# EDGAR Filing Document

**Accession Number:** 0001690478
**File Stem:** 0001539497-25-002659
**Filing Date:** 2025-10
**Character Count:** 47155
**Document Hash:** dec04198160932470e5036ed817d2425
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-002659.hdr.sgml**: 20251008

**ACCESSION NUMBER**: 0001539497-25-002659

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251008

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

**FILED AS OF DATE**: 20251008

**DATE AS OF CHANGE**: 20251008

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Commercial mortgages

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LoanCore Capital Credit REIT LLC
- **CENTRAL INDEX KEY:** 0001690478

**ORGANIZATION NAME:**
- **EIN:** 371817095
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03903
- **FILM NUMBER:** 251382623

**BUSINESS ADDRESS:**
- **STREET 1:** 55 RAILROAD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-861-6000

**MAIL ADDRESS:**
- **STREET 1:** 55 RAILROAD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LoanCore Capital Credit REIT LLC
- **CENTRAL INDEX KEY:** 0001690478

**ORGANIZATION NAME:**
- **EIN:** 371817095
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 55 RAILROAD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-861-6000

**MAIL ADDRESS:**
- **STREET 1:** 55 RAILROAD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LoanCore Capital Credit REIT LLC
- **CENTRAL INDEX KEY:** 0001690478

**ORGANIZATION NAME:**
- **EIN:** 371817095
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-03903

**BUSINESS ADDRESS:**
- **STREET 1:** 55 RAILROAD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** 203-861-6000

**MAIL ADDRESS:**
- **STREET 1:** 55 RAILROAD AVENUE
- **STREET 2:** SUITE 100
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-l5G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

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

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

Date of Report (Date of earliest event reported)<u> </u>

Commission File Number of securitizer:<u> </u>

Central Index Key Number of securitizer:<u> </u>

<u> </u>

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) [_]

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

Central Index Key Number of sponsor: <u>0001690478</u>

<u>LoanCore 2025-CRE9 Issuer LLC</u> <br> (Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity: ___________

<u>Tyler Shea, (203) 861-6031</u> <br> Name and telephone number, including area code, of the person to contact in connection with this filing

**INFORMATION TO BE INCLUDED IN THE REPORT**

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

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

See Independent Accountants' Agreed-Upon Procedures Report, dated October 8, 2025, of KPMG LLP, which was obtained by the sponsor, attached as Exhibit 99.1 to this Form ABS-15G, which report sets forth the findings and conclusions, as applicable, of KPMG LLP with respect to certain agreed-upon procedures performed by KPMG LLP.

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

Not applicable.

**Exhibits.**

99.1 Independent Accountants' Agreed-Upon Procedures Report, dated October 8, 2025, of KPMG LLP.

**SIGNATURES**

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

---

| |
|:---|
| Date: October 8, 2025 |
| LOANCORE CAPITAL CREDIT REIT LLC |
| */s/ Tyler Shea* |
| Tyler Shea, Authorized Signatory |

---

**EXHIBIT INDEX**

Exhibit Number Description <br>Exhibit 99.1 Independent Accountants' Agreed-Upon Procedures Report, dated October 8, 2025 of KPMG LLP.

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![](kpmglogo.jpg) |  |
|  | KPMG LLP<br> Suite 900<br> 8350 Broad Street<br> McLean, VA 22102 |

---

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

LoanCore Capital Credit REIT LLC (the "Company") <br> Morgan Stanley & Co. LLC (the "Structuring Agent") <br> Wells Fargo Securities, LLC

J.P. Morgan Securities LLC

Goldman Sachs & Co. LLC (collectively, the "Specified Parties"):

Re: LoanCore 2025-CRE9 Issuer LLC – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "LNCR 2025-CRE9 - Accounting Tape CSR.xlsx" provided by the Company on October 8, 2025 (the "Data File"), containing information on 22 collateral interests (the "Collateral Interests") and the 26 related mortgaged properties (the "Mortgaged Properties") as of October 9, 2025 (the "Cut-off Date"), which we were informed are intended to be included as collateral in the offering by LoanCore 2025-CRE9 Issuer LLC. The Company is responsible for the specified attributes identified by the Company in the Data File.

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;• The
 term "Loan Files" means the electronic copies of source documents provided by
 the Company and listed in Attachment A. We make no representation regarding the validity
 or accuracy of these documents.

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

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

![](kpmglogo.jpg)

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

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

&nbsp;&nbsp;&nbsp;&nbsp;• The
 term "Index Rate Assumption" means the rate of 4.150%, which we were instructed
 to use by the Company where applicable in the Calculation Methodology.

