0001539497-24-000997.txt : 20240513 0001539497-24-000997.hdr.sgml : 20240513 20240513144409 ACCESSION NUMBER: 0001539497-24-000997 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240513 DATE AS OF CHANGE: 20240513 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Benchmark 2024-V7 Mortgage Trust CENTRAL INDEX KEY: 0002016841 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-262701-06 FILM NUMBER: 24938466 BUSINESS ADDRESS: STREET 1: 390 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128165343 MAIL ADDRESS: STREET 1: 390 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC CENTRAL INDEX KEY: 0001258361 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance IRS NUMBER: 861073506 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 390 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128165343 MAIL ADDRESS: STREET 1: 390 GREENWICH STREET CITY: NEW YORK STATE: NY ZIP: 10013 FWP 1 n4255_x2-premkta1.htm FWP

 

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-262701-06
     

 

FREE WRITING PROSPECTUS, DATED May 13, 2024

 

The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-262701) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, BMO Capital Markets Corp., Barclays Capital Inc., Drexel Hamilton, LLC, Siebert Williams Shank & Co., LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.

The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.

The information in this File is preliminary and may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.

The securities related to this File are being offered when, as and if issued.  This free writing prospectus is not an offer to sell or a solicitation of an offer to buy such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicer, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, any risk retention consultation parties, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates.  Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.

Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

 

   

