| BANK5 2024-5YR9: Premarketing Annex A-1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 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 (%) | Coop - Committed Secondary Debt | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/Investor Carry |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1 | Loan | | 1 | The Piazza | 9.9% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1001-13 North 2nd Street, 1015 North 2nd Street, 1010 North Hancock Street, 1050 North Hancock Street and 145 West Wildey Street, Unit 1 | Philadelphia | Philadelphia | PA | 19123 | Multifamily | Mid Rise | 2006-2007 | 2019 | 332 | Units | 326,957.83 | 90,000,000 | 90,000,000 | 90,000,000 | 5.91000% | 0.016300% | 5.893700% | NAP | 449,406.25 | NAP | 5,392,875.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/5/2024 | 0 | 5 | 9/5/2024 | NAP | 8/5/2029 | NAP | 0 | 0 | L(24),YM1(30),O(6) | 11,012,162 | 3,824,557 | 7,187,606 | 4/30/2024 | T-12 | 10,942,780 | 3,830,341 | 7,112,438 | 12/31/2023 | T-12 | 10,087,435 | 3,930,171 | 6,157,265 | 12/31/2022 | T-12 | 90.7% | 12,813,095 | 3,925,483 | 8,887,612 | 87,307 | 0 | 8,800,305 | 1.37 | 1.35 | 8.2% | 8.1% | 167,000,000 | Hypothetical As If Stabilized | 5/22/2024 | 65.0% | 65.0% | 97.6% | 6/20/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/6/2024 | NAP | 6/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 625,851 | 128,170 | 0 | Springing | 7,276 | 7,276 | 0 | 2,393 | 2,393 | 86,145 | 0 | 0 | 0 | 0 | 6,461,077 | 0 | Unfunded Obligations Reserve ($3,330,271); Coworking Space Conversion Obligations Reserve ($2,400,000); Gap Rent Reserve ($730,806) | 0 | 0 | NAP | Soft | In Place | Yes | No | Yes | Yes | 90,000,000 | 18,550,000 | 92,627.62 | 542,033.87 | NAP | NAP | 108,550,000 | 542,033.87 | 65.0% | 1.35 | 8.2% | 18,500,000 | 10.00000% | 127,050,000 | 698,341.74 | 76.1% | 1.05 | 7.0% | No | NAP | Post Brothers | Michael A. Pestronk and Matthew I. Pestronk | No | No | Refinance | | 108,550,000 | 22,500,468 | 18,500,000 | 0 | 149,550,468 | 134,615,404 | 0 | 7,838,467 | 7,096,597 | 0 | 0 | 149,550,468 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 2 | Loan | | 1 | Baybrook Mall | 9.7% | 100.0% | MSBNA | MSMCH | NAP | NAP | 500 Baybrook Mall | Friendswood | Harris | TX | 77546 | Retail | Super Regional Mall | 1978 | 2016 | 540,986 | SF | 406.66 | 88,000,000 | 88,000,000 | 83,258,238 | 6.81600% | 0.017550% | 6.798450% | 574,632.36 | NAP | 6,895,588.32 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 360 | 360 | 7/19/2024 | 0 | 1 | 9/1/2024 | 9/1/2024 | 8/1/2029 | NAP | 0 | 0 | L(24),D(32),O(4) | 41,668,756 | 11,820,364 | 29,848,392 | 5/31/2024 | T-12 | 42,147,608 | 12,227,638 | 29,919,970 | 12/31/2023 | T-12 | 40,539,309 | 11,947,424 | 28,591,885 | 12/31/2022 | T-12 | 100.0% | 41,481,121 | 11,271,177 | 30,209,945 | 232,624 | 324,592 | 29,652,729 | 1.75 | 1.72 | 13.7% | 13.5% | 392,659,260 | As Is | 6/4/2024 | 56.0% | 53.0% | 95.4% | 6/30/2024 | No | JCPenney | 96,605 | 17.9% | 1/31/2026 | Forever 21 | 81,772 | 15.1% | 12/31/2026 | Foot Locker | 18,376 | 3.4% | 13,936 SF (4/30/2032); 4,440 SF (5/31/2027) | H&M | 17,510 | 3.2% | 1/31/2032 | Victoria's Secret | 14,115 | 2.6% | 1/31/2032 | 5/20/2024 | NAP | 5/20/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 270,493 | 0 | Springing | 1,081,972 | 0 | 0 | 0 | 0 | 0 | Springing | Outstanding TI/LC Reserve (Upfront: $0); Anchor Tenant Reserve (Monthly: Springing) | Anchor Tenant Reserve (An amount equal to the product obtained by multiplying (x) $50.00 by (y) the aggregate amount of gross leasable square footage of the applicable Anchor Tenant space as of the Closing Date) | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 88,000,000 | 132,000,000 | 861,948.55 | 1,436,580.91 | NAP | NAP | 220,000,000 | 1,436,580.91 | 56.0% | 1.72 | 13.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brookfield Properties Retail Holding LLC and SMRF Baybrook Investor Member LLC | BPR Nimbus LLC | No | No | Refinance | | 220,000,000 | 0 | 0 | 0 | 220,000,000 | 213,488,234 | 0 | 1,474,030 | 0 | 5,037,736 | 0 | 220,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 3 | Loan | | 1 | Potomac Tower | 9.2% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1001 North 19th Street | Arlington | Arlington | VA | 22209 | Office | CBD | 1989 | 2015 | 241,710 | SF | 347.52 | 84,000,000 | 84,000,000 | 84,000,000 | 7.60000% | 0.021300% | 7.578700% | NAP | 539,388.89 | NAP | 6,472,666.68 | Interest Only | No | Actual/360 | 61 | 61 | 61 | 61 | 0 | 0 | 8/8/2024 | 0 | 5 | 9/5/2024 | NAP | 9/5/2029 | NAP | 0 | 0 | L(25),YM1(32),O(4) | 15,417,502 | 4,953,214 | 10,464,288 | 12/31/2023 | T-12 | 13,351,683 | 4,777,613 | 8,574,070 | 12/31/2022 | T-12 | 11,081,759 | 4,522,442 | 6,559,318 | 12/31/2021 | T-12 | 89.7% | 15,013,576 | 5,023,645 | 9,989,931 | 48,342 | 362,565 | 9,579,024 | 1.54 | 1.48 | 11.9% | 11.4% | 140,000,000 | As Is | 6/27/2024 | 60.0% | 60.0% | 100.0% | 8/8/2024 | No | Venture Global | 94,744 | 39.2% | 9/30/2034 | Strategic Investment Management | 36,641 | 15.2% | 3/31/2034 | Insight Global | 22,811 | 9.4% | 12/31/2027 | Consumer Brands Association (GMA) | 18,913 | 7.8% | 7/31/2034 | KIMC Inc. | 18,898 | 7.8% | 4/30/2029 | 5/17/2024 | NAP | 5/17/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 804,850 | 134,142 | 0 | Springing | 0 | 6,005 | 0 | 0 | 30,214 | 0 | 0 | 0 | 0 | 0 | 130,659 | 0 | Free Rent 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 | Venture Global LNG, Inc. | Venture Global LNG, Inc. | No | No | Acquisition | | 84,000,000 | 62,988,770 | 0 | 0 | 146,988,770 | 0 | 143,000,000 | 3,053,261 | 935,509 | 0 | 0 | 146,988,770 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4 | Loan | | 8 | BioMed 2024 Portfolio 2 | 8.8% | | JPMCB/WFB | JPMCB/WFB | NAP | NAP | Various | Various | Various | Various | Various | Various | Various | Various | Various | 995,458 | SF | 552.40 | 80,000,000 | 80,000,000 | 80,000,000 | 5.48760019004295% | 0.016300% | 5.47130019004295% | NAP | 370,921.12 | NAP | 4,451,053.44 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/9/2024 | 0 | 9 | 9/9/2024 | NAP | 8/9/2029 | NAP | 0 | 0 | YM0.5%(24),DorYM0.5%(29),O(7) | 85,469,946 | 25,221,741 | 60,248,205 | 3/31/2024 | T-12 | 84,472,430 | 25,317,096 | 59,155,334 | 12/31/2023 | T-12 | 82,497,597 | 23,810,406 | 58,687,190 | 12/31/2022 | T-12 | 93.7% | 97,707,980 | 25,625,813 | 72,082,166 | 66,915 | 497,729 | 71,517,523 | 2.36 | 2.34 | 13.1% | 13.0% | 1,098,200,000 | As Is | Various | 50.1% | 50.1% | 93.8% | Various | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | Springing | An amount equal to twelve (12) multiplied by the Rollover Reserve Monthly Deposit. | 0 | 0 | 0 | 0 | 3,569,740 | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 80,000,000 | 469,894,737 | 2,178,673.55 | 2,549,594.67 | 166,842,106 | 7.23929% | 716,736,843 | 3,570,088.99 | 65.3% | 1.67 | 10.