| &nbsp;&nbsp;67 | &nbsp;&nbsp;Mortgage Loan Margin Change (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;68 | &nbsp;&nbsp;Mortgage Loan Margin Change Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Interest Rate | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;Mortgage Loan Rate Floor | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;71 | &nbsp;&nbsp;Mortgage Loan Rate Cap | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;Collateral Interest Cut-off Date Interest Rate | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Collateral Interest Rate Floor | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Collateral Interest Rate Cap | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Junior Participation Cut-off Date Interest Rate | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Junior Participation Rate Floor | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;Junior Participation Rate Cap | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;78 | &nbsp;&nbsp;Amortization Type During Initial Term | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;Initial IO Period | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;Initial IO Period (Remaining) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;Original Loan Term (Initial) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;Original Loan Term (Remaining) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;83 | &nbsp;&nbsp;ARD Loan (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;84 | &nbsp;&nbsp;Initial Maturity Date or Anticipated Repayment Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;Seasoning (months) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;86 | &nbsp;&nbsp;Extension Options (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;87 | &nbsp;&nbsp;Extension Options Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;88 | &nbsp;&nbsp;Amortization Type During Extensions | &nbsp;&nbsp;Loan Agreement |  |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;89 | &nbsp;&nbsp;Amortization Style | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;90 | &nbsp;&nbsp;Amortization Rate | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;91 | &nbsp;&nbsp;Amortization Basis | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;92 | &nbsp;&nbsp;First Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;93 | &nbsp;&nbsp;First Extension Period (months) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;First Extension Floor | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;95 | &nbsp;&nbsp;First Extension Cap | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;96 | &nbsp;&nbsp;First Extension Fee (%) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;First Extension Fee | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;98 | &nbsp;&nbsp;Second Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;99 | &nbsp;&nbsp;Second Extension Period (months) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Second Extension Floor | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;101 | &nbsp;&nbsp;Second Extension Cap | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;102 | &nbsp;&nbsp;Second Extension Fee (%) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;Second Extension Fee | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;104 | &nbsp;&nbsp;Third Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;105 | &nbsp;&nbsp;Third Extension Period (months) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;Third Extension Floor | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;Third Extension Cap | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;108 | &nbsp;&nbsp;Third Extension Fee (%) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Third Extension Fee | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;110 | &nbsp;&nbsp;Fourth Extension Period Requirements | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;111 | &nbsp;&nbsp;Fourth Extension Period (months) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Fourth Extension Floor | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;113 | &nbsp;&nbsp;Fourth Extension Cap | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;114 | &nbsp;&nbsp;Fourth Extension Fee (%) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Fourth Extension Fee | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Exit Fee ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;117 | &nbsp;&nbsp;Exit Fee % | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;118 | &nbsp;&nbsp;Exit Fee Balance | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;119 | &nbsp;&nbsp;Fully Extended IO Period (Initial) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;Fully Extended IO Period (Remaining) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;Fully Extended Loan Term (Initial) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;Fully Extended Loan Term (Remaining) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;123 | &nbsp;&nbsp;Fully Extended Maturity Date | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;124 | &nbsp;&nbsp;Future Debt Permitted (Y/N) | &nbsp;&nbsp;Loan Agreement |  |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;125 | &nbsp;&nbsp;Permitted Future Debt Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;126 | &nbsp;&nbsp;Grace Period Default (Days) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;127 | &nbsp;&nbsp;Grace Period Late (Days) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;128 | &nbsp;&nbsp;Initial Prepayment Provision | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Remaining Call Protection (Cut-off Date) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;130 | &nbsp;&nbsp;Original Yield Maintenance or Minimum Interest Term | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;131 | &nbsp;&nbsp;Rate for Prepayment Protection | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;132 | &nbsp;&nbsp;Partial Release and/or Partial Prepayment (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;133 | &nbsp;&nbsp;Lien Position | &nbsp;&nbsp;Title Policy |  |
| &nbsp;&nbsp;134 | &nbsp;&nbsp;Recourse | &nbsp;&nbsp;Guaranty Agreement, Loan Agreement |  |
| &nbsp;&nbsp;135 | &nbsp;&nbsp;Recourse Provisions | &nbsp;&nbsp;Guaranty Agreement, Loan Agreement |  |
| &nbsp;&nbsp;136 | &nbsp;&nbsp;Recourse Carveout Guarantor | &nbsp;&nbsp;Guaranty Agreement |  |
| &nbsp;&nbsp;137 | &nbsp;&nbsp;Borrower | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;138 | &nbsp;&nbsp;Sponsor <sup>(3)</sup> | &nbsp;&nbsp;Loan Agreement, Guaranty Agreement |  |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Affiliated Sponsor (Y/N) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;140 | &nbsp;&nbsp;Tenants-in-common (Y/N) | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;141 | &nbsp;&nbsp;Ownership Interest | &nbsp;&nbsp;Title Policy |  |