BMARK 2024-V7                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                                                   
Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address City County State Zip Code General Property Type Detailed Property Type Year Built Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate % Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($) Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.) Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($) Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($) Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%) Underwritten NCF Debt Yield (%) Appraised Value ($) Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single Tenant (Y/N) Largest Tenant Largest Tenant SF Largest Tenant % of NRA Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date Third Largest Tenant Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone Ownership Interest Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($) Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($) Other Reserve Description Other Reserve Cap ($) Holdback/ Earnout Amount ($) Holdback/ Earnout Description Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%) Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%) Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type Sponsor Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)
Tenants-in-common
(Y/N)
Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($) Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($) Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
                                                      1   2   2                                       3                                             4 4               5           6       6       6       6       6                                                                                             4             4                 8   7                                              
1 Loan   1 28-40 West 23rd Street 9.7% 100.0% CREFI CREFI NAP NAP 28-40 West 23rd Street New York New York New York 10010 Mixed Use Office/Retail 1911 1987 578,105 SF 268.12 80,000,000 80,000,000 80,000,000 6.07000% 0.01667% 6.05333% NAP 410,287.04 NAP 4,923,444.48 Interest Only No Actual/360 60 59 60 59 0 0 4/5/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 3 0 L(25),D(28),O(7) 51,646,088 18,128,650 33,517,438 12/31/2023 T-12 48,016,236 17,307,963 30,708,273 12/31/2022 T-12 46,966,435 15,927,879 31,038,555 12/31/2021 T-12 74.9% 41,557,426 17,664,098 23,893,328 115,621 1,022,942 22,754,765 2.50 2.39 15.4% 14.7% 420,000,000 As Is 2/15/2024 36.9% 36.9% 73.5% 4/1/2024 No Aramis - Estee Lauder 240,500 41.6% 1/31/2028 Home Depot 118,500 20.5% 1/31/2036 RAMP 66,000 11.4% 11/30/2029 NAP NAP NAP NAP NAP NAP NAP NAP 2/23/2024 NAP 2/23/2024 NAP NAP No Fee NAP NAP NAP NAP 4,088,374 1,022,093 0 Springing 0 9,635 346,863 0 0 0 0 0 0 0 27,248,306 0 Future Capital Expenditures Reserve ($23,149,913), Unfunded Obligations Reserve ($4,098,392.94) 0 0 NAP Springing Springing Yes Yes Yes Yes 80,000,000 75,000,000 384,644.09 794,931.13 NAP NAP 155,000,000 794,931.13 36.9% 2.39 15.4% NAP NAP NAP NAP NAP NAP NAP No NAP Robert B. Getreu, Michael T. Cohen and Andrew H. Roos NAP No No Refinance No 155,000,000 12,777,258 0 5,206,287 172,983,545 139,632,947 0 2,013,918 31,336,680 0 0 172,983,545 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
2 Loan   1 1812 North Moore 8.5% 100.0% CREFI CREFI NAP NAP 1812 North Moore Street Arlington Arlington Virginia 22209 Office CBD 2013 NAP 543,697 SF 318.19 70,000,000 70,000,000 68,183,553 7.53000% 0.01667% 7.51333% 490,888.94 445,350.69 5,890,667.28 5,344,208.28 Interest Only, Amortizing Balloon No Actual/360 24 24 60 60 360 360 4/10/2024 0 6 6/6/2024 6/6/2026 5/6/2029 NAP 0 0 L(24),D(29),O(7) 28,300,056 9,525,214 18,774,842 1/31/2024 T-12 28,260,517 9,469,511 18,791,006 12/31/2023 T-12 26,441,098 8,973,322 17,467,776 12/31/2022 T-12 86.7% 33,560,948 9,502,562 24,058,387 108,739 1,360,002 22,589,645 1.65 1.55 13.9% 13.1% 315,000,000 As Is 2/20/2024 54.9% 53.5% 83.8% 3/1/2024 No Nestle USA, Inc. 299,779 55.1% 11/30/2032 Humana Inc. 46,784 8.6% 5/31/2031 Oracle America, Inc. 46,262 8.5% 12/31/2029 Graham Holdings Company 24,023 4.4% 4/30/2040 National Electrical Manufacturers Association 11,839 2.2% 9/30/2036 3/15/2024 NAP 3/15/2024 NAP NAP No Fee NAP NAP NAP NAP 1,847,102 307,850 22,645 2,516 0 9,062 0 0 113,334 0 0 0 0 0 7,781,444 0 Unfunded Obligations Reserve ($6,245,853), Free Rent Reserve ($1,535,591) 0 0 NAP Hard Springing Yes Yes Yes Yes 70,000,000 103,000,000 722,308.01 1,213,196.95 NAP NAP 173,000,000 1,213,196.95 54.9% 1.55 13.9% NAP NAP NAP NAP NAP NAP NAP Yes Mezzanine (Min Combined Debt Yield of 13.25%; Min Combined DSCR of (a) 1.73x to the extent the determination date is prior to May 6, 2026 and (b) 1.55x to the extent the determination date is on or after May 6, 2026; Intercreditor Agreement is required) Anthony Westreich Anthony Westreich No No Refinance No 173,000,000 0 0 6,657,808 179,657,808 160,681,751 0 1,474,724 9,651,191 7,850,142 0 179,657,808 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan   1 Sunroad Centrum 8.5% 100.0% GSBI GSMC NAP NAP 8620 Spectrum Center Boulevard San Diego San Diego California 92123 Office CBD 2008 NAP 274,758 SF 300.12 70,000,000 70,000,000 70,000,000 7.91200% 0.01667% 7.89533% NAP 467,943.52 NAP 5,615,322.24 Interest Only No Actual/360 60 60 60 60 0 0 4/25/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 5 (Once per trailing 12-month period) 0 L(24),D(29),O(7) 6,899,325 3,035,453 3,863,872 2/29/2024 T-12 6,737,537 2,959,182 3,778,355 12/31/2023 T-12 4,217,575 2,311,761 1,905,814 12/31/2022 T-12 96.2% 12,739,675 3,445,066 9,294,609 54,952 194,873 9,044,784 1.41 1.37 11.3% 11.0% 122,000,000 As Is 7/13/2023 67.6% 67.6% 100.0% 4/9/2024 No General Services Administration 120,209 43.8% 5/31/2044 Cypress Insurance Company 34,065 12.4% 12/31/2029 Employment Development Department (EDD) 27,536 10.0% 10/31/2032 AppFolio 25,300 9.2% 1/31/2033 Sunroad Asset Management 24,879 9.1% 4/30/2032 7/27/2023 NAP 7/27/2023 7/27/2023 6% No Fee NAP NAP NAP NAP 133,544 66,772 0 Springing 274,758 Springing 274,758 0 0 0 0 0 0 0 6,166,026 0 Unfunded Obligations Reserve 0 0 NAP Hard Springing Yes Yes Yes Yes 70,000,000 12,460,000 83,293.94 551,237.46 NAP NAP 82,460,000 551,237.46 67.6% 1.37 11.3% NAP NAP NAP NAP NAP NAP NAP No NAP Sunroad Holding Corporation Sunroad Holding Corporation No No Refinance No 82,460,000 0 0 0 82,460,000 64,198,404 0 854,969 6,574,327 10,832,299 0 82,460,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4 Loan   14 Prime Storage - Hudson Valley Portfolio 7.0%   CREFI CREFI Group 1 NAP Various Various Various New York Various Self Storage Self Storage Various Various 826,261 SF 166.41 57,500,000 57,500,000 57,500,000 6.23000% 0.01667% 6.21333% NAP 302,666.96 NAP 3,632,003.52 Interest Only No Actual/360 60 58 60 58 0 0 2/27/2024 2 6 4/6/2024 NAP 3/6/2029 NAP 0 0 L(26),D(28),O(6) 16,050,481 4,303,606 11,746,875 12/31/2023 T-12 15,454,279 4,438,900 11,015,379 12/31/2022 T-12 14,584,959 4,137,392 10,447,567 12/31/2021 T-12 86.4% 16,782,408 4,490,628 12,291,780 134,192 25,190 12,132,398 1.42 1.40 8.9% 8.8% 219,500,000 As Is 1/31/2024 62.6% 62.6% 89.6%                                                                   420,005 105,001 11,373 5,686 0 11,183 0 0 0 0 0 0 0 623,732 0 Springing Debt Service Coverage Ratio Cure Reserve 0 0 NAP Soft Springing Yes No Yes No 57,500,000 80,000,000 421,101.85 723,768.81 NAP NAP 137,500,000 723,768.81 62.6% 1.40 8.9% NAP NAP NAP NAP NAP NAP NAP No NAP Robert Moser Robert Moser No No Acquisition   137,500,000 90,488,519 0 748,859 228,737,378 0 213,000,000 14,564,143 1,173,236 0 0 228,737,378 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.01 Property   1 Prime Storage - New Windsor 1.1% 16.2%         149 Windsor Highway New Windsor Orange New York 12553 Self Storage Self Storage 2009-2024 NAP 113,545 SF   9,308,840 9,308,840 9,308,840                                                     2,412,582 515,056 1,897,526 12/31/2023 T-12 2,300,684 575,031 1,725,653 12/31/2022 T-12 2,200,409 487,664 1,712,745 12/31/2021 T-12 96.5% 2,505,167 533,125 1,972,042 16,843 0 1,955,199         35,600,000 As Is 1/31/2024     96.1% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.02 Property   1 Prime Storage - Wappingers Falls Rt 376 0.8% 11.2%         929 Route 376 Wappingers Falls Dutchess New York 12590 Self Storage Self Storage 2002-2016 NAP 82,800 SF   6,423,892 6,423,892 6,423,892                                                     1,687,002 344,334 1,342,668 12/31/2023 T-12 1,673,609 442,186 1,231,423 12/31/2022 T-12 1,613,207 367,194 1,246,013 12/31/2021 T-12 92.4% 1,726,764 355,500 1,371,265 14,764 0 1,356,500         23,800,000 As Is 1/31/2024     93.9% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.03 Property   1 Prime Storage - Wappingers Falls Rt 9 0.7% 10.5%         1634 Route 9 Wappingers Falls Dutchess New York 12590 Self Storage Self Storage 1984 NAP 82,512 SF   6,042,464 6,042,464 6,042,464                                                     1,681,829 391,116 1,290,713 12/31/2023 T-12 1,684,058 394,299 1,289,759 12/31/2022 T-12 1,610,285 412,666 1,197,619 12/31/2021 T-12 92.8% 1,731,640 401,237 1,330,403 8,361 0 1,322,042         21,200,000 As Is 1/31/2024     93.1% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.04 Property   1 Prime Storage - Hyde Park 0.6% 8.1%         3914 Route 9 Hyde Park Dutchess New York 12538 Self Storage Self Storage 1995-1999 NAP 59,714 SF   4,685,163 4,685,163 4,685,163                                                     1,230,232 288,505 941,727 12/31/2023 T-12 1,216,566 268,258 948,308 12/31/2022 T-12 1,168,595 286,034 882,561 12/31/2021 T-12 94.9% 1,281,997 298,659 983,338 9,865 0 973,473         15,800,000 As Is 1/31/2024     96.0% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.05 Property   1 Prime Storage - Newburgh 0.5% 7.7%         24 Liner Road Newburgh Orange New York 12550 Self Storage Self Storage 1999 NAP 63,320 SF   4,408,443 4,408,443 4,408,443                                                     1,173,043 273,466 899,577 12/31/2023 T-12 1,132,174 283,510 848,664 12/31/2022 T-12 1,055,881 288,256 767,625 12/31/2021 T-12 95.9% 1,225,170 290,723 934,448 5,007 0 929,440         14,000,000 As Is 1/31/2024     95.9% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.06 Property   1 Prime Storage - Highland 0.5% 7.0%         50 North Roberts Road Highland Ulster New York 12528 Self Storage Self Storage 1985-2021 NAP 58,114 SF   4,015,716 4,015,716 4,015,716                                                     1,099,725 296,552 803,173 12/31/2023 T-12 1,036,753 343,765 692,988 12/31/2022 T-12 860,473 289,615 570,858 12/31/2021 T-12 93.2% 1,153,815 305,372 848,443 5,040 0 843,403         12,800,000 As Is 1/31/2024     94.5% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.07 Property   1 Prime Storage - Beacon 0.5% 6.6%         629 Route 52 Beacon Dutchess New York 12508 Self Storage Self Storage 1956, 2023 2017 71,853 SF   3,769,813 3,769,813 3,769,813                                                     913,825 384,343 529,482 12/31/2023 T-12 707,068 325,092 381,976 12/31/2022 T-12 666,903 226,596 440,307 12/31/2021 T-12 45.5% 1,215,620 427,382 788,238 4,171 0 784,067         27,800,000 As Is 1/31/2024     