&nbsp;&nbsp;&nbsp;&nbsp;• The
 term "Instructions" means the instructions provided by the Company pertaining
 to a procedure, attribute, or methodology as described in Attachment C.

&nbsp;&nbsp;&nbsp;&nbsp;• The
 term "Provided Information" means the Cut-off Date, Loan Files, Calculation Methodology,
 Index Rate Assumption, and Instructions.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;A. We
 compared the Compared Attributes in the Data File (except for those with "Provided
 by the Company" in the "Provided Compared Attributes" table of Attachment
 A) to the corresponding information included in the Loan Files, utilizing the Instructions,
 as applicable. The Specified Parties indicated that the absence of any of the information
 in the Loan Files or the inability to agree the indicated information from the Data File
 to the Loan Files for each of the attributes identified, utilizing the Instructions as applicable,
 constituted an exception (except for those with "Provided by the Company" in
 the "Provided Compared Attributes" table of Attachment A). The document priority
 is the order provided by the Company, which is listed in the "Source Document(s)"
 column in Attachment A, with the highest priority document listed first.

&nbsp;&nbsp;&nbsp;&nbsp;B. We
 recomputed the Recomputed Attributes in the Data File using (i) the corresponding information
 contained in the Data File, (ii) the Calculation Methodology, and (iii) the Instructions.

We found such information to be in agreement without exception.

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

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

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

![](kpmglogo.jpg)