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Mezzanine | BioMed Realty, L.P. | BRE Edison L.P. | No | No | Refinance | | 549,894,737 | 142,402,323 | 166,842,106 | 0 | 859,139,166 | 845,920,651 | 0 | 9,648,775 | 3,569,740 | 0 | 0 | 859,139,166 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.01 | Property | | 1 | 200 Sidney | 2.8% | 32.2% | | | | | 200 Sidney Street | Cambridge | Middlesex | MA | 02139 | Mixed Use | Lab/Office | 2000 | 2016 | 188,616 | SF | | 25,742,105 | 25,742,105 | 25,742,105 | | | | | | | | | | | | | | | | | | | | | | | | | | | 23,664,042 | 6,898,096 | 16,765,946 | 3/31/2024 | T-12 | 22,759,084 | 6,921,719 | 15,837,365 | 12/31/2023 | T-12 | 22,214,851 | 6,661,111 | 15,553,740 | 12/31/2022 | T-12 | 100.0% | 31,122,294 | 6,841,858 | 24,280,436 | 33,951 | 94,308 | 24,152,177 | | | | | 323,600,000 | As Is | 4/30/2024 | | | 100.0% | 4/12/2024 | No | AbbVie Inc. | 119,980 | 63.6% | 57,850 SF (7/31/2028); 62,130 SF (10/31/2029) | Seres Therapeutics, Inc. | 68,636 | 36.4% | 1/13/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.02 | Property | | 1 | Lincoln Centre | 1.9% | 21.1% | | | | | 200, 300, 400, 500 and 800 Lincoln Centre Drive | Foster City | San Mateo | CA | 94404 | Mixed Use | Lab/Office | 2017 | NAP | 360,000 | SF | | 16,842,105 | 16,842,105 | 16,842,105 | | | | | | | | | | | | | | | | | | | | | | | | | | | 18,183,731 | 5,093,898 | 13,089,833 | 3/31/2024 | T-12 | 18,193,066 | 5,181,882 | 13,011,184 | 12/31/2023 | T-12 | 17,847,308 | 5,067,069 | 12,780,239 | 12/31/2022 | T-12 | 100.0% | 20,914,054 | 5,419,567 | 15,494,487 | 10,800 | 180,000 | 15,303,687 | | | | | 243,000,000 | As Is | 4/22/2024 | | | 100.0% | 4/12/2024 | Yes | Illumina, Inc. | 360,000 | 100.0% | 200,000 SF (1/15/2033); 160,000 SF (11/15/2033) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/10/2024 | NAP | 4/8/2024 | 4/8/2024 | 12% | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.03 | Property | | 1 | 40 Erie Street | 1.3% | 14.5% | | | | | 40 Erie Street | Cambridge | Middlesex | MA | 02139 | Mixed Use | Lab/Office | 1996 | 2015 | 106,638 | SF | | 11,578,947 | 11,578,947 | 11,578,947 | | | | | | | | | | | | | | | | | | | | | | | | | | | 14,104,382 | 4,651,964 | 9,452,417 | 3/31/2024 | T-12 | 14,006,653 | 4,579,941 | 9,426,712 | 12/31/2023 | T-12 | 12,121,371 | 4,032,638 | 8,088,733 | 12/31/2022 | T-12 | 100.0% | 15,205,784 | 4,613,990 | 10,591,794 | 4,266 | 53,319 | 10,534,209 | | | | | 151,900,000 | As Is | 4/30/2024 | | | 100.0% | 4/12/2024 | No | Intellia Therapeutics, Inc. | 65,319 | 61.3% | 9/30/2026 | BioNTech US Inc. | 26,806 | 25.1% | 9/30/2028 | Gritstone Bio, Inc. | 13,907 | 13.0% | 4/30/2025 | Make Life Sweeter, LLC | 606 | 0.6% | 12/4/2029 | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.04 | Property | | 1 | 4570 Executive Drive | 1.0% | 11.6% | | | | | 4570 Executive Drive | San Diego | San Diego | CA | 92121 | Mixed Use | Lab/Office | 2000 | 2019 | 125,550 | SF | | 9,296,842 | 9,296,842 | 9,296,842 | | | | | | | | | | | | | | | | | | | | | | | | | | | 10,674,557 | 3,762,645 | 6,911,912 | 3/31/2024 | T-12 | 10,861,584 | 3,817,054 | 7,044,530 | 12/31/2023 | T-12 | 10,448,701 | 3,452,658 | 6,996,043 | 12/31/2022 | T-12 | 91.5% | 12,230,158 | 3,839,407 | 8,390,751 | 7,533 | 62,775 | 8,320,443 | | | | | 120,000,000 | As Is | 4/24/2024 | | | 91.6% | 4/12/2024 | No | BioMed Realty, L.P. | 49,912 | 39.8% | 6/22/2025 | Human Longevity, Inc. | 48,049 | 38.3% | 34,616 SF (9/12/2025); 13,433 SF (9/12/2030) | International AIDS Vaccine Initiative, Inc. | 17,006 | 13.5% | 8/20/2026 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | 4/8/2024 | 10% | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.05 | Property | | 1 | 9360-9390 Towne Centre Drive | 0.8% | 9.2% | | | | | 9360-9390 Towne Centre Drive | San Diego | San Diego | CA | 92121 | Mixed Use | Lab/Office | 1990 | 2020 | 147,577 | SF | | 7,368,421 | 7,368,421 | 7,368,421 | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,014,947 | 2,866,298 | 6,148,648 | 3/31/2024 | T-12 | 8,970,666 | 2,982,548 | 5,988,118 | 12/31/2023 | T-12 | 10,779,744 | 2,856,444 | 7,923,300 | 12/31/2022 | T-12 | 60.6% | 7,873,720 | 2,960,083 | 4,913,637 | 7,379 | 73,789 | 4,832,469 | | | | | 141,000,000 | As Is | 4/24/2024 | | | 65.6% | 4/12/2024 | No | Poseida Therapeutics, Inc. | 71,405 | 48.4% | 12/31/2029 | Biosplice Therapeutics, Inc. | 25,391 | 17.2% | 11/24/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | 4/8/2024 | 13% | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.06 | Property | | 1 | 21 Erie Street | 0.6% | 7.4% | | | | | 21 Erie Street | Cambridge | Middlesex | MA | 02139 | Mixed Use | Lab/Office | 1925 | 2018 | 51,914 | SF | | 5,908,421 | 5,908,421 | 5,908,421 | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,993,729 | 1,152,875 | 4,840,853 | 3/31/2024 | T-12 | 5,866,478 | 1,065,329 | 4,801,149 | 12/31/2023 | T-12 | 5,677,004 | 998,372 | 4,678,632 | 12/31/2022 | T-12 | 100.0% | 6,491,667 | 1,159,323 | 5,332,345 | 2,077 | 25,957 | 5,304,311 | | | | | 75,500,000 | As Is | 4/30/2024 | | | 100.0% | 4/12/2024 | Yes | MIL 21E, LLC | 51,914 | 100.0% | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.07 | Property | | 1 | 47 Erie Street Parking Structure | 0.2% | 2.8% | | | | | 47 Erie Street | Cambridge | Middlesex | MA | 02139 | Other | Parking Garage | 1997 | NAP | 447 | Spaces | | 2,210,526 | 2,210,526 | 2,210,526 | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,782,533 | 580,403 | 2,202,130 | 3/31/2024 | T-12 | 2,770,094 | 552,837 | 2,217,257 | 12/31/2023 | T-12 | 2,433,387 | 591,553 | 1,841,834 | 12/31/2022 | T-12 | NAP | 2,782,533 | 584,424 | 2,198,109 | 0 | 0 | 2,198,109 | | | | | 28,000,000 | As Is | 4/30/2024 | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 4.08 | Property | | 1 | Eastgate Mall | 0.1% | 1.3% | | | | | 4575 Eastgate Mall | San Diego | San Diego | CA | 92121 | Mixed Use | Lab/Office | 1989 | 2020 | 15,163 | SF | | 1,052,632 | 1,052,632 | 1,052,632 | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,052,026 | 215,560 | 836,466 | 3/31/2024 | T-12 | 1,044,805 | 215,786 | 829,019 | 12/31/2023 | T-12 | 975,231 | 150,562 | 824,669 | 12/31/2022 | T-12 | 100.0% | 1,087,770 | 207,163 | 880,608 | 910 | 7,582 | 872,116 | | | | | 15,200,000 | As Is | 4/24/2024 | | | 100.0% | 4/12/2024 | Yes | Poseida Therapeutics, Inc. | 15,163 | 100.0% | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | 4/8/2024 | 10% | Yes | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 5 | Loan | | 1 | 640 5th Avenue | 6.4% | 100.0% | MSBNA | MSMCH | NAP | NAP | 640 5th Avenue | New York | New York | NY | 10022 | Mixed Use | Retail/Office | 1949 | 2003 | 314,533 | SF | 952.40 | 58,500,000 | 58,414,688 | 53,466,563 | 6.1293333% | 0.017550% | 6.1117833% | 385,397.62 | NAP | 4,624,771.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 59 | NAP | NAP | 6/10/2024 | 1 | 1 | 8/1/2024 | 8/1/2024 | 7/1/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 72,036,886 | 18,237,231 | 53,799,655 | 12/31/2023 | T-12 | 67,571,078 | 19,799,244 | 47,771,835 | 12/31/2022 | T-12 | 66,651,606 | 17,827,438 | 48,824,168 | 12/31/2021 | T-12 | 92.9% | 77,479,026 | 21,293,412 | 56,185,614 | 78,633 | 7,574,210 | 48,532,770 | 2.37 | 2.05 | 18.8% | 16.2% | 720,000,000 | As Is | 2/28/2024 | 41.6% | 38.1% | 92.9% | 6/1/2024 | No | Victoria's Secret | 63,779 | 20.3% | 1/31/2032 | Fidelity Real Estate Company | 40,615 | 12.9% | 11/30/2026 | The Klein Group, LLC | 30,103 | 9.6% | 4/14/2034 | Abbot Capital Management | 20,019 | 6.4% | 12/31/2032 | Buchanan Ingersoll & Rooney | 16,816 | 5.3% | 1/31/2029 | 4/17/2024 | NAP | 4/12/2024 | NAP | NAP | No | Fee/Leasehold | 7/30/2070 | None | 1 | No | 0 | Springing | 0 | Springing | 0 | Springing | 195,217 | 1,567,900 | 500,000 | 15,000,000 | 0 | 0 | 0 | 0 | 1,648,112 | 0 | Free Rent Reserve | 0 | 0 | NAP | Hard | In Place | Yes | Yes | Yes | No | 58,414,688 | 241,147,813 | 1,591,000.44 | 1,976,398.06 | NAP | NAP | 299,562,500 | 1,976,398.06 | 41.6% | 2.05 | 