46.9% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.08 Property   1 Prime Storage - Chester 0.5% 6.5%         1108 Kings Highway Chester Orange New York 10918 Self Storage Self Storage 2002-2018 NAP 50,675 SF   3,719,577 3,719,577 3,719,577                                                     983,373 201,497 781,876 12/31/2023 T-12 972,762 249,750 723,012 12/31/2022 T-12 924,315 232,129 692,186 12/31/2021 T-12 90.7% 996,010 210,193 785,817 5,736 0 780,081         12,900,000 As Is 1/31/2024     90.5% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.09 Property   1 Prime Storage - Fishkill 0.4% 5.7%         1078 Route 9 Fishkill Dutchess New York 12524 Self Storage Self Storage 1940, 1983 2020 40,625 SF   3,284,960 3,284,960 3,284,960                                                     906,868 230,021 676,847 12/31/2023 T-12 956,255 244,863 711,392 12/31/2022 T-12 885,686 213,378 672,308 12/31/2021 T-12 87.6% 933,831 236,618 697,213 3,714 0 693,499         12,100,000 As Is 1/31/2024     88.6% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 2/5/2024 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.10 Property   1 Prime Storage - Warwick 0.4% 5.3%         210 Kings Highway Warwick Orange New York 10990 Self Storage Self Storage 1987-1997 NAP 42,855 SF   3,026,110 3,026,110 3,026,110                                                     793,754 168,702 625,052 12/31/2023 T-12 771,753 195,691 576,062 12/31/2022 T-12 730,591 198,079 532,512 12/31/2021 T-12 93.1% 814,940 174,575 640,365 5,751 0 634,614         10,000,000 As Is 1/31/2024     92.9% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.11 Property   1 Prime Storage - Walden 0.3% 4.7%         151 Orange Avenue Walden Orange New York 12586 Self Storage Self Storage 1995-1999 NAP 43,375 SF   2,700,773 2,700,773 2,700,773                                                     716,715 163,848 552,867 12/31/2023 T-12 716,524 161,566 554,958 12/31/2022 T-12 683,949 180,821 503,128 12/31/2021 T-12 89.8% 742,354 165,367 576,988 5,974 0 571,014         9,400,000 As Is 1/31/2024     89.1% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.12 Property   1 Prime Storage - Poughkeepsie 0.3% 4.7%         3 Neptune Road Poughkeepsie Dutchess New York 12601 Self Storage Self Storage 1986 NAP 54,740 SF   2,694,295 2,694,295 2,694,295                                                     1,264,377 642,259 622,118 12/31/2023 T-12 1,182,451 599,410 583,041 12/31/2022 T-12 1,137,012 575,398 561,614 12/31/2021 T-12 90.4% 1,274,680 662,366 612,314 18,293 25,190 568,831         10,700,000 As Is 1/31/2024     95.0% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.13 Property   1 Prime Storage - Saugerties 0.2% 3.5%         2902 Route 9W Saugerties Ulster New York 12477 Self Storage Self Storage 2007-2021 NAP 37,055 SF   1,988,015 1,988,015 1,988,015                                                     642,256 215,250 427,006 12/31/2023 T-12 599,631 189,059 410,572 12/31/2022 T-12 564,671 197,242 367,429 12/31/2021 T-12 92.6% 652,918 229,032 423,886 4,100 0 419,786         7,400,000 As Is 1/31/2024     93.0% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
4.14 Property   1 Prime Storage - Pleasant Valley 0.2% 2.5%         5 Mill Lane Pleasant Valley Dutchess New York 12569 Self Storage Self Storage 1976-1994 NAP 25,078 SF   1,431,938 1,431,938 1,431,938                                                     544,900 188,656 356,244 12/31/2023 T-12 503,991 166,420 337,571 12/31/2022 T-12 482,982 182,321 300,661 12/31/2021 T-12 93.4% 527,501 200,480 327,021 26,571 0 300,450         6,000,000 As Is 1/31/2024     93.0% 1/2/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/3/2024 NAP 2/5/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan   1 Hilton Dual Brand Las Vegas 5.6% 100.0% GACC GACC NAP NAP 755 Sierra Vista Drive Las Vegas Clark Nevada 89169 Hospitality Limited Service/Extended Stay 2020 NAP 250 Rooms 184,000.00 46,000,000 46,000,000 46,000,000 7.93000% 0.01667% 7.91333% NAP 308,205.32 NAP 3,698,463.84 Interest Only No Actual/360 60 59 60 59 0 0 3/28/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(28),O(7) 15,236,027 8,539,383 6,696,644 2/29/2024 T-12 14,377,666 8,343,423 6,034,243 12/31/2023 T-12 12,197,402 7,394,748 4,802,654 12/31/2022 T-12 80.6% 15,236,027 8,597,327 6,638,700 609,441 0 6,029,259 1.79 1.63 14.4% 13.1% 73,100,000 As Is 2/16/2024 62.9% 62.9% 80.6% 2/29/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 6/19/2023 NAP 6/19/2023 NAP NAP No Fee NAP NAP NAP NAP 25,227 25,227 0 Springing 0 4% of Gross Revenue 2,000,000 0 0 0 0 0 0 0 0 0 NAP 0 0 NAP Hard Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Daniel Grimm Daniel Grimm No No Refinance No 46,000,000 0 0 0 46,000,000 45,016,398 0 640,347 25,227 318,029 0 46,000,000 9/30/2039; 9/30/2039 188.70 152.09 80.6% 188.70 152.09 80.6% 180.67 145.15 80.3% 159.27 122.85 77.1%
6 Loan   1 1040 40th Street SE 5.5% 100.0% CREFI CREFI NAP NAP 1040 40th Street Southeast Grand Rapids Kent Michigan 49508 Industrial Warehouse/Distribution 1980 2024 950,000 SF 47.84 45,450,000 45,450,000 45,450,000 7.06000% 0.01667% 7.04333% NAP 271,111.35 NAP 3,253,336.20 Interest Only No Actual/360 61 61 61 61 0 0 5/7/2024 0 6 6/6/2024 NAP 6/6/2029 NAP 0 0 L(24),D(34),O(3) 5,178,123 1,564,530 3,613,593 2/29/2024 T-12 4,973,031 1,498,669 3,474,363 12/31/2023 T-12 NAV NAV NAV NAV NAV 95.8% 6,181,987 1,852,040 4,329,947 133,000 95,000 4,101,947 1.33 1.26 9.5% 9.0% 69,950,000 As Is 4/5/2024 65.0% 65.0% 97.3% 5/1/2024 No Bunzl Retail Services, LLC 714,294 75.2% 4/30/2028 American Seating Company 210,000 22.1% 7/31/2033 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 4/18/2024 NAP 4/18/2024 NAP NAP No Fee NAP NAP NAP NAP 558,466 55,847 0 Springing 420,000 13,656 1,076,000 0 7,917 0 0 0 0 244,283 400,000 Springing Outstanding TI/LC Reserve (Upfront: $400,000), Springing Specified Tenant Renewal Reserve (Monthly: Springing) 0 0 NAP Hard Springing Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Ian Quint Ian Quint No No Refinance No 45,450,000 0 0 0 45,450,000 38,983,369 0 2,341,027 1,622,749 2,502,855 0 45,450,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan   4 Blue Owl Tenneco Portfolio (Pool A)  5.2%   DBRI, SGFC GACC NAP NAP Various Various Various Various Various Industrial Various Various Various 1,256,904 SF 34.21 43,000,000 43,000,000 43,000,000 6.24600% 0.01667% 6.22933% NAP 226,923.54 NAP 2,723,082.48 Interest Only No Actual/360 60 59 60 59 0 0 4/2/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(12),YM1(13),DorYM1(30),O(5) NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 95.0% 7,425,241 222,757 7,202,484 188,536 0 7,013,948 2.64 2.58 16.7% 16.3% 99,600,000 As Is Various 43.2% 43.2% 100.0%                                                                   0 Springing 0 Springing 0 Springing 0 0 Springing 0 0 0 0 0 0 0 NAP 0 0 NAP Hard Springing Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Blue Owl NLT Operating Partnership LP Blue Owl NLT Operating Partnership LP No No Recapitalization   43,000,000 0 0 0 43,000,000 0 0 589,677 0 42,410,323 0 43,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.01 Property   1 3160 Abbott Lane 3.0% 57.8%         3160 Abbott Lane Harrisonburg Harrisonburg City Virginia 22801 Industrial Manufacturing 1960 2007 760,418 SF   24,867,000 24,867,000 24,867,000                                                     NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV         57,600,000 As Is 8/11/2023     100.0% 5/6/2024 Yes Tenneco Inc. 760,418 100.0% 12/31/2042 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 9/1/2023 NAP 9/1/2023 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.02 Property   1 47001 Port Street 1.1% 20.1%         47001 Port Street Plymouth Wayne Michigan 48170 Industrial Flex 1997 2017 138,186 SF   8,635,000 8,635,000 8,635,000                                                     NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV         20,000,000 As Is 8/9/2023     100.0% 5/6/2024 Yes Tenneco Inc. 138,186 100.0% 12/31/2042 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 9/1/2023 NAP 9/1/2023 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.03 Property   1 3901 Willis Road 0.6% 12.3%         3901 Willis Road Grass Lake Jackson Michigan 49240 Industrial Manufacturing 1968 2014 179,133 SF   5,310,000 5,310,000 5,310,000                                                     NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV         12,300,000 As Is 8/9/2023     100.0% 5/6/2024 Yes Tenneco Inc. 179,133 100.0% 12/31/2042 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 9/1/2023 NAP 9/1/2023 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
7.04 Property   1 2845 West State Road 28 0.5% 9.7%         2845 West State Road 28 Frankfort Clinton Indiana 46041 Industrial Manufacturing 1964, 1967, 1993, 1999, 2003 NAP 179,167 SF   4,188,000 4,188,000 4,188,000                                                     NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV         9,700,000 As Is 8/14/2023     100.0% 5/6/2024 Yes Tenneco Inc. 179,167 100.0% 12/31/2042 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 9/1/2023 NAP 9/1/2023 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan   1 1099 New York Avenue 5.1% 100.0% BCREI, AREF2 Barclays NAP NAP 1099 New York Avenue Northwest Washington District of Columbia District of Columbia 20001 Office CBD 2008 NAP 179,585 SF 317.40 42,000,000 42,000,000 42,000,000 6.79700% 0.01667% 6.78033% NAP 241,199.10 NAP 2,894,389.20 Interest Only No Actual/360 60 59 60 59 0 0 3/22/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(28),O(7) 13,966,824 5,804,946 8,161,878 12/31/2023 T-12 12,603,004 5,692,702 6,910,302 12/31/2022 T-12 14,315,394 5,769,975 8,545,419 12/31/2021 T-12 90.0% 14,167,990 6,281,842 7,886,148 35,917 599,727 7,250,505 2.01 1.85 13.8% 12.7% 95,900,000 As Is - Subject to Extraordinary Assumption 2/13/2024 59.4% 59.4% 91.3% 3/13/2024 No Jenner & Block, LLP 83,334 46.4% 7/31/2034 Medialinks TV, LLC 47,414 26.4% 3/31/2033 Securities Industry and Financial Markets Association 17,288 9.6% 10/31/2032 Bruch Law Group PLLC 6,372 3.5% 12/31/2028 FT Casaluca DC, LLC 5,683 3.2% 4/30/2033 2/20/2024 NAP 2/20/2024 NAP NAP No Fee NAP NAP NAP NAP 503,282 251,641 0 Springing 0 2,993 107,751 0 29,931 0 0 0 0 0 13,504,997 0 Outstanding TI Reserve ($10,159,207), Free Rent Reserve ($3,345,790) 0 0 NAP Hard Springing Yes Yes Yes Yes 42,000,000 15,000,000 86,142.53 327,341.63 NAP NAP 57,000,000 327,341.63 59.4% 1.85 13.8% NAP NAP NAP NAP NAP NAP NAP No NAP National Capital Properties VI, LP and Kanden Realty & Development America LLC National Capital Properties VI, LP and Kanden Realty & Development America LLC No No Acquisition No 57,000,000 42,338,772 0 0 99,338,772 0 95,000,000 3,835,491 14,008,279 0 -13,504,997 99,338,772 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan   1 26-30 4th Street 5.0% 100.0% CREFI CREFI NAP NAP 26-30 4th Street Astoria Queens New York 11102 Multifamily Mid Rise 2023 NAP 99 Units 414,141.41 41,000,000 41,000,000 41,000,000 6.64000% 0.01667% 6.62333% NAP 230,017.59 NAP 2,760,211.08 Interest Only No Actual/360 60 60 60 60 0 0 4/10/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(31),O(5) NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 97.0% 3,911,393 558,742 3,352,651 24,750 0 3,327,901 1.21 1.21 8.2% 8.1% 64,400,000 As Is 2/19/2024 63.7% 63.7% 97.0% 3/26/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/5/2024 