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

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

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

/s/ KPMG LLP

McLean, Virginia<br> October 8, 2025

**ATTACHMENT A**

**COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| Cross Collateralized and Cross Defaulted Loan Flag | Loan Agreement |
| Property Address | Appraisal Report, Engineering Report |
| City | Appraisal Report |
| State | Appraisal Report |
| Zip Code | Appraisal Report, Engineering Report, USPS |
| County | Appraisal Report |
| Year Built | Appraisal Report, Engineering Report |
| Year Renovated | Appraisal Report, Engineering Report |
| Property Type | Appraisal Report |
| Specific Property Type | Appraisal Report |
| Number of Units | Underwritten Rent Roll |
| Unit of Measure | Underwritten Rent Roll |
| Occupancy (%) | Underwritten Rent Roll |
| Occupancy Date | Underwritten Rent Roll |
| Ownership Interest | Title Policy |
| Loan Purpose | Settlement Statement, Promissory Note, Loan Agreement |
| Note Date | Loan Agreement, Promissory Note |
| First Payment Date | Loan Agreement |
| Mortgage Loan Commitment Original Balance ($) | Loan Agreement, Promissory Note |
| Mortgage Loan Initial Funded Amount ($) | Loan Agreement, Promissory Note |
| Mortgage Loan Cut-off Date Balance ($) | &nbsp;&nbsp;Servicer Report, Loan Agreement, Settlement Statement |
| Future Funding Advance Conditions | Loan Agreement, Promissory Note |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| Collateral Interest Cut-off Date Balance ($) | Servicer Report, Loan Agreement, Settlement Statement |
| Mortgage Loan Balloon Balance ($) | Loan Agreement, Promissory Note |
| Rate Type | Loan Agreement |
| Index | Loan Agreement |
| Mortgage Loan Margin | Loan Agreement |
| Mortgage Loan Margin Change (Y/N) | Loan Agreement |
| Mortgage Loan Margin Change Description | Loan Agreement |
| Mortgage Loan Index Floor | Loan Agreement |
| Mortgage Loan Index Cap | Interest Rate Cap Confirmation |
| Mortgage Loan Index Cap Termination Date | Interest Rate Cap Confirmation |
| Mortgage Loan Index Cap Provider | Interest Rate Cap Confirmation |
| Collateral Interest Margin | Loan Agreement |
| Junior Participation Cut-off Date Balance | Servicer Report, Loan Agreement, Promissory Note |
| Junior Participation Cut-off Date Future Funding Unfunded Balance ($) | Servicer Report, Loan Agreement, Promissory Note |
| Junior Participation Cut-off Date Margin | Loan Agreement, Promissory Note |
| Amortization Type During Initial Term | Loan Agreement |
| ARD Loan (Y/N) | Loan Agreement |
| Initial Maturity Date or Anticipated Repayment Date | Loan Agreement |
| Extension Options (Y/N) | Loan Agreement |
| Extension Options Description | Loan Agreement |
| Amortization Type During Extensions | Loan Agreement |
| First Extension Period (Months) | Loan Agreement |
| First Extension Fee | Loan Agreement |
| First Extension Period Requirements | Loan Agreement |
| First Extension Benchmark Floor | Loan Agreement |
| First Extension Benchmark Cap | Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| Second Extension Period (Months) | Loan Agreement |
| Second Extension Fee | Loan Agreement |
| Second Extension Period Requirements | Loan Agreement |
| Second Extension Benchmark Floor | Loan Agreement |
| Second Extension Benchmark Cap | Loan Agreement |
| Third Extension Period (Months) | Loan Agreement |
| Third Extension Fee | Loan Agreement |
| Third Extension Period Requirements | Loan Agreement |
| Third Extension Benchmark Floor | Loan Agreement |
| Third Extension Benchmark Cap | Loan Agreement |
| Fully Extended Maturity Date | Loan Agreement |
| Third Most Recent As Of Period | Company Underwritten Cash Flow Statement |
| Third Most Recent Revenues | Company Underwritten Cash Flow Statement |
| Third Most Recent Expenses | Company Underwritten Cash Flow Statement |
| Third Most Recent NOI | Company Underwritten Cash Flow Statement |
| Third Most Recent NCF | Company Underwritten Cash Flow Statement |
| Second Most Recent As Of Period | Company Underwritten Cash Flow Statement |
| Second Most Recent Revenues | Company Underwritten Cash Flow Statement |
| Second Most Recent Expenses | Company Underwritten Cash Flow Statement |
| Second Most Recent NOI | Company Underwritten Cash Flow Statement |
| Second Most Recent NCF | Company Underwritten Cash Flow Statement |
| Most Recent As Of Period | Company Underwritten Cash Flow Statement |
| Most Recent Revenues | Company Underwritten Cash Flow Statement |
| Most Recent Expenses | Company Underwritten Cash Flow Statement |
| Most Recent NOI | Company Underwritten Cash Flow Statement |
| Most Recent NCF | Company Underwritten Cash Flow Statement |
| Underwritten Occupancy (%) | Company Underwritten Cash Flow Statement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| Underwritten Revenues ($) | Company Underwritten Cash Flow Statement |
| Underwritten Expenses ($) | Company Underwritten Cash Flow Statement |
| Underwritten NOI ($) | Company Underwritten Cash Flow Statement |
| Underwritten Reserves ($) | Company Underwritten Cash Flow Statement |
| Underwritten NCF ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Occupancy (%) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Revenues ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Expenses ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized NOI ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized Reserves ($) | Company Underwritten Cash Flow Statement |
| Underwritten Stabilized NCF ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Occupancy (%) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Revenues ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Expenses ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized NOI ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized Reserves ($) | Company Underwritten Cash Flow Statement |