| &nbsp;&nbsp;142 | &nbsp;&nbsp;Ground Lease (Y/N) | &nbsp;&nbsp;Title Policy |  |
| &nbsp;&nbsp;143 | &nbsp;&nbsp;Annual Ground Lease Payment ($) | &nbsp;&nbsp;Ground Lease |  |
| &nbsp;&nbsp;144 | &nbsp;&nbsp;Ground Lease Initial Expiration Date | &nbsp;&nbsp;Ground Lease |  |
| &nbsp;&nbsp;145 | &nbsp;&nbsp;Ground Lease Extension (Y/N) | &nbsp;&nbsp;Ground Lease |  |
| &nbsp;&nbsp;146 | &nbsp;&nbsp;# of Ground Lease Extension Options | &nbsp;&nbsp;Ground Lease |  |
| &nbsp;&nbsp;147 | &nbsp;&nbsp;Ground Lease Expiration Date with Extensions | &nbsp;&nbsp;Ground Lease |  |
| &nbsp;&nbsp;148 | &nbsp;&nbsp;Lockbox Type | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;149 | &nbsp;&nbsp;Cash Management Type | &nbsp;&nbsp;Loan Agreement, Cash Management Agreement |  |
| &nbsp;&nbsp;150 | &nbsp;&nbsp;Cash Management Trigger Event | &nbsp;&nbsp;Loan Agreement, Cash Management Agreement |  |
| &nbsp;&nbsp;151 | &nbsp;&nbsp;Tax Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;152 | &nbsp;&nbsp;Tax Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;153 | &nbsp;&nbsp;Tax Escrow (Monthly)($) | &nbsp;&nbsp;Loan Agreement, Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;154 | &nbsp;&nbsp;Springing Tax Escrow Description | &nbsp;&nbsp;Loan Agreement |  |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;155 | &nbsp;&nbsp;Insurance Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;156 | &nbsp;&nbsp;Insurance Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;157 | &nbsp;&nbsp;Insurance Escrow (Monthly)($) | &nbsp;&nbsp;Loan Agreement, Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;158 | &nbsp;&nbsp;Springing Insurance Escrow Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;159 | &nbsp;&nbsp;Replacement Reserve (Upfront)($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;160 | &nbsp;&nbsp;Replacement Reserve (Cut-off Date)($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;161 | &nbsp;&nbsp;Replacement Reserve (Monthly)($) | &nbsp;&nbsp;Loan Agreement, Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;162 | &nbsp;&nbsp;Replacement Reserve Cap($) | &nbsp;&nbsp;Loan Agreement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;163 | &nbsp;&nbsp;Springing Replacement Reserve Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;164 | &nbsp;&nbsp;TI/LC Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;165 | &nbsp;&nbsp;TI/LC Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;166 | &nbsp;&nbsp;TI/LC Reserve (Monthly)($) | &nbsp;&nbsp;Loan Agreement, Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;167 | &nbsp;&nbsp;TI/LC Reserve Cap($) | &nbsp;&nbsp;Loan Agreement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;168 | &nbsp;&nbsp;Springing TI/LC Reserve Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;169 | &nbsp;&nbsp;Environmental Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;170 | &nbsp;&nbsp;Environmental Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;171 | &nbsp;&nbsp;Upfront Engineering/Deferred Maintenance Escrow (Upfront) ($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;172 | &nbsp;&nbsp;Upfront Engineering/Deferred Maintenance Escrow (Cut-off Date) ($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;173 | &nbsp;&nbsp;Debt Service Reserve (Upfront) ($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;174 | &nbsp;&nbsp;Debt Service Reserve (Cut-off Date) ($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;175 | &nbsp;&nbsp;Debt Service Reserve (Monthly)($) | &nbsp;&nbsp;Loan Agreement, Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;176 | &nbsp;&nbsp;Debt Service Reserve Cap($) | &nbsp;&nbsp;Loan Agreement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;177 | &nbsp;&nbsp;Springing Debt Service Reserve Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;178 | &nbsp;&nbsp;Other Reserves (Upfront)($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;179 | &nbsp;&nbsp;Other Reserves (Cut-Off Date)($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;180 | &nbsp;&nbsp;Other Reserves (Monthly)($) | &nbsp;&nbsp;Loan Agreement, Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;181 | &nbsp;&nbsp;Other Reserves Cap ($) | &nbsp;&nbsp;Loan Agreement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;182 | &nbsp;&nbsp;Other Reserves Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;183 | &nbsp;&nbsp;Other Reserves 2 (Upfront)($) | &nbsp;&nbsp;Loan Agreement, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;184 | &nbsp;&nbsp;Other Reserves 2 (Cut-Off Date)($) | &nbsp;&nbsp;Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;185 | &nbsp;&nbsp;Other Reserves 2 (Monthly)($) | &nbsp;&nbsp;Loan Agreement, Servicing Report, Settlement Statement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;186 | &nbsp;&nbsp;Other Reserves 2 Cap ($) | &nbsp;&nbsp;Loan Agreement | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;187 | &nbsp;&nbsp;Other Reserves 2 Description | &nbsp;&nbsp;Loan Agreement |  |
| &nbsp;&nbsp;188 | &nbsp;&nbsp;Third Most Recent As Of Period | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;1 Day |
| &nbsp;&nbsp;189 | &nbsp;&nbsp;Third Most Recent Revenues | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;190 | &nbsp;&nbsp;Third Most Recent Expenses | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;191 | &nbsp;&nbsp;Third Most Recent NOI | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;192 | &nbsp;&nbsp;Third Most Recent NCF | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;193 | &nbsp;&nbsp;Second Most Recent As Of Period | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;1 Day |
| &nbsp;&nbsp;194 | &nbsp;&nbsp;Second Most Recent Revenues | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;195 | &nbsp;&nbsp;Second Most Recent Expenses | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;196 | &nbsp;&nbsp;Second Most Recent NOI | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;197 | &nbsp;&nbsp;Second Most Recent NCF | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;198 | &nbsp;&nbsp;Most Recent As Of Period | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;1 Day |