NAP 3/5/2024 NAP NAP Yes - AE Fee NAP NAP NAP NAP 23,940 4,788 47,164 5,240 0 2,063 0 0 0 0 0 0 0 0 1,125,205 0 Section 421(a) Reserve ($1,108,905), Rent Concession Reserve ($16,300) 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Isaac Stern and Joseph Brunner Isaac Stern and Joseph Brunner No No Refinance No 41,000,000 0 0 0 41,000,000 31,005,069 0 2,259,976 1,244,184 6,490,772 0 41,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan   20 GNL Industrial Portfolio 4.9%   BMO, SGFC, BCREI, KeyBank BMO, Barclays NAP NAP Various Various Various Various Various Various Various Various Various 3,908,306 SF 60.64 40,000,000 40,000,000 40,000,000 5.74400% 0.01667% 5.72733% NAP 194,125.93 NAP 2,329,511.16 Interest Only No Actual/360 60 59 60 59 0 0 4/5/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(11),YM1(14),DorYM1(28),O(7) 30,083,673 1,937,654 28,146,019 12/31/2023 T-12 29,989,517 2,405,590 27,583,927 12/31/2022 T-12 27,940,480 1,352,135 26,588,345 12/31/2021 T-12 100.0% 32,612,362 2,698,321 29,914,041 586,246 0 29,327,795 2.17 2.12 12.6% 12.4% 440,475,000 As Is Various 53.8% 53.8% 100.0%                                                                   376,843 94,211 0 Springing 0 Springing 0 0 Springing 0 0 0 0 0 1,634,412 0 Follet Replacement Work Reserve ($741,402.50), Free Rent Reserve ($553,119), Cott Beverage Concrete Work Reserve ($230,000), Outstanding TI/LC Reserve ($109,890) 0 0 NAP Hard Springing Yes No Yes No 40,000,000 197,000,000 956,070.18 1,150,196.11 NAP NAP 237,000,000 1,150,196.11 53.8% 2.12 12.6% NAP NAP NAP NAP NAP NAP NAP No NAP Global Net Lease Operating Partnership, L.P. Global Net Lease Operating Partnership, L.P. No No Refinance   237,000,000 12,312,601 0 0 249,312,601 240,000,000 0 7,301,346 2,011,255 0 0 249,312,601 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.01 Property   1 FCA USA - Detroit, MI 1.4% 29.7%         6836 Georgia Street Detroit Wayne Michigan 48211 Industrial Warehouse/Distribution 2015 2017, 2020 997,022 SF   11,897,972 11,897,972 11,897,972                                                     9,124,678 980,812 8,143,866 12/31/2023 T-12 8,520,112 650,834 7,869,278 12/31/2022 T-12 7,504,173 492,597 7,011,576 12/31/2021 T-12 100.0% 10,165,096 1,216,851 8,948,245 149,553 0 8,798,692         130,900,000 As Is 2/29/2024     100.0% 5/6/2024 Yes Fiat Chrysler 997,022 100.0% 7/2/2030 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.02 Property   1 Grupo Antolin - Shelby Township, MI 0.6% 11.7%         52888 Shelby Parkway Shelby Township Macomb Michigan 48316 Industrial Manufacturing 2017 NAP 359,807 SF   4,690,110 4,690,110 4,690,110                                                     3,723,073 62,226 3,660,847 12/31/2023 T-12 3,635,451 46,387 3,589,064 12/31/2022 T-12 3,572,514 53,827 3,518,687 12/31/2021 T-12 100.0% 3,862,154 136,993 3,725,161 53,971 0 3,671,190         52,000,000 As Is 2/29/2024     100.0% 5/6/2024 Yes Grupo Antolin 359,807 100.0% 10/31/2032 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.03 Property   1 Follett School - McHenry, IL 0.4% 8.5%         1340 Ridgeview Drive McHenry McHenry Illinois 60050 Industrial Warehouse/Distribution 1996 2002 486,868 SF   3,417,599 3,417,599 3,417,599                                                     2,078,309 15,385 2,062,924 12/31/2023 T-12 2,282,237 242,928 2,039,309 12/31/2022 T-12 2,175,499 14,055 2,161,445 12/31/2021 T-12 100.0% 2,257,626 60,838 2,196,789 73,030 0 2,123,759         37,600,000 As Is 2/28/2024     100.0% 5/6/2024 Yes Follett School Solutions 486,868 100.0% 12/31/2029 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.04 Property   1 Shaw Aero - Naples, FL 0.2% 4.9%         3580 Shaw Boulevard Naples Collier Florida 34117 Industrial Manufacturing/Flex 1999 NAP 130,581 SF   1,954,212 1,954,212 1,954,212                                                     1,339,488 263,265 1,076,223 12/31/2023 T-12 1,258,092 199,160 1,058,932 12/31/2022 T-12 1,185,273 140,625 1,044,648 12/31/2021 T-12 100.0% 1,482,908 319,310 1,163,598 19,587 0 1,144,011         21,500,000 As Is 3/5/2024     100.0% 5/6/2024 Yes Shaw Aero Devices 130,581 100.0% 12/31/2032 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/8/2024 NAP 3/6/2024 NAP NAP Yes - AE Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.05 Property   1 Kuka - Sterling Heights, MI 0.2% 4.5%         7408 Metro Parkway Sterling Heights Macomb Michigan 48312 Industrial Warehouse/Distribution 2006 NAP 200,000 SF   1,813,327 1,813,327 1,813,327                                                     1,189,724 19,724 1,170,000 12/31/2023 T-12 1,167,198 17,198 1,150,000 12/31/2022 T-12 1,145,854 15,854 1,130,000 12/31/2021 T-12 100.0% 1,315,504 54,009 1,261,495 30,000 0 1,231,495         19,950,000 As Is 2/29/2024     100.0% 5/6/2024 Yes KUKA Systems 200,000 100.0% 6/30/2034 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.06 Property   1 ZF Active Safety - Findlay, OH 0.2% 4.4%         1750 Production Drive Findlay Hancock Ohio 45840 Industrial Manufacturing/Warehouse 2018 NAP 216,300 SF   1,767,881 1,767,881 1,767,881                                                     1,700,662 52,029 1,648,633 12/31/2023 T-12 2,181,541 566,121 1,615,420 12/31/2022 T-12 1,613,103 30,166 1,582,937 12/31/2021 T-12 100.0% 1,799,430 88,008 1,711,423 32,445 0 1,678,978         19,450,000 As Is 3/1/2024     100.0% 5/6/2024 Yes ZF Active Safety 216,300 100.0% 10/31/2033 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.07 Property   1 CF Sauer - 184 Suburban 0.2% 4.1%         184 Suburban Road San Luis Obispo San Luis Obispo California 93401 Industrial Manufacturing 1998 NAP 106,066 SF   1,636,085 1,636,085 1,636,085                                                     1,140,189 5,229 1,134,961 12/31/2023 T-12 1,116,127 3,421 1,112,707 12/31/2022 T-12 1,095,495 4,606 1,090,889 12/31/2021 T-12 100.0% 1,198,556 27,502 1,171,054 15,910 0 1,155,144         18,000,000 As Is 3/1/2024     100.0% 5/6/2024 Yes Sauer Brands 106,066 100.0% 7/31/2039 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 3/6/2024 13% No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.08 Property   1 CF Sauer - 728 N Main St. 0.2% 4.1%         728 North Main Street Mauldin Greenville South Carolina 29662 Industrial Warehouse/Distribution 1970 NAP 247,000 SF   1,626,995 1,626,995 1,626,995                                                     1,196,256 12,180 1,184,076 12/31/2023 T-12 1,168,826 7,967 1,160,859 12/31/2022 T-12 1,148,824 10,727 1,138,097 12/31/2021 T-12 100.0% 1,255,057 33,326 1,221,732 37,050 0 1,184,682         17,900,000 As Is 2/29/2024     100.0% 5/6/2024 Yes Sauer Brands 247,000 100.0% 7/31/2039 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/26/2024 NAP 3/13/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA 0.2% 3.6%         130 Enterprise Drive Pittsburgh Allegheny Pennsylvania 15275 Industrial Distribution/Flex 2015 2024 85,646 SF   1,458,842 1,458,842 1,458,842                                                     1,054,508 24,302 1,030,206 12/31/2023 T-12 1,041,968 21,962 1,020,006 12/31/2022 T-12 1,030,165 20,259 1,009,906 12/31/2021 T-12 100.0% 1,120,814 54,362 1,066,453 12,847 0 1,053,606         16,050,000 As Is 2/28/2024     100.0% 5/6/2024 Yes Walgreens 85,646 100.0% 11/30/2030 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.10 Property   1 Hannibal - Houston, TX 0.2% 3.6%         6501 Bingle Road Houston Harris Texas 77092 Industrial Manufacturing/Distribution 1978 2016 109,000 SF   1,445,208 1,445,208 1,445,208                                                     1,437,384 291,247 1,146,137 12/31/2023 T-12 1,440,392 316,728 1,123,664 12/31/2022 T-12 1,418,165 316,534 1,101,631 12/31/2021 T-12 100.0% 1,552,566 340,787 1,211,779 16,350 0 1,195,429         15,900,000 As Is 2/28/2024     100.0% 5/6/2024 Yes Hannibal Industries 109,000 100.0% 9/30/2029 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.11 Property   1 FedEx IV - Lexington, KY 0.2% 3.3%         2024 Buck Lane Lexington Fayette Kentucky 40511 Industrial Warehouse/Distribution 2006 2012 138,487 SF   1,336,136 1,336,136 1,336,136                                                     853,366 12,834 840,532 12/31/2023 T-12 990,505 148,531 841,974 12/31/2022 T-12 960,054 145,240 814,814 12/31/2021 T-12 100.0% 855,554 26,656 828,898 20,773 0 808,125         14,700,000 As Is 3/7/2024     100.0% 5/6/2024 Yes FedEx Ground 138,487 100.0% 4/30/2032 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.12 Property   1 VersaFlex - Kansas City, KS 0.1% 3.1%         686 Adams Street and 33 Shawnee Avenue Kansas City Wyandotte Kansas 66105 Industrial Manufacturing 1977 1990 113,000 SF   1,222,519 1,222,519 1,222,519                                                     720,000 5,328 714,672 12/31/2023 T-12 723,486 3,486 720,000 12/31/2022 T-12 721,756 1,756 720,000 12/31/2021 T-12 100.0% 851,541 20,629 830,912 16,950 0 813,962         13,450,000 As Is 3/4/2024     100.0% 5/6/2024 Yes VersaFlex 113,000 100.0% 12/31/2038 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.13 Property   1 Cott Beverage Inc - Sikeston, MO 0.1% 2.7%         301 Larcel Drive Sikeston New Madrid Missouri 63801 Industrial Warehouse/Distribution 2016 NAP 170,000 SF   1,081,634 1,081,634 1,081,634                                                     920,672 79,649 841,024 12/31/2023 T-12 909,392 80,797 828,595 12/31/2022 T-12 894,780 78,430 816,350 12/31/2021 T-12 100.0% 979,883 112,372 867,512 25,500 0 842,012         11,900,000 As Is 2/28/2024     100.0% 5/6/2024 Yes Cott Beverages 170,000 100.0% 1/31/2027 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 3/6/2024 13% No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD 0.1% 2.6%         1850 Clark Road Havre de Grace Harford Maryland 21078 Industrial Warehouse/Distribution 2002 NAP 120,000 SF   1,027,098 1,027,098 1,027,098                                                     661,814 6,949 654,865 12/31/2023 T-12 646,522 4,435 642,087 12/31/2022 T-12 640,692 2,212 638,480 12/31/2021 T-12 100.0% 700,694 18,761 681,932 18,000 0 663,932         11,300,000 As Is 3/1/2024     100.0% 5/6/2024 Yes Dunlop Protective Footwear 120,000 100.0% 1/17/2031 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.15 Property   1 CSTK - St. Louis, MO 0.1% 2.5%         420 East Carrie Avenue St. Louis City of St. Louis Missouri 63147 Industrial Warehouse 2015 NAP 56,029 SF   1,018,008 1,018,008 1,018,008                                                     995,619 94,628 900,991 12/31/2023 T-12 990,341 87,739 902,602 12/31/2022 T-12 917,357 14,755 902,602 12/31/2021 T-12 100.0% 1,124,754 131,892 992,862 8,404 0 984,458         11,200,000 As Is 2/29/2024     100.0% 5/6/2024 Yes Central States Thermo King 56,029 100.0% 3/25/2030 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.16 Property   1 CF Sauer - 39 S Park Dr. 0.1% 2.5%         39 South Park Drive Mauldin Greenville South Carolina 29607 Industrial Warehouse/Distribution 1982 NAP 152,000 SF   999,830 999,830 999,830                                                     736,155 7,492 728,662 12/31/2023 T-12 719,276 4,901 714,375 12/31/2022 T-12 706,968 6,600 700,367 12/31/2021 T-12 100.0% 772,341 20,506 751,835 22,800 0 729,035         11,000,000 As Is 2/29/2024     100.0% 5/6/2024 Yes Sauer Brands 152,000 100.0% 7/31/2039 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.17 Property   1 AM Castle - Wichita, KS 0.1% 2.4%         3050 