| Appraisal Stabilized NCF ($) | Company Underwritten Cash Flow Statement |
| Recourse | Guaranty, Loan Agreement |
| Recourse Provisions | Guaranty, Loan Agreement |
| Recourse Carveout Guarantor | Guaranty, Loan Agreement |
| Sponsor | Guaranty, Loan Agreement |
| Affiliated Sponsor (Y/N) | Guaranty, Loan Agreement |
| Tenants-in-common (Y/N) | Loan Agreement |
| Ground Lease (Y/N) | Ground Lease, Estoppel |
| Annual Ground Lease Payment ($) | Ground Lease, Estoppel |
| Ground Lease Initial Expiration Date | Ground Lease, Estoppel |
| Ground Lease Extension (Y/N) | Ground Lease, Estoppel |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| # of Ground Lease Extension Options | Ground Lease, Estoppel |
| Ground Lease Expiration Date with Extensions | Ground Lease, Estoppel |
| Engineering Report Date | Engineering Report |
| Environmental Report Date (Phase I) | Phase I Environmental Report |
| Environmental Report Date (Phase II) | Phase II Environmental Report |
| Environmental Insurance (Y/N) | Insurance Certificate |
| Seismic Report Date | Seismic Report |
| Seismic PML % | Seismic Report, Engineering Report |
| Seismic Insurance Obtained if PML >= 20% (Y/N) | Seismic Report, Engineering Report, Insurance Certificate |
| Lockbox Type | Cash Management Agreement, Loan Agreement |
| Cash Management Type | Cash Management Agreement, Loan Agreement |
| Cash Management Trigger Event | Cash Management Agreement, Loan Agreement |
| Tax Escrow (Upfront) ($) | Settlement Statement, Loan Agreement |
| Tax Escrow (Cut-off Date) ($) | Servicer Report, Settlement Statement, Loan Agreement |
| Tax Escrow (Monthly) ($) | Loan Agreement, Servicer Report |
| Springing Tax Escrow Description | Loan Agreement |
| Insurance Escrow (Upfront) ($) | Settlement Statement, Loan Agreement |
| Insurance Escrow (Cut-off Date) ($) | Servicer Report, Settlement Statement, Loan Agreement |
| Insurance Escrow (Monthly) ($) | Loan Agreement, Servicer Report |
| Springing Insurance Escrow Description | Loan Agreement |
| Replacement Reserve (Upfront) ($) | Settlement Statement, Loan Agreement |
| Replacement Reserve (Cut-off Date) ($) | Servicer Report, Settlement Statement, Loan Agreement |
| Replacement Reserve (Monthly) ($) | Loan Agreement, Servicer Report |
| Replacement Reserve Cap ($) | Loan Agreement |
| Springing Replacement Reserve Description | Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| TI/LC Reserve (Upfront) ($) | Settlement Statement, Loan Agreement |
| TI/LC Reserve (Cut-off Date) ($) | Servicer Report, Settlement Statement, Loan Agreement |
| TI/LC Reserve (Monthly) ($) | Loan Agreement, Servicer Report |
| TI/LC Reserve Cap ($) | Loan Agreement |
| Springing TI/LC Reserve Description | Loan Agreement |
| Environmental Reserve (Upfront) ($) | Settlement Statement, Loan Agreement |
| Environmental Reserve (Cut-off Date) ($) | Servicer Report, Loan Agreement |
| Engineering/Deferred Maintenance Escrow (Upfront) ($) | Settlement Statement, Loan Agreement |
| Engineering/Deferred Maintenance Escrow (Cut-off Date) ($) | Servicer Report, Loan Agreement |
| Debt Service Reserve (Upfront) ($) | Settlement Statement, Loan Agreement |
| Debt Service Reserve (Cut-off Date) ($) | Servicer Report, Settlement Statement, Loan Agreement |
| Debt Service Reserve (Monthly) ($) | Loan Agreement, Servicer Report |
| Debt Service Reserve Cap ($) | Loan Agreement |
| Springing Debt Service Reserve Description | Loan Agreement |
| Other Reserves (Upfront) ($) | Settlement Statement, Loan Agreement |
| Other Reserves (Cut-Off Date) ($) | Servicer Report, Settlement Statement, Loan Agreement |
| Other Reserves (Monthly) ($) | Loan Agreement, Servicer Report |
| Other Reserves Cap ($) | Loan Agreement |
| Other Reserves Description | Loan Agreement |
| Other Reserves 2 (Upfront) ($) | Settlement Statement, Loan Agreement |
| Other Reserves 2 (Cut-Off Date) ($) | Servicer Report, Settlement Statement, Loan Agreement |
| Other Reserves 2 (Monthly) ($) | Loan Agreement, Servicer Report |
| Other Reserves 2 Cap ($) | Loan Agreement |
| Other Reserves 2 Description | Loan Agreement |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| Subordinate Debt (Y/N) | Loan Agreement, Promissory Note, Mezzanine Loan Agreement |
| Subordinate Debt Type | Loan Agreement, Promissory Note, Mezzanine Loan Agreement |
| Subordinate Debt Margin | Loan Agreement, Promissory Note, Mezzanine Loan Agreement |
| Subordinate Debt Cut-off Date Balance ($) | Servicer Report, Settlement Statement, Loan Agreement, Mezzanine Loan Agreement |
| Future Debt Permitted (Y/N) | Loan Agreement |
| Permitted Future Debt Type | Loan Agreement |
| Grace Period Default (Days) | Loan Agreement |
| Grace Period Late (Days) | Loan Agreement |
| Initial Prepayment Provision | Loan Agreement |
| Remaining Call Protection (Cut-off Date) | Loan Agreement |
| Partial Release and/or Partial Prepayment (Y/N) | Loan Agreement |
| Appraisal Firm | Appraisal Report |
| As-Is Appraisal Valuation Date | Appraisal Report |
| As-Is Appraised Value ($) | Appraisal Report |
| Stabilized Appraised Value ($) | Appraisal Report |
| Appraisal Anticipated Stabilization Date | Appraisal Report |
| Interest Accrual Basis | Loan Agreement |
| Lookback Period | Loan Agreement |
| Single-Tenant (Y/N) | Underwritten Rent Roll |
| Property Manager | Management Agreement, Assignment of Management Agreement, Loan Agreement |
| Largest Tenant Name | Underwritten Rent Roll |
| Largest Tenant Square Feet | Underwritten Rent Roll |
| Largest Tenant Expiration Date | Underwritten Rent Roll |
| 2nd Largest Tenant Name | Underwritten Rent Roll |