| &nbsp;&nbsp;199 | &nbsp;&nbsp;Most Recent Revenues | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;200 | &nbsp;&nbsp;Most Recent Expenses | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;201 | &nbsp;&nbsp;Most Recent NOI | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;202 | &nbsp;&nbsp;Most Recent NCF | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;203 | &nbsp;&nbsp;Mortgage Loan Most Recent NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;204 | &nbsp;&nbsp;Mortgage Loan Most Recent NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;205 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;206 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;207 | &nbsp;&nbsp;Collateral Interest Most Recent NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;208 | &nbsp;&nbsp;Collateral Interest Most Recent NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;209 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;210 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;211 | &nbsp;&nbsp;Underwritten Occupancy (%) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;0.10% |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;212 | &nbsp;&nbsp;Underwritten Revenues ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;213 | &nbsp;&nbsp;Underwritten Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;214 | &nbsp;&nbsp;Underwritten NOI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;215 | &nbsp;&nbsp;Underwritten Reserves ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;216 | &nbsp;&nbsp;Underwritten NCF ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;217 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;218 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;219 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;220 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;221 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;222 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;223 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;224 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;225 | &nbsp;&nbsp;Underwritten Stabilized Occupancy (%) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;0.10% |
| &nbsp;&nbsp;226 | &nbsp;&nbsp;Underwritten Stabilized Revenues ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;227 | &nbsp;&nbsp;Underwritten Stabilized Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;228 | &nbsp;&nbsp;Underwritten Stabilized NOI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;229 | &nbsp;&nbsp;Underwritten Stabilized Reserves ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;230 | &nbsp;&nbsp;Underwritten Stabilized NCF ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;231 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;232 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;233 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;234 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;235 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;236 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;237 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;238 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;239 | &nbsp;&nbsp;Appraisal Stabilized Occupancy (%) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;0.10% |

---

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;240 | &nbsp;&nbsp;Appraisal Stabilized Revenues ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;241 | &nbsp;&nbsp;Appraisal Stabilized Expenses ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;242 | &nbsp;&nbsp;Appraisal Stabilized NOI ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;243 | &nbsp;&nbsp;Appraisal Stabilized Reserves ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;244 | &nbsp;&nbsp;Appraisal Stabilized NCF ($) | &nbsp;&nbsp;Underwriting File | &nbsp;&nbsp;$1.00 |
| &nbsp;&nbsp;245 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;246 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;247 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;248 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;249 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;250 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;251 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;252 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;253 | &nbsp;&nbsp;Engineering Report Date | &nbsp;&nbsp;Engineering Report |  |
| &nbsp;&nbsp;254 | &nbsp;&nbsp;Environmental Report Date (Phase I) | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;255 | &nbsp;&nbsp;Environmental Report Date (Phase II) | &nbsp;&nbsp;Environmental Report |  |
| &nbsp;&nbsp;256 | &nbsp;&nbsp;Environmental Insurance (Y/N) | &nbsp;&nbsp;Insurance Binder, Environmental Report |  |
| &nbsp;&nbsp;257 | &nbsp;&nbsp;Seismic Report Date | &nbsp;&nbsp;Seismic Report, Engineering Report |  |
| &nbsp;&nbsp;258 | &nbsp;&nbsp;Seismic PML % | &nbsp;&nbsp;Seismic Report, Engineering Report |  |
| &nbsp;&nbsp;259 | &nbsp;&nbsp;Seismic Insurance Obtained if PML ≥ 20% (Y/N) | &nbsp;&nbsp;Seismic Report, Engineering Report |  |
| &nbsp;&nbsp;260 | &nbsp;&nbsp;Subordinate Debt (Y/N) | &nbsp;&nbsp;Subordinate Debt Loan Agreement, Loan Agreement |  |
| &nbsp;&nbsp;261 | &nbsp;&nbsp;Subordinate Debt Type | &nbsp;&nbsp;Subordinate Debt Loan Agreement, Loan Agreement |  |
| &nbsp;&nbsp;262 | &nbsp;&nbsp;Subordinate Debt Margin | &nbsp;&nbsp;Subordinate Debt Loan Agreement, Loan Agreement |  |
| &nbsp;&nbsp;263 | &nbsp;&nbsp;Subordinate Debt Interest Rate | &nbsp;&nbsp;Subordinate Debt Loan Agreement, Loan Agreement |  |
| &nbsp;&nbsp;264 | &nbsp;&nbsp;Subordinate Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Subordinate Debt Loan Agreement, Loan Agreement |  |
| &nbsp;&nbsp;265 | &nbsp;&nbsp;Total Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;266 | &nbsp;&nbsp;Total Debt Cut-off Date As-Is LTV | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;267 | &nbsp;&nbsp;Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Recalculation |  |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Source Document (in order of priority)** | &nbsp;&nbsp;**Tolerance** |
| &nbsp;&nbsp;268 | &nbsp;&nbsp;Total Debt Cut-off Date UW NOI DY | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;269 | &nbsp;&nbsp;As-Is Appraisal Valuation Date | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;270 | &nbsp;&nbsp;Appraisal Firm | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;271 | &nbsp;&nbsp;As-Is Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;272 | &nbsp;&nbsp;Stabilized Appraised Value ($) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;273 | &nbsp;&nbsp;Appraisal Anticipated Stabilization Date | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;274 | &nbsp;&nbsp;USPAP Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;275 | &nbsp;&nbsp;FIRREA Appraisal (Y/N) | &nbsp;&nbsp;Appraisal Report |  |
| &nbsp;&nbsp;276 | &nbsp;&nbsp;Mortgage Loan Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;277 | &nbsp;&nbsp;Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;278 | &nbsp;&nbsp;Collateral Interest Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;279 | &nbsp;&nbsp;Collateral Interest Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;280 | &nbsp;&nbsp;Single-Tenant (Y/N) | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;281 | &nbsp;&nbsp;Property Manager | &nbsp;&nbsp;Management Agreement |  |