South Hydraulic Avenue Wichita Sedgwick Kansas 67216 Industrial Manufacturing 1976 NAP 127,600 SF   963,472 963,472 963,472                                                     750,794 0 750,794 12/31/2023 T-12 747,440 0 747,440 12/31/2022 T-12 767,495 0 767,495 12/31/2021 T-12 100.0% 834,023 22,751 811,272 19,140 0 792,132         10,600,000 As Is 3/5/2024     100.0% 5/6/2024 Yes A.M. Castle & Co 127,600 100.0% 10/31/2029 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/26/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.18 Property   1 CF Sauer - 9 Old Mill Road 0.1% 1.3%         9 Old Mill Road Mauldin Greenville South Carolina 29607 Industrial Warehouse/Distribution 1960 2004 80,000 SF   527,183 527,183 527,183                                                     387,452 3,946 383,506 12/31/2023 T-12 378,568 2,581 375,987 12/31/2022 T-12 372,089 3,475 368,614 12/31/2021 T-12 100.0% 406,497 10,794 395,703 12,000 0 383,703         5,800,000 As Is 2/29/2024     100.0% 5/6/2024 Yes Sauer Brands 80,000 100.0% 7/31/2039 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/15/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.19 Property   1 CF Sauer - 2447 Eunice Avenue 0.0% 0.2%         2447 Eunice Avenue Orlando Orange Florida 32808 Industrial Warehouse/Distribution 1971 NAP 6,900 SF   70,443 70,443 70,443                                                     44,567 230 44,338 12/31/2023 T-12 43,653 222 43,432 12/31/2022 T-12 42,580 225 42,355 12/31/2021 T-12 100.0% 46,876 1,167 45,709 1,035 0 44,674         775,000 As Is 3/4/2024     100.0% 5/6/2024 Yes Sauer Brands 6,900 100.0% 7/31/2039 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10.20 Property   1 CF Sauer - 513 West Butler Road 0.0% 0.1%         513 West Butler Road Mauldin Greenville South Carolina 29662 Office Suburban 2000 2004 6,000 SF   45,447 45,447 45,447                                                     28,962 199 28,763 12/31/2023 T-12 28,391 192 28,199 12/31/2022 T-12 27,646 195 27,452 12/31/2021 T-12 100.0% 30,486 808 29,678 900 0 28,778         500,000 As Is 2/29/2024     100.0% 5/6/2024 Yes Sauer Brands 6,000 100.0% 7/31/2039 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/5/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
11 Loan   1 AC Marriott Bridge Park 4.8% 100.0% CREFI CREFI NAP NAP 6540 Riverside Drive Dublin Franklin Ohio 43017 Hospitality Select Service 2017 NAP 150 Rooms 262,600.00 39,390,000 39,390,000 39,390,000 8.28000% 0.01667% 8.26333% NAP 275,565.88 NAP 3,306,790.56 Interest Only No Actual/360 60 60 60 60 0 0 4/9/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(29),O(7) 14,155,734 9,287,990 4,867,744 2/29/2024 T-12 14,236,398 9,300,197 4,936,201 12/31/2023 T-12 13,204,001 8,908,397 4,295,604 12/31/2022 T-12 78.2% 14,117,057 9,141,486 4,975,571 564,682 0 4,410,888 1.50 1.33 12.6% 11.2% 64,800,000 As Is 3/11/2024 60.8% 60.8% 78.2% 2/29/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/20/2024 NAP 3/20/2024 NAP NAP No Fee NAP NAP NAP NAP 329,430 54,905 62,873 8,982 0 35,293 0 0 0 0 0 0 0 0 0 Springing Seasonality Reserve 0 0 NAP Hard Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Brent D. Crawford and Robert C. Hoying Brent D. Crawford and Robert C. Hoying No No Refinance No 39,390,000 0 0 0 39,390,000 29,377,101 0 1,296,931 392,303 8,323,665 0 39,390,000 9/26/2047 219.33 171.50 78.2% 219.33 171.50 78.2% 218.04 171.92 78.8% 200.01 156.14 78.1%
12 Loan   5 Prime Storage - Blue Portfolio 4.6%   CREFI CREFI Group 1 NAP Various Various Various New Jersey Various Self Storage Self Storage Various Various 247,112 SF 234.71 38,000,000 38,000,000 38,000,000 6.21000% 0.01667% 6.19333% NAP 199,381.25 NAP 2,392,575.00 Interest Only No Actual/360 60 60 60 60 0 0 4/22/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(30),O(6) 7,796,656 3,197,633 4,599,023 1/31/2024 T-12 7,785,895 3,204,085 4,581,810 12/31/2023 T-12 7,583,372 3,139,090 4,444,282 12/31/2022 T-12 91.4% 8,184,298 2,895,573 5,288,725 32,502 0 5,256,223 1.45 1.44 9.1% 9.1% 91,200,000 As Is Various 63.6% 63.6% 92.5%                                                                   164,323 82,162 12,388 1,548 0 2,709 0 0 0 0 0 0 0 3,451,442 0 Springing Debt Service Coverage Ratio Cure Reserve 0 0 NAP Soft Springing Yes No Yes Yes 38,000,000 20,000,000 104,937.50 304,318.75 NAP NAP 58,000,000 304,318.75 63.6% 1.44 9.1% NAP NAP NAP NAP NAP NAP NAP No NAP Robert Moser Prime Storage Fund III, LP No No Acquisition   58,000,000 38,938,868 0 0 96,938,868 0 87,600,000 5,710,714 3,628,153 0 0 96,938,868 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12.01 Property   1 Prime Storage - Union City 1.6% 34.0%         3322, 3330 and 3334 Hudson Avenue and 122 Peter Street Union City Hudson New Jersey 07087 Self Storage Self Storage 1992 NAP 69,217 SF   12,906,897 12,906,897 12,906,897                                                     2,357,687 771,290 1,586,397 1/31/2024 T-12 2,353,184 773,374 1,579,811 12/31/2023 T-12 2,201,878 762,779 1,439,098 12/31/2022 T-12 95.0% 2,490,483 691,083 1,799,399 6,571 0 1,792,828         29,000,000 As Is 3/25/2024     95.4% 2/29/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/12/2024 NAP 1/16/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12.02 Property   1 Prime Storage - Jersey City 1.1% 22.8%         190 Baldwin Avenue Jersey City Hudson New Jersey 07306 Self Storage Self Storage 1992 NAP 44,841 SF   8,648,276 8,648,276 8,648,276                                                     1,750,533 642,921 1,107,612 1/31/2024 T-12 1,750,302 642,547 1,107,755 12/31/2023 T-12 1,696,875 617,895 1,078,980 12/31/2022 T-12 92.9% 1,783,453 582,226 1,201,226 4,064 0 1,197,162         21,500,000 As Is 3/25/2024     93.3% 2/29/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/12/2024 NAP 1/12/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12.03 Property   1 Prime Storage - Newark 1.0% 22.6%         200 Mount Pleasant Avenue Newark Essex New Jersey 07104 Self Storage Self Storage 1925 2014 62,563 SF   8,582,759 8,582,759 8,582,759                                                     1,673,721 684,803 988,918 1/31/2024 T-12 1,672,818 688,895 983,923 12/31/2023 T-12 1,685,224 704,636 980,588 12/31/2022 T-12 89.0% 1,881,836 689,981 1,191,855 6,259 0 1,185,596         19,500,000 As Is 3/23/2024     90.9% 2/29/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/12/2024 NAP 1/12/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12.04 Property   1 Prime Storage - Hoboken 0.6% 13.3%         315 Coles Street Jersey City Hudson New Jersey 07310 Self Storage Self Storage 1990 NAP 34,064 SF   5,044,828 5,044,828 5,044,828                                                     1,200,220 614,452 585,768 1/31/2024 T-12 1,196,368 611,092 585,276 12/31/2023 T-12 1,230,369 599,618 630,751 12/31/2022 T-12 86.4% 1,196,253 490,022 706,231 7,793 0 698,438         13,500,000 As Is 3/25/2024     87.6% 2/29/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/16/2024 NAP 1/16/2024 NAP NAP Yes - AE Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
12.05 Property   1 Prime Storage - Garfield 0.3% 7.4%         170 River Drive Garfield Bergen New Jersey 07026 Self Storage Self Storage 1900 2019 36,427 SF   2,817,241 2,817,241 2,817,241                                                     814,494 484,166 330,328 1/31/2024 T-12 813,223 488,178 325,046 12/31/2023 T-12 769,027 454,161 314,866 12/31/2022 T-12 90.9% 832,274 442,261 390,013 7,815 0 382,198         7,700,000 As Is 3/23/2024     93.0% 2/29/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/12/2024 NAP 1/12/2024 NAP NAP Yes - AE Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan   1 5454 Beethoven Street 4.0% 100.0% GACC GACC NAP NAP 5454 Beethoven Street Los Angeles Los Angeles California 90066 Office Suburban 1969 2000, 2023 87,526 SF 377.03 33,000,000 33,000,000 33,000,000 6.61000% 0.01667% 6.59333% NAP 184,299.65 NAP 2,211,595.80 Interest Only No Actual/360 60 59 60 59 0 0 3/8/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(12),YM1(44),O(4) 4,361,338 730,393 3,630,945 12/31/2023 T-12 3,223,799 367,193 2,856,606 12/31/2022 T-12 NAV NAV NAV NAV NAV 95.0% 4,715,988 966,418 3,749,570 17,505 0 3,732,064 1.70 1.69 11.4% 11.3% 57,900,000 As Is 1/17/2024 57.0% 57.0% 100.0% 5/6/2024 Yes Activision Publishing, Inc. 87,526 100.0% 3/31/2029 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 1/19/2024 NAP 1/17/2024 1/17/2024 12% No Fee NAP NAP NAP NAP 0 Springing 0 Springing 0 1,459 35,016 0 Springing 0 0 0 0 0 0 0 NAP 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Catalpa Capital LLC and the Tanquary 1997 Trust Catalpa Capital LLC and the Tanquary 1997 Trust No No Refinance No 33,000,000 0 0 0 33,000,000 31,191,701 0 1,309,172 0 499,127 0 33,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan   1 Garden State Plaza 3.7% 100.0% GSBI, GACC, Natixis BMO NAP NAP 1 Garden State Plaza Paramus Bergen New Jersey 07652 Retail Super Regional Mall 1957 1981, 1986, 1993, 1994, 2014, 2017, 2021 2,057,906 SF 255.11 30,000,000 30,000,000 30,000,000 6.61300% 0.01842% 6.59458% NAP 167,621.18 NAP 2,011,454.16 Interest Only No Actual/360 60 56 60 56 0 0 12/11/2023 4 6 2/6/2024 NAP 1/6/2029 NAP 0 0 L(28),DorYM1(25),O(7) 137,298,631 39,504,321 97,794,310 9/30/2023 T-12 134,950,113 38,311,371 96,638,742 12/31/2022 T-12 135,602,310 36,432,590 99,169,720 12/31/2021 T-12 92.1% 144,104,515 38,201,821 105,902,693 245,165 931,746 104,725,782 3.01 2.98 20.2% 19.9% 1,814,000,000 As Is 10/23/2023 28.9% 28.9% 94.9% 9/13/2023 No Macy's 439,632 21.4% 7/31/2026 Nordstrom 245,348 11.9% 7/31/2026 Neiman Marcus 141,139 6.9% 8/31/2041 AMC 95,818 4.7% 5/31/2027 Forever 21 38,218 1.9% 4/30/2025 12/1/2023 NAP 10/31/2023 NAP NAP Yes - AE Fee NAP NAP NAP NAP 0 Springing 0 Springing 0 Springing 367,747 0 Springing 1,838,735 0 0 0 0 0 0 NAP 0 0 NAP Hard Springing Yes No Yes No 30,000,000 495,000,000 2,765,749.48 2,933,370.66 NAP NAP 525,000,000 2,933,370.66 28.9% 2.98 20.2% NAP NAP NAP NAP NAP NAP NAP No NAP Unibail-Rodamco-Westfield and affiliates of The Prudential Assurance Company Limited NAP No No Refinance No 525,000,000 8,659,157 0 0 533,659,157 526,745,637 0 6,913,520 0 0 0 533,659,157 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan   1 148-15 89th Ave 3.4% 100.0% CREFI CREFI NAP NAP 148-15 89th Avenue Jamaica Queens New York 11435 Multifamily Mid Rise 2023 NAP 69 Units 405,797.10 28,000,000 28,000,000 28,000,000 6.75000% 0.01667% 6.73333% NAP 159,687.50 NAP 1,916,250.00 Interest Only No Actual/360 60 60 60 60 0 0 5/3/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(31),O(5) NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 95.8% 2,787,653 314,803 2,472,849 17,250 0 2,455,599 1.29 1.28 8.8% 8.8% 43,600,000 As Is 2/29/2024 64.2% 64.2% 95.7% 4/8/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/12/2024 NAP 3/12/2024 NAP NAP No Fee NAP NAP NAP NAP 15,106 2,518 23,667 3,944 0 1,438 0 0 0 0 0 0 0 2,500 500,295 0 Section 421-a Reserve 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Sam Rubin Sam Rubin No No Refinance No 28,000,000 0 0 0 28,000,000 22,276,539 0 1,184,453 541,568 3,997,440 0 28,000,000 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan   7 Manhattan Avenue Portfolio 2.5%   CREFI CREFI Group 2 NAP Various Brooklyn Kings New York 11222 Various Various Various Various 33 Units 612,121.21 20,200,000 20,200,000 20,200,000 6.42000% 0.01667% 6.40333% NAP 109,570.97 NAP 1,314,851.64 Interest Only No