18.8% | 99,854,167 | 11.50000% | 399,416,667 | 3,084,670.36 | 55.5% | 1.31 | 14.1% | No | NAP | Vornado Realty Trust | Manhattan High Street Holdings LP | No | No | Refinance | | 300,000,000 | 106,245,190 | 100,000,000 | 0 | 506,245,190 | 501,608,063 | 0 | 1,421,115 | 3,216,012 | 0 | 0 | 506,245,190 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 6 | Loan | | 1 | One Town Center | 5.6% | 100.0% | WFB | WFB | NAP | NAP | One Town Center Road | Boca Raton | Palm Beach | FL | 33486 | Office | Suburban | 1990 | NAP | 190,395 | SF | 267.86 | 51,000,000 | 51,000,000 | 51,000,000 | 7.33800% | 0.017550% | 7.320450% | NAP | 316,196.46 | NAP | 3,794,357.52 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/9/2024 | 1 | 11 | 8/11/2024 | NAP | 7/11/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 10,611,522 | 3,976,213 | 6,635,309 | 4/30/2024 | T-12 | 10,293,531 | 3,903,052 | 6,390,479 | 12/31/2023 | T-12 | 9,426,812 | 3,788,641 | 5,638,171 | 12/31/2022 | T-12 | 90.0% | 10,887,851 | 4,573,075 | 6,314,776 | 38,079 | 140,395 | 6,136,302 | 1.66 | 1.62 | 12.4% | 12.0% | 82,600,000 | As Is | 5/30/2024 | 61.7% | 61.7% | 100.0% | 5/16/2024 | No | Bank of America Merrill Lynch | 61,430 | 32.3% | 2/28/2027 | Kayne Anderson | 25,733 | 13.5% | 8/31/2030 | Raymond James | 24,364 | 12.8% | 3/31/2030 | Kaufman, Rossin & Co. | 16,308 | 8.6% | 6/30/2030 | AF Encore Management | 10,585 | 5.6% | 7/31/2026 | 5/30/2024 | NAP | 6/24/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 580,236 | 145,059 | 73,934 | 73,934 | 0 | 2,424 | 0 | 500,000 | 15,866 | 0 | 0 | 0 | 0 | 0 | 47,865 | 0 | Existing TI/LC Reserve | 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 | Nader Ohebshalom | Nader Ohebshalom | No | No | Acquisition | | 51,000,000 | 29,396,973 | 0 | 4,000,000 | 84,396,973 | 0 | 82,000,000 | 1,194,938 | 1,202,035 | 0 | 0 | 84,396,973 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 7 | Loan | | 1 | Bronx Terminal Market | 5.5% | 100.0% | WFB | WFB | NAP | NAP | 610 Exterior Street | Bronx | Bronx | NY | 10451 | Retail | Anchored | 2009 | NAP | 918,779 | SF | 261.22 | 50,210,526 | 50,210,526 | 50,210,526 | 5.18100% | 0.017550% | 5.163450% | NAP | 219,794.84 | NAP | 2,637,538.08 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/6/2024 | 0 | 6 | 9/6/2024 | NAP | 8/6/2029 | NAP | 5 | 0 | L(23),YM1(1),DorYM1(32),O(4) | 47,421,498 | 17,043,518 | 30,377,981 | 3/31/2024 | T-12 | 48,058,002 | 17,301,924 | 30,756,078 | 12/31/2023 | T-12 | 48,167,771 | 16,915,840 | 31,251,930 | 12/31/2022 | T-12 | 90.1% | 46,320,029 | 17,725,341 | 28,594,688 | 183,756 | 918,779 | 27,492,153 | 2.27 | 2.18 | 11.9% | 11.5% | 555,000,000 | As Is | 4/30/2024 | 43.2% | 43.2% | 90.2% | 4/19/2024 | No | Target | 188,446 | 20.5% | 10/14/2033 | BJ's Wholesale Club | 130,099 | 14.2% | 8/2/2029 | Home Depot | 124,955 | 13.6% | 2/28/2034 | Food Bazaar | 77,915 | 8.5% | 9/30/2039 | Burlington Coat Factory | 74,329 | 8.1% | 1/31/2028 | 5/1/2024 | NAP | 4/30/2024 | NAP | NAP | Yes - AE | Leasehold | 9/13/2055 | 5, 10-year extension options | The greater of (i) $394,691.41 ("Adjusted Base Amount") and (ii) 5% of Gross Revenue | No | 0 | Springing | 0 | Springing | 0 | Springing | 547,400 | 874,981 | Springing | 1,696,118 | 0 | 0 | 0 | 0 | 9,000,000 | Springing | DMV Space Reserve (Upfront: $9,000,000); Ground Rent Reserve (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 50,210,526 | 189,789,474 | 830,796.83 | 1,050,591.67 | 140,000,000 | 9.20000% | 380,000,000 | 2,138,832.41 | 68.5% | 1.07 | 7.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Related Companies, L.P. | The Related Companies, L.P. | No | No | Refinance | | 240,000,000 | 13,238,721 | 140,000,000 | 0 | 393,238,721 | 376,708,834 | 0 | 6,654,906 | 9,874,981 | 0 | 0 | 393,238,721 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 8 | Loan | | 1 | Culver Steps | 3.7% | 100.0% | WFB | WFB | NAP | NAP | 9300 Culver Boulevard | Culver City | Los Angeles | CA | 90232 | Mixed Use | Office/Retail | 2019 | NAP | 121,736 | SF | 616.09 | 33,750,000 | 33,750,000 | 33,750,000 | 6.63400% | 0.017550% | 6.616450% | NAP | 189,172.66 | NAP | 2,270,071.92 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/26/2024 | 0 | 6 | 9/6/2024 | NAP | 8/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 11,135,231 | 4,019,828 | 7,115,403 | 4/30/2024 | T-12 | 10,011,522 | 3,873,413 | 6,138,109 | 12/31/2023 | T-12 | 8,578,704 | 4,229,505 | 4,349,198 | 12/31/2022 | T-12 | 96.9% | 13,060,930 | 4,476,030 | 8,584,900 | 24,347 | 121,736 | 8,438,816 | 1.70 | 1.67 | 11.4% | 11.3% | 130,000,000 | As Is | 6/4/2024 | 57.7% | 57.7% | 100.0% | 7/1/2024 | No | Amazon | 79,369 | 65.2% | 7/31/2031 | Erewhon Market | 14,558 | 12.0% | 5/31/2038 | Laurel Grill | 7,541 | 6.2% | 6/30/2034 | Sephora | 4,166 | 3.4% | 1/31/2031 | Afuri Ramen | 3,015 | 2.5% | 3/1/2034 | 6/3/2024 | NAP | 6/3/2024 | 6/3/2024 | 9% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 48,696 | 1,179,329 | Springing | 243,480 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 33,750,000 | 41,250,000 | 231,211.02 | 420,383.68 | NAP | NAP | 75,000,000 | 420,383.68 | 57.7% | 1.67 | 11.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Hackman Capital Partners, LLC | Hackman Capital Partners, LLC | No | No | Refinance | | 75,000,000 | 0 | 0 | 0 | 75,000,000 | 68,575,407 | 0 | 1,181,363 | 1,179,329 | 4,063,901 | 0 | 75,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 9 | Loan | | 1 | Magnolia Houston | 3.7% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1100 Texas Avenue | Houston | Harris | TX | 77002 | Hospitality | Full Service | 1926 | 2003, 2017-2019 | 314 | Rooms | 106,369.43 | 33,400,000 | 33,400,000 | 33,400,000 | 7.47000% | 0.017550% | 7.452450% | NAP | 210,802.71 | NAP | 2,529,632.52 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/5/2024 | 1 | 1 | 8/1/2024 | NAP | 7/1/2029 | NAP | 5 | 5 | L(25),D(28),O(7) | 17,186,152 | 12,701,808 | 4,484,344 | 5/31/2024 | T-12 | 16,342,427 | 12,060,179 | 4,282,248 | 12/31/2023 | T-12 | 12,719,810 | 10,350,641 | 2,369,169 | 12/31/2022 | T-12 | 61.3% | 17,186,152 | 12,797,633 | 4,388,519 | 687,446 | 0 | 3,701,073 | 1.73 | 1.46 | 13.1% | 11.1% | 72,500,000 | As Is | 4/10/2024 | 46.1% | 46.1% | 61.1% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/11/2024 | NAP | 4/11/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 330,421 | 47,203 | 0 | Springing | 0 | 56,490 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | Future PIP 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 | H. Stevens Holtze III | H. Stevens Holtze III | No | No | Refinance | Y | 33,400,000 | 1,888,973 | 0 | 0 | 35,288,973 | 32,360,925 | 0 | 2,597,627 | 330,421 | 0 | 0 | 35,288,973 | 2/28/2037 | 188.30 | 115.35 | 61.3% | 189.20 | 115.58 | 61.1% | 177.03 | 104.50 | 57.2% | 174.46 | 85.96 | 49.3% | | | | | | | | |