---

**ATTACHMENT A**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| 2nd Largest Tenant Square Feet | Underwritten Rent Roll |
| 2nd Largest Tenant Expiration Date | Underwritten Rent Roll |
| 3rd Largest Tenant Name | Underwritten Rent Roll |
| 3rd Largest Tenant Square Feet | Underwritten Rent Roll |
| 3rd Largest Tenant Expiration Date | Underwritten Rent Roll |
| 4th Largest Tenant Name | Underwritten Rent Roll |
| 4th Largest Tenant Square Feet | Underwritten Rent Roll |
| 4th Largest Tenant Expiration Date | Underwritten Rent Roll |
| 5th Largest Tenant Name | Underwritten Rent Roll |
| 5th Largest Tenant Square Feet | Underwritten Rent Roll |
| 5th Largest Tenant Expiration Date | Underwritten Rent Roll |

---

**PROVIDED COMPARED ATTRIBUTES**

---

| | |
|:---|:---|
| **Attribute** | **Source Document(s)** |
| Collateral Interest Number | Provided by the Company |
| Collateral Interest Type | Provided by the Company |
| Collateral Interest Status | Provided by the Company |
| Collateral Interest / Property Flag | Provided by the Company |
| # of Properties | Provided by the Company |
| Collateral Interest/Mortgaged Property Name | Provided by the Company |
| Pari Passu Balance in Other Securitization | Provided by the Company |