| &nbsp;&nbsp;282 | &nbsp;&nbsp;Largest Tenant Name | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;283 | &nbsp;&nbsp;Largest Tenant Square Feet | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;284 | &nbsp;&nbsp;Largest Tenant Square Feet % | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;285 | &nbsp;&nbsp;Largest Tenant Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;286 | &nbsp;&nbsp;2nd Largest Tenant Name | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;287 | &nbsp;&nbsp;2nd Largest Tenant Square Feet | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;288 | &nbsp;&nbsp;2nd Largest Tenant Square Feet % | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;289 | &nbsp;&nbsp;2nd Largest Tenant Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;290 | &nbsp;&nbsp;3rd Largest Tenant Name | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;291 | &nbsp;&nbsp;3rd Largest Tenant Square Feet | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;292 | &nbsp;&nbsp;3rd Largest Tenant Square Feet % | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;293 | &nbsp;&nbsp;3rd Largest Tenant Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;294 | &nbsp;&nbsp;4th Largest Tenant Name | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;295 | &nbsp;&nbsp;4th Largest Tenant Square Feet | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;296 | &nbsp;&nbsp;4th Largest Tenant Square Feet % | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;297 | &nbsp;&nbsp;4th Largest Tenant Expiration Date | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;298 | &nbsp;&nbsp;5th Largest Tenant Name | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;299 | &nbsp;&nbsp;5th Largest Tenant Square Feet | &nbsp;&nbsp;Underwriting File |  |
| &nbsp;&nbsp;300 | &nbsp;&nbsp;5th Largest Tenant Square Feet % | &nbsp;&nbsp;Recalculation |  |
| &nbsp;&nbsp;301 | &nbsp;&nbsp;5th Largest Tenant Expiration Date | &nbsp;&nbsp;Underwriting File |  |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Loan File Review Procedures EXHIBIT A

&nbsp;&nbsp;&nbsp;&nbsp;(1) For the Mortgage Loan Asset identified in Final Data File with a Collateral Interest Number
of "9.00", we were instructed by the representatives of the Company to use a capex support file listing recent capital expenditures
for the purposes of Specified Attribute 14.

&nbsp;&nbsp;&nbsp;&nbsp;(2) For the Mortgaged Properties identified in Final Data File with a Collateral Interest Number
of "19.01," and "19.02", we were instructed by the representatives of the Company to allocate the balances in
Specified Attributes 24, 26, and 27 based on each such mortgaged property's square footage.

&nbsp;&nbsp;&nbsp;&nbsp;(3) For the Mortgage Loan Asset identified in Final Data File with a Collateral Interest Number
of "8.00", we were instructed by the representatives of the Company to use the organizational chart from the Loan Agreement
for the purposes of Specified Attribute 138.

www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

**Exhibit B - Recalculation Methodology**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;25 | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance / Unit ($) | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Mortgage Loan Commitment Original Balance ($) and (ii) Number of Units. <br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Commitment Original Balance / Unit ($) for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;28 | &nbsp;&nbsp;Mortgage Loan Commitment Cut-off Date Balance ($) | &nbsp;&nbsp;Sum of (i) Mortgage Loan Cut-off Date Balance ($) and (ii) Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($). |
| &nbsp;&nbsp;30 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance / Unit ($) | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Mortgage Loan Cut-off Date Balance ($) and (ii) Number of Units.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Cut-off Date Balance / Unit ($) for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;33 | &nbsp;&nbsp;Mortgage Loan Balloon Balance ($) | &nbsp;&nbsp;Set equal to Mortgage Loan Commitment Cut-off Date Balance ($). |
| &nbsp;&nbsp;34 | &nbsp;&nbsp;Mortgage Loan Balloon Balance / Unit ($) | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Mortgage Loan Balloon Balance ($) and (ii) Number of Units.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Balloon Balance / Unit ($) for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;35 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp; For the Mortgage Loan Assets, the product of (A) Mortgage Loan Cut-off Date Balance ($), (B) Mortgage Loan Cut-off Date Interest Rate and (C) Interest Accrual Basis.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Annual Debt Service Payment (IO) ($) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;36 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Set equal to Mortgage Loan Annual Debt Service Payment (IO) ($). |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;37 | &nbsp;&nbsp;Mortgage Loan Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp; For the Mortgage Loan Assets, the product of (A) Mortgage Loan Cut-off Date Balance ($), (B) Mortgage Loan Rate Cap and (C) Interest Accrual Basis.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Annual Debt Service Payment (Cap) ($) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;39 | &nbsp;&nbsp;Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Set equal to Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($). |
| &nbsp;&nbsp;40 | &nbsp;&nbsp;Aggregate Collateral Interest Cut-off Date Balance % | &nbsp;&nbsp;Quotient of (i) Collateral Interest Cut-off Date Balance ($) and (ii) aggregate Collateral Interest Cut-off Date Balance ($) for all the Mortgage Loan Assets. |
| &nbsp;&nbsp;41 | &nbsp;&nbsp;Collateral Interest Balloon Balance ($) | &nbsp;&nbsp;Set equal to Collateral Interest Cut-off Date Balance ($). |
| &nbsp;&nbsp;42 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) product of (A) Collateral Interest Cut-off Date Balance ($) and (B) Mortgage Loan Annual Debt Service Payment (IO) ($) and (ii) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Annual Debt Service Payment (IO) ($) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;43 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Set equal to Collateral Interest Annual Debt Service Payment (IO) ($). |