| 10 | Loan | | 1 | 120 Beach 26th Street | 3.5% | 100.0% | MSBNA | MSMCH | NAP | NAP | 120 Beach 26th Street | Far Rockaway | Queens | NY | 11691 | Multifamily | High Rise | 2006 | 2016 | 126 | Units | 250,000.00 | 31,500,000 | 31,500,000 | 31,500,000 | 6.10000% | 0.017550% | 6.082450% | NAP | 162,348.96 | NAP | 1,948,187.52 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/31/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 5 | L(24),D(32),O(4) | 3,711,540 | 745,893 | 2,965,647 | 6/30/2024 | T-12 | 3,587,138 | 757,629 | 2,829,509 | 12/31/2023 | T-12 | 3,386,591 | 779,259 | 2,607,332 | 12/31/2022 | T-12 | 95.0% | 3,697,740 | 903,740 | 2,794,000 | 31,500 | 0 | 2,762,500 | 1.43 | 1.42 | 8.9% | 8.8% | 46,400,000 | As Is | 5/1/2024 | 67.9% | 67.9% | 99.2% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/13/2024 | NAP | 5/13/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 14,947 | 7,474 | 101,766 | 20,353 | 0 | 2,625 | 63,000 | 0 | 0 | 0 | 0 | 0 | 0 | 34,723 | 97,702 | 0 | Local Law 11 Reserve ($91,702); Local Law 126 Reserve ($6,000) | 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 | Doron Pergament | Doron Pergament | No | No | Refinance | | 31,500,000 | 0 | 0 | 0 | 31,500,000 | 29,481,605 | 0 | 978,018 | 249,138 | 791,239 | 0 | 31,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 11 | Loan | | 1 | Showcase I | 3.4% | 100.0% | JPMCB | JPMCB | NAP | NAP | 3785 South Las Vegas Boulevard | Las Vegas | Clark | NV | 89109 | Retail | Anchored | 1997 | 2003 | 180,848 | SF | 937.25 | 31,000,000 | 31,000,000 | 31,000,000 | 6.36000% | 0.017550% | 6.342450% | NAP | 166,581.94 | NAP | 1,998,983.28 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/7/2024 | 1 | 1 | 8/1/2024 | NAP | 7/1/2029 | NAP | 0 | 0 | L(24),YM1(29),O(7) | 16,088,013 | 3,194,013 | 12,894,000 | 4/30/2024 | T-12 | 15,515,891 | 3,125,777 | 12,390,114 | 12/31/2023 | T-12 | 13,686,743 | 2,886,618 | 10,800,125 | 12/31/2022 | T-12 | 91.7% | 17,910,209 | 3,501,507 | 14,408,703 | 27,127 | 180,848 | 14,200,728 | 1.32 | 1.30 | 8.5% | 8.4% | 250,000,000 | As Is | 3/27/2024 | 67.8% | 67.8% | 90.0% | 2/29/2024 | No | FlyOver | 41,108 | 22.7% | 8/31/2034 | M&M World | 31,025 | 17.2% | 8/31/2040 | Marshalls | 30,624 | 16.9% | 1/31/2029 | Coca Cola | 18,597 | 10.3% | 12/31/2029 | Showcase Food Court | 14,737 | 8.1% | 9/30/2038 | 4/4/2024 | NAP | 4/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 363,322 | 121,107 | 0 | Springing | 2,261 | 2,261 | 0 | 15,071 | 15,071 | 542,544 | 0 | 0 | 0 | 0 | 14,402,888 | 0 | Unfunded M&M TI Obligations Reserve ($12,000,000); Unfunded M&M Free Rent Obligations Reserve ($2,152,888); Unfunded Obligations Reserve ($250,000) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 31,000,000 | 138,500,000 | 744,245.14 | 910,827.08 | NAP | NAP | 169,500,000 | 910,827.08 | 67.8% | 1.30 | 8.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jeffery Gindi and Eli Gindi | Jeffery Gindi and Eli Gindi | No | No | Refinance | | 169,500,000 | 4,571,072 | 0 | 0 | 174,071,072 | 151,744,918 | 0 | 7,542,613 | 14,783,541 | 0 | 0 | 174,071,072 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 12 | Loan | | 1 | Northville Village Shopping Center Phase I | 3.2% | 100.0% | MSBNA | MSMCH | NAP | NAP | 17447 Haggerty Road | Northville | Wayne | MI | 48168 | Retail | Anchored | 1997 | NAP | 179,410 | SF | 164.43 | 29,500,000 | 29,500,000 | 29,500,000 | 6.50000% | 0.035050% | 6.464950% | NAP | 162,011.00 | NAP | 1,944,132.00 | Interest Only | No | Actual/360 | 61 | 61 | 61 | 61 | 0 | 0 | 8/2/2024 | 0 | 1 | 9/1/2024 | NAP | 9/1/2029 | NAP | 5 | 5 | L(24),D(30),O(7) | 3,433,021 | 1,154,400 | 2,278,621 | 12/31/2023 | T-12 | 3,824,645 | 1,061,907 | 2,762,737 | 12/31/2022 | T-12 | 4,059,044 | 933,350 | 3,125,694 | 12/31/2021 | T-12 | 95.0% | 4,461,293 | 1,453,589 | 3,007,704 | 36,821 | 195,157 | 2,775,726 | 1.55 | 1.43 | 10.2% | 9.4% | 42,800,000 | As Is | 5/29/2024 | 68.9% | 68.9% | 97.7% | 7/22/2024 | No | Kroger | 58,120 | 32.4% | 6/30/2027 | Barnes & Noble Superstore | 28,200 | 15.7% | 5/31/2027 | TJ Maxx | 23,254 | 13.0% | 11/30/2033 | Michaels | 19,080 | 10.6% | 2/28/2034 | Ulta Beauty | 11,750 | 6.5% | 7/31/2027 | 6/7/2024 | NAP | 6/7/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 53,582 | 26,791 | 0 | Springing | 0 | 3,069 | 0 | 500,000 | 17,193 | 750,000 | 0 | 0 | 0 | 81,313 | 0 | 0 | NAP | 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 | Grand/Sakwa Management L.L.C. | Daniel L. Stern, Christopher G. Brochert and Gary Sakwa | No | No | Refinance | | 29,500,000 | 0 | 0 | 0 | 29,500,000 | 25,227,314 | 0 | 417,409 | 634,895 | 3,220,382 | 0 | 29,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 13 | Loan | | 1 | Dundalk Plaza | 3.0% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1401-1417 Merritt Boulevard | Baltimore | Baltimore | MD | 21222 | Retail | Anchored | 1968 | 2018-2020 | 178,075 | SF | 153.31 | 27,300,000 | 27,300,000 | 27,300,000 | 7.20000% | 0.035050% | 7.164950% | NAP | 166,075.00 | NAP | 1,992,900.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/9/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 5 | L(24),D(32),O(4) | 3,456,720 | 815,368 | 2,641,352 | 3/31/2024 | T-12 | 3,435,890 | 813,873 | 2,622,017 | 12/31/2023 | T-12 | 3,153,864 | 842,074 | 2,311,790 | 12/31/2022 | T-12 | 95.0% | 3,834,497 | 788,581 | 3,045,916 | 26,711 | 177,037 | 2,842,168 | 1.53 | 1.43 | 11.2% | 10.4% | 42,500,000 | As Is | 4/25/2024 | 64.2% | 64.2% | 97.6% | 4/15/2024 | No | Ollie's Bargain Outlet | 34,140 | 19.2% | 9/30/2027 | ALDI | 19,704 | 11.1% | 7/31/2028 | Planet Fitness | 18,219 | 10.2% | 10/15/2032 | Harbor Freight Tools | 16,814 | 9.4% | 12/31/2029 | Octapharma Plasma | 15,107 | 8.5% | 9/30/2026 | 4/30/2024 | NAP | 4/30/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | 25,608 | 0 | Springing | 6,204 | 2,226 | 106,845 | 0 | 14,840 | 712,300 | 0 | 0 | 0 | 0 | 1,401,585 | 0 | Pet Supply Reserve ($1,386,284.82); Unfunded Obligations Reserve ($15,300) | 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 | Christos Economides and Oekos Corporation | Christos Economides and Oekos Corporation | No | No | Refinance | | 27,300,000 | 0 | 0 | 0 | 27,300,000 | 22,665,062 | 0 | 908,728 | 1,407,789 | 2,318,422 | 0 | 27,300,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 14 | Loan | | 1 | Cummins Station | 2.7% | 100.0% | WFB | WFB | NAP | NAP | 209 10th Avenue South | Nashville | Davidson | TN | 37203 | Office | CBD | 1910 | 2017 | 410,740 | SF | 328.68 | 25,000,000 | 25,000,000 | 25,000,000 | 7.15500% | 0.017550% | 7.137450% | NAP | 151,132.81 | NAP | 1,813,593.72 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 6/6/2024 | 2 | 11 | 7/11/2024 | NAP | 6/11/2029 | NAP | 0 | 0 | L(26),D(27),O(7) | 16,879,806 | 4,185,679 | 12,694,127 | 3/31/2024 | T-12 | 16,603,708 | 4,311,244 | 12,292,464 | 12/31/2023 | T-12 | 16,698,714 | 4,697,634 | 12,001,080 | 12/31/2022 | T-12 | 73.5% | 18,454,322 | 4,621,356 | 13,832,966 | 102,685 | 0 | 13,730,281 | 1.41 | 1.40 | 10.2% | 10.2% | 229,700,000 | As Is | 4/16/2024 | 58.8% | 58.8% | 71.1% | 5/15/2024 | No | Gibson Brands, Inc. | 57,357 | 14.0% | 12/31/2032 | Axial Healthcare, Inc | 45,911 | 11.2% | 6/30/2028 | Serendipity Labs | 32,124 | 7.8% | 7/28/2033 | Gish, Sherwood & Friends, Inc. | 28,363 | 6.9% | 5/31/2026 | The Interpublic Group of Companies, Inc. | 17,074 | 4.2% | 10/31/2028 | 4/16/2024 | NAP | 4/17/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 355,264 | 88,816 | 0 | Springing | 0 | 8,557 | 205,370 | 10,000,000 | 83,333 | 0 | 0 | 0 | 0 | 160,050 | 3,138,645 | Springing | Existing TI/LC Reserve Funds ($2,115,256.38); Rent Concession Reserve Funds ($1,023,389.00); Low DSCR Trigger Event Reserve (Springing) | 0 | 0 | NAP | Hard | In Place | Yes | Yes | Yes | No | 25,000,000 | 110,000,000 | 664,984.38 | 816,117.19 | NAP | NAP | 135,000,000 | 816,117.19 | 58.8% | 1.40 | 10.