---

**ATTACHMENT B**

**RECOMPUTED ATTRIBUTES**

---

| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Mortgage Loan Commitment Original Balance / Unit ($) | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) divided by Number of Units |
| Mortgage Loan Initial Unfunded Future Funding Amount ($) | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) minus Mortgage Loan Initial Funded Amount ($) |
| Mortgage Loan Cut-off Date Balance / Unit ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) divided by Number of Units |
| Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) minus Mortgage Loan Cut-off Date Balance ($) |
| Mortgage Loan Balloon Balance / Unit ($) | &nbsp;&nbsp;Mortgage Loan Balloon Balance ($) divided by Number of Units |
| Mortgage Loan Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) adjusted for Interest Accrual Basis multiplied by Mortgage Loan Cut-off Date Interest Rate |
| Mortgage Loan Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) adjusted for Interest Accrual Basis multiplied by Mortgage Loan Cut-off Date Interest Rate |
| Mortgage Loan Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) adjusted for Interest Accrual Basis multiplied by Mortgage Loan Rate Cap |
| Aggregate Collateral Interest Cut-off Date Balance % | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) divided by the sum of Collateral Interest Cut-off Date Balance ($) for all Collateral Interests |
| Collateral Interest Balloon Balance ($) | &nbsp;&nbsp;Set to equal Collateral Interest Cut-off Date Balance ($) |
| Collateral Interest Future Funding Participation Cut-off Date Unfunded Balance ($) | &nbsp;&nbsp;Set to equal Mortgage Loan Future Funding Participation Cut-off Date Unfunded Balance ($) |
| Collateral Interest Annual Debt Service Payment (IO) ($) | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) adjusted for Interest Accrual Basis multiplied by Collateral Interest Cut-off Date Interest Rate |
| Collateral Interest Annual Debt Service Payment (P&I) ($) | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) adjusted for Interest Accrual Basis multiplied by Collateral Interest Cut-off Date Interest Rate |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Collateral Interest Annual Debt Service Payment (Cap) ($) | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) adjusted for Interest Accrual Basis multiplied by Mortgage Loan Index Cap |
| Pari Passu Funded Amount | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) minus Collateral Interest Cut-off Date Balance ($) |
| Mortgage Loan Cut-off Date Interest Rate | &nbsp;&nbsp;The sum of Index Rate Assumption (rounded up to the nearest 1/16th of 1%) and the Mortgage Loan Margin, subject to Mortgage Loan Rate Floor |
| Mortgage Loan Rate Cap | &nbsp;&nbsp;Mortgage Loan Margin plus Mortgage Loan Index Cap |
| Mortgage Loan Rate Floor | &nbsp;&nbsp;Mortgage Loan Margin plus Mortgage Loan Index Floor |
| Collateral Interest Cut-off Date Interest Rate | &nbsp;&nbsp;The sum of Index Rate Assumption (rounded up to the nearest 1/16th of 1%) and the Collateral Interest Margin, subject to the sum of Mortgage Loan Index Floor and Collateral Interest Margin |
| Junior Participation Balloon Payment ($) | &nbsp;&nbsp;Set to equal Junior Participation Cut-off Date Balance |
| Junior Participation Cut-off Date Interest Rate | &nbsp;&nbsp;The sum of Index Rate Assumption (rounded up to the nearest 1/16th of 1%) and the Junior Participation Cut-off Date Margin |
| Initial IO Period | &nbsp;&nbsp;Set to equal Original Loan Term (Initial) |
| Initial IO Period (Remaining) | &nbsp;&nbsp;Set to equal Original Loan Term (Remaining) |
| Original Loan Term (Initial) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and Initial Maturity Date or Anticipated Repayment Date |
| Original Loan Term (Remaining) | &nbsp;&nbsp;Original Loan Term (Initial) minus Seasoning (months) |
| Seasoning (months) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and Cut-off Date |
| Fully Extended Loan Term (Initial) | &nbsp;&nbsp;Number of payments between and including the First Payment Date and Fully Extended Maturity Date |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Fully Extended Loan Term (Remaining) | &nbsp;&nbsp;Fully Extended Loan Term (Initial) minus Seasoning (months) |
| Mortgage Loan Most Recent NOI DSCR | &nbsp;&nbsp;Most Recent NOI divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($) |
| Mortgage Loan Most Recent NCF DSCR | &nbsp;&nbsp;Most Recent NCF divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($) |
| Cut-off Date Mortgage Loan Most Recent NOI Debt Yield | &nbsp;&nbsp;Most Recent NOI divided by Mortgage Loan Cut- off Date Balance ($) |
| Cut-off Date Mortgage Loan Most Recent NCF Debt Yield | &nbsp;&nbsp;Most Recent NCF divided by Mortgage Loan Cut-off Date Balance ($) |
| Collateral Interest Most Recent NOI DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Most Recent NOI divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($), otherwise Most Recent NOI divided by the lesser of (i) Collateral Interest Annual Debt Service Payment (Cap) ($) and (ii) Collateral Interest Annual Debt Service Payment (IO) ($) |
| Collateral Interest Most Recent NCF DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Most Recent NCF divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($), otherwise Most Recent NCF divided by the lesser of (i) Collateral Interest Annual Debt Service Payment (Cap) ($) and (ii) Collateral Interest Annual Debt Service Payment (IO) ($) |
| Cut-off Date Collateral Interest Most Recent NOI Debt Yield | &nbsp;&nbsp;Most Recent NOI divided by the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount |
| Cut-off Date Collateral Interest Most Recent NCF Debt Yield | &nbsp;&nbsp;Most Recent NCF divided by the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount |
| Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;Underwritten NOI ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($) |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;Underwritten NCF ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($) |
| Mortgage Loan Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Underwritten NOI ($) divided by Mortgage Loan Cut-off Date Balance ($) |
| Mortgage Loan Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Underwritten NCF ($) divided by Mortgage Loan Cut-off Date Balance ($) |
| Collateral Interest Cut-off Date Balance Underwritten NOI DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Underwritten NOI ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($), otherwise Underwritten NOI ($) divided by the lesser of (i) Collateral Interest Annual Debt Service Payment (Cap) ($) and (ii) Collateral Interest Annual Debt Service Payment (IO) ($) |
| Collateral Interest Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Underwritten NCF ($) divided by the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($), otherwise Underwritten NCF ($) divided by the lesser of (i) Collateral Interest Annual Debt Service Payment (Cap) ($) and (ii) Collateral Interest Annual Debt Service Payment (IO) ($) |