| &nbsp;&nbsp;44 | &nbsp;&nbsp;Collateral Interest Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) product of (A) Collateral Interest Cut-off Date Balance ($) and (B) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Annual Debt Service Payment (Cap) ($) for each such mortgaged property is set equal to blank. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;45 | &nbsp;&nbsp;Pari Passu Funded Amount | &nbsp;&nbsp; For the Mortgage Loan Assets, the difference between (i) Mortgage Loan Cut-off Date Balance ($) and (ii) sum of (A) Collateral Interest Cut-off Date Balance ($), (B) the amounts listed as previously securitized balances under Pari Passu Balance in Other Securitization and (C) Junior Participation Cut-off Date Balance.<br> For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Pari Passu Funded Amount for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;69 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Interest Rate | &nbsp;&nbsp; For the Mortgage Loan Assets, the greater of (i) sum of (A) Mortgage Loan Margin and (B) Index Rate Assumption applying, if applicable, the Rounding Factor, Time of Rounding (Before Spread, After Spread) and Rounding Direction and (ii) Mortgage Loan Rate Floor.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Cut-off Date Interest Rate for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;70 | &nbsp;&nbsp;Mortgage Loan Rate Floor | &nbsp;&nbsp; For the Mortgage Loan Assets, the sum of (i) Mortgage Loan Margin and (ii) Mortgage Loan Index Floor.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Rate Floor for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;71 | &nbsp;&nbsp;Mortgage Loan Rate Cap | &nbsp;&nbsp; For the Mortgage Loan Assets, the sum of (i) Mortgage Loan Margin and (ii) Mortgage Loan Index Cap.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Rate Cap for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;72 | &nbsp;&nbsp;Collateral Interest Cut-off Date Interest Rate | &nbsp;&nbsp;Set equal to Mortgage Loan Cut-off Date Interest Rate. |
| &nbsp;&nbsp;73 | &nbsp;&nbsp;Collateral Interest Rate Floor | &nbsp;&nbsp;Set equal to Mortgage Loan Rate Floor. |
| &nbsp;&nbsp;74 | &nbsp;&nbsp;Collateral Interest Rate Cap | &nbsp;&nbsp;Set equal to Mortgage Loan Rate Cap. |
| &nbsp;&nbsp;75 | &nbsp;&nbsp;Junior Participation Cut-off Date Interest Rate | &nbsp;&nbsp; For the Mortgage Loan Assets, the greater of (i) sum of (A) Junior Participation Cut-off Date Margin and (B) Index Rate Assumption (subject to rounding conventions), if applicable, and (ii) Junior Participation Rate Floor.<br>For the Mortgage Loan Assets where Junior Participation Cut-off Date Balance is equal to 0, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Junior Participation Cut-off Date Interest Rate for each such mortgaged property is set equal to blank. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;76 | &nbsp;&nbsp;Junior Participation Rate Floor | &nbsp;&nbsp; For the Mortgage Loan Assets, the sum of (i) Junior Participation Cut-off Date Margin and (ii) junior participation index floor per the Participation Agreement, if applicable.<br>For the Mortgage Loan Assets where Junior Participation Cut-off Date Balance is equal to 0, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Junior Participation Rate Floor for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;77 | &nbsp;&nbsp;Junior Participation Rate Cap | &nbsp;&nbsp; For the Mortgage Loan Assets, the sum of (i) Junior Participation Cut-off Date Margin and (ii) junior participation index cap per the Participation Agreement, if applicable.<br>For the Mortgage Loan Assets where Junior Participation Cut-off Date Balance is equal to 0, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Junior Participation Rate Cap for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;80 | &nbsp;&nbsp;Initial IO Period (Remaining) | &nbsp;&nbsp; For the Mortgage Loan Assets, the difference between (i) Initial IO Period and (ii) Seasoning (months).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Initial IO Period (Remaining) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;81 | &nbsp;&nbsp;Original Loan Term (Initial) | &nbsp;&nbsp; For the Mortgage Loan Assets, the count of the number of monthly payment dates, from and inclusive of (i) First Payment Date, to and inclusive of (ii) Initial Maturity Date or Anticipated Repayment Date.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Original Loan Term (Initial) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;82 | &nbsp;&nbsp;Original Loan Term (Remaining) | &nbsp;&nbsp; For the Mortgage Loan Assets, the difference between (i) Original Loan Term (Initial) and (ii) Seasoning (months).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Original Loan Term (Remaining) for each such mortgaged property is set equal to blank. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;85 | &nbsp;&nbsp;Seasoning (months) | &nbsp;&nbsp; For the Mortgage Loan Assets, the count of the number of monthly payment dates, from and inclusive of (i) First Loan Payment Date, to and inclusive of (ii) Cut-off Date. In no event will Seasoning (months) be less than 0.<br> For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Seasoning (months) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;94 | &nbsp;&nbsp;First Extension Floor | &nbsp;&nbsp; For the Mortgage Loan Assets, set equal to Mortgage Loan Index Floor, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the First Extension Floor for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;97 | &nbsp;&nbsp;First Extension Fee | &nbsp;&nbsp; For the Mortgage Loan Assets, the product of (i) Mortgage Loan Commitment Cut-off Date Balance ($) and (ii) First Extension Fee (%), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the First Extension Fee for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;100 | &nbsp;&nbsp;Second Extension Floor | &nbsp;&nbsp; For the Mortgage Loan Assets, set equal to Mortgage Loan Index Floor, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Second Extension Floor for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;103 | &nbsp;&nbsp;Second Extension Fee | &nbsp;&nbsp; For the Mortgage Loan Assets, the product of (i) Mortgage Loan Commitment Cut-off Date Balance ($) and (ii) Second Extension Fee (%), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Second Extension Fee for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;106 | &nbsp;&nbsp;Third Extension Floor | &nbsp;&nbsp; For the Mortgage Loan Assets, set equal to Mortgage Loan Index Floor, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Third Extension Floor for each such mortgaged property is set equal to blank. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;109 | &nbsp;&nbsp;Third Extension Fee | &nbsp;&nbsp; For the Mortgage Loan Assets, the product of (i) Mortgage Loan Commitment Cut-off Date Balance ($) and (ii) Third Extension Fee (%), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Third Extension Fee for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;112 | &nbsp;&nbsp;Fourth Extension Floor | &nbsp;&nbsp; For the Mortgage Loan Assets, set equal to Mortgage Loan Index Floor, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fourth Extension Floor for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;115 | &nbsp;&nbsp;Fourth Extension Fee | &nbsp;&nbsp; For the Mortgage Loan Assets, the product of (i) Mortgage Loan Commitment Cut-off Date Balance ($) and (ii) Fourth Extension Fee (%), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fourth Extension Fee for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;116 | &nbsp;&nbsp;Exit Fee ($) | &nbsp;&nbsp; For the Mortgage Loan Assets, the product of (i) Mortgage Loan Commitment Cut-off Date Balance ($) and (ii) Exit Fee %.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Exit Fee ($) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;120 | &nbsp;&nbsp;Fully Extended IO Period (Remaining) | &nbsp;&nbsp; For the Mortgage Loan Assets, the difference between (i) Fully Extended IO Period (Initial) and (ii) Seasoning (months).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Extended IO Period (Remaining) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;121 | &nbsp;&nbsp;Fully Extended Loan Term (Initial) | &nbsp;&nbsp; For the Mortgage Loan Assets, the count of the number of monthly payment dates, from and inclusive of (i) First Payment Date, to and inclusive of (ii) Fully Extended Maturity Date.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Extended Loan Term (Initial) for each such mortgaged property is set equal to blank. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;122 | &nbsp;&nbsp;Fully Extended Loan Term (Remaining) | &nbsp;&nbsp; For the Mortgage Loan Assets, the difference between (i) Fully Extended Loan Term (Initial) and (ii) Seasoning (months).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Extended Loan Term (Remaining) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;129 | &nbsp;&nbsp;Remaining Call Protection (Cut-off Date) | &nbsp;&nbsp; For the Mortgage Loan Assets, the Initial Prepayment Provision adjusted by the Seasoning (months).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Remaining Call Protection (Cut-off Date) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;139 | &nbsp;&nbsp;Affiliated Sponsor (Y/N) | &nbsp;&nbsp; For the Mortgage Loan Assets, a recalculation in which borrower relationships were identified based on shared Sponsor names. Affiliated Sponsor (Y/N) groups were then assigned numbers based on the descending order of aggregate Collateral Interest Cut-off Date Balance ($) of the related group (starting with Yes - Group 1).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Affiliated Sponsor (Y/N) for each such mortgaged property is set equal to blank. |
| &nbsp;&nbsp;203 | &nbsp;&nbsp;Mortgage Loan Most Recent NOI DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Most Recent NOI and (ii) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Most Recent NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;204 | &nbsp;&nbsp;Mortgage Loan Most Recent NCF DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Most Recent NCF and (ii) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Most Recent NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;205 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Most Recent NOI and (ii) Mortgage Loan Cut-off Date Balance ($), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Cut-off Date Mortgage Loan Most Recent NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;206 | &nbsp;&nbsp;Cut-off Date Mortgage Loan Most Recent NCF Debt Yield | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Most Recent NCF and (ii) Mortgage Loan Cut-off Date Balance ($), if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Cut-off Date Mortgage Loan Most Recent NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;207 | &nbsp;&nbsp;Collateral Interest Most Recent NOI DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Most Recent NOI and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Most Recent NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;208 | &nbsp;&nbsp;Collateral Interest Most Recent NCF DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (1) Most Recent NCF and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Most Recent NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;209 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NOI Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Most Recent NOI and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Cut-off Date Collateral Interest Most Recent NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;210 | &nbsp;&nbsp;Cut-off Date Collateral Interest Most Recent NCF Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Most Recent NCF and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Cut-off Date Collateral Interest Most Recent NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;217 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Underwritten NOI ($) and (ii) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($). For the Mortgage Loan Assets identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "Tapestry Patterson Lane," "745 Fifth Avenue," "The Avery," "Adria," "Maren," "169 Pulaski" and "Fifth Avenue Hotel", we were instructed by the representatives of the Company to assume that the Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR for each such Mortgage Loan Asset is equal to 1.00.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;218 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Underwritten NCF ($) and (ii) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($). For the Mortgage Loan Assets identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "Tapestry Patterson Lane," "745 Fifth Avenue," "The Avery," "Adria," "Maren," "169 Pulaski" and "Fifth Avenue Hotel", we were instructed by the representatives of the Company to assume that the Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR for each such Mortgage Loan Asset is equal to 1.00.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;219 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Underwritten NOI ($) and (ii) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Assets with negative Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;220 | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Underwritten NCF ($) and (ii) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Assets with negative Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;221 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (1) Underwritten NOI ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($). For the Mortgage Loan Assets identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "Tapestry Patterson Lane," "745 Fifth Avenue," "The Avery," "Adria," "Maren," "169 Pulaski" and "Fifth Avenue Hotel", we were instructed by the representatives of the Company to assume that the Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR for each such Mortgage Loan Asset is equal to 1.00.