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Mezzanine | Zachary P. Liff | Zachary P. Liff | No | No | Refinance | | 135,000,000 | 649,890 | 0 | 0 | 135,649,890 | 117,462,455 | 0 | 4,533,475 | 13,653,959 | 0 | 0 | 135,649,890 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 15 | Loan | | 1 | 42-35 Main Street | 2.7% | 100.0% | MSBNA | MSMCH | NAP | NAP | 42-35 Main Street | Flushing | Queens | NY | 11355 | Retail | Unanchored | 2013 | NAP | 45,323 | SF | 551.60 | 25,000,000 | 25,000,000 | 25,000,000 | 7.12000% | 0.017550% | 7.102450% | NAP | 150,393.52 | NAP | 1,804,722.24 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/31/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 0 | L(24),D(31),O(5) | 3,938,760 | 968,666 | 2,970,095 | 12/31/2023 | T-12 | 3,286,337 | 1,251,338 | 2,034,998 | 12/31/2022 | T-12 | 2,615,291 | 1,030,621 | 1,584,670 | 12/31/2021 | T-12 | 95.0% | 3,944,212 | 1,160,888 | 2,783,324 | 6,581 | 118,890 | 2,657,853 | 1.54 | 1.47 | 11.1% | 10.6% | 41,000,000 | As Is | 4/26/2024 | 61.0% | 61.0% | 95.5% | 5/9/2024 | No | Bank of China | 16,963 | 37.4% | 15,512 SF (5/24/2029); 1,451 SF (9/30/2033) | Lao Yu Yuan Dumpling House Inc. | 4,427 | 9.8% | 7/31/2032 | Maxin Bakery 4235 Inc. | 3,730 | 8.2% | 2,462 SF (1/31/2028); 1,268 SF (9/30/2027) | KST Café Inc. | 3,495 | 7.7% | 12/31/2026 | Gogo Fast Food Inc. | 2,337 | 5.2% | 4/30/2029 | 5/8/2024 | NAP | 5/8/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 71,628 | 35,814 | 11,528 | 5,764 | 0 | 567 | 0 | 0 | 5,665 | 203,954 | 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 | Eric Chong and Alex Lau | Eric Chong and Alex Lau | No | No | Refinance | | 25,000,000 | 0 | 0 | 0 | 25,000,000 | 23,864,508 | 0 | 469,127 | 83,156 | 583,209 | 0 | 25,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 16 | Loan | | 3 | Clark/Jenkins Storage Portfolio | 2.4% | | WFB | WFB | NAP | NAP | Various | Various | Various | TX | Various | Self Storage | Self Storage | Various | NAP | 253,425 | SF | 87.82 | 22,255,000 | 22,255,000 | 22,255,000 | 6.72900% | 0.017550% | 6.711450% | NAP | 126,528.18 | NAP | 1,518,338.16 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/31/2024 | 0 | 11 | 9/11/2024 | NAP | 8/11/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 3,947,434 | 1,999,913 | 1,947,521 | 6/30/2024 | T-12 | 3,887,874 | 1,911,780 | 1,976,093 | 12/31/2023 | T-12 | 3,629,218 | 2,071,402 | 1,557,816 | 12/31/2022 | T-12 | 81.9% | 4,184,122 | 2,076,710 | 2,107,412 | 30,809 | 0 | 2,076,603 | 1.39 | 1.37 | 9.5% | 9.3% | 41,400,000 | As Is | 6/11/2024 | 53.8% | 53.8% | 82.0% | 6/30/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 377,713 | 53,959 | 0 | Springing | 0 | 2,566 | 92,427 | 0 | 0 | 0 | 0 | 0 | 0 | 10,120 | 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 | Stephen L. Clark, Stephen L. Clark II and Ricky L. Jenkins | Ricky L. Jenkins and Clark Family, LLC | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 16.01 | Property | | 1 | Lakeline | 1.0% | 39.6% | | | | | 11000 Lakeline Boulevard | Austin | Williamson | TX | 78717 | Self Storage | Self Storage | 2017 | NAP | 83,305 | SF | | 8,815,171 | 8,815,171 | 8,815,171 | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,508,724 | 743,462 | 765,262 | 6/30/2024 | T-12 | 1,498,540 | 730,923 | 767,617 | 12/31/2023 | T-12 | 1,487,867 | 678,922 | 808,945 | 12/31/2022 | T-12 | 86.2% | 1,584,394 | 750,447 | 833,947 | 11,408 | 0 | 822,539 | | | | | 14,900,000 | As Is | 6/11/2024 | | | 85.4% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/16/2024 | NAP | 7/3/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 16.02 | Property | | 1 | Southlake | 0.8% | 33.2% | | | | | 2060 East Continental Boulevard | Southlake | Tarrant | TX | 76092 | Self Storage | Self Storage | 2018 | NAP | 78,350 | SF | | 7,395,761 | 7,395,761 | 7,395,761 | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,180,522 | 530,179 | 650,343 | 6/30/2024 | T-12 | 1,159,327 | 511,070 | 648,256 | 12/31/2023 | T-12 | 1,051,587 | 554,136 | 497,451 | 12/31/2022 | T-12 | 82.4% | 1,261,275 | 561,068 | 700,207 | 10,112 | 0 | 690,095 | | | | | 12,700,000 | As Is | 6/11/2024 | | | 80.0% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/16/2024 | NAP | 7/3/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 16.03 | Property | | 1 | Northgate | 0.7% | 27.2% | | | | | 8833 Research Boulevard | Austin | Travis | TX | 78758 | Self Storage | Self Storage | 2019 | NAP | 91,770 | SF | | 6,044,068 | 6,044,068 | 6,044,068 | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,258,188 | 726,272 | 531,916 | 6/30/2024 | T-12 | 1,230,007 | 669,787 | 560,220 | 12/31/2023 | T-12 | 1,089,764 | 838,343 | 251,420 | 12/31/2022 | T-12 | 76.9% | 1,338,453 | 765,195 | 573,258 | 9,289 | 0 | 563,969 | | | | | 13,800,000 | As Is | 6/11/2024 | | | 80.7% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/16/2024 | NAP | 7/3/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 17 | Loan | | 2 | Marx Development NY Residential Portfolio | 2.1% | | WFB | WFB | NAP | NAP | Various | Various | Queens | NY | Various | Mixed Use | Multifamily/Retail | Various | NAP | 98 | Units | 191,326.53 | 18,750,000 | 18,750,000 | 18,750,000 | 6.71000% | 0.017550% | 6.692450% | NAP | 106,299.91 | NAP | 1,275,598.92 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/26/2024 | 0 | 11 | 9/11/2024 | NAP | 8/11/2029 | NAP | 0 | 0 | L(24),D(32),O(4) | 3,634,698 | 1,788,785 | 1,845,913 | 3/31/2024 | T-12 | 3,600,126 | 1,794,065 | 1,806,061 | 12/31/2023 | T-12 | 3,469,183 | 1,763,711 | 1,705,472 | 12/31/2022 | T-12 | 91.6% | 3,576,074 | 1,899,794 | 1,676,280 | 37,322 | 44,060 | 1,594,897 | 1.31 | 1.25 | 8.9% | 8.5% | 31,500,000 | As Is | 5/21/2024 | 59.5% | 59.5% | 96.9% | Various | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 133,796 | 66,898 | 109,500 | 21,900 | 0 | 3,111 | 0 | 0 | 3,672 | 0 | 0 | 0 | 0 | 0 | 61,100 | 0 | Rent Concession Reserve | 0 | 0 | NAP | Soft (Residential) / Hard (Commercial) | 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 | David Marx | David Marx | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 17.01 | Property | | 1 | 158-13 72nd Avenue | 1.5% | 72.1% | | | | | 158-13 72nd Avenue | Pomonok | Queens | NY | 11365 | Mixed Use | Multifamily/Retail | 1991 | NAP | 66 | Units | | 13,525,000 | 13,525,000 | 13,525,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,381,669 | 1,100,624 | 1,281,045 | 3/31/2024 | T-12 | 2,360,062 | 1,083,841 | 1,276,220 | 12/31/2023 | T-12 | 2,262,480 | 1,074,371 | 1,188,109 | 12/31/2022 | T-12 | 89.9% | 2,336,328 | 1,154,646 | 1,181,682 | 21,661 | 30,200 | 1,129,821 | | | | | 22,900,000 | As Is | 5/21/2024 | | | 95.5% | 7/9/2024 | No | Boulevard Adult Day Care (borrower affiliate) | 9,000 | 34.9% | 9/30/2029 | Borough Adult Day Care, Inc | 7,654 | 29.7% | 8/31/2031 | New Milestone, INC | 3,000 | 11.6% | 7/31/2027 | DSM Design Group LLC (borrower affiliate) | 2,650 | 10.3% | 12/31/2024 | Atria Builders, LLC | 1,600 | 6.2% | 12/31/2024 | 5/23/2024 | NAP | 5/23/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 17.02 | Property | | 1 | 42-34 Saull Street | 0.6% | 27.9% | | | | | 42-34 Saull Street | Flushing | Queens | NY | 11355 | Mixed Use | Multifamily/Retail | 1990 | NAP | 32 | Units | | 5,225,000 | 5,225,000 | 5,225,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,253,029 | 688,161 | 564,868 | 3/31/2024 | T-12 | 1,240,064 | 710,223 | 529,841 | 12/31/2023 | T-12 | 1,206,703 | 689,340 | 517,363 | 12/31/2022 | T-12 | 95.0% | 1,239,746 | 745,148 | 494,598 | 15,661 | 13,860 | 465,076 | | | | | 8,600,000 | As Is | 5/21/2024 | | | 100.0% | 7/11/2024 | No | Happy City Adult Day Care Center | 12,143 | 85.9% | 4/30/2030 | NEW MILESTONE INC. | 2,000 | 14.1% | 11/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/23/2024 | NAP | 5/23/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 18 | Loan | | 1 | Shops at Abilene | 1.6% | 100.0% | MSBNA | MSMCH | NAP | NAP | 3517 Catclaw Drive | Abilene | Taylor | TX | 79606 | Retail | Anchored | 2004 | NAP | 175,581 | SF | 81.16 | 14,250,000 | 14,250,000 | 14,250,000 | 6.90000% | 0.017550% | 6.882450% | NAP | 83,075.52 | NAP | 996,906.24 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/26/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 5 | L(24),D(29),O(7) | 2,747,364 | 1,047,534 | 1,699,830 | 12/31/2023 | T-12 | 2,902,121 | 1,114,138 | 1,787,983 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 86.6% | 2,827,878 | 987,407 | 1,840,471 | 26,337 | 140,499 | 1,673,635 | 1.85 | 1.68 | 12.9% | 11.7% | 23,600,000 | As Is | 6/5/2024 | 60.4% | 60.4% | 87.4% | 5/31/2024 | No | Ross Dress For Less | 30,187 | 17.2% | 1/31/2030 | TJ Maxx | 27,600 | 15.7% | 11/30/2026 | Michaels | 21,332 | 12.1% | 2/28/2029 | PetSmart | 19,107 | 10.9% | 1/31/2035 | Old Navy | 14,806 | 8.4% | 5/31/2027 | 5/17/2024 | NAP | 5/17/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 336,352 | 42,044 | 0 | Springing | 0 | 2,195 | 105,349 | 0 | 14,632 | 500,000 | 0 | 0 | 0 | 75,563 | 235,000 | 0 | PetSmart TI Obligations Reserve ($100,000); Bath & Body Works TI Obligations Reserve ($100,000); Shoe Carnival Gap Rent Reserve ($35,000) | 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 | William R. Wilson, III and Kyle D. Miller | William R. Wilson, III and Kyle D. Miller | No | No | Acquisition | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 19 | Loan | | 1 | Katonah Self Storage | 1.5% | 100.0% | JPMCB | JPMCB | NAP | NAP | 341 Railroad Avenue | Bedford Hills | Westchester | NY | 10507 | Self Storage | Self Storage | 2002; 2005; 2009 | NAP | 104,708 | SF | 133.71 | 14,000,000 | 14,000,000 | 14,000,000 | 6.75000% | 0.016300% | 6.733700% | NAP | 79,843.75 | NAP | 958,125.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/1/2024 | 0 | 5 | 9/5/2024 | NAP | 8/5/2029 | NAP | 0 | 0 | L(24),D(30),O(6) | 3,661,797 | 1,781,203 | 1,880,593 | 3/31/2024 | T-12 | 3,652,207 | 1,779,986 | 1,872,221 | 12/31/2023 | T-12 | 3,310,739 | 1,573,932 | 1,736,806 | 12/31/2022 | T-12 | 94.3% | 3,869,770 | 1,816,506 | 2,053,263 | 20,942 | 0 | 2,032,322 | 2.14 | 2.12 | 14.7% | 14.5% | 35,100,000 | As Is | 6/4/2024 | 39.9% | 39.9% | 93.8% | 3/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/6/2024 | NAP | 6/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 103,496 | 14,779 | 4,805 | 4,805 | 2,129 | 2,129 | 76,661 | 0 | 0 | 0 | 103,089 | 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 | Collectors Car Garage Group, LLC | John M. Belniak and James H. Machinist | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 20 | Loan | | 1 | The Village Tulare | 1.5% | 100.0% | MSBNA | MSMCH | NAP | NAP | 621 Prosperity Avenue, 795 East Prosperity Avenue and 1203 North Cherry Street | Tulare | Tulare | CA | 93274 | Retail | Anchored | 1971; 1986 | 2000 | 164,766 | SF | 81.93 | 13,500,000 | 13,500,000 | 13,500,000 | 7.02000% | 0.017550% | 7.002450% | NAP | 80,071.88 | NAP | 960,862.56 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 6/6/2024 | 2 | 6 | 7/6/2024 | NAP | 6/6/2029 | NAP | 0 | 0 | L(26),D(27),O(7) | 1,991,211 | 621,421 | 1,369,790 | 12/31/2023 | T-12 | 2,150,521 | 530,297 | 1,620,224 | 12/31/2022 | T-12 | 2,039,402 | 529,383 | 1,510,019 | 12/31/2021 | T-12 | 87.3% | 2,225,982 | 783,908 | 1,442,074 | 24,715 | 153,019 | 1,264,340 | 1.50 | 1.32 | 10.7% | 9.4% | 21,700,000 | As Is | 3/20/2024 | 62.2% | 62.2% | 91.0% | 3/15/2024 | No | Vallarta Supermarkets | 50,500 | 30.6% | 12/31/2027 | Serrano's Furniture Gallery | 23,200 | 14.1% | 12/31/2027 | Planet Fitness | 20,100 | 12.2% | 11/30/2031 | Altura Centers for Health | 15,490 | 9.4% | 14,060 SF (10/31/2036); 1,430 SF (6/30/2028) | Denny's | 4,300 | 2.6% | 11/30/2027 | 4/2/2024 | NAP | 4/2/2024 | 4/2/2024 | 8% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 7,417 | 7,417 | 60,000 | Springing | 50,000 | 150,000 | 17,163 | 411,915 | 0 | 0 | 0 | 17,875 | 1,487,760 | Springing | Combined TI/LC & CapEx Reserve (Upfront: $1,472,125); Unfunded Obligations Reserve (Upfront: $15,635.40); Critical Tenant 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 | Christopher D. Shane | Christopher D. Shane | No | Yes | Acquisition | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 21 | Loan | | 2 | Townwood and Windmill Apartments | 1.4% | | WFB | WFB | NAP | NAP | Various | Savannah | Chatham | GA | 31419 | Multifamily | Garden | Various | 2024 | 162 | Units | 79,629.63 | 12,900,000 | 12,900,000 | 12,900,000 | 7.08400% | 0.047550% | 7.036450% | NAP | 77,210.68 | NAP | 926,528.16 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/9/2024 | 1 | 11 | 8/11/2024 | NAP | 7/11/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 1,813,673 | 808,611 | 1,005,062 | 5/31/2024 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 92.4% | 2,233,394 | 786,181 | 1,447,213 | 48,600 | 0 | 1,398,613 | 1.56 | 1.51 | 11.2% | 10.8% | 19,950,000 | As Is | 5/28/2024 | 64.7% | 64.7% | 92.6% | 6/13/2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 47,298 | 15,766 | 61,080 | 7,635 | 500,000 | 4,050 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 154,200 | 0 | Existing Restoration 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 | Samantha Wells and David Iglewicz | Samantha Wells and David Iglewicz | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 21.01 | Property | | 1 | Windmill Apartments | 0.9% | 66.1% | | | | | 6 Talina Lane and 0 Holland Road | Savannah | Chatham | GA | 31419 | Multifamily | Garden | 1986 | 2024 | 104 | Units | | 8,525,000 | 8,525,000 | 8,525,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,194,708 | 563,863 | 630,846 | 5/31/2024 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 93.1% | 1,466,009 | 543,021 | 922,988 | 31,200 | 0 | 891,788 | | | | | 13,250,000 | As Is | 5/28/2024 | | | 93.3% | 6/13/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/31/2024 | NAP | 5/31/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 21.02 | Property | | 1 | Townwood Apartments | 0.5% | 33.9% | | | | | 920 Mohawk Street | Savannah | Chatham | GA | 31419 | Multifamily | Garden | 1984 | 2024 | 58 | Units | | 4,375,000 | 4,375,000 | 4,375,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | 618,964 | 244,748 | 374,216 | 5/31/2024 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 91.1% | 767,385 | 243,160 | 524,225 | 17,400 | 0 | 506,825 | | | | | 6,700,000 | As Is | 5/28/2024 | | | 91.4% | 6/13/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/31/2024 | NAP | 5/31/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 22 | Loan | | 1 | 401 South La Brea | 1.4% | 100.0% | WFB | WFB | NAP | NAP | 415 South La Brea Avenue | Los Angeles | Los Angeles | CA | 90036 | Retail | Single Tenant | 2014 | NAP | 42,157 | SF | 292.95 | 12,350,000 | 12,350,000 | 12,350,000 | 6.95000% | 0.017550% | 6.932450% | NAP | 72,520.52 | NAP | 870,246.24 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/6/2024 | 0 | 11 | 9/11/2024 | NAP | 8/11/2029 | NAP | 0 | 0 | L(24),D(32),O(4) | 1,619,644 | 355,169 | 1,264,475 | 5/31/2024 | T-12 | 1,613,879 | 336,219 | 1,277,660 | 12/31/2023 | T-12 | 1,610,208 | 317,970 | 1,292,238 | 12/31/2022 | T-12 | 95.0% | 1,626,694 | 349,915 | 1,276,779 | 6,324 | 84,314 | 1,186,141 | 1.47 | 1.36 | 10.3% | 9.6% | 28,000,000 | As Is | 6/11/2024 | 44.1% | 44.1% | 100.0% | 8/11/2024 | Yes | Target Corporation | 42,157 | 100.0% | 2/9/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/20/2024 | NAP | 6/20/2024 | 6/20/2024 | 11% | No | Fee | NAP | NAP | NAP | NAP | 87,090 | 17,418 | 0 | Springing | 0 | 351 | 12,636 | 0 | 7,026 | 252,936 | 0 | 0 | 0 | 0 | 0 | Springing | Major Tenant Reserve | 0 | 0 | NAP | Soft | 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 | SKR Holdings, LLC | SKR Holdings, LLC | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 23 | Loan | | 1 | Winterpock Crossing Shopping Center | 1.4% | 100.0% | WFB | WFB | NAP | NAP | 6601, 6701, 6758 and 6801 Lake Harbour Drive | Midlothian | Chesterfield | VA | 23112 | Retail | Anchored | 1999 | 2007 | 122,956 | SF | 100.04 | 12,300,000 | 12,300,000 | 12,300,000 | 7.07000% | 0.055050% | 7.014950% | NAP | 73,473.99 | NAP | 881,687.88 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/22/2024 | 0 | 11 | 9/11/2024 | NAP | 8/11/2029 | NAP | 0 | 0 | L(24),D(32),O(4) | 1,816,550 | 400,482 | 1,416,068 | 3/31/2024 | T-12 | 1,823,598 | 434,844 | 1,388,754 | 12/31/2023 | T-12 | 1,816,764 | 504,388 | 1,312,376 | 12/31/2022 | T-12 | 92.9% | 1,886,984 | 443,224 | 1,443,760 | 51,642 | 16,699 | 1,375,419 | 1.64 | 1.56 | 11.7% | 11.2% | 18,300,000 | As Is | 5/18/2024 | 67.2% | 67.2% | 95.3% | 7/1/2024 | No | Children's Museum of Richmond | 26,060 | 21.2% | 12/31/2025 | Ferguson Enterprises, Inc. | 25,892 | 21.1% | 5/31/2027 | Tractor Supply Co | 20,614 | 16.8% | 9/30/2034 | Dollar Tree Stores, Inc. | 10,000 | 8.1% | 2/28/2027 | Goodyear Tire & Rubber Company | 5,200 | 4.2% | 3/31/2026 | 5/16/2024 | NAP | 5/21/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 35,658 | 11,886 | 6,284 | 3,142 | 288,000 | 1,025 | 0 | 300,000 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Soft | 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 | Roger A. Glover, III | Roger A. Glover, III | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 24 | Loan | | 1 | Northpointe Shopping Center | 1.1% | 100.0% | MSBNA | MSMCH | NAP | NAP | 45030-45250 Northpointe Boulevard | Utica | Macomb | MI | 48315 | Retail | Anchored | 1990 | 2004 | 176,918 | SF | 56.52 | 10,000,000 | 10,000,000 | 10,000,000 | 7.04000% | 0.075050% | 6.964950% | NAP | 59,481.48 | NAP | 713,777.76 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/17/2024 | 1 | 1 | 8/1/2024 | NAP | 7/1/2029 | NAP | 0 | 5 | L(25),D(30),O(5) | 1,985,081 | 678,211 | 1,306,870 | 12/31/2023 | T-12 | 1,967,631 | 647,603 | 1,320,028 | 12/31/2022 | T-12 | 1,892,500 | 617,942 | 1,274,558 | 12/31/2021 | T-12 | 95.0% | 1,933,099 | 664,313 | 1,268,786 | 26,538 | 91,450 | 1,150,798 | 1.78 | 1.61 | 12.7% | 11.5% | 15,500,000 | As Is | 5/2/2024 | 64.5% | 64.5% | 100.0% | 4/23/2024 | No | Going Going Gone by Dick's Clothing & Sporting Goods | 59,850 | 33.8% | 1/31/2029 | The Salvation Army | 49,248 | 27.8% | 1/31/2029 | PetSmart | 31,974 | 18.1% | 3/31/2027 | Ollie's Bargain Outlet | 29,946 | 16.9% | 5/31/2026 | US Mattress | 3,813 | 2.2% | 5/31/2031 | 5/6/2024 | NAP | 5/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 288,340 | 28,834 | 0 | Springing | 280,000 | 2,212 | 0 | 0 | 16,955 | 610,367 | 0 | 0 | 0 | 40,000 | 0 | 0 | NAP | 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 | Gregg Orley and David W. Schostak | Gregg Orley and David W. Schostak | No | No | Recapitalization | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 25 | Loan | | 1 | Harmon Business Park | 0.8% | 100.0% | MSBNA | MSMCH | Group 1 | NAP | 13031-13045 Harmon Road | Fort Worth | Tarrant | TX | 76177 | Industrial | Manufacturing | 2020-2022 | NAP | 82,255 | SF | 87.90 | 7,230,000 | 7,230,000 | 7,230,000 | 6.95200% | 0.017550% | 6.934450% | NAP | 42,467.55 | NAP | 509,610.60 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/19/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 5 | L(24),D(31),O(5) | 987,219 | 154,223 | 832,995 | 4/30/2024 | T-12 | 976,215 | 187,738 | 788,477 | 12/31/2023 | T-12 | 376,219 | 49,985 | 326,235 | 12/31/2022 | T-12 | 95.0% | 1,042,290 | 253,564 | 788,726 | 8,226 | 48,093 | 732,407 | 1.55 | 1.44 | 10.9% | 10.1% | 12,100,000 | As Is | 5/23/2024 | 59.8% | 59.8% | 100.0% | 7/9/2024 | No | CB Adventure Supply | 13,700 | 16.7% | 7/31/2027 | Trinity All Stars | 12,000 | 14.6% | 6/30/2028 | Excellence Auto Collision | 7,200 | 8.8% | 11/30/2024 | Encounter Arts Academy | 4,800 | 5.8% | 5/31/2027 | Top Notch Transmissions | 4,460 | 5.4% | 12/31/2026 | 5/30/2024 | NAP | 5/30/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 59,182 | 7,398 | 6,413 | 6,413 | 0 | 686 | 0 | 150,000 | Springing | 150,000 | 0 | 0 | 0 | 1,125 | 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 | William M. Bennett and Matt Goebel | William M. Bennett and Matt Goebel | No | No | Acquisition | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 26 | Loan | | 1 | 120 West 79th Street | 0.6% | 100.0% | JPMCB | JPMCB | NAP | NAP | 120 West 79th Street | Chicago | Cook | IL | 60620 | Retail | Anchored | 1986 | NAP | 68,200 | SF | 86.36 | 5,890,000 | 5,890,000 | 5,890,000 | 7.27000% | 0.016300% | 7.253700% | NAP | 36,179.19 | NAP | 434,150.28 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/11/2024 | 0 | 5 | 9/5/2024 | NAP | 8/5/2029 | NAP | 0 | 0 | L(24),D(30),O(6) | 1,189,075 | 437,670 | 751,405 | 12/31/2023 | T-12 | 1,145,035 | 431,410 | 713,625 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,345,390 | 470,141 | 875,249 | 10,230 | 46,461 | 818,558 | 2.02 | 1.89 | 14.9% | 13.9% | 9,400,000 | As Is | 5/2/2024 | 62.7% | 62.7% | 100.0% | 2/1/2024 | No | Forman Mills | 50,000 | 73.3% | 5/1/2034 | Family Dollar | 8,800 | 12.9% | 9/1/2027 | Neighborhood Laundromat | 5,200 | 7.6% | 2/28/2029 | Morrison's Soul Food | 4,200 | 6.2% | 1/31/2028 | NAP | NAP | NAP | NAP | 4/29/2024 | NAP | 4/29/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 25,826 | 25,826 | 0 | Springing | 32,609 | Springing | 51,150 | 217,391 | Springing | 341,000 | 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 | Jenel Management Corp | David Dushey | No | No | Acquisition | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 27 | Loan | | 1 | Stadium Walk | 0.6% | 100.0% | JPMCB | JPMCB | Group 1 | NAP | 1341 North 9th Street | Lincoln | Lancaster | NE | 68508 | Multifamily | Student Housing | 1991 | 2018 | 238 | Beds | 23,109.24 | 5,500,000 | 5,500,000 | 5,500,000 | 7.60000% | 0.016300% | 7.583700% | NAP | 35,317.13 | NAP | 423,805.