| Collateral Interest Cut-off Date Balance Underwritten NOI Debt Yield | &nbsp;&nbsp;Underwritten NOI ($) divided by the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount |
| Collateral Interest Cut-off Date Balance Underwritten NCF Debt Yield | &nbsp;&nbsp;Underwritten NCF ($) divided by the sum of Collateral Interest Cut-off Date Balance ($) and Pari Passu Funded Amount |
| Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;Underwritten Stabilized NOI ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($), and adjusted for Interest Accrual Basis |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;Underwritten Stabilized NCF ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($), and adjusted for Interest Accrual Basis |
| Fully Funded Mortgage Loan Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Underwritten Stabilized NOI ($) divided by Mortgage Loan Balloon Balance ($) |
| Fully Funded Mortgage Loan Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Underwritten Stabilized NCF ($) divided by Mortgage Loan Balloon Balance ($) |
| Collateral Interest Underwritten Stabilized NOI DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Underwritten Stabilized NOI ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and<br> (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($), and adjusted for Interest Accrual Basis, otherwise Underwritten Stabilized NOI ($) divided by the product of (i) the lesser of<br> (a) Collateral Interest Cut-off Date Interest Rate and (b) the sum of Collateral Interest Margin and Mortgage Loan Index Cap, (ii) Collateral Interest Balloon Balance ($), and adjusted for Interest Accrual Basis |
| Collateral Interest Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Underwritten Stabilized NCF ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and<br> (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($), and adjusted for Interest Accrual Basis, otherwise Underwritten Stabilized NCF ($) divided by the product of (i) the lesser of<br> (a) Collateral Interest Cut-off Date Interest Rate and (b) the sum of Collateral Interest Margin and Mortgage Loan Index Cap, (ii) Collateral Interest Balloon Balance ($), and adjusted for Interest Accrual Basis |
| Collateral Interest Underwritten Stabilized NOI Debt Yield | &nbsp;&nbsp;Underwritten Stabilized NOI ($) divided by the sum of Collateral Interest Balloon Balance ($) and Pari Passu Funded Amount |
| Collateral Interest Underwritten Stabilized NCF Debt Yield | &nbsp;&nbsp;Underwritten Stabilized NCF ($) divided by the sum of Collateral Interest Balloon Balance ($) and Pari Passu Funded Amount |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Fully Funded Mortgage Loan Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;Appraisal Stabilized NOI ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($), and adjusted for Interest Accrual Basis |
| Fully Funded Mortgage Loan Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;Appraisal Stabilized NCF ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($), and adjusted for Interest Accrual Basis |
| Fully Funded Mortgage Loan Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NOI ($) divided by Mortgage Loan Balloon Balance ($) |
| Fully Funded Mortgage Loan Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NCF ($) divided by Mortgage Loan Balloon Balance ($) |
| Collateral Interest Appraisal Stabilized NOI DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Appraisal Stabilized NOI ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and<br> (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($) and adjusted for Interest Accrual Basis, otherwise Appraisal Stabilized NOI ($) divided by the product of (i) the lesser of<br> (a) Collateral Interest Cut-off Date Interest Rate and (b) the sum of Collateral Interest Margin and Mortgage Loan Index Cap, (ii) Collateral Interest Balloon Balance ($), and adjusted for Interest Accrual Basis |
| Collateral Interest Appraisal Stabilized NCF DSCR | &nbsp;&nbsp;For Collateral Interests where Subordinate Debt Type is "N/A," Appraisal Stabilized NCF ($) divided by the product of (i) the lesser of (a) Mortgage Loan Cut-off Date Interest Rate and<br> (b) Mortgage Loan Rate Cap, (ii) Mortgage Loan Balloon Balance ($) and adjusted for Interest Accrual Basis, otherwise Appraisal Stabilized NCF ($) divided by the product of (i) the lesser of<br> (a) Collateral Interest Cut-off Date Interest Rate and (b) the sum of Collateral Interest Margin and Mortgage Loan Index Cap, (ii) Collateral Interest Balloon Balance ($), and adjusted for Interest Accrual Basis |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| Collateral Interest Appraisal Stabilized NOI Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NOI ($) divided by the sum of Collateral Interest Balloon Balance ($) and Pari Passu Funded Amount |
| Collateral Interest Appraisal Stabilized NCF Debt Yield | &nbsp;&nbsp;Appraisal Stabilized NCF ($) divided by the sum of Collateral Interest Balloon Balance ($) and Pari Passu Funded Amount |
| Subordinate Debt Interest Rate | &nbsp;&nbsp;The sum of Index Rate Assumption (rounded up to the nearest 1/16th of 1%) and the Subordinate Debt Margin |
| Total Debt Cut-off Date Balance ($) | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) plus Subordinate Debt Cut-off Date Balance ($) |
| Total Debt Cut-off Date As-Is LTV | &nbsp;&nbsp;Total Debt Cut-off Date Balance ($) divided by As-Is Appraised Value ($) |
| Total Debt Cut-off Date UW NCF DSCR | &nbsp;&nbsp;Underwritten NCF ($) divided by the sum of the lesser of (i) Mortgage Loan Annual Debt Service Payment (Cap) ($) and (ii) Mortgage Loan Annual Debt Service Payment (IO) ($) and the product of (a) Subordinate Debt Cut-off Date Balance ($), (b) Subordinate Debt Interest Rate, and adjusted for Interest Accrual Basis, subject to any mezzanine interest rate cap in place |
| Total Debt Cut-off Date UW NOI DY | &nbsp;&nbsp;Underwritten NOI ($) divided by Total Debt Cut- off Date Balance ($) |
| Mortgage Loan Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Mortgage Loan Cut-off Date Balance ($) divided by As-Is Appraised Value ($) |
| Mortgage Loan Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Mortgage Loan Commitment Original Balance ($) divided by Stabilized Appraised Value ($) |
| Collateral Interest Cut-off Date As-Is LTV Ratio | &nbsp;&nbsp;Collateral Interest Cut-off Date Balance ($) plus Pari Passu Funded Amount, divided by As-Is Appraised Value ($) |
| Collateral Interest Commitment Maturity Date Stabilized LTV Ratio | &nbsp;&nbsp;Collateral Interest Balloon Balance ($) plus Pari Passu Funded Amount, divided by Stabilized Appraised Value ($) |
| Largest Tenant Square Feet % | &nbsp;&nbsp;Largest Tenant Square Feet divided by Number of Units |
| 2nd Largest Tenant Square Feet % | &nbsp;&nbsp;2nd Largest Tenant Square Feet divided by Number of Units |