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Cut-off Date Balance Underwritten NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;222 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (1) Underwritten NCF ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($). For the Mortgage Loan Assets identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "Tapestry Patterson Lane," "745 Fifth Avenue," "The Avery," "Adria," "Maren," "169 Pulaski" and "Fifth Avenue Hotel", we were instructed by the representatives of the Company to assume that the Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR for each such Mortgage Loan Asset is equal to 1.00.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Cut-off Date Balance Underwritten NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;223 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Underwritten NOI ($) and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance, if applicable.<br>For the Mortgage Loan Assets with negative Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;224 | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Underwritten NCF ($) and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance, if applicable.<br>For the Mortgage Loan Assets with negative Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;231 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Underwritten Stabilized NOI ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) quotient of (a) Mortgage Loan Commitment Cut-off Date Balance ($) and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.3000o% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;232 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Underwritten Stabilized NCF ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) quotient of (a) Mortgage Loan Commitment Cut-off Date Balance ($) and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.30000% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;233 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Underwritten Stabilized NOI ($) and (ii) Mortgage Loan Balloon Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;234 | &nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Underwritten Stabilized NCF ($) and (ii) Mortgage Loan Balloon Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;235 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Underwritten Stabilized NOI ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.30000% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Underwritten Stabilized NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;236 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Underwritten Stabilized NCF ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.30000% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Underwritten Stabilized NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;237 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Underwritten Stabilized NOI ($) and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Underwritten Stabilized NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;238 | &nbsp;&nbsp;Collateral Interest Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Underwritten Stabilized NOI ($) and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Underwritten Stabilized NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;245 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Appraisal Stabilized NOI ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) quotient of (a) Mortgage Loan Commitment Cut-off Date Balance ($) and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.30000% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;246 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Appraisal Stabilized NCF ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) quotient of (a) Mortgage Loan Commitment Cut-off Date Balance ($) and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.30000% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;247 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Appraisal Stabilized NOI ($) and (ii) Mortgage Loan Balloon Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;248 | &nbsp;&nbsp;Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Appraisal Stabilized NCF ($) and (ii) Mortgage Loan Balloon Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;249 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Appraisal Stabilized NOI ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.30000% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Appraisal Stabilized NOI DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;250 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF DSCR | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (1) Appraisal Stabilized NCF ($) and (2) the product of (i) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($), if applicable, and (ii) quotient of (a) the difference between (x) Mortgage Loan Cut-off Date Balance ($) and (y) Junior Participation Cut-off Date Balance, and (b) Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgage Loan Asset identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "The Foundry", we have taken Mortgage Loan Index Cap of 3.30000% for the purpose of calculating Mortgage Loan Annual Debt Service Payment (Cap) ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Appraisal Stabilized NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;251 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Appraisal Stabilized NOI ($) and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Appraisal Stabilized NOI Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;252 | &nbsp;&nbsp;Collateral Interest Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Appraisal Stabilized NCF ($) and (ii) the difference between (A) Mortgage Loan Cut-off Date Balance ($) and (B) Junior Participation Cut-off Date Balance, if applicable.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Appraisal Stabilized NCF Debt Yield for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;265 | &nbsp;&nbsp;Total Debt Cut-off Date Balance ($) | &nbsp;&nbsp; For the Mortgage Loan Assets, the sum of (i) Mortgage Loan Cut-off Date Balance ($) and (ii) Subordinate Debt Cut-off Date Balance ($). For the Mortgage Loan Assets with a Subordinate Debt Cut-off Date Balance ($) amount of "N/A", is set equal to Mortgage Loan Cut-off Date Balance ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Total Debt Cut-off Date Balance ($) for each such mortgaged property is set equal to blank.<br>|