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/31/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 0 | 0 | L(24),D(30),O(6) | 1,385,567 | 789,429 | 596,138 | 5/31/2024 | T-12 | 1,353,694 | 817,641 | 536,053 | 12/31/2023 | T-12 | 1,222,959 | 834,449 | 388,510 | 12/31/2022 | T-12 | 95.0% | 1,544,978 | 811,624 | 733,354 | 35,700 | 0 | 697,654 | 1.73 | 1.65 | 13.3% | 12.7% | 8,020,000 | As Is | 4/9/2024 | 68.6% | 68.6% | 97.5% | 8/5/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/10/2024 | NAP | 4/10/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 14,053 | 14,053 | 2,203 | 1,101 | 0 | 1,983 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85,500 | 300,000 | 0 | Unit Upgrade Reserve | 0 | 0 | NAP | Soft | 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 | Elevate Multifamily | William M. Bennett | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 28 | Loan | | 1 | Secure Space Storage | 0.5% | 100.0% | WFB | WFB | NAP | NAP | 3519 North Salem Road and 3525 North Salem Road | Fayetteville | Washington | AR | 72704 | Self Storage | Self Storage | 2005 | 2017 | 80,000 | SF | 62.50 | 5,000,000 | 5,000,000 | 5,000,000 | 6.94000% | 0.017550% | 6.922450% | NAP | 29,318.29 | NAP | 351,819.48 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/10/2024 | 1 | 11 | 8/11/2024 | NAP | 7/11/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 932,335 | 236,400 | 695,936 | 5/31/2024 | T-12 | 933,888 | 250,111 | 683,777 | 12/31/2023 | T-12 | 901,186 | 262,135 | 639,051 | 12/31/2022 | T-12 | 83.4% | 885,475 | 290,136 | 595,339 | 8,800 | 0 | 586,539 | 1.69 | 1.67 | 11.9% | 11.7% | 10,800,000 | As Is | 6/6/2024 | 46.3% | 46.3% | 82.9% | 6/24/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/18/2024 | NAP | 6/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | 2,570 | 4,678 | 4,678 | 0 | 734 | 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 | Henry K Jordan, Jr. | Henry K Jordan, Jr. | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 29 | Loan | | 1 | Muegge Manor MHC | 0.5% | 100.0% | MSBNA | MSMCH | NAP | NAP | 38 Vista Drive | Saint Charles | Saint Charles | MO | 63303 | Manufactured Housing | Manufactured Housing | 1966 | NAP | 67 | Pads | 63,432.84 | 4,250,000 | 4,250,000 | 4,250,000 | 6.00000% | 0.017550% | 5.982450% | NAP | 21,545.14 | NAP | 258,541.68 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/10/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 5 | L(23),YM1(32),O(5) | 389,085 | 66,116 | 322,969 | 4/30/2024 | T-12 | 369,342 | 63,991 | 305,351 | 12/31/2023 | T-12 | 311,496 | 48,214 | 263,282 | 9/30/2022 | T-12 | 95.0% | 428,437 | 63,729 | 364,708 | 3,350 | 0 | 361,358 | 1.41 | 1.40 | 8.6% | 8.5% | 6,290,000 | As Is | 5/30/2024 | 67.6% | 67.6% | 98.5% | 6/11/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/5/2024 | NAP | 6/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 15,254 | 1,907 | 2,850 | 475 | 0 | 279 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,772 | 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 | Bethlehem Communities | Iysam Atuan and Mark Holcombe | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 30 | Loan | | 1 | Mission Trace II | 0.4% | 100.0% | MSBNA | MSMCH | NAP | NAP | 3355 South Wadsworth Boulevard | Lakewood | Jefferson | CO | 80227 | Retail | Unanchored | 1983-1987 | NAP | 44,142 | SF | 90.62 | 4,000,000 | 4,000,000 | 4,000,000 | 6.98000% | 0.017550% | 6.962450% | NAP | 23,589.81 | NAP | 283,077.72 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/8/2024 | 0 | 5 | 9/5/2024 | NAP | 8/5/2029 | NAP | 0 | 0 | L(24),D(32),O(4) | 941,722 | 369,181 | 572,541 | 4/30/2024 | T-12 | 910,420 | 392,463 | 517,957 | 12/31/2023 | T-12 | 884,764 | 380,862 | 503,902 | 12/31/2022 | T-12 | 93.6% | 1,002,663 | 386,071 | 616,593 | 8,193 | 50,043 | 558,357 | 2.18 | 1.97 | 15.4% | 14.0% | 7,500,000 | As Is | 5/24/2024 | 53.3% | 53.3% | 93.9% | 6/1/2024 | No | Colpar Hobbies, Inc. | 4,640 | 10.5% | 6/30/2025 | Day At A Time | 3,616 | 8.2% | 12/31/2032 | Vapergate, LLC | 3,273 | 7.4% | 10/31/2027 | Namaste Restaurant | 3,062 | 6.9% | 4/30/2026 | The Rusty Bucket | 2,945 | 6.7% | 8/31/2029 | 6/17/2024 | NAP | 6/17/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | 10,550 | 0 | Springing | 0 | 700 | 8,193 | 0 | 9,207 | 110,480 | 0 | 0 | 0 | 2,250 | 58,122 | 0 | Nancy & Jonathan Martinez 10N Salon 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 | Time Equities | TEI LLC | No | No | Refinance | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 31 | Loan | | 1 | Fairgrove MHC | 0.4% | 100.0% | MSBNA | MSMCH | NAP | NAP | 125 Capital Loop | Reidsville | Rockingham | NC | 27320 | Manufactured Housing | Manufactured Housing | 1983 | NAP | 96 | Pads | 36,822.92 | 3,535,000 | 3,535,000 | 3,535,000 | 6.10000% | 0.017550% | 6.082450% | NAP | 18,219.16 | NAP | 218,629.92 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/27/2024 | 1 | 1 | 8/1/2024 | NAP | 7/1/2029 | NAP | 5 | 5 | L(23),YM1(30),O(7) | 367,242 | 81,710 | 285,533 | 4/30/2024 | T-12 | 348,398 | 80,808 | 267,589 | 12/31/2023 | T-12 | 303,637 | 85,478 | 218,159 | 12/31/2022 | T-12 | 87.5% | 415,492 | 92,141 | 323,351 | 4,800 | 0 | 318,551 | 1.48 | 1.46 | 9.1% | 9.0% | 5,540,000 | As Is | 5/30/2024 | 63.8% | 63.8% | 88.5% | 6/15/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/11/2024 | NAP | 4/11/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 4,141 | 518 | 1,209 | 604 | 0 | 400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146,417 | 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 | The Foundry Companies, LLC | Christian P. Cronin | No | No | Acquisition | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 32 | Loan | | 1 | 34 Avenue A | 0.4% | 100.0% | MSBNA | MSMCH | NAP | NAP | 34 Avenue A | New York | New York | NY | 10009 | Mixed Use | Multifamily/Retail/Office | 1900 | 2022 | 3,450 | SF | 971.01 | 3,350,000 | 3,350,000 | 3,350,000 | 6.70000% | 0.017550% | 6.682450% | NAP | 18,963.95 | NAP | 227,567.40 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/31/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 5 | L(24),D(32),O(4) | 447,589 | 82,461 | 365,128 | 4/30/2024 | T-12 | 462,288 | 55,943 | 406,345 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 458,632 | 98,598 | 360,034 | 2,629 | 6,900 | 350,505 | 1.58 | 1.54 | 10.7% | 10.5% | 5,500,000 | As Is | 5/9/2024 | 60.9% | 60.9% | 100.0% | 5/1/2024 | No | Ruff Club | 1,750 | 50.7% | 10/30/2027 | Island Hill Construction | 1,700 | 49.3% | 4/1/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/17/2024 | NAP | 5/17/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 2,275 | 2,275 | 1,277 | 1,277 | 0 | 219 | 5,257 | 0 | 575 | 13,800 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 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 | Chun Y. Lee and Sylvia L. Hung | Chun Y. Lee and Sylvia L. Hung | No | No | Acquisition | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
| 33 | Loan | | 1 | 1305 Kings Highway | 0.3% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1305 Kings Highway | Brooklyn | Kings | NY | 11229 | Mixed Use | Retail/Office | 1975 | 1996; 2019 | 9,979 | SF | 308.65 | 3,080,000 | 3,080,000 | 3,080,000 | 6.86000% | 0.017550% | 6.842450% | NAP | 17,851.88 | NAP | 214,222.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/3/2024 | 0 | 1 | 9/1/2024 | NAP | 8/1/2029 | NAP | 5 | 5 | L(24),D(32),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 516,047 | 129,106 | 386,941 | 2,994 | 20,218 | 363,729 | 1.81 | 1.70 | 12.6% | 11.8% | 5,000,000 | As Is | 5/8/2024 | 61.6% | 61.6% | 100.0% | 6/12/2024 | No | Manhattan Optometry & Ophthalmic Dispensing PLLC | 6,000 | 60.1% | 5/31/2039 | CityMD | 3,979 | 39.9% | 10/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/30/2024 | NAP | 5/30/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 3,692 | 3,692 | 2,049 | 1,025 | 0 | 258 | 37,122 | 0 | 1,746 | 41,912 | 0 | 0 | 0 | 27,500 | 0 | Springing | Letter of Credit 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 | Arthur Vayner, Leonid Vayner and Dmitry Vayner | Arthur Vayner, Leonid Vayner and Dmitry Vayner | No | No | Acquisition | | | | | | | | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | | | | | | | | |