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**ATTACHMENT B**

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| | |
|:---|:---|
| **Attribute** | &nbsp;&nbsp;**Calculation Methodology** |
| 3rd Largest Tenant Square Feet % | &nbsp;&nbsp;3rd Largest Tenant Square Feet divided by Number of Units |
| 4th Largest Tenant Square Feet % | &nbsp;&nbsp;4th Largest Tenant Square Feet divided by Number of Units |
| 5th Largest Tenant Square Feet % | &nbsp;&nbsp;5th Largest Tenant Square Feet divided by Number of Units |

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**ATTACHMENT C**

**INSTRUCTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;1. For
 those Compared Attributes or Recomputed Attributes with the Source Document or Instruction
 indicated as "Provided by the Company" we were instructed by the Company to assume
 the attribute is accurate and not perform any procedure.

&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Collateral Interests "FLIGHT at Tustin Legacy", "The Vic at Interpose",
 "1 North Dale Mabry" and "Brandin Court" were not closed as of the
 date of this report. Therefore, we were not provided the final Promissory Note, Loan Agreement,
 Settlement Statement, Title Policy, Guaranties, Management Agreement, Cash Management Agreement,
 Interest Rate Cap Confirmation, Appraisal Report, Engineering Report, Phase I Environmental
 Report, Phase II Environmental Report, Company Underwritten Cash Flow Statement, Underwritten
 Rent Roll or other source documents and we were instructed by the Company to assume that
 all "Compared Attributes" relating to these collateral interest and related mortgaged
 properties are accurate and not to perform any comparison procedure.

&nbsp;&nbsp;&nbsp;&nbsp;3. We
 were instructed by the Company to follow the instructions listed below pertaining to the
 applicable Collateral Interests and Mortgaged Properties and Compared or Recomputed Attribute(s):

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Collateral Interest Name(s) / Mortgaged Property Name (s)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Compared Attribute(s) or Recomputed Attribute(s)** | &nbsp;&nbsp;&nbsp;&nbsp;**Company Instruction** |
| &nbsp;&nbsp;&nbsp;Preston View; The Jax; Mission Village MHP; Hill Rise Apartments; The Kade | &nbsp;&nbsp;&nbsp;Mortgage Loan Cut-off Date Balance Underwritten NOI DSCR; Mortgage Loan Cut-off Date Balance Underwritten NCF DSCR | &nbsp;&nbsp;&nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;&nbsp;Mission Village MHP; The Kade | &nbsp;&nbsp;&nbsp;Fully Funded Mortgage Loan Underwritten Stabilized NOI DSCR; Fully Funded Mortgage Loan Underwritten Stabilized NCF DSCR | &nbsp;&nbsp;&nbsp;&nbsp;Set to 1.00x |
| &nbsp;&nbsp;TX & AZ BTR Portfolio; West Belt Industrial Park; The Kade | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collateral Interest Cut-off Date <br> Balance ($) | &nbsp;&nbsp;&nbsp;&nbsp;Provided by the Company |
| &nbsp;&nbsp;&nbsp;Skyline MHP | &nbsp;&nbsp;&nbsp;&nbsp;Annual Ground Lease Payment ($) | &nbsp;&nbsp;&nbsp;&nbsp;Provided by the Company |

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