Actual/360 60 59 60 59 0 0 4/5/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(28),O(7) 2,022,027 408,112 1,613,915 2/29/2024 T-12 1,960,451 401,370 1,559,081 12/31/2023 T-12 1,629,688 319,641 1,310,048 12/31/2022 T-12 96.4% 2,059,990 391,156 1,668,834 9,593 17,996 1,641,246 1.27 1.25 8.3% 8.1% 30,250,000 As Is 3/11/2024 66.8% 66.8% 100.0%                                                                   14,966 14,966 19,705 6,568 0 799 0 0 1,492 0 0 0 0 17,020 110,000 0 Unfunded Obligations Reserve 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP TNREF III REIV LLC, True North Real Estate Fund III, L.P. and Eric Mann TNREF III REIV LLC, True North Real Estate Fund III, L.P. and Eric Mann No No Refinance                           NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.01 Property   1 574 Manhattan Avenue 0.6% 23.2%         574 Manhattan Avenue Brooklyn Kings New York 11222 Mixed Use Multifamily/Retail 1931 2021 9 Units   4,687,520 4,687,520 4,687,520                                                     467,732 112,804 354,928 2/29/2024 T-12 465,627 110,279 355,348 12/31/2023 T-12 365,450 75,494 289,956 12/31/2022 T-12 96.7% 471,148 86,045 385,103 2,348 1,895 380,860         7,000,000 As Is 3/11/2024     100.0% 3/22/2024 No Zena Ventures I, LLC DBA Sit Still 650 100.0% 3/21/2032 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.02 Property   1 602 Manhattan Avenue 0.4% 16.7%         602 Manhattan Avenue Brooklyn Kings New York 11222 Mixed Use Multifamily/Retail 2010 NAP 8 Units   3,380,635 3,380,635 3,380,635                                                     344,327 58,064 286,263 2/29/2024 T-12 342,444 59,434 283,009 12/31/2023 T-12 328,987 53,653 275,334 12/31/2022 T-12 96.5% 342,975 63,500 279,475 2,218 2,582 274,676         5,650,000 As Is 3/11/2024     100.0% 3/22/2024 No Spring House Nail Corp, 1,450 100.0% 6/1/2030 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.03 Property   1 592 Manhattan Avenue 0.4% 14.7%         592 Manhattan Avenue Brooklyn Kings New York 11222 Mixed Use Multifamily/Retail 1931 2018 4 Units   2,977,015 2,977,015 2,977,015                                                     297,709 55,463 242,245 2/29/2024 T-12 287,054 51,657 235,397 12/31/2023 T-12 269,515 42,311 227,205 12/31/2022 T-12 96.3% 304,482 58,332 246,150 1,210 3,058 241,882         4,400,000 As Is 3/11/2024     100.0% 3/22/2024 No GENTRY 1,400 100.0% 4/30/2026 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.04 Property   1 595 Manhattan Avenue 0.3% 12.6%         595 Manhattan Avenue Brooklyn Kings New York 11222 Mixed Use Multifamily/Retail 1931 2018 2 Units   2,536,645 2,536,645 2,536,645                                                     216,676 39,225 177,450 2/29/2024 T-12 195,706 38,375 157,331 12/31/2023 T-12 133,420 28,529 104,891 12/31/2022 T-12 96.1% 245,548 35,229 210,319 763 3,455 206,102         3,700,000 As Is 3/11/2024     100.0% 3/22/2024 No YHG Hospitality Inc. 1,750 100.0% 7/31/2032 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.05 Property   1 591 Manhattan Avenue 0.3% 12.3%         591 Manhattan Avenue Brooklyn Kings New York 11222 Mixed Use Multifamily/Retail 1931 2018 2 Units   2,480,585 2,480,585 2,480,585                                                     245,700 39,615 206,085 2/29/2024 T-12 243,100 38,515 204,585 12/31/2023 T-12 234,406 28,658 205,748 12/31/2022 T-12 96.0% 246,613 40,731 205,882 778 3,557 201,547         3,600,000 As Is 3/11/2024     100.0% 3/22/2024 No Met Wine & Liquor Corp. 1,850 100.0% 9/21/2030 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.06 Property   1 593 Manhattan Avenue 0.3% 12.2%         593 Manhattan Avenue Brooklyn Kings New York 11222 Mixed Use Multifamily/Retail 1931 2018 2 Units   2,471,970 2,471,970 2,471,970                                                     246,576 36,750 209,826 2/29/2024 T-12 225,206 36,278 188,927 12/31/2023 T-12 120,180 35,575 84,605 12/31/2022 T-12 96.1% 245,307 40,234 205,073 778 3,448 200,847         3,600,000 As Is 3/11/2024     100.0% 3/22/2024 No Built Different Bk, LLC DBA Hide and Seek 1,850 100.0% 7/31/2032 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.07 Property   1 872 Lorimer Street 0.2% 8.2%         872 Lorimer Street Brooklyn Kings New York 11222 Multifamily Low Rise 1931 NAP 6 Units   1,665,630 1,665,630 1,665,630                                                     203,308 66,191 137,117 2/29/2024 T-12 201,315 66,831 134,483 12/31/2023 T-12 177,730 55,422 122,308 12/31/2022 T-12 97.0% 203,917 67,085 136,832 1,500 0 135,332         2,300,000 As Is 3/11/2024     100.0% 3/22/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan   1 Columbus Business Park 1.7% 100.0% 3650 REIT, JPMCB BMO NAP NAP 4545 Fisher Road Columbus Franklin Ohio 43228 Industrial Warehouse/Distribution 1976 2012-2023 2,183,325 SF 28.40 14,000,000 14,000,000 14,000,000 7.04000% 0.01667% 7.02333% NAP 83,274.07 NAP 999,288.84 Interest Only No Actual/360 60 60 60 60 0 0 4/19/2024 0 5 6/5/2024 NAP 5/5/2029 NAP 0 0 L(24),DorYM1(30),O(6) 11,447,223 3,456,686 7,990,537 1/31/2024 T-12 11,265,521 3,405,931 7,859,590 12/31/2023 T-12 8,717,178 3,254,004 5,463,174 12/31/2022 T-12 92.6% 12,831,872 3,531,569 9,300,303 218,333 467,930 8,614,040 2.10 1.95 15.0% 13.9% 147,000,000 As Is 2/13/2024 42.2% 42.2% 88.2% 2/28/2024 No Ford Motor Company 909,287 41.6% 4/30/2028 Redhawk Global 409,599 18.8% 7/1/2027 US 1 Logistics LLC 169,871 7.8% 7/31/2027 PECO Pallet 116,643 5.3% 10/31/2024 Lexington Logistics 110,995 5.1% 1/6/2025 3/5/2024 NAP 2/29/2024 NAP NAP No Fee NAP NAP NAP NAP 89,418 15,350 0 Springing 0 0 0 0 45,480 2,000,000 0 0 0 0 862,381 0 Outstanding TI/LC Reserve ($567,233.09), Free Rent Reserve ($295,147.85) 0 0 NAP Hard Springing Yes No Yes No 14,000,000 48,000,000 285,511.12 368,785.19 NAP NAP 62,000,000 368,785.19 42.2% 1.95 15.0% NAP NAP NAP NAP NAP NAP NAP No NAP ICP & IRG Stuart Lichter, Christopher Semarjian and John Mase No Yes Refinance No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan   6 LocalStorage Portfolio 1.7%   GSBI GSMC NAP NAP Various Various Various Various Various Self Storage Self Storage Various Various 185,504 SF 75.47 14,000,000 14,000,000 14,000,000 6.81000% 0.01667% 6.79333% NAP 80,553.47 NAP 966,641.64 Interest Only No Actual/360 60 60 60 60 0 0 4/12/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(29),O(7) 1,849,367 640,596 1,208,772 12/31/2023 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 100.0% 1,889,674 614,202 1,275,473 18,550 0 1,256,922 1.32 1.30 9.1% 9.0% 23,800,000 As Is Portfolio 1/30/2024 58.8% 58.8% 86.4%                                                                   45,934 18,473 0 Springing 0 1,546 0 0 0 0 0 0 0 0 0 0 NAP 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Jonathan Salinas and Washington Street Investment Partners LLC Jonathan Salinas and Washington Street Investment Partners LLC No No Acquisition                           NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.01 Property   1 Local Storage Oakridge 0.5% 29.6%         673 Oakridge Drive Johnstown Cambria Pennsylvania 15904 Self Storage Self Storage 2014 NAP 55,810 SF   4,137,408 4,137,408 4,137,408                                                     477,808 94,171 383,637 12/31/2023 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 100.0% 498,750 128,775 369,975 5,581 0 364,394         7,000,000 As Is 1/26/2024     87.8% 12/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 2/22/2024 NAP 2/22/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.02 Property   1 Access Self Storage 0.3% 17.4%         203 Strykers Road Lopatcong Warren New Jersey 08865 Self Storage Self Storage 2018 NAP 18,074 SF   2,430,180 2,430,180 2,430,180                                                     363,128 194,098 169,030 12/31/2023 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 100.0% 363,128 142,360 220,768 1,807 0 218,960         4,625,000 As Is 1/25/2024     87.8% 12/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 2/22/2024 NAP 2/22/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.03 Property   1 LocalStorage Auburn Grant 0.3% 17.3%         263 Grant Avenue Auburn Cayuga New York 13021 Self Storage Self Storage 1980-1997 NAP 22,800 SF   2,419,032 2,419,032 2,419,032                                                     282,334 69,336 212,998 12/31/2023 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 100.0% 301,699 79,696 222,002 2,280 0 219,722         4,850,000 As Is 1/30/2024     88.6% 12/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 2/22/2024 NAP 2/22/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.04 Property   1 Secure Storage 0.3% 16.9%         1989 South Broadway Geneva Ashtabula Ohio 44041 Self Storage Self Storage 1985 2016 45,600 SF   2,368,725 2,368,725 2,368,725                                                     368,101 122,369 245,731 12/31/2023 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 100.0% 368,101 147,063 221,038 4,560 0 216,478         3,050,000 As Is 2/5/2024     88.0% 12/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 2/22/2024 NAP 2/22/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.05 Property   1 Blue Ridge Self Storage 0.2% 10.5%         3579 Blue Ridge Boulevard Blue Ridge Botetourt Virginia 24064 Self Storage Self Storage 2003 NAP 18,900 SF   1,471,720 1,471,720 1,471,720                                                     191,057 98,035 93,022 12/31/2023 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 100.0% 191,057 56,684 134,373 1,890 0 132,483         2,250,000 As Is 1/24/2024     96.0% 12/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 2/22/2024 NAP 2/22/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18.06 Property   1 Safe Storage 0.1% 8.4%         9004 North 2nd Street Machesney Park Winnebago Illinois 61115 Self Storage Self Storage 2008 NAP 24,320 SF   1,172,936 1,172,936 1,172,936                                                     166,940 62,586 104,353 12/31/2023 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 100.0% 166,940 59,624 107,316 2,432 0 104,884         1,500,000 As Is 2/10/2024     69.7% 12/31/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 10/30/2023 NAP 2/12/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan   2 Crossroads Shopping Center & Jackson Village 1.7%   BMO BMO NAP NAP Various Various Various Various Various Retail Anchored Various NAP 221,677 SF 63.15 14,000,000 14,000,000 14,000,000 7.88000% 0.01667% 7.86333% NAP 93,210.19 NAP 1,118,522.28 Interest Only No Actual/360 60 60 60 60 0 0 4/26/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(29),O(7) 2,452,288 778,554 1,673,734 12/31/2023 T-12 2,251,647 809,536 1,442,111 12/31/2022 T-12 2,103,269 750,978 1,352,291 12/31/2021 T-12 95.0% 2,520,229 775,649 1,744,580 39,902 110,839 1,593,840 1.56 1.42 12.5% 11.4% 22,300,000 As Is Various 62.8% 62.8% 97.0%                                                                   100,818 25,205 0 Springing 0 3,695 0 0 9,237 300,000 0 0 0 120,820 100,000 0 Big Lots Reserve 0 0 NAP Springing Springing Yes Yes No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Herbert A. Tobin Herbert A. Tobin No No Refinance                           NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19.01 Property   1 Crossroads Shopping Center 0.9% 54.9%         501-541 West Oglethorpe Highway Hinesville Liberty Georgia 31313 Retail Anchored 1979, 1994 NAP 129,840 SF   