| &nbsp;&nbsp;266 | &nbsp;&nbsp;Total Debt Cut-off Date As-Is LTV | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Total Debt Cut-off Date Balance ($) and (ii) As-Is Appraised Value ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Total Debt Cut-off Date As-Is LTV for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;267 | &nbsp;&nbsp;Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Underwritten NCF ($) and (ii) the lesser of (A) Mortgage Loan Annual Debt Service Payment (IO) ($) or (B) Mortgage Loan Annual Debt Service Payment (Cap) ($). For the Mortgage Loan Assets identified in the Final Data File with a Subordinate Debt (Y/N) value of "Yes", we were instructed by the representatives of the Company to add to clause (ii) of this procedure the product of (a) Subordinate Debt Cut-off Date Balance ($), (b) Subordinate Debt Interest Rate, subject to subordinate debt floor and cap and (c) 365/360. For the Mortgage Loan Assets identified in the Final Data File with a Collateral Interest/Mortgaged Property Name of "Tapestry Patterson Lane," "745 Fifth Avenue," "The Avery," "Adria," "Maren," "169 Pulaski" and "Fifth Avenue Hotel", we were instructed by the representatives of the Company to assume that the Total Debt Cut-off Date UW NCF DSCR for each such Mortgage Loan Asset is equal to 1.00.<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Total Debt Cut-off Date UW NCF DSCR for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;268 | &nbsp;&nbsp;Total Debt Cut-off Date UW NOI DY | &nbsp;&nbsp; For the Mortgage Loan Assets, the quotient of (i) Underwritten NOI ($) and (ii) Total Debt Cut-off Date Balance ($).<br>For the Mortgage Loan Assets with negative Total Debt Cut-off Date UW NOI DY, set equal to "N/A".<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Total Debt Cut-off Date UW NOI DY for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;276 | &nbsp;&nbsp;Mortgage Loan Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Mortgage Loan Cut-off Date Balance ($) and (ii) As-Is Appraised Value ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Cut-off Date As-Is LTV Ratio for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;277 | &nbsp;&nbsp;Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) Mortgage Loan Commitment Cut-off Date Balance ($) and (ii) Stabilized Appraised Value ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;278 | &nbsp;&nbsp;Collateral Interest Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) the difference between (1) Mortgage Loan Cut-off Date Balance ($) and (2) Junior Participation Cut-off Date Balance, and (ii) As-Is Appraised Value ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Cut-off Date As-Is LTV Ratio for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;279 | &nbsp;&nbsp;Collateral Interest Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;For the Mortgage Loan Assets, the quotient of (i) the difference between (1) Mortgage Loan Commitment Cut-off Date Balance ($) and (2) Junior Participation Cut-off Date Balance, and (ii) Stabilized Appraised Value ($).<br>For the Mortgaged Properties indicated in the Final Data File as securing a part of a portfolio, the Collateral Interest Commitment Maturity Date Stabilized LTV Ratio for each such mortgaged property is set equal to the corresponding amount recomputed for such portfolio's Mortgage Loan Asset. |
| &nbsp;&nbsp;284 | &nbsp;&nbsp;Largest Tenant Square Feet % | &nbsp;&nbsp;For the Mortgaged Properties, the quotient of (i) Largest Tenant Square Feet and (ii) Number of Units. This procedure was not performed for those Mortgaged Properties and Mortgage Loan Assets for which the Property Type for such Mortgaged Property and Mortgage Loan Asset, respectively, was equal to " Multifamily" or "Hospitality" (as set forth in the Final Data File). For the Mortgage Loan Assets with a Largest Tenant Square Feet amount of "Various", is set equal to "Various". |
| &nbsp;&nbsp;288 | &nbsp;&nbsp;2nd Largest Tenant Square Feet % | &nbsp;&nbsp;For the Mortgaged Properties, the quotient of (i) 2nd Largest Tenant Square Feet and (ii) Number of Units. This procedure was not performed for those Mortgaged Properties and Mortgage Loan Assets for which the Property Type for such Mortgaged Property and Mortgage Loan Asset, respectively, was equal to " Multifamily" or "Hospitality" (as set forth in the Final Data File). For the Mortgage Loan Assets with a 2nd Largest Tenant Square Feet amount of "Various", is set equal to "Various". |
| &nbsp;&nbsp;292 | &nbsp;&nbsp;3rd Largest Tenant Square Feet % | &nbsp;&nbsp;For the Mortgaged Properties, the quotient of (i) 3rd Largest Tenant Square Feet and (ii) Number of Units. This procedure was not performed for those Mortgaged Properties and Mortgage Loan Assets for which the Property Type for such Mortgaged Property and Mortgage Loan Asset, respectively, was equal to " Multifamily" or "Hospitality" (as set forth in the Final Data File). For the Mortgage Loan Assets with a 3rd Largest Tenant Square Feet amount of "Various", is set equal to "Various". |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Recalculation Methodology EXHIBIT B

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**#** | &nbsp;&nbsp;**Specified Attribute** | &nbsp;&nbsp;**Recalculation Methodology** |
| &nbsp;&nbsp;296 | &nbsp;&nbsp;4th Largest Tenant Square Feet % | &nbsp;&nbsp;For the Mortgaged Properties, the quotient of (i) 4th Largest Tenant Square Feet and (ii) Number of Units. This procedure was not performed for those Mortgaged Properties and Mortgage Loan Assets for which the Property Type for such Mortgaged Property and Mortgage Loan Asset, respectively, was equal to " Multifamily" or "Hospitality" (as set forth in the Final Data File). For the Mortgage Loan Assets with a 4th Largest Tenant Square Feet amount of "Various", is set equal to "Various". |
| &nbsp;&nbsp;300 | &nbsp;&nbsp;5th Largest Tenant Square Feet % | &nbsp;&nbsp;For the Mortgaged Properties, the quotient of (i) 5th Largest Tenant Square Feet and (ii) Number of Units. This procedure was not performed for those Mortgaged Properties and Mortgage Loan Assets for which the Property Type for such Mortgaged Property and Mortgage Loan Asset, respectively, was equal to " Multifamily" or "Hospitality" (as set forth in the Final Data File). For the Mortgage Loan Assets with a 5th Largest Tenant Square Feet amount of "Various", is set equal to "Various". |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000

FS Rialto 2026-FL11 Issuer, LLC <br> Additional Company Provided Attributes EXHIBIT C

**Exhibit C – Additional Company Provided Attributes**

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| | |
|:---|:---|
| &nbsp;&nbsp;**Collateral Interest Number** | &nbsp;&nbsp;**Specified Attribute** |
| &nbsp;&nbsp;9.00 | &nbsp;&nbsp;Insurance Escrow (Monthly)($); Springing Insurance Escrow Description |

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www.pwc.com PricewaterhouseCoopers LLP300 Madison Avenue, New York, NY 10017T: 646-471-3000