7,690,000 7,690,000 7,690,000                                                     1,372,136 453,064 919,072 12/31/2023 T-12 1,186,434 458,877 727,557 12/31/2022 T-12 1,146,782 377,008 769,774 12/31/2021 T-12 95.0% 1,442,041 439,649 1,002,392 21,534 64,920 915,938         11,700,000 As Is 12/28/2023     96.0% 1/31/2024 No Big Lot Stores Inc   37,200 28.7% 1/31/2029 Beall's Outlet Stores, Inc 25,398 19.6% 1/31/2028 Aaron's LLC 15,953 12.3% 1/31/2030 Its Fashion Metro (CATO) 10,536 8.1% 1/31/2026 Fang's Food & Arcade, LLC 10,000 7.7% 1/31/2028 1/18/2024 NAP 1/18/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19.02 Property   1 Jackson Village Shopping Center 0.8% 45.1%         4400 Lebanon Pike Nashville Davidson Tennessee 37076 Retail Anchored 1981 NAP 91,837 SF   6,310,000 6,310,000 6,310,000                                                     1,080,152 325,490 754,662 12/31/2023 T-12 1,065,213 350,659 714,554 12/31/2022 T-12 956,487 373,970 582,517 12/31/2021 T-12 95.0% 1,078,187 336,000 742,188 18,367 45,919 677,902         10,600,000 As Is 12/27/2023     98.5% 1/31/2024 No The Kroger Company 64,615 70.4% 2/28/2027 CVS Pharmacy Inc 10,722 11.7% 8/31/2025 NAPA Auto Parts (Genuine Parts Company) 7,700 8.4% 1/31/2029 Bombay Brow Salon (Parixitkumar Maheshbhai Patel) 1,600 1.7% 12/31/2024 Func Factory, LLC 1,600 1.7% 11/30/2025 1/18/2024 NAP 1/18/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan   1 620 W 153rd Street 1.2% 100.0% BMO, AREF2 BMO NAP NAP 620 West 153rd Street New York New York New York 10031 Multifamily High Rise 2023 NAP 238 Units 491,596.64 10,000,000 10,000,000 10,000,000 6.13000% 0.01667% 6.11333% NAP 51,792.82 NAP 621,513.84 Interest Only No Actual/360 60 59 60 59 0 0 4/2/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(29),O(6) 7,894,069 1,190,865 6,703,204 2/29/2024 T-3 Ann. NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 94.3% 11,953,146 1,465,007 10,488,139 54,727 23,270 10,410,143 1.44 1.43 9.0% 8.9% 205,200,000 As Is 2/28/2024 57.0% 57.0% 89.9% 4/1/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No Fee NAP NAP NAP NAP 20,811 4,162 150,978 12,582 0 4,561 0 0 1,939 69,804 0 0 0 0 482,738 0 Rent Reserve ($309,400), Rent Concession Reserve ($173,337.50) 0 0 NAP Springing Springing Yes Yes Yes No 10,000,000 107,000,000 554,183.22 605,976.04 NAP NAP 117,000,000 605,976.04 57.0% 1.43 9.0% NAP NAP NAP NAP NAP NAP NAP No NAP Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit No Yes Refinance No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan   1 34-50 28th Street 1.1% 100.0% CREFI CREFI NAP NAP 34-50 28th Street Astoria Queens New York 11106 Multifamily Mid Rise 1930 NAP 76 Units 118,421.05 9,000,000 9,000,000 9,000,000 6.76000% 0.01667% 6.74333% NAP 51,404.17 NAP 616,850.04 Interest Only No Actual/360 60 59 60 59 0 0 3/26/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(28),O(7) 1,500,581 641,416 859,165 12/31/2023 T-12 1,399,067 631,165 767,902 12/31/2022 T-12 NAV NAV NAV NAV NAV 96.6% 1,555,036 644,613 910,423 20,064 0 890,359 1.48 1.44 10.1% 9.9% 13,800,000 As Is 2/29/2024 65.2% 65.2% 97.4% 3/5/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/8/2024 NAP 3/8/2024 NAP NAP No Fee NAP NAP NAP NAP 76,101 25,367 33,651 6,730 0 1,672 0 0 0 0 0 0 0 5,865 0 0 NAP 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Benny Loria, Jr. and Salvatore Lucchese Benny Loria, Jr. and Salvatore Lucchese No Yes Acquisition No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan   1 Fountain Place Apartments 1.1% 100.0% CREFI CREFI NAP NAP 2155 Fontebranda Loop Fern Park Seminole Florida 32730 Multifamily Garden 2002 2019 66 Units 136,363.64 9,000,000 9,000,000 9,000,000 6.32000% 0.01667% 6.30333% NAP 48,058.33 NAP 576,699.96 Interest Only No Actual/360 60 60 60 60 0 0 4/29/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(29),O(7) 1,075,624 375,905 699,718 3/31/2024 T-12 NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 95.0% 1,141,119 374,958 766,162 18,170 0 747,992 1.33 1.30 8.5% 8.3% 13,700,000 As Is 4/1/2024 65.7% 65.7% 97.0% 4/1/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 4/17/2024 NAP 4/17/2024 NAP NAP No Fee NAP NAP NAP NAP 24,497 8,166 17,311 5,770 0 1,513 0 0 0 0 0 0 0 0 0 0 NAP 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Kenneth P. Polsinelli and The Kenneth P. Polsinelli Trust Kenneth P. Polsinelli and The Kenneth P. Polsinelli Trust No No Refinance No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Moove In Self Storage - Franklin 1.1% 100.0% CREFI CREFI NAP NAP 178 North Church Road Hardyston Sussex New Jersey 07416 Self Storage Self Storage 2008 NAP 53,865 SF 162.44 8,750,000 8,750,000 8,750,000 7.27000% 0.01667% 7.25333% NAP 53,746.67 NAP 644,960.04 Interest Only No Actual/360 60 59 60 59 0 0 3/19/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(28),O(7) 1,155,150 393,038 762,112 12/31/2023 T-12 1,097,193 386,655 710,538 12/31/2022 T-12 1,053,513 370,404 683,109 12/31/2021 T-12 85.2% 1,155,150 345,022 810,128 5,386 0 804,742 1.26 1.25 9.3% 9.2% 14,000,000 As Is 10/3/2023 62.5% 62.5% 96.4% 11/30/2023 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/1/2024 NAP 3/4/2024 NAP NAP No Fee NAP NAP NAP NAP 25,819 8,606 0 Springing 0 449 0 0 0 0 0 0 0 0 0 0 NAP 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP John H. Gilliland John H. Gilliland No No Acquisition No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan   2 126 Bedford and 152 Norman 0.9%   CREFI CREFI Group 2 NAP Various Brooklyn Kings New York Various Mixed Use Multifamily/Retail Various Various 11 Units 681,818.18 7,500,000 7,500,000 7,500,000 6.85000% 0.01667% 6.83333% NAP 43,407.12 NAP 520,885.44 Interest Only No Actual/360 60 60 60 60 0 0 4/10/2024 0 6 6/6/2024 NAP 5/6/2029 NAP 0 0 L(24),D(29),O(7) 668,694 131,837 536,856 2/29/2024 T-12 691,157 131,565 559,592 12/31/2023 T-12 662,764 118,860 543,904 12/31/2022 T-12 96.4% 810,198 151,819 658,379 3,073 6,140 649,166 1.26 1.25 8.8% 8.7% 11,900,000 As Is 3/11/2024 63.0% 63.0% 100.0%                                                                   8,764 2,921 34,306 3,119 0 256 0 0 179 0 0 0 0 4,715 58,711 0 Unfunded Obligations Reserve 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP TNREF IV REIV, LLC, True North Real Estate Fund IV, L.P. and Eric Mann TNREF IV REIV, LLC, True North Real Estate Fund IV, L.P. and Eric Mann No No Refinance                           NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.01 Property   1 126 Bedford  0.6% 61.3%         126 Bedford Avenue Brooklyn Kings New York 11249 Mixed Use Multifamily/Retail 1910 2020 5 Units   4,599,710 4,599,710 4,599,710                                                     378,249 64,321 313,928 2/29/2024 T-12 399,517 64,550 334,967 12/31/2023 T-12 390,582 56,201 334,381 12/31/2022 T-12 96.2% 485,934 79,958 405,976 1,400 5,000 399,576         7,150,000 As Is 3/11/2024     100.0% 3/22/2024 No Moonrise Williamsburg LLC 1,000 100.0% 1/31/2034 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24.02 Property   1 152 Norman 0.4% 38.7%         152 Norman Avenue Brooklyn Kings New York 11222 Mixed Use Multifamily/Retail 1928 1999 6 Units   2,900,290 2,900,290 2,900,290                                                     290,445 67,517 222,928 2/29/2024 T-12 291,640 67,016 224,624 12/31/2023 T-12 272,182 62,659 209,523 12/31/2022 T-12 96.6% 324,264 71,861 252,403 1,673 1,140 249,591         4,750,000 As Is 3/11/2024     100.0% 3/22/2024 No Piast European Market  1,150 100.0% 4/1/2026 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/19/2024 NAP 3/19/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan   1 West 144th Street Multi 0.6% 100.0% CREFI CREFI NAP NAP 613-615 and 617-619 West 144th Street New York New York New York 10031 Multifamily Mid Rise 1926 2024 41 Units 117,073.17 4,800,000 4,800,000 4,800,000 6.99000% 0.01667% 6.97333% NAP 28,348.33 NAP 340,179.96 Interest Only No Actual/360 60 59 60 59 0 0 4/5/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(28),O(7) 898,972 432,961 466,011 2/29/2024 T-12 884,537 419,361 465,176 12/31/2023 T-12 842,245 423,404 418,841 12/31/2022 T-12 97.0% 889,102 458,719 430,383 10,250 0 420,133 1.27 1.24 9.0% 8.8% 7,100,000 As Is 2/27/2024 67.6% 67.6% 100.0% 3/1/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/5/2024 NAP 3/5/2024 NAP NAP No Fee NAP NAP NAP NAP 41,371 10,343 7,131 7,131 0 854 0 0 0 0 0 0 0 0 0 0 NAP 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Esshagh Dario Zar Esshagh Dario Zar No No Refinance No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan   2 Teller & Jesup Bronx Portfolio  0.5%   DBRI GACC NAP NAP Various Bronx Bronx New York Various Multifamily Low Rise Various 2023 18 Units 222,222.22 4,000,000 4,000,000 3,830,640 6.80400% 0.01667% 6.78733% 26,087.67 22,995.00 313,052.04 275,940.00 Interest Only, Amortizing Balloon No Actual/360 12 12 60 60 360 360 4/17/2024 0 6 6/6/2024 6/6/2025 5/6/2029 NAP 0 0 L(24),D(31),O(5) NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV 95.0% 478,737 93,324 385,413 4,500 0 380,913 1.23 1.22 9.6% 9.5% 6,350,000 As Is 2/5/2024 63.0% 60.3% 100.0%                                                                   2,421 1,211 12,311 1,437 0 375 0 0 0 0 0 0 0 61,125 0 0 NAP 0 0 NAP Soft Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Chaim Eisdorfer Chaim Eisdorfer No No Refinance                           NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26.01 Property   1 1584 Jesup Avenue 0.2% 51.2%         1584 Jesup Avenue Bronx Bronx New York 10452 Multifamily Low Rise 1930 2023 9 Units   2,047,244 2,047,244 1,960,563                                                     NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV         3,250,000 As Is 2/5/2024     100.0% 3/13/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 2/13/2024 NAP 2/13/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26.02 Property   1 1471 Teller Avenue 0.2% 48.8%         1471 Teller Avenue Bronx Bronx New York 10457 Multifamily Low Rise 1920 2023 9 Units   1,952,756 1,952,756 1,870,076                                                     NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV         3,100,000 As Is 2/5/2024     100.0% 3/13/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 2/13/2024 NAP 2/13/2024 NAP NAP No Fee NAP NAP NAP NAP                                                                                                       No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan   1 1874 Hart Street 0.4% 100.0% CREFI CREFI NAP NAP 1874 Hart Street Ridgewood Queens New York 11385 Multifamily Low Rise 1930 2016 8 Units 412,500.00 3,300,000 3,300,000 3,300,000 6.72000% 0.01667% 6.70333% NAP 18,736.67 NAP 224,840.04 Interest Only No Actual/360 60 59 60 59 0 0 3/28/2024 1 6 5/6/2024 NAP 4/6/2029 NAP 0 0 L(25),D(31),O(4) 315,684 32,235 283,450 12/31/2023 T-12 300,229 28,962 271,267 12/31/2022 T-12 276,117 27,471 248,646 12/31/2021 T-12 97.0% 312,698 32,102 280,596 2,400 0 278,196 1.25 1.24 8.5% 8.4% 5,100,000 As Is 2/23/2024 64.7% 64.7% 100.0% 2/15/2024 NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP 3/11/2024 NAP 3/11/2024 NAP NAP No Fee NAP NAP NAP NAP 0 0 3,313 414 0 300 0 0 0 0 0 0 0 5,750 0 0 NAP 0 0 NAP Springing Springing Yes No No NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP No NAP Moshe Silberstein Moshe Silberstein No No Refinance No                         NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

   

 

Footnotes to Annex A
   
(1) The Administrative Fee Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.
   
(2) The Monthly Debt Service (P&I)($) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.
   
(3) The open period is inclusive of the Maturity Date or Anticipated Repayment Date.
   
(4) Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) are calculated based on amortizing debt service payments (except for interest-only loans).
   
(5) Leased Occupancy (%) includes tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
(6) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. See “Description of the Mortgage Pool—Tenant Issues” in the Preliminary Prospectus for certain examples of the foregoing.
   
(7) If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.
   
(8) Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his or her delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ.

 

   

 

     
  MORTGAGE POOL CHARACTERISTICS
     
  Mortgage Pool Characteristics  
  Initial Pool Balance $821,890,000
  Number of Mortgage Loans 27
  Number of Mortgaged Properties 80
  Average Cut-off Date Balance $30,440,370
  Weighted Average Mortgage Rate 6.86829%
  Weighted Average Remaining Term to Maturity/ARD (months) 59
  Weighted Average Remaining Amortization Term (months) 360
  Weighted Average Cut-off Date LTV Ratio  56.8%
  Weighted Average Maturity Date/ARD LTV Ratio 56.6%
  Weighted Average UW NCF DSCR 1.68x
  Weighted Average Debt Yield on Underwritten NOI 12.2%
  % of Initial Pool Balance of Mortgage Loans that are Interest Only then Amortizing Balloon  9.0%
  % of Initial Pool Balance of Mortgage Loans that are Interest Only  91.0%
  % of Initial Pool Balance of Mortgaged Properties with Single Tenants  14.1%

 

   

 

  COLLATERAL OVERVIEW      
                 
  Mortgage Loans by Loan Seller              
  Mortgage Loan Seller Mortgage Loans Mortgaged Properties Aggregate Cut-off Date Balance % of Initial Pool Balance      
  Citi Real Estate Funding Inc. 15 39 $461,890,000 56.2%      
  German American Capital Corporation 4 8 $126,000,000 15.3%      
  Goldman Sachs Mortgage Company 2 7 $84,000,000 10.2%      
  Bank of Montreal 4 5 $68,000,000 8.3%      
  Barclays 1 1 $42,000,000 5.1%      
  Barclays Commercial Real Estate Inc. / Bank of Montreal 1 20 $40,000,000 4.9%      
  Total 27 80 $821,890,000 100.0%      
                 
  Top 10 Mortgage Loans              
  Top 10 Mortgage Loans Mortgage Loan Seller Cut-off Date Balance ($) % of Initial Pool Balance Cut-off Date LTV UW NOI DY UW NCF DSCR (x) General Property Type
  28-40 West 23rd Street CREFI $80,000,000 9.7% 36.9% 15.4% 2.39 Mixed Use
  1812 North Moore CREFI $70,000,000 8.5% 54.9% 13.9% 1.55 Office
  Sunroad Centrum GSMC $70,000,000 8.5% 67.6% 11.3% 1.37 Office
  Prime Storage - Hudson Valley Portfolio CREFI $57,500,000 7.0% 62.6% 8.9% 1.40 Self Storage
  Hilton Dual Brand Las Vegas GACC $46,000,000 5.6% 62.9% 14.4% 1.63 Hospitality
  1040 40th Street SE CREFI $45,450,000 5.5% 65.0% 9.5% 1.26 Industrial
  Blue Owl Tenneco Portfolio (Pool A) GACC $43,000,000 5.2% 43.2% 16.7% 2.58 Industrial
  1099 New York Avenue Barclays $42,000,000 5.1% 59.4% 13.8% 1.85 Office
  26-30 4th Street CREFI $41,000,000 5.0% 63.7% 8.2% 1.21 Multifamily
  GNL Industrial Portfolio BMO, Barclays $40,000,000 4.9% 53.8% 12.6% 2.12 Various
                 
  Property Types              
  Property Type / Detail Number of Mortgaged Properties Aggregate Cut-off Date Balance ($) % of Initial Pool Balance        
  Office 5 $215,045,447 26.2%        
  CBD 3        182,000,000 22.1        
  Suburban 2          33,045,447 4.0        
  Industrial 25 $142,404,553 17.3%        
  Warehouse/Distribution 12          83,248,216 10.1        
  Manufacturing 7          42,877,185 5.2        
  Flex 1            8,635,000 1.1        
  Manufacturing/Flex 1            1,954,212 0.2        
  Manufacturing/Warehouse 1            1,767,881 0.2        
  Distribution/Flex 1            1,458,842 0.2        
  Manufacturing/Distribution 1            1,445,208 0.2        
  Warehouse 1            1,018,008 0.1        
  Self Storage 26 $118,250,000 14.4%        
  Multifamily 10 $110,765,630 13.5%        
  Mid Rise 4          82,800,000 10.1        
  High Rise 1          10,000,000 1.2        
  Garden 1            9,000,000 1.1        
  Low Rise 4            8,965,630 1.1        
  Mixed Use 9 $106,034,370 12.9%        
  Office/Retail 1          80,000,000 9.7        
  Multifamily/Retail 8          26,034,370 3.2        
  Hospitality 2 $85,390,000 10.4%        
  Limited Service/Extended Stay 1          46,000,000 5.6        
  Select Service 1          39,390,000 4.8        
  Retail 3 $44,000,000 5.4%        
  Super Regional Mall 1          30,000,000 3.7        
  Anchored 2          14,000,000 1.7        
  Total 80 $821,890,000 100.0%        
                 
  Geographic Distribution              
  Property Location Number of Mortgaged Properties Aggregate Cut-off Date Balance ($) % of Initial Pool Balance        
  New York 33 $267,719,032 32.6%        
  California 3        104,636,085 12.7        
  Virginia 3          96,338,720 11.7        
  New Jersey 8          79,180,180 9.6        
  Michigan 6          77,796,409 9.5        
  Ohio 4          57,526,605 7.0        
  Nevada 1          46,000,000 5.6        
  District of Columbia 1          42,000,000 5.1        
  Florida 3          11,024,655 1.3        
  Georgia 1            7,690,000 0.9        
  Tennessee 1            6,310,000 0.8        
  Pennsylvania 2            5,596,250 0.7        
  Illinois 2            4,590,535 0.6        
  Indiana 1            4,188,000 0.5        
  South Carolina 4            3,199,455 0.4        
  Kansas 2            2,185,991 0.3        
  Missouri 2            2,099,642 0.3        
  Texas 1            1,445,208 0.2        
  Kentucky 1            1,336,136 0.2        
  Maryland 1            1,027,098 0.1        
  Total 80 $821,890,000 100.0%        
                 
  Distribution of Amortization Types              
  Amortization Type Number of Mortgage Loans Cut-off Date Balance ($) % of Initial Pool Balance        
  Interest Only 25 $747,890,000 91.0%        
  Interest Only, Amortizing Balloon 2 74,000,000 9.0%        
  Total 27 